California Business Bankruptcy Blog

Recent Posts from California Business Bankruptcy Blog

• Agriprocessors: From Immigration Raid to Liquidation of Assets

  While the state of the economy has forced a number of firms into bankruptcy, the collateral damage from a government raid can be just as devastating to the financial health of a business.  You may…

• GM Exits Bankruptcy in 42 Days? Really?

  With all of the newspapers and the internet proclaiming that General Motors is exiting bankruptcy after a mere 40 days in bankruptcy, some people have asked how that can happen when all of the bankruptcies…

• GM Emerges from Chapter 11, But Has Some Work To Do

  It has been nearly two months since my last post and a lot has happened in the bankruptcy world.  Personally, I have been up to my eyeballs in work, primarily with an unprecedented increase in…

• Coyotes Bankruptcy: Even the Great One Must Wait

  Last week, the NHL's Phoenix Coyotes filed for protection under Chapter 11.  Perhaps if Chrysler hadn't been stealing the headlines this item would have made more waves.  What makes this case interesting, obviously, is the fact it…

• Chrysler Bankruptcy: How do you kill a hedge fund?

  Taking the concept of personhood for entities a little too far, the attorney for the non-TARP lenders in the Chrysler bankruptcy case said in court yesterday that his "clients" had received death threats over their…

• Chrysler Bankruptcy May Not Be Quick Fix

  You may recall my post from last week where I asserted that a 30 to 60 day timeframe was an optimisitic estimate for Chrysler's exit from Chapter 11.  According to a Reuters story, at least one…

• Kern County Businesses Optimistic About Economic Outlook

  A survey conducted by the Greater Bakersfield Chamber of Commerce reveals a surprising resiliency and optimism in the Kern County business community.  Given the continuing general economic woes, I would have expected responses much more negative…

• Offshore Oil & Gas Company Files Chapter 11

  There is a story this morning that may interest Kern County oil producers.  Independent oil and natural gas exploration and production company Energy Partners, Ltd., has filed for Chapter 11 bankruptcy protection in the Southern…

• Chrysler Bankruptcy Plan Announced: Too Aggressive of a Timeline?

  President Obama announced today that the Federal government and Chrysler have developed a Chapter 11 bankruptcy strategy that involves financing by the government and investment by Fiat.  The filing was largely caused by the failure…

• Building Volumes on the Bankruptcy Freeway

  Bankruptcy filings continue to increase despite the supposed restrictions on such activity BAPCPA was intended to impose.  As summarized by Jonathan Hayes over at the Bankruptcy Prof Blog: Total petitions filed in March were 131,000, a 28%…