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Home > Bankruptcy News

Bankruptcy News Dec 2007

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National R.V. Holdings, Inc. Announces Chapter 11 Bankruptcy Filing
National R.V. Holdings, Inc. today announced that the Company and National R.V., Inc., its wholly-owned subsidiary, filed voluntary petitions under the provisions of Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court, Central District of California, Riverside Division. (Sat, 01 Dec 2007 01:55:00 GMT)

National R.V. Holdings Announces Chapter 11 Bankruptcy Filing
(RTTNews) - National R.V. Holdings, Inc. (NRVH.PK) said Friday that the company and National R.V., Inc., its wholly-owned subsidiary, have filed voluntary petitions under the provisions of Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court, Central District of California, Riverside Division. (Sat, 01 Dec 2007 07:10:58 GMT)

Blondie’s files for bankruptcy
A prominent downtown Carlisle bar/restaurant has filed for bankruptcy. (Sat, 01 Dec 2007 07:18:23 GMT)

Dodd seeks change in bankruptcy law
Ames, Ia. -- Democratic presidential candidate Chris Dodd said Friday he plans to push for legislation next week to help citizens get out of bankruptcy. (Sat, 01 Dec 2007 10:15:11 GMT)

AJ's files for Chapter 11 bankruptcy
DESTIN -- “It will be business as usual” at AJ’s Restaurant and Oyster Bar, owner Alan Laird says after filing for Chapter 11 bankruptcy protection. Laird filed a “petition for relief” from debt collectors on Nov. 19 in Okaloosa County Circuit Court. (Sun, 02 Dec 2007 00:37:14 GMT)

NYRA approved to send bankruptcy plan to creditors for vote; IRS tax claim reduced
NEW YORK - The New York Racing Association on Wednesday won court approval to send its reorganization plan to creditors for a vote, a major step in its path out of bankruptcy. (Sun, 02 Dec 2007 01:14:06 GMT)

Blondie’s files for bankruptcy
A prominent downtown Carlisle bar/restaurant has filed for bankruptcy. (Sun, 02 Dec 2007 06:33:12 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. (Sun, 02 Dec 2007 10:53:42 GMT)

Topps files for bankruptcy after shutdown and massive beef recall
The Topps Meat Co., which issued the nation's second-largest beef recall ever, has filed papers to liquidate the company. (Sun, 02 Dec 2007 12:35:44 GMT)

Wave of foreclosures prompts bankruptcy battle
Consumer advocates are looking to change federal bankruptcy laws to allow homeowners to rework their mort­gages with bankruptcy judges instead of losing their homes through foreclosure. (Mon, 03 Dec 2007 05:01:25 GMT)

Owner of DeWitt Clinton asks bankruptcy court to end tenant's lease
The owner of the DeWitt Clinton Apartments in downtown Albany has filed for Chapter 11 bankruptcy protection, in part to break a lease with the last remaining tenant. (Mon, 03 Dec 2007 05:01:45 GMT)

Coldwell Banker Office Owner Files for Chapter 7 Bankruptcy
During the slow real estate market, only the strong survive. A residential real estate broker recently closed its doors in the South Bay area. Joel Forral, owner of Coldwell Banker Alliance in Chula Vista, filed for Chapter 7 bankruptcy in the federal bankruptcy court in San Diego in September. (Mon, 03 Dec 2007 05:13:31 GMT)

A Viable Alternative to Bankruptcy
(ARA) - If you're carrying thousands of dollars in credit card debt, struggling to pay the rent every month and getting calls from collections agencies, you might be considering bankruptcy. Yet for almost all circumstances, a good financial advisor will tell you that's the last thing you should do. (Mon, 03 Dec 2007 09:16:25 GMT)

Haven Gets A New Hand
Bankruptcy Trustee Appoints Caretaker A managing partner of a Cleveland health care consulting firm who has vast experience dealing with troubled nursing home chains has been appointed to oversee the care of patients at Haven Healthcare's 25 nursing homes. (Mon, 03 Dec 2007 10:06:36 GMT)

Greenberg Traurig Grows Bankruptcy, Litigation Practice in Central Florida with Soriano Addition
TAMPA, Fla.----Greenberg Traurig, an international law firm with more than 1,750 attorneys in 28 offices throughout the United States and Europe, including Tampa, has added nationally recognized attorney Robert A. (Mon, 03 Dec 2007 15:05:00 GMT)

Diocese bankruptcy settlement 'best opportunity for healing'
The Roman Catholic Diocese of Davenport would pay up to $37 million to sexual abuse victims under a plan revealed Monday that paves the way for the diocese to emerge from bankruptcy protection after 14 months. The agreement, which still must be approved by a judge, was reached at 1 a.m. Nov. 29 after four days of mediation in Chicago between attorneys for the diocese and the case's creditors ... (Mon, 03 Dec 2007 17:45:15 GMT)

Delphi asks to extend bankruptcy deadline
Delphi Corp. has sought a three-month extension of its right to control its bankruptcy reorganization, saying the credit crunch has made it difficult for the company to obtain Chapter 11 exit-financing. (Mon, 03 Dec 2007 17:46:49 GMT)

Countrywide CEO says bankruptcy not an option
Countrywide Financial Corp Chief Executive Angelo Mozilo said on Monday he doesn't expect the largest U.S. mortgage lender to file for bankruptcy protection, saying the "elements are certainly not there." (Mon, 03 Dec 2007 22:36:25 GMT)

