Chapter 11, Chapter 13 Bankruptcy. Legal news and articles for April 25 - 27, 2017

Southern's Georgia Power Objects to Westinghouse Bankruptcy Loan -- UpdateAll Wells May Not End Well: Alberta Court of Appeal Rules that Receivers and Trustees Can Orphan "Bad" WellsSafety and Soundness and the Bankruptcy Code: Does a Bank Commit a Safety and Soundness Violation by Failing to ...South Arkansas bankruptcies for the week ended Tuesday, April 25, 2017Cook Inlet gas producer in bankruptcy court offers to sell producing wells, other assetsLouisiana's GLO files for Chapter 11; to continue opsMassachusetts Bankruptcy Court Confirms that Chapter 13 Debtors May “Strip Off” Second MortgagesBankruptcy court to review new, old bids for mining project | The ...Benefits of Filing Bankruptcy That Riverside, California Residents May Not KnowAsst. AG calls proposal to buy Dusty Old Cars business a 'get out of jail free card'GLO Airlines can continue flights after Chapter 11 filing, court rulesU.S. Bank fined $15 million for bankruptcy filing violations | 2017-04 ...New Orleans-based GLO Airlines: Court to allow flights to continue following bankruptcy filingKent Lindemuth faces contempt allegation in divorce case | The ...Lindemuth faces contempt allegation in divorce case | The Topeka ...

Top Picks in News

What Constitutes 'Proper' Notice | New York Law Journal
New York Law Journal (registration)March 27, 2017

Bruce Buechler writes: Proper notice is a hallmark of all bankruptcy proceedings. If a creditor or party-in-interest has no notice of a particular matter, ma...more »

After bankruptcy filing, new Westinghouse chairman named
Pittsburgh Post-GazetteApril 4, 2017

But Michael Wiles, a U.S. bankruptcy court judge in the Southern District of New York, was concerned about Westinghouse's stated intent of using some of that money to fund operations at non-U.S. affiliates, such as fuel and service businesses in Europe ...more »

Chapter 11, Chapter 13 Bankruptcy. News and Stories

Southern's Georgia Power Objects to Westinghouse Bankruptcy Loan -- Update
Fox BusinessApril 27, 2017

Owners of the Vogtle plant have been paying $5.4 million a week to continue construction under an agreement struck with Westinghouse before it filed for bankruptcy March 29, court papers say. By Friday, Georgia Power is supposed to decide whether to ...more »

All Wells May Not End Well: Alberta Court of Appeal Rules that Receivers and Trustees Can Orphan "Bad" Wells
Lexology (registration)April 27, 2017

The ABCA found in favour of receivers, trustees and secured creditors on the basis that the Bankruptcy and Insolvency Act (the BIA) takes precedence over the provincial oil and gas regulatory schemes, making such schemes inoperative to the extent that ...more »

Safety and Soundness and the Bankruptcy Code: Does a Bank Commit a Safety and Soundness Violation by Failing to ...
Lexology (registration)April 27, 2017

Perhaps, Compliance Departments and Risk Management Departments along with Audit Departments should rethink the importance of bank compliance with Bankruptcy laws and rules both as a way to mitigate regulatory risk and as a way to make sure the risk ...more »

South Arkansas bankruptcies for the week ended Tuesday, April 25, 2017
MagnoliareporterApril 27, 2017

Consolacion P Oliver, A/K/A Connie Oliver, 1309 Harold Ellen Drive, El Dorado; Chapter 7; bankruptcy filed April 18. Chasity L. Kendrix, 331 W. Cedar St., Apt. B, El Dorado; Chapter 13; bankruptcy filed April 18. Ruby Jean Jackson, A/K/A Ruby Gill, 270 ...more »

Cook Inlet gas producer in bankruptcy court offers to sell producing wells, other assets
Alaska Dispatch NewsApril 27, 2017

A small natural gas producer in Cook Inlet, hoping to liquidate assets under a reorganization plan filed in U.S. bankruptcy court in Alaska, could soon be selling everything from functioning gas wells to front-end loaders and pickup trucks. But rather ...more »

Louisiana's GLO files for Chapter 11; to continue ops
ch-aviationApril 27, 2017

GLO (VTE, New Orleans Int'l) has filed for US Chapter 11 bankruptcy protection citing at least twenty unsecured creditors the airline owes more than USD3 million. Documents lodged with a US Federal bankruptcy court in New Orleans on Sunday, April 24, ...more »

Massachusetts Bankruptcy Court Confirms that Chapter 13 Debtors May “Strip Off” Second Mortgages
JD Supra (press release)April 26, 2017

Caulkett does not affect a chapter 13 debtor's ability to strip off a second mortgage. In Caulkett, the Supreme Court held that a debtor in a chapter 7 bankruptcy may not void a junior mortgage lien under 11 U.S.C. § 506(d) when the debt owed on a ...more »

Bankruptcy court to review new, old bids for mining project | The ...
BusinessNorth.comApril 26, 2017

Chippewa Capital Partners LLC has committed $250 million to sponsor a reorganization plan for the bankrupt Essar Steel Minnesota LLC (ESML) mine and ...more »

Benefits of Filing Bankruptcy That Riverside, California Residents May Not Know
Digital JournalApril 26, 2017

"The type of bankruptcy someone files depends on their circumstances," said bankruptcy attorney Lauren Rode. "Chapter 7 and Chapter 13 bankruptcies are the most common for at-risk homeowners." Indeed, they are common. Last year in Riverside County ...more »

Asst. AG calls proposal to buy Dusty Old Cars business a 'get out of jail free card'
The Union LeaderApril 26, 2017

Reich Brothers Business Solutions LLC sent a letter to the bankruptcy trustee about its interest in buying the business for $1.5 million, Boffetti said. One condition, he said, is that the attorney general issue a “no adverse action” letter for ...more »

GLO Airlines can continue flights after Chapter 11 filing, court rules
New Orleans CityBusiness (blog)April 25, 2017

New Orleans startup GLO Airlines can continue its regional nonstop flights that were jeopardized by a contract dispute with its aircraft operator that prompted GLO to file for bankruptcy protection. The public charter airline, founded by local attorney ...more »

U.S. Bank fined $15 million for bankruptcy filing violations | 2017-04 ...
HousingWireApril 25, 2017

The Office of the Comptroller of the Currency announced Tuesday that it is ordering U.S. Bank National Association to pay a civil penalty of $15 million for what it ...more »

New Orleans-based GLO Airlines: Court to allow flights to continue following bankruptcy filing
The AdvocateApril 25, 2017

The company said in a news release that it reached an agreement in federal bankruptcy court Tuesday afternoon under which it can continue to operate at full service to all destinations. Looking to attract business travelers and others eager for an ...more »

Kent Lindemuth faces contempt allegation in divorce case | The ...
Topeka Capital JournalApril 25, 2017

Topeka businessman Kent D. Lindemuth — defendant in more than 100 counts of criminal bankruptcy fraud in federal court and whose real estate, business ...more »

Lindemuth faces contempt allegation in divorce case | The Topeka ...
Topeka Capital JournalApril 25, 2017

Kent D. Lindemuth — defendant in more than 100 counts of criminal bankruptcy fraud in federal court and whose real estate, business assets and more than ...more »

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