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Home > Bankruptcy News

Bankruptcy News Jul 2007

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EPA wants Marcal to clean N.J. river
Struggling northern New Jersey manufacturer Marcal Paper Mills Inc., which is already trying to resurrect itself out of bankruptcy, now faces a nearly $1 billion claim from the U.S. Environmental Protection Agency. (Sun, 01 Jul 2007 08:48:49 GMT)

Bankrupt Tweeter still wants to pay bonuses
WASHINGTON – Tweeter Home Entertainment Group wants bankruptcy court permission to pay bonuses to a group of managers, arguing the payments are crucial to increasing the sale price of the consumer-electronics retailer. ... - By DAVID McLAUGHLIN Dow Jones Newswires (Sun, 01 Jul 2007 11:17:53 GMT)

Eight Hooters close their doors
SALEM - The Hooters restaurant here closed abruptly last week, on the heels of a bankruptcy that shut down restaurants in four states. Eight Hooters scattered across New Hampshire, Massachusetts, Rhode Island and New York closed. (Sun, 01 Jul 2007 13:50:38 GMT)

Why is he still working? 'Haunted by bankruptcy we saw, what if it returns'
His public image is that of a person bigger than life, but at an Idea Exchange with The Indian Express, Amitabh Bachchan has said that "fear" of another bankruptcy was one of the reasons the family felt the need to maintain such high visibility. "We as a family are still haunted by the grave depression and the virtual bankruptcy we have experienced in our lifetime. We believe in continuing to ... (Sun, 01 Jul 2007 20:39:46 GMT)

Why is he still working? Haunted by bankruptcy we saw, what if it returns
At the Express Idea Exchange, Amitabh Bachchan explains why he won't give up working, or change the company that he keeps (Sun, 01 Jul 2007 21:20:29 GMT)

Bankruptcy court approves D'Arcy reorganization plan
A bankruptcy court and creditors of D'Arcy Laboratories approved the company's reorganization plan, which will allow the company to continue operating in Pompano Beach. (Mon, 02 Jul 2007 05:04:54 GMT)

Bankruptcies
Bankruptcies filed in U.S. Bankruptcy Court for the Southern District of Florida. (Mon, 02 Jul 2007 07:21:36 GMT)

Bankruptcies
Recent voluntary petitions filed in the Western District of New York U.S. Bankruptcy Court in Rochester: (Mon, 02 Jul 2007 09:03:38 GMT)

Buyout firm invests in Elmwood Park paper maker Marcal
Marcal Paper Mills Inc. filed a reorganization plan Monday in which the company would emerge from bankruptcy with the help of a $60 million investment by a New York private equity firm. (Mon, 02 Jul 2007 11:20:14 GMT)

Bally in credit facilities commitment with Morgan Stanley
NEW YORK, July 2 (Reuters) - Bally Total Fitness Holding Corp. , which is planning to file for Chapter 11 bankruptcy, said on Monday that Morgan Stanley Senior Funding Inc. will arrange credit facilities. (Mon, 02 Jul 2007 13:37:45 GMT)

Wallington dairy pursues ways to be good corporate neighbor
WALLINGTON -- In the lobby of Farmland Dairies LLC's Main Avenue headquarters is a copy of an industry magazine that chronicles the company's trip from the depths of bankruptcy and back. (Mon, 02 Jul 2007 15:36:00 GMT)

MediCor Files for Chapter 11 Bankruptcy
MediCor Ltd. filed for Chapter 11 protection in the U.S. Bankruptcy Court in Wilmington, Del., listing debts of $121 million. (Mon, 02 Jul 2007 16:22:56 GMT)

Bankruptcy Court Denies Granite Boss Bonus
Granite Broadcasting CEO Don Cornwell won’t be getting a $460,000 bonus, ruled U.S. Bankruptcy Court in Manhattan. (Mon, 02 Jul 2007 17:56:34 GMT)

ASC Seeks OK for Bankruptcy-Exit Loan
ASC Inc. is asking a court to approve financing that would let the company exit bankruptcy while keeping its business running as a going concern. (Mon, 02 Jul 2007 19:51:46 GMT)

Big Bend resort avoids foreclosure with bankruptcy court filing
Associated Press - July 2, 2007 9:35 PM ET EL PASO, Texas (AP) - A West Texas resort billed by its owner as an exclusive desert getaway for the rich and famous filed for federal bankruptcy... (Tue, 03 Jul 2007 01:45:56 GMT)

Texas resort avoids foreclosure with bankruptcy court filing
A West Texas resort billed by its owner as an exclusive desert getaway for the rich and famous filed for federal bankruptcy protection Monday. (Tue, 03 Jul 2007 02:15:31 GMT)

Austin millionaire's border resort files for bankruptcy
EL PASO — A West Texas resort billed by its owner as an exclusive desert getaway for the rich and famous filed for federal bankruptcy protection Monday. (Tue, 03 Jul 2007 06:43:28 GMT)

Yes, there is car buying after bankruptcy
You can recover if you're willing to follow some financial rules, says the Bankruptcy Adviser. (Tue, 03 Jul 2007 10:00:00 GMT)

Big Bend resort avoids foreclosure with bankruptcy court filing
EL PASO, Texas (AP) - A West Texas resort billed by its owner as an exclusive desert getaway for the rich and famous filed for federal bankruptcy protection today. (Tue, 03 Jul 2007 10:02:17 GMT)

Lajitas Resort files bankruptcy in Midland
Four entities of a West Texas resort billed by its owner as an exclusive desert getaway for the rich and famous filed for federal bankruptcy protection Monday. (Tue, 03 Jul 2007 10:13:41 GMT)

