FORT LAUDERDALE, Fla. – (AP) Former NFL and Miami Hurricanes star quarterback Bernie Kosar will have his assets sold off. Court papers show that U.S. Bankruptcy Judge Raymond B. Ray in Fort Lauderdale changed Kosar’s bankruptcy case to a liquidation, or Chapter 7. The orde
Also tagged chapter, fort, his-assets, judge, kosar, lauderdale-, nfl, papers-show, sold-off-, star-quarterbackNEW YORK (Reuters) – CIT Group Inc’s bankruptcy case was reassigned on Monday to U.S. Bankruptcy Judge Allan Gropper following the recusal of Judge Robert Gerber, who had been assigned the case hours earlier. Read this article: CIT bankruptcy reassigned after recusal
Also tagged after-recusal, been-assigned, cit, following-the, gropper, judge, judge-robert, monday, the-caseBankrupt Canadian telecom equipment maker Nortel Networks Corp. owes the United States Internal Revenue Service a staggering $3 billion in taxes and interest, according to a claim filed in the company’s bankruptcy case. See original here: Nortel hit with $3 billion tax bill
Also tagged a-claim-filed, claim-filed, corp-, internal, nortel-networks, original-here, owes-the, owes-the-united, service, taxes-and, telecom-equipment, unitedPHILADELPHIA – (AP) Creditorsseeking to take control of Philadelphia Newspapers in a hard-fought Chapter 11 bankruptcy case have hired a longtime publisher of the two dailies as an adviser. Bob Hall, publisher of The Philadelphia Inquirer and Philadelphia Daily News from 1990 to 2003, would
Also tagged a-longtime-publisher, chapter, daily-news, from-1990, have-hired, longtime-publisher, philadelphia, the-twoWILMINGTON, Del. – (AP) A judge presiding over Tribune Co.’s bankruptcy case has agreed to expedited procedures regarding the company’s sale of the Chicago Cubs baseball team. Judge Kevin Carey on Monday scheduled an Aug. 31 hearing and shortened notification procedures for motions
Also tagged baseball-team, chicago, expedited-procedures, has-agreed, hearing-and, judge-kevin, kevin, procedures-for, shortened-notificationReuters – Lehman Brothers Holdings Inc can pursue claims on assets in a bankruptcy case expected to set a precedent for treatment of derivatives in complex investment products, a New York court said on Tuesday. Read the original post: Lehman can pursue CDO claim: court (Reuters)
Also tagged a-precedent-for, cdo, complex-investment, holdings, lehman, lehman-brothers-, read-the-original, tuesdayNEW YORK (Reuters) – Lehman Brothers Holdings Inc can pursue claims on assets in a bankruptcy case expected to set a precedent for treatment of derivatives in complex investment products, a New York court said on Tuesday. Here is the original post: Lehman can pursue CDO claim: court
Also tagged claims-on-assets, complex-investment, court-said, lehman-brothers-, new, original, precedent-for, said-on-tuesday, tuesdayNEW YORK – (AP) The judge overseeing Delphi Corp.’s bankruptcy case indicated Wednesday that he will approve the auto supplier’s plan to hand control of the company to its lenders and eventually end its nearly four-year stay in Chapter 11. “To me it seems like a valid exercis
Also tagged and-eventually, approve-the-auto, bankruptcy law center, chapter, delphi-corp-, end-its, the-auto, valid-exercis, wednesday, will-approveNEW YORK – (AP) The judge overseeing Chrysler’s bankruptcy case said Thursday that the automaker has a good case for the termination of 789 of its dealer franchises as part of its ongoing restructuring.
Also tagged arthur, automaker, chrysler, for-the, good-case, its-dealer, judge-overseeing, thursday, yorkNEW YORK – (AP) The judge overseeing Chrysler’s bankruptcy case said Thursday that the automaker has a good case for the termination of 789 of its dealer franchises as part of its ongoing restructuring.
Also tagged a-good-case, arthur, automaker-has, chrysler, for-the, franchises-as-part, good-case, its-dealer, its-ongoing, judge-overseeing, new, termination, thursday