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Home > Bankruptcy News

Bankruptcy News Jan 2008

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Mid-Missouri Bankruptcy Center
I was sued in court by a credit card company and the judgement was against my to pay. I do own my house free and clear and this was not brought up, which was good. I am trying to sell my home so that I can pay off my debt and possibly get a vehicle. Can they come after my house? (Sun, 20 Jan 2008 10:09:19 GMT)

Deadline could keep Quebecor World out of bankruptcy
MONTREAL — Quebecor World Inc. (TSX:IQW), the struggling commercial printer whose shares have plummeted so far they may be delisted on the Toronto Stock Exchange, may signal Sunday whether it has a fighting chance to avoid creditor protection from bankruptcy. (Sun, 20 Jan 2008 15:06:10 GMT)

Deadline could keep Quebecor World out of bankruptcy
The Montreal company has until Sunday morning to satisfy “certain conditions” (Sun, 20 Jan 2008 15:07:35 GMT)

Veterans nonprofit files bankruptcy
United States American Disable Veterans, a nonprofit organization founded in 2006 by Korean War veteran and civil rights activist Leroy Rooks to assist local military veterans, has filed for bankruptcy protection. (Mon, 21 Jan 2008 06:03:05 GMT)

Broadview Hotel to be purchased out of bankruptcy by New York developer
The Broadview Hotel, a Wichita property that has been in bankruptcy proceedings in recent years, is being bought by a New York developer for $6 million. (Mon, 21 Jan 2008 06:03:45 GMT)

ComUnity files for bankruptcy
A Silicon Valley mortgage banker that underwrote more than $3.5 billion a year in new loans as recently as 2003 and 2004 has filed for Chapter 11 bankruptcy protection in federal court in San Jose. (Mon, 21 Jan 2008 06:03:55 GMT)

Printer Quebecor World to file for bankruptcy shelter, arranges financing
MONTREAL - Giant commercial printer Quebecor World Inc. (TSX:IQW) is filing for bankruptcy-court protection and has arranged a new financing lifeline. (Mon, 21 Jan 2008 14:47:23 GMT)

Printer Quebecor World to file for bankruptcy shelter, arranges financing
MONTREAL - Commercial printer Quebecor World Inc. (TSX:IQW) is filing for court protection from bankruptcy in Canada and the United States. (Mon, 21 Jan 2008 15:02:25 GMT)

Quebecor World seeks bankruptcy protection after bankers balk at financing
The Canadian Press January 21, 2008 - 10:01 a.m. MONTREAL - Commercial printer Quebecor World Inc. (TSX:IQW) is seeking court protection from bankruptcy in Canada and the United States. (Mon, 21 Jan 2008 15:17:25 GMT)

Quebecor World to file for bankruptcy
MONTREAL – Commercial printer Quebecor World Inc. is seeking court protection from bankruptcy in Canada and the United States. The 28,000-employee Montreal-based company said Monday it is filing under the Companies' Creditors Arrangement Act in Canada and Chapter 11 of the U.S. bankruptcy code. (Mon, 21 Jan 2008 15:23:45 GMT)

Quebecor parent heads to bankruptcy court
Quebecor World Inc., which operates a printing plant in Depew, plans to file for Chapter 11 bankruptcy protection, citing industry pressures and a failure to raise new capital. (IQW) (Mon, 21 Jan 2008 15:30:37 GMT)

Consumers can still file for bankruptcy, but it's harder now
A little over two years since the enactment of a landmark bankruptcy reform law, debt-strapped consumers are finding it tougher to wipe out their bills. (Mon, 21 Jan 2008 15:53:27 GMT)

Burlison plans press conference Tuesday on bankruptcy
Springfield City Councilman Doug Burlison has scheduled a press conference at 6:30 p.m. Tuesday to talk about why he recently filed for bankruptcy. He'll speak at the Firefighters Local 152 Union Hall, 2350 N. Clifton Street. Burlison and his wife Mellony filed for Chapter 7 personal bankruptcy on Dec. 18. Burlison, who has been an advocate of fiscal responsibility in government, initiated a ... (Mon, 21 Jan 2008 15:58:22 GMT)