Bankruptcy not an option - Mozilo
Countrywide Financial Corp Chief Executive Angelo Mozilo has said he doesn't expect the largest US mortgage lender to file for bankruptcy protection, saying the "elements are certainly not there." (Tue, 04 Dec 2007 00:26:03 GMT)

Lawsuit not related to firm's bankruptcy
JAKARTA: State prosecutors told a court Monday that a lawsuit filed by the State Logistic Agency (Bulog) against PT Goro Batara Sakti (GBS), owned by Hutomo "Tommy" Mandala Putra, had nothing to do with the firm's bankruptcy. (Tue, 04 Dec 2007 05:31:31 GMT)

Mead ethanol plant files for bankruptcy protection
Nebraska’s most cutting-edge ethanol plant has fallen off the financial edge. E3 BioFuels at Mead, built to use the manure from 30,000 cattle as an energy source, has filed for bankruptcy protection less than six months after it began making grain-based fuel. (Tue, 04 Dec 2007 06:26:13 GMT)

An Insider's Last Look At The Aftermath of the Columbia A/C Bankruptcy Auction
Who 'Won' and Who 'Lost' Analysis and Opinion by Rich Belzer (Former VP Sales, Columbia Aircraft) The excitement, such as it was, of the Columbia Aircraft bankruptcy auction is over. Now it's time to take a look at who were the winners and losers in the Columbia saga. (Tue, 04 Dec 2007 10:12:11 GMT)

Diocese of Davenport reaches bankruptcy agreement; $37 million to go to victims
UPDATED: A $37 million settlement reached between the Diocese of Davenport, its insurance companies and clergy sex abuse victims will pave the way for the diocese to emerge from bankruptcy, officials with the creditors committee and diocese announced today. (Tue, 04 Dec 2007 11:01:46 GMT)

Bankruptcy filings up from a year ago
Bankruptcy filings in northwest Ohio rose last month from a year ago but fell from the October figures, according to the U.S. Bankruptcy Court in Toledo. (Tue, 04 Dec 2007 11:06:08 GMT)

Delphi says it has support for bankruptcy plan
Delphi Corp. said Tuesday that it has reached an agreement with its unsecured creditors and shareholders on changes to its bankruptcy plan. (Tue, 04 Dec 2007 15:55:41 GMT)

Judge OKs Jays' bankruptcy plan, buyout
A $24.8 million deal that has a Pennsylvania-based pretzelmaker buying the Jays snack brand was approved in bankruptcy court today. (Tue, 04 Dec 2007 21:12:31 GMT)

Bankruptcy court OKs Jays sale
A U.S. Bankruptcy Court Judge Wednesday approved the $24.8 million sale of Jays Foods Inc. to a Pennsylvania snack food maker, rejecting a Chicago businessman's last-minute effort to assemble rival bid that would keep Jays South side plant open. (Tue, 04 Dec 2007 21:16:29 GMT)

Mid-Missouri Bankruptcy Center
I am in the process of going through a divorce, and if our house does not sell soon we are going to loose it to forclosure, if this happens should I try to go through bankruptcy at that time, seeing that my credit is ruined? (Tue, 04 Dec 2007 22:05:55 GMT)

Solutia's bankruptcy will go forward
Specialty chemicals maker Solutia Inc. said Tuesday that its exit from bankruptcy won't be delayed by a legal challenge by a group of bondholders who claim they're owed $73 million more than the company is paying them. (Wed, 05 Dec 2007 04:20:37 GMT)

Condo declares bankruptcy ahead of foreclosure sale
JACKSONVILLE BEACH - Serena Point LLC, the developer of a seven-story oceanfront condo on First Street North, declared bankruptcy one day before the bank had scheduled a foreclosure sale. (Wed, 05 Dec 2007 05:34:42 GMT)

Madison-based Barnhill's Buffet files for bankruptcy protection
Barnhill's Buffet Inc., a Madison-based company with 29 home-style restaurants throughout the South, has filed for Chapter 11 bankruptcy protection from its creditors and is being sold. (Wed, 05 Dec 2007 08:16:11 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, 05 Dec 2007 09:16:15 GMT)

Bankruptcy court OKs Snyder's deal for Jays
A $24.8 million deal that has a Pennsylvania-based pretzelmaker buying the Jays snack brand was approved in bankruptcy court Tuesday. Snyder's of Hanover bought Chicago-based Jays Foods Inc., which along with sister company, Select Snacks Inc., filed for Chapter 11 bankruptcy protection in October. (Wed, 05 Dec 2007 10:13:03 GMT)

Delphi reaches accord on bankruptcy plan
TROY, Mich. — Delphi Corp. said yesterday it reached a tentative agreement on changes to its bankruptcy-exit plan that would resolve creditor and shareholder objections. (Wed, 05 Dec 2007 10:21:20 GMT)

Dana Cleared on $2B Bankruptcy Exit Loan
A federal judge on Wednesday cleared the way for Dana Corp. to borrow up to $2 billion to finance its exit from bankruptcy by the end of January. (Wed, 05 Dec 2007 17:18:23 GMT)

Calpine Intends to Re-List on New York Stock Exchange Upon Emergence From Bankruptcy
SAN JOSE, Calif. and HOUSTON, Dec. 5 /PRNewswire-FirstCall/ -- Calpine ( Nachrichten ) Corporation (OTC Pink Sheets: CPNLQ) announced today that it has filed an application to list the common stock of the reorganized Calpine on the New York Stock Exchange ("NYSE") after the company's emergence from bankruptcy. (Wed, 05 Dec 2007 22:36:22 GMT)

