Three states filed an involuntary bankruptcy petition this week against former billionaire Timothy Blixseth in U.S. Bankruptcy Court in Nevada.
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Dewey filed a bankruptcy petition May 28, after most of its roughly 300 partners had left and lenders balked at extending credit the firm needed to keep functioning.
SACRAMENTO, Calif. (AP) For the people of Stockton, a federal judge's anticipated decision Monday on the city's bankruptcy petition will affect their day-to-day lives for decades to come.
Earth Biofuels, the Dallas green-energy firm he founded with the help of A-listers like Willie Nelson, Morgan Freeman and Julia Roberts, has been hit with an involuntary bankruptcy petition in Delaware.
Firms listed on the bankruptcy-petition say numbers are either misleading or wrong.
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If no agreement is reached, United must petition the bankruptcy court to impose concessions.
Faced with these confused, if not contradictory, claims in the Petition, the Nevada bankruptcy court sua sponte entered order to the three revenue agencies to show cause why Nevada was the appropriate district for the Chapter 7 proceeding.
If it does not get a deal, it plans to petition the court overseeing its bankruptcy to allow it to void labour contracts.
But in April 2009 the U.S. told Tronox that the DOE had frozen those funds pending discussions about the right of the U.S. to set off the Title X reimbursement against its pre-petition claims in the Tronox bankruptcy.
FORBES: Bankruptcy Judge Scolds Latham Attorney Over Disclosure Of Fee
If The court accepts McCourts Petition and grants him Chapter 11 Bankruptcy protection this will tie The Commissioners hands Greatly.
The debtor pays several thousand dollars to an attorney, and signs a petition and schedules under oath, which are filed with the bankruptcy court.
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