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Home > Bankruptcy News

Bankruptcy News Oct 2006

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Ariz. residents indicted in bankruptcy fraud
Two federal fraud prosecutions underway in Arizona are part of nationwide campaign to thwart abuse of U.S. bankruptcy courts, according to the Justice Department. (Thu, 19 Oct 2006 15:16:19 GMT)

Feds Target Bankruptcy Fraud
Washington (Oct. 20, 2006) - Over the past two months, the Justice Department has arrested 78 people and charged them with bankruptcy fraud in a sting dubbed “Operation Truth or Consequences.” (Fri, 20 Oct 2006 04:08:30 GMT)

Iowa Bishop Resigns 2 days after Diocese Files for Bankruptcy Amid Clergy Abuse Lawsuits
DAVENPORT, Iowa (AP) -- 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. (Fri, 20 Oct 2006 09:56:09 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, 20 Oct 2006 10:25:41 GMT)

Bankruptcy judge says Delta can reduce health benefits
NEW YORK A federal bankruptcy judge today approved a plan by Delta Air Lines to cut 50 (m) million dollars a year in health benefits for about 42-thousand retirees, spouses and survivors. (Fri, 20 Oct 2006 11:53:03 GMT)

Dianor Resources Welcomes Sale of Shares Held by Trustee-in-Bankruptcy for Vincent Lacroix
Dianor Resources Inc. (TSX VENTURE: DOR) has taken note of the sale today on the TSX Venture Exchange of 15 million common shares of Dianor by Ernst & Young Inc., the trustee for the bankruptcy of Mr. Vincent Lacroix, at a price of $0.80 per share. (Fri, 20 Oct 2006 19:04:36 GMT)

Delta Seeks Extension on Bankruptcy Plan
Delta Air Lines Inc. filed a court motion on Friday seeking to postpone an upcoming deadline to file a reorganization plan in its bankruptcy case. (Fri, 20 Oct 2006 19:59:19 GMT)

Bankruptcy filings way down
A year after the federal bankruptcy law was made tougher, filings in Greater Cincinnati and Northern Kentucky are down more than two-thirds. The drop mirrors the national trend. (Fri, 20 Oct 2006 20:51:01 GMT)

Lacroix's trustee in bankruptcy sells shares of Dianor Resources for $12M
MONTREAL (CP) - The trustee handling the bankruptcy of Vincent Lacroix, who headed the defunct Norbourg group of investment companies, has sold a large chunk of Lacroix's holdings in Dianor Resources Inc. (TSXV:DOR) for $12 million. (Fri, 20 Oct 2006 21:14:48 GMT)

David Hendricks: Bankruptcy reform law requires more consumer education
The bankruptcy reform law that went into effect a year ago this week made it harder consumers to escape their debts. The law requires two educational steps as part of the bankruptcy process that helps consumers understand their mistakes. (Sat, 21 Oct 2006 02:22:50 GMT)

Feds getting tough on Utah bankruptcy fraud
Shortly after emerging from a Chapter 7 bankruptcy in 2000, Deseree Dyer of West Valley City borrowed $26,000 from Wells Fargo Bank and purchased a new Jeep Grand Cherokee. In less than a year, she defaulted on the loan. Wells Fargo repossessed and sold the vehicle, then went after the 29-year-old Dyer to collect the rest of the money she owed. (Sat, 21 Oct 2006 05:39:34 GMT)

Pine Valley granted protection from creditors under federal bankruptcy law
VANCOUVER (CP) - Pine Valley Mining Corp. (TSX:PVM) has been granted protection from creditors under federal bankruptcy laws following "continuing production problems" at its Willow Creek mine. (Sat, 21 Oct 2006 08:29:33 GMT)

Bankruptcy filings down
A year after federal bankruptcy law was made tougher, area filings are down more than two-thirds, which mirrors the national trend. (Sat, 21 Oct 2006 09:40:20 GMT)

