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Home > Bankruptcy News

Bankruptcy News Sep 2006

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SOEs lose last shelter with new bankruptcy laws
Policy-arranged bankruptcy has been the last shelter for China's State-owned enterprises (SOEs). (Fri, 01 Sep 2006 02:01:35 GMT)

Bankruptcy court approves Oneida Ltd. reorganization plan
ONEIDA, N.Y. Oneida Limited, once the world's pre-eminent maker of stainless steel flatware, will emerge from bankruptcy court protection next month as a privately held company following approval of its reorganization plan by a federal judge today. (Fri, 01 Sep 2006 05:16:31 GMT)

Bankruptcy fails to damage PRK7's value
From Poland A.M. Transport construction specialist PRK7 will soon be sold after its owner PRInz declared bankruptcy last year. (Fri, 01 Sep 2006 05:59:31 GMT)

Brave new world for nonprofit in bankruptcy
Lately, my arts beat has resembled that of a business reporter. I've been following the efforts of Kaatsbaan International Dance Center to stave off foreclosure and reported that the Beacon Cultural Foundation filed for bankruptcy under Chapter 11. (Fri, 01 Sep 2006 07:15:44 GMT)

Grandeye's CEO Restates Its Claims on the Key IPIX Patents to be Auctioned by the Bankruptcy Court
Grandeye, Ltd. (http://www.grandeye.com/), the dominant player in the 360 degree surveillance camera market, restated its ownership claims to the key IPIX patents which are to be auctioned by the U.S. Bankruptcy Court for the Eastern District of Virginia. (Fri, 01 Sep 2006 21:39:31 GMT)

David Sirota: GOP's Bankruptcy Vote Comes Back to Haunt U.S. Troops
Back in 2005, when the credit card industry lobbyists were corralling republican and Democratic lawmakers to vote for the corporate-written Bankruptcy Bill, a bunch of Democratic lawmakers viciously attacked me when I exposed them for selling out. Now a little-noticed story exposes just how disgusting that bill really was - and how Congress's specific votes on the bill have hurt our troops (Sat, 02 Sep 2006 16:08:59 GMT)

Briefs: Bankruptcy filings fall 9% to 5-year low
Bankruptcy filings fell more than 9 percent in the past year and reached the lowest level in about five years, according to data released last week by the Administrative Office of the U.S. Courts. (Sun, 03 Sep 2006 08:25:26 GMT)

Bankruptcies
Recent voluntary petitions filed in the Western District of New York U.S. Bankruptcy Court in Rochester. (Sun, 03 Sep 2006 08:55:08 GMT)

Questions, answers about bankruptcy, backtesting
Here are some of the more interesting questions that you've sent me recently. Q: What happens to my shares if I own stock in a company that files for bankruptcy? A: Most often, a company files for bankruptcy when its debts exceed its... (Sun, 03 Sep 2006 10:52:05 GMT)

Bankruptcy judge delays sale of Trinity Staffing assets
Trinity Staffing Group will not exit bankruptcy through the sale of its assets -- at least for now. (Mon, 04 Sep 2006 04:33:04 GMT)

Kwik Sak assets fetch $18.2M through bankruptcy auction
A company that took on a promissory note on 28 Nashville-area Kwik Sak stores has bought the rest of the company at auction for a combined $18.2 million. (Mon, 04 Sep 2006 04:33:14 GMT)

Bankruptcy stalls SoHo condo project on South Fifth Street
Steven Small, the former chief financial officer for the old Bank of Louisville, had grand visions for the property on South Fifth Street that once housed one of his favorite local restaurants, Cunningham's. (Mon, 04 Sep 2006 04:33:24 GMT)

Home buyout company hits a wall
A Worthington real estate company known for its "cash in a flash" advertisements that are aimed at home sellers has filed for Chapter 11 bankruptcy protection. (Mon, 04 Sep 2006 04:33:34 GMT)

Los Angeles-based KCC opens Memphis office to handle documents in bankruptcy claims
Kurtzman Carson Consultants LLC, a bankruptcy claims administrator, has opened a Memphis office to handle clerical/document production functions for the Los Angeles-based firm's growing bankruptcy practice. (Mon, 04 Sep 2006 04:34:25 GMT)

Bankruptcies
The kind of bankruptcy filing is Chapter 7 under federal bankruptcy laws, except where noted. This filing usually leads to liquidation of assets. Personal bankruptcies are listed only in cases where liabilities are more than $50,000, but all business bankruptcies are included in this listing. (Mon, 04 Sep 2006 10:07:49 GMT)

Who will benefit from Tele-PERN's bankruptcy?
From Poland A.M. Tele-PERN is a strategic company, which operates one of the longest fiber optic cable networks in Poland laid along the pipeline of its parent company PERN, but due to being involved in numerous judicial conflicts it is close to bankruptcy. (Tue, 05 Sep 2006 05:29:12 GMT)

U.S. Opposes Bankruptcy Bonus Plan
The Justice Department is opposing a proposed pay system for top executives of the Dana Corporation, which is in bankruptcy protection. (Tue, 05 Sep 2006 06:01:10 GMT)

Executives' pay is challenged in bankruptcy
The Justice Department has joined with unions and creditors of the Dana Corp., an auto parts company in bankruptcy protection, to oppose a proposed pay system for top company executives. The move sets the stage for what could become the first major test of a provision in the new bankruptcy law aimed at curbing large retention bonuses for top management. (Tue, 05 Sep 2006 06:03:57 GMT)

New Bankruptcy Law Office Opens in Long Island to Help Residents Eliminate Debt
Bankruptcy firm, Macey & Aleman, opens new law office in Long Island New York. (PRWEB Sep 5, 2006) Trackback URI: http://www.prweb.com/dingpr.php/ (Tue, 05 Sep 2006 07:27:50 GMT)

