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Home > Bankruptcy News

Bankruptcy News Feb 2008

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Calpine emerges from bankruptcy
SAN FRANCISCO (MarketWatch) - Power generator Calpine Corp. said Thursday it has emerged from Chapter 11 bankruptcy protection, and closed a $7.3 billion "exit financing facility." (Fri, 01 Feb 2008 02:13:49 GMT)

Calpine Emerges From Bankruptcy
Calpine Corp. said Thursday it has emerged from Chapter 11 protection, ending a two-year bankruptcy slog in which the power producer slashed one-third of its work force and sold off a string of plants to help get its finances back in order. (Fri, 01 Feb 2008 03:49:51 GMT)

Dana faces new challenges after exiting bankruptcy
TOLEDO, Ohio -- Auto parts maker Dana Corp. is about to step out of bankruptcy and into an uncertain future. (Fri, 01 Feb 2008 06:09:40 GMT)

Calpine Corp. puts bankruptcy behind it
Calpine Corp., Texas' No. 3 power producer, officially emerged from bankruptcy protection Thursday afternoon and will likely see its stock resume regular trading early next week. (Fri, 01 Feb 2008 06:52:53 GMT)

Calpine exits bankruptcy; new shares to begin trading Feb. 5
San Jose-based Calpine exited bankruptcy protection late Thursday, allowing it to cut its debt by half as tighter power markets are expected to increase sales. (Fri, 01 Feb 2008 09:52:07 GMT)

Dana Corp. fails to exit bankruptcy by self-set deadline
Dana Corp. yesterday missed a self-imposed deadline for exiting Chapter 11 bankruptcy. (Fri, 01 Feb 2008 10:30:27 GMT)

La France bankruptcy felt by the Rehoboth fire company
America’s largest emergency vehicle provider has filed for voluntary bankruptcy, leaving the Rehoboth Beach Volunteer Fire Company feeling the squeeze. (Fri, 01 Feb 2008 14:35:37 GMT)

Auto parts maker Dana exits bankruptcy after nearly 2 years
Updated at 8:50 a.m. TOLEDO, O. (AP) – Auto parts maker Dana Corp. said it emerged from bankruptcy Friday, a leaner company infused with cash from a private equity firm. (Fri, 01 Feb 2008 14:38:39 GMT)

Dana exits bankruptcy, names new chairman, CEO
Dana Corp. emerged from two years of Chapter 11 bankruptcy this morning with new stock and a new chairman and acting chief executive officer. John Devine, former finance chief at General Motors, has taken over the Toledo Fortune 500 company from Mike Burns, chairman and CEO since 2004, company officials said today. (Fri, 01 Feb 2008 14:45:17 GMT)

Auto Parts Maker Dana Exits Bankruptcy
Auto parts maker Dana Corp. emerged from bankruptcy Friday, a leaner company infused with cash from a private equity firm. (Fri, 01 Feb 2008 14:50:07 GMT)

Key Points in Dana Bankruptcy
Key dates in Dana Corp.'s bankruptcy: -- March 3, 2006: Dana files for bankruptcy, joining a growing list of suppliers forced to restructure amid decline in U.S. auto industry. (Fri, 01 Feb 2008 22:25:11 GMT)

Auto Parts Maker Dana Exits Bankruptcy
Auto parts maker Dana Holding Corp. will continue expanding in China and other developing countries but won't give up its business with Detroit, executives said as the company emerged from bankruptcy Friday. (Fri, 01 Feb 2008 22:25:52 GMT)

Auto supplier Plastech files for bankruptcy
DETROIT -- Distressed auto supplier Plastech Engineered Products Inc. filed for bankruptcy protection Friday, according court documents. (Sat, 02 Feb 2008 03:24:30 GMT)

Plastech files bankruptcy
Distressed auto supplier Plastech Engineered Products Inc. filed for voluntary bankruptcy Friday, according to court documents. (Sat, 02 Feb 2008 06:10:01 GMT)

Dana, Toledo's largest company, emerges from bankruptcy
Emerging from nearly two years of bankruptcy, Toledo’s largest corporation yesterday named a new leader and began offering new public stock that didn’t perform as well as had been expected. Dana Corp. (Sat, 02 Feb 2008 10:15:17 GMT)

Plaudits offered on emergence from bankruptcy, new leader
The end of bankruptcy and new leadership at Dana Corp. was welcomed yesterday from city hall to the company's shop floors. (Sat, 02 Feb 2008 10:30:31 GMT)

Chrysler supplier files for bankruptcy
Chrysler LLC scrambled to maintain its inventory of plastic parts after a supplier filed for bankruptcy protection. (Sat, 02 Feb 2008 13:15:52 GMT)

Chrysler Supplier Files for Bankruptcy
Chrysler LLC scrambled to maintain its inventory of plastic parts after a supplier filed for bankruptcy protection. Plastech Engineered Products Inc. apparently failed to negotiate a bailout package with its customers, The Wall Street Journal reported Friday. (Sat, 02 Feb 2008 13:15:58 GMT)

Chrysler supplier files for bankruptcy
Chrysler LLC scrambled to maintain its inventory of plastic parts after a supplier filed for bankruptcy protection. Plastech Engineered Products Inc. apparently failed to negotiate a bailout package with its customers, The Wall Street Journal reported Friday. Dearborn-based Plastech agreed to supply Chrysler through the weekend, spokeswoman Michele Tinson said. The bankruptcy filing had not ... (Sat, 02 Feb 2008 13:30:18 GMT)