Hughes Watters Askanase Attorneys to Speak at Bankruptcy Seminar
HOUSTON----Hughes Watters Askanase L.L.P. partners Steven Shurn and Dominique Varner and associate Brendetta Scott will be speaking at the "Bankruptcy Law and Procedure from Start to Finish" seminar which will be co-presented by the National Business Institute and American Legal and Financial Network . (Tue, 03 Jul 2007 14:08:00 GMT)

Big Bend resort files for federal bankruptcy protection
EL PASO, Texas -- A West Texas resort billed by its owner as an exclusive desert getaway for the rich and famous filed for federal bankruptcy protection today. (Tue, 03 Jul 2007 16:19:22 GMT)

Big Bend resort files for federal bankruptcy protection
Lajitas Resort is avoiding foreclosure by filing for Chapter 11 bankruptcy protection. (Tue, 03 Jul 2007 16:29:41 GMT)

MILA files for bankruptcy protection
MOUNTLAKE TERRACE - Mortgage Investment Lending Associates has filed for bankruptcy protection, starting another chapter for a company that made a name for itself in the subprime mortgage industry before abruptly shutting down. (Wed, 04 Jul 2007 07:06:17 GMT)

More time for Asarco bankruptcy plan?
WASHINGTON - Copper-mining company Asarco LLC wants more time to file its bankruptcy reorganization plan, saying it continues to juggle scores of claims for environmental pollution and asbestos-related injuries. (Wed, 04 Jul 2007 07:17:27 GMT)

Builder files for bankruptcy
Scott McDonald of McDonald Homes owes nearly 6 million to businesses and individuals in Wyoming, Colorado, Arizona and elsewhere, according to his 140-page Chapter 7 filing in U.S. Bankruptcy Court in Colorado on Friday. (Wed, 04 Jul 2007 08:18:29 GMT)

Bankruptcy looms for Winnipeg outfitting store
United Army Surplus Sales, an institution in downtown Winnipeg for decades, is working on a plan to stave off bankruptcy. (Wed, 04 Jul 2007 16:23:37 GMT)

Subprime lender MILA wants trustee to oversee its bankruptcy case
WASHINGTON - Subprime mortgage lender MILA Inc., which filed for bankruptcy earlier this week, wants a Chapter 11 trustee to manage its case so its creditors can obtain a maximum return. (Thu, 05 Jul 2007 00:40:50 GMT)

Army Surplus facing bankruptcy
A store that has helped Winnipeggers brave nature for nearly six decades is now fighting for its financial survival. Creditors of United Army Surplus Sales will vote on a proposal to avert bankruptcy today. (Thu, 05 Jul 2007 07:18:34 GMT)

Builder files for bankruptcy
Scott McDonald of McDonald Homes owes nearly 6 million to businesses and individuals in Wyoming, Colorado, Arizona and elsewhere, according to his 140-page Chapter 7 filing in U.S. Bankruptcy Court in Colorado on Friday. (Thu, 05 Jul 2007 08:18:39 GMT)

When a company files for bankruptcy, do stockholders automatically lose their investment?
Not automatically, but stockholders are last in line to get paid when a company goes bankrupt. (Thu, 05 Jul 2007 09:48:07 GMT)

Bankruptcy at the Ultimate Hideout
MIDLAND – The Ultimate Hideout resort at Lajitas avoided foreclosure this week by filing for bankruptcy. (Thu, 05 Jul 2007 13:31:12 GMT)

Alert Cellular Files for Bankruptcy
Alert Cellular LLC, an authorized retailer for Verizon Wireless and T-Mobile, has filed for Chapter 11 protection in the U.S. Bankruptcy Court in Santa Barbara, Calif. (Thu, 05 Jul 2007 14:51:50 GMT)

Casper builder files for bankruptcy, owes nearly $6M
CASPER, Wyo. (AP) - A Casper construction company owes nearly six million dollars to 465 creditors in at least three states. That's according to the company's Chapter Seven bankruptcy filing. (Thu, 05 Jul 2007 16:49:34 GMT)

Ronco Bankruptcy Exposes Rifts
The bankruptcy of household gadget seller Ronco Corp. has lifted the lid off a bitter spat between the company's current and former chief executives that involves allegations of fraudulent billing, wasteful spending and insider dealings. (Thu, 05 Jul 2007 21:21:27 GMT)

Ronco bankruptcy exposes rift in management
WASHINGTON — The bankruptcy of household gadget seller Ronco Corp. has lifted the lid off a bitter spat between the company’s current and former chief executive officers that involves allegations of fraudulent billing, wasteful spending and insider dealings. (Fri, 06 Jul 2007 00:38:24 GMT)

Builder files for bankruptcy
Scott McDonald of McDonald Homes owes nearly 6 million to businesses and individuals in Wyoming, Colorado, Arizona and elsewhere, according to his 140-page Chapter 7 filing in U.S. Bankruptcy Court in Colorado on Friday. (Fri, 06 Jul 2007 08:18:58 GMT)

Bankruptcy benefit
What's new: Northwest and Delta airlines are adding regional jets with first-class seats that make the flying experience more like that on a mainline jet. (Fri, 06 Jul 2007 11:58:48 GMT)

Casper builder files for bankruptcy, owes nearly $6M
CASPER (AP) - A local construction company owes nearly $6 million to 465 creditors in at least three states, according to the company's Chapter 7 bankruptcy filing. (Fri, 06 Jul 2007 12:28:34 GMT)

Travelers in $449M asbestos settlement
Insurer contributes to ACandS Inc.'s bankruptcy trust to end litigation of asbestos-related injury claims. (Fri, 06 Jul 2007 14:18:52 GMT)

