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bankruptcy court

Mar 4, 2014

Court: Exempt funds protected in bankruptcy

WASHINGTON — The U.S. Supreme Court said a bankruptcy court may not go after property or funds that are legally exempt from creditors. The justices in a unanimous opinion ruled Tuesday in favor of a California man who declared Chapter 7 bankruptcy. The man claimed $75,000 of the value of his home was covered by […]

Feb 20, 2014

Lehman settlement with Freddie Mac OK’d

A U.S. Bankruptcy Court judge has approved Lehman Brothers Holdings Inc.’s $767 million settlement with Freddie Mac — an agreement that releases hundreds of millions of dollars to return to the failed investment bank’s creditors. Freddie Mac was seeking a claim over $1.2 billion in loans that it made to Lehman before its collapse. Lehman’s […]

Nov 5, 2012

Judge: Kodak can end retiree health benefits

A bankruptcy court judge will allow Eastman Kodak Co. to end retiree health benefits at the end of the year as part of its restructuring. In his ruling Monday, U.S. Bankruptcy Court Judge Allan Gropper called the move fair and reasonable. The company reached an agreement last month with a court-appointed committee of retirees to […]

Oct 20, 2011

Bankruptcy court announces transition plan

On Wednesday, Western District of New York Chief U.S. Bankruptcy Judge Carl L. Bucki announced a transition plan to deal with the possibility that a new judicial selection may not be finalized to replace Judge John C. Ninfo II, who is retiring at the end of the year.

Dec 30, 2010

The next big civil rights case: Anna Nicole Smith?

The battle over the fortune of the late Texas tycoon J. Howard Marshall, who married former Playboy playmate and model Anna Nicole Smith shortly before his death, is heading to the U.S. Supreme Court for the second time.

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