Chrysler Supplier Files for Bankruptcy
Chrysler LLC scrambled to maintain its inventory of plastic parts after a supplier filed for bankruptcy protection. Plastech Engineered Products Inc. apparently failed to negotiate a bailout package with its customers, The Wall Street Journal reported... (Sat, 02 Feb 2008 13:51:13 GMT)

Chrysler plastic supplier files for bankruptcy protection
AUBURN HILLS, Mich. (AP) - Chrysler is scrambling to maintain its inventory of plastic parts after a supplier filed for bankruptcy protection. Plastech Engineered Products apparently failed to negotiate a bailout package with its customers, according to The Wall Street Journal. (Sat, 02 Feb 2008 19:11:03 GMT)

Chrysler plastic supplier files for bankruptcy protection
Associated Press - February 2, 2008 2:03 PM ET AUBURN HILLS, Mich. (AP) - Chrysler is scrambling to maintain its inventory of plastic parts after a supplier filed for bankruptcy... (Sat, 02 Feb 2008 19:13:29 GMT)

Chrysler supplier files for bankruptcy
Chrysler LLC scrambled to maintain its inventory of plastic parts after a supplier filed for bankruptcy protection. Plastech Engineered Products Inc. apparently failed to negotiate a bailout package with its customers, The Wall Street Journal reported Friday. Dearborn-based Plastech agreed to supply Chrysler through the weekend, spokeswoman Michele Tinson said. The bankruptcy filing had not ... (Sat, 02 Feb 2008 19:43:57 GMT)

Chrysler plastic supplier files for bankruptcy protection
AUBURN HILLS, Mich. (AP) – Chrysler LLC scrambled to maintain its inventory of plastic parts after a supplier filed for bankruptcy protection. You must be a Registered User to view the rest of the story. (Sun, 03 Feb 2008 08:03:13 GMT)

Fire-truck maker seeks bankruptcy
American LaFrance LLC, the fire-engine maker acquired by Patriarch Partners LLC in December 2005, has sought bankruptcy protection after two years of losses. (Sun, 03 Feb 2008 08:58:16 GMT)

Chrysler supplier files for bankruptcy
Chrysler LLC scrambled to maintain its inventory of plastic parts after a supplier filed for bankruptcy protection. (Sun, 03 Feb 2008 08:58:40 GMT)

Chrysler Supplier Files for Bankruptcy
Chrysler LLC scrambled to maintain its inventory of plastic parts after a supplier filed for bankruptcy protection. Plastech Engineered Products Inc. apparently failed to negotiate a bailout package with its customers, The Wall Street Journal reported Friday. (Sun, 03 Feb 2008 08:58:45 GMT)

Bankruptcy doubles over six years
The number of people filing for bankruptcy in Wales has doubled over six years latest figures suggest. (Sun, 03 Feb 2008 15:11:34 GMT)

Friedman's returns to bankruptcy court
Just a few years removed from Chapter 11 bankruptcy, Friedman's Inc. is back in. (Mon, 04 Feb 2008 06:44:46 GMT)

Fortunoff files for bankruptcy, agrees to sell to Lord & Taylor
Fortunoff, a shopping institution on Long Island for decades, said Monday it has filed for bankruptcy protection and agreed to be acquired by the owners of Lord & Taylor, the second change in ownership for the Westbury-based home furnishing and jewelry chain in the last two years. (Mon, 04 Feb 2008 12:58:57 GMT)

Fortunoff files for bankruptcy, agrees to be acquired by Lord & Taylor owner
Fortunoff, a shopping institution on Long Island for decades, said Monday it has filed for bankruptcy protection and agreed to be acquired for $100 million by the owners of Lord & Taylor, the second change in ownership for the Westbury-based home furnishing and jewelry chain in the last two years. (Mon, 04 Feb 2008 13:17:20 GMT)

Mid-Missouri Bankruptcy Center
We are thinking of filing a Chapter 13 bankruptcy and owe 15,000.00 in unsecued credit card debit but is up to $24,500.00 with the late fees and finance charges.How much will we be repaying,the 15,000.00 or the $24,500.00 or is there a lesser percentage that will be repayed? (Mon, 04 Feb 2008 13:44:41 GMT)

Chrysler to close 4 assembly plants due to Plastech bankruptcy
DETROIT (AP) - Chrysler says it will temporarily close an assembly plant in Toledo (Ohio) and three others due to the bankruptcy filing of 1 of its plastic parts suppliers. (Mon, 04 Feb 2008 14:39:34 GMT)

Fortunoff files for bankruptcy, will be acquired by Lord & Taylor
Furniture retailer Fortunoff said Monday it has filed for Chapter 11 bankruptcy protection, and will be acquired by the owner of department store chain Lord & Taylor. (Mon, 04 Feb 2008 14:55:35 GMT)

Chrysler to close Belvidere plant temporarily due to Plastech bankruptcy
Chrysler LLC plans to close four assembly plants temporarily due to the bankruptcy protection filing of one of its plastic parts suppliers, a company spokeswoman said Monday. (Mon, 04 Feb 2008 15:09:02 GMT)

Supplier's bankruptcy forces Chrysler to shut four plants
Chrysler LLC plans to temporarily close four assembly plants due to the bankruptcy filing of one of its plastic parts suppliers, a company spokeswoman said Monday. (Mon, 04 Feb 2008 15:14:39 GMT)

Chrysler to close 4 assembly plants due to Plastech bankruptcy
Chrysler LLC plans to close four assembly plants temporarily due to the bankruptcy protection filing of one of its plastic parts suppliers, a company spokeswoman said today. (Mon, 04 Feb 2008 15:26:17 GMT)

