Bankruptcy Law News

Mesaba bankruptcy judge to rule in July on union contracts
San Jose Mercury News, USA - 9 hours agoBankruptcy Judge Gregory Kishel told attorneys Wednesday that he will rule on the union contracts late next week or early the following week. ...

GM sees sales boost from lowered bankruptcy concern
Reuters - Jun 27, 2006... has seen a boost in retail vehicle sales because its improved performance has eased consumer concerns that it could face eventual bankruptcy, a senior ...

Sidgmore 'Very, Very Sorry' for WorldCom Mess
WLBT - It's not the same thing as Chapter 7 bankruptcy, which liquidates a company's assets and distributes the proceeds to creditors. WorldCom has said that business will go on as normal during the reorganization, and on Monday employees filed into

PALEONTOLOGY: Judge rules lease of S.D. land where T. rex found is
Grand Forks Herald - years old and believed to be about 90 percent complete, is not certain. The T. rex is sitting in storage in Pennsylvania under the jurisdiction of a federal bankruptcy court after the man hired to restore the fossils filed for Chapter 7 bankruptcy

House Sends Bankruptcy Reform Bill to Bush
E-Commerce Times - Those with insufficient assets or income could still file a Chapter 7 bankruptcy, which, if approved by a judge, erases debts entirely after certain assets are forfeited. Those with income above the state's median income who can pay at least $6,000