FairPoint files its bankruptcy plan
PORTLAND, Maine — Financially troubled FairPoint Communications Inc. has submitted its bankruptcy reorganization plan after two months of delays. The document was filed Monday in U.S. Bankruptcy Court in New York, where FairPoint filed for Chapter 11 bankruptcy in October. (Mon, 08 Feb 2010 16:56:13 GMT)
FairPoint bankruptcy plan keeps broadband rollout, avoids some penalty
FairPoint Communications says it will continue with the rollout of high-speed Internet service throughout New Hampshire as it emerges from bankruptcy, although there will be some delays in more rural areas. (Mon, 08 Feb 2010 16:22:27 GMT)
FairPoint files its bankruptcy plan
PORTLAND, Maine -- The debt load of telecommunications provider FairPoint Communications Inc. will be cut by nearly two-thirds under its bankruptcy reorganization plan. The document filed Monday … (Mon, 08 Feb 2010 15:54:18 GMT)
APNewsBreak: FairPoint Files Its Bankruptcy Plan
APNewsBreak: FairPoint Communications files Chapter 11 bankruptcy reorganization plan Chapter 11 Title 11 United States Code - Law - United States - Services - Lawyers and Law Firms (Mon, 08 Feb 2010 14:40:15 GMT)
FairPoint files its bankruptcy plan
PORTLAND, Maine - The telecommunications provider FairPoint Communications Inc. has filed its bankruptcy reorganization... (Mon, 08 Feb 2010 14:35:04 GMT)
APNewsBreak: FairPoint files its bankruptcy plan
The telecommunications provider FairPoint Communications Inc. has filed its bankruptcy reorganization plan after two months of delays. (Mon, 08 Feb 2010 14:09:27 GMT)
APNewsBreak: FairPoint files its bankruptcy plan
Financially troubled FairPoint Communications Inc. has submitted its bankruptcy reorganization plan after two months of delays. (Mon, 08 Feb 2010 14:03:37 GMT)
Looking Back: Lakey Foundry bankruptcy stuns Muskegon area
Chronicle file photoThe sprawling Lakey Foundry Corp. in downtown Muskegon has filed voluntary bankruptcy proceedings in Federal Court in Grand Rapids. The firm’s estimated 700 employees had been laid off in February 1972. The petition filed by the firm was... (Mon, 08 Feb 2010 12:54:18 GMT)
CIT, emerging from bankruptcy, hires Thain as CEO
CIT Group Inc has hired former Merrill Lynch CEO John Thain as its new chief executive, the commercial lender said late on Sunday, wagering that the well-traveled executive can guide its post-bankruptcy turnaround. (Mon, 08 Feb 2010 02:07:14 GMT)
CIT, emerging from bankruptcy, hires Thain as CEO
NEW YORK (Reuters) - CIT Group Inc has hired former Merrill Lynch CEO John Thain as its new chief executive, the commercial lender said late on Sunday, wagering that the well-traveled executive can guide its post-bankruptcy turnaround. (Mon, 08 Feb 2010 02:07:14 GMT)
Faces of the Recession: Bankruptcy attorney helps people through the bad times
While the country struggles with its finances, the gorilla in the room grows bigger. Wall Street takes its bailouts and companies struggle to refinance loans, and the average Joe in more cases than ever is turning to bankruptcy to make it through these tough times. Personal and business bankruptcy filings are soaring nationwide, and growing locally, rivaling the nationwide push to beat ... (Sun, 07 Feb 2010 16:13:02 GMT)
Clerk: Colony was close to bankruptcy
According to town clerk Kristie Williams, the town of Colony came close to bankruptcy. (Sun, 07 Feb 2010 13:12:01 GMT)
Bankruptcy filings in U.S. grow 21%
BLOOMBERG WASHINGTON - U.S. bankruptcy filings rose 21 percent in January from a year earlier, to a total of about 102,000, according to statistics compiled from court records by Automated Access to Court Electronic Records. Filings were up 1 percent from December. Nevada led the country in per capita filings, followed by Georgia, Tennessee, Alabama, and Michigan. Including individuals, total U ... (Sun, 07 Feb 2010 09:40:43 GMT)
The Columbian emerges from Chapter 11 bankruptcy in Vancouver
A judge approves a reorganization plan, allowing the 120-year-old newspaper to emerge from Chapter 11 bankruptcy after nine months of negotiations with its creditors. (Sat, 06 Feb 2010 16:59:55 GMT)
Preferred Financial Services Earns Accreditation From U.S. Organizations for Bankruptcy Alternatives (USOBA)
Consumers need to be aware that many ‘fly-by-night’ debt reduction firms have popped up on the scene. To avoid getting tied-up with one of these unscrupulous firms, consumers should work only with firms that are accredited by the United States Organizations for Bankruptcy Alternatives (U.S.O.B.A.) (PRWeb Feb 6, 2010) Read the full story at http://www.prweb.com/releases/pr ... (Sat, 06 Feb 2010 14:21:06 GMT)
Preferred Financial Services Earns Accreditation From U.S. Organizations for Bankruptcy Alternatives (USOBA)
Consumers need to be aware that many ‘fly-by-night’ debt reduction firms have popped up on the scene. To avoid getting tied-up with one of these unscrupulous firms, consumers should work only with firms that are accredited by the United States Organizations for Bankruptcy Alternatives (U.S.O.B.A.) (Sat, 06 Feb 2010 13:05:00 GMT)
Owner of Hollywood Video files for bankruptcy court protection
Movie Gallery Inc., the second- largest North American video-rental chain, filed for bankruptcy protection for the second time since 2007, saying it plans to close "a significant number" of stores. (Sat, 06 Feb 2010 07:39:40 GMT)
Movie Gallery declares Chapter 11 Bankruptcy, area locations to close
POINT PLEASANT — Movie enthusiasts will soon need to seek other means of renting the latest DVD or Blu-Ray films. Movie Gallery, Inc., filed Chapter 11 bankruptcy on Wednesday. The Wilsonville, Or... (Sat, 06 Feb 2010 06:58:30 GMT)
