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Home > Bankruptcy News

Bankruptcy News Mar 2008

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Bankruptcy Shuts Down Long-Time Waterloo Business
Bankruptcy forces a long-time Waterloo business to close. Waterloo Service Company on Airline Highway closed Friday, filing for chapter seven bankruptcy. (Tue, 18 Mar 2008 22:08:55 GMT)

USProtect sued for involuntary bankruptcy, loses federal contracts
In the last five days, USProtect Services Corp. has been sued for involuntary bankruptcy, lost its contracts to provide security at federal buildings and learned that prosecutors are looking to seize $6.9 million in cash and two homes from its owner. (Tue, 18 Mar 2008 23:14:43 GMT)

Powermate files bankruptcy and plans to close plant in Kearney
OMAHA, Neb. (AP) - Power equipment manufacturer Powermate Corporation has filed for bankruptcy and announced plans to close its Kearney, Nebraska, plant, eliminating about 200 jobs. (Tue, 18 Mar 2008 23:42:00 GMT)

Pennsauken company in bankruptcy
Shapes/Arch Holdings LLC, parent of Aluminum Shapes, one of the area's largest manufacturers, has filed for Chapter 11 bankruptcy protection. (Wed, 19 Mar 2008 07:23:08 GMT)

Divorce, bankruptcy interfere with action on unsafe buildings
MUNCIE -- Dale Mullins, the first person on the agenda of the city's unsafe building hearing authority on Tuesday, is going through bankruptcy. (Wed, 19 Mar 2008 07:31:26 GMT)

Powermate Files Bankruptcy
Power equipment manufacturer Powermate Corp. has filed for bankruptcy and announced plans to close its Kearney plant, eliminating about 200 jobs. (Wed, 19 Mar 2008 12:56:55 GMT)

Should I file for bankruptcy?
Dear FSB: We are a very small family landscaping business (sub S-corp). Our work season hasn't started and we're already in debt by about $12,000. We're looking to borrow up to $10,000 more to carry us until the season begins. In the event that we can neither pay down the debt nor pay ourselves, should we consider a bankruptcy filing? If so, which option (Chapter 7, 11, or 13) offers us the best ... (Wed, 19 Mar 2008 13:54:46 GMT)

Thornburg seeks $1 billion to avert bankruptcy risk
NEW YORK - Thornburg Mortgage Inc , a struggling "jumbo" home loan provider, said Wednesday it would try to quickly raise nearly $1 billion of capital to keep five lenders at bay and avert a possible bankruptcy filing. (Wed, 19 Mar 2008 20:05:44 GMT)

Aum's bankruptcy proceedings to end 13 years on
The bankruptcy proceedings for Aum Shinrikyo will conclude on March 26 even though the doomsday cult will pay only 40 percent of the ¥3.8 billion owed to victims of the crimes it committed more than... Read more ... (Wed, 19 Mar 2008 21:24:20 GMT)

Bellwright Industries in bankruptcy
A manufacturer of precision parts for the automotive industry and other businesses sought bankruptcy protection this week, less than a year after a critical deal with a customer soured. (Thu, 20 Mar 2008 04:41:00 GMT)

Builders Face Bankruptcy Due To Price Hikes In Vietnam
HANOI, March 20 Asia Pulse The price of construction materials has continued to increase this year, the Vietnam Association of Contractors said on March 18 at a conference on the risks of bankruptcy. Because of unexpected rises, many projects have come to a standstill, creating heavy losses for contractors. To overcome the situation, the Government has allowed companies to adjust prices for ... (Thu, 20 Mar 2008 04:56:40 GMT)

Bankruptcy mortgage relief
Proposed legislation would offer mortgage borrowers in bankruptcy some relief. But passing the bill could be an uphill battle. (Thu, 20 Mar 2008 10:00:00 GMT)

Holley bankruptcy plan approved early
Bowling Green-based Holley Performance Products’ bankruptcy restructuring plan was approved Tuesday by Judge Peter J. Walsh of the U.S. Bankruptcy Court in Wilmington, Del., a day earlier than expected. (Thu, 20 Mar 2008 13:13:30 GMT)