Printer Quebecor World says bankruptcy protection won
Canadian printing giant Quebecor World said a court agreed to shield it from bankruptcy Monday, granting protection from its creditors as it seeks to rebuild its battered finances. (Mon, 21 Jan 2008 23:56:12 GMT)

Quebecor World Files for Bankruptcy Protection
(January 21, 2008) - - Hard times are hitting a Canadian company that has a major plant here. Quebecor World filed for bankruptcy protection today. (Tue, 22 Jan 2008 03:12:18 GMT)

Quebecor World declares bankruptcy in United States, Canada
Quebecor World Inc. has declared bankruptcy in the United States and the equivalent in Canada, the company announced Monday morning. (Tue, 22 Jan 2008 05:04:34 GMT)

(AFX UK Focus) 2008-01-22 06:30 GMT: Quebecor World wins bankruptcy protection
MONTREAL (Thomson Financial) - Quebecor World Inc said a court has agreed to shield it from bankruptcy, granting protection from its creditors as it seeks to rebuild its battered finances. (Tue, 22 Jan 2008 06:38:32 GMT)

Centrix wins court OK on bankruptcy plan
A bankruptcy judge has signed off on an outline of automobile lender Centrix Financial LLC's plan to exit bankruptcy and repay creditors, giving Centrix the green light to send the plan to creditors for a vote. (Tue, 22 Jan 2008 07:07:21 GMT)

Quebecor files for bankruptcy
Quebecor World Inc., the world's second-largest printing concern, will file for bankruptcy after its failed attempt to get enough cash to satisfy its lenders, the company said Monday. (Tue, 22 Jan 2008 09:43:22 GMT)

Bankruptcy or credit counseling?
A monthly tally of expenses helps determine the best financial course, says the Bankruptcy Adviser. (Tue, 22 Jan 2008 11:00:00 GMT)

Quebecor World files for bankruptcy protection
Quebecor World filed for bankruptcy protection Monday after its efforts to secure a rescue financing package failed, allowing the commercial printer to continue running its Depew printing plant and others in North America. (Tue, 22 Jan 2008 11:50:35 GMT)

Bankruptcy or credit counselor?
Dear Bankruptcy Adviser, How do I find reliable individuals or companies to give accurate information on whether to file bankruptcy or see a credit counselor, and thereby provide good information on the best way to go? (Tue, 22 Jan 2008 14:04:05 GMT)

Quebecor files for bankruptcy; plant here safe
JONESBORO — One of Jonesboro’s largest employers has filed for Chapter 11 bankruptcy, but company officials don’t think local operations will be affected. (Tue, 22 Jan 2008 15:48:05 GMT)

Buffets Holdings Files for Bankruptcy
Buffets Holdings Inc., one of the country's largest restaurant chains, filed for bankruptcy Tuesday, becoming the U.S. retail sector's biggest casualty of the economic slowdown that has spurred consumers to cut spending. (Tue, 22 Jan 2008 21:26:58 GMT)

Norwegian Airline Declares Bankruptcy
The small Norwegian airline Coast Air declared bankruptcy and immediately canceled all flights on Wednesday, saying it had been stunned by unexpected and unsustainable fourth-quarter losses. (Wed, 23 Jan 2008 11:20:08 GMT)

Delphi plan to exit bankruptcy approved
NEW YORK — A judge said Tuesday he would approve the bankruptcy exit plan of auto parts supplier Delphi Corp. once it drastically reduces the total payout of cash bonuses to top executives. (Wed, 23 Jan 2008 11:50:35 GMT)

Bankruptcy grounds Coast Air
A small domestic airline just couldn’t make ends meet and declared bankruptcy on Wednesday, meaning some regional routes in Norway will lose their air connections. (Wed, 23 Jan 2008 12:31:39 GMT)

General Growth denies bankruptcy likelihood, shares surge
REIT slams reports suggesting that it is contemplating filing for bankruptcy protection Shares of General Growth Properties Inc. moved solidly higher Tuesday, after the Chicago-based real estate investment trust issued an angry broadside denying what it called "irresponsible" reports that suggested the company's finances are shaky. (Wed, 23 Jan 2008 13:31:29 GMT)

