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Home > Bankruptcy News

Bankruptcy News Apr 2008

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Bankruptcy filings in '07 soar in U.S., Colorado
U.S. bankruptcy filings jumped 38 percent last year compared with 2006, as many consumers struggled with higher mortgage payments and other debt loads, a nonprofit group said Tuesday. (Thu, 17 Apr 2008 03:15:12 GMT)

Bankruptcy Trustee Sues McDermott Will for Malpractice
A bankruptcy trustee for Saint Vincent's Catholic Medical Centers of New York has sued McDermott, Will & Emery for legal malpractice, charging that partners at the Chicago-based law firm "put their personal relationships and selfish economic concerns above the interests of the charitable institution they were entrusted to protect." The suit is requesting $1.2 billion in damages for legal ... (Thu, 17 Apr 2008 04:17:46 GMT)

Bankruptcy Trustee Sues McDermott Will for Malpractice
A bankruptcy trustee for Saint Vincent's Catholic Medical Centers of New York has sued McDermott, Will & Emery for legal malpractice, charging that partners at the Chicago-based law firm "put their personal relationships and selfish economic concerns above the interests of the charitable institution they were entrusted to protect." (Thu, 17 Apr 2008 07:01:55 GMT)

Number of bankruptcy filings in Pa. rose by 25% in 2007
Increase follows major drop in 2006 after tougher law was passed. Bankruptcy filings rose by one-fourth in Pennsylvania last year, as rising monthly mortgage payments overwhelmed already shaky household finances and tight credit markets hurt struggling businesses. (Thu, 17 Apr 2008 08:14:15 GMT)

Nursing home operator Marathon files for bankruptcy protection
Marathon Healthcare Inc., an East Hartford-based nursing home company that operates six facilities in Connecticut, including in Waterbury, Torrington and Prospect, filed for bankruptcy protection late Thursday. (Thu, 17 Apr 2008 08:15:50 GMT)

Bankruptcy filing delays sentencing
HARRISONBURG — Plans to sentence Richie Hansford "Shag" Conner for conspiring to deal methamphetamine and cocaine were scrapped Wednesday after the Edinburg sawmill owner filed for Chapter 11 bankruptcy. (Thu, 17 Apr 2008 09:07:00 GMT)

Condo owner files for bankruptcy - roanoke.com
The disclosure prompted BB&T to call off a planned auction at the lake. BB&T bank called off its scheduled auction Wednesday of a Smith Mountain Lake condominium tower upon learning that the building's owner would file bankruptcy. The owner, Bridgewater Pointe Partners LLC, later filed a Chapter 11 bankruptcy petition, which is ordinarily used by a troubled company to gain protection from ... (Thu, 17 Apr 2008 11:17:08 GMT)

ATA files for bankruptcy protection
CHICAGO — Discount carrier ATA Airlines Inc., crippled by high fuel costs and the loss of a crucial military charter contract, shut down Thursday after filing for bankruptcy protection from creditors. (Thu, 17 Apr 2008 11:25:12 GMT)

Frontier Airlines pushed into bankruptcy by worried credit card processor
NEW YORK (AP) — Frontier Airlines, the latest airline to file for bankruptcy, was pushed over the brink by a problem that could spread to other carriers: credit card troubles. (Thu, 17 Apr 2008 11:38:21 GMT)

Frontier focuses on emerging from bankruptcy as standalone
Frontier Airlines Holdings Inc. is focused on staying a standalone carrier as it reorganizes under bankruptcy protection. (Thu, 17 Apr 2008 16:19:55 GMT)

Bankruptcy filings more than double in Sacramento Valley
Bankruptcy filings more than doubled in the Sacramento Valley last year, outpacing the nationwide rate as more and more homeowners were forced to back out of mortgages. (Thu, 17 Apr 2008 17:09:24 GMT)

