Bankruptcy filings fall in August
The number of bankruptcy filings in New Hampshire dropped sharply in August compared to last month and a year earlier. It was second consecutive monthly decrease in what had been an unrelenting four-year climb in bankruptcy filings.There were 421 filings in August, according to unofficial figures, 52 fewer than July and 73 fewer than the previous August. That’s a monthly percentage drop of 11 ... (Thu, 02 Sep 2010 07:05:44 -0700)
Bankruptcy Filings Fell Last Month
Personal bankruptcy filings fell in August, nearly erasing the rise in filings the prior month, a new report shows. (Thu, 02 Sep 2010 05:51:30 -0700)
Bankruptcy filings let up
The number of Hawaii residents filing for bankruptcy protection in August eased slightly from July, but cases remained above the 300 mark for the sixth month in a row. (Thu, 02 Sep 2010 04:31:01 -0700)
Area bankruptcy filings rise in Aug., buck trend
BLADE STAFF Bankruptcy filings across northwest Ohio rose in August, reversing a four-month trend in which the number of cases had been declining from last year. Last month had 785 filings, up 6 percent from the same month last year for the 21 Ohio counties within the U.S. Bankruptcy Court in Toledo. It was the highest number of filings for an August since 2005. Through the first eight months of ... (Wed, 01 Sep 2010 22:47:27 -0700)
Harrisburg Bankruptcy Is ‘Real Option,’ Council Says
Bankruptcy “has become a real option” for Pennsylvania’s capital of Harrisburg, City Council Vice President Patty Kim said. (Wed, 01 Sep 2010 14:12:24 -0700)
U.S. Consumer Bankruptcy Filings Fall 8 Percent in August, Institute Says
U.S. consumer bankruptcy filings fell 8 percent from July to 127,028 in August, the American Bankruptcy Institute reported. (Wed, 01 Sep 2010 14:09:42 -0700)
Visteon cleared to exit bankruptcy
Van Buren Township-based Visteon Corp. has been cleared to exit bankruptcy protection by Oct. 1. After 15 months under bankruptcy protection, Visteon's revised reorganization plan was overwhelmingly supported by creditors and shareholders, and U.S. Bankruptcy Judge Christopher Sontchi signed off on it Tuesday. (Wed, 01 Sep 2010 06:00:03 -0700)
Bankruptcy court OKs Visteon revamp
WILMINGTON, Del.: A federal judge confirmed auto parts supplier Visteon's reorganization plan Tuesday, clearing the way for the company's emergence from bankruptcy. (Tue, 31 Aug 2010 23:38:30 -0700)
Bankruptcy judge blocks California suit against ex-CalPERS official Villalobos
Throwing confusion into California's case against former CalPERS board member Alfred Villalobos, a bankruptcy judge indicated Tuesday he would block the state's lawsuit accusing Villalobos of bribing officials with the pension fund. (Tue, 31 Aug 2010 21:53:58 -0700)
Bankruptcy plan OKed for Station
RENO, Nev. (AP) - A Reno bankruptcy judge has approved a Station Casinos Inc. reorganization plan for creditors to take an ownership stake in some properties and buy others through an auction. (Tue, 31 Aug 2010 21:38:08 -0700)
Bankruptcy judge overrules 2nd bid for Bear Island Paper Co.
A bankruptcy court auction of the assets of Bear Island Paper Co. LLC is moving ahead with the company's original stalking-horse bidder agreement in place. U.S. Bankruptcy Judge Kevin R. Huennekens yesterday overruled an objection filed by another investment group that said it would offer more cash for the company. ... (Tue, 31 Aug 2010 21:30:45 -0700)
Villalobos bankruptcy judge is skeptical that state's suit won't get in the way
Judge John Peterson notes that California can't get restitution from former CalPERS official Alfred Villalobos, whom it accuses of influence-peddling, without the Bankruptcy Court's permission. A U.S. Bankruptcy Court judge was skeptical of the California attorney general's efforts Tuesday to keep on track a civil fraud lawsuit against Alfred J.R. Villalobos, a key go-between in arranging ... (Tue, 31 Aug 2010 19:20:07 -0700)
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. (Tue, 31 Aug 2010 14:02:42 -0700)
Consumer Bankruptcy Costs Climb Sharply
People filing for Chapter 7 and Chapter 13 consumer bankruptcy protection are facing as much as a 55 percent cost increase as one result of the 2005 comprehensive bankruptcy reforms, according to a new study. (Tue, 31 Aug 2010 13:15:07 -0700)
Bankruptcy court approves reorganization plan for Visteon Corp.
The reorganization plan for Van Buren Township-based Visteon Corp. was approved today in U.S. Bankruptcy Court in Wilmington, Del. (Tue, 31 Aug 2010 12:20:30 -0700)
Bankruptcy Court OKs Visteon
A federal judge has confirmed auto parts supplier Visteon's reorganization plan, clearing the way for the company's emergence from bankruptcy. (Tue, 31 Aug 2010 11:59:35 -0700)
Visteon Retiree Accord Eases Path to Bankruptcy Exit
Visteon Corp. settled a dispute with its retirees, removing the last major opponent to the auto-parts makers plan to cut $2 billion in debt and exit bankruptcy under the control of its bondholders, a company attorney said today. (Tue, 31 Aug 2010 08:24:50 -0700)
JAL submits plan to emerge from bankruptcy
NEW YORK (MarketWatch) -- Japan Airlines Corp. on Tuesday submitted a bankruptcy-emergence plan to a Tokyo court, according to The Wall Street Journal. The carrier plans to refinance its current debt of about 300 billion yen by the end of March, cut its workforce by about 16,000 to around 32,600 and scrap 49 unprofitable routes, the newspaper said. Elsewhere, Reuters reported JAL will retire 103 ... (Tue, 31 Aug 2010 05:13:52 -0700)
5 ways to rebuild credit after bankruptcy
Dear Bankruptcy Adviser, What is the best way to start to rebuild your credit after a bankruptcy? No one will give you credit because of bankruptcy. -- Phil (Tue, 31 Aug 2010 04:26:17 -0700)
Failure to Notify Bankruptcy Court of Discrimination Suit Knocks Out Damages
In a novel approach to judicial estoppel, a federal judge has ruled that a plaintiff in a pregnancy discrimination suit who failed to inform the bankruptcy court of her pending discrimination claims must be barred from seeking any compensatory damages in that case, but should still be allowed to pursue declaratory and injunctive relief. The judge found that complete dismissal would be "a drastic ... (Mon, 30 Aug 2010 21:22:33 -0700)
Kids Voting files for bankruptcy
The region’s chapter of Kids Voting filed for Chapter 7 bankruptcy protection on Friday, Aug. 27, in U.S. Bankruptcy Court.The nonprofit, nonpartisan election education program for school-aged children closed Nov. 6 because of financial difficulties. (Mon, 30 Aug 2010 19:01:25 -0700)
Blockbuster Bankruptcy?
