This week in bankruptcy news, the future of Disney 3D movie capabilities could be threatened if the bankruptcy court doesn’t approve the halt to the sale of patents involved in the Digital Domain Media Group bankruptcy filing. Also, a bacterial detection technology company, MicroPhage, seeks Chapter 11 protection as it works towards future developments in  … Read more

This week, many of the courts handling the meningitis outbreak lawsuits have been brought to a standstill, after the accused pharmaceutical company filed for bankruptcy last week. There are also delays surrounding the merger of American Airlines with US Airways until the pilots contracts can be ironed out. New England pharmaceuticals company bankruptcy filing puts  … Read more

Centennial Beverage Group, which recently launched an “inventory liquidation” sale and stated earlier in December that it will not close operations, has filed for Chapter 11 protection in U.S. Bankruptcy Court in Dallas. Centennial will continue operations as a debtor-in-possession under the Chapter 11  Bankruptcy Code. Several other motions were also filed with the courts  … Read more

Sioux Falls-based LodgeNet Interactive Corp, a provider of cable TV, on-demand movies, Nintendo video games and internet services to hotels and hospitals, will likely declare Chapter 11 bankruptcy at the end of this month. A declining revenue and money owed to vendors has put a significant strain on operations. Working Towards Debt Resolutions LodgeNet was  … Read more

This week in bankruptcy news, popular video game maker THQ announces plans to remain in operation while it resolves it debt liabilities, more questioning surrounding the Stockton, CA Chapter 9 surfaces, and the American Airlines bankruptcy labor contract dispute inches closer towards a merger with US Airways. Read the full stories below: THQ files for  … Read more

The 1 trillion dollars student loan debt problem is one of many facing U.S. Congress today. With close to 5 million borrowers already in default, the issue of how to resolve the economic crisis has turned to focusing on collecting what is owed. Since bankruptcy is not typically an option for dealing with student loan  … Read more

This week there have been talks about two big names, Google and Apple, interested in purchasing some patents in the Kodak bankruptcy sale. Also in discussion,  the possibility for Detroit to file for Chapter 9 municipal bankruptcy, and the conclusions in the A123 bankruptcy sale. Apple, Google Join Forces to Buy Kodak’s Digital Imaging Patents Detroit ‘bankruptcy  … Read more

Four years ago, the nation’s largest insurance group was on the brink of filing for bankruptcy. However, the largest government bailout of the 2008 financial crisis was able to rescue to company from the edge of financial collapse. Since then, AIG (American Insurance Group) has been working to repay its debt obligations of upwards of  … Read more

Former All-Star New York Mets outfielder Lenny Dykstra is already serving jail time for various other criminal convictions, but he now is adding another crime to his sentence: bankruptcy fraud. Strike Out Dykstra was indicted on three felony counts, including bankruptcy fraud, concealment of assets and money laundering earlier this month. Originally facing a two  … Read more

Popular news this week surrounds the ongoing saga in the American Airlines bankruptcy case, patent bids for Kodak and the downsizing of Hawker Beechcraft. Here are the full stories for your review: The Daily Docket: AMR Seeks Exclusivity Extension The Daily Docket: Kodak Gets $500M Bid for Patents Bankruptcy Court Approves Beechcraft Plan