Bankruptcy and Creditors' Rights

Scarinci Hollenbeck’s Bankruptcy and Creditors' Rights practice group regularly provides content on the turmoil surrounding financially troubled and bankrupt companies. Our content provides insight on financial institutions, corporations, insurance companies, leasing and finance companies and other organizations and business entities interested in preserving and enforcing their rights as creditors.

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Scarinci Hollenbeck remains committed not only to providing top-tier legal services but also to regularly providing information and resources to our client base and internet following. Client Alerts provided by our attorneys supply businesses, municipalities, and more with the latest and relevant legal updates that may impact them and how they might be able to proceed.

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Microphage Files For Chapter 11 Bankruptcy Protection

Microphage, a company that specializes in bacterial detection innovation and technology, has filed for Chapter 11 bankruptcy protection under bankruptcy law in Colorado. The company listed assets from $500,000 to $1 million, and liabilities between $1 million and $10 million. Microphage is best known as the manufacturer of the first U.S. blood test that identifies […]

Author: Joel R. Glucksman

January 15, 2013

Bankruptcy Judge Approves Sales of Luxury American Airlines London Townhouse

A $23 million London townhouse owned by distressed company American Airlines will be sold in the coming weeks, following unions’ outrage that the company still retained the luxury residence throughout bankruptcy proceedings. U.S. Bankruptcy Judge Sean Lane approved the sale of the five-bedroom house, which is located in an upscale neighborhood a short distance […]

Author: Joel R. Glucksman

January 11, 2013

American Airlines

Tribune Company Set To Exit Bankruptcy Protection

Cable and newspaper network, Tribune Co. is prepared to exit Chapter 11 bankruptcy protection and start the new year with a fresh start. The company, which owns news outlets the Los Angeles Times and Chicago Tribune, announced its plans to emerge from bankruptcy before January, bringing an end to four years of bankruptcy proceedings. The […]

Author: Joel R. Glucksman

January 10, 2013

Paper Maker NewPage Emerges from Bankruptcy Protection

A popular paper mill that operates across the United States has completed its restructuring and emerged from Chapter 11 bankruptcy protection. NewPage Corp., the parent company of a Maine-based paper mill, announced it has successfully reorganized its finances 15 months after filing for protection under bankruptcy law. Following the company’s initial bankruptcy filing, a competitor, […]

Author: Joel R. Glucksman

January 8, 2013

Bankruptcy Court Approves American Eagle Labor Contracts

American Eagle and its sister company American Airlines will be allowed to move forward with new labor contracts following court approval of the restructured collective bargaining agreements. U.S. Bankruptcy Judge Sean Lane gave permission to American Eagle and its unions to move forward with the new terms, marking another step forward in the company’s volatile […]

Author: Joel R. Glucksman

January 4, 2013

Pharmacy Connected with Meningitis Outbreak Files For Bankruptcy

A few short months following the deadly meningitis outbreak that impacted hundreds of people nationwide, the pharmacy blamed for the outbreak has filed for Chapter 11 bankruptcy protection. New England Compounding Center, a specialty pharmacy, filed for protection under bankruptcy law in the U.S. Bankruptcy Court for the District of Massachusetts, as heavy litigation costs […]

Author: Joel R. Glucksman

January 3, 2013

Bondholders Confront CalPERS in San Bernardino Bankruptcy Case

Creditors who are the city’s bondholders in the San Bernardino, California, bankruptcy case are displeased with the position taken by the California Public Employees’ Retirement System – or CalPERS – and they are taking their concerns to court. The bondholders filed a legal protest against CalPERS, arguing that the pension fund is seeking preferential treatment […]

Author: Joel R. Glucksman

January 1, 2013

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