Supplier Bankruptcy Forces Chrysler Plant Closures
Automaker plans to close four assembly plants temporarily due to the bankruptcy protection filing of Plastech Engineered Products, one of its plastic parts suppliers. (Mon, 04 Feb 2008 15:31:22 GMT)

Wickes Furniture files Chapter 11 bankruptcy
Wickes Furniture Co., hit by the downturn that has hit furniture retailers in the wake of the housing industry's big slump, filed Sunday for Chapter 11 bankruptcy protection. (Mon, 04 Feb 2008 22:42:06 GMT)

Blue Frog files for bankruptcy
Blue Frog Media may have finally croaked. The Seattle company, which raised $16 million from Canaan Partners and MK Capital three years ago, filed for Chapter 7 bankruptcy. (Tue, 05 Feb 2008 02:34:01 GMT)

Auto parts manufacturer Dana exits bankruptcy
TOLEDO, Ohio -- Auto parts maker Dana Holding Corp. will continue expanding in China and other developing countries but won't give up its business with Detroit, executives said as the company emerged from bankruptcy Friday. (Tue, 05 Feb 2008 07:13:59 GMT)

Clifton preschool declares bankruptcy
CLIFTON -- The owner of a preschool that gave parents four days' notice before closing in December filed for federal bankruptcy protection last week. (Tue, 05 Feb 2008 07:15:40 GMT)

Prime Mortgage files for bankruptcy
SOUTHBORO - Prime Mortgage Financial Inc., which was once a top local mortgage company with more than $1 billion in loans during the housing boom, has filed for Chapter 7 liquidation in U.S. Bankruptcy Court in Worcester. (Tue, 05 Feb 2008 09:41:44 GMT)

Fortunoff Declares Bankruptcy
Jewelry and home furnishings retailer Fortunoff has filed for Chapter 11 bankruptcy and has agreed to sell its business to an affiliate of NRDC Equity Partners, which owns the Lord and Taylor department store chain. READ MORE >> (Tue, 05 Feb 2008 12:11:23 GMT)

Closed preschool files for bankruptcy
CLIFTON -- The owner of a preschool that gave parents four days' notice before abruptly closing in December filed for federal bankruptcy protection last week. (Tue, 05 Feb 2008 12:14:05 GMT)

Allied Van Lines parent files for bankruptcy protection
NEW YORK — Sirva Inc., the provider of moving services and parent of Allied Van Lines, filed for bankruptcy protection on Tuesday after struggling with too much debt in the U.S. housing downturn. (Tue, 05 Feb 2008 13:00:54 GMT)

Gateway Bankruptcy Can't Touch Benchmark's, Expert Says
Gateway Homes, owned by Kevin Hebner, filed bankruptcy this month. (Tue, 05 Feb 2008 15:41:56 GMT)

Allied Van Lines Files for Bankruptcy
Moving company Allied Van Lines Inc., along with its corporate parent Sirva Inc., filed for bankruptcy protection Tuesday, the latest victim of a heavy debt load and the downturn in the U.S. housing industry. (Tue, 05 Feb 2008 18:49:01 GMT)

Allied Van Lines parent files bankruptcy
Allied Van Lines, parent Sirva file for Chapter 11 bankruptcy (Tue, 05 Feb 2008 19:08:39 GMT)

Interactive TV Provider Blue Frog Mobile Files For Bankruptcy
Blue Frog Mobile, the Seattle company that works with TV stations to allow viewers to text messages in to appear on the screen, filed for Chapter 7 bankruptcy late last week, saying it wishes to liquidate its assets. (Tue, 05 Feb 2008 20:06:00 GMT)

Wickes Furniture plans February sale in bankruptcy court
Wickes Furniture Co. has abandoned hopes of reorganization and agreed to put itself on the bankruptcy auction block before the end of the month, according to court papers. (Tue, 05 Feb 2008 21:41:56 GMT)

No Money In Pure Weight Loss Bankruptcy: The Real Deal
It's not just clients of Pure Weight Loss that are out hundreds of thousands of dollars following the companies bankruptcy, now we're learning some former employees are too. Pure Weight... (Wed, 06 Feb 2008 02:04:29 GMT)

The potential first settlement between a borrower and a lender caught up in the bankruptcy of an Exeter Township ...
The potential first settlement between a borrower and a lender caught up in the bankruptcy of an Exeter Township company is awaiting court approval. (Wed, 06 Feb 2008 06:17:51 GMT)

Helicopter school declares bankruptcy
Silver State Helicopters, a flight training school that closed its Butte facility last year, declared bankruptcy Monday, leaving students in a jam and employees jobless. (Wed, 06 Feb 2008 07:44:36 GMT)

Allied Van Lines files for bankruptcy protection
Moving company Allied Van Lines Inc., along with its corporate parent Sirva Inc., filed for bankruptcy protection Tuesday, the latest victim of a heavy debt load and the downturn in the U.S. housing industry. The company, which is based in Westmont, Ill., listed assets of $924 million and debts of $1.2 billion. Sirva filed a prepackaged Chapter 11 petition in U.S. Bankruptcy Court in Manhattan ... (Wed, 06 Feb 2008 08:16:13 GMT)

Wickes Furniture files for bankruptcy
Wickes Furniture Co., with stores in Merrillville and Calumet City, has filed for bankruptcy. (Wed, 06 Feb 2008 11:02:58 GMT)

Protected Vehicles in SC files for bankruptcy protection
CHARLESTON, S.C. A North Charleston company that makes armored vehicles for the military is seeking bankruptcy protection. Protected Vehicles laid off its workers and stopped operations late last year. (Wed, 06 Feb 2008 15:58:28 GMT)

