Bill on Bankruptcy: Big Surprises For AMR, MF Global Creditors

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Dec. 19 (Bloomberg) -- Surprises about the financial condition of MF Global Holdings Ltd. and AMR Corp., the parent of American Airlines Inc., make up the first topic for discussion in the newest video by Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle. Rochelle next discusses how Mexican glass maker Vitro SAB is ginning up strategies to fend off U.S. bondholders who now have authority from U.S. courts to attempt collecting on the $1.2 billion in defaulted bonds they hold. The video ends with See more +
Dec. 19 (Bloomberg) -- Surprises about the financial condition of MF Global Holdings Ltd. and AMR Corp., the parent of American Airlines Inc., make up the first topic for discussion in the newest video by Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle. Rochelle next discusses how Mexican glass maker Vitro SAB is ginning up strategies to fend off U.S. bondholders who now have authority from U.S. courts to attempt collecting on the $1.2 billion in defaulted bonds they hold. The video ends with discussion of two significant appellate decisions of recent vintage. In the first, the U.S. Court of Appeals in New Orleans explains how professionals make a pact with the devil if they agree to a fixed fee. In the second, a district judge in Vermont becomes the first appellate court in the Second Circuit to rule that objections to the power of a bankruptcy court based on Stern v. Marshall can't be waived. See less -

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Topics:  American Airlines, Bonds, Chapter 11, Creditors, Debtor-Creditor, MF Global, Vitro Sab

Published In: Bankruptcy Updates, Civil Procedure Updates, Elections & Politics Updates, Finance & Banking Updates

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