News Topic: Real Estate

The U.S. Supreme Court has opted to weigh in on one of the hottest topics in bankruptcy: whether lenders have the right to use debt as currency in bankruptcy auctions. Read the Daily Bankruptcy Review article here . ... Read full article

A judge on Tuesday confirmed Lehman Brothers Holdings Inc.’s $65 billion creditor-payment plan, one final major milestone in the investment bank’s record-setting bankruptcy case and a cathartic ending to the collapse that tipped world economies into chaos ... Read full article

The Giant and Stop & Shop supermarket chains are balking at A&P’s deal with its unionized employees to slash wages and benefits, claiming they may be forced to pick up the slack with respect to a multiemployer plan the three chains share. Read the ... Read full article

Broadcaster Fox Sports is taking another swing at embattled Los Angeles Dodgers owner Frank McCourt, adding him to a lawsuit on charges of improperly shopping the team’s valuable media rights. Read the Daily Bankruptcy Review article here . ... Read full article

Tribune Co. is pushing to get out of bankruptcy fast but is battling challenges from major creditor camps to the rejection of a Chapter 11 plan, which the company says is easily repaired. Read the Daily Bankruptcy Review article here . ... Read full article

A bankruptcy judge on Tuesday slashed the amount of money Dynegy Inc.’s holding company can immediately lend to four subsidiaries to keep the entities running during bankruptcy, in light of serious questions raised in court by Dynegy bondholders. Read the ... Read full article

A judge on Monday rejected Tribune Co.’s plan to exit bankruptcy, sending the media giant back to the bargaining table to find a viable restructuring strategy after nearly three years in Chapter 11. Read the Daily Bankruptcy Review article here . ... Read full article

A judge Friday approved a lower-priced sale of Innkeepers USA Trust’s hotels to private-equity firm Cerberus Capital Management LP, putting the hotelier’s bankruptcy exit back on track after nearly two months of hiccups. Read the Daily Bankruptcy Review ... Read full article

Bloomberg News “Should I stay or should I go now?” ... Read full article

Four hedge funds accused of insider trading in Washington Mutual Inc.’s bankruptcy case are appealing a ruling that denied confirmation of the company’s Chapter 11 plan and found they could be held to account to shareholders for alleged improper behavior. ... Read full article

This week on The Broke and the Beautiful, Stephen Baldwin’s bankruptcy case has been canned, housewives are sweeping through the press, and both college and professional football are at the center of the bankruptcy spotlight. ... Read full article

Rumors of a pool-table-top murder within an uninhabited Hollywood Hills mansion’s billiards room: false. The one about aliens landing on the 22-acre property, giving them a clear view of the Los Angeles skyline and the whitewashed Hollywood sign: false. ... Read full article

Lehman Brothers Inc. Europe says the trustee winding down its U.S. counterpart could try to block European creditors from recovering $8.9 billion. But allowing such a claim has the potential to dilute recoveries for U.S. customers of Lehman Brothers ... Read full article

A Delaware bankruptcy judge rejected embattled Los Angeles Dodgers owner Frank McCourt’s attempt to use the team’s Chapter 11 case to circumvent Major League Baseball, ruling Friday that the team could not use a $150 million loan from a New York hedge ... Read full article

A straw buyer is a fake buyer set up to defraud the mortgage company.  If an individual cannot qualify for a loan for a particular home, due to bad credit or some other reason, it may seem like a solution to ask a relative or friend to purchase the home ... Read full article

The Fall 2009 edition of the Absolute Priority newsletter, published by the Cooley Godward Kronish LLP   Bankruptcy & Restructuring group, of which I am a member, has just been released. The newsletter gives updates on current developments and trends ... Read full article