Bankrupt Detroit Faces Water and Sewer Bond Restructure
Detroit’s $3.7 trillion dollar muni-bond market is facing trouble. Detroit’s emergency manager Kevyn Orr is battling insurers, individual investors and…
bankruptcy
Casey Anthony Avoids Selling Rights to Her Life Story to Pay Creditors
This week Casey Anthony agreed to settle a dispute regarding the rights to her life story. If her life story…
Detroit Goes Broke, Files Chapter 9 Bankruptcy
On Thursday, Detroit became the largest American city to file for Chapter 9 bankruptcy protection. Law firm Jones Day is…
Howrey Trustee Files 33 Lawsuits to Recover Funds
In advance of the statute of limitations, Howrey’s bankruptcy trustee has filed 33 lawsuits in an attempt to recover millions…
A Settlement Comes in Dewey LeBoeuf Bankruptcy
In the latest development in the saga of the failure of Dewey LeBoeuf, a settlement has been approved by a…
Vacuum Company Oreck Files For Bankruptcy
It seems that Oreck Corp., known for their household vacuum cleaners, can’t stop debtors from vacuuming up all their money.…
Creditors Could Get Paid in Full After Lehman Brothers Collapse
When the U.S. investment bank Lehman Brothers collapsed in 2008, the global financial system collapsed with it, to a degree,…
Fisker Automotive Inc. Closing in on Bankruptcy
The manufacturer of plug-in hybrid sports cars, Fisker Automotive Inc., is preparing to file for bankruptcy protection, according to The…
MF Global Presenting Bankruptcy Exit Plan to Court
On Friday, MF Global Holdings will ask for court approval of a liquidation plan for its assets and repayment of…
Protesters March in Detroit against Emergency Law
On Thursday, protesters in Detroit came out in support of a lawsuit filed on Wednesday challenging Michigan’s emergency manager law.…
Court Okays American Airlines-US Airways Merger
On Wednesday, U.S. Bankruptcy Judge Sean Lane approved AMR Corp’s plan to merge with the US Airways Group, while at…
Estate of Dewey Wants to Defeat Claims by Former Partners
In a filing on Thursday, lawyers for the Dewey & LeBoeuf estate went after 18 former partners who refuse to…