Insolvency & Bankruptcy Courts

AIRLINE INDUSTRY INFORMATION-(C)1997-2012 M2 COMMUNICATIONS Global Aviation Holdings Inc on Tuesday said that it has received approval for all critical motions at its "first-day" hearing in the United States Bankruptcy Court for the...

[ILLUSTRATION OMITTED] The biggest wave of business bankruptcies may be over (key words here are "may be," pending the economy's trajectory), but that's not to say the courts will be devoid of with...

While trade creditors continue to grapple with the scourge of preference litigations, they have been able to use the subsequent new value defense, arising under Section 547(c)(4) of the Bankruptcy Code, to reduce...

M2 BEST BOOKS-(C)2000-2012 M2 COMMUNICATIONS Financially troubled American Airlines received on Friday permission from the US Bankruptcy Court in New York to back out of nine aircraft leases, an attorney for the company...

AIRLINE INDUSTRY INFORMATION-(C)1997-2012 M2 COMMUNICATIONS Financially troubled American Airlines received on Friday permission from the US Bankruptcy Court in New York to back out of nine aircraft leases, an attorney for the company...

When it comes to Suffolk Regional Off-Track Betting Corp., it looks like the on-again, off-again bankruptcy, which was scratched after objections, may be nearing the starting line once more. After a judge threw...

A lawyer could be disbarred for making false statements in the bankruptcy case of a client who wanted to hide her husband's income, the New Hampshire Supreme Court has ruled. The lawyer represented...

Bankruptcy filings declined in the New Orleans area in 2011, and there are a variety of theories as to why. Tight credit in the business world and consumers still reeling from the downturn...

20 Jan 2012 GLOBAL - The outlook for Kodak's UK pension scheme is "worrying" now that parent company Eastman Kodak has filed for bankruptcy protection in the US, but guarantees give hope, law...

Large Holography Patent Portfolio To Be Monetized In Chapter 11 Restructuring LONGMONT, Colo. -- Signal Lake, majority shareholder in InPhase Technologies, the global leader in holographic digital storage, today announced that it has...

Flow of Goods and Services to Customers to Continue Globally in Ordinary Course Non-U.S. Subsidiaries Are Not Included in U.S. Filing and Are Not Subject to Court Supervision Company Secures $950 million in...

* Recapitalization via consensual agreement with senior lenders holding 83% of senior debt will convert approximately $245 million of senior secured debt into controlling equity stake * Transaction to be completed through "pre-negotiated"...

Net sales increase 9.6% to first quarter record $2.248 million; Net income up 30.9% to $755,000 LANCASTER, Calif. -- Simulations Plus, Inc. (NASDAQ: SLP), a leading provider of simulation and modeling software for...

Company continues strategic reorganization process to restructure balance sheet as it provides uninterrupted service to customers JACKSONVILLE, Fla. -- Trailer Bridge, Inc. ("Trailer Bridge" or the "Company") (OTC: TRBRQ) today announced that it...

Bankruptcy filings in the Indianapolis area fell 17 percent last year, more than in the nation as a whole, but attorneys don't see an improving economy in those figures. They say the decline...

The U.S. Bankruptcy Court for the Eastern District of Louisiana saw an 11.6 percent drop in the total number of bankruptcy filings it received in 2011 compared with 2010, according to figures released...

SAN DIEGO -- On December 29, 2011, Accredited Mortgage Loan REIT Trust ("Accredited REIT") received a distribution from the Liquidating Trust in the matter styled In Re: Accredited Home Lenders Holding Co., et...

JERICHO, N.Y. -- Getty Realty Corp. (NYSE-GTY) (the "Company") announced that the United States Bankruptcy Court (the "Court") in the bankruptcy case of Getty Petroleum Marketing, Inc. ("Marketing"), the Company's largest tenant, issued...

A United States Bankruptcy Court judge has ordered Getty Petroleum Marketing to pay $9 million in post-bankruptcy rent and real estate taxes for December 2011 and January 2012. Southern District of New York...