US Senators: Bankruptcy Law Changes Could Help With Housing
WASHINGTON -(Dow Jones)- A top U.S. Senate Democrat said Wednesday that lawmakers need to alter bankruptcy laws to give troubled homeowners "more leverage" in dealing with lenders when reworking mortgage loans heading toward foreclosure. (Thu, 06 Dec 2007 00:11:30 GMT)

Trustee in McLean bankruptcy seeks 'Mother' Maybelle Carter's guitar, Bill Monroe's mandolin
A bankruptcy trustee wants a judge to decide the fate of "Mother" Maybelle Carter's Gibson L-5 guitar and Bill Monroe's mandolin after negotiations stalled over the future of some of country music's most treasured instruments. (Thu, 06 Dec 2007 01:08:56 GMT)

Dana clears key hurdle in bankruptcy
Dana Corp. creditors have approved the firm's bankruptcy-exit plan by a large majority, and financing was approved yesterday for the Toledo company to emerge from Chapter 11. (Thu, 06 Dec 2007 10:51:20 GMT)

Judge paves way for $2 billion Dana bankruptcy exit loan
NEW YORK - A federal judge on Wednesday cleared the way for Toledo, Ohio-based Dana Corp. to borrow up to $2 billion to finance its exit from bankruptcy by the end of January. (Thu, 06 Dec 2007 11:38:35 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, 06 Dec 2007 14:24:35 GMT)

NY mortgage lender Delta Financial to file bankruptcy
Delta Financial Corp , a New York mortgage lender, on Thursday said it plans to file soon for bankruptcy protection, as losses have mounted and an agreement to obtain outside financing has fallen apart. (Thu, 06 Dec 2007 15:14:30 GMT)

Dana Corp says Burns to remain CEO post-bankruptcy
BOSTON, Dec 6 - Car and truck parts maker Dana Corp said on Thursday that it expects current Chairman and Chief Executive Mike Burns to continue to serve as CEO after it emerges from bankruptcy proceedings, but another person would hold the chairmanship. (Thu, 06 Dec 2007 15:36:40 GMT)

NY mortgage lender Delta Financial to file bankruptcy
Delta Financial Corp , a Long Island-based mortgage lender, said on Thursday it plans to file soon for bankruptcy protection, after losses mounted and an agreement to obtain new financing fell apart. (Thu, 06 Dec 2007 15:58:50 GMT)

Delta Financial to File for Bankruptcy
Mortgage lender Delta Financial Corp. said Thursday it plans to file for bankruptcy protection after failing to package and sell $500 million in mortgages, which will preclude a planned financing deal. (Thu, 06 Dec 2007 16:30:51 GMT)

Sofa Express files for Chapter 11 bankruptcy
Sofa Express Inc., an Ohio-based furniture retailer with 41 stores, primarily in the South, has filed for Chapter 11 bankruptcy protection from its creditors and will close its three Nashville-area stores within 60 days. (Thu, 06 Dec 2007 20:23:57 GMT)

Mortgage Firm to File Bankruptcy
Delta Financial Corporation said Thursday that it planned to file soon for bankruptcy protection, after losses mounted and an agreement to obtain financing fell apart. (Fri, 07 Dec 2007 01:20:30 GMT)

Delta Financial to file for bankruptcy
Troubled subprime lender Delta Financial Corp. of Woodbury said yesterday it will file for bankruptcy protection, becoming the latest such lender to fall to the mounting mortgage crisis around Long Island and the United States. (Fri, 07 Dec 2007 03:19:59 GMT)

Sofa chain to close 41 stores amid bankruptcy proceeding
Sofa Express Inc. filed for Chapter 11 bankruptcy protection from its creditors Thursday in Nashville and will close its 41 remaining stores, including three in Middle Tennessee. (Fri, 07 Dec 2007 08:16:25 GMT)

Juries convict couple of bankruptcy fraud
Federal juries recently found a Gillette couple guilty of bankruptcy-related fraud crimes, according to a news release from the Wyoming U.S. Attorney's office. (Fri, 07 Dec 2007 09:13:57 GMT)

Dana's board to have 8 new faces after bankruptcy
When Dana Corp. emerges from Chapter 11 in the coming weeks, all but one of the nine directors who led the firm into bankruptcy will be out. New faces on the board will include a former Democratic presidential candidate. (Fri, 07 Dec 2007 10:21:09 GMT)

Sofa Express in bankruptcy
Sofa Express and More, which has six local stores, has filed for Chapter 11 bankruptcy protection, according to court records. (Fri, 07 Dec 2007 10:41:01 GMT)

Doctor facing malpractice lawsuits files for bankruptcy
A former West Virginia doctor facing more than 120 medical malpractice cases lists few assets and a pile of debt in a document filed as part of his bankruptcy proceedings in Alabama. (Fri, 07 Dec 2007 11:30:46 GMT)

Delphi can begin bankruptcy vote process
Delphi Corp. can begin soliciting votes for its plan to exit bankruptcy, the company's lawyer said on Friday, a major step toward letting the auto parts maker proceed with a restructuring that would shed thousands of jobs in plants across the country. Delphi attorney Jack Butler said bankruptcy judge Robert Drain verbally approved the order on Friday and that if all changes the judge requested ... (Fri, 07 Dec 2007 16:54:00 GMT)

Bankruptcy Judge Allows Lenders to Take Back Properties
U.S. Bankruptcy Judge Raymond Ray has allowed KeyBank and Bank of America to take back their properties in what may be another sign that famed builder Levitt and Sons 78-year run is done. (Fri, 07 Dec 2007 19:43:55 GMT)

