Recent Updates
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Bankruptcy judge approves Visteon disclosure plan
Bankruptcy 06/28/2010A Delaware bankruptcy court judge on Friday cleared the way for auto parts supplier Visteon Corp. to begin soliciting votes on its proposed reorganization plan, which would leave unsecured bond holders in control of the company.Overruling objections ...
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FDIC, WaMu reach agreement on bankruptcy plan
Bankruptcy 05/22/2010The FDIC said on Friday the agreement settles claims between the bankrupt bank's holding company and JPMorgan Chase, which acquired the failed bank.The FDIC is involved because it was appointed receiver of Washington Mutual in September 2008, during ...
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WaMu files amended Chapter 11 plan
Bankruptcy 05/17/2010Bank holding company Washington Mutual Inc. has filed an amended Chapter 11 reorganization plan.The plan filed Sunday in Delaware bankruptcy court is based on a settlement involving WMI, the Federal Deposit Insurance Corporation and JPMorgan Chase Ba...
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U.S. Supreme Court confirmation in about 100 days
Bankruptcy 05/10/2010It takes an average of about 100 days from the time a U.S. Supreme Court justice announces his or her retirement until the Senate confirms a replacement, according to Senate Judiciary Committee.President Barack Obama on Monday nominated Solicitor Gen...
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Bryan A. Lowe & Associates - Las Vegas bankruptcy Lawyer
Bankruptcy 03/17/2010The firm was founded on a philosophy of service that not only emphasizes quality representation in terms of experience and expertise - but places a high value on initiating appropriate actions to meet the client's legal needs and objectives. Particul...
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Court upholds lawyer bankruptcy advice law
Bankruptcy 03/08/2010The Supreme Court on Monday unanimously upheld part of the U.S. bankruptcy law that bars attorneys from advising clients to take on more debt while considering a bankruptcy filing.The opinion by Justice Sonia Sotomayor reverses a ruling by a U.S. app...
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Judge OKs Denver Post publisher's bankruptcy exit
Bankruptcy 03/05/2010A federal judge has approved Affiliated Media Inc's bankruptcy reorganization plan, clearing the way for the publisher of the Denver Post and San Jose Mercury News to emerge from Chapter 11 protection this month.Judge Kevin Carey of the U.S. Bankrupt...
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Penton Media gets bankruptcy plan OK, to exit soon
Bankruptcy 03/05/2010Penton Business Media Holdings Inc, a publisher of 113 trade magazines such as Ward's AutoWorld, Restaurant Hospitality and National Hog Farmer, won court approval of its reorganization plan, and expects to emerge from bankruptcy within a few days.Ju...
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Court OKs MediaNews parent’s Chapter 11 plan
Bankruptcy 03/04/2010A U.S. Bankruptcy Court judge Thursday approved the reorganization plan of the holding company of Denver’s MediaNews Group Inc., publisher of The Denver Post, the company said.Confirmation of the “pre-packaged” plan by Judge Kevin Carey of U.S. Bankr...
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Lehman bankruptcy advisers paid $641.9m
Bankruptcy 02/22/2010Alvarez & Marsal LLC, the liquidator of bankrupt Lehman Brothers Holdings Inc., has collected $233 million in fees for “interim management” over 16 months, according to a regulatory filing.The restructuring firm, which provided Lehman with its cu...
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Court Clears 'Florida Times-Union' Parent to Exit Bankruptcy
Bankruptcy 02/18/2010Morris Publishing Group's reorganization plan was confirmed in U.S. Bankruptcy Court in Augusta, Ga. Wednesday, clearing the way for the parent of The Florida Times-Union in Jacksonville and a dozen other dailies to emerge from bankruptcy as soon as ...
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Movie Gallery in Chapter 11, closing stores
Bankruptcy 02/03/2010The nation’s second largest video chain submitted a Chapter 11 petition to the bankruptcy court in Richmond yesterday. Movie Gallery, which also owns Hollywood Video, has headquarters in Oregon.Movie Gallery owns 16 locations in the Richmond area, an...