Sanitec Industries Files for Bankruptcy
Sanitec Industries Inc., a medical waste disposal firm, filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court in San Fernando Valley, Calif. (Fri, 06 Jul 2007 17:51:32 GMT)

More Hoosiers Filing For Bankruptcy
(WSBT) The number of Hoosiers filing for bankruptcy has jumped, despite a new law making it tougher. But most financial experts expected this to happen, and they expect the numbers to keep growing. (Fri, 06 Jul 2007 22:13:54 GMT)

Dana's Deal on Retiree Benefits Could Pave Exit From Bankruptcy
TOLEDO, Ohio (AP) — Auto parts maker Dana Corp. took a huge step Friday toward moving out of bankruptcy, striking a deal that will free it from paying for health care for retirees. (Fri, 06 Jul 2007 22:39:06 GMT)

More Hoosiers filing for bankruptcy
The number of Hoosiers filing for bankruptcy has jumped, despite a new law making it tougher. But most financial experts expected this to happen. (Sat, 07 Jul 2007 00:03:44 GMT)

Dana Closer to Getting Out of Bankruptcy
TOLEDO, Ohio -- Auto parts maker Dana Corp. took a huge step Friday toward moving out of bankruptcy, striking a deal that will free it from paying for health care for retirees. (Sat, 07 Jul 2007 00:46:20 GMT)

Trustee's staff to get bonuses in Pa. health foundation's bankruptcy
A federal bankruptcy judge authorized $500,000 in bonuses to be split among five professionals. (Sat, 07 Jul 2007 04:22:26 GMT)

Bankruptcy bares rift at Ronco
WASHINGTON - The bankruptcy of household gadget seller Ronco Corp. has lifted the lid off a bitter spat between the company's current and former chief executives that involves allegations of fraudulent billing, wasteful spending and insider dealings. (Sat, 07 Jul 2007 08:41:27 GMT)

BALLY DISSENTERS STEP UP TO BLOCK BANKRUPTCY
A group of irate investors in Bally Total Fitness has muscled in with an offer of its own to block the struggling gym operator's plan to file for bankruptcy protection. Chicago-based Bally said yesterday it agreed to open up its books to the... (Sat, 07 Jul 2007 09:44:37 GMT)

Indiana bankruptcy filings rise 70 percent
Indiana bankruptcy filings spiked nearly 70 percent in the first half of this year, an increase that experts attribute to a law change that kept 2006 totals artificially low. (Sat, 07 Jul 2007 10:03:55 GMT)

Deal with unions may help Dana exit bankruptcy
Auto parts maker Dana took a huge step yesterday toward moving out of bankruptcy, striking a deal that will free it from paying for health care for retirees. (Sat, 07 Jul 2007 10:07:05 GMT)

Bankruptcy Filings Rise in 2007
(Indianapolis - AP) Indiana bankruptcy filings spiked in the first half of this year, a jump experts attribute to a law change that kept 2006 totals artificially low. Indiana residents filed over 13,000 (Sat, 07 Jul 2007 18:13:18 GMT)

Lajitas Resort seeks federal bankruptcy protection
With wealthy tourists staying away and debts mounting, the luxurious Lajitas Resort and three related companies in the Big Bend area have filed for federal bankruptcy protection. (Sun, 08 Jul 2007 05:44:27 GMT)

Wise would have liked to have known about Milton's bankruptcy
Walter Milton Jr., Springfield's new school superintendent, isn't fond of discussing the reasons why he filed for bankruptcy in 1994. He was in his late 20s, barely into his career as an eighth-grade social studies teacher and in the middle of a costly child custody battle. (Sun, 08 Jul 2007 10:25:31 GMT)

Despite more strict bankruptcy laws, number of filings still increases by 66%
Bankruptcy filings were up 66% in the first quarter compared with the same period last year. (Mon, 09 Jul 2007 04:30:47 GMT)

Sweetskinz rolls out of bankruptcy
BALA CYNWYD -- A maker of bicycle tires with colorful patterns has emerged from bankruptcy with a new owner. (Mon, 09 Jul 2007 04:31:06 GMT)

Drop in bankruptcy filings takes toll on court, lawyers
Bankruptcy attorney Lloyd Palans knows by heart the flight schedule to New York City, where the Bryan Cave lawyer has devoted much of the last four years representing Monsanto Co., a party in the long-running Solutia Inc. bankruptcy. But he spends almost no time in the U.S. Bankruptcy Court in St. Louis. (Mon, 09 Jul 2007 04:31:37 GMT)

Delphi ends ties with Cerberus
The auto parts maker will consider new agreements with investors aimed at helping it exit bankruptcy. (Mon, 09 Jul 2007 13:31:39 GMT)

Delphi scraps investment pact
Delphi Corp. said Monday it has scrapped its agreement with a group of investors that was going to kick in up to $3.4 billion to help the struggling auto parts maker emerge from Chapter 11 bankruptcy protection. (Mon, 09 Jul 2007 15:07:45 GMT)

Wild West World closes doors, will file bankruptcy
Officials with Wild West World announced Monday that they will file Chapter 11 bankruptcy, two months after Kansas' first theme park opened its doors. (Mon, 09 Jul 2007 15:13:41 GMT)

Wild West World to file for bankruptcy
On July 9th, 2007, Wild West World, LLC will file for Chapter 11 protection under the United States Bankruptcy Code with the United States Bankruptcy Court in Wichita, Kansas. Wild West World will close immediately as of this date and will cease day-to-day operations. (Mon, 09 Jul 2007 15:29:20 GMT)

