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Latest Insolvency law Stories

2012-08-21 18:20:32

LONDON, August 22, 2012 /PRNewswire/ -- - Report reveals beach life is not all sunshine and sandcastles A personal insolvency crisis sweeping through seaside towns in the UK is revealed in a new report [http://www.cleardebt.co.uk/ClearDebt-report-v4.pdf ], by ClearDebt. The new report shows coastal areas in the UK are more likely to suffer from high rates of individual insolvency than anywhere else in the country. Things are not expected to improve in the...

2012-08-17 23:04:01

Personal Bankruptcy Canada´s Team of Sponsor Firms, Experts and Leading Trustees in Bankruptcy Gather for the First Time in Banff Banff, Alberta (PRWEB) August 17, 2012 This week, several of Personal Bankruptcy Canada´s network of sponsor firms, financial experts and leading Trustees in Bankruptcy from across Canada will come together for the first time to discuss the Canadian economy and share insights and best practices in debt management and restructuring, at the 2012 Canadian...

2012-08-10 02:23:06

ST. LOUIS, Aug. 10, 2012 /PRNewswire/ -- K-V Pharmaceutical Company ("K-V" or "the Company") announced that the U.S. Bankruptcy Court for the Southern District of New York, the Honorable Judge Allan L. Gropper presiding, today approved on an interim basis the Company's request for the use of cash collateral that was made as part of the Company's voluntary reorganization cases filed under chapter 11 of the U. S. Bankruptcy Code. "Together with the Court's prior approval of...

2012-08-08 06:24:19

ST. LOUIS, Aug. 8, 2012 /PRNewswire/ -- K-V Pharmaceutical Company ("K-V" or "the Company") today announced that all "First Day" motions presented to the U.S. Bankruptcy Court on August 7, 2012 that were included as part of the Company's initial filings in its voluntary reorganization cases were approved on either an interim or final basis by the U.S. Bankruptcy Court for the Southern District of New York, the Honorable Judge Allan L. Gropper presiding. The approved First Day motions cover,...

2012-08-08 02:21:50

BAKERSFIELD, Calif., Aug. 8, 2012 /PRNewswire/ -- Tri-Valley Corporation (OTCQB: TVLY) (the "Company") today announced the Company, its wholly owned subsidiaries, Tri-Valley Oil & Gas Co. ("TVOG") and Select Resources Corporation, Inc., and TVC Opus I Drilling Program, L.P. ("Opus"), of which the Company is the managing partner (collectively, the "Debtors"), filed voluntary petitions in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") seeking relief...

2012-08-01 10:28:21

PLANTATION, Fla., Aug. 1, 2012 /PRNewswire/ -- Affordable Bankruptcy Courses has recently emerged as a low price leader of Credit Counseling and Debtor Education Courses. The Affordable Bankruptcy Courses platform enables consumers to take the required bankruptcy courses online, 24 hours a day, 7 days a week in English or Spanish, and no phone call is required for certification. The Credit Counseling Course is currently being offered at $15 per household and the Debtor Education Course is...

2012-07-31 14:20:47

AUBURN HILLS, Mich., July 31, 2012 /PRNewswire/ -- Energy Conversion Devices, Inc. ("ECD") (OTC: ENERQ.PK) and its wholly-owned subsidiary United Solar Ovonic LLC ("USO") today announced that the United States Bankruptcy Court for the Eastern District of Michigan has confirmed its Second Amended Joint Plan of Liquidation. On July 30, 2012, the United States Bankruptcy Court for the Eastern District of Michigan entered a confirmation order in respect of the Second Amended Joint Plan of...

2012-07-23 22:20:21

HOUSTON, July 24, 2012 /PRNewswire/ -- Burleson LLP announced today that Elizabeth M. Guffy, who has practiced law for more than two decades, has joined the energy law firm's Bankruptcy and Restructuring Practice Group. (Logo: http://photos.prnewswire.com/prnh/20120724/DA44898LOGO) Guffy is a seasoned corporate attorney who has an extensive background representing foreign and domestic energy companies, both as creditors and as debtors. She is well versed in a spectrum of matters related...

2012-07-13 06:24:31

AMSTERDAM, July 13, 2012 /PRNewswire/ -- Amsterdam Molecular Therapeutics (AMT) Holding NV (in liquidation) (Euronext: AMT) published its Annual Report and Accounts for the year ended December 31, 2011 and announced that it will host its Annual General Meeting at its headquarters (Meibergdreef 61, 1105 BA Amsterdam Zuidoost, the Netherlands) at 14.00 hrs on September 12, 2012. Shareholders of the dissolved company are invited to attend. For further details, agenda and...

2012-07-10 02:23:31

PARAMUS, N.J., July 10, 2012 /PRNewswire/ -- Chapter 11 Bankruptcy was introduced in the Bankruptcy Reforms Act of 1978, which became effective on October 1, 1979. The idea behind Chapter 11 was to make it possible for debt-ridden businesses to reorganize affairs, pay up debts and return to their profitable ways. In June 2012, some prominent lawmakers determined that since Chapter 11 is generally more effective for larger companies, it can sometimes present challenges for small...