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Recent Eighth Circuit bankruptcy decisions
The Eighth Circuit agreed that tenant's rejection in bankruptcy removed the subtenant's obligations to the tenant under the sublease. The court found that the attornment issue was controlled by state law and not §365(h). The court explained that
Updated: 11/18/2011 07:24A
Government calls for better access to bank accounts for bankrupts
Without a bank account, bankrupts may struggle with financial rehabilitation following bankruptcy. You need a bank account to keep your income somewhere safe and pay bills by Direct Debit or standing order. Those without an account could struggle with
Updated: 11/18/2011 07:24A
COMMENT: Saab continues - just - as deadlines loom
But the administrator handling Saab's bankruptcy protection status, Guy Lofalk, may not be so patient. That "11th hour" comment from GM as the administrator appeared poised to pull the trigger is telling. Either Saab and the Chinese come up with
Updated: 11/18/2011 07:18A
Harrisburg Bankruptcy Will Give the City 'Relief,' Schwartz Says
The City Council of Harrisburg, Pennsylvania, filed for bankruptcy Oct. 11, a move challenged by Mayor Linda Thompson and Governor Tom Corbett. A judge on Nov. 23 will weigh their claims that the
Updated: 11/18/2011 07:16A
Solyndra: Soft Markets and Chinese Subsidies
In September, headlines erupted when the solar company, Solyndra, announced that it would be filing for bankruptcy just 2 years after the company received $535 million in federal loan guarantees under the
Updated: 11/18/2011 07:15A
Catholics poised to buy icon of televangelism
(AP) — A federal judge on Thursday approved the sale of the Crystal Cathedral to the Roman Catholic Diocese of Orange to help the financially struggling megachurch emerge from bankruptcy. The decision by US Bankruptcy Court Judge Robert N. Kwan came
Updated: 11/18/2011 07:12A
No benefit for ruined Amsterdam Airlines staff
Employees of Dutch charter airline company Amsterdam Airlines are being forced to file for bankruptcy themselves. On Thursday, the 90 workers were informed that the board has pulled the plug on the ailing company without completing the necessary
Updated: 11/18/2011 07:12A
Rossia insurance company's bankruptcy proceedings suspended by court
A commercial court has suspended the bankruptcy proceedings against the EastOne investment advisory group's Rossia insurance company, the court told the Russian Legal Information agency (RAPSI). The group is controlled by Ukrainian businessman Viktor
Updated: 11/18/2011 07:11A
CFTC supports prompt initiation of MF Global customer claims and moving “cash
In a statement filed with the US Bankruptcy Court for the Southern District of New York, the Commission expressed support for putting in place mechanisms for the prompt initiation of claims for all MFGI customers and the transfer of 60% of customer
Updated: 11/18/2011 07:10A
Quinn's bankruptcy application to be appealed
The bank intends to bring an application by the end of this week or early next week to have the bankruptcy annulled. Last Friday, Sean Quinn said the vast majority of debt that Anglo Irish Bank maintains is owed is “strenuously disputed”.
Updated: 11/18/2011 07:06A
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