United States bankruptcy court
Legislation
Union agrees to extend pay cuts to aid hospital...citing debts of $100 million. Attorneys for the non-profit, 292-bed acute-care hospital filed a reorganization plan this month with the U.S. Bankruptcy Court in Newark and have until Jan. 6 for creditors to accept the plan. The unions... In this article: U.S. Bankruptcy Court, Bankruptcy, St. Mary's Hospital, and Passaic |
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Reuters | 15 hours ago
UPDATE 1-Axiant files bankruptcy, to be bought by NCO Group
...better offers that might be received at auction, and approval of the bankruptcy court. The bankruptcy case is In re Axiant LLC, U.S. Bankruptcy Court, District of Delaware, No. 09-14118. Reporting by Jonathan Stempel; Editing by Richard...
In this article: Bankruptcy, NCO Group Inc, U.S. Bankruptcy Court, Cash flow, Accounts receivable, Outsourcing, and Recession
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Reuters | 1 day ago
Diocese seeks OK for benefits to accused priests
...the Wilmington diocese has settled eight cases for an average of about $780,000 each. The case is: Catholic Diocese of Wilmington, U.S. Bankruptcy Court for the District of Delaware, No. 09-13560. (Reporting by Santosh Nadgir in...
In this article: Bankruptcy, Delaware, U.S. Bankruptcy Court, Roman Catholic Diocese of Wilmington, Wilmington, and Bangalore
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Reuters | 1 day ago
General Growth reaches agreement with lenders
...of millions of dollars to more than $1 billion, Anup Sathy, an attorney at Kirkland & Ellis, which also represents General Growth, told U.S. Bankruptcy Court Judge Allan Gropper. The $1.2 billion mortgage on the Ala Moana mall in Hawaii,...
In this article: General Growth Properties, Bankruptcy, Amortization, Venable LLP, United States, U.S. Bankruptcy Court, Kirkland & Ellis, and Simon Property Group
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Reuters | 2 days ago
CIT Group says bankruptcy plan wins wide support
...of liabilities. CIT shares fell 0.4 cents to 19.6 cents in morning trading on the Pink Sheets. The case is In re CIT Group Inc, U.S. Bankruptcy Court, Southern District of New York, No. 09-16565. Reporting by Jonathan Stempel,...
In this article: CIT Group, Bankruptcy, New York, U.S., and U.S. Bankruptcy Court
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Reuters | 2 days ago
Taylor-Wharton International files for Chapter 11
...and servicing network for gas applications involving pressure vessels and precision valves. The filings were made in the United States Bankruptcy Court for the District of Delaware. Reporting by Supantha Mukherjee in Bangalore;...
In this article: Reuters, Agreement in principle, All rights reserved, Bankruptcy, Thomson Reuters, NYSE, and Nasdaq
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National Post | 2 days ago
Lehman expects reorganization plan in Q1
Lehman has been gaining increasing control over its assets and now has cash holdings of US$16-billion, Mr. Marsal said at a hearing in U.S. Bankruptcy Court in Manhattan. Mr. Marsal said he is working on a 24-month time frame that would...
In this article: Bankruptcy, Creditor, Lehman Brothers Holdings Inc, U.S. Bankruptcy Court, Barclays, NEW YORK, and U.S.
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Reuters | 3 days ago
Icelandic gene pioneer Decode files for bankruptcy
...include break-up fees. "We expect to come out of this process by the beginning of January," Stefansson said. In a filing with the U.S. Bankruptcy Court for the District of Delaware, Decode listed total assets of $69.9 million and...
In this article: Bankruptcy, Kari Stefansson, U.S. Bankruptcy Court, Financial crisis, Actavis, Iceland, Delaware, Venture capital, Cancer, and Lehman Brothers
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washingtonpost.com | 4 days ago
Lehman sues Barclays over windfall profits
...officials were not immediately available for comment, outside of normal U.S. hours. The case is In re: Lehman Brothers Holdings Inc, U.S. Bankruptcy Court, Southern District of New York, No. 08-13555. (Reporting by Supantha Mukherjee and...
In this article: Barclays, Bankruptcy, Lehman Brothers Holdings Inc, New York, U.S., U.S. Bankruptcy Court, and Punitive damages
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washingtonpost.com | 5 days ago
Champion seeks Chapter 11 for U.S. operations
The company listed total assets of $576.5 million and total debt of $521.3 million, according to a petition filed in the U.S. Bankruptcy Court for the District of Delaware in Wilmington. The company's operations in the United Kingdom...
In this article: United States, U.S. Bankruptcy Court, Balance sheet, Reuters, Delaware, Bankruptcy, and New York Stock Exchange
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washingtonpost.com | 5 days ago
Eastern Virginia District Alexandria Division
These firms recently filed with the U.S. Bankruptcy Court's local court clerk's offices. Under Chapter 11 of the federal bankruptcy code, a company is protected from claims by creditors while it attempts to reorganize its finances under a...
In this article: U.S. Bankruptcy Court and Bankruptcy
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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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