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

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As Predicted, GM Files for Chapter 11 Today

GM filed for Chapter 11 bankruptcy protection today in the United States Banrkuptcy Court for the Southern District of New York at 09-50026. A copy of the petition is here, and a copy of the GM press release describing the bankruptcy proceedings are

As Predicted, GM Files for Chapter 11 Today

GM filed for Chapter 11 bankruptcy protection today in the United States Banrkuptcy Court for the Southern District of New York at 09-50026. A copy of the petition is here, and a copy of the GM press release describing the bankruptcy proceedings are

GM, US Treasury and (Some) Bondholders Strike Deal: Bankruptcy on Monday? You Bet.

According to Bloomberg.com, U.S. Treasury and some of GM’s bondholders reached a deal today that will permit GM to file for bankruptcy on Monday, June 1, 2009 (Of course, notwithstanding this “deal”, GM would likely have filed by then anyway, but

GM, US Treasury and (Some) Bondholders Strike Deal: Bankruptcy on Monday? You Bet.

According to Bloomberg.com, U.S. Treasury and some of GM’s bondholders reached a deal today that will permit GM to file for bankruptcy on Monday, June 1, 2009 (Of course, notwithstanding this “deal”, GM would likely have filed by then anyway, but

GM, US Treasury and (Some) Bondholders Strike Deal: Bankruptcy on Monday? You Bet.

According to Bloomberg.com, U.S. Treasury and some of GM’s bondholders reached a deal today that will permit GM to file for bankruptcy on Monday, June 1, 2009 (Of course, notwithstanding this “deal”, GM would likely have filed by then anyway, but

Single Asset Real Estate Debtors: Challenges in the Bankruptcy Code

Unlike retailers and manufacturers that file for chapter 11 protection, real estate owners and developers must be mindful of the restrictions and special expedited procedures the Bankruptcy Code imposes upon debtors whose estates consist of a single

"Stub Rent" Considered Administrative Expense Obligation by Delaware District Court

The United States District Court for the District of Delaware, in Goody’s Family Clothing, Inc. et al. v. Mountaineer Prop. Co. II, LLC, et al. (In re Goody’s Family Clothing, Inc. et al.), 2009 WL 903370 (D. Del. March 31, 2009), held that “stub”

Second Circuit Finds Termination Premiums Non-Dischargeable in Bankruptcy

On April 8, 2009, the United States Court of Appeals for the Second Circuit, reversing a ruling by the United States Bankruptcy Court for the Southern District of New York, concluded that certain “termination premiums” due to the Pension Benefit

STOP THE MADNESS - DON'T MAKE PROMISES YOU CAN'T KEEP!

There are a number of things a person should not do when considering bankruptcy or when bankruptcy is a solution but one you wish to avoid. The bill collectors are hounding you with a barrage of telephone calls, in many cases they are breaking the

Lobbyists Win and Congress Screws Its Constituents

Parties in control of Congress change, politicians that control the parties change, but it appears regardless of which party has the upper hand, the one thing that never changes is the people behind the scenes controlling the show. The bankruptcy