Recent Posts

Pilots: 2nd Circuit Should Rule On Collective Bargaining Issue In AMR Bankruptcy
Posted on 23 May 2012 by Mealeys

NEW YORK - The Allied Pilots' Association (APA) on May 22 filed a brief supporting its motion seeking certification of a direct appeal to the Second Circuit U.S. Court of Appeals in the APA's adversary proceeding related to collective bargaining... Read More

Tags: Bankruptcy

Judge: Sewer Income Must Be Applied To Debt Payments For Jefferson County, Ala.
Posted on 2 Jul 2012 by Mealeys

BIRMINGHAM, Ala. - A federal bankruptcy judge on June 29 ruled that revenues from bankrupt Jefferson County, Ala.'s sewer facility may be used only to pay down the county's debt and cannot be used to cover legal fees and capital expenditures ... Read More

Tags: Bankruptcy

U.S. Trustee: Kodak's Motion To Pay $13.5M In Bonuses Fails Legal Standard
Posted on 25 Apr 2012 by Mealeys

NEW YORK - The U.S. trustee in the Chapter 11 bankruptcy case of Eastman Kodak Co. on April 23 filed a brief in the U.S. Bankruptcy Court for the Southern District of New York objecting to Kodak's motion seeking an order authorizing it to pay its... Read More

Tags: Bankruptcy

Borders Trustee Files 92nd Complaint Seeking To Recover $23 Million
Posted on 7 Jan 2013 by Mealeys

NEW YORK - The liquidating trustee in the Chapter 11 bankruptcy proceeding of BGI Inc., formerly known as Borders Group Inc., on Jan. 4 filed the latest in a total of 92 adversary complaints against various creditors in the U.S. Bankruptcy Court for the... Read More

Tags: Bankruptcy

9th Circuit Denies Rehearing Ruling Sending Thorpe Case Back To Bankruptcy Court
Posted on 5 Apr 2012 by Mealeys

SAN FRANCISCO - The Ninth Circuit U.S. Court of Appeals on April 3 denied an en banc rehearing of its decision to remand approval of Thorpe Insulation Co.'s Chapter 11 plan of reorganization so a bankruptcy court can hear objections by insurance companies... Read More

Tags: Bankruptcy

Mealey's Asbestos Bankruptcy Bulletin: 3rd Circuit Upholds Conversion Of Skinner Bankruptcy To Chapter 7
Posted on 26 Jul 2012 by Mealeys

PHILADELPHIA - A bankruptcy court has the authority to determine at the disclosure statement stage that a Chapter 11 reorganization plan is unconfirmable without first holding a confirmation hearing if it is obvious that the plan is patently unconfirmable... Read More

Tags: Bankruptcy

5th Circuit: Fees Sought By Debtor's Attorney Properly Paid To Debtor's Lender
Posted on 25 May 2012 by Mealeys

NEW ORLEANS - A panel of the Fifth Circuit U.S. Court of Appeals on May 24 affirmed a bankruptcy court's ruling that a debtor's attorney was not permitted to recover approved legal fees because an underlying order authorized the trustee to pay... Read More

Tags: Bankruptcy

In re Atlas Computers, Inc., 2010 Bankr. LEXIS 1434 (Apr. 29, 2010)
Posted on 25 May 2010 by LexisNexis Bankruptcy Law Community Staff

LexisNexis Overview: Creditors' claim against a corporate debtor was disallowed where the claim was based upon an allegation that employees and agents of the debtor committed fraud against the creditors and converted their assets, as release of... Read More

United Student Aid Funds v. Espinosa, 2010 U.S. LEXIS 2750
Posted on 23 Mar 2010 by LexisNexis Bankruptcy Law Community Staff Core Terms: student loan, undue hardship, void, confirmation, adversary proceeding, notice, confirming, summons, jurisdictional, self-executing, confirm, Bankruptcy Rules, Rule Bkrtcy Proc, failure to serve, actual notice, confirmed, initiate... Read More

Schwab v. Reilly, 2010 U.S. LEXIS 4974 (June 17, 2010)
Posted on 17 Jun 2010 by LexisNexis Bankruptcy Law Community Staff

LexisNexis Overview: exemption, exempt, market value, property claimed, valuation, dollar amounts, estimate, column, interested party, full value, timely objection, dollar value, fresh start, kitchen, notice, estimated, assigns, cap, bankruptcy estate... Read More

Professor Christopher Frost Discusses Corporate Governance in Insolvency and Bankruptcy.
Posted on 13 Jul 2011 by LexisNexis Bankruptcy Law Community Staff

On this edition, Christopher W. Frost, Frost Brown Todd Professor of Law at the University of Kentucky College of Law discusses his recently authored Collier Monograph: Corporate Governance in Insolvency and Bankruptcy, published in May 2011 by LexisNexis... Read More

Sutherland Alert: U.S. District Court Affirms Lehman Ruling Raising Concern on Cross-Affiliate Netting
Posted on 18 Feb 2011 by Eversheds Sutherland LLP

by Paul Turner and Mark Sherrill A recent opinion by the U.S. District Court for the Southern District of New York affirms a 2010 ruling by the Lehman Brothers bankruptcy court, which rendered certain netting and setoff provisions unenforceable in bankruptcy... Read More

Bankruptcy and D&O Insurance
Posted on 4 May 2010 by Kevin M. LaCroix

According to statistics compiled by the American Bankruptcy Institute , over 60,000 businesses filed for bankruptcy in 2009, the highest annual number of business-related bankruptcies since 1993. By way of comparison, the 2009 business bankruptcy filing... Read More

Greatest Successes on the Road Out of Debt- Manny Pacquiao
Posted on 7 Dec 2010 by Ted Connolly

There's something about boxing that allows people with the hunger to greatly improve their personal circumstances. Perhaps it's the individual nature of the sport or the productive outlet that the sport provides. Whatever it is about boxing... Read More