Bankruptcy Judge

Type: Keyphrase
Name: Bankruptcy Judge
First reported 20 hours ago - Updated 2 hours ago - 3 reports

Detroit reaches bankruptcy deal with fiercest creditor

By Lisa LambertDETROIT (Reuters) - Detroit on Monday officially settled with one of its fiercest creditors, removing a major hurdle for the city to exit its historic bankruptcy but possibly creating another delay in the trial on restructuring its $18 ... [Published Bayou Buzz - 7 hours ago]
First reported 11 hours ago - Updated 2 hours ago - 1 reports

BANKRUPTCY SCORECARD: DAY 8

Witnesses: Glenn Bowen and Alan Perry, actuarial experts for Milliman, a consultant that advised the city on pension funding, and Martha Kopacz, the expert witness U.S. Bankruptcy Judge Steven Rhodes hired to assess the feasibility of Detroit’s bankruptcy ... [Published Detroit Free Press - 11 hours ago]
First reported 19 hours ago - Updated 8 hours ago - 1 reports

Revel bidder says parts of building could reopen quickly

Harold Brubaker, Inquirer Staff WriterPosted:Monday, September 15, 2014, 12:08 PMAn attorney for Florida investor Glenn Straub, who last week bid $90 million for the shuttered Revel Casino Hotel in Atlantic City, told U.S. Bankruptcy Judge Gloria M. Burns ... [Published Philly.com - 19 hours ago]
First reported Sep 14 2014 - Updated Sep 14 2014 - 1 reports

Company to sell local retirement community

The parent company of Craig Methodist Retirement Community in Amarillo has completed a letter of intent to sell the facility and possibly three others in Texas as a way to get rid of at least some of the $160 million in debt that landed it in bankrup ... [Published Amarillo Globe News - Sep 14 2014]
First reported Sep 13 2014 - Updated Sep 13 2014 - 1 reports

The Sixth Circuit has a new chief

Judge R. Guy Cole, Jr. became the Chief Judge of the Sixth Circuit on August 15. Prior to his nomination to the Sixth Circuit, Chief Judge Cole had a diverse range of experience, including both public service and private practice: a litigator at the United ... [Published Lexology - Sep 13 2014]
First reported Sep 12 2014 - Updated Sep 12 2014 - 1 reports

Bankrupt San Bernardino, California, can cut firefighter benefits, judge says | Reuters

7:51pm EDT RIVERSIDE Calif. (Reuters) - The city of San Bernardino, California, may impose cuts to its firefighters overtime and pension benefits in a bid to reach a bankruptcy exit plan, the federal judge overseeing the case said on Thursday.In a tentative ... [Published DailyMe.Com - Sep 12 2014]
First reported Sep 11 2014 - Updated Sep 11 2014 - 1 reports

Detroit bankruptcy judge orders 2 holdout creditors into mediation

Detroit — Two bond insurers who teamed up to fight Detroit’s debt-cutting plan before one struck a deal Tuesday were ordered to attend closed-door negotiations in hopes of reaching settlements that could end the city’s landmark bankruptcy case.Chief U.S. ... [Published Detroit News - Sep 11 2014]
First reported Sep 10 2014 - Updated Sep 11 2014 - 4 reports

Trump Entertainment gets interim operating cash

A Delaware bankruptcy judge on Wednesday agreed to allow Trump Entertainment Resorts to temporarily continue operations using cash owed to billionaire Carl Icahn, the company's sole secured lender.Trump Entertainment Resorts ... [Published Yahoo! News - Sep 10 2014]
First reported Sep 10 2014 - Updated Sep 11 2014 - 3 reports

Detroit reaches deal that could speed bankruptcy exit

The city of Detroit has struck a deal with a major bondholder that could expedite the city’s exit from the largest municipal bankruptcy in US history.Syncora Guarantee Inc., an international bond insurer based in New York and London that had been one ... [Published DailyMe.Com - Sep 11 2014]
First reported Sep 10 2014 - Updated Sep 10 2014 - 5 reports

Detroit Bankruptcy Trial On Hold Amid Settlement Talks

DETROIT—A federal bankruptcy judge temporarily stopped a trial in the nation's largest municipal bankruptcy case Wednesday after the city of Detroit and one of its staunchest critics reached a tentative agreement. ... [Published Law Blog - Sep 10 2014]
First reported Sep 10 2014 - Updated Sep 10 2014 - 2 reports

What is Syncora?

Syncora Guarantee is a Bermuda-based holding company that insures credit obligations for debt issuers. It guarantees U.S. municipal bonds; asset-backed securities; debt backed by utilities and selected infrastructure projects; specialized risks, including ... [Published Detroit Free Press - Sep 10 2014]
First reported Sep 09 2014 - Updated Sep 09 2014 - 4 reports

Officials announce regional water authority

With the trial for America’s largest municipal bankruptcy under way upstairs, Detroit and its suburbs agreed on a deal for a regional water authority Tuesday after more than a year of negotiation that makes a $50 million lease payment to the city each ... [Published Heritage News-Herald - Sep 09 2014]

Quotes

"Becoming a utilities REIT may involve tradeoffs between tax"
"We hope that we can take the existing emergency room and reestablish services quickly while somebody builds a new facility that's more appropriate for the size town that we are and will take care of all our needs" Ferguson said
...By how much? A staggering $3.5 billion, says Orr, who writes, "At this level of underfunding, the City would have to contribute approximately $200 million to $350 million annually to fully fund currently accrued, vested benefits. Such contributions will not be made under the plan."

