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Home > Bankruptcy News

Bankruptcy News Nov 2006

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Owens Corning out of bankruptcy
Toledo 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. (Wed, 01 Nov 2006 08:27:35 GMT)

9 questions to ask before bankruptcy
The answers will show how complex your bankruptcy is, and whether you need an attorney or can file yourself with forms from a kit, says the Bankrutpcy Adviser. (Wed, 01 Nov 2006 11:00:00 GMT)

Bankruptcy costs hurt Northwest
MINNEAPOLIS -- Northwest Airlines Corp. said bankruptcy expenses gave it a $1.18-billion third-quarter loss, but said it would have shown a profit without those and other one-time items. (Wed, 01 Nov 2006 11:13:06 GMT)

Clinic debt prompts bankruptcy filing
Dr. Joseph Jemsek, who was disciplined by the N.C. Medical Board this summer for his unorthodox diagnoses and treatment of Lyme disease, filed for bankruptcy last week on behalf of his Huntersville clinic. (Wed, 01 Nov 2006 11:23:17 GMT)

Northwest blames bankruptcy costs for $1.2 billion loss
Northwest Airlines Corp. said that bankruptcy expenses gave it a $1.2 billion third-quarter loss, but that it would have shown a profit without these and other one-time items. (Wed, 01 Nov 2006 12:00:50 GMT)

Owens Corning leaves bankruptcy
NEWARK -- Owens Corning announced Tuesday it emerged from Chapter 11 bankruptcy after creating a $5 billion fund for people harmed by its products containing asbestos. (Wed, 01 Nov 2006 12:22:22 GMT)

9 questions to ask before bankruptcy
Dear Bankruptcy Adviser, I am in the process of filing Chapter 7 bankruptcy . I am trying to decide whether or not to go with a document filing service or an attorney. An attorney costs five times the amount as the document service and I really cannot afford the attorney fees. (Wed, 01 Nov 2006 12:44:45 GMT)

Dura Up on Bankruptcy Approvals
Shares of Dura Automotive Systems Inc. rose Wednesday after the auto supplier said it received court approval of motions it submitted in its bankruptcy filing. (Wed, 01 Nov 2006 19:33:38 GMT)

Huntersville Clinic Run By Controversial Lyme Disease Doctor Files Bankruptcy
CHARLOTTE, N.C. -- A Huntersville clinic run by a doctor disciplined by state authorities for his work with Lyme disease patients has filed for bankruptcy. (Wed, 01 Nov 2006 22:50:57 GMT)

Wolverine talks bankruptcy
Halloween came a day late for Wolverine Tube Inc. shareholders and employees. The haunting news: The company, with headquarters in Huntsville and Decatur, may file for a Chapter 11 reorganization bankruptcy, and it lost $49.5 million — $3.29 a share — in the third quarter. (Thu, 02 Nov 2006 07:05:05 GMT)

Stricter bankruptcy laws still leave option open
When a stricter bankruptcy law took effect nearly a year ago, some people assumed the worst: that the tougher rules meant it was now next to impossible to get a fresh start by filing for bankruptcy. (Thu, 02 Nov 2006 08:28:41 GMT)

Wave Wireless files for bankruptcy
Wave Wireless Corp., the wireless broadband equipment maker that acquired Lakewood Ranch-based Speedcom Wireless three years ago, has filed for bankruptcy protection from its creditors. (Thu, 02 Nov 2006 09:33:30 GMT)

Wolverine considers bankruptcy
Huntsville-based Wolverine Tube Inc. said Wednesday that it may pursue bankruptcy protection if its plan to refinance its debt fails. (Thu, 02 Nov 2006 10:28:16 GMT)

The Basics of Bankruptcy
Filing for bankruptcy can be daunting. Learn everything you need to know from what the alternatives are and when you should file , to what's involved in the process , key terms and much more. (Thu, 02 Nov 2006 12:22:46 GMT)

Owens Corning Comes Out of Bankruptcy
TOLEDO (AP) -- 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. (Thu, 02 Nov 2006 12:55:39 GMT)

Bankruptcy is no longer a financial lifeline
A year after enactment, it remains unclear how many abusive bankruptcies the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 has actually prevented. -- By Gayle B. Ronan. (Fri, 03 Nov 2006 01:15:15 GMT)

NYRA files for bankruptcy protection
The New York Racing Association, the private entity that has held the state horse racing franchise since 1955, filed for protection from creditors in bankruptcy court Thursday. NYRA's hold on the state franchise to run racing is scheduled to end Dec. 31, 2007. NYRA has sought to require the state to release without restrictions $19 million of a $30 million state bailout authorized by the (Fri, 03 Nov 2006 01:28:48 GMT)

NYRA Files for Bankruptcy Protection
New York Racing Association Files for Protection From Creditors in Bankruptcy Court (Fri, 03 Nov 2006 02:17:24 GMT)

Thoroughbred Racing Association Files for Bankruptcy Protection; Tracks Stay Open
The bankruptcy will be the latest chapter in the troubled recent history of the New York Racing Association. (Fri, 03 Nov 2006 05:11:27 GMT)

NYRA files for protection in bankruptcy court
The New York Racing Association, the private entity that has held the state horse racing franchise since 1955, filed for protection from creditors in bankruptcy court Thursday. (Fri, 03 Nov 2006 07:20:19 GMT)

