Bankruptcy Judge

Type: Keyphrase
Name: Bankruptcy Judge
First reported Jul 31 2014 - Updated 13 hours ago - 6 reports

Possible buyer for former North Adams hospital

NORTH ADAMS, (WSHM) -Medical services may soon be provided to a portion of the Berkshires once again after a federal bankruptcy judge approved the sale of the former North Adams Regional Hospital on Thursday.According to our media partners at Masslive ... [Published CBS 3 Springfield - 13 hours ago]
First reported Jul 31 2014 - Updated 16 hours ago - 2 reports

Federal court asked to suspend Detroit bankruptcy appeals

A federal court was asked on Thursday tosuspend seven pending appeals over Detroit's eligibility forbankruptcy until the city concludes a confirmation process forits plan to adjust $18 billion of debt.Attorneys for the city, Michigan, Detroit pension ... [Published Reuters - 17 hours ago]
First reported 19 hours ago - Updated 19 hours ago - 1 reports

Mealey's PI/Product Liability - Class Action Against 'New GM' Subject To Stay, Bankruptcy Judge Rules

NEW YORK - Claims in an ignition-switch defect class action involve both Old (presale) GM and New (post-sale) GM and are therefore subject to stay, the bankruptcy judge overseeing General Motors Corp.'s (GM) Chapter 11 case ruled July 30 (In re: Chapter ... [Published Mealey - 19 hours ago]
First reported 23 hours ago - Updated 19 hours ago - 1 reports

Bankruptcy Court OKs BMC Bid for Northern Berkshire Healthcare Assets

SPRINGFIELD, Mass. — A U.S. Bankruptcy judge on Thursday morning approved the  sale of the assets of the defunct Northern Berkshire Healthcare to Berkshire Medical Center for $4 million.BMC, headquartered in Pittsfield, was  the only bidder on the facilities ... [Published IBerkshires.com - 23 hours ago]
First reported Jul 30 2014 - Updated 23 hours ago - 4 reports

Revel executives could get $1.7M in bonuses for selling casino, report says

Revel managers could receive $1.75 million in bonuses for selling the casino, according to a . U.S. Bankruptcy Judge Gloria Burns approved the executive bonus plan on Wednesday, the report said. The ruling did not disclose the names of the employees and ... [Published New Jersey Online - 23 hours ago]
First reported Jul 31 2014 - Updated Jul 31 2014 - 1 reports

Rhodes denies request to expedite Detroit's lawsuit over pension debt

The city of Detroit’s lawsuit to make roughly $1.4 billion in pension debt disappear can proceed, but not as quickly as it would like.U.S. Bankruptcy Judge Steven Rhodes today denied a request by Detroit leaders to expedite the lawsuit – though he did ... [Published Detroit Free Press - Jul 31 2014]
First reported Jul 31 2014 - Updated Jul 31 2014 - 1 reports

Start of Detroit's bankruptcy hearing postponed

DETROIT (WKZO) -- A hearing on Detroit's bankruptcy restructuring plan has been postponed by one week.Bankruptcy Judge Stephen Rhodes says he moved the start of the hearing to August 21st because the city just filed its fifth version of its restructuring ... [Published 92.9 WLMI - Jul 31 2014]
First reported Jul 30 2014 - Updated Jul 30 2014 - 1 reports

Bankrupt Revel gets OK to give $1.75M in bonuses to its execs

Rolling Chair operator Jean Desir waiting for fares near the Revel in Atlantic City on Thursday. TOM GRALISH / Staff PhotographerTravel DealsHarold Brubaker, Inquirer Staff WriterA bankruptcy judge on Wednesday approved a bonus plan that could pay a total ... [Published Philly.com - Jul 30 2014]
First reported Jul 30 2014 - Updated Jul 30 2014 - 4 reports

Judge orders mediator to resolve Milwaukee Archdiocese bankruptcy case

2:05 p.m. CDTMILWAUKEE (WTAQ) - Federal Bankruptcy Judge Susan Kelley has ordered a mediator to try and resolve the three-and-a-half year old bankruptcy case involving the Milwaukee Catholic Archdiocese.At a hearing Wednesday, Kelley said mediation would ... [Published WTAQ News Talk - Jul 30 2014]
First reported Jul 30 2014 - Updated Jul 30 2014 - 2 reports

