New Bankruptcy Law Links

Car dealers fight for a second chance

When Chrysler and GM filed for bankruptcy in 2009 they planned to shutter thousands of dealerships across the country. Fewer than one third of the dealers who hoped to stay in business are in the running for a comeback.

Judge OKs Sale of Ohio-Based Newspaper Chain

Bankruptcy judge approves sale of most of Ohio-based newspaper chain's assets to lenders Ohio - Newspaper - United States - Law - Services

FDIC's New Power to Dissolve Companies Raises Concerns

The Federal Deposit Insurance Corp.'s new power to take over and liquidate nonbank companies whose failure would jeopardize the financial system is intended as a "third way" between bankruptcy and bailout. But the prospect of a new regime for dissolving megacompanies -- one with almost no judicial oversight and in which creditors' rights are few -- is sending shockwaves through the bankruptcy ...

Reorganized VeraSun asks farmers to return payments

Area farmers who sold corn to the former VeraSun Energy Corporation have recently been receiving notices from law firms in New York demanding that they pay back any money received from VeraSun 90 days prior to the company filing Chapter 11 bankruptcy on Oct. 31, 2008. The money is to be returned to the bankruptcy-reorganized VeraSun.

The wonder, and the fall

When the doors at Foxwoods first swung open in 1992, more than poker fanatics and bingo mavens began trekking to the sparkling new casino nestled in the thick forests of the Mashantucket Pequot reservation.