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Home > Bankruptcy News

Bankruptcy News Jan 2007

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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, 01 Jan 2007 02:47:22 GMT)

Spud Packers Inc. files for bankruptcy, closes plant
Spud Packers Inc., a St. Louis-based produce-packaging company, filed for Chapter 7 bankruptcy and shut down its plant this month. (Mon, 01 Jan 2007 06:04:21 GMT)

Area’s bankruptcy filings hit 12-year low
FAYETTEVILLE — Harrison-area bankruptcy filings in 2006 were the lowest in 12 years as tougher federal laws cut down on filings across the country. (Mon, 01 Jan 2007 17:47:29 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, 02 Jan 2007 02:14:37 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. (Tue, 02 Jan 2007 06:38:11 GMT)

Bankruptcy filings
The following people and organizations filed for bankruptcy protection from the U.S. Northern District Bankruptcy Court from Dec. 21-28. Wanda A. Ayers of 5 True St. filed for Chapter 7 on Dec. 22. (Tue, 02 Jan 2007 07:54:26 GMT)

Understand The Role Of The Bankruptcy Lawyer To Both Debtors And Creditors With The Assistance Of 'The Roles And ...
DUBLIN, Ireland----Research and Markets has announced the addition of The Roles and Motivations of Key Players in Bankruptcy Cases: Leading Lawyers on Overseeing Bankruptcy, Financial Restructuring, and Reorganization Proceedings to their offering. (Tue, 02 Jan 2007 16:16:00 GMT)

Ownit Mortgage Files for Bankruptcy
Ownit Mortgage Solutions Inc., a subprime mortgage lender, filed for bankruptcy last Thursday, just a few weeks after it stopped making new loans. (Tue, 02 Jan 2007 17:25:00 GMT)

Area’s bankruptcy filings hit 12-year low
FAYETTEVILLE — Harrison-area bankruptcy filings in 2006 were the lowest in 12 years as tougher federal laws cut down on filings across the country. (Tue, 02 Jan 2007 18:03:28 GMT)

Hedge Funds Win $1.2M From Refco
A group of hedge funds that fought to boost payments to stockholders in Refco Inc.'s bankruptcy proceedings won the right to collect $1.2 million in legal fees and expenses from the company, marking a final victory in their bid for a payoff from their Refco shares. (Tue, 02 Jan 2007 23:07:20 GMT)

Lee family fights bankruptcy plan that could cost it jobs
Robert E. Lee told a Mirror reporter in early November that a proposed reorganizational plan for W.S. Lee & Sons Inc. was not in anyone’s best interes... (Wed, 03 Jan 2007 05:37:00 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, 03 Jan 2007 08:51:21 GMT)

Parmalat Is Seeking Acquisition Offers for Parma Soccer Team
Jan. 3 (Bloomberg) -- Parmalat SpA, the foodmaker that collapsed in Italy's largest bankruptcy three years ago, is seeking bids to acquire soccer team Parma AC as the company sells assets to concentrate on its main business. (Wed, 03 Jan 2007 10:58:45 GMT)

Adelphia Bankruptcy Plan Is Approved
The plan to pay creditors and end one of the biggest bankruptcy cases in U.S. history was approved by a judge in New York. (Thu, 04 Jan 2007 03:40:54 GMT)

Post-bankruptcy United winning fans on Wall Street
Wall Street analysts appear to have become bullish about United, the nation's No. 2 carrier. Rosy reports Wednesday from Wall Street analysts sent shares in parent company UAL to post-bankruptcy highs, according to The Associated Press. Goldman Sachs raised its... (Thu, 04 Jan 2007 12:50:00 GMT)

Jury still out on bankruptcy reforms
The number of bankruptcy filings dropped significantly in 2006, a year after reforms were passed to amend U.S. bankruptcy law in hopes of curtailing fraud and abuse in the system. (Thu, 04 Jan 2007 20:24:55 GMT)

Mediation brings successful settlement to Diocese bankruptcy case
SPOKANE -- A Nevada judge has reported Thursday that the mediation of the bankruptcy case involving the Spokane Catholic Diocese has reached a successful resolution. (Thu, 04 Jan 2007 20:40:17 GMT)

Auto cos may bank on bankruptcy to get out of blues
SOUTHFIELD, MICHIGAN: Auto makers and their suppliers are likely to declare bankruptcy at a faster rate in the next five years, according to a majority of global auto executives surveyed for a study released on Thursday. (Fri, 05 Jan 2007 00:31:23 GMT)

Distributor?s Bankruptcy Rattles Book Industry
Book publishers braced themselves for a financial blow after a bankruptcy filing by Advanced Marketing Services. (Fri, 05 Jan 2007 04:10:34 GMT)

Bankruptcy for Marion?
The town of Marion could soon be bankrupt. Mayor Elvis Hudson said he is waiting to see if a judge will require the town to pay a sewage treatment bill to the City of Meridian. If they have to pay the bill of more than $350,000, it could force them into bankruptcy, Hudson said. (Fri, 05 Jan 2007 06:06:00 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, 05 Jan 2007 06:39:56 GMT)

Czech government saving Steyr from bankruptcy - Communists
Prague, Jan 4 (CTK) - The Czech government is paying jobs in Austria through its taxpayers' money as the order of almost 200 armoured personnel carriers (APCs) from the Austrian arms manufacturer Steyr has saved the company from bankruptcy, Communist (KSCM) leader Vojtech Filip told CTK today. (Fri, 05 Jan 2007 07:07:59 GMT)

