Bankruptcy Lawyer News

InCharge Showcases Bankruptcy Courses at South Carolina Seminar - MarketWatch (press release)

Thu, 17 May 2012 05:39:10 -0700

InCharge Showcases Bankruptcy Courses at South Carolina Seminar
MarketWatch (press release)
InCharge� Debt Solutions ("InCharge"), a nonprofit credit counseling agency, with its affiliate InCharge Education Foundation, has helped clients complete over 800000 bankruptcy courses since the company initiated the educational offerings in 2006.

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Pinnacle Bankruptcy Bargaining Deadlines Extended, USW Advises Court of ... - Sacramento Bee

Thu, 17 May 2012 05:58:28 -0700

Pinnacle Bankruptcy Bargaining Deadlines Extended, USW Advises Court of ...
Sacramento Bee
In its presentation to the US Bankruptcy Court for the Southern District of New York, which convened today to consider Pinnacle's motion for approval of Debtor in Possession (DIP) financing and other agreements, the USW advised the court that ...
Bankruptcy court OKs $74.3M in financing for Pinnacle AirlinesMemphis Commercial Appeal
Pinnacle Airlines Can Take Delta's $74 Million LoanBloomberg
Pinnacle Airlines debtor-in-possession financing approvedCAPA - Centre for Aviation
Law360 (subscription)
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'Octomom' Nadya Suleman's bankruptcy case thrown out - Los Angeles Times

Wed, 16 May 2012 08:16:12 -0700

ABC News

'Octomom' Nadya Suleman's bankruptcy case thrown out
Los Angeles Times
The bankruptcy case against "Octomom" Nadya Suleman has been thrown out of court after she failed to complete the necessary paperwork, records show. The mother of 14, including the octuplets that plunged her into the spotlight, did not meet Monday's ...
'Octomom' Bankruptcy Case Thrown out of CourtABC News
Octomom bankruptcy thrown out of courtWinnipeg Free Press

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Romney Blamed for Chain Store's Bankruptcy - HispanicBusiness.com

Wed, 16 May 2012 12:11:03 -0700

The Associated Press

Romney Blamed for Chain Store's Bankruptcy
HispanicBusiness.com
President Obama's re-election campaign pressed its attack on Mitt Romney as a cold-hearted capitalist Tuesday by saying that he helped drive into bankruptcy a chain of department stores that used to be located in 26 Ohio cities, including Bowling Green ...
Obama Campaign To Screen Video Attacking Romney's RecordPatch.com
Romney campaign ad touts steel mill boosted by Bain investmentABC News

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LightSquared's bankruptcy is a cautionary tale - ITworld.com

Wed, 16 May 2012 17:55:44 -0700

TheStreet.com

LightSquared's bankruptcy is a cautionary tale
ITworld.com
LightSquared filed for bankruptcy protection on Monday, declaring assets of US$4.48 billion and debts of $2.29 billion. Lengthy negotiations with its creditors failed to produce an agreement on how to handle the debt. Philip Falcone, whose Harbinger ...
LightSquared Files for BankruptcyHelicopter Association International
Falcone's LightSquared Roams Into BankruptcyTheStreet.com
Wireless startup LightSquared files for bankruptcyThe Seattle Times
Mobile bloom News -CNET (blog)
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LightSquared's Bankruptcy Is a Cautionary Tale - PCWorld

Tue, 15 May 2012 15:50:24 -0700

Globe and Mail

LightSquared's Bankruptcy Is a Cautionary Tale
PCWorld
LightSquared filed for bankruptcy protection on Monday, declaring assets of US$4.48 billion and debts of $2.29 billion. Lengthy negotiations with its creditors failed to produce an agreement on how to handle the debt. Philip Falcone, whose Harbinger ...
LightSquared, Failed Wireless Venture, Files BankruptcyBusinessWeek
LightSquared Files for BankruptcyNewsFactor Network
LightSquared Files Bankruptcy After Wireless Network BlockedSan Francisco Chronicle

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Column: Providence in bankruptcy? Bring it on - The Providence Journal (blog)

Thu, 17 May 2012 04:08:56 -0700

Column: Providence in bankruptcy? Bring it on
The Providence Journal (blog)
Indeed, for a city that faces bankruptcy amid hard times, Providence has a lot of projects moving forward in its downtown: ?.The Arcade will reopen with shops and restaurants on its ground floor and 55 micro lofts on its second and third floors. ?.