Iowa Bishop Resigns 2 days after Diocese Files for Bankruptcy Amid Clergy Abuse Lawsuits
DAVENPORT, Iowa (AP) -- 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. (Sat, 21 Oct 2006 11:19:11 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. (Sat, 21 Oct 2006 11:47:07 GMT)

Debate over bankruptcy law's wisdom still rages
One year ago, America’s bankruptcy courts were buried in filings by hundreds of thousands of debtors hurrying to beat the clock before a more restrictive law went into effect. (Sun, 22 Oct 2006 05:28:24 GMT)

Nursing home stalls sale, files bankruptcy
The owner of a Northern Kentucky nursing home that closed after it lost federal funding last spring has filed for Chapter 11 bankruptcy protection, a move that could stall attempts to sell the home to a new operator and put further strain on an area that's had trouble finding enough beds to go around. (Sun, 22 Oct 2006 07:06:49 GMT)

Iowa Bishop Resigns 2 days after Diocese Files for Bankruptcy Amid Clergy Abuse Lawsuits
DAVENPORT, Iowa (AP) -- 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. (Sun, 22 Oct 2006 10:48:25 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. (Sun, 22 Oct 2006 11:17:21 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 $700,000 in government money. Friday, the CEO, Bill Carr, was in court filing for personal bankruptcy. Carr revealed to the court a few items of interest. (Sun, 22 Oct 2006 12:04:46 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, 22 Oct 2006 20:31:42 GMT)

Iowa Bishop Resigns 2 days after Diocese Files for Bankruptcy Amid Clergy Abuse Lawsuits
DAVENPORT, Iowa (AP) -- 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. (Sun, 22 Oct 2006 23:18:24 GMT)

Bankruptcy Judge says Delta Can Reduce Health Benefits
NEW YORK (AP) -- A federal bankruptcy judge today approved a plan by Delta Air Lines to cut 50 (m) million dollars a year in health benefits for about 42-thousand retirees, spouses and survivors. (Mon, 23 Oct 2006 00:01:10 GMT)

Picture of late bankruptcy judge unveiled at Sept. 27 reception
Mike and Bettye Sharpton attended a reception Sept. 27 celebrating 25 years in the Customs House and honoring the former referees and judges of the U.S. Bankruptcy Court for the Middle District of Tennessee. (Mon, 23 Oct 2006 05:11:01 GMT)

Key features of the year-old 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. (Mon, 23 Oct 2006 05:38:15 GMT)

After a year, officials say bankruptcy reform is working
Bankruptcy filings are down by about 40 percent one year after new rules went into effect that require more debtors to repay their debts. (Mon, 23 Oct 2006 05:38:49 GMT)

Bankruptcy law reduces filings
One year ago, America's bankruptcy courts were buried in filings by hundreds of thousands of debtors hurrying to beat the clock before a more restrictive law went into effect. (Mon, 23 Oct 2006 10:17:12 GMT)

Armstrong World Industries Emerges from Bankruptcy
Neal Shanske submits: Almost six years after filing for bankruptcy under the weight of mounting asbestos liability lawsuits, Armstrong World Industries emerged from bankrupty last week and was largely ignored. (Mon, 23 Oct 2006 10:56:44 GMT)

Mesaba, unions await strike ruling from bankruptcy judge
esaba Aviation Inc. and its unions were waiting for a bankruptcy judge to rule Monday on whether workers can strike if the feeder for Northwest Airlines cuts their pay later this week. (Mon, 23 Oct 2006 20:52:17 GMT)

Home Fragrance files for bankruptcy protection
Home Fragrance Holdings Inc. has filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code with the U.S. Bankruptcy Court in Houston. (Mon, 23 Oct 2006 22:28:19 GMT)

Former Point Loma couple sentenced in bankruptcy fraud case
SAN DIEGO, 3:40 p.m. Oct. 23 (UNION-TRIBUNE): A former Point Loma couple who hid their assets from a bankruptcy judge – including the 57-foot sailboat they used to escape to Mexico – was sentenced to prison terms Monday. (Mon, 23 Oct 2006 23:04:23 GMT)