Reports are out that the movie rental company will file for bankruptcy next month. (Mon, 30 Aug 2010 16:00:21 -0700)
Riviera bankruptcy plan includes new equipment, improvements
The Riviera Las Vegas hotel-casino would be spruced up and receive new gaming equipment under its parent company's bankruptcy reorganization plan. Unable to service its approximately $291 million in debt and liabilities, Riviera Holdings Corp. filed for Chapter 11 reorganization in Las Vegas on July 12. (Mon, 30 Aug 2010 10:59:25 -0700)
Crowne Plaza Lead Investor: Bankruptcy Filing Was Measure To Protect Mortgage; Hotel Is Strong
The owners of the Crowne Plaza hotel filed for bankruptcy protection as an emergency measure to prevent a "hostile takeover" of the delinquent mortgage, and intend to remain open, the lead investor said. (Mon, 30 Aug 2010 09:57:44 -0700)
Blockbuster Set to File for Bankruptcy Protection in September
Dallas-based Blockbuster Inc. is most likely planning to file for bankruptcy in September, according to The Dallas Morning News. (Mon, 30 Aug 2010 08:21:45 -0700)
'Pie' boss files for bankruptcy
American Pie producer Warren Zide has filed for bankruptcy after he was hit with a tax demand for more than $500,000. (Mon, 30 Aug 2010 07:41:15 -0700)
Tronox, Creditors Agree on Framework for Chemical Maker's Bankruptcy Exit
Tronox Inc. said it reached agreement with creditors on the framework for an amended plan that will allow the company to emerge from Chapter 11 bankruptcy in the coming months. (Mon, 30 Aug 2010 06:39:45 -0700)
Kids Voting chapter files for bankruptcy protection
DAYTON — The region’s chapter of Kids Voting filed for Chapter 7 bankruptcy protection on Friday, Aug. 27, in U.S. Bankruptcy Court.The nonprofit, nonpartisan election education program for school-aged children closed its doors Nov. 6 due to financial difficulties. (Mon, 30 Aug 2010 05:53:24 -0700)
Blockbuster appears poised for mid-September bankruptcy filing
Getty ImagesThe Dallas-based company has been warning for almost two years that it might need bankruptcy court protection to reorganize its nearly $1 billion in debt, as it struggles with dwindling cash and a shrinking business hurt by competition and its own store closings. (Mon, 30 Aug 2010 05:46:05 -0700)
American Pie - American Pie Producer Files For Bankruptcy
AMERICAN PIE producer WARREN ZIDE has filed for bankruptcy after he was hit with a tax demand for more than $500,000 (333,000).A $518,630 (345,753) lien was filed... (Sun, 29 Aug 2010 17:57:24 -0700)
Passengers scramble for flights after bankruptcy grounds Mexican airline
Bankruptcy has grounded Mexico's largest airline, affecting travelers at Dallas Fort Worth International Airport. Mexicana Airlines quit flying at noon Saturday. The impact is being felt across the country, including in North Texas, where the carrier flew to Mexico City twice, daily. Passengers are scrambling to find new flights. Ernesto Oliva's flight doesn't leave until Sunday but he's at D/FW ... (Sat, 28 Aug 2010 16:22:53 -0700)
Bankruptcy Action Can Be 'Commenced' Despite Failure to Meet Law's Requirements, 2nd Circuit Says
A bankruptcy action can be considered "commenced" even when a debtor has failed to meet a requirement imposed by Congress that he first receive credit counseling, the 2nd U.S. Circuit Court of Appeals has ruled. Interpreting a "statutory tangle" of bankruptcy provisions, the circuit said the counseling requirement under 11 U.S.C. §109(h) is not jurisdictional in nature and a case can still be ... (Fri, 27 Aug 2010 20:37:25 -0700)
Station casinos bankruptcy exit plan approved
Station casinos bankruptcy exit plan approved Bloomberg News Updated Aug 27, 2010 09:26PM MDT Station Casinos Inc., the biggest U.S. gambling company in bankruptcy, has won court permission for its plan to exit bankruptcy by selling most of its casinos to a group led by Chairman Frank Fertitta. Before the firm can close the sales and exit bankruptcy, it must win approval from Nevada gambling ... (Fri, 27 Aug 2010 19:21:52 -0700)
Bankruptcy judge approves Station Casinos reorganization plan, wipes $4B debt off books
RENO, Nev. - A Reno bankruptcy judge has approved a Station Casinos Inc. reorganization plan for creditors to take an ownership stake in some properties and buy others through an auction. (Fri, 27 Aug 2010 14:55:04 -0700)
Bankruptcy judge approves Station Casinos reorganization plan
A federal bankruptcy judge in Reno confirmed Station Casinos' plan of reorganization Friday after 90 percent of the company's secured and unsecured creditors signed off on the deal, which will wipe some $4 billion in debt from the company's books. (Fri, 27 Aug 2010 12:53:28 -0700)
Is Blockbuster poised to declare bankruptcy?
