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Home > Bankruptcy News

Bankruptcy News Jul 2006

Eurotunnel Files for Bankruptcy Protection in France (Update1)
July 11 (Bloomberg) -- Eurotunnel SA, which signed a debt- reorganization plan in May with senior creditors and Goldman Sachs Group Inc. to avoid default, today filed for bankruptcy protection with the Paris business court. (Wed, 12 Jul 2006 02:14:34 GMT)

Eurotunnel in last-ditch bankruptcy talks
Anglo-French tunnel operator Eurotunnel entered a crucial round of talks aimed at averting bankruptcy on Wednesday after seeking shelter from the French courts over its 6.2 billion pound debt pile. (Wed, 12 Jul 2006 07:13:43 GMT)

Extension offers bankruptcy education sessions
The Department of Justice has approved Cornell Cooperative Extension of Dutchess County as a provider of the financial education component required when someone files for bankruptcy protection. (Wed, 12 Jul 2006 07:14:14 GMT)

Eurotunnel in last-ditch bankruptcy talks
PARIS (Reuters) - Anglo-French tunnel operator Eurotunnel was set to enter a final round of talks aimed at averting bankruptcy on Wednesday after seeking shelter from the French courts over its 6.2 billion pound debt pile. (Wed, 12 Jul 2006 09:24:33 GMT)

Eurotunnel to Resume Debt Talks After French Bankruptcy Filing
July 12 (Bloomberg) -- Eurotunnel SA, which yesterday filed for bankruptcy protection in the Paris business court, will resume talks today with bondholders such as Deutsche Bank AG and Elliott Management to try to reach a debt accord. (Wed, 12 Jul 2006 09:44:59 GMT)

Fashion Shop chain files for bankruptcy
The Fashion Shop chain of clothing and furniture stores has filed for Chapter 11 bankruptcy and could close some stores as it looks to put a greater emphasis on selling furniture. All 12 Fashion Shop stores will stay open, for now, and its approximately 230 employees are scheduled to be paid as usual. The chain, based in Louisville, also has stores in Cincinnati, Lexington, Owensboro and (Wed, 12 Jul 2006 09:50:43 GMT)

Ex-AFA Cadet Orderd To Repay Academy Cost Despite Bankruptcy
PHILADELPHIA -- A man discharged from the U.S. Air Force Academy for letting his girlfriend use a government credit card must repay his $123,000 educational debt despite filing for bankruptcy, an appeals court ruled. (Wed, 12 Jul 2006 10:36:21 GMT)

Eurotunnel Resumes Debt Talks After Bankruptcy Filing (Correct)
(Corrects first name in sixth paragraph.) July 12 (Bloomberg) -- Eurotunnel SA, which yesterday filed for bankruptcy protection in Paris, resumed a six-week wrangle with bondholders such as Deutsche Bank AG and Elliott Management Corp. over how much they might receive in a debt-restructuring accord. (Wed, 12 Jul 2006 13:14:37 GMT)

Eurotunnel Resumes Debt Talks After Bankruptcy Filing (Update2)
July 12 (Bloomberg) -- Eurotunnel SA, which yesterday filed for bankruptcy protection in Paris, resumed a six-week wrangle with bondholders such as Deutsche Bank AG and Elliott Management Corp. over how much they might receive in a debt reorganization. (Wed, 12 Jul 2006 13:29:34 GMT)

Bankruptcy attorney with practice in Jackson, residence in Jonesville, faces fourth degree CSC charges
JONESVILLE — A Jackson bankruptcy attorney — who calls Jonesville home — was charged late last week with a sexual crime involving a 12-year-old girl. James R. Knapp, of Concord Road, was arraigned on Friday on a charge of fourth degree criminal sexual conduct with the girl. (Wed, 12 Jul 2006 13:36:20 GMT)

Court: Ex-cadet must repay academy cost despite bankruptcy
A man discharged from the U.S. Air Force Academy for letting his girlfriend use a government credit card must repay his $123,000 educational debt despite filing for bankruptcy, an appeals court ruled. (Thu, 13 Jul 2006 00:10:47 GMT)

Eurotunnel to Pursue Bankruptcy After Debt Talks Fail (Update2)
July 13 (Bloomberg) -- Eurotunnel SA, which operates the rail link between the U.K. and France, said talks with bondholders including Deutsche Bank AG failed and that it will pursue bankruptcy protection in France. (Thu, 13 Jul 2006 05:33:20 GMT)

Eurotunnel to Pursue Bankruptcy After Debt Talks Fail (Update5)
July 13 (Bloomberg) -- Eurotunnel SA, which operates the rail link between the U.K. and France, will pursue bankruptcy protection after talks to restructure 6.2 billion pounds ($11.4 billon) of debt collapsed. (Thu, 13 Jul 2006 07:48:46 GMT)

Eurotunnel seeks bankruptcy as debt talks fail
Channel Tunnel operator Eurotunnel is pursuing bankruptcy protection after debt restructuring talks failed. (Thu, 13 Jul 2006 08:00:06 GMT)

Bankruptcy filing delays foreclosure
WORCESTER - A real estate company operated by businessman Nicholas J. Fiorillo has filed for Chapter 11 bankruptcy protection, a move that postpones foreclosure proceedings on two pieces of property owned by the company. (Thu, 13 Jul 2006 08:49:52 GMT)

