BRIEF-Sefton says to file petition to dismiss former chairman's bankruptcy
Has today filed to dismiss Ellerton's petition, and will seek all available remedies under code. * Maintains a firm position that Ellerton has filed petition in bad faith, and that petition is invalid under us bankruptcy code, a view supported by co's …
Read more on Reuters

Carl Marks Securities Advises American Bancorporation on Sale
NEW YORK, Jul 30, 2015 (BUSINESS WIRE) — Carl Marks Securities LLC acted as investment banker and exclusive financial advisor to American Bancorporation in the sale of substantially all of its assets pursuant to 363 of the U.S. Bankruptcy Code.
Read more on MarketWatch

Illinois court strikes down Chicago pension reforms, deepening city's
Unlike the State of Illinois, however, which was left with few options after its own pension reform legislation was struck down in May, Chicago has the potential to access chapter 9 of the United States Bankruptcy Code as a means of achieving pension …
Read more on Lexology (registration)