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Home > Bankruptcy News

Bankruptcy News Feb 2007

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Clergy meet as activists blast idea of bankruptcy
Feb. 20 (UNION-TRIBUNE): San Diego Bishop Robert Brom met behind closed doors yesterday with hundreds of priests, a session clouded by a possible bankruptcy filing as the first civil trials in the sex-abuse scandal loom. Roman Catholic officials refused to be interviewed about the meeting, or whether the diocese plans to follow through on Brom's contemplation of bankruptcy reorganization, which ... (Tue, 20 Feb 2007 09:34:30 GMT)

Diocese to sell bishop’s home in bankruptcy
The Catholic Diocese of Davenport is preparing to sell off three properties it owns as part of its Chapter 11 bankruptcy filing, according to a... (Tue, 20 Feb 2007 12:47:57 GMT)

Winn-Dixie Posts Loss Post-Bankruptcy
Grocery store chain Winn-Dixie Stores Inc. said Tuesday it recorded a loss of almost $10 million in the eight weeks since it emerged from bankruptcy. (Tue, 20 Feb 2007 14:23:26 GMT)

Plaintiffs urge San Diego diocese to avoid bankruptcy filing
Plaintiffs hoping to sue the Catholic Diocese of San Diego for allegedly allowing priests to sexually abuse them as children protested in pounding rain as priests met to discuss filing for bankruptcy before the first cases go to trial. (Tue, 20 Feb 2007 20:31:39 GMT)

Diocese considers bankruptcy in face of lawsuits
The Roman Catholic Diocese of San Diego is considering filing for Chapter Eleven reorganization in bankruptcy court because of lawsuits filed on behalf of 143 people alleging sexual abuse by priests. (Tue, 20 Feb 2007 22:08:59 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, 20 Feb 2007 22:47:32 GMT)

Diocese prepares to sell property after bankruptcy
DAVENPORT, Iowa The Roman Catholic Diocese of Davenport is getting ready to put some property on the market. According to a motion filed in U-S Bankruptcy Court, The diocese plans to sell a bishop's house, a single-family home and a 25-acre farm. (Wed, 21 Feb 2007 01:41:06 GMT)

Bankruptcy trustee accuses Eimicke of hiding assets
A Bankruptcy Court trustee has accused one of the principals in the failed V.W. Eimicke Associates Inc. family business of concealing assets and perjuring herself in connection with her personal bankruptcy case. (Wed, 21 Feb 2007 07:43:56 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. (Sun, 25 Feb 2007 14:04:58 GMT)

Too early for parishes to tell what bankruptcy filing might mean
While San Diego-area Catholics were surprised to hear last weekend that their diocese was considering filing for Chapter 11 bankruptcy protection, officials say it's still too early to tell how such proceedings might affect their parishes. (Mon, 26 Feb 2007 03:33:05 GMT)

McKinney Aerospace files for Ch. 11 bankruptcy
Shuttered aircraft modification center McKinney Aerospace LP has filed for Chapter 11 bankruptcy protection. (Mon, 26 Feb 2007 05:25:03 GMT)

PALCO bankruptcy workshop to be offered Friday
A coalition of organizations is offering a free public workshop to bring the community up to speed on the recently filed Pacific Lumber Co. bankruptcy. (Mon, 26 Feb 2007 08:14:59 GMT)

Recent Bankruptcy Laws Creating New Opportunities for Debt Recovery Firm and Clients
The rate of civil litigation in US courts continues to increase every year, making it continually more difficult to complete a debt recovery lawsuit in its entirety. Even when the suits are concluded, most are not ultimately settled. However, changes in bankruptcy laws that became effective in October 2005 have allowed E.E.C. Financial, an executive debt recovery firm, to recover millions more ... (Mon, 26 Feb 2007 08:25:56 GMT)

Dura Automotive Seeks Extension To File Bankruptcy Plan
(AP) Dura Automotive Systems is asking for more time to put together a restructuring plan of its own. The Rochester Hills-based company says it wants to avoid interference from those with their own ideas for getting the company out of bankruptcy. (Mon, 26 Feb 2007 19:20:20 GMT)

Machinists Challenge US Airways' Bankruptcy Shield
The International Association of Machinists and Aerospace Workers (IAM) today filed a federal lawsuit challenging US Airways' use of bankruptcy court to avoid an arbitration case stemming from a Machinists Union grievance. US Airways last week filed a complaint in bankruptcy court asking a bankruptcy judge to block a grievance arbitration scheduled to begin today, prompting the IAM's suit. (Mon, 26 Feb 2007 21:13:00 GMT)

Bankruptcy trustee wants probe of Collins & Aikman fees
WASHINGTON -- The Justice Department is backing a call by a big creditor of Collins and Aikman Corp. to appoint an examiner to look into more than $100 million in fees charged by... (Mon, 26 Feb 2007 23:37:29 GMT)

Supreme Court Declines to Consider Bankruptcy Case
Feb. 27, 2007 (Associated Press) WASHINGTON - The Supreme Court on Monday said it won't consider a case brought by a bankrupt company that charged several large, well-known accounting firms and investment banks with enabling a fraudulent transaction that it says led to the company's Chapter 11 filing. (Tue, 27 Feb 2007 04:05:32 GMT)

