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Home > Bankruptcy News

Bankruptcy News Dec 2006

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Anger over new bankruptcy laws
HOMELESSNESS groups hit out last night after MSPs passed bankruptcy laws which could see people lose their homes over debts of £3,000. (Fri, 01 Dec 2006 00:27:33 GMT)

Marcal Paper files for bankruptcy
New Jersey's Marcal Paper Mills Inc., which makes tissues and napkins, filed for bankruptcy Thursday, blaming soaring natural gas prices. (Fri, 01 Dec 2006 02:52:57 GMT)

Bankruptcy Judge Approves Delphi Settlement
A federal bankruptcy judge has approved the settlement of accounting fraud charges against the Delphi Corporation and six people (Fri, 01 Dec 2006 06:44:43 GMT)

Levee Board asks to file bankruptcy
BATON ROUGE -- With an estimated $23 million legal judgment to pay and its official demise pending, the Orleans Levee Board on Thursday asked the State Bond Commission for permission to declare bankruptcy. (Fri, 01 Dec 2006 07:20:20 GMT)

Bankruptcy judge urges Comair and pilots to keep negotiating
NEW YORK A U-S Bankruptcy Judge has urged Comair and its pilots to return to negotiations and find a consensual pay-cutting deal. Judge Adlai Hardin has heard... (Fri, 01 Dec 2006 12:12:03 GMT)

Paper maker blames rise in fuel costs for bankruptcy filing
Elmwood Park-based Marcal Paper Mills, one of the largest remaining manufacturing operations in North Jersey, filed for bankruptcy protection Thursday, unable to cope with rising energy costs. (Fri, 01 Dec 2006 13:06:13 GMT)

LFTC: Files Chapter 11 Bankruptcy; To Sell Assets to Polymer Technologies
Lifestream Technologies, Inc. (LFTC) announced that it has filed a petition for protection under Chapter 11 of the United States Bankruptcy Code in the Untied States Bankruptcy Court for the District of Nevada. (Fri, 01 Dec 2006 14:08:27 GMT)

Former W.Va. lawyer files for bankruptcy
MORGANTOWN -- A former Morgantown lawyer disbarred for misappropriating millions from the estates of two sisters has filed for Chapter 11 bankruptcy. John Patrick Ball filed the papers Oct. 31 in U.S. Bankruptcy Court in Clarksburg. (Fri, 01 Dec 2006 15:08:41 GMT)

Bankruptcy judge told Kara Homes needs financing deal to survive
The chief restructuring officer for beleaguered builder Kara Homes Inc. today told a bankruptcy judge that a $2.6 million loan from Bear Stearns is the only funding available to the company. "It was necessary financing," said Perry Mandarino, in recalling what he told Kara Homes' board of directors. "It was the only financing available and it was on reasonable terms." Kara Homes is trying to (Fri, 01 Dec 2006 16:27:48 GMT)

Man charged with fraud in Bankruptcy Court
Published: Friday, December 1, 2006 A Massachusetts man who filed for bankruptcy one year after coming to Vermont to oversee a multi-million dollar renovation of a Brattleboro shopping center was indicted this week on multiple fraud charges, according to a news release from the U.S. Attorney’s Office in Rutland. (Fri, 01 Dec 2006 20:40:02 GMT)

Satmex Emerges from U.S. Bankruptcy Case and Condition to Convenio Concursal Satisfied
In fewer than four months after commencing its pre-negotiated U.S. bankruptcy, Satelites Mexicanos, S.A. de C.V. ('Satmex' or the 'Company'), Mexico's leading satellite service provider, today announced that on November 30, 2006 it officially concluded its reorganization efforts and emerged from its U.S. bankruptcy case. The Company consummated its U.S. chapter 11 plan of reorganization, which (Fri, 01 Dec 2006 23:49:49 GMT)

Local bankruptcy filings surpass year-ago figures
For the first time this year, northwest Ohio bankruptcy filings surpassed in a month the number filed at the same time last year. (Sat, 02 Dec 2006 11:39:27 GMT)

Delphi, GM exchange 'draft agreements'
Talks are progressing between Delphi Corp. and former parent General Motors as they negotiate to try to help the auto parts supplier emerge from bankruptcy protection, according to court documents. (Sat, 02 Dec 2006 19:07:31 GMT)

Arrow from the heartland wounds corporate America
University of Iowa professor's study exposed a scandal in the granting of stock options to executives Erik Lie is teaching the theoretical ins and outs of debt workouts and Chapter 11 bankruptcy to a class of University of Iowa undergraduates. (Sun, 03 Dec 2006 12:01:19 GMT)

Attorneys' fees requested by ATC bankruptcy trustee cut
The federal court has approved only $36,818.55 out of $46,058.55 in new attorneys' fees that were originally requested by the Advance Textile Corp.'s bankruptcy trustee Robert J. Steffy Sr. (Sun, 03 Dec 2006 14:02:30 GMT)

US Airways, Delta launch PR battle in attempted takeover
Delta Air Lines' creditors and a bankruptcy judge will decide whether US Airways buys Delta, but that isn't stopping both airlines from battling for public opinion. Both airlines have hired big names in the financial public relations business. (Mon, 04 Dec 2006 07:04:17 GMT)

Investors hope to recover Mile High Capital money
A Centennial couple forced into bankruptcy and a Boston millionaire investor are among hundreds who continue to feel the aftershocks from the collapse of Englewood-based Mile High Capital Group Ltd. nearly a year ago. (Mon, 04 Dec 2006 07:12:53 GMT)