ROMANIA: New Law on Bankruptcy
The new law on bankruptcy is to come into force on July 21 aiming mainly at speeding up the exit out of the market of the non-viable entities upon request of the European Commission, ACT Media news agency reports. (Thu, 13 Jul 2006 09:57:35 GMT)

Eurotunnel to seek bankruptcy protection in Paris
LONDON, July 13 (newratings.com) – Eurotunnel SA (ticker: TNU), which operates the rail link between the UK and France, Thursday announced the failure of talks with bondholders regarding the restructuring of its debt, forcing it to seek bankruptcy protection in France. (Thu, 13 Jul 2006 10:47:36 GMT)

Eurotunnel to Pursue Bankruptcy After Debt Talks Fail (Update6)
July 13 (Bloomberg) -- Eurotunnel SA, operator of the rail link between the U.K. and France, will pursue bankruptcy protection after talks to restructure 6.2 billion pounds ($11.4 billon) of debt collapsed. (Thu, 13 Jul 2006 11:29:44 GMT)

Eurotunnel Presses Ahead With Bankruptcy
Eurotunnel requested bankruptcy protection in a French court Thursday, despite an offer from lenders to continue negotiations on how to restructure the cross-Channel tunnel operator's euro9.1 billion debt. (Thu, 13 Jul 2006 13:08:55 GMT)

Eurotunnel Seeks Bankruptcy Protection
Eurotunnel requested bankruptcy protection in a French court Thursday, despite an offer from lenders to continue negotiations on how to restructure the cross-Channel tunnel operator's $11.7 billion debt. (Thu, 13 Jul 2006 13:40:11 GMT)

Failed talks force Eurotunnel to bankruptcy
Eurotunnel, the troubled rail operator, will seek bankruptcy protection after creditors rejected a contested deal on restructuring its €9.1 billion in debt, the group said Thursday. (Thu, 13 Jul 2006 13:48:25 GMT)

Eurotunnel to Pursue Bankruptcy After Debt Talks Fail (Update9)
July 13 (Bloomberg) -- Eurotunnel SA, operator of the rail link between the U.K. and France, will pursue bankruptcy protection after talks to restructure 6.2 billion pounds ($11.4 billon) of debt collapsed. (Thu, 13 Jul 2006 16:18:52 GMT)

Carter's Grocery Chain Files Bankruptcy
A Michigan grocery chain has declared its intent to liquidate because it cannot meet its financial obligations. Charlotte-based Carter's Inc. on Wednesday filed for Chapter 7 bankruptcy, which provides for the sale of assets and the distribution of proceeds among creditors. (Thu, 13 Jul 2006 18:06:17 GMT)

Carter's Grocery Chain Files Bankruptcy
(AP) CHARLOTTE, Mich. A Michigan grocery chain has declared its intent to liquidate because it cannot meet its financial obligations. Charlotte-based Carter's Inc. on Wednesday filed for Chapter 7 bankruptcy, which provides for the sale of assets and the distribution of proceeds among creditors. (Thu, 13 Jul 2006 18:20:08 GMT)

Personal bankruptcy filings plunge
The number of Americans filing for personal bankruptcy protection plunged 69 percent in the second quarter after a federal law made it harder for borrowers to erase their debt. (Thu, 13 Jul 2006 18:55:22 GMT)

Eurotunnel blames Deutsche as it files for bankruptcy protection
Eurotunnel slipped closer to insolvency yesterday after the Channel Tunnel operator formally applied for bankruptcy protection under French law, having failed to reach an agreement with creditors to restructure its £6.2bn of debts. (Thu, 13 Jul 2006 23:47:19 GMT)

Utah sees big drop in filings of bankruptcy
Utah's bankruptcy filings were down 77 percent through June compared to the first six months of 2005, the U.S. Bankruptcy Court for the District of Utah reported Thursday. (Fri, 14 Jul 2006 06:17:18 GMT)

Personal Bankruptcy Filings Plunge in Quarter
The number of Americans filing for personal bankruptcy protection plunged 69% in the second quarter after a federal law made it harder for borrowers to erase their debt, according to figures released Thursday. (Fri, 14 Jul 2006 07:24:00 GMT)

Brook Mays Music files for Chapter 11 bankruptcy
Brook Mays Music Co., a 105-year-old seller of musical instruments, has filed for Chapter 11 bankruptcy, hurt by disappointing holiday sales last year. (Fri, 14 Jul 2006 17:15:36 GMT)

Brook Mays Music files for Chapter 11 bankruptcy
WASHINGTON Brook Mays Music Company has filed for Chapter Eleven bankruptcy protection in Dallas. The Dallas-based seller of musical instruments was hurt by... (Fri, 14 Jul 2006 17:43:52 GMT)

Brook Mays Music files for Chapter 11 bankruptcy
WASHINGTON Brook Mays Music Company has filed for Chapter Eleven bankruptcy protection in Dallas. (Fri, 14 Jul 2006 18:58:11 GMT)

Mesaba Airlines Bankruptcy Court Judge Grants Mesaba Airlines' Motion for Authority to Reject Its Labor Contracts
MINNEAPOLIS & ST. PAUL, Minn.----July 14, 2006--Mesaba Aviation, Inc. a subsidiary company of MAIR Holdings said today that Judge Gregory Kishel of the U.S. Bankruptcy Court for Minnesota granted the airline's motion for authority to reject its contract with flight attendants, pilots and mechanics. (Fri, 14 Jul 2006 20:53:00 GMT)