NYRA FILES BANKRUPTCY
LOUISVILLE, Ky. - The other shoe dropped yesterday on the financial soap opera involving the New York Racing Association when NYRA declared bankruptcy in federal court, citing the failure of the State Lottery Division to approve the... (Fri, 03 Nov 2006 10:47:25 GMT)

Bankruptcy laws challenge consumers
THE CONSUMER credit industry and analysts expected that the bankruptcy law passed last year would re-educate consumers to manage their debt sensibly, especially their credit card debt. (Fri, 03 Nov 2006 11:03:12 GMT)

Consumers hit roadblocks under bankruptcy law
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. (Fri, 03 Nov 2006 12:13:07 GMT)

NYRA files for bankruptcy
The New York Racing Association that has run thoroughbred racing in New York since 1955 announced Thursday that it has filed for bankruptcy. This comes after NYRA refused to accept a $19 million loan from the state which would have prevented them from filing for Chapter 11 protection. (Fri, 03 Nov 2006 12:28:33 GMT)

NYRA files for bankruptcy
ALBANY The organization that runs Saratoga Race Course files for bankruptcy protection. FULL STORY >> Updated: 11/3/2006 7:11 AM CAPITAL REGION Police report not released yet A police report regarding an alleged domestic dispute involving Congressman John Sweeney has not been released yet. (Fri, 03 Nov 2006 12:58:03 GMT)

Judge asked to appoint trustee in Kara Homes bankruptcy case
The U.S. Trustee Office today asked a bankruptcy court judge to appoint a Chapter 11 trustee for Kara Homes Inc. or the company's "hope for reorganization will be lost.'' Citing the company's dire financial straits and its inability to raise any funds to continue to operate, the U.S. Trustee's office said a trustee should take over day-to-day operations. That person could try to raise funds for (Fri, 03 Nov 2006 21:54:29 GMT)

Bankruptcy court gets NYRA $8 million
After a conference in bankruptcy court Friday, the state gave the New York Racing Association $8 million to continue operating thoroughbred racing. "This will give us the extra money to continue the operation," NYRA spokesman William Cunningham said. (Fri, 03 Nov 2006 23:59:23 GMT)

Bankruptcy court gets NYRA $8 million
ALBANY, N.Y. (AP) -After a conference in bankruptcy court Friday, the state gave the New York Racing Association $8 million to continue operating thoroughbred racing. (Fri, 03 Nov 2006 23:59:40 GMT)

Bankruptcy court gets NYRA $8 million
After a conference in bankruptcy court Friday, the state gave the New York Racing Association $8 million to continue operating thoroughbred racing. "This will give us the extra money to continue the operation," NYRA spokesman William Cunningham said. The state's racing committee said the $8 million was a loan. (Sat, 04 Nov 2006 00:28:53 GMT)

Bankruptcy court gets New York Racing Association US$8 million
ALBANY, N.Y. (AP) - After a conference in bankruptcy court Friday, the state gave the New York Racing Association US$8 million to continue operating thoroughbred racing. (Sat, 04 Nov 2006 01:54:00 GMT)

NYRA files for bankruptcy
SARATOGA SPRINGS -- Three days after rejecting state financial help, New York Racing Association has filed Chapter 11 proceedings in U.S. Bankruptcy Court. (Sat, 04 Nov 2006 07:28:14 GMT)

Bruno: NYRA bankruptcy was unnecessary
CLIFTON PARK -- New York Racing Association's bankruptcy was unnecessary because the state offered NYRA the funds it needed, Senate Majority Leader Joseph L. Bruno said Friday. (Sat, 04 Nov 2006 08:28:55 GMT)

Owens Corning Comes Out of Bankruptcy
TOLEDO (AP) -- 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. (Sat, 04 Nov 2006 12:14:37 GMT)

NYRA files for bankruptcy protection
The New York Racing Association that has run thoroughbred racing in New York since 1955 announced Thursday that it has filed for bankruptcy protection. (Sat, 04 Nov 2006 13:43:13 GMT)

Owens Corning Comes Out of Bankruptcy
TOLEDO (AP) -- 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. (Sun, 05 Nov 2006 02:16:23 GMT)

Lawyer defends allegations of excessive attorneys’ fees in bankruptcy case
A Guam-based attorney has defended the payments of over $200,000 in attorneys’ fees and court costs to bankruptcy trustee Robert J. Steffy Sr., who is handling the bankruptcy case of garment factory Advance Textile Corp. that has been dragging on in federal court for more than three years now. (Sun, 05 Nov 2006 14:03:35 GMT)

Money Trouble Forces NYRA to Declare Bankruptcy
Money trouble has forced the New York Racing Association to declare Chapter 11 bankruptcy. NYRA's President, Charles Hayward, says this does not mean the association is going out of business, and calls bankruptcy a "last option." (Sun, 05 Nov 2006 15:31:20 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, 05 Nov 2006 16:45:44 GMT)

Northwest Plans to Recall Hundreds of Furloughed Pilots
Northwest Airlines, which is working to emerge from bankruptcy, sent letters to at least 425 pilots seeking to recall them as of Oct. 10. (Mon, 06 Nov 2006 01:28:23 GMT)

Owens Corning Comes Out of Bankruptcy
TOLEDO (AP) -- 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. (Mon, 06 Nov 2006 02:00:25 GMT)

