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Home > Bankruptcy News

Bankruptcy News Dec 2007

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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. (Wed, 19 Dec 2007 03:32:21 GMT)

Manufacturer Emerging from Bankruptcy
Federal-Mogul plans to emerge from bankruptcy by the end of December. (Wed, 19 Dec 2007 04:29:06 GMT)

Ashley Furniture store owner files for bankruptcy
The owner of an Ashley Furniture Home Store has filed for bankruptcy, but the furniture company likely will maintain a presence in Beaumont according to an attorney representing Bane Roberts LLC, the company that Ashley licensed to sell its products in the area. (Wed, 19 Dec 2007 05:11:19 GMT)

Mediation doesn't settle Pacific Lumber bankruptcy dispute
An attempt to settle the Pacific Lumber Co. bankruptcy through mediation has failed, sending the matter back into court Friday. A federal judge must eventually decide whether Charles Hurwitz's Maxxam Corp. or its creditors should control some 200,000 acres of... (Wed, 19 Dec 2007 06:05:44 GMT)

Pacific Lumber bankruptcy mediation ends without agreement
The Environmental Protection Information Center said mediation negotiations between Pacific Lumber Co. and its creditors have ended without any agreement for a plan for the company to emerge from bankruptcy. (Wed, 19 Dec 2007 06:11:57 GMT)

County mulls eviction of bankruptcy court
GENEVA – The U.S. Bankruptcy Court might be kicked out of the Kane County Courthouse. (Wed, 19 Dec 2007 06:24:38 GMT)

Today Spongemaker Files for Bankruptcy
The maker of the Today Sponge, once lampooned on "Seinfeld" when the contraceptive was pulled from stores, has filed for bankruptcy. (Wed, 19 Dec 2007 19:17:31 GMT)

Lionel Struggles to Exit Bankruptcy
Model train maker Lionel LLC has yet to line up financing to emerge from Chapter 11 protection, the latest company to have trouble exiting bankruptcy amid the credit crunch, CEO Jerry Calabrese said Wednesday. (Wed, 19 Dec 2007 22:06:33 GMT)

Calpine bankruptcy-exit plan gets court OK
Calpine Corp.'s plan to emerge from bankruptcy and reorganize was approved Wednesday by a federal court. (Wed, 19 Dec 2007 22:10:15 GMT)

Tropicana Nears Deal to Avoid Bankruptcy
Tropicana Casinos and Resorts is close to a deal with lenders that could help it avoid filing for bankruptcy, according to the trustee of the company's Atlantic City casinso. (Wed, 19 Dec 2007 22:25:18 GMT)

Today Sponge Maker Files for Bankruptcy
The maker of the Today Sponge, once lampooned on "Seinfeld" when the contraceptive disappeared from stores, has filed for bankruptcy. (Thu, 20 Dec 2007 00:36:33 GMT)

County mulls eviction of bankruptcy court
GENEVA – The U.S. Bankruptcy Court might be kicked out of the Kane County Courthouse. (Thu, 20 Dec 2007 06:20:37 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, 20 Dec 2007 09:17:33 GMT)

Trop nearing deal to avoid bankruptcy
ATLANTIC CITY: Tropicana Casinos and Resorts is close to a deal with its lenders that would prevent it from having to file for bankruptcy. The deal, which could be approved by debt holders today, is designed to avoid harming Tropicana's casinos in other states. The company recently lost a license to operate the Tropicana Casino and Resort in Atlantic City. (Thu, 20 Dec 2007 09:40:25 GMT)

"Today Sponge" maker files for bankruptcy
The Pennsylvania-based maker of women's health products and the Today Sponge, once lampooned on "Seinfeld" when the contraceptive was pulled from stores, has filed for bankruptcy. (Thu, 20 Dec 2007 09:41:25 GMT)

Calpine is poised to exit bankruptcy
Calpine, which filed the largest U.S. bankruptcy of 2005, won approval Wednesday for its plan to pay off creditors with new stock and emerge from federal court protection. (Thu, 20 Dec 2007 14:27:18 GMT)

Lenders Spare Tropicana From Bankruptcy
Debt holders approved a deal Thursday night that will prevent Tropicana Casinos and Resorts from having to file for bankruptcy, according to a spokesman for Tropicana and its parent companies. (Fri, 21 Dec 2007 02:12:20 GMT)