Wild West World to file for bankruptcy
Wild West World LLC officials say they will file for Chapter 11 bankruptcy today in U.S. Bankruptcy Court in Wichita, the first step in the probable sale of the park. In e-mail this morning, park owners Thomas and Cheryl Etheredge said the park has ceased day-to-day operations and is negotiating for a buyer. A news conference has been set for 2 p.m. today at the park's Johnny Western Theater to ... (Mon, 09 Jul 2007 15:35:26 GMT)

Bankruptcy filings continue upward trend
Bankruptcy filings in the Phoenix area continued their upward trend in June with 582 new cases, up from 386 in June of 2006, according to U.S. Bankruptcy Court for the District of Arizona. (Mon, 09 Jul 2007 18:59:55 GMT)

Contractor in Rowland scandal pleads guilty in bankruptcy case
The Simsbury contractor, who figured in the federal corruption scandals that brought down former Gov. John G. Rowland, pleaded guilty Monday in a bankruptcy fraud case. (Mon, 09 Jul 2007 22:32:46 GMT)

Contractor in Rowland scandal pleads guilty in bankruptcy case
The Simsbury contractor, who figured in the federal corruption scandals that brought down former Gov. John G. Rowland, pleaded guilty Monday in a bankruptcy fraud case. (Mon, 09 Jul 2007 22:32:46 GMT)

Contractor in Rowland scandal pleads guilty in bankruptcy case
(Hartford-AP, July 9, 2007 7:40 PM) _ The Simsbury contractor who figured in the federal corruption scandal that brought down former Governor Rowland pleaded guilty Monday in a bankruptcy fraud case. (Mon, 09 Jul 2007 23:47:28 GMT)

Alert Cellular Files for Bankruptcy
Alert Cellular of Carpinteria has filed for Chapter 11 bankruptcy. (Mon, 09 Jul 2007 23:59:09 GMT)

Judge Faults 'Boilerplate' Notification of Possible End to Bankruptcy Case
The dismissal of a doctor's Chapter 11 petition has been vacated by a federal judge who held that a bankruptcy judge's "boilerplate warning" did not sufficently warn the doctor that failure to follow court directives could cause the case to be dismissed. The decision has "wide implications," calling into question the current framework for the administration of Chapter 11 cases, according to the ... (Tue, 10 Jul 2007 04:14:40 GMT)

Mil. Pk. contractor in bankruptcy
Harston-Schwendener, the general contractor fired from Chicago's Millennium Park project in 2000, filed for bankruptcy protection blaming the city for failing to pay for its work. (Tue, 10 Jul 2007 09:13:55 GMT)

Delphi scraps deal for bankruptcy financing
Delphi Corp. said yesterday it has scrapped its agreement with a group of investors that was going to kick in up to $3.4 billion to help the struggling auto parts maker emerge from Chapter 11 bankruptcy protection. (Tue, 10 Jul 2007 09:20:31 GMT)

Delphi scraps deal for bankruptcy financing
Delphi Corp. said yesterday it has scrapped its agreement with a group of investors that was going to kick in up to $3.4 billion to help the struggling auto parts maker emerge from Chapter 11 bankruptcy protection. (Tue, 10 Jul 2007 09:20:31 GMT)

High-rise project entangled in bankruptcy, lawsuits
Troubles for Spanish View Towers continue to mount. The stalled luxury condominium project last month went into involuntary bankruptcy. It additionally faces a class action lawsuit from homebuyers seeking refunds, along with $50 million in debt and mechanics liens for unpaid construction work. (Tue, 10 Jul 2007 17:13:00 GMT)

Contractor who plied Rowland with gifts pleads guilty to bankruptcy fraud
Kurt C. Claywell, a Simsbury electrician who plied corrupt former Gov. John G. Rowland with French wine and Cuban cigars ostensibly to get paid faster on state contracts, has pleaded guilty to a federal charge of conspiring to commit bankruptcy fraud. (Tue, 10 Jul 2007 17:53:33 GMT)

Moody's Bankruptcy Bond Index Flat
Moody's Bankruptcy Bond Index remained virtually flat at 3,314 in June, up a single point from 3,313 from the previous month. (Tue, 10 Jul 2007 21:45:01 GMT)

Delphi bankruptcy bill: $200M
WASHINGTON -- Delphi Corp. has racked up nearly $200 million in legal and accounting bills since it filed for bankruptcy in October 2005, and the tab could reach $300 million before it emerges by the end of the year, a Detroit News review of court filings shows. (Wed, 11 Jul 2007 05:56:48 GMT)

Adelphia bankruptcy drags
As two of its former top executives head off to prison next month for fraud, Adelphia Communications continues to slog through its bankruptcy, a process now more than five years in the making. (Wed, 11 Jul 2007 07:27:06 GMT)

Adelphia bankruptcy drags
As two of its former top executives head off to prison next month for fraud, Adelphia Communications continues to slog through its bankruptcy, a process now more than five years in the making. (Wed, 11 Jul 2007 07:27:06 GMT)

Bankruptcy filings decline in past year
Western New York is following the national trend with a 60 percent decrease in the number of bankruptcy filings during the 12-month period that ended March 31, 2007. (Wed, 11 Jul 2007 11:12:32 GMT)

Number of bankruptcy cases in Hungary up 29% y/y in H1 2007
BUDAPEST. JULY 11. INTERFAX CENTRAL EUROPE - The number of bankruptcy cases in the first half (H1) of 2007 in Hungary increased by 29% to 9,390 compared to the same period of 2006, according to a study conducted by the Hungarian subsidiary of France-based loan insurance company Coface, published Wednesday. (Wed, 11 Jul 2007 12:26:48 GMT)

