October 26, 2010
Now there’s a new way to get the legal news you need – no subscription required. It’s called Westlaw News & Insight, and it’s actually four distinct websites designed to help attorneys keep pace with current events in these practice areas:
Here are today’s top stories from the Bankruptcy site.
|MGM favors current Spyglass deal, contacts lenders
Hollywood studio Metro-Goldwyn-Mayer Inc told creditors that claims of synergies and cost savings outlined in a merger proposal by Lions Gate Entertainment Corp lacked proof, a source familiar with the matter told Reuters.
|Chicago’s Tribune Co. files reorganization plan
Tribune Co. filed a reorganization plan late on Friday that will turn over control of the bankrupt newspaper publisher to its leading creditors including JPMorgan Chase & Co., Angelo Gordon & Co. and Oaktree Capital Management.
|Falling median income figures make Chapter 7 more elusive
It will soon become harder for debtors to qualify for Chapter 7 bankruptcy in most states because of updated median income figures incorporated into the “means testing” provisions of the 2005 bankruptcy reform law.
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