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Home > Bankruptcy News

Bankruptcy News Jun 2007

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Northwest exits bankruptcy protection
With Northwest Airlines out of bankruptcy on Thursday, the nation's largest carriers have reorganized to compete better in a world of discount carriers and higher fuel prices. (Fri, 01 Jun 2007 01:19:37 GMT)

Northwest Exits Bankruptcy and Begins to Trade Shares
Shares of Northwest Airlines newly emerged from bankruptcy protection, began trading on the New York Stock Exchange. (Fri, 01 Jun 2007 03:25:45 GMT)

China starts new bankruptcy law
China introduces a new bankruptcy law that gives creditors precedence over workers at failed companies. (Fri, 01 Jun 2007 06:47:30 GMT)

Northwest Exits Bankruptcy Protection
MINNEAPOLIS_Northwest Airlines departed bankruptcy protection on Thursday, capping a 20-month reorganization aimed at making the nation's fifth-largest carrier competitive for years to come. (Fri, 01 Jun 2007 13:54:49 GMT)

Spokane Catholic Diocese emerges from bankruptcy
The Spokane Catholic Diocese has emerged from the brink of bankruptcy, thanks to millions of dollars in donations from Seattle. (Fri, 01 Jun 2007 15:32:15 GMT)

Northwest Airlines exits bankruptcy
The airline used its 20 months in bankruptcy court protection to cut $2.4 billion from its annual expenses, including a 40 percent cut in labor costs. (Fri, 01 Jun 2007 16:45:58 GMT)

Bike Tire Maker to Exit Bankruptcy
A Delaware bankruptcy judge gave the green light to the reorganization plan of Sweetskinz Holdings Inc. paving the way for the bicycle tire manufacturer to exit Chapter 11 under the control of a San Francisco hedge fund. (Fri, 01 Jun 2007 18:15:51 GMT)

Former sex blogger files for bankruptcy
Jessica Cutler, the former Senate aide whose online sex diary landed her a book deal and a Playboy photo spread but got her kicked off Capitol Hill, has filed for bankruptcy. (Fri, 01 Jun 2007 21:07:44 GMT)

Northwest emerges from bankruptcy
MINNEAPOLIS - Northwest Airlines departed bankruptcy protection on Thursday, capping a 20-month reorganization aimed at making the nation's fifth-largest carrier competitive for years to come. (Sat, 02 Jun 2007 07:25:07 GMT)

Spokane Diocese emerges from bankruptcy
The Catholic Diocese of Spokane has emerged from bankruptcy 2 1/2 years after filing for Chapter 11 protection because of sex abuse cases. Now, Bishop William Skylstad and parishioners must raise $48 million to settle victims' claims. (Sat, 02 Jun 2007 07:33:41 GMT)

Spokane Diocese Emerges From Bankruptcy
The Catholic Diocese of Spokane has emerged from bankruptcy 2 1/2 years after filing for Chapter 11 protection because of sex abuse cases. (Sat, 02 Jun 2007 07:33:41 GMT)

Spokane Diocese Emerges From Bankruptcy
SPOKANE, Wash. The Catholic Diocese of Spokane has emerged from bankruptcy 2 1/2 years after filing for Chapter 11 protection because of sex abuse cases. Now, Bishop William Skylstad and parishioners must raise $48 million to settle victims' claims. (Sat, 02 Jun 2007 07:50:00 GMT)

Spokane diocese out of bankruptcy after abuse claims
The Catholic Diocese of Spokane has emerged from bankruptcy 30 months after filing for Chapter 11 protection from lawsuits over past clergy... (Sat, 02 Jun 2007 08:15:46 GMT)

Bankruptcy filings up 74 percent for area
Filings in U.S. Bankruptcy Court in Toledo were up 74 percent last month and are up 84 percent for the first five months of 2007, the court reported yesterday. (Sat, 02 Jun 2007 10:42:12 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. (Sat, 02 Jun 2007 12:15:09 GMT)

Amp'd files for chapter 11 bankruptcy
We wish we could say we're surprised -- ok fine, we're always a little surprised when a company files for bankruptcy -- but it looks like Amp'd Mobile has filed chapter 11. (Sun, 03 Jun 2007 02:14:19 GMT)

Amp'd Files For Bankruptcy Protection
Amp'd Mobile filed for Chapter 11 bankruptcy late on Friday. The company owes over $100 million dollars to a variety of creditors, including $33 million to network provider Verizon and $16 million to hardware provider Motorola. The virtual carrier ... (follow link to read) (Sun, 03 Jun 2007 02:25:35 GMT)

Amp'd Mobile Files for Bankruptcy
News by Brad Kellett on Saturday June 02, 2007. Note: Sponsored advertising links, if any, are in green. The Wall Street Journal is reporting that mobile virtual network operator (MVNO) Amp'd Mobile filed for Chapter 11 bankruptcy late Friday night. (Sun, 03 Jun 2007 03:39:01 GMT)

NWA threw its weight around in bankruptcy
Not everyone agrees how well the new Northwest Airlines will fare now that it's out of bankruptcy. Some maintain the industry is only a recession away from another crisis. But just about everyone agrees that Northwest threw its weight around as it slashed costs over the past 20 months. (Sun, 03 Jun 2007 05:17:56 GMT)