Northwest Ohio bankruptcy streak broken
Fewer people in northwest Ohio filed for bankruptcy protection last year than had in a decade, breaking a string of five straight record filing years. (Fri, 05 Jan 2007 11:38:51 GMT)

Delphi Bankruptcy Control Challenged
Delphi Corp. is facing objections to its bid for a six-month extension of its right to develop its bankruptcy-reorganization plan without interference from creditors or investors. (Fri, 05 Jan 2007 17:12:06 GMT)

Delphi may borrow $4.5 billion, bankruptcy judge says
NEW YORK -- A federal bankruptcy judge today approved a plan by auto parts maker Delphi Corp. to borrow $4.5 billion to refinance debt and lower its monthly interest expenses. (Fri, 05 Jan 2007 17:34:24 GMT)

New York tries to block NYRA bankruptcy
The state of New York has filed a motion in federal court to dismiss the New York Racing Association's request for protection under Chapter 11 bankruptcy. (Fri, 05 Jan 2007 20:45:43 GMT)

St. Louis woman pleads guilty to bankruptcy fraud
Marquitta Hawkins pleaded guilty to bankruptcy fraud charges in connection with providing false bankruptcy credit counseling certificates, U.S. Attorney Catherine Hanaway said Friday. (Fri, 05 Jan 2007 21:58:34 GMT)

Bankruptcy court OKs changes in board
The U.S. Bankruptcy Court on Friday approved changes to the board of directors of bankrupt Interstate Bakeries Corp. (Sat, 06 Jan 2007 06:20:51 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. (Sat, 06 Jan 2007 06:21:25 GMT)

Bankruptcy exit OK'd for Adelphia
Adelphia Communications Corp.'s plan to end more than four years of bankruptcy protection and distribute $15 billion in cash and stock to creditors was officially confirmed yesterday by a judge in New York. (Sat, 06 Jan 2007 08:33:13 GMT)

Town may be facing bankruptcy
The town of Marion could soon be bankrupt. Mayor Elvis Hudson said he is waiting to see if a judge will require the town to pay a sewage treatment bill to the city of Meridian. If they have to pay the bill of more than $350,000, it could force them into bankruptcy, Hudson said. (Sat, 06 Jan 2007 09:10:41 GMT)

Spokane diocese could emerge from bankruptcy in Spring
SPOKANE - After reaching a breakthrough agreement to pay victims of clergy sex abuse, the Catholic Diocese of Spokane's lengthy Chapter 11 bankruptcy could end as early as this spring, a judge said Friday. (Sat, 06 Jan 2007 12:02:50 GMT)

Dana seeks more in bankruptcy financing
WASHINGTON — Dana Corp.’s bid for a $200 million increase in its bankruptcy financing comes as the auto-parts supplier struggles to bring in enough cash to keep the business running. (Sat, 06 Jan 2007 12:11:09 GMT)

Bankruptcy exit OK'd for Adelphia
Adelphia Communications Corp.'s plan to end more than four years of bankruptcy protection and distribute $15 billion in cash and stock to creditors was officially confirmed yesterday by a judge in New York. (Sat, 06 Jan 2007 12:52:09 GMT)

Filings fall since new bankruptcy law began
A recent visit to the U.S. Bankruptcy Court in Newark finds the place quiet. Almost silent. The receptionist has plenty of time to answer questions from anyone who stops in. There is no line. (Sun, 07 Jan 2007 06:01:43 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, 07 Jan 2007 06:39:35 GMT)

REBAR'S CASE FOR BANKRUPTCY PROTECTION ENTERS JUDICIAL PROCESS
Taipei, Jan. 7 (CNA) A case involving bankruptcy protection filed by two companies under the Rebar Asia Pacific Group has entered judicial proceedings, and final decisions will be made by the Taipei District Court, the head of the Financial Supervisory Commission (FSC) said Sunday. (Sun, 07 Jan 2007 11:49:32 GMT)

Wife of Kidnapped LaPorte Man Files for Bankruptcy
The wife of Jeffrey Ake has started bankruptcy proceedings for his LaPorte County company. Ake was kidnapped in Iraq nearly two years ago. (Sun, 07 Jan 2007 21:37:50 GMT)

Wife Of Kidnapped Indiana Man Starts Bankruptcy Proceedings
Facing mounting debt and with no news of her husband, the wife of kidnapped Indiana businessman Jeffrey Ake had started bankruptcy proceedings for a business he founded. (Sun, 07 Jan 2007 22:52:57 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, 08 Jan 2007 01:11:53 GMT)

Jeffrey Ake's Business Filing for Bankruptcy, House for Sale
(WSBT/AP) Nearly two years after he was kidnapped in Iraq, there is still no sign of Laporte County businessman Jeffrey Ake. And now his business is filing for bankruptcy and mounting debts have forced his wife to put their house up for sale. (Mon, 08 Jan 2007 05:27:36 GMT)

Quarto hit as US customer files for bankruptcy
LONDON (SHARECAST) - Book publisher Quarto suffered losses Monday after one of its significant US customers, Advanced Marketing Services filed for protection under Chapter XI of the Bankruptcy Code. (Mon, 08 Jan 2007 09:46:57 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, 08 Jan 2007 15:05:48 GMT)