Bankruptcy judges may get to modify mortgages
Federal bankruptcy courts currently offer only scant relief to homeowners who can't afford to pay their mortgages. That could change, if supporters of legislation that would allow bankruptcy judges to modify mortgages can muster enough votes in Congress to override a threatened presidential veto. (Thu, 20 Mar 2008 14:00:06 GMT)

TrentonWorks Railcar Plant Files For Bankruptcy
Chairman Gerald Regan resigned after Oregon-based Greenbrier, owners of the TrentonWorks railcar plant, said they intend to apply for bankruptcy. (Thu, 20 Mar 2008 14:20:32 GMT)

Aloha Airlines Files for Bankruptcy
Aloha Airlines has filed for Chapter 11 bankruptcy protection, a little more than two years after emerging from bankruptcy. (Fri, 21 Mar 2008 03:21:58 GMT)

Aloha Airlines Files for Bankruptcy
Aloha Airlines filed for Chapter 11 bankruptcy protection Thursday, a little more than two years after emerging from bankruptcy. Aloha said it will continue to fly as long as a bankruptcy court accepts the airline's financial plan to keep... (Fri, 21 Mar 2008 05:36:36 GMT)

Aloha Airlines Files For Bankruptcy, Again
Hawaii's Aloha Airlines has filed for Chapter 11 bankruptcy protection, a little more than two years after emerging from bankruptcy. (Fri, 21 Mar 2008 07:00:03 GMT)

Aloha Air files for bankruptcy, cites rival's 'predatory pricing'
Aloha Airlines filed for Chapter 11 bankruptcy protection Thursday, a little more than two years after emerging from bankruptcy. (Fri, 21 Mar 2008 12:48:05 GMT)

Bankruptcy may be best option for debt-laden Jefferson County, two county officials say
Bankruptcy may be Jefferson County's best way out of a financial crisis that has seen its interest costs mount and its credit reduced to junk status, two county commissioners who have been meeting with advisers said Thursday. (Fri, 21 Mar 2008 13:00:19 GMT)

Aloha Air blasts rival as it files for 2nd bankruptcy since 2004
Aloha Airlines filed for Chapter 11 bankruptcy protection late Thursday, seeking to restructure just two years since it emerged from a previous bankruptcy trip. The carrier said it will keep flying as normal, as long as the bankruptcy court overseeing... (Fri, 21 Mar 2008 13:22:45 GMT)

After bankruptcy, Delphi to trade on NYSE
Delphi Corp. announced March 20 that the New York Stock Exchange has approved listing the company's shares when it emerges from Chapter 11 bankruptcy. (Fri, 21 Mar 2008 13:56:07 GMT)

Aloha Airlines Files for Bankruptcy
Aloha Airlines filed for Chapter 11 bankruptcy protection Thursday, a little more than two years after emerging from bankruptcy. Aloha said it will continue to fly as long as a bankruptcy court accepts the airline's financial plan to keep operating. (Fri, 21 Mar 2008 14:15:05 GMT)

NovaStar will pay $2M to settle involuntary bankruptcy attempt
American Interbanc Mortgage LLC has agreed to accept slightly more than $2 million to end its bid to force a unit of NovaStar Financial Inc. into involuntary bankruptcy. (Fri, 21 Mar 2008 14:39:19 GMT)

Aloha Airlines files for bankruptcy
Aloha Airgroup Inc. has filed for bankruptcy for the second time in little more than two years, citing high fuel prices and fierce competition in the inter-island business. (Fri, 21 Mar 2008 14:58:18 GMT)

After bankruptcy, Delphi to trade on NYSE
Delphi Corp. announced Thursday that the New York Stock Exchange has approved listing the company's shares when it emerges from Chapter 11 bankruptcy. (Fri, 21 Mar 2008 18:37:48 GMT)

Congress crafting relief for homeowners in bankruptcy
Federal bankruptcy courts currently offer only scant relief to homeowners who can't afford to pay their mortgages. That could change, if supporters of legislation that would allow bankruptcy judges to modify mortgages can muster enough votes in Congress to override a threatened presidential veto. (Sat, 22 Mar 2008 00:43:19 GMT)