Protected Vehicles files for bankruptcy protection
Protected Vehicles, which builds bomb-resistant trucks for the military, has filed for Chapter 11 bankruptcy protection amid tough times for the armored vehicle industry. The North Charleston-based company laid off about 250 workers and ceased operations late last year, and its bankruptcy petition comes as the Marine Corps last year decided to buy a third fewer armored vehicles. Some observers ... (Wed, 06 Feb 2008 17:22:57 GMT)

Regulator wins key bankruptcy test case
The UK Pensions Regulator scored an important victory in a test case of its powers to force companies to make payments into their retirement schemes when Sea Containers , which is in bankruptcy proceedings, dropped its legal challenge to a ruling made last June. (Wed, 06 Feb 2008 21:18:50 GMT)

Judge's ruling prevents forcing NovaStar unit into bankruptcy
A judge has ruled against forcing a NovaStar Financial Inc. subsidiary into bankruptcy to collect $48.9 million it owes for a judgment rendered against it in June. (Wed, 06 Feb 2008 23:12:18 GMT)

Flight school files for bankruptcy
Dozens of Tulsa flight students and their instructors are upset after their company filed for bankruptcy. (Wed, 06 Feb 2008 23:38:02 GMT)

Helicopter school files for bankruptcy
BUTTE - Silver State Helicopters, a Nevada-based flight training school, has filed for Chapter 7 bankruptcy leaving former students with thousands of dollars in student loans for training they never received. (Thu, 07 Feb 2008 00:36:47 GMT)

Flight school at Gateway files for bankruptcy
Silver State Helicopters, a private flight school that operates out of Phoenix-Mesa Gateway Airport as well as at two other Arizona locations, has filed for Chapter 7 bankruptcy in Nevada. (Thu, 07 Feb 2008 01:07:28 GMT)

Calpine out of bankruptcy, leaner and greener
During two-plus years in bankruptcy, Calpine trimmed about 1,100 jobs, cut its debt by $7 billion and closed 19 offices. (Thu, 07 Feb 2008 01:50:25 GMT)

Protected Vehicles: Bankruptcy
A North Charleston company that makes armored vehicles for the military is seeking bankruptcy protection. Protected Vehicles laid off its workers and stopped operations late last year. (Thu, 07 Feb 2008 02:51:39 GMT)

Vehicle maker in bankruptcy
Two months after ceasing operations, armored-truck maker Protected Vehicles Inc. sought bankruptcy protection this week and vowed to resume production. But the company offered few details about its proposed restructuring. The ailing company, which lost $26 million last year, has debts of $... (Thu, 07 Feb 2008 06:08:14 GMT)

House Dems take stab at bankruptcy law
House Democrats have set up a vote today on a measure opposed by the banking industry that would gut a controversial provision of the 2005 Bankruptcy Act that made it far tougher for people to discharge private student loans. (Thu, 07 Feb 2008 14:36:12 GMT)

Former Dallas charter school leader filed for bankruptcy
The former superintendent of a Dallas charter school that collapsed in bankruptcy filed for personal bankruptcy herself shortly after she left the school in 2006, court records show. (Fri, 08 Feb 2008 02:32:34 GMT)

Forest Lake Ford will file for bankruptcy
After running under a receivership for just two weeks, the troubled Forest Lake Ford dealership notified a federal judge Thursday that it would be filing for bankruptcy protection. (Fri, 08 Feb 2008 03:09:02 GMT)

Spa maker sold to settle lawsuit, bankruptcy
Apollo West LLC, of Tukwila, Wash., has bought Spokane-based Apollo Plastics Inc., thereby largely resolving a lawsuit and bankruptcy filing involving the latter company, says Kevin O’Rourke, Apollo Plastics’ bankruptcy attorney. (Fri, 08 Feb 2008 08:16:44 GMT)

I have a bankruptcy coming off my credit after over 10 years...how much will my score go up???
I have a bankruptcy coming off my credit after over 10 years...how much will my score go up??? (Fri, 08 Feb 2008 08:34:08 GMT)

Bankruptcy/ My Truck?
Bankruptcy/ My Truck? (Fri, 08 Feb 2008 08:37:19 GMT)

Copter school files for bankruptcy
BUTTE - Silver State Helicopters, a Nevada-based flight training school, has filed for Chapter 7 bankruptcy, leaving former students with thousands of dollars in student loans for training they never received. (Fri, 08 Feb 2008 09:01:50 GMT)

Wickes Furniture files for bankruptcy
One of the leading furniture retailers in the nation has filed bankruptcy papers. (Fri, 08 Feb 2008 11:26:24 GMT)

Nifong Questioned at Bankruptcy Hearing
A bankruptcy trustee and a creditor representing two former Duke lacrosse players questioned former Durham prosecutor Mike Nifong at his bankruptcy hearing Friday morning. (Fri, 08 Feb 2008 12:23:15 GMT)

Nifong bankruptcy hearing today
People with potential financial claims against former District Attorney Mike Nifong will have an opportunity to ask him questions this morning during the first hearing in his bankruptcy case. (Fri, 08 Feb 2008 13:40:10 GMT)

Amp'd Mobile Files For Bankruptcy Protection
Highlighting the struggles that mobile virtual network operators face to break into the highly competitive cellular marker, Amp'd Mobile filed for Chapter 11 bankruptcy protection over the weekend. (Fri, 08 Feb 2008 15:48:26 GMT)

