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News and information on bankruptcy and bankruptcy law
By Brian Baxter | April 14, 2017
The bankruptcy filings this week of global IT consultancy Ciber Inc. and a pair of medical device makers have left several big firms holding the bag. Ciber owes thousands in unpaid legal fees to Polinselli, while Duane Morris, Simpson Thacher & Bartlett and two California firms are listed as unsecured creditors another Chapter 11 case.
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By James Booth | April 11, 2017
City partner Mark Knight leaves for in-house role at banking turnaround business
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By P.J. D'Annunzio | April 11, 2017
The Third Circuit ruled a landlord attempted to physically "intimidate" former tenants in an attempt to collect a debt once they filed for bankruptcy.
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By Cogan Schneier | April 7, 2017
The U.S. Judicial Conference is asking Congress to add four new positions and make another 14 temporary positions permanent to deal with case volumes in select districts.
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By Brian Baxter | April 7, 2017
Weil, Gotshal & Manges, no stranger to big bankruptcy fees, has disclosed how much it was paid by Westinghouse Electric prior to the nuclear energy company's recent Chapter 11 filing. The Trump administration and Japanese government are seeking to avert a sale of Westinghouse—owned by Toshiba Corp.—to Chinese buyers.
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By Monika Gonzalez Mesa | April 5, 2017
In one of the deals, the firm advised two Chilean companies. In the other, it advised the Mexican government.
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By Brian Baxter | April 4, 2017
Armstrong Teasdale, Kirkland & Ellis, Munger, Tolles & Olson and Canada's Osler, Hoskin & Harcourt are advising Payless ShoeSource Inc., as the Topeka, Kansas-based shoe retailer filed for bankruptcy Tuesday in St. Louis and announced plans to shutter 400 stores.
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By Jenna Greene | April 3, 2017
Shouldn't any diocese that turned a blind eye to pedophile priests be punished monetarily? But what if that means that church goes bankrupt, with no assets left to pay the victims? Is that justice? A federal bankruptcy judge in Minnesota wrestles with the issue.
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By Rose Walker | March 16, 2017
CMS UK expected to bill more than £800,000 for advice to administrators on KWM collapse
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By Monika Gonzalez Mesa | March 1, 2017
Six large firms plan to raise billing rates in 2017 like they did last year, but rates for bankruptcy attorneys in 2016 appear to have remained about the same.
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