Headlines
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May 21, 2013
Charlie Ergen, chairman of satellite-TV provider Dish Network Corp., made a $2 billion bid for radio frequencies from LightSquared Inc., the bankrupt wireless-broadband company owned by Philip Falcone’s hedge-fund firm, Bloomberg News reported yesterday. Ergen has offered to buy the spectrum even...
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May 21, 2013
A bankruptcy judge said yesterday that he would lift the bankruptcy law’s automatic stay provision to allow an Ohio judge to issue his decision on whether a receiver should take control of the deep-sea exploration company Columbus Exploration LLC, the Wall Street Journal reported yesterday. It...
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May 21, 2013
Arcapita Bank said that an energy company's fraud claim stemming from Arcapita's sale of Texas natural-gas assets should be pushed behind the claims of other creditors, Dow Jones Daily Bankruptcy Review reported today. In a court filing last week, Arcapita took on Tide Natural Gas Storage LP's...
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May 21, 2013
The embattled hedge fund SAC Capital Advisors is bracing itself for another round of withdrawal requests from investors after disclosing that it would no longer fully cooperate with the government’s scrutiny of its trading practices, the New York Times DealBook blog reported today. SAC’s investors...
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May 21, 2013
Comedian Sinbad filed for bankruptcy for the second time since 2009, TMZ.com reported yesterday. Sinbad (real name David Adkins) filed for chapter 13 bankruptcy last month, claiming he owes $10,991,715 in debt and only has $131,000 in assets. The 56-year-old comedian—famous for his roles in '90s...
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May 20, 2013
Banks have paid less than half the $5.7 billion in cash owed to troubled homeowners under nearly 30 settlements brokered by the government since 2008, delaying help to the millions of victims of discrimination and shoddy lending that epitomized the housing crisis, according to a Washington Post...
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May 20, 2013
California Public Employees’ Retirement System (Calpers), the biggest U.S. public pension fund, is trying to ban a law firm from representing a creditor in the bankruptcy of San Bernardino, Calif., Bloomberg News reported on Friday. Calpers accused the law firm of Winston & Strawn LLP of being...
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May 20, 2013
Bond restructurings, negotiated settlements with bondholders and bond insurers, and tough talk with unionized workers are on the agenda as Detroit's emergency financial manager tries to meet a self-imposed, six-week deadline to decide whether the city can get through its financial crisis without a...
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May 20, 2013
Revstone Industries LLC will continue to control its bankruptcy case for at least two more months as it seeks to auction a group of its assets, Dow Jones Newswires reported on Friday. Bankruptcy Judge Brendan Shannon said on Thursday that Revstone will have the exclusive right to file a chapter 11...
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May 20, 2013
Some of the nation's largest banks, including Wells Fargo & Co., suspended foreclosure sales in a number of states following guidance issued last month by federal banking regulators, the Wall Street Journal reported on Saturday. While some foreclosures have since resumed, the halt marks the...
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May 20, 2013
The Oreck family is rallying to take back their namesake vacuum-cleaner company from private equity owners in a deal valued at $22 million — a price that founder David Oreck hints is cheaper than what he sold the business for a decade ago, the Wall Street Journal reported on Friday. Oreck has never...
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May 20, 2013
Victorville, Calif., was the fastest growing U.S. city in 2007 after New Orleans, jumping 9.5 percent in 12 months to more than 100,000, just before the financial crisis, Bloomberg News reported on Friday. Foreclosures are running at more than double the national rate, according to RealtyTrac Inc....
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Most Recent Bankruptcy Brief Newsletters
| Brief |
Date |
|---|---|
| ABI Launches Redesigned and improved ABI Update | February 25, 2003 |
| ABI Forwards New Proposal to Hill | February 28, 2003 |
| House Hearing Today Begins Next Round On Reform Effort | March 4, 2003 |
| Judiciary Committee Holds Bankruptcy Reform Hearing | March 6, 2003 |
| House Sets Full Committee Markup for Tomorrow; Hearing Testimony Available Online | March 11, 2003 |