Some Advertisers Shun Air America, a Lonely Voice From Talk Radio?s Left
It seems that a lack of major advertising dollars were responsible for Air America filing for bankruptcy protection last month. (Mon, 06 Nov 2006 02:43:33 GMT)

Winn-Dixie Stores set to emerge from bankruptcy
Jacksonville, Fla.-based grocer Winn-Dixie Stores Inc. - once a major player in Alabama's grocery scene - is expected to emerge soon from Chapter 11 bankruptcy with an approved reorganization plan from its creditors and a $725 million post-bankruptcy credit facility with Wachovia Corp. (Mon, 06 Nov 2006 05:48:14 GMT)

Barclays settles Enron bankruptcy claim
Barclays has agreed to pay $144m (£76m) to extract itself from an Enron lawsuit. The energy giant had been claiming that the bank owed it $144m, whilst Barclays claimed Enron owed it $310m. (Mon, 06 Nov 2006 11:48:01 GMT)

Northwest may recall hundreds of pilots
Northwest Airlines, which is working to emerge from bankruptcy, is planning to recall hundreds of furloughed pilots this year and next, more than it initially said it would recall, the pilot's union said. (Mon, 06 Nov 2006 11:55:21 GMT)

Barclays settles Enron bankruptcy claim
Alex Hawkes, Accountancy Age , Monday 6 November 2006 at 00:00:00 Bank pays out to resolve lawsuit arising from bankruptcy, but continues to face class action Barclays has agreed to pay $144m (£76m) to extract itself from an Enron lawsuit. The energy giant had been claiming that the bank owed it $144m, whilst Barclays claimed Enron... > Read the full article (Mon, 06 Nov 2006 13:50:21 GMT)

Lawyer defends allegations of excessive attorneys’ fees in bankruptcy case
A Guam-based attorney has defended the payments of over $200,000 in attorneys’ fees and court costs to bankruptcy trustee Robert J. Steffy Sr., who is handling the bankruptcy case of garment factory Advance Textile Corp. that has been dragging on in federal court for more than three years now. (Mon, 06 Nov 2006 14:05:58 GMT)

Tougher Industries bankruptcy filing lists $6.1M Berkshire Bank debt
Tougher Industries Inc., an Albany, N.Y., pipe and duct installer has filed for Chapter 11 bankruptcy. (Mon, 06 Nov 2006 15:59:06 GMT)

Houston buyer grabs industrial sites in bankruptcy
An affiliate of Nelson Duffie Interests Inc. has purchased a 500,000-square-foot portfolio of local industrial buildings through a California bankruptcy court. (Mon, 06 Nov 2006 20:22:01 GMT)

Nutraquest gets OK to exit bankruptcy
A judge has approved diet pill maker Nutraquest's plan to emerge from bankruptcy, three years after the company filed for protection from dozens of lawsuits related to its ephedra-based products. (Tue, 07 Nov 2006 06:07:14 GMT)

Kara asks for help with bankruptcy restructuring
Kara Homes has asked a U.S. Bankruptcy Court Judge for permission to hire a crisis management firm and a chief restructuring officer to help guide it through Chapter 11 bankruptcy proceedings. (Tue, 07 Nov 2006 06:07:24 GMT)

Owner seeks bankruptcy
WARREN - The owner of a house at 11 Quaboag St., which has been threatened with demolition by the town, says she has filed for bankruptcy. (Tue, 07 Nov 2006 09:33:19 GMT)

Owens Corning Comes Out of Bankruptcy
TOLEDO (AP) -- 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, 07 Nov 2006 11:04:44 GMT)

One-Year Anniversary of the New Bankruptcy Law - What Has Changed?
In the year since the new, tougher bankruptcy law was passed, the number of people filing for bankruptcy has dropped noticeably. Personal bankruptcies filed in the first half of 2006... (Tue, 07 Nov 2006 13:19:34 GMT)

Haden International files for Chapter 7 bankruptcy
WASHINGTON -- Haden International Group Inc., an automobile painter, has filed for Chapter 7 protection in the U.S. Bankruptcy Court in Wilmington, Del. (Tue, 07 Nov 2006 16:22:33 GMT)

Haden International files for Ch. 7 bankruptcy
Auburn Hills-based Haden International Group Inc. filed for Chapter 7 bankruptcy in U.S. Bankruptcy Court in Delaware on Nov. 6. (Wed, 08 Nov 2006 08:11:52 GMT)

Wall company is getting out of bankruptcy
Nutraquest Inc., a Wall company that makes dietary supplements, is emerging from Chapter 11 bankruptcy three years after one of its ephedra-based products made it the target of numerous lawsuits. (Wed, 08 Nov 2006 09:43:07 GMT)

Owens Corning Comes Out of Bankruptcy
TOLEDO (AP) -- 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. (Wed, 08 Nov 2006 10:36:22 GMT)

Judge delays bankruptcy hearing for Pittsburgh Brewing
A federal bankruptcy judge in Pittsburgh has delayed a hearing on whether to approve a half (M) million-dollar line of credit for Pittsburgh Brewing Company. (Wed, 08 Nov 2006 10:58:00 GMT)

Dow Jones Daily Bankruptcy Review and American Bankruptcy Institute Join Forces to Research Corporate Restructuring
Bankruptcy professionals are readying for the next wave of corporate restructurings, which may arrive as early as six months from now, according to the findings of a joint research effort by Dow Jones & Company's Daily Bankruptcy Review and the American Bankruptcy Institute. (Wed, 08 Nov 2006 21:15:21 GMT)