Bankruptcy filings
The following people and organizations filed for bankruptcy protection from the U.S. Northern District Bankruptcy Court from Nov. 27-29. Joyce L. Clark of 194 Matthews St. filed for Chapter 7 on Nov. 29. (Mon, 04 Dec 2006 07:56:02 GMT)

When mere words fail, there's music
Five years after Enron Corp. filed for bankruptcy, "Enron — The Musical" opened here Friday, 2 1/2 hours of toe-tapping songs immortalizing... (Mon, 04 Dec 2006 08:26:46 GMT)

Bankruptcy Report Offers Insolvency Advice
The Debt Counsellors' Bankruptcy Report offers advice and information on bankruptcy in the UK and provides tips on how it can be avoided. (PRWeb Dec 4, 2006) Post Comment:Trackback URL: http://www.prweb.com/chachingpr. (Mon, 04 Dec 2006 08:27:56 GMT)

New bankruptcy rules pinch small businesses
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, 04 Dec 2006 08:51:14 GMT)

Technology firm beats odds in bankruptcy
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, 04 Dec 2006 08:51:23 GMT)

Attorneys' fees requested by ATC bankruptcy trustee cut
The federal court has approved only $36,818.55 out of $46,058.55 in new attorneys' fees that were originally requested by the Advance Textile Corp.'s bankruptcy trustee Robert J. Steffy Sr. (Mon, 04 Dec 2006 14:06:05 GMT)

Energen Sells Enron Bankruptcy Allowed Settlement Claim
BIRMINGHAM, Ala.----Energen Corporation announced today that Energen Resources Corporation, its oil and gas subsidiary, has sold its allowed $12.5 million Enron bankruptcy claim. The Company estimates that the sale of the claim will generate net income in 2006 of $6.7 million, or 9 cents per diluted share. (Mon, 04 Dec 2006 15:48:00 GMT)

Enron bankruptcy claim to boost Energen net income by $6.7M
Energen Corp. announced Monday that its oil and gas subsidiary, Energen Resources Corp., has sold a $12.5 million allowed claim in the Enron bankruptcy case. (Mon, 04 Dec 2006 20:06:58 GMT)

President Casinos, Inc. Announces Confirmation of Bankruptcy Reorganization Plan for Subsidiary
ST. LOUIS----President Casinos, Inc. announced that the United States Bankruptcy Court for the Eastern District of Missouri has entered an order confirming the Chapter 11 plan of reorganization submitted by President Riverboat Casino-Missouri, Inc. , a wholly owned subsidiary of President that conducts President's St. (Mon, 04 Dec 2006 23:09:00 GMT)

Bankruptcy not the answer
PEOPLE have been warned against trying to escape their debts by opting for bankruptcy. Larry Coltman of Coventry debt recovery specialist Coltman Warner Cranston LLP, said: "People are wrong if they believe they can make themselves bankrupt just as a ploy to avoid their obligations. (Tue, 05 Dec 2006 04:33:10 GMT)

Incoming treasurer filed for bankruptcy
The incoming Arapahoe County treasurer filed for bankruptcy in 1993, claiming he owed $81,076, most of it in credit-card debt. (Tue, 05 Dec 2006 08:26:33 GMT)

Sun Capital to Bid for Rowe Furniture at Bankruptcy Auction
McLEAN, Va. (AP) - A private investment firm that specializes in leveraged buyouts has offered to be the lead bidder for Rowe Furniture, Inc., a leading furniture maker, at a bankruptcy auction. (Tue, 05 Dec 2006 10:08:45 GMT)

Home equity loan to wipe out bankruptcy?
You'll be surprised at how many lenders want your post-bankruptcy business, but you'll be shocked at the terms, says the Bankruptcy Adviser. (Tue, 05 Dec 2006 11:00:00 GMT)

China Expects 2,000 State-Owned Enterprises To Go Bankrupt Before 2008; Approves Bankruptcy Of 500 More
(RTTNews) - China proposes to approve bankruptcy proceedings of about 500 more struggling state-owned enterprises by the end of this year. This was revealed by China's Assets Supervision and Administration Commission of the State Council. (Tue, 05 Dec 2006 17:53:28 GMT)

Palm Beach Princess operator seeks bankruptcy protection
The Palm Beach Casino Line, which operates the Port of Palm Beach's sole passenger ship, Palm Beach Princess, filed for protection from creditors Monday in U.S. Bankruptcy Court. (Tue, 05 Dec 2006 18:33:37 GMT)

China to approve bankruptcy of over 500 SOEs by the end of 2006
China plans to approve the bankruptcy of around 500 more struggling state-owned enterprises (SOE) by the end of this year. (Wed, 06 Dec 2006 01:25:53 GMT)

Company files for bankruptcy, but won't stop daily sailing
The company that runs the Palm Beach Princess day cruise ship from the Port of Palm Beach said Tuesday that it filed for Chapter 11 bankruptcy protection to preserve its ongoing business while it restructures its finances. (Wed, 06 Dec 2006 08:20:50 GMT)

A Viable Alternative to Bankruptcy
(ARA) - If you're carrying thousands of dollars in credit card debt, struggling to pay the rent every month and getting calls from collections agencies, you might be considering bankruptcy. Yet for almost all circumstances, a good financial advisor will tell you that's the last thing you should do. (Wed, 06 Dec 2006 09:24:55 GMT)

Briefs: Bankruptcy won’t close staffing firm
Tower Personnel Staffing has filed for bankruptcy but will continue to operate while it reorganizes its debt. (Wed, 06 Dec 2006 10:06:50 GMT)

Refco moving ahead with bankruptcy exit
A federal judge on Tuesday approved Refco Inc.'s $2.3 million settlement with a customer who deposited money in the bankrupt commodity trader's accounts just as it was filing for bankruptcy. (Wed, 06 Dec 2006 10:33:36 GMT)