Rumors of imminent bankruptcy have been dogging the financially struggling Blockbuster video rental chain for years, and a recent report claims that Blockbuster will finally file for Chapter 11 bankruptcy protection as early as next month. But while the easy-to-hate Blockbuster may be down, it’s probably not out—and that’s a good thing for us movie-loving consumers. (Fri, 27 Aug 2010 12:04:34 -0700)
Spheris Wins Bankruptcy Court Approval of Plan Paying Creditors From Sale
Spheris Inc., a medical transcription company, won Bankruptcy Court approval of its plan of liquidation paying its creditors from the proceeds of selling its assets. (Fri, 27 Aug 2010 09:24:42 -0700)
Bankruptcy won't impact call center
Workers at the Oriental Trading Company call center in Fremontwill not be affected by the company's Chapter 11 bankruptcy filing,a company spokesman said Thursday. (Fri, 27 Aug 2010 08:41:24 -0700)
National Commercial Auctioneers to Hold Bankruptcy Auction for 9 Oil Lease Packages covering 1,560 acres in Oklahoma
National Commercial Auctioneers [www.natcomauctions.com ] announces the bankruptcy auction of nine oil lease packages in Okmulgee, Okla., on September 30, according to Stephen Karbelk, CAI, AARE, Broker. (Fri, 27 Aug 2010 07:36:00 -0700)
Blockbuster Bankruptcy Weeks Away?
Blockbuster may enter into a preplanned bankruptcy as soon as mid-September, according to reports. (Fri, 27 Aug 2010 07:28:27 -0700)
Blockbuster prepares bankruptcy filing
Video rental giant Blockbuster is planning to file for Chapter 11 bankruptcy in mid-September to restructure its nearly $1 billion in debt and escape leases on several hundred stores. (Fri, 27 Aug 2010 04:37:19 -0700)
Closet company emerges from bankruptcy
Federal bankruptcy court in Los Angeles has dismissed the reorganization filing of Home Organizers Inc., in Whittier, parent company of Closet World Inc. and Closets by Design Inc. The bankruptcy was filed in April in a dispute with the company's... (Fri, 27 Aug 2010 03:59:44 -0700)
Blockbuster Said Set for Bankruptcy Next Month
Blockbuster , the movie rental chain, is said to be readying a bankruptcy filing for mid-September, The Los Angeles Times reported on Thursday citing people briefed on the matter. (Fri, 27 Aug 2010 03:42:47 -0700)
Blockbuster Preparing for Bankruptcy?
Former video rental giant Blockbuster may be getting close to filing for bankruptcy as a way to escape a mammoth debt burden of over $1 billion. According to reports in the Los Angeles Times and elsewhere, Blockbuster representatives have been meeting with major movie studios to outline their plans for a bankruptcy filing that would see the company shuttering as many as 500 of its nearly 3,500 ... (Fri, 27 Aug 2010 03:38:22 -0700)
Airline in bankruptcy protection
The Irish regional airline, Aer Arran, enters a bankruptcy protection process after suffering 18m euro losses since 2008. (Fri, 27 Aug 2010 01:27:22 -0700)
Officials: Harrisburg on fast track to bankruptcy
Bankruptcy is beginning to look like a more attractive option for Harrisburg. The cash-strapped city is edging closer and closer to Chapter 9 each day it does not have a recovery plan, top city officials said. (Thu, 26 Aug 2010 21:03:46 -0700)
Bankruptcy trustee takes over Meridian founder's companies
A court-appointed bankruptcy trustee this week assumed control of 14 businesses owned by Meridian Group founder Darren Berg, who filed for... (Thu, 26 Aug 2010 18:03:30 -0700)
Blockbuster to file bankruptcy in September
Blockbuster Inc. will file bankruptcy next month, people familiar with the matter have told the Los Angeles Times. Blockbuster - Los Angeles Times - Netflix - United States - Bankruptcy (Thu, 26 Aug 2010 16:43:03 -0700)
Celebrity Bankruptcy No. 1
Mike Tyson earned around $300 million during his career but filed for bankruptcy in 2003 due to more than $27 million in debts. Tyson told the ladies on "The View" earlier this year, "I'm totally destitute and broke." When asked how it happened, he simply said, "I had a lot of fun. (Thu, 26 Aug 2010 05:26:38 -0700)
Gov't to set up "bankruptcy committee" for BKV
The government decided to set up a "bankruptcy committee" in order to settle the finances of the Budapest transport company BKV, the National Economy Ministry told MTI on Thursday. (Thu, 26 Aug 2010 02:18:55 -0700)
Municipal bankruptcy legislation resurrected
Just days before the end of the legislative session, a controversial measure to restrict municipal and special district Chapter 9 bankruptcy filings has been revived.The oft-modified Assembly Bill 155, authored by state Rep. Tony Mendoza, D-Norwalk, has been pulled from the (Thu, 26 Aug 2010 01:24:05 -0700)
Businessmans Visit to Inquirer Upsets Bankruptcy Judge
The bankruptcy judge overseeing the Chapter 11 case of the Philadelphia Inquirer and Daily News after a lengthy court fight with previous publisher Brian Tierney was annoyed to learn that an investor with ties to Tierney paid a visit to workers this week. (see previous story) KYWs Steve Tawa reports Judge Stephen Raslavitch hauled participants [...] (Wed, 25 Aug 2010 16:31:03 -0700)
AbitibiBowater gets bankruptcy court OK for financing
A U.S. bankruptcy court approved a US$1.35-billion financing plan that will allow the worlds largest newsprint market AbitibiBowater Inc to exit bankruptcy, according to court documents filed on Tuesday (Wed, 25 Aug 2010 13:47:20 -0700)
Tribune Co. says bankruptcy negotiations have failed
