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Home > Bankruptcy News

Bankruptcy News Oct 2006

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Bankruptcy hearing for Krispy Kreme franchisee postponed
Bankruptcy proceedings for the Valley's Krispy Kreme franchisee were put on hold Friday to make sure former employees are notified about creditor hearings. (Sun, 01 Oct 2006 03:52:39 GMT)

Bankruptcy in ranks of officials
A township treasurer dodging the tax man. A Flint city councilman $400,000 in debt and saying the Sept. 11 terrorist attacks destroyed his business. They are among 11 elected officials who have filed bankruptcy since 1993, while making budget decisions that affect thousands of area residents. (Sun, 01 Oct 2006 04:18:36 GMT)

Bankruptcy and Personal Debt Levels a Cause for Concern
Debt help organisation The Debt Counsellors say the latest bankruptcy figures and debt statistics show much of the personal debt in the UK is unsustainable and professional help should be sought by those affected. (PRWEB Oct 1, 2006) Trackback URL: http://www.prweb.com/chachingpr. (Sun, 01 Oct 2006 07:09:53 GMT)

Bill would shield tithing from bankruptcy
WASHINGTON - The Senate unanimously approved legislation early Saturday that would allow individuals who have filed for bankruptcy to continue paying religious tithing and some other charitable contri- butions. Co-sponsored by Utah Sen. Orrin Hatch, the bill was in response to a New York bankruptcy judge's ruling in August that tithes to a church were not allowed for an upper-income couple (Sun, 01 Oct 2006 07:23:44 GMT)

The Benefits of Bankruptcy at Kaiser Aluminum
Michelle Leder reported on Footnoted.org: On Thursday, Kaiser Aluminum announced that it had filed a secondary stock offering. The company emerged from bankruptcy in July and investors have been on a bit of a bumpy ride. (Sun, 01 Oct 2006 08:13:16 GMT)

More Seniors Filing for Bankruptcy
The percentage of those older than 60 who filed for personal bankruptcy, one of systems designed to save indebted individuals, to the court is steadily increasing. (Sun, 01 Oct 2006 22:09:35 GMT)

Bankruptcy Court Approves Owens Corning's Plan of Reorganization
TOLEDO -- Owens Corning announced Monday that Judge Judith Fitzgerald of the United States Bankruptcy Court for the District of Delaware approved the company's Plan of Reorganization. (Mon, 02 Oct 2006 03:52:20 GMT)

Delta's bankruptcy fees could hit $118 million
Delta Air Lines Inc. has spent $74 million in legal and other fees since it filed for bankruptcy protection a little more than a year ago -- and the tab could go as high as $118 million. (Mon, 02 Oct 2006 04:38:55 GMT)

Storehouse faces sale after parent files for bankruptcy
Storehouse Inc., an Atlanta-based home furnishings retailer with 10 metro area stores, is looking for cash-flush partners after its parent company filed for bankruptcy protection Sept. 18. (Mon, 02 Oct 2006 04:41:27 GMT)

Law firms feel pinch of bankruptcy decline
After the new bankruptcy laws went into effect last October, lawyer Wayne Novick's business sank. (Mon, 02 Oct 2006 04:53:23 GMT)

Elektrim files for bankruptcy to avoid creditor lawsuit
From Poland A.M. Elektrim has submitted a petition for bankruptcy with the possibility of an arrangement on Friday, five days before the its creditors were set to launch a lawsuit over the bankruptcy. (Mon, 02 Oct 2006 06:44:52 GMT)

Bankruptcy filings
This bankruptcy was filed Sept. 26 in U.S. District Court, Indianapolis, for the Southern District of Indiana. D-debt; A-assets. (Mon, 02 Oct 2006 06:49:02 GMT)

Bankruptcy rattles BenQ Mobile
BenQ Mobile is nervously looking towards the leadership in Taiwan as the company’s bankruptcy motion in Germany sends shockwaves throughout the global operation. (Mon, 02 Oct 2006 13:22:12 GMT)

Sierra Leone: "APC's Bankruptcy is Not Our Concern," Says UNPP
National Propaganda and Organizing Secretary, Abubakarr Kargbo of the United National Peoples Party (UNPP) charged Saturday that the All Peoples Congress (APC) Party's bankruptcy is not their "concern." (Mon, 02 Oct 2006 18:51:22 GMT)

Doctors Medical Center files for Chapter 9 bankruptcy protection
Financially ailing Doctors Medical Center and the public district that runs it have filed for Chapter 9 bankruptcy protection, while they try desperately to line up new revenue sources to save the 247-bed facility. (Mon, 02 Oct 2006 23:05:59 GMT)

Mesaba asks bankruptcy court to bar strikes
Mesaba Airlines urged U.S. Bankruptcy Judge Gregory Kishel on Monday to block a strike by its unions, arguing that the carrier would go out of business if pilots, flight attendants and mechanics are allowed to walk off the job. Mesaba, which is running low on cash, asked Kishel on Friday to give management permission to void its contracts. The airline will make its case for tossing out the (Tue, 03 Oct 2006 05:10:19 GMT)

Cornerstone Technologies seeks bankruptcy protection Kanjorski’s nephews formed firm to use water jet technology
A company owned by members of U.S. Rep. Paul Kanjorski’s family that received at least $8.3 million in federal funding has filed for bankruptcy. (Tue, 03 Oct 2006 07:21:08 GMT)

Northwest predicts slight profit despite bankruptcy
Northwest Airlines on Monday forecast a "modest profit" for this year, excluding bankruptcy-related costs, despite a softening in revenue since last month. (Tue, 03 Oct 2006 08:07:34 GMT)