Dana seeks extension of bankruptcy-exit filing
Dana Corp., Toledo's largest company, which has been in bankruptcy since March, has asked the court for an eight-month extension on its time to file a bankruptcy-exit plan. (Wed, 06 Dec 2006 11:39:59 GMT)

Bankruptcy filings drop after change
Bankruptcy filings fell sharply across New Jersey and the United States in fiscal 2006, reflecting a change in the law that made the process more difficult for individuals. (Wed, 06 Dec 2006 12:02:31 GMT)

Pittsburgh Brewing seeks OK from bankruptcy court on $500k loan
Pittsburgh Brewing Co. is seeking bankruptcy court approval to tap a $500,000 debtor-in-possession loan so that it can keep its beer flowing during the holiday season and early next year. (Wed, 06 Dec 2006 18:04:25 GMT)

Top US GOP Senators Opposed To Unraveling Bankruptcy Act
WASHINGTON -(Dow Jones)- Two key U.S. Senate Republicans signaled Wednesday they will oppose any effort to unravel a sweeping reform of bankruptcy laws enacted last year. (Wed, 06 Dec 2006 21:37:46 GMT)

Bankruptcy Law's 1-Year Report Card
Bankruptcy filings have dropped dramatically in the year since a law went into effect aimed at curbing abuse of the system. But it's too soon to gauge the act's effectiveness, the legislation's most ardent supporters said Wednesday at a hearing held to study the law's impact. (Wed, 06 Dec 2006 23:09:27 GMT)

Bankruptcy law\'s 1-year report card
About 750,000 personal bankruptcy cases were filed in the month before the law went into effect Oct. 17, 2005, compared to fewer than 500,000 cases in the past 12 months. (Wed, 06 Dec 2006 23:11:41 GMT)

Red Raider Outfitter Plans to File For Bankruptcy
NewsChannel 11 has just learned Red Raider Outfitter is planning to file for bankruptcy. (Thu, 07 Dec 2006 01:15:58 GMT)

Red Raider Outfitter Files for Bankruptcy
Despite efforts from students and other local businesses, a local Red Raider clothing store could soon be closing it’s doors. Red Raider Outfitter owners announced Wednesday they are filing for bankruptcy after mediation talks over a trademark lawsuit with Texas Tech fell through. (Thu, 07 Dec 2006 03:50:05 GMT)

Red Raider Outfitter To File Bankruptcy
Mediation talks between Texas Tech University and Red Raider Outfitter have failed. After nine hours of talks, they couldn't come to an agreement, so now the T-shirt shop is preparing to file for bankruptcy. NewsChannel 11's Ben Lawson has the story. (Thu, 07 Dec 2006 05:15:17 GMT)

House passes bill to allow tithing during bankruptcy
WASHINGTON - Congress has passed legislation co-sponsored by Sen. Orrin Hatch, R-Utah, that would allow a person to contribute to charity or pay religious tithing during the course of a consumer bankruptcy. The bill, also sponsored by Sen. Barack Obama, D-Ill., passed the House on Wednesday; the Senate approved the measure in September. "Congress has a long history of protecting our religious (Thu, 07 Dec 2006 08:40:40 GMT)

Outgames Files For Bankruptcy Protection
(Montreal) Montreal's World Outgames has reportedly declared bankruptcy. According to the French-language TV channel LCN, the organizing committee of last summer's gay sporting event has been placed under bankruptcy protection. (Thu, 07 Dec 2006 16:07:37 GMT)

A Viable Alternative to Bankruptcy
(ARA) - If you're carrying thousands of dollars in credit card debt, struggling to pay the rent every month and getting calls from collections agencies, you might be considering bankruptcy. Yet for almost all circumstances, a good financial advisor will tell you that's the last thing you should do. (Thu, 07 Dec 2006 21:15:23 GMT)

Adelphia Moves Closer to Bankruptcy Exit
A lawyer for creditors of the defunct cable operator Adelphia said Thursday that several remaining disputes had been resolved, giving the debtor sufficient approval of its plan to exit bankruptcy. (Thu, 07 Dec 2006 21:54:40 GMT)

Dubuque's Gannon Center Files for Bankruptcy
DUBUQUE - Months after closing its doors, Dubuque's Gannon Center has filed for bankruptcy. The mental health and substance abuse center struggled with financial problems for several years. (Thu, 07 Dec 2006 22:22:21 GMT)

Yoyogi Animation Institute Declares Bankruptcy
Yoyogi Live Animation, the parent company of Yoyogi Animation Institute, a training school specializing in anime and videogame creation, declared bankruptcy in Tokyo District Court on the 6th of this month. (Fri, 08 Dec 2006 04:34:20 GMT)

Reuther: Company not affected by bankruptcy
NATCHEZ — The president of a company discussing privatization with the city said Wednesday a recent bankruptcy case will have no bearing on his management abilities. (Fri, 08 Dec 2006 06:47:08 GMT)

Meridian Automotive bankruptcy plan OK’d by court
Allen Park-based auto parts supplier Meridian Automotive Systems Inc. on Thursday said its reorganization plan to emerge from Chapter 11 bankruptcy has been approved by the U.S. Bankruptcy Court for the District of Delaware. (Fri, 08 Dec 2006 08:25:48 GMT)

Adelphia bankruptcy case in final stage
Adelphia Communications Corporation is set to emerge from bankruptcy after several remaining disputes with creditors were resolved. (Fri, 08 Dec 2006 10:57:28 GMT)

