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More than 25,000 Madoff victims now eligible for $4 billion fund | Reuters

More than 25,000 Madoff victims now eligible for $4 billion fund | Reuters | Bankruptcy | Scoop.it
The overseer of a $4 billion U.S. Department of Justice fund for victims of Bernard Madoff's Ponzi scheme said he expected to recommend payouts for at least 25,280 claimants with nearly $4 billion in fraud losses.
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#Liquidators win at #SportsAuthority #bankruptcy #auction

#Liquidators win at #SportsAuthority #bankruptcy #auction | Bankruptcy | Scoop.it
A group of liquidators reportedly came out on top in the bankruptcy auction for debt-ridden Sports Authority's assets, beating out rival sporting-goods dealers and other liquidators.
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Former President and CEO of Montgomery based steel company convicted of bankruptcy fraud

Former President and CEO of Montgomery based steel company convicted of bankruptcy fraud | Bankruptcy | Scoop.it
A federal jury in Montgomery convicted 51-year-old Kennon W. Whaley from Auburn, Alabama on two counts of bankruptcy fraud for concealing as…
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#ABI #Webinar: #Labor Issues in #Coal #Chapter 11Cases: 6/2/16 at 1 pm est

#ABI #Webinar: #Labor Issues in #Coal #Chapter 11Cases: 6/2/16 at 1 pm est | Bankruptcy | Scoop.it
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Failure of the Clearinghouse: Dodd-Frank’s Fatal Flaw?

Failure of the Clearinghouse:  Dodd-Frank’s Fatal Flaw? | Bankruptcy | Scoop.it
Stephen J. Lubben Harvey Washington Wiley Chair in Corporate Governance & Business Ethics, Seton Hall University School of Law.   Clearinghouses reduce risk by acting as a central hub for …
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#PhoneBook Publisher #DexMedia Files for #Chapter11 #Bankruptcy Protection after reaching #restructuring deal with creditors

Phone book publisher Dex Media Inc. filed for chapter 11 protection yesterday after reaching a restructuring deal with creditors, the Wall Street Journal reported today.
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Broncos try to block sale of Sports Authority's sponsorship deal

Broncos try to block sale of Sports Authority's sponsorship deal | Bankruptcy | Scoop.it
Sports Authority Inc. can't sell or transfer its Mile High Stadium naming rights or its team sponsorship agreement, the Denver Broncos said in a bankrupt
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2nd Circ. Urged by #Bankrupt #magazine #wholesaler #AndersonNews To Revive $371M Antitrust Suit v #Time, #Hearst, arguing there is ample evidence from which jury could find company faced a #conspi...

2nd Circ. Urged by #Bankrupt #magazine #wholesaler #AndersonNews To Revive $371M Antitrust Suit v #Time, #Hearst, arguing there is ample evidence from which jury could find company faced a  #conspi... | Bankruptcy | Scoop.it
Bankrupt magazine wholesaler Anderson News LLC continued its bid for the Second Circuit to reverse the judgment in its $371 million antitrust suit against Time, Hearst and other magazine publishers Monday, saying there is ample evidence from which...
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#Bankrupt #oil #driller #Venoco Resolves Objection To #Chapter11 #DisclosureStatements

#Bankrupt #oil #driller #Venoco Resolves Objection To #Chapter11 #DisclosureStatements | Bankruptcy | Scoop.it
Bankrupt oil driller Venoco Inc. received approval for its Chapter 11 disclosure statements Monday in Delaware federal court after negotiating a resolution to the objection of a California leaseholder.
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#SupremeCourt Arms Creditors With Broad #Bankruptcy #Fraud Ruling in #HuskyvRitz

#SupremeCourt Arms Creditors With Broad #Bankruptcy #Fraud Ruling in #HuskyvRitz | Bankruptcy | Scoop.it
The Supreme Court handed creditors a win Monday when it refused an invitation to pigeonhole what does and does not qualify as fraud when a person seeks to shed debts through bankruptcy, taking a broad view of how the code applies to debtors who...
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Powell Valley Healthcare files for Chapter 11 bankruptcy

Powell Valley Healthcare files for Chapter 11 bankruptcy | Bankruptcy | Scoop.it
Your news source for what's happening in Park County.
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Lehman Brokerage Creditors in Line for Another $677 Million