Delphi asks bankruptcy judge to quash subpoenas requiring 2 directors to appear in court
NEW YORK -- Lawyers for auto parts maker Delphi Corp. have asked a judge to quash subpoenas from certain creditors and shareholders that would require two board members to appear Thursday at a bankruptcy court hearing in New York. (Mon, 08 Jan 2007 18:18:33 GMT)

Bankruptcy Forms Processing, Inc. Petition Processing Service for Busy Bankruptcy Attorneys
Plainfield, NJ (PRWeb) January 9, 2007 -- Aretha Gaskin announced today the official launch of her bankruptcy petition processing company, Bankruptcy Forms Processing, Inc. (Tue, 09 Jan 2007 07:00:00 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, 09 Jan 2007 07:14:01 GMT)

Bankruptcy Forms Processing, Inc. Petition Processing Service for Busy Bankruptcy Attorneys
Aretha Gaskin announces the official launch of her bankruptcy petition processing company, Bankruptcy Forms Processing, Inc. (BFPI) (www.bfpi.org). (PRWeb Jan 9, 2007) Post Comment:Trackback URL: http://www.prweb.com/chachingpr. (Tue, 09 Jan 2007 08:30:38 GMT)

Is bankruptcy the only solution?
I have been unemployed for nearly four years while taking care of an elderly parent who has been near death several times but thankfully is now in much better health. I have about $50,000 in debt and have not paid any bills, other than my car loan, for more than a year. (Tue, 09 Jan 2007 09:56:00 GMT)

In Cash Crunch, Mills May Seek Bankruptcy Filing
Mills Corp., the struggling shopping mall developer, said yesterday that possible misconduct by management contributed to widespread accounting errors, and the company warned that it may be forced to seek bankruptcy protection if it cannot reach agreement with its lenders. (Tue, 09 Jan 2007 21:31:27 GMT)

Mall REIT Warns That It Might Be Forced Into Bankruptcy
The Mills Corporation, the real estate investment trust known for off-price malls in outlying suburbs that combine entertainment and shopping, said yesterday that it was running out of cash and might be forced to seek bankruptcy protection, putting its shareholders at risk of losing their investment. (Wed, 10 Jan 2007 03:40:54 GMT)

Firm behind Opry Mills may file bankruptcy
The Mills Corp., which owns Opry Mills in Nashville, warned Tuesday that a heavy debt load could force the mall developer into bankruptcy if it isn't able to follow through with plans to sell all or part of the company. (Wed, 10 Jan 2007 08:13:14 GMT)

Franklin Mills owner warns of bankruptcy
The Mills Corp., owner of Franklin Mills Mall in Philadelphia, warned yesterday that a heavy debt load could force the mall developer into bankruptcy if it is unable to follow through with its plans to sell all or part of the company. (Wed, 10 Jan 2007 08:17:12 GMT)

RETAIL: Mills warns debt may push it into bankruptcy
The Mills Corp., owner of Concord Mills and other malls, warned Tuesday that a heavy debt load could force the company into bankruptcy if it is unable to follow through with plans to sell all or part of the company. (Wed, 10 Jan 2007 08:20:58 GMT)

Troubled Mills issues bankruptcy warning
Mall operator cites its heavy debt load COLLEGE PARK, Md. ? The Mills Corp. warned Tuesday that a heavy debt load could force the mall developer into bankruptcy if it is unable to follow through with its plans to sell all or part of the company. (Wed, 10 Jan 2007 08:26:15 GMT)

Mills Corp. faces bankruptcy threat
The Mills Corp. warned that a heavy debt load could force the mall developer into bankruptcy if it is unable to follow through with its plans to sell all or part of the company. (Wed, 10 Jan 2007 08:32:18 GMT)

Debt could force mall firm into bankruptcy
Mills Corp. warned yesterday that a heavy debt load could force the mall developer into bankruptcy if it is unable to follow through with its plans to sell all or part of the company. (Wed, 10 Jan 2007 09:12:25 GMT)

Bankruptcy threat for US shopping mall group
The threat of bankruptcy hangs over the head of Mills Corporation , the owner of 38 US shopping malls, after it was forced to restate its financials for the last four years. (Wed, 10 Jan 2007 11:30:09 GMT)

Debt could force Mills into bankruptcy
COLLEGE PARK, Md. — The Mills Corp. warned yesterday that heavy debts could force the mall developer into bankruptcy if it is unable to follow through with its plans to sell all or part of the company. (Wed, 10 Jan 2007 12:02:54 GMT)

Malden Mills files for bankruptcy
Malden Mills Industries Inc., a century-old textile maker that emerged from bankruptcy in 2003 after a disastrous factory fire, said Wednesday it has filed for Chapter 11 reorganization again and agreed to sell its assets to a firm that helps troubled companies. (Wed, 10 Jan 2007 17:28:49 GMT)

Mills Climbs After Bankruptcy Warning
Shares of Mills Corp. rose on Wednesday as investors absorbed the mall developer's warning a day earlier that a heavy debt load may force the real estate investment trust into bankruptcy. (Wed, 10 Jan 2007 21:05:54 GMT)