Capitalia chairman convicted for bankruptcy by Brescia court UPDATE
MILAN (AFX) - Capitalia SpA said chairman Cesare Geronzi and board member Roberto Colaninno, who is also chairman of Piaggio SpA, were convicted for bankruptcy by a court in Brescia in relation to the Bagaglino/Italcase case. (Fri, 08 Dec 2006 11:56:22 GMT)

Blazers owner Paul Allen settles bankruptcy claims
Trail Blazers owner Paul Allen and his affiliated companies paid more than $14 million to settle claims related to the bankruptcy of the Oregon Arena Corporation. (Fri, 08 Dec 2006 15:30:21 GMT)

Meridian Auto to Exit Bankruptcy in '06
Meridian Automotive Systems Inc. said it expects to exit bankruptcy proceedings by the end of December, having won court approval for its Chapter 11 plan. (Fri, 08 Dec 2006 16:41:29 GMT)

Meridian Auto to exit bankruptcy in \'06
On Wednesday, Judge Mary F. Walrath of the U.S. Bankruptcy Court in Wilmington, Del., approved the auto parts maker\'s strategy for staying in business outside the protection of Chapter 11. (Fri, 08 Dec 2006 16:57:21 GMT)

A Viable Alternative to Bankruptcy
(ARA) - If you're carrying thousands of dollars in credit card debt, struggling to pay the rent every month and getting calls from collections agencies, you might be considering bankruptcy. Yet for almost all circumstances, a good financial advisor will tell you that's the last thing you should do. (Fri, 08 Dec 2006 19:09:47 GMT)

Anaheim manufacturer lays off about 200, files for bankruptcy
APW Enclosure Systems was a maker of computer cabinets. APW Enclosure Systems Inc. , an Anaheim manufacturer of computer cabinets, filed for bankruptcy and laid off about 200 people in the past couple of weeks. (Fri, 08 Dec 2006 19:31:35 GMT)

Top Tower Records Execs Get Bankruptcy Bonuses
Two top executives who remain at the defunct Tower Records will collect undisclosed bonuses under an order signed by a bankruptcy judge this week. (Fri, 08 Dec 2006 23:30:54 GMT)

Kahuku Hospital board stays bankruptcy decision
The Kahuku Hospital board of directors voted unanimously today to temporarily suspend filing for Chapter 7 bankruptcy to give the state time to acquire the rural hospital or affiliate it with the Hawai'i Health Systems Corp. (Sat, 09 Dec 2006 02:15:55 GMT)

Reuther: Company not affected by bankruptcy
NATCHEZ — The president of a company discussing privatization with the city said Wednesday a recent bankruptcy case will have no bearing on his management abilities. (Sat, 09 Dec 2006 06:48:09 GMT)

Utah bankruptcy filings rose in November, fell for year
The number of Utahns filing for bankruptcy increased to 419 in November, up from 158 filings in November 2005, according to the U.S. Bankruptcy Court for the District of Utah. (Sat, 09 Dec 2006 08:06:16 GMT)

Judge rules against 2005 bankruptcy law
A portion of the new U.S. bankruptcy law unfairly restricts attorneys and violates the First Amendment, a U.S. District Court judge in Minneapolis ruled this week. (Sat, 09 Dec 2006 09:11:37 GMT)

Bankruptcy
One Douglas County resident filed for bankruptcy protection during the week ended Thursday in U.S. Bankruptcy Court in the District of Kansas, according to court records: (Sun, 10 Dec 2006 06:26:06 GMT)

Books, Bills ... Bankruptcy
The financial problems of Victoria charter school Outreach Word Academy date back to the school's opening in 2002, according to documents acquired by the Advocate. (Sun, 10 Dec 2006 06:27:43 GMT)

Reuther: Company not affected by bankruptcy
NATCHEZ — The president of a company discussing privatization with the city said Wednesday a recent bankruptcy case will have no bearing on his management abilities. (Sun, 10 Dec 2006 06:48:36 GMT)

A Viable Alternative to Bankruptcy
(ARA) - If you're carrying thousands of dollars in credit card debt, struggling to pay the rent every month and getting calls from collections agencies, you might be considering bankruptcy. Yet for almost all circumstances, a good financial advisor will tell you that's the last thing you should do. (Sun, 10 Dec 2006 10:29:23 GMT)

Bankruptcy down, but is law a success?
WASHINGTON - Bankruptcy filings have dropped dramatically in the year since a law went into effect aimed at curbing abuse of the system. But it's too soon to gauge the act's effectiveness, the legislation's most ardent supporters said Wednesday at a hearing held to study the law's impact. (Sun, 10 Dec 2006 12:11:46 GMT)

Archdiocese bankruptcy may be nearing settlement
After declaring bankruptcy more than two years ago, the Archdiocese of Portland may soon settle with alleged victims of priest sex abuse. A pair of judges have scheduled a Monday news conference at a federal courthouse in Eugene. (Sun, 10 Dec 2006 18:39:13 GMT)

Glass & Powder Boardshop emerging from bankruptcy
Scott Dickens and his business partners at Glass & Powder Boardshop are relieved these days. A U.S. Bankruptcy Court judge approved a plan last week spelling out how the retailer will repay its creditors. (Mon, 11 Dec 2006 02:50:50 GMT)

Flight delay: Southeast Airlines creditors seek bankruptcy petition
Largo -- It's been nearly two years since Southeast Airlines Inc. abruptly shut down at St. Petersburg Clearwater International Airport, leaving employees and passengers in a lurch. Now, three major creditors of the long defunct airline have filed an involuntary Chapter 7 bankruptcy petition in the U.S. Bankruptcy Court, Middle District of Florida. (Mon, 11 Dec 2006 05:34:07 GMT)