Auto Briefs
WASHINGTON -- The Justice Department is backing a call by a big creditor of Collins & Aikman Corp. to appoint an examiner to look into more than $100 million in fees charged by professionals in its bankruptcy case. U.S. Trustee Saul Eisen, a Justice Department employee, said Collins & Aikman investor Third Avenue Value Fund had made "troubling allegations that merit an independent investigation," ... (Tue, 27 Feb 2007 07:15:19 GMT)

San Diego diocese filing for bankruptcy over sex-abuse claims
The Roman Catholic Diocese of San Diego will file for Chapter 11 bankruptcy protection to avoid going to trial in more than 140 lawsuits alleging sexual abuse by priests. It's the fifth U.S. diocese to file for court protection, and... (Wed, 28 Feb 2007 02:06:55 GMT)

San Diego diocese to file for bankruptcy on trial’s eve, bishop says
SAN DIEGO — The Roman Catholic Diocese of San Diego said today that it planned to file for bankruptcy protection to put off going to trial in more than 140 lawsuits alleging sexual abuse by priests. (Wed, 28 Feb 2007 02:19:43 GMT)

San Diego Diocese plans bankruptcy filing
The Roman Catholic Diocese of San Diego says it plans to file for bankruptcy protection to put off going to trial in more than 140 lawsuits alleging sexual abuse by priests. (Wed, 28 Feb 2007 02:44:37 GMT)

Diocese Of San Diego Announces It Will File Bankruptcy
The Catholic Diocese of San Diego announced Tuesday that it is filing for Chapter 11 bankruptcy, following failed settlement negotiations in lawsuits alleging sex abuse by priests. (Wed, 28 Feb 2007 03:32:28 GMT)

Trials Delayed as Diocese Files for Bankruptcy
The Roman Catholic Diocese of San Diego said Tuesday that it planned to file for Chapter 11 bankruptcy protection to put off going to trial in more than 140 lawsuits accusing priests of sexual abuse. (Wed, 28 Feb 2007 03:34:26 GMT)

Diocese Files for Bankruptcy
Facing a looming trial on priest child molestation charges, the San Diego Catholic Diocese files Chapter 11 bankruptcy. (Wed, 28 Feb 2007 06:29:14 GMT)

Bankruptcy judge approves Northwest's purchase of Mesaba
NEW YORK -- Northwest Airlines Corp. won permission from the judge overseeing its bankruptcy case to buy Mesaba Airlines, a regional carrier also in bankruptcy. (Wed, 28 Feb 2007 06:55:21 GMT)

Calif. diocese plans bankruptcy filing
The Roman Catholic Diocese of San Diego said Tuesday that it planned to file for bankruptcy protection to put off going to trial in more than 140 lawsuits alleging sexual abuse by priests. (Wed, 28 Feb 2007 06:58:07 GMT)

San Diego diocese to file bankruptcy protection on trial's eve
SAN DIEGO - The Roman Catholic Diocese of San Diego said Tuesday that it planned to file for bankruptcy protection to put off going to trial in more than 140 civil lawsuits alleging sexual abuse by priests. (Wed, 28 Feb 2007 07:10:06 GMT)

On eve of trial, San Diego Diocese files for bankruptcy protection
On the eve of trial, the Roman Catholic Diocese of San Diego announced it is filing for Chapter 11 bankruptcy Tuesday just hours after its final settlement offer was rejected by the attorneys for dozens of people who claim to have been sexually abused by priests. (Wed, 28 Feb 2007 07:49:39 GMT)

San Diego diocese files for bankruptcy
The Roman Catholic Diocese of San Diego filed for Chapter 11 bankruptcy protection hours before it was scheduled to go to trial in the first of more than 140 lawsuits accusing priests of sexual abuse — a filing that automatically halted court proceedings scheduled for Wednesday. (Wed, 28 Feb 2007 13:06:53 GMT)

Bishop: San Diego diocese plans bankruptcy filing
The Roman Catholic Diocese of San Diego said Tuesday that it planned to file for bankruptcy protection to put off going to trial in more than 140 lawsuits alleging sexual abuse by priests. (Wed, 28 Feb 2007 13:45:46 GMT)

Church's bankruptcy filing derails priest abuse trial
SAN DIEGO, California (AP) -- The Roman Catholic Diocese of San Diego filed for Chapter 11 bankruptcy protection a few hours before it was to go to trial Wednesday in the first of more than 140 lawsuits accusing priests of sexual abuse. (Wed, 28 Feb 2007 16:58:06 GMT)

San Diego Roman Catholic Diocese files for bankruptcy
The petition was lodged with the federal bankruptcy court just hours before the first of 140 civil lawsuits alleging sexual abuse by priests was due to begin in a San Diego courtroom. (Wed, 28 Feb 2007 17:27:37 GMT)

Fifth US diocese in pedophilia scandal files for bankruptcy
A fifth US Catholic diocese caught up in a pedophilia scandal has filed for bankruptcy after failing to settle up to 200 million dollars in claims by victims of sex abuse by priests. (Wed, 28 Feb 2007 17:34:17 GMT)

San Diego archdiocese declares bankruptcy
The Roman Catholic Archdiocese of San Diego has declared bankruptcy, halting the trials for lawsuits alleging sexual abuse of children by priests. (Wed, 28 Feb 2007 17:40:51 GMT)

San Diego Diocese Seeks Bankruptcy in Face of Suits (Update1)
Feb. 28 (Bloomberg) -- The Archdiocese of San Diego filed for bankruptcy protection yesterday after it was unable to settle dozens of lawsuits accusing priests of sexual abuse. (Wed, 28 Feb 2007 18:05:26 GMT)

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