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IN RE HAWAIIAN TELCOM COMMUNICATIONS, INC.
P. 7001(1), in which Plaintiff, the litigation trustee, seeks to recover avoidable transfers pursuant to sections 547, 548 & 549 of the Bankruptcy Code. 1 On August 18, 2011, Plaintiff filed a second amended complaint, adding claims against defendants
Updated: 11/22/2011 05:45A
IN RE LEGACY HEALTHCARE, LLC
Plaintiffs submit that the district court erred in reversing the bankruptcy court's determination that equitable estoppel under New York law mandated summary judgment for plaintiffs. 1 To establish estoppel under New York law, plaintiffs must prove
Updated: 11/22/2011 05:42A
Sean Quinn's downfall is fairies' revenge say locals in Cavan
HE was once Ireland's richest man, with a fortune of 4.7bn, before his huge gamble on Anglo Irish Bank shares toppled him into bankruptcy. But for some in his heartland on the Cavan/Fermanagh border, the downfall of Sean Quinn has more
Updated: 11/22/2011 05:23A
Court to rule on whether Anglo can still sue bankrupt Quinn
Quinn successfully filed for bankruptcy in Northern Ireland earlier this month, and that bankruptcy has now been registered in the Republic – but Anglo, which is now the Irish Bank Resolution Corporation, is still seeking an order for Quinn to repay
Updated: 11/22/2011 05:20A
New funds could help workers of defunct Pace Airlines
By Winston-Salem Journal WINSTON-SALEM (AP) — A bankruptcy judge is hearing details of a settlement with the estate of former Hooters founder Bob Brooks that could boost the chances that workers at the defunct airline he once owned will collect back
Updated: 11/22/2011 05:14A
Will Las Vegas Monorail find much-needed savior?
Late last week, a US Bankruptcy Court judge rejected the monorail's reorganization plan, pointing out that despite the shedding of millions of dollars of debt the troubled train still couldn't perform financially. And while the monorail's top officials
Updated: 11/22/2011 05:09A
Train trouble: Las Vegas Monorail fails to exit bankruptcy
On Friday, a federal judge slapped down the monorail's plan to exit Chapter 11 bankruptcy because terms that took two years to negotiate merely prolong the route's death. Since the monorail began service in 2004, it has carried just enough riders to
Updated: 11/22/2011 05:09A
MF Global Revelations Keep Getting Worse
Cash in customers' accounts may be invested in allowable transactions, and MF was allowed to make extra revenue from the income. But what isn't allowed, and what MF Global apparently admitted to doing, is to commingle customers' money with its own and
Updated: 11/22/2011 05:07A
Judge weighing arguments in $700 million Fontainebleau fraud lawsuit
With potentially $700 million in damages at stake, it was little surprise when 23 attorneys packed into a Las Vegas courtroom Monday to argue about whether a fraud lawsuit could continue over the failed $2.9 billion
Updated: 11/22/2011 05:06A
Gazprom contractor's bankruptcy case to be heard on December 16
The court will hear on December 16 a bankruptcy application filed against Stroygazconsulting, a head company of Russia's major construction and engineering holding, the court told the Russian Leading Information Agency (RAPSI) on Tuesday.
Updated: 11/22/2011 04:57A
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