Alitalia nearer bankruptcy after Berlusconi veto vow
Alitalia lurched a step closer to bankruptcy yesterday after Silvio Berlusconi, Italy's opposition leader, said he would block a takeover bid by Air France-KLM if elected prime minister next month. (Sat, 22 Mar 2008 02:18:17 GMT)

Alitalia nearer bankruptcy after Berlusconi veto vow
Alitalia lurched nearer bankruptcy yesterday after Silvio Berlusconi, Italy's opposition leader, said he would block an Air France-KLM takeover bid Air France-KLMif elected premier next month. (Sat, 22 Mar 2008 02:18:47 GMT)

After filing for bankruptcy protection, Aloha seeking to sell its operations
HONOLULU - Aloha Airlines said in U.S. Bankruptcy Court on Friday that it was in discussions to sell all or some of its company. (Sat, 22 Mar 2008 02:55:00 GMT)

Aloha Airlines Begins Bankruptcy Proceedings
DOWNTOWN HONOLULU (KHNL) -- Hawaii's inter-island airfare has claimed its latest casualty: Aloha Airlines. Representatives for the 61-year-old local carrier appear in bankruptcy court Friday, the second time in just over two years. They point the finger at go! (Sat, 22 Mar 2008 04:47:45 GMT)

Natchez hospital's bankruptcy bill sent to governor
A bill that would allow Natchez Regional Medical Center to file Chapter 9 bankruptcy has been sent to Gov. Haley Barbour. (Sat, 22 Mar 2008 05:20:09 GMT)

Hudson employer files for bankruptcy
HUDSON - LB Furniture Industries, one of Hudson's largest employers, has filed for bankruptcy. (Sat, 22 Mar 2008 07:19:16 GMT)

Bankruptcy filings expected to rise in southern New Mexico (4:55 p.m.)
LAS CRUCES — Bankruptcy filings soon will be on the rise in southern New Mexico. That is the opinion of some professionals in the debt management and accounting fields. (Sat, 22 Mar 2008 22:59:22 GMT)

Aloha Airlines files for bankruptcy protection
Aloha Airlines in the US has once again filed for Chapter 11 bankruptcy protection. (Sat, 22 Mar 2008 23:53:37 GMT)

After filing for bankruptcy protection, Aloha seeking to sell its operations
HONOLULU - Aloha Airlines said in U.S. Bankruptcy Court on Friday that it was in discussions to sell all or some of its company. The state's second-largest airline filed for Chapter 11 bankruptcy protection Thursday, a little more than two years after emerging from bankruptcy. (Sun, 23 Mar 2008 00:16:05 GMT)

Bankruptcy filing leaves court security officers without pay
Court security officers at the federal courthouse in El Paso have been working without pay since the company that hired them filed bankruptcy earlier this month. (Sun, 23 Mar 2008 00:32:48 GMT)

More people to file bankruptcy in 2008, experts say
To read a description of the different types of bankruptcies, click here. LAS CRUCES — Bankruptcy filings soon will be on the rise in southern New Mexico. (Sun, 23 Mar 2008 07:06:55 GMT)

Judge warns that many of us are a bankruptcy waiting to happen
Bad credit decisions and foolish spending make many of us dangerously vulnerable to economic downturns, says a local bankruptcy judge. (Sun, 23 Mar 2008 07:13:30 GMT)

Settlement avoids bankruptcy for Will County deputies who lost lawsuit
CHICAGO (AP) - Authorities say the Will County Sheriff's deputies who lost a $15.5 million judgment to the parents of slain 3-year-old Riley Fox will not be forced into bankruptcy. (Sun, 23 Mar 2008 08:02:10 GMT)

Forsyth ambulance company files for Chapter 7 bankruptcy
One of two private ambulance companies based in Forsyth County has filed for bankruptcy, but county officials will wait to see its effects before deciding whether to allow any other firm to fill the void. (Mon, 24 Mar 2008 04:37:43 GMT)