The Tribune Co.'s plan to emerge from bankruptcy has unraveled in the wake of an independent report concluding that talks leading up to the company's 2007 leveraged buyout bordered on fraud, attorneys said Friday. The report released last month by a court-appointed examiner forced Tribune and its creditors to rethink a settlement agreement that formed the basis of its reorganization plan. (Wed, 25 Aug 2010 11:49:53 -0700)
States Industries files for bankruptcy, plans sale of company
States Industries filed for the protection of the bankruptcy court on Tuesday as its owners position the wood products company for sale. The 43-year-old Eugene company, which had about 300 employees in late May, makes decorative hardwood panels for use in cabinets, furniture and other products. States Industries listed assets (Tue, 24 Aug 2010 21:21:06 -0700)
Md. bankruptcy cases rise by nearly 36 percent in past year
More than 29,000 bankruptcy cases filed in Maryland in a year Bankruptcy filings jumped nearly 36 percent in Maryland in the past year, continuing a recession-era trend of double-digit growth in cases, a federal courts report shows. (Tue, 24 Aug 2010 20:49:47 -0700)
Fulton Homes bankruptcy not a quick fix
Participants in the Fulton Homes Corp. bankruptcy case will meet Thursday for their fourth attempt at negotiating a reorganization plan that would allow the Tempe-based homebuilder to emerge from Chapter 11 reorganization. (Tue, 24 Aug 2010 19:24:39 -0700)
Bankruptcy filings highest since 2005
DRAPER If there's one thing bankruptcy attorney Adam Brown sees in his work, it is a wide spectrum of clients. (Tue, 24 Aug 2010 18:47:07 -0700)
Ore. man pleads bankruptcy fraud, hiding gold
An Oregon man has pleaded guilty to bankruptcy fraud, including concealment of gold, silver and ownership of a vintage pickup truck. (Tue, 24 Aug 2010 13:11:54 -0700)
Md. bankruptcy cases rise by nearly 36 percent in past year
More than 29,000 bankruptcy cases filed in Maryland in a year Bankruptcy filings jumped nearly 36 percent in Maryland in the past year, continuing a recession-era trend of double-digit growth in cases, a federal courts report shows. (Tue, 24 Aug 2010 05:45:47 -0700)
Is bankruptcy the only way to keep home?
Dear Bankruptcy Adviser, I have fallen behind on my mortgage due to waiting on a loan modification . I had to pay the bank upfront fees and make a modified loan payment for the lender to work on the modification and then find out I wasn't approved after several months of making payments. (Tue, 24 Aug 2010 04:56:07 -0700)
Democrat's bankruptcy becomes issue in High Desert Assembly race
The odds against a Democrat winning an Assembly seat in the High Desert probably lengthened late last week with a conservative blogger's revelation that Palmdale Democrat Linda Jones declared bankruptcy early this year. (Mon, 23 Aug 2010 21:43:42 -0700)
Bankruptcy Soars
BALTIMORE (AP) - Statistics from the Administrative Office of the U.S. Courts show that bankruptcy filings in Maryland went up nearly 36 percent in... Visit WMDT.com for the full story (Mon, 23 Aug 2010 20:11:04 -0700)
Innkeepers Shareholders Ask Bankruptcy Judge to Deny Loan for Operations
Innkeepers USA Trusts shareholders asked a bankruptcy judge to deny the company a loan to finance operations in bankruptcy and a planned support agreement, saying the deals benefit Apollo Investment Corp. (Mon, 23 Aug 2010 14:25:04 -0700)
Court filing: Insiders' group can't close bankruptcy purchase of Ohio-based newspaper chain
CINCINNATI - An insiders group cannot complete its bankruptcy auction purchase of the Ohio-based newspaper chain Brown Publishing Co. because the group's lender withdrew, the company said in a court filing. (Mon, 23 Aug 2010 12:55:24 -0700)
National Envelope Wins Bankruptcy Court Approval to Sell Assets to Gores
U.S. Bankruptcy Judge Peter J. Walsh said he will give NEC approval to sell its assets after holding a 15-hour auction to determine the best offer, at a hearing today in Wilmington, Delaware. (Mon, 23 Aug 2010 10:09:42 -0700)
Sicel fighting against bankruptcy
Sicel Technologies is battling an attempt by creditors to push it into involuntary bankruptcy at a court hearing this afternoon. (Mon, 23 Aug 2010 08:04:42 -0700)
Bankruptcy looms unless City Council acts soon, interim city manager says
Interim City Manager Warren Renando says bankruptcy is looming for the city of Jackson unless City Council acts soon to avert it.Renando told City Council this week that if present trends continue and the city keeps spending more money than... (Mon, 23 Aug 2010 03:09:47 -0700)
Firms that recently filed for bankruptcy
These firms recently filed with the U.S. Bankruptcy Court's local clerk of court offices. Bankruptcy - Law - United States - Services - Lawyers and Law Firms (Sun, 22 Aug 2010 21:00:00 -0700)
SC's Park Seed to be sold at bankruptcy hearing
A federal bankruptcy judge will decide who gets to buy South Carolina's venerable Park Seed Co. and what will happen to its more than 300 employees in Greenwood. (Sun, 22 Aug 2010 09:34:51 -0700)
Park Seed to be sold at bankruptcy hearing
A bankruptcy trustee who has been running the company since April has recommended the judge accept the bid of Blackstreet Capital that would provide $8.5 million to pay off the companys debts. (Sun, 22 Aug 2010 06:42:18 -0700)
Bankruptcy means 300 jobs gone
Professional Veterinary Products, an Omaha-based firm that has struggled to pay down $25 million in debt, reported Friday that it had filed for bankruptcy and notified employees that their jobs would be eliminated Oct. 11. (Sun, 22 Aug 2010 02:39:32 -0700)
Bankruptcy filings rebound