Town's bankruptcy filing thrown out
A federal judge has dismissed the Town of Marion's bankruptcy petition, which it filed after being ordered to pay a $400,000 past due sewer disposal bill to the city of Meridian. (Sun, 03 Jun 2007 08:08:16 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. (Sun, 03 Jun 2007 18:38:13 GMT)

China introduces bankruptcy law
Beijing. China has introduced a new bankruptcy law that gives creditors precedence over workers when it comes to claiming the assets of failed companies. (Sun, 03 Jun 2007 22:53:03 GMT)

Ampd Mobile Files for Bankruptcy Protection
The USA based MVNO, Amp'd Mobile says that it has filed for Chapter 11 bankruptcy protection as it tries to restructure the business. The company says that it has had to carry out the restructuring due to fast growth which its back-end infrastructure has not been able to manage. (Mon, 04 Jun 2007 00:22:02 GMT)

Niche Cellphone Company in California Files for Bankruptcy Protection
Amp?d Mobile, a niche cellphone provider aimed at the young and technologically sophisticated, filed for Chapter 11 with the intention of revamping the business. (Mon, 04 Jun 2007 01:00:17 GMT)

Luxury car dealer heads for bankruptcy court
Platinum Motors, a North Austin dealer of used luxury cars, has filed for protection from creditors under Chapter 11 of the federal bankruptcy code. (Mon, 04 Jun 2007 05:04:31 GMT)

'Washingtonienne' blogger files for bankruptcy (1 p.m.)
WASHINGTON (AP) — Jessica Cutler, the former Senate aide whose online sex diary landed her a book deal and a Playboy photo spread but got her kicked off Capitol Hill, has filed for bankruptcy. (Mon, 04 Jun 2007 06:08:39 GMT)

Fresh from bankruptcy, Delta poised to soar, executive says
Delta Air Lines Inc. had to suffer the indignity of a 19-month detour into bankruptcy court, but Delta chief operating officer Jim Whitehurst says he thinks the carrier came out of the process well – and better than some of its rivals. (Mon, 04 Jun 2007 14:04:39 GMT)

Amp'd Mobile Files For Bankruptcy
In a spectacular flameout, Los Angeles-based Amp'd Mobile has filed for Chapter 11 bankruptcy, saying Friday that it has been unable to keep up with customer demand due to rapid growth.... (more) (Mon, 04 Jun 2007 14:16:06 GMT)

Amp'd Mobile Files For Bankruptcy Protection
Highlighting the struggles that mobile virtual network operators face to break into the highly competitive cellular marker, Amp'd Mobile filed for Chapter 11 bankruptcy protection over the weekend. (Mon, 04 Jun 2007 15:30:34 GMT)

MTV-backed Amp'd Mobile files for bankruptcy protection
The cellphone company that garnered more than $360 million from a broad range of well-heeled investors is hoping to revive itself under the protection of a bankruptcy filing. (Mon, 04 Jun 2007 15:32:01 GMT)

Amp'd Mobile Files for Bankruptcy
Amp’d Mobile, the mobile virtual-network operator focused on selling TV and other entertainment content on wireless phones, filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court in Delaware Friday. (Mon, 04 Jun 2007 16:22:45 GMT)

Amp'd Mobile files for bankruptcy
Los Angeles cellphone company Amp'd Mobile filed for Chapter 11 bankruptcy protection during the weekend. (Mon, 04 Jun 2007 17:59:08 GMT)

Amp'd Mobile files for bankruptcy protection
Privately held U.S. mobile service provider Amp'd Mobile has filed for Chapter 11 bankruptcy protection with estimated debts of more than $100 million, according to court documents. (Mon, 04 Jun 2007 18:16:22 GMT)

Amp'd Mobile files for bankruptcy protection
Blog: Amp'd Mobile files for bankruptcy protection (Mon, 04 Jun 2007 18:47:32 GMT)

Ritchie, Facing Losses, Plans Bankruptcy for Insurance Holdings
June 4 (Bloomberg) -- Ritchie Capital Management Ltd. is preparing to seek bankruptcy protection for life-insurance holdings in its flagship hedge fund, a month after blaming its co-investor for more than $700 million in losses. (Mon, 04 Jun 2007 20:40:34 GMT)

Amp'd Mobile has filed for bankruptcy shield
Amp'd Mobile LLC, a U.S. wireless phone service provider, filed for bankruptcy protection saying it has been unable to keep up with customer demand. (Tue, 05 Jun 2007 08:38:17 GMT)

Amp'd files for bankruptcy
Fate of cell-phone company's high-flying founder not disclosed. Amp'd Mobile , a youth-oriented cell phone entertainment company founded in Orange County 18 months ago, has filed for Chapter 11 bankruptcy protection after burning through $360 million in venture capital funding. (Tue, 05 Jun 2007 10:59:50 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. (Tue, 05 Jun 2007 11:59:54 GMT)

US: C&A bankruptcy hearing postponed
A major bankruptcy hearing for Collins & Aikman's Chapter 11 bankruptcy case has been postponed to give the company more time to sell off parts of its business and settle objections to the firm's plan to liquidate, a Detroit newspaper reported. (Tue, 05 Jun 2007 14:23:39 GMT)

