WSJcomBankruptcyBeat

The Daily Docket: Justice Dept. Takes Aim at Bankruptcy Fees

06/05/12

The Department of Justice’s point man for bankruptcy cases on Monday challenged attorneys’ resistance to his bid to ensure the “extraordinarily large” fees he says they charge are reasonable and warranted Read the Daily Bankruptcy Review story here.

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The Daily Docket: Justice Department Presses Attorneys to Justify Fees

06/04/12
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The Justice Department has grown increasingly restless with attorney fees—often exceeding $1,000 an hour—paid by companies going through a bankruptcy reorganization.

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The Broke and the Beautiful: Heavy Hitters Edition

06/01/12

This week on The Broke and the Beautiful, a judge approved a settlement between the owners of the New York Mets and the trustee recovering money for Bernard Madoff’s fraud victims, and ex-Dodgers owner Frank McCourt is facing a grand-jury investigation. Also, former football great Jamal Lewis has hiked himself to bankruptcy court.

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Plans for Utah Resort Go Up in Flames

06/01/12

People in glass houses shouldn’t live near firing ranges. Unfortunately, developers trying to build the Deer Island Resort along Salt Lake City’s mountain-encrusted perimeter learned that lesson the hard way.

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The Daily Docket: Pemco Creditors Demand Payment

06/01/12

Creditors of Pemco World Air Services Inc. are demanding that the company’s majority owner, private equity firm Sun Capital Partners Inc., pay back two years’ worth of management fees. Read the DBR Small Cap article here.

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Another Brush-Maker Bites the Dust

05/31/12

Alphonso “A.K.” Harper and Alfred C. Fuller have a lot in common.

At the turn of the century, when they were each 21 years old, the young men, one in Iowa and one in New England, started businesses selling custom brushes door-to-door.

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The Daily Docket: RG Steel Enters Bankruptcy

05/31/12

RG Steel LLC filed for Chapter 11 bankruptcy protection Thursday, days after admitting it was “confronted with an immediate, unexpected liquidity crisis.” Read the Daily Bankruptcy Review article here.

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The Daily Docket: Court Affirms Credit Bidding

05/30/12

The U.S. Supreme Court affirmed Tuesday the right of lenders to use their debt as currency in bankruptcy auctions in a unanimous decision sure to reverberate through the corporate restructuring community. Read the Daily Bankruptcy Review article here.

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