Jet charter hit with bankruptcy suit
Creditors of Jet Network LLC filed an involuntary Chapter 7 bankruptcy lawsuit filed against it on Jan. 31, claiming they are owed $791,858. (Fri, 08 Feb 2008 20:48:36 GMT)

Attorney General settles Decker College bankruptcy
Attorney General Jack Conway says his office and Decker College Inc.'s bankruptcy trustee have reached a settlement regarding former students. The settlement has been submitted to a U.S. Bankruptcy Court and is pending approval. A statement from Conway's office says thousands of Decker College trade program students who enrolled after April 1, 2004, would get relief under the proposal. The ... (Fri, 08 Feb 2008 21:43:15 GMT)

Forest Lake Ford may file for bankruptcy
The Forest Lake car dealership whose owner is accused of misusing $4 million in company credit appears to be going into bankruptcy. (Fri, 08 Feb 2008 23:19:59 GMT)

China legislates on bankruptcy of banks
BEIJING - A special ordinance on the bankruptcy of banking and financial institutions is being devised so as to establish a market-oriented bail-out mechanism, according to the China Banking Regulatory Commission (CBRC). (Sat, 09 Feb 2008 01:30:42 GMT)

Attorney General settles Decker College bankruptcy
Attorney General Jack Conway says his office and Decker College Inc.'s bankruptcy trustee have reached a settlement regarding former students. The settlement has been submitted to a U.S. Bankruptcy Court and is pending approval. (Sat, 09 Feb 2008 03:29:21 GMT)

China starts legislative precedure on bankruptcy of banking institutions
A special ordinance on the bankruptcy of banking and financial institutions is being devised so as to establish a market-oriented bail-out mechanism, according to the China Banking Regulatory Commission (CBRC). The legal instrument ... (Sat, 09 Feb 2008 05:14:02 GMT)

Surviving the Economy: Bankruptcy Blues
More and more average Americans pushed to the brink of financial ruin are being forced to at least consider bankruptcy as a possible option. (Sat, 09 Feb 2008 06:30:41 GMT)

Car dealer gets 4 years in bankruptcy, tax case
A Cherry Hill man was sentenced to four years in federal prison Friday for bankruptcy fraud and attempting to hide money from tax authorities. (Sat, 09 Feb 2008 08:14:29 GMT)

Man gets 4 years in bankruptcy fraud
CAMDEN A Cherry Hill man was sentenced to four years in federal prison Friday for bankruptcy fraud and for structuring bank transactions to evade financial reporting requirements, U.S. Attorney Christopher J. Christie announced. (Sat, 09 Feb 2008 09:31:43 GMT)

Attorney General settles Decker College bankruptcy
FRANKFORT, Ky. (AP) - Attorney General Jack Conway says his office and Decker College Inc.'s bankruptcy trustee have reached a settlement regarding former students. (Sat, 09 Feb 2008 15:18:16 GMT)

Manchester Inc. Seeks Protection of Chapter 11 of the Bankruptcy Code
Manchester Inc. Manchester Inc. and each of its subsidiaries today announced that they have filed for protection under Chapter 11 of the Federal Bankruptcy Code. (Sat, 09 Feb 2008 16:32:00 GMT)

Kerry's served with bankruptcy letter over her £1m debts
WAYWARD Kerry Katona is facing bankruptcy proceedings over her debts of nearly £1MILLION. (Sun, 10 Feb 2008 01:18:35 GMT)

Bankruptcy petitions jump 21 percent
The home mortgage crunch has reached One Memphis Place. At the home of the U. S. Bankruptcy Court, Western District of Tennessee, the number of petitions for relief filed last year rose about 21 percent over 2006 totals. (Sun, 10 Feb 2008 06:12:47 GMT)

Second Main Street developer files bankruptcy
Developer Gary Christensen has turned to the U.S. Bankruptcy Court to hold off creditors on his Gem Noble Building Downtown condominium project. (Sun, 10 Feb 2008 07:17:44 GMT)

St. Anthony’s to provide $1M towards bankruptcy settlement
By Ann McGlynn The Diocese of Davenport’s oldest parish, St. Anthony’s in Davenport, will provide $1 million toward the bankruptcy settlement between victims, the diocese and its insurance company, a letter sent to parishioners says. (Sun, 10 Feb 2008 08:14:23 GMT)

St. Anthony’s to provide $1M towards bankruptcy settlement
By Ann McGlynn The Diocese of Davenport’s oldest parish, St. Anthony’s in Davenport, will provide $1 million toward the bankruptcy settlement between victims, the diocese and its insurance company, a letter sent to parishioners says. (Sun, 10 Feb 2008 10:59:23 GMT)

Helicopter school files for bankruptcy, leaving students grounded, in debt
They dreamed of soaring over oceans and threading through clouds at the controls of a helicopter. (Sun, 10 Feb 2008 11:13:09 GMT)

Cooper a key player in Liberty House bankruptcy
The man hired to take over Hawaii's troubled telephone company was one of the people behind the bankruptcy reorganization of the Liberty House department store chain a decade ago. (Mon, 11 Feb 2008 06:40:12 GMT)

Gladney's Downtown North Development files bankruptcy
Downtown North Development Group LLC, a real estate company founded by Andrew Gladney, has filed for bankruptcy. (Mon, 11 Feb 2008 06:44:19 GMT)

Judge OKs bankruptcy liquidation of Edwardsville-based Prime Development
Judge Kenneth Meyers of U.S. Bankruptcy Court in East St. Louis has given four Metro East companies the green light to force Prime Development Inc. to liquidate. (Mon, 11 Feb 2008 06:45:34 GMT)

