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Home > Bankruptcy News

Bankruptcy News Jan 2008

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Delphi reports $231M loss in November amid bankruptcy proceeding
NEW YORK -- The auto-parts supplier Delphi Corp. reports a net loss of $231 million for November. The Troy, Michigan, company filed for bankruptcy protection in 2005. (Tue, 01 Jan 2008 04:20:15 GMT)

Delphi loses $231 million in November
Auto parts supplier, in bankruptcy protection, lost $2.78 billion in first 11 months of '07. (Tue, 01 Jan 2008 05:25:34 GMT)

Delphi reports loss as it moves into bankruptcy
Global auto-parts giant Delphi says its loss for November alone is $231 million but it aims to exit bankruptcy in the first quarter of the year. (Tue, 01 Jan 2008 05:32:46 GMT)

False claims of bankruptcy not new
Avoiding taxes by claiming bankruptcy protection is not a new phenomenon in Lake County. Avoiding taxes by claiming bankruptcy protection is not a new phenomenon in Lake County. (Tue, 01 Jan 2008 06:26:39 GMT)

Maker of contraceptive sponges files for bankruptcy
HARRISBURG, Pa. -- The maker of the Today Sponge, once lampooned on "Seinfeld" when the contraceptive disappeared from stores, has filed for bankruptcy. (Tue, 01 Jan 2008 07:14:01 GMT)

Mid-Missouri Bankruptcy Center
How is it possible to buy a home while in chapter 13 banruptsy. It may be possible to buy a home while in Chapter 13 bankruptcy; all you need are a willing lender and permission from the court. (Tue, 01 Jan 2008 07:20:57 GMT)

False claims of bankruptcy not new
Avoiding taxes by claiming bankruptcy protection is not a new phenomenon in Lake County. (Tue, 01 Jan 2008 07:23:13 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, 01 Jan 2008 23:07:51 GMT)

Low-cost bankruptcy scheme to be launched
SCOTLAND'S worst-off debtors are to be offered a cheap route into bankruptcy under a scheme announced today. (Wed, 02 Jan 2008 00:50:34 GMT)

Debtors get new route to bankruptcy
Scotland's worst-off debtors are to be offered a cheap route into bankruptcy under a new scheme. (Wed, 02 Jan 2008 08:59:54 GMT)

Bankruptcy looms for thousands of Brits
Bankruptcy is likely to strike 10,000 people a month in the coming year,according to one of Britain's top insolvency practices. (Wed, 02 Jan 2008 09:58:39 GMT)

Getting a loan after bankruptcy
Dear FSB: Unfortunately, I have a bankruptcy due to a divorce. Is it possible to obtain a business loan if I have re-established my credit score? (Wed, 02 Jan 2008 13:40:34 GMT)

US: Dana almost out of bankruptcy
A US bankruptcy court judge has signed an order confirming Dana's plan of reorganisation which, the supplier said, paves the way for its emergence from Chapter 11 reorganisation, expected this month after the closing of the company's $US2bn exit financing facility and the meeting of other conditions. (Wed, 02 Jan 2008 13:55:34 GMT)

Quebecor World races to avoid bankruptcy
Quebecor World Inc. has been handed what could be its last chance to avoid bankruptcy, but with two weeks to find a new source of money, the company warns it may not pull through. (Wed, 02 Jan 2008 15:16:07 GMT)

Ukraine's state-run energy firm near bankruptcy: prime minister
Ukraine's state energy company Naftogaz is on the verge of bankruptcy and a special commission will be formed to try to save the group, Prime Minister Yulia Tymoshenko said Wednesday, Interfax news agency reported. (Wed, 02 Jan 2008 19:02:17 GMT)

Oakwood Homes seeks bankruptcy protection
Oakwood Homes LLC, a residential and commercial builder in Georgia, is seeking bankruptcy protection from creditors. (Wed, 02 Jan 2008 20:30:07 GMT)

ACandS Nears Bankruptcy Exit
ACandS Inc., an insulation contractor that collapsed into bankruptcy with $3 billion in asbestos liability, has entered the final stage of its five-year-long Chapter 11 restructuring. (Wed, 02 Jan 2008 20:47:32 GMT)

Figure in Rowland scandal gets 5 more years in bankruptcy case
A contractor who said he gave former Gov. John Rowland expensive cigars and champagne in exchange for access to state business was sentenced Wednesday to another five years in prison for hiding personal assets from a bankruptcy court. (Wed, 02 Jan 2008 22:20:16 GMT)

Dura Auto Wins Bankruptcy Loan Extension
Dura Automotive Systems Inc. has won a one-month extension of loans that are financing its bankruptcy reorganization, but said it is looking for a deal that would provide it with financing until the end of June. (Wed, 02 Jan 2008 23:44:29 GMT)

Dura Automotive wins one-month extension on bankruptcy loans
Rochester Hills-based Dura Automotive Systems Inc. has won a one-month extension of loans that are financing its bankruptcy reorganization, but said it is looking for a deal that would provide it with financing until the end of June. (Thu, 03 Jan 2008 00:35:39 GMT)

Metro Briefing | CONNECTICUT: Hartford: Contractor Sentenced in Bankruptcy Fraud
A Simsbury electrical contractor who told investigators that he gave former Gov. John G. Rowland expensive cigars and Champagne in exchange for access to state business was sentenced on Wednesday to five years in prison for hiding personal assets from a bankruptcy court. The contractor, Kurt Claywell, was convicted in July of conspiracy to commit bankruptcy fraud for attempting to conceal more ... (Thu, 03 Jan 2008 06:49:07 GMT)