Katy Mills owner may seek bankruptcy protection
The Mills Corp., the real estate investment trust that owns Katy Mills Mall, has reported that it is running out of cash and may be forced to seek bankruptcy protection. (Wed, 10 Jan 2007 23:11:24 GMT)

Malden Mills Returns to Bankruptcy
The maker of Polartec cold-weather fabrics filed for bankruptcy protection and said it would be sold to the Gordon Brothers Group for $44 million. (Thu, 11 Jan 2007 04:00:54 GMT)

Bankruptcy filings in Ariz. fell 83.5% in '06
Bankruptcies in Arizona hit the lowest level in recent history a year after tougher bankruptcy rules went into effect. (Thu, 11 Jan 2007 04:58:41 GMT)

Malden Mills in bankruptcy: Hub co. to buy and operate fabric maker
Malden Mills, the venerable Lawrence maker of Polartec and other synthetic fabrics, sought bankruptcy protection once again yesterday, as part of a prepackaged plan to sell itself to Boston-based Gordon... (Thu, 11 Jan 2007 05:15:19 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, 11 Jan 2007 07:10:40 GMT)

Parent company of Sawgrass Mills mall issues bankruptcy warning
COLLEGE PARK, Md. ? The Mills Corp. warned Tuesday that a heavy debt load could force the mall developer into bankruptcy if it is unable to follow through with its plans to sell all or part of the company. (Thu, 11 Jan 2007 11:05:20 GMT)

Malden Mills files for bankruptcy, announces sale
METHUEN - The century-old Malden Mills is trying to keep the legacy of the region's textile industry alive by filing for bankruptcy a third time and selling the company to a "turnaound" specialist for $44 million. (Thu, 11 Jan 2007 12:06:32 GMT)

Delphi Bankruptcy Exit `Critical,' Canadian Union Chief Says
Jan. 11 (Bloomberg) -- Delphi Corp.'s exit from bankruptcy is ``absolutely critical'' to members of the Canadian Auto Workers, the union's president said. (Thu, 11 Jan 2007 18:01:27 GMT)

Delphi's Miller to testify in bankruptcy court in dispute involving rival bid
NEW YORK -- Delphi's executive chairman Robert S. "Steve" Miller was in bankruptcy court here today after a federal bankruptcy judge ruled he could be questioned by lawyers for a hedge fund that made a rival offer rejected by the company's board. (Thu, 11 Jan 2007 19:33:29 GMT)

GM Bankruptcy Risk at 22-Month Low, Credit Swaps Show (Update2)
Jan. 11 (Bloomberg) -- The risk of General Motors Corp. filing for bankruptcy is the lowest since March 2005, before the world's biggest automaker lost its investment-grade ratings, credit-default swap prices show. (Thu, 11 Jan 2007 22:23:51 GMT)

Delphi execs defend bailout plan in New York bankruptcy court
NEW YORK -- Delphi Corp. officials defended the decision of the company's board to reject a more lucrative offer to recapitalize the bankrupt Troy-based auto supplier, saying the certainty of a different deal, reached over five long months, was key to helping the company emerge from bankruptcy later this year. (Thu, 11 Jan 2007 22:33:29 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, 12 Jan 2007 07:23:45 GMT)

Malden Mills files for Chapter 11 bankruptcy
BOSTON -- Malden Mills Industries Inc., a century-old textile maker that emerged from bankruptcy in 2003 after a disastrous factory fire, said Wednesday it has filed for Chapter 11 reorganization again and agreed to sell its assets to a firm that helps troubled companies. ... - By Mark Jewell Associated Press (Fri, 12 Jan 2007 08:03:21 GMT)

Kalispell convict forced into bankruptcy
KALISPELL - Dick Dasen Sr., the former Kalispell businessman now in prison for a series of prostitution-related charges, has been forced into involuntary bankruptcy, allowing his former companies and criminal defense lawyer to pursue his assets. (Fri, 12 Jan 2007 09:16:46 GMT)

Specialty Filaments Inc. to file for bankruptcy
Middlebury bristle maker Specialty Filaments Inc. announced Thursday it has closed for good and will file for bankruptcy. The announcement came six days after operations were abruptly suspended, with no notice to workers. (Fri, 12 Jan 2007 09:20:27 GMT)

Creditors challenge bankruptcy protection
WORCESTER - Unsecured creditors of Lawrence textile maker Malden Mills Industries Inc. alleged yesterday the company deliberately concealed plans to file for bankruptcy protection in Delaware on Wednesday and will ask a Worcester judge this morning to reopen a prior bankruptcy and shift the case back to Massachusetts. (Fri, 12 Jan 2007 09:42:50 GMT)

Delphi Bankruptcy Ruling
A federal bankruptcy judge is expected to rule today on a plan that could bring billions of dollars to bankrupt Delphi. The plan calls for five private equity and institutional investors to pay as much as 3.4 billion dollars to take a controlling stake in the company. (Fri, 12 Jan 2007 12:00:29 GMT)

Northwest Airlines files bankruptcy re-organization plan
Northwest Airlines filed its bankruptcy reorganization plan on Thursday, another step toward its planned emergence from Chapter 11 protection in the second quarter of this year. (Fri, 12 Jan 2007 16:10:01 GMT)