Bankruptcy slows cleanup of razed Fresno building
City officials moved quickly in January to bring down an unstable building in downtown Fresno, but two months later a half-block of debris remains behind because the building's owner declared bankruptcy. (Mon, 24 Mar 2008 06:30:04 GMT)

Credit crunch puts some companies on S&P watch list
Homeowners aren't alone in struggling to keep up with their interest payments. As Bear Stearns' near-brush with bankruptcy shows, some companies also are dodging the repo man. (Mon, 24 Mar 2008 06:32:10 GMT)

Deputies will not be forced into bankruptcy
Authorities say the Will County Sheriff's deputies who lost a $15.5 million judgment to the parents of slain 3-year-old Riley Fox will not be forced into bankruptcy. (Mon, 24 Mar 2008 09:10:41 GMT)

Bankruptcy court moves out of city
People from all over the area have historically counted on Danville for their federal judicial needs. Residents of four counties come to the U.S. Courthouse and Post Office Building on Main Street for District Court and Bankruptcy Court proceedings. Last year, the government began to quietly shut down a service hundreds relied on, forcing people with little money to invest a lot of time and ... (Mon, 24 Mar 2008 09:16:56 GMT)

Aloha Airlines says it's for sale
Aloha Airlines said in U.S. Bankruptcy Court on Friday that it was in discussions to sell all or some of its company. (Mon, 24 Mar 2008 12:07:31 GMT)

$15.5 Million Settlement Avoids Bankruptcy for Will County Deputies
Illinois authorities say the Will County Sheriff's deputies who lost a $15.5 million judgment to the parents of slain 3-year-old Riley Fox will not be forced into bankruptcy. Both sides have repor (Mon, 24 Mar 2008 13:27:44 GMT)

Bankruptcy court moves out of Danville
People from all over the area have historically counted on Danville for their federal judicial needs. Residents of four counties come to the U.S. Courthouse and Post Office Building on Main Street for District Court and Bankruptcy Court proceedings. (Mon, 24 Mar 2008 14:47:12 GMT)

Tropicana Threatened It With Bankruptcy
Tropicana Entertainment LLC says its bondholders are trying to force it into bankruptcy in an effort to gain a bargaining advantage over the company. (Mon, 24 Mar 2008 21:03:37 GMT)

Ethanex Energy Inc. to file bankruptcy
Having failed to raise $1.5 million in interim financing, E thanex Energy Inc. plans to seek bankruptcy court protection, according to a posting Monday with securities regulators. (Tue, 25 Mar 2008 03:55:11 GMT)

Delphi's exit from bankruptcy delayed
Delphi, acknowledging it is unlikely to emerge from bankruptcy before March 31, has asked a court to allow it increase the amount of collateral it will offer against its $2 billion in unpaid pension obligation. (Tue, 25 Mar 2008 05:10:55 GMT)

Asarco seeks new delay on bankruptcy
WASHINGTON — Tucson-based copper producer Asarco LLC says it needs two more months to develop its plan to exit bankruptcy protection as it enters the final stages of finding a buyer for its assets. (Tue, 25 Mar 2008 07:13:51 GMT)

Corporate bankruptcy rate is rising
Homeowners aren't alone in struggling to keep up with their interest payments. As Bear Stearns' near-brush with bankruptcy shows, some companies also are dodging the repo man. (Tue, 25 Mar 2008 08:06:47 GMT)

Bankruptcy abuse
Rcking up credit card debt with the intent to declare bankruptcy is fraudulent, says the Bankruptcy Adviser. (Tue, 25 Mar 2008 10:00:00 GMT)

Thornburg Amends Ownership Rules As It Aims to Raise New Capital to Stave Off Bankruptcy
NEW YORK (AP) - Mortgage lender and investor Thornburg Mortgage Inc. has changed its bylaws to allow an investor to own up to 30 percent of the company's stock as it tries to raise new capital to stave off bankruptcy. (Tue, 25 Mar 2008 12:10:59 GMT)

