Kodak's Rejection of Naming Rights Approved
Mar 12, 2012
The bankruptcy judge overseeing Kodaks Chapter 11 case has approved its rejection of naming rights in the Kodak Theatre.
Kodaks attempt to reject had been opposed by the landlord, which argued that the...
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Foreclosures Increase Again
Mar 12, 2012
Foreclosures have recently increased again. Individuals who are facing the loss of their home may be able to come current on their mortgage in a bankruptcy reorganization. Those whose debts exceed Chap...
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Washington Mutual Faces the Absolute Priority Rule
Mar 12, 2012
A Chapter 11 bankruptcy involves creditor consent much more than in other chapters. At least one class of affected creditors is required to confirm a plan.
However, a class of affected creditors can al...
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Chapter 11 Season for Car Wash Companies
Mar 12, 2012
It appears to be the season for Arizona car wash companies to file for Chapter 11 bankruptcy. Last week, Metro Car Wash of Tucson filed for bankruptcy protection. Just a few weeks ago, the owner of the...
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Chapter 11 Hits the Dating Circuit
Feb 07, 2012
The Huffington Post recently ran a column entitled:
Bankruptcy And Dating: Should You Go Out With Someone Whos Filed Chapter 11?
Despite its title, the article has nothing of substance to say about Cha...
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Kodak Rejects Contract for Kodak Theatre
Feb 07, 2012
The Bankruptcy Code gives a Chapter 11 debtor the right to reject leases and certain other contracts. This right is especially useful when the ongoing cost to the debtor outweighs the contracts benefit...
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What is a Preference?
Feb 07, 2012
A basic principle of bankruptcy law is that all like creditors should be treated alike. This principle is usually easily applied. When the trustee (or the debtor in a Chapter 11 case) has funds to pay ...
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Before You File, Evaluate Preferences
Feb 07, 2012
Small business owners considering a Chapter 11 bankruptcy filing should request an analysis of potential preference claims. These are potentially a double-edged sword: they may provided a needed source...
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Getting MF Global's Money Back
Feb 07, 2012
According to the New York Times, investigators have found some of the money which MF Global paid out from its clients accounts. Some of the payments could be recoverable under the State or federal law ...
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Chapter 11 Benefits American Companies
Feb 07, 2012
USA Today is running an article contrasting US reorganizations under Chapter 11 with foreign bankruptcy and insolvency law. In general, a Chapter 11 case allows management to retain control and run a b...
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