The Los Angeles Dodgers, one of Major League Baseball’s most storied franchises, filed for chapter 11 bankruptcy protection on Monday June 27, 2011. The Dodgers are a Delaware limited liability company, which is the reason the case was filed in the Bankruptcy Court for the District of Delaware. The club’s list of 40 largest unsecured claims reads like a major league roster, as it includes debts... Read More

While chapter 7 bankruptcy cases usually go fairly smoothly, it is not uncommon for creditors to threaten to file an objection to the discharge of a debt owed to them. In many cases, these creditors are large credit card companies arguing that the debts owed to them should be not discharged in a debtor’s chapter 7 petition because certain of the charges made by a debtor prior to the filing of the... Read More

One of the unique traits of a corporate chapter 11 bankruptcy is the role that a creditors committee can have on a case. Virtually any person or entity can be appointed a member of a creditor committee. In fact, New York Yankees third baseman Alex Rodriguez was named to the creditors committee for the Texas Rangers’ bankruptcy case. This article provides a brief overview as to what a creditors... Read More

An income tax exemption is available to certain entities that the state and/or federal governments want to promote economically. Federal income tax exemption is governed by 28 U.S.C. §501(c)(3), which provides, in pertinent part, that corporations organized and operated exclusively for charitable purposes are exempt from... Read More

While it’s that time of year again for the San Diego County Fair to take over the Del Mar Fairgrounds, that same tract of land is facing issues even messier than deep fried candy bars. The Del Mar Fairgrounds is currently involved in a legal battle that will shape how the land is going to be developed and used for years to come. The Fairgrounds were built in 1937 and covers 370 acres. It is currently... Read More

Enacted in 1965, Medicare primarily covers individuals aged 65 and over. It is regulated by the Centers for Medicare and Medicaid Services (the “CMS”). While most people are somewhat familiar with Medicare, many do not understand that the services covered by Medicare are governed by a single standard. The general... Read More

To start, a chapter 7 bankruptcy is also known as a liquidation bankruptcy, which means that a Chapter 7 Trustee will liquidate any of a debtor’s assets he or she can in order to satisfy the debtor’s liabilities. However, certain assets are exempt from liquidation, meaning that the Chapter 7 Trustee cannot liquidate... Read More

One of the most popular pizza chains found in malls across San Diego, and the whole country, filed for Chapter 11 bankruptcy on April 4, 2011. Sbarro, a private-equity-owed pizza chain hit hard by rising food costs and the overall economic crisis, filed its case in the Bankruptcy Court for the Southern District of New York. The Sbarro family began the business in 1956 after emigrating from Italy. ... Read More