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Home > Bankruptcy News

Bankruptcy News Oct 2007

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Delphi bankruptcy exit seen delayed into 2008
CHICAGO, Oct 19 - Auto parts maker Delphi Corp said on Friday it expects its exit from bankruptcy to be pushed into the first quarter of next year, from an expected exit by the end of 2007. (Fri, 19 Oct 2007 22:12:54 GMT)

Delphi bankruptcy exit seen delayed into 2008
CHICAGO, Oct 19 - Auto parts maker Delphi Corp said on Friday it expects its exit from bankruptcy to be pushed into the first quarter of next year, from an expected exit by the end of 2007. (Fri, 19 Oct 2007 22:12:54 GMT)

Salander Hearing Airs Art Claims, Likely Bankruptcy (Update1)
Oct. 19 (Bloomberg) -- A New York State judge ordered the Manhattan gallery of art dealer Lawrence Salander closed indefinitely, and a lawyer representing the dealer -- who is facing lawsuits seeking tens of millions of dollars -- said a bankruptcy filing is likely. (Fri, 19 Oct 2007 23:06:09 GMT)

Pens' co-owner Lemieux to get US$21 million in club's bankruptcy settlement
PITTSBURGH - Pittsburgh Penguins co-owner Mario Lemieux will get US$21 million as part of the team's settlement of its 1998 bankruptcy. (Sat, 20 Oct 2007 01:38:00 GMT)

Delphi Bankruptcy Exit To Be Reportedly Delayed To Early 2008 - Update
(RTTNews) - Friday, auto parts maker Delphi Corp. (DPHIQ.PK) said its anticipated exit from bankruptcy by the end of 2007 might be extended to the first quarter of 2008. In a bid to give more time to Delphi to negotiate its reorganization plan with key stakeholders, the bankruptcy court delayed the hearing for two weeks. (Sat, 20 Oct 2007 02:25:59 GMT)

Lemieux to get $21M in Pens' bankruptcy settlement
Pittsburgh Penguins co-owner Mario Lemieux will get $21 million as part of the team's settlement of its 1990s bankruptcy, a newspaper reported. (Sat, 20 Oct 2007 02:56:32 GMT)

One last bankruptcy exit step: Win Stanley Cup
It seemed that a $21 million payment to owner and retired Hall of Fame center Mario Lemieux was the final step in the Penguins' eight-year recovery from bankruptcy. ... (Sat, 20 Oct 2007 04:40:36 GMT)

Westside hospital expected to seek bankruptcy protection
Brotman Medical Center in Culver City could seek shelter from creditors as early as next week, sources say. Brotman Medical Center, a key healthcare provider serving Los Angeles' Westside, is expected to seek protection from creditors in Bankruptcy Court as early as next week, according to three executives familiar with the matter. (Sat, 20 Oct 2007 07:18:04 GMT)

Penguins reached $21-million settlement with Lemieux over bankruptcy
The Pittsburgh Penguins will pay Mario Lemieux - the greatest player in franchise history and a part-owner of the team - $21 million US as part of a debt-refinancing plan linked to the team's bankruptcy of the late 1990s, the Pittsburgh Post-Gazette reported Friday. (Sat, 20 Oct 2007 13:05:05 GMT)

Westside hospital expected to seek bankruptcy protection
Brotman Medical Center in Culver City could seek shelter from creditors as early as next week, sources say. Brotman Medical Center, a key healthcare provider serving Los Angeles' Westside, is expected to seek protection from creditors in Bankruptcy Court as early as next week, according to three executives familiar with the matter. (Sat, 20 Oct 2007 16:00:14 GMT)

New bankruptcy law little help to creditors
WASHINGTON — Congress voted to change the bankruptcy code to require more people to pay some of what they owed because a majority of lawmakers... (Sun, 21 Oct 2007 05:53:46 GMT)

Collection letter after bankruptcy is likely a mistake
Q: More than 10 years ago, my husband and I filed for bankruptcy. We recently received a letter from a collection agency for $701.65 from a Citibank debt. This debt was listed in the bankruptcy proceedings. How can they send a demand for payment after 10 years? A: They can send a demand, but you don't have to pay it. According to the bankruptcy attorneys that we contacted, the notice ... (Sun, 21 Oct 2007 06:16:09 GMT)

