Brucea Markell News Today

The former mayor appears to have made zero effort to pay his creditors.

This has not endeared him to the creditors whom he owes money.

The former New York mayor and Trump lawyer actually spent nearly $120,000 in January, and his creditors say he is still not turning over required financial information.

Many recent court rulings concerning the treatment of secured creditors under a chapter 11 plan have focused on "cram-up" plans involving reinstatement of secured loans to avoid impairment ...

The Montana Department of Revenue said a federal court lacks the jurisdiction to hear a lawsuit filed against it by Tim Blixseth, co-founder of the Yellowstone Club.

To embed, copy and paste the code into your website or blog: The ability of a bankruptcy trustee to avoid certain transfers of a debtors property and to recover the property or its value from the transferees is an essential tool in maximizing the value of a bankruptcy estate for the benefit of all stakeholders. However, a ruling recently handed down by the U.S. Court of Appeals for the Tenth Circuit could, if followed by other courts, curtail a trustees avoidance and recovery powers. In Rajala...

To embed, copy and paste the code into your website or blog: In the latest chapter of more than a decade of contentious litigation surrounding the 2007 leveraged buyout ("LBO") and ensuing bankruptcy of media conglomerate Tribune Co. ("Tribune"), the U.S. Court of Appeals for the Third Circuit affirmed lower court rulings that Tribunes 2012 chapter 11 plan did not unfairly discriminate against senior noteholders who contended that their distributions were reduced because the plan improperly fai...