Fewer people filing for bankruptcy in Orlando raises hope of improving economy - Orlando Sentinel

Wed, 16 May 2012 15:25:57 -0700

Fewer people filing for bankruptcy in Orlando raises hope of improving economy
Orlando Sentinel
By Richard Burnett, Orlando Sentinel After falling last year for the first time since the start of the Great Recession, the number of people declaring bankruptcy in the Orlando area has continued to decline so far in 2012, raising hopes that the pace ...

David Unkovic wanted bankruptcy, Jeff Piccola says - Patriot-News

Wed, 16 May 2012 18:56:20 -0700

Patriot-News

David Unkovic wanted bankruptcy, Jeff Piccola says
Patriot-News
By ERIC VERONIKIS, The Patriot-News Unkovic instead wanted to place Harrisburg in municipal bankruptcy after a state law preventing the city from entering Chapter 9 expires this summer, the Dauphin County Republican contends.

The Challenges in ResCap's Bankruptcy - New York Times

Tue, 15 May 2012 11:41:55 -0700

New York Times

The Challenges in ResCap's Bankruptcy
New York Times
The lingering mortgage crisis has finally reached the bankruptcy courts in a substantial way with the filing of Residential Capital's Chapter 11 case on Monday. The long version of how ResCap ended up in bankruptcy is set forth in the chief financial ...
Ally Pays $750 Million in ResCap Bankruptcy to 'Avoid the Noise'BusinessWeek
Bankruptcy aims to free Ally of bad mortgage assets after auto rescueDetroit Free Press
Ally Financial's ResCap mortgage unit seeks bankruptcy protectionLos Angeles Times
Bloomberg -Reuters -USA TODAY
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5 Ways to Avoid Filing for Bankruptcy - U.S. News & World Report (blog)

Wed, 16 May 2012 06:54:36 -0700

5 Ways to Avoid Filing for Bankruptcy
U.S. News & World Report (blog)
The mere thought of bankruptcy sends shivers down our spines and makes our bank accounts quiver in fear. It has its reputation as the ultimate nadir of personal finance. Bankruptcy, according to finance guru Dave Ramsey, is often considered one of the ...
Luxury Boat Builder Files for Bankruptcy in Wake of Rising Debtshttp://www.totalbankruptcy.com
How Long will my Bankruptcy Take?JD Supra (press release)
Anyone Can Succumb to Debt Problems: 8 Biggest Bankrupt CelebritiesGo Banking Rates

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Ally to shed a quarter of its assets after ResCap bankruptcy, emerge 'much leaner' - Detroit Free Press

Tue, 15 May 2012 06:22:23 -0700

New York Times

Ally to shed a quarter of its assets after ResCap bankruptcy, emerge 'much leaner'
Detroit Free Press
By Nathan Bomey Detroit-based Ally Financial expects to remove more than a quarter of its assets from its balance sheet through the bankruptcy filing of subsidiary Residential Capital and the sale of its international assets. Ally, which revealed the ...
ResCap Judge Says Request for Bankruptcy Loan 'Unfair'Bloomberg
GM To Reunite With Ex? Automaker Could Buy Ally Pieces After ResCap BankruptcyForbes
Ally Financial says its Residential Capital mortgage unit seeks Ch.11 ...Washington Post
CNNMoney -CNBC.com -Firedoglake
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Kaye Scholer Partner Madlyn Primoff Provides Outlook for Bankruptcy and ... - MarketWatch (press release)

Wed, 16 May 2012 08:07:26 -0700

Kaye Scholer Partner Madlyn Primoff Provides Outlook for Bankruptcy and ...
MarketWatch (press release)
NEW YORK, May 16, 2012 /PRNewswire via COMTEX/ -- Madlyn Primoff, a partner in Kaye Scholer's Bankruptcy & Restructuring Practice today released her outlook on bankruptcy risks facing various industries in the US for the second half of 2012.