Bashas' bankruptcy exit may come soon
Associated Press TUCSON — Arizona grocery chain Bashas’ Inc. could emerge from bankruptcy in April if a judge approves its reorganization plan. (Sat, 06 Feb 2010 06:36:11 GMT)
Pennsylvania Capital Harrisburg Has Bankruptcy Option (Update1)
Harrisburg, the capital of Pennsylvania, will consider Chapter 9 bankruptcy protection along with tax increases and asset sales as options to address $68 million in debt service payments due this year, the chairwoman of a City Council committee said last night. (Fri, 05 Feb 2010 23:43:09 GMT)
Federal Judge Says Rules Needed To Bar Bankruptcy Failure Bets
Feb. 5 (Bloomberg) -- Proposed changes to a provision in bankruptcy law could stop hedge funds from betting on the failure of Chapter 11 reorganizations, a federal judge said, opposing the stance of distressed-asset investors. (Fri, 05 Feb 2010 20:11:11 GMT)
Bankruptcy Rule May Chill Investing, Lawyer Says (Update1)
Feb. 5 (Bloomberg) -- A bankruptcy rule that forces hedge funds to disclose information about their trading might chill investing in companies that are reorganizing, attorney Jon Kibbe said at a public hearing. (Fri, 05 Feb 2010 18:41:16 GMT)
Kazakh lender BTA Bank files U.S. bankruptcy
BTA Bank , the second-largest bank in Kazakhstan, sought bankruptcy protection in the United States to protect itself from U.S. creditors while it restructures $11.6 billion of debt at home. (Fri, 05 Feb 2010 15:04:42 GMT)
Kazakh lender BTA Bank files U.S. bankruptcy
NEW YORK (Reuters) - BTA Bank , the second-largest bank in Kazakhstan, sought bankruptcy protection in the United States to protect itself from U.S. creditors while it restructures $11.6 billion of debt at home. (Fri, 05 Feb 2010 15:04:42 GMT)
Kazakh lender BTA Bank files U.S. bankruptcy
NEW YORK (Reuters) - BTA Bank , the second-largest bank in Kazakhstan, sought bankruptcy protection in the United States to protect itself from U.S. creditors while it restructures $11.6 billion of debt at home. (Fri, 05 Feb 2010 14:54:44 GMT)
Mounting medical fees force lawmaker into bankruptcy
State Rep. Joe Bertram is declaring bankruptcy because he says he can't afford medical expenses from an illness that hospitalized him last year, the Maui News reported. The Maui Democrat says in his Jan. 28 bankruptcy filing that he owes more than $51,000 to creditors and has only $1,600 in assets. (Fri, 05 Feb 2010 12:12:08 GMT)
State Rep. Joe Bertram declares bankruptcy
State Rep. Joe Bertram is declaring bankruptcy because he says he can't afford medical expenses from an illness that hospitalized him last year. (Fri, 05 Feb 2010 12:05:00 GMT)
McGrath's files for bankruptcy
McGrath's Fish House, a Salem-based restaurant chain with 20 locations, has filed a Chapter 11 bankruptcy. (Fri, 05 Feb 2010 11:22:40 GMT)
BTA, Second-Biggest Kazakh Bank, Files for Bankruptcy in U.S.
Feb. 5 (Bloomberg) -- BTA Bank , Kazakhstan’s second-largest lender by assets, filed for bankruptcy protection to shield itself from U.S. creditors as it restructures about $11.6 billion in debt. (Fri, 05 Feb 2010 06:05:38 GMT)
Hedge funds, bankruptcy judges spar over disclosure
Hedge funds will defend their coveted secrecy against bankruptcy judges who want more information about their economic interests before granting them an active role in Chapter 11 reorganizations. (Thu, 04 Feb 2010 22:10:05 GMT)
Century-old foundry seeks bankruptcy protection
Neenah Enterprises, one of the largest independent foundries in the country, is filing for Chapter 11 bankruptcy protection. (Thu, 04 Feb 2010 17:04:40 GMT)
Wisconsin foundry files for bankruptcy protection
WILMINGTON, Del. — Neenah Enterprises, one of the largest independent foundry companies in the country, has filed for Chapter 11 bankruptcy protection in Delaware. (Thu, 04 Feb 2010 16:33:58 GMT)
Movie Gallery to continue operating in bankruptcy
Movie Gallery Inc., owner of struggling movie rental chain Hollywood Video, said Wednesday it will continue to operate while the company is in bankruptcy. (Thu, 04 Feb 2010 16:26:11 GMT)
Oregon-based Movie Gallery files for Ch 11 bankruptcy
NEW YORK (AP) -- Movie Gallery Inc. has filed for Chapter 11 protection and plans to close 805 stores -- about a third of its total. Its the second trip through bankruptcy court in just three years for the owner of the Hollywood Video movie rental chain. The Wilsonville, Ore.-based company is struggling with competition as more people choose to stream videos online from Netflix and other ... (Thu, 04 Feb 2010 16:20:27 GMT)
Owner of Neenah Foundry files for bankruptcy
NEENAH — Neenah Enterprises Inc., owner of Neenah Foundry, which employs about 800 here, filed for Chapter 11 bankruptcy Wednesday. (Thu, 04 Feb 2010 16:17:34 GMT)
Spheris files for bankruptcy, plans sale
Franklin-based Spheris Inc. filed for Chapter 11 bankruptcy protection in a federal court in Delaware Wednesday, but said it may sell its domestic operations to a New Jersey-based rival in the medical transcription field. (Thu, 04 Feb 2010 12:33:50 GMT)
Movie Gallery Files for Bankruptcy
Movie Gallery , the operator of the Hollywood Video rental chain, plans to close 805 poorly performing U.S. stores after falling sales and mounting losses led to its second bankruptcy in three years, Reuters reported. (Thu, 04 Feb 2010 11:11:07 GMT)
Pennsylvania State Capital Mulls Bankruptcy as a Budget Option
