Bankruptcy Law News

Winn-Dixie to pay $16M in bankruptcy fees
Sixteen of the professional firms working on Winn-Dixie Stores Inc.'s Chapter 11 bankruptcy reorganization case will be receiving a total of $16 million in fees and expenses from the grocer, according to interim payment motions approved Thursday.

Russian firm Yukos files for bankruptcy in N.Y.
OAO Yukos Oil Co., the Russian oil company facing liquidation, filed a bankruptcy petition in New York yesterday to shield its U.S. assets from creditors as it tried to reorganize in its home country.

Bankruptcy filings drop thanks to new law
Consumer bankruptcy filings plunged in the first quarter to their lowest level in 20 years, as a tough new law enacted in October made it harder to erase debts, fresh data show.

Orchestra contract will let shows go on
The Louisville Orchestra's management and musicians approved a five-year contract yesterday that will keep the orchestra from going out of business next month.

Personal bankruptcies hit all-time high
Personal bankruptcies skyrocketed a record 30 percent in 2005 as debtors rushed to file petitions before new restrictions took effect, according to the Administrative Office of the U.S. Courts Friday.

Substitute school teacher is drowning in credit-card debt
Carol Dun says her financial problems started when she was laid off from her job as a sales representative for NFL Films in Mount Laurel in the fall of 2004.