Bankruptcy filings more than double in Sacramento Valley
Bankruptcy filings more than doubled in the Sacramento Valley last year, outpacing the nationwide rate as more and more homeowners were forced to back out of mortgages. Filings rose by 100 percent in the Eastern District of the U.S. Bankruptcy Court, based in... (Thu, 17 Apr 2008 17:12:07 GMT)

Bankruptcy Out, A Whole Lot Else Could Be In House Housing Bill
A controversial measure that would allow bankruptcy judges to change mortgage terms for struggling homeowners won’t be in the housing package currently being assembled in the House, according to House Financial Services Chairman Barney Frank (D-Mass.). “I think the Senate has made it clear that it doesn’t have the votes,” Frank said Thursday of the bankruptcy provision. Frank added that he ... (Thu, 17 Apr 2008 20:15:20 GMT)

Water-park owner files for bankruptcy
The legal battle over the accidental drowning of a Joplin boy last summer has moved from civil court to bankruptcy court. (Fri, 18 Apr 2008 02:20:31 GMT)

Nursing home operator Marathon files for bankruptcy protection
Marathon Healthcare Inc., an East Hartford-based nursing home company that operates six facilities in Connecticut, including in Waterbury, Torrington and Prospect, filed for bankruptcy protection late Thursday. (Fri, 18 Apr 2008 07:43:22 GMT)

Bankruptcy judge warns against brinkmanship
U.S. Bankruptcy Judge Richard Schmidt outlined the grave risks creditors in the Pacific Lumber Co. case are taking if they cannot reach an agreement by the end of the month. (Fri, 18 Apr 2008 08:34:28 GMT)

No breakthroughs in PALCO bankruptcy stalemate
Category: Local News Topics: (none) The federal bankruptcy judge overseeing Pacific Lumber Co.’s Chapter 11 proceeding said the case started out with very little chance for a settlement among the parties to resolve the case. (Fri, 18 Apr 2008 09:25:47 GMT)

Frontier Airlines pushed into bankruptcy by worried credit card processor
NEW YORK (AP) — Frontier Airlines, the latest airline to file for bankruptcy, was pushed over the brink by a problem that could spread to other carriers: credit card troubles. (Fri, 18 Apr 2008 11:36:36 GMT)

Bankruptcy Rates Rose 38%
The percentage of people filing bankruptcy jumped 38% last year compared with 2006. (Fri, 18 Apr 2008 13:22:47 GMT)

Hancock Fabrics filing offers hope of exiting bankruptcy
Hancock Fabrics Inc., based in Baldwyn, released financial results for 2007 and announced plans to begin exiting bankruptcy. (Fri, 18 Apr 2008 16:50:27 GMT)

Call to readers: Bankruptcy woes
The housing downturn has devastated the fortunes of many in the region. The Bee wants to tell the stories of local residents who had to seek bankruptcy protection to get a fresh start. (Fri, 18 Apr 2008 19:30:24 GMT)

Local Bankruptcy Filings Double
News10 In Focus Bankruptcy filings for the Sacramento Valley doubled from 2006 to 2007 and could be even higher this year. (Fri, 18 Apr 2008 20:28:57 GMT)

Wranglers bankruptcy case ends, costing creditors millions
So far this season, the Austin Wranglers are doing much better in U.S. Bankruptcy Court in Austin than on the indoor football field, where they are 0-3 and giving up a league-worst 67 points a game. (Sat, 19 Apr 2008 00:06:11 GMT)

Frontier Airlines pushed into bankruptcy by worried credit card processor
NEW YORK (AP) — Frontier Airlines, the latest airline to file for bankruptcy, was pushed over the brink by a problem that could spread to other carriers: credit card troubles. (Sat, 19 Apr 2008 07:20:09 GMT)

Nursing home operator Marathon files for bankruptcy protection
Marathon Healthcare Inc., an East Hartford-based nursing home company that operates six facilities in Connecticut, including in Waterbury, Torrington and Prospect, filed for bankruptcy protection late Thursday. (Sat, 19 Apr 2008 07:57:03 GMT)