Asarco seeks more time to file bankruptcy plan amid auction (6:10 a.m.)
WASHINGTON — Copper-mining company Asarco LLC says it needs two more months to develop its plan to exit bankruptcy protection as it enters the final stages of finding a buyer for its assets. (Tue, 25 Mar 2008 12:19:25 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, 25 Mar 2008 12:40:49 GMT)

NYSE approves Delphi listing after bankruptcy Tuesday, March 25, 2008
Troy, MI -- According to an article in the Dayton Business Journal, "Delphi Corp. announced Thursday that the New York Stock Exchange has approved listing the company's shares when it emerges from Chapter 11 bankruptcy. (Tue, 25 Mar 2008 13:10:18 GMT)

Bankruptcy Court Approves ASARCO LLC´s Bidding Process
The U.S. Bankruptcy Court for the Southern District of Texas today approved ASARCO LLC´s proposed (Wed, 26 Mar 2008 00:42:34 GMT)

Ethanol company to file for bankruptcy
Ethanex Energy Inc., a 2-year-old ethanol company, said it is planning to file for bankruptcy after being unable to gain interim financing. (Wed, 26 Mar 2008 05:12:52 GMT)

Ethanex to file for bankruptcy
BASEHOR, Kan. — Ethanex Energy Inc., a 2-year-old ethanol company that had planned to buy a plant in Sutherland, Neb., said it is planning to file for bankruptcy after being unable to gain interim financing. (Wed, 26 Mar 2008 05:44:02 GMT)

Brennan, Wiener & Associates Takes On Credit Card Giant Capital One ("What's in Your Wallet?") Over Post-Bankruptcy ...
James Krider has filed a lawsuit against banking giant Capital One Bank over post-bankruptcy false credit reporting. Mr. (Wed, 26 Mar 2008 07:01:00 GMT)

Specialty Restaurant Group out of bankruptcy
Maryville-based Specialty Restaurant Group has emerged from Chapter 11 bankruptcy after just 13 months. Specialty Restaurant Group was granted judicial confirmation for its plan of reorganization, allowing the company to completely emerge from bankruptcy. (Wed, 26 Mar 2008 07:05:34 GMT)

Ethanol company in southeast Missouri files for bankruptcy
Ethanol company in southeast Missouri files for bankruptcy Eds: APNewsNow. Moving on general news and financial services. Cape Girardeau — A company that at one time planned to build an ethanol production plant in Cape Girardeau now will file for bankruptcy. Ethanex Energy Inc. was unable to gain interim financing. At one time, Ethanex planned a production facility at the SEMO Port Authority. ... (Wed, 26 Mar 2008 13:41:58 GMT)

Ethanol plant Co in Mo to declare bankruptcy
Posted: Wednesday, March 26, 2008 at 9:26 a.m. CAPE GIRARDEAU, MO (AP) -- A company that at one time planned to build an ethanol production plant in Cape Girardeau now will file for bankruptcy. Ethanex Energy Inc. was unable to gain interim financing. (Wed, 26 Mar 2008 14:28:30 GMT)

Enron, Citi settle bankruptcy claims for $1.6 billion
NEW YORK (MarketWatch) -- Another chapter was added to the saga of failed energy company Enron Corp when the now-defunct firm announced it had reached a bankruptcy agreement with long-time adversary Citigroup, Inc. (Wed, 26 Mar 2008 14:28:59 GMT)

Harvey Electronics, Inc. Announces Extension of Bankruptcy Financing; Will Close Selected Stores
LYNDHURST, N.J.----Harvey Electronics, Inc., a leading seller and custom installer of high quality, exclusive home theater, audio and video products in the New York metropolitan area, disclosed today that it has received a renewal of its interim financing order from the United States Bankruptcy Court for the Southern District of New York. (Wed, 26 Mar 2008 14:40:00 GMT)

BFWest files for bankruptcy
BFWest LLC, a company tied to mezzanine lender BuilderFinancial, filed for Chapter 11 bankruptcy on Wednesday. (Wed, 26 Mar 2008 18:18:14 GMT)

