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March 4, 2011

Powder Springs lawyer, 78, accused of theft

"Powder Springs Police have arrested a 78-year-old attorney who authorities say took money from clients to file bankruptcy on their behalf, but failed to do so."

Read more here.

March 4, 2011 in Current Affairs | Permalink | Comments (0) | TrackBack

Attorney: Tolz ‘acknowledges her errors’

"Marika Tolz, the bankruptcy trustee charged with fraud Thursday, “acknowledges her errors and fully anticipates that all funds will be fully reimburse or restitution made,” her attorney, Ben Kuehne, said in an interview Friday morning."

Read more here.

March 4, 2011 in Current Affairs | Permalink | Comments (0) | TrackBack

Judge okays plan to sell old Wyoming GM plant

"A federal judge says he will approve a plan to liquidate the assets that General Motors Co. shed in bankruptcy, including the sale of the metal stamping plant in Wyoming."

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March 4, 2011 in Current Affairs | Permalink | Comments (0) | TrackBack

March 2, 2011

Federal Bar Assn Program

STATE OF THE CIRCUIT/DISTRICT
March 10, 2011
Time: 12:30 p.m. - 2:00 p.m.
Registration: 12:00 p.m.
Featuring Chief Judge Alex Kozinski, United States Court of Appeals, 9th Circuit
Chief Judge Audrey B. Collins, United States District Court, Central District
Chief Judge Peter H. Carroll, United States Bankruptcy Court, Central District

Location: Kyoto Grand Hotel, 120 S. Los Angeles St., Los Angeles, CA
Cost: $75 (FBA Members), $45 (government employees//Students)
$90 (non members)
Group Registration Fees: FBA member table of 9 $650;
Nonmember table of 9 $775

Federal judiciary and their clerks receive complimentary admission.


________________________________________
RECEPTION HONORING THE FEDERAL JUDICIARY
May 12, 2011
Time: 5:30 p.m. - 7:30 p.m.
Registration: 5:30 p.m.
Location: City Hall - Tom Bradley Room, 200 N. Spring St. 26th Fl., Los Angeles, CA
Cost: $70 (FBA Members), $50 (government employees//Students)
$85 (non members)
Group Registration Fees: FBA members 10 Tickets (10) $600;
Federal judiciary and 1 Guest Complimentary, Additional judicial guests $35.
Click here for Registration Flyer
________________________________________
 Federal Bar Association - Los Angeles Chapter
210 N. Glenoaks Blvd. Ste C
Burbank, CA 91502
(818) 843-1020   fax: (818) 843-7423
www.fbala.org   email: fbala@emaoffice.com

March 2, 2011 in Programs | Permalink | Comments (0) | TrackBack

Loehmann's Bankruptcy Ends

"Loehmann’s, which filed for Chapter 11 for a second time last November, emerged Tuesday from bankruptcy and will keep its three remaining Orange County stores open.

Loehmann’s also announced that Joe Melvin, the retailer’s CFO and COO, assumed the interm CEO role because CEO Jerald Politzer has chosen to leave the company."

Read more here.

March 2, 2011 in Current Affairs | Permalink | Comments (0) | TrackBack

Boise County to file for bankruptcy

"The Boise County Board of Commissioners announced Tuesday the county will file for Chapter 9 bankruptcy after losing a $4 million judgment over a proposed treatment center for teens."

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March 2, 2011 in Current Affairs | Permalink | Comments (0) | TrackBack

March 1, 2011

Mesa Air Group exits bankruptcy court Tuesday

"Mesa Air Group said Tuesday it is officially unbankrupt.

Actually, what it said was that its plan of reorganization took effect Tuesday, allowing it to exit Chapter 11 bankruptcy proceedings after 14 months as a much smaller, but it hopes, financially sound airline."

Read more here.

March 1, 2011 in Current Affairs | Permalink | Comments (0) | TrackBack

Las Vegas gaming entity files for bankruptcy

"A Las Vegas company that owns slot machine patents filed for bankruptcy Monday after accumulating millions of dollars in losses and engaging in litigation with shareholders and others.

Legal iGaming Inc. filed for Chapter 11 reorganization in U.S. Bankruptcy Court for Nevada, listing assets of $2.6 million including server-based slot machine patents it values at $2.5 million."

Read more here.

March 1, 2011 in Current Affairs | Permalink | Comments (0) | TrackBack

Creditors blast "pittance" bid for bankrupt Blockbuster

"Bankrupt Blockbuster Inc (BLOAQ.PK) plans to sell itself for a "pittance" and would be better off liquidating rather than left under the control of a hedge fund group, according to creditors of the movie-rental chain."

Read more here.

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February 27, 2011

Law Review Article - Chapter 11 Fees

What We 'Know' About Chapter 11 Cost is Wrong

Stephen J. Lubben
Seton Hall University - School of Law

November 30, 2010

Seton Hall Public Law Research Paper No. 1718047

Abstract:     
Among the collective wisdom about large corporate bankruptcy cases, the following points are almost undisputed: Longer chapter 11 cases cost more; Prepackaged chapter 11 cases cost less; Cases filed in New York or Delaware cost more; Fee examiners control the costs of big chapter 11 cases.

But each of these points is wrong, and in most cases entirely backward. And this article provides empirical evidence to show why.

February 27, 2011 in Article Reviews | Permalink | Comments (0) | TrackBack