Feb. 4 (Bloomberg) -- Harrisburg, the capital of Pennsylvania, will consider Chapter 9 bankruptcy protection along with tax increases and asset sales as options to address $68 million in debt service payments due this year, the chairwoman of a City Council committee said last night. (Thu, 04 Feb 2010 05:00:01 GMT)
Zayat Stables, 2008's earnings leader, files for bankruptcy
Prominent racehorse owner Ahmed Zayat has filed for Chapter 11 bankruptcy protection in New Jersey. (Thu, 04 Feb 2010 02:56:17 GMT)
Movie Gallery files bankruptcy protection again
Movie Gallery, owner of the Hollywood Video movie rental chain, has filed for bankruptcy protection and plans to close a third of its stores. (Thu, 04 Feb 2010 01:28:08 GMT)
Movie Gallery files bankruptcy, to shut 805 stores
Movie Gallery Inc, operator of the Hollywood Video rental chain, filed for bankruptcy for the second time in three years after sales fell and losses mounted, and said it would close 805 U.S. stores. (Wed, 03 Feb 2010 18:00:43 GMT)
Movie Gallery files bankruptcy, to shut many stores
NEW YORK (Reuters) - Movie Gallery Inc, the operator of Hollywood Video stores, has filed for Chapter 11 bankruptcy and plans to close a "significant number" of its roughly 2,600 stores in the United ... (Wed, 03 Feb 2010 16:29:03 GMT)
Congress passes bill on bankruptcy framework
AFTER 10 YEARS IN THE legislative mill, the Philippines has adopted a modern bankruptcy framework aiming for a faster and more orderly rehabilitation or liquidation of financially distressed companies and individuals. (Wed, 03 Feb 2010 16:27:46 GMT)
Movie Gallery files for bankruptcy—again
Movie Gallery Inc., owner of the Movie Gallery and Hollywood Video, for bankruptcy protection in Richmond. This is the second time the movie rental chain has turned to the U.S. Bankruptcy Court here. The first was in 2007. In court papers filed yesterday, the chain cited challenging industry conditions and competition from cable providers, Netflix, Redbox as well as other brink and mortar ... (Wed, 03 Feb 2010 16:22:23 GMT)
Movie Gallery Files for Bankruptcy Court Protection (Update2)
Feb. 3 (Bloomberg) -- Movie Gallery Inc. , the second- largest North American video-rental chain, filed for bankruptcy protection for the second time since 2007, saying it plans to close “a significant number” of stores. (Wed, 03 Feb 2010 16:00:35 GMT)
Movie Gallery Files for Bankruptcy Court Protection (Update1)
Feb. 3 (Bloomberg) -- Movie Gallery Inc. , the second- largest North American video-rental chain, filed for bankruptcy protection for the second time since 2007. (Wed, 03 Feb 2010 15:41:25 GMT)
Movie Gallery files bankruptcy, to shut 805 stores
Movie Gallery Inc, the operator of the Hollywood Video rental chain, plans to close 805 poorly performing U.S. stores after falling sales and mounting losses led to its second bankruptcy in three years. (Wed, 03 Feb 2010 15:22:37 GMT)
Experts: Bankruptcy not automatic fix for hospitals
In the current economic climate, one bad decision can set off a chain reaction toward bankruptcy, health care experts say. (Wed, 03 Feb 2010 14:17:18 GMT)
Movie Gallery files bankruptcy, to shut many stores
Movie Gallery Inc, the operator of Hollywood Video stores, has filed for Chapter 11 bankruptcy and plans to close a "significant number" of its roughly 2,600 stores in the United States and Canada. (Wed, 03 Feb 2010 14:02:52 GMT)
Blockbuster Rival Files for Bankruptcy
Movie Gallery files for bankruptcy and says it will shutter stores. (Wed, 03 Feb 2010 13:25:44 GMT)
Clayton hotel project files for bankruptcy
The future of the proposed Westin Hotel in Clayton grew cloudy Tuesday when the developer filed for bankruptcy protection. (Wed, 03 Feb 2010 11:52:14 GMT)
Miell may not get bankruptcy discharge
Landlord Robert Miell of Cedar Rapids will be denied a discharge of his debts in bankruptcy if a federal trustee has his way. Miell failed to disclose many of his assets when he filed for Chapter 11 bankruptcy protection last year, U.S. Bankruptcy Trustee Habbo Fokkena said in a motion filed in U.S. Bankruptcy Court here. Miell [...] (Tue, 02 Feb 2010 14:59:30 GMT)
Ironbridge affordable housing released from bankruptcy
GLENWOOD SPRINGS, Colorado - Four affordable housing units at the Ironbridge subdivision are back under contract, and an open house is planned for this Saturday to market eight additional units that have been tied up in bankruptcy for the past year. "It's been a long wait," said Brenda Buchanan of Carbondale, who plans to move into one of the deed-restricted Ironbridge units with her 12-year-old ... (Tue, 02 Feb 2010 14:16:07 GMT)
Crescent has exit plan on bankruptcy: Developer seeks OK to shed debt, partly repay creditors
Feb. 2--Crescent Resources, one of Charlotte's biggest developers, has filed a bankruptcy reorganization plan that would shave about $1 billion from its secured debt. (Tue, 02 Feb 2010 13:20:06 GMT)
FairPoint Changes Bankruptcy Date
For the third time since December, FairPoint Communications is pushing back the date for when it will submit its bankruptcy reorganization plan. The company was supposed to file in U.S. Bankruptcy Court on Monday. But FairPoint says it needs more time to complete negotiations with lenders, un . . . (Tue, 02 Feb 2010 12:38:51 GMT)
Bankruptcy better than waiting out debt
Dear Bankruptcy Adviser, I had great credit for years. After a bitter divorce, I was left with nothing. I lived on credit cards and a small amount of savings, making minimum payments as long as I could. I finally stopped paying them about two years ago when my savings were gone. (Tue, 02 Feb 2010 11:36:59 GMT)
Fairpoint yet to file plan for bankruptcy