Judge approves Pittsburgh brewery's bankruptcy plan
PITTSBURGH (AP) - The Pittsburgh Brewing Company will soon be emerging from bankruptcy. The iconic Pittsburgh brewery got approval today to emerge from bankruptcy protection with new ownership and a new name. Starting in July, the company will be known as Iron City Brewing Company. (Tue, 05 Jun 2007 21:26:59 GMT)

New Century Bankruptcy Examiner Named
Federal bankruptcy overseers said Tuesday that they have appointed a Washington, D.C., lawyer with a track record in securities enforcement and investigations as examiner in the Chapter 11 case of New Century Financial Corp. (Tue, 05 Jun 2007 21:50:11 GMT)

VECO names bankruptcy specialist as new chief
The VECO Corp. board of directors has named Daniel E. Armel, a bankruptcy specialist, as its new interim chief executive. (Wed, 06 Jun 2007 02:33:40 GMT)

Bankruptcy's over, Iron City is back
Pittsburgh Brewing Co. got approval to emerge from bankruptcy protection with new ownership and the name that the iconic western Pennsylvania brewery started with nearly 150 years ago: Iron City Brewing. (Wed, 06 Jun 2007 07:31:52 GMT)

MIND YOUR BUSINESS / Wife's bankruptcy might not ruin chances for bistro's loan
Q: My cousin is a former restaurant manager from France who would like to open his own French bistro here. However, he's having trouble getting funding. Because his wife filed for bankruptcy several years ago, the bank will allow him to borrow against only a... (Wed, 06 Jun 2007 10:38:36 GMT)

New Century Financial Corp. gets bankruptcy examiner
NEW YORK, June 6 (Reuters) - The U.S. government has appointed an examiner to look at why New Century Financial Corp. slid into Chapter 11 bankruptcy, the largest U.S. subprime lender to do so, according to court papers. (Wed, 06 Jun 2007 12:06:26 GMT)

Bankruptcy court shuffling cases as fourth judge added to help out
Bankruptcy cases in Arkansas are being shuffled around to balance out caseloads as a result of a new judge taking the bench in Fayetteville. (Arkansas Democrat-Gazette Northwest Edition) (Wed, 06 Jun 2007 12:33:18 GMT)

Judge approves Pittsburgh brewery’s bankruptcy plan
6/6/2007 - PITTSBURGH (AP) — Pittsburgh Brewing Co. got approval Tuesday to emerge from bankruptcy protection with new ownership and the name the iconic western Pennsylvania brewery started with nearly 150 years ago: Iron City Brewing Co. (Wed, 06 Jun 2007 13:05:03 GMT)

Judge approves Pittsburgh brewery's bankruptcy plan
Pittsburgh Brewing Co. got approval Tuesday to emerge from bankruptcy protection with new ownership and the name the iconic western Pennsylvania brewery started with nearly 150 years ago: Iron City Brewing Co. (Wed, 06 Jun 2007 15:39:51 GMT)

UBS Settles Enron Bankruptcy Lawsuit Claims for $115 Million
June 6 (Bloomberg) -- UBS AG will pay Enron Corp. $115 million to settle a lawsuit over claims the bank received preferential treatment as the energy trader moved toward bankruptcy, Enron said. (Wed, 06 Jun 2007 22:10:34 GMT)

Amp'd Mobile Bankruptcy Casts Shadow On MVNOs
The joint venture of EarthLink (NasdaqGS:ELNK - News) and SK Telecom doesn't want to follow in the footsteps of Walt Disney's Mobile ESPN, which shut down last year, or Amp'd Mobile, which filed for bankruptcy reorganization protection on Friday. (Wed, 06 Jun 2007 23:00:00 GMT)

Bankruptcy filings continue upward pace
Bankruptcy filings in Maricopa County continued their upward pace in May with 563 new cases reported by the U.S. Bankruptcy Court for the District of Arizona. (Thu, 07 Jun 2007 04:55:30 GMT)

Physicians Hospital files for bankruptcy protection
Physicians Hospital, a 40-bed, doctor-owned hospital that has struggled since opening 3 1/2 years ago, filed for Chapter 11 bankruptcy protection this week. (Thu, 07 Jun 2007 06:41:48 GMT)

Swissair ex-CEO Corti, top executives cleared over airline's bankruptcy UPDATE
(Updating with more details, background) ZURICH (Thomson Financial) - Swissair AG's former chief executive Mario Corti has been cleared by a Swiss court of all charges over the airline's 2001 bankruptcy. (Thu, 07 Jun 2007 08:05:30 GMT)

Judge approves Pittsburgh brewery's bankruptcy plan
Pittsburgh Brewing Co. got approval Tuesday to emerge from bankruptcy protection with new ownership and the name the iconic western Pennsylvania brewery started with nearly 150 years ago: Iron City Brewing Co. (Thu, 07 Jun 2007 08:18:22 GMT)

Bankruptcy attorney gets approval to build office
CREST HILL -- The area's most famous bankruptcy attorney is a step closer to setting up shop in town. (Thu, 07 Jun 2007 09:25:42 GMT)

Bus tour operator back from bankruptcy
New Orleans Tours Inc., a bus operator whose business was ravaged by Hurricane Katrina, emerged from Chapter 11 bankruptcy this week. "We're a smaller but much more healthy company than we were before the storm," General Manager Bob Bourg said. "Our mission now is to remain healthy." (Thu, 07 Jun 2007 09:40:59 GMT)