Judge approves Delphi bankruptcy plan
NEW YORK A bankruptcy judge said Tuesday he will approve the bankruptcy exit plan of auto parts supplier Delphi once it drastically reduces the total payout of cash bonuses to top executives. (Wed, 23 Jan 2008 13:47:45 GMT)

Bankruptcy Numbers
Even with stringent new bankruptcy laws, the number of bankruptcy filings in 2007 climbed dramatically. The federal bankruptcy court in Fargo says reports 1,160 cases last year, compared with 701 in 2006. Bankruptcy Court Clerk Dianne Schmitz says that`s an increase of 65 percent. (Wed, 23 Jan 2008 14:19:27 GMT)

Bankruptcy Court OKs Sale of Marcal Paper Mills
Jan. 23, 2008 - Highland Capital Management, LP yesterday said that the U.S. Bankruptcy Court for the District of New Jersey in Newark has approved funds managed by the firm to become the new majority owner of the assets of Marcal Paper Mills, Inc. (Wed, 23 Jan 2008 14:47:36 GMT)

Financing Delays Solutia Bankruptcy Exit
Solutia Inc. said Wednesday it will not emerge from bankruptcy this week as planned because problems in the credit markets have left banks working with the chemical producer unable to come up with the necessary financing. (Wed, 23 Jan 2008 14:57:54 GMT)

Solutia says bankruptcy exit delayed on financing
Solutia Inc. this morning announced that its plans to emerge from bankruptcy this week will be delayed because banks couldn't arrange the promised $2 billion in financing. (Wed, 23 Jan 2008 15:55:54 GMT)

Quebecor World Faces Deadline for $1 Billion Bankruptcy Loan
Jan. 23 (Bloomberg) -- Quebecor World (USA) Inc., the printer of Time and Cosmopolitan magazines and Harry Potter books, said it has until 5 p.m. New York time today to win court permission for a $1 billion loan to keep operating in bankruptcy. (Wed, 23 Jan 2008 20:05:07 GMT)

Bankruptcy Judge OKs Marcal Sale
A bankruptcy judge has cleared the way for a Texas hedge fund to buy Marcal Paper Mills Inc. for about $160 million, closing the book on the New Jersey paper maker's 75 years as a family owned business. (Wed, 23 Jan 2008 21:19:50 GMT)

Diamond Sellers Seek Friedman Bankruptcy
A group of jewelry sellers owed $9.1 million from Friedman's Inc. are trying to force the company into Chapter 7 bankruptcy -- the retailer's second trip to bankruptcy court in just over three years. (Wed, 23 Jan 2008 22:27:58 GMT)

NovaStar unit hit with involuntary bankruptcy petition
American Interbanc Mortgage LLC is seeking to force a subsidiary of NovaStar Financial Inc. into bankruptcy to collect a judgment rendered in June that with interest has reached $48.9 million. (Thu, 24 Jan 2008 01:27:37 GMT)

Bankruptcy bid dismissed, Birchall stays in jail
Former lawyer Richard Birchall will have to find another way to get out of jail now that a U.S. Bankruptcy Court has dismissed his second bankruptcy application. (Thu, 24 Jan 2008 07:06:38 GMT)

Fox body shop chain files for bankruptcy
Fox Collision Center and Fox Real Estate, the two entities that operated a four-state chain of auto body shops, filed for Chapter 11 bankruptcy protection late Wednesday afternoon in U.S. Bankruptcy Court in Wichita. Company president Todd Fox announced the filing in a statement issued through Wichita bankruptcy lawyer Ed Nazar. In the statement, Fox blamed significant operating losses and ... (Thu, 24 Jan 2008 07:11:35 GMT)

Boston Hill bankruptcy is dismissed
BOSTON - A federal judge has dismissed a bankruptcy filing from the owners of the troubled Boston Hill property, paving the way for the property to be sold at auction. (Thu, 24 Jan 2008 10:03:31 GMT)

