News

InCharge Showcases Bankruptcy Courses at Tampa Seminar - Marketwatch

03/14/12

"Florida remains one of the nation's hardest hit states, leading the country in Chapter 7 bankruptcies, and trailing only Georgia and California in Chapter 13 filings," said Beth Mason, InCharge's Director of Outreach Programs for Bankruptcy Services.

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Debt refi, asset sales should help CIT's appeal - Marketwatch

03/14/12

The sale was first reported Tuesday by Bloomberg News ... The company filed for Chapter 11 bankruptcy in November 2009 as the economy sputtered, causing borrowers to draw down their credit lines and making it hard for CIT to raise funds ...

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Western Mohegans file for bankruptcy, cancelling sale of their property - Times Herald-Record

03/14/12

WAWARSING — The Western Mohegan Tribe and Nation has once again wiggled out from an apparent dead end to their casino dreams. The 255-acre Tamarack resort owned by the tribe had been scheduled for an Ulster County sheriff’s sale Thursday due ...

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United States: Unsuccessful Successors? Limits On Bankruptcy Sales "Free And Clear" Of Successor Liability - Mondaq

03/14/12

While many bankruptcy sale orders contain provisions purporting to absolve the purchaser of "successor liability" claims related to the purchased assets or business, a recent case from the U.S. Bankruptcy Court for the Southern District of New York is a ...

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Canyon County spends $109K on John Bujak case - Idaho Press-Tribune

03/14/12

Commissioner Steve Rule said the money is well spent because it protected the county from paying the estate in Bujak’s bankruptcy case $171,000. Bujak resigned in 2010. He has been charged with embezzling $236,000 from the county in funds paid by Nampa ...

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Minority owner's 7% share of Sacramento Kings likely to be auctioned - Sacramento Bee

03/13/12

For sale: a 7 percent share of the Sacramento Kings. Longtime minority owner Bob Cook's stake in the team is likely to be auctioned off as part of Cook's personal bankruptcy. "It's (Cook's) preference that it not be sold, but he understands it's ...

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A&P Emerges From Chapter 11 as Private Company - Marketwatch

03/13/12

--Company Remains Committed to Further Enhancing Value and Service for Customers Across its Neighborhood Food and Drug Stores The Great Atlantic & Pacific Tea Company, Inc. (A&P) today announced that it has successfully consummated its financial ...

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Vick Almost All Paid Up in Bankruptcy Case - NBC Philadelphia

03/13/12

Eagles quarterback Michael Vick has apparently lived up to his promise of modest living and it’s paying off -- his creditors. Vick, who declared Chapter 11 bankruptcy in July 2008, has paid off all but about $400,000 of the $20 million he originally owed ...

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