Long-term unemployment and small-business failures continue to propel personal bankruptcy filings, with Tennessee in step with a national trend that shows the number of cases spiking in July for the first time after declining for three months. (Sun, 22 Aug 2010 00:28:50 -0700)
US bankruptcy filings touch 4-yr high at 1.57 mn
US bankruptcy filings touch 4-yr high at 1.57 mnUS bankruptcy filings touch 4-yr high at 1.57 mn (Sat, 21 Aug 2010 22:29:47 -0700)
Bankruptcy means 300 jobs gone
Professional Veterinary Products, an Omaha-based firm that has struggled to pay down $25 million in debt, reported Friday that it had filed for bankruptcy and notified employees that their jobs would be eliminated Oct. 11. (Sat, 21 Aug 2010 01:10:02 -0700)
Tribune bankruptcy talks break down as key players flee
Kevin Roderick: Sam Zell's plan to emerge from bankruptcy "has unraveled in the wake of an independent report concluding that talks leading up to the company's 2007 leveraged buyout bordered on fraud," the Chicago Sun-Times reports today. (Fri, 20 Aug 2010 12:45:03 -0700)
Tribunes Bankruptcy Plan Falls Apart
The Tribune Company s plan to emerge from bankruptcy unraveled Friday in the wake of an independent report concluding that talks leading up to the companys 2007 leveraged buyout bordered on fraud, The Associated Press reports . The report released last month by a court-appointed examiner forced Tribune and its creditors to rethink a settlement agreement that formed the basis of its ... (Fri, 20 Aug 2010 12:12:37 -0700)
Tribune bankruptcy unravels as talks fail
Tribune bankruptcy unravels as talks fail (Fri, 20 Aug 2010 10:57:09 -0700)
Tribune bankruptcy plan dissolves after negotiations with creditors fail
WILMINGTON, Del. - The Tribune Co.'s plan to emerge from bankruptcy has blown up after the failure of negotiations with creditors on a consensual reorganization plan. (Fri, 20 Aug 2010 10:18:00 -0700)
Tribune Bankruptcy Plan Forced Back To Square One
The dispute among The Tribune Company and its various lenders over its plan to emerge from bankruptcy has reached an impasse and the newspaper publisher will have to come up with a new proposal. (Fri, 20 Aug 2010 10:02:03 -0700)
Can You Buy Your Leased Car in Bankruptcy?
Buying a leased car in bankruptcy won't be a problem, but finding a car loan to finance it could be. (Fri, 20 Aug 2010 06:20:43 -0700)
Ga. Bankruptcy Rate Third-Highest In U.S.
The personal bankruptcy rate among Georgians reached the third-highest in the nation last fiscal year. Nearly 8 out every 1,000 Georgians filed for bankruptcy in the fiscal year that ended June 30th. The numbers are from the Adminstrative Office of the U.S. Courts. Nevada topped the nation with... (Thu, 19 Aug 2010 14:38:18 -0700)
Bankruptcy filings at 5-year high
Bankruptcy filings nationwide reached their highest level in five years between April and June, up 11 percent from the same period in 2009, government data showed Wednesday.There were 422,061 bankruptcy filings in that period of this year, compared with 381,073 in that period of 2009 and 388,148 between January and March of this year.The quarterly filings exceeded 400,000 for the first time ... (Thu, 19 Aug 2010 07:19:01 -0700)
A year after bankruptcy, GM plans stock sale
Thirteen months ago, General Motors was fighting for its life in bankruptcy court. Now, the automaker is laying the groundwork to sell stock to the public once again with the eventual goal of ridding itself of government ownership. (Thu, 19 Aug 2010 05:48:20 -0700)
Bankruptcy list
iled in U.S. Bankruptcy Court, Pittsburgh. (Wed, 18 Aug 2010 20:13:24 -0700)
Bankruptcy judge approves Sumner Regional's sale to LifePoint
A Nashville bankruptcy judge this week approved a settlement agreement that allows for the sale of Sumner Regional Health Systems to Brentwood-based LifePoint Hospitals Inc. to go forward. (Wed, 18 Aug 2010 13:57:27 -0700)
Bankruptcy judge approves sale of Los Abrigados parent corporation ILX
Diamond Resorts Corp. has moved one step closer to owning bankrupt ILX Resorts and its Los Abrigados Resort Spa in Sedona. U.S. Bankruptcy Judge Redfield T. Baum Sr. issued a ruling July 23 approving the sale of ILX Resorts, which filed for Chapter 11 under the U.S. Bankruptcy Code on March 2, 2009. According to court documents, the official purchaser is ILX Acquisitions Inc., a holding company ... (Wed, 18 Aug 2010 12:09:25 -0700)
Bankruptcy filings soar 20 percent
WASHINGTON, Aug. 18 (UPI) -- The stark reality of the economic downturn is reflected in court statistics showing U.S. bankruptcy filings rose 20 percent from June 2009 to June 2010. United States - Bankruptcy - Law - Services - Lawyers and Law Firms (Wed, 18 Aug 2010 08:21:06 -0700)
Highland Hospitality Said to Mull Bankruptcy
JER Partners , the private equity firm, is exploring a possible bankruptcy filing for the debt-ridden Highland Hospitality after the hotel owner failed to repay about $868 million in debt due earlier this month, The Wall Street Journal said. (Tue, 17 Aug 2010 23:27:37 -0700)
Bankruptcy filings at highest point since 2005
Bankruptcy filings have reached the highest level since 2005, data released Tuesday show, as the economy slows and the unemployment rate hovers just below double digits. Bankruptcy - United States - Law - Unemployment - Services (Tue, 17 Aug 2010 16:58:03 -0700)
Bankruptcy Filings Still Increasing
The latest bankruptcy numbers are just another sign of tough times and the toll the recession is taking on people and businesses. (Tue, 17 Aug 2010 16:26:25 -0700)