Co-owner Lemieux gets $21m in Pens' bankruptcy settlement
Pittsburgh Penguins co-owner Mario Lemieux will get US$21 million as part of the team's settlement of its 1998 bankruptcy. (Sun, 21 Oct 2007 09:50:58 GMT)

Child support, bankruptcy trail former NBA player Caffey
Four years and tens of millions of dollars after his NBA career ended, Mobile native Jason Caffey is in bankruptcy court seeking protection from creditors, who include seven women with whom he has had eight children. (Sun, 21 Oct 2007 15:33:45 GMT)

PALCO bankruptcy-related timberland ordinance returns to board agenda
The Humboldt County Board of Supervisors will on Tuesday discuss residences on timberlands, a topic likely to be on the table in a Texas bankruptcy court at the same time. (Mon, 22 Oct 2007 06:21:14 GMT)

Bankruptcy filings
This bankruptcy was filed Oct. 5 in U.S. District Court, Indianapolis, for the Southern District of Indiana. D-debt; A-assets. (Mon, 22 Oct 2007 06:49:33 GMT)

Bankruptcy alternatives available after 2005 law
Fortunately, not all-financial difficulties result in bankruptcies. Financial problems are typically created when expenses and obligations consistently exceed income and the ability to make payments. The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, made it more difficult for individuals to discharge debt. Individuals can avoid a lot of grief by knowing some basic facts about ... (Mon, 22 Oct 2007 14:37:03 GMT)

Chicago builder, Neumann Homes, closes branches, prepares bankruptcy filing
Neumann Homes, one of Chicago's largest homebuilders, announced on Monday that it intends to file for bankruptcy. (Mon, 22 Oct 2007 23:34:30 GMT)

Major Illinois Home Builder Faces Bankruptcy
The volatile real estate market has pushed one of the state's biggest home builders, Warrenville-based Neumann Homes, to the brink of bankruptcy. CBS 2's Dana Kozlov reports on what that means for customers, and for the real estate market. (Tue, 23 Oct 2007 04:03:25 GMT)

Mid-Missouri Bankruptcy Center
If I filed bankruptcy in 2000, when am I eligible to file again? You would eligible to file a chapter 13 case now. You would have to wait until 2008 (eight years after your previous case was filed) to file another chapter 7 case. (Tue, 23 Oct 2007 04:35:56 GMT)

Area homebuilder closes, files for bankruptcy
-- The crash in the Chicago-area market for new homes has claimed its biggest casualty. Suburban builder Neumann Homes Inc. said Monday it will file for bankruptcy and has laid off most of its employees. (Tue, 23 Oct 2007 09:14:33 GMT)

Neuman Homes to file for bankruptcy
The crash in the Chicago-area market for new homes has claimed its biggest casualty. The builder of the NeuDearborn Station townhome community on Route 59 in Naperville will file for bankruptcy and has laid off most of its employees. Neumann Homes Inc. blamed its predicament on a drop of more than 50 percent in annual sales within the Chicago and Denver markets. (Tue, 23 Oct 2007 09:28:37 GMT)

Neumann Homes to file for bankruptcy
NORTH AURORA – A housing developer with ties to Kane County has laid off most of its employees and intends to file for bankruptcy, officials said Monday evening. (Tue, 23 Oct 2007 10:22:19 GMT)

A Viable Alternative to Bankruptcy
(ARA) - If you're carrying thousands of dollars in credit card debt, struggling to pay the rent every month and getting calls from collections agencies, you might be considering bankruptcy. Yet for almost all circumstances, a good financial advisor will tell you that's the last thing you should do. (Tue, 23 Oct 2007 10:23:13 GMT)

Bankruptcy filings
ptcy filings from U.S. Bankruptcy Court, District of Minnesota. Chapter 7 filings involve total liquidation of assets. Chapter 13 debtors are allowed to repay all or some of their debts through an interest-free payment plan over 3 to 5 years. Discha (Tue, 23 Oct 2007 13:12:19 GMT)