PORTLAND, Maine (AP) - For the third time since December, FairPoint Communications is pushing back the date for when it will submit its bankruptcy reorganization plan. The company says it won't be filing its reorganization plan in U.S. Bankruptcy Court in New York as planned on Monday. (Tue, 02 Feb 2010 11:29:44 GMT)
Bankruptcy filings rise 4% in Toledo area for January
BLADE STAFF January bankruptcy filings in northwest Ohio rose 4 percent over the same month a year ago, reaching their highest level since bankruptcy reforms were enacted in 2005. There were 482 bankruptcy petitions filed last month for the 21 counties covered by the U.S. Bankruptcy Court in Toledo. That’s up from 462 filings for January, 2009, but a decrease from the 602 cases filed for the ... (Tue, 02 Feb 2010 11:09:55 GMT)
Business Briefs: Crescent Resources to emerge from bankruptcy
Crescent Resources said that the company and certain subsidiaries have filed a plan of reorganization with a Texas court and that they expect to emerge from bankruptcy early in the second quarter. (Tue, 02 Feb 2010 08:49:21 GMT)
FairPoint delays filing Ch. 11 bankruptcy plan
PORTLAND, Maine (AP) — For the third time since December, FairPoint Communications is pushing back the date for when it will submit its bankruptcy reorganization plan. ... - TIMES ARGUS STAFF TIMES ARGUS STAFF (Tue, 02 Feb 2010 08:11:03 GMT)
Home Valu pushed into bankruptcy by suppliers
Three suppliers owed nearly $500,000 by Home Valu Interiors have moved to force the failed home remodeling company into bankruptcy. In an involuntary bankruptcy petition filed Friday in U.S. Bankrupt... (Tue, 02 Feb 2010 05:09:28 GMT)
Zale Next Retail Bankruptcy: Poll Predicts
Zale is the most likely retailer to file for bankruptcy in the next 12 months, according to a poll of users of TheStreet. (Mon, 01 Feb 2010 15:11:55 GMT)
R.H. Donnelley emerges from bankruptcy with new name – Dex One
Get the latest news alerts: Follow LTW at Twitter. CARY, N.C. – Yellow pages and interactive advertising firm R.H. Donnelley takes on a new name, Dex One , and a new stock symbol on the New York Stock Exchange after successfully emerging from bankruptcy. (Mon, 01 Feb 2010 15:04:18 GMT)
Is reaffirming card debt during bankruptcy wise?
When filing for bankruptcy, a reader want to reaffirm credit card debt, with the hope of still being able to use the card. Chances are slim the card will still be usable. (Mon, 01 Feb 2010 15:03:04 GMT)
(AFX UK Focus) 2010-02-01 14:42 Reader's Digest to delay bankruptcy emergence
NEW YORK, Feb 1 (Reuters) - Reader's Digest Association Inc said on Monday it would delay its emergence from bankruptcy after Britain's pension regulator said it would not approve the publisher's agreement with pension fund trustees regarding a British pension fund deficit. The British arm of Reader's Digest in January reached an agreement with the trustees of its and the UK Pension Protection ... (Mon, 01 Feb 2010 14:56:52 GMT)
Crescent files bankruptcy exit plan
Crescent Resources, one of Charlotte’s leading developers, said today it has filed a reorganization plan to lead it out of bankruptcy by summer. (Mon, 01 Feb 2010 14:51:14 GMT)
Reader's Digest to delay bankruptcy emergence
Reader's Digest Association Inc said on Monday it would delay its emergence from bankruptcy after Britain's pension regulator said it would not approve the publisher's agreement with pension fund trustees regarding a British pension fund deficit. (Mon, 01 Feb 2010 14:39:00 GMT)
Bankruptcy Looms for Bulgaria Academy of Sciences
The Bulgarian Academy of Sciences (BAS) is near bankruptcy, the BAS Chair Nikola Sabotinov said Monday. Sabotinov announced that the Academy can afford to pay their electric and heating bills only for February and the money has been collected through BAS own savings. (Mon, 01 Feb 2010 14:20:55 GMT)
Exit Facilities in Bankruptcy
By Hunter. When a company is in the process of planning its bankruptcy exit, discussions on how the company will raise capital to fund administrative and DIP claims (among many others) begin to be heard in the market. Will the company do a bond offering? What about a rights offering? All this will be stipulated in a company's disclosure statement and bankruptcy plan. Read more » » (Mon, 01 Feb 2010 13:42:33 GMT)
FairPoint bankruptcy plan expected today
After much delay FairPoint Communications is expected to file its bankruptcy reorganization plan today. (Mon, 01 Feb 2010 10:17:30 GMT)
2009 Bankruptcy filings up more than 50 percent in Midland
A weaker economy and falling oil prices meant bankruptcy filings in the Midland Division were up by about 53 percent from 2008 to 2009, according to records from the U.S. Bankruptcy Court. (Mon, 01 Feb 2010 06:15:02 GMT)
Bankruptcy filing caps string of clinic losses
The East Chicago Community Health Center that filed for bankruptcy earlier this month had been teetering on the brink of financial disaster for years. The problems have jeopardized the existence of the safety net provider that serves more than 12,000 patients, regardless of their income, insurance or ability to pay. (Sun, 31 Jan 2010 10:33:19 GMT)
Vallejo to review bankruptcy with judge
Vallejo representatives will be back in U.S. Bankruptcy Court in Sacramento on Monday to address concerns by retired city employees.Federal Bankruptcy Judge Michael McManus reviewed a request by a committee of city retirees on Oct. (Sun, 31 Jan 2010 08:15:31 GMT)
2009 Bankruptcy filings up more than 50 percent in Midland
