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Tag Archives: Bankruptcy

Judge refuses to approve Delaware diocese reorganization

WILMINGTON, Del.  — A Delaware bankruptcy judge is refusing to approve the Catholic Diocese of Wilmington’s reorganization plan because it allows for the possibility of payments to pedophile priests. The judge’s ruling Thursday came after he heard arguments on the ...

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Washington Mutual again seeks approval of reorganization plan

WILMINGTON, Del. — Bank holding company Washington Mutual Inc. is asking a Delaware judge to approve its revised reorganization plan. The judge convened a three-day hearing Wednesday to consider the plan, which centers on the settlement of lawsuits pitting Washington ...

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Judges in U.S., Canada approve Nortel patents sale

WILMINGTON, Del. — U.S. and Canadian judges on Monday approved a $4.5 billion cash bid from a consortium that includes smartphone makers Apple and Research In Motion for thousands of patents held by bankrupt telecom-equipment maker Nortel Networks Corp. The ...

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Workers win severance pay priority in bankruptcy court

Former employees’ severance-pay claims are entitled to full priority in the employer’s bankruptcy, the 4th U.S. Circuit Court of Appeals has held. Last week’s published decision affirmed the ruling of a U.S. Bankruptcy Court judge in Richmond, Va., in favor ...

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