News Topic: Uncategorized

Kathy Bazoian Phelps The bankruptcy attorney who wrote the book on Ponzi schemes is bringing her expertise to Diamond McCarthy, a boutique law firm that’s no stranger to untangling massive fraud. ... Read full article

U.S. hedge funds will find out Friday whether they won or lost a preliminary round of the international fight over how to divide $7.3 billion raised in the bankruptcy liquidation of Nortel Networks Corp. Read the Daily Bankruptcy Review story here . ... Read full article

I was visited by a Canadian bankruptcy trustee vacationing in Florida who wanted to learn more about our bankruptcy system. Canada has the equivalent of Chapter 7 and Chapter 13 bankruptcy statutes. The main difference between their system and our own is ... Read full article

Associated Press Continental Flight 3407 plane burns after it crashed into a house near Buffalo. ... Read full article

The union representing US Airways Group Inc. pilots has sued to prevent a group of former America West pilots from seeking to block US Airways’ proposed merger with American Airlines parent AMR Corp. Read the Daily Bankruptcy Review story here . ... Read full article

This week on The Broke and the Beautiful, Girls Gone Wild goes a little crazy in bankruptcy, and Rhythm & Hues gets a shout-out at the Oscars. Also, Curt Schilling’s famed bloody sock has sold for more than $92,000. ... Read full article

AFP/Getty Images A Greek flag flies next to a statue of ancient Greek philosopher Socrates in the center of Athens. When it comes to keeping top-secret dea ... Read full article

Reuters From left, Guillaume Rocheron, Bill Westenhofer, Erik-Jan De Boer and Donald R. ... Read full article

European Pressphoto Agency Top wireless companies have accused struggling PowerWave Technologies < ... Read full article

This week on The Broke and the Beautiful, Rhythm & Hues needs money to finish some studio work, and the “father of Botox” is in trouble. Also, Curt Schilling’s famed bloody sock is finally at auction. ... Read full article

A financial-industry regulator Thursday is expected to discuss the possibility of banning Jon S. Corzine for life from the futures industry, according to The Wall Street Journal. ... Read full article

The Academy Awards are this weekend, but restructuring professionals have already picked a winner: “Life of Pi.” The pros chose a quote from the movie—“Above all, don’t lose hope”—as the top sentiment for their profession in 2013, according to Weil, ... Read full article

Revel, the struggling Atlantic City casino, has hired restructuring lawyers and bankers to mull options for reworking a heavy debt load, The Wall Street Journal reports . ... Read full article

U.S. investors are pushing to go to trial by the fall over how to divide Nortel Networks Corp.’s $7.3 billion pile of money, but officials looking out for Canadian and European creditors say the international cash clash could take much longer to sort out. ... Read full article

Bahrain’s Arcapita Bank is proposing to wind down and sell all of its assets as the Bahrain-based investment firm tries to emerge from bankruptcy protection in the U.S. Read The Wall Street Journal reports . ... Read full article

Pressed by an impatient group of creditors, the bank in charge of distributing sewer revenue to Jefferson County, Ala., bondholders owed some $3.2 billion has turned to the county’s bankruptcy judge for help in determining whether it can accelerate some ... Read full article

Financial hardship that has plagued U.S. coal producers in recent years could crest in 2013, leading some analysts to predict that more coal companies will turn to bankruptcy as they try to survive the downturn. Read the Daily Bankruptcy Review story here ... Read full article

A bankruptcy judge in Houston refused Tuesday to consider an emergency financing motion from ATP Oil & Gas Corp. that creditors called “shocking and offensive” and gave the company until Monday to get a better loan deal.  Read the story here in Daily ... Read full article