Court starts dealing with case of bankruptcy judge Berka
Tabor- The Tabor Regional Court today started to hear the case of bankruptcy judge Jiri Berka from Usti nad Labem, north Bohemia, in which Berka and another nine people have been charged with organising fraudulent bankruptcy proceedings of several companies. (Tue, 05 Sep 2006 10:25:03 GMT)

Dana pay plan may bring test of exec retention bonuses
The Justice Department has joined with unions and creditors of Dana Corp., an auto parts company in bankruptcy protection, in opposing a pay proposal for top executives. The move sets the stage for what could become the first major test of a new provision in the bankruptcy law aimed at curbing large retention bonuses for top management. (Tue, 05 Sep 2006 10:29:52 GMT)

Update: Bankruptcy Judge Orders All Lawsuits Against Suge Knight Filed By October
A Los Angeles bankruptcy judge recently ordered that all claims against Marion "Suge" Knight must be filed with the bankruptcy court by October 31, 2006. Visit SOHH.com for the complete story. (Tue, 05 Sep 2006 21:20:07 GMT)

Court approves Three-Five bankruptcy plan
Three-Five Systems Inc., one of the nation's top stocks in the 1990s, has received approval for its Chapter 11 bankruptcy reorganization plan. (Tue, 05 Sep 2006 23:37:14 GMT)

Three-Five Systems Plan Confirmed, Exits Bankruptcy
Three-Five Systems, Inc. ('TFSIQ') has received approval of its Plan of Reorganization from the bankruptcy court overseeing its Chapter 11 proceeding in Phoenix, Arizona. The bankruptcy court entered the Order confirming the Company's Plan on August 30, 2006, and also approved a comprehensive Settlement Agreement between the Company, its subsidiary TFS Electronic Manufacturing Systems, Inc. (Wed, 06 Sep 2006 01:54:50 GMT)

Bankruptcy fraud might net 10 years
A Chandler man has admitted he fraudulently filed bankruptcy petitions on behalf of people who had no knowledge he was doing so. (Wed, 06 Sep 2006 02:07:44 GMT)

Court starts dealing with case of bankruptcy judge Berka
Tabor, South Bohemia, Sept 5 (CTK) - The Tabor Regional Court on Tuesday started hearings in the case of bankruptcy judge Jiri Berka from Usti nad Labem, north Bohemia, in which Berka and another nine people are charged with organising the fraudulent bankruptcy proceedings of several companies. (Wed, 06 Sep 2006 06:10:18 GMT)

Simple Bankruptcy Recovery Plan Makes Home Buying Dreams Come True
New book spells out five of the most critical items a bank's underwriters looks for in post-bankruptcy mortgage applicants. (PRWEB Sep 6, 2006) Trackback URI: http://www.prweb.com/zingpr.php/ (Wed, 06 Sep 2006 07:17:20 GMT)

Additional holder's bankruptcy could cancel credit card
Question: I got my friend a credit card, as an additional card holder on my account. He may file for bankruptcy. He doesn't owe me anything. Will the credit card company cancel the card because of his bankruptcy? Or will they just remove his name from my account? (Wed, 06 Sep 2006 07:17:56 GMT)

Russian TV, radio broadcasting network on verge of bankruptcy - minister
MOSCOW. Sept 6 (Interfax) - The Russian TV and Radio Broadcasting Network is on the verge of bankruptcy, Russian Culture and Mass Communications Minister Alexander Sokolov has said. (Wed, 06 Sep 2006 10:18:26 GMT)

Russia TV, radio broadcasting service faces bankruptcy-minister
MOSCOW, September 6 (RIA Novosti) - The Russian Television and Radio Broadcasting Service (RTRS) is on the verge of bankruptcy, the culture minister said Wednesday. (Wed, 06 Sep 2006 11:16:59 GMT)

Minister Says Russian Broadcasting Network on Verge of Bankruptcy
Text of report by Russian Ekho Moskvy radio on 6 September The Russian Television and Radio Broadcasting Network [RTRS] is on the verge of bankruptcy. Culture Minister Aleksandr Sokolov made this worrying statement in the State Duma today. (Wed, 06 Sep 2006 18:22:39 GMT)

Lee County Auditor declares bankruptcy to clear $60,000-plus in credit card debt
Lee County Auditor Anne Pedersen joined a growing list of U.S. residents last year when she filed Chapter 13 bankruptcy. Pedersen had racked up more than $60,000 in credit card debt. She filed in U.S. Bankruptcy Court in Davenport in July 2005. (Wed, 06 Sep 2006 19:34:18 GMT)

Bankruptcy Court Reviewing Records Of Models' Employer
A bankruptcy court is trying to determine what assets it can claim from a woman whose former modeling employees accuse her of not paying them. (Thu, 07 Sep 2006 02:00:22 GMT)

Bankruptcy Judge Threatens $10M in Sanctions for Latham, Client
A U.S. bankruptcy court judge is threatening to sanction Latham & Watkins and one of its clients $10 million. (Thu, 07 Sep 2006 04:09:32 GMT)

Bankruptcy Judge Threatens $10M in Sanctions for Latham, Client
A U.S. bankruptcy court judge is threatening to sanction Latham & Watkins and one of its clients $10 million. Judge Brett Dorian has issued an order to show cause asking why he shouldn't sanction magazine publisher Entrepreneur Media Inc. and its lawyers for their conduct in a long-running battle stemming from a trademark dispute. (Thu, 07 Sep 2006 06:56:31 GMT)

Judge dismisses bankruptcy petition
WORCESTER - A federal bankruptcy court judge yesterday dismissed a Chapter 11 bankruptcy petition filed by Nicholas J. Fiorillo's company, removing hurdles that had blocked foreclosure proceedings on two pieces of property owned by the company. (Thu, 07 Sep 2006 08:37:59 GMT)

Parent of Shreve's seeks bankruptcy court protection
The parent company of Shreve, Crump & Low, the famed Boston jeweler that traces its roots back to a 1796 store across the street from Paul Revere's silversmith shop, filed yesterday for bankruptcy-court protection. (Thu, 07 Sep 2006 09:08:45 GMT)