Kanjorski kin’s firm files for bankruptcy
A Plains Township company owned by members of U.S. Rep. Paul Kanjorski’s family that received at least $8.3 million in federal funding has filed for bankruptcy. (Tue, 03 Oct 2006 08:10:01 GMT)

Bankruptcy Court Approves Owens Corning's Plan of Reorganization
TOLEDO -- Owens Corning announced Monday that Judge Judith Fitzgerald of the United States Bankruptcy Court for the District of Delaware approved the company's Plan of Reorganization. (Tue, 03 Oct 2006 09:42:55 GMT)

Hospital district files for bankruptcy
The hospital district that runs Doctors Medical Center has filed for bankruptcy protection, shielding the struggling hospital from creditors as it tries to sort out its finances. (Tue, 03 Oct 2006 10:03:59 GMT)

Supreme Court denies request to examine American HomePatient's '03 bankruptcy plan
The U.S. Supreme Court has denied a request by a group who held American HomePatient Inc.'s senior debt to examine the company's bankruptcy reorganization plan that was approved in 2003. (Tue, 03 Oct 2006 14:52:50 GMT)

Bridal Store Declares Bankruptcy; Leaves Brides In Panic
A south-side Milwaukee bridal store has closed its doors, leaving brides in a panic over their wedding dresses. (Tue, 03 Oct 2006 23:15:03 GMT)

Doctors Medical Center Files For Bankruptcy
SAN PABLO, Calif. -- Irwin Hansen, CEO of Doctors Medical Center in San Pablo, issued a statement Tuesday announcing that the financially distressed hospital electronically filed for Chapter 9 bankruptcy Sunday. (Wed, 04 Oct 2006 00:22:13 GMT)

Bankruptcy Court Approves Owens Corning's Plan of Reorganization
TOLEDO -- Owens Corning announced Monday that Judge Judith Fitzgerald of the United States Bankruptcy Court for the District of Delaware approved the company's Plan of Reorganization. (Wed, 04 Oct 2006 05:58:10 GMT)

San Pablo's Doctors Hospital Files For Bankruptcy
SAN PABLO -- Irwin Hansen, CEO of Doctors Medical Center in San Pablo, issued a statement Tuesday announcing that the financially distressed hospital electronically filed for Chapter 9 bankruptcy Sunday. (Wed, 04 Oct 2006 15:32:59 GMT)

Survey: Bankruptcy Filings on the Rise Again, Likely to Return to Pre-2005 Law Levels During Next Year
As the controversial federal bankruptcy overhaul approaches its first anniversary, a new survey of 700 members of the National Association of Consumer Bankruptcy Attorneys is the latest proof that the ill-conceived law is failing on an across-the-board basis. (Wed, 04 Oct 2006 17:31:00 GMT)

Lawyers group knocks bankruptcy law
PHILADELPHIA, Oct. 4 (UPI) -- U.S. bankruptcy lawyers say creditor protection filings are on the increase, even after relevant federal laws were overhauled. (Wed, 04 Oct 2006 21:23:15 GMT)

Bankruptcy Court Approves Owens Corning's Plan of Reorganization
TOLEDO -- Owens Corning announced Monday that Judge Judith Fitzgerald of the United States Bankruptcy Court for the District of Delaware approved the company's Plan of Reorganization. (Wed, 04 Oct 2006 22:29:15 GMT)

Garment firm's bankruptcy case drags on
The bankruptcy case of garment factory Advance Textile Corp. has been dragging on in federal court for more than three years now, resulting in payments of over $200,000 in attorneys' fees and court costs, according to court documents. (Wed, 04 Oct 2006 23:20:37 GMT)

New bankruptcy law criticized
Members of the National Association of Consumer Bankruptcy Attorneys believe the bankruptcy law overhaul has made the process more costly and complex, without making it more effective. (Thu, 05 Oct 2006 03:08:47 GMT)

Judge Orders Trial for Ex-Kmart Officers
The executives will stand trial on accusations they misled investors about Kmart?s financial problems before its 2002 bankruptcy filing. (Thu, 05 Oct 2006 04:43:31 GMT)

Bankruptcy delays pool at Weston YMCA
WESTON · The wait for a pool at the West Broward Family YMCA just got longer. (Thu, 05 Oct 2006 07:17:04 GMT)

OC stock still attracts purchasers on 6th anniversary of bankruptcy
On the eve of the sixth anniversary of Owens Corning's bankruptcy filing yesterday, investors continued to flock to its stock. (Thu, 05 Oct 2006 10:46:37 GMT)

Union Stamping Files For Bankruptcy
Union Stamping filed for bankruptcy Wednesday in federal court. There was some question about whether the 200 employees who've already been let go would get paid for time worked. Now the company's attorney, Shawn Riley says they will. (Thu, 05 Oct 2006 11:25:42 GMT)

Bankruptcy law not as bad as predicted
When the new bankruptcy reform law went into effect a year ago, there was no shortage of nightmare predictions. (Thu, 05 Oct 2006 17:16:31 GMT)

Union Stamping Agrees to Bankruptcy
Union Stamping & Assembly Inc. is officially in bankruptcy. The Cleveland-based company, which operates the Union Stamping plant in South Charleston, had been fighting an attempt by several creditors to force it into bankruptcy. (Thu, 05 Oct 2006 17:42:46 GMT)

Restaurant closes doors; owners file for bankruptcy
A local restaurant's owners may be out of the kitchen, but they are still feeling the heat. Joseph and Rosemary Stetson, owners of swanky downtown Bay City eatery Cafe Appareil, 201 Center Ave., have filed for Chapter 7 bankruptcy protection, according to U.S. Bankruptcy Court records. (Thu, 05 Oct 2006 19:38:15 GMT)