Delphi Can Begin Bankruptcy Vote Process
Delphi Corp. can begin soliciting votes for its plan to exit bankruptcy, the company's lawyer said on Friday, a major step in letting the auto parts maker move forward with a restructuring that sheds thousands of jobs in plants across the country. (Fri, 07 Dec 2007 22:02:00 GMT)

Lawyer: Delphi can solicit votes on its bankruptcy reorganization
NEW YORK -- Delphi Corp. can begin soliciting votes for its plan to exit bankruptcy, the company's lawyer said on Friday, a major step in letting the auto parts maker move forward with... (Fri, 07 Dec 2007 22:28:36 GMT)

Delphi can begin bankruptcy vote process
Delphi Corp. can begin soliciting votes for its plan to exit bankruptcy, the company's lawyer said on Friday, a major step toward letting the auto parts maker proceed with a restructuring that would shed thousands of jobs in plants across the country. (Fri, 07 Dec 2007 22:57:07 GMT)

Levitz bankruptcy erects hurdles for customers
Some patrons of Levitz Furniture, which began closing all its stores earlier this week after declaring bankruptcy, say customer service has also gone belly up. (Sat, 08 Dec 2007 00:22:14 GMT)

Juries convict couple of bankruptcy fraud
Federal juries recently found a Gillette couple guilty of bankruptcy-related fraud crimes, according to a news release from the Wyoming U.S. Attorney's office. (Sat, 08 Dec 2007 09:13:32 GMT)

Bankruptcy fraud trial wraps up in federal court
Jurors deliberating over federal fraud charges against a Baldwin County couple will have to answer a basic question: Were inaccuracies and omissions on bankruptcy forms dishonest or mistaken? (Sat, 08 Dec 2007 10:34:10 GMT)

Delphi to Send Bankruptcy Plan to Creditors
Delphi Corporation can now begin sending a bankruptcy plan to creditors. According to Delphi's Attorney a judge approved the order on Friday and if all changes meet his requirements, the judge will enter an order on Monday. (Sat, 08 Dec 2007 20:00:42 GMT)

Mid-Missouri Bankruptcy Center
My husband and I are wanting to know what we need to do to file bankruptcy. And what it will cost. (Sat, 08 Dec 2007 22:05:57 GMT)

Lawyer: Delphi can being soliciting votes on bankruptcy plan
NEW YORK — Delphi Corp. can begin soliciting votes for its plan to exit bankruptcy, the company's lawyer said Friday, a major step toward letting the auto parts maker proceed with a restructuring that would shed thousands of jobs in plants throughout the country. (Sun, 09 Dec 2007 08:05:04 GMT)

Dana in home stretch of bankruptcy
TWENTY-ONE MONTHS after entering Chapter 11, Dana Corp. begins a crucial new phase in its bankruptcy case tomorrow in a federal courtroom in lower Manhattan. (Sun, 09 Dec 2007 09:51:09 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, 09 Dec 2007 10:38:12 GMT)

Delphi takes major step toward bankruptcy exit
Judge grants the troubled auto-parts maker approval to begin soliciting votes for its plan to escape bankruptcy; restructuring could eliminate 27,000 union jobs. (Sun, 09 Dec 2007 11:31:50 GMT)

Juries convict couple of bankruptcy fraud
Federal juries recently found a Gillette couple guilty of bankruptcy-related fraud crimes, according to a news release from the Wyoming U.S. Attorney's office. (Sun, 09 Dec 2007 12:12:02 GMT)

Judge to OK Delphi’s bankruptcy exit plan
NEW YORK — Delphi Corp. can begin soliciting votes from creditors for its plan to exit bankruptcy, a major step toward letting the auto parts maker proceed with a restructuring that would shed thousands of jobs in plants across the country. (Sun, 09 Dec 2007 12:50:54 GMT)

Report: Delphi Bankruptcy Exit Plan Could Be Approved Monday
(December 9, 2007) - - The Buffalo News is also reporting that Delphi's bankruptcy exit plan could be approved by a judge as early as Monday. (Sun, 09 Dec 2007 22:12:50 GMT)

Lucas Meeting Center files for bankruptcy
The Lucas Meeting & Event Center filed for Chapter 11 bankruptcy protection Nov. 27 -- 17 months after opening as the "Lucas School House" and hours before The Business Bank had scheduled a noon foreclosure sale on the concert and entertainment venue in the Soulard neighborhood. (Mon, 10 Dec 2007 05:00:35 GMT)

TransLand's involuntary bankruptcy case dismissed
MAITLAND -- Troubled mortgage lender TransLand Financial Services has agreed to pay back its creditors without going through further bankruptcy court proceedings. (Mon, 10 Dec 2007 05:01:05 GMT)

W.Va. Doctor Facing Malpractice Lawsuits Files for Bankruptcy
A former West Virginia doctor facing more than 120 medical malpractice cases lists few assets and a pile of debt in a document filed as part of his bankruptcy proceedings in Alabama. John King's a (Mon, 10 Dec 2007 06:05:38 GMT)

Nebraska ethanol plant files for bankruptcy
Citing construction delays and equipment failures, E3 BioFuels-Mead, LLC, a Nebraska ethanol plant, filed for Chapter 11 bankruptcy on Nov. 30. Richard Perrin, a professor of agricultural economics at the University of Nebraska-Lincoln, said the plant may need to be reorganized. (Mon, 10 Dec 2007 07:28:45 GMT)