Judge Clears Private Equity Firm to Buy Pacific Steel's Plants

Daily Bankruptcy Review ,,(c) 2014 Dow Jones & Company, Inc.Private equity firm Speyside Equity is preparing to buy Pacific Steel Casting Co.'s three steel parts-making plants in Berkeley, Calif., after a bankruptcy judge approved the firm's $11.3 million ... [Published Dow Jones DBR Small Cap Alert - Jul 30 2014]
First reported Jul 30 2014 - Updated Jul 30 2014 - 1 reports

Judge Approves Natrol Settlement, Keeps Deadline Secret

A bankruptcy judge on Wednesday agreed to approve a key settlement between vitamin company Natrol Inc . and Cerberus Capital Management 's midmarket commercial lending unit, and he said he'd allow the companies to shield an important detail from public ... [Published Dow Jones Financial Information Services - Jul 30 2014]
First reported Jul 30 2014 - Updated Jul 30 2014 - 2 reports

Detroit drops proposal for bankruptcy 'plan monitor'

The city dropped plans late Tuesday to install a court-appointed official to oversee compliance with Emergency Manager Kevyn Orr's plan to shed more than $7 billion in debt.The so-called “plan monitor” was eliminated from an updated version of Detroit’s ... [Published Detroit News - Jul 30 2014]

Quotes

...As City Manager Keith Breskin explains, "In the current fiscal year, the budget is balanced by allocating over $750,000 from the City's reserves, a practice that is not sustainable. In fact, without a decrease in expenditures or increase in revenues, the City will exhaust its reserve dollars in approximately four years and face severe consequences as a result of its anticipated inability to meet its obligations in subsequent years."
"By enacting the Recovery Act, the governing party in Puerto Rico gave a clear signal that one or more of its government-owned corporations might seek to adjust their debts in the future. This signal generated a strong negative reaction from the bond market and credit rating agencies. It also led to legal challenges filed by investors represented by some of the best law firms in the nation, who argue that the Puerto Rico government does not have the power to enact this law. If the governing party concluded that restructuring is the only option in the case of specific government-owned corporations, it should have considered--and had a transparent public debate about--whether there was an alternative way to accomplish this objective" said Pierluisi
"Holding the appeals in abeyance also ensures that this court will not unnecessarily decide important state and federal constitutional issues" the attorneys said in a letter to the 6th Circuit Court of Appeals in Cincinnati
"We see today’s development as yet another important step onon the road to the nurses’ and the community’s ultimate goal, which is the restoration of a full-service hospital to protect the health of the residents of Northern Berkshire County. We're optimistic because Berkshire Medical Center operates Fairview Hospital in Southern Berkshire County and understands the need for hospital services in both South County and North County. We intend to continue to work with our allies in the community, local, state and federal policymakers and BMC to achieve this goal."