Albany commercial moving company files for bankruptcy
Northeast Movers LLC, a residential and commercial moving company in Albany, N.Y., has filed for Chapter 7 bankruptcy protection. (Thu, 05 Oct 2006 21:12:54 GMT)

Bankruptcy breaks for small businesses
Proposed changes in the Bankruptcy Act would let non-juristic debtors enter the liquidation process without being declared bankrupt, according to Wit Jeraphat, the director-general of the Bankruptcy Litigation department. (Fri, 06 Oct 2006 03:30:23 GMT)

Bankruptcy reforms called a failure
Nearly a year after Congress enacted sweeping changes to federal bankruptcy laws, bankruptcy attorneys are calling the reforms a "bust," according to a new survey. (Fri, 06 Oct 2006 06:18:07 GMT)

Singapore politician seen edging out of bankruptcy
A veteran Singapore opposition politician has taken a small step toward clearing himself from bankruptcy by paying legal costs, a report says. (Fri, 06 Oct 2006 06:27:43 GMT)

Singapore politician seen edging out of bankruptcy
A veteran Singapore opposition politician has taken a small step toward clearing himself from bankruptcy by paying legal costs, a report says. J.B. Jeyaretnam, 80, had been told by the court to pay 11,500 Singapore dollars (7,278 US) to creditors and the official in charge of his bankruptcy. (Fri, 06 Oct 2006 06:51:48 GMT)

Executive Office for US Trustees (EOUST) to present “Bankruptcy Reform: Rules, Renewals and Reflection at the One Year
The Executive Office for United States Trustees (EOUST) will present “Bankruptcy Reform: Rules, Renewals and Reflection at the One Year Anniversary” to the American Association of Debt Management Organizations’ (AADMO) Fall Conference in Las Vegas on October 25, 2006. (PRWeb Oct 6, 2006) Trackback URI: http://www.prweb.com/zingpr.php/ (Fri, 06 Oct 2006 07:24:25 GMT)

Bankruptcy Court Approves Owens Corning's Plan of Reorganization
TOLEDO -- Owens Corning announced Monday that Judge Judith Fitzgerald of the United States Bankruptcy Court for the District of Delaware approved the company's Plan of Reorganization. (Fri, 06 Oct 2006 10:53:08 GMT)

Paddlewheels appeals bankruptcy ruling
New Orleans Paddlewheels Inc. and one of its owners have appealed a U.S. Bankruptcy Court decision last month to appoint a trustee to manage the affairs of the riverboat excursion company, which is reorganizing. (Fri, 06 Oct 2006 17:18:39 GMT)

Tower Records bankruptcy filing to result in liquidation
WILMINGTON, Del. After a lengthy auction stretching over two days, a federal bankruptcy judge today approved the sale of Sacramento-based Tower Records to Great American Group. (Fri, 06 Oct 2006 22:02:01 GMT)

Tower Records bankruptcy results in liquidation
After a lengthy auction stretching over two days, a U.S. federal bankruptcy judge on Friday approved sale of California-based Tower Records to Great American Group, which plans to liquidate the music retailer. (Fri, 06 Oct 2006 22:14:18 GMT)

Bankruptcy breaks for small businesses
Proposed changes in the Bankruptcy Act would let non-juristic debtors enter the liquidation process without being declared bankrupt, according to Wit Jeraphat, the director-general of the Bankruptcy Litigation department. (Sat, 07 Oct 2006 01:30:48 GMT)

Utah bankruptcy filings are down 76#x25 from 2005
A total of 499 Utahns filed for bankruptcy in September, down from 2,208 filings in the same month of 2005, according to figures released Friday by the U.S. Bankruptcy Court for the District of Utah. (Sat, 07 Oct 2006 06:18:37 GMT)

Bankruptcy is met with uncertainty
Kara Homes' bankruptcy filing has left scores of customers and creditors wondering if the troubled builder is going to complete the developments it has under construction and make good on its debts. (Sat, 07 Oct 2006 08:31:32 GMT)

Tower Records bankruptcy to result in liquidation
WILMINGTON, Del. - After a lengthy auction stretching over two days, a federal bankruptcy judge yesterday approved the sale of California-based Tower Records to Great American Group, which plans to liquidate the music retailer. (Sat, 07 Oct 2006 08:39:19 GMT)

Tower bankruptcy to result in liquidation
WILMINGTON, Del. -- After a lengthy auction stretching over two days, a federal bankruptcy judge on Friday approved the sale of California-based Tower Records to Great American Group, which plans to liquidate the music retailer. (Sat, 07 Oct 2006 09:20:36 GMT)

Kara bankruptcy deals another blow to bank owed millions by Dwek
Amboy National Bank has suffered its second blow this year after a home building company filed for bankruptcy Thursday. Amboy holds $58.2 million in loans with Kara Homes Inc., one of the largest home builders in Monmouth and Ocean counties. According to the bankruptcy filing, it is the largest creditor to Kara Homes. A bank analyst said the bankruptcy puts Amboy in a difficult financial (Sat, 07 Oct 2006 10:53:16 GMT)

ComEd: No Rate Hike May Mean Bankruptcy
The idea of extending ComEd’s rate freeze has the utility company’s blood boiling, and saying such an action could mean bankruptcy. CBS 2's Mai Martinez reports. Make cbs2chicago.com my homepage Get breaking news alerts (Sat, 07 Oct 2006 12:52:05 GMT)