Bankruptcy forces nine local Blockbuster stores to close
Nine area Blockbuster stores abruptly closed Thursday after the franchise operator filed for Chapter 7 bankruptcy liquidation, according to a spokesman for the national movie and game rental chain based in Dallas. (Sat, 15 Jul 2006 04:16:18 GMT)

Brook Mays Music Files For Chapter 11 Bankruptcy
Washington -- Brook Mays Music Company has filed for Chapter Eleven bankruptcy protection in Dallas. The Dallas-based seller of musical instruments was hurt by disappointing holiday sales last year. (Sat, 15 Jul 2006 07:03:09 GMT)

Congress may sock bankruptcy filers with higher fee
Going broke might become more expensive. Congress is considering a bill that would raise the fee for filing Chapter 7 bankruptcy by $40, to $439. If passed, it would be the fourth increase in fees since the new bankruptcy law went into effect in October. (Sat, 15 Jul 2006 11:08:33 GMT)

Cape auto dealership declares bankruptcy
UPPER TOWNSHIP — South Shore Auto World declared bankruptcy late Thursday, a day before closing the doors for good on its three Marmora car dealerships. (Sat, 15 Jul 2006 11:39:53 GMT)

Personal bankruptcy takes dive
The number of Americans filing for personal bankruptcy protection plunged 69 percent in the second quarter after a federal law made it harder for borrowers to erase their debt. (Sun, 16 Jul 2006 02:35:59 GMT)

Federal Reserve: U.S. headed for bankruptcy
A newly published paper by a researcher for the Federal Reserve Bank of St. Louis warns that a ballooning budget deficit and pension and welfare timebomb is growing into a $65.9 trillion fiscal gap that will force the United States into bankruptcy. (Sun, 16 Jul 2006 05:14:09 GMT)

Individual Voluntary Arrangement Can Prevent Bankruptcy
The Debt Counsellors warn that bankruptcy is far from a soft option for people with serious debts and are advising those facing insolvency to consider the Individual Voluntary Arrangement as an alternative. (PRWEB Jul 16, 2006) Trackback URL: http://www.prweb.com/chachingpr. (Sun, 16 Jul 2006 07:14:28 GMT)

Individual Voluntary Arrangement Can Prevent Bankruptcy
(PRWEB) July 16, 2006 -- Bankruptcy is on a steep rise in the UK. (Sun, 16 Jul 2006 12:00:00 GMT)

(AFX UK Focus) 2006-07-16 18:36 GMT: Sea Containers prepares to sell GNER to avoid bankruptcy proceedings - report
LONDON (AFX) - Sea Containers, the US conglomerate, is preparing to sell its profitable UK rail operator GNER in a bid to avoid bankruptcy proceedings, the Sunday Express reported citing sources close to the Bermuda-registered company. (Sun, 16 Jul 2006 18:00:30 GMT)

Sea Containers 'ready to sell GNER' to avoid bankruptcy
EAST coast main line train operator GNER could be sold by its troubled shipping owners in an attempt to stave off bankruptcy in the United States, it was reported yesterday. (Mon, 17 Jul 2006 00:37:28 GMT)

Brook Mays Music Files For Chapter 11 Bankruptcy
Washington -- Brook Mays Music Company has filed for Chapter Eleven bankruptcy protection in Dallas. The Dallas-based seller of musical instruments was hurt by disappointing holiday sales last year. (Mon, 17 Jul 2006 00:47:40 GMT)

Bankruptcy court denies Deep motion on Amici
A motion to prevent the sale of Amici LLC to Xerox Corp. for $174 million was denied in U.S. Bankruptcy Court in Albany July 11. (Mon, 17 Jul 2006 04:43:27 GMT)

Pickerington nursing home back in bankruptcy court for 2nd time
Facing foreclosure and a sheriff's sale, a Pickerington nursing home has, for the second time, filed for bankruptcy court protection from its creditors. (Mon, 17 Jul 2006 05:18:34 GMT)

Tax Experts Discuss Bankruptcy Act
July 17, 2006 (SmartPros) On the July 11 Webcast of Tax Talk Today, an expert panel of IRS officials and tax experts discussed the impact of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) on the tax administration, particularly as it affects Chapter 7 and Chapter 13 bankruptcies for individual debtors with tax liabilities. (Mon, 17 Jul 2006 05:53:45 GMT)

Bankruptcy filings
This bankruptcy was filed July 7 in U.S. District Court, Indianapolis, for the Southern District of Indiana. D-debt; A-assets. (Mon, 17 Jul 2006 06:52:07 GMT)

Oregon Still Waiting On Enron Bankruptcy Money
One year ago Monday Oregonians learned the state had been awarded a $22 million 'claim' in Enron's $1.5 billion bankruptcy settlement. (Mon, 17 Jul 2006 17:36:26 GMT)

Brook Mays Music Files For Chapter 11 Bankruptcy
Washington -- Brook Mays Music Company has filed for Chapter Eleven bankruptcy protection in Dallas. The Dallas-based seller of musical instruments was hurt by disappointing holiday sales last year. (Mon, 17 Jul 2006 22:13:04 GMT)

