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High-Profile Bankruptcies

Allmand Law Firm
August 5, 2010 High-Profile Bankruptcies

Greenberg-Ryan Win Texas Rangers’ Bankruptcy Auction

Chuck Greenberg and Nolan Ryan won an auction for ownership of the bankrupt Texas Rangers baseball team after outbidding Dallas Mavericks owner Mark Cuban and Houston businessman Jim Crane.  Cuban and Crane's top bid...

Allmand Law Firm
August 4, 2010 High-Profile Bankruptcies

Will Tribune Co’s Alleged Dishonesty Destroy Their Bankruptcy Reorganization?

A bankruptcy examiner's report which found dishonesty in Tribune Co's leveraged buyout will remain sealed until the bankruptcy judge resolves confidentiality issues surrounded the release of the report.  But a 20-page summary of the...

Allmand Law Firm
August 4, 2010 High-Profile Bankruptcies

“Real Housewives of New Jersey” Star Bankruptcy Comments All Too Common

"Real Housewives of New Jersey" star Teresa Giudice's recent comments during her appearance on "The View" reveals a mentality that can often land post-bankruptcy debtors back in financial trouble.  When asked about her bankruptcy,...

Allmand Law Firm
August 4, 2010 High-Profile Bankruptcies

A-Rod Objects To Texas Rangers’ Bankruptcy Auction

Alex Rodriguez filed an objection in bankruptcy court last week over how the Texas Rangers' bankruptcy auction might be held, stating that he feared that bidders won't make good on deferred payments to him and...

Allmand Law Firm
August 3, 2010 High-Profile Bankruptcies

Lessons From Dennis Hecker: How To Make Enemies With Your Bankruptcy Trustee

Dennis Hecker, the former auto tycoon, is still in bankruptcy and seemingly trying his best to make enemies with his bankruptcy trustee.  Hecker, who has been embroiled in bankruptcy and a criminal case since...

Allmand Law Firm
August 3, 2010 High-Profile Bankruptcies

Food Share America Files Chapter 11 Bankruptcy – Many Left Without Food

Food Share America (FSA) has filed Chapter 11 bankruptcy after racking up more than $100,000 in bounced checks and other debts.  The food ministry, which operates discount food centers in ten states including Texas,...

Allmand Law Firm
August 2, 2010 High-Profile Bankruptcies

Bankruptcy Judge To Consider Creditors Challenge Of Bidding Procedures

Bankruptcy Judge Michael Lynn has agreed to hear the arguments of creditors this week who are challenging plans for an Aug. 4 auction of the Texas Rangers.  They are saying they don't like the...