A weaker economy and falling oil prices meant bankruptcy filings in the Midland Division were up by about 53 percent from 2008 to 2009, according to records from the U.S. Bankruptcy Court. (Sun, 31 Jan 2010 08:00:01 GMT)
Bashas' bankruptcy exit may come soon
Associated Press TUCSON — Arizona grocery chain Bashas’ Inc. could emerge from bankruptcy in April if a judge approves its reorganization plan. (Sun, 31 Jan 2010 06:37:02 GMT)
Maui loan firm files for bankruptcy
Hawaii: A Wailuku industrial loan company that was ordered to stop taking deposits and investment money from customers has filed for bankruptcy. Maui Industrial Loan & Finance Co. Inc. is seeking to liquidate its business after filing a Chapter 7 bankruptcy on Thursday. (Sun, 31 Jan 2010 03:44:03 GMT)
London risks becoming 'brothel' for bankruptcy tourists
Senior lenders of a car wash firm, IMO, won a landmark UK court ruling last year, which experts say has encouraged 'bankruptcy tourism'. Photograph: Brian Branch-Price/AP Britain is at risk of becom... (Sun, 31 Jan 2010 01:14:54 GMT)
Judge Approves Smurfit-Stone's Bankruptcy Reorganization
A U.S. bankruptcy judge approved Smurfit-Stone's Chapter 11 reorganization Friday. The company filed its Chapter 11 plan in court back in December. (Sat, 30 Jan 2010 23:43:34 GMT)
Judge approves Smurfit Stone bankruptcy plan
Smurfit Stone Container Corporation received bankruptcy court approval on Friday to put its reorganization plan to a vote by creditors, despite the objections of shareholders who say the company is undervalued. (Sat, 30 Jan 2010 20:57:12 GMT)
Major Tacoma state worker office complex tied to bankruptcy filing
A major Tacoma office complex that houses hundreds of state workers has been added to the list of commercial properties in a bankruptcy filing of a major U.S. real estate investment trust. (Sat, 30 Jan 2010 16:05:23 GMT)
Maui loan firm files for bankruptcy
Hawaii: A Wailuku industrial loan company that was ordered to stop taking deposits and investment money from customers has filed for bankruptcy. Maui Industrial Loan & Finance Co. Inc. is seeking to liquidate its business after filing a Chapter 7 bankruptcy on Thursday. (Sat, 30 Jan 2010 12:17:57 GMT)
Herbst Gaming to emerge from bankruptcy
LAS VEGAS -- Regulatory filings say Herbst Gaming will emerge from bankruptcy next week as a reorganized holding company with assets worth nearly $915 million. (Sat, 30 Jan 2010 09:41:37 GMT)
Bashas' bankruptcy exit may come soon
Associated Press TUCSON — Arizona grocery chain Bashas’ Inc. could emerge from bankruptcy in April if a judge approves its reorganization plan. (Sat, 30 Jan 2010 06:38:22 GMT)
Judge Approves Smurfit-Stone's Bankruptcy Reorganization
A U.S. bankruptcy judge approved Smurfit-Stone's Chapter 11 reorganization Friday. The company filed its Chapter 11 plan in court back in December. (Sat, 30 Jan 2010 04:59:59 GMT)
Pasadena Playhouse Will Shut Down; Bankruptcy Eyed
Pasadena Playhouse, the State Theatre of California, announced on Jan. 29 that it will shutter Feb. 7 after the run of Camelot. But the not-for-profit's leaders intend "to explore viable options of financial reorganization, including bankruptcy." (Fri, 29 Jan 2010 22:53:16 GMT)
Yellow pages publisher exits bankruptcy
The yellow pages publisher formerly known as R.H. Donnelley has emerged from bankruptcy with an upgraded rating on its debt, according to Standard and Poor's. (Fri, 29 Jan 2010 20:16:18 GMT)
WaMu Judge Lets Shareholders Retain Bankruptcy Role (Update1)
Jan. 29 (Bloomberg) -- Shareholders of Washington Mutual Inc. , the former parent of the biggest U.S. bank to fail, deserve their expanded role in the company’s bankruptcy case, a judge ruled. (Fri, 29 Jan 2010 16:26:27 GMT)
Bashas' bankruptcy exit may come soon
Associated Press TUCSON — Arizona grocery chain Bashas’ Inc. could emerge from bankruptcy in April if a judge approves its reorganization plan. (Fri, 29 Jan 2010 15:51:38 GMT)
Mac offshoot files for bankruptcy
Parking Co of America Airports, which calls itself the largest domestic offsite airport parking business in the US, has sought bankruptcy protection, saying it plans to sell the company after revenue was hurt by a slumping airline industry. (Fri, 29 Jan 2010 13:26:13 GMT)
Bankruptcy court gives West Pittston’s igourmet 60 more days
WILKES-BARRE – Attorneys in the bankruptcy of igourmet have agreed to a 60-day extension for the online seller of cheeses and specialty foods to file a plan for reorganization. (Fri, 29 Jan 2010 08:48:12 GMT)
Bankruptcy judge rejects WaMu subpoena request
A Delaware bankruptcy judge on Thursday denied Washington Mutual Inc.'s request to force government regulators and others to turn over documents related to the 2008 collapse of Washington Mutual Bank. (Fri, 29 Jan 2010 02:21:25 GMT)
Bankruptcy judge rejects WaMu subpoena request
A Delaware bankruptcy judge on Thursday denied Washington Mutual Inc.'s request to force government regulators and others to turn over documents related to the 2008 collapse of Washington Mutual Bank. In a court filing last month, the bank holding company... Washington Mutual - Bankruptcy - United States Department of the Treasury - Federal Reserve System - Delaware (Fri, 29 Jan 2010 00:40:20 GMT)
Bankruptcy Judge Rejects WaMu Subpoena Request
Delaware bankruptcy judge rejects request from WaMu for document subpoenas Subpoena - Services - United States - Law - Lawyers and Law Firms (Fri, 29 Jan 2010 00:40:05 GMT)
Bankruptcy judge denies Wamu request for subpoenas
A Delaware bankruptcy judge has denied Washington Mutual's request to force government regulators and others to turn over documents related to the bank's 2008 collapse. (Fri, 29 Jan 2010 00:23:01 GMT)
