From the category archives:

Bankruptcy

TweetBankrupt AMR Corp. on Oct. 2 moved in the U.S. Bankruptcy Court for the Southern District of New York for approval of $ 785 million in post-petition financing, also called debtor-in-possession (DIP) financing, which would be secured by planes currently in American Airlines’ fleet (In Re: AMR Corporation, No. 11-15463, Chapter 11, S.D. N.Y. Bkcy.). […]

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TweetThe Guccione Collection LLC (TGC) filed an adversary proceeding in the Chapter 11 bankruptcy of PMGI Holdings Inc., the parent company for the adult entertainment empire carrying the name “Penthouse,” seeking declaratory relief and unspecified damages related to intellectual property (In Re: PMGI Holdings Inc., No. 13-12404, Chapter 11, D. Del. Bkcy.). PMGI filed for […]

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TweetBankrupt Residential Capital LLC (ResCap) on Sept. 11 filed a brief arguing that the bankruptcy court should expunge two separate claims valued at total of $ 30 million that it says have been filed by a couple who has a “documented history of vexatious litigation” (In Re: Residential Capital LLC, No. 12-12020, Chapter 11, S.D. […]

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TweetThe law firm of Morrison & Foerster on Sept. 9 filed a brief in the U.S. Bankruptcy Court for the Southern District of New York contending that it is entitled to more than $ 23.1 million in fees and expenses for its role as bankruptcy counsel for Residential Capital LLC (ResCap) (In Re: Residential Capital […]

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Tweet- From LexisNexis® Mealey’s™ Daily Legal News. The chief financial officer (CFO) of bankrupt Old HB Inc., formerly known as Hostess Brands Inc., on Aug. 19 filed a declaration in support of the sale of real estate and equipment assets free and clear of all liens and encumbrances for $ 64.25 million (In Re: Old […]

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Tweet- From LexisNexis® Mealey’s™ Daily Legal News. The Police and Fire Retirement System of the City of Detroit (PFRS) and the General Retirement System of the City of Detroit (GRS) on Aug. 16 filed a brief opposing the termination of a forbearance agreement between the city and what are called Swap Counterparties under which the […]

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Tweet- From LexisNexis® Mealey’s™ Daily Legal News. Bankrupt Residential Capital LLC (ResCap) on Aug. 19 moved for approval of a plan to pay a cure amount of $ 287,740.40 to settle an $ 8 million claim against the estate by a loan servicing agency based on assets that were excluded from ResCap’s asset purchase agreement […]

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Tweet- From LexisNexis® Mealey’s™ Daily Legal News. Bankrupt Eastman Kodak Co. on June 25 filed a brief arguing that a bankruptcy court should authorize it to conduct a rights offering in conjunction with its first amended Chapter 11 plan of reorganization because the company has made an additional $ 8 million available to creditors, which […]

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Tweet- From LexisNexis® Mealey’s™ Daily Legal News. Bank of America National Association, the indenture trustee for short-term notes issued by a division of bankrupt mortgage company Taylor Bean Whitaker Mortgage Corp. (TBW), on June 17 filed a brief opposing a motion to dismiss the bank’s lawsuit against the Federal Deposit Insurance Corp. (FDIC) and asserting […]

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Tweet- From LexisNexis® Mealey’s™ Daily Legal News. Bankrupt Saab Cars North America (SCNA) Inc. on June 11 filed an amended plan of liquidation that calls for a settlement of claims asserted by Ally Financial Inc. by reducing the claims from $ 18,507,755.76 to $ 1,008,048.58 (In Re: Saab Cars North America, No. 12-10344, Chapter 11, […]

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