Bankruptcy Court approves Tower sale to Cerberus
CHICAGO, July 11 (Reuters) - The U.S. Bankruptcy Court on Wednesday approved Tower Automotive Inc.'s $1 billion sale to private equity firm Cerberus Capital Management [CBS.UL ] and the auto parts maker's reorganization plan. (Wed, 11 Jul 2007 20:20:52 GMT)

Ruling on Lawsuits in Refco Bankruptcy
An examiner reviewing the 2005 bankruptcy of Refco said that two law firms and two accounting firms could be sued in connection with the firm?s collapse. (Thu, 12 Jul 2007 03:11:05 GMT)

Ruling on Lawsuits in Refco Bankruptcy
An examiner reviewing the 2005 bankruptcy of Refco said that two law firms and two accounting firms could be sued in connection with the firm?s collapse. (Thu, 12 Jul 2007 03:11:05 GMT)

12-07-2007: New bankruptcy law boosts investor confidence in China
Nearly three-quarters (72%) of executives expect to increase their investments in Mainland China over the next three years with the introduction of a comprehensive bankruptcy law, according to a recent survey. (Thu, 12 Jul 2007 08:55:43 GMT)

Cleveland Athletic Club, hurt by street work, facing bankruptcy
CLEVELAND (AP) - The venerable Cleveland Athletic Club, a downtown fixture for 99 years, may be forced into bankruptcy. The club says its finances have been hurt by a major street renovation project meant to restore the retail trade in downtown Cleveland. (Thu, 12 Jul 2007 13:12:20 GMT)

Bankruptcy closes United Army Surplus Sales
A downtown Winnipeg retail institution is closing its doors - at least temporarily - after creditors voted Wednesday to put the store into bankruptcy. (Thu, 12 Jul 2007 13:47:58 GMT)

Bankruptcy closes United Army Surplus Sales
A downtown Winnipeg retail institution is closing its doors - at least temporarily - after creditors voted Wednesday to put the store into bankruptcy. (Thu, 12 Jul 2007 13:47:58 GMT)

Downtown landmark facing bankruptcy
Downtown landmark facing bankruptcy (Thu, 12 Jul 2007 14:10:40 GMT)

Cleveland Athletic Club, hurt by street work, facing bankruptcy
CLEVELAND (AP) -- The venerable Cleveland Athletic Club, a downtown fixture for 99 years, may be forced into bankruptcy. (Thu, 12 Jul 2007 14:11:26 GMT)

Cleveland Athletic Club Faces Bankruptcy
CLEVELAND (AP) - The venerable Cleveland Athletic Club, a downtown fixture for 99 years, may be forced into bankruptcy. The club says its finances have been hurt by a major street renovation project meant (Thu, 12 Jul 2007 15:29:10 GMT)

Cleveland Athletic Club Faces Bankruptcy
CLEVELAND (AP) - The venerable Cleveland Athletic Club, a downtown fixture for 99 years, may be forced into bankruptcy. The club says its finances have been hurt by a major street renovation project meant (Thu, 12 Jul 2007 15:29:10 GMT)

Court confirms Collins & Aikman bankruptcy plan
CHICAGO, July 12 (Reuters) - The U.S. Bankruptcy Court in Detroit has confirmed auto parts maker Collins & Aikman Corp.'s plan to sell its remaining businesses and wind-down its operations, a spokesman said on Thursday. (Thu, 12 Jul 2007 16:23:23 GMT)

High-rise project entangled in bankruptcy, lawsuits
Troubles for Spanish View Towers continue to mount. The stalled luxury condominium project last month went into involuntary bankruptcy. It additionally faces a class action lawsuit from homebuyers seeking refunds, along with $50 million in debt and mechanics liens for unpaid construction work. (Thu, 12 Jul 2007 18:57:59 GMT)

Collins & Aikman bankruptcy plan confirmed
(Recasts, adds statements from Cadence, Collins & Aikman, background and byline) By David Bailey CHICAGO, July 12 (Reuters) - The U.S. Bankruptcy Court in Detroit has confirmed auto parts maker Collins & Aikman Corp.'s plan to sell its remaining businesses and wind down its operations, a company spokesman said on ... (Thu, 12 Jul 2007 19:05:29 GMT)

Collins & Aikman bankruptcy plan confirmed
(Recasts, adds statements from Cadence, Collins & Aikman, background and byline) By David Bailey CHICAGO, July 12 (Reuters) - The U.S. Bankruptcy Court in Detroit has confirmed auto parts maker Collins & Aikman Corp.'s plan to sell its remaining businesses and wind down its operations, a company spokesman said on ... (Thu, 12 Jul 2007 19:05:29 GMT)

Rochester restaurant in bankruptcy
ROCHESTER - The Rochester restaurant owned by Republican Beaver County commissioner candidate Greg Powell filed for bankruptcy in May, just one week before the primary in which he won a spot in the November general election. (Fri, 13 Jul 2007 00:54:40 GMT)

Rochester restaurant in bankruptcy
ROCHESTER - The Rochester restaurant owned by Republican Beaver County commissioner candidate Greg Powell filed for bankruptcy in May, just one week before the primary in which he won a spot in the November general election. (Fri, 13 Jul 2007 00:54:40 GMT)

Temecula winery files for bankruptcy
Operators of the Rancho de Andallusia Vineyard & Winery LLC in Temecula have filed for Chapter 11 bankruptcy protection, after the business was hit with two recent fraud lawsuits brought by more than a dozen investors. (Fri, 13 Jul 2007 05:31:07 GMT)