Bankruptcy filing
This bankruptcy was filed Nov. 26 in U.S. District Court, Indianapolis, for the Southern District of Indiana. D-debt; A-assets. Chapter 7 (liquidation) (Mon, 10 Dec 2007 07:55:04 GMT)

County investment woes revive ghost of 1994 bankruptcy
It was the largest municipal bankruptcy in the nation's history. Thirteen years ago, Orange County politicians were busy telling the public that the county was bankrupt. (Mon, 10 Dec 2007 14:50:27 GMT)

Pope & Talbot Bankruptcy Loan Approved
Pulp and lumber producer Pope & Talbot Inc. has won court approval to borrow up to $89 million in bankruptcy financing as it works to sell off its assets by early next year. (Mon, 10 Dec 2007 18:51:43 GMT)

Dura Delays Hearing on Bankruptcy Plan
Auto-parts supplier Dura Automotive Systems Inc. is pushing back a court hearing on its reorganization plan so it can finish syndicating the $425 million in financing it needs to exit bankruptcy protection. (Mon, 10 Dec 2007 21:12:56 GMT)

Levitz, Sona Med Spa File For Bankruptcy
New York-based Levitz Furniture is closing 76 stores across the country. The company has filed for Chapter 11 bankruptcy. A Levitz spokesman told us they're meeting to discuss how to handle outstanding customer orders. Consumers who bought but haven't received furniture paid for by credit card may be able to dispute the charge. (Tue, 11 Dec 2007 02:52:05 GMT)

John Chezik's company files for bankruptcy
A company linked to longtime area car dealer John Chezik filed for Chapter 7 bankruptcy over the weekend, seven months after a jury socked it with an $8.4 million verdict. (Tue, 11 Dec 2007 04:37:18 GMT)

Home-building company files for bankruptcy
A veteran Lexington home builder is now a casualty of the sluggish housing market. Ralph Angelucci has filed for bankruptcy liquidation for his company, Ralph Angelucci Builder Inc. Angelucci, a Lexington native who has built houses for 37 years, agreed the housing market was a factor in his decision, but he declined further comment yesterday. He listed $1.17 million in debts and $746,141 in ... (Tue, 11 Dec 2007 08:20:54 GMT)

Barnhill's files for bankruptcy, Troy location remains open
Barnhill's Buffet Inc. has filed for bankruptcy, but the Troy store has no plans of closing-at least not now. "I don't think we're closing because we're doing real good," said Willy Caughlan, store manager for Barnhill's in Troy. (Tue, 11 Dec 2007 08:25:51 GMT)

Kessler Hospital appears fit to emerge from bankruptcy
HAMMONTON -- Kessler Memorial Hospital is set to emerge from bankruptcy this week, and fundraising efforts will continue for the medical facility. (Tue, 11 Dec 2007 09:19:40 GMT)

Baldwin couple found guilty in bankruptcy fraud case
A federal jury in Mobile found a Baldwin County couple guilty of bankruptcy fraud Monday, and a judge ordered the two jailed immediately. U.S. District Judge William Steele scheduled Michael Laird Hyatt, 50, and Pamela Lynn Ganey Hyatt, 48, to be sentenced in March. (Tue, 11 Dec 2007 10:34:10 GMT)

Hearing begins in N.Y. on Dana bankruptcy exit
Chief Executive Michael Burns was among witnesses who testified yesterday as a hearing on Dana Corp.’s bankruptcy-exit plan opened in U.S. Bankruptcy Court in New York. (Tue, 11 Dec 2007 10:51:08 GMT)

US House Lawmakers Reach Deal On Mortgage Bankruptcy Bill
WASHINGTON -(Dow Jones)- Several key U.S. House Judiciary Committee members have reached a deal on legislation that would give bankruptcy court judges more flexibility to alter the terms of certain mortgages, spokesmen for two lawmakers said Tuesday. (Tue, 11 Dec 2007 15:42:19 GMT)

Earth Biofuels bankruptcy petition dismissed
A petition for involuntary bankruptcy against Earth Biofuels Inc. was dismissed Monday by the U.S. Bankruptcy Court for the District of Delaware. (Tue, 11 Dec 2007 18:37:59 GMT)

Steelers' Ward Filed For Bankruptcy Over Locker Room Bar
Pittsburgh Steelers wide receiver Hines Ward filed for bankruptcy on behalf of the Locker Room Bar and Grille on Pittsburgh's South Side. (Tue, 11 Dec 2007 21:18:03 GMT)

Japan Corporate Bankruptcy Cases +20.2% In November
(RTTNews) - The number of corporate bankruptcy cases in Japan jumped by 20.2 percent in November, compared to the same period in 2006, according to data released Wednesday by Teikoku Databank Ltd - significantly higher than the 8.1 percent annual increase in October. (Wed, 12 Dec 2007 04:56:08 GMT)

Nina Reiser planned 'fresh start' with bankruptcy, lawyer testifies
Nina Reiser was planning to file for bankruptcy and wanted a "fresh start" with her finances just before she vanished last year, an attorney testified Tuesday in the murder trial of Reiser's estranged husband. But the mother of two never had the chance... (Wed, 12 Dec 2007 08:25:35 GMT)

Wife's bankruptcy would have c ost Reiser $75,0 0 0
Nina Reiser began looking into the possibility of filing for bankruptcy just a month before she disappeared over Labor Day weekend last year. (Wed, 12 Dec 2007 10:54:30 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, 12 Dec 2007 11:08:01 GMT)