Pre-Divorce Bankruptcy Burdens Spouse Who Got The House
Q. A year before my divorce, my ex-spouse almost defaulted on several debts. We went into personal bankruptcy to save the house we owned. I got the house in the divorce, and have been paying the mortgage ever since. However, due to the bankruptcy on record, I couldn't get a new loan to transfer it to my name. (Sun, 08 Oct 2006 10:37:37 GMT)

Bankruptcy Court Approves Owens Corning's Plan of Reorganization
TOLEDO -- Owens Corning announced Monday that Judge Judith Fitzgerald of the United States Bankruptcy Court for the District of Delaware approved the company's Plan of Reorganization. (Sun, 08 Oct 2006 19:11:25 GMT)

Fewer filing for bankruptcy in region
After 30 years of practicing law, Mark Wolber has found "business as usual" has taken on new meaning. "In the last 12 months, I've filed fewer bankruptcies than I probably ever have in my practice," said Wolber, a Utica attorney with a general law practice. (Mon, 09 Oct 2006 06:07:46 GMT)

Tower Records bankruptcy filing to result in liquidation
After a lengthy auction stretching over two days, a federal bankruptcy judge on Friday approved the sale of California-based Tower Records to Great American Group, which plans to liquidate the music retailer. (Mon, 09 Oct 2006 06:22:54 GMT)

Bankruptcy filings
These bankruptcies were filed Sept. 29-Oct. 4 in U.S. District Court, Indianapolis, for the Southern District of Indiana. D-debt; A-assets. (Mon, 09 Oct 2006 06:56:30 GMT)

Pension loss jolts some ex-Delta pilots
Jim Cochran expected bad news when he got the big white envelope from Delta Air Lines. What he found inside was worse. The retired Boeing 767 captain said he expected his $2,460-a-month pension to shrink by about 70 percent after Delta last summer won bankruptcy court approval to terminate its pilot pension plan. His benefit had already dropped by more than $3,000 when Delta cut part of the (Mon, 09 Oct 2006 11:04:12 GMT)

Court loss could prompt Catholic school to file for bankruptcy
Iowa City, Ia. -- Leaders of Regina Catholic High School are preparing to file for bankruptcy if they lose a lawsuit alleging a former... (Mon, 09 Oct 2006 17:57:22 GMT)

Kara Homes in Bankruptcy After Mortgage Payment Offer (Update2)
Oct. 9 (Bloomberg) -- Kara Homes Inc., a luxury builder in New Jersey that sells homes triple the average U.S. house size, filed for bankruptcy after discounts of as much as $246,000 and a year of mortgage payments failed to lure buyers. (Mon, 09 Oct 2006 20:27:22 GMT)

Kara Homes in Bankruptcy After Mortgage Payment Offer (Update3)
Oct. 9 (Bloomberg) -- Kara Homes Inc., the New Jersey builder known for so-called McMansions, filed for bankruptcy after $250,000 discounts failed to lure buyers. (Mon, 09 Oct 2006 20:57:13 GMT)

Bankruptcy Judge Denounces U.S. Policy
A judge who usually constrains his opinions to the technicalities of bankruptcy law broke from habit last week and denounced U.S. policy on the detention of "enemy combatants" as "the tactics of the old Soviet Union." (Mon, 09 Oct 2006 21:59:40 GMT)

Catholic school considers bankruptcy as priest abuse trial nears
IOWA CITY, Iowa Leaders at Iowa City's Roman Catholic school say bankruptcy is a possibility if it's found liable in an upcoming priest abuse trial. (Mon, 09 Oct 2006 22:01:29 GMT)

Bankruptcy Court Approves Owens Corning's Plan of Reorganization
TOLEDO -- Owens Corning announced Monday that Judge Judith Fitzgerald of the United States Bankruptcy Court for the District of Delaware approved the company's Plan of Reorganization. (Tue, 10 Oct 2006 01:39:50 GMT)

Catholic school may seek bankruptcy protection
IOWA CITY (AP) — Board members of the city’s only Catholic school say they are prepared to file for federal bankruptcy protection if a jury finds the school partly responsible for a former priest accused of molesting students 40 years ago. (Tue, 10 Oct 2006 06:51:38 GMT)

Bankruptcy Reform is One Year Old: Consumer Education Emerges as Key Issue
One year after the Bankruptcy Abuse Prevention and Consumer Protection Act was passed, Springboard Nonprofit Consumer Credit Management finds that lack of money management skills is a contributing factor for those who file. Springboard offers both pre-filing counseling and personal financial management courses to debtors. (PRWeb Oct 10, 2006) Trackback URI: (Tue, 10 Oct 2006 07:25:20 GMT)

Regina prepared to file for bankruptcy
Regina Catholic Education Center is prepared to file for Chapter 11 bankruptcy should it come out on the losing end of three sexual abuse lawsuits. (Tue, 10 Oct 2006 08:33:41 GMT)

Boosting your post-bankruptcy credit score
Dear Bankruptcy Adviser, Why should I care about a bankruptcy on my credit report? Six years after being discharged, my credit score is 736. Does it still make a difference? (Tue, 10 Oct 2006 11:52:13 GMT)

Winn-Dixie creditors OK bankruptcy plan
Winn-Dixie Stores Inc. took a big step Tuesday toward coming out of bankruptcy after enough of its creditors, including landlords and vendors, voted to approve the supermarket chain's reorganization plan. (Tue, 10 Oct 2006 15:11:01 GMT)

Tower's bankruptcy to mean charge for Navarre
Navarre Corp. said Tuesday that it expects Tower Records' bankruptcy to mean an after-tax charge of 3 cents per share to its second-quarter earnings. (Tue, 10 Oct 2006 22:38:14 GMT)