Mesaba, unions await strike ruling from bankruptcy judge
MINNEAPOLIS Mesaba Aviation Incorporated and its unions are waiting for a bankruptcy judge to rule tonight (Monday) on whether workers can strike if the feeder for... (Tue, 24 Oct 2006 01:20:48 GMT)

Couple Sentenced In Bankruptcy Fraud Case
SAN DIEGO -- A couple that used to live in San Diego's Point Loma was sentenced to prison Monday. Terry and Susan Brunning left the country in 2002 after declaring bankruptcy, and hid their assets from a bankruptcy judge -- including a 57-foot sailboat they used to flee to Mexico. (Tue, 24 Oct 2006 02:16:23 GMT)

Picture of late bankruptcy judge unveiled at Sept. 27 reception
Mike and Bettye Sharpton attended a reception Sept. 27 celebrating 25 years in the Customs House and honoring the former referees and judges of the U.S. Bankruptcy Court for the Middle District of Tennessee. (Tue, 24 Oct 2006 05:11:00 GMT)

Mesaba, unions await strike ruling from bankruptcy judge
MINNEAPOLIS Mesaba Aviation Incorporated and its unions are waiting for a bankruptcy judge to rule tonight (Monday) on whether workers can strike if the feeder for Northwest Airlines cuts their pay later this week. (Tue, 24 Oct 2006 07:44:00 GMT)

Court sets deadline for claims in Davenport Diocese bankruptcy
DAVENPORT, Iowa A February deadline has been set for anyone who wants to make a claim against the Roman Catholic Diocese of Davenport as a part of the diocese's bankruptcy case. (Tue, 24 Oct 2006 07:44:11 GMT)

Former Point Loma couple receive prison terms for bankruptcy fraud
Oct. 24 (UNION-TRIBUNE): A former Point Loma couple who hid their assets from a bankruptcy judge – including the 57-foot sailboat they used to escape to Mexico – were sentenced to prison terms by a San Diego federal judge yesterday. (Tue, 24 Oct 2006 08:35:09 GMT)

Bankruptcy filings low but rising
A year after a tough new law took effect, the number of indebted consumers filing bankruptcy remains historically low but has steadily increased since the first quarter of 2006, new data shows. (Wed, 25 Oct 2006 06:22:22 GMT)

Lawyer wants probe of Padgett's bankruptcy filing
A New Philadelphia lawyer is calling on federal bankruptcy trustees to investigate possible irregularities in bankruptcy filings by state Sen. Joy Padgett, the Republican candidate for Congress in the 18 th District. (Wed, 25 Oct 2006 11:27:55 GMT)

Construction machinery leasing firm Unico files for bankruptcy
_ Construction machinery leasing firm Unico Corp. has filed for bankruptcy protection under the Corporate Rehabilitation Law with the Tokyo District Court after running up debts of about 96.7 billion yen as of the end of June, the Hokkaido-based company said Wednesday. (Wed, 25 Oct 2006 13:11:12 GMT)

S'pore files bankruptcy order on opposition figure
SINGAPORE, Oct 25 (Reuters) - The Singapore attorney-general has filed a bankruptcy order against an opposition politician for not paying about S$24,000 ($15,300) in legal costs in a move that could potentially cripple the tiny Singapore Democratic Party. (Wed, 25 Oct 2006 14:16:00 GMT)

Bankruptcy filings down 83 percent
A new, stricter bankruptcy law that took effect a year ago has led to an 83 percent drop in filings in Hawai'i. (Wed, 25 Oct 2006 14:48:14 GMT)

Bankruptcy doesn't deter council candidate
A candidate for Roseburg City Council hopes that a recent bankruptcy gives him experience that would prove to be an asset. (Wed, 25 Oct 2006 18:33:24 GMT)

Unico Files for Bankruptcy Protection With 97 Billion Yen Debt
Oct. 25 (Bloomberg) -- Unico Corp., a Japanese machinery leasing company, filed for bankruptcy protection with 96.7 billion yen ($811 million) of debt after falling behind in payments to lenders. (Wed, 25 Oct 2006 21:46:37 GMT)