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All (772) | News (533) | Reports (0) | Blogs (239) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
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Detroit reaches bankruptcy deal with fiercest c... [Published Bayou Buzz - 7 hours ago]
Detroit reaches bankruptcy deal with fiercest c... [Published Today Online - 7 hours ago]
Detroit Reaches Bankruptcy Deal With Fiercest C... [Published Clusterstock - 8 hours ago]
Detroit Trial Elicits Unusual Apology from Kirk... [Published American Lawyer.com - 10 hours ago]
BANKRUPTCY SCORECARD: DAY 8 [Published Detroit Free Press - 11 hours ago]
UPDATE 3-Detroit reaches bankruptcy deal with f... [Published Reuters - 12 hours ago]
Energy Future eyes early 2015 for Oncor auction... [Published Reuters - 12 hours ago]
"Super Emergency Room" On The Horizon In West M... [Published My Eyewitness News - 13 hours ago]
Detroit City Council approves $275M in bankrupt... [Published Detroit News - 13 hours ago]
Final Settlement Reached by Bond Insurer in Det... [Published The Utah People's Post - 16 hours ago]
Detroit, Don't Take Water Away From Those Who C... [Published Huffington Post Canada - 18 hours ago]
Revel bidder says parts of building could reope... [Published Philly.com - 19 hours ago]
Detroit's IT Systems “Beyond Fundamentally Broken” [Published Spectrum Online - 20 hours ago]
UPDATE 2-Detroit reaches bankruptcy deal with f... [Published Atlanta Journal And Constitution - 20 hours ago]
Live tweets: Syncora, Detroit have 'laid down t... [Published Detroit News - 20 hours ago]
UPDATE 2-Detroit reaches bankruptcy deal with f... [Published CNBC - 20 hours ago]
Detroit's IT Systems “Beyond Fundamentally Broken” [Published IEEE Spectrum - 21 hours ago]
Syncora Gets 13.7% in Detroit Bankruptcy Deal;F... [Published Bloomberg - 22 hours ago]
Syncora reaches comprehensive deal in Detroit b... [Published Detroit News - 23 hours ago]
Creditors seek delay in Detroit bankruptcy trial [Published Detroit News - Sep 15 2014]
Regional water authority outlook runs hot and cold [Published Crains Detroit Business - Sep 14 2014]
Detroit bankruptcy: Pivotal progress in trial's... [Published Detroit Free Press - Sep 14 2014]
Company to sell local retirement community [Published Amarillo Globe News - Sep 14 2014]
The Sixth Circuit has a new chief [Published Lexology - Sep 13 2014]
Filings add to complications of Revel bankruptcy [Published Philly.com - Sep 13 2014]
Detroit Reaches Water, Sewer Deal [Published Water Online - Sep 13 2014]
Palm Beach County Couple Charged with Bankruptc... [Published United States Department of Justice - Sep 13 2014]
ANALYSIS-Detroit end in sight as deals leave FG... [Published CNBC - Sep 12 2014]
Detroit Water Deal Means Bankruptcy Resolution ... [Published Think Progress - Sep 12 2014]
GM recalls "substantially complete," Barra says [Published Consumer Affairs - Sep 12 2014]
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Detroit Reaches Bankruptcy Deal With Fiercest C... [Published Clusterstock - 8 hours ago]
By Lisa Lambert DETROIT (Reuters) - Detroit on Monday officially settled with one of its fiercest creditors, removing a major hurdle for the city to exit its historic bankruptcy but possibly creating another delay in the trial on restructuring its ...
Detroit's IT Systems “Beyond Fundamentally Broken” [Published IEEE Spectrum - 21 hours ago]
<?xml version="1.0" encoding="UTF-8"?> TomSzczerbowski GettyImages Last week’s IT Hiccups parade was a bit slower than normal, but there were a couple of IT snafus that caught my eye. For instance, there was the embarrassed admission by ...
Detroit Water Deal Means Bankruptcy Resolution ... [Published Think Progress - Sep 12 2014]
CREDIT: Shutterstock Detroit seems poised to complete its bankruptcy process — the largest in American history — by the end of the year, about a year and a half after it began. The two major obstacles standing in the way of finalizing the city’s restructuring ...
The Daily Docket: RadioShack Warns of Bankruptcy [Published WSJ.com: Bankruptcy Beat - Sep 11 2014]
Reuters/Shannon Stapleton RadioShack Corp. is in talks to shore up its finances but is warning it could be forced to file for bankruptcy protection if the talks don’t work out, The Wall Street Journal reports . As Atlantic City, N.J., continues ...
Frontrunning: September 11 [Published Zero Hedge - Sep 11 2014]
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