Information on San Antonio Bankruptcy, San Antonio Injury, & San Antonio Real Estate Law
The City of Vallejo has officially emerged from its three-year bankruptcy after a federal judge confirmed its Chapter 9 bankruptcy exit. U.S. Bankruptcy Judge Michael McManus posted a judgment on Friday that provides a short period of time for parties with some unfulfilled obligations to make an objection for the city’s exit plan. In an [...]
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Borders Group Inc’s plan to sell its real estate assets as well as its name was approved by a bankruptcy judge on Wednesday. The bookseller’s plan to auction its assets and name is its most recent move in the liquidation. U.S. Bankruptcy Judge Martin Glenn authorized the proposal to hold intellectual property rights auction on [...]
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Jackson Hewitt Tax Service Inc’s restructuring plan was approved by a court on Monday, paving the way for the tax preparer company to come out of bankruptcy. The agreement successfully completes a fast restructuring for the tax preparer company. It filed for bankruptcy protection in May under Chapter 11 with a prepackaged reorganization plan. U.S. [...]
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The Los Angeles Dodgers has agreed to accept Major League Baseball’s financing offer in order to keep the team operating while it is working on its bankruptcy exit. According to court papers filed, the Dodgers will take financing from the league for as much as $150 million. The agreement eliminates the team’s issue with the [...]
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Consumers in the U.S. who hold about $4,950 on their credit cards as stated by TransUnion, are going to be pleased to know that whatever modifications resulting from the downgrade will not be remarkable. And within a certain degree, protections against the changes have been set in place. The majority of the accounts with fixed [...]
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Landlords of Borders Group Inc filed objections for the bookstore sale plan on its leases as part of it is liquidation. According to them, the auction plan does not provide protection to their interests. There have been at least 20 landlords who filed their objections in the bankruptcy court. Nearly all are demanding for a [...]
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Fox Sports protests on the Los Angeles Dodgers’ proposal to employ Blackstone Group to promote its broadcasting rights that could possibly start a conflict with the biggest supporter of the team’s owner. Fox Sports is the primary television partner of the Dodgers. In court papers filed on Friday, the broadcaster said that the marketing plan [...]
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GOP leaders were cramming to save their budget plan to cut deficits on Friday after conservatives heightened an insurgence that added uncertainty on efforts to prevent a debt default on August 2. House of Representatives Speaker John Boehner failed to get adequate support for his proposal on Thursday. It unveiled a falling out in the [...]
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Banks charged of neglecting the signs of Madoff’s fraud have triumphed in a U.S. federal court, as a bankruptcy judge ruled that the trustee cannot pursue the majority of his claims seeking money for investors of the massive fraud. New York federal Judge Jed Rakoff’s decision can potentially impede trustee Irving Picard in trying to [...]
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