UPDATE: Enron, Citi Settle Bankruptcy Claims For $1.6 Billion
NEW YORK (Dow Jones) -- Another chapter was added to the saga of failed energy company Enron Corp. on Wednesday when the now-defunct firm announced it had reached a bankruptcy agreement with long-time adversary Citigroup, Inc. (Wed, 26 Mar 2008 19:41:54 GMT)

New Century Bankruptcy Examiner Says KPMG Aided Fraud (Update2)
March 26 (Bloomberg) -- New Century Financial Corp. 's bankrupt estate might have cause to sue its former accountant KPMG LLP and some directors and officers for improper accounting leading up to its bankruptcy, a court examiner said in a report. (Wed, 26 Mar 2008 21:29:52 GMT)

Ethanex Energy: Verge of Bankruptcy
The company that planned to build the plant in Jefferson County is now on the verge of bankruptcy. Ethanex Energy owners said this week they're laying off all but three employees and will likely file for bankruptcy protection soon. (Wed, 26 Mar 2008 23:36:31 GMT)

Disney Store Operator Files Bankruptcy
The Children's Place Retail Stores Inc. said late Wednesday that the company's subsidiary that operates the Disney Store chain has filed for bankruptcy protection as part of its previously announced plan to exit the Disney Store business and focus on its core brand. (Thu, 27 Mar 2008 02:19:26 GMT)

Farris Mathews' Coury Inducted As American College of Bankruptcy Fellow
Michael P. Coury, a member of Farris Mathews Branan Bobango Hellen & Dunlap PLC, has been inducted as an American College of Bankruptcy Fellow..... (Thu, 27 Mar 2008 05:12:52 GMT)

Disney Store unit of retailer files for bankruptcy protection
Hoop Holdings, a unit of Children’s Place Retail Stores Inc. and the operator of Disney Store North America, said late on Wednesday that it filed for protection from creditors under Chapter 11 of U.S. bankruptcy law. (Thu, 27 Mar 2008 07:43:18 GMT)

Disney Store unit of retailer files for bankruptcy protection
Disney Store unit of retailer files for bankruptcy protection (Thu, 27 Mar 2008 12:11:08 GMT)

US: Children’s Place subsidiary files for bankruptcy
This article is locked. You need to be a Full Member of just-style to view this article. Existing users, please login at the top of the page. Summary: Hoop Holdings, a subsidiary of retailer The Children's Place, has filed for Chapter 11 bankruptcy protection as part of plans to exit the Disney Stores North America (DSNA) business. (Thu, 27 Mar 2008 12:54:44 GMT)

Unit of Children's Place that operates Disney Stores files for bankruptcy
A unit of Children's Place that operates The Disney Stores has filed for bankruptcy , and is seeking to sell back a majority of the business to Walt Disney. (Thu, 27 Mar 2008 15:58:01 GMT)

PacificNet to Oppose Involuntary Bankruptcy Petition
BEIJING , March 27 /Xinhua-PRNewswire/ -- PacificNet, Inc. (Nasdaq: PACT ), a leading provider of gaming technology, e-commerce, and Customer Relationship Management (CRM) in China , announced today that three holders of PacificNet's Convertible Subordinated Debentures filed an involuntary petition for Chapter 11 relief in federal bankruptcy court late Saturday, March 22nd in Wilmington , DE. ... (Thu, 27 Mar 2008 17:20:28 GMT)

(AFX UK Focus) 2008-03-27 16:56 GMT: PacificNet to oppose involuntary bankruptcy petition
SAN FRANCISCO (Thomson Financial) - PacificNet Inc. said Thursday three holders of its convertible subordinated debentures filed an involuntary petition for Chapter 11 protection in federal bankruptcy court on March 22 in Wilmington, Del. (Thu, 27 Mar 2008 17:35:58 GMT)

"The secrets" of bankruptcy
SOUTHFIELD, Mich. -- As we all know, these are hard times for everyone, and there are many misconceptions regarding bankruptcy that are hurting individual situations rather than helping them. (Thu, 27 Mar 2008 18:28:44 GMT)

