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The Treatment of "Stub Rent" in the Goody’s and Stone Barn Retail Apparel Bankruptcies

Two recent decisions in retail apparel bankruptcy cases, in Delaware and New York, highlight the ongoing uncertainty regarding “stub rent”. While the ultimate financial outcomes for the landlords in the two cases are similar, the different approaches taken by the courts leave open questi See original here: The Treatment of …

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High Court Hears Student Loan Bankruptcy Case

The Supreme Court will decide whether student loans may be forgiven in bankruptcy under certain circumstances. See original here: High Court Hears Student Loan Bankruptcy Case

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Ciena trumps NSN to buy Nortel ops for $769 million: sources

NEW YORK/HELSINKI (Reuters) – Ciena Corp will buy the optical networking and carrier ethernet business of bankrupt Nortel for $769 million, after trumping Nokia Siemens Networks in a three-day auction, sources told Reuters. See original here: Ciena trumps NSN to buy Nortel ops for $769 million: sources Read more: Ciena trumps NSN …

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Simmons files for Chapter 11

Simmons Bedding Co., the second-largest mattress maker in the U.S., filed for bankruptcy on Monday. Originally posted here: Simmons files for Chapter 11 See original here: Simmons files for Chapter 11

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Ambac shares sink as warns of possible bankruptcy

NEW YORK (Reuters) – Shares of bond insurer Ambac Financial Group Inc sank 33 percent on Tuesday after the company warned it may be forced to seek bankruptcy protection if it cannot fix its liquidity problems. See original here: Ambac shares sink as warns of possible bankruptcy

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CIT files for Chapter 11 bankruptcy protection

Lender CIT Group has filed for Chapter 11 bankruptcy protection, a potential blow to the thousands of small and mid-sized businesses that rely on the company for loans to keep their operations afloat. See original here: CIT files for Chapter 11 bankruptcy protection Go here to read the rest: CIT files …

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AP Source: GM to Draw Gov’t Funds for Delphi Costs

AP Source: GM to draw on government funds to pay its share of Delphi bankruptcy settlement Read more here: AP Source: GM to Draw Gov’t Funds for Delphi Costs See original here: AP Source: GM to Draw Gov’t Funds for Delphi Costs

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Bank of America shopping Lehman claim: report

NEW YORK (Reuters) – Bank of America Corp is selling a claim with a face value of about $800 million that it holds against bankrupt Lehman Brothers Holdings Inc , Bloomberg reported citing people familiar with the matter. See original here: Bank of America shopping Lehman claim: report

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Reader’s Digest to file for bankruptcy

Read full story for latest details. See original here: Reader’s Digest to file for bankruptcy Read the original post: Reader’s Digest to file for bankruptcy

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Creditors seek to push Ellen Tracy into bankruptcy

NEW YORK (Reuters) – A group of Asian manufacturers filed court papers on Friday in an attempt to push U.S. women’s apparel brand Ellen Tracy into bankruptcy. See original here: Creditors seek to push Ellen Tracy into bankruptcy

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