Bankruptcy Judge Denies Compensation for Dana Executives
NEW YORK(AP) - A federal bankruptcy court judge denied a motion Tuesday by auto parts maker Dana Corp. to put in place a compensation plan for its top six executives. Judge Burton Lifland said portions of the proposed plan would violate a new bankruptcy law governing retention bonuses. (Thu, 07 Sep 2006 11:55:58 GMT)

Bankruptcy filings hit year-to-date high
Bankruptcy filings in Phoenix and Arizona hit their highest level so far this year in August. (Thu, 07 Sep 2006 18:48:16 GMT)

Kunz's restaurant files for Chapter 11 bankruptcy protection
The owners of Kunz's Fourth and Market Restaurant, which traces its lineage in Louisville to at least 1928, have filed for Chapter 11 bankruptcy protection. The restaurant, at 115 S. Fourth St., owes $90,000 to the State Fair Board, according to documents filed Aug. 29 in U.S. Bankruptcy Court. It also owes $93,230 to the state treasurer and $143,383 to Sysco Food Services of Louisville. (Thu, 07 Sep 2006 20:47:18 GMT)

Roses and thorns for corporate test of bankruptcy law
ROSES to a federal bankruptcy judge who rejected a compensation plan for six top executives of Dana Corp. in a test of a new bankruptcy law designed to prevent companies from paying big bonuses to keep senior managers on board while rank-and-file workers see their benefits or their jobs cut. (Fri, 08 Sep 2006 05:03:00 GMT)

Bankruptcy reform act adding insult to the injured
The bankruptcy reform act that took effect on Oct. 17, 2005, has had consequences for people suffering from an injury or illness that has sent them into debt. (Fri, 08 Sep 2006 06:12:27 GMT)

Will bankruptcy ruling limit Utah tithe-payers?
A New York federal judge has ruled that some people going through bankruptcy may not make charitable or religious contributions. (Fri, 08 Sep 2006 06:15:42 GMT)

Utah bankruptcy filings drop 76#x25 over 2005
There were 495 bankruptcy filings in August in the U.S. Bankruptcy Court for the District of Utah, compared to 1,766 filings in August 2005. (Fri, 08 Sep 2006 06:22:17 GMT)

Bankruptcy Overseer Had Busy Tenure, Even in Good Times
As the Justice Department?s appointee overseeing bankruptcy cases, Deirdre A. Martini was at the center of the upside-down world of bankruptcy, where business hums when the economy stalls. (Fri, 08 Sep 2006 06:40:13 GMT)

Kunz's restaurant files bankruptcy
The owners of Kunz's Fourth & Market Restaurant, a fourth-generation Louisville business founded 114 years ago, have filed for Chapter 11 bankruptcy. (Fri, 08 Sep 2006 09:50:16 GMT)

Yamaha buys rights to Rogers Drum Co. at bankruptcy auction
Yamaha Corp. of America in Buena Park said Thursday that it purchased the rights to the legendary Rogers Drum Co. at the bankruptcy auction of Brook Mays Music Co. (Fri, 08 Sep 2006 10:14:35 GMT)

Bankruptcy filings on rise in spite of new restrictions
Even though bankruptcy filings dropped off significantly after the new Bankruptcy Act passed last year, local and national statistics show filings may start to rise again. (Fri, 08 Sep 2006 17:06:45 GMT)

Scarlet's Casino Files for Bankruptcy
CENTRAL CITY, Colorado – As reported by the Rocky Mountain News: "A Central City casino that had already filed for bankruptcy shut its doors this week after a new parkway to the gaming town failed to bring an expected increase in business. (Fri, 08 Sep 2006 18:44:37 GMT)

Yamaha buys rights to Rogers Drum Co. at bankruptcy auction
Yamaha Corp. of America in Buena Park said Thursday that it purchased the rights to the legendary Rogers Drum Co. at the bankruptcy auction of Brook Mays Music Co. (Fri, 08 Sep 2006 19:23:00 GMT)

Creditors lose bid to dismiss Cornell bankruptcy
Published: Saturday, September 9, 2006 The bankruptcy of Cornell Trading Inc., the company which ran the April Cornell retail stores, continues. U.S. Bankruptcy Court in Boston denied a motion to dismiss the Chapter 11 bankruptcy case on Thursday. (Sat, 09 Sep 2006 08:21:18 GMT)

Bankruptcy Judge Denies Compensation for Dana Executives
NEW YORK(AP) - A federal bankruptcy court judge denied a motion Tuesday by auto parts maker Dana Corp. to put in place a compensation plan for its top six executives. Judge Burton Lifland said portions of the proposed plan would violate a new bankruptcy law governing retention bonuses. (Sat, 09 Sep 2006 18:35:15 GMT)

John Cardwell's firm may turn properties over to James Randall's company, escape bankruptcy
DECATUR - The sides involved in a dispute over the ownership of the Decatur Conference Center and Hotel reached a tentative agreement Friday that is expected to keep the hotel in operation. (Sun, 10 Sep 2006 05:16:56 GMT)

Ailing OCA may get some debt relief in bankruptcy
OCA Inc., the Metairie company that manages orthodontic practices, could finalize a plan this week that would set the company up to emerge from bankruptcy as a private entity with significantly less debt. (Sun, 10 Sep 2006 08:19:52 GMT)

Accounting for capitalism after Enron
Enron is the scandal that keeps on burning. It is nearly five years since the energy trader's bankruptcy destroyed thousands of jobs and billions of dollars of wealth. Yet its searing effects are as clear as ever. (Sun, 10 Sep 2006 16:20:25 GMT)

Fewer people, businesses going bankrupt this year, says bankruptcy chief
OTTAWA (CP) - A review of economic statistics this week: (Sun, 10 Sep 2006 17:46:00 GMT)

