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Cassels Brock | MF Global Canada Declared Bankrupt
In an article published in Corporate Counsel Magazine and posted on Law.com, Cassels Brock partner, Bruce Leonard, the Chair of the International Insolvency Institute, said that such a task is "very difficult, and perhaps verging on impossible" for
Updated: 11/10/2011 08:09P
Jefferson County, Alabama Sets Record with Chapter 9 Bankruptcy (Includes
Birmingham - Jefferson County, Alabama declared the largest municipal bankruptcy in US history this week. The debt stems from an upgraded sewer system. Jefferson County, Alabama, which includes the cities of Birmingham, Bessemer, and most of Hoover,
Updated: 11/10/2011 08:07P
JAL, emerged from bankruptcy, takes more bullish profit outlook than ANA
JAL's first half results show how the airline is benefiting from efforts to streamline its operations after it filed for Japan's largest ever non-financial bankruptcy protection in 2010. “The company has strengthened its resilience against risks in the
Updated: 11/10/2011 08:06P
Alabama county's consumer rates rocketed up with debt
BIRMINGHAM, Alabama (Reuters) - Residents of Alabama's Jefferson County pay sewer rates that are 329 percent higher than they were in 1996 and the fees will rise as the county works its way out of the largest US municipal bankruptcy.
Updated: 11/10/2011 08:05P
'MF Global's bondholders may only get 10% back'
NEW YORK - MF Global Holdings's bondholders may recover as little as 10 cents on the dollar in the company's bankruptcy, according to Fitch Ratings. Owners of the failed broker's senior unsecured debt will get back between 10 and 30 per cent of the
Updated: 11/10/2011 08:03P
MF Global Lays Off 165, More to Come
MF Global Inc., the broker-dealer, is being liquidated after the parent company, MF Global Holdings Ltd., declared bankruptcy Oct. 31 under Chapter 11 of the US Bankruptcy Code. In a notice to customers today, MF Global's trustee reiterated that the
Updated: 11/10/2011 08:01P
MF Global clients given green light to sell holdings
KPMG Inc., the trustee appointed to oversee MF Global Canada when regulators obtained a bankruptcy order for the firm Nov. 4, issued an advisory Thursday that it “has put processes in place that will enable customers … to place liquidating trades with
Updated: 11/10/2011 07:48P
Analysis: Alabama bankruptcy unlikely to spawn other filings
Jefferson County and Harrisburg may set some important precedents in an area of bankruptcy law that so far has had few. Jefferson County and Harrisburg along with Central Falls, Rhode Island, and Boise County, Idaho, have all headed to bankruptcy court
Updated: 11/10/2011 07:37P
Legislators hopeful of helping Jefferson County in wake of bankruptcy filing
But one day later, each member called bankruptcy a regrettable but almost inevitable outcome of the county's financial straits. Jefferson County commissioners say the county needs the Legislature to authorize between $40 million to $50 million a year
Updated: 11/10/2011 07:26P
Officials Not Sure How Gregori's Retirement Will Affect Litigation
ECP was trying to exit the co-op through state litigation when SME filed for Chapter 11 bankruptcy protection last month. A bankruptcy hearing in the case is scheduled for next Thursday. City officials hope to learn more about how the sudden retirement
Updated: 11/10/2011 07:24P
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