Rumford gets bankruptcy extension
A bankruptcy judge granted more time yesterday for Rumford Energy attorneys to retrieve confiscated business files from the state attorney general's office. (Thu, 07 Jun 2007 12:05:31 GMT)

Bankruptcy court approves sale of Samaritan Hospital
A federal bankruptcy judge has approved the sale of the assets of Samaritan Hospital in Lexington, Ky., to UK HealthCare for $13 million, as part of the hospital's Chapter 11 reorganization. (Thu, 07 Jun 2007 14:12:34 GMT)

New Century bankruptcy examiner okayed by judge
NEW YORK, June 7 (Reuters) - The federal judge overseeing New Century Financial Corp.'s bankruptcy on Thursday approved the appointment of Michael Missal, a specialist in securities enforcement and investigations, as the subprime lender's examiner. (Thu, 07 Jun 2007 20:05:07 GMT)

Federal-Mogul: Automakers’ objections don’t threaten plans to leave bankruptcy
Southfield-based Federal-Mogul Corp. said Wednesday that objections raised by Ford Motor Co., Chrysler Corp. and Volkswagen of America Inc. do not pose a threat to its plans to exit Chapter 11 bankruptcy on June 18. (Fri, 08 Jun 2007 01:13:07 GMT)

NRI Accuses Gang of Traitors of Driving Economy to Bankruptcy
Pyongyang, June 7 (KCNA) -- The National Reunification Institute (NRI) Wednesday made public an indictment to disclose the true colors of the group of traitors who have driven the south Korean economy to bankruptcy and people's living to destitution in a bid to frustrate their shameless attempt to come to "power." (Fri, 08 Jun 2007 02:24:10 GMT)

Bankruptcy filings in May rose 26#x25 over last year
Bankruptcy filings in Utah continue to climb. (Fri, 08 Jun 2007 06:38:01 GMT)

Prosecutor is accused of fraud in bankruptcy
An Eastern Kentucky prosecutor took part in fraudulent transactions to hide money from a creditor, a bankruptcy trustee has claimed. (Fri, 08 Jun 2007 07:23:35 GMT)

No longer deserted / In bankruptcy 4 years ago, Just Desserts is rising again
Four years ago, Just Desserts had fallen into bankruptcy and its future looked like a deflated cake. Now, under different ownership, the company is on the rise, with revenue up 40 percent last year. Just Desserts, which started in San Francisco... (Fri, 08 Jun 2007 10:38:04 GMT)

No longer deserted / In bankruptcy 4 years ago, Just Desserts is rising again
Four years ago, Just Desserts had fallen into bankruptcy and its future looked like a deflated cake. Now, under different ownership, the company is on the rise, with revenue up 40 percent last year. (Fri, 08 Jun 2007 10:59:46 GMT)

Taiwan passes bankruptcy law for individuals
TAIPEI, June 8 (Reuters) - Taiwan passed its first bankruptcy law for individuals, legislators said on Friday, a move that is likely to hit banks in the country, Asia's fourth-biggest market. (Fri, 08 Jun 2007 12:01:04 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 Jun 2007 12:14:54 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 Jun 2007 13:40:28 GMT)

Judge Meredith Jury Named to Ninth Circuit Bankruptcy Appellate Panel
The Judicial Council of the Ninth Circuit has named U.S Bankruptcy Judge Meredith A. Jury to the circuit’s Bankruptcy Appellate Panel. (Fri, 08 Jun 2007 16:43:45 GMT)

McCall Plans to Make First Payment to Avoid Bankruptcy
The mayor of McCall says the city plans to pay more than 300-thousand dollars at the end of this month as it attempts to fend off bankruptcy. (Fri, 08 Jun 2007 18:02:31 GMT)

Bankruptcies
Petitions filed with more than $100,000 in debts in federal bankruptcy court in Fresno, which handles Fresno, Kern, Kings, Madera, Mariposa, Merced and Tulare counties: (Sun, 10 Jun 2007 13:16:22 GMT)

List of Credits Counseling Agencies Approved Pursuant to the U.S. Bankruptcy Code
All content © Copyright 2000 - 2007 WorldNow and WIVB. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service . (Sun, 10 Jun 2007 13:52:29 GMT)

Federal-Mogul: Automakers’ objections don’t threaten plans to leave bankruptcy
Southfield-based Federal-Mogul Corp. said Wednesday that objections raised by Ford Motor Co., Chrysler Corp. and Volkswagen of America Inc. do not pose a threat to its plans to exit Chapter 11 bankruptcy on June 18. (Mon, 11 Jun 2007 01:12:49 GMT)

Bankruptcy Filing May Delay Pornography on Cellphones
Amp?d Mobile?s filing for protection from bankruptcy may delay the introduction of sex-oriented programming on cellphones. (Mon, 11 Jun 2007 01:25:45 GMT)

Taiwan awaits fallout from bankruptcy law
Banks in Taiwan are braced for the fallout from new personal bankruptcy legislation, which, they say, could encourage debtors not to meet repayment obligations. (Mon, 11 Jun 2007 02:04:59 GMT)

