http://www.bankruptcy-lawyers-philadelphia.com/blog Philadelphia Bankruptcy Lawyers & Attorneys Fri, 19 Mar 2010 19:07:52 +0000 http://backend.userland.com/rss092 en Satisfy Your Credit Counseling Requirement Before Filing Bankruptcy 1beforefiling.com http://www.bankruptcy-lawyers-philadelphia.com/blog/?p=121 1 After Filing Personal Financial Management Instruction http://www.bankruptcy-lawyers-philadelphia.com/blog/?p=120 Flynn v. Bankowski (In re Flynn), 402 B.R. 437, 443-45 (B.A.P. 1st Cir. 2009) (Carlo, Deasy, Kornreich) (Citing In re Szostek, 886 F.2d 1405 (3d Cir. 1989), failure of lienholder to object to balloon payment could be acceptance of plan under § 1325(a)(5)(A) notwithstanding equal payment requirement in § 1325(a)(5)(B)(iii)(I); ... http://www.bankruptcy-lawyers-philadelphia.com/blog/?p=119 General Motors Corp. announced further production cuts yesterday as well as sweeping new incentives on many 2008 models -- a reversal of recent strategy and a fresh sign of how badly rising gasoline prices are hurting auto makers, the Wall Street Journal reported today. GM, Ford Motor Co. and Chrysler ... http://www.bankruptcy-lawyers-philadelphia.com/blog/?p=118 Hundreds of banks that are accused of playing a role in the collapse of Adelphia Communications Corp. have prevailed in their efforts to strike more than $4 billion in claims in a lawsuit brought by the company's creditors, Bankruptcy Law360 reported yesterday. The cable company's creditors, represented by the Adelphia ... http://www.bankruptcy-lawyers-philadelphia.com/blog/?p=117 Bondholders in Pacific Lumber Co.'s bankruptcy case said that they want to investigate possible fraud in a settlement that calls for the company to abandon its reorganization plan and support a rival proposal, the Wall Street Journal reported today. Bank of New York Mellon Corp., which represents the bondholders, said ... http://www.bankruptcy-lawyers-philadelphia.com/blog/?p=116 Meredith Corp. has filed suit against Home Interiors & Gifts Inc. in a dispute over about $385,000 worth of paper that the bankrupt home décor company has argued belongs to its bankruptcy estate, Bankruptcy Law360 reported on Friday. The suit seeks a declaratory judgment that the paper belongs to Meredith ... http://www.bankruptcy-lawyers-philadelphia.com/blog/?p=115 Bankruptcy Judge Randall Newsome approved the sale of Aloha Airlines’ contract services division to Los Angeles-based Pacific Air Cargo, Bankruptcy Law360 reported on Friday. The $2 million deal is set to close May 5, provided there are no objections from Aloha's creditors. The 1,000-employee contract services division handles baggage, ticket ... http://www.bankruptcy-lawyers-philadelphia.com/blog/?p=114 The Italian government will lend Alitalia SpA 300 million euros ($479 million) to prevent the state-owned carrier from running out of cash before Prime Minister-elect Silvio Berlusconi can find a buyer for the state-controlled airline, Bloomberg News reported yesterday. The announcement came after Air France-KLM Group late Monday withdrew its ... http://www.bankruptcy-lawyers-philadelphia.com/blog/?p=113 With a faltering economy and a tendency among state and local governments to let the market decide which health care facilities survive, attorneys are expecting to see more hospital reorganizations and collapses in the next few years, Bankruptcy Law360 reported yesterday. Among those that have filed for chapter 11 protection ... http://www.bankruptcy-lawyers-philadelphia.com/blog/?p=112