Magnum Hunter Resources Announces Confirmation by U.S. Bankruptcy Court of Triad Energy's Plan of Reorganization
HOUSTON, TX--(Marketwire - January 28, 2010) - Magnum Hunter Resources Corp. ( NYSE Amex : MHR ) ( NYSE Amex : MHR-PC ) (the "Company") announced today that the United States Bankruptcy Court for the Southern District of Ohio, Eastern Division (the "Bankruptcy Court") had entered an order (the "Confirmation Order") confirming Triad Energy Corp.'s ("Triad") Plan of Reorganization. The ... (Thu, 28 Jan 2010 15:22:05 GMT)
Denise Holden, Council District D candidate, cites experience managing company bankruptcy
Denise Holden, the lone challenger to District D City Councilwoman Cynthia Hedge-Morrell , doesn't see a political downside to financial problems that have beset the home health care agency she runs. In fact, she views the Chapter 11 bankruptcy reorganization as a plus. (Thu, 28 Jan 2010 15:12:03 GMT)
Realvest Corp. files for bankruptcy protection
Realvest Corp., one of Vancouver’s largest real estate development and management companies, filed for Chapter 11 bankruptcy protection Wednesday in U.S. Bankruptcy Court in Tacoma. Realvest, owned by Realvest board chairman Paul Christensen and Greg Daniels, operates nine apartment rental properties with 1,145 units and six commercial properties including 205 Commerce Center, Main Place office ... (Thu, 28 Jan 2010 14:24:50 GMT)
Bankruptcy Judge O.K.s Bonuses for Tribune Execs
A bankruptcy judge on Wednesday approved a $45.6 million incentive program for top executives and managers of the Tribune Company, overruling objections by a union and the bankruptcy trustee that the payout was too high and unwarranted. (Thu, 28 Jan 2010 11:41:24 GMT)
Landfill owners face bankruptcy
UNIONTOWN -- The owners of a west Alabama landfill have filed for bankruptcy protection despite a multimillion-dollar contract to accept tons of coal ash spilled in an environmental accident at a Tennessee Valley Authority power plant. (Thu, 28 Jan 2010 10:20:04 GMT)
Bankruptcy filings show upscale lifestyle of insurance exec Murray
By David Falchek For years, insurance executive Brian J. Murray was one of Scranton's most prominent civic leaders, downtown developers and political power brokers. Now under investigation, in bankruptcy court and dogged by civil lawsuits, Mr. Murray h (Thu, 28 Jan 2010 09:21:52 GMT)
Overworked junior bankruptcy lawyers find rare outlet
Hoisting mixed drinks and swapping business cards, scores of bankruptcy professionals bellied up to a New York bar at a rare networking event solely for junior business turnaround experts. (Thu, 28 Jan 2010 04:17:15 GMT)
Bankruptcy Judge Approves Bonus Payments for Tribune Executives
A union and the bankruptcy trustee questioned a $45.6 million incentive program for top executives and managers after thousands of layoffs. (Thu, 28 Jan 2010 02:35:27 GMT)
Report: Movie Gallery May File Bankruptcy
Report: Movie Gallery, owner of Hollywood Video, could file for bankruptcy next week Movie Gallery - Bankruptcy - United States - Services - HollywoodVideo (Thu, 28 Jan 2010 00:10:15 GMT)
Report: Movie Gallery may file bankruptcy
Movie Gallery Inc., owner of the Hollywood Video movie rental chain, may file for bankruptcy court protection as soon as next week, according to a news report. (Wed, 27 Jan 2010 23:44:16 GMT)
Bankruptcy Filing Halts Revere’s Ocean Club Auction
A last-minute bankruptcy filing has derailed today's planned foreclosure auction of 2.1 acres of oceanfront property once slated to become the 242-unit Ocean Club condominium development in Revere. (Wed, 27 Jan 2010 16:32:51 GMT)
Padma Bhushan to Chatwal shows political bankruptcy BJP
BJP insisted that the government's decision to bestow Padma Bhushan on controversial hotelier Sant Singh Chatwal was a "mistake" and it has shown political bankruptcy by rewarding a "broker". (Wed, 27 Jan 2010 15:00:28 GMT)
Harrisburg Facing Bankruptcy; Mayor Proposes Tax Hike, Leasing Assets
After just a few weeks in office, Harrisburg Mayor Linda Thompson is facing financial problems that could put the city in bankruptcy before the end of the year. (Wed, 27 Jan 2010 14:04:52 GMT)
Disney-area theater files for bankruptcy
The owners of a movie theater inside a struggling Disney-area mall have filed for bankruptcy reorganization. GardenWalk Cinemas LLC, which owns the theater inside the Shops at Anaheim GardenWalk mall, submitted the petition in U.S. Bankruptcy Court... (Wed, 27 Jan 2010 13:53:51 GMT)
EU's Juncker: No Risk Of Greek State Bankruptcy
BRUSSELS -(Dow Jones)- The Greek government isn't at risk of bankruptcy and shouldn't need external aid, Luxembourg Prime Minister Jean-Claude Juncker said Wednesday. (Wed, 27 Jan 2010 12:47:10 GMT)
Indian River has top increase on Treasure Coast in personal bankruptcy
Personal bankruptcy filings by Treasure Coast residents jumped 45 percent in 2009 over the previous year, with the biggest increase in Indian River County.The rise in personal bankruptcy filings on the Treasure Coast was consistent with most of Florida, an analysis of data from the U.S. Bankruptcy Court’s Web site shows.The bankruptcies include both personal and business filings, and are across ... (Wed, 27 Jan 2010 10:10:00 GMT)
Perry County landfill owners file for bankruptcy
By Jason Morton Staff Writer A bankruptcy filing has halted any threat of legal action against the operators of a Perry County landfill that has been receiving shipments of toxin-laden coal ash that spilled from a Tennessee power plant in 2008. (Wed, 27 Jan 2010 09:32:33 GMT)