Firm deals with changes in bankruptcy law
Wayne Novick's law firm was hit hard after the new bankruptcy laws went into effect in October 2005 and the number of bankruptcy filings dropped off. The law changes make it more difficult and expensive for individuals to file for bankruptcy. (Mon, 11 Jun 2007 04:51:11 GMT)

Taiwan banking shares fall on personal bankruptcy law
TAIPEI, June 11 (Reuters) - Taiwan banking shares fell on Monday after the legislature passed Taiwan's first bankruptcy law for individuals, raising concerns over a new wave of bankruptcies. (Mon, 11 Jun 2007 05:03:02 GMT)

Pro Mold creditor fights to bring bankruptcy home
The former owner of plastics manufacturer Pro Mold Inc. is trying to have a bankruptcy case moved from Lexington, Ky., to St. Louis -- home to John Murphy III, who sold the company 17 months ago, and many Pro Mold creditors. (Mon, 11 Jun 2007 05:36:28 GMT)

Bankruptcies
These were filed in U.S. Bankruptcy Court for the Southern District of Florida. (Mon, 11 Jun 2007 13:44:01 GMT)

Qwest CEO Notebaert to retire
Richard Notebaert, who pulled a troubled Qwest Communications from the brink of bankruptcy amid a multibillion-dollar accounting scandal, announced plans Monday to retire as chairman and chief executive officer. (Mon, 11 Jun 2007 15:24:00 GMT)

Qwest chief Notebaert to retire
DENVER Richard Notebaert, who pulled a troubled Qwest Communications from the brink of bankruptcy amid a multibillion-dollar accounting scandal, announced plans Monday to retire as chairman and chief executive officer. Notebaert, 59, said he will leave the Denver-based telecommunications company after the board of directors selects a replacement, although no timetable has been established. He is ... (Mon, 11 Jun 2007 15:45:07 GMT)

Werner Completes Asset Sale and Emerges From Bankruptcy
Werner announced today that the sale of substantially all of its assets to a group of the company's investors was completed. (Mon, 11 Jun 2007 15:55:00 GMT)

Tweeter files for bankruptcy
Tweeter Home Entertainment Group Inc. said Monday the company has filed for Chapter 11 bankruptcy reorganization. (Mon, 11 Jun 2007 22:07:44 GMT)

Ruling Makes Bankruptcy Suits Harder
A recent Delaware Supreme Court decision may have undermined cases against directors and officers of companies for actions they take just before they file for bankruptcy, such as increasing the company's debt or signing major contracts with creditors. The court ruled in May that creditors of a Delaware corporation that is insolvent or in the "zone of insolvency" have no right to assert direct ... (Tue, 12 Jun 2007 04:08:39 GMT)

Tweeter's bankruptcy blues: The high end lets it down
Tweeter Home Entertainment Group, a consumer electronics retailer that has reported losses in each of the past six years, filed for bankruptcy court protection Monday, listing debt of $190 million. (Tue, 12 Jun 2007 05:50:40 GMT)

China's Bankruptcy Big Bang
China becomes the first Asian country to adopt a U.S.-style bankruptcy code, giving foreign investors a wealth of new rights. (Tue, 12 Jun 2007 07:11:06 GMT)

Tweeter files for bankruptcy as competition takes its toll
CANTON - Tweeter Home Entertainment Group Inc., a consumer electronics retailer that has reported losses in each of the past six years, filed for bankruptcy court protection, listing debt of $190 million. (Tue, 12 Jun 2007 08:55:32 GMT)

Tweeter seeks bankruptcy protection
Struggling Tweeter Home Entertainment Group Inc. , hit by declining profits from projection and flat-panel television sales and competition from large-scale retailers, filed for Chapter 11 bankruptcy protection yesterday. (Tue, 12 Jun 2007 09:06:31 GMT)

Ongoing illness, big bills and bankruptcy
It's tricky, says the Bankruptcy Adviser: Lengthy illness can push people into bankruptcy, but they still need treatment from the same people who are dunning them. (Tue, 12 Jun 2007 10:00:00 GMT)

Tweeter Seeks Bankruptcy Protection
Tweeter is seeking bankruptcy protection as the Massachusetts-based retailer struggles to recover from a bruising price war for flat-screen televisions. (Tue, 12 Jun 2007 13:19:53 GMT)

Former Flint Northwestern Star Declares Bankruptcy
(TV-5) -- A federal judge has ordered NFL star and Flint native, Andre Rison, into bankruptcy because of overdue child support debts. The move would give the mothers of Rison's children first dibs on a one hundred dollar severance package from the Oakland Raiders. (Tue, 12 Jun 2007 14:26:18 GMT)

Tweeter Home files for Chapter 11 bankruptcy protection
NEW YORK, June 12 (newratings.com) – Electronic products retailer Tweeter Home Entertainment Group Inc ( TWTR.NAS ) Monday announced that it had applied for Chapter 11 bankruptcy protection. (Tue, 12 Jun 2007 15:43:31 GMT)

Rison ordered into bankruptcy to pay child support
Former NFL and Michigan State wide receiver Andre Rison faces a court-ordered bankruptcy to pay more than $105,000 in back child support and other claims. (Tue, 12 Jun 2007 18:54:26 GMT)