Hines Ward's bar files for Chapter 11 bankruptcy protection
PITTSBURGH (AP) - A Pittsburgh bar partly owned by Steelers receiver Hines Ward has filed for Chapter 11 bankruptcy protection. Ward and 1 of the bar's co-owners were ordered by an Allegheny County judge last month to repay money withdrawn from bank accounts at the Locker Room Gar & Grille. (Wed, 12 Dec 2007 13:30:43 GMT)

Steelers' Ward Files For Bankruptcy For Bar
Steelers Wide Receiver Hines Ward has filed for bankruptcy on behalf of the South Side bar he co-owns. (Wed, 12 Dec 2007 13:39:06 GMT)

Bar owned by Steelers' Ward files for bankruptcy
A Pittsburgh bar partly owned by Steelers receiver Hines Ward has filed for Chapter 11 bankruptcy protection. (Wed, 12 Dec 2007 15:08:19 GMT)

Leaders in House back mortgage bankruptcy bill
Several key U.S. House Judiciary Committee members have reached a deal on legislation that would give bankruptcy judges more flexibility to alter the terms of some mortgages, (Wed, 12 Dec 2007 15:51:25 GMT)

Monitor Oil Defends US Bankruptcy Filing
London-based Monitor Oil PLC defended its choice to file for Chapter 11 protection in the United States, after a group of its bondholders asked the bankruptcy court to throw out the case so insolvency proceedings abroad can move forward. (Wed, 12 Dec 2007 19:45:55 GMT)

Bankruptcy For Pittsburgh's Locker Room; Hines Ward: 'Trusted Wrong People'
Pittsburgh Steelers wide receiver Hines Ward and business partner Kimberly Pitts have filed for Chapter 11 bankruptcy on behalf of The Locker Room Bar and Grille on Pittsburgh's South Side. (Wed, 12 Dec 2007 20:14:06 GMT)

House Panel Approves Bankruptcy Bill
Seeking to provide more aid to troubled borrowers, House lawmakers on Wednesday advanced legislation that would enable homeowners to shrink their mortgages in bankruptcy court. (Wed, 12 Dec 2007 22:19:09 GMT)

Bankruptcy Papers In Mackey’s Past Could Hinder His Appointment As Sheriff
CHARLOTTE, N.C. -- Even more questions are surfacing about Mecklenburg County Sheriff-Elect Nick Mackey and his past. Eyewitness News found court documents that show Mackey filed for Chapter 7 bankruptcy in October of 2005. It says his address was in Burlington, N.C., which is in Alamance County. (Wed, 12 Dec 2007 22:47:45 GMT)

Accidental Lawyer Enjoys Work From the Bankruptcy Bench
Since her appointment more than 10 years ago as a federal judge for the U.S. Bankruptcy Court for the Western District of Tennessee, Judge Jennie D.... (Thu, 13 Dec 2007 06:16:12 GMT)

Dana bankruptcy exit plan OK'd
NEW YORK -- A federal court on Wednesday confirmed Dana Corp.'s Chapter 11 reorganization plan, paving the way for the auto-parts supplier to emerge from bankruptcy by the end of January. (Thu, 13 Dec 2007 06:24:31 GMT)

Macks Creek writes check to end bankruptcy
Posted Wed., Dec. 12, 2007 Christmas was celebrated Saturday at Macks Creek's annual "Christmas on the Creek" event, but something else was, too. City officials marked the end of a ten-year ordeal in bankruptcy court with a final payment of $2,004.42. (Thu, 13 Dec 2007 08:30:07 GMT)

AU Developer Auran Files For Bankruptcy
All staff dismissed, Fury and Trainz live on. Australia, December 12, 2007 - In this breaking news, Australian developer Auran has just announced that it has filed for bankruptcy. (Thu, 13 Dec 2007 09:06:25 GMT)

Judge says he'll sign Dana bankruptcy exit plan
NEW YORK - Toledo's largest company is about to get approval to exit bankruptcy from a judge who called Dana Corp.'s plan "feasible, fair, and equitable." (Thu, 13 Dec 2007 11:06:29 GMT)

Dura postpones bankruptcy exit
Dura Automotive Systems Inc.announced today that it is postponing its exit from bankruptcy because of its inability to secure financing. (Thu, 13 Dec 2007 15:37:16 GMT)

Bankruptcy judge approves bid rules for Blackhawk Automotive sale
WASHINGTON -- A bankruptcy judge has given auto parts maker Blackhawk Automotive Plastics Inc. permission to put its business on the auction block. (Thu, 13 Dec 2007 19:51:36 GMT)

CANTON: Ethanol plant facing bankruptcy court
CANTON — Bankruptcy court is the next step for a Canton ethanol plant that has been more than five years in the making after advisers filed for Chapter 11 reorganization late today, an attorney overseeing the process confirmed. (Fri, 14 Dec 2007 04:17:06 GMT)

Hospitals file for Chapter 9 bankruptcy
The public health care district that owns hospitals in Sun City and Hemet began bankruptcy proceedings Thursday morning, a move that managers said would allow breathing room while seeking to reverse a flow of red ink. (Fri, 14 Dec 2007 04:35:01 GMT)

Atlas taking last step in bankruptcy case
Purchase-based Atlas Air Worldwide Holdings Inc. has begun distributing 214,541 shares of its stock to creditors, the last major step needed to close out the administration of its bankruptcy estate. (Fri, 14 Dec 2007 07:39:23 GMT)

Dura to delay exit from bankruptcy
The ailing credit market has posed a new challenge for another local auto supplier struggling to leave bankruptcy. Rochester Hills-based Dura Automotive Systems Inc. plans to delay its exit from Chapter 11 bankruptcy because the tight credit market has made it difficult to attract an exit loan. (Fri, 14 Dec 2007 08:17:36 GMT)