Bankruptcy law change means family home is no longer sacred
THE family home is no longer safe if you are forced into bankruptcy, Hall Chadwick partner Geoff McDonald says. Mr McDonald, who is also a barrister, said as from June, you can no longer put the family home in the name of your spouse and expect the family to keep it if you go broke. (Tue, 18 Jul 2006 02:08:06 GMT)

Developer files for bankruptcy
The development company slated to build several Anna Maria housing projects has sought bankruptcy protection in the face of mounting legal troubles. (Tue, 18 Jul 2006 07:07:59 GMT)

PBI files for bankruptcy
Less than two months after a new management team took over operations, PBI Regional Medical Center announced Monday it filed for bankruptcy protection as it restructures its finances. (Tue, 18 Jul 2006 09:46:18 GMT)

Coming out of bankruptcy, United still hasn't taken off
Investors are having a hard time figuring out the new United Airlines. After an initial honeymoon following the carrier's Feb. 1 emergence from a prolonged stay in bankruptcy-court protection, investors appeared to sour on United's parent, UAL Corp. Pressure is on the company to produce stellar second-quarter results or risk losing credibility on Wall Street. UAL's new stock, which achieved a (Tue, 18 Jul 2006 10:03:28 GMT)

Brazil's Varig Airline Faces Bankruptcy
Brazil's flagship airline Viacao Aerea Rio-Grandense SA, or Varig, faced bankruptcy Tuesday after creditors rejected a $500 million bid -- the only offer for the company's operating assets. (Tue, 18 Jul 2006 15:42:51 GMT)

Varig Airline Faces Bankruptcy
Brazil's flagship airline Varig faced bankruptcy Tuesday after creditors rejected the only US$500 million bid for the company. (Tue, 18 Jul 2006 15:51:24 GMT)

Bankruptcy fee hike would hurt those 'too poor to go broke'
A proposal in Congress to increase the filing fee for Chapter 7 bankruptcy will penalize those least able to pay it, a local bankruptcy attorney said Thursday. (Tue, 18 Jul 2006 18:33:34 GMT)

TeleVideo Plan of Reorganization Confirmed by Bankruptcy Court
SAN JOSE, Calif.----July 18, 2006--TeleVideo, Inc. announced that its First Amended of Plan of Reorganization was approved by the United States Bankruptcy Court for the District of Delaware, providing TeleVideo with the ability to emerge from its Chapter 11 restructuring. (Tue, 18 Jul 2006 21:08:00 GMT)

USDTV aims to sell assets in bankruptcy
U.S. Digital Television Inc., the Draper-based wireless company that tried to take on the cable TV industry by offering digital-quality programming for less than $20 a month, has filed for liquidation bankruptcy. The company filed for Chapter 7 protection in a U.S. Bankruptcy Court in Delaware earlier this month, claiming it owes $15 million to creditors but has assets worth less than $10 (Wed, 19 Jul 2006 05:38:19 GMT)

Decree sets out new bankruptcy rules
Certain State owned enterprises holding assets valued at VND 30 billion (US $1.8 million) or higher must be audited by an authorized audit company before being allowed to declare bankruptcy, according to a new decree. (Wed, 19 Jul 2006 08:35:16 GMT)

Lawmakers call for bankruptcy changes
WASHINGTON -- The head of the UAW and two Democratic lawmakers called Tuesday for reforms to corporate bankruptcy law, saying Delphi Corp.'s bankruptcy exposes weaknesses that punish workers and reward managers unfairly. (Wed, 19 Jul 2006 09:00:07 GMT)

USDTV files Ch. 7 bankruptcy
Draper-based wireless digital TV service USDTV filed Chapter 7 bankruptcy earlier this month after its investors backed out because of uncertainty over whether the company could continue to be a low-cost alternative to cable or satellite TV services under existing federal communications laws.. (Wed, 19 Jul 2006 09:04:37 GMT)

4th boost sought for bankruptcy filing fee
For the fourth time in less than a year, Congress has proposed increasing fees for filing bankruptcy, raising the ire of consumer advocates. (Wed, 19 Jul 2006 10:42:24 GMT)

Northwest Sets Up Bankruptcy Financing
Northwest Airlines Corp. has set up a $1.375 billion debtor-in-possession loan that can be converted to finance its departure from bankruptcy protection, according to bankruptcy court filings. (Wed, 19 Jul 2006 16:42:06 GMT)

Breaking! Bankruptcy Judge Rewards Delphi Execs For Being Bankrupt
Somehow we don't think this is going to make things any easier during union negotiations. A federal bankruptcy court approved today a multi-million dollar bonus plan for Delphi senior executives.... (Wed, 19 Jul 2006 20:32:37 GMT)

Pliant Corp. exits bankruptcy
SCHAUMBURG, Ill., July 19 (UPI) -- Illinois' Pliant Corp. has emerged from bankruptcy, boosted by a $200 million line of credit from Merrill Lynch Commercial Finance Corp. (Wed, 19 Jul 2006 20:38:15 GMT)

Kenya: Bank Gets Nod to File Bankruptcy Suit Against MP
Nominated MP Kipkalya Kones may face bankruptcy charges over a Sh4.7 million debt. (Wed, 19 Jul 2006 21:50:55 GMT)