Rison ordered into bankruptcy
Former NFL star Andre Rison faces a court-ordered bankruptcy to pay more than $105,000 in back child support and other claims. He has until June 25 to respond to the order before the court proceeds with efforts to recover his assets, Terese Dear, a courtroom deputy for U.S. Bankruptcy Court in Flint, said Tuesday. The order was entered June 6. (Tue, 12 Jun 2007 21:53:09 GMT)

Rison ordered into bankruptcy to pay support
DETROIT (June 12, 2007) -- Former NFL star Andre Rison faces a court-ordered bankruptcy to pay more than $105,000 in back child support and other claims. (Wed, 13 Jun 2007 02:02:06 GMT)

Bankruptcy brouhaha: Report raps counseling mandate
Counseling and education requirements in the nation's new bankruptcy laws aren't working - and deliver few benefits to debtors struggling with their finances, according to a new report. In... (Wed, 13 Jun 2007 04:15:20 GMT)

Rison faces court-ordered bankruptcy
Former NFL and Michigan State receiver Andre Rison faces a court-ordered bankruptcy to pay more than $105,000 in back child support and other claims. (Wed, 13 Jun 2007 06:24:35 GMT)

Milan judge indicts 4 in Europe's largest corporate bankruptcy
Four international banks were indicted in Milan Wednesday on charges related to the 2003 failure of the Parmalat dairy empire, Europe's largest corporate bankruptcy. (Wed, 13 Jun 2007 10:33:25 GMT)

Four banks indicted over Parmalat bankruptcy
Charges suggest the banks should have done something to stop Europe's largest corporate bankruptcy (Wed, 13 Jun 2007 11:01:16 GMT)

Werner sells assets to emerge from bankruptcy
Ladder maker Werner Co. said it has completed the sale of most of its assets to a group of investors in a deal valued at about $270 million, which will enable it to emerge from bankruptcy. (Wed, 13 Jun 2007 12:39:51 GMT)

Port Of Miami Has Plan To Avoid Bankruptcy
The security measures put into practice post-Sept. 11 could have the Port of Miami spiraling towards bankruptcy unless a cost-effective alternative is implemented, port Director Bill Johnson predicted. (Wed, 13 Jun 2007 13:48:00 GMT)

Child support debt forces Rison into bankruptcy
FLINT - A federal judge has forced Flint native and former National Football League star Andre Rison into bankruptcy because of overdue child-support debts. (Wed, 13 Jun 2007 14:04:52 GMT)

Chicago Athletic Association Files For Bankruptcy
Chicago Athletic Association, one of the Windy City's oldest private clubs, has filed for bankruptcy. (Wed, 13 Jun 2007 16:38:00 GMT)

Chicago Athletic Association files for bankruptcy
WASHINGTON -- Chicago Athletic Association, one of the Windy City's oldest private clubs, has filed for bankruptcy. Its Chapter 11 petition, filed Tuesday in the U.S. Bankruptcy Court in Chicago, listed assets and debts between $1 million and $100 million each. (Wed, 13 Jun 2007 17:22:32 GMT)

Judge: Spokane Catholic bankruptcy documents to remain secret
Agreements to keep the names of clergy sex abuse victims confidential are not public record, so documents naming their abusers and amounts the victims will be paid to settle the Spokane Catholic Diocese bankruptcy will remain secret, a judge has ruled. (Wed, 13 Jun 2007 18:25:00 GMT)

O.J.’S DAUGHTER ARNELLE MUST TESTIFY: Bankruptcy judge orders testimony over canceled book.
*O.J. Simpson's daughter, Arnelle Simpson, was ordered by a federal bankruptcy judge to give a deposition by week's end in a lawsuit about the former football star's canceled book, "If I Did It." (Thu, 14 Jun 2007 07:13:10 GMT)

Bankruptcy court finalizes sale of Dorsey Trailers
A new breath of revitalization is coming to Elba since a federal bankruptcy court finalized the sale of Dorsey Trailers, one of the nation’s oldest truck trailer manufacturers and a long-time Coffee County industry. (Thu, 14 Jun 2007 13:24:41 GMT)

Bankruptcy court finalized sale of Dorsey Trailer
A new breath of revitalization is coming to Elba since a federal bankruptcy court finalized the sale of Dorsey Trailers, one of the nation’s oldest truck trailer manufacturers and a longtime Coffee County industry. (Thu, 14 Jun 2007 15:13:05 GMT)

Elliott Building Files for Bankruptcy
Pennsylvania home builder Elliott Building Group Ltd. filed for Chapter 11 protection, the latest industry victim to succumb to declining sales caused by a cooling housing market. (Thu, 14 Jun 2007 15:53:56 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, 14 Jun 2007 17:23:17 GMT)

Queen’s Bankruptcy Inches Toward End
The largest roadblock to resolving the Queen’s Seaport Development Inc. bankruptcy was removed Friday. U.S. Bankruptcy Judge Vincent Zurzolo ruled that a minority stockholder, Bandero LLC, had no claim on development rights or a portion of the lease of the Queen Mary and surrounding property. (Thu, 14 Jun 2007 19:50:58 GMT)

New law enacted to prevent bankruptcy of local governments
TOKYO — The Diet enacted a law on Friday aimed at preventing local governments from falling into bankruptcy, the first drastic change in the system in about 50 years and following the recent case of the bankruptcy of the city of Yubari in Hokkaido. (Fri, 15 Jun 2007 05:31:08 GMT)