Bankruptcy judge gives OK on sale of Summit Global
Summit Global Logistics Inc. has received bankruptcy court approval to sell its business to a company formed by current managers and secured lenders, despite objections from the federal trustee and two creditors. (Fri, 28 Mar 2008 05:29:20 GMT)

State on its way to bankruptcy, Foy tells group
Ventura County Supervisor Peter Foy warned Thursday that California is going to spend itself into bankruptcy unless taxpayers pressure officials to be accountable for how they spend tax dollars. (Fri, 28 Mar 2008 07:00:50 GMT)

Ukraine president says bankruptcy of Naftogaz Ukrainy possible
KIEV, March 28 (Itar-Tass) - Ukrainian President Viktor Yushchenko said bankruptcy of Naftogaz Ukrainy is possible. “We have never been so close to bankruptcy of Naftogaz Ukrainy as we are at present,” he said during his visit of a military unit in Vasilkovskoye on Friday. (Fri, 28 Mar 2008 12:45:35 GMT)

Lionel Set to Exit Bankruptcy
A bankruptcy judge has approved Lionel LLC's Chapter 11 reorganization plan, clearing the way for the iconic model-train maker to exit bankruptcy. (Fri, 28 Mar 2008 18:45:19 GMT)

Answer Financial to Exit Bankruptcy
A bankruptcy court has signed off on Answer Financial Inc.'s plan to convert some of its debt into new stock in the reorganized insurance company, paving the way for it to emerge from bankruptcy. (Fri, 28 Mar 2008 18:52:56 GMT)

Ethanex files Chapter 7 bankruptcy
Ethanex Energy Inc. will be liquidated after filing for Chapter 7 bankruptcy late Thursday. (Fri, 28 Mar 2008 19:04:57 GMT)

Lionel set to leave bankruptcy after judge OKs plan
A bankruptcy judge has approved Chesterfield Township-based Lionel LLC's Chapter 11 reorganization plan, clearing the way for the iconic model-train maker to exit bankruptcy. (Fri, 28 Mar 2008 19:27:45 GMT)

Adam Aircraft to Auction off Assets in Bankruptcy Proceedings
Adam Aircraft Industries says it plans to auction off most of its assets next month. The company filed for bankruptcy and closed its doors in February after it failed to secure $30.5 million it was relying on to bridge a gap until more funding could be obtained. (Sat, 29 Mar 2008 00:13:18 GMT)

Citigroup settles Enron bankruptcy disputes
Citigroup has reached settlement agreements resolving the two remaining claims against it arising out of the collapse of Enron in 2001. Under the terms of the agreement, Citi will pay $1.66 billion to Enron and withdraw certain claims in the Enron bankruptcy proceeding. (Sat, 29 Mar 2008 02:35:32 GMT)

Ex-governor may manage timber firm bankruptcy
Former Gov. Pete Wilson will manage the reorganization of Scotia Pacific Co., the timber-holding subsidiary of bankrupt Pacific Lumber Co., if a Bankruptcy Court judge approves its creditors' plan, which is in a competition with four other proposals. (Sat, 29 Mar 2008 05:41:58 GMT)

El Paso Bankruptcy and Probate Law Firm Adds Partner
Attorneys Matt Watson and Omar Maynez have teamed up to establish a law firm with a unique package of services. By focusing on two main fields of law- El Paso probate and El Paso bankruptcy law, they serve their Texas community with two highly developed skill sets. If you've ever wondered what an El Paso foreclosure attorney and an El Paso trusts lawyer have in common, it is this: a genuine ... (Sat, 29 Mar 2008 07:18:07 GMT)

Ex-governor may manage timber firm bankruptcy
Former Gov. Pete Wilson will manage the reorganization of Scotia Pacific Co., the timber-holding subsidiary of bankrupt Pacific Lumber Co., if a Bankruptcy Court judge approves its creditors' plan, which is in a competition with four other proposals. Wilson,... (Sat, 29 Mar 2008 07:35:30 GMT)