Judge to consider throwing out bankruptcy case
October 26, 2006 - City Attorney Jim Goza isn’t optimistic that Brownsville will recoup any of the thousands of dollars owed by Taylorcraft Aviation LLC, an evicted airport tenant that filed for bankruptcy. (Thu, 26 Oct 2006 05:14:56 GMT)

Bankruptcy judge says debt plan 'doesn't fly'
PITTSBURGH -- A judge criticized a bankruptcy reorganization plan by Pittsburgh Brewing Co. as unworkable but delayed a decision on unpaid taxes to give the company more time to secure financing. (Thu, 26 Oct 2006 07:14:43 GMT)

Judge OKs Geneva bankruptcy plan
SALT LAKE CITY -- Geneva Steel Corp. will pay creditors little more than a quarter of what they're owed, according to a plan approved by a bankruptcy judge. "My clients have waited a long time to be paid," said attorney J. Thomas Beckett, who serves as counsel to the committee of Geneva's unsecured creditors. (Thu, 26 Oct 2006 09:59:06 GMT)

Company cuts jobs, files bankruptcy
A general downturn in business — as well as several months of struggling to prevent union influence on company operations — are reasons the Roger Carter Corporation has filed for bankruptcy, a company spokesman says. (Fri, 27 Oct 2006 04:02:49 GMT)

O.C. may embrace broker from bankruptcy days
A committee urges county supervisors to add Merrill Lynch to a list of favored firms. (Fri, 27 Oct 2006 07:16:25 GMT)

Filings down since passage of new bankruptcy law
Sharon Moore says life “felt like a whirlwind” after her seven-month-old restaurant in Portland, Maine, failed in February. (Fri, 27 Oct 2006 09:32:03 GMT)

Bankruptcy Court Approves Home Director, Inc.'s Plan of Reorganization
CAMPBELL, Calif.----Home Director, Inc., an innovator of home entertainment technology, announced today that Judge Edward D. Jellen of the United States Bankruptcy Court for the Northern District of California approved the company's Second Amended Joint Plan of Reorganization, by order entered on October 12, 2006. (Fri, 27 Oct 2006 20:07:00 GMT)

Shutter Company's Bankruptcy Leaves Customer's Hanging
As the hurricane season nears it's official end, there's a storm of controversy tonight surrounding a local shutter contractor. (Fri, 27 Oct 2006 22:56:11 GMT)

Shutter Company's Bankruptcy Leaves Customer's Hanging
MIAMI -- As the hurricane season nears it's official end, there's a storm of controversy tonight surrounding a local shutter contractor. Thousands of South Florida homeowners are reeling from the company's sudden bankruptcy filing... (Fri, 27 Oct 2006 23:03:01 GMT)

New bankruptcy laws have little Valley impact
WINCHESTER — Although the nation’s personal bankruptcy laws changed a little more than a year ago, the new regulations have had a limited impact in the Shenandoah Valley, area lawyers say. (Sat, 28 Oct 2006 05:04:03 GMT)

Campaign Tactics Veer Toward Smear
On the brink of what could be a power-shifting election, desperate candidates resort to alleging moral bankruptcy and sexual perversion. (Sat, 28 Oct 2006 05:39:41 GMT)

Davenport diocese prepares list of anonymous claimants in bankruptcy
DAVENPORT, Iowa The Roman Catholic Diocese of Davenport is preparing a list of anonymous claimants that will be kept under seal while the diocese goes through bankruptcy proceedings. (Sat, 28 Oct 2006 05:57:08 GMT)

Biz Buzz: SLO spa, laser center file for bankruptcy
SLO Med Spa and Central Coast Laser Center have filed for Chapter 7 bankruptcy protection. (Sat, 28 Oct 2006 07:07:53 GMT)

Former Wing's assets on block
First bankruptcy. Now an auction. Darren McCarty, the fan favorite who was part of three Stanley Cup winning Red Wings teams, filed for bankruptcy in April, citing assets of $1.9 million and debts of $6.2 million. Now many of his possessions will be part of two bankruptcy auctions, the first Nov. 5 in Fraser. (Sat, 28 Oct 2006 07:48:41 GMT)