Mid-Missouri Bankruptcy Center
I know the bankruptcy laws have changed. I don't have much extra cash but I would like to know how much it would cost for a consultation on if I would qualify to apply for bankruptcy. I do have a student loan in default that I know will not apply to this. Just tried of being in debt. (Tue, 23 Oct 2007 13:51:50 GMT)

Reports: Neumann Homes To File For Bankruptcy
Neumann Homes, one of the biggest homebuilders in the Chicago area, will file for Chapter 11 bankruptcy Tuesday, according to published reports. (Tue, 23 Oct 2007 14:53:40 GMT)

Chicago-Area Homebuilder Will File for Bankruptcy After Default
Oct. 23 (Bloomberg) -- Neumann Homes Inc. will file for bankruptcy, becoming the second-largest homebuilder to seek Chapter 11 protection from its creditors as the U.S. housing recession enters its third year. (Tue, 23 Oct 2007 18:05:52 GMT)

Housing slump pushes builder to bankruptcy
Home-builder Newmann Homes Inc., victimized by the depressed U.S. housing market, said it plans to seek Chapter 11 bankruptcy protection. (Tue, 23 Oct 2007 18:56:06 GMT)

Lawmakers to mull subprime bankruptcy relief
U.S. bankruptcy judges could erase billions of dollars in mortgage debt for troubled homeowners under legislation to be debated on Wednesday. (Tue, 23 Oct 2007 21:03:20 GMT)

Neumann Homes Filing for Bankruptcy
Neumann Homes Inc., a large homebuilder in Chicago, Denver, Detroit and Wisconsin, is filing for Chapter 11 bankruptcy protection because of the slump in housing markets. (Tue, 23 Oct 2007 21:38:00 GMT)

Lawmakers to mull subprime bankruptcy relief
WASHINGTON (Reuters) - U.S. bankruptcy judges could erase billions of dollars in mortgage debt for troubled homeowners under legislation to be debated on Wednesday. (Tue, 23 Oct 2007 21:51:31 GMT)

Some look to bankruptcy to keep homes
U.S. consumer bankruptcy filings have increased nearly 23 percent over a year ago, the American Bankruptcy Institute reported. (Tue, 23 Oct 2007 23:26:08 GMT)

Developer's bankruptcy puts buyers' future in doubt
Todd and Kathryn Lawler took a giant step toward the American dream this past March. Before that offer could come to fruition, however, Lawler learned Neumann Homes planned to file bankruptcy. (Wed, 24 Oct 2007 05:45:17 GMT)

Area reels from builder's bankruptcy
The impending bankruptcy of one of the Chicago area’s largest homebuilders has left homeowners, village officials, and subcontractors scrambling for solutions. (Wed, 24 Oct 2007 05:56:34 GMT)

Bankruptcy Filings Jump Signals Trouble
A sharp jump in the number of personal bankruptcy filings could signal growing economic uncertainty for the city. Crain's New York Business reported yesterday that Chapter 7 and Chapter 13 filings in the five boroughs rose 69%, to 10,541, in the past year. Economists said such numbers are likely linked to the troubles of the subprime lending industry, which is experiencing an overwhelming level ... (Wed, 24 Oct 2007 06:06:16 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. (Wed, 24 Oct 2007 10:23:01 GMT)

After filing bankruptcy, Bombay closing stores
The Bombay Co. Inc. has filed bankruptcy and plans to close its stores in the United States, including its store at the Charleston Town Center, said Lisa McCracken, the mall's marketing director. (Wed, 24 Oct 2007 13:37:12 GMT)

New Yorkers file for bankruptcy in droves
The number of personal bankruptcy filings rocketed 70% in the past year due in part to rising debt and a housing slowdown. (Wed, 24 Oct 2007 20:11:14 GMT)

Supreme Court quashes PTDI bankruptcy ruling
The Supreme Court has accepted the appeal filed by PT Dirgantara Indonesia (PTDI) over the Commercial Court's recent bankruptcy ruling against the state-owned aircraft manufacturer. (Thu, 25 Oct 2007 03:52:49 GMT)

Neumann Homes to file for bankruptcy
NORTH AURORA – A housing developer with ties to Kane County has laid off most of its employees and intends to file for bankruptcy, officials said Monday evening. (Thu, 25 Oct 2007 05:18:39 GMT)