Diocese in Iowa Files for Bankruptcy
IOWA CITY, Iowa -- The Roman Catholic Diocese of Davenport filed for Chapter 11 bankruptcy Tuesday, the fourth diocese across the country to seek financial protection to deal with priest sex abuse cases. (Tue, 10 Oct 2006 23:16:39 GMT)

Iowa diocese files for bankruptcy, citing sex abuse cases
IOWA CITY, Iowa (AP) -- The Roman Catholic Diocese of Davenport filed for Chapter 11 bankruptcy Tuesday, the fourth diocese in the nation to seek financial protection to deal with priest sex abuse cases. (Wed, 11 Oct 2006 01:40:31 GMT)

Iowa diocese files for bankruptcy to settle sex abuse claims
The Roman Catholic Diocese of Davenport filed for Chapter 11 bankruptcy yesterday, the fourth diocese in the nation to seek financial protection to deal with priest sex abuse cases. (Wed, 11 Oct 2006 07:37:54 GMT)

Iowa diocese files for bankruptcy amid abuse cases
The Roman Catholic Diocese of Davenport, Iowa, filed for Chapter 11 bankruptcy Tuesday, becoming the fourth diocese in the nation to seek financial protection to deal with priest sex-abuse cases. (Wed, 11 Oct 2006 08:01:47 GMT)

Davenport Diocese files for bankruptcy
The Davenport Diocese of the Roman Catholic Church filed for bankruptcy Tuesday afternoon. (Wed, 11 Oct 2006 09:25:18 GMT)

Diocese in Iowa files for bankruptcy
After paying out more than $10.5 million to resolve dozens of sex abuse claims and now facing a new set of lawsuits, the Roman Catholic Diocese of Davenport has filed for Chapter 11 bankruptcy. (Wed, 11 Oct 2006 09:35:05 GMT)

Possible bankruptcy puts relationship at risk; more
http://www.NewsAndOpinion.com | DEAR BRUCE: I'm having a tax problem and I'm trying to avoid filing for bankruptcy. Is having an audit an option? The tax preparer put me down as head of household when I was married (but separated). I didn't know the difference. (Wed, 11 Oct 2006 10:12:46 GMT)

Catholic diocese files for bankruptcy before trial
The Roman Catholic Diocese of Davenport filed for Chapter 11 bankruptcy protection yesterday, the fourth American diocese to seek financial protection to deal with priest sex-abuse cases. (Wed, 11 Oct 2006 11:33:25 GMT)

Bankruptcy last choice for dioceses
Roman Catholic dioceses facing clergy abuse claims once avoided seeking Chapter 11 protection, but now a fourth American diocese has brought its case to bankruptcy court. (Wed, 11 Oct 2006 21:37:45 GMT)

CoolBrands says joint venture Americana Foods faces U.S. bankruptcy petition
David Friend October 11, 2006 - 6:05 p.m. TORONTO (CP) - Frozen-treats maker CoolBrands International Inc. (TSX:COB.A) says Americana Foods LP, a joint-venture operation, faces a bankruptcy petition in the United States after reporting a credit default. (Wed, 11 Oct 2006 22:14:46 GMT)

Churches have had mixed results pursuing bankruptcy
Before Tuesday, only three Roman Catholic dioceses in the United States had filed for bankruptcy. Those cases have met with mixed results. (Thu, 12 Oct 2006 06:12:42 GMT)

Davenport Diocese files for bankruptcy
TODAY: (Updated 2:44 p.m.) The Catholic Diocese of Davenport filed for bankruptcy protection Tuesday afternoon, effectively putting 25 claims of sexual abuse by priests in the hands of a judge. (Thu, 12 Oct 2006 06:14:34 GMT)

Ex-cop accused of bankruptcy fraud
FBI agents arrested a retired Denver police narcotics detective Wednesday on a federal bankruptcy fraud indictment. The six-count indictment accuses Joseph Rael, 53, of forging his police officer wife's signature to apply for U.S. Bankruptcy Court protection on March 31 in an effort to reorganize finances and pay off gambling debts. (Thu, 12 Oct 2006 06:46:03 GMT)

Bankruptcy protection feared for parent of GNER
Sea Containers, the owner of the GNER rail franchise, could file for bankruptcy protection in the US by next week. (Thu, 12 Oct 2006 06:57:42 GMT)

Reactions varied as Catholics absorb Diocese bankruptcy decision
DAVENPORT (AP) --- At various times in the last two years, leaders of the Roman Catholic Diocese of Davenport debated publicly the merits of turning to a bankruptcy court to manage persistent problems caused by priests accused of sex abuse. (Thu, 12 Oct 2006 09:27:09 GMT)

Bankruptcy Plan Moves Ahead
Winn-Dixie Stores Inc. took a big step Tuesday toward coming out of bankruptcy after enough of its creditors, including landlords and vendors, voted to approve the supermarket chain's reorganization plan. The vote results were filed in court Monday, but announced Tuesday. The next step is a hearing Friday in which U.S. Bankruptcy Judge Jerry Funk... (Thu, 12 Oct 2006 10:05:30 GMT)

Bankruptcy Court Approves Owens Corning's Plan of Reorganization
TOLEDO -- Owens Corning announced Monday that Judge Judith Fitzgerald of the United States Bankruptcy Court for the District of Delaware approved the company's Plan of Reorganization. (Thu, 12 Oct 2006 11:15:27 GMT)

In wake of bankruptcy filing, Vatican accepts retirement of Iowa bishop
The Vatican announced the bishop of Davenport's retirement Thursday, two days after the Roman Catholic diocese filed for bankruptcy amid dozens of lawsuits alleging priest sex abuse. (Thu, 12 Oct 2006 15:39:51 GMT)