Lenders Approve Deal To Avert Tropicana Bankruptcy
Debt holders approve a deal Thursday night that will prevent Tropicana Casinos and Resorts from having to file for bankruptcy, according to a spokesman for Tropicana and its parent companies. (Fri, 21 Dec 2007 03:39:21 GMT)

W.R. Grace agrees to $34M bankruptcy deal
The U.S. Justice Department said W.R. Grace has agreed to a $34 million bankruptcy settlement for cleanup costs at 32 Superfund sites. (Fri, 21 Dec 2007 05:40:50 GMT)

Delphi keeps bankruptcy control
A federal judge on Thursday granted Delphi Corp. a three-month extension of its right to control its bankruptcy case, giving the auto-parts supplier more time to complete its reorganization plan. (Fri, 21 Dec 2007 06:04:37 GMT)

County mulls eviction of bankruptcy court
GENEVA – The U.S. Bankruptcy Court might be kicked out of the Kane County Courthouse. (Fri, 21 Dec 2007 07:04:23 GMT)

Lexington Hotel at Orlando CityPlace sold in bankruptcy court in a complex deal
The Lexington Hotel at Orlando CityPlace, downtown Orlando's first condo-hotel conversion project, was sold in bankruptcy court Thursday in a complex, multimillion-dollar deal. But the ultimate owner may still be waiting in the wings. (Fri, 21 Dec 2007 11:13:17 GMT)

Judge: Malpractice claims to proceed amid bankruptcy
Eight lawsuits alleging medical malpractice by a former West Virginia doctor can continue toward trial while he settles his debts in bankruptcy court, a judge has ordered. (Fri, 21 Dec 2007 11:30:48 GMT)

Delphi Can Keep Control Over Bankruptcy
NEW YORK -- A federal judge in New York has granted Delphi a three-month extension in its bankruptcy case to gives the auto parts maker more time to complete its reorganization plan. (Fri, 21 Dec 2007 12:32:37 GMT)

GEGQQ: Bankruptcy Court Approves Reorg., Expects to Emerge from Ch. 11 by 1/2008
Global Power Equipment Group (GEGQQ) announced that the United States Bankruptcy Court issued a decision confirming the company's Plan of Reorganization. Based on the Court's ruling, Global Power expects to emerge from chapter 11 by the end of January 2008. (Fri, 21 Dec 2007 13:43:21 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, 21 Dec 2007 14:25:35 GMT)

Rosetta Provides Update Regarding Calpine Bankruptcy
HOUSTON, Dec. 21, 2007 -- Rosetta Resources Inc. , an independent oil-and-gas company, today responded to Calpine's plan of reorganization which was confirmed by the Bankruptcy Court in New York on December 19, 2007. (Fri, 21 Dec 2007 21:37:11 GMT)

Brown & Cole emerges from bankruptcy
BELLINGHAM — Local grocer Brown & Cole and its 1,200 employees received an early Christmas present from the U.S. Bankruptcy Court: The company has officially emerged from Chapter 11 bankruptcy mostly intact. (Sat, 22 Dec 2007 08:03:02 GMT)

Lenders approve deal to avert Tropicana Casinos bankruptcy
ATLANTIC CITY, N.J. - Debt holders approved a deal Thursday night that will prevent Tropicana Casinos and Resorts from having to file for bankruptcy, according to a spokesman for Tropicana and its parent companies. (Sat, 22 Dec 2007 08:56:10 GMT)

RRSPs to get protection under new bankruptcy law
Bankruptcy could soon be less ruinous to your retirement, but be prepared for some public disgust if you abuse the generous and hurried rule changes. (Sat, 22 Dec 2007 10:01:34 GMT)

Calpine bankruptcy-exit plan gets court OK
Calpine Corp.'s plan to emerge from bankruptcy and reorganize was approved Wednesday by a federal court. (Sat, 22 Dec 2007 22:12:09 GMT)

MAXjet Airways ceases flights, files for bankruptcy
All-business class airline MAXjet Airways Inc. said Monday it had filed for bankruptcy and suspended all flights. (Mon, 24 Dec 2007 14:00:54 GMT)

Bankruptcy for business airline
Low-cost business class airline Maxjet ceases operating and files for Chapter 11 bankruptcy protection. (Mon, 24 Dec 2007 14:04:11 GMT)

Airline MAXjet Files for Bankruptcy
MAXjet Airways said Monday it had filed for bankruptcy, taking what the all-business class airline called a "drastic measure" because of soaring fuel prices and the deteriorating credit market. (Mon, 24 Dec 2007 14:24:00 GMT)