Airline files bankruptcy reorganization
Northwest Airlines Corp., the nation's fifth largest carrier, filed its bankruptcy reorganization plan on Friday, another step toward its planned emergence from Chapter 11 protection in the second quarter of this year. (Fri, 12 Jan 2007 16:15:43 GMT)

Airline Files Bankruptcy Reorganization
Northwest Airlines Corp. filed its bankruptcy reorganization plan on Friday, another step toward its goal of emerging from Chapter 11 protection in the second quarter of this year. (Fri, 12 Jan 2007 16:15:43 GMT)

Judge approves plan to lift Delphi from bankruptcy
NEW YORK - Delphi Corp. advanced in efforts to exit bankruptcy when a federal bankruptcy judge approved a complex equity plan that will inject up to $3.4 billion in the auto parts supplier. (Sat, 13 Jan 2007 05:58:31 GMT)

Suit challenges constitutionality of bankruptcy law
A Chattanooga bankruptcy lawyer filed a lawsuit in federal court on Friday that challenges the constitutionality of U.S. bankruptcy law. Attorney Tom Ray said the lawsuit is the first of its kind and could have nationwide implications on how bankruptcy relief is calculated. (Sat, 13 Jan 2007 06:10:50 GMT)

Northwest, subsidiaries plan 2Q exit from bankruptcy
Northwest Airlines Corp. and its subsidiaries plan to emerge from bankruptcy in the second quarter, according to their joint Chapter 11 plan of reorganization filed with the U.S. Bankruptcy Court in New York Friday. (Sat, 13 Jan 2007 08:07:27 GMT)

Northwest Air bankruptcy plan mum about merger
Northwest Airlines has filed a bankruptcy reorganization plan that is 66 pages long but short on details about what the airline will look... (Sat, 13 Jan 2007 08:15:34 GMT)

Malden Mills bankruptcy case reopened
WORCESTER - The fortunes of ailing Lawrence textile maker Malden Mills Industries Inc. will be decided in Worcester after a federal judge yesterday rejected the company's request to have its latest bankruptcy proceedings conducted in Delaware. (Sat, 13 Jan 2007 09:40:27 GMT)

Home Products wins final court approval for $60M bankruptcy loan
WASHINGTON Home Products International won final bankruptcy court approval to borrow on a 60 (m) million dollar bankruptcy loan. (Sat, 13 Jan 2007 10:26:12 GMT)

Morgue photographer may seek bankruptcy
Thomas Condon will get another chance to seek bankruptcy protection. (Sat, 13 Jan 2007 10:46:58 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, 14 Jan 2007 05:17:24 GMT)

Novell: SCO on its last legs, bankruptcy imminent
Part 1 of 2 pages The SCO Group, the Unix vendor that gained notoriety for claiming IBM illegally incorporated its proprietary Unix code into Linux, is hanging by a thread and financial bankruptcy is "inevitable," according to court documents filed by Novell in U.S. District court in Utah this week. (Sun, 14 Jan 2007 21:33:09 GMT)

Bankruptcy flood receding
The first full year after a controversial bankruptcy reform law was adopted saw bankruptcy filings in Ohio drop to an 18-year low. (Mon, 15 Jan 2007 06:04:58 GMT)

Bankruptcy filings
The following people and organizations filed for bankruptcy protection from the U.S. Northern District Bankruptcy Court from Jan. 5-11. Lori Jean Snyder of 8 Ogden St. filed for Chapter 7 on Jan. 10. (Mon, 15 Jan 2007 07:54:12 GMT)

Northwest Airlines files bankruptcy plan; no word on merger& lt;/B
Northwest Airlines Corp. has filed a bankruptcy reorganization plan that is 66 pages long but short on details about what the airline will look like once it finishes its layover in Chapter 11. (Mon, 15 Jan 2007 08:50:45 GMT)

Eurotunnel Exits Protection as Court Backs Debt Plan (Update1)
Jan. 15 (Bloomberg) -- Eurotunnel SA, operator of the tunnel linking the U.K. and France, exited bankruptcy protection and will begin a share swap by early March that will allow it to cut 6.2 billion pounds ($12.2 billion) of debt by more than half. (Mon, 15 Jan 2007 10:08:51 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. (Mon, 15 Jan 2007 10:33:31 GMT)

Eurotunnel Exits Protection as Court Backs Debt Plan (Update2)
Jan. 15 (Bloomberg) -- Eurotunnel SA, operator of the tunnel linking the U.K. and France, exited bankruptcy protection, allowing it to cut its 6.2 billion pounds ($12.2 billion) of debt by more than half. (Mon, 15 Jan 2007 10:54:01 GMT)

Bankruptcy filings in Ariz. fell 83.5% in '06
Bankruptcy filings dropped in 2006 following bumper year. Filings were up in 2005 as people rushed to avoid new, tighter laws. (Mon, 15 Jan 2007 11:52:18 GMT)

Eurotunnel 'saved from bankruptcy'
A French court lifted a threat of bankruptcy over Eurotunnel, which operates the undersea rail tunnel linking France to Britain, but said a rescue plan must be applied within three years. (Mon, 15 Jan 2007 21:14:07 GMT)

Clearing a bankruptcy from credit record
At last! Ten long years have passed since your bankruptcy, and it's time to clear that black mark from your credit report. The Bankruptcy Adviser tells you how. (Tue, 16 Jan 2007 11:00:00 GMT)