CEO says to retire after Delta exits bankruptcy
Delta Air Lines Inc. Chief Executive Gerald Grinstein said on Thursday he plans to retire after the airline emerges from bankruptcy protection. (Thu, 12 Oct 2006 16:07:15 GMT)

Delta CEO to retire after airline exits bankruptcy
Delta Air Lines Inc. Chief Executive Gerald Grinstein said on Thursday he plans to retire after the airline emerges from bankruptcy protection, but he declined to say who would succeed him. (Thu, 12 Oct 2006 19:35:35 GMT)

Federal-Mogul Clears Britain Bankruptcy
Auto parts supplier Federal-Mogul Corp. said it has emerged from bankruptcy protection in Britain and is close to doing the same in the U.S. after years of struggling against hundreds of thousands of asbestos liability claims. (Thu, 12 Oct 2006 21:26:40 GMT)

Delta CEO to step down after bankruptcy
Gerald Grinstein has announced no succession plan. NEW YORK (Reuters) -- Delta Air Lines Inc. Chief Executive Gerald Grinstein said Thursday he plans to retire after the airline emerges from bankruptcy protection, but he declined to say who would succeed him. (Thu, 12 Oct 2006 22:55:35 GMT)

Delta Chief to Quit After Bankruptcy
Gerald Grinstein said he planned to retire after the airline emerged from bankruptcy, but declined to say who would succeed him. (Fri, 13 Oct 2006 03:21:30 GMT)

Bankruptcy drop: A lull or a trend?
Utah bankruptcies dropped 76 percent during the first nine months of 2006 - a sign that last year's sweeping bankruptcy reform legislation is continuing to have an impact. David Sime, clerk of the U.S. Bankruptcy Court for Utah, reported the court received 3,757 bankruptcy petitions through Sept. 30, 2006 compared to 15,705 cases filed during the same period in 2005. (Fri, 13 Oct 2006 05:08:50 GMT)

Bankruptcy Act still effective one year later
Debtors with enough income to pay debts now find it harder to liquidate their debts by filing bankruptcy. And bankruptcy judges can now be more confident that information in bankruptcy petitions is accurate. (Fri, 13 Oct 2006 06:20:00 GMT)

Delta CEO to leave after airline exits bankruptcy
NEW YORK - Delta Air Lines Inc. Chief Executive Gerald Grinstein said Thursday he plans to step down soon after the nation's No. 3 carrier emerges from bankruptcy protection. (Fri, 13 Oct 2006 08:17:09 GMT)

Churches Say Diocese's Bankruptcy Won't Hurt Them
Local Catholic churches say the Davenport Diocese's filing for bankruptcy should not hurt them financially. (Fri, 13 Oct 2006 10:49:19 GMT)

Key features of bankruptcy law
The Bankruptcy Abuse Prevention and Consumer Protection Act, passed by Congress and signed into law by President Bush in April 2005, makes it harder for debtors to erase credit card and other debts in legal proceedings. (Fri, 13 Oct 2006 20:19:47 GMT)

Air America Radio files for Chapter 11 bankruptcy
Air America Radio, the liberal news and talk radio network whose on-air talent features comedian and author Al Franken, filed for Chapter 11 bankruptcy protection on Friday after talks with a creditor broke down. (Fri, 13 Oct 2006 21:56:34 GMT)

US radio station that challenged political conservatives files for bankruptcy
Air America, a radio station launched two years ago by activists in an effort to challenge what they called right-wing dominance in the medium, filed for bankruptcy protection, documents showed. (Fri, 13 Oct 2006 23:20:36 GMT)

Air America Files For Bankruptcy
Air America Radio, which has tried to create a liberal talk and news network to challenge the dominance of conservatives such as Rush Limbaugh, yesterday filed for Chapter 11 bankruptcy protection but said it would remain on the air. (Sat, 14 Oct 2006 02:35:55 GMT)

Air America, Home of Liberal Talk, Files for Bankruptcy Protection
The liberal talk network, started to counter the influence of conservative radio personalities like Rush Limbaugh, filed for Chapter 11 bankruptcy protection on Friday. (Sat, 14 Oct 2006 05:38:10 GMT)

Bankruptcy Filings Drop After Changes in Law
WASHINGTON — The ranks of people seeking to erase their debts have thinned in the year since the biggest changes in U.S. bankruptcy laws in a quarter-century took effect. (Sat, 14 Oct 2006 07:03:34 GMT)

Credit problems have Air America signaling bankruptcy
Air America Radio, the liberal talk and news radio network, sought bankruptcy court protection Friday after losing $40.9 million since May 2004. (Sat, 14 Oct 2006 09:19:13 GMT)

Air America Radio files for bankruptcy, will stay on air
Air America Radio filed for bankruptcy reorganization Friday, in the latest patch of turbulence to befall the liberal talk radio network that launched two years ago headlined by comedian and author Al Franken. (Sat, 14 Oct 2006 10:27:23 GMT)

Air America seeks bankruptcy protection
NEW YORK — Air America Radio filed for bankruptcy reorganization yesterday, in the latest patch of turbulence to befall the liberal talk-radio network that hit the air two years ago, headlined by comedian and author Al Franken. (Sat, 14 Oct 2006 11:29:53 GMT)

Bankruptcy filings shrink
WASHINGTON -- The ranks of people seeking to erase their debts have thinned noticeably in the year since the biggest changes in U.S. bankruptcy laws in a quarter-century took effect. (Sat, 14 Oct 2006 12:05:26 GMT)

