Federal Bankruptcy Code Links

Bankruptcy court approves Visteon Chapter 11 plan

A federal judge confirmed auto parts supplier Visteon's reorganization plan Tuesday, clearing the way for the company's emergence from bankruptcy. Visteon, a major supplier of parts to Ford Motor Co., said that it expects to emerge from Chapter 11 bankruptcy... Visteon - List of auto parts - Ford Motor Company - Chapter 11 Title 11 United States Code - Law

Colonial, Texas Rangers, Mexicana, Ronson, Cozumel: Bankruptcy

Bank holding company Colonial BancGroup Inc. won a major victory over the Federal Deposit Insurance Corp. when the bankruptcy judge in Montgomery, Alabama, ruled on Aug. 31 that Colonial hadn’t made an enforceable agreement to make up a $1 billion capital deficiency at the bank unit.

New rules for charitable hospitals

Under the sweeping federal health reform law known as the Patient Protection and Affordable Care Act, a charitable hospital "shall not be treated" as an Internal Revenue Code 501(c)(3) tax-exempt entity unless it meets specific new requirements. Those new requirements require prompt attention since they are effective in a hospital's first tax year after the act's enactment date.Specific ...

Minor Family Hotels Files for Chapter 11 Protection

CHARLOTTESVILLE, Va.--(BUSINESS WIRE)--Minor Family Hotels, LLC, owner of the Landmark Hotel project in downtown Charlottesville, announced today that in order to more quickly resolve the burdensome lawsuits that have prevented it from completing construction and putting people back to work, the Company has voluntarily filed for protection under Chapter 11 of the U.S. Bankruptcy Code. The ...

Ex-Lehman CEO blames government for firm's collapse

Richard Fuld cites the decision 'not to provide Lehman with the support given to each of its competitors.' His testimony comes in the final set of Washington hearings by a federal panel investigating the financial crisis. The former chief executive of Lehman Bros., whose failure in 2008 helped trigger the financial crisis, blamed the government for its collapse, saying Wednesday there was a ...