The Dolan Company, a service provider for the legal industry, intended to wrap up last week a prepackaged Chapter 11 reorganization that it began on March 23.
GREENBELT — The owners of Maryland’s only ski resort have won more time to come up with a bankruptcy reorganization plan. The U.S. Bankruptcy Court in Greenbelt entered an order Thursday granting Wisp resort owner D.C. Development LLC a one-month extension to Sept. 10. The plan would have been due Friday. The owners had requested […]
Secured lenders must be allowed to credit-bid at an auction that would extinguish their interest in the collateral as part of a debtor’s Chapter 11 cramdown plan, the Supreme Court has ruled. The case involved a Chapter 11 bankruptcy filing by the owners of a failed hotel construction project. A creditor bank objected to the […]
“Slime.” As someone who was born in the ’80s, I think of the gross green dude from Ghostbusters or that nasty gelatinous substance that was regularly dropped on people on Nickelodeon. Wasn’t “slime” sold in single plastic containers in toy vending machines as well? But I digress: I’m sure many of my contemporaries have fond […]
Baltimore-based Whiteford, Taylor & Preston has taken over as counsel to the unsecured creditors committee in the Chapter 11 bankruptcy case of the former Washington, D.C., law firm Howrey LLC. Whiteford’s F. Bradford Englander replaced Thomas Willoughby of Felderstein Fitzgerald Willoughby & Pascuzzi LLP in Sacramento. No reason was given for Willoughby’s withdrawal from the […[...]
NEW YORK — A judge has granted Borders Group approval on an interim basis to use $400 million of the $505 million in financing it has been offered to pay its vendors back and keep its business going, including honoring its loyalty program and gift cards. The decision late Wednesday is the start of a […]