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Resort Group Reaches Bankruptcy Truce With MetLife
owned MSR Resort Golf Course LLC asked a New York bankruptcy court on Friday to approve a key settlement with MetLife Inc. that would allow MSR to retain control of its Chapter 11 proceedings. The MetLife settlement “allows the debtors to pursue their
Updated: 10/11/2011 07:40P

Small Business Bankruptcy: Who Is Responsible for the Debt?
[From Small Business Bankruptcy, by John Skiba] Attorney and writer Donna Seyle gives us a bankruptcy case study in which “…under the doctrine 'piercing the corporate veil', (in bankruptcy it's known as 'substantive consolidation') the judge determined
Updated: 10/11/2011 07:37P

TNCI Tells Partners Commission Payments To Continue Despite Chapter 11 Filing
Trans National Communications International (TNCI), a telecom reseller and VoIP provider, reassured partners on Tuesday that commission payments will continue in the wake of its Chapter 11 bankruptcy protection filing.
Updated: 10/11/2011 07:34P

WaMu Judge Names New Jersey Bankruptcy Judge as Mediator
Oct. 11 (Bloomberg) -- Washington Mutual Inc.'s bankruptcy judge appointed a fellow judge to try to settle differences among shareholders, hedge funds and other creditors of the former owner of the biggest US bank to fail.
Updated: 10/11/2011 07:32P

Dodgers Duel With Fox, MLB, Sinatra Heirs in Court Filings
The team wants court permission to auction future television rights to raise enough money to exit bankruptcy. Fox, Selig and the Ad Hoc Committee of Season Ticket Holders asked US Bankruptcy Judge Kevin Gross in Wilmington, Delaware, to say no.
Updated: 10/11/2011 07:01P

Regulators warn Utah seniors about fraud
Bankruptcy court documents allege that a Kaysville businessman may have operated a Ponzi scheme that took in $65 million from 700 investors, a number of whom lost their life savings. Now, the Utah Division of Securities is warning seniors to watch out
Updated: 10/11/2011 06:59P

Kodak Denies Bankruptcy Rumors
Film giant Eastman Kodak has hired law firm Jones Day to explore its financial options, a decision that some speculate could find that company moving towards bankruptcy. The move caused the company's shares to plunge 54 percent, largely because Jones
Updated: 10/11/2011 06:59P

Repo man seizes city streetlights
Some examples: Vallejo, Calif., was likely the first municipal bankruptcy in recent years. It filed in 2008 at an eventual cost of $9.5 million in legal fees and still has to pay many of its debts. The city of Central Falls, RI, filed for bankruptcy in
Updated: 10/11/2011 06:56P

Bistrow named lawyer of year by 'Best Lawyers'
Best Lawyers recently named Foley & Lardner LLP partner Mikel R. Bistrow as San Diego's "Litigation - Bankruptcy Lawyer of the Year” for 2012.
Updated: 10/11/2011 06:50P

Proskauer Nabs McDermott Bankruptcy Pro
Law360, New York (October 11, 2011, 6:44 PM ET) -- Proskauer Rose LLP announced Monday that it had tapped a former McDermott Will & Emery LLP bankruptcy partner to join its expanding banking and restructuring group in New York.
Updated: 10/11/2011 06:45P

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