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10 Jun 2009, 12:06 pm
Maybe, they certainly are the only obvious lender here, but consider all of the political criticism that the Obama Administration has received for its role in the GM and Chrysler chapter 11 cases. [read post]
5 Jun 2009, 11:17 am
Fremont Bankruptcy Attorney discusses GM's historic Chapter 11 filing Last week, General Motors (GM), once the United States largest private sector employer, filed for Chapter 11 bankruptcy. [read post]
4 Jun 2009, 9:07 pm
Both auto manufacturers have filed for Chapter 11 bankruptcies, which places car accident victims waiting for medical reimbursements from products liability settlements and verdicts into the category of "unsecured creditor" waiting along with everyone else for their payouts. [read post]
4 Jun 2009, 9:07 pm
Both auto manufacturers have filed for Chapter 11 bankruptcies, which places car accident victims waiting for medical reimbursements from products liability settlements and verdicts into the category of "unsecured creditor" waiting along with everyone else for their payouts. [read post]
4 Jun 2009, 11:28 am
" Clarence Ditlow, executive director of the Center for Auto Safety, said, "Either the bankruptcy system has to take care of victims or the Obama administration needs to come up with a victim's fund much as we did in 9/11. [read post]
4 Jun 2009, 6:32 am
General Motors Corp. became the second-largest industrial bankruptcy in history Monday as it filed its landmark case, with President Barack Obama predicting the humbled corporate titan will emerge from Chapter 11 "a stronger and more competitive" company within months. [read post]
3 Jun 2009, 11:22 am
This case may have additional far reaching implications, particularly in light of yesterday’s chapter 11 filing by General Motors. [read post]
3 Jun 2009, 1:02 am
Whatever roles the bondholders will play in GM's Chapter 11 case, their lawyers will likely play prominent roles in its debt restructuring. [read post]
25 May 2009, 11:00 am
San Jose Bankruptcy Attorney discusses Lien Stripping in a Chapter 11 bankruptcy or a Chapter 13 bankruptcy Debtors filing for Chapter 11 bankruptcy or Chapter 13 bankruptcy protection have the option to avoid junior secured liens on their property if their property is underwater. [read post]
22 May 2009, 4:48 pm
If a company first files for chapter 11 bankruptcy and later converts the case to a chapter 7 bankruptcy the administrative claims incurred during the chapter 7 phase of the case will be given priority ahead of the administrative claims incurred during the chapter 11 phase of the case. 3. [read post]
21 May 2009, 3:08 am
Three of Chrysler's secured creditors are mounting a fresh attempt to thwart the carmaker's Chapter 11 reorganisation on the grounds that it violates their legal rights and the US government's authority under the Troubled asset relief programme.The three - all Indiana state pension funds - are among a group of 46 creditors that had appeared to back away this month from efforts to derail the process under which a "new" Chrysler would emerge from… [read post]
19 May 2009, 1:13 am
Trustee Objects to Kirkland Hire in General Growth Bankruptcy The American Lawyer When General Growth Properties -- the second-largest owner of shopping malls in the U.S. -- filed for Chapter 11 last month, the company retained an all-star team of bankruptcy lawyers from Weil, Gotshal & Manges and Kirkland & Ellis to serve as restructuring counsel. [read post]
18 May 2009, 8:11 am
And putting the assumption requirement in the procedures just furthers the (typically) unwarranted argument that chapter 11 is something that should be avoided like the plague. [read post]
14 May 2009, 9:24 pm
But in a Chapter 11 reorganization, creditors have the right to vote to approve or reject the plan. [read post]
14 May 2009, 9:22 am
Chapter 11 promotes economic efficiency by reorganizing viable but financially distressed firms, i.e., firms that are worth more alive than dead. [read post]
14 May 2009, 2:34 am
Chapter 11 promotes economic efficiency by reorganizing viable but financially distressed firms, i.e., firms that are worth more alive than dead.I suppose what I find most interesting is how fast and loose with the rule of law the current administration plays.The rule of law doesn't apply when a company is "too big to fail. [read post]
14 May 2009, 2:34 am
Chapter 11 promotes economic efficiency by reorganizing viable but financially distressed firms, i.e., firms that are worth more alive than dead.I suppose what I find most interesting is how fast and loose with the rule of law the current administration plays.The rule of law doesn't apply when a company is "too big to fail. [read post]