Bankruptcy trustee reviewing Padgett's family land transfer
WASHINGTON - A federal bankruptcy trustee is scrutinizing whether an eastern Ohio congressional candidate gave property to her family last year to keep it away from her creditors. (Sat, 28 Oct 2006 11:25:47 GMT)

McCarty, now bankrupt, to auction items in Detroit
Former Detroit Red Wing Darren McCarty, one of the city's most popular professional athletes in recent years, will auction off some of his possessions after declaring bankruptcy. The 33-year-old forward filed for bankruptcy last year, listing assets of $1.9 million and debts of $6.2 million. (Sat, 28 Oct 2006 18:29:52 GMT)

Ex-Wing McCarty to auction some possessions
Former Detroit Red Wing Darren McCarty, one of the city's most popular professional athletes in recent years, will auction off some of his possessions after declaring bankruptcy. (Sat, 28 Oct 2006 18:31:31 GMT)

Consumers Hit Roadblocks Under Bankruptcy Law
But Proponents Say Measure Achieves Goals: Protects Truly Needy, Weeds Out Deadbeats After a divorce led him to file for bankruptcy in December, Edward Bucking found out just how extensively a new law changed the system. Instead of the "1-2-3 cut-and-dried" application he had heard about, Bucking had to file reams of paperwork, take classes and pay higher fees. (Sun, 29 Oct 2006 07:21:36 GMT)

New bankruptcy law raises tough hurdles for consumers
After a divorce led him to file for bankruptcy in December, Edward Bucking found out just how extensively a new law had changed the system. Instead of the "1-2-3 cut-and-dried" application he had heard about, Bucking had to file reams of paperwork, take classes and pay higher fees. (Sun, 29 Oct 2006 09:43:38 GMT)

Ask Doctor Law: What's your review of bankruptcy law on its first birthday?
Q: We read that the new, stricter bankruptcy law was a year old this month. When it was passed, there was much discussion back and forth. Supporters said it would curb abuses, such as canceling valid debts, and opponents said it made it too difficult to get a fresh start. How have things turned out in its first year? (Mon, 30 Oct 2006 08:16:54 GMT)

McCarty opens up about bankruptcy woes
Darren McCarty says freewheeling spending isn't to blame for his bankruptcy situation. Instead, the Calgary Flames forward insists the biggest cause of his current troubles are bad business decisions. (Mon, 30 Oct 2006 08:50:35 GMT)

Dura Auto Files for Bankruptcy as Parts Demand Falls (Update2)
Oct. 30 (Bloomberg) -- Dura Automotive Systems Inc. filed for bankruptcy today, becoming the fifth major U.S. auto-parts company since February 2005 to seek protection from creditors. (Mon, 30 Oct 2006 10:03:59 GMT)

Dura Files for Bankruptcy Protection
Auto parts supplier Dura Automotive Systems Inc. on Monday said its U.S. and Canadian subsidiaries have filed for bankruptcy protection amid production cuts by major U.S. automakers. (Mon, 30 Oct 2006 11:58:46 GMT)

Dura Automotive files for bankruptcy protection
ROCHESTER HILLS, Mich. -- Auto parts supplier Dura Automotive Systems Inc. on Monday said its U.S. and Canadian subsidiaries have filed for bankruptcy protection amid production cuts by... (Mon, 30 Oct 2006 12:04:22 GMT)

Dura Files for Bankruptcy Protection
(AP) ROCHESTER HILLS, Mich. Auto parts supplier Dura Automotive Systems Inc. on Monday said its U.S. and Canadian subsidiaries have filed for bankruptcy protection amid production cuts by major U.S. automakers. (Mon, 30 Oct 2006 12:07:37 GMT)

Dura files for bankruptcy protection
The Chapter 11 filing was made with U.S. Bankruptcy Court for the District of Delaware, the Rochester Hills-based company said. Its European and other operations outside the U.S. and Canada weren\'t part of the filing. (Mon, 30 Oct 2006 12:11:57 GMT)