Brown & Cole grocery chain files for bankruptcy protection
Brown & Cole Stores, the closely held operator of 27 grocery stores in Washington state, filed for bankruptcy protection on Tuesday, citing competition... (Wed, 08 Nov 2006 23:12:12 GMT)

Bankruptcy Is Not The Only Way To Handle Financial Hardships
In 2004, more than 63,000 Michigan residents filed for bankruptcy. This is just one of several ways people can deal with their financial hardships. (Thu, 09 Nov 2006 03:43:43 GMT)

Utah bankruptcy filings are down 80#x25 to 461 in October
A total of 461 Utahns filed for bankruptcy in October, according to U.S. Bankruptcy Court data released Wednesday. (Thu, 09 Nov 2006 07:34:38 GMT)

Attorneys bicker at bankruptcy meeting
A creditors meeting Wednesday in U.S Bankruptcy Court between the Davenport Diocese and victims of sexual abuse had some tense moments as attorneys clashed over the church’s assets. (Thu, 09 Nov 2006 07:46:29 GMT)

Brown & Cole Stores seek bankruptcy shelter
Brown & Cole Stores, the closely held operator of 27 grocery stores in Washington state, filed for bankruptcy protection Tuesday, citing competition from larger chains including Wal-Mart. (Thu, 09 Nov 2006 08:29:04 GMT)

Bankruptcy wave forecast
Corporate bankruptcy filings, subdued by the high availability of credit in recent years, are likely to hit courts in a wave within the next six to 18 months, according to a report released Wednesday. (Thu, 09 Nov 2006 08:43:06 GMT)

Food Pavilion's parent files for bankruptcy
Brown & Cole Stores, which operates stores under names including Cost Cutter and Food Pavilion, has filed for Chapter 11 bankruptcy protection. The Bellingham-based company owns 27 supermarkets around the region, including in Everett and Arlington. Brown & Cole, which closed stores in Smokey Point and Stanwood last year, has cited increased competition from Wal-Mart supercenters as a factor in (Thu, 09 Nov 2006 08:57:24 GMT)

Bankruptcy wave expected within 18 months, report says
NEW YORK — Corporate bankruptcy filings, subdued by the high availability of credit in recent years, should hit courts in a wave within the next six to 18 months, according to a report released Wednesday. (Thu, 09 Nov 2006 09:17:26 GMT)

Owens Corning Comes Out of Bankruptcy
TOLEDO (AP) -- 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. (Thu, 09 Nov 2006 10:54:07 GMT)

Judge OKs Winn-Dixie Bankruptcy Plan
A federal judge ruled Thursday that supermarket chain Winn-Dixie Stores Inc. has met the legal requirements to emerge from more than a year of bankruptcy protection and the company plans to do so within 30 days. (Thu, 09 Nov 2006 20:40:03 GMT)

Judge OKs Winn-Dixie Bankruptcy Plan
(AP) JACKSONVILLE, Fla. A federal judge ruled Thursday that supermarket chain Winn-Dixie Stores Inc. has met the legal requirements to emerge from more than a year of bankruptcy protection and the company plans to do so within 30 days. (Thu, 09 Nov 2006 20:52:53 GMT)

Winn-Dixie getting better, exiting bankruptcy
Winn-Dixie gets approval to emerge from bankruptcy protection. The supermarket expects to be profitable next year. (Fri, 10 Nov 2006 06:19:07 GMT)

Judge backs Winn-Dixie plan to exit bankruptcy
Winn-Dixie Stores Inc., a struggling Jacksonville-based grocery store chain, on Thursday won a U.S. judge's approval to exit bankruptcy within 30 days. (Fri, 10 Nov 2006 08:14:48 GMT)

Winn-Dixie to exit bankruptcy within 30 days
A federal judge ruled Thursday that supermarket chain Winn-Dixie has met the legal requirements to emerge from more than a year of bankruptcy protection, and the company plans to do so within 30 days. (Fri, 10 Nov 2006 08:19:07 GMT)

Council tax rebels face bigger risk of bankruptcy action
A crackdown by local authorities on council tax defaulters has led to more than a fivefold increase in the number of people threatened with bankruptcy, The Times has learnt.... (Fri, 10 Nov 2006 09:35:06 GMT)

 Company winding up and bankruptcy petition court statistics for third quarter 2006
The Department for Constitutional Affairs today publishes statistics for company winding up, and creditors' and debtors' bankruptcy petitions issued in the High Court and county courts of England and Wales during the third quarter of 2006. (Fri, 10 Nov 2006 10:07:09 GMT)

US: Winn-Dixie prepares to emerge from bankruptcy
The Bankruptcy Court for the middle district of Florida yesterday (9 November) confirmed Winn-Dixie Stores’ Plan of Reorganisation. The company now expects to emerge from Chapter 11 bankruptcy within 30 days. (Fri, 10 Nov 2006 10:58:58 GMT)

Judge OKs Winn-Dixie bankruptcy plan
Winn-Dixie Stores Inc. Thursday cleared the last hurdle to its emergence from Chapter 11 bankruptcy, receiving confirmation from U.S. Bankruptcy Judge Jerry Funk on the company's reorganization plan. (Fri, 10 Nov 2006 11:30:10 GMT)