Southern Star in Bohemia files for bankruptcy
Southern Star Mortgage, a Bohemia-based lender, has filed for Chapter 11 bankruptcy. (Thu, 03 Jan 2008 11:13:09 GMT)

Bankruptcy filings jump in 2007
MOUNT VERNON — The number of bankruptcy filings in the district that includes Knox County jumped in 2007. (Thu, 03 Jan 2008 15:47:11 GMT)

Born Again After Bankruptcy
These lucky 13 stocks have been through the bankruptcy process and look like good buys. (Thu, 03 Jan 2008 22:04:05 GMT)

Digest: Personal bankruptcy filings rise 40% in 2007
FINANCESPersonal bankruptcy filings rise 40% in 2007U.S. personal bankruptcy filings jumped 40% in 2007 due to rising mortgage payments, job losses and other financial pressures. The increase followed a sharp decline from a ye... (Fri, 04 Jan 2008 04:36:00 GMT)

Bankruptcy filings up 40% in 2007
WASHINGTON -- U.S. personal bankruptcy filings jumped 40 percent in 2007 due to rising mortgage payments, job losses and other financial pressures. (Fri, 04 Jan 2008 06:25:20 GMT)

I'm drowning in debt. Should I seek bankruptcy or try credit counseling?
So you have a debt problem. Should you seek the advice of a credit counselor to negotiate more affordable payment arrangements with creditors, or just throw in the towel and declare bankruptcy? The former path is more difficult, but the latter choice may affect your credit rating for 10 years. (Fri, 04 Jan 2008 07:51:44 GMT)

Bankruptcy pendulum swings back
WASHINGTON -- U.S. personal bankruptcy filings jumped 40 percent nationwide in 2007 because of rising mortgage payments, job losses and other financial pressures, with filings in Ohio rising higher at 43 percent. (Fri, 04 Jan 2008 08:40:27 GMT)

Bankruptcy filings up 40% in 2007
Personal bankruptcy filings jumped 40 percent in 2007. (Fri, 04 Jan 2008 08:42:00 GMT)

2007 bankruptcy filings jump as mortgage, debt crises grow
WASHINGTON -- U.S. personal bankruptcy filings jumped 40 percent in 2007 because of rising mortgage payments, job losses and other financial pressures. (Fri, 04 Jan 2008 11:25:55 GMT)

Columbus auto dealer seeks bankruptcy
COLUMBUS, Ind. -- The attorney for a now-shuttered Columbus auto dealership has told a bankruptcy judge that the business has no assets and plans to file for Chapter 7 liquidation. (Fri, 04 Jan 2008 12:31:02 GMT)

Bankruptcy filings up 40% last year
Personal bankruptcy filings in the U.S. rose almost 40 percent during 2007 as consumers struggled to manage rising credit card debt and the home mortgage loan crisis drove many to seek court protection from creditors. (Fri, 04 Jan 2008 12:41:09 GMT)

US: Bootie Beer files for bankruptcy
Bootie Beer Co. has filed a voluntary petition under the provisions of Chapter 7 of the US Bankruptcy Code in a Florida court. (Fri, 04 Jan 2008 15:36:52 GMT)

CEO says Federal-Mogul is in good shape post-bankruptcy
SOUTHFIELD, Mich. -- Federal-Mogul Corp. emerges from six years of bankruptcy protection with strong finances, a good product mix and the support of billionaire investor Carl Icahn, the... (Fri, 04 Jan 2008 18:50:15 GMT)

Post-bankruptcy Federal-Mogul in good shape, chief says
SOUTHFIELD -- Federal-Mogul Corp. emerges from six years of bankruptcy protection with strong finances, a good product mix and the support of billionaire investor Carl Icahn, the auto supplier's chief executive said today. (Fri, 04 Jan 2008 19:04:17 GMT)

Mid-Missouri Bankruptcy Center
The information contained in this website is based on the general application of bankruptcy law. Although bankruptcy law is controlled by Congress, it is not interpreted and applied the same way in every jurisdiction. (Fri, 04 Jan 2008 20:20:54 GMT)

Columbus auto dealership seeks bankruptcy liquidation
COLUMBUS, Ind. — The attorney for a now-shuttered Columbus auto dealership has told a bankruptcy judge that the business has no assets and plans to file for Chapter 7 liquidation. (Fri, 04 Jan 2008 20:36:54 GMT)

H&H Meat Files For Bankruptcy
The Rio Grande Valley's longt-time meat Distribution company H&H Foods has filed for bankruptcy. Documents filed in a federal bankruptcy court in McAllen show that the company is more than $9 million in debt. (Fri, 04 Jan 2008 23:38:22 GMT)

Mercedes' H&H Foods files for bankruptcy
MERCEDES - H&H Foods, owned by the powerful Hinojosa family and once one of the largest Valley-owned businesses, filed for a chapter 11 bankruptcy this week in Texas' Southern District Court. (Sat, 05 Jan 2008 00:57:01 GMT)

Mercedes' H&H Foods files for bankruptcy
MERCEDES — Lawyers for H&H Foods, one of the Rio Grande Valley’s largest private employers, are scheduled to head to federal bankruptcy court Monday after the company filed for a Chapter 11 reorganization earlier this week. (Sat, 05 Jan 2008 03:05:08 GMT)

