News

Bankruptcy Filings Drop In Texas - Law.com

03/26/12

Business and consumer bankruptcy filings in Texas totaled 51,955 in 2011, down 10.8 percent from 58,242 in 2010, according to data made public on Feb. 7 by the Administrative Office of the U.S. Courts. Consumer filings came in at 48,442 for 2011 ...

[more]

The Oklahoma Bankruptcy Lawyers at Atkins & Markoff Alert Public to Medical Debt … - YAHOO! - YAHOO!

03/26/12

The Oklahoma bankruptcy attorneys at the law firm of Atkins & Markoff ... the record of that debt remains on that credit report for up to 7 years. According to a report issued by the Commonwealth Fund, approximately 30 million Americans were contacted ...

[more]

Bethesda Woman Indicted for Bankruptcy Fraud - FBI Press Room (press release)

03/26/12

and concealment of assets in connection with her Chapter 7 bankruptcy case. The indictment was announced by United States Attorney for the District of Maryland Rod J. Rosenstein; Special Agent in Charge Richard A. McFeely of the Federal Bureau of ...

[more]

Failed mortgage firm's trustee seeks $475,000 more in legal fees - Fosters Daily Democrat

03/26/12

That would bring the firm's total payment thus far — including $308,000 held back until the case is closed — to more than $1.76 million, according to Monday's filing in the massive bankruptcy case. Jim Donchess said that his small firm ...

[more]

Cliffs gets loan to see it through bankruptcy - Greenville News

03/26/12

according to terms disclosed in bankruptcy court. And Carlile will provide $85 million under the proposed terms to purchase real estate, the sale of which would fuel The Cliffs’ operations, lawyers said at the hearing. Bill Rothschild ...

[more]

Crocs shoes creates broader range of footware - News.com.au

03/26/12

Crocs new range helps company avoid bankruptcy New lines account for 54 per cent of company sales Granny sues Apple for $US1 million CROCS are one of the most recognised shoe styles in the world, but chief John McCarvel is determined to change all that.

[more]

Treasury Said to Want Ally Sale With IPO Seen Unlikely - Bloomberg

03/26/12

Ally is likely to put Residential Capital mortgage unit into bankruptcy in the next few weeks and sell some assets in a court-supervised sale, people familiar with the matter said last month. The firm also may lose its preferred auto-lender ...

[more]

The Ticker - Boston Herald

03/26/12

A U.S. bankruptcy court in Delaware approved the sale of Evergreen Solar’s defunct Devens factory for $8.5 million to a real estate entity formed by Los Angeles-based Hackman Capital and Hudson’s Calare Properties. Under a lease settlement, $5 million ...

[more]

Elliott urges Ally against ResCap bankruptcy - Reuters India

03/26/12

NEW YORK (Reuters) - Hedge fund Elliott Management sent a letter to Ally Financial's board last week saying a bankruptcy filing for its mortgage subsidiary would trigger a protracted legal battle against the lender and make its proposed public ...

[more]

Elliott urges Ally against ResCap bankruptcy - Reuters

03/26/12

NEW YORK (Reuters) - Hedge fund Elliott Management sent a letter to Ally Financial's board last week saying a bankruptcy filing for its mortgage subsidiary would trigger a protracted legal battle against the lender and make its proposed public ...

[more]