Winn-Dixie Emerging From Bankruptcy
JACKSONVILLE, Ga. -- A federal judge in Florida has ruled that supermarket chain Winn-Dixie has met the legal requirements to emerge from more than a year of bankruptcy protection. The company plans to do so within 30 days. (Fri, 10 Nov 2006 11:33:44 GMT)

Federal Judge Says Hospitals Can Stay Open Despite Bankruptcy Filings
A federal judge has ruled five small-town Oklahoma hospitals can remain open despite bankruptcy. (Fri, 10 Nov 2006 12:11:17 GMT)

Winn-Dixie OK’d to exit bankruptcy
JACKSONVILLE, Fla. | A federal judge ruled Thursday that supermarket chain Winn-Dixie Stores Inc. has met the legal requirements to emerge from more than a year of bankruptcy protection. (Fri, 10 Nov 2006 13:27:15 GMT)

WNDXQ: Bankruptcy Court Approves Chapter 11 Plan of Reorganization
Winn-Dixie Stores, Inc. (WNDXQ) announced that the U.S. Bankruptcy Court for the Middle District of Florida today entered an order confirming the company's Plan of Reorganization. With this action, Winn-Dixie expects to emerge from Chapter 11 within 30 days. (Fri, 10 Nov 2006 13:39:12 GMT)

Bankruptcy judge OKs Winn-Dixie reorganization plan
A bankruptcy judge has approved Winn-Dixie Stores Inc.'s reorganization plan after about 20 months in Chapter 11 bankruptcy. (Fri, 10 Nov 2006 17:15:24 GMT)

Brown & Cole Seeks Bankruptcy Protection
NOVEMBER 10, 2006 -- Brown & Cole Stores LLC, Bellingham, Wash., filed for bankruptcy protection Tuesday afternoon in Seattle, according to The Bellingham Herald . The company, which has struggled for the past five years, operates 27 stores in Washington under a variety of names, including Cost Cutter and Food Pavilion. (Fri, 10 Nov 2006 20:07:45 GMT)

Delta legal, consultant bills in bankruptcy case nearly $100 million
ATLANTA (AP) -- In a third round of requests, lawyers and consultants involved in Delta Air Lines Inc.'s bankruptcy case are requesting another $24.3 million in fees and expenses primarily covering four months of work, bringing the total asked for so far to nearly $100 million. (Sat, 11 Nov 2006 07:24:00 GMT)

Owens Corning Comes Out of Bankruptcy
TOLEDO (AP) -- 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. (Sat, 11 Nov 2006 11:58:25 GMT)

Judge backs Winn-Dixie plan to exit bankruptcy within 30 days
Winn-Dixie Stores Inc., a struggling Jacksonville-based grocery store chain, on Thursday won a U.S. judge's approval to exit bankruptcy within 30 days. (Sat, 11 Nov 2006 14:32:34 GMT)

Bankruptcy Affects Rural Hospitals
By The Daily Oklahoman Nov. 11--Problems building and operating a Moore hospital ultimately led its parent company, The Schuster Group Inc., to file for bankruptcy protection this week in Okmulgee federal court, affecting five rural hospitals across the state. (Sat, 11 Nov 2006 19:05:31 GMT)

Bankruptcy Is Not The Only Way To Handle Financial Hardships
In 2004, more than 63,000 Michigan residents filed for bankruptcy. This is just one of several ways people can deal with their financial hardships. (Sat, 11 Nov 2006 22:32:12 GMT)

Schuster group files for bankruptcy; state, area hospitals to remain open
Health care firm cites financial problems at Moore hospitalBy M. Scott CarterTranscript Staff WriterThe... (Sun, 12 Nov 2006 06:38:53 GMT)

Owens Corning Comes Out of Bankruptcy
TOLEDO (AP) -- 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. (Sun, 12 Nov 2006 08:01:32 GMT)

Briefs: Experts see bankruptcy filing rise
Corporate bankruptcy filings, subdued by the high availability of credit in recent years, should hit courts in a wave within the next six to 18 months, according to one report. (Sun, 12 Nov 2006 10:47:51 GMT)

Delta bills in bankruptcy near $100M
ATLANTA — In a third round of requests, lawyers and consultants involved in Delta Air Lines Inc.'s bankruptcy case are requesting another $24.3 million in fees and expenses primarily covering four months of work, bringing the total asked for so far to nearly $100 million. (Sun, 12 Nov 2006 11:10:27 GMT)

Lawyers pull in hauls of millions in long OC bankruptcy case
For a mid-sized Eastern law firm that traces its origins to a leading Philadelphia attorney and art patron of the 19th century, "In re: Owens Corning, et al" was the most lucrative bankruptcy case in its 85-year history. (Sun, 12 Nov 2006 11:33:01 GMT)

Reform law has cut bankruptcy rate
One year into new federal bankruptcy rules, the jury is still out on whether the law had its desired effect of reducing unnecessary filings, or just made the process more cumbersome and costly for those who truly need court protection. (Sun, 12 Nov 2006 14:18:45 GMT)

Poor forced into bankruptcy cycle
THE nation's poorest people are being forced to declare bankruptcy several times a year to clear their power bills and credit card debts. (Sun, 12 Nov 2006 19:52:04 GMT)

Bankruptcy filing
This bankruptcy was filed Nov. 9 in U.S. District Court, Indianapolis, for the Southern District of Indiana. D-debt; A-assets. (Mon, 13 Nov 2006 07:56:20 GMT)