Yoyogi Animation Institute Declares Bankruptcy
Yoyogi Live Animation, the parent company of Yoyogi Animation Institute, a training school specializing in anime and videogame creation, declared bankruptcy in Tokyo District Court on the 6th of this month. (Mon, 11 Dec 2006 05:39:47 GMT)

Reuther: Company not affected by bankruptcy
NATCHEZ — The president of a company discussing privatization with the city said Wednesday a recent bankruptcy case will have no bearing on his management abilities. (Mon, 11 Dec 2006 06:19:02 GMT)

Portland archdiocese bankruptcy may be nearing settlement
More than two years after the Archdiocese of Portland became the first Roman Catholic diocese in the nation to declare bankruptcy, a settlement... (Mon, 11 Dec 2006 08:26:12 GMT)

Homebuilder's bankruptcy affects many
Stephen Clark is pretty blunt when he talks about how the bankruptcy of Kara Homes Inc., his largest customer, has shaken his life. (Mon, 11 Dec 2006 08:51:07 GMT)

Reuther: Company not affected by bankruptcy
NATCHEZ — The president of a company discussing privatization with the city said Wednesday a recent bankruptcy case will have no bearing on his management abilities. (Mon, 11 Dec 2006 16:34:53 GMT)

A Viable Alternative to Bankruptcy
(ARA) - If you're carrying thousands of dollars in credit card debt, struggling to pay the rent every month and getting calls from collections agencies, you might be considering bankruptcy. Yet for almost all circumstances, a good financial advisor will tell you that's the last thing you should do. (Mon, 11 Dec 2006 16:42:25 GMT)

Settlement may be near in archdiocese bankruptcy
EUGENE (AP) - Two judges who have been mediating months of secret talks in the Roman Catholic Archdiocese of Portland bankruptcy case have scheduled a news conference today, possibly involving a settlement. (Mon, 11 Dec 2006 19:35:34 GMT)

Portland Archdiocese Settles Bankruptcy Case
The Catholic Archdiocese of Portland has settled its two and a half year old bankruptcy case. (Mon, 11 Dec 2006 20:37:33 GMT)

WKBW-TV parent files for bankruptcy
Granite Broadcasting Corp. said late Monday afternoon that it filed for Chapter 11 bankruptcy protection in order to reduce its debt load by $275 million. (Mon, 11 Dec 2006 22:36:12 GMT)

Granite Broadcasting files for bankruptcy
Granite Broadcasting Corp., which owns WISE-TV, Channel 33, and operates WPTA, Channel 21, as well as WISE-TV, has filed for reorganization under Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of New York. (Mon, 11 Dec 2006 23:16:10 GMT)

Comair Pilots Vote For Union Representatives To Strike If Bankruptcy Court Rejects Contract- Quick Facts
(RTTNews) - Comair pilots, represented by the Air Line Pilots Association International or ALPA, voted to authorize their union representatives to strike if their contract is rejected in bankruptcy court. (Tue, 12 Dec 2006 03:23:06 GMT)

WBNG owner files for bankruptcy
Granite Broadcasting Corp. announced Monday that it, along with some of its subsidiaries, has voluntarily filed petitions for reorganization under Chapter 11 bankruptcy code. (Tue, 12 Dec 2006 07:43:40 GMT)

Cooley's Bankruptcy & Restructuring Team Wins Two Trials on Behalf of Unsecured Creditors in Troutman's Emporium ...
Cooley Godward Kronish's Bankruptcy & Restructuring practice group has secured two winning verdicts in recent trials in the Troutman's Emporium bankruptcy case. (Tue, 12 Dec 2006 12:00:00 GMT)

WKBW-TV parent files for bankruptcy
Granite Broadcasting Corp. said late Monday afternoon that it filed for Chapter 11 bankruptcy protection in order to reduce its debt load by $275 million. (Tue, 12 Dec 2006 12:07:28 GMT)

GBTVK: Files Petition for Chapter 11 Bankruptcy Reorganization
Granite Broadcasting Corporation (GBTVK) announced that it has voluntarily filed petitions for reorganization under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. This filing included a plan of reorganization that has been pre-negotiated with the Company's secured debt holders and is designed to protect Granite's ... (Tue, 12 Dec 2006 12:55:41 GMT)

WBNG owner files for bankruptcy
Granite Broadcasting Corp. announced Monday that it, along with some of its subsidiaries, has voluntarily filed petitions for reorganization under Chapter 11 bankruptcy code. (Tue, 12 Dec 2006 13:34:24 GMT)

Downtown clothier files for bankruptcy
The company that owns downtown landmark Jerry's Man Shop has filed for bankruptcy. The Hamilton clothier lasted 90 years and survived the Depression, but yesterday the director of numbered companies that own it and a sister store in Burlington threw in the towel. (Tue, 12 Dec 2006 13:51:10 GMT)

WEEK-TV's parent firm files for bankruptcy
PEORIA - Granite Broadcasting Co., WEEK-TV's parent company since 1988, and several of its subsidiaries voluntarily filed petitions Monday for Chapter 11 bankruptcy reorganization. (Tue, 12 Dec 2006 14:35:45 GMT)

Settlement may be near in archdiocese bankruptcy
EUGENE (AP) - Two judges who have been mediating months of secret talks in the Roman Catholic Archdiocese of Portland bankruptcy case have scheduled a news conference today, possibly involving a settlement. (Tue, 12 Dec 2006 15:44:58 GMT)

Reuther: Company not affected by bankruptcy
NATCHEZ — The president of a company discussing privatization with the city said Wednesday a recent bankruptcy case will have no bearing on his management abilities. (Wed, 13 Dec 2006 06:36:25 GMT)