Finding affordable help for a bankruptcy
Paying a lawyer is tough when you're already broke and in debt. (Fri, 15 Jun 2007 10:00:00 GMT)

Be prepared for your bankruptcy attorney
Save time and cash by getting your documents in order before you start. (Fri, 15 Jun 2007 10:00:00 GMT)

8 questions to ask your bankruptcy attorney
The law is complicated so make sure you shop around for a lawyer. (Fri, 15 Jun 2007 10:00:00 GMT)

Affordable legal help for bankruptcy
It's a dilemma: You're so broke that you have to declare bankruptcy, but the experts say you should hire a lawyer and they cost more than ever. That's become especially true since the bankruptcy law was changed, introducing new complications to the process. (Fri, 15 Jun 2007 11:47:17 GMT)

8 questions to ask a bankruptcy attorney
Quality reigns over affordability when it comes to seeking a bankruptcy attorney. The bankruptcy law is more complex than before. Missing items or inaccurate information can get your case kicked out of court. (Fri, 15 Jun 2007 11:47:27 GMT)

Veg-O-Matic maker files for bankruptcy protection
Bloomberg News Ronco, maker of the Veg-O-Matic vegetable slicer and Pocket Fisherman, filed for bankruptcy protection Thursday, two years... (Fri, 15 Jun 2007 18:11:23 GMT)

Ronco, Maker of the Veg-O-Matic, Files for Bankruptcy (Update3)
June 15 (Bloomberg) -- Ronco Corp., maker of the Veg-O-Matic vegetable slicer and the Pocket Fisherman, filed for bankruptcy two years after founder and television pitchman Ron Popeil sold the iconic company. (Fri, 15 Jun 2007 18:55:34 GMT)

Ronco books sliced, diced in bankruptcy
Company, founded by Maxwell Street hawker Ron Popeil, sold Veg-O-Matic, Mr. Microphone and Pocket Fisherman Ronco Corp., maker of the Veg-O-Matic vegetable slicer and the Pocket Fisherman, filed for bankruptcy two years after founder and television pitchman Ron Popeil sold the iconic company for $56 million. (Fri, 15 Jun 2007 20:46:47 GMT)

Remy to File for Bankruptcy
Remy International Inc. said Friday it intends to file a prepackaged Chapter 11 petition that would allow it to cut $360 million in debt, joining a growing number of auto-parts companies that have had to resort to filing for bankruptcy-court protection. (Fri, 15 Jun 2007 21:21:09 GMT)

Ronco seeks Chapter 11 bankruptcy
Ronco Corp., the California company that brought TV shoppers the Veg-O-Matic and the Pocket Fisherman, has filed for Chapter 11 bankruptcy protection.The company declared it had $32.7 million in debts and $13.9 million in assets, The Los Angeles Times reported Friday.Ron Popeil, who sold Ronco two years ago for $55 million, is owed $11.8 million, the company said in Thursday's filing in U.S. ... (Sat, 16 Jun 2007 02:03:52 GMT)

Ronco seeks Chapter 11 bankruptcy
Ronco Corp., the California company that brought TV shoppers the Veg-O-Matic and the Pocket Fisherman, has filed for Chapter 11 bankruptcy protection. (Sat, 16 Jun 2007 02:04:54 GMT)

Tweeter learns the high costs of bankruptcy
Chapter 11 bankruptcy is quite the expensive exercise for cash-strapped Tweeter Home Entertainment Group, but it'll be fantastic business for the lawyers, investment banker and financial adviser... (Sat, 16 Jun 2007 04:14:57 GMT)

Veg-O-Matic maker files for bankruptcy
WASHINGTON — Ronco Corp., maker of the Veg-O-Matic vegetable slicer and the Pocket Fisherman, filed for bankruptcy two years after founder and television pitchman Ron Popeil sold the iconic company for $56 million. (Sat, 16 Jun 2007 08:10:00 GMT)

Bankruptcy filing rising again in Valley, state
A growing number of Arizonans are realizing the new bankruptcy regulations don't bar them from filing for the protection. That's according to Terrence Miller, clerk of the U.S. Bankruptcy Court of Arizona. (Sat, 16 Jun 2007 10:35:43 GMT)

Landlord’s bankruptcy jilts city, debtors
This residence at 2418 Judson Street is one of many rental properties in the Alton area owned by Charles Bonnell, who is the target of hundreds of property ordinance violation cases. (Sun, 17 Jun 2007 03:24:53 GMT)

People Everywhere Declaring "E-Mail Bankruptcy"
Any computer user knows that e-mail is on the rise. In fact, the total number of e-mails sent is increasing at a rate of up to 15% every year. | | Some people are going to extremes to manage their inboxes, but others are trying something new, declaring “E-mail Bankruptcy”. | | Each day more than 170 billion e-mails are sent all over the world from various computers and devices. ... (Mon, 18 Jun 2007 00:42:32 GMT)

You Don't Have Mail: Some Declare E-Mail Bankruptcy
People Opt To Clear Out E-Mail (Mon, 18 Jun 2007 01:26:14 GMT)

Creek Side Winery files for bankruptcy, will stay open
One of the young wineries trying to build the Haw River region into a viticultural tourist destination has filed for bankruptcy, but will stay open, according to its owners. (Mon, 18 Jun 2007 05:07:20 GMT)