New Study Shows Many Canadians Demonstrate Troubling Financial Behaviours That Could Lead to Bankruptcy
Study by InCharge Debt Solutions Also Shows Insufficient Awareness of Alternatives to Bankruptcy (PRWeb Nov 13, 2006) Trackback URI: http://www.prweb.com/zingpr.php/ (Mon, 13 Nov 2006 08:14:29 GMT)

Delta legal, consultant bills in bankruptcy case nearly $100 million
In a third round of requests, lawyers and consultants involved in Delta Air Lines Inc.'s bankruptcy case are requesting another $24.3 million in fees and expenses primarily covering four months of work, bringing the total asked for so far to nearly $100 million. (Mon, 13 Nov 2006 10:05:33 GMT)

Owens Corning Comes Out of Bankruptcy
TOLEDO (AP) -- 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. (Mon, 13 Nov 2006 10:16:53 GMT)

Delta Air Lines Posts $52M Profit in 3Q
ATLANTA -- Delta Air Lines Inc., the nation's third-largest carrier, said Thursday it swung to a $52 million profit in the third quarter thanks in part to a one-time gain due to a decrease in previously estimated pre-bankruptcy claims for restructuring of aircraft financing deals. (Mon, 13 Nov 2006 10:43:59 GMT)

Bankruptcy law effects still unclear
The consumer credit industry and analysts hoped the bankruptcy law passed last year would re-educate consumers, prompting them to manage their debt sensibly, especially their credit card debt. (Mon, 13 Nov 2006 11:17:06 GMT)

Bankruptcy court gives Kara Homes a chance to reorganize
A bankruptcy court judge today gave Kara Homes Inc. the chance to reorganize, rejecting at least for now the arguments of the home builder's lenders that the company is beyond saving. Judge Michael B. Kaplan granted Kara's request to bring in Traxi LLC, a crisis management firm, to take over the daily operations from company founder Zuhdi Karagjozi. And a Kara attorney said the company was close (Tue, 14 Nov 2006 05:25:23 GMT)

Dura Auto creditors protest $300M bankruptcy loan
WILMINGTON, Del. -- Hedge funds that own major pieces of Dura Automotive Systems Inc.'s debt say the parts maker's plan to finance its bankruptcy threatens to jeopardize their rights. (Tue, 14 Nov 2006 22:27:20 GMT)

Kahuku Hospital Files For Bankruptcy
Officials at Kahuku Hospital announced on Tuesday that the facility will close by the end of the year. (Wed, 15 Nov 2006 03:20:08 GMT)

Comair flight attendants OK wage cuts
Comair took another major step in its plan for emerging from bankruptcy protection when flight attendants approved $7.9 million in wage cuts and other concessions. Now the Delta subsidiary is focusing on getting concessions from its pilots — the last holdout among its unions. (Wed, 15 Nov 2006 07:12:52 GMT)

Owens Corning Comes Out of Bankruptcy
TOLEDO (AP) -- 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. (Wed, 15 Nov 2006 07:35:51 GMT)

US Airways proposes to merge with Delta
US Airways Group, Inc. on Wednesday said it had made a merger proposal with Delta Air Lines Inc. under which the companies would combine upon Delta's emergence from bankruptcy. (Wed, 15 Nov 2006 11:30:15 GMT)

US Airways makes $8 billion bid for Delta
US Airways on Wednesday is making an apparently hostile $8 billion offer for larger competitor Delta Air Lines, under which the companies would combine after Delta's emergence from bankruptcy. (Wed, 15 Nov 2006 11:34:49 GMT)

US Airways makes $8 billion cash and stock offer for Delta once Delta emerges from bankruptcy
TEMPE, Ariz. - US Airways Group Inc. said Wednesday it has made an $8 billion cash and stock offer for Delta Airlines Inc. in a deal that would create one of the world's largest airlines. The... (Wed, 15 Nov 2006 12:16:54 GMT)

US Airways offers to merge with Delta
US Airways Group has proposed a merger with Delta Air Lines, which is under bankruptcy protection, in an 8.0-billion-dollar (6.3-bilion-euro) cash and stock transaction. (Wed, 15 Nov 2006 12:22:38 GMT)

US Airways makes $8 billion cash and stock offer for Delta once Delta emerges from bankruptcy
BC-Delta US-Airways, 2nd Ld-Writethru,0412 (Wed, 15 Nov 2006 12:37:22 GMT)

Delta, USAirways, and Bankruptcy: Why It Fits
Why would anybody want to buy a bankrupt airline? Well, there are lots of good reasons, as USAirways CEO Doug Parker is well aware. Parker used to run America West Airlines until it merged with USAirways, which was in bankruptcy at the time. The new USAirways has since become one of the most profitable in the industry. (Wed, 15 Nov 2006 17:12:15 GMT)

Rivkin's estate forced into bankruptcy
The family of the late Rene Rivkin has been forced to place his estate into bankruptcy, following a $30 million claim by the Australian Taxation Office. (Wed, 15 Nov 2006 19:05:19 GMT)

Winn Dixie Set To Emerge From Bankruptcy
A federal judge in Florida has ruled that supermarket chain Winn-Dixie has met the legal requirements to emerge from more than a year of bankruptcy protection. (Wed, 15 Nov 2006 21:09:25 GMT)