Utah bankruptcy filings are up 25#x25 for first 6 months
The number of Utahns filing for bankruptcy rose in June and is up 25 percent through the first six months of this year when compared to the same period of 2006. (Fri, 13 Jul 2007 06:09:13 GMT)

Utah bankruptcy filings are up 25#x25 for first 6 months
The number of Utahns filing for bankruptcy rose in June and is up 25 percent through the first six months of this year when compared to the same period of 2006. (Fri, 13 Jul 2007 06:09:13 GMT)

United Seeks Bankruptcy Protection Airline Tries to Reassure Customers, Suppliers
United Airlines yesterday launched a major effort to persuade customers, employees and suppliers not to abandon the company after it filed for bankruptcy and acknowledged that its losses had grown much worse in recent months. (Fri, 13 Jul 2007 16:35:30 GMT)

Marcal settles EPA's claim in bankruptcy court
NEWARK -- Marcal Paper Mills Inc. and the federal government reached a preliminary settlement Thursday in U.S. Bankruptcy Court on the Environmental Protection Agency’s $1 billion claim against the Elmwood Park paper products company for polluting the Passaic River. (Fri, 13 Jul 2007 16:37:02 GMT)

U.S. Bankruptcy Court Approves the Acquisition of Tweeter Home Entertainment Group by Schultze Asset Management, LLC
CANTON, Mass.----Tweeter Home Entertainment Group, Inc. today announced that the U.S. Bankruptcy Court in Wilmington, Delaware has approved the "going concern" bid by Schultze Asset Management, LLC to acquire substantially all of Tweeter's assets for $38 million in cash and the assumption of significant liabilities. (Fri, 13 Jul 2007 20:21:00 GMT)

Lee Food Service leaves bankruptcy
The former W.S. Lee & Sons has emerged from Chapter 11 bankruptcy after a year of public financial fighting that left the company's founding famil... (Fri, 13 Jul 2007 22:28:54 GMT)

Bankruptcy trustee blasts Calpine plan
The federal trustee overseeing power generator Calpine's bankruptcy blasted the company's Chapter 11 plan and urged a court to reject it, saying the company failed to provide creditors with enough details. (Sat, 14 Jul 2007 01:18:20 GMT)

No Protection for Homeowners
Rising mortgage delinquencies are likely to be followed by rising consumer bankruptcies and, with them, the first big test of the federal bankruptcy reform law of 2005. (Sat, 14 Jul 2007 04:07:36 GMT)

Winery files for bankruptcy protection
A winery operating out of a converted warehouse in south Temecula has filed for bankruptcy protection amid stalled plans to build a permanent facility in Wine Country. (Sat, 14 Jul 2007 05:24:24 GMT)

Investors file bankruptcy against BioWillie maker
DALLAS (AP) - A biodiesel-fuel producer that operates a plant in southern Oklahoma says it will continue operating, despite a bankruptcy filing by a group of investors who claim the company hasn't been paying its debts on time. (Sat, 14 Jul 2007 22:39:18 GMT)

Investors file bankruptcy against BioWillie maker
Associated Press - July 14, 2007 6:25 PM ET DALLAS (AP) - A biodiesel-fuel producer that operates a plant in southern Oklahoma says it will continue operating, despite a bankruptcy filing by a... (Sat, 14 Jul 2007 22:41:22 GMT)

Earth Biofuels faces bankruptcy petition
A biodiesel-fuel producer says it will continue operating, despite a bankruptcy filing by a group of investors that claim the company hasn't been paying its debts on time. (Sun, 15 Jul 2007 01:47:30 GMT)

Bankruptcy filed against biofuel maker
Associated Press - July 14, 2007 10:43 PM ET DALLAS (AP) - A biodiesel-fuel producer says it will continue operating, despite a bankruptcy filing by a group of investors who claim the company... (Sun, 15 Jul 2007 02:57:50 GMT)

Winery files for bankruptcy protection
A winery operating out of a converted warehouse in south Temecula has filed for bankruptcy protection amid stalled plans to build a permanent facility in Wine Country. (Sun, 15 Jul 2007 03:24:24 GMT)

Laughlin Ranch files bankruptcy
BULLHEAD CITY - In a one-two punch Friday, an attorney representing Laughlin Ranch announced it has filed for bankruptcy and a California-based company is interested in buying the master-planned upscale community on the Bullhead Parkway. (Sun, 15 Jul 2007 09:19:53 GMT)

Bankruptcy filed against biofuel maker
Dallas - A biodiesel-fuel producer says it will continue operating, despite a bankruptcy filing by a group of investors who claim the company hasn't been paying its debts on time. Five investment groups (Sun, 15 Jul 2007 17:48:14 GMT)

Request asks court to remove east, west hotels from Broadview bankruptcy
The attorney in charge of the bankruptcy of three Wichita hotels has filed a motion requesting that two of the properties be dismissed from the case. (Mon, 16 Jul 2007 05:07:24 GMT)

Creditors push Turner Hill to file for bankruptcy
The developer of a posh real estate project in Ipswich has been involuntarily hauled into bankruptcy court by a group of creditors who say they have been stiffed out of more than $1.3 million in legal fees and related debts. (Mon, 16 Jul 2007 05:20:18 GMT)

Bankruptcy looms over many elderly
Joe Talaba's first inkling that his parents were in financial trouble came in a phone call: Joe, said his 85-year-old father, I think we're being evicted. (Mon, 16 Jul 2007 05:59:50 GMT)

Bankruptcy Filed Against Earth Biofuels
Creditors file action after reports of 60 million loss. (Mon, 16 Jul 2007 12:08:30 GMT)

