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Trustee proposes final payments to former employees of Arrow Trucking
s bankruptcy trustee proposes to distribute $2.09 million of bankruptcy estate assets to 676 former employees who have filed wage and employment law violation claims against the estate, court documents show. In a motion filed this week in US Bankruptcy
Updated: 11/10/2011 08:34P
Blame all around in biggest US municipal bankruptcy
The county, once a leading industrial hub in the US Deep South, filed for bankruptcy court protection after failing to reach final agreement on terms of a preliminary deal with creditors led by JPMorgan Chase & Co in September to settle $3.14 billion
Updated: 11/10/2011 08:27P
Ezenia claims $2.5m in assets, debts amount to $900k
Ezenia, the Nashua software company that filed for Chapter 11 bankruptcy protection at the end of September, is claiming assets of $2.5 million and debts of close to $900000, according to subsequent filings. But on closer examination,
Updated: 11/10/2011 08:22P
Ala. County Files For Chap. 9
Jefferson County filed for a $4.1 bil bankruptcy, the largest US municipal failure ever. The county, which includes Ala.'s biggest city, Birmingham, couldn't seal a deal with creditors over $3.1 bil in sewer bonds. JPMorgan (JPM) may take the biggest
Updated: 11/10/2011 08:20P
INSIGHT - Risk, lax oversight riddle MF Global's past
In several lawsuits, trustees of failed businesses that traded through MF Global have also alleged lax oversight at the brokerage. Among them is a lawsuit involving Nicholas Cosmo, a Long Island financial manager dubbed "mini-Madoff.
Updated: 11/10/2011 08:19P
Enron Ten-Year Anniversary A Time Of Reflection
Ten years after energy giant Enron filed for bankruptcy, after dozens of arrests of top company executives, a journalist and a company representative recalled their experience of working through the Enron scandal of 2001.
Updated: 11/10/2011 08:18P
Insight: Risk, lax oversight riddle MF Global's past
In several lawsuits, trustees of failed businesses that traded through MF Global have also alleged lax oversight at the brokerage. Among them is a lawsuit involving Nicholas Cosmo, a Long Island financial manager dubbed "mini-Madoff.
Updated: 11/10/2011 08:15P
The Business Matrix: Friday 11 November 2011
Rank shares jumped nearly 10 per cent after the gaming firm won a UK tax dispute in the European Court of Justice. The court ruled in Rank's favour on its long-running dispute with the Revenue over claims it had paid too much VAT on its bingo games and
Updated: 11/10/2011 08:14P
We're Number Two!
Orange County officially lost its claim to the dubious title of having the largest government bankruptcy in US history. As of Wednesday, that title goes to (drum roll, please) Alabama's Jefferson County, which filed for Chapter 9
Updated: 11/10/2011 08:14P
Blank Rome LLP | Can a Refinancing be "Collapsed" with a Prior Leveraged
A recent decision of the Delaware bankruptcy court serves as a reminder of a key risk for lenders who finance leveraged transactions—namely, that a bankruptcy court may “collapse” the components of a leveraged transaction in order to avoid the lender's
Updated: 11/10/2011 08:09P
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