Hospital costs, bankruptcy effect overlooked in report
HELENA — In covering Attorney General Mike McGrath’s report on major hospital finances in Montana, the media all but ignored two of its touchiest subjects: What hospitals charge, and whether those charges are a leading cause of bankruptcy in Montana. (Mon, 11 Feb 2008 06:55:59 GMT)

Bankruptcy
This bankruptcy was filed Feb. 5 in U.S. District Court, Indianapolis, for the Southern District of Indiana. Chapter 7 (liquidation) (Mon, 11 Feb 2008 07:54:51 GMT)

Customer blames bankruptcy on IBM IT failure
American LaFrance (ALF), the "leading brand of custom-made fire fighting, fire rescue vehicles, ambulances, and heavy-duty work refuse vehicles," has declared bankruptcy, blaming IBM and a failed ERP implementation. According to filings in the District of Delaware bankruptcy court (PACER case no. 08-10178),... (Mon, 11 Feb 2008 13:43:12 GMT)

Why NWA CEO Steenland's role may be merger hang-up
Doug Steenland led Northwest Airlines through wrenching changes including a strike and bankruptcy, some of the toughest years in the airline's 82-year history. That may be one reason his role in a joined Delta and Northwest has been reported as a hang-up in talks between the two airlines. (Mon, 11 Feb 2008 14:35:24 GMT)

Holley, Specialty Car-Parts Maker, Files Bankruptcy (Update1)
Feb. 11 (Bloomberg) -- Holley Performance Products Inc., a maker of high-performance engine parts for drag-racing enthusiasts, filed for bankruptcy today, saying a late 1990s expansion left it with too much debt. (Mon, 11 Feb 2008 20:51:58 GMT)

Holley, Specialty Car-Parts Maker, Files Bankruptcy (Update2)
Feb. 11 (Bloomberg) -- Holley Performance Products Inc., a century-old maker of specialty parts for stock-car and drag- racing, filed for bankruptcy, faulting a late 1990s expansion for saddling the company with too much debt. (Mon, 11 Feb 2008 22:37:04 GMT)

Bankruptcy code changes contemplated
Lawmakers are scrutinizing a failed Democratic attempt last week to gut a key provision of the 2005 bankruptcy law as a barometer for a more controversial change to the bankruptcy code. (Mon, 11 Feb 2008 23:31:50 GMT)

Ariz. bankruptcy rates rise 63 percent
Arizona's bankruptcy count in January remained elevated compared to year-earlier levels, yet the pace of increase has eased in recent months. (Tue, 12 Feb 2008 00:49:18 GMT)

Diocese bankruptcy: Sacred Heart Cathedral to pay $1 million in settlement
Sacred Heart Cathedral in Davenport will give $1 million toward the $37 million Davenport Catholic Diocese bankruptcy settlement, making it the last of four churches involved to be publicly identified. (Tue, 12 Feb 2008 07:16:24 GMT)

Vietnam Transportation Firms To File For Bankruptcy
Five of the Ministry of Transports most indebted firms will declare bankruptcy in the 2008-09 period, said transport deputy minister Le Manh Hung. (Tue, 12 Feb 2008 07:17:50 GMT)

VIETNAM TRANSPORTATION FIRMS TO FILE FOR BANKRUPTCY
Transport   Five of the Ministry of Transports most indebted firms will declare bankruptcy in the 2008-09 period, said transport deputy minister Le Manh Hung. (Tue, 12 Feb 2008 07:17:50 GMT)

Who can help when you're facing bankruptcy?
Dear Bankruptcy Adviser, I have a mortgage of close to $25,000. The home is worth about $32,000. I became disabled and receive about $878 and I'm on Medcaid and welfare, with lots of credit card debt. I can't afford to do bankruptcy. (Tue, 12 Feb 2008 12:20:56 GMT)

Report: Champ Car to file for bankruptcy
While open-wheel fans wait to hear if IRL boss Tony George managed to make any headway with Japanese officials over the weekend about moving their race, there are reports the rival Champ Car series is planning to file for bankruptcy. (Tue, 12 Feb 2008 14:03:40 GMT)

AZ bankruptcy rates up 63 percent
A slowing economy and major problems in credit markets have led to higher levels of bankruptcies in Arizona. At the same time, bankruptcy levels may be starting to ease. (Tue, 12 Feb 2008 15:40:05 GMT)

Tapestry Pharmaceuticals prepares for bankruptcy
Tapestry Pharmaceuticals Inc. said Tuesday it intends to file for bankruptcy. (Tue, 12 Feb 2008 21:08:15 GMT)

Delphi bankruptcy plan may be in jeopardy: report
The $6.1 billion plan to bring auto-parts supplier Delphi Corp out of bankruptcy protection may be in jeopardy as bank lenders face trouble syndicating loans to other lenders, the Wall Street Journal said, citing people familiar with the matter. (Wed, 13 Feb 2008 01:51:17 GMT)

Japan Jan Corporate Bankruptcy Cases Up 5.5% On Year
TOKYO -(Dow Jones)- Japanese bankruptcy cases rose for the first time in two months in January, climbing 5.5% on year to 888 cases, private credit research agency Teikoku Databank Ltd. said Wednesday. (Wed, 13 Feb 2008 05:01:12 GMT)

Japan Jan Corporate Bankruptcy Cases Up 5.5% On Year
(RTTNews) - Corporate bankruptcy cases in Japan climbed by 5.5 percent on year, according to data released Wednesday by Teikoku Databank Ltd. That follows a 1 percent annual decline in December, the data showed. (Wed, 13 Feb 2008 05:15:15 GMT)