MAXjet ceases flights, files for Chapter 11 bankruptcy
All-business-class carrier MAXjet Airways halted all flights today and announced it that the company had filed for Chapter 11 bankruptcy, The Associated Press reports. At the time of its announcement, Virginia-based MAXjet offered nonstop service from London's Stansted Airport to... (Mon, 24 Dec 2007 14:31:00 GMT)

All-business class MAXjet declares bankruptcy after beating from fuel prices
LONDON - MAXjet Airways has filed for bankruptcy, taking what the all-business class airline called a "drastic measure" because of soaring fuel prices and the deteriorating credit market. (Mon, 24 Dec 2007 15:08:59 GMT)

Airline MAXjet Files for Bankruptcy
MAXjet Airways said Monday it had filed for bankruptcy, taking what the all-business class airline called a "drastic measure" because of soaring fuel prices and the deteriorating credit market. The bankruptcy forced MAXjet to reserve hotel rooms for... (Mon, 24 Dec 2007 15:20:03 GMT)

Airline MAXjet files for bankruptcy
MAXjet Airways ceased operations on Monday — leaving jets on tarmacs and stranding passengers on Christmas Eve — as the all-business class airline filed for bankruptcy protection. (Mon, 24 Dec 2007 15:33:12 GMT)

Maxjet Stops Flying, Files Bankruptcy
Maxjet Airways said it filed for bankruptcy protection, taking what it called a ?drastic measure? because of soaring fuel prices and the deteriorating credit market. (Mon, 24 Dec 2007 15:35:20 GMT)

All-business class MAXjet files for bankruptcy protection, ceases operations
MAXjet Airways ceased operations on Monday _ leaving jets on tarmacs and stranding passengers on Christmas Eve _ as the all-business class airline filed for bankruptcy protection. (Mon, 24 Dec 2007 15:38:01 GMT)

MAXjet Airways Files Chapter 11 Bankruptcy - Quick Facts
(RTTNews) - On Monday, MAXjet Airways said that it has filed Chapter 11 bankruptcy on 24 December. With today's fuel prices and the resulting impact on the credit climate for airlines, Airline is forced to take this drastic measure. (Mon, 24 Dec 2007 15:41:20 GMT)

Airline MAXjet Files for Bankruptcy
All-business class airline MAXjet Airways Inc. said Monday it had filed for bankruptcy and suspended all flights. In a message posted on the airline's Web site, president and chief executive William Stockbridge said the Dulles, Virginia-based airline had filed for Chapter 11 bankruptcy. (Mon, 24 Dec 2007 17:39:16 GMT)

Movie Gallery says it could emerge from bankruptcy by Q2
Movie Gallery Inc. said it could emerge from bankruptcy in the second quarter under a reorganization plan filed last week. (Mon, 24 Dec 2007 18:06:06 GMT)

Airline MAXjet files for bankruptcy
All-business class airline MAXjet Airways Inc. said Monday it had filed for bankruptcy and suspended all flights. (Mon, 24 Dec 2007 19:07:07 GMT)

Airline MAXjet files for bankruptcy
MAXjet Airways ceased operations on Monday — leaving jets on tarmacs and stranding passengers on Christmas Eve — as the all-business class airline said it would file for bankruptcy protection. (Mon, 24 Dec 2007 19:23:05 GMT)

Maxjet ceases operations, seeks bankruptcy
The move strands passengers on Christmas Eve. Airline offered all-business-class flights between London's Stansted airport and LAX, Las Vegas and New York. NEW YORK -- Maxjet Airways ceased operations today, leaving jets on tarmacs and stranding passengers on Christmas Eve, and said it would file for bankruptcy protection. (Mon, 24 Dec 2007 21:09:06 GMT)

Airline MAXjet files for bankruptcy
All-business-class airline MAXjet Airways has filed for bankruptcy and has suspended all flights. (Tue, 25 Dec 2007 00:22:51 GMT)

Local hearing aid center files bankruptcy
George A. Fint was among the startled clients of Family Hearing Aid Centers of Florida Inc. who discovered the office he patronized had closed and that the company filed for bankruptcy protection. (Tue, 25 Dec 2007 05:52:27 GMT)

Business-class MAXjet Airways files for bankruptcy
MAXjet Airways ceased operations on yesterday - leaving jets on tarmacs and stranding passengers on Christmas Eve - as the all-business class airline filed for bankruptcy protection. (Tue, 25 Dec 2007 07:35:38 GMT)

