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Mammoth Lakes faces bankruptcy after losing suitSacramento Bee... appearance of prosperity, the government of Mammoth Lakes is considering bankruptcy because of its inability to pay a $43 million legal judgment in a development dispute dating to 1997. After entering a mediation process under a new California law, ...and more » |
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Read more... [Mammoth Lakes faces bankruptcy after losing suit - Sacramento Bee]
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The Deal Pipeline |
Solar Trust lights up sale plansThe Deal PipelineThe Oakland, Calif., subsidiary of bankrupt German solar company Solar Millennium AG wants to sell its four incomplete projects in California and Nevada. The debtor's largest asset includes the rights to develop one of the world's largest solar power ... |
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Read more... [Solar Trust lights up sale plans - The Deal Pipeline]
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Fortune |
Leigh Steinberg: They showed him the moneyFortuneAt age 63, Steinberg -- for years hailed as the real-life Maguire -- now finds himself a bankrupt, recovering alcoholic, plotting a comeback from the bottom. And before 10 pm tonight, as mandated by the California Bar Association, he must show that his ...and more » |
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Read more... [Leigh Steinberg: They showed him the money - Fortune]
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Palma bought properties from Christian Brothers affiliateMonterey County HeraldMonths after last year's bankruptcy filings by two prominent Catholic organizations, the real estate arm of one of them sold two Salinas properties to Palma High School, county records show. The transfer of the West Acacia Street lots, which include ...and more » |
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Read more... [Palma bought properties from Christian Brothers affiliate - Monterey County Herald]
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Judge rules Chrysler met obligations to California dealerDetroit Free PressStar Chrysler Jeep in Glendale, Calif., was among 789 Chrysler dealers the automaker terminated in 2009 as part of its taxpayer-funded bankruptcy. In 2010, Star won an arbitration case for reinstatement. Chrysler sent the dealership a letter of intent ... |
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Read more... [Judge rules Chrysler met obligations to California dealer - Detroit Free Press]
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Judge accepts bankruptcy plan for parent company of The BulletinBend BulletinWestern Communications, which also owns four other newspapers and the Central Oregon Nickel Ads in Oregon and two newspapers in California, filed for bankruptcy Aug. 23. The case essentially stemmed from a dispute with Bank of America over terms of ... |
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Read more... [Judge accepts bankruptcy plan for parent company of The Bulletin - Bend Bulletin]
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Case Proceeded to a Determinative Stage, So Fees Were Recoverable In Order to Prevent Procedural Gamesmanship. The problem here was that the demurrer without leave ruling was a “determinative adjudication” that could not be undone by a dismissal, whether with... |
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Read more... [Section 1717: Borrower Prevailing On Demurrer Sustained Without Leave Is Prevailing Party Despite Lenders After-the-Fact With Prejudice Dismissal In The Wake Of A Fee Motion]
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Determining Who Actually “Prevailed” Can Be Considered In Needs-Based Calculus. Wife was disappointed when a family law judge refused to award “needs-based” attorney’s fees under Family Code sections 2032 and 4320, apparently based in large part on the perspective that... |
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Read more... [Family Law: Failure to Award Needs-Based Award Was Not Erroneous]
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Given that Plaintiff Should Have Dismissed But Didn’t, Motion Was Equivalent of a Section 1717 “Separate Action” Under the Circumstances. Remember the law school principles of performance excused by the other’s side breach and frustration of purpose? Well, those types... |
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Read more... [Section 1717: Defendants Winning Appeal Where Settlement Agreement Had Fees Clause Were Entitled To Recovery During Motion Enforcement Proceedings]
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Kirby v. Immoos Fire Protection For those of you following Kirby v. Immoos Fire Protection, Case No. S185827, there is an interesting article by Cynthia Foster in an March 6, 2012 post from The Recorder (Essential California Legal Content). The... |
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Read more... [Pending Cases: Kirby Argued, With California Supreme Court Justices Sounding Skeptical That Meal/Rest Break Claims Give Rise To Plaintiff Fee Exposure Under Labor Code Section 1194]
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Subcontractor Prevailed, With Dismissal of Protective Cross-Complaint Being Inconsequential. The Second District, Division 6, in Toro Enterprises v. Pavement Recycling, Case No. B234627 (2d Dist., Div. 6 Apr. 9, 2012) (unpublished), reversed a trial court’s denial of an attorney’s fees... |
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Read more... [Fee Clause Interpretation: Subcontractor Defeating General Contractors Cross-Defense Entitled To Fee Recovery Under Broadly Worded Fee Clause]
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Emotions, not reasons, keep people from filing bankruptcy and starting fresh. My fellow bankruptcy lawyer Jay Fleischman has it backwards when he says that for his clients, the decision to file is “purely emotional”. Emotions stand between debtors and a rational decision that their debts can never be repaid and that bankruptcy is the solution. [...] |
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Read more... [Three Costly Emotions That Keep You In Debt]
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When you file Bankruptcy, all of your property belongs to the bankruptcy estate. You do get a chance to claim some things as exempt and keep them. But what about property that hasn’t been paid off like a car where you still owe money? Cars are treated differently from most other property, and you can [...] |
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Read more... [Bankruptcy and Your Television]
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Groupon On The Road To BankruptcySeeking AlphaWith Groupon, the stage was set for a cadre of plucky Midwesterners to prove that they could finally step up to the plate and compete against Silicon Valley California techies, Silicon Alley New York hipsters, Route 128 Boston Ivy Leaguers, ...and more » |
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Read more... [Groupon On The Road To Bankruptcy - Seeking Alpha]
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CBS Local |
Fox, MLB File Objections To Dodgers SaleCBS LocalThe Los Angeles Dodgers celebrate after defeating the Pittsburgh Pirates at Dodger Stadium on April 10, 2012 in Los Angeles, California. (Photo by Mel Blackmon/CBS) NEW YORK (AP) — Fox is objecting to the proposed sale of the Los Angeles Dodgers, ...and more » |
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Read more... [Fox, MLB File Objections To Dodgers Sale - CBS Local]
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Cannon Building on firing lineAlbany Times Union"This is a building we obviously want to keep," said developer Sandy Horowitz, who has been trying to get approval from a California bankruptcy court to sell some Troy properties while keeping the Cannon Building on Broadway. "It's made great strides. |
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Read more... [Cannon Building on firing line - Albany Times Union]
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Payout to Wife at $750/Month Was Reasonable. Husband was found by a family law judge to have withdrawn community funds without wife’s consent, rented out a family home unilaterally, ignored income and expense declaration filing deadlines, was dilatory during the... |
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Read more... [Family Law: $40,000 Section 271 Sanctions Award Against Husband Was No Abuse of Discretion]
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I know that this has been said on this blog numerous times about listening to what others, particularly non-attorneys, say about bankruptcy. Just because your friend got to keep his car free and clear of the creditor’s lien does not mean that youwill. Often, there is a substantial amount of misunderstanding and just plain wrong [...] |
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Read more... [Be Careful About Listening To Your Friends’ Explanations of Bankruptcy]
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