Bankruptcy Law

Bankruptcy Filings Down

9 Feb 2012

Get Business Mobile Text Alerts Personal bankruptcy filings in Connecticut dropped by 14 percent to 8,518 in 2011, down from 9,887 in 2010, according to a report released Thursday from The Warren Group.

Ally’s ResCap Said to Seek Buyers for Prearranged Bankruptcy

9 Feb 2012

Ally Financial Inc.’s mortgage unit is talking to buyout firms including Fortress Investment Group LLC and Cerberus Capital Management LP about selling itself through a pre-packaged bankruptcy, according to people with knowledge of the matter.

Battered Barneys abuzz with bankruptcy rumors

8 Feb 2012

The “B-word� is buzzing around Barneys New York again. The swanky retail chain has hired law firm Kirkland & Ellis, a bankruptcy and restructuring adviser, as it faces significant debts coming due this year. Sources close to the situation said a Chapter 11 filing looks unlikely at the moment and that...