IAJE Cancels Seattle Conference, Declares Bankruptcy
The International Association of Jazz Education, a 40-year-old organization whose annual meetings have drawn thousands of artists, teachers, and industry people from around the world, has called off its 2009 Seattle conference and is going into Chapter 7 bankruptcy , according to Paul de Barros' article in the Seattle Times . Rumors and reports of the IAJE's troubles had been circulating for the ... (Sat, 19 Apr 2008 12:47:22 GMT)

Bankruptcy court judges taking hard look at mortgage-related fees
Slowly but surely, a handful of public-minded bankruptcy court judges are drawing back the curtain on the mortgage servicing business, exposing the onerous fees of banks. (Sun, 20 Apr 2008 03:24:18 GMT)

Save Our Springs tries to rebound amid bankruptcy case
For keen observers of Austin's development wars, federal judge Craig Gargotta's decision this month to reject a bankruptcy repayment plan by the Save Our Springs Alliance was tinged with historical irony. It was in the same courtroom in 2004, after all, that Circle C developer Gary Bradley, the nemesis of Save Our Springs, was told yet again that he owed the government more than $100 million for ... (Sun, 20 Apr 2008 03:32:51 GMT)

International Association for Jazz Education Declares Bankruptcy
In an official statement from association president Chuck Owen, the International Association for Jazz Education announced yesterday that it has filed for Chapter 7 bankruptcy. (Sun, 20 Apr 2008 04:11:08 GMT)

Frontier Airlines pushed into bankruptcy by worried credit card processor
NEW YORK (AP) — Frontier Airlines, the latest airline to file for bankruptcy, was pushed over the brink by a problem that could spread to other carriers: credit card troubles. (Sun, 20 Apr 2008 06:33:12 GMT)

Nursing home operator Marathon files for bankruptcy protection
Marathon Healthcare Inc., an East Hartford-based nursing home company that operates six facilities in Connecticut, including in Waterbury, Torrington and Prospect, filed for bankruptcy protection late Thursday. (Sun, 20 Apr 2008 08:27:31 GMT)

Vermont Castings owner files for bankruptcy
RANDOLPH, Vt. (AP) - The owner of Vermont Castings has filed for bankruptcy protection. CFM Corp. filed for reorganization under Chapter 11 of the bankruptcy code, which gives debtors a chance to reorganize, pay creditors and stay in business. (Sun, 20 Apr 2008 09:04:28 GMT)

Piling On: Borrowers Buried by Fees
A handful of public-minded bankruptcy court judges are exposing the questionable practices of the mortgage servicing business. (Sun, 20 Apr 2008 12:39:35 GMT)

Bankruptcy looking more likely for Vallejo
Vallejo will inch closer to financial ruin Tuesday when the City Council lets pass its do-or-die date to avert bankruptcy. City staff members have been unable to come up with a detailed, long-term financial plan because negotiations with the police and fire... (Mon, 21 Apr 2008 00:25:43 GMT)

APC Wireless Rescues Movida from Bankruptcy
APC Wireless subsidiary Cozac LLC has swept in a purchased the Hispanic MVNO, Movida. Movida recently declared bankruptcy after facing difficulties meeting its financial obligations to partner Sprint Nextel. With APC Wireless's support, the MVNO will offer the same ... (follow link to read) (Mon, 21 Apr 2008 01:21:25 GMT)

Pennsylvania bankruptcy filings on the rise
A weak economy and the residual effects of a 2005 bankruptcy law combined to raise bankruptcy filing rates in Pennsylvania and across the country in 2007. (Mon, 21 Apr 2008 04:27:08 GMT)

Three Falk-owned apartments file for Chapter 11 bankruptcy
Three financially troubled Greensboro apartment complexes owned by a local father-and-son development team have filed for Chapter 11 bankruptcy protection. (Mon, 21 Apr 2008 04:27:28 GMT)