4 steps to clearing bankruptcy from credit record
Dear Bankruptcy Adviser, Relief was granted in March, 1997 on my Chapter 7 bankruptcy filing and my credit has been clean ever since. As I approach the 10th anniversary, what steps are necessary to clear this from my record? Should I still declare past bankruptcy on applications? (Tue, 16 Jan 2007 12:48:40 GMT)

Swissair, Biggest National Bankruptcy, Goes on Trial (Update1)
Jan. 16 (Bloomberg) -- Board members who oversaw the 17 billion-franc ($13.6 billion) bankruptcy of Swissair Group stand trial today on charges related to the carrier's collapse, Switzerland's biggest corporate failure. (Tue, 16 Jan 2007 13:39:46 GMT)

Court Considers Dumping Bankruptcy Rule
Several Supreme Court justices on Tuesday signaled the court could overturn a longstanding lower court ruling to make it easier for creditors to recover attorneys' fees in bankruptcy disputes. (Tue, 16 Jan 2007 19:16:11 GMT)

Bankruptcy court orders Your Home Resort to liquidate assets
Your Home Resort, the outdoor furnisher whose local customers lost thousands of dollars last summer when it abruptly closed its Rocklin and Rancho Cordova showrooms, met its end Tuesday at a federal bankruptcy hearing in U.S. District Court in Sacramento. (Tue, 16 Jan 2007 22:05:43 GMT)

Court considers dumping bankruptcy rule
The justices grappled with the intricacies of federal bankruptcy law during oral argument in a case pitting PG&E Corp.'s Pacific Gas & Electric unit against Travelers Casualty & Surety Co., a division of St. Paul Travelers Co. (Tue, 16 Jan 2007 22:38:54 GMT)

Novell: SCO on its last legs, bankruptcy imminent
The SCO Group, the Unix vendor that gained notoriety for claiming IBM illegally incorporated its proprietary Unix code into Linux, is hanging by a thread and financial bankruptcy is "inevitable," according to court documents filed by Novell in U.S. District court in Utah last week. (Wed, 17 Jan 2007 02:21:07 GMT)

Aquarius Pools Files For Bankruptcy
Aquarius Pools has filed for bankruptcy and the Contractors State License Board is going after its contractors license, Call 3 has learned. (Wed, 17 Jan 2007 02:31:01 GMT)

Kara Homes taps a new fund source in bid to escape bankruptcy
Kara Homes Inc. has a new source of financing that could provide the money the beleaguered builder needs to resume construction of houses and help it emerge from bankruptcy. (Wed, 17 Jan 2007 09:27:50 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, 17 Jan 2007 21:51:11 GMT)

SCO punts on Novell bankruptcy claim
Swerves the verge SCO, which Novell claims is on the verge of bankruptcy, had less than $13m at the close of its Q4, less than half the amount its legal adversary Novell says it is owed from the maker of Unix products and services.… (Wed, 17 Jan 2007 22:53:51 GMT)

Refco Paid $145.3M for Bankruptcy Pros
Refco Inc., the defunct commodities brokerage that was wrecked by a corporate fraud scandal, has paid at least $145.3 million to the army of lawyers and restructuring professionals working on its bankruptcy case. (Wed, 17 Jan 2007 23:12:20 GMT)

Top Milbank Bankruptcy Partner Joins Quinn Emanuel
Quinn Emanuel Urquhart Oliver & Hedges has recruited a top bankruptcy partner from Milbank, Tweed, Hadley & McCloy. (Thu, 18 Jan 2007 05:11:54 GMT)

Death Row Bankruptcy Continues, Judge Sets A Date For Claims By Nolan Strong Date: 9/5/2006 9:50 am
A Los Angeles bankruptcy judge has set a deadline for parties to file claims against Death Row Records and Marion "Suge" Knight as part of a Chapter 11 restructuring of the legendary West coast label. (Thu, 18 Jan 2007 07:07:10 GMT)

Vermont bankruptcy filings drop 76 percent under stricter law
Bankruptcy filings fell 76 percent in Vermont last year, compared to 2005, creating an illusion that fewer Vermonters are struggling financially. (Thu, 18 Jan 2007 09:18:43 GMT)

Bankruptcy trustee questions Collins & Aikman disclosure
Collins & Aikman Corp. gave conflicting estimates of its value to creditors and shouldn't be allowed to solicit support for a plan to emerge from bankruptcy, the Office of the U.S. Trustee said. (Thu, 18 Jan 2007 20:21:42 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, 18 Jan 2007 21:51:56 GMT)

CSSD faces threat of bankruptcy proceedings
Prague, Jan 18 (CTK) - The Czech Social Democrats (CSSD) face the threat of bankruptcy proceedings which defence lawyer Zdenek Altner proposed today saying that the CSSD owes him more than 18 billion crowns, his reward for defending the CSSD in its dispute over its Prague headquarters Lidovy dum several years ago. (Fri, 19 Jan 2007 06:58:26 GMT)

Yukos assets valued at US$20 billion ahead of bankruptcy auction
Court-appointed evaluators have put a US$20 billion (Ђ16 billion) price tag on the remaining assets of the bankrupt Yukos oil group that are to be liquidated, the Vedomosti daily reported Friday, after a politically charged government campaign brought the company to its knees and put its former CEO behind bars. (Fri, 19 Jan 2007 11:32:45 GMT)

