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Home > Bankruptcy News

Bankruptcy News Dec 2006

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Delta plans to emerge from bankruptcy
ATLANTA — Delta Air Lines filed a reorganization plan Tuesday that calls for it to emerge from bankruptcy next spring as a standalone 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 07:18:26 GMT)

Delta snubs US Air in bankruptcy plan
ATLANTA — Delta Air Lines Inc. filed a reorganization plan Tuesday that called for it to emerge from bankruptcy next spring as a stand-alone company worth as much as $12 billion, or slightly more than the combined market value of the nation's two biggest carriers. (Wed, 20 Dec 2006 08:14:06 GMT)

Delta files plan to emerge from bankruptcy
Atlanta -- Delta Air Lines filed a reorganization plan Tuesday that calls for it to emerge from bankruptcy next spring as a standalone company worth as much as $12 billion, or slightly more than the combined market value of the nation's two biggest carriers. (Wed, 20 Dec 2006 09:05:54 GMT)

Judge rails against fees by bankruptcy consultants
A judge Tuesday rejected a request for expenses by lawyers and consultants working on Dana Corp.'s bankruptcy reorganization, citing $300 taxi rides and $9,000 airfares. (Wed, 20 Dec 2006 10:16:08 GMT)

Delta files plan to exit bankruptcy
Delta Air Lines Inc. filed a reorganization plan Tuesday that calls for it to emerge from Chapter 11 bankruptcy protection in the spring as a stand-alone company. It also said that its board has formally rejected US Airways' $8.3 billion hostile takeover bid to create the nation's largest airline. (Wed, 20 Dec 2006 10:30:41 GMT)

Delta files plan to end its bankruptcy intact
Delta Air Lines filed a reorganization plan Tuesday that calls for it to emerge from bankruptcy next spring as a stand-alone company worth as much as $12 billion, or slightly more than the combined market value of the nation's two biggest carriers. (Wed, 20 Dec 2006 11:06:07 GMT)

One IP Voice Files for Bankruptcy and Receives Preliminary Order to Use Cash Collateral
One IP Voice, Inc. (BULLETIN BOARD: OIVO) today announced that it filed for relief under Chapter 11 of the U.S. Bankruptcy Code on Wednesday, December 13, 2006 in Hartford and that, on December 19, 2006, a preliminary order to use cash collateral through December 29, 2006 was entered by the Court. One IP Voice has retained the firm Development Specialists, Inc. of Chicago, IL to assist it in ... (Thu, 21 Dec 2006 05:29:43 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. (Thu, 21 Dec 2006 06:41:56 GMT)

Tower Auto gets $250M for bankruptcy exit plan
WASHINGTON -- Tower Automotive Inc. said it reached a deal with a group of investors that will permit the company to raise $250 million to help finance its exit from bankruptcy. (Thu, 21 Dec 2006 06:57:12 GMT)

Committee formed in bankruptcy case
A creditors committee has been formed in the bankruptcy case for the Diocese of Davenport. (Thu, 21 Dec 2006 07:25:26 GMT)

Tower files bankruptcy exit plan
Tower Automotive Corp. said Wednesday it is ready to emerge from bankruptcy because three creditors have agreed to invest up to $250 million to help restructure the company. The announcement puts Tower in company with two other large, local auto-parts makers that appear to be close to emerging from bankruptcy-court protection. (Thu, 21 Dec 2006 09:47:40 GMT)

Chicago company files for bankruptcy
Home Products International Inc., a Southwest Side-based maker of household products, said Wednesday it's filed for bankruptcy reorganization. The company, which makes plastic storage bins, clothes hangers and other products, said it will continue operations under bankruptcy protection. (Thu, 21 Dec 2006 10:21:00 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, 21 Dec 2006 10:29:45 GMT)

Racetrack's bankruptcy court hearing postponed
A court hearing scheduled today in the Vernon Downs bankruptcy case has been postponed to Jan. 30. (Thu, 21 Dec 2006 10:30:24 GMT)