USDTV Aims to Sell Assets in Bankruptcy
By Paul Beebe, The Salt Lake Tribune Jul. 19--U.S. Digital Television Inc., the Draper-based wireless company that tried to take on the cable TV industry by offering digital-quality programming for less than $20 a month, has filed for liquidation bankruptcy. (Thu, 20 Jul 2006 03:14:31 GMT)

Northwest obtains financing for bankruptcy exit
MINNEAPOLIS -- Northwest Airlines has set up a $1.375 billion debtor-in-possession loan that can be converted to finance its departure from bankruptcy protection, according to bankruptcy court filings. The funding, by a group of lenders led by Citigroup, includes money to pay off $1. (Thu, 20 Jul 2006 06:51:25 GMT)

Berry-Hill bankruptcy drags in other dealers Firms owed money before gallery filed for protection from creditors may
NEW YORK. Dealers whose pictures were consigned to and sold by Berry-Hill Galleries before it filed for bankruptcy, risk losing the proceeds from their sale, unless Berry-Hill can raise enough money to make a first payment to its secured creditor by 2 August. (Thu, 20 Jul 2006 09:18:54 GMT)

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Pliant emerges from bankruptcy
A company with a Chippewa Falls plant has emerged from bankruptcy. Pliant Corporation announced Wednesday it has exited from Chapter 11 bankruptcy protection. The corporation had declared bankruptcy in Delaware on Jan. 3. (Thu, 20 Jul 2006 10:28:00 GMT)

Woman planning collection agency filed bankruptcy
A woman planning to open a collection agency in Tempe had a previous company shut down by the Arizona Corporation Commission for selling unregistered securities and had another that went bankrupt. (Fri, 21 Jul 2006 05:50:48 GMT)

Bankruptcy Services of America Provides Alternative To High-Priced Bankruptcy Attorneys
Bankruptcy attorneys typically charge $800 to $2,500 to file bankruptcy. Bankruptcy Services of America, a nationwide bankruptcy service, charges just $195 for a complete Chapter 7 or 13 consumer bankruptcy. (PRWEB Jul 21, 2006) (Fri, 21 Jul 2006 07:07:45 GMT)

$36 million church fund off-limits in bankruptcy
A federal bankruptcy judge ruled Thursday that the Portland Archdiocese cannot be forced to liquidate a $36 million endowment fund to pay priest accusers. (Fri, 21 Jul 2006 07:24:51 GMT)

Bankruptcy kills customer service
The company promises cable TV stations and a high-definition picture. But the bills are higher than advertised. And no one answers the phone. (Fri, 21 Jul 2006 09:19:29 GMT)

Dana bankruptcy
TOLEDO, Ohio (AP) - Auto parts makers Dana Corp. told creditors it may seek cuts on retiree benefits as part of its restructuring under federal bankruptcy protection. (Fri, 21 Jul 2006 17:18:32 GMT)

Bankruptcy Court Confirms Plan of Liquidation of Able Laboratories, Inc.
CRANBURY, N.J.----July 21, 2006--Able Laboratories, Inc. announced that the United States Bankruptcy Court for the District of New Jersey has confirmed its Plan of Liquidation. (Fri, 21 Jul 2006 20:00:00 GMT)

Vesta files involuntary Chapter 7 bankruptcy; liquidation now likely
Embattled Vesta Insurance Group has filed an involuntary bankruptcy petition in U.S. Bankruptcy Court in Birmingham, court records show. (Fri, 21 Jul 2006 22:13:00 GMT)

Dana may cut retiree benefits in effort to emerge from bankruptcy protection
TOLEDO, Ohio Dana Corporation, which sells brakes, axles and other parts to most major automakers, says it may seek cuts on retiree benefits as part of its restructuring under federal bankruptcy protection. (Fri, 21 Jul 2006 22:47:50 GMT)

Bankruptcy Judge OKs Able Liquidation
A bankruptcy judge has approved the liquidation plan of Able Laboratories Inc., the one-time maker of generic drugs announced Friday. (Fri, 21 Jul 2006 23:02:01 GMT)

Comair Calls Ruling 'Necessary Step' In Emergence From Bankruptcy
The ruling by a Federal Bankruptcy Judge that Comair can tear up its exsisting contract with the flight attendants union is not being called a victory. (Fri, 21 Jul 2006 23:43:39 GMT)

Barclays says claims dismissed regarding role in Enron bankruptcy
British bank Barclays said Friday that a court in Houston has dismissed claims against it in a class-action lawsuit brought over its role in the Enron bankruptcy. (Sat, 22 Jul 2006 05:51:15 GMT)

Vesta forced into bankruptcy
Vesta Insurance Group, which acknowledged this week it can't pay lenders, said Friday that creditors have put the company into involuntary bankruptcy. (Sat, 22 Jul 2006 09:32:57 GMT)

Business declares bankruptcy, despite move to Nevada
A friendly tax environment and state-sponsored incentives couldn't save Dayton manufacturer Modern Stainless & Steel. About a year-and-a-half after the company moved from California it filed for bankruptcy and sold off its assets. (Sat, 22 Jul 2006 12:08:20 GMT)

Business declares bankruptcy, despite move to Nevada
A friendly tax environment and state-sponsored incentives couldn't save Dayton manufacturer Modern Stainless & Steel. About a year-and-a-half after the company moved from California it filed for bankruptcy and sold off its assets. (Sat, 22 Jul 2006 22:23:31 GMT)

