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Ala. county votes for bankruptcy
By AP Leaders of Alabama's most populous county on Wednesday voted to declare an estimated $4.1 billion bankruptcy, the largest for a municipality in US history. Two months after it seemed Jefferson County had struck a deal to settle the debt,
Updated: 11/10/2011 12:19A
Alabama's Jefferson County Declares Biggest Municipal Bankruptcy
Municipalities have more leverage with creditors under Chapter 9 of the US Bankruptcy Code than corporations have when reorganizing debt in Chapter 11 protection, said Marc Levinson, a lawyer who represented Vallejo, California, when that city went
Updated: 11/10/2011 12:19A
Alabama county files biggest municipal bankruptcy
The commissioners, who are elected and not political appointees, are the final arbiters over much of the county's business and day-to-day municipal affairs. The bankruptcy filing by the southern US county will add to concerns about the risks in the
Updated: 11/10/2011 12:12A
Differences arise over Dominion Club reorganization plan
"The ball at this point is in the Hunt court," Nichols said, referring to the business entities associated with HHHunt Corp., the club's owner and operator. The Hunt companies have the option of whether to go forward with the reorganization plan in
Updated: 11/10/2011 12:09A
75th Anniversary of Manchester
That same year the Amoskeag Manufacturing Company, the city's largest employer, declared bankruptcy. Due to the imagination, courage, and hard work of its citizens. By the end of 1936 a new company had been formed called Amoskeag Industries that
Updated: 11/10/2011 12:07A
Ala. county to declare bankruptcy
By: Times-Dispatch Staff AP Leaders of Alabama's most populous county on Wednesday voted to declare an estimated $4.1 billion bankruptcy, the largest for a municipality in US history. Two months after it seemed Jefferson County had struck a deal to
Updated: 11/10/2011 12:06A
O'Melveny & Myers LLP | O'Melveny Team Pens Article for Pratt's Journal of
an article comparing the rationale of the circuit courts that lead to differing results on the issue of the right to credit bid in a sale pursuant to a Chapter 11 plan, in the November/December 2011 edition of Pratt's Journal of Bankruptcy Law.
Updated: 11/10/2011 12:04A
Patton Boggs | IP LAW CLIENT ALERT: Eastern District of Virginia Bankruptcy
Under US law, a bankrupt patent licensor (or its trustee) may assume or reject a patent license agreement. However, if the licensor or trustee rejects a license, Bankruptcy Code § 365(n) provides that a licensee can elect to retain its rights to the
Updated: 11/10/2011 12:04A
Gov. Bentley disappointed in Jefferson County's decision
Jefferson County commissioners believe filing bankruptcy is their best option--restructuring the massive debt that has accumulated. But Governor Robert Bentley disagrees. "If you borrow money you need to pay your debts," says Bentley.
Updated: 11/10/2011 12:02A
Ex-Sewall president must repay taxes
The former president of MW Sewall & Co. has been ordered to repay $1.3 million in diverted sales and fuel taxes, money his attorney says he was using to try to keep the business afloat. Attorney General William Schneider announced today that Philip
Updated: 11/10/2011 12:01A
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