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...
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 ...
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...
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...
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...
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...
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...
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...
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...
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...
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...
by Paul Turner and Mark
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...
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...
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...