Bankruptcy Filings Jump 20 Percent
Bankruptcy filings rose 20 percent in the 12-month period ending June 30, 2010, the highest number of bankruptcy filings for any period since many of the provisions of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 took effect. (Tue, 17 Aug 2010 16:00:07 -0700)
Bankruptcy judge gives Tribune more time
The judge in Tribune Co.s bankruptcy case suspended a Friday voting deadline on the companys proposed reorganization plan, responding to a request for more time from Tribune Co. lawyers. (Tue, 17 Aug 2010 15:55:27 -0700)
New bankruptcy statistics suggest many Memphis debtors can't manage repayment plans
"People are just frustrated to the point of giving up," says bankruptcy lawyer Jimmy McElroy. (Tue, 17 Aug 2010 11:54:00 -0700)
Bankruptcy judge: Visteon must restore benefits to retirees, but method, timetable, unclear
WILMINGTON, Del. - A Delaware bankruptcy judge told auto parts supplier Visteon Corp. on Tuesday that it must restore health and life insurance benefits for more than 6,500 retirees. (Tue, 17 Aug 2010 10:42:00 -0700)
Visteon Ordered by Bankruptcy Judge to Reinstate Retiree Health Benefits
A judge ordered Visteon Corp. to reinstate health benefits to thousands of retirees who lost insurance coverage after the auto-parts maker filed bankruptcy. (Tue, 17 Aug 2010 08:24:42 -0700)
Mine bankruptcy 'aftershock' hits local companies
Like the aftershocks following an earthquake, repercussions of a 2008 Emery County mine bankruptcy are sending financial tremors through scores of Castle Country businesses. (Tue, 17 Aug 2010 07:54:31 -0700)
FairPoint Communications Files Motion Seeking U.S. Bankruptcy Court Approval of Paul H. Sunu as New CEO
CHARLOTTE, N.C., Aug. 16 -- In a motion filed today in U.S. Bankruptcy Court for the southern distri... (Tue, 17 Aug 2010 04:37:51 -0700)
Bankruptcy judge says some sex abuse suits can move forward
A U.S. Bankruptcy Court judge Friday allowed several lawsuits against parishes in the Catholic Diocese of Wilmington to move forward. The decision came after a dramatic day of testimony from individuals who told chilling stories of abuse by clergy. (Tue, 17 Aug 2010 03:20:29 -0700)
Reaffirm car loan after bankruptcy?
Agreeing to pay a loan after it's cleared by bankruptcy is only beneficial in a few instances. (Tue, 17 Aug 2010 03:00:00 -0700)
Tribune Co. asks bankruptcy judge for more time
Tribune Co., citing "vigorous negotiations" toward a new settlement with its creditors, asked the judge in its bankruptcy case for more time to work out a reorganization plan that "would maximize consensus" around a deal. The move comes as the various bickering parties in the case realign their positions based on the findings of an independent examiner who reviewed claims surrounding the Chicago ... (Mon, 16 Aug 2010 13:52:49 -0700)
Tribune asks bankruptcy judge for more time
Tribune attorneys ask judge to extend bankruptcy deadlines amid negotiations with creditors (Mon, 16 Aug 2010 10:38:35 -0700)
Bankruptcy judge gives Tribune more time
A Delaware judge has agreed to again extend deadlines in the Tribune Co.'s bankruptcy as the company continues negotiating with creditors. The judge moved several deadlines in the case earlier this month to give parties time to respond to an independent... Tribune Company - Delaware - Chapter 11 Title 11 United States Code - Bankruptcy - Creditor (Mon, 16 Aug 2010 10:20:37 -0700)
Tribune Asks Bankruptcy Judge for More Time
Tribune attorneys ask judge to extend bankruptcy deadlines amid negotiations with creditors Bankruptcy - Law - Services - Lawyers and Law Firms - Bankruptcy Law (Mon, 16 Aug 2010 10:13:47 -0700)
Del. diocese bankruptcy judge OKs victim trials
The judge in the Catholic Diocese of Wilmington's bankruptcy case has ruled that lawsuits against several of its parishes by alleged victims of priest sex abuse can go to trial later this year. (Sun, 15 Aug 2010 22:11:24 -0700)
Bankruptcy judge permits trials of abuse suits against parishes
WILMINGTON, Del. The judge presiding over the Catholic Diocese of Wilmingtons bankruptcy case ruled Friday that lawsuits against several of its parishes filed by alleged victims of priest sex abuse can go to trial later this year. Judge Christopher Sontchi denied the dioceses request to extend a stay in the bankruptcy case to non-debtor [...] (Sun, 15 Aug 2010 16:41:14 -0700)
Caribbean Petroleum files for bankruptcy
Caribbean Petroleum Corp (Capeco) filed for bankruptcy protection in a Delaware court late on Thursday, nearly ten months after a massive explosion at its major Puerto Rican fuel storage depot virtually shut down the company's operations. (Fri, 13 Aug 2010 04:52:01 -0700)
Caribbean Petroleum Seeks Bankruptcy Protection, Citing $500 Million Debt
Caribbean Petroleum Corp., operator of the only privately owned deep-water dock in San Juan Harbor, Puerto Rico, sought bankruptcy protection after having been ordered by the U.S. government to clean up environmental hazards stemming from an explosion that damaged petroleum storage tanks. (Thu, 12 Aug 2010 23:11:59 -0700)
MBIA-Vallejo, Innkeepers, UniCredit, General Growth, Chemtura: Bankruptcy
MBIA Inc. s municipal-bond insurance unit is asking a bankruptcy court judge to order Vallejo, California, to make good on promises to pay investors in case of default by using money from vehicle registrations. (Thu, 12 Aug 2010 21:44:45 -0700)
Abolish Bankruptcy Laws
