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Bankruptcy – Plan – Modification of lien
By Tom Egan Where a creditor has objected to the debtor's reorganization plan on the grounds that it is unfeasible, does not satisfy the present value requirements of 11 USC §1129(b) and impermissibly attempts to modify the creditor's lien,
Updated: 09/30/2011 04:31P
New US Post Office Ads Warn Us About the Dangers of Email
The US Postal Service, near bankruptcy and losing billions of dollars every quarter pushing a product no one wants, unveiled today its new strategy to regain some relevance. That strategy involves scaring consumers
Updated: 09/30/2011 04:20P
McCourt vs. MLB: Judge could decide winner in November
Frank McCourt could know by mid-November whether he can retain ownership of the Dodgers, according to a schedule set forth Friday by the US Bankruptcy Court. In his order, Judge Kevin Gross set a four-day hearing -- Oct. 31, Nov. 1, Nov. 2 and Nov.
Updated: 09/30/2011 04:20P
Kodak Shares Plunge On Fears It Will File For Bankruptcy
A spokesman for Kodak declined to say why it hired the law firm, and told the Journal that “as we sit here today, the company has no intention of filing for bankruptcy.” Kodak today fell 91 cents, or 53.8%, to 78 cents. For the week, the stock is down
Updated: 09/30/2011 04:20P
North American Petroleum Corporation USA ("NAPCUS") Announces Implementation
On September 21, 2011, a recognition order was issued under the Companies' Creditors Arrangement Act, Canada in respect of the order obtained in the Bankruptcy Court. The Chapter 11 Plan became effective September 30, 2011.
Updated: 09/30/2011 04:18P
Your Comments: Friendly Ice Cream Corp. refuses to confirm bankruptcy report
WILBRAHAM – The Friendly Ice Cream Corp. is considering filing for Chapter 11 bankruptcy protection that potentially would result in the sale of the company, according to a report published Thursday in the Wall Street Journal. A bankruptcy filing could
Updated: 09/30/2011 04:15P
Friendly's To Declare Bankruptcy
Law360, New York (September 30, 2011, 3:02 PM ET) -- Casual restaurant chain Friendly's is reportedly gearing up to declare Chapter 11 bankruptcy and could file documents as early as Monday, the Wall Street Journal reported
Updated: 09/30/2011 04:12P
Teltronics files motions in bankruptcy case
BY HERALD STAFF PALMETTO - Teltronics, the Palmetto company that filed for bankruptcy protection in July, filed a request Thursday for an exception to a rule that requires debtors to provide 28 days' notice to its creditors of reorganization plans.
Updated: 09/30/2011 04:10P
Kodak plummets 54% on bankruptcy rumors
The Wall Street Journal said Friday that Kodak had hired law firm Jones Day for restructuring. Bloomberg said the company hasn't officially hired a firm yet, but that bankruptcy is among the options being considered. A representative for Jones Day
Updated: 09/30/2011 04:09P
Orion Energy Systems (OESX) Doesn't Expect Impact from Bankruptcy of Solyndra
Orion Energy Systems, Inc. (NYSE Amex: OESX) does not expect to be adversely impacted by the bankruptcy of solar panel manufacturer, Solyndra, Inc. “Although Solyndra was our primary vendor for PV solar panels that we installed for many of our
Updated: 09/30/2011 04:06P
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