Fewer people, businesses going bankrupt this year, says bankruptcy chief
September 10, 2006 - 1:46 p.m. In the first seven months of this year 46,778 consumers went broke compared with 50,016 in 2005. And 4,140 businesses declared bankruptcy in the first seven months, compared with 4,660 in the same period last year. (Sun, 10 Sep 2006 18:05:57 GMT)

Bankruptcy Judge Denies Compensation for Dana Executives
NEW YORK(AP) - A federal bankruptcy court judge denied a motion Tuesday by auto parts maker Dana Corp. to put in place a compensation plan for its top six executives. Judge Burton Lifland said portions of the proposed plan would violate a new bankruptcy law governing retention bonuses. (Sun, 10 Sep 2006 18:35:28 GMT)

Bankruptcy filings down 70 percent from last year
Bankruptcy filings in eastern Missouri have been down by about 70 percent since new federal bankruptcy regulations went into effect last fall, according to Diana August, chief deputy clerk of the U.S. Bankruptcy Court for the Eastern District of Missouri. (Mon, 11 Sep 2006 04:46:43 GMT)

Bankruptcies
The kind of bankruptcy filing is Chapter 7 under federal bankruptcy laws, except where noted. This filing usually leads to liquidation of assets. Personal bankruptcies are listed only in cases where liabilities are more than $50,000, but all business bankruptcies are included in this listing. (Mon, 11 Sep 2006 11:21:21 GMT)

Debt Management 2006
When your credit rating is in a deep hole it's tough to get a good foothold. Like most big, bad scary things, bankruptcy has a reputation based on a few tidbits of truth and lots of embellishment. It's not nearly as frightening once you know the truth. (Mon, 11 Sep 2006 11:35:38 GMT)

Refco wins more time for bankruptcy plan
NEW YORK, Sept 11 (Reuters) - A U.S. judge extended bankrupt brokerage Refco Inc.'s exclusive right to file a reorganization plan through Oct. 5, as parties prepare for a key hearing Tuesday on the status of a possible broader settlement with creditors. (Mon, 11 Sep 2006 17:26:02 GMT)

Bankruptcy Judge Denies Compensation for Dana Executives
NEW YORK(AP) - A federal bankruptcy court judge denied a motion Tuesday by auto parts maker Dana Corp. to put in place a compensation plan for its top six executives. Judge Burton Lifland said portions of the proposed plan would violate a new bankruptcy law governing retention bonuses. (Tue, 12 Sep 2006 02:19:32 GMT)

Fargo Bondholders Seek to Force It Into Bankruptcy (Update1)
Sept. 11 (Bloomberg) -- Creditors of Compania de Alimentos Fargo SA went to court to try to force Argentina's largest bread- maker into bankruptcy for failing to repay its debt. (Tue, 12 Sep 2006 04:36:20 GMT)

Dana sells trailer-axle plants to Boler
Dana Corp., a bankrupt auto-parts maker, agreed to sell trailer-axle plants in the United States, Canada and China to a unit of Boler Co. for $38 million in cash to cut costs and help exit bankruptcy protection. (Tue, 12 Sep 2006 05:57:55 GMT)

Belle Meade Cafeteria files for Chapter 11
A filing for bankruptcy protection by Belle Meade Buffet Cafeteria is aimed at reducing payments on the legendary Nashville restaurant's debt to a level the owner can afford, its attorney said Monday. (Tue, 12 Sep 2006 07:16:02 GMT)

Getting your first post-bankruptcy car loan
Plenty of lenders will want to offer you money at outrageous rates, says the Bankruptcy Adviser, but good deals are available if you look hard enough. (Tue, 12 Sep 2006 10:00:00 GMT)

Spoons due to become sports grills
The change is part of a bankruptcy reorganization plan by chain's Irvine parent company. (Tue, 12 Sep 2006 10:21:51 GMT)

Getting your first post-bankruptcy car loan
Dear Bankruptcy Adviser, My wife and I filed chapter 7 in 2005. We kept our home. We have a first and second mortgage on it. Our car, a 2001 Ford Taurus, has 152,000 miles on it and is starting to have a few problems. (Tue, 12 Sep 2006 11:38:26 GMT)

Cypress Gardens files for bankruptcy, will remain open
Cypress Gardens Adventure Park LLC, the Valdosta, Ga. owner of Cypress Gardens in Winter Haven, filed for Chapter 11 bankruptcy protection Monday. (Tue, 12 Sep 2006 18:38:10 GMT)

Bankruptcy for Hurricane Ravaged Park
Cypress Gardens, the 70-year-old theme park saved from the wrecking ball two years ago, has filed for Chapter 11 bankruptcy protection, citing $25 million in debts incurred after it was hit by three hurricanes in 2004. (Tue, 12 Sep 2006 19:44:00 GMT)

Bankruptcy for Hurricane Ravaged Park
(AP) TAMPA, Fla. Cypress Gardens, the 70-year-old theme park saved from the wrecking ball two years ago, has filed for Chapter 11 bankruptcy protection, citing $25 million in debts incurred after it was hit by three hurricanes in 2004. (Tue, 12 Sep 2006 19:49:18 GMT)

Cypress Gardens files for Chapter 11 bankruptcy protection
TAMPA, Fla. - Cypress Gardens, the 70-year-old theme park saved from the wrecking ball two years ago, has filed for Chapter 11 bankruptcy protection, citing $25 million in debts incurred after it was... (Tue, 12 Sep 2006 20:51:45 GMT)

Cypress Garden Files For Bankruptcy Protection
TAMPA, Fla. -- Cypress Gardens, the 70-year-old central Florida theme park saved from the wrecking ball two years ago, has filed for Chapter 11 bankruptcy protection, citing debts incurred after it was hit by three hurricanes in 2004. (Tue, 12 Sep 2006 20:58:10 GMT)

LCD panel maker BOE Hydis files for bankruptcy, report says
LCD panel maker BOE Hydis Technology filed for bankruptcy at a local Korean court on September 11 due to losses caused by unsuccessful investments and loss of technical workforce, according to the Korean-language Digital Times. (Wed, 13 Sep 2006 04:39:38 GMT)