DHHL developer declares bankruptcy
The owners of a financially troubled contracting firm that stopped work on about 130 homes for the state Department of Hawaiian Home Lands have filed personal bankruptcy, leaving dozens of families in limbo as to when their homes will be completed. (Sat, 05 Jan 2008 11:53:41 GMT)

US consumer bankruptcy filings rose 40% in 2007
WASHINGTON - Consumer bankruptcy filings rose 40 percent in 2007 as housing-market turmoil and increasing consumer debt levels led more people to seek protection from creditors, The Wall Street Journal reported Friday. (Sat, 05 Jan 2008 12:02:10 GMT)

H&H Foods files for bankruptcy
MERCEDES — H&H Foods, one of the Valley’s largest private employers, has filed a Chapter 11 petition in bankruptcy court as the financial structure of the meatpacking company is reorganized. (Sat, 05 Jan 2008 17:37:36 GMT)

Ethanol firm's bankruptcy demonstrates volatility of market
A Shawnee-based ethanol producer's recent bankruptcy filing comes as further evidence that the honeymoon is over for the ethanol industry. (Mon, 07 Jan 2008 05:08:51 GMT)

Another bankruptcy sheds light on Twinkie maker
A similar bankruptcy case may give Interstate Bakeries Corp. some ammunition against private investment fund Yucaipa Cos. LLC as the union-friendly investor tries to firm up an offer for bankrupt IBC. (Mon, 07 Jan 2008 05:09:03 GMT)

Bankruptcy filings
These bankruptcies were filed Dec. 20-Jan. 2 in U.S. District Court, Indianapolis, for the Southern District of Indiana. D-debt; A-assets. (Mon, 07 Jan 2008 07:52:30 GMT)

Bankruptcy overhaul sought
In 2005, Congress passed a new law aimed at making it harder for people to file for bankruptcy and walk away from their debts. With the tougher requirements, the number of bankruptcies declined in 2006 but surged by nearly 40 percent in 2007, according to statistics released Thursday. And experts predict the numbers will go higher this year. (Mon, 07 Jan 2008 08:02:54 GMT)

Bankruptcy law comes under attack
By ROB HOTAKAINEN In 2005, Congress passed a law aimed at making it harder for people to file for bankruptcy and walk away from their debts. With the tougher requirements, the number of bankruptcies declined in 2006 but surged by nearly 40 percent in 2007, according to statistics released Thursday. Leading Democrats on Capitol Hill are proposing to roll back the landmark bankruptcy law. As the ... (Mon, 07 Jan 2008 11:16:07 GMT)

Counseling Agency to Hire New Managers, Counselors to Help Americans Seeking Solutions to Foreclosure, Bankruptcy
Consumer Credit Counseling Service of Greater Atlanta is seeking to hire approximately 130 new managers, counselors and customer service representatives, in part to increase its counseling services to tens of thousands of Americans nationwide seeking to save their homes and avoid foreclosure. (Mon, 07 Jan 2008 13:00:00 GMT)

Hahn & Hessen Selected as Counsel to Creditors' Committee in Delta Financial Corp. Bankruptcy Case
Hahn & Hessen LLP has been selected as counsel to the Official Committee of Unsecured Creditors in the Chapter 11 case of Delta Financial Corp. filed in Delaware Bankruptcy Court on December 17, 2007. (Mon, 07 Jan 2008 14:07:00 GMT)

Hawaiian Homes project developer declares bankruptcy
HONOLULU (AP) _ The developer of a Hawaiian Home Lands project on the Big Island has declared bankruptcy, a few weeks after abandoning construction because of rising costs. (Mon, 07 Jan 2008 15:46:50 GMT)

Fig files for Chapter 11 bankruptcy protection
Fig., a Maryland Heights-based company that provided fat-dissolving injections, on Monday filed for Chapter 11 bankruptcy protection. In December, the company shuttered 17 of its 18 clinics, leaving 500 people without jobs nationwide. (Mon, 07 Jan 2008 22:45:58 GMT)

Fig files for bankruptcy
Go Fig Inc., a Maryland Heights-based company that provided fat-dissolving injections, filed for Chapter 11 bankruptcy on Monday, a month after shuttering 17 clinics and leaving 500 people without jobs nationwide. (Tue, 08 Jan 2008 04:31:38 GMT)

Change in bankruptcy laws pondered amid home mortgage meltdown
WASHINGTON | After being hooked with ill-advised subprime loans on their homes, many thousands of Americans could end up gaffed in bankruptcy courts next year. (Tue, 08 Jan 2008 05:04:40 GMT)

Know your rights in bankruptcy
Collectors sometimes come calling even after debt is discharged, says the Bankruptcy Adviser. (Tue, 08 Jan 2008 11:00:00 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, 08 Jan 2008 15:23:42 GMT)

Bankruptcy Filings Rise In S.C. During 2007
CHARLESTON, S.C. -- The number of bankruptcy filings rose about 18 percent in South Carolina last year, partly because of troubled real estate and mortgage markets. (Tue, 08 Jan 2008 15:44:41 GMT)

Countrywide Financial slides on bankruptcy rumors
Countrywide Financial Corp shares slid as much as 19.9 percent to their lowest level in nearly eight years on what traders called speculation that the largest U.S. mortgage lender might seek bankruptcy protection. (Tue, 08 Jan 2008 17:42:22 GMT)

Countrywide rejects bankruptcy rumor
Countrywide Financial Corp , the largest U.S. mortgage lender, on Tuesday rejected market speculation that it was planning to file for bankruptcy protection. (Tue, 08 Jan 2008 18:11:32 GMT)