Fortunoff declares bankruptcy
NEW YORK (AP) - Jewelry and home furnishings retailer Fortunoff has filed for Chapter 11 bankruptcy and has agreed to sell its business to an affiliate of NRDC Equity Partners, which owns the Lord and Taylor department store chain. (Wed, 13 Feb 2008 07:17:45 GMT)

Wheeler‘s files for Chapter 11 bankruptcy
A slow housing market that forced Wheeler’s Building Materials to lay off workers last month has led to the company filing for Chapter 11 bankruptcy protection this week.Mark Manis, the chief executive officer of Wheeler’s, said it’s unfortunate when a business has to file Chapter 11, but that it’s an opportunity to get back on its feet and secure financial matters with its creditors. Click to ... (Wed, 13 Feb 2008 07:32:02 GMT)

(AFX UK Focus) 2008-02-13 09:54 GMT: China to issue guidelines regulating bankruptcy law - report
BEIJING (XFN-ASIA) - Supplementary laws to China's current bankruptcy law have entered the legislative process and should be passed soon, the China Daily said, citing the China Banking Regulatory Commission (CBRC). (Wed, 13 Feb 2008 10:13:02 GMT)

HELICOPTER SCHOOL BANKRUPTCY
Some instructors and former students at Silver State Helicopters are planning to open their own flight school after the Las Vegas-based company filed for Chapter 7 bankruptcy earlier this month. (Wed, 13 Feb 2008 12:43:05 GMT)

Delphi Bankruptcy Exit in Jeopardy
A plan by auto parts supplier Delphi Corp. to exit bankruptcy by the end of next month is in jeopardy as it struggles to get $6.1 billion in loans in the tight credit market. (Wed, 13 Feb 2008 15:33:07 GMT)

Inactive credit markets put Delphi bankruptcy exit in jeopardy
NEW YORK -- A plan by auto parts supplier Delphi Corp. to exit bankruptcy by the end of next month is in jeopardy as it struggles to get $6.1 billion in loans in the tight credit... (Wed, 13 Feb 2008 15:54:51 GMT)

Delphi May Require GM Financing for Bankruptcy Exit (Update3)
Feb. 13 (Bloomberg) -- Delphi Corp., the biggest U.S. auto- parts maker, may need financing from former parent General Motors Corp. to complete a $6.1 billion loan and emerge from bankruptcy protection. (Wed, 13 Feb 2008 18:37:01 GMT)

Propex Wins OK for Bankruptcy Loan
Propex Inc. won final court approval Wednesday to use the full amount of its $60 million loan to keep its carpet-backing manufacturing business up and running during its Chapter 11 bankruptcy case, a company executive said. (Wed, 13 Feb 2008 21:43:55 GMT)

Fairbanks diocese plans to file for bankruptcy
The Catholic Diocese of Fairbanks intends to file for bankruptcy reorganization within the next few weeks because negotiations to settle dozens of sexual abuse claims failed, the bishop announced Wednesday. (Thu, 14 Feb 2008 03:52:50 GMT)

Alaska diocese to file for bankruptcy
A Catholic Diocese in Alaska says it will file for bankruptcy after negotiations to settle sexual abuse claims failed. (Thu, 14 Feb 2008 03:57:42 GMT)

Silver State Helicopters' bankruptcy leaves students in Chino, elsewhere out of luck, in debt
A company that trained helicopter pilots has closed its doors and filed for bankruptcy protection, leaving students who borrowed large sums for tuition with no licenses to show for it. (Thu, 14 Feb 2008 04:12:53 GMT)

Alaska diocese seeks bankruptcy to pay sex abuse claims
The Catholic Diocese of Fairbanks plans to file for bankruptcy after negotiations to settle sexual abuse claims failed, the bishop said Wednesday. (Thu, 14 Feb 2008 05:14:29 GMT)

Alaska diocese to file for bankruptcy
The Catholic Diocese of Fairbanks plans to file for bankruptcy after negotiations to settle sexual abuse claims failed, the bishop said Wednesday. (Thu, 14 Feb 2008 05:16:36 GMT)

Delphi struggles to exit bankruptcy
Delphi's long-expected exit from Chapter 11 bankruptcy protection could be delayed by months if the auto supplier has to renegotiate its exit plan and return to U.S. Bankruptcy Court for approval. (Thu, 14 Feb 2008 06:16:08 GMT)

Credit market threatens Delphi's bankruptcy exit
The plan of auto parts supplier Delphi Corp. to exit bankruptcy by the end of March is in jeopardy as it struggles to get $6.1 billion in loans in a tight credit market. (Thu, 14 Feb 2008 08:02:34 GMT)

Credit markets blocking Delphi bankruptcy exit
NEW YORK – A plan by auto parts supplier Delphi Corp. to exit bankruptcy by the end of next month is in jeopardy as it struggles to get $6.1 billion in loans in the tight credit market. (Thu, 14 Feb 2008 11:12:57 GMT)

Loudoun Independent Files Bankruptcy, Publication To Continue
The parent company of the Loudoun Independent newspaper last week filed for Chapter 11 bankruptcy. The owners say the action would permit the newspaper to continue publication while pursuing options to reorganize its debt. (Thu, 14 Feb 2008 15:28:17 GMT)

Creditors Fight Buffets' Bankruptcy Loan
Unsecured creditors of Buffets Inc. are continuing to fight the company's $385 million bankruptcy loan, arguing that the loan only benefits the restaurant chain's lenders and that restructuring benchmarks included in the loan's terms are inappropriate. (Thu, 14 Feb 2008 22:46:33 GMT)

