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Pa. Senate passes Harrisburg takeover bill; 1 more vote required before it can
Tom Corbett, who is expected to sign it into law. It is unclear how the measure will affect the city, now that a City Council petition is in federal bankruptcy court. Proponents say it'll force local officials to take responsibility for their affairs,
Updated: 10/18/2011 01:41P
Houston Complex Commercial Litigation Firm AZA Wins Bankruptcy Rulings for
AZA lawyers Demetrios Anaipakos and Kinan Romman won a two-day September trial in the US Bankruptcy Court for the Western District of Texas on behalf of Versata, a Dubai-based company that owns the intellectual property of Austin-based Think3.
Updated: 10/18/2011 01:21P
TH Properties objects to liquidation plan
TH Properties is asking a bankruptcy court judge to deny a request that it liquidate its assets to repay its creditors, saying it's nearing the end of its reorganization. The Lower Salford-based builder, which filed for Chapter 11 bankruptcy protection
Updated: 10/18/2011 01:18P
Pennsylvania Gets Low Rates as Harrisburg Defaults: Muni Credit
Oct. 18 (Bloomberg) -- Local governments in Pennsylvania, whose capital filed for bankruptcy, are borrowing at the lowest cost in five months, a sign investors expect such failures to be limited in the $2.9 trillion municipal-debt market.
Updated: 10/18/2011 01:11P
Judge Gives Indiana's Kentuckiana Medical Center One Month to End Bankruptcy
A federal bankruptcy judge recently warned that Kentuckiana Medical Center, a physician-owned hospital in Clarksville, Ind., must file a plan to end its bankruptcy by a Nov. 16 hearing, or it will not receive bankruptcy protection from the court,
Updated: 10/18/2011 01:09P
U.S. Legal Support Appoints CFO
At Enron, Apollo held many roles both pre- and post-bankruptcy. In 2008, Apollo founded Apollo Advisors LLC, which provided leadership for a number of clients in bankruptcy both liquidation and emergence, financial transformation integration and other
Updated: 10/18/2011 01:02P
Harrisburg Bankruptcy Under Contention
The City Council of Harrisburg, Pennsylvania's filed for bankruptcy on Wednesday, immediately triggering a response from Govenor Tom Corbett, who argued that the filing was illegal under state law. The city was plunged into financial debt mainly due to
Updated: 10/18/2011 01:02P
Federal Reserve Approves "Living Will" Rule for Nonbanks
The plans, which must be filed with the Federal Deposit Insurance Corporation, are required to include a description of actions the institution in question would take in the resolution in the event of a bankruptcy filing, which includes the company in
Updated: 10/18/2011 01:01P
High court says ATVs not exempt under bankruptcy law
A federal bankruptcy judge posed the question to Montana's high court to determine whether an ATV was a "sporting good" or a "motor vehicle" under Montana law regarding what creditors can seize from debtors in bankruptcy. It matters because Montana law
Updated: 10/18/2011 12:48P
Inner City Restructures, Hires Robert J. Maccini As Chief Restructuring Officer
Their attorneys indicated to bankruptcy judge SHELLEY CHAPMAN they plan to file a Chapter 11 this week. The judge in turn has agreed to move up hearings which will hasten the process. Informed sources say ICBC has not ruled out selling the stations as
Updated: 10/18/2011 12:31P
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