Act looks for ways to avoid bankruptcy
DAYTONA BEACH -- The new interim director of the area's main mental health agency is hopeful it can avoid bankruptcy, but said it will require more staff reductions. (Wed, 13 Sep 2006 06:31:42 GMT)

Belles face bankruptcy at Cypress Gardens
Cypress Gardens, the 70-year-old Central Florida theme park saved from the wrecking ball two years ago, has filed for Chapter 11 bankruptcy protection, citing debts incurred after it was hit by hurricanes in 2004. (Wed, 13 Sep 2006 07:12:37 GMT)

RCN Considers Sale After Emerging From Bankruptcy (Update1)
Sept. 13 (Bloomberg) -- RCN Corp., a U.S. cable-television provider that emerged from bankruptcy two years ago, may put itself up for sale, two people with knowledge of the plans said. (Wed, 13 Sep 2006 08:32:40 GMT)

RCN Considers Sale After Emerging From Bankruptcy (Update4)
Sept. 13 (Bloomberg) -- RCN Corp., a U.S. cable-television provider that emerged from bankruptcy two years ago, may put itself up for sale, two people with knowledge of the plans said. (Wed, 13 Sep 2006 16:48:10 GMT)

RCN considers sale after emerging from bankruptcy
RCN Corp., a U.S. cable-television provider that emerged from bankruptcy two years ago, may put itself up for sale, two people with knowledge of the plans said. (Wed, 13 Sep 2006 17:59:52 GMT)

Report: Air America to declare bankruptcy
The left-leaning talk network Air America Radio will announce a major restructuring Friday that is expected to including a bankruptcy filing, according to the website ThinkProgress.org. (Wed, 13 Sep 2006 19:29:00 GMT)

RCN Considers Sale After Emerging From Bankruptcy (Update5)
Sept. 13 (Bloomberg) -- RCN Corp., a U.S. cable-television provider that emerged from bankruptcy two years ago, may put itself up for sale, two people with knowledge of the plans said. Its shares rose 8.3 percent, the most in almost two years. (Wed, 13 Sep 2006 21:17:50 GMT)

Cypress Gardens files for bankruptcy
TAMPA - Cypress Gardens, the 70-year-old central Florida theme park saved from the wrecking ball two years ago, has filed for Chapter 11 bankruptcy protection, citing debts incurred after it was hit by three hurricanes in 2004. (Thu, 14 Sep 2006 04:16:01 GMT)

San Pablo Hospital Files for Bankruptcy
Posted September 14, 2006 at 12:10 a.m. SAN PABLO (KRON) -- A financial crisis at Doctor's Medical Center in San Pablo means the board will file for Chapter 9 bankruptcy protection. (Thu, 14 Sep 2006 07:09:30 GMT)

Air America Radio to Declare Bankruptcy?
YES! According to Thinkprogress.org: "Air America Radio will announce a major restructuring on Friday, which is expected to include a bankruptcy filing...Sources say five Air America employees were laid off yesterday... (Thu, 14 Sep 2006 07:37:35 GMT)

Delta, one year after bankruptcy: Leaner, meaner & more global
Filing for bankruptcy: On Sept. 14, 2005, the company announces it needs Chapter 11 protection. Settling with pilots: On Dec. 11, 2005, Delta reaches a deal with its pilots to cut their wages. In the black: On July 29, the company says it has turned its first monthly profit since filing. "It makes me sick to my stomach that a company that I would have done almost anything for has (Thu, 14 Sep 2006 07:41:37 GMT)

Bankruptcy judge OKs Mesaba financing plan
A Minneapolis bankruptcy judge on Wednesday approved Mesaba Airlines' debtor-in-possession plan that will give the bankrupt airline access to a $24 million loan from Marathon Asset Management of New York. The loan will be used for working capital and other general corporate purposes, said a bankruptcy court filing. Access to the funds is contingent on lower labor costs reached either through (Thu, 14 Sep 2006 08:14:53 GMT)

Doctors heads for bankruptcy
The board of Doctors Medical Center San Pablo/Pinole voted unanimously Wednesday to take the hospital into bankruptcy as a last resort to keep it open. (Thu, 14 Sep 2006 10:35:01 GMT)

Dura Shares Drop on Bankruptcy Prediction
Shares of Dura Automotive Systems Inc. tumbled to a new 52-week low Thursday, after an analyst said that a bankruptcy filing by the auto supplier is upcoming and that the bankruptcy process will take longer than expected. (Thu, 14 Sep 2006 16:24:43 GMT)

Air America: no plans for bankruptcy
Financially strapped Air America Radio, after star commentator Al Franken said his paycheck had stopped coming, acknowledged Thursday that it had laid off a few employees but insisted it has no plans to declare bankruptcy. (Thu, 14 Sep 2006 17:11:25 GMT)

Kessler files for bankruptcy protection
HAMMONTON - William B. Kessler Memorial Hospital is filing a voluntary petition for financial reorganization under federal bankruptcy laws, hospital officials announced today. (Fri, 15 Sep 2006 02:06:52 GMT)

Cypress Gardens Park Files For Bankruptcy Protection
Winter Haven, FL - Cypress Gardens Adventure Park has filed for Chapter 11 bankruptcy protection due to debts incurred after the theme park was hit by three hurricanes in 2004. According to the filing the park racked up $25 million in debt from the three hurricanes. (Fri, 15 Sep 2006 04:46:06 GMT)

Aerobox shares suspended as operating unit files for bankruptcy in US UPDATE
LONDON (AFX) - Troubled air cargo container maker AeroBox plc had its shares suspended from trading this morning as the group said it had been advised that its main subsidiary, AeroBox Composite Structures (\"ACS\"), should seek court protection by filing for bankruptcy in the United States under the procedure know as a Chapter 11. (Fri, 15 Sep 2006 06:50:35 GMT)