Montgomery McCracken Grows Bankruptcy and Reorganization Practice
Montgomery McCracken announced today that Joseph O'Neil Jr. has joined the firm as of counsel and a member of the firm's Bankruptcy and Reorganization practice. Mr. O'Neil counsels clients on restructuring and workouts, bankruptcy, creditors' rights, collections and asset recovery, representing secured and unsecured creditors, lessors, creditors committees, trustees, and debtors, with expertise ... (Thu, 24 Jan 2008 14:00:00 GMT)

Delta records post-bankruptcy profit for 2007
Delta Air Lines, which emerged from bankruptcy in April 2007, has posted an annual profit. (DAL) (Thu, 24 Jan 2008 15:36:45 GMT)

Northwest Exits Bankruptcy Protection
MINNEAPOLIS -- With Northwest Airlines out of bankruptcy on Thursday, the nation's largest carriers have reorganized to compete better in a world of discount carriers and higher fuel prices. (Thu, 24 Jan 2008 23:15:28 GMT)

Custom homebuilder files bankruptcy
Custom homebuilder files bankruptcy (Fri, 25 Jan 2008 05:08:51 GMT)

State bankruptcy filings up in 2007
The subprime mortgage crisis and interest rate resets for adjustable rate mortgages contributed to a 39 percent increase in Wisconsin bankruptcy filings in 2007 and local bankruptcy attorneys say their caseloads are booming. The state's 15,650 filings last year were up from 11,257 in 2006, according to statistics compiled by the U.S. bankruptcy courts for Wisconsin's eastern and western ... (Fri, 25 Jan 2008 05:26:46 GMT)

Parent company of Effingham printer granted bankruptcy protection
EFFINGHAM — The parent company of the Quebecor World Petty printing operations in Effingham was given Chapter 11 bankruptcy protection in U.S. courts Wednesday. (Fri, 25 Jan 2008 06:48:52 GMT)

Quebecor bankruptcy delays paychecks
Employees at the Quebecor World printing plant in Versailles may see their next paychecks delayed, a product of the Canadian company's decision to file for bankruptcy protection this week. A federal judge has approved the company's $1 billion financing plan, but the timing of the approval and bank policies may mean paychecks will be delayed. Frank Setlak, vice president and general manager at ... (Fri, 25 Jan 2008 08:20:10 GMT)

Court approves Quebecor Chapter 11 bankruptcy
The 825 employees of the Clarksville Quebecor Printing plant should get paid on time today, and at least for now, they don't need to fear that the company's corporate Chapter 11 bankruptcy filing approved in court late Wednesday will adversely affect their job security. (Fri, 25 Jan 2008 11:11:27 GMT)

Hollywood candidate tells voters about her bankruptcy
Personal bankruptcy can spell doom for a politician, but one Hollywood commission candidate is using her past financial problems as a campaign strategy. (Fri, 25 Jan 2008 11:46:24 GMT)

Quebecor World files for bankruptcy
WEST SADSBURY — Quebecor World, with a printing plant in the West Sadsbury Industrial Park that employs about 300 people, has filed for Chapter 11 bankruptcy protection. (Fri, 25 Jan 2008 13:15:00 GMT)

Quebecor files for bankruptcy
FAIRFIELD - An international printer of books, magazines and catalogs with a plant in Adams County announced plans Monday to file for Chapter 11 bankruptcy in U.S. District Court, but little or no impact is expected locally. (Fri, 25 Jan 2008 13:31:45 GMT)

Longtime business files for bankruptcy
One of the city's oldest businesses has filed for bankruptcy. Casto Tile and Marble Works Inc., whose roots date back at least to the 1920s, sought Chapter 11 protection from creditors on Jan. 17 in federal bankruptcy court in Charleston. (Fri, 25 Jan 2008 14:51:45 GMT)

Bankruptcy judge approved Delphi Chapter 11 exit plan
DETROIT -- A federal bankruptcy judge has approved struggling auto parts maker Delphi Corp.'s reorganization plan, clearing the way for the company to emerge from Chapter 11 bankruptcy... (Fri, 25 Jan 2008 23:24:45 GMT)

