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Fulbright & Jaworski LLP | "Modification or Discharge of Debt in a Chapter 9
Chapter 9 of the US Bankruptcy Code addresses these issues for a "municipality," which is defined broadly to be a "political subdivision or public agency of instrumentality of a state." Fulbright's Municipal Bankruptcy and Insolvency Practice Group
Updated: 10/25/2011 08:39P
Lewis Silkin LLP | Terminating a US Contract for Insolvency
In the US, when a company is unable to service its debt or pay its creditors, the company or its creditors can file for protection under either Chapter 7 or Chapter 11 of the US Bankruptcy Code. In Chapter 7, the business ceases to operate.
Updated: 10/25/2011 08:39P
Former UB40 Vocalist Ali Campbell Declared Bankrupt by British Court
Yesterday marked his official bankruptcy at the decision of the same Birmingham court that declared his other former band members bankrupt last week. The UB40 members' bankruptcy stems primarily from the failure of DEP International,
Updated: 10/25/2011 08:39P
Harrisburg mayor seeks help to avert takeover
The city council filed for bankruptcy this month over the objections of Mayor Linda Thompson, and Pennsylvania Governor Tom Corbett signed legislation last week allowing him to declare the fiscal emergency as a step toward a takeover.
Updated: 10/25/2011 08:38P
California lifts suspension of green energy tax credit
Members of a state commission unanimously voted to lift a month-long suspension of an alternative energy-related tax credit that had been imposed following the bankruptcy of Solyndra, a politically connected California solar panel company.
Updated: 10/25/2011 08:38P
Free steak dinner at Hooters
It could be them going out with a bang (with bankruptcy looming and all that), but the Hooters Hotel & Casino is giving away free steak dinners to any non-local. Just stop by, show your out-of-state ID, sign up for a player's card (it's free,
Updated: 10/25/2011 08:17P
Dodgers bankruptcy documents name Bryan Stow's lawsuit as key
Dodgers owner Frank McCourt looted nearly $190 million from the Los Angeles team, using the money for non-baseball use in violation of Major League Baseball rules, according to Delaware bankruptcy court documents filed on Monday.
Updated: 10/25/2011 08:12P
Business Highlights
Click here Business Highlights Published: October 25, 2011 7:23 PM By The Associated Press The Associated Press () ___ Just in time for the holidays, a bad economic mood NEW YORK -- Americans say they feel worse about the economy than they have since
Updated: 10/25/2011 08:06P
The Bankruptcy Files: Money, Poultry, Power—and Murder Inc.
Corporate bankruptcy filings have dropped by an average of 3.2 percent per quarter in the roughly two years since they hit a 15-year peak in mid-2009, according to data released by the American Bankruptcy Institute and analyzed this week by sibling
Updated: 10/25/2011 08:00P
Frank McCourt ... accused by lawyers for Major League Baseball. Photo: Getty
Frank McCourt, the Los Angeles Dodgers owner, "looted" the club of about $US190 million ($180 million), lawyers for Major League Baseball contend in a US Bankruptcy Court filing. The league made the accusation yesterday in a 61-page brief in Wilmington
Updated: 10/25/2011 07:57P
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