Alliance Bancorp Files for Bankruptcy
Residential mortgage lender Alliance Bancorp has filed for Chapter 7 bankruptcy and will liquidate its assets. The Brisbane, Calif.-based company listed assets and debts of more than $100 million each in its bankruptcy petition, which was filed Friday in Delaware. (Mon, 16 Jul 2007 16:31:04 GMT)

Alliance Bancorp seeks bankruptcy protection
NEW YORK, July 16 (Reuters) - Alliance Bancorp Inc. has filed for Chapter 7 bankruptcy protection and will liquidate, becoming the latest residential mortgage lender to collapse in the U.S. housing downturn. (Mon, 16 Jul 2007 20:02:59 GMT)

Reports: New Century seeks extension on bankruptcy plan filing
New Century Financial Corp. is asking the court to extend by 120 days its period of exclusive control to develop a Chapter 11 bankruptcy plan, which would extend the deadline to Nov. 28, according to Associated Press reports. (Mon, 16 Jul 2007 21:37:31 GMT)

Report: New Century seeks extension on bankruptcy plan filing
New Century Financial Corp. is asking the court to extend by 120 days its period of exclusive control to develop a Chapter 11 bankruptcy plan, which would extend the deadline to Nov. 28, according to an Associated Press report. (Mon, 16 Jul 2007 23:37:16 GMT)

Miami law firm takes client to bankruptcy court
After winning an appeal last month in a five-year legal battle, a Fort Lauderdale company is now being pushed into bankruptcy court by its former legal team. (Tue, 17 Jul 2007 07:16:29 GMT)

Meat Hope files for voluntary bankruptcy
_ A Hokkaido meat processor involved in a false-labeling scandal on Tuesday filed for voluntary bankruptcy with the Sapporo District Court, according to the lawyer's office representing the company. (Tue, 17 Jul 2007 09:14:14 GMT)

Schefenacker, Seeking Bankruptcy, Flees Germany for U.K. Courts
July 17 (Bloomberg) -- When Schefenacker AG, a German auto- parts maker, faced a default on bond debt last year, it fled the country where it was founded in 1935, moved its headquarters to England and filed for bankruptcy in London. (Tue, 17 Jul 2007 09:26:04 GMT)

DataX Ltd. Announces Partnership With American InfoSource to Offer Most Current Bankruptcy Data
Las Vegas-based DataX Ltd., a SellingSource.com company and a leading provider of credit reporting and on-line data verification services, today announced a partnership with American InfoSource that will allow DataX to augment its data verification and authentication services by offering clients the most current bankruptcy data for all 50 states. (Tue, 17 Jul 2007 09:56:55 GMT)

A-TEC chief executive to face charges of fraudulent bankruptcy
VIENNA (Thomson Financial) - The chief executive and primary shareholder of A-TEC Industries AG, Mirko Kovats, will face trial on charges of fraudulent bankruptcy in September in relation to some of his previous business dealings, the Austrian press agency APA reported. (Tue, 17 Jul 2007 13:42:04 GMT)

A-TEC chief executive to face charges of fraudulent bankruptcy UPDATE
(updates with comment from A-TEC chairman and additional background on charges) VIENNA (Thomson Financial) - The chief executive and primary shareholder of A-TEC Industries AG, Mirko Kovats, will face trial on charges of fraudulent bankruptcy in September in relation to some of his previous business dealings, the Austrian press agency APA reported. (Tue, 17 Jul 2007 15:11:34 GMT)

Briefs: But wait, there's more to Ronco bankruptcy
WASHINGTON — A California bankruptcy judge said private equity firm Marlin Equity Partners LLC can buy Veg-O-Matic seller Ronco Corp. for as little as $6 million in cash, subject to higher bids at auction. (Tue, 17 Jul 2007 20:38:35 GMT)

Refco Bankruptcy Consultants Earn $171M
The legion of lawyers and financial advisers in the Refco Inc. bankruptcy case have collected $171 million in fees and expenses from the commodities broker that imploded almost two years ago. (Tue, 17 Jul 2007 21:05:26 GMT)

Meat Hope Co. files for bankruptcy
SAPPORO (Kyodo) Meat Hope Co., a Hokkaido meat processor involved in a false-labeling scandal, filed Tuesday for bankruptcy with the Sapporo District Court, according to the lawyer's office... Read more ... (Tue, 17 Jul 2007 23:39:53 GMT)

Child development center files for bankruptcy
The Center for Child Development has filed for Chapter 7 bankruptcy and soon will be liquidating its assets in an effort to pay off its millions of dollars of debt. (Wed, 18 Jul 2007 04:22:36 GMT)

HOKKAIDO: Meat Hope files for bankruptcy
Tomakomai--Meat Hope Co., embroiled in a scandal over the quality of its food products, filed for bankruptcy Tuesday with the Tomakomai branch of the Sapporo District Court. (Wed, 18 Jul 2007 05:49:05 GMT)

BUSINESS Scandal-hit Meat Hope files for voluntary bankruptcy
SAPPORO — A Hokkaido meat processor involved in a false-labeling scandal on Tuesday filed for voluntary bankruptcy with the Sapporo District Court, according to the lawyer's office representing the company. (Wed, 18 Jul 2007 09:01:01 GMT)

Scandal-hit Meat Hope to begin voluntary bankruptcy procedures
_ The Tomakomai branch of the Sapporo District Court ruled Wednesday that voluntary bankruptcy procedures be launched for a Hokkaido meat processor involved in a false-labeling scandal. (Wed, 18 Jul 2007 11:19:30 GMT)

