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Bankruptcy Judge Sends a Message to Bank of America

10/04/13
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Bank of America Corp. has been ordered to pay $10,000 per month for e

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The Broke and the Beautiful: MLB Edition

10/04/13

This week on The Broke and the Beautiful, a fight involving 38 Studios is back in play. Also, the owner of the Houston Astros is fighting Comcast’s bid to control CSN Houston.

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U.S. Judge Orders Irish Developer to Open Books

10/04/13

A Connecticut bankruptcy judge has ordered Sean Dunne, once one of Ireland’s biggest property developers, to open his books to a U.S. bankruptcy trustee saying he can’t hide behind Irish family law to avoid answering questions about his finances.

Judge Alan H.W. Shiff of the U.S. Bankruptcy Court in Bridgeport, Conn., in a ruling Thursday, said Mr. Dunne must turn over his financial records to Richard Coan, the bankruptcy trustee overseeing the developer’s Chapter 7 case, and to testify under oath to his Irish creditors.

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The Daily Docket: Citi Fights Lehman Payout

10/04/13
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Citigroup Inc.

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The Daily Docket: Furniture Brands Board Pits KPS as Lead Bidder

10/03/13

Furniture Brands International Inc.’s board of directors has switched course, replacing Oaktree Capital Management with New York’s KPS Capital Partners LP as the lead bidder at an upcoming bankruptcy auction. Read the Daily Bankruptcy Review article here.

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Holding Company for Exchange LA Nightclub Files for Bankruptcy

10/02/13

The holding company for trendy Los Angeles nightclub Exchange LA has filed for Chapter 11 bankruptcy as it fights the city of Los Angeles and its embattled landlord to keep the party pumping at its historic venue.

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The Daily Docket: Elliott to Pay $1 Billion for Lehman U.K. Claim

10/02/13
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Paul Singer‘s hedge fund Elliott Management has agreed to pay GBP650 million ($1.05 billion) to the corporate parent of Lehman Brothers

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Government Shutdown Hits Bankruptcy Watchdogs

10/01/13

By Joseph Checkler and Stephanie Gleason

U.S. bankruptcy courts remain open for business, but the government shutdown leaves them far from full strength.

Only one third of the employees from the U.S. Trustee Program, the Justice Department unit that monitors bankruptcy cases throughout the country, are essential workers who are required to work through the shutdown. The other 780 employees have been furloughed.

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How Bankruptcy Can Send Your Student Loans Soaring

10/01/13
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Newly redesigned $100 notes lay in stacks at the Bureau of Engraving and Printing on May 20, 2013.
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The Daily Docket: ‘Old’ GM Creditors Settle Dispute

10/01/13
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A trust representing “old” General Motors’ unsecured creditors agreed to stop trying to reclaim funds that GM had paid to a group of hedge funds, among them

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