Bankruptcy judge approved Delphi Chapter 11 exit plan
DETROIT — A federal bankruptcy judge has approved struggling auto parts maker Delphi Corp.’s reorganization plan, clearing the way for the company to emerge from Chapter 11 bankruptcy protection, Delphi said today. (Fri, 25 Jan 2008 23:59:53 GMT)

Wranglers file for bankruptcy protection
The Austin Wranglers football team has filed for bankruptcy protection, citing nearly $6 million in liabilities and its failure to settle a judgment against the team and its flamboyant founder, Greg Feste. (Sat, 26 Jan 2008 00:59:26 GMT)

Bankruptcy judge approved Delphi Chapter 11 exit plan
Tom Krisher, The Associated Press January 25, 2008 - 9:00 p.m. DETROIT - A federal bankruptcy judge has approved struggling auto parts maker Delphi Corp.'s reorganization plan, clearing the way for the company to emerge from Chapter 11 bankruptcy protection, Delphi said Friday. (Sat, 26 Jan 2008 02:08:22 GMT)

Plantation call center firm PRC seeks bankruptcy protection to restructure
Call center operator PRC LLC of Plantation, one of the biggest names in the business, has filed for Chapter 11 bankruptcy protection from creditors. (Sat, 26 Jan 2008 08:10:44 GMT)

Bankruptcy judge approves Delphi reorganization plan
DETROIT–A U.S. federal bankruptcy judge has approved the reorganization plan of auto-parts maker Delphi Corp., clearing the way for the company to emerge from Chapter 11 bankruptcy protection, the company said yesterday. (Sat, 26 Jan 2008 09:39:36 GMT)

Bankruptcy judge approved Delphi Chapter 11 exit plan
DETROIT - A federal bankruptcy judge has approved struggling auto parts maker Delphi Corp.'s reorganization plan, clearing the way for the company to emerge from Chapter 11 bankruptcy protection, Delphi said Friday. (Sat, 26 Jan 2008 10:04:15 GMT)

Bankruptcy Judge Confirms Delphi's Reorganization Plan
JANUARY 26, 2008 - Delphi Corporation's web site reports that a federal bankruptcy judge has given his OK for the company's reorganization plan.  Delphi, which first filed for bankruptcy in 2005, employs about 3,000 people at its Lockport facility.  (Sat, 26 Jan 2008 11:13:03 GMT)

Quebecor files for bankruptcy
FAIRFIELD - An international printer of books, magazines and catalogs with a plant in Adams County announced plans Monday to file for Chapter 11 bankruptcy in U.S. District Court, but little or no impact is expected locally. (Sat, 26 Jan 2008 14:00:45 GMT)

Bankruptcy judge approved Delphi Chapter 11 exit plan
A federal bankruptcy judge has approved the struggling auto parts maker's reorganization plan. (Sat, 26 Jan 2008 16:58:54 GMT)

High-flyer sells up to stave off bankruptcy
Troubled property developer Andrew Krukziener and his wife are selling waterfront land worth more than $24 million as he tries to stave off bankruptcy. (Sat, 26 Jan 2008 17:06:17 GMT)

Quebecor files for bankruptcy
FAIRFIELD - An international printer of books, magazines and catalogs with a plant in Adams County announced plans Monday to file for Chapter 11 bankruptcy in U.S. District Court, but little or no impact is expected locally. (Sat, 26 Jan 2008 17:31:48 GMT)

Day for Delta to Exit Bankruptcy Arrives
ATLANTA -- Delta Air Lines Inc. has undergone a major facelift during more than a year and a half in bankruptcy, but other changes are on the way as the nation's No. 3 carrier exits Chapter 11 on Monday. (Sat, 26 Jan 2008 19:51:30 GMT)

Delta Waves Goodbye to Bankruptcy
ATLANTA -- Delta Air Lines Inc. waved farewell to bankruptcy protection Monday and put down a welcome mat for a redesigned logo after surviving a hostile takeover bid during a 19 1/2-month reorganization that saw it shed billions in costs. (Sat, 26 Jan 2008 19:52:41 GMT)