Rose arena bankruptcy nears an end
Almost three years after billionaire Paul Allen put Oregon Arena Corp. into bankruptcy -- triggering a chain of events that nearly led him to sell the Portland Trail Blazers -- the case is drawing to a close. (Wed, 13 Dec 2006 08:23:46 GMT)

Bankruptcy-era broker Merrill Lynch embraced
Orange County on Tuesday fully restored its relationship with Merrill Lynch & Co., the brokerage house blamed in part for the county's 1994 bankruptcy, as the Board of Supervisors adopted a list of financial service providers that included the firm. (Wed, 13 Dec 2006 11:29:32 GMT)

Rose Garden arena bankruptcy case ready to wrap up
The trustee for the now-defunct company that ran the Rose Garden arena has asked the U.S. Bankruptcy Court in Portland to approve final housekeeping matters and close the case after Dec. 21, if no one objects. (Wed, 13 Dec 2006 18:04:26 GMT)

Bankruptcy court approves sale of Soho condos
Soho Condominiums, a partially complete housing project on South Fifth Street that was stalled by bankruptcy, is getting a new owner to complete the development. (Wed, 13 Dec 2006 18:57:32 GMT)

Orange County, 12 Years After Bankruptcy, OKs Merrill (Update1)
Dec. 13 (Bloomberg) -- Orange County, California, officials voted to let Merrill Lynch & Co. compete for bond underwriting business for the first time since the securities firm sold the county derivatives that led to the biggest municipal bankruptcy in U.S. history 12 years ago. (Wed, 13 Dec 2006 21:50:47 GMT)

Delphi to seek more time to develop its bankruptcy exit plan
NEW YORK -- A lawyer for Delphi Corp. said the company intends to request more time to develop a bankruptcy reorganization plan, although he said the company still expects to exit... (Wed, 13 Dec 2006 23:33:51 GMT)

Reuther: Company not affected by bankruptcy
NATCHEZ — The president of a company discussing privatization with the city said Wednesday a recent bankruptcy case will have no bearing on his management abilities. (Thu, 14 Dec 2006 06:36:30 GMT)

A Viable Alternative to Bankruptcy
(ARA) - If you're carrying thousands of dollars in credit card debt, struggling to pay the rent every month and getting calls from collections agencies, you might be considering bankruptcy. Yet for almost all circumstances, a good financial advisor will tell you that's the last thing you should do. (Thu, 14 Dec 2006 06:49:18 GMT)

Delphi wants more time for bankruptcy exit plan
NEW YORK -- A lawyer for Delphi Corp. said the company intends to request more time to develop a bankruptcy reorganization plan, although he said the company still expects to exit bankruptcy by the middle of 2007. (Thu, 14 Dec 2006 07:53:46 GMT)

Fischer Air Polska bounces back from near bankruptcy
From Poland A.M. Fischer Air Polska, which only recently appeared doomed to bankruptcy, has managed to pay off its debts, acquire 16 investors and is thinking of entering the Warsaw Stock Exchange (WSE). (Thu, 14 Dec 2006 07:54:40 GMT)

Bankruptcy case for Rose Garden ending
The Oregon Arena Corp. bankruptcy case is nearly finished almost three years after billionaire Paul Allen set off a chain of events that nearly led him to sell the Portland Trail Blazers. (Thu, 14 Dec 2006 08:09:30 GMT)

NWA pilots sell part of bankruptcy claim
Northwest Airlines said Wednesday that the carrier will allow its pilots to conduct an early sale of part of their $888 million bankruptcy claim. (Thu, 14 Dec 2006 16:12:07 GMT)

Skipper's files for bankruptcy protection
Skipper's Inc., a chain of seafood restaurants that once operated more than 200 locations in the Northwest, has filed for Chapter 11 bankruptcy protection. (Thu, 14 Dec 2006 19:00:06 GMT)

NWA pilots sell part of bankruptcy claim
Northwest Airlines said Wednesday it will allow its pilots to conduct an early sale of part of their $888 million bankruptcy claim. (Thu, 14 Dec 2006 21:20:58 GMT)

Bankruptcy has Delphi asking for more time
Delphi wants more time to develop a bankruptcy reorganization plan. (Thu, 14 Dec 2006 23:16:22 GMT)

Skipper's Chain Files for Bankruptcy
Skipper's Inc., which operates 59 seafood restaurants in five Western states, has filed for Chapter 11 bankruptcy protection, mostly because of unpaid federal taxes. (Thu, 14 Dec 2006 23:37:08 GMT)

Eurotunnel Bondholders Back Debt Plan, Set Bankruptcy Exit Path
Dec. 14 (Bloomberg) -- Eurotunnel SA, operator of the tunnel linking the U.K. and France, may exit bankruptcy protection after bondholders, including Deutsche Bank AG, today approved the company's plan to cut the company's 6.2 billion pounds ($12.2 billion) of debt. (Fri, 15 Dec 2006 00:02:43 GMT)

Eurotunnel Bondholders Back Debt Plan, Set Bankruptcy Exit Path
Dec. 15 (Bloomberg) -- Eurotunnel SA, operator of the tunnel linking the U.K. and France, may exit bankruptcy protection after bondholders, including Deutsche Bank AG, approved the company's plan to cut the company's 6.2 billion pounds ($12.2 billion) of debt. (Fri, 15 Dec 2006 00:33:03 GMT)

Reuther: Company not affected by bankruptcy
NATCHEZ — The president of a company discussing privatization with the city said Wednesday a recent bankruptcy case will have no bearing on his management abilities. (Fri, 15 Dec 2006 05:51:36 GMT)

Statesman looking for people who filed bankruptcy
The Idaho Statesman plans a story examining the impact of last year's federal bankruptcy reform legislation on Idahoans. (Fri, 15 Dec 2006 07:25:32 GMT)

