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Bankruptcy

Jan 25, 2013

Archdiocese of Milwaukee wants judge to stop attorney payments

The Archdiocese of Milwaukee says it is going broke and wants a bankruptcy judge to allow it to suspend payments to attorneys and consultants.

Jan 17, 2013

New modernized bankruptcy forms proposed

The Judicial Conference is proposing the first set of revised bankruptcy forms for individual filers in more than two decades.

Dec 21, 2012

New Dept. of Labor rule would speed retirement payments from bankrupt firms

A new rule proposed by the U.S. Department of Labor would make it easier for trustees of companies in Chapter 7 bankruptcy to distribute assets from its retirement plans.

Dec 12, 2012

Wis. hospital owner files for bankruptcy protection

Overwhelmed with $576 million in debt, hospital operator LifeCare has filed for Chapter 11 bankruptcy protection, and plans to sell itself.

Dec 11, 2012

A123 wins bankruptcy court approval of asset sale (UPDATE)

A Delaware bankruptcy judge on Tuesday approved the sale of most of the assets of failed battery maker A123 Systems Inc. to the U.S. arm of Chinese auto parts conglomerate Wanxiang Group Corp. for nearly $257 million.

Dec 7, 2012

Parishes excluded from archdiocese bankruptcy

A federal judge has ruled the parishes of the Catholic Archdiocese of Milwaukee will not be included in its bankruptcy proceedings.

Nov 14, 2012

Petters bankruptcy case trustee sues former Milwaukee-based M&I Bank

The bankruptcy trustee recovering money for victims of the Ponzi scheme operated by imprisoned Minnesota businessman Tom Petters is suing BMO Harris Bank, accusing it as the owner of M&I Bank of aiding and abetting the fraud.

Nov 12, 2012

3rd Circuit: Bankruptcy trustee must return money upon conversion

A bankruptcy trustee was required to return money acquired post-petition upon the conversion of the debtor’s plan from Chapter 13 to Chapter 7, the 3rd Circuit has ruled in affirming judgment.

Nov 8, 2012

Judge approves bid procedures in A123 bankruptcy

A judge ruled Thursday that bankruptcy proceedings for A123 Systems can move forward after the advanced battery maker reduced the fee that would have to be paid to the lead bidder for its assets should the deal fall apart.

Sep 18, 2012

BLAWG LOG: Lawyers.com: Yes, you can ditch a student loan in bankruptcy

The mantra is repeated over and over: You can’t discharge student loans through bankruptcy. However, while it’s reality for most indebted people, the conventional wisdom isn’t quite true.

Aug 28, 2012

LAWBIZ COACHES CORNER: The problem with bankruptcy isn’t attorneys’ fees

In recent months press reports have discussed the Justice Department’s attempt to control bankruptcy lawyers fees.

Aug 8, 2012

Two new smartphone apps for attorneys released

Two new apps for attorneys have been released, one assisting with bankruptcy claims and the other a reference app for any lawyer.

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