Tropicana's bankruptcy card
ATLANTIC CITY - The Tropicana Casino & Resort's parent said yesterday that it might file for bankruptcy protection to prevent defaulting on its loan after the casino was denied a new license Wednesday. (Fri, 14 Dec 2007 09:15:26 GMT)

Quebecor World bankruptcy threat grows
MONTREAL -- Quebecor World Inc. faces a growing threat of bankruptcy after the commercial printer's efforts to resolve its liquidity problems were thwarted with the cancellation of a plan to sell its European business, an industry observer said yesterday. (Fri, 14 Dec 2007 10:06:33 GMT)

County mulls eviction of bankruptcy court
GENEVA – The U.S. Bankruptcy Court might be kicked out of the Kane County Courthouse. (Fri, 14 Dec 2007 11:36:08 GMT)

Atlantic City's Tropicana fears bankruptcy after license denial
ATLANTIC CITY, N.J. - The parent company of The Tropicana Casino and Resort, an affiliate of Crestivew Hills-based Columbia Sussex, on Thursday said it may file for bankruptcy protection if it cannot quickly overturn the denial of its casino license or work out a deal with its lenders. (Fri, 14 Dec 2007 11:59:48 GMT)

Calpine aims to exit bankruptcy
WASHINGTON -- Calpine Corp., preparing for a court battle next week on how much the power company is worth, says 91 percent of its creditors voted in favor of its plan to exit bankruptcy protection. (Fri, 14 Dec 2007 12:05:32 GMT)

Bankruptcy judge rejects Mesa retrial
A federal bankruptcy judge in Honolulu has ruled that Mesa Air Group, parent company of go! airlines, will not get a new trial. (Fri, 14 Dec 2007 19:08:28 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, 14 Dec 2007 21:43:54 GMT)

County mulls eviction of bankruptcy court
GENEVA – The U.S. Bankruptcy Court might be kicked out of the Kane County Courthouse. (Sat, 15 Dec 2007 06:47:37 GMT)

Hospitals file for Chapter 9 bankruptcy
The public health care district that owns hospitals in Sun City and Hemet began bankruptcy proceedings Thursday morning, a move that managers said would allow breathing room while seeking to reverse a flow of red ink. (Sat, 15 Dec 2007 06:50:02 GMT)

Court stops S.F. civil engineer from declaring bankruptcy
Jimmy Jen, a civil engineer who has repeatedly violated San Francisco building codes over the years, lost his bid to declare bankruptcy Friday when a federal judge held that he could not use such a declaration to avoid payment of his debts. Deputy City... (Sat, 15 Dec 2007 08:29:12 GMT)

Canton ethanol plant facing bankruptcy court
CANTON, ILL. - Bankruptcy court is the next step for a Canton ethanol plant that has been more than five years in the making after advisers filed for Chapter 11 reorganization late Thursday, an attorney overseeing the process confirmed. (Sat, 15 Dec 2007 13:51:56 GMT)

Canton ethanol plant facing bankruptcy court
CANTON, ILL. - Bankruptcy court is the next step for a Canton ethanol plant that has been more than five years in the making after advisers filed for Chapter 11 reorganization late Thursday, an attorney overseeing the process confirmed. (Sat, 15 Dec 2007 14:36:56 GMT)

Bankruptcy judge recommends 6-month jail term for Robinson
Associated Press - December 15, 2007 2:14 PM ET LITTLE ROCK (AP) - A federal bankruptcy judge has recommended that former Congressman Tommy Robinson spend six months in jail for contempt of... (Sat, 15 Dec 2007 19:25:36 GMT)

Bankruptcy judge recommends 6-month jail term for Robinson
LITTLE ROCK (AP) - A federal bankruptcy judge has recommended that former Congressman Tommy Robinson spend six months in jail for contempt of court. (Sat, 15 Dec 2007 19:30:17 GMT)

Bankruptcy judge again recommends 6-month jail term for Robinson
LITTLE ROCK - A federal bankruptcy judge has recommended that former U.S. Rep. Tommy Robinson spend six months in jail for contempt of court. (Sat, 15 Dec 2007 20:46:52 GMT)

County mulls eviction of bankruptcy court
GENEVA – The U.S. Bankruptcy Court might be kicked out of the Kane County Courthouse. (Sun, 16 Dec 2007 06:32:13 GMT)

Tropicana denied license, mulls bankruptcy
The Tropicana Casino & Resort's parent said Thursday that it might file for bankruptcy protection to prevent defaulting on its loan the day after the casino was denied a new license. On Wednesday, a state-appointed trustee took over the operations of the (Sun, 16 Dec 2007 09:12:02 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, 16 Dec 2007 10:09:26 GMT)

Alternative to bankruptcy proves popular
Changes to the insolvency law, offering an alternative to bankruptcy, have proved popular in their first two weeks. The Insolvency Act 2006 came into effect on December 3, giving people with debts of up to $40,000 the chance to apply for a "no asset procedure", rather than go bankrupt. (Sun, 16 Dec 2007 22:53:30 GMT)

Rocklin builder files for bankruptcy
Nouveau Homes Inc., a small Rocklin-based builder that had been trying to market custom homes and a 51-home project in Lincoln, has filed for bankruptcy liquidation, but there doesn't appear to be much to distribute to the company's more than 100 creditors. (Mon, 17 Dec 2007 05:46:36 GMT)

Colorado bankruptcy numbers climb
Online furniture retailer Gately's filed for bankruptcy in 2007. (Mon, 17 Dec 2007 05:48:37 GMT)

