Reorganizations

Prominent metro Detroit real estate broker Ralph Roberts files for Chapter 11 - Detroit Free Press

06/05/12

Ralph Roberts, author and local real estate broker, has filed for Chapter 11 bankruptcy protection from creditors including his mother. Roberts, 55, a prolific author of real estate books including "Foreclosure Self-Defense for Dummies" and ...

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Owner of nail from Uniroyal Tire files for bankruptcy - detroitnews.com

06/04/12

Detroit— A Clinton Township Realtor who owns the giant nail from the iconic Uniroyal tire near Detroit Metropolitan Airport and his company have filed for Chapter 11 bankruptcy — and he listed the nail as a $3,000 asset. Ralph Roberts ...

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DOJ: Why do bankruptcy lawyers charge $1,000 an hour? - msnbc.com

06/04/12

Big bankruptcies mean big bills. According to court filings cited by the Wall Street Journal, lawyers who worked on Chapter 11 restructurings for companies like Eastman Kodak Company and the parent company of American Airlines sometimes earned ...

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Supreme Court Protects Credit Bid in Hotel Bankruptcy - jdsupra.com

06/04/12

How Does RadLAX Impact Conventional Chapter 11 Plan Structures? On May 29, 2012, the United States Supreme Court held in RadLAX Gateway Hotel LLC v. Amalgamated Bank ("RadLAX"), that a debtor-owner of a hotel encumbered by a mortgage lien securing over $ ...

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Apple Says Patent Fight With Kodak Isn't for Bankruptcy Court - NASDAQ

06/04/12

Kodak, based in Rochester, N.Y., filed for Chapter 11 in January after failing to sell its patents outside of a bankruptcy. The company's once-central photography driven business became marginalized by increased digital competition, and it also ...

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Omega Navigation Chapter 11 case extended again - Lloyd's List

06/04/12

OMEGA Navigation ’s Chapter 11 case appears set to extend its run beyond one calendar year, after the exclusivity period during which only the George Kassiotis-led product tanker company may file a reorganisation plan was extended through to July 20.

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Feds Eye MF's False Promise - Wall Street Journal

06/04/12

MF Global tumbled into Chapter 11 on Oct. 31. The bankruptcy trustee trying to recover money for the firm's U.S. customers has estimated that the shortfall now is roughly $1.6 billion. A large chunk of the money is stuck outside the U.S. Enlarge ...

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U.S. trustees want lawyers to dislose more about fees in bankruptcy cases - The Business Journal

06/04/12

The U.S. Department of Justice U.S. Department of Justice Latest from The Business Journals Memphis still good for real estate investment, report finds Follow this company wants lawyers representing companies in Chapter 11 bankruptcy cases to defend their ...

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A new chapter for Sparrows Point - Baltimore Sun

06/04/12

Each time, those hopes have been dashed and a parade of managers proved themselves unequal to the task. The recent Chapter 11 bankruptcy filing by RG Steel on the heels of the company's decision to shut down operations and lay off nearby 2,000 ...

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Attorneys to justify Chapter 11 fees - The Business Journal

06/04/12

The Justice Department is increasingly unhappy with attorney fees paid by companies going through a Chapter 11 bankruptcy reorganization, and attorneys will make their case for the fees in a public meeting in Washington, D.C., on Monday, the Wall Street ...

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