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Katten Muchin Rosenman LLP | Lehman Brothers Court, Building on SemCrude and
The United States Bankruptcy Court for the Southern District of New York (the Court), has held that section 553(a) of the Bankruptcy Code prohibits a swap counterparty from setting off amounts owed to the debtor against amounts owed by the debtor to
Updated: 10/11/2011 04:00P
Cerberus, Innkeepers Trial Over Buyout Delayed to Tomorrow
The trial will begin tomorrow at 10 am in US Bankruptcy Court in Manhattan, according to court papers filed today. US Bankruptcy Judge Shelley Chapman earlier told lawyers that the trial, set to begin today at 10 am, was pushed back to 4 pm The start
Updated: 10/11/2011 03:51P
Owners of Jackson-area station file for bankruptcy
The company also has stations in St. Louis, Evansville, Ind., and Columbia, SC The company filed for Chapter 11 bankruptcy in St. Louis. Roberts Broadcasting is one of several businesses owned by St. Louis natives Michael and Steven Roberts.
Updated: 10/11/2011 03:49P
STUDY: Poor Families Can't Even Afford Bankruptcy
a review by the American Sociological Association, titled "Too Poor to Go Broke"): "The authors claim that poor families are much less likely to seek debt relief through bankruptcy because they often cannot afford to pay the necessary legal fees.
Updated: 10/11/2011 03:47P
Frank Addresses Nashville Bar on Bankruptcy and Divorce
Divorce Financial Expert Rosemary Frank addressed the Nashville Bar Association, at their annual Family Law Institute on October 6, 2011, on the topic of Bankruptcy and Divorce. Her comments focused on bankruptcy which may be caused by divorce and
Updated: 10/11/2011 03:47P
Strategic Insight Eyeing Several FRC Product Lines
Having gone into bankruptcy, Financial Research Corp. is now being evaluated by Strategic Insight parent Asset International for potential purchase. Asset International, however, is only interested in purchasing certain FRC research
Updated: 10/11/2011 03:45P
The orchestra and all the things that can go wrong on the way to opening night
You're spending all your time in bankruptcy court or in labor talks with your musicians. But you plan an opening night concert anyway. Your stagehands go on strike. Then they're back. Or are they? You're not sure. So you move your opening night concert
Updated: 10/11/2011 03:44P
Innkeepers, Cerberus push trial to Wednesday
The trial now is set for 10 am Wednesday in US Bankruptcy Court in Manhattan, according to a court filing. Attorneys for Innkeepers and Cerberus confirmed the delay. Innkeepers sued Cerberus and Chatham after they walked away from a $1.12 billion deal
Updated: 10/11/2011 03:21P
New bankruptcy ripples may emerge in tough US economy
Three years after the collapse of Lehman Brothers touched off a tidal wave of bankruptcy filings, corporate failures may be about to pick up again, with some big-name companies among those struggling for survival. Companies in a range of businesses,
Updated: 10/11/2011 03:19P
MLB ends effort to disqualify attorneys
Attorneys for Major League Baseball are no longer trying to disqualify attorneys representing the Los Angeles Dodgers in the team's bankruptcy case. In a stipulation filed this week in advance of a Wednesday hearing, league attorneys said they were
Updated: 10/11/2011 03:13P
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