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How to end AA's decline?
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: 10/20/2011 07:49A
Smack-down of a straitjacket
Postconfirmation liquidation and litigation trusts have become an important mechanism in a chapter 11 bankruptcy estate's arsenal, allowing for the resolution of claims and interests without needlessly delaying confirmation in the interim.
Updated: 10/20/2011 07:49A
History matters: historical breaches may undermine assumption of executory
Before the 2005 amendments to the Bankruptcy Code, courts were split over whether historic nonmonetary breaches (such as a failure to maintain cash reserves or prescribed hours of operation) undermined a debtor's ability to assume the lease or contract
Updated: 10/20/2011 07:49A
Greek creditors recommend loan payout
AP BERLIN — Greece will get its next batch of international bailout loans but its second rescue package may not be enough to save it from bankruptcy, according to a draft of a debt inspectors' report obtained Thursday by The Associated
Updated: 10/20/2011 07:45A
IN RE SUPERIOR OFFSHORE INTERNATIONAL, INC.
Triumph Marine, Inc. seeks to file a lawsuit for contractual defense and indemnity, nominally against the Debtor, Superior Offshore International, Inc. To file the lawsuit, Triumph seeks to have the plan injunction in Superior's bankruptcy case amended
Updated: 10/20/2011 07:44A
IN RE SHIRLEY
The Judgment also directed that the Plaintiff recover the avoided transfer for the benefit of the Chapter 11 bankruptcy estate pursuant to 11 USC § 550(a)(1) (2006) and that the Defendant transfer her interest in Caney Creek Tract 1 back to the Debtors
Updated: 10/20/2011 07:44A
IN RE DECKELBAUM
The defendant filed for relief under chapter 7 of the Bankruptcy Code on July 29, 2010. On February 28, 2011, two adversary proceedings were commenced against the defendant. SilverDeer, LLC; SilverDeer Management, LLC; and Howard A. Jacobson
Updated: 10/20/2011 07:44A
IN RE STOVER
The Debtors filed for relief under Chapter 13 of the Bankruptcy Code on August 15, 2011. 2. On Schedule D of their bankruptcy schedules, the Debtors listed Creditor, TNT Auto Sales, Inc. (TNT), as a creditor holding a lien on a 1998 Dodge Caravan,
Updated: 10/20/2011 07:44A
IN RE ANDERSON
Movant's contention is that fees due her for that service comprise a Domestic Support Obligation under 11 USC § 523(a)(5), and are therefore not subject to the bankruptcy automatic stay. Debtor disagrees. The parties briefed the legal issue,
Updated: 10/20/2011 07:44A
IN RE McGUIRE
Richard Rudolph McGuire ("Debtor") filed for Chapter 7 bankruptcy protection on July 8, 2010. Upon filing, Eugene Crane was appointed as Chapter 7 Trustee ("Plaintiff). On October 22, 2010, Plaintiff filed an adversary proceeding, Crane v.
Updated: 10/20/2011 07:44A
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