Lionel Set To Leave Bankruptcy After Judge OKs Plan
Washington — A bankruptcy judge has approved Lionel LLC's Chapter 11 reorganization plan, clearing the way for the iconic model-train maker to exit bankruptcy. Judge (Sat, 29 Mar 2008 10:34:45 GMT)

Homeowners may get bankruptcy relief
Federal bankruptcy courts currently offer only scant relief to homeowners who can’t afford to pay their mortgages. That could change, if supporters of legislation that would allow bankruptcy judges to modify mortgages can muster enough votes in Congress to override a threatened presidential veto. (Sat, 29 Mar 2008 22:48:15 GMT)

Rodoni gives input to state on PALCO bankruptcy
Category: Local News Topics: Briefs Representing Humboldt County, Second District Supervisor Roger Rodoni recently attended a day-long special meeting in Sacramento by state officials to consider the Pacific Lumber Co. bankruptcy proceedings. (Sun, 30 Mar 2008 07:30:22 GMT)

Bankruptcy can be a useful tool to many
STATEN ISLAND, N.Y. -- Bankruptcy may not be the first thing that comes to mind when considering financial planning, but legal experts say it can be a useful tool to help people stay afloat and keep their homes in today's troubled economic and real estate markets. (Sun, 30 Mar 2008 11:52:22 GMT)

Ziff Davis' Ch 11 Bankruptcy Hearing: The Headwinds With Unsecured Bondholders
Ziff Davis, which is in the middle of its Chapter 11 bankruptcy re-org, has hit some headwinds from some of its unsecured noteholders...of course that's what led to the bankruptcy filing in the first place. (Sun, 30 Mar 2008 18:38:01 GMT)

Ziff Davis' Ch 11 Bankruptcy Hearing: The Headwinds With Unsecured Bondholders
Ziff Davis, which is in the middle of its Chapter 11 bankruptcy re-org, has hit some headwinds from some of its unsecured noteholders...of course that's what led to the bankruptcy filing in the first place. In a 62-page transcript of its hearing earlier this month, some details on it (embedded below: RSS readers will have to click through). (Sun, 30 Mar 2008 19:03:04 GMT)

Bankruptcy could be tool to help homeowners fight foreclosure
WASHINGTON (MarketWatch) -- For many people, filing for bankruptcy is seen as a scary, worst-case scenario, but consumer advocates say this last resort could be a real help for beleaguered homeowners. (Sun, 30 Mar 2008 21:05:01 GMT)

Aloha bankruptcy tougher this time around
Ten days after filing for Chapter 11 bankruptcy protection, Aloha Airlines said it had to stop flying for good. (Mon, 31 Mar 2008 05:58:11 GMT)

Bankruptcy could be tool to help homeowners fight foreclosure
Bankruptcy could be tool to help homeowners fight foreclosure (Mon, 31 Mar 2008 07:09:20 GMT)

White & Case number one as bankruptcy cases soar
The contenders for the title of leading US bankruptcy practice were revealed this month in a new list showing the number of pending cases at year-end 2007. ... (Mon, 31 Mar 2008 10:21:51 GMT)

Aloha Airlines Files for Bankruptcy
Rising gas prices push one airline to file for bankruptcy. (Mon, 31 Mar 2008 12:06:49 GMT)

Bankruptcy claims in 2007 up 8% from 2006
Toronto - More people have been filing for bankruptcy, with over 42,000 claims being filed last year in Ontario alone. That's up by more than eight per cent from the year before. (Mon, 31 Mar 2008 12:46:19 GMT)

Aloha Airlines Says "Aloha" And Files For Bankruptcy
(RTTNews) - Troubled airliner Aloha Airlines announced it was unable to find a buyer or financing to stay in business. Aloha's last day of passenger service will be Monday, less than two weeks after filing for Bankruptcy Court. (Mon, 31 Mar 2008 13:33:10 GMT)

Ampex Files for Bankruptcy Protection
Ampex Corp., an audio recording pioneer and data-storage system maker, filed for Chapter 11 bankruptcy protection Sunday as its pension liabilities outpaced earnings, the company said in a statement. (Mon, 31 Mar 2008 13:45:13 GMT)

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