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Seven Principles for Avoiding Bankruptcy
Between 2006 and 2010, more than 208000 companies filed for bankruptcy, according to the American Bankruptcy Institute. The annual rate of bankruptcies has nearly tripled during this period, with no end in sight. And the total number, staggering in
Updated: 10/27/2011 12:51P
Regulator Mulls Forgiving Mortgage Debt
As the Obama administration moves towards helping more borrowers refinance, talks of principal forgiveness have reemerged, seen by some as an effective tool in slowing the pace of foreclosures. Representative Zoe Lofgren, a California Democrat,
Updated: 10/27/2011 12:46P
Madoff Family May Keep $82 Million Under Mets Ruling Limitation
"These arguments implicate the questions about how to integrate the securities and bankruptcy laws," Rakoff wrote in an order. Under securities law, some withdrawals from a brokerage firm may be protected from clawbacks, he has said.
Updated: 10/27/2011 12:45P
Portsmouth project files for bankruptcy protection
The developers of Montgomery Square in downtown have filed for bankruptcy protection to avoid a foreclosure sale today on part of their $18 million project. An auction on a large portion of the properties, which comprise almost an
Updated: 10/27/2011 12:42P
Glenn E. Davis and David A. Lander of Gallop Law Firm Chosen Among Top 'Super
Chief Justice of the US Supreme Court John G. Roberts, Jr. recently appointed Mr. Lander to serve a second, three-year term on the influential Advisory Committee on Bankruptcy Rules, a unit of the nation's Judiciary system whose members develop policy
Updated: 10/27/2011 12:31P
US Bankruptcy Court judge orders Ch. 11 trustee over EpiCentre's owners
She has not been appointed to investigate Blue Air's allegations. But Hodges reserved the right to assign that task at a later date, if necessary. Susan Stabley covers growth and the environment, and residential real estate for the Charlotte Business
Updated: 10/27/2011 12:23P
Madoff Family May Keep $82M Under Mets Ruling
“These arguments implicate the questions about how to integrate the securities and bankruptcy laws,” Rakoff wrote in an order. Under securities law, some withdrawals from a brokerage firm may be protected from clawbacks, he has said.
Updated: 10/27/2011 12:19P
Owners may be "stuck" with dissolved company's debt
Although this decision is from a bankruptcy court and involves egregious conduct on the part of the debtors, the lesson here is that directors, officers and shareholders may be jointly and severally liable for corporate debts if they fail to provide
Updated: 10/27/2011 12:19P
Hawaii News Now - KGMB and KHNL HomeSt. Francis Sisters no longer to run
HONOLULU (HawaiiNewsNow) - The St. Francis Sisters say they can no longer continue to fund the operations of Hawaii Medical Center under the reorganization plan approved in June by federal bankruptcy court.
Updated: 10/27/2011 12:15P
Court sides with racinos in tax dispute with state
A federal bankruptcy court has sided with two Indiana racinos in a dispute over their tax burdens, a ruling that could reduce the total amount they pay into state coffers by as much as $30 million per year. In his ruling Wednesday in US bankruptcy
Updated: 10/27/2011 12:14P
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