Smart Papers out of bankruptcy reorganization
Smart Papers LLC, which operates the former Champion paper mill in Hamilton, expects to start the new year with new ownership - and out of Chapter 11 bankruptcy reorganization. (Thu, 21 Dec 2006 10:33:55 GMT)

Bankruptcy for World Trade Club
SAN FRANCISCO - The defunct World Trade Club of San Francisco filed for a Chapter 7 bankruptcy last month and will hold a liquidation auction Jan. 7, according to the attorney for the bankruptcy trustee. (Thu, 21 Dec 2006 10:47:24 GMT)

US Airways: Delta's Estimate Of Post-Bankruptcy Value Unrealistic
ATLANTA -- Delta Air Lines Inc.' projection that it will be worth as much as $12 billion when it emerges from bankruptcy protection is "unrealistic," US Airways Chief Executive Doug Parker said Thursday as his company pushes ahead with its hostile bid to buy Delta. (Thu, 21 Dec 2006 19:46:57 GMT)

US Airways: Delta's projected post-bankruptcy value 'unrealistic'
Delta Air Lines' projection that it will be worth as much as $12 billion when it emerges from bankruptcy is "unrealistic," US Airways Chief Executive Doug Parker said Thursday as his company pushes ahead with its hostile bid to buy Delta. "We think their valuation is way out of whack," Parker said during a conference call. (Thu, 21 Dec 2006 20:18:01 GMT)

US Air: Delta's projection of post-bankruptcy value 'unrealistic'
Delta Air Lines' projection that it will be worth as much as $12 billion when it emerges from bankruptcy is "unrealistic," US Airways Chief Executive Doug Parker said Thursday as his company pushed ahead with its hostile bid to buy Delta. (Thu, 21 Dec 2006 20:55:56 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, 21 Dec 2006 22:05:46 GMT)

Adelphia says bankruptcy plan decision delayed
SAN FRANCISCO, Dec 21 (Reuters) - Adelphia Communications Corp. said on Thursday that its bankruptcy judge noted that a decision on the company's reorganization plan will not be rendered by the Dec. 22 effective date contained in the plan and also may not come by the end of the year. (Fri, 22 Dec 2006 01:22:23 GMT)

Hedge fund proposes $4.7 bil to get Delphi out of bankruptcy
DETROIT - Delphi Corp. has caught the eye of two hedge funds that, flush with year-end cash, may be seeing a way to make a buck from the country's largest auto-parts supplier as it emerges from bankruptcy. (Fri, 22 Dec 2006 03:42:12 GMT)

Bankruptcy trustee settles with ex-CEO
Geneva Steel's bankruptcy court-appointed trustee James T. Markus has agreed to settle his dispute with the steel mill's former chief executive Ken Johnsen. The trustee this week filed a motion with the U.S. Bankruptcy Court for Utah seeking permission to pay Johnsen $930,000 to settle the former manager's claims against Geneva Steel and its assets. (Fri, 22 Dec 2006 06:20:55 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. (Fri, 22 Dec 2006 06:57:32 GMT)

Adelphia plan to emerge from bankruptcy delayed
A U.S. Bankruptcy Court judge told Adelphia Communications Corp. that he would miss today's deadline to decide whether to approve the company's plan to emerge from bankruptcy protection. (Fri, 22 Dec 2006 08:04:52 GMT)

Second group offers to refinance Delphi as it emerges from bankruptcy
DETROIT · Delphi Corp. has caught the eye of two hedge funds that, flush with year-end cash, may be seeing a way to make a buck from the nation's largest auto parts supplier as it emerges from bankruptcy. (Fri, 22 Dec 2006 08:13:58 GMT)