Diocese of Fairbanks plans bankruptcy
The Roman Catholic diocese of Fairbanks, Alaska, plans to file for bankruptcy reorganization as it struggles with sexual abuse claims. (Fri, 15 Feb 2008 00:13:18 GMT)

Alaska: Diocese To File For Bankruptcy
The Catholic Diocese of Fairbanks will file for bankruptcy after negotiations to settle sexual abuse claims failed, the bishop, Donald J. Kettler, said Wednesday. (Fri, 15 Feb 2008 03:47:44 GMT)

Bankruptcy court is next step in city's Asarco fight
Lawyers for El Paso will be back in court today, this time in a Corpus Christi bankruptcy court to continue the effort to prevent Asarco from opening its smelter. (Fri, 15 Feb 2008 07:10:51 GMT)

 Company winding up and bankruptcy petition court statistics - fourth quarter 2007
The Ministry of Justice today publishes statistics for company winding up, and creditors' and debtors' bankruptcy petitions issued in the High Court and county courts of England and Wales during the Fourth quarter of 2007. (Fri, 15 Feb 2008 09:59:16 GMT)

Loudoun Independent Files Bankruptcy, Publication To Continue
The parent company of the Loudoun Independent newspaper last week filed for Chapter 11 bankruptcy. The owners say the action would permit the newspaper to continue publication while pursuing options to reorganize its debt. (Fri, 15 Feb 2008 13:30:06 GMT)

CHYS: Files Chapter 11 Bankruptcy; Negotiations for Restructuring
Charys Holding Company, Inc. (CHYS) announced that, to implement certain pre-negotiated agreements in principle with its largest creditors that will reduce debt, rationalize its capital structure and provide a platform for future profitability, it has filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of ... (Fri, 15 Feb 2008 14:35:10 GMT)

Fairbanks Catholic diocese to file for bankruptcy
ANCHORAGE - The Catholic Diocese of Fairbanks will file for bankruptcy after negotiations to settle sexual abuse claims failed, the bishop said Wednesday. (Fri, 15 Feb 2008 14:39:21 GMT)

Charys Holding seeks bankruptcy protection
Charys Holding Co. has filed for Chapter 11 bankruptcy protection and its chairman and CEO has resigned. (Fri, 15 Feb 2008 15:13:10 GMT)

Wornick files Chapter 11 bankruptcy, reorganization plan
The Wornick Co. on Friday announced a plan to reorganize via a Chapter 11 bankruptcy filing. It filed the bankruptcy petition Thursday in the U.S. Bankruptcy Court for the Southern District of Ohio in Cincinnati. (Fri, 15 Feb 2008 19:27:01 GMT)

Bankruptcy Court Approves Procedures for Sale of Summit Global Logistics Assets to TriDec Acquisition Co. Inc.
Summit Global Logistics, Inc. (OTCBB: SGLT) ("Summit") today announced that the U.S. Bankruptcy Court approved procedures for a sale of the company's assets and certain of Summit's subsidiaries to TriDec Acquisition Co. Inc. ("TriDec"). The sale will be completed via an auction in accordance with section 363 of Chapter 11 of the U.S. Bankruptcy Code. TriDec is a company formed by certain ... (Fri, 15 Feb 2008 20:54:31 GMT)

Nichols Bros. exits bankruptcy
South Whidbey Island's largest employer, Nichols Bros. Boat Builders, has officially exited from bankruptcy. (Fri, 15 Feb 2008 23:18:12 GMT)

Franklin homebuilder files for bankruptcy protection
A Franklin-based homebuilder has filed for bankruptcy reorganization after seeing a sharp drop in business because of weaker sales. The filing by Corinthian Custom Homes Inc. comes as homebuilders and some buyers grapple with tighter lending standards after the recent subprime mortgage meltdown. Homebuilders also find themselves competing with an increasing number of foreclosed properties in ... (Sat, 16 Feb 2008 00:12:23 GMT)

McGee adviser files for bankruptcy
Troubled sports financial adviser Craig Curry filed for bankruptcy a day before he and his lawyer faced potential court sanctions Friday in a lawsuit involving Buffalo Bills cornerback Terrence McGee. (Sat, 16 Feb 2008 00:13:25 GMT)

McGee's ex-financial planner files for bankruptcy in Houston
HOUSTON (AP) - Troubled sports financial adviser Craig Curry has filed for bankruptcy in Houston. The filing came one day before Curry and his lawyer faced potential court sanctions in a suit involving Buffalo Bills cornerback Terrence McGee. Now that hearing has been postponed. (Sat, 16 Feb 2008 00:30:41 GMT)

McGee's ex-financial planner files for bankruptcy in Houston
Associated Press - February 15, 2008 7:25 PM ET HOUSTON (AP) - Troubled sports financial adviser Craig Curry has filed for bankruptcy in Houston. (Sat, 16 Feb 2008 00:37:00 GMT)

Federal bankruptcy judge resigns
A federal bankruptcy judge from Boston who pleaded no contest Wednesday to driving while intoxicated in Manchester, N.H., resigned yesterday. (Sat, 16 Feb 2008 06:56:36 GMT)

Franklin builder seeks protection in bankruptcy
A Franklin-based homebuilder has filed for bankruptcy reorganization after seeing a sharp drop in sales. The filing by Corinthian Custom Homes Inc. comes as homebuilders grapple with tighter lending standards linked to the subprime mortgage meltdown. (Sat, 16 Feb 2008 08:20:10 GMT)

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