By GREKO MAXIMUS Neither a Lender nor a Borrower be It is interesting to note that the government wants to do something regarding our bankruptcy regulations. But from media statements, the bills are completely useless unless the other culprits the bankers are also equally held responsible. Dont forget, it was clowns like Freddie Mac and Fannie Mae who started the economic disaster of ... (Thu, 12 Aug 2010 19:58:08 -0700)
Louisville businessman has assets frozen by bankruptcy judge
A federal bankruptcy judge has frozen assets in two roofing companies linked to Louisville businessman Randall Waldman after allegations that he fraudulently transferred them to his ex-wife to hide assets from his creditors. (Thu, 12 Aug 2010 14:50:07 -0700)
Sea Island Seeks Federal Bankruptcy Protection
Sea Island, an exclusive resort off the coast of Georgia, has declared bankruptcy. The luxury resort is selling for a song, and reflects banks increasing willingness to do anything to get rid of bad assets. Sea Island was the site of the G-8 summit in 2004. (Thu, 12 Aug 2010 03:12:22 -0700)
Shinn hired as bankruptcy attorney in Tuckerton
TUCKERTON The Borough Council has appointed Robert Shinn as bankruptcy counsel to represent the borough in federal court in the pursuit of taxes in bankruptcy cases. (Thu, 12 Aug 2010 02:50:58 -0700)
Judge reviews bankruptcy blocking Family Court project
A bankruptcy judge took the first steps Wednesday to sort out the legal mess now blocking construction of a $200 million Family Court building in Center City. (Thu, 12 Aug 2010 00:49:17 -0700)
Bankruptcy list
Filed in U.S. Bankruptcy Court, Pittsburgh. (Wed, 11 Aug 2010 15:55:48 -0700)
Alfa Pushes Bankruptcy
Alfa Bank is seeking bankruptcy for a pulp and paper mill 25 percent owned by billionaire Oleg Deripaska, rejecting a proposal by the plants management to turn the business around. (Wed, 11 Aug 2010 13:56:53 -0700)
Ariff bankruptcy probe turns to family property deal
A PUBLIC examination into the bankruptcy of the banned liquidator Stuart Ariff descended into a long legal brawl yesterday as the barrister representing Mr Ariff's sister Yazni Ariff tried to prevent questions she said could expose her client to a criminal investigation. (Wed, 11 Aug 2010 10:21:11 -0700)
Sea Island Co. files for bankruptcy protection
Sea Island Co. is seeking federal bankruptcy protection and says it plans emerge from Chapter 11 by selling its coastal Georgia resorts, golf courses and private clubs for $197.5 million. (Wed, 11 Aug 2010 08:34:43 -0700)
WaMu denied in bankruptcy court
A Delaware bankruptcy judge on Tuesday rejected Washington Mutual's attempt to get personal financial information from shareholders who are demanding an annual company meeting. (Wed, 11 Aug 2010 00:17:25 -0700)
Bankruptcy is a Way to Deal with Unsecured Debts that you Cannot Pay
Bankruptcy is one way for you to deal with unsecured debts that you cannot pay. The idea is that it will allow you to make a fresh start and any assets you do have will be shared out among your creditors fairly. Upon being made bankrupt there are a number of restrictions placed on you for the period you are bankrupt. In this article, Gordon Goldie of Tait Walker sets out some basic information ... (Wed, 11 Aug 2010 00:00:00 -0700)
Bankruptcy Judge Denies WaMu's Attempt to Get Shareholder Data
A Delaware bankruptcy judge has rejected Washington Mutual's attempt to get personal financial information from shareholders who are demanding an annual company meeting. Members of the shareholders committee are hoping to elect new board members, alleging that the current WaMu board is resisting the election of new directors who would protect shareholder interests in the company's reorganization ... (Tue, 10 Aug 2010 20:07:53 -0700)
WaMu Bankruptcy Examiner Wins Judge's Approval of Scope for Investigation
The examiner for Washington Mutual Inc.s bankruptcy case won a judges approval for the scope of his investigation, with plans to file a preliminary report by Sept. 7. (Tue, 10 Aug 2010 12:54:44 -0700)
CHS Declared Winner in Bankruptcy Court
A federal bankruptcy judge Tuesday approved the sale of Forum Health to Community Health Systems. During the hearing Judge Kay Woods ruled that the Tennessee-based health care system had the "highest and best" bid for Forum. The failing health care system filed for bankruptcy in March 2009. (Tue, 10 Aug 2010 11:10:33 -0700)
Ambac Financial in Bankruptcy Talks; Shares Plunge
Ambac Financial Group aims for prepackaged bankruptcy deal; 2Q loss narrows but shares drop Ambac Financial Group - Bankruptcy - Law - Services - Lawyers and Law Firms (Tue, 10 Aug 2010 09:43:51 -0700)
Thee Options When Sinking Into Bankruptcy
Using payday loans to avoid bankruptcy is just a finger in the dam. Here are other options. (Tue, 10 Aug 2010 08:33:32 -0700)
Trump Entertainment, Post-Bankruptcy, May Seek Partner for Plaza Upgrade
Trump Entertainment Resorts Inc. , the Atlantic City casino company that emerged from bankruptcy last month, said it may seek a hotel partner to renovate the Trump Plaza Hotel & Casino. (Tue, 10 Aug 2010 07:53:20 -0700)
July bankruptcy numbers fall from '09
Bankruptcy filings in New Hampshire actually fell in July compared to the previous year -- the first time this has happened in the state since the fall of 2006, when the law changed to make filings more difficult.There were 473 filings in July, according to unofficial figures, 40 more than June, but 21 less than the previous July. Bankruptcy filings have been steadily climbing since October 2005 ... (Tue, 10 Aug 2010 05:46:26 -0700)
No ruling yet in Bashas' bankruptcy case in Ariz.
