Bankruptcy News
- Ocala Funding files bankruptcy, seeks to examine FHFA
A funding vehicle once controlled by Taylor, Bean & Whitaker filed for Chapter 11 protection and called for an examination of the federal regulator that oversees Freddie Mac.
- Lehman judge rules for trustee in ‘soft dollar’ battle
Calling the case the first of its kind, Judge James Peck said the commission arrangements do not give hedge funds and money managers “customer” status, allowing them to be repaid first.
- Breakingviews: Going broke can be true emergency for U.S. cities
Tax receipts from the housing boom swelled North Las Vegas’ coffers, igniting lavish spending. Along came the economic bust – and a $31 million deficit.
- Patriot Coal files for bankruptcy protection
The coal producer and marketer has struggled as customers have switched to cheaper natural gas, and plans on a comprehensive financial restructuring.
- Dewey calls meeting with ex-partners to talk settlement
The firm could have claims against partners who received hefty salary guarantees, as well as those perceived to have taken value when their clients followed them out the door.
- Bankrupt Alabama county asks for 2nd look at lawyer fees
Jefferson County wants Judge Thomas Bennett’s ruling from last month clarified. The ruling did not forbid using county revenues for paying lawyers for completed work.