A Viable Alternative to Bankruptcy
(ARA) - If you're carrying thousands of dollars in credit card debt, struggling to pay the rent every month and getting calls from collections agencies, you might be considering bankruptcy. Yet for almost all circumstances, a good financial advisor will tell you that's the last thing you should do. (Fri, 15 Dec 2006 11:32:55 GMT)

Winn-Dixie to pay $25M in bankruptcy fees
Winn-Dixie Stores Inc. will pay $25.2 million for professional services related to its bankruptcy over a four-month period ended Sept. 30. (Fri, 15 Dec 2006 14:43:39 GMT)

Bankruptcy Court OKs Mirant Settlement
Wholesale energy marketer Mirant Corp. on Friday said a bankruptcy court has approved the settlement reached between certain of its New York subsidiaries still in bankruptcy and local jurisdictions over disputed property taxes. (Fri, 15 Dec 2006 15:36:40 GMT)

Refco Bankruptcy Repayment Plan Approved by Judge (Update1)
Dec. 15 (Bloomberg) -- Refco Inc., the futures trader that went bankrupt after its top executive was accused of fraud, won approval of its bankruptcy plan and can begin distributing $4.1 billion to cover claims. (Fri, 15 Dec 2006 20:39:48 GMT)

Refco Bankruptcy Repayment Plan Approved by Judge (Update2)
Dec. 15 (Bloomberg) -- Refco Inc., the futures trader that went bankrupt after its top executive was accused of fraud, won approval of its bankruptcy plan and can begin distributing more than $4 billion to cover claims. (Fri, 15 Dec 2006 21:10:37 GMT)

Refco reorganization approved by bankruptcy judge
NEW YORK, Dec 15 (Reuters) - A U.S. bankruptcy judge on Friday approved futures brokerage Refco Inc.'s plan to repay creditors, ending a chapter in a more than year-long saga. (Fri, 15 Dec 2006 22:02:28 GMT)

Refco bankruptcy plan cleared; Cerberus buys Bawag
SAN FRANCISCO (MarketWatch) - Refco Inc., the derivatives broker that collapsed in scandal last year, said late Friday that its Chapter 11 plan was confirmed by a New York bankruptcy court, clearing the way for its businesses to be finally shut down and creditors repaid a portion of what they were owed. (Fri, 15 Dec 2006 22:39:07 GMT)

Reuther: Company not affected by bankruptcy
NATCHEZ — The president of a company discussing privatization with the city said Wednesday a recent bankruptcy case will have no bearing on his management abilities. (Sat, 16 Dec 2006 06:37:32 GMT)

Bankruptcy judge approves pay cuts for Comair workers
Delta Air Lines Inc.'s commuter carrier won a bankruptcy judge's approval to cut wages for flight attendants and mechanics and end contributions to their pension plans. (Sat, 16 Dec 2006 07:52:14 GMT)

A Viable Alternative to Bankruptcy
(ARA) - If you're carrying thousands of dollars in credit card debt, struggling to pay the rent every month and getting calls from collections agencies, you might be considering bankruptcy. Yet for almost all circumstances, a good financial advisor will tell you that's the last thing you should do. (Sat, 16 Dec 2006 09:05:11 GMT)

Judge says he will OK Refco's plan for leaving bankruptcy
A federal judge Friday signed off on Refco Inc.'s Chapter 11 plan, clearing the way for the commodities brokerage to exit bankruptcy by paying creditors a fraction of the $16.8 billion they were owed. (Sat, 16 Dec 2006 11:40:12 GMT)

A Viable Alternative to Bankruptcy
(ARA) - If you're carrying thousands of dollars in credit card debt, struggling to pay the rent every month and getting calls from collections agencies, you might be considering bankruptcy. Yet for almost all circumstances, a good financial advisor will tell you that's the last thing you should do. (Sun, 17 Dec 2006 01:52:31 GMT)

Bankruptcy pokes hole in property tax laws
Buried within the 57-page list of properties that went up for county tax sale two months ago were 13 little pieces of land in Gary that have been kept off of such lists for more than a decade through bankruptcy protection. (Sun, 17 Dec 2006 06:12:51 GMT)

Reuther: Company not affected by bankruptcy
NATCHEZ — The president of a company discussing privatization with the city said Wednesday a recent bankruptcy case will have no bearing on his management abilities. (Sun, 17 Dec 2006 06:23:00 GMT)

Refco bankruptcy plan cleared; Cerberus buys Bawag
SAN FRANCISCO (MarketWatch) - Refco Inc., the derivatives broker that collapsed in scandal last year, said late Friday that its Chapter 11 plan was confirmed by a New York bankruptcy court, clearing the way for its businesses to be finally shut down and creditors repaid a portion of what they were owed. (Sun, 17 Dec 2006 11:30:41 GMT)

Judge says he will OK Refco's plan for leaving bankruptcy
A federal judge Friday signed off on Refco Inc.'s Chapter 11 plan, clearing the way for the commodities brokerage to exit bankruptcy by paying creditors a fraction of the $16.8 billion they were owed. (Sun, 17 Dec 2006 12:30:07 GMT)

After Bankruptcy Filing, Recriminations Fly at Air America
As it plans its return from bankruptcy, Air America has suffered defections of affiliated stations and faces the likely departure of Al Franken. (Mon, 18 Dec 2006 03:38:15 GMT)

A Viable Alternative to Bankruptcy
(ARA) - If you're carrying thousands of dollars in credit card debt, struggling to pay the rent every month and getting calls from collections agencies, you might be considering bankruptcy. Yet for almost all circumstances, a good financial advisor will tell you that's the last thing you should do. (Mon, 18 Dec 2006 05:32:59 GMT)