Kessler Hospital to file for Chapter 11 bankruptcy
Just days after a proposed arrangement with South Jersey Healthcare fell through, Kessler Hospital will file for Chapter 11 bankruptcy. (Fri, 15 Sep 2006 07:22:00 GMT)

Chapter 7 Bankruptcy Petitioners to Face Greater Obstacles in Some States on October 1
New median income figures taking effect on October 1 may exclude some people currently eligible for Chapter 7 bankruptcy. Those filing for Chapter 7 bankruptcy must qualify under the Chapter 7 “means test”, a test that begins by comparing the petitioner’s income to the median income for his state and family size. The median income for at least one family size has declined in 39 states, making it (Fri, 15 Sep 2006 07:50:12 GMT)

Aerobox seeks bankruptcy protection
Air cargo container firm Aerobox has suspended its shares and is putting its operating subsidiary into bankruptcy protection it said today. (Fri, 15 Sep 2006 08:50:28 GMT)

Tithing and bankruptcy
A federal judge in New York has determined that credit card companies have a greater claim on debtors than God. Judge Robert Littlefield Jr. ruled that the new federal bankruptcy law allowed him to reject a couple's Chapter 13 repayment plan that included a $100 monthly charitable contribution as part of the family's expenses. (Fri, 15 Sep 2006 09:55:43 GMT)

Can bankruptcy help you?
Sometimes the only way to solve your financial problems is bankruptcy. Here's how to determine if you've reached the final option. (Fri, 15 Sep 2006 10:00:00 GMT)

Kessler Hospital filing for bankruptcy
HAMMONTON -- Just days after a proposed affiliation arrangement with South Jersey Healthcare fell through, Kessler Hospital will file for Chapter 11 bankruptcy. (Fri, 15 Sep 2006 10:16:01 GMT)

Air America Lays Off Employees, Not Filing Bankruptcy
NEW YORK -- Financially strapped Air America Radio has acknowledged laying off a few employees, but insists it has no plans to declare bankruptcy. Star commentator Al Franken has said his paychecks from the liberal talk show network stopped coming. (Fri, 15 Sep 2006 13:41:52 GMT)

Air America Lays Off Employees, Not Filing Bankruptcy
Financially strapped Air America acknowledges laying off a few employees, but the liberal radio network says it has no plans to declare bankruptcy. (Fri, 15 Sep 2006 13:44:00 GMT)

Liberal Radio Network Dismisses Bankruptcy Rumors
Despite an employee layoff, Al Franken insists the liberal radio network Air America is not filing for bankruptcy. (Fri, 15 Sep 2006 13:45:30 GMT)

One year later, Delta and NWA look for bankruptcy exit
It was one year ago today that both Delta and Northwest filed for Chapter 11 bankruptcy protection, and Reuters writes that both “are still hacking away at costs and searching for the means to exit bankruptcy.” Both carriers have spent... (Fri, 15 Sep 2006 14:47:57 GMT)

Dreier Acquires Bankruptcy Boutique Traub Bonacquist
New York's Dreier has acquired well-known bankruptcy boutique Traub, Bonacquist & Fox. The eight-lawyer firm led by Paul Traub has participated in several of the largest bankruptcies of the past several years, especially in the retail sector. (Sat, 16 Sep 2006 04:09:23 GMT)

Air America refutes bankruptcy rumor
With Air America, the liberal talk radio network, rumors become news all too quickly. The latest flurry of unwanted attention began with a report on the Think Progress Web site Wednesday that the network was set to declare bankruptcy -- and that the network was cutting Jerry Springer loose. (Sat, 16 Sep 2006 04:30:22 GMT)

College's bankruptcy leaves students with debt but no degree
Working as a security guard isn't where Christine Hogan planned to be. A year ago, Hogan, of St. Joseph, Mo., was within two weeks of obtaining an associate's degree from Decker College that would have enabled her to become an electrician. (Sun, 17 Sep 2006 07:09:33 GMT)

Notebaert quest for better service lifts spirits, stock
Four years ago, when Denver-based Qwest Communications International Inc. sought a miracle worker to save it from accounting fraud investigations and the specter of bankruptcy, it turned to Richard C. "Dick" Notebaert. (Sun, 17 Sep 2006 11:00:45 GMT)

Ambulance service on verge of bankruptcy
McALLEN - An ambulance service with contracts in Edinburg and rural Hidalgo County is at the brink of financial collapse because the federal government is not reimbursing its Medicare claims, officials say.... (Sun, 17 Sep 2006 11:57:02 GMT)

Delphi bankruptcy court hearings postponed
New York - Delphi says bankruptcy court hearings to determine whether it can reject its labor agreements and certain supply contracts with General Motors have been postponed. (Sun, 17 Sep 2006 20:51:37 GMT)

Design diva falls into bankruptcy
Jocelyn White's multimedia businesses, which capitalize on Dallas' taste for high-end homes and decor, have filed for bankruptcy. (Mon, 18 Sep 2006 04:01:37 GMT)

Bankruptcy filings drop to low levels
Bankruptcy attorneys have absorbed heavy business hits in the 11 months since tough new bankruptcy laws took effect. (Mon, 18 Sep 2006 04:38:44 GMT)

Billings Transportation files for Ch. 7 bankruptcy
Billings Transportation Group Inc., a Davidson County trucking company that effectively shut down in April, has filed for Chapter 7 bankruptcy in the Middle District of North Carolina along with three of its subsidiaries. (Mon, 18 Sep 2006 04:38:55 GMT)

Tougher guidelines usher in big decline in bankruptcy filings
Bankruptcy lawyers in Pittsburgh and across the country probably feel like they're riding a roller coaster when it comes to the state of their industry. (Mon, 18 Sep 2006 04:39:05 GMT)

Dreier Acquires Bankruptcy Boutique Traub Bonacquist
New York's Dreier law firm has acquired well-known bankruptcy boutique Traub, Bonacquist & Fox, an eight-lawyer firm that has participated in several of the largest bankruptcies of recent years. (Mon, 18 Sep 2006 06:55:53 GMT)