Bankruptcy makes deal more complex
A hostile takeover is never simple. But when the company being sought is in bankruptcy, it gets even more complicated. Jack Williams, a Georgia State University law professor and bankruptcy expert, describes what US Airways may face in its $8 billion unsolicited bid for Atlanta-based Delta Air Lines, which is operating under federal bankruptcy court protection. Right now US Airways can begin to (Thu, 16 Nov 2006 04:00:07 GMT)

Bankruptcy Is Not The Only Way To Handle Financial Hardships
In 2004, more than 63,000 Michigan residents filed for bankruptcy. This is just one of several ways people can deal with their financial hardships. (Thu, 16 Nov 2006 05:22:02 GMT)

US Airways makes $8 billion cash and stock offer for Delta once Delta emerges from bankruptcy
ATLANTA | US Airways made a hostile $8 billion bid for Delta Air Lines on Wednesday, despite Delta's repeated statements it isn't interested in a merger. The move could start a stampede of competing bids in a long-predicted industry consolidation. (Thu, 16 Nov 2006 06:55:01 GMT)

Carmella's Café files for bankruptcy
NEW HARTFORD — The owner of Carmella's Café in New Hartford has been trying to sell his restaurant for $1.6 million but has been hampered in part because New York state claims the restaurant owes more than $400,000 in unpaid sales tax, according to a September bankruptcy filing. (Thu, 16 Nov 2006 07:14:40 GMT)

Remaking of old films "bankruptcy of ideas: Anupam Kher
Chandigarh, Nov 15: Remakes reflect bankruptcy of ideas and cannot replace the nostaliga attached to the original, veteran Bollywood actor Anupam Kher said today. (Thu, 16 Nov 2006 08:10:24 GMT)

Owens Corning Comes Out of Bankruptcy
TOLEDO (AP) -- 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. (Thu, 16 Nov 2006 10:43:40 GMT)

NWA Bankruptcy Firms Ask For $15M In Fees
Lawyers and consultants are asking for $15.1 million in fees for helping Northwest Airlines Corp. reorganize under bankruptcy protection. More Business News More Transportation News More Minnesota News (Thu, 16 Nov 2006 15:52:00 GMT)

Remaking of old films "bankruptcy of ideas: Anupam Kher
Remakes of old popular films reflected a "bankruptcy of ideas", according to veteran actor Anupam Kher. Kher said here yesterday that there was no shortage of ideas in the country and there should be no reason why people should remake the old ones. (Thu, 16 Nov 2006 16:26:37 GMT)

US Air bid could delay Delta's exit from bankruptcy
US Airways' proposed takeover of Delta Air Lines could be scuttled over antitrust issues when federal regulators examine the deal. At the least, Deltas exit from bankruptcy could be delayed by months. A person familiar with the bankruptcy case said such concerns are among the reasons a court-appointed creditors committee, which holds huge sway in Delta's Chapter 11 reorganization, might pass on (Thu, 16 Nov 2006 18:29:59 GMT)

Calpine stock gains on outlook for bankruptcy
SAN FRANCISCO, Nov 16 (Reuters) - Shares of bankrupt power producer Calpine Corp. rose on Thursday, helped by prospects that it is on track to emerge from bankruptcy next year, analysts said. (Thu, 16 Nov 2006 20:01:04 GMT)

NWA bankruptcy firms ask for more than $15 million in fees
MINNEAPOLIS -- Lawyers and consultants are asking for $15.1 million in fees for helping Northwest Airlines Corp. reorganize under bankruptcy protection. (Thu, 16 Nov 2006 21:57:54 GMT)

Hospital's Bankruptcy Filing Precedes Report on Closures
Victory Memorial Hospital in Brooklyn announced yesterday that it is filing for federal bankruptcy protection, just weeks before a commission appointed by Governor Pataki is scheduled to make recommendations on closing and shrinking hospitals statewide. Officials of the 254-bed Bay Ridge hospital say their Chapter 11 filing is expected to unlock as much as $6 million in state aid and provide for (Fri, 17 Nov 2006 05:48:52 GMT)

NWA's latest bankruptcy tab runs to $15.1 million
Lawyers and consultants are asking for $15.1 million in fees for helping Eagan-based Northwest Airlines reorganize under bankruptcy protection. The request for fees covering the four months ending Sept. 30 brings Northwest's bankruptcy tab so far to $42.58 million in fees. That's not counting the 20 percent of fees that U.S. Bankruptcy Judge Allan Gropper has ordered held back until later in the (Fri, 17 Nov 2006 09:15:13 GMT)

Caspian Pipeline Consortium bankruptcy unlikely
RBC, 17.11.2006, Moscow 15:12:28. Bankruptcy of the Caspian Pipeline Consortium (CPC) is not likely, the head of the Federal Agency for Evergy (Rosenergo) Sergei Oganesian told journalists today. However, he finds it possible that the Consortium may face claims of violation of antitrust legislation. (Fri, 17 Nov 2006 16:23:53 GMT)

Winning Legal Strategies for Chapter 11 Bankruptcy Revealed
DUBLIN, Ireland----Research and Markets has announced the addition of Video Leadership Seminars: Winning Legal Strategies for Chapter 11 Bankruptcy with Daniel Cohn of Cohn, Whitesell, & Goldberg, LLP to their offering. (Fri, 17 Nov 2006 17:00:00 GMT)