Air America Files For Bankruptcy
Air America Radio, which has tried to create a liberal talk and news network to challenge the dominance of conservatives such as Rush Limbaugh, yesterday filed for Chapter 11 bankruptcy protection but said it would remain on the air. (Sat, 14 Oct 2006 17:34:16 GMT)

Required bankruptcy counseling almost always too little, too late
Attorneys, credit counselors and court workers in the trenches say the new bankruptcy law, which went into effect last Oct. 17, has driven up costs and created more obstacles for people in financial distress. (Sun, 15 Oct 2006 04:32:11 GMT)

Bankruptcy filings down, but trend not likely to last
DAYTON — If the aim of federal bankruptcy reform was to drive down the number of people filing for debt relief, the numbers say the law is working. (Sun, 15 Oct 2006 04:34:03 GMT)

Air America, Home of Liberal Talk, Files for Bankruptcy Protection
The liberal talk network, started to counter the influence of conservative radio personalities like Rush Limbaugh, filed for Chapter 11 bankruptcy protection on Friday. (Sun, 15 Oct 2006 04:40:21 GMT)

Lawsuits put on hold for bankruptcy
Pending lawsuits filed against the Diocese of Davenport by victims of sexual abuse by priests will be put on hold while the diocese goes through Chapter 11 bankruptcy, a judge and attorneys said Friday. (Sun, 15 Oct 2006 06:09:01 GMT)

Air America Radio files for bankruptcy
Air America Radio filed for bankruptcy reorganization Friday, in the latest patch of turbulence to befall the liberal talk radio network that launched two years ago headlined by the comedian and author Al Franken. (Sun, 15 Oct 2006 06:16:43 GMT)

Despite bankruptcy filing, network says liberal talk can hold its own
Air America Radio said filing for Chapter 11 bankruptcy protection Friday doesn't suggest liberal-oriented talk can't compete with such... (Sun, 15 Oct 2006 07:26:35 GMT)

B3 CEO In Bankruptcy Court
A month ago, TV6 ran a series on the rise and fall of B-3 Computers in Sawyer after it borrowed 700 thousand dollars in government money. Friday, the CEO, Bill Carr, was in court filing for personal bankruptcy. (Sun, 15 Oct 2006 09:13:18 GMT)

Bankruptcy filings tumble
WASHINGTON — The ranks of people seeking to erase their debts have thinned noticeably in the year since the biggest changes in U.S. bankruptcy laws in a quarter-century took effect. (Sun, 15 Oct 2006 11:37:21 GMT)

One Year Later, Bankruptcy Law Change Creates Hurdles, Expense, but Little Substantive Change – Most Consumers Can
(PRWEB) October 15, 2006 -- Before the Bankruptcy Abuse Prevention and Consumer Protection Act took effect on October 17, 2005, a landslide of advertising, media reporting, and rumor combined to create the impression that after October 17, many people would no longer be able to file for bankruptcy protection. (Sun, 15 Oct 2006 12:00:00 GMT)

Bankruptcy laws thin ranks of filers
WASHINGTON -- The ranks of people seeking to erase their debts have thinned noticeably in the year since the biggest changes in U.S. bankruptcy laws in a quarter-century took effect. (Mon, 16 Oct 2006 04:29:09 GMT)

Air America, Home of Liberal Talk, Files for Bankruptcy Protection
The liberal talk network, started to counter the influence of conservative radio personalities like Rush Limbaugh, filed for Chapter 11 bankruptcy protection on Friday. (Mon, 16 Oct 2006 04:47:22 GMT)

Bankruptcy law changes having profound effects
If the aim of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 was to decrease the number of filings, it succeeded. (Mon, 16 Oct 2006 04:56:59 GMT)

Winn-Dixie starts over post-bankruptcy
JACKSONVILLE -- Winn-Dixie Stores Inc. says it's "Getting better all the time," but it could take years before the grocer is demonstrably better after 19 months of bankruptcy. (Mon, 16 Oct 2006 05:06:35 GMT)

Bankruptcy filings
This bankruptcy was filed Oct. 10 in U.S. District Court, Indianapolis, for the Southern District of Indiana. (Mon, 16 Oct 2006 06:46:20 GMT)

Bankruptcy cases down in wake of new law
A year after sweeping reforms to U.S. bankruptcy law took effect, the number of people seeking protection from their creditors is down. Way down. (Mon, 16 Oct 2006 07:26:46 GMT)

GNER parent seeks bankruptcy protection in US
The parent company of London to Scotland rail firm GNER today filed for bankruptcy protection in the United States (Mon, 16 Oct 2006 08:09:34 GMT)

GNER owner in US bankruptcy move
The parent company of London to Scotland rail firm GNER has filed for Chapter 11 bankruptcy protection in the United States. (Mon, 16 Oct 2006 08:41:16 GMT)

Sea Containers files for chapter 11 bankruptcy
NEW YORK, October 16 (newratings.com) – US-based passenger and freight transport company Sea Containers Ltd (ticker: SCR.A) Monday announced that it had filed for chapter 11 bankruptcy protection after failing to make a major debt repayment. (Mon, 16 Oct 2006 10:52:56 GMT)

Sea Containers Files for Bankruptcy
Shipping and railroad company Sea Containers Ltd. said Monday that it has filed for protection under Chapter 11 of the U.S. Bankruptcy code, but that its passenger rail service in Britain was not affected. (Mon, 16 Oct 2006 11:46:20 GMT)

Co-owner of sporting goods wholesaler declares bankruptcy
The co-owner of a baseball and softball footwear wholesale company in Schenectady has filed for Chapter 7 bankruptcy protection. (Tue, 17 Oct 2006 19:38:10 GMT)

