Bankruptcy Law. Legal news and articles for April 28 - 30, 2017

Bankruptcy Clawbacks Create New Headaches for PhysiciansMontana Catholic officials say bankruptcy 'best and only way' to compensate the sexually abusedRecognition: Deborah Petersen Receives HonorsBankruptcy filings in metro DetroitDiocese seeks bankruptcy court approval on Billings school projectsBankruptcy risk as 'desperate' councils play the property marketCamping World Holdings wins Gander Mountain bankruptcy auctionAmid Westinghouse bankruptcy, officials extend agreement to keep Vogtle construction movingCamping World-led group wins bankruptcy auction for Gander MountainU.S. ag cooperative CHS hit by Brazil firm's bankruptcy filing -sourcesFarms exceed Chapter 12 bankruptcy debtJustice Department Says People in Marijuana Business Can't Use BankruptcyJustice Department Says People in Marijuana Business Can't Use BankruptcyCamping World-led group wins bankruptcy auction for Gander MountainCamping World-led group wins bankruptcy auction for Gander Mountain

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Peabody emerges from bankruptcy; stock trading resumes Tuesday
STLtoday.comApril 4, 2017

Competition from cheap natural gas had driven down coal prices, but Peabody officials insisted that a badly timed $5.2 billion acquisition of Australian mines in 2011 was a primary reason the company had to file Chapter 11. “Investors had said to us ...more »

Bankruptcy bounces around as backup plan
Chicago City WireApril 4, 2017

“I don't know whether bankruptcy ultimately is the answer for Illinois or some Illinois cities, and it seems unlikely that Congress will enact legislation permitting a state to file for bankruptcy, but having a bankruptcy option does offer important ...more »

Bankruptcy Law. News and Stories

Bankruptcy Clawbacks Create New Headaches for Physicians
Diagnostic ImagingApril 30, 2017

If physicians didn't have enough to worry about with governmental enforcement of Stark law, the Anti-kickback statute and other fraud, waste and abuse laws, many physicians are now finding their doors darkened by a new menace in the form of bankruptcy ...more »

Montana Catholic officials say bankruptcy 'best and only way' to compensate the sexually abused
Billings GazetteApril 30, 2017

“The Diocese did not seek (bankruptcy) to shirk any responsibility regarding sexual misconduct by clergy or any mistakes made by the Diocese's administration. The Diocese is not attempting to deny victims their day in court or hide the truth,” Eultgen ...more »

Recognition: Deborah Petersen Receives Honors
The Daily NonpareilApril 30, 2017

The American College of Bankruptcy inducted Deborah L. Petersen, attorney at Petersen Law PLLC in Council Bluffs, as a Fellow of the College on March 10, 2017 in Washington, D.C. There were 30 Fellows being honored and recognized for their ...more »

Bankruptcy filings in metro Detroit
Crain's Detroit BusinessApril 30, 2017

The following business filed for bankruptcy protection in U.S. Bankruptcy Court in Detroit April 21-27. Chapter 7 involves total liquidation. Ideation Inc., dba Daysprings Gifts, Crown & Carriage, All Things Made in America, Jones Gifts, Ann Arbor ...more »

Diocese seeks bankruptcy court approval on Billings school projects
Billings GazetteApril 30, 2017

On Tuesday, the court approved the diocese's request to shorten the notice time for the sale's approval because Head Start risks losing a $919,000 federal grant if it is not used in a timely basis. Head Start plans to use the grant to help buy the ...more »

Bankruptcy risk as 'desperate' councils play the property market
The GuardianApril 29, 2017

Desperate councils risk being plunged into an Icelandic-style financial crisis after investing £1.5bn in the commercial property market, according to Sir Vince Cable, former business secretary. Heavy cuts in central government funding have left the ...more »

Camping World Holdings wins Gander Mountain bankruptcy auction
TwinCities.com-Pioneer PressApril 29, 2017

Camping World Holdings Inc., and a group of liquidators won a bankruptcy auction for St. Paul-based Gander Mountain Co. on Friday, according to a bankruptcy court filing cited by Reuters. Reuters reported the winning bid for the sporting goods retailer ...more »

Amid Westinghouse bankruptcy, officials extend agreement to keep Vogtle construction moving
The Augusta ChronicleApril 29, 2017

But missed deadlines and cost overruns drove the Toshiba subsidiary company to file bankruptcy March 29. Georgia Power, a subsidiary of Southern Company and primary stakeholder in the Vogtle expansion, entered into an interim 30-day agreement to foot ...more »

Camping World-led group wins bankruptcy auction for Gander Mountain
Duluth News TribuneApril 29, 2017

Gander Mountain declined to comment and Lincolnshire, Ill.-based Camping World did not immediately respond to a request for comment. The auction results will require final approval from a U.S. bankruptcy court judge. Gander Mountain filed for ...more »

U.S. ag cooperative CHS hit by Brazil firm's bankruptcy filing -sources
NasdaqApril 28, 2017

O>, the biggest U.S. agricultural cooperative, is among the largest creditors of Brazilian commodities trader Seara Ind e Com de Produtos Agropecuários Ltda, which filed for bankruptcy protection last week, two sources with knowledge of the situation ...more »

Farms exceed Chapter 12 bankruptcy debt
Iowa Farmer TodayApril 28, 2017

Joseph Peiffer, who has practiced bankruptcy law in Cedar Rapids, Iowa, since 1985, said well more than half of the farmers coming into his office during the past two years did not qualify for a Chapter 12 bankruptcy because they had aggregate debts in ...more »

Justice Department Says People in Marijuana Business Can't Use Bankruptcy
Fox BusinessApril 28, 2017

The letter from Mr. White drew criticism from the country's largest group of consumer bankruptcy lawyers. North Carolina lawyer Ed Boltz, who monitors federal policy for the National Association of Consumer Bankruptcy Attorneys, said the Justice ...more »

Justice Department Says People in Marijuana Business Can't Use Bankruptcy
Wall Street Journal (subscription)April 28, 2017

People who make money from the marijuana industry can't use the federal bankruptcy courts when they get into financial trouble, says a Justice Department bankruptcy watchdog. U.S. Trustee Program director Cliff White wrote a letter to trustees who ...more »

Camping World-led group wins bankruptcy auction for Gander Mountain
STLtoday.comApril 28, 2017

The largest U.S. recreational vehicle dealer, Camping World Holdings Inc., and a group of liquidators won a bankruptcy auction for sporting goods retailer Gander Mountain Co. on Friday, according to a bankruptcy court filing. The value of the winning ...more »

Camping World-led group wins bankruptcy auction for Gander Mountain
ReutersApril 28, 2017

N), and a group of liquidators won a bankruptcy auction for sporting goods retailer Gander Mountain Co [GDMIN.UL] on Friday, according to a bankruptcy court filing. The value of the winning bid was about $390 million, according to people familiar with ...more »

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