California Business Bankruptcy Blog

California Business Bankruptcy Blog is a forum for the discussion of all topics related to bankruptcy and reorganization issues related to businesses and family farms.

Author: Terrence T. Egland is an associate at Klein DeNatale Goldner Cooper Rosenlieb & Kimball in Bakersfield, Calif.

Blawg Related Categories: Bankruptcy Law • States • California • Associate

Recent Posts from California Business Bankruptcy Blog

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%…
Turning Back Time on Some of BAPCPA's Provisions
If you are a bankruptcy practioner that represents retail Chapter 11 clients, then legislation that is now before the Judiciary Committee may interest you and your clients. The bill, titled the "Business Reorganization and Job Preservation Act…
Not so fast with that hourly rate hike..."only" $925/hr is ok.
A couple weeks ago I pointed you to the story of the bankruptcy partner at Kirkland & Ellis seeking approval of an $1,100/hr fee in the Tronox Chapter 11. Attorneys at Sidley Austin were seeking approval…
Should you revisit your hourly rate?
I remember when earning $18.50 an hour seemed like a lot of money to me. My first professional job as a draftmen for a major aircraft manufacturer paid $11.58 an hour (based on my $24,100…