Delta's profits soar - just three months after bankruptcy exit
Posted: 10:15 AM- Just three months after exiting bankruptcy, Delta Air Lines charged into the black in the second quarter, reporting a profit of $1.8 billion. (Wed, 18 Jul 2007 16:26:28 GMT)

Motion filed with Bankruptcy Court to sell Hotel Zoso and the Marquis
Affiliates of USA Investment Partners have filed motions with the U.S. Bankruptcy Court for the District of Nevada to sell the Hotel Zoso and the Palm Springs Marquis Villas condominiums. (Thu, 19 Jul 2007 00:10:47 GMT)

Agency may emerge from bankruptcy soon
Tri-City Mental Health Center's effort to emerge from its 2004 bankruptcy may end in success by the end of the month. A debt repayment plan that has been greeted favorably by creditors is scheduled to be confirmed at a court hearing in Sacramento on July 31. (Thu, 19 Jul 2007 07:19:09 GMT)

Give more or church faces bankruptcy – warns rector
A WHITEHAVEN clergyman has warned of church bankruptcy unless parishioners increase the amount they put in the collection plate. Contributions from the congregation haven’t increased in line with rising costs and now Whitehaven’s St James’ Church has admitted it is struggling to pay its way. (Thu, 19 Jul 2007 08:33:23 GMT)

Purchase of Buckstaff Co. saves company from bankruptcy
The assets of industrial and commercial furniture manufacturer Buckstaff Co. have been sold to a Verona-based company, saving the 157-year-old company from bankruptcy. (Thu, 19 Jul 2007 09:19:34 GMT)

Appaloosa ready to help Dana on bankruptcy
BOSTON, July 19 (Reuters) - Dana Corp.'s largest shareholder, hedge fund Appaloosa Management, said Thursday it told Dana that it is prepared to fund the auto parts maker's exit from Chapter 11 bankruptcy proceedings. (Thu, 19 Jul 2007 12:48:50 GMT)

Oasys Mobile Files for Bankruptcy
Raleigh — Oasys Mobile, a developer of games and content for mobile devices, filed for Chapter 11 bankruptcy in an attempt to reorganize the company. Oasys disclosed the move Thursday before Wall Street opened. Its stock has plunged in value to under 10 cents a share. (Thu, 19 Jul 2007 13:27:23 GMT)

Oasys Mobile agrees to sell out in bankruptcy filing
Oasys Mobile, a beleaguered Raleigh company that owes millions of dollars to its creditors, has filed for bankruptcy. (Thu, 19 Jul 2007 14:27:27 GMT)

Bankruptcy judge approves Delphi-UAW pact
NEW YORK -- A federal bankruptcy judge approved this morning a new labor deal between Delphi Corp and the United Auto Workers that offers senior workers cash payments in exchange for accepting lower wages. (Thu, 19 Jul 2007 14:40:45 GMT)

Kara Homes owner objects to plan for builder to emerge from bankruptcy
Kara Homes Inc. owner Zuhdi Karagjozi has objected to a plan for the home builder to emerge from bankruptcy without him. Karagjozi in court papers filed Wednesday said Perry Mandarino, Kara's chief restructuring officer, rejected investors Karagjozi lined up in the past two weeks that would have offered a higher dividend to unsecured creditors. Instead, Mandarino stuck with two investors -- Glen ... (Thu, 19 Jul 2007 15:22:27 GMT)

Rider Bennett files for Chapter 11 bankruptcy
Shuttered law firm Rider Bennett has filed for Chapter 11 bankruptcy protection. (Thu, 19 Jul 2007 19:54:08 GMT)

Bankruptcy law change hasn't much reduced filings
Counseling is now required before filing for bankruptcy but counselors say they can find alternatives for only a few. (Fri, 20 Jul 2007 03:38:35 GMT)

Bankruptcy administrator targets former CEO
The court-appointed bankruptcy plan administrator for Brownsville General Hospital Inc. is asking Federal Bankruptcy Court in Pittsburgh to require the hospital's former interim chief executive officer to give back his salary. (Fri, 20 Jul 2007 04:30:30 GMT)

Kozyak Tropin & Throckmorton is ranked as a Top 6 Bankruptcy Firm in Florida in the 2007 Chambers USA Client's Guide
John Kozyak, Charles Throckmorton and Corali Lopez-Castro lead Kozyak Tropin & Throckmorton's bankruptcy law department to Band 1 status in Chambers USA 2007 (Fri, 20 Jul 2007 07:01:00 GMT)

Kozyak Tropin & Throckmorton is ranked as a Top 6 Bankruptcy Firm in Florida in the 2007 Chambers USA Client's Guide
John Kozyak, Charles Throckmorton and Corali Lopez-Castro lead Kozyak Tropin & Throckmorton's bankruptcy law department to Band 1 status in Chambers USA 2007 (PRWeb Jul 20, 2007) Post Comment:Trackback URL: http://www.prweb.com/pingpr.php/ (Fri, 20 Jul 2007 07:18:48 GMT)

Consumer bankruptcy rate up in 3 states
Almost two years after lawmakers amended the U.S. Bankruptcy Code to reduce filing rates, several regions in the Southeast continue to see elevated numbers of consumer bankruptcy cases, a phenomenon some experts attribute in part to local culture. (Fri, 20 Jul 2007 08:02:28 GMT)

Creditors try to force McLean into bankruptcy
Creditors who say they lost millions of dollars to Murfreesboro investment adviser Robert W. McLean are trying to force him into bankruptcy to get their money back. (Fri, 20 Jul 2007 08:11:34 GMT)

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