Carlyle’s Willcom to Seek Bankruptcy Protection, Nikkei Reports
Jan. 27 (Bloomberg) -- The Carlyle Group’s Willcom Inc. may file for bankruptcy protection in Japan as early as next month to reorganize debt and revive the company, the Nikkei newspaper reported, without saying where it got the information. (Wed, 27 Jan 2010 05:47:01 GMT)
Pennsylvania Capital Should Weigh Bankruptcy, Controller Says
Jan. 26 (Bloomberg) -- Harrisburg , Pennsylvania , the capital of the sixth-largest U.S. state by population, should skip a $2.2 million debt service payment due Feb. 1 and consider bankruptcy, City Controller Dan Miller said. (Wed, 27 Jan 2010 02:13:27 GMT)
Willcom to Seek Turnaround Via Bankruptcy Filing, Nikkei Says
Jan. 27 (Bloomberg) -- Willcom Inc. will file for bankruptcy protection and restructure under a framework being negotiated with the government-backed Enterprise Turnaround Initiative Corp. and Softbank Corp., Nikkei English News reported, without saying where it got the information. (Tue, 26 Jan 2010 23:18:07 GMT)
Iran's Bank Melli Rejects Rumors of Bankruptcy
The financial manager of Bank Melli Iran (BMI) has refuted the rumors on declaring bankruptcy by the bank, saying BMI is the largest bank in Iran and across the Islamic world, considering its total assets of around $54 billion. -MNA (Tue, 26 Jan 2010 15:56:52 GMT)
McNally Robinson emerges from bankruptcy protection
McNally Robinson Booksellers has emerged from bankruptcy protection and the owner of the company believes there is still a strong future for the industry. (Tue, 26 Jan 2010 15:42:44 GMT)
Bankruptcy, Criminal, and Family Law Attorney Keith Maynard Joins North Florida Law Firm of Wood, Atter & Wolf, P.A.
The North Florida law firm of Wood, Atter & Wolf, P.A., with offices in downtown Jacksonville and Ponte Vedra Beach, has announced the addition of a new associate, Keith Maynard, to the legal team. Maynard will be based in the firm’s downtown Jacksonville, Florida office, and will focus on family law, bankruptcy, criminal law, consumer law, foreclosure defense, and real estate law. (Tue, 26 Jan 2010 13:00:00 GMT)
Ala Moana, Ward mall owners leave bankruptcy
Ala Moana Center and the Ward complex of shopping centers have emerged from bankruptcy. (Tue, 26 Jan 2010 11:37:35 GMT)
Judge approves bankruptcy plan for Fairbanks diocese
A federal judge approved the bankruptcy reorganization plan for the Catholic bishop of Northern Alaska on Monday. (Tue, 26 Jan 2010 08:50:11 GMT)
Taco Del Mar Files For Bankruptcy
Taco Del Mar Franchising has filed for bankruptcy under the protection of Chapter 11 in the United States Bankruptcy Court in Seattle, as it owes creditors between $1m to $10m. The company expects to continue all business operations during the restructuring without interruption. (Tue, 26 Jan 2010 07:52:54 GMT)
School to file for bankruptcy
Hopkinton Independent School, which closed its doors with a day's notice earlier this month, intends to file for Chapter 7 bankruptcy, an attorney retained by the school board said yesterday. (Tue, 26 Jan 2010 06:33:24 GMT)
Bankruptcy judge urges Station Casinos, creditors to negotiate
RENO – After six hours of arguments, a federal bankruptcy judge advised Station Casinos and unsecured creditors to hold negotiations over a $2.3 billion debt, rather than face legal action. (Tue, 26 Jan 2010 05:32:24 GMT)
Fraud, bankruptcy case against Maltese lawyer starts in Italy
David Darmanin Criminal proceedings in Italy started last Friday week against Patrick Spiteri, a former lawyer who stands accused of unlawful practices in the bankruptcy of Idroplax Srl, an Italian plastics manufacturing plant of which he was the administrator. (Mon, 25 Jan 2010 16:10:58 GMT)
Affiliated Media Files for Bankruptcy Protection to Restructure
Affiliated Media Inc., the holding company for Dean Singleton’s MediaNews Group, filed for bankruptcy protection after announcing it obtained approval to restructure from its lenders. (Mon, 25 Jan 2010 15:26:08 GMT)
Employee stock plan to buy Penn Traffic pulled from the bankruptcy court agenda
Syracuse, NY -- It appears that Tops Markets will be the lone, and likely successful, bidder on the assets of bankrupt The Penn Traffic Co. at a hearing in U.S. Bankruptcy Court in Delaware late this morning. (Mon, 25 Jan 2010 14:59:22 GMT)
Bankruptcy court expected to rule on future of Penn Traffic
Penn Traffic's 5,700 workers could learn Monday what will happen to the company. A bankruptcy court is expected to approve a bid to acquire either part or all of P&C... (Mon, 25 Jan 2010 14:41:24 GMT)
Bankruptcy judge could rule on the fate of troubled regional grocer
A bankruptcy judge in Delaware could rule today on Tops Friendly Markets' proposed buyout of Penn Traffic Co.'s 79 supermarkets in the.... (Mon, 25 Jan 2010 14:01:59 GMT)
Philadelphia Orchestra tries to avoid bankruptcy filing, report says
PHILADELPHIA -- The city's orchestra may be the first in the U.S. to seek bankruptcy court protection from creditors, according a report on Philly.com. The report said the Philadelphia Orchestra is trying to raise a $15 million emergency bridge fund... (Mon, 25 Jan 2010 11:56:59 GMT)
Debt-free, Tropicana sees light after bankruptcy
Less than two years after its bankruptcy filing, Tropicana Entertainment’s debt has been wiped clean, and the company’s new owner, billionaire Carl Icahn, is injecting $150 million to pay creditors and upgrade properties. (Mon, 25 Jan 2010 10:02:34 GMT)
Philadelphia Orchestra may declare bankruptcy
