News Topic: Uncategorized

Melanie Cohen Since emerging last week as Crumbs Bake Shop ... Read full article

Melanie Cohen se ... Read full article

U.S. District Court in San Francisco Image Courtesy of Ken Lund ... Read full article

A government bankruptcy watchdog wants to ensure the claims trading industry doesn’t profit from the confusion of hundreds of people who have already lost money with New Life International, a Tennessee nonprofit that collapsed last year after investing ... Read full article

Morrison & Foerster won the plum job of representing the official committee of unsecured creditors in the Energy Future Holdings Corp. Chapter 11 case, one of the biggest bankruptcies on record. ... Read full article

Monday, the historic Nortel Networks Corp. cross-border bankruptcy trial will begin in Wilmington, Del., and Toronto. Judges will decide how to divvy up $7.3 billion from the sale of patents and other assets between Nortel divisions in Canada, the United ... Read full article

It’s often said in legal circles that the best settlements leave both sides equally unhappy. But a deal reached this week requiring former partners to contribute $4.2 million to Howrey LLP’s bankruptcy estate has one side cheering jubilantly and the other ... Read full article

Energy Future Holdings’ bid to restructure some $42 billion in debt under bankruptcy protection isn’t just the biggest busted LBO in history. It’s also something of a full employment act for bankruptcy lawyers, especially now that cracks are showing in ... Read full article

Energy Future Holdings Corp. weathered its debut bankruptcy-court hearing on Thursday, clearing a few essential early motions at a session that made it apparent the energy company faces opposition to its restructuring strategy. Read Peg Brickley’s story ... Read full article

LightSquared next week will make its closing arguments in support of confirmation of its bankruptcy-exit plan. Judge Shelley Chapman of the U.S. Bankruptcy Court in Manhattan will hear arguments on Monday and Tuesday on the $2.65 billion reorganization ... Read full article

The chapter 11 filings this month of Sbarro and Quiznos   share many similarities .  Both companies are looking to survive in a difficult sector of a tough industry.  Both were forc ... Read full article

Energy Future Holdings Corp. filed for Chapter 11 bankruptcy Tuesday, after reaching a deal with creditors on the terms of a debt-for-equity swap to restructure the private-equity backed utility’s debt load of more than $49 billion. With $36.45 billion in ... Read full article

1. I owe back child support.  Will my bankruptcy eliminate that debt? Child support is one debt which is never dischargeable.  Filing Chapter 7 will not eliminate your obligation to pay that back child support.  This is absolute. 2. Are you sure that I ... Read full article

According to Chicago bankruptcy attorney David Siegel, there are several pre-filing requirements that must be satisfied.  For example, before a case can be filed under Chapter 7 in the United States Bankruptcy Code, the debtor must submit to a credit ... Read full article

According to Mundelein bankruptcy lawyer David Siegel, the meeting of creditors is a meeting between the trustee, the debtor that has filed the bankruptcy case and any creditors that decide to show up for this meeting.  At this meeting the debtor will be ... Read full article

Palatine bankruptcy attorney David Siegel states that after your Chapter 7 bankruptcy case is filed but before it goes to discharge, you have the requirement of taking a two hour financial management instruction class.  The two hour financial management ... Read full article

We just passed the seven year anniversary for bankruptcy reform.  It is hard to believe that October 17 made for the seventh year since reform.  Most bankruptcy professionals would agree that reform has been a disaster.  There is such a greater cost and ... Read full article

Joliet bankruptcy attorney David Siegel states that the primary question is whether or not the person should file for bankruptcy protection.  Really, that’s a case by case basis which is an important decision to explore with an attorney.  I think in this ... Read full article