United States Organizations for Bankruptcy Alternatives (USOBA) Announces State Bar of Nevada has given CLE ...
The United States Organizations for Bankruptcy Alternatives, Inc. (USOBA) will hold its 2007 Fall Conference at Bally's Hotel in Las Vegas, NV on November 12th and 13th. USOBA announces that the State Bar of Nevada has given CLE accreditation and is accepted by the California State Bar towards MCLE credit for their 2007 Fall Conference in Las Vegas, NV. The Ca (PRWeb Oct 25, 2007) (Thu, 25 Oct 2007 07:04:36 GMT)

Many questions arise in wake of builder's bankruptcy announcement
The impending bankruptcy of one of the Chicago area’s largest homebuilders has left homeowners, village officials, and subcontractors scrambling for solutions. (Thu, 25 Oct 2007 08:55:38 GMT)

Antioch assesses Neumann bankruptcy
Antioch officials are assessing the impact locally of Neumann Homes' announcement that the developer is filing for Chapter 11 bankruptcy. "We will track the costs and hope that we will be made whole in the end," said Acting Village Administrator James Keim, who anticipates a lengthy legal process before the village can collect any fees due to them. (Thu, 25 Oct 2007 09:49:36 GMT)

NYRA bankruptcy filing says it doesn't own tracks
The New York Racing Association has filed a Chapter 11 bankruptcy plan that drops a claim of ownership over thoroughbred tracks in exchange for the right to run them for 30 years. (Thu, 25 Oct 2007 10:05:49 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, 25 Oct 2007 13:09:54 GMT)

Bankruptcy costs weigh down Grace earnings
Third-quarter earnings at chemicals giant W.R. Grace & Co. dipped by 9 percent as expenses from the company's Chapter 11 bankruptcy rose and sales in the U.S. fell. (GRA) (Thu, 25 Oct 2007 13:47:54 GMT)

New Yorkers file for bankruptcy in droves
The number of personal bankruptcy filings rocketed 70% in the past year due in part to rising debt and a housing slowdown. (Thu, 25 Oct 2007 20:09:42 GMT)

Quigley Co. Bankruptcy Plan to Proceed
A federal judge said the now-defunct Quigley Co.'s plan to repay creditors and asbestos claimants can move forward, dealing a blow to a group of asbestos personal-injury claimants who called the bankruptcy plan an attempt to avoid responding to "countless dying cancer victims." (Thu, 25 Oct 2007 20:15:41 GMT)

SCO has a buyer, pending bankruptcy approval
Embattled SCO Group is offering the bankruptcy court a deal it could be hard to refuse. The company has received an offer of US$36 million from JGD Management for its business and intellectual property. (Fri, 26 Oct 2007 03:57:54 GMT)

Neumann Homes to file for bankruptcy
NORTH AURORA – A housing developer with ties to Kane County has laid off most of its employees and intends to file for bankruptcy, officials said Monday evening. (Fri, 26 Oct 2007 06:33:28 GMT)

Coal mine in Helper files petition for bankruptcy
A coal mine in Helper is back in bankruptcy. (Fri, 26 Oct 2007 06:49:41 GMT)

Chapter 13 Bankruptcy Dismissed? Houston's Busby & Contreras May Be Able to Help
The leading full-service family law firm helps clients understand bankruptcy law, underscoring that knowledge impacts outcome. (PRWeb Oct 26, 2007) (Fri, 26 Oct 2007 07:03:47 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, 26 Oct 2007 08:16:41 GMT)

What You Need To Know About Bankruptcy
Foreclosures and excessive debts are a homeowner's worst nightmares come true. Many believe bankruptcy to be the perfect solution for these problems. But, that's where people get trapped. Bankruptcy stays put on your credit record for quite a long time making advancing in life incredibly difficult. (Fri, 26 Oct 2007 08:33:15 GMT)

Many questions arise in wake of builder's bankruptcy announcement
The impending bankruptcy of one of the Chicago area’s largest homebuilders has left homeowners, village officials, and subcontractors scrambling for solutions. (Fri, 26 Oct 2007 09:34:44 GMT)

Nova chain files for bankruptcy
OSAKA--English-language school operator Nova Corp. filed for bankruptcy protection Friday and suspended operations at about 800 schools, leaving thousands of students and teachers in the dark about refunds and unpaid wages. (Sat, 27 Oct 2007 02:37:38 GMT)

