Chapter 11, Chapter 13 Bankruptcy. Legal news and articles for February 29 - 29, 2012

Futures Industry Proposes Initial Fixes After MF Global CollapseUS National Slavery Museum to present plan in bankruptcy courtAustin Bankruptcy Attorney Christy B. ChristopherAmerican Airlines Pilots: Bankrupt Carrier Has Little Interest In Consensual DealAllied Pilots Association Files Lawsuit with Bankruptcy Court “To Clarify ...Ener1 Says Court Confirms Pre-packaged Plan Of Reorganization;To Exit Chapter 11Court Confirms Ener1's Plan of ReorganizationCliffs subsidiary files for bankruptcyAllied Pilots Association Files Lawsuit with Bankruptcy Court “To Clarify ...Stockton, Calif., takes 'first step towards bankruptcy'Bankruptcy Still an Option as Florida Mediation Program FailsKodak ripple-effect hits home for Penfield manSPIRA v. J.P. MORGAN CHASE & CO.Troubled Kodak moves to drop some retiree benefitsState shutdown hits Peninsula Hospital's bankruptcy proceedings

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Sex abuse allegations in bankruptcy case reveal no safety crisis, judge says
Milwaukee Journal SentinelFebruary 29, 2012

By Annysa Johnson of the Journal Sentinel The judge in the Archdiocese of Milwaukee bankruptcy case said Wednesday that a review of sex abuse allegations in the case reveals no current child safety crisis and that suggestions otherwise - by lawmakers ...more »

AMR Won't Give U.S. Bank More Protection on Aircraft Collateral for Loans
BloombergFebruary 29, 2012

US Bankruptcy Judge Sean Lane in Manhattan today denied requests from US Bank Trust NA and Wilmington Trust Co., saying the company currently had more than enough value to protect both banks' collateral, and that they could come back later if that ...more »

Chapter 11, Chapter 13 Bankruptcy. News and Stories

Futures Industry Proposes Initial Fixes After MF Global Collapse
BloombergFebruary 29, 2012

The futures industry is recommending more rigorous reporting and internal controls for brokerages as $1.6 billion of customer money is still unaccounted for after the bankruptcy of MF Global Holdings Ltd. Brokerages should be required to submit daily ...more »

US National Slavery Museum to present plan in bankruptcy court
Today's THVFebruary 29, 2012

(AP) - An attorney for the US National Slavery Museum is headed back to bankruptcy court to outline a reorganization plan for the debt-ridden dream of former Virginia Gov. L. Douglas Wilder. The court will consider a plan Wednesday filed earlier this ...more »

Austin Bankruptcy Attorney Christy B. Christopher
openPR (press release)February 29, 2012

(openPR) - The Law Office of Christy B. Christopher (www.austintxbankruptcylawyer.net) helps individuals in the Austin, Texas, area with Chapter 7 bankruptcy, Chapter 13 bankruptcy, foreclosures, loan modifications and creditor settlements.more »

American Airlines Pilots: Bankrupt Carrier Has Little Interest In Consensual Deal
Huffington PostFebruary 29, 2012

AMR Corp, the parent of American Airlines, said last week it needs concessions in a matter of weeks and did not have the "luxury of time" if it was to emerge from Chapter 11 in the near term. "To say that I am disappointed would be an understatement.more »

Allied Pilots Association Files Lawsuit with Bankruptcy Court “To Clarify ...
Business Wire (press release)February 29, 2012

Accordingly, APA has asked the bankruptcy court to clarify a legal gray area regarding rejection of airline industry collective bargaining agreements in bankruptcy.” While Section 1113 of the US Bankruptcy Code outlines procedures for rejecting ...more »

Ener1 Says Court Confirms Pre-packaged Plan Of Reorganization;To Exit Chapter 11
NASDAQFebruary 29, 2012

The plan provides for a restructuring of the company's long-term debt and the infusion of up to $86 million of new equity funding, which will support the continued operation of Ener1's subsidiaries. In addition to the new equity funding, the holders of ...more »

Court Confirms Ener1's Plan of Reorganization
PR Newswire (press release)February 29, 2012

Court documents filed in the Chapter 11 Case (other than documents filed under seal or otherwise subject to confidentiality protections) will be accessible at the Bankruptcy Court's Internet site, www.nysb.uscourts.gov, through an account obtained from ...more »

Cliffs subsidiary files for bankruptcy
Greenville NewsFebruary 29, 2012

By David Dykes The Cliffs Club & Hospitality Group Inc., part of developer Jim Anthony's golf- and luxury-home company, filed for bankruptcy protection Tuesday, beginning the expected but still stunning rewrite of one of the Upstate's most remarkable ...more »

Allied Pilots Association Files Lawsuit with Bankruptcy Court “To Clarify ...
SunHerald.comFebruary 29, 2012

“APA believes that a consensual agreement between our union and airline management is in our company's long-term best interests. Accordingly, APA has asked the bankruptcy court to clarify a legal gray area regarding rejection of airline industry ...more »

Stockton, Calif., takes 'first step towards bankruptcy'
msnbc.comFebruary 29, 2012

And now, officials say this river port city of 290000 is on the brink of insolvency and could become the nation's largest city to fall into Chapter 9 bankruptcy protection. The City Council voted late Tuesday to use a new California law to enter ...more »

Bankruptcy Still an Option as Florida Mediation Program Fails
Law Firm Newswire (press release)February 29, 2012

Brandon, FL (Law Firm Newswire) February 29, 2012 – The Florida Supreme Court recently abandoned its efforts at a statewide mediation program for residential foreclosure cases. Lack of participation and low rates of loan modification meant the program ...more »

Kodak ripple-effect hits home for Penfield man
Penfield PostFebruary 29, 2012

By Bethany Young, staff writer Jeff Tara didn't work at Kodak, but he was among many linked to the company when it filed for Chapter 11 Bankruptcy more than one month ago. Tara worked as a graphic designer and branding consultant at Forward Branding in ...more »

SPIRA v. J.P. MORGAN CHASE & CO.
Leagle.comFebruary 29, 2012

("Chase") and Mait, Wang & Simmons ("Mait") violated state and federal law in restraining and executing against his bank account which allegedly contained only Social Security funds. See Fed. R. Civ. P. 12(b)(6). In reviewing the dismissal de novo, ...more »

Troubled Kodak moves to drop some retiree benefits
Boston.comFebruary 29, 2012

The move, which would take effect May 1, would save the Rochester-based photography company about $20.5 million a year, according to a motion filed in US Bankruptcy Court, where Kodak began Chapter 11 proceedings on Jan. 19. Only retirees who stopped ...more »

State shutdown hits Peninsula Hospital's bankruptcy proceedings
New York Daily NewsFebruary 29, 2012

A state-ordered shutdown of Peninsula Hospital's lab is have a major ripple effect in the hospital's ongoing bankruptcy proceedings, the Daily News has learned. In a marathon Monday court session, officials debated the appointment of a trustee, ...more »

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