Nursing home operator Marathon files for bankruptcy protection
Marathon Healthcare Inc., an East Hartford-based nursing home company that operates six facilities in Connecticut, including in Waterbury, Torrington and Prospect, filed for bankruptcy protection late Thursday. (Mon, 21 Apr 2008 08:57:49 GMT)

Frontier Airlines pushed into bankruptcy by worried credit card processor
NEW YORK (AP) — Frontier Airlines, the latest airline to file for bankruptcy, was pushed over the brink by a problem that could spread to other carriers: credit card troubles. (Mon, 21 Apr 2008 12:01:48 GMT)

Vallejo approaching key deadline to avoid bankruptcy
The city of Vallejo is approaching a key deadline as officials try to keep the city out of bankruptcy. (Mon, 21 Apr 2008 12:54:22 GMT)

Vallejo approaching key deadline to avoid bankruptcy
The city of Vallejo is approaching a key deadline as officials try to keep the city out of bankruptcy. After facing a $9 million deficit in March, a move to cut funding for some programs and an agreement by police and firefighters to take a 6.5 percent pay... (Mon, 21 Apr 2008 13:11:57 GMT)

Interstate wants more time for bankruptcy reorganization
Interstate Bakeries Corp. has asked the bankruptcy court for an extension of the time to consider confirmation of its plan for reorganizing and emerging from court protection. A hearing was set for Wednesday to consider the plan. (Mon, 21 Apr 2008 14:43:09 GMT)

Dan River files for bankruptcy
Dan River Inc., a maker of apparel fabric and bedroom linens, has filed for bankruptcy for the second time in four years. (Mon, 21 Apr 2008 21:42:11 GMT)

Save Our Springs tries to rebound amid bankruptcy case
For keen observers of Austin's development wars, federal judge Craig Gargotta's decision this month to reject a bankruptcy repayment plan by the Save Our Springs Alliance was tinged with historical irony. It was in the same courtroom in 2004, after all, that Circle C developer Gary Bradley, the nemesis of Save Our Springs, was told yet again that he owed the government more than $100 million for ... (Tue, 22 Apr 2008 04:03:52 GMT)

BANKRUPTCY: 2007 filings up 38% over previous year
Bankruptcy filings jumped 38 percent last year compared with 2006, as many consumers struggled with higher mortgage payments and other debt loads, a nonprofit group said last week. (Tue, 22 Apr 2008 07:11:55 GMT)

Vallejo tries to avoid bankruptcy
Filing for bankruptcy would make it harder for Vallejo to redevelop downtown. (Tue, 22 Apr 2008 07:21:31 GMT)

Keeping a car in bankruptcy
There are some alternatives to giving up your wheels when filing Chapter 7, says the Bankruptcy Adviser. (Tue, 22 Apr 2008 10:00:00 GMT)

Alitalia flies into unknown as bankruptcy looms
ROME (AFP) - Alitalia flew into the unknown on Tuesday after Air France-KLM withdrew its takeover offer, leaving Italy's long-struggling flagship airline with little choice but to contemplate bankruptcy or receivership. (Tue, 22 Apr 2008 11:25:57 GMT)

Alitalia flies into unknown as bankruptcy looms
Air France planes and an Alitalia aircraft are seen at Roissy Charles de Gaulle airport. Alitalia has flown into the unknown after Air France-KLM withdrew its takeover offer, leaving Italy's long-struggling flagship airline with little choice but to contemplate bankruptcy or receivership. (Tue, 22 Apr 2008 12:03:22 GMT)

Vallejo Struggles To Avoid Bankruptcy
The city of Vallejo is approaching a key deadline as officials try to keep the city out of bankruptcy. (Tue, 22 Apr 2008 14:06:52 GMT)

Alitalia flies into unknown as bankruptcy looms
Alitalia flew into the unknown on Tuesday after Air France-KLM withdrew its takeover offer, leaving