Bankruptcy cases down in wake of new law
A year after sweeping reforms to U.S. bankruptcy law took effect, the number of people seeking protection from their creditors is down. Way down. (Wed, 18 Oct 2006 01:49:23 GMT)

Air America, Home of Liberal Talk, Files for Bankruptcy Protection
The liberal talk network, started to counter the influence of conservative radio personalities like Rush Limbaugh, filed for Chapter 11 bankruptcy protection on Friday. (Wed, 18 Oct 2006 04:45:56 GMT)

Bankruptcy filings may begin rising
In the year after the government overhauled its bankruptcy rules, filings have plummeted. (Wed, 18 Oct 2006 07:24:27 GMT)

Michael Jackson sues former attorneys over forced bankruptcy conspiricy
Washington, Oct 18(ANI): It seems Michael Jackson's legal battles are never ending. After protracted proceedings over molestation charges and custody rights, the pop star is now charging his former attorneys for conspiring to force him into bankruptcy. (Wed, 18 Oct 2006 08:11:10 GMT)

Bankruptcy judge delays ruling on whether Mesaba unions have right to strike
Joshua Freed October 18, 2006 - 4:46 a.m. MINNEAPOLIS (AP) - A U.S. bankruptcy judge delayed a ruling Tuesday night on blocking union workers from striking Mesaba Aviation Inc. , but also barred the Northwest Airlines (NYSE:NWB) feeder airline from imposing new contract terms at midnight. (Wed, 18 Oct 2006 08:59:36 GMT)

Gutted SGI 'blasts out' of, er, bankruptcy
Less staff, less debt, same problems Grumpy naysayers will argue that SGI shouldn't have bothered. It should have put the purple logos away, handed its old contracts to IBM or Sun Microsystems and called it a day. Never mind this bankruptcy emerging business.… (Wed, 18 Oct 2006 10:10:41 GMT)

Chapter 11 no finale for Silicon Graphics / Restructured company emerges from bankruptcy
Silicon Graphics Inc., the pioneering computing company that helped create the special effects on blockbusters such as "Jurassic Park" and "The Matrix," has emerged from bankruptcy, the company said Tuesday. The development comes six months after the... (Wed, 18 Oct 2006 10:35:32 GMT)

Sterling China USA LLC files bankruptcy; Village's loan agreement is with Castle Wells Management
WELLSVILLE - Sterling China USA LLC has gone into bankruptcy, but the Village of Wellsville's $150,000 loan agreement isn't with Sterling China, the name on the contract is Castle Wells Management. (Wed, 18 Oct 2006 10:50:29 GMT)

Credit card during bankruptcy? Risky business
Dear Bankruptcy Adviser, Can I keep one credit card for emergency use without listing in my creditors for bankruptcy? -- Charles Dear Charles, This is a question I have been asked by literally hundreds of clients. (Wed, 18 Oct 2006 11:37:56 GMT)

Feds charge 78 with bankruptcy fraud
Bankruptcy fraud charges have been filed against 78 people in a federal operation aimed at protecting the integrity of the nation's bankruptcy system, the Justice Department and FBI announced Wednesday. (Wed, 18 Oct 2006 18:40:25 GMT)

SGI Emerges From Bankruptcy 'Lean And Ready'
Emerging from bankruptcy proceedings this week, supercomputer maker SGI says its product line didn't miss a beat during the six-month reorganization period. (Wed, 18 Oct 2006 19:07:00 GMT)

Feds crack down on bankruptcy fraud; 12 charged in Illinois
A dozen Chicago-area individuals have been charged in a nationwide crackdown on bankruptcy fraud and so-called home-rescue plans preying on homeowners facing foreclosure, prosecutors announced Wednesday. (Wed, 18 Oct 2006 22:25:33 GMT)

78 charged in bankruptcy fraud sting
Nine lawyers, an ex-police officer and an electrician who bribed a former governor were among 78 people charged with bankruptcy fraud in the past two months, the Justice Department said Wednesday. (Wed, 18 Oct 2006 22:36:15 GMT)

Three charged with bankruptcy fraud
Two Philadelphians and a Bucks County resident have been indicted on bankruptcy fraud charges, part of an ongoing nationwide crackdown by the U.S. Department of Justice. (Thu, 19 Oct 2006 07:38:31 GMT)

Bankruptcy lawyers charged
Five current and former Chicago area bankruptcy lawyers have been charged with ripping off clients who faced mortgage foreclosure. In all, 11 people were charged in the Chicago area and 78 nationwide in a series of unrelated bankruptcy fraud schemes. (Thu, 19 Oct 2006 09:33:41 GMT)

78 people charged in national bankruptcy fraud sting
WASHINGTON (AP) - The government says a two-month sting operation has netted 78 people for bankruptcy fraud. The Justice Department says 18 of the arrests came this week alone. The F-B-I says the arrests are on track to outpace last year's estimated total of 100 bankruptcy fraud cases. (Thu, 19 Oct 2006 09:53:33 GMT)

78 people charged in national bankruptcy fraud sting
The government says a two-month sting operation has netted 78 people for bankruptcy fraud. (Thu, 19 Oct 2006 10:04:26 GMT)

U.S. Charges 78 With Bankruptcy Fraud
Nine lawyers, a former police officer and an electrician who bribed a former governor are among 78 people charged with bankruptcy fraud in the past two months, the Justice Department said. (Thu, 19 Oct 2006 11:35:42 GMT)

Democrats accuse Padgett of bankruptcy manipulation
Democrats yesterday sharpened their attack on Republican U.S. House candidate Joy Padgett, accusing her of shielding assets during bankruptcy proceedings by transferring her interest in a family farm to her brothers. (Thu, 19 Oct 2006 11:59:42 GMT)

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