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Harrisburg City Council Loses Bid to Reinstate Bankruptcy - Bloomberg

Tue, 15 May 2012 13:37:21 -0700

Harrisburg City Council Loses Bid to Reinstate Bankruptcy
Bloomberg
Harrisburg, Pennsylvania's city council members can't challenge the dismissal of the city's bankruptcy, an appeals court ruled today. The US Court of Appeals in Philadelphia granted a request by Harrisburg's mayor and the County of Dauphin to block the ...
How ex-mayor's borrowing put Harrisburg near bankruptcyPittsburgh Post Gazette

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Stockton Weighs Bankruptcy Option in Confronting Deficit - BusinessWeek

Tue, 15 May 2012 20:22:23 -0700

Stockton Weighs Bankruptcy Option in Confronting Deficit
BusinessWeek
By Alison Vekshin on May 15, 2012 Stockton, the central California city on the brink of insolvency, weighed filing for bankruptcy as it faces a $26 million budget gap in the next fiscal year. A Chapter 9 bankruptcy filing, massive cuts to city ...
City faces $26M gapStockton Record

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The Oklahoma Bankruptcy Lawyers at Atkins & Markoff Warn Public of Sharp ... - Houston Chronicle

Wed, 16 May 2012 08:10:10 -0700

The Oklahoma Bankruptcy Lawyers at Atkins & Markoff Warn Public of Sharp ...
Houston Chronicle
The Oklahoma bankruptcy attorneys at the law firm of Atkins & Markoff, whose Web site URL can be found at http://www.OklahomaBankruptcyLawCenter.com, hereby warn the public of reports of a sharp increase in the number of defaults by account holders of ...

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Kaye Scholer Partner Madlyn Primoff Provides Outlook for Bankruptcy and ... - Sacramento Bee

Wed, 16 May 2012 18:09:34 -0700

Kaye Scholer Partner Madlyn Primoff Provides Outlook for Bankruptcy and ...
Sacramento Bee
By Kaye Scholer NEW YORK, May 16, 2012 -- /PRNewswire/ -- Madlyn Primoff, a partner in Kaye Scholer's Bankruptcy & Restructuring Practice today released her outlook on bankruptcy risks facing various industries in the US for the second half of 2012.

Stockton Weighs Bankruptcy Option in Confronting Deficit - Bloomberg

Tue, 15 May 2012 20:21:22 -0700

Bloomberg

Stockton Weighs Bankruptcy Option in Confronting Deficit
Bloomberg
Stockton, the central California city on the brink of insolvency, weighed filing for bankruptcy as it faces a $26 million budget gap in the next fiscal year. A Chapter 9 bankruptcy filing, massive cuts to city departments or concessions that may emerge ...
Stockton Blunders on Books Helped Propel City to CrisisBusinessWeek

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The bankruptcy hotspots of the UK - Aol Money

Thu, 17 May 2012 05:46:21 -0700

The bankruptcy hotspots of the UK
Aol Money
The bankruptcy capital of the UK is Wansbeck in Northumberland, where the rate is currently 57 per 10000 adults. So where else is in trouble, and why? The good news is that overall bankruptcy rates are down. The total number of insolvencies per 10000 ...
Wansbeck has highest bankruptcy rateClearDebt

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TWU groups join AA pilots, flight attendants in bankruptcy court - KVUE

Wed, 16 May 2012 06:55:10 -0700

Fort Worth Star Telegram

TWU groups join AA pilots, flight attendants in bankruptcy court
KVUE
by JASON WHITELY NEW YORK ? Behind French sculptures and a picturesque fa�ade, an ugly process is unfolding at US Bankruptcy Court in Lower Manhattan. ?It's just a difficult process. Nothing is easy about this at all,? said American Airlines spokesman ...
American Airlines pilots ask bankruptcy judge to keep contracts intactKansas City Star
American Airlines pilots take their case to bankruptcy judgeFort Worth Star Telegram
Blog: AA flight attendants to present their case in bankruptcy hearingWFAA
Dallas Business Journal (blog) -The Economist (blog)
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