MLK appeals bankruptcy ruling
FREEPORT - Attorneys for Martin Luther King Jr. Community Services of Illinois are appealing an April bankruptcy court ruling that stripped MLKCSI of its interest in King Community Center headquarters on Liberty Avenue, saying the bankruptcy court's ruling contained errors. (Sun, 23 Jul 2006 04:58:04 GMT)

There's No Quick Fix for Credit Blemishes
Dear Liz: I filed a personal bankruptcy under Chapter 7 five years ago to erase my debts. The reason I filed wasn't because I lived beyond my means. It was because I used my personal credit to finance my business, which fell apart after the Sept. 11 terrorist attacks. Since that time, I have emerged with credit scores in the 665-to-700 range. My problem is that when I apply for loans, I'm (Sun, 23 Jul 2006 07:15:15 GMT)

New Jersey manufacturing firm buying Roediger out of bankruptcy
The name and assets of an Allison Park-based wastewater treatment equipment manufacturer that fell on hard times following Hurricane Ivan-related flooding in 2004 are being acquired out of bankruptcy. (Mon, 24 Jul 2006 04:01:56 GMT)

Changes in laws make it harder for companies in bankruptcy to keep workers
The last thing a company that is trying to emerge from bankruptcy needs is to lose its best employees, but changes in federal bankruptcy law have made hanging onto those employees a lot tougher, according to legal experts. (Mon, 24 Jul 2006 04:02:06 GMT)

Doctor group bails hospital out of bankruptcy
A group of area physicians have banded together to rescue an ailing Houston hospital. (Mon, 24 Jul 2006 05:00:45 GMT)

Bankruptcy filings
These bankruptcies were filed July 14-20 in U.S. District Court, Indianapolis, for the Southern District of Indiana. D-debt; A-assets. (Mon, 24 Jul 2006 06:51:58 GMT)

WL Ross to Be Sold
Wilbur Ross, dubbed the "King of Bankruptcy" for investing in distressed companies, agreed to sell his firm to Amvescap for as much as $375 million to target more acquisitions in Asia. (Mon, 24 Jul 2006 07:12:44 GMT)

 Lavish lifestyle can lead to extended Bankruptcy restrictions
People considering bankruptcy are today being reminded that living a lavish lifestyle before declaring yourself insolvent can have serious repercussions. (Mon, 24 Jul 2006 08:33:47 GMT)

United Air parent forecasts turning a profit out of bankruptcy
NEW YORK (MarketWatch) -- United Airlines' parent said Monday that a better yield from higher passenger traffic would lead to a second-quarter operating profit, its first since emerging from bankruptcy protection nearly six months ago. (Mon, 24 Jul 2006 13:02:32 GMT)

Digital TV Company Has Filed for Bankruptcy
By ROSALIE RAYBURN Journal Staff Writer U.S. Digital Television Inc., a Utah company that launched a $20- per-month digital channel package as an alternative to cable TV and supplies the Albuquerque area, has filed for Chapter 7 bankruptcy- court protection. (Mon, 24 Jul 2006 18:49:18 GMT)

Amvescap in £200m deal with King of Bankruptcy
Anglo-American fund manager Amvescap is to pay up to $375m (£202m) for the private equity firm of Wilbur Ross, the famed investor dubbed the King of Bankruptcy. (Mon, 24 Jul 2006 23:17:46 GMT)

Adelphia says creditors, bondholders backing bankruptcy plan
GREENWOOD VILLAGE, Colo. - Adelphia Communications Corp. said Monday that most of its major bondholders and trade creditors have agreed on the company's plan to emerge from bankruptcy in the fourth quarter. (Tue, 25 Jul 2006 00:01:04 GMT)

Attorney Fees On The Rise Due To New Bankruptcy Laws
Many individuals are seeking low-cost alternatives to high-priced bankruptcy attorneys. (PRWEB Jul 25, 2006) (Tue, 25 Jul 2006 07:09:35 GMT)

Bank agrees to extend deadline for creditors to seek Dwek bankruptcy
Solomon Dwek has avoided — for now — being forced into bankruptcy by PNC Bank, which says the real estate mogul owes it more than $21 million. (Tue, 25 Jul 2006 08:24:36 GMT)

Bankruptcy supervisor says Yukos can't pay debts in time allotted by law(Updated 05:15 p.m.)
OAO Yukos cannot pay its debts in the time allotted by law, the bankruptcy supervisor in the case said Tuesday _ raising the likelihood that the beleaguered Russian oil company would be forced into liquidation. (Tue, 25 Jul 2006 09:25:54 GMT)

USDTV files for Chapter 7 bankruptcy
USDTV, the low-cost US digital TV service backed by a string of major media groups including Fox Television, has filed for Chapter 7 bankruptcy. (Tue, 25 Jul 2006 10:29:52 GMT)

YUKOS manager insists on bankruptcy proceedings
RBC, 25.07.2006, Moscow 14:46:27. YUKOS' interim manager Eduard Rebgun recommended that bankruptcy proceedings were started in the company at the first YUKOS creditors meeting today. (Tue, 25 Jul 2006 11:13:26 GMT)

Creditors Ask Bankruptcy for Yukos
Creditors of OAO Yukos voted Tuesday to ask a court to declare the oil company bankrupt and to appoint a supervisor to liquidate its assets -- a move the court is almost certain to accept. (Tue, 25 Jul 2006 11:35:45 GMT)