A Tucson bankruptcy court judge says he'll rule within the next week or so on a plan by Arizona grocer Bashas' Inc. to emerge from bankruptcy protection. (Tue, 10 Aug 2010 05:24:41 -0700)
Ailing studio MGM facing bankruptcy next month
Things are going so badly with MGM's restructuring review that a forced bankruptcy is a real possibility by September 15. (Mon, 09 Aug 2010 23:33:05 -0700)
US judge says he'll rule soon on Bashas' bankruptcy plan
A Tucson bankruptcy court judge says he'll rule within the nextweek or so on a plan by Bashas' Inc. to emerge from bankruptcyprotection. (Mon, 09 Aug 2010 19:10:52 -0700)
Companies declaring bankruptcy in Spain down 13.7% in Q2
The number of companies declaring bankruptcy in Spain saw a drop of 13.7 percent in the second quarter of 2010 compared with the previous same period, a report from the National Statistics Institute said Monday. (Mon, 09 Aug 2010 18:26:56 -0700)
Bankruptcy Hearing on Statler Building
The sale of the landmark Statler Building now moving forward after a hearing in bankruptcy court Monday. (Mon, 09 Aug 2010 11:15:16 -0700)
Chemtura Wins Approval for $1 Billion Agreement to Finance Bankruptcy Exit
Chemtura Corp. won court permission to enter an agreement to finance the plastic-additives makers exit from bankruptcy with about $1 billion in new debt. (Mon, 09 Aug 2010 08:54:59 -0700)
Final arguments in Bashas' bankruptcy case Monday
Lawyers for Arizona grocer Bashas' Inc. will have a final chance on Monday to convince a bankruptcy court judge to approve the chain's plan to emerge from bankruptcy protection. Judge James Marlar is (Mon, 09 Aug 2010 08:29:11 -0700)
Out from under bankruptcy, Chrysler narrows Q2 loss on growing sales
DETROIT - A year after emerging from bankruptcy protection, Chrysler Group LLC said Monday that growing car and truck sales helped it narrow its second-quarter loss to US$172 million. (Mon, 09 Aug 2010 06:32:00 -0700)
Final Arguments in Bashas' Bankruptcy
Lawyers for Arizona grocer Bashas' Inc. will have a final chance to convince a bankruptcy court judge to approve the chain's plan to emerge from bankruptcy protection. (Mon, 09 Aug 2010 04:34:35 -0700)
Out from under bankruptcy, Chrysler narrows 2Q loss on growing sales, says turnaround on track
DETROIT - A year after emerging from bankruptcy protection, Chrysler is stanching its losses and seeing demand for its cars and trucks rise. But it's far from healthy, and its CEO says the company has more tough work ahead. (Mon, 09 Aug 2010 04:09:13 -0700)
Bashas' bankruptcy hearing today
PHOENIX (AP) - Lawyers for Arizona grocer Bashas' Inc. will have a final chance on Monday to convince a bankruptcy court judge to approve the chain's plan to emerge from bankruptcy protection. (Mon, 09 Aug 2010 03:29:26 -0700)
Duchess striving to avoid bankruptcy
The Duchess of York is doing everything she can to avoid bankruptcy, her spokesman said yesterday. Photo: Yui Mok/PA Wire The Duchess of York is doing everything she can to avoid bankruptcy, her spokesman said yesterday. (Mon, 09 Aug 2010 00:44:34 -0700)
Voluntary bankruptcy recommended for Duchess
Sarah Ferguson, the Duchess of York, says she is doing everything she can to avoid declaring bankruptcy over business debts. (Sun, 08 Aug 2010 20:51:37 -0700)
Bankruptcy mars reality of Jersey Housewife
What happens when reality intrudes on "reality"? For Teresa Giudice of "The Real Housewives of New Jersey" and the Bravo cable network bankruptcy is proving to be an inconvenient truth. (Sat, 07 Aug 2010 23:17:48 -0700)
Bankruptcy, successes preceded Pat Reid's indictment
Bankruptcy, successes preceded Pat Reid's indictment (Sat, 07 Aug 2010 16:26:58 -0700)
Problem: Battle over phanton bankruptcy
Elgin woman battles TransUnion to remove unfounded report that she filed for bankruptcy It started innocently enough. In early June, Susan Gabon applied for a Pier One Imports credit card, figuring the application was a mere formality. (Sat, 07 Aug 2010 08:49:43 -0700)
Rangers exit bankruptcy thanks to legend
Former Baseball legend Nolan Ryan has rescued the texas Rangers from bankruptcy as a new owner. (Sat, 07 Aug 2010 00:01:37 -0700)
Chapter 13 bankruptcy office moves to Northbank building in downtown Flint
FLINT, Michigan With a growing number of people filing for bankruptcy, the trustee who helps debtors keep their property has moved into bigger digs. (Fri, 06 Aug 2010 23:13:08 -0700)
Reno bankruptcy judge gives Station Casinos founders rights to own most of the company
LAS VEGAS (AP) Station Casinos founders Frank Fertitta III and Lorenzo Fertitta have won approval from a federal bankruptcy judge in Reno to keep ownership of most of the casino company. (Fri, 06 Aug 2010 12:08:28 -0700)
Fertittas win Station Casinos bankruptcy auction
Station Casinos founders Frank Fertitta III and Lorenzo Fertitta have won approval from a federal bankruptcy judge in Reno to keep ownership of most of their company. (Fri, 06 Aug 2010 11:59:31 -0700)
TEXAS RANGERS SALE / Ballclub exits bankruptcy after Ryan outbids Cuban
The Texas Rangers got approval Thursday to exit Chapter 11 federal bankruptcy protection, an anticlimactic end to one of the most contentious sales of a pro sports team. The hearing on the team's reorganization started just eight hours after a courtroom, in... Texas Rangers - United States - Law - Chapter 11 Title 11 United States Code - Services (Fri, 06 Aug 2010 05:31:48 -0700)
Texas Rangers get OK to exit bankruptcy protection
The Texas Rangers got approval to exit federal bankruptcy protection, an anticlimactic end to one of the most contentious sales of a professional sports team. (Fri, 06 Aug 2010 01:07:04 -0700)
Texas Rangers exit bankruptcy protection
The Texas Rangers exited federal bankruptcy protection on Thursday, an anticlimactic end to one of the most contentious sales of a professional sports team. (Thu, 05 Aug 2010 16:33:20 -0700)
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