Real Estate

The Daily Docket: Lehman Seeks to Subpoena Geithner

02/17/12

Lehman Brothers Holdings Inc. and its creditors said they want to subpoena Treasury Secretary Timothy Geithner over allegations J.P. Morgan Chase & Co. illegally siphoned billions of dollars from the collapsing investment bank before it filed for bankruptcy. Read the Daily Bankruptcy Review article here.

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Forward Contracts Preference Exception Broadly Construed

02/10/12

By: Brian P. King

St. John’s Law Student

American Bankruptcy Institute Law Review Staff    

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Home Sales Go On Despite Spanish Peaks Bankruptcy

02/07/12

Spanish Peaks’ ongoing bankruptcy isn’t stopping the sale of luxury homes at the exclusive ski-and-golf community nestled among Montana’s mountains and bordering Yellowstone National Park.

Three homes in the Big Sky, Mont., community will go up for auction next month, according to Concierge Auctions LLC, as will a home in nearby Yellowstone Club.

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Avenue Moves to Keep Lingerie Promises

02/03/12

Executives at plus-sized retailer Avenue rushed to the courtroom Thursday to make sure that ladies who purchase their unmentionables from the chain remain, ahem, well-supported throughout the case.

In an 89-page summary of its immediate operational needs, the chain’s owner asked Judge Stuart M. Bernstein of the U.S. Bankruptcy Court in Manhattan to allow the company to continue giving out a free bra to women who’ve purchased five others from its roughly 430 stores, which are often set in suburban shopping malls.

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The Daily Docket: JeffCo to Make Smaller Bondholder Payments

01/23/12

Empowered by a recent court ruling, Jefferson County, Ala., leaders are planning to wield their bankruptcy case privileges to squeeze sewer system bondholders who—for nearly half a decade—have squeezed them. Read the Daily Bankruptcy Review article here.

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The Broke and the Beautiful: Save the Twinkie! Edition

01/20/12

This week on The Broke and the Beautiful, Wendy Williams does her part to keep Twinkies alive, and boy-band mogul Lou Pearlman’s trustee must be feeling larger than life. Also this week, Jefferson, County, Ala., scores a run against J.P. Morgan Chase & Co. on its dealings with Houston Astros owner Jim Crane.

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The Daily Docket: Hostess Enters Bankruptcy

01/11/12

Hostess Brands Inc., the maker of Twinkies and Wonder Bread, filed for Chapter 11 bankruptcy protection Wednesday to confront burdensome debt and labor costs that it says have left it fighting to compete. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Lehman Seeks Approval of $390M Deals

12/23/11

As Lehman Brothers Holdings Inc. prepares to start paying out some $65 billion to its creditors, it’s seeking approval of deals to bring more than $390 million into its coffers. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Hedge Funds Sue Delphi

12/21/11

A handful of hedge fund companies that specialize in buying up the distressed debt of bankrupt businesses are suing Delphi Automotive PLC and some of its biggest backers, claiming the newly public auto-parts supplier is shortchanging them on a potential recovery of up to $300 million. Read the Daily Bankruptcy Review article here.

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