Bankruptcy Court Issues Ruling on Pittsburgh Corning Reorganization Plan
PITTSBURGH--The United States Bankruptcy Court for the Western District of Pennsylvania issued a decision denying confirmation of the most recent amended plan of reorganization for Pittsburgh Corning Corporation after normal business hours last evening. (Fri, 22 Dec 2006 17:34:18 GMT)

Adelphia: Judge Delays Bankruptcy Decision
The federal judge overseeing Adelphia Communications’ Chapter 11 bankruptcy proceedings said a decision in the case would not be rendered by Dec. 22 -- the original deadline in the reorganization plan -- and a decision may not be issued before Dec. 31, Adelphia announced Thursday. (Fri, 22 Dec 2006 18:09:26 GMT)

Fitch: U.S. Bankruptcy Court Rejects Reorganization Plan for PPG's Pittsburgh Corning Corp. Unit
NEW YORK----On Dec. 22, 2006, the U.S. Bankruptcy Court for the Western District of Pennsylvania issued a decision denying confirmation of the most recent amended plan of reorganization for Pittsburgh Corning Corporation . (Fri, 22 Dec 2006 19:36:00 GMT)

Dana seeks bankruptcy court approval to move business from Sypris
WASHINGTON — Unable to get an important supplier to cut prices, Dana Corp. is seeking bankruptcy court approval to divert its business to other suppliers that can provide at a better price the components it needs to make auto parts. (Fri, 22 Dec 2006 23:15:35 GMT)

Dana seeks bankruptcy court approval to move business from Sypris
WASHINGTON Toledo-based Dana Corporation is seeking bankruptcy court approval to divert its business to other suppliers because it says its largest supplier won't cut prices. (Sat, 23 Dec 2006 01:03:30 GMT)

Delta bankruptcy: 17 creditors wary of stand-alone plan
ATLANTA - Seventeen creditors who hold $2.25 billion in unsecured claims against Delta Air Lines Inc. in its bankruptcy case urged the carrier Friday to consider alternatives to its stand-alone reorganization plan. Their announcement comes a day after the chief executive of US Airways Group Inc. issued a scathing rebuke of Delta's stand-alone reorganization plan and said he is more ... (Sat, 23 Dec 2006 06:21:06 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, 23 Dec 2006 10:29:18 GMT)

Delta creditors urge new bankruptcy plan
Atlanta- Seventeen creditors who hold $2.25 billion in unsecured claims against Delta Air Lines Inc. in its bankruptcy case urged the carrier Friday to consider alternatives to its stand-alone reorganization plan. (Sat, 23 Dec 2006 12:58:11 GMT)

Doctor's bankruptcy filing provides malpractice haven
Dr. Jacques Farkas thought he would be sued as soon as the surgical drill slipped from his hands and sliced the exposed nerves in his patient's lower back. (Sun, 24 Dec 2006 05:28:36 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, 24 Dec 2006 07:43:20 GMT)

THE BANKRUPTCY AND THE SETTLEMENT
A lmost five years ago, on a Wednesday right before Easter 2002, I sat in a pew at St. Michael the Archangel Church in downtown Portland and listened to a priest pour out his broken heart. (Sun, 24 Dec 2006 08:19:36 GMT)

NATION IN BRIEF
LOS ANGELES -- A judicial discipline council has delivered a rare reprimand of a federal judge after he improperly seized control of a bankruptcy case to protect a probationer he was supervising. (Sun, 24 Dec 2006 08:48:43 GMT)

New Parkway To Shed Bankruptcy Protection
(Myriam Abdelaziz) Dr. Robert Aquino, left, owner of New Parkway Hospital, addresses the crowd at a rally Nov. 29 to save the facility. (Sun, 24 Dec 2006 11:04:02 GMT)

Calif. firm may buy half-done houses
A $29 million deal in U.S. Bankruptcy Court fizzled for a home builder to buy hundreds of half-finished homes and lots in Pinal County abandoned by Turner-Dunn, but another home builder stepped up. (Mon, 25 Dec 2006 04:28:21 GMT)

