News

Philadelphia Orchestra bankruptcy drags on - Philadelphia Daily News

04/16/12

When the Philadelphia Orchestra filed for Chapter 11 last spring, its leaders said the reorganization would cost $2.9 million in legal and administrative fees, and they predicted the orchestra would be out of bankruptcy in the latter part of 2011.

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Philadelphia Orchestra bankruptcy drags on - Philadelphia Daily News

04/16/12

When the Philadelphia Orchestra filed for Chapter 11 last spring, its leaders said the reorganization would cost $2.9 million in legal and administrative fees, and they predicted the orchestra would be out of bankruptcy in the latter part of 2011.

[more]

Dan Walters: Stockton not only California government in financial distress - Sacramento Bee

04/16/12

Under a new state law, Stockton is now dickering with its creditors and unions over reducing its burden, and if that fails, a bankruptcy filing is next. However, Stockton isn't alone. The state's finances are not in any better shape. Governors ...

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Bankruptcy Credit Counseling, Debtor Education Alliance Providers at NACBA Conference - PRLog (free press release)

04/16/12

BKClass.com (http://www.BKClass.com), representing the National Financial Literacy Foundation, Inc. and Financial Education Services, Inc., will present their highly-successful EOUST-approved* pre-filing bankruptcy credit counseling and post-filing debtor ...

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Philadelphia Orchestra bankruptcy drags on - Philadelphia Daily News

04/16/12

He added, "I can say with a very high level of confidence, this case will end some time this summer." In addition to emerging from bankruptcy and a lofty drive goal of $160 million or more, the orchestra has considerable work ahead in deploying ...

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Editorial: Visions - Bankruptcy filing invites optimism for old hotel - Fayetteville Observer

04/16/12

There will be at least one more chapter in the saga of the historic Hotel Prince Charles. Owner John Chen's corporation has filed for bankruptcy protection, throwing a block on a scheduled sheriff's auction. How someone who lists $1 million to $ ...

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Debt Restructure Advisor Announces Plan Confirmation in a Multiple Asset Ch-11 - PR Inside

04/16/12

EINPresswire.com/ April 13, 2012: Philadelphia, PA- Capital Restructure Group, www.capitalrestructuregroup.com a debt restructure advisor and Chapter 11 consulting firm today announced that the reorganization plan it conceived and wrote to restructure a ...

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Kodak says it needs more time to organize - USA Today

04/15/12

Under bankruptcy law, a company is given 120 days from filing Chapter 11 to propose a plan for its turnaround, and 60 days beyond that to exclusively lobby its various creditors to sign on to that plan. Kodak's deadline for filing the plan ...

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Dodgers are about to become baseball's new money - Los Angeles Times

04/15/12

The judge who presided over the Dodgers' bankruptcy case is a huge baseball fan. He invited an attorney to speak by saying "batter up," referred to last Friday's morning and evening court sessions as "a day-night doubleheader" and proudly shared ...

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Weltman & Moskowitz, LLP Welcomes Melissa A. Guseynov as Associate Attorney - PR-USA.net

04/15/12

Melissa A. Guseynov's practice concentrates on corporate and financial restructuring, insolvency, bankruptcy litigation, secured transactions and financings, general corporate, mergers and acquisitions, and debtors' and creditors' rights. Ms. Guseynov ...

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