Bankruptcy Monitors Want Karmaloop's Ch. 11 Firm DQ'd
The disqualification bid brought by bankruptcy monitors from the U.S. Trustee's Office said that the Boston-based law firm does not meet the legal standard for independence and disinterestedness required to serve as debtor's counsel in Karmaloop's …
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Bankruptcy Court Weighs Interest Rates In Solvent Ch. 11
Law360, Chicago (April 28, 2015, 4:26 PM ET) — In an unusual case where a bankrupt company has more than enough cash to pay its debts, the Chapter 11 trustee for a Chicago real estate holding company argued Tuesday that unsecured creditors should …
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Institutions of higher education and access to bankruptcy: are things as
Corinthian reported $ 19.2 million of total assets and US$ 143.1 million of total debts, and plans to liquidate. The general consensus seems to be that federal law makes bankruptcy reorganization all but impossible for educational institutions because …
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