Accountant files Chp. 7 bankruptcy
Wilkins McNair Jr., a longtime Baltimore accountant who pleaded guilty to fraud and money laundering charges last month, has filed to liquidate his debts in Chapter 7 bankruptcy. (Mon, 25 Dec 2006 05:15:57 GMT)

Changes to federal law affect bankruptcy filings in this district
Last year's changes in federal bankruptcy law have affected the number of filings in 2006 after a spike in October 2005. "We saw as many bankruptcies in a month as we usually do in a year," said federal bankruptcy trustee Randy Scherer. "Everybody was trying to file before the deadline." (Mon, 25 Dec 2006 05:24:24 GMT)

Assessing situations: Bankruptcy trustee checks validity of personal, business bankruptcies
Consulting with existing and startup companies about financial issues and revenue sources is a full-time job for Randy Scherer, owner of Pegasus Capital. (Mon, 25 Dec 2006 05:30:46 GMT)

BANKRUPTCIES
These are recent filings in U.S. Bankruptcy Court for the Southern District of Florida. Golden Years Medical Equipment of Miami, 1465 W. Flagler St., Miami. Chapter 7. Benjamin R. Metsch, 305-792-2540. (Mon, 25 Dec 2006 08:15:14 GMT)

Bankruptcies
The following residents filed schedules of debts and assets between Dec. 7 and 13 in U.S. Bankruptcy Court in Des Moines. (Mon, 25 Dec 2006 10:17:10 GMT)

Judicial council criticizes LA federal judge for intervening in bankruptcy case
The censure of a Los Angeles federal judge by a judicial discipline council was inadvertently posted online for more than a week by a legal publishing service. (Mon, 25 Dec 2006 11:15:22 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, 26 Dec 2006 06:57:24 GMT)

Builder would leave creditors holding the bag
This story was originally published on April 3, 2004. Developer Keith Kunz will walk away from most of $1.1 million in debts, and leave 14 buyers with uncompleted homes if the U.S. Bankruptcy Court grants Rosewood Home's request for Chapter 7 liquidation. (Tue, 26 Dec 2006 07:19:57 GMT)

MOST VIEWED NEWS
JACKSONVILLE, Fla. — New stock in Winn-Dixie Stores here began trading on the NASDAQ exchange on Friday under the symbol WINN. The shares were distributed to creditors beginning Thursday, according to the retailer, which emerged from bankruptcy last month. (Tue, 26 Dec 2006 08:06:50 GMT)

Arter & Hadden owes millions in debt, pensions
Bankruptcy Trustee Marc P. Gertz and more than 70 former partners, law firms and insurers of the former Cleveland-based law firm of Arter & Hadden have reached a settlement in a 16-count complaint filed in U.S. Bankruptcy Court. (Tue, 26 Dec 2006 08:24:38 GMT)

Delphi hearing postponed - WSJ
NEW YORK, Dec 26 (Reuters) - A key hearing in the Delphi Corp. bankruptcy case has been postponed, allowing more time for critics to compose arguments against the company's proposed $3.4 billion bankruptcy-emergence deal with a group of investors led by Appaloosa Management, the Wall Street Journal reported on its ... (Tue, 26 Dec 2006 09:42:30 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. (Tue, 26 Dec 2006 11:18:26 GMT)

Dana asks court for OK to drop a supplier
NEW YORK - Unable to get an important supplier to cut prices, Toledo's Dana Corp. is seeking bankruptcy court approval to divert its business to other suppliers that can provide components at a better price. (Tue, 26 Dec 2006 11:38:04 GMT)

Davenport bishop talks about bankruptcy filing
The new bishop of the Roman Catholic Diocese of Davenport says bankruptcy is a turning point as the diocese works to move past the church abuse... (Tue, 26 Dec 2006 12:49:16 GMT)