Countrywide Financial denies bankruptcy rumors
Countrywide Financial Corp on Tuesday denied market speculation it might seek bankruptcy protection, after shares of the largest U.S. mortgage lender slid to their lowest level in nearly eight years. (Tue, 08 Jan 2008 18:35:05 GMT)

Countrywide denies bankruptcy rumors
Shares of Countrywide Financial Corp., the nation's largest mortgage lender, partially recovered from a midday plunge Tuesday after the company denied rumors that it was planning to file for bankruptcy protection. (Tue, 08 Jan 2008 19:20:44 GMT)

Countrywide denies bankruptcy rumors
Countrywide Financial Corp. Tuesday said it was not filing for bankruptcy amid speculation that the U.S. mortgage lender needs billions of dollars to survive. (Tue, 08 Jan 2008 22:10:43 GMT)

Asia-Pacific Bond Risk Rises on Countrywide Bankruptcy Concerns
Jan. 9 (Bloomberg) -- The risk of companies and governments in the Asia-Pacific region defaulting on their debt rose for a fifth day on concerns Countrywide Financial Corp., the largest U.S. mortgage lender, will file for bankruptcy. (Wed, 09 Jan 2008 03:09:50 GMT)

Countrywide Denies Rumors of Bankruptcy
Shares of the Countrywide Financial Corporation plunged 28.4 percent after it denied rumors that it was planning to file for bankruptcy protection. (Wed, 09 Jan 2008 05:06:25 GMT)

Lipodissolve provider files for bankruptcy
Fig, a St. Louis-based company that provided Lipodissolve treatments in Overland Park and cities around the country, filed for Chapter 11 bankruptcy protection Monday. (Wed, 09 Jan 2008 05:15:01 GMT)

Talk of Countrywide's bankruptcy slumps Wall Street
New York, Jan 9 (Xinhua) Wall Street plummeted amid rumours that the nation's largest home loan lender Countrywide Financial Corporation was planning to file for bankruptcy protection. (Wed, 09 Jan 2008 10:32:56 GMT)

Countrywide shares walloped despite bankruptcy denial
Shares of Countrywide Financial, the nation's largest mortgage lender, plunged Tuesday after the company denied rumors that it was planning to file for bankruptcy protection. (Wed, 09 Jan 2008 14:14:41 GMT)

Delphi Begins Bankruptcy Financing Talks
Delphi Corp. said Wednesday it plans to begin talks this week with potential lenders for a $6.1 billion loan to help the auto-parts supplier exit bankruptcy. (Wed, 09 Jan 2008 17:03:39 GMT)

Bankruptcy for Axium Payroll Services
Axium International Inc., the entertainment industry's third-largest payroll services and accounting firm, filed for liquidation bankruptcy and shuttered its offices in Los Angeles, New York, Toronto and London. (Wed, 09 Jan 2008 20:34:34 GMT)

Countrywide Denies Rumors of Bankruptcy
Shares of the Countrywide Financial Corporation plunged 28.4 percent after it denied rumors that it was planning to file for bankruptcy protection. (Thu, 10 Jan 2008 04:40:26 GMT)

Lehman's bid for Asarco bankruptcy pay opposed
WASHINGTON — Hedge fund Harbinger Capital Partners is trying to shoot down Lehman Brothers Holdings Inc.'s bid to get paid in Tucson-based Asarco LLC's bankruptcy case, the latest instance in which Lehman's work for the mining company has come under fire. (Thu, 10 Jan 2008 07:09:22 GMT)

Companies file bankruptcy petition against C.W. Mining
Two companies from Utah and one from Kansas have filed a petition to try to force into bankruptcy court the mining company owned by the polygamous Kingston clan. (Thu, 10 Jan 2008 08:08:14 GMT)

Bankruptcy fears deepen at lender
Countrywide discloses rising delinquencies and foreclosures. Its stock falls to $5.12 as investors continue to flee. Countrywide Financial Corp.'s future was called into question again Wednesday after it reported another rise in loan delinquencies and foreclosures, fueling fresh speculation that the company was headed toward bankruptcy. (Thu, 10 Jan 2008 08:14:17 GMT)

Film industry payroll firm files bankruptcy petition
los angeles–A top Hollywood payroll services company filed a liquidation bankruptcy action yesterday, a day after it sent its employees home and told them not to come back to offices in Los Angeles, New York, Toronto and London. (Thu, 10 Jan 2008 09:32:48 GMT)

Mid-Missouri Bankruptcy Center
Me and my wife discharged on a bankruptcy in June of 2006. We still have not been able to pay our student loans and they have finally caught up with us. We made arrangemnts with my wife student loans to pay them something each month. (Thu, 10 Jan 2008 11:05:54 GMT)

USEY: Files Chapter 11 Bankruptcy
U.S. Energy Systems, Inc. (USEY) announced that it has filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the Southern District of New York ("the Court"). (Thu, 10 Jan 2008 14:11:51 GMT)

Twinkie-maker bankruptcy plan may go sour
WASHINGTON -- Interstate Bakeries Corp., maker of Twinkies, Wonder bread and Hostess cupcakes, has lost control over its three-year-old Chapter 11 case in a move that could complicate the company's effort to end its bankruptcy. (Thu, 10 Jan 2008 22:34:12 GMT)

Bankruptcy threat to Irvine just tip of iceberg
Thousands of owners from all over Britain have been shocked by the realisation that they could suffer the same fate as David Irvine, the Scot who faces possible bankruptcy after his horse kicked out and caused severe injury in the paddock. (Fri, 11 Jan 2008 00:15:04 GMT)

