United States bankruptcy court
Legislation
Visteon, Ford reach parts sourcing deal...Motors Co <GM.UL>, Chrysler Group LLC and Nissan Motor Co Ltd's <7201. T> North American unit. The case is In re Visteon Corp, U.S. Bankruptcy Court, District of Delaware, No. 09-11786. Reporting by Tom Hals, editing by Gerald E.... In this article: Visteon Corp, U.S. Bankruptcy Court, Bankruptcy, Ford Motor Co, and General Motors Co |
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washingtonpost.com | 2 days ago
Tribune lenders propose competing plan of reorganization
...the company had agreed to an $8.2 billion buyout led by real estate magnate Sam Zell. The case is in Re: Tribune Company et al, U.S. Bankruptcy Court, District of Delaware, No. 08-13141. Reporting by Chelsea Emery, editing by Maureen...
In this article: Tribune Company, Bankruptcy, U.S. Bankruptcy Court, Revenue, Chicago Tribune, Kohlberg Kravis Roberts & Co, Los Angeles Times, Sam Zell, and Goldman Sachs Group Inc
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Reuters | 3 days ago
Berkshire venture tops PNC for Capmark servicing
...it sold, but continued to service them. It also operates an investment fund business. The case is in re: Capmark Financial Group, U.S. Bankruptcy Court, District of Delaware, No. 09-13684. Reporting by Tom Hals; Editing by Richard...
In this article: Bankruptcy, PNC Financial Services Group Inc, U.S. Bankruptcy Court, and Joint venture
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UPDATE 1-BlueHippo Funding LLC files for Chapter 11
...15, BlueHippo said the FTC filed legal papers in an attempt to change the terms of an agreement in April 2008. In a filing with the U.S. Bankruptcy Court for the District of Delaware on Monday, the specialty merchandise lending company...
In this article: BlueHippo, U.S. Bankruptcy Court, FTC, Delaware, U.S., Bankruptcy, and Bangalore
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The State | 3 days ago
Bi-Lo plan leaves out Food Lion
Bi-Lo said Monday it filed a reorganization plan with U.S. Bankruptcy Court that calls for a $350 million cash infusion from its current owner, Lone Star Funds, but doesn't include Food Lion, which had signed a nonbinding letter of intent to...
In this article: Lone Star Funds, U.S. Bankruptcy Court, Bankruptcy, Dallas, North Carolina, Georgia, Tennessee, and South Carolina
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AP Online | 4 days ago
Icahn outbids Penn to open Fontainebleau auction
...bidding at a bankruptcy auction for the unfinished Fontainebleau Las Vegas casino-resort on the Las Vegas Strip. A clerk in Miami for U.S. Bankruptcy Court Judge A. Jay Cristol says Icahn offered $105 million on Monday to buy the project...
In this article: Carl Icahn, U.S. Bankruptcy Court, Bankruptcy, Penn National Gaming Inc., Las Vegas Strip, Las Vegas, and Miami, Florida
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Lenders to Charter Comm. appeal reorganization plan
...individual aspirations for a richer deal for themselves," said a court filing from the company. The case in re: Charter Communications Inc, U.S. Bankruptcy Court, Southern District of New York, No. 09-11435. (Additional reporting by Emily...
In this article: Bankruptcy, Charter Communications Inc, Jpmorgan Chase & Co, U.S. Bankruptcy Court, U.S. Circuit Court of Appeals, and U.S.
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Madoff trustee and law firm submit $22.1 million bill
...14. Madoff is serving a 150-year prison sentence in North Carolina. The case is In re: Bernard L. Madoff Investment Securities LLC, U.S. Bankruptcy Court, Southern District of New York, No. 08-1789. Reporting by Jonathan Stempel;...
In this article: Bankruptcy, Thomson Reuters, NEW YORK, U.S. Bankruptcy Court, Small business, NYSE, and Nasdaq
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Madoff trustee and law firm submit $22.1 million bill
In this article: Bernard Madoff, Bankruptcy, U.S. Bankruptcy Court, and U.S.
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Majestic Star Casino LLC files for Chapter 11
...Majestic Star Casino LLC and 7 affiliates filed for Chapter 11 bankruptcy, court documents showed. In a filing on Monday with the U.S. Bankruptcy Court for the District of Delaware, the gaming company listed estimated assets in the range...
In this article: U.S. Bankruptcy Court, Delaware, Bankruptcy, Bangalore, Colorado, and Mississippi
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Description from Wikipedia:
United States bankruptcy courts are federal courts that have subject-matter jurisdiction over bankruptcy cases. Bankruptcy cases cannot be filed in state court. Each of the 94 federal judicial districts handles bankruptcy matters. The separate system of bankruptcy courts was created by United States Congress in 1979.
The bankruptcy judges in each judicial district in regular active service constitute a "unit" of the applicable United States district court (see ). The bankruptcy judge is appointed for a term of 14 years by the United States court of appeals for the circuit in which the applicable district is located (see ).
Technically, the United States district courts have subject matter jurisdiction over bankruptcy matters (see ). However, each such district court may, by order, "refer" bankruptcy matters to the bankruptcy court (see ). As a practical matter, most district courts have a standing "reference" order to that effect, so that all bankruptcy cases in that district are handled, at least initially, by the bankruptcy court. In unusual circumstances, a district court may in a particular case “withdraw the reference” (i.e., take the case or a particular proceeding within the case away from the bankruptcy court and decide the matter itself) under .
The overwhelming majority of all proceedings in bankruptcy are held before a United States bankruptcy judge, whose decision in all matters is final, subject to appeals to the district court. In some judicial circuits, appeals may be taken to a Bankruptcy Appellate Panel ("BAP").
The Federal Rules of Bankruptcy Procedure (FRBP) govern procedure in the U.S. bankruptcy courts.
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