Delphi Seeks to Extend Time to Solicit Bankruptcy Plan Approval
Dec. 26 (Bloomberg) -- Delphi Corp., an auto-parts maker in bankruptcy since last year, asked a judge to extend its exclusive right to ask creditors for approval of its reorganization plan. (Tue, 26 Dec 2006 15:05:47 GMT)

Settlement Reached in Firm Bankruptcy
A bankruptcy trustee said Tuesday a settlement involving some of the partners of a former Cleveland-based law firm will result in $9.25 million for creditors. (Tue, 26 Dec 2006 17:53:09 GMT)

Judge OKs Performance Transportation's bankruptcy plan
WASHINGTON -- A bankruptcy judge has approved a Chapter 11 plan submitted by Performance Transportation Services Inc. that gives control of the automobile hauler to buyout company... (Tue, 26 Dec 2006 21:33:53 GMT)

SeraCare wins aproval to send bankruptcy plan to creditors
SeraCare Life Sciences Inc. , a Massachusetts-based maker of medical supplies, has won court approval to send its shareholder-backed bankruptcy plan to creditors for a vote. (Tue, 26 Dec 2006 21:37:35 GMT)

Refco Bankruptcy Plan Takes Effect
Refco Inc., which previously provided trade-clearing and brokerage services, on Tuesday said its plan to exit Chapter 11 bankruptcy took effect. (Tue, 26 Dec 2006 22:31:50 GMT)

Refco bankruptcy plan takes effect
The U.S. Bankruptcy Court in New York approved the plan on Dec. 15. Refco essentially dissolved itself during the bankruptcy by selling off its operations or eliminating them altogether. (Tue, 26 Dec 2006 22:33:22 GMT)

Refco Exits Bankruptcy Protection
The onetime futures and commodities broker said it had emerged from bankruptcy protection, a move that will allow the company to wind up its businesses. (Wed, 27 Dec 2006 04:25:24 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, 27 Dec 2006 06:15:35 GMT)

Collins & Aikman files new plan to exit bankruptcy
Auto-parts maker Collins & Aikman Corp. filed a revised plan to exit bankruptcy court protection, reflecting its decision to shut down rather than stay in business. (Wed, 27 Dec 2006 08:30:48 GMT)

NWA pilots sell $150M of bankruptcy claim
Northwest Airlines Corp. pilots have sold $150 million worth of their $888 million bankruptcy claim in the company's Chapter 11 case, according to media reports. (Wed, 27 Dec 2006 18:37:46 GMT)

Northwest pilots sell part of bankruptcy claim for $150M
Northwest Airlines Corp. pilots have sold one-fifth of their $888 million bankruptcy claim in the company's Chapter 11 case for $150 million, according to media reports. (Wed, 27 Dec 2006 19:36:11 GMT)

SeraCare Bankruptcy Plan Proceeds
By Penni Crabtree, The San Diego Union-Tribune Dec. 27--A federal bankruptcy court judge in San Diego has cleared the way for SeraCare Life Sciences to take its bankruptcy plan to creditors for a vote. (Thu, 28 Dec 2006 01:16:31 GMT)

NWA pilots sell bankruptcy claim
MINNEAPOLIS (AP) - Northwest Airlines Corp. said its pilots sold $150 million worth of their $888 million bankruptcy claim on the airline. (Thu, 28 Dec 2006 04:48:17 GMT)

Peterson bankruptcy claim no longer contested
A bankruptcy claim by convicted wife-killer Michael Peterson no longer is being contested, and an opposing lawyer said Wednesday he hopes to quiz the Durham novelist soon about the 2001 death of his spouse, then-Nortel Networks executive Kathleen Peterson. (Thu, 28 Dec 2006 05:49:51 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, 28 Dec 2006 06:49:09 GMT)

CandA files new bankruptcy plan calling for sale of assets, closure
Southfield-based automotive-interior supplier Collins and Aikman Corp. on Dec. 22 filed a revised plan in U.S. Bankruptcy Court in Detroit that reflects a decision to close rather than emerge from Chapter 11 as a stand-alone company. (Thu, 28 Dec 2006 08:07:39 GMT)