S. Fla. homebuilder now in Chapter 7 bankruptcy
After continuing to be a no-show at its Chapter 11 involuntary bankruptcy proceedings that began last month, British American Homes now has been placed in Chapter 7 bankruptcy. (Mon, 17 Dec 2007 05:48:57 GMT)

Methane-powered ethanol plant company files bankruptcy
MEAD, Neb. (AP)--The company that built a patented closed-loop, methane-from-manure system to power its ethanol production has filed for bankruptcy protection. (Mon, 17 Dec 2007 06:24:55 GMT)

Macks Creek writes check to end bankruptcy
Posted Wed., Dec. 12, 2007 Christmas was celebrated Saturday at Macks Creek's annual "Christmas on the Creek" event, but something else was, too. City officials marked the end of a ten-year ordeal in bankruptcy court with a final payment of $2,004.42. (Mon, 17 Dec 2007 08:30:04 GMT)

County mulls eviction of bankruptcy court
GENEVA – The U.S. Bankruptcy Court might be kicked out of the Kane County Courthouse. (Mon, 17 Dec 2007 11:00:56 GMT)

Palestinian conference 'last hope' against bankruptcy: Rice
US Secretary of State Condoleezza Rice pledged Monday 555 million dollars (385 million euros) in immediate aid for the Palestinian government which she said was facing its last chance before bankruptcy. (Mon, 17 Dec 2007 15:52:41 GMT)

Delta Financial Files for Bankruptcy
Delta Financial Corp. filed its expected Chapter 11 bankruptcy Monday in Delaware, joining a group of failed mortgage lenders winding up their affairs under court protection. (Mon, 17 Dec 2007 20:31:13 GMT)

Park bankruptcy may cost Village Charters
Jeff Arensdorf thought his company was one of the few Wild West World investors that got paid. At least he thought that until late last week, when attorneys hit Village Charters with the largest preference case to date in Wild West World's bankruptcy. The bankruptcy estate wants the $100,000 that Village Charters got back from longtime customer Thomas Etheredge in April. Attorneys claim ... (Tue, 18 Dec 2007 07:03:53 GMT)

Medical services district braces for bankruptcy
Bankruptcy proceedings that began last week could include tough choices, both for creditors and for the three public hospitals that owe them more than $100 million, according to attorneys and managers who have fallen on opposite sides of similar bankruptcy cases. (Tue, 18 Dec 2007 07:34:41 GMT)

UPDATE 3-Australia's Lafayette moves to avoid bankruptcy
SYDNEY, Dec 18 (Reuters) - Australia-listed Lafayette Mining LAF.AX entered voluntary administration on Tuesday to avoid bankruptcy and give it time to obtain new capital or to sell its troubled Philippine mining business. (Tue, 18 Dec 2007 09:17:13 GMT)

Lafayette Mining moves to avoid bankruptcy
Australia-listed Lafayette Mining entered voluntary administration on Tuesday to avoid bankruptcy and give it time to obtain new capital or to sell its troubled Philippine mining business. (Tue, 18 Dec 2007 10:06:41 GMT)

Federal-Mogul to end 6-year stay in bankruptcy protection
SOUTHFIELD, Mich. -- Federal-Mogul Corp. will emerge from six years of bankruptcy protection on Dec. 27, the date its reorganization plan becomes effective, the auto parts supplier said... (Tue, 18 Dec 2007 13:07:31 GMT)

MoldEx to declare bankruptcy
According to an article in pnj.com by Louis Cooper, "A company that once employed hundreds of people in the Santa Rosa County Industrial Park is in the final stages of bankruptcy. (Tue, 18 Dec 2007 14:01:53 GMT)

Federal-Mogul to Emerge From Bankruptcy
Federal-Mogul Corp. will emerge from six years of bankruptcy protection on Dec. 27, the date its reorganization plan becomes effective, the auto parts supplier said Tuesday. (Tue, 18 Dec 2007 15:30:48 GMT)

Calpine trims bankruptcy plan
Calpine Corp. will lower its bankruptcy-exit financing package by $400 million to $7.6 billion, under a deal with its lenders that gives the power company an extra week to emerge from Chapter 11 and loosens some of the loan's financial covenants. (Tue, 18 Dec 2007 15:43:11 GMT)

Bankruptcy court approves sale of online wireless provider InPhonic
InPhonic Inc., an online seller of cell phones and wireless plans that filed for bankruptcy last month, has been sold to Philadelphia-based private equity firm Versa Capital Management. The sale was approved last week by the U.S. Bankruptcy Court for the District of Delaware. (Tue, 18 Dec 2007 20:02:57 GMT)

Federal-Mogul to Emerge From Bankruptcy
Federal-Mogul Corp. will emerge from six years of bankruptcy protection on Dec. 27, the date its reorganization plan becomes effective, the auto parts supplier said Tuesday. (Tue, 18 Dec 2007 20:12:50 GMT)

On-demand Video service MovieBeam shuts down to help resolve parent firm's bankruptcy
MovieBeam, an experiment in video-on-demand launched by The Walt Disney Co., has shut down as part of its new parent company's reorganization under Chapter 11 of the bankruptcy code. (Wed, 19 Dec 2007 00:32:36 GMT)

Jailed Lib Dem donor forced into bankruptcy
Michael Brown, the millionaire fund manager and Liberal Democrat donor sent to prison for perjury, has been forced into bankruptcy by his own lawyers. (Wed, 19 Dec 2007 00:40:05 GMT)

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