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UI study finds 1970?s limits would've cut bankruptcies
In the 1970s, a person couldn't get a mortgage that was greater than 30% of his or her income — or get a car loan that required monthly payments of more than 10 percent of their income. Leicht says what happened over the past two decades is that many
Updated: 10/26/2011 05:21P
Dodgers, MLB Said to Agree to Restart Bankruptcy Settlement Negotiations
The bankruptcy judge overseeing the team's case today delayed until Nov. 29 a hearing over control of the team to allow the two sides to try to settle, said the people, who declined to be identified because the talks are private.
Updated: 10/26/2011 05:21P
MLB Accuses Frank McCourt of 'Looting' $189M from Dodgers
In a series of bankruptcy court filings, the league said McCourt siphoned $73 million in parking revenue through a private company. They also claim he used $61 million in team revenue to pay off personal debts and took another $55 million for personal
Updated: 10/26/2011 05:19P
New York's Peninsula Hospital Names New CFO
The announcement comes as the hospital and its new owner Brooklyn-based Revival Home Health Care undergo Chapter 11 bankruptcy proceedings and financial restructuring. In late September, Todd Miller was named CEO and chief restructuring officer,
Updated: 10/26/2011 05:12P
Cooley LLP | Cooley Partner Elected President of Turnaround Management Association
New York – October 26, 2011 – Cooley LLP announced today that Ronald Sussman, a partner in the firm's Bankruptcy & Restructuring practice, has been elected president of the Turnaround Management Association (TMA) effective Jan. 1, 2012.
Updated: 10/26/2011 05:11P
Businesses discover perils of group-buying fame
A Brisbane beauty salon owner is warning businesses about the pitfalls of group buying websites saying she was sent to the brink of bankruptcy by a deal gone sour. And, according to a dispute resolution company, she is not alone, as businesses find the
Updated: 10/26/2011 05:10P
VanEps Kunneman VanDoorne | $ 5.174 Billion settlement by Curacao Lehman
The bankruptcy trustees of Lehman Brothers Securities NV (“LBSN”), Michiel RB Gorsira and Robert F. van Beemen, have reached an agreement with Lehman Brothers Holdings Inc. (“LBHI”) to support LBHI's and its US affiliated debtors' Third Amended Plan.
Updated: 10/26/2011 05:10P
Donald Continues 'Marvelous Journey'
Donald, in a federal judicial career that began in US Bankruptcy Court in 1985, is a networker with a busy civic calendar. While avoiding any appearance of a conflict of interest, Donald's calendar off the bench also includes lots of contact with other
Updated: 10/26/2011 05:08P
Covanta Energy Objects To Harrisburg, Pa.'s Bankruptcy
s recent Chapter 9 bankruptcy petition, saying the city is prohibited by state law to file for bankruptcy. Covanta Harrisburg Inc., which is owed $23.6 million by the Pennsylvania capital, asked the bankruptcy court to dismiss the city's petition
Updated: 10/26/2011 04:58P
Dodgers bankruptcy hearing postponed until end of November
The fate of the Dodgers hangs in the balance for another month, after a Delaware judge postponed the bankruptcy hearing of the LA ball club. The showdown between the Dodgers and Major League Baseball will determine the fate of team.
Updated: 10/26/2011 04:53P
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