PALCO bankruptcy follows filing of December lawsuit
EUREKA, Calif. Pacific Lumber Company filed for Chapter eleven bankruptcy protection yesterday in Texas. The company says it cannot pay its debts. (Fri, 19 Jan 2007 23:02:56 GMT)

Mesaba bankruptcy plan may be released next week
Mesaba Airlines' plan of reorganization, expected to be filed Friday with the U.S. Bankruptcy Court, will probably be made public next week. "A plan of reorganization is a fairly complex document," and it's taking extra time for the lawyers to work out all the details, said Thomas Lallier, an attorney for the Mesaba creditors committee. Northwest Airlines plans to acquire Mesaba and the structure ... (Sat, 20 Jan 2007 01:34:41 GMT)

PALCO bankruptcy follows filing of December lawsuit
Pacific Lumber Company filed for Chapter eleven bankruptcy protection yesterday in Texas. (Sat, 20 Jan 2007 01:54:32 GMT)

Pacific Lumber files for bankruptcy, blames 'Headwaters' deal
The Pacific Lumber Co. announced Friday that it had filed for bankruptcy protection, citing as a major factor the historic "Headwaters agreement" it entered into that spared some of the world's oldest and largest redwood trees from the lumber mill. In... (Sat, 20 Jan 2007 02:33:29 GMT)

Pacific Lumber files for bankruptcy, blames 'Headwaters' deal
SAN FRANCISCO The Pacific Lumber Company says it has filed for bankruptcy protection, citing as a major factor an agreement that spared some of the world's oldest and largest... (Sat, 20 Jan 2007 04:21:34 GMT)

Pacific Lumber in bankruptcy
Maxxam's Pacific Lumber subsidiary has filed for Chapter 11 bankruptcy protection, saying the limits on logging imposed by California water quality regulators sharply cut its revenues. (Sat, 20 Jan 2007 06:52:32 GMT)

Pacific Lumber files for bankruptcy, blames 'Headwaters' deal
SAN FRANCISCO The Pacific Lumber Company says it has filed for bankruptcy protection, citing as a major factor an agreement that spared some of the world's oldest and largest redwood trees from the lumber mill. (Sat, 20 Jan 2007 07:20:57 GMT)

Maxxam units file for bankruptcy
Maxxam Inc. placed its embattled Pacific Lumber Co. subsidiary into Chapter 11 bankruptcy in an attempt to prevent bondholders from trying to foreclose on 200,000 acres of prime redwood forest in Northern California. (Sat, 20 Jan 2007 11:07:28 GMT)

Lumber firm bankruptcy may imperil redwoods
Pacific Lumber, whose plans to log Headwaters Forest and other redwood lands in Northern California triggered some of America's most intense logging battles in a generation, has filed for bankruptcy. (Sat, 20 Jan 2007 11:18:35 GMT)

Pacific Lumber leans / Company in Headwaters deal files for bankruptcy, citing logging restrictions
The Pacific Lumber Co. has filed for Chapter 11 bankruptcy protection, saying that environmental restrictions are preventing it from cutting enough redwoods to continue making payments on the roughly $714 million debt that Texas financier Charles Hurwitz... (Sat, 20 Jan 2007 11:46:06 GMT)

Grand jury indicts man over bankruptcy petition
A 58-year-old Brownsburg man has been indicted by a federal grand jury on charges of making false statements and hiding assets in connection with the filing of a bankruptcy petition in 2002, the U.S. attorney's office announced Friday. (Sat, 20 Jan 2007 12:10:01 GMT)

Mansion sold off in bankruptcy
A few creditors of Andre Tatibouet are buying the local hotelier's Diamond Head mansion for $7.5 million after a U.S. Bankruptcy Court auction last month failed to attract a $9.8 million minimum bid. (Sat, 20 Jan 2007 13:57:00 GMT)

Pacific Lumber Co. files for bankruptcy
SAN FRANCISCO — Pacific Lumber Co., a timber giant on California's North Coast for more than 140 years, has filed for bankruptcy, contending that environmental restrictions by the state have made it impossible to log enough to make a profit. (Sat, 20 Jan 2007 21:19:16 GMT)

Lumber Firm Bankruptcy May Imperil Redwoods: FATE OF 200,000 ACRES IN HUMBOLDT IN DOUBT
By Paul Rogers, San Jose Mercury News, Calif. Jan. 20--Pacific Lumber, whose plans to log Headwaters Forest and other redwood lands in Northern California triggered some of America's most intense logging battles in a generation, has filed for bankruptcy. (Sat, 20 Jan 2007 22:17:33 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, 21 Jan 2007 01:59:26 GMT)

Women face debt timebomb from fear of bankruptcy due to social stigma
Thousands of women who are in desperate debt are shying away from bankruptcy because of the social stigma. Refusal to take this difficult decision is piling on misery and creating even greater debt problems, says new research (Mon, 22 Jan 2007 00:41:29 GMT)

Women face debt timebomb from fear of bankruptcy due to social stigma
Thousands of women who are in desperate debt are shying away from bankruptcy because of the social stigma. (Mon, 22 Jan 2007 00:54:11 GMT)

Bankruptcy has no prejudices
Standing out in raised relief on a polished wooden wall inside an imposing glass-sided building on Morgan Street, the words have an aura of grandeur about them: (Mon, 22 Jan 2007 04:12:11 GMT)

