Bankruptcy Headlines

Final Commission Report

Commentary: Businesses Need Certainty; Distressed Businesses Need It Even More

The general counsel of a financially distressed company calls you and she clearly states that her company does not need to file a chapter 11 case, but she is curious to understand how a chapter 11 case might work for her company. Specifically, she has some very astute questions, to which you will likely have to answer, “it depends.” It depends primarily on where the company files its chapter 11 case.

Freedom Industries bankrupt

Former Freedom Industries President Faces New Fraud Charge Stemming from Bankruptcy Case

A former Freedom Industries executive charged in a West Virginia chemical spill is facing a new federal fraud charge stemming from the company's bankruptcy, the (Minneapolis) Star Tribune reported yesterday. A federal grand jury handed up a superseding indictment on Wednesday against former Freedom President Gary Southern and three other former executives.