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Tag Archives: Bankruptcy

Court Vacates Company’s ‘Staggering Sanctions’ (access required)

The 4th Circuit vacates a bankruptcy court’s “staggering sanctions” of $1.29 million in attorney’s fees and costs on creditor Blue Cross/Blue Shield of North Carolina and dismissal with prejudice of claims the creditor valued at over $10 million; although the ...

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Debtors May Use ‘Standard’ Amounts for Expenses (access required)

Debtors may take the full National and Local Standard amounts for expenses in their chapter 7 bankruptcy proceeding even though their actual expenses are less than the Standard amounts; the 4th Circuit upholds a bankruptcy court’s refusal to dismiss the ...

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Liquidating Trust Protected from Subpoena (access required)

 A Richmond U.S. Bankruptcy Court grants a motion for protection filed by debtor Circuit City Stores Inc. Liquidat­ing Trust for protection from a foreign subpoena issued at the behest of Toshi­ba Corporation and Toshiba Electronic Components Inc. in connection with ...

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