YUKOS' creditors vote for bankruptcy
RBC, 25.07.2006, Moscow 16:18:05. The majority of YUKOS' creditors (93.9 percent) decided to file a petition to the arbitration court to declare YUKOS bankrupt and start bankruptcy proceedings. (Tue, 25 Jul 2006 13:43:36 GMT)

Yukos Creditors Call For Bankruptcy
Following years of legal actions against Russian oil company Yukos, creditors have asked a court to announce the enterprise's bankruptcy and to take measures to liquidate its assets. (Wed, 26 Jul 2006 00:25:05 GMT)

Bankruptcy push for stricken Yukos
MOSCOW, Russia (Reuters) -- The court-appointed administrator of Yukos recommended on Tuesday that the stricken Russian oil firm be declared bankrupt, which analysts say is likely to lead to a takeover by state firm Rosneft. (Wed, 26 Jul 2006 01:55:21 GMT)

Bankruptcy cases soar before new law, then drop to normal
In the two weeks before a new federal bankruptcy law went into effect last Oct. 17, bankruptcy courts in Arkansas experienced a 650-percent jump in filings from a year earlier. (Wed, 26 Jul 2006 07:38:32 GMT)

Waiting for Bankruptcy or Revolution: What France Is Reading
July 26 (Bloomberg) -- France made it to the World Cup finals, and the tourist season looks promising. Yet the country's book market is flooded with prophecies of doom. Some of them climb to the top of the bestseller list. (Wed, 26 Jul 2006 08:00:10 GMT)

Airline's bankruptcy cancels out mission trip
MOSINEE -- A Good News Baptist Church mission trip to Brazil has been canceled after the airline the group planned to use declared bankruptcy. The group of 20, ranging in age from 14 to 65, was set to leave Thursday for Petrolina, Brazil, on the South American airline Varig. (Wed, 26 Jul 2006 09:34:24 GMT)

Creditor demands Iusacell bankruptcy to take place in the US
A US creditor of Mexican mobile operator Iusacell has filed a request for the company to undergo involuntary bankruptcy proceedings in the US, Mexican press reported. (Wed, 26 Jul 2006 10:33:10 GMT)

Government to change bankruptcy laws
Bankruptcy laws will be changed to allow trustees to recover money from people who make superannuation contributions to deliberately avoid creditors. (Wed, 26 Jul 2006 14:02:07 GMT)

Bankruptcy filings
There were no petitions filed in the Daily Mail's circulation area in U.S. Bankruptcy Court for the Southern District for July 19, 2006. (Wed, 26 Jul 2006 14:49:22 GMT)

"Mayor" Files For [Intellectual] Bankruptcy
Echoing the famous statement of Martyred and Legendary Nigeria's Civil Rights Icon and Environmental Activist, Ken Saro-Wiwa, that the "Best of the Black Man is Evil", the Ghanaian born Politician (formerly known as "Kwame Mayor"), has publicly announced that he has filed for [* INTELLECTUAL BANKRUPTCY ] to protest [systematic] exploitation of his educational investment - an enriching education (Wed, 26 Jul 2006 22:31:42 GMT)

Changes made to bankruptcy laws
THE Federal Government has announced legislative changes that will allow bankruptcy trustees to recover money from people who make superannuation contributions to deliberately avoid creditors. (Thu, 27 Jul 2006 00:25:17 GMT)

Against odds, bankruptcy filings bottom out
The Federal Reserve has been hiking interest rates at the fastest clip in a generation. Oil prices have soared above $70 a barrel. Such developments usually portend good times for the country's corporate restructuring specialists. (Thu, 27 Jul 2006 11:25:22 GMT)

Robinson rebuked by bankruptcy judge; says he'll enter jail Sunday
BRINKLEY, Ark. Former congressman Tommy Robinson says he'll begin serving a five-day jail sentence this Sunday for his conviction on misdemeanor charges stemming from an altercation with a creditor who was among those who forced Robinson and his wife into involuntary bankruptcy. (Thu, 27 Jul 2006 13:08:28 GMT)

U.S. Bankruptcy Court Approves SGI's Disclosure Statement for Voting Purposes
Silicon Graphics announced today that its Disclosure Statement has been approved by the U.S. Bankruptcy Court for the Southern District of New York thereby enabling the Company to continue on its path toward emerging from chapter 11 by the end of September. (Fri, 28 Jul 2006 03:26:23 GMT)

Bankruptcy trustee sues mortgage lenders
Two weeks ago, a bankruptcy trustee overseeing the liquidation of NJ Affordable Homes sued the company's owner, several attorneys and others accused of a massive fraud that collected about $40 million from investors. (Fri, 28 Jul 2006 06:51:37 GMT)

Ex-WorldCom Executive Settles SEC Lawsuit
A former WorldCom Inc. accountant agreed to pay more than $125,000 to settle a Securities and Exchange Commission lawsuit over his role in the $11-billion fraud that drove the company into bankruptcy. (Fri, 28 Jul 2006 07:25:54 GMT)

WICB: Bankruptcy Reports Exaggerated
The West Indies Cricket Board (WICB) says reports of its state of bankruptcy have been greatly exaggerated. Reacting to a CMC Sports report that it's depending entirely on profits from the 2007 World Cup to stave off bankruptcy, the board said the financial statement cited in the news item includes results of both the WICB and its 100%-owned World Cup subsidiary. (Fri, 28 Jul 2006 17:37:41 GMT)