Judge approves Delphi’s plan to exit bankruptcy
DETROIT — A federal bankruptcy judge has approved struggling auto parts maker Delphi Corp.’s reorganization plan, clearing the way for the company to emerge from Chapter 11 bankruptcy protection. (Sun, 27 Jan 2008 12:04:25 GMT)

Real estates woes fuel rise in personal bankruptcy filings
Experts say the mortgage crisis is driving much of the increase in personal bankruptcy filings in New Hampshire. (Sun, 27 Jan 2008 15:00:43 GMT)

Mortgage meltdown increases bankruptcy
Experts say the mortgage crisis is driving much of the increase in personal bankruptcy filings in New Hampshire. (Mon, 28 Jan 2008 06:21:31 GMT)

Captain D's franchisee files for Chapter 11 bankruptcy
Serve Holdings LLC, the largest franchisee of Captain D's restaurants in the country, has filed for Chapter 11 bankruptcy. (Mon, 28 Jan 2008 07:11:38 GMT)

Bankruptcy filings bullet past other states
Georgia bankruptcy court filings in the state's northern district, which includes metro Atlanta, rose by nearly 23 percent from 2006 to 2007. (Mon, 28 Jan 2008 07:15:34 GMT)

Bankruptcy attorneys expect to stay busy even when economy improves
The U.S. Bankruptcy Court in Albany had its lowest number of business bankruptcy filings in more than a decade, according to final 2007 totals. (Mon, 28 Jan 2008 07:16:14 GMT)

First NLC's bankruptcy lists more than $50 million in debt
First NLC Financial Services LLC, a subprime mortgage lender that moved hundreds of jobs from Deerfield Beach to Boca Raton just a year ago, has filed for Chapter 11 bankruptcy protection. (FBR) (Mon, 28 Jan 2008 07:16:44 GMT)

Prince George's home builder files bankruptcy
The housing slowdown has pushed a prominent Prince George's County luxury home builder into bankruptcy court. (Mon, 28 Jan 2008 07:17:05 GMT)

How to Legally Eliminate Credit Card Debt Without Bankruptcy or Credit Counseling
Twice a day, someone walks into the office of consumer lawyer Michael Mack, overwhelmed by credit card debt, with the belief that the only way out is through bankruptcy or credit counseling. (Mon, 28 Jan 2008 13:40:00 GMT)

6,700 Iowans File For Bankruptcy In '07
DES MOINES, Iowa -- A jump in the number of bankruptcy filings in Iowa could continue if the economy continues to falter. The state had a record number of bankruptcy filings in 2005, when more than 18,000 consumers rushed to file before a new federal law went into effect. (Mon, 28 Jan 2008 14:24:28 GMT)

Delphi Bankruptcy Exit Plan Approved
A federal bankruptcy judge approved the auto parts maker’s reorganization plan after cash bonuses for top executives were drastically cut from a proposed $87 million to $16.5 million. (Mon, 28 Jan 2008 15:02:32 GMT)

Bankruptcy filings increase in 2007
Posted: Monday, January 28, 2008 at 9:23 a.m. DES MOINES, IOWA (AP) -- A jump in the number of bankruptcy filings in Iowa could continue if the economy continues to falter. (Mon, 28 Jan 2008 15:27:01 GMT)

Auditor: North Forest ISD nearing bankruptcy
The North Forest school district is nearing bankruptcy and could cease to exist if the state doesn't grant it a financial reprieve, an independent auditor told trustees Monday night. (Tue, 29 Jan 2008 05:04:52 GMT)

Firstline Security seeks bankruptcy protection
Firstline Security Inc., an Orem-based provider of customized home security products, has sought bankruptcy protection from creditors. (Tue, 29 Jan 2008 07:50:53 GMT)

Tousa, Florida Homebuilder, Files for Bankruptcy (Update1)
Jan. 29 (Bloomberg) -- Tousa Inc., the Florida homebuilder that lost 98 percent of its market value in the past year, sought bankruptcy protection from creditors after missing three interest payments this month. (Tue, 29 Jan 2008 12:22:32 GMT)