PHILADELPHIA — The Philadelphia Orchestra touts a long history of firsts in the classical world, but with plunging attendance and strained finances, officials are confronting the unwelcome possibility of becoming the first of America’s “Big Five” orchestras to declare bankruptcy. (Mon, 25 Jan 2010 06:48:32 GMT)
Bankruptcy filings in the Washington D.C. area
These firms recently filed with the U.S. Bankruptcy Court's local clerk of court offices. (Mon, 25 Jan 2010 05:00:00 GMT)
Descent into Japan Airlines Bankruptcy
With combined liabilities of 2.3 trillion yen, Japan Airlines and two core subsidiaries applied to be placed under court-administered bankruptcy and reorganization on Jan. 19. This is the first installment of a three-part series examining the failure of the national flag carrier. (Mon, 25 Jan 2010 01:17:00 GMT)
Affiliated Media Files for Bankruptcy Protection to Restructure
Affiliated Media Inc., the holding company for Dean Singleton’s MediaNews Group, filed for bankruptcy protection after announcing it obtained approval to restructure from its lenders. (Sun, 24 Jan 2010 16:09:56 GMT)
Descent into Japan Airlines Bankruptcy
With combined liabilities of 2.3 trillion yen, Japan Airlines and two core subsidiaries applied to be placed under court-administered bankruptcy and reorganization on Jan. 19. This is the first installment of a three-part series examining the failure of the national flag carrier. (Sun, 24 Jan 2010 09:02:05 GMT)
Bankruptcy filings up again
Oklahoma bankruptcy filings rose for the fourth straight year in the state's three federal courts, with increases up to 32 percent from last year, according to a review by the Tulsa World. (Sun, 24 Jan 2010 08:41:41 GMT)
MediaNews parent seeks turnaround in bankruptcy
SAN FRANCISCO (AP): Another newspaper publisher desperate to dump debt has filed for bankruptcy protection in hopes of recovering from an advertising meltdown that has obliterated much of the print me... (Sun, 24 Jan 2010 08:03:49 GMT)
Holiday Inn Express files for bankruptcy protection
ELKO — The property group that owns Elko’s Holiday Inn Express filed for Chapter 11 bankruptcy in December but could emerge within the next four months. (Sun, 24 Jan 2010 07:12:36 GMT)
'Bankruptcy' is heard as orchestra struggles
The Philadelphia Orchestra likes to call itself the orchestra of firsts - the first to appear on a national television broadcast, among other firsts. Now leaders are confronting the possibility of a considerably less sweet distinction: The first "Big Five" American orchestra to declare bankruptcy. (Sun, 24 Jan 2010 03:14:00 GMT)
Air America to close, files for bankruptcy
NEW YORK - Air America , a politically liberal talk-radio network, said on Thursday it would cease operations and file for Chapter 7 bankruptcy protection to begin an orderly wind down of its business. (Sun, 24 Jan 2010 01:02:35 GMT)
MediaNews Parent Seeks Turnaround in Bankruptcy
MediaNews parent hopes quick stay in bankruptcy court can spur turnaround MediaNews Group - Services - Newspaper - Law - United States (Sat, 23 Jan 2010 21:40:05 GMT)
MediaNews parent seeks turnaround in bankruptcy
Another newspaper publisher desperate to dump debt has filed for bankruptcy protection in hopes of recovering from an... (Sat, 23 Jan 2010 21:03:58 GMT)
MediaNews parent seeks turnaround in bankruptcy
Another newspaper publisher desperate to dump debt has filed for bankruptcy protection in hopes of recovering from an advertising meltdown that has obliterated much of the print media's revenue. (Sat, 23 Jan 2010 20:45:41 GMT)
Newspaper Group Files for Bankruptcy
USA Today to Post 17% Drop in Circulation (AP) The holding company for newspaper publisher MediaNews Group filed for Chapter 11 bankruptcy protection Friday. Affiliated Media Inc., the privately he... (Sat, 23 Jan 2010 16:56:53 GMT)
Affiliated Media Files for Bankruptcy Protection to Restructure
Affiliated Media Inc., the holding company for Dean Singleton’s MediaNews Group, filed for bankruptcy protection after announcing it obtained approval to restructure from its lenders. (Sat, 23 Jan 2010 14:54:57 GMT)
Taco Del Mar files for bankruptcy
Seattle-based Taco Del Mar said Thursday that it has filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court in Seattle. (Sat, 23 Jan 2010 08:23:33 GMT)
Plan for Greektown bankruptcy approved
A plan approved Friday to lead Greektown Casino out of bankruptcy protection will repay most creditors and strip ownership from the Sault Ste. Marie Tribe of Chippewa Indians. (Sat, 23 Jan 2010 06:09:14 GMT)
Bankruptcy Judge Ready to Approve Bonuses
Delaware bankruptcy ready to approve bonuses for top executives Law - Bankruptcy - Services - Lawyers and Law Firms - Bankruptcy Law (Sat, 23 Jan 2010 00:40:45 GMT)
Bankruptcy judge ready to approve bonuses
A Delaware bankruptcy judge is ready to approve Tribune Co.'s request to pay bonuses of up to $45 million to hundreds of managers, including the media conglomerate's top 10 executives. (Sat, 23 Jan 2010 00:30:16 GMT)
MediaNews owner files prepackaged bankruptcy
The holding company of MediaNews Group, which publishes The Denver Post and The Salt Lake Tribune filed for bankruptcy protection on Friday, saying it has a fast-track plan to cut debt and boost cash flow. (Sat, 23 Jan 2010 00:09:39 GMT)
BlackRock Proposes New Consumer Bankruptcy Option (Update1)
Consumers need a new type of bankruptcy that would better aid homeowners and be fairer for mortgage-bond investors than the existing U.S. loan-modification program, BlackRock Inc. Vice Chairman Barbara Novick said. (Fri, 22 Jan 2010 23:54:35 GMT)
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