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bankruptcy

Dewey Sues to Reclaim $5.7 Million Spent When they were Already Insolvent

How much work does it take to bring a law firm into bankruptcy? In the case of Law Firm Giant…

Bankrupt Detroit Faces Water and Sewer Bond Restructure

Detroit’s $3.7 trillion dollar muni-bond market is facing trouble. Detroit’s emergency manager Kevyn Orr is battling insurers, individual investors and…

Casey Anthony Avoids Selling Rights to Her Life Story to Pay Creditors

This week Casey Anthony agreed to settle a dispute regarding the rights to her life story. If her life story…

Detroit Goes Broke, Files Chapter 9 Bankruptcy

On Thursday, Detroit became the largest American city to file for Chapter 9 bankruptcy protection. Law firm Jones Day is…

Howrey Trustee Files 33 Lawsuits to Recover Funds

In advance of the statute of limitations, Howrey’s bankruptcy trustee has filed 33 lawsuits in an attempt to recover millions…

A Settlement Comes in Dewey LeBoeuf Bankruptcy

In the latest development in the saga of the failure of Dewey LeBoeuf, a settlement has been approved by a…

Vacuum Company Oreck Files For Bankruptcy

It seems that Oreck Corp., known for their household vacuum cleaners, can’t stop debtors from vacuuming up all their money.…

Creditors Could Get Paid in Full After Lehman Brothers Collapse

When the U.S. investment bank Lehman Brothers collapsed in 2008, the global financial system collapsed with it, to a degree,…

Fisker Automotive Inc. Closing in on Bankruptcy

The manufacturer of plug-in hybrid sports cars, Fisker Automotive Inc., is preparing to file for bankruptcy protection, according to The…

MF Global Presenting Bankruptcy Exit Plan to Court

On Friday, MF Global Holdings will ask for court approval of a liquidation plan for its assets and repayment of…

Protesters March in Detroit against Emergency Law

On Thursday, protesters in Detroit came out in support of a lawsuit filed on Wednesday challenging Michigan’s emergency manager law.…

Court Okays American Airlines-US Airways Merger

On Wednesday, U.S. Bankruptcy Judge Sean Lane approved AMR Corp’s plan to merge with the US Airways Group, while at…