More Content

All (809) | News (611) | Reports (0) | Blogs (197) | Audio/Video (0) | Fact Sheets (0) | Press Releases (1)
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Chris Christie’s latest big lie: Bankrupt scare... [Published Salon - 11 mins ago]
Retailer Dots Bounces Back After Shutting Down ... [Published WSJ.com: Bankruptcy Beat - 1 hour ago]
Bill Would Let ‘Medically Distressed’ Cast Off ... [Published WSJ.com: Bankruptcy Beat - 2 hours ago]
Will voters have chance to decide on UUT? [Published Friday Flyer - 4 hours ago]
Pierluisi Introduces Bill to Include Puerto Ric... [Published HispanicBusiness.com - 8 hours ago]
Possible buyer for former North Adams hospital [Published CBS 3 Springfield - 13 hours ago]
San Bernardino's bankruptcy reaches two-year ma... [Published San Bernardino County Sun - 14 hours ago]
Creditors, city of Detroit ask appeals court to... [Published Detroit Free Press - 16 hours ago]
Federal court asked to suspend Detroit bankrupt... [Published Reuters - 17 hours ago]
Bid for NARH accepted by bankruptcy judge [Published Fox 23 New York - 18 hours ago]
Bankruptcy court approves North Adams Hospital ... [Published WNYT - 18 hours ago]
Archdiocese of Milwaukee Must Pay Legal Fee Bil... [Published JD Journal - 18 hours ago]
Archdiocese of Milwaukee Must Pay Legal Fee Bil... [Published JD Journal.com - 18 hours ago]
The politics of the Detroit People’s Water Board [Published RINF.com - 18 hours ago]
Mealey's PI/Product Liability - Class Action Ag... [Published Mealey - 19 hours ago]
Tainted steroid shots take emotional, financial... [Published 22 WSBT - 19 hours ago]
Sale of North Adams Regional Hospital site appr... [Published Business First of Buffalo - 19 hours ago]
North Adams Regional Hospital reaction , Attorn... [Published MassLive - 20 hours ago]
Bankruptcy Update: Detroit Water, Plan of Adjus... [Published WDET 101.9FM - 22 hours ago]
Bankruptcy Court OKs BMC Bid for Northern Berks... [Published IBerkshires.com - 23 hours ago]
Revel executives could get $1.7M in bonuses for... [Published New Jersey Online - 23 hours ago]
North Adams Regional Hospital sale to Berkshire... [Published MassLive - Jul 31 2014]
Revel executives could net millions in casino sale [Published Los Angeles Business - Jul 31 2014]
Rhodes denies request to expedite Detroit's law... [Published Detroit Free Press - Jul 31 2014]
Sioux City Riverboat Casino deals its last deck [Published Yogonet.com - Jul 31 2014]
Bankruptcy judge to review bids for NARH [Published WTen.com - Jul 31 2014]
Howes: Duggan right guy for city water job [Published Detroit News - Jul 31 2014]
Appeals court sets deadline for Detroit creditors [Published 92.9 WLMI - Jul 31 2014]
Good Enterprises trustee: some creditors got ea... [Published Lancaster Online - Jul 31 2014]
Start of Detroit's bankruptcy hearing postponed [Published 92.9 WLMI - Jul 31 2014]
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Blogs

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Retailer Dots Bounces Back After Shutting Down ... [Published WSJ.com: Bankruptcy Beat - 1 hour ago]
Bankruptcy seemed to signal the end for trendy women’s clothing retailer Dots, which emptied its 359 stores with going-out-of-business sales this spring. But a Florida firm in the retail industry bought the Dots brand and is slowly resurrecting it, ...
Bill Would Let ‘Medically Distressed’ Cast Off ... [Published WSJ.com: Bankruptcy Beat - 2 hours ago]
A Rhode Island lawmaker slipped a potential gift for debt-laden graduates into his proposal to tweak the consumer bankruptcy rules: a provision allowing those with crushing medical bills to eliminate their student loans, too. The Medical Bankruptcy ...
Archdiocese of Milwaukee Must Pay Legal Fee Bil... [Published JD Journal.com - 18 hours ago]
On Wednesday, U.S. Bankruptcy Judge Susan V. Kelley ruled that the Milwaukee archdiocese must pay legal and professional fees they have accrued over the last 17 months. The diocese must use $1.35 million in surplus cash, according ...
The Examiners: Adam Levitin on Argentina and Di... [Published WSJ.com: Bankruptcy Beat - Jul 29 2014]
As Argentina finds itself   on the verge of a second default , what blame, if any, does the distressed investing community hold? The blame for Argentina’s impending default lies primarily with the U.S. courts, not with the distressed debt investing ...
Nortel’s Bond Interest Rate Fight Sends U.S., C... [Published WSJ.com: Bankruptcy Beat - Jul 25 2014]
The U.S. and Canadian judges who will decide how to divide $7.3 billion raised in the liquidation of the former Canadian technology icon went their separate ways Friday, with the U.S. judge canceling and the Canadian judge forging ahead with a hearing ...
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Press Releases

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Lehman Bankruptcy Judge James M. Peck To Join M... [Published Financial Services - Feb 19 2014]
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