Latest Involuntary Bankruptcy News

The FMB Bancshares Decision: Clarifying Or Not Clarifying TruPS Holders
The Court, looking to precedent from other circuits, held that an involuntary bankruptcy petition does constitute a "suit … for enforcement of payment" as contemplated by the indenture and trust agreement. The Court was not persuaded by FMB's …
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Guar farmers to get 75 cents on the dollar in settlement
Earlier this year, farmers were successful in forcing the company into involuntary bankruptcy. Lubbock attorney Andrew Seger, who along with several other firms, represents over 200 area growers who have claims against the guar processing facility …
Read more on KCBD-TV

Portfolio: Biosciences leader urges retention of USM's Applied Medical
Old Town Fuel & Fiber, the only facility in Maine experimenting with turning wood pulp into biofuel, is at risk of being pushed into bankruptcy. Four companies that claim the pulp mill owes them money filed an involuntary petition for bankruptcy on …
Read more on Press Herald

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