Hearing set Feb. 7 on Delta plan for bankruptcy reorganization
ATLANTA -- Lawyers for Delta Air Lines Inc., the nation's third-largest carrier, said Wednesday that they have scheduled a Feb. 7 hearing in bankruptcy court to consider approval of the disclosure statement to the carrier's reorganization plan. (Thu, 28 Dec 2006 11:05:54 GMT)

Amsterdam container company files for bankruptcy owing $2.7M
Freedom Packaging Co. Inc., an Amsterdam, N.Y., company that makes containers used to transport powder, chemicals, paints and liquids of all kinds, has filed for Chapter 11 bankruptcy. (Thu, 28 Dec 2006 18:39:22 GMT)

Bankruptcy Judge OKs Neoplan USA's Plan
A bankruptcy judge has approved the Chapter 11 plan of Neoplan USA Corp., paving the way for the bus manufacturer to sell its profitable parts division and then go out of business. (Thu, 28 Dec 2006 21:31:28 GMT)

Treasury appointee once filed for bankruptcy
PROVIDENCE — The state’s treasurer-elect, Frank Caprio, has chosen for his financial staff a former state lawmaker who was in federal bankruptcy court four years ago seeking Chapter 7 protection from his creditors. (Fri, 29 Dec 2006 03:50:03 GMT)

Solutia unveils updated bankruptcy plan
As the three-year-old bankruptcy reorganization of Solutia Inc. nears the finish line, a dogged group of bondholders is poised to end up in the money while Monsanto Co. provides the purse. (Fri, 29 Dec 2006 06:06:15 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, 29 Dec 2006 06:16:26 GMT)

Judge approves GB Holdings' bankruptcy plan
A bankruptcy judge said GB Holdings can send its Chapter 11 reorganization plan to creditors after billionaire investor Carl Icahn agreed to pay about $53 million for the company's remaining stake in Atlantic City's Sands Hotel & Ca sino. (Fri, 29 Dec 2006 07:01:16 GMT)

Bankruptcy filings plunge in Idaho, thanks to new law
Robert Porter knew big changes were coming when he filed for bankruptcy in October 2005. Like thousands of other Idahoans, Porter, 25, rushed to file that month to beat a sweeping overhaul of the nation's Bankruptcy Code that made it harder for Americans to wipe out their debts. (Fri, 29 Dec 2006 07:24:42 GMT)

Georgia leads nation in bankruptcy filings
Georgia is positioned to earn an unfortunate new distinction: bankruptcy capital of the nation. During the first three quarters of 2006, more bankruptcy petitions were filed in Georgia than in any other state, according to an Atlanta Journal-Constitution review of bankruptcy statistics. The state's rise to the top of the statistical heap follows the most sweeping changes to federal bankruptcy ... (Fri, 29 Dec 2006 07:27:34 GMT)

Idaho professor charged with making hoax in bankruptcy case
SALT LAKE CITY (AP) -- An Idaho professor was charged with falsely claiming that he had mailed a dangerous substance to a trustee overseeing his bankruptcy case in Utah, federal authorities said Thursday. (Fri, 29 Dec 2006 09:19:52 GMT)

Idaho professor charged with making hoax in bankruptcy case
SALT LAKE CITY -- An Idaho professor was charged with falsely claiming that he had mailed a dangerous substance to a trustee overseeing his bankruptcy case in Utah, federal authorities said Thursday. Thomas Hale warned the trustee Nov. 16 that she would be exposed to hantavirus, a potentially fatal disease passed through rodent droppings, prosecutors said. (Fri, 29 Dec 2006 10:08:19 GMT)

Treasury appointee filed for bankruptcy
A former state legislator chosen for the financial staff of the incoming general treasurer filed for bankruptcy protection four years ago. (Fri, 29 Dec 2006 12:42:05 GMT)

