News

Palma bought properties from Christian Brothers affiliate - Pasadena Star-News

04/12/12

"The timing is very interesting," said Michael Pfau, a Seattle attorney involved in the cases. "What was the purpose of the transfer?" he asked. "We're going to scrutinize it in light of the national bankruptcy and in light of claims coming ...

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Palma bought properties from Christian Brothers affiliate - San Gabriel Valley Tribune

04/11/12

Elliott added that the transactions were transparent and that "the net assets of Palma would not change" because of the sales. Palma officials insist the school's assets are in no way at risk under the pending bankruptcy claims. New York ...

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Judge approves Chapter 7 conversion for Direct Air - WMBF

04/11/12

A federal judge has approved a request to convert Direct Air's bankruptcy to Chapter 7, paving the way for the embattled air service provider's assets to be liquidated. Massachusetts bankruptcy judge Melvin Hoffman signed off on the order at 1:20 p.m. April 11.

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MLB officials meet with mediator in Dodgers sale - Los Angeles Times

04/11/12

but tension between MLB and the Dodgers has intensified over the issue of what sale details must be disclosed to the league. U.S. Bankruptcy Judge Kevin Gross is expected to bless the Dodgers’ sale at a hearing Friday in Wilmington.

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L.A. Times objects to Dodgers' bid to seal conditions of land use - Bellingham Herald

04/11/12

LOS ANGELES - The Dodgers should be required to disclose the conditions that govern land use around Dodger Stadium, the Los Angeles Times argued in a court filing Wednesday. The Dodgers have asked the U.S. Bankruptcy Court for permission to file ...

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Judge rules that woman can't erase $9.7 million judgment won by her ex-husband - St. Petersburg Times

04/11/12

U.S. Bankruptcy Judge Caryl Delano said the Clearwater woman cannot erase through bankruptcy a $9.7 million judgment her husband won against her in a 2006 defamation trial. Under bankruptcy law, a debt that is incurred because of someone's ...

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Mid-Market Street Dashes Developer - Wall Street Journal

04/11/12

Mr. Addington's company, Fair Market Properties LLC, filed for Chapter 11 reorganization in January. The company owns a vacant, two-story building at 1028 Market St., near Sixth Street, that once was home to businesses including a pool hall and ...

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Cetero asks bankruptcy judge to OK up to $1.3 million in exec bonuses - INFORUM

04/11/12

FARGO – Executives of Cetero Research could receive bonuses collectively topping $1 million under a proposal the firm has made in its bankruptcy case. The company, which has a major drug-testing research center in Fargo, is asking a bankruptcy ...

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Judge: Wife can't erase $9.7 million judgment won by her ex - St. Petersburg Times

04/11/12

U.S. Bankruptcy Judge Caryl Delano said the Clearwater woman cannot erase through bankruptcy a $9.7 million judgment her husband won against her in a 2006 defamation trial. Under bankruptcy law, a debt that is incurred because of someone's ...

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Why bankruptcy might be a terrible idea - Deseret News

04/11/12

When people file for bankruptcy, a judge will go over their finances and choose what bills need to be paid, also called the means test, according to the article. Judges adhere to the guidelines established by the state. Generally, filing for ...

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