Bill on Bankruptcy: Sex Doesn’t Sell Enough to Avoid Bankruptcy
Sept. 19 (Bloomberg) — There’s so much sex on the Internet that a website where adults hook-up couldn’t avoid bankruptcy, as Bloomberg Law’s Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their video in talking about the Chapter 11 filing by FriendFinder Networks Inc.
AMR Corp., again, is Case of the Week as the result of two court decisions, mostly favorable. Threshold decisions in Detroit’s municipal bankruptcy might be taken out of bankruptcy court, as the result of a Supreme Court decision two years ago.
The video closes with discussion of an opinion from the U.S. Court of Appeals in San Francisco allowing bankruptcy judges to control the outcome of disputes with taxing authorities, long after a company emerges from reorganization.