Bankruptcy judge clears sale of listings held by Foxtons
For thousands of Foxtons customers, the wait is finally over. More than 3,400 New Jersey real estate listings that had been in limbo since the discount brokerage filed for bankruptcy protection last month will be sold to another brokerage, a federal judge in Trenton ruled yesterday. (Sat, 27 Oct 2007 05:02:49 GMT)

Neumann Homes to file for bankruptcy
NORTH AURORA – A housing developer with ties to Kane County has laid off most of its employees and intends to file for bankruptcy, officials said Monday evening. (Sat, 27 Oct 2007 05:59:18 GMT)

Many questions arise in wake of builder's bankruptcy announcement
The impending bankruptcy of one of the Chicago area’s largest homebuilders has left homeowners, village officials, and subcontractors scrambling for solutions. (Sat, 27 Oct 2007 06:04:22 GMT)

Judge OKs extension in diocese bankruptcy
The Diocese of Davenport can have until Nov. 16 to file its reorganization plan in federal bankruptcy court, a judge has ruled. (Sat, 27 Oct 2007 13:29:15 GMT)

Many questions arise in wake of builder's bankruptcy announcement
The impending bankruptcy of one of the Chicago area’s largest homebuilders has left homeowners, village officials, and subcontractors scrambling for solutions. (Sun, 28 Oct 2007 05:19:19 GMT)

Neumann Homes to file for bankruptcy
NORTH AURORA – A housing developer with ties to Kane County has laid off most of its employees and intends to file for bankruptcy, officials said Monday evening. (Sun, 28 Oct 2007 05:27:16 GMT)

Jesuits pay for sins of abusers
Regional leaders say they may file for bankruptcy, with $16 million spent to settle claims since 2002. (Sun, 28 Oct 2007 07:24:15 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, 28 Oct 2007 09:23:42 GMT)

Adjustable mortgage rates drive some to bankruptcy
Editor's note: This is one in an occasional series of stories about the local housing market and what's happening to residents as they grapple with rising interest rates, tightening credit, falling home prices and other economic issues. (Sun, 28 Oct 2007 12:01:59 GMT)

Bankruptcy filings
The following bankruptcies were filed in Danville, Peoria and Springfield from Oct. 17 to 23: (Sun, 28 Oct 2007 12:58:26 GMT)

Bankruptcy filings surge as home foreclosures increase
Consumers looking for a way to save their homes from foreclosure are increasingly turning to federal bankruptcy courts for protection. For people who fall behind but can afford their basic mortgage... (Mon, 29 Oct 2007 05:08:06 GMT)

Bankruptcy underscores squeeze on some area medical practices
The bankruptcy of a Columbus medical practice that treats cancer and blood disorders is an extreme example of how growing expenses and shrinking payments are hurting independent practices and oncologists in particular, according to medical trade groups. (Mon, 29 Oct 2007 05:22:04 GMT)

On the brink of bankruptcy
Matthews Brothers Builders LLC, the largest homebuilder in Shelby County, may be heading toward bankruptcy as lawsuits, foreclosures and liens against the company, its affiliates and its principals are mounting. (Mon, 29 Oct 2007 05:22:14 GMT)

More debtors use bankruptcy to keep homes
With loan defaults rising along with many mortgage payments, fast-growing numbers of homeowners are gambling on bankruptcy filings to try to stay in their homes. Last month, as the nation's housing slump continued, consumer bankruptcy filings increased almost 23 percent from a year earlier - representing nearly 69,000 people - according to the American Bankruptcy Institute, a nonprofit research ... (Mon, 29 Oct 2007 06:34:46 GMT)

Euler Hermes: Czech bankruptcy numbers will dip slightly this year
Prague, Oct 28 (CTK) - Bankruptcy numbers in the Czech Republic will decrease slightly to an estimated 1,250 cases this year from 1,278 a year ago and should remain unchanged in 2008, credit insurance company Euler Hermes Cescob has said. (Mon, 29 Oct 2007 07:25:30 GMT)

