The bankruptcy trustee of MF Global Holdings Ltd. blames former Chief Executive Jon Corzine and his top aides for the broker-dealer’s collapse in a report filed Thursday. You can read the report here.
Revel AC Inc., which owns a resort and casino in Atlantic City, N.J., sought Chapter 11 bankruptcy protection Monday to carry out a restructuring previously agreed to by lenders.
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.
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.
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 their exemptions. Exemptions differ by Province. In Ontario, for example, the Debtor gets no homestead exemption.
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.
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.
