Chapter 11, Chapter 13 Bankruptcy. Legal news and articles for February 1 - 1, 2013

Supreme Court rules against Ontario pension holders in bankruptcy caseGarcia's, Garfield's Restaurants Tell Workers About BankruptcyBankruptcy court OKs sale of Eurofresh Farms to NatureSweetOtelco to file prepackaged Chapter 11 bankruptcyOtelco To File Reorganization Plan With Bankruptcy Court - Quick FactsOtelco to file reorganization plan with Bankruptcy Court - Quick FactsDerby County investor Jeffrey Martinovich's fraud trial in US is pushed backLehman bankruptcy fees surpass $2 billion: court filing

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Supreme Court rules against pensioners in Indalex case
CBC.caFebruary 1, 2013

The Supreme of Court of Canada has rejected a lower court's decision that the pension plan of restructured company Indalex should be reimbursed before financial backers and other stakeholders get a crack at assets. The top court handed down its ruling ...more »

Futures industry reacts to critical report on Peregrine
Crain's Chicago BusinessFebruary 1, 2013

Cedar Falls, Iowa-based Peregrine, also known as PFGBest, collapsed into bankruptcy in July after the fraud was discovered at the same time the firm's CEO and founder, Russell Wasendorf Sr., tried to commit suicide. “My initial impressions are that ...more »

Chapter 11, Chapter 13 Bankruptcy. News and Stories

Supreme Court rules against Ontario pension holders in bankruptcy case
GlobalNews.caFebruary 1, 2013

OTTAWA - The Supreme Court of Canada has ruled against the pension plan members of a bankrupt Ontario company, saying they do not have priority over secured creditors. The landmark pension ruling on Friday represented a boost for companies with ...more »

Garcia's, Garfield's Restaurants Tell Workers About Bankruptcy
Wall Street Journal (blog)February 1, 2013

Two national restaurant chains that quietly filed for bankruptcy and tried to keep the news from their 1,400 employees caught the attention of a federal court watchdog, which has growled out an order to notify them. A representative from the U.S ...more »

Bankruptcy court OKs sale of Eurofresh Farms to NatureSweet
White Mountain IndependentFebruary 1, 2013

Bankruptcy court OKs sale of Eurofresh Farms to NatureSweet. Story · Comments (1). Print: Create a hardcopy of this page; Font Size: Default font size: Larger font size. Posted: Friday, February 1, 2013 5:00 am | Updated: 4:12 pm, Thu Jan 31, 2013.more »

Otelco to file prepackaged Chapter 11 bankruptcy
MarketWatchFebruary 1, 2013

Otelco Inc. (NASDAQ:OTT) plans to seek support for a prepackaged Chapter 11 bankruptcy filing from its senior subordinated notes holders in an effort to reduce its overall debt by roughly $135 million. The wireline telecommunication services provider ...more »

Otelco To File Reorganization Plan With Bankruptcy Court - Quick Facts
RTT NewsFebruary 1, 2013

After that period, Otelco intends to voluntarily file its reorganization plan with the U.S. Bankruptcy Court in Delaware. Michael Weaver, CEO of Otelco, said: "This filing will have no impact on our operations. Our offices are open, all our employees ...more »

Otelco to file reorganization plan with Bankruptcy Court - Quick Facts
RTT NewsFebruary 1, 2013

After that period, Otelco intends to voluntarily file its reorganization plan with the U.S. Bankruptcy Court in Delaware. Michael Weaver, CEO of Otelco, said: "This filing will have no impact on our operations. Our offices are open, all our employees ...more »

Derby County investor Jeffrey Martinovich's fraud trial in US is pushed back
Derby TelegraphFebruary 1, 2013

The Rams said although as a company MICG once had a small shareholding in the club, Martinovich was not an individual shareholder. The charges Martinovich faces include "mail fraud, wire fraud, bankruptcy fraud and unlawful monetary transactions".more »

Lehman bankruptcy fees surpass $2 billion: court filing
Thomson Reuters News & InsightFebruary 1, 2013

NEW YORK, Jan 31 (Reuters) - The cost of shepherding Lehman Brothers Holdings Inc through and beyond its record bankruptcy has surpassed $2 billion, as the former Wall Street investment bank prepares to make a third payment to creditors within three ...more »

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