United emerges from bankruptcy protection
Glenn Tilton, chairman and chief executive officer of United Airlines , will on Thursday symbolically ring the bell at the Nasdaq stock exchange to mark the US carrier’s exit from more than three years of bankruptcy protection. (Fri, 28 Jul 2006 20:09:28 GMT)

Update: "The Source" Bankruptcy Petition Prevents Auction
Plans to auction off shares of The Source Magazine by Textron Financial came to a halt yesterday (July 27) after three creditors filed an involuntary Chapter 7 bankruptcy petition against The Source... Visit SOHH.com for the complete story. (Fri, 28 Jul 2006 20:16:27 GMT)

Ex-WorldCom CEO Ebbers' conviction affirmed
A federal appeals court in New York on Friday affirmed the conviction of former WorldCom Inc. Chief Executive Bernard Ebbers for orchestrating an $11 billion accounting fraud that led to the largest U.S. bankruptcy. (Fri, 28 Jul 2006 20:48:34 GMT)

SGI's disclosure statement gets bankruptcy court OK
Silicon Graphics Inc. said late Thursday that its disclosure statement was approved by the U.S. Bankruptcy Court for the Southern District of New York. (Fri, 28 Jul 2006 21:42:07 GMT)

As US Airways Soars, Parker Eyes More Mergers
CEO mentions "two airlines still in bankruptcy"--but won't say if any talks have occurred. (Fri, 28 Jul 2006 23:00:09 GMT)

Judge: part of new bankruptcy law unconstitutional
Judge: part of new bankruptcy law unconstitutional (Sat, 29 Jul 2006 04:29:38 GMT)

Creditors, customers grill custom-car builder at his first bankruptcy hearing
Roly Leahy traveled nearly 10,000 miles, from Helensvale Australia, to attend a court hearing in Lincoln County Thursday. Leahy came to North Platte to get the $36,000 he gave to Scott Pearson for a custom-built Mustang back. He attended Pearson’s bankruptcy hearing in U.S. District Court. (Sat, 29 Jul 2006 09:08:39 GMT)

Judge rules part of new bankruptcy law unconstitutional
Washington - A federal judge in Dallas has ruled that a provision of the new bankruptcy law enacted by Congress last year is unconstitutional. (Sat, 29 Jul 2006 19:26:53 GMT)

Yukos, Russia's once-mighty oil giant, faces bankruptcy order
A court ruling expected Tuesday on bankruptcy for Yukos could seal the end of Russia's former top oil producer after an unprecedented judicial campaign, as state energy giants prepare to swoop on the company's assets. (Sun, 30 Jul 2006 04:17:41 GMT)

Yukos, Russia's once-mighty oil giant, faces bankruptcy order
The headquarters of the oil giant Yukos in Moscow. A court ruling expected Tuesday on bankruptcy for Yukos could seal the end of Russia's former top oil producer after an unprecedented judicial campaign, as state energy giants prepare to swoop on the company's assets (Sun, 30 Jul 2006 04:48:29 GMT)

Bankruptcies rising?: Bankruptcy storm may be brewing
The true financial fallout from Hurricane Katrina may be looming just over the horizon and it is waiting to swallow increased numbers of businesses and people, a recent study suggests. (Sun, 30 Jul 2006 08:13:24 GMT)

Record Numbers Filing for Bankruptcy
Reportedly, Korea has seen the largest expansion of people listed in bankruptcy in the first half of 2006, which is from January to June. Low income problems and unemployment issues are not getting better while interest rates and prices are increasing. (Sun, 30 Jul 2006 18:08:45 GMT)

Airlines in bankruptcy become merger targets
The surprising early success of US Airways Group has led to some behind-the-scenes talks among investors and airline executives that could lead to more industry consolidation in the months ahead. (Sun, 30 Jul 2006 22:45:53 GMT)

Hotelier sees financing as road out of bankruptcy
André Tatibouet expects to finalize a reorganization plan within the next month that could allow him to emerge from bankruptcy by year's end. (Mon, 31 Jul 2006 04:17:24 GMT)

Bankruptcy filings
These bankruptcies were filed July 21-24 in U.S. District Court, Indianapolis, for the Southern District of Indiana. D-debt; A-assets. (Mon, 31 Jul 2006 06:47:58 GMT)

Bankruptcies
Recent filings in U.S. Bankruptcy Court for the Southern District of Florida. Elite Shipping, PO Box 173006, Hialeah. Chapter 7. Joel M. Aresty, 305-899-9876. (Mon, 31 Jul 2006 07:06:33 GMT)

Yukos, Russia’s once-mighty giant, faces bankruptcy order
MOSCOW: A court ruling expected tomorrow on bankruptcy for Yukos could seal the end of Russia’s former top oil producer after an unprecedented judicial campaign, as state energy giants prepare to swoop on the company’s assets. (Mon, 31 Jul 2006 10:02:34 GMT)

Receptor BioLogix buys cancer drug at bankruptcy sale
Receptor BioLogix Inc. said Monday it bought a late-stage cancer drug at a bankruptcy sale. (Mon, 31 Jul 2006 19:36:32 GMT)


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