Bankruptcy News

News Yahoo! News Search Results for bankruptcy Yahoo! News Search Results for bankruptcy Lawyers, accountants seek big fees in Rothstein bankruptcy (Sun-Sentinel) Attorneys and accountants for the court trustee in the messy bankruptcy of Ponzi schemer Scott Rothstein's collapsed law firm have asked a judge to authorize nearly $2.2 million in fees for less than three months' work. Lyondell gets court nod to emerge from bankruptcy (Express India) LyondellBasell won court approval on Thursday for a $450 million settlement to resolve litigation with creditors over its 2007 leveraged buyout and pave the way for the big chemical company to emerge from bankruptcy. Auto Cast emerges from bankruptcy (WOOD TV 8 Grand Rapids) Auto Cast, Inc. emerged from Chapter 11 bankruptcy Friday, seven months after seeking protection in federal court. JAL begins bankruptcy proceedings (OK Nation News Blogs) In the country's biggest corporate bankruptcy case not involving financial institutions, Japan Airlines Corp. and two group companies filed for court protection Tuesday at the Tokyo District Court. A New Chapter for Bankruptcy (New York Times) A proposal to make our bankruptcy system simpler and to make it easier for debtors to get back on their feet. Hecker won't shed debt in bankruptcy (Minneapolis-St. Paul Star Tribune) Another bombshell fell in Denny Hecker's bankruptcy Friday - the defeated auto mogul agreed with the bankruptcy trustee that his $767 million in debt will not be forgiven. Trustee tires of delay in Majestic Star Casino bankruptcy plan (The Indianapolis Star) The indenture trustee on $300 million of second-lien notes owed by Majestic Star Casino LLC told the bankruptcy judge in a March 10 filing that there has been "no discernable progress toward a balance sheet restructuring" since the casino operator defaulted on the debt 17 months ago, according to a Bloomberg new report today. Lehman Insolvent Weeks Before Bankruptcy: Examiner (Fox News) A new report shows the failed Lehman Brothers used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy. Willcom Seeks $1.5 Billion to Emerge From Bankruptcy (Update1) (Bloomberg) March 12 (Bloomberg) -- Willcom Inc. , the Japanese wireless carrier that filed for bankruptcy protection, is seeking financial aid of as much as 137.8 billion yen ($1.5 billion) to revive the company. Lehman insolvent weeks before bankruptcy: examiner (Reuters via Yahoo! News) Lehman Brothers Holdings Inc used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008, a court-appointed examiner said, but he did not find extensive wrongdoing.