Dura Automotive files for bankruptcy protection for Canadian, U.S. operations
ROCHESTER HILLS, Mich. — Auto parts supplier Dura Automotive Systems Inc. said Monday its U.S. and Canadian subsidiaries have filed for bankruptcy protection amid production cuts by major U.S. auto makers. (Mon, 30 Oct 2006 12:53:08 GMT)

Dura Auto Files for Bankruptcy as Parts Demand Falls (Update9)
Oct. 30 (Bloomberg) -- Dura Automotive Systems Inc. filed for bankruptcy today, becoming the fifth major U.S. auto-parts company since February 2005 to seek protection from creditors. (Mon, 30 Oct 2006 21:32:01 GMT)

Parts Maker Is Fifth to File for Bankruptcy
Dura Automotive Systems filed for bankruptcy protection, becoming the fifth major auto parts company since February 2005 to seek protection from creditors. (Tue, 31 Oct 2006 06:15:14 GMT)

Good news, bad news on bankruptcy
Kara Homes Inc. received permission Monday to complete the sale of nine houses, which would allow some families caught in the builder's bankruptcy to move into their homes. (Tue, 31 Oct 2006 09:34:05 GMT)

UPDATE: Owens Corning Set To Emerge From Asbestos-related Bankruptcy
SAN FRANCISCO (Dow Jones) -- Owens Corning, the nation's largest supplier of insulation, is set to emerge from six years in bankruptcy Tuesday, closing the door on one of the nation's biggest and lengthiest asbestos-linked Chapter 11 filings. (Tue, 31 Oct 2006 09:39:06 GMT)

Auto supplier Dura files for bankruptcy
Dura Automotive Systems Inc. filed Monday for bankruptcy protection, following a string of North American auto suppliers seeking court approval to avoid financial collapse. (Tue, 31 Oct 2006 10:01:05 GMT)

Employees eager as bankruptcy details wrap up
Only one word describes Kim Hillyer's reaction to Owens Corning's plans to emerge today from its six-year stint of bankruptcy. (Tue, 31 Oct 2006 11:45:20 GMT)

Owens Corning leaving dark days of 2002 bankruptcy case behind
Two years into Owens Corning's bankruptcy case in 2002, a malaise had set in at the firm's headquarters on Toledo's downtown riverfront. (Tue, 31 Oct 2006 11:45:30 GMT)

Ideal Electric in Mansfield seeks Chapter 11 bankruptcy shield
MANSFIELD -- Two months after Ideal Electric Co. President and CEO Mike Vucelic said, "I am in a cash crunch," the company filed for bankruptcy protection Monday in federal court in Canton. (Tue, 31 Oct 2006 12:10:28 GMT)

Comair to ask bankruptcy court for permission to impose cuts on pilots
CINCINNATI Delta subsidiary Comair says it plans to ask a bankruptcy court this week to allow it to impose contract concessions on pilots if the two sides cannot reach... (Tue, 31 Oct 2006 12:50:31 GMT)

Comair to ask bankruptcy court for permission to impose cuts on pilots
CINCINNATI Delta subsidiary Comair says it plans to ask a bankruptcy court this week to allow it to impose contract concessions on pilots if the two sides cannot reach an agreement. (Tue, 31 Oct 2006 12:51:22 GMT)

Owens Corning Exits Bankruptcy
Owens Corning emerged from bankruptcy Tuesday, more than five years after building materials maker sought cover from creditors over health claims related to its asbestos products. (Tue, 31 Oct 2006 16:54:12 GMT)

Owens Corning Sheds Bankruptcy Status
Building materials maker Owens Corning emerged from Chapter 11 bankruptcy protection on Tuesday, six years after it sought help because of rising costs from asbestos lawsuits. (Tue, 31 Oct 2006 19:21:22 GMT)

Simply Artrageous files bankruptcy
one of the Valley's largest art stores, quietly filed for bankruptcy protection this summer and is running a going-out-of-business sale . (Tue, 31 Oct 2006 23:38:27 GMT)

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