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TV streaming provider Aereo files for bankruptcy

TV streaming provider Aereo files for bankruptcy 21 NOVEMBER 2014 | REUTERS | BANKRUPTCY Nov 21 (Reuters) – Television streaming service Aereo Inc filed for bankruptcy protection after a U.S. Supreme Court ruling in June found that the company’s business model violated copyright laws. Aereo, in which Barry Diller’s….” http://www.reuters.com/article/2014/11/21/aereo-bankruptcy-idUSL3N0TB41U20141121?feedType=RSS&feedName=bankruptcyNews

Rent-Stabilized Leases Shielded in Bankruptcy

Rent-Stabilized Leases Shielded in Bankruptcy By MIREYA NAVARRO | NOV. 20, 2014 | THE NEW YORK TIMES In a decision with implications for millions of tenants, New York State’s highest court ruled Thursday that a lease for a rent-regulated apartment is a public benefit and cannot be seized as an asset in a personal bankruptcy.… Continue Reading

Precious Shipping asks court for fuel payment ruling after OW collapse

Precious Shipping asks court for fuel payment ruling after OW collapse SINGAPORE | 21 NOVEMBER 2014 | REUTERS Nov 21 (Reuters) – Thai-listed shipowner Precious Shipping has turned to the Singapore court for a decision on which company it should pay for fuel it bought, which is unclear after the bankruptcy of the world’s largest… Continue Reading

Avoid a slip up – The applicability of the slip rule to the time limits imposed on a winding up application

Avoid a slip up – The applicability of the slip rule to the time limits imposed on a winding up application 21 November 2014 | CORRS CHAMBERS WESTGARTH The Supreme Court of Western Australia recently handed down its decision in Soil and Contracting Pty Ltd v Boban Pty Ltd [2014] WASC 402 which confirmed that,… Continue Reading

‘One in four Aussies will run out of money’

‘One in four Aussies will run out of money’ 21 Nov 2014 | FINANCIAL REVIEW | Christopher Joye For those transitioning into retirement the news is grim: one in four Australians will outlive their savings by 11 years, according to the asset consulting firm Mercer. More than half….” http://www.afr.com/p/blogs/christopher_joye/one_in_four_aussies_will_run_out_72MGdebxDoOHqVLHxro6sO

Hospital District in final stage of Chapter 9 bankruptcy

Hospital District in final stage of Chapter 9 bankruptcy BY KELCI PARKS  | 20 NOVEMBER 2014 | BANKRUPTCY | FORT BRAGG ADVOCATE-NEWS The Mendocino Coast Health Care District filed paperwork with the Santa Rosa bankruptcy court on Oct. 31 to begin the final step of its Chapter 9 bankruptcy. The district filed its original….” http://www.advocate-news.com/latest-local/ci_26977275/hospital-district-sees-light-at-end-tunnel-files

Media Release: NSW (Abdul-Karim) – former barrister hides cash prior to becoming bankrupt

Media Release: NSW (Abdul-Karim) – former barrister hides cash prior to becoming bankrupt Fri 21 November 2014 | AFSA MEDIA RELEASE – NSW BANKRUPTCY CONVICTION Former barrister, Michael Saadey Abdul-Karim, recently received a jail penalty for removing property to the value of $175,279.79 and failing to accurately disclose details of his financial circumstances whilst bankrupt.… Continue Reading

United States: Supreme Court Docket Report – November 17, 2014

United States: Supreme Court Docket Report – November 17, 2014 November 18 2014 | Article by Kevin S. Ranlett and Brian D. Netter | Mayer Brown On November 17, 2014, the Supreme Court granted certiorari in and consolidated two cases of interest to the business community: Bankruptcy—Voidability Of Underwater Mortgage Liens Section 506 of the… Continue Reading

United States: Whose Burden Is It To Check For Mistakes In UCC Filings? Delaware Supreme Court Flips Bankruptcy Court’s Ruling In GM Bankruptcy Case

United States: Whose Burden Is It To Check For Mistakes In UCC Filings? Delaware Supreme Court Flips Bankruptcy Court’s Ruling In GM Bankruptcy Case November 18 2014 | Article by Rachel Lerman, David M. Powlen and David A. Orenstein | Barnes & Thornburg On Oct. 27, the Delaware Supreme Court ruled that even inadvertent mistakes… Continue Reading

United States: Unitek Global Services Files A Prepack Chapter 11 Bankruptcy In Delaware

United States: Unitek Global Services Files A Prepack Chapter 11 Bankruptcy In Delaware November 18 2014 | L. John Bird | Fox Rothschild LLP Unitek Global Services, Inc. (“Unitek” or the “Debtor”) filed for bankruptcy under Chapter 11 of the Bankruptcy Code on November 3, 2014 in the United States District Court for the District… Continue Reading