Biggest US mortgage lender in sale talks after bankruptcy fears
Countrywide Financial, America's biggest mortgage lender, is in advanced negotiations to sell itself to Bank of America in a deal that could rescue its crippled business from the brink of bankruptcy (Fri, 11 Jan 2008 01:12:50 GMT)

Personal Bankruptcy Filings Rise 40%
Personal bankruptcy filings in the United States jumped 40 percent in 2007 because of rising mortgage payments, job losses and other financial pressures. (Fri, 11 Jan 2008 01:37:50 GMT)

Mid-Missouri Bankruptcy Center
I am wanting to know a few things. #1 what is the difference between Bankruptcy and Chapter 11. #2 Would Bankrupcy cover hospital bills? #3 What can you tell me about the effects this will have against getting a home loan? And Finally How much does it cost and how long does it stay on you record ? (Fri, 11 Jan 2008 08:54:20 GMT)

Bankruptcy fear over riding school
Vienna's renowned Spanish Riding School, famed for its white Lipizzaner stallions, is on the verge of bankruptcy, according to officials. (Fri, 11 Jan 2008 13:52:30 GMT)

Vienna's renowned Spanish Riding School on verge of bankruptcy, officials warn
VIENNA, Austria (AP) -- Vienna's renowned Spanish Riding School -- famed for its white Lipizzaner stallions and their elegant strutting and sprightly dancing -- is on the verge of bankruptcy, officials warned Friday. (Fri, 11 Jan 2008 15:28:13 GMT)

Bob Lewis Volkswagen files for bankruptcy
Bob Lewis Volkswagen, which six years ago was the largest new-vehicle dealer in Silicon Valley and at one time was the top Volkswagen dealer in the U.S., has filed for Chapter 11 bankruptcy. (Fri, 11 Jan 2008 21:42:49 GMT)

Vienna's renowned Spanish Riding School on verge of bankruptcy
VIENNA, Austria (AP) - The elegant strutting of the famous white Lipizzaner stallions may be threatened by a money crunch. Officials say Vienna's renowned Spanish Riding School is on the verge of bankruptcy. (Fri, 11 Jan 2008 21:58:10 GMT)

Senator's company files for bankruptcy
PROVIDENCE — State Sen. Leo R. Blais’ business has filed for protection from its creditors in U.S. Bankruptcy Court, an effort by the Coventry Republican to save the pharmacy and health-care company he started from scratch nearly three decades ago. (Sat, 12 Jan 2008 03:37:22 GMT)

Bankruptcy May Corral Famed Riding School
Vienna's renowned Spanish Riding School - famed for its white Lipizzaner stallions and their elegant strutting and sprightly dancing - is on the verge of bankruptcy, officials warned Friday. (Sat, 12 Jan 2008 05:25:21 GMT)

Billings woman sentenced to 5 years in bankruptcy scheme
BILLINGS (AP) — A Billings woman accused of stealing $300,000 from her elderly mother and filing for bankruptcy to thwart her mother’s collection efforts was sentenced Friday to five years in prison. (Sat, 12 Jan 2008 07:39:02 GMT)

Woman gets 5 years in bankruptcy fraud
A Billings woman who admitted to stealing $300,000 from her elderly mother in a bankruptcy fraud scheme will serve the maximum five years in federal prison. (Sat, 12 Jan 2008 07:59:25 GMT)

South Florida bankruptcy filings up 68 percent
In another sign of dismal economic times, South Florida bankruptcy filings soared 68 percent last year, as the deteriorating housing market added to borrowers' troubles. (Sat, 12 Jan 2008 08:23:22 GMT)

World-famous riding school on verge of bankruptcy
VIENNA, Austria (AP) — Vienna’s renowned Spanish Riding School — famed for its white Lipizzaner stallions and their elegant strutting and sprightly dancing — is on the verge of bankruptcy, officials warned today. (Sat, 12 Jan 2008 10:34:07 GMT)

A Viable Alternative to Bankruptcy
(ARA) - If you're carrying thousands of dollars in credit card debt, struggling to pay the rent every month and getting calls from collections agencies, you might be considering bankruptcy. Yet for almost all circumstances, a good financial advisor will tell you that's the last thing you should do. (Sat, 12 Jan 2008 11:56:30 GMT)

Woman gets 5 years in bankruptcy fraud
A Billings woman who admitted to stealing $300,000 from her elderly mother in a bankruptcy fraud scheme will serve the maximum five years in federal prison. (Sat, 12 Jan 2008 20:26:57 GMT)

Vienna's Renowned Spanish Riding School On Verge Of Bankruptcy
The elegant strutting of the famous white Lipizzaner stallions may be threatened by a money crunch. Officials say Vienna's renowned Spanish Riding School is on the verge of bankruptcy. (Sat, 12 Jan 2008 21:24:33 GMT)

Bankruptcy filings up but remain below previous levels
Associated Press - January 12, 2008 8:15 PM ET OKLAHOMA CITY (AP) - Bankruptcy filings jumped 31.2% in Oklahoma last year, and observers believe a faltering economy and heavy debt could push... (Sun, 13 Jan 2008 01:30:31 GMT)

South Florida bankruptcy filings up 68 percent
In the nine counties that file in the bankruptcy court's Southern District of Florida, bankruptcies swelled to 11,753 in 2007, up from 6,999 in 2006. The district stretches from Lake Placid to Vero Beach and south to Key West. (Sun, 13 Jan 2008 18:56:00 GMT)