Burr Wolff pieces plucked before bankruptcy
Tax services firm Burr Wolff LP filed for Chapter 7 bankruptcy this week, just days after selling off some segments of its operations to an acquisition-hungry Dallas accounting and tax consulting company. (Mon, 18 Dec 2006 05:34:38 GMT)

Fountain Imaging centers bought out of bankruptcy
The operator of a Miami pain management center will purchase the four Fountain Imaging locations out of bankruptcy court. (Mon, 18 Dec 2006 05:35:26 GMT)

Bankruptcy filings drop 67% in year following reform
The number of bankruptcies filed in the Piedmont Triad during the last 12 months has fallen 67 percent when compared with the same time period last year, according to data from the U.S. Bankruptcy Court Middle District of North Carolina. (Mon, 18 Dec 2006 05:35:35 GMT)

Reuther: Company not affected by bankruptcy
NATCHEZ — The president of a company discussing privatization with the city said Wednesday a recent bankruptcy case will have no bearing on his management abilities. (Mon, 18 Dec 2006 06:24:28 GMT)

Bankruptcy filings
The following people and organizations filed for bankruptcy protection from the U.S. Northern District Bankruptcy Court from Dec. 8-13. Sharon I. Kenderish of 6 Kinney St. filed for Chapter 13 on Dec. 11. (Mon, 18 Dec 2006 07:54:09 GMT)

Delta to file 'no-merger' bankruptcy plan soon
In a bankruptcy reorganization plan expected to be filed as soon as Tuesday, Delta is valuing its company at $10 billion to $12 billion, according to The Wall Street Journal (subscription required). In its report, the Journal cites people familiar... (Mon, 18 Dec 2006 13:25:13 GMT)

Delta Tries to Trump US Airways Buyout Through Bankruptcy
WSJ cites "people familiar with the matter" in speculating that Delta Air Lines Inc., in its effort to thwart US Airways Group's $8.4 billion hostile merger bid, is expected to file a sweeping bankruptcy reorganization plan that values the company at $10-$12 billion. (Mon, 18 Dec 2006 14:28:21 GMT)

Winn-Dixie to pay $25M in bankruptcy fees
Winn-Dixie Stores Inc. will pay $25.2 million for professional services related to its bankruptcy over a four-month period ended Sept. 30. (Mon, 18 Dec 2006 16:09:16 GMT)

UPDATE: Delta Races To File Bankruptcy Plan As U.S. Airways' Bid Looms
SAN FRANCISCO (Dow Jones) -- Delta Air Lines is planning to submit its bankruptcy reorganization plan any day, the company said Monday, a step that's expected to narrow the chances U.S. Airways will succeed in its unsolicited bid for Delta. (Mon, 18 Dec 2006 19:54:12 GMT)

Steinway lead bidder at Woodwind & Brasswind bankruptcy auction
A federal bankruptcy judge chose Steinway Musical Instruments Inc.'s Conn-Selmer subsidiary as the lead bidder in the auction of bankrupt music retailer Woodwind & Brasswind, according to Woodwind & Brasswind President Dennis Bamber. (Mon, 18 Dec 2006 22:20:27 GMT)

$3.4B boost may help Delphi out of bankruptcy
Delphi Corp. said Monday that private equity firms will invest up to $3.4 billion in the auto parts maker — a key in its bid to emerge from court-supervised bankruptcy reorganization by mid-2007. (Tue, 19 Dec 2006 05:42:22 GMT)

Reuther: Company not affected by bankruptcy
NATCHEZ — The president of a company discussing privatization with the city said Wednesday a recent bankruptcy case will have no bearing on his management abilities. (Tue, 19 Dec 2006 06:09:58 GMT)

Delphi announces stock deal: Investment will help firm emerge from bankruptcy
DETROIT - Delphi Corp., the nation's largest auto supplier, announced Monday key decisions toward emerging from bankruptcy in a way that would protect UAW pensions, deliver better prices to former parent General Motors Corp. and provide a measure of stability for Michigan as the parts-making giant gets back on its feet. (Tue, 19 Dec 2006 09:29:13 GMT)

Ore. archdiocese offers bankruptcy plan
The Roman Catholic Archdiocese of Portland has filed a bankruptcy reorganization plan that would pay about $75 million to settle nearly 170 claims of priest sex abuse. (Tue, 19 Dec 2006 11:58:28 GMT)

Ore. archdiocese offers bankruptcy plan
The Roman Catholic Archdiocese of Portland has filed a bankruptcy reorganization plan that would pay about $75 million to settle nearly 170 claims of priest sex abuse. (Wed, 20 Dec 2006 00:08:33 GMT)

Delta Bankruptcy Plan Nixes Merger Proposal
ATLANTA - Delta Air Lines filed a reorganization plan Tuesday that calls for it to emerge from bankruptcy in the spring as a stand-alone company worth as much as $12 billion, which would be more than the market value of the nation's two biggest carriers combined. (Wed, 20 Dec 2006 01:35:07 GMT)

Judge recoils at Dana bankruptcy expenses
NEW YORK -- A judge on Tuesday rejected a request for expenses racked up by the army of lawyers and consultants working on Dana Corp.'s bankruptcy reorganization, citing such extravagances as $300 taxi rides and $9,000 airfares. (Wed, 20 Dec 2006 06:15:38 GMT)

Reuther: Company not affected by bankruptcy
NATCHEZ — The president of a company discussing privatization with the city said Wednesday a recent bankruptcy case will have no bearing on his management abilities. (Wed, 20 Dec 2006 06:25:50 GMT)

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