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More Bankruptcy Articles

  • Next asbestos bankruptcy could see Garlock-style fight or Bondex-style deal

    WILMINGTON, Del. (Legal Newsline) – When the next asbestos-related bankruptcy occurs, the Garlock Sealing Technologies case and Bondex International case will provide the debtor with two separate approaches for resolving disputes over asbestos liability. “What approach (debtors) adopt (in...

  • First documents filed pursuant to unsealing order in Garlock bankruptcy case

    CHARLOTTE, N.C. (Legal Newsline) – The debtors in the Garlock Sealing Technologies bankruptcy proceeding filed the first wave of documents on Monday in response to Judge George Hodges’s unsealing order. The debtors – which include Garlock, Garrison Litigation Management Group and The Anchor...

  • Detroit official: Debt plan 'adjustments' possible

    DETROIT (AP) — Detroit's chief financial officer acknowledged Thursday that officials may have to make "adjustments" to a plan aimed at reducing the bankrupt city's debt if future revenues come in lower than projected. John Hill Jr. was the first witness called during a trial that began this...



From the Weekly Standard