Roseville firm hit with bankruptcy action by former employees
A Roseville direct mail marketing company that once promoted Disney-Pixar's film "Cars" has hit the skids, with a nasty round of legal battles -- including allegations of not paying employees and an involuntary bankruptcy petition. (Mon, 14 Jan 2008 06:04:12 GMT)

Personal Bankruptcy Filings Rise 40%
Personal bankruptcy filings in the United States jumped 40 percent in 2007 because of rising mortgage payments, job losses and other financial pressures. (Mon, 14 Jan 2008 07:01:33 GMT)

Bankruptcy filings
This bankruptcy was filed Jan. 8 in U.S. District Court, Indianapolis, for the Southern District of Indiana. D-debt; A-assets. Chapter 7 (liquidation) (Mon, 14 Jan 2008 07:45:54 GMT)

Bank of America to Buy Countrywide for $4B in Stock
Bank of America has agreed to buy troubled Countrywide Financial Corp. for $4 billion, rescuing the nation's largest mortgage lender from possible bankruptcy and adding to a financial industry shakeout that has rattled global markets. (Mon, 14 Jan 2008 09:30:16 GMT)

Bankruptcy filings increase
PORTLAND, Maine (AP) — The number of personal bankruptcy filings in Maine is growing, adding to concerns about Mainers' debt and the state's economy. (Mon, 14 Jan 2008 11:07:47 GMT)

CPEhr Comes to the Rescue of Production Companies and Studios After Payroll Company Files Bankruptcy
A recent bankruptcy filing in the entertainment industry has caused havoc for the payroll processing of numerous production companies and studios. (Mon, 14 Jan 2008 13:30:00 GMT)

(AFX UK Focus) 2008-01-14 15:20 GMT: Friedman Billings Ramsey's mortgage unit files for bankruptcy; shares plunge
NEW YORK (Thomson Financial) - Shares of Friedman Billings Ramsey Group Inc. fell Monday after the company said that First NLC, its mortgage origination unit, was filing for bankruptcy as a result of deterioration in the non-prime market. (Mon, 14 Jan 2008 15:23:47 GMT)

FBR's Mortgage Lender to Liquidate
Friedman Billings Ramsey Group Inc.'s mortgage lending arm, First NLC Financial Services LLC, will file for bankruptcy protection and plans to liquidate because demand among investors for home loans has vanished, the investment bank said Monday. (Mon, 14 Jan 2008 15:51:59 GMT)

UPDATE:Lender Group Warns On Altering US Mtge Bankruptcy Laws
WASHINGTON -(Dow Jones)- Altering U.S. bankruptcy laws to allow judges to adjust terms of mortgages for troubled borrowers would result in higher costs for all borrowers seeking a mortgage, an industry group said Monday. (Mon, 14 Jan 2008 22:23:07 GMT)

Bankruptcy filings on the rise in Western New York
High mortgage rates, car loans, and out of control credit card debt are adding up to one of the biggest problems facing Americans today: personal bankruptcy. (Mon, 14 Jan 2008 23:36:58 GMT)

Bondholders oppose Delphi Corp's bankruptcy exit plan
WASHINGTON -- A group of institutional investors have asked a judge to reject Delphi Corp.'s bankruptcy-exit plan, saying it delivers an unacceptable "windfall" to an investor group led... (Mon, 14 Jan 2008 23:44:52 GMT)

BofA chief: Countrywide bankruptcy was just a baseless rumor
WILMINGTON, Del. (AP) - Fears that troubled mortgage lender Countrywide Financial Corp. has been on the verge of bankruptcy were due to unfounded rumors. That's according to Bank of America Chief Executive Ken Lewis. (Tue, 15 Jan 2008 00:53:12 GMT)

Countrywide bankruptcy 'a malicious rumor'
Rumors that Bank of America's soon-to-be acquired mortgage lender is on the verge of bankruptcy are unfounded, says CEO Ken Lewis. (Tue, 15 Jan 2008 00:53:42 GMT)

CEO: Countrywide bankruptcy a baseless rumor
Countrywide bankruptcy was just a baseless rumor, Bank of America chief Lewis says (Tue, 15 Jan 2008 01:06:15 GMT)

FBR Subprime Unit to File for Bankruptcy
The Arlington investment firm Friedman, Billings, Ramsey Group said that its subprime mortgage subsidiary would file for bankruptcy protection and that it was likely to lose all of its investment in the firm, another blow to a company that already has been battered by the meltdown in the industry. (Tue, 15 Jan 2008 05:40:38 GMT)

BofA: Countrywide bankruptcy was only a rumor
WILMINGTON, Del. - Fears that troubled mortgage lender Countrywide Financial Corp. has been on the verge of bankruptcy were due to unfounded rumors, Bank of America Corp. Chief Executive Ken Lewis said Monday. (Tue, 15 Jan 2008 07:09:39 GMT)

Bankruptcy filings surge throughout Arizona
A rising number of Valley residents and businesses threw in the towel last month, filing nearly twice as many bankruptcy petitions in December compared with the previous year. (Tue, 15 Jan 2008 15:04:30 GMT)

Former Duke prosecuter Nifong declares bankruptcy
Mike Nifong reported $243,898 in assets of real and personal property to U.S. Bankruptcy Court. The filing came the same day he and other defendants were required to respond to a sweeping federal lawsuit filed in October by the three exonerated players whom Nifong had falsely accused of rape. (Wed, 16 Jan 2008 01:28:48 GMT)