Many questions arise in wake of builder's bankruptcy announcement
The impending bankruptcy of one of the Chicago area’s largest homebuilders has left homeowners, village officials, and subcontractors scrambling for solutions. (Mon, 29 Oct 2007 09:27:20 GMT)

Neumann Homes to file for bankruptcy
NORTH AURORA – A housing developer with ties to Kane County has laid off most of its employees and intends to file for bankruptcy, officials said Monday evening. (Mon, 29 Oct 2007 10:09:25 GMT)

What do you think about Nova's bankruptcy and English-language schools in Japan?
Nova, the largest English-language school chain in Japan, requested on Oct 28 court protection as a result of bankruptcy. Foreign teachers and staff have not been paid salaries for a few months, and Japanese students have lost their tuition fees. (Mon, 29 Oct 2007 11:42:08 GMT)

Which is worse: foreclosure or bankruptcy?
Based on our mail, the financial squeeze that’s left millions of Americans falling behind on their mortgage payments doesn’t seem to be letting up. For some, that presents a stark choice: is it better to lose your house to foreclosure or file for bankruptcy protection?. The Answer Desk, by msnbc.com's John W. Schoen (Mon, 29 Oct 2007 12:06:09 GMT)

SCO wants bankruptcy court approval to sell its Unix business
Egan Orion the Inquirer , Sunday 28 October 2007. 12:31:00 Comment Will keep its majorliabilities BANKRUPT PARIAH The SCO Group asked for approval from the bankruptcy court last week to sell most of its useful assets to JGD Management Corp. (Mon, 29 Oct 2007 12:16:01 GMT)

Many questions arise in wake of builder's bankruptcy announcement
The impending bankruptcy of one of the Chicago area’s largest homebuilders has left homeowners, village officials, and subcontractors scrambling for solutions. (Tue, 30 Oct 2007 05:26:21 GMT)

State to fight false bankruptcy announcements
Taking a cue from judges who have complained about abuses of the bankruptcy system, the government is preparing a more secure online registry to present false insolvency claims. (Tue, 30 Oct 2007 07:04:58 GMT)

Pope & Talbot files for bankruptcy
Pope & Talbot, Oregon's last public forest products company, filed for bankruptcy protection in Canada late Sunday to shelter itself from recent ill-timed investments in British Columbia mills. (Tue, 30 Oct 2007 07:11:53 GMT)

Pope & Talbot files for bankruptcy in Canada
Wood-products producer Pope & Talbot filed for bankruptcy protection in Canada, citing record low demand for lumber and the appreciation... (Tue, 30 Oct 2007 07:12:04 GMT)

New bankruptcy law fails to produce more payment
Congress voted to change the bankruptcy code to require more people to pay some of what they owed because a majority of lawmakers believed Americans were using bankruptcy as an easy way out of debt. (Tue, 30 Oct 2007 07:15:05 GMT)

Sell home to avoid bankruptcy
The Bankruptcy Adviser advises a reader whose drop in income puts the squeeze on mortgage payments. (Tue, 30 Oct 2007 10:00:00 GMT)

Northwest Airlines Exits Bankruptcy
Northwest Airlines says it swung to a profit in the third quarter as it kept fuel and other costs under control and moved on from its bankruptcy restructuring. (Tue, 30 Oct 2007 12:21:18 GMT)

Bankruptcy Judge Calls Developer's Actions 'Criminal'
ORLANDO, Fla. -- An Orlando bankruptcy judge called a condo developer's actions "criminal." Investors for the Lexington in downtown Orlando said developer George Kavilretenos used their deposit money to buy a $5 million Isleworth home. (Tue, 30 Oct 2007 12:43:47 GMT)

Delphi sees reduced bankruptcy exit financing plan
DETROIT, Oct 30 - Auto parts maker Delphi Corp said on Tuesday the size of its bankruptcy exit financing package would be reduced and several changes made to its reorganization plan due to the roiling credit markets. (Tue, 30 Oct 2007 12:47:22 GMT)

Pharmed declares bankruptcy
Just four years ago Pharmed earned brothers Carlos and Jorge de Céspedes $48 million in profit. Now the company has filed for Chapter 11 bankruptcy protection, declaring debts of more than $60 million. (Tue, 30 Oct 2007 12:47:40 GMT)