All business-class airline Maxjet declares bankruptcy
Maxjet, a two-year-old company that touted itself as the first low-fare business class airline, has declared bankruptcy due to rising fuel costs, its president said. (Tue, 25 Dec 2007 17:18:14 GMT)

MAXjet files for bankruptcy
Christmas travelers with tickets on MAXjet found themselves stranded Tuesday at airports across the United States and in England.The carrier, based at Dulles International Airport, filed for bankruptcy Monday and apologized to passengers, The Wall Street Journal reported.MAXjet worked out a contract with Eos Airlines to carry passengers between London's Stansted Airport and JFK in New York. It ... (Tue, 25 Dec 2007 22:31:11 GMT)

All-business airline MAXjet declares bankruptcy - high fuel costs
Washington - The all-business-class airline MAXjet has declared bankruptcy, citing in a statement posted on its website Tuesday the high cost of fuel. The transatlantic carrier stopped service in the middle of the high-price Christmas holidays, stran... (Wed, 26 Dec 2007 00:23:21 GMT)

Airline Declares Bankruptcy, Strands Holiday Travelers
(New York, NY) -- Virginia-based MAXjet Airways has shut down operations. The move left jets on tarmacs and passengers stranded on Christmas Eve. The business-class airline says it will file for bankruptcy protection. (Wed, 26 Dec 2007 01:01:37 GMT)

Personal bankruptcy filings soar
The number of southeast Michiganians declaring bankruptcy is skyrocketing. Through October, the number of Chapter 7 personal bankruptcies filed in Detroit's federal bankruptcy court jumped 63 percent compared with the first 10 months of last year. (Wed, 26 Dec 2007 06:19:12 GMT)

All-business class MAXjet files bankruptcy
NEW YORK - MAXjet Airways ceased operations on Monday - leaving jets on tarmacs and stranding passengers on Christmas Eve - as the all-business class airline said it would file for bankruptcy protection. (Wed, 26 Dec 2007 07:09:12 GMT)

MAXJet files for Chapter 11 bankruptcy protection
MAXJet Airways Inc , an all-business class airline, has filed for Chapter 11 bankruptcy protection from creditors after cancelling all flights earlier this week, according to court documents. (Wed, 26 Dec 2007 11:21:00 GMT)

MAXJet files for Chapter 11 bankruptcy protection
MAXJet Airways Inc , an all-business class airline, has filed for Chapter 11 bankruptcy protection from creditors after canceling all flights earlier this week, according to court documents. (Wed, 26 Dec 2007 11:23:04 GMT)

MAXJet files for Chapter 11 bankruptcy protection
NEW YORK (Reuters) - MAXJet Airways Inc (MAXJ.L), an all-business class airline, has filed for Chapter 11 bankruptcy protection from creditors after canceling all flights earlier this week,... (Wed, 26 Dec 2007 12:12:38 GMT)

Owner of Hollywood Video to exit bankruptcy
Movie Gallery Inc. has filed a reorganization plan with the U.S. Bankruptcy Court and hopes to complete the process by mid-2008. (Wed, 26 Dec 2007 16:36:41 GMT)

MAXjet files for bankruptcy
MAXjet Airways has ceased operations — leaving jets on tarmacs and stranding passengers over the holiday — as the all-business class airline said it would file for bankruptcy protection. (Wed, 26 Dec 2007 17:07:47 GMT)

Bankruptcy Court Confirms Dana's Plan of Reorganization
TOLEDO, Ohio, Dec. 26, 2007 -- Dana Corporation (BULLETIN BOARD: DCNAQ) announced today that Judge Burton R. Lifland of the U.S. Bankruptcy Court for the Southern District of New York has signed an order confirming the company's Plan of Reorganization. (Thu, 27 Dec 2007 07:05:33 GMT)

Bankruptcy settlement: Diocese to pay $13.6 million
The Diocese of Davenport will pay $13.6 million toward its $37 million proposed bankruptcy settlement, newly filed diocesan financial records show. (Thu, 27 Dec 2007 08:39:18 GMT)

Judge clears way for Dana to exit from bankruptcy
Toledo's Dana Corp. said yesterday that U.S. Bankruptcy Judge Burton Lifland has signed an order clearing the way for the auto-parts maker to emerge from bankruptcy next month. (Thu, 27 Dec 2007 10:18:31 GMT)

US Bankruptcy Court confirms Dana's plan of reorganization
Dana Corporation, a supplier of automobile parts, has announced that Judge Burton Lifland of the US Bankruptcy Court for the southern district of New York has signed an order confirming the companys plan of reorganization. (Thu, 27 Dec 2007 11:05:41 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, 27 Dec 2007 11:21:47 GMT)