Former Duke Lacrosse Prosecutor Files for Bankruptcy as Filings Are Due in Lawsuit
Mike Nifong, the disgraced former prosecutor who led the debunked Duke lacrosse rape case, filed for bankruptcy Tuesday, citing more than $180 million in liabilities -- the majority from the threat of two pending lawsuits. Prosecutors generally have immunity for what they do inside a courtroom, though legal experts have said some of Nifong's actions -- from calling the lacrosse players a bunch ... (Wed, 16 Jan 2008 05:06:28 GMT)

New Century Financial Neglected to Surrender 700,000 Documents in Bankruptcy Case
Jan. 16, 2008 (Associated Press) PHILADELPHIA - New Century Financial Corp. failed to hand over more than 700,000 documents to the investigator appointed by a bankruptcy court to probe suspected accounting wrongs, the company has disclosed. (Wed, 16 Jan 2008 07:15:34 GMT)

Nifong files for bankruptcy; city replies to suit
Mike Nifong, the fallen district attorney who lost his job and his career over his zealous prosecution of the Duke lacrosse case, filed for bankruptcy protection Tuesday in federal court, a move described by one legal expert as "throwing in the towel (Wed, 16 Jan 2008 08:53:06 GMT)

Ex-DA Nifong files for bankruptcy
RALEIGH, N.C. - The disgraced former prosecutor who led the debunked Duke lacrosse rape case filed for bankruptcy yesterday, citing more than $180 million in liabilities - the majority from the threat of two pending lawsuits. (Wed, 16 Jan 2008 12:22:02 GMT)

Nifong Files For Bankruptcy
The disgraced former prosecutor in Durham County has filed for bankruptcy, claiming liabilities stemming mostly from the threat of two pending lawsuits. (Wed, 16 Jan 2008 13:38:26 GMT)

Ex-Duke D.A. files for bankruptcy
RALEIGH, N.C. - The former county prosecutor who was disgraced for his handling of the rape case involving Duke lacrosse players filed for bankruptcy yesterday, citing more than $180 million in liabilities - the majority from the threat of two pending lawsuits. (Wed, 16 Jan 2008 13:40:17 GMT)

Duke Prosecutor Files for Bankruptcy
The disgraced former prosecutor who led the debunked Duke lacrosse rape case filed for bankruptcy Tuesday, citing more than $180 million in liabilities -- the majority from the threat of two pending lawsuits. (Wed, 16 Jan 2008 13:56:50 GMT)

Former prosecutor in Duke Lacrosse case files for bankruptcy protection
RALEIGH, N.C. (AP) - The former prosecutor who led the discredited Duke lacrosse rape case has filed for bankruptcy. Mike Nifong cites more than $180 million in liabilities and less than $244,000 in assets. (Wed, 16 Jan 2008 14:08:22 GMT)

Tahera Diamond to file for bankruptcy
Tahera Diamond Corp. (TSX: TAH ) says it will file for bankruptcy-court protection under the Companies' Creditors Arrangement Act, citing insufficient cash flow and low interest in an equity financing plan. (Wed, 16 Jan 2008 14:24:04 GMT)

Basis Fund Loses Bankruptcy Bid
A federal judge on Wednesday denied a bid by Australian hedge fund manager Basis Capital Funds Management Ltd. to place one of its collapsed hedge funds into Chapter 15 bankruptcy. (Wed, 16 Jan 2008 18:18:41 GMT)

Disgraced Duke D.A. Files For Bankruptcy
The disgraced former prosecutor who led the debunked Duke lacrosse rape case filed for bankruptcy Tuesday, citing more than $180 million in liabilities - the majority from the threat of two pending lawsuits. (Wed, 16 Jan 2008 20:52:10 GMT)

Ex-DA Nifong files for bankruptcy
RALEIGH, N.C. - The disgraced former prosecutor who led the debunked Duke lacrosse rape case filed for bankruptcy yesterday, citing more than $180 million in liabilities - the majority from the threat of two pending lawsuits. (Thu, 17 Jan 2008 06:19:10 GMT)

Creditors OK Delphi's bankruptcy exit plan
TROY -- The auto parts supplier Delphi Corp. says it's won approval from creditors for its plan to emerge from Chapter 11 bankruptcy protection. (Thu, 17 Jan 2008 13:05:59 GMT)

Creditors OK Delphi's bankruptcy exit plan; hearing Thursday
TROY, Mich. - The auto parts supplier Delphi Corp. has won approval from creditors for its plan to emerge from Chapter 11 bankruptcy protection. (Thu, 17 Jan 2008 13:07:21 GMT)

Delphi says creditors OK bankruptcy exit plan, hearing Thursday
TROY, Mich. - Auto parts supplier Delphi Corp. said Thursday it has won approval from creditors for its plan to emerge from bankruptcy-court protection. (Thu, 17 Jan 2008 13:22:00 GMT)

Downsizing Delphi; Creditors Approve Bankruptcy Plan
TROY, Mich. (AP) The auto parts supplier Delphi says creditors have approved its plan to emerge from Chapter 11 bankruptcy protection. The company is seeking a federal judge's approval of the plan in a two-day hearing in New York beginning Thursday. (Thu, 17 Jan 2008 14:21:52 GMT)

Delphi Said Creditors OK Bankruptcy Exit Plan
The auto parts supplier Delphi said creditors have approved its plan to emerge from Chapter 11 bankruptcy protection. (Thu, 17 Jan 2008 14:28:52 GMT)

