July 14, 2014
As 2014 stretches into its final half, bankruptcy professionals can expect clarification in several areas of uncertainty, including the full scope of bankruptcy courts' powers, clawbacks against international investors, and how to approach a massive municipal insolvency.
July 11, 2014
Syncora Holdings Ltd. failed on Friday to trap casino tax streams flowing to the city of Detroit to satisfy the bankrupt municipality's debt obligations when a Michigan federal judge held that the revenues are part of the debtor's estate and off-limits to creditors.