Call center owner in bankruptcy; Chapter 11 filing made last week by PRC officials
PRC, a major employer in Palatka, filed for relief under Chapter 11 bankruptcy last Tuesday, a spokeswoman for the company said Monday. (Tue, 29 Jan 2008 12:27:54 GMT)

TOUSA Files for Bankruptcy Protection
Homebuilder TOUSA Inc. filed for bankruptcy protection Tuesday as the worsening housing slump led to a sharp drop in sales and a rise in cancellation rates. (Tue, 29 Jan 2008 12:29:36 GMT)

Tousa, Florida Homebuilder, Files for Bankruptcy (Update2)
Jan. 29 (Bloomberg) -- Tousa Inc., the Florida homebuilder that lost 98 percent of its market value in the past year, sought bankruptcy protection from creditors with a plan for exchanging bond and unsecured debt for new stock. (Tue, 29 Jan 2008 13:07:14 GMT)

17 individuals file for bankruptcy in 2007
No business filed a bankruptcy case in federal court in 2007, but 17 individuals did. According to documents filed in the U.S. District Court for the NMI, of the 17 individual bankruptcy cases, most filed for Chapter 7 bankruptcy and a few for Chapter 13. (Tue, 29 Jan 2008 14:07:39 GMT)

Interstate Bakeries files plan to exit bankruptcy
Interstate Bakeries Corp. creditors would get about $616 million in payments as part of a plan to emerge from more than three years in Chapter 11 bankruptcy. (Tue, 29 Jan 2008 14:14:22 GMT)

Home builder Tousa files for bankruptcy
Tousa, the Florida home builder that lost 98 percent of its market value in the past year, sought bankruptcy protection from creditors and proposed a plan for exchanging bond and unsecured debt for new stock. (Tue, 29 Jan 2008 14:57:08 GMT)

Hollywood-based homebuilder Tousa asks bankruptcy protection
Tousa Inc., the Florida homebuilder that lost 98 percent of its market value in the past year, sought bankruptcy protection from creditors and proposed a plan for exchanging bond and unsecured debt for new stock. (Tue, 29 Jan 2008 15:54:34 GMT)

Bankruptcy judge: Dell director must pay
A Dell Inc. director and former president of AT&T has been ordered to pay $12 million to what is left of an Internet company that he headed until shortly before it filed for bankruptcy. (Tue, 29 Jan 2008 23:15:18 GMT)

Bankruptcy Allegations Move Forward Against N.Y. Law Firm
Stressing that the case raised "important issues concerning the integrity of the bankruptcy process," a federal bankruptcy judge in Manhattan has declined to dismiss a trustee's claims against lawyers Robert L. Rattet and Jonathan S. Pasternak and their firm, Rattet, Pasternak & Gordon Oliver. The attorneys and their firm are accused of failing to disclose that an "insider" of debtor Food ... (Wed, 30 Jan 2008 05:12:44 GMT)

Newmark Homes parent files for bankruptcy
Facing a worsening national housing slump, the parent company of Houston builder Newmark Homes filed for bankruptcy protection Tuesday. Hollywood, Fla.-based Tousa and certain subsidiaries filed Chapter 11 with plans to fix its balance sheet. (Wed, 30 Jan 2008 06:57:24 GMT)

Parts supplier Dana faces new challenges after exiting bankruptcy
Auto parts maker Dana Corp. is about to step out of bankruptcy and into an uncertain future. Worries about the economy and an expected slowdown in U.S. vehicle production this year will make it tough on Dana and other parts suppliers that depend heavily on Detroit's automakers. (Wed, 30 Jan 2008 07:54:39 GMT)

Bankruptcy Allegations Move Forward Against N.Y. Law Firm
Stressing that the case raised "important issues concerning the integrity of the bankruptcy process," a federal bankruptcy judge in Manhattan has declined to dismiss a trustee's claims against lawyers Robert L. (Wed, 30 Jan 2008 08:02:26 GMT)

Builder Tousa files for bankruptcy
Hollywood-based home builder Tousa couldn't overcome a steep housing market slide and enormous debt, becoming the largest builder yet to file for bankruptcy protection Tuesday. (Wed, 30 Jan 2008 08:13:50 GMT)