Delphi to alter bankruptcy exit plan
Auto parts maker Delphi Corp said on Tuesday the size of its bankruptcy exit financing package would be reduced and several changes made to its reorganization plan due to the roiling credit markets. (Tue, 30 Oct 2007 16:38:20 GMT)

US House Panel May Vote On Loan-Related Bankruptcy Bill Next Week
WASHINGTON -(Dow Jones)- The U.S. House Judiciary Committee could vote on a bill as early as next week that would make changes to bankruptcy law aimed at helping borrowers with subprime loans avoid foreclosure, Rep. John Conyers, D- Mich., told reporters Tuesday. (Tue, 30 Oct 2007 21:25:59 GMT)

House Panel May Vote on Bankruptcy Bill
The U.S. House Judiciary Committee could vote on a bill as early as next week that would make changes to bankruptcy law aimed at helping borrowers with subprime loans avoid foreclosure, the body's chairman said Tuesday. (Tue, 30 Oct 2007 21:53:22 GMT)

Struggling IP Mobile aborts launch, files for bankruptcy
IP Mobile Inc. gave back its mobile broadband license and filed for bankruptcy Tuesday, aborting what was supposed to be a new data-based telecom venture, sources said. Read more ... (Tue, 30 Oct 2007 23:46:01 GMT)

Agreement reached in QM bankruptcy case
LONG BEACH - Virtually all of the players in the Queen Mary bankruptcy case agreed to pool their money Tuesday to pay off AAC Shoreline - a company that managed to temporarily derail the sale of the Queen Mary's lease 12 day ago. (Wed, 31 Oct 2007 00:38:37 GMT)

Delphi trims bankruptcy package
Delphi, the auto supplier trying to exit bankruptcy, said credit-market turmoil has forced it to seek a smaller financing package that cuts more than $3 billion in cash payments to its unsecured creditors and General Motors Corp. (Wed, 31 Oct 2007 05:25:16 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. (Wed, 31 Oct 2007 09:38:14 GMT)

Delphi Suffers Credit Debt During Bankruptcy
Delphi says it's run into credit problems while trying to emerge from bankruptcy. The auto parts supplier says the credit-market turmoil has forced it to seek a smaller financing package. (Wed, 31 Oct 2007 14:00:52 GMT)

(AFX UK Focus) 2007-10-31 14:15 GMT: Dutch court says curator decisions in Yukos bankruptcy are invalid
AMSTERDAM (Thomson Financial) - Amsterdam Court has ruled that shareholder decisions made by the curator relating to Yukos Finance BV in the bankruptcy of OAO Yukos Oil Company are invalid because the Russian bankruptcy ruling cannot be recognised in the Netherlands. (Wed, 31 Oct 2007 14:36:03 GMT)

Solutia receives $2B in bankruptcy exit financing
Solutia Inc. received on Wednesday a fully underwritten commitment for $2 billion of exit financing, which would be used to pay certain creditors upon Solutia's emergence from Chapter 11 bankruptcy pursuant to the plan of reorganization, and for the ongoing operations of the company after emergence. (Wed, 31 Oct 2007 16:44:05 GMT)

Solutia Nabs $2B Bankruptcy-Exit Loan
Solutia Inc., looking to exit Chapter 11 protection by the end of the year, has lined up a $2 billion bankruptcy-exit loan just two weeks after warning that tough times in credit markets were complicating its efforts to raise financing. (Wed, 31 Oct 2007 17:49:43 GMT)

No Ombudsman in American Home Bankruptcy
The judge presiding over the bankruptcy of American Home Mortgage Investment Corp. on Wednesday denied requests from some homebuyers to appoint a consumer privacy ombudsman. (Wed, 31 Oct 2007 22:37:43 GMT)

Neumann Homes Teeters on Bankruptcy
Reeling from the housing market downturn, Chicago-based homebuilder Neumann Homes announced last week that it intended to file for Chapter 11 bankruptcy protection. Yet as of this week, the company had still not filed, as negotiations with lenders continued. (Wed, 31 Oct 2007 23:08:25 GMT)

Debt Greater Than Expected in PFM Bankruptcy Case
Official bankruptcy papers were filed for Personal Finance Management. (Wed, 31 Oct 2007 23:38:39 GMT)

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