Real Estate

Signal International Files for Bankruptcy With Labor Lawsuit Deal

07/13/15

Signal International LLC filed for chapter 11 bankruptcy protection Sunday to deal with lawsuits accusing it of labor trafficking involving citizens of India recruited to work in the U.S. The Wall Street Journal has the Daily Bankruptcy Review article here.

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RadioShack Wins Approval of Real Estate Sales

06/18/15
Shawn Thew/European Pressphoto Agency

The former RadioShack won court approval of the last major transactions of its bankruptcy case: more than $50 million worth of real estate in Texas, California and Marylan

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Bankrupt Chicago Horse-Racing Tracks Look for Buyers

05/08/15

Want to place a bet on two Chicago-area horse-racing tracks?

Balmoral Park and Maywood Park are going up for sale as part of a deal to end a legal fight with Illinois riverboat casino operators. The casino operators won an $82 million judgment against the tracks’ owners over an alleged bribery scheme involving disgraced ex-Illinois Gov. Rod Blagojevich. The tracks filed for bankruptcy in December to prevent the casinos from trying to collect that money.

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The Daily Docket: Ex-Owners Settle Lake Las Vegas Suit for $115 Million

11/26/14

The former owners of Lake Las Vegas, including two of Texas’ billionaire Bass brothers, paid $115 million last month to quietly settle a long-running lawsuit tied to the luxurious golf community and resort’s collapse into bankruptcy in 2008, according to confidential settlements viewed by The Wall Street Journal. Read the exclusive Daily Bankruptcy Review story in the Journal.

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Baltimore Landlord Halts Blight Suit With Bankruptcy Filing

11/21/14

Earlier this year Maryland’s Community Law Center had its first victory under an updated law meant to stop bad behavior by the owners of blighted properties that refuse to clean them up. But late Tuesday night the progress in that effort hit a road block—the bankruptcy code.

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The Daily Docket: Mutual Fund Appeals Stockton Bankruptcy Ruling

11/17/14

Mutual fund giant Franklin Templeton Investments is appealing a judge’s decision to allow the city of Stockton, Calif., to exit bankruptcy under a plan that pays Franklin-managed funds a fraction of the $37 million owed them but makes full payments for the city’s pensions. Read the Daily Bankruptcy Review story in The Wall Street Journal.

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The Daily Docket: Bankruptcy Judge Delays Key Trump Taj Mahal Ruling

11/06/14
Trump Entertainment

As cash quickly runs out to keep Atlantic City’s Trump Taj Mahal Casino Resort open, a bankruptcy judge refused to sign off on the outlines of a bankruptcy-exit plan for owner Trump Enterta

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Great Northern Paper Bankruptcy an Issue in Maine’s Race for Governor

10/09/14
The paper mill in Millinocket, Maine, which closed in 2008.
Associated Press

The closure of Great Northern Paper Co.’s paper mill in Maine and subsequent b

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Casino Union Runs the Numbers on Revel

04/10/14
Wayne Parry/Associated Press

Fear of another bankruptcy for Atlantic City, N.J.’s Revel casino prompted a local casino workers’ union to do its own calculation of what a prospective buyer should be

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Casino Union Runs the Numbers on Revel

04/10/14
Wayne Parry/Associated Press

Fear of another bankruptcy for Atlantic City, N.J.’s Revel casino prompted a local casino workers’ union to do its own calculation of what a prospective buyer should be

[more]