Toronto Symphony Runs First Surplus Since Near-Bankruptcy
The Toronto Symphony has posted its first budget surplus since it narrowly avoided bankruptcy five years ago, reports the Toronto Star. (Fri, 17 Nov 2006 17:45:00 GMT)

IMPATH Bankruptcy Liquidating Trust Announces Settlement of Litigation
NEW YORK----The Trustee of the IMPATH Bankruptcy Liquidating Trust announced that the Liquidating Trust and IMPATH Inc.'s former accountants have reached a settlement regarding pending litigation. (Fri, 17 Nov 2006 18:05:00 GMT)

Aldi, Tri-Lakes Auto sale agreement OK'd by bankruptcy judge
SARANAC LAKE — An agreement for the Aldi supermarket chain to purchase the former Tri-Lakes Auto Mall was approved by a U.S. bankruptcy judge in Albany Wednesday. (Fri, 17 Nov 2006 18:20:56 GMT)

*IMPATH Bankruptcy Liquidating Trust Announces Settlement Of Litigation
(RTTNews) - IMPATH Bankruptcy Liquidating Trust (IBLTZ.PK) Announces Settlement of Litigation. (Fri, 17 Nov 2006 18:25:09 GMT)

Winn Dixie Set To Emerge From Bankruptcy
A federal judge in Florida has ruled that supermarket chain Winn-Dixie has met the legal requirements to emerge from more than a year of bankruptcy protection. (Fri, 17 Nov 2006 19:41:46 GMT)

Winn Dixie Set To Emerge From Bankruptcy
A federal judge in Florida has ruled that supermarket chain Winn-Dixie has met the legal requirements to emerge from more than a year of bankruptcy protection. (Sat, 18 Nov 2006 22:42:28 GMT)

THE COLOR OF MONEY: New bankruptcy law allows some, but not all, charitable contributions
It took me a while before I had faith enough to tithe. Tithing means giving a tenth of your income. For many who believe in tithing, it means giving that 10 percent first - before any bills are paid. (Sun, 19 Nov 2006 06:24:54 GMT)

Bankruptcy Law Says Thou Shalt Not Tithe
It took me a while before I had faith enough to tithe. (Sun, 19 Nov 2006 07:00:06 GMT)

Bankruptcy protection for arsonist reviewed
Judges with the 10th Circuit Court of Appeals are dealing with the smoky issue of whether a Utah animal rights activist can seek bankruptcy protection against court-ordered restitution for burning down a McDonald's restaurant. (Sun, 19 Nov 2006 07:25:03 GMT)

Expert In Global Bankruptcy Laws Lived Life To The Fullest
Anthony J. Smits, 39, of Simsbury, died Aug. 11. (Sun, 19 Nov 2006 08:22:05 GMT)

Number of bankrupts in SKorea soars: report
The number of South Koreans filing for bankruptcy soared in the nine months to September this year amid an economic slowdown, a news report has said. (Sun, 19 Nov 2006 12:05:57 GMT)

DIY bankruptcy mess
Online operation expected to become 3rd-largest store this holiday season (Sun, 19 Nov 2006 12:10:35 GMT)

Running a Marathon out of Chapter 11
The odds of a small company surviving Chapter 11 bankruptcy are remote, but when Marathon Technologies of Littleton, Mass., filed in 2003, doom was anything but certain. (Mon, 20 Nov 2006 02:11:40 GMT)

New rules make saving business more difficult
Chapter 11 has never been easy to survive, but bankruptcy lawyers say it's become even more difficult since the Bankruptcy Abuse Prevention and Consumer Protection Act became law in late 2005. (Mon, 20 Nov 2006 02:15:08 GMT)

Winn Dixie Set To Emerge From Bankruptcy
A federal judge in Florida has ruled that supermarket chain Winn-Dixie has met the legal requirements to emerge from more than a year of bankruptcy protection. (Mon, 20 Nov 2006 03:57:18 GMT)

Lawyers say bankruptcy reform fell short
A year after sweeping bankruptcy reforms took effect, some local lawyers say the only thing that Washington bureaucrats accomplished was to create more bureaucracy. (Mon, 20 Nov 2006 05:37:58 GMT)

API Graphics files for Chapter 7 bankruptcy
API Graphics, a 25- employee firm that makes tags, packaging, inserts and other items for use in a variety of industries, has filed for Chapter 7 bankruptcy protection. (Mon, 20 Nov 2006 06:10:59 GMT)

7 steps to stop an overspending spouse The great money divide
Q . My wife is spending us into bankruptcy. I need a legal means to separate our credit without having to divorce her. (Mon, 20 Nov 2006 07:10:09 GMT)

Pilots urge court to deny Comair permission to impose concessions
Comair pilots asked a U.S. Bankruptcy Court in New York on Friday to deny Comair permission to impose concessions on pilots if negotiations don't produce an agreement. (Mon, 20 Nov 2006 07:34:20 GMT)

HOSP'S $ICK DEAL
A financially failing Brooklyn hospital approved a $1.1 million golden parachute to its outgoing chief executive before being forced into bankruptcy, The Post has learned. The Victory Memorial Hospital Board of Trustees approved the five-year... (Mon, 20 Nov 2006 10:28:27 GMT)

Jeweler Fabrikant Files for Bankruptcy
Diamond and jewelry seller M. Fabrikant & Sons Inc. has filed for Chapter 11 protection in the U.S. Bankruptcy Court in Manhattan. (Mon, 20 Nov 2006 15:28:59 GMT)

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