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Insolvency Service “reframes” view of creditor – IPs can apply their discretion (UK)

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Brief Update: Lenders Prevail in Philadelphia Newspapers Auction

After much litigation and legal maneuvering, the Senior Secured Lenders prevailed at the auction for Philadelphia Newspapers. The Lender’s winning bid is for approximately $139 million, and the parties expect to close on the sale by late June. To

Brief Update: Lenders Prevail in Philadelphia Newspapers Auction

After much litigation and legal maneuvering, the Senior Secured Lenders prevailed at the auction for Philadelphia Newspapers. The Lender’s winning bid is for approximately $139 million, and the parties expect to close on the sale by late June. To

US Government v. Goldman Sachs — Testifying is No Fun!

While this Blog generally focuses on bankruptcy-related issues, I thought it would be interesting to provide some of the key information about the Government’s fraud investigation into Goldman Sachs; after all, the subprime debacle caused the most

US Government v. Goldman Sachs — Testifying is No Fun!

While this Blog generally focuses on bankruptcy-related issues, I thought it would be interesting to provide some of the key information about the Government’s fraud investigation into Goldman Sachs; after all, the subprime debacle caused the most

US Government v. Goldman Sachs — Testifying is No Fun!

While this Blog generally focuses on bankruptcy-related issues, I thought it would be interesting to provide some of the key information about the Government’s fraud investigation into Goldman Sachs; after all, the subprime debacle caused the most

Unfair football creditors rule?

Portsmouth FC's administrators' proposals to creditors make fascinating reading. Their accessibility highlights the Football Association's football creditors rule, which requires players, clubs and agents to be paid often very large sums in full

Where Should You Go To Find A Bankruptcy Attorney?

Do you think that you might need a bankruptcy attorney? Would you like some help finding one? If you are an individual who might be in financial distress, whether it is from unemployment, a failing business, a divorce, illness, or any other of the

New Statistics Demonstrate a Surge in the Rate of Business Bankruptcy Filings

The Federal Court System's Newsletter has an interesting article in the April 2010 edition titled " By the Numbers - Changes in Business Bankruptcies". The article includes recent statistics documenting the fact that the rate of business bankruptcy

Kentucky City Contemplates Bankruptcy

The City of Crab Orchard in Lincoln County, Kentucky is considering bankruptcy according to a Report from WBKO.com. Crab Orchard is struggling with debt arising out of a failed industrial project. Crab Orchard's Mayor has stated that the City cannot

Debtor Proposes Sale of Kentucky Derby Favorite Through Bankruptcy Court

The horse Eskendereya is one of the favorites to win this year's Kentucky Derby. Eskendereya is owned by Zayat Stables, LLC, which filed a Chapter 11 bankruptcy in February. ESPN's website (an interesting source for bankruptcy news) is reporting that