Dana faces new challenges after exiting bankruptcy
TOLEDO -- Auto parts maker Dana Corp. is about to step out of bankruptcy and into an uncertain future. (Wed, 30 Jan 2008 12:24:30 GMT)

Georgia Ranks Second On Bankruptcy List
Georgia has the second highest number of bankruptcy filings in the country, a new report says. (Wed, 30 Jan 2008 12:42:52 GMT)

17 individuals file for bankruptcy in 2007
No business filed a bankruptcy case in federal court in 2007, but 17 individuals did. According to documents filed in the U.S. District Court for the NMI, of the 17 individual bankruptcy cases, most filed for Chapter 7 bankruptcy and a few for Chapter 13. (Wed, 30 Jan 2008 14:10:23 GMT)

Houston home builder files for bankruptcy 8:58 AM CT
Facing a worsening national housing slump, the parent company of Newmark Homes filed for bankruptcy protection Tuesday. The Houston-based builder has 27 developments in the Dallas-Fort Worth area, according to its Web site. (Wed, 30 Jan 2008 15:11:27 GMT)

Summit Global Logistics seeks bankruptcy protection
An international transportation logistics company once linked to former presidential candidate Wesley Clark and based in East Rutherford filed for bankruptcy protection yesterday, the same day it agreed to sell its assets for $56.5 million to a group that includes senior management. (Thu, 31 Jan 2008 00:12:48 GMT)

Report: Fortunoff may file for bankruptcy
Fortunoff yesterday said its stores are open for "business as usual," despite a report that the Uniondale-based company is considering Chapter 11 bankruptcy and observations from retail experts that its stores are struggling to keep up its inventory. (Thu, 31 Jan 2008 00:37:08 GMT)

Tennessee Households Lead Nation in Bankruptcy Filings
NASHVILLE (AP) - Tennessee had the highest number of bankruptcy filings per household of any state last year.A new report from the Na.... (Thu, 31 Jan 2008 06:10:48 GMT)

Tennessee leads nation in bankruptcy filings
A new report from the National Bankruptcy Research Center shows that one in every 59 households filed for bankruptcy in 2007. (Thu, 31 Jan 2008 06:43:12 GMT)

Shareholder protests as Calpine leaves bankruptcy
Calpine Corp.'s emergence from bankruptcy protection in the coming days will end a tough chapter for the company, but don't expect applause from shareholder Robert Strouse. (Thu, 31 Jan 2008 07:00:43 GMT)

AUTO HEADLINES: Dana to exit bankruptcy
Dana Corp. could exit bankruptcy as early as today. The Toledo-based maker of axles filed for Chapter 11 bankruptcy protection nearly two years ago, amid falling domestic sales, price reductions from automakers and rising material costs. (Thu, 31 Jan 2008 08:13:35 GMT)

Tenn. leads nation in personal bankruptcy rate
Tennessee had the highest rate of personal bankruptcy filings per household of any state last year. (Thu, 31 Jan 2008 08:18:37 GMT)

Homebuilder Tousa Files for Bankruptcy
Hollywood, Fla.--Homebuilder Tousa Inc. filed for bankruptcy protection Tuesday, CNN.Money.com reports. (Thu, 31 Jan 2008 12:20:18 GMT)

Interstate Bakeries can poll creditors on bankruptcy plan
KANSAS CITY, Mo. (AP) - Interstate Bakeries Corp. can begin soliciting votes from creditors for its reorganization plan, a judge said Tuesday, a major step as the maker of Hostess Twinkies and Wonder Bread attempts to exit more than 31/2 years of bankruptcy. (Thu, 31 Jan 2008 14:46:59 GMT)

Palco gives glimpse of new bankruptcy plan
A summary of the Pacific Lumber Co.'s anticipated bankruptcy reorganization plan sent to Humboldt County supervisors envisions a key creditor taking over the town of Scotia and a residential development on timberland that appears different (Thu, 31 Jan 2008 15:59:12 GMT)

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