Lehman Brokerage Creditors in Line for Another $677 Million | Bankruptcy | Scoop.it
The trustee in charge of Lehman Brothers Inc. sought court approval Wednesday to pay out another $677 million to the defunct brokerage’s unsecured creditors, the fourth such distribution since he finished paying off customers.
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#Houston #oilproducer #HalcónResources planning to file #prepackaged #Chapter11 #bankruptcy

#Houston #oilproducer #HalcónResources planning to file #prepackaged #Chapter11 #bankruptcy | Bankruptcy | Scoop.it
HOUSTON – Halcón Resources says it’s planning to file for Chapter 11 bankruptcy protection with a deal in hand to restructure its finances, eliminating $1.8 billion in debt. The Houston oil produce…
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The Unlisted Creditor and the Interplay of #523a3 and #726a2: A Circuit Split Continues | ABI ln.is/www.abi.org/co

The Unlisted Creditor and the Interplay of #523a3 and #726a2: A Circuit Split Continues | ABI ln.is/www.abi.org/co… | Bankruptcy | Scoop.it
In a no-asset chapter 7 case, an unlisted debt is generally discharged.
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#ABI #Podcast: Intersection of #UCC #Article9 and #Retail #Bankruptcy

ABI Resident Scholar Prof. Melissa Jacoby talks with Prof. Juliet Moringiello of Widener University Commonwealth Law School about the intersection of Article 9 of the Uniform Commercial Code (UCC) and retail bankruptcies.
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BREAKING: #Sabine Wins Approval Of New #Pipeline Deal In #Chapter11, replacing the gas gathering contracts that the #BankruptcyCourt had authorized Sabine to reject in March

BREAKING: #Sabine Wins Approval Of New #Pipeline Deal In #Chapter11, replacing the gas gathering contracts that the #BankruptcyCourt had authorized Sabine to reject in March | Bankruptcy | Scoop.it
Sabine Oil & Gas Corp. got approval Tuesday from a New York bankruptcy judge to enter into an alternative pipeline agreement after the court earlier this year rejected what the company had said were more costly gas gathering contracts.
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Supreme Court: Misrepresentation Not Required for “Actual Fraud” Nondischargeability | ABI

Reversing the Fifth Circuit, the Supreme Court held in Husky International Electronics Inc. v.
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11th Circ. Urged to reconsider Its #LateFiledReturn #Tax Debt Stance, arguments made include that the decision Is At Odds With #SupremeCourt, and is unfair

11th Circ. Urged to reconsider Its #LateFiledReturn #Tax Debt Stance, arguments made include that the decision Is At Odds With #SupremeCourt, and is unfair | Bankruptcy | Scoop.it
A Florida taxpayer urged the Eleventh Circuit on Friday to reconsider its decision that his tax returns were filed too late for him to shed the associated liabilities in bankruptcy, arguing the decision conflicts with Supreme Court precedent and...
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#SEC argues #Wyly #Exemption claim in $249M #Annuities #12M #home In #Chapter11 should be denied

#SEC argues #Wyly #Exemption claim in  $249M #Annuities #12M #home In #Chapter11 should be denied | Bankruptcy | Scoop.it
Billionaire and securities and tax fraudster Sam Wyly should not be allowed to protect nearly $250 million in annuities and his $12 million home from creditors in bankruptcy because Texas and federal laws do not permit such exemptions, the U.S.
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#EFH Creditors Pile On To Oppose #FastTracked New #Chapter11 schedule

#EFH Creditors Pile On To Oppose #FastTracked New #Chapter11 schedule | Bankruptcy | Scoop.it
Creditors holding billions in Energy Future Holdings Corp.
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How Does Bankruptcy Affect Eligibility for Student Financial Aid?

How Does Bankruptcy Affect Eligibility for Student Financial Aid? | Bankruptcy | Scoop.it
How does a chapter 13 bankruptcy affect financial aid? Would it be difficult to get financial aid for my child because my husband and I filed chapter 13 about 2 years ago? — C. F.
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Caesars Bondholders Ready Lawsuit, Citing Examiner’s Report

Caesars Bondholders Ready Lawsuit, Citing Examiner’s Report | Bankruptcy | Scoop.it
A bondholder group has filed papers asking a Chicago bankruptcy judge for the right to sue Caesars Entertainment and its private-equity backers.
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