Tatibouet completes sale of home, could exit bankruptcy
Hawaii hotelier André Tatibouet sold his 18,000-square-foot Diamond Head mansion to a group of private investors in a bankruptcy auction this week. (Mon, 22 Jan 2007 05:48:14 GMT)

Richmond man's debt cycle led to bankruptcy
It started four years ago, a debt spiral that ended in bankruptcy for Richmond resident Curtis Daniels. Daniels, now 55, was then working three jobs -- at the Ukrop's bakery, in a law office as a janitor and in a restaurant as a dishwasher and short-order cook. (Mon, 22 Jan 2007 06:33:25 GMT)

Bankruptcy filings
The following people and organizations filed for bankruptcy protection from the U.S. Northern District Bankruptcy Court from Jan. 12-18. William B. Smith of 2 Munsell St. filed for Chapter 7 on Jan. 12. (Mon, 22 Jan 2007 07:42:24 GMT)

Start Fresh Today Now the One-Stop Resource for Everyone in the Bankruptcy Process -- Consumers, Bankruptcy Attorneys, ...
Start Fresh Today launches an invigorated, redesigned, content-rich website at www.StartFreshToday.com . The site has resources for everyone involved in the consumer bankruptcy process. One convenient location serves bankruptcy attorneys, petitioners, trustees, and the agencies that provide Credit Counseling and Debtor Education. Since the Bankruptcy Abuse Prevention and Consumer Protection Act ... (Mon, 22 Jan 2007 08:26:23 GMT)

Pacific Lumber in Bankruptcy: Maxxam Unit Blames Limits Placed on Logging
Jan. 20--Maxxam's Pacific Lumber subsidiary has filed for Chapter 11 bankruptcy protection, saying the limits on logging imposed by California water quality regulators sharply cut its revenues. (Mon, 22 Jan 2007 18:40:38 GMT)

Logan named president of San Diego Bankruptcy Forum
Jana Logan of Kirby & McGuinn, A P.C. was named president of the 2007 San Diego Bankruptcy Forum Board of Directors at the group's January meeting. (Tue, 23 Jan 2007 01:54:38 GMT)

Partial Bailout Offered in Book Bankruptcy
Small publishers left reeling by the major book wholesaler Advanced Marketing Services? bankruptcy filing last month received a rare bit of good news yesterday. (Tue, 23 Jan 2007 03:54:56 GMT)

New Bankruptcy Law Aids American Express
The American Express Corporation, the financial and travel services company, reported yesterday that stronger holiday shopping and a reduction in bankruptcy write-offs helped lift fourth-quarter profit by 24 percent. (Tue, 23 Jan 2007 03:56:16 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, 23 Jan 2007 10:34:23 GMT)

Tenn. cemetery company files for bankruptcy day before hearing
MEMPHIS, Tenn. -- The owner of three funeral homes and three cemeteries in Memphis filed for bankruptcy in his home state of Oklahoma the day before a hearing to decide whether the... (Tue, 23 Jan 2007 11:07:27 GMT)

Tennessee cemetery company files for bankruptcy day before hearing
MEMPHIS, Tenn. -- The owner of three funeral homes and three cemeteries in Memphis filed for bankruptcy in his home state of Oklahoma the day before a hearing to decide whether the state of Tennessee can take over the businesses. (Tue, 23 Jan 2007 11:59:48 GMT)

Dimondale cemetery owner files for bankruptcy
MEMPHIS - The owner of 28 Michigan cemeteries, including Forest Lawn in Dimondale, that were seized by the state in late December, has filed for bankruptcy. The cemetery and funeral home owner, Clayton Smart of Oklahoma, who also owns three funeral homes and three cemeteries in Memphis filed for bankruptcy in his home state of Oklahoma the day before a hearing to decide whether the state of ... (Tue, 23 Jan 2007 13:00:32 GMT)

Memphis Cemetery Company Based In Oklahoma Files For Bankruptcy Day Before Hearing
MEMPHIS, Tenn. (AP) _ An Oklahoma man who owns three funeral homes and three cemeteries in Memphis, Tennessee, has filed for bankruptcy one day before a hearing on whether Tennessee can take over the businesses. (Tue, 23 Jan 2007 13:50:26 GMT)

16 more bankruptcy filings last year than in 2005
AP-NDBankruptcy Filings,0102 16 more bankruptcy filings last year than in 2005 (Doug Barrett, KNOX, Grand Forks) UNDATED (AP) North Dakota is seeing a slight increase in bankruptcy filings. Figures from federal bankruptcy court (Tue, 23 Jan 2007 15:29:05 GMT)

Cemetery owner files for bankruptcy
LANSING --An Oklahoma oil and gas speculator who owns a chain of cemeteries in Michigan and Tennessee has filed for bankruptcy in Tennessee -- a day before regulators there were to decide whether to strip Clayton Smart of ownership. (Tue, 23 Jan 2007 17:59:03 GMT)

Tiger Aircraft files for bankruptcy
Martinsburg-based Tiger Aircraft listed assets of about $3.2 million and debts of more than $929,000 in a Chapter 7 bankruptcy case filed in federal court Jan. 16. (Tue, 23 Jan 2007 18:53:41 GMT)

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