Bankruptcy filings
This bankruptcy was filed Sept. 11 in U.S. District Court, Indianapolis, for the Southern District of Indiana. D-debt; A-assets. (Mon, 18 Sep 2006 07:04:03 GMT)

List of Credits Counseling Agencies Approved Pursuant to the U.S. Bankruptcy Code
All content © Copyright 2000 - 2006 WorldNow and WIVB. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service . (Mon, 18 Sep 2006 07:15:28 GMT)

Delta weathering bankruptcy
One year after filing for bankruptcy protection, Delta Air Lines is a smaller, more worldly airline. (Mon, 18 Sep 2006 09:30:14 GMT)

Judge OKs Owens Corning Bankruptcy Plan
A federal bankruptcy judge on Monday approved Owens Corning's plan for emerging from bankruptcy this fall, more than five years after the building materials maker sought protection from creditors over health claims related to its asbestos products. (Mon, 18 Sep 2006 17:01:13 GMT)

Judge OKs Owens bankruptcy exit plan
A federal bankruptcy judge indicated Monday she approved of Owens Corning's plan for emerging from bankruptcy, more than five years after the building materials maker sought protection from creditors over health claims related to its asbestos products. (Mon, 18 Sep 2006 19:00:27 GMT)

Centrix Financial in bankruptcy
Three creditors have pushed Centrix Financial into bankruptcy, claiming they are owed more than $4.6 million. The companies, which leased equipment, software and other products to the former Grand Prix of Denver sponsor, have not been paid for "a number of months." (Mon, 18 Sep 2006 19:42:02 GMT)

eLinear files bankruptcy papers with court
eLinear Inc. said Monday that it has filed a voluntary petition in the U.S. Bankruptcy Court for the Southern District of Texas seeking to liquidate the company under Chapter 7 of the U.S. Bankruptcy code. (Mon, 18 Sep 2006 21:53:38 GMT)

Steel Parts Corporation Announces Chapter 11 Bankruptcy Filing
DETROIT, Sept. 18 -- Steel Parts Corporation announced today that due to worsening conditions in the automotive supplier marketplace and unsustainable debt, Steel Parts filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the Eastern District of Michigan in Detroit on Friday, September 15, 2006. (Tue, 19 Sep 2006 03:30:21 GMT)

Owens May Soon Exit Bankruptcy
PITTSBURGH — A federal bankruptcy judge indicated Monday that she approved of Owens Corning's plan for emerging from bankruptcy, almost six years after the building materials maker sought protection from creditors over health claims related to its asbestos products. (Tue, 19 Sep 2006 07:20:02 GMT)

Carraway Methodist Health Systems to reorganize in bankruptcy
BIRMINGHAM, Ala. Carraway Methodist Health Systems has filed to reorganize under federal bankruptcy law. (Tue, 19 Sep 2006 09:05:12 GMT)

Delphi's bankruptcy trial delayed
Court proceedings scheduled to begin Monday in Delphi's bankruptcy case were adjourned so the struggling auto parts supplier, its unions and General Motors can continue talks. (Tue, 19 Sep 2006 10:14:33 GMT)

Court of Appeal confirms YUKOS bankruptcy
RBC, 19.09.2006, Moscow 13:16:55. Moscow Arbitration Court of Appeal has refused to satisfy the claim of YUKOS and confirmed the court ruling on the company's bankruptcy. (Tue, 19 Sep 2006 10:43:36 GMT)

Judge favors OC's plan to exit from bankruptcy
PITTSBURGH - After a four-hour hearing yesterday, a bankruptcy court judge signaled that she is ready to sign off on Owens Corning's Chapter 11 exit plan. (Tue, 19 Sep 2006 11:40:47 GMT)

Storehouse owner files bankruptcy
Furniture manufacturer and retailer The Rowe Companies has filed for federal bankruptcy protection because of rising expenses and declining sales. The company, based at McLean in Fairfax County, said operations at its plants and its Storehouse retail stores will continue as usual. (Wed, 20 Sep 2006 01:44:12 GMT)

Centrix files for bankruptcy
Centrix Financial filed for bankruptcy on Tuesday and disclosed that it has cut another roughly 100 jobs in recent weeks. Centennial-based Centrix made the Chapter 11 filing a day after three creditors initiated an involuntary petition (Wed, 20 Sep 2006 04:27:41 GMT)

U.S. Courts Approve SGI's Bankruptcy Reorganization Plan
Server maker Silicon Graphics Inc said yesterday that the U.S. courts that are handling its bankruptcy proceedings have approved the company's plan of organization. By accepting the plan, the courts have given SGI the green light to pay off creditors and stabilize itself so it can eventually emerge from bankruptcy. (Wed, 20 Sep 2006 06:13:51 GMT)

SGI to emerge from bankruptcy next month
SGI, which has over 300 employees in Chippewa Falls, on Tuesday said it is on track to emerge from Chapter 11 bankruptcy in October. The company asked for bankruptcy protection in May. (Wed, 20 Sep 2006 07:13:01 GMT)

Judge Approves Owens Corning's Bankruptcy Plan
PITTSBURGH (AP) - Owens Corning will be able to emerge from bankruptcy this fall. A federal bankruptcy judge approved the move today, more than five years after the building materials maker sought Chapter Eleven protection over health claims related to its asbestos products. (Wed, 20 Sep 2006 07:27:38 GMT)

Hard Rock's parent files bankruptcy
The parent company of Hard Rock Biloxi is trying a new tactic to shake lose its insurance settlements from bondholders - a bankruptcy filing. (Wed, 20 Sep 2006 08:13:22 GMT)

SGI to emerge from bankruptcy cocoon
Like a crippled butterfly SGI is ready to become emergent all over again. A judge has okayed the company's reorganization plan, paving the way for it to come out of bankruptcy protection in October.… (Wed, 20 Sep 2006 08:58:36 GMT)