Judge signs plan by Dana Corp. to emerge from bankruptcy
TOLEDO, Ohio (AP) — Dana Corp., a major auto parts supplier, said Wednesday a judge signed an order confirming a reorganization plan that would allow the company to emerge from bankruptcy. (Thu, 27 Dec 2007 12:08:26 GMT)

Judge approves Dana bankruptcy exit
Dana Corp., a maker of automotive frames and axles, said its Chapter 11 reorganization plan was approved by a bankruptcy judge, clearing the way for it to exit court protection next month, Bloomberg News reported today. (Thu, 27 Dec 2007 13:49:17 GMT)

Airline MAXjet Files for Bankruptcy
NEW YORK -- MAXjet Airways ceased operations on Monday _ leaving jets on tarmacs and stranding passengers on Christmas Eve _ as the all-business class airline said it would file for bankruptcy protection. (Thu, 27 Dec 2007 16:24:22 GMT)

Creditors ask bankruptcy court to throw out NYRA's Chapter 11 plan
WASHINGTON - Creditors of the New York Racing Association are urging a bankruptcy court not to confirm the ailing horse-racing organization's Chapter 11 plan. (Fri, 28 Dec 2007 02:44:06 GMT)

Bankruptcy settlement: Diocese to pay $13.6 million
The Diocese of Davenport will pay $13.6 million toward its $37 million proposed bankruptcy settlement, newly filed diocesan financial records show. (Fri, 28 Dec 2007 06:54:59 GMT)

Top local stories of 2007: (No. 4) Bankruptcy, sewer beset Los Osos
While the town’s services district struggles to emerge from federal bankruptcy protection, Los Osos will go through another year of wrangling over how to build a long-awaited sewer that has sharply divided the small coastal community. County public works leaders expect construction to start in 2010. Before that, they and a panel of volunteer experts and Los Osos residents need to look at the ... (Fri, 28 Dec 2007 08:11:32 GMT)

Dana poised to exit bankruptcy
As some of the world's largest auto suppliers try to work their way through bankruptcy, Toledo-based Dana Corp. is poised to be the next major supplier to exit Chapter 11. (Fri, 28 Dec 2007 08:33:52 GMT)

Mortgage service firm files for bankruptcy
Greenwich-based ARH Mortgage Inc., a provider of services to home lenders, filed to liquidate its assets under bankruptcy protection. (Fri, 28 Dec 2007 10:20:55 GMT)

Top 8 bankruptcy tips for '08
The housing crisis leads the way in bankruptcy despair, but being proactive can help ease the pain, says the Bankruptcy Adviser. (Fri, 28 Dec 2007 11:00:00 GMT)

Critics take aim at new bankruptcy law
Canada's updated federal bankruptcy law, hastily passed by the Senate in mid-December without comprehensive hearings, has raised the ire of some lawyers in the field who say it has serious flaws. (Fri, 28 Dec 2007 11:12:14 GMT)

Federal Mogul emerges from six years of bankruptcy protection
SOUTHFIELD, Mich. (AP) — Federal-Mogul Corp. emerged from six years of bankruptcy protection on Thursday, a spokeswoman for the auto parts supplier said. (Fri, 28 Dec 2007 14:20:03 GMT)

Real estate downturn forces furniture retailer into bankruptcy
Maryland furniture company Scan International Inc. has filed for Chapter 11 bankruptcy protection, citing declining revenue and an inability to borrow money. (Fri, 28 Dec 2007 15:54:51 GMT)

Harvey Electronics Files for Bankruptcy
High-end audio and video products retailer Harvey Electronics Inc. said Friday it filed a voluntary petition for Chapter 11 protection with the bankruptcy court for the Southern District of New York. (Fri, 28 Dec 2007 19:21:21 GMT)

Judge denies request for more bid details from Yucaipa - Interstate Bakeries seeking to exit bankruptcy after more ...
KANSAS CITY, Mo. (AP) - A federal bankruptcy judge has denied a request from Interstate Bakeries Corp. to force a key bidder and its union partner to provide additional details on an offer to buy the company. (Fri, 28 Dec 2007 22:19:55 GMT)

Aqua Zoo Closes Its Doors, Files For Bankruptcy
All three of the Aqua Zoo stores in Jacksonville have shut down and are out of business because of bankruptcy, according to signs posted on the business' doors. (Sat, 29 Dec 2007 02:06:01 GMT)