Werner wins bankruptcy court OK for $1.28M in bonuses
Ladder maker Werner Co. has won bankruptcy court approval to pay up to $1.28 million in bonuses to 94 rank-and-file workers and seven top executives. (Fri, 29 Dec 2006 20:36:44 GMT)

Meridian Automotive emerges from bankruptcy protection
ALLEN PARK, Mich. -- Auto parts supplier Meridian Automotive Systems Inc. on Friday said it has emerged from Chapter 11 bankruptcy protection and entered into a $167 million exit... (Fri, 29 Dec 2006 23:33:51 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, 30 Dec 2006 06:04:37 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, 30 Dec 2006 06:19:49 GMT)

Meridian rises from bankruptcy
ALLEN PARK -- Auto parts supplier Meridian Automotive Systems Inc. on Friday said it has emerged from Chapter 11 bankruptcy protection and entered into a $167 million exit financing facility with Deutsche Bank. (Sat, 30 Dec 2006 06:58:32 GMT)

Meridian Automotive emerges from bankruptcy
Allen Park-based Meridian Automotive Systems Inc. officially emerged from Chapter 11 bankruptcy on Friday. (Sat, 30 Dec 2006 08:07:18 GMT)

Ownit seeks bankruptcy protection
The sub-prime lender, a casualty of the changing mortgage market, owes more than $165 million. Ownit Mortgage Solutions Inc. of Agoura Hills, which shut down abruptly early this month, has filed for bankruptcy protection, saying it owes more than $165 million to Merrill Lynch & Co. and other financial firms that bought Ownit loans now in default. (Sat, 30 Dec 2006 08:32:29 GMT)

Idaho professor charged with making hoax in bankruptcy case
SALT LAKE CITY (AP) -- An Idaho professor was charged with falsely claiming that he had mailed a dangerous substance to a trustee overseeing his bankruptcy case in Utah, federal authorities said Thursday. (Sat, 30 Dec 2006 09:17:39 GMT)

Fewer Idahoans file for bankruptcy protection
COEUR d'ALENE -- While the number of people statewide filing for bankruptcy in 2006 fell by 75 percent compared to each of the two previous years, those numbers are likely higher in North Idaho, said a federal bankruptcy official. (Sat, 30 Dec 2006 10:21:50 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. (Sat, 30 Dec 2006 13:28:29 GMT)

When the City’s Bankruptcy Was Just a Few Words Away
A statement by Mayor Abraham D. Beame written in October 1975 revealed that the fiscal solvency of New York City was very thin. (Sun, 31 Dec 2006 03:21:54 GMT)

FILING FOR BANKRUPTCY IS NO LONGER AS EASY THANKS TO LAW
Filing for bankruptcy is more difficult since the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 went into effect, according to two local attorneys. (Sun, 31 Dec 2006 04:48:23 GMT)

Delta lawyers schedule bankruptcy court hearing
ATLANTA (AP) - Lawyers for Delta Air Lines Inc., the nation's third-largest carrier, said last week they have scheduled a Feb. 7 hearing in bankruptcy court to consider approval of the disclosure statement to the carrier's reorganization plan. (Sun, 31 Dec 2006 07:55:27 GMT)

Bankruptcy Still a Problem say Debt Counsellors
The IVA is proving an increasingly popular method of avoiding bankruptcy as insolvency levels continue to rise in the UK. However, debt help experts The Debt Counsellors insist that too few people are seeking professional debt advice for their debt problems and risk bankruptcy as a result. (PRWeb Dec 31, 2006) Post Comment:Trackback URL: ... (Sun, 31 Dec 2006 08:17:18 GMT)

Bankruptcy Still a Problem say Debt Counsellors
(PRWeb) December 31, 2006 -- The IVA is proving an increasingly popular method of avoiding bankruptcy as insolvency levels continue to rise in the UK. (Sun, 31 Dec 2006 12:00:00 GMT)

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