SGI's bankruptcy plan shifts focus from graphics to business services
And now, from the company that brought you ``Jurassic Park'': business management and professional services. Silicon Graphics, the once high-flying Mountain View computing business, released its reorganization plan Tuesday after approval by a U.S. bankruptcy court. With bankruptcy court Judge Burton Lifland's ruling and favorable votes from its creditors, SGI plans to emerge from Chapter 11 next (Wed, 20 Sep 2006 10:13:25 GMT)

Rowe Files for Bankruptcy Protection
McLean-based furniture maker Rowe Cos. filed for bankruptcy protection yesterday and announced plans to sell Storehouse, the company's home furnishings retail outlet, to focus on its manufacturing business. (Wed, 20 Sep 2006 11:30:04 GMT)

Hard Rock Biloxi's Parent Company Files For Bankruptcy
Hard Rock Biloxi's parent company filed for chapter 11 bankruptcy Tuesday. The company's President Joe Billhimer emphasized Hard Rock has plenty of money to rebuild the hurricane damaged resort, and pay all its vendors. However, its bondholders collected $160 million in insurance proceeds. (Wed, 20 Sep 2006 11:50:38 GMT)

Hard Rock Biloxi Parent Co. Files Bankruptcy
BILOXI, Miss. -- The parent company of Hard Rock Biloxi has filed for bankruptcy. It's a new tactic get its insurance settlements from bondholders. Premier Entertainment Biloxi LLC filed for Chapter 11 reorganization. (Wed, 20 Sep 2006 21:49:32 GMT)

NYRA Says Bankruptcy Could Result if State Bailout is Not Forthcoming
The New York Racing Association on Wednesday said that if the state doesn't release $19 million of the bailout it promised, bankruptcy court action could cost New York ownership of Aqueduct, Belmont and Saratoga racetracks. (Wed, 20 Sep 2006 22:59:47 GMT)

NYRA warns bankruptcy could cost New York its race tracks
The New York Racing Association on Wednesday said that if the state doesn't release $19 million of the bailout it promised, bankruptcy court action could cost New York ownership of Aqueduct, Belmont and Saratoga race tracks. NYRA president and CEO Charlie Hayward said increased revenue and spending cuts mean the private entity that's held the state racing franchise since 1955 needs only $19 (Thu, 21 Sep 2006 00:02:34 GMT)

Delphi Bankruptcy Hearing Postponed
NEW YORK (AP) -- Bankruptcy court hearings to determine whether Delphi can reject its labor agreements and certain supply contracts with G.M. have been postponed. (Thu, 21 Sep 2006 01:29:14 GMT)

Felasco withdraws bankruptcy action
The former treasurer's creditors were notified over the weekend. NEW CASTLE, Pa. — Lawrence County's former treasurer, serving prison time for theft and embezzlement, has dropped his Chapter 13 bankruptcy. (Thu, 21 Sep 2006 04:52:12 GMT)

U.S. Courts Approve SGI's Bankruptcy Reorganization Plan
Server maker Silicon Graphics Inc said yesterday that the U.S. courts that are handling its bankruptcy proceedings have approved the company's plan of organization. By accepting the plan, the courts have given SGI the green light to pay off creditors and stabilize itself so it can eventually emerge from bankruptcy. (Thu, 21 Sep 2006 05:44:46 GMT)

Judge Approves Owens Corning's Bankruptcy Plan
PITTSBURGH (AP) - Owens Corning will be able to emerge from bankruptcy this fall. A federal bankruptcy judge approved the move today, more than five years after the building materials maker sought Chapter Eleven protection over health claims related to its asbestos products. (Thu, 21 Sep 2006 08:31:13 GMT)

Hard Rock Casino Biloxi parent files bankruptcy
The parent company of Hard Rock Hotel & Casino Biloxi filed for bankruptcy Tuesday in Gulfport to access its Katrina-related insurance proceeds and rebuild. (Thu, 21 Sep 2006 10:14:49 GMT)

NYRA warns bankruptcy could cost New York its race tracks
ALBANY, N.Y. The New York Racing Association says that if the state doesn't release 19 (m) million dollars of the bailout it promised, bankruptcy court action could cost New York ownership of Aqueduct, Belmont and Saratoga race tracks. (Thu, 21 Sep 2006 11:58:51 GMT)

One year later, Delta and NWA look for bankruptcy exit
It was one year ago today that both Delta and Northwest filed for Chapter 11 bankruptcy protection, and Reuters writes that both “are still hacking away at costs and searching for the means to exit bankruptcy.” Both carriers have spent... (Thu, 21 Sep 2006 13:17:32 GMT)

Premier Entertainment Files Bankruptcy
BILOXI, Mississippi – As reported by the Mississippi Clarion-Ledger: "The parent company of Hard Rock Hotel & Casino Biloxi filed for bankruptcy Tuesday in Gulfport to access its Katrina-related insurance proceeds and rebuild. (Thu, 21 Sep 2006 17:29:36 GMT)

Daily Bankruptcy Review Ranks Morris Nichols #6 Nationwide and #1 Among Mid-Size and Small Firms
In a study dubbed "the first portrait of the market for bankruptcy counsel," posted recently on the Social Science Research Network web site and reported in the September 12 Daily Bankruptcy Review, a Dow Jones & Company Publication, Wilmington's Morris, Nichols, Arsht & Tunnell LLP was ranked first among mid-size and small law firms for the number of large, public-company bankruptcy cases filed (Thu, 21 Sep 2006 21:14:00 GMT)

East Bay Hospital Remains On Brink Of Bankruptcy
Doctors Medical Center in San Pablo remains on the brink of filing for bankruptcy today as managers scramble to develop a long-term financial plan that will stop the hospital from hemorrhaging money but still allow it to serve low-income west Contra Costa County residents. (Fri, 22 Sep 2006 02:51:34 GMT)

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