Bankruptcy predicted for homebuilders
Homebuilders, including Beazer Homes USA Inc., Hovnanian Enterprises Inc. and TOUSA Inc., might face bankruptcy in 2008 as U.S. house prices drop to levels not seen since 2002, said Alex Barron, an analyst for Agency Trading Group. (Sat, 29 Dec 2007 05:07:43 GMT)

AMS Health Sciences, Inc. Seeks Bankruptcy Protection, USA
AMS Health Sciences, Inc. (OTCBB: AMSI) today announced it has sought the protection of the U.S. Bankruptcy Court for the Western District of Oklahoma by filing a Chapter 11 petition for reorganization due to the verdict and subsequent judgment rendered against the Company in its November 2007 jury trial relating to the Company's 2005 acquisition of Heartland Cup, Inc. [click link for full ... (Sat, 29 Dec 2007 09:13:39 GMT)

Bankruptcy surge signals dark horizon
The number of Hawaii bankruptcies jumped this year, a sign Hawaii's slowing economy is starting to hit home, according to local experts. With only days left in the year, local bankruptcy filings already are up 44 percent compared with last year and are expected to increase in 2008. (Sat, 29 Dec 2007 12:12:20 GMT)

Bankruptcy filings up and expected to rise more in 08
HONOLULU (AP) - Hawaii bankruptcy cases have jumped over last year, a sign that cash-strapped residents and businesses are feeling the effects of the state's slowing economy. (Sun, 30 Dec 2007 01:54:21 GMT)

STANSTED AIRPORT: Stansted-based airline files for bankruptcy
STANSTED-based airline MAXjet has today filed for bankruptcy, it has emerged. In a statement issued on the airline's website, the company's president and chief executive officer, William Stockbridge, said it was "deep regret" that MAXjet had filed Chapter 11 bankruptcy. (Sun, 30 Dec 2007 04:10:03 GMT)

Bankruptcy less of an option under revised Chapter 7 rules
Filing for bankruptcy is no longer a solution for many Americans because of a 2005 change to federal law that made it harder to walk away from debt. (Sun, 30 Dec 2007 06:18:35 GMT)

Bankruptcy less of an option under revised Chapter 7 rules
Filing for bankruptcy is no longer a solution for many Americans because of a 2005 change to federal law that made it harder to walk away from debt. (Sun, 30 Dec 2007 08:02:59 GMT)

Bankruptcy filings up and expected to rise more in 08
HONOLULU (AP) _ Hawaii bankruptcy cases have jumped over last year, a sign that cash-strapped residents and businesses are feeling the effects of the state's slowing economy. (Sun, 30 Dec 2007 19:16:30 GMT)

Izatys resort closes, files for bankruptcy, may be sold
The owners of venerable Izatys resort on Mille Lacs Lake have filed for bankruptcy and hope to auction the property early next year, according to their lawyer and a recent filing in U.S. Bankruptcy Court in Minneapolis. (Sun, 30 Dec 2007 22:22:50 GMT)

Prima Charter's fortunes take a nose dive into bankruptcy
Shortly before Christmas, a court examined a bankruptcy motion concerning charter airline Prima Charter (PCh). (Mon, 31 Dec 2007 01:01:12 GMT)

IBC waits to see whether bid helps it rise from bankruptcy
Whether Interstate Bakeries Corp. awakens from its three-year bankruptcy slumber in 2008 is anyone's guess. (Mon, 31 Dec 2007 05:07:46 GMT)

Bankruptcy filings
These bankruptcies were filed Dec. 13-19 in U.S. District Court, Indianapolis, for the Southern District of Indiana. D-debt; A-assets. Chapter 7 (liquidation) (Mon, 31 Dec 2007 07:51:12 GMT)

Bankruptcy exit delayed
Any company trying to tap credit markets recently knows the feeling: Lenders suddenly more demanding and exerting greater leverage in negotiating loan terms. That means borrowers may have to alter deals to avoid a heavy debt burden. (Mon, 31 Dec 2007 10:40:56 GMT)

Judge denies request for more bid details from Yucaipa - Interstate Bakeries seeking to exit bankruptcy after more ...
KANSAS CITY, Mo. (AP) - A federal bankruptcy judge has denied a request from Interstate Bakeries Corp. to force a key bidder and its union partner to provide additional details on an offer to buy the company. (Mon, 31 Dec 2007 16:49:55 GMT)

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