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IN RE BLACKMON
AmeriCredit argues that the debtors purchased vehicles shortly before their bankruptcy filings, and then proposed Chapter 13 plans which would repay AmeriCredit at interests rates much lower than the contract interest rates.
Updated: 09/30/2011 08:31A
ODION v. VARON
The trial court dismissed all counts against CPL on the ground that they were filed in violation of an automatic bankruptcy stay provided by 11 USC § 362. Odion enumerates this ruling as error in his first enumeration. Applying the de novo standard of
Updated: 09/30/2011 08:28A
IN RE PONTON
In late November of 2009, Donnell and Pertanial Ponton filed for protection under Chapter 13 (11 USC §§ 1301-30) of the United States Bankruptcy Code. 1 Their voluntary petition noted that the sole piece of real property owned by the couple,
Updated: 09/30/2011 08:27A
Bankruptcy – Sale proceeds
a turnover of $40000 in funds from the sale of property once belonging to the Holy Annunciation Monastery Church of the Golden Hills, the funds are not part of the bankruptcy estate and consequently the adversary proceeding should be dismissed.
Updated: 09/30/2011 08:20A
Business News: Friendly's Filing Chapter 11?
Friendly's will reportedly file for Chapter 11 bankruptcy protection as soon as next week. The Wilbraham chain may seek to be sold at an auction. Sun Capital Partners Inc., of Boca Raton, Fla. bought Friendly's for $337.2 million in 2007.
Updated: 09/30/2011 08:15A
Crushing Debt Forces Paul Estridge Jr. Into Bankruptcy
Half a year after closing the sales operations at his four decade year old company, The Estridge Group, Paul Estridge Jr. has just declared bankruptcy. Guarantees Paul made on some bad loans to The Estridge Group forced bankruptcy.
Updated: 09/30/2011 08:12A
Report: Friendly's may be filing for Chapter 11
The venerable Friendly's restaurant chain, which started as a single shop in Wilbraham, Mass., in 1935, is considering filing for federal bankruptcy protection. The Wall Street Journal is reporting that the filing may take as early as next week.
Updated: 09/30/2011 08:08A
Courts: Twin River emerges from bankruptcy
US Bankruptcy Court Judge Arthur N. Votolato first aimed his ire at Twin River executives in June when he said they made conflicting public statements about the financial health of the Lincoln gambling operation. Votolato contended the executives
Updated: 09/30/2011 08:08A
Residents plead case against tax increases
Part of that plan, besides massive spending cuts, is a 4.5-percent property tax increase this year and 4-percent annual increases for the next four years. After a 19-percent increase in the local tax burden from last year's property and motor-vehicle
Updated: 09/30/2011 08:04A
Dallas Stars, L.A. Dodgers Make Delaware Home Court for Sport Bankruptcies
Tribune, a Chicago-based newspaper publisher, was burdened by debt from a 2007 leveraged buyout led by real-estate billionaire Sam Zell. After Tribune worked out a deal to sell control of the Cubs, the team entered court protection to complete the deal
Updated: 09/30/2011 08:02A
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