Latest Legal Advertising News
Insolvency law changes 'won't free bankrupts from all debt'
The Government is considering setting the new bankruptcy discharge period as low as just three years. This means that someone who is declared a bankrupt would end up with all their finances and control of their assets in the hands of a court-appointed
Updated: 10/19/2011 11:52P
Is Bankruptcy The Best Solution For AMR?
Management's unstated message: If labor unions do not moderate their demands (or accept concessions), the company ends up in bankruptcy court. The company is on track to lose $1.4 billion in 2011 and $1-$1.4 billion in 2012.
Updated: 10/19/2011 11:47P
Long Beach recovers part of Lehman loss, but has millions to go
The city is due to receive $576000 from an insurance policy for the company's directors and officers after settling part of a lawsuit late last month in US Bankruptcy Court in New York. Long Beach joined a group of California governments suing Lehman
Updated: 10/19/2011 11:39P
Beauty retailer files for bankruptcy
A hair-care and beauty products retailer, which has four locations in Orange County, earlier this month filed for Chapter 11 bankruptcy protection, according to a bankruptcy court document.
Updated: 10/19/2011 11:20P
Boston court rules against David Drumm
Mr. Drumm, who has filed for bankruptcy, had claimed that this was his main residence which would have entitled him to receive half a million dollars from the proceeds. David Drumm appealed to the court in an emergency motion to try to stop a recent
Updated: 10/19/2011 11:13P
Tennessee Electrified Truck Terminal Files for Bankruptcy After $400000
Both the state and EPA were apparently unaware that owner Rick Lewis had a history of legal and financial problems and had filed for bankruptcy. What was originally lauded as Tennessee's first electrified truck terminal is now boarded up.
Updated: 10/19/2011 10:50P
Judge OKs Lehman, BofA's $4.5B Claims Reduction Deal
Law360, New York (October 19, 2011, 9:10 PM ET) -- A New York federal bankruptcy judge signed off Wednesday on Bank of America Corp.'s agreement to reduce by $4.5 billion its derivative claims against Lehman Brothers Holdings Inc. over
Updated: 10/19/2011 10:32P
WBOC-TV 16, Delmarvas News Leader, FOX 21 - What American Airlines must do to
Shares of parent AMR Corp. dropped 7.5 percent, and they have fallen 66 percent this year as investors worry that the company could be headed for bankruptcy protection. AMR has nearly $5 billion in cash, more than many of its rivals and enough to avoid
Updated: 10/19/2011 10:24P
Poverty charities' concern over debt increases
The Accountant in Bankruptcy (AiB) data came as Shelter Scotland revealed that 5% of Scots, the equivalent to 207500 people, had opted to use credit cards to pay their mortgage or rent in the past year. AiB said there were 5378 personal insolvencies
Updated: 10/19/2011 10:11P
Scottish business failures hit a record high in third quarter
The total published by the Accountant in Bankruptcy yesterday beats the record set in the previous quarter, with a rise of 5.2%, and is more than 46% higher than the same period last year, with 347 liquidations and 14 receiverships.
Updated: 10/19/2011 10:05P
Primary Categories