Creditors OK Delphi's Bankruptcy Plan
Auto parts supplier Delphi Corp. said Thursday it has won approval from creditors for its plan to emerge from Chapter 11 bankruptcy protection. (Thu, 17 Jan 2008 14:29:57 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, 17 Jan 2008 14:34:02 GMT)

City Councilman to hold press conference about personal bankruptcy
Springfield City Councilman Doug Burlison plans to hold a press conference next week to talk about why he recently filed for bankruptcy. Burlison and his wife Mellony filed for personal bankruptcy on Dec. 18 in federal Bankruptcy Court. Burlison said he has no intention of resigning his council seat, and promised to more fully explain at the press conference why he filed for bankruptcy. "A lot ... (Thu, 17 Jan 2008 23:28:09 GMT)

Obama vows to change bankruptcy laws
Democratic presidential candidate Senator Barack Obama, on a campaign tour of Southern California, has vowed to change bankruptcy laws and cap interest rates, it was reported Thursday. During what his campaign dubbed a "Roundtable o ... (Fri, 18 Jan 2008 00:49:47 GMT)

IBC: No qualifying plans submitted in bankruptcy case
KANSAS CITY, Mo. (AP) - Interstate Bakeries Corp. said that no one met a deadline of midnight Tuesday to submit a qualifying alternative proposal to fund its efforts to emerge from bankruptcy. (Fri, 18 Jan 2008 05:21:32 GMT)

Obama vows to change bankruptcy laws
Senator Barack Obama, vying for the Democratic presidential candidacy, vowed to change bankruptcy laws and cap interest rates during his campaign tour in Southern California, the Los Angeles Times reported Thursday. During what his ... (Fri, 18 Jan 2008 05:50:18 GMT)

Delphi has plan to leave bankruptcy
Delphi Corp. said Thursday that it has won creditors' approval and overcome an objection by bondholders for its plan to emerge from Chapter 11 bankruptcy protection. (Fri, 18 Jan 2008 08:23:32 GMT)

Amedeo's in bankruptcy but stays open
The owners of Amedeo's Italian Restaurant of Raleigh filed for Chapter 11 bankruptcy this month. (Fri, 18 Jan 2008 08:52:07 GMT)

Councilman Burlison files for bankruptcy
Springfield City Councilman Doug Burlison plans to hold a press conference next week to talk about why he recently filed for bankruptcy. (Fri, 18 Jan 2008 09:09:54 GMT)

Delphi nearing exit from bankruptcy
NEW YORK–Auto-parts supplier Delphi Corp. said yesterday it has won approval from nearly all of its creditors for its plan to emerge from Chapter 11 bankruptcy protection. (Fri, 18 Jan 2008 09:41:22 GMT)

Sen. Brown Seeks Bankruptcy Reform
Ohio Sen. Sherrod Brown is calling for passage of a new law to reform federal bankruptcy rules. (Fri, 18 Jan 2008 11:43:52 GMT)

Delphi faces union objections on plan to exit bankruptcy
NEW YORK — Auto parts supplier Delphi Corp. said Thursday it has won approval from nearly all of its creditors, and cleared away an objection by bondholders, for its plan to emerge from Chapter 11 bankruptcy protection. (Fri, 18 Jan 2008 12:21:41 GMT)

Analyst: NovaStar probably will file bankruptcy
An analyst said Friday that NovaStar Financial Inc. probably will be forced to file bankruptcy and that the firm will drop research coverage of NovaStar. (Fri, 18 Jan 2008 20:55:49 GMT)

Owner of Lincoln’s Jiffy Lubes declares bankruptcy
The company that owns Lincoln’s Jiffy Lube oil change centers has filed for bankruptcy and plans to reorganize the business. (Fri, 18 Jan 2008 22:28:58 GMT)

Bankruptcy Court approves sale of paper manufacturer
NEWARK, N.J. (AP) - Bankrupt Marcal Paper Mills will be sold to a Texas bank for $160 million. The sale of Marcal, a family-owned maker of toilet paper, kitchen towels, napkins and facial tissue, was approved today by a federal bankruptcy judge in New Jersey. (Fri, 18 Jan 2008 23:47:52 GMT)

NEW YORK Delphi prepares to exit bankruptcy
Auto parts supplier Delphi Corp. said Thursday it has won approval from nearly all of its creditors, and cleared away an objection by bondholders, for its plan to emerge from Chapter 11 bankruptcy protection. (Sat, 19 Jan 2008 13:40:56 GMT)

Many Pakistanis See Leader As Having Reigned Too Long
ISLAMABAD, Pakistan -- When he grabbed power in a military coup eight years ago, then-Gen. Pervez Musharraf was cheered here for rescuing Pakistan from corrupt and incompetent politicians who had forestalled democracy and dragged the country to the brink of bankruptcy. Surveys showed an astonishi... (Sun, 20 Jan 2008 01:17:44 GMT)

Mid-Missouri Bankruptcy Center
My friend & her spouse are going through a divorce. She wants to file for bankruptcy. Must she do it with him or can she do it separately? Should she/they do it before or after the divorce? Thank you. (Sun, 20 Jan 2008 01:24:19 GMT)

Firm with Alto plant files for bankruptcy
Propex Inc., which operates a manufacturing plan in Alto, announced Friday that it has filed for protection under Chapter 11 of the U.S. Bankruptcy Code. (Sun, 20 Jan 2008 01:44:23 GMT)

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