Pro Mold creditor loses fight to bring bankruptcy back to St. Louis
The Pro Mold Inc. bankruptcy will remain in Lexington, Ky. (Mon, 18 Jun 2007 06:12:24 GMT)

Attorneys tie bankruptcy declines to economy
There's no doubt about it -- bankruptcies were down in 2006. (Mon, 18 Jun 2007 06:12:49 GMT)

Will a bankruptcy hurt your loan cosigners? Gerri's Top Tips
Gerri Willis handles all your questions on bankruptcies, real estate and credit scores. (Mon, 18 Jun 2007 13:11:00 GMT)

Bally nearing bankruptcy
Bondholders back Chapter 11 plan. Clubs would stay open. Bally Total Fitness Holding Corp. said bondholders agreed to support a restructuring plan that calls for the chain of fitness clubs to file for Chapter 11 bankruptcy protection. (Mon, 18 Jun 2007 13:16:47 GMT)

Bankruptcy filings on the rise
Bankruptcy filings for Rockingham County have nearly doubled over the same period last year, according to figures from the United States Bankruptcy Court. (Mon, 18 Jun 2007 13:49:44 GMT)

Bankruptcy filings on the rise
Bankruptcy filings for Rockingham County have nearly doubled over the same period last year, according to figures from the United States Bankruptcy Court. (Mon, 18 Jun 2007 16:05:28 GMT)

Boy-band mogul Lou Pearlman to be transferred from Guam to U.S. on federal bankruptcy charge
ORLANDO, Fla. (AP) — The man who created the Backstreet Boys and 'N Sync agreed to be returned to the United States from Guam to face a federal bankruptcy charge, officials said Monday. (Mon, 18 Jun 2007 19:45:06 GMT)

As foreclosures mount, more people are considering bankruptcy
Bankruptcy is a long shot. A lot of people are ending up in the double bind of foreclosure and bankruptcy. (Mon, 18 Jun 2007 20:11:51 GMT)

KPMG Weighed Bankruptcy as U.S. Threatened Charges, Memos Say
June 19 (Bloomberg) -- KPMG LLP, anticipating criminal charges would be a ``nuclear bomb'' that would wipe out the accounting firm, pleaded with federal officials in 2005 not to indict it for selling fraudulent tax shelters, newly released internal documents show. (Tue, 19 Jun 2007 04:07:04 GMT)

Bankruptcy charge
The man who created the Backstreet Boys and 'N Sync agreed to be returned to Florida from Guam to face a federal bankruptcy charge, officials said Monday. (Tue, 19 Jun 2007 08:41:53 GMT)

Don't lie when filing for bankruptcy
A consumer who filed for bankruptcy but didn't reveal the existence of one credit card gets an earful from the Bankruptcy Adviser. (Tue, 19 Jun 2007 10:00:00 GMT)

‘Natural’ development files bankruptcy
A North Country resort, spa and condo complex for the environmentally conscious filed for bankruptcy protection on Monday, but its president, Laila Fekay, shrugged it off as a mere “interruption in the process,” and “just a way to refinance.” (Tue, 19 Jun 2007 10:09:32 GMT)

Bankruptcy Clerks Fear Staff Cuts
Bankruptcy court clerks around the United States fear that the federal judiciary will cut their staffs in response to the drop in bankruptcy filings, a move they say would be rash because fewer filings haven't meant less work for courts. (Tue, 19 Jun 2007 18:54:29 GMT)

Delphi Bankruptcy
Delphi says it needs more time to work out a bankruptcy reorganization plan. (Wed, 20 Jun 2007 01:01:08 GMT)

Puig's bankruptcy may be one of many more to come
Since South Florida's raucous real estate party ended, the hangover has taken different forms -- sales plunging, foreclosures rising, lawsuits flying. (Wed, 20 Jun 2007 07:21:17 GMT)

Court approval required on six properties involved in Evergreen bankruptcy case
Six properties involved in the Evergreen companies' bankruptcy case were the subject of a hearing Tuesday in U.S. Bankruptcy Court in Akron. (Wed, 20 Jun 2007 07:48:34 GMT)

Bankruptcy charge
The man who created the Backstreet Boys and 'N Sync agreed to be returned to Florida from Guam to face a federal bankruptcy charge, officials said Monday. (Wed, 20 Jun 2007 08:44:58 GMT)

Reinvented Calpine prepares to emerge from bankruptcy
Power generator Calpine is set to outline its plans for emerging from bankruptcy today, and energy industry experts say the timing couldn't be better. (Wed, 20 Jun 2007 08:57:07 GMT)

Bankruptcy can be an ugly side of gambling
NEWTON The therapist tried to reason with the man on the other end of the line. It was Friday night; he had taken his life savings out of the bank and was on his way to a Kansas casino. (Wed, 20 Jun 2007 14:46:48 GMT)

Calpine files bankruptcy reorganization plan
SAN FRANCISCO, June 20 (Reuters) - Independent power producer Calpine Corp. on Wednesday filed its reorganization plan to emerge from Chapter 11 bankruptcy protection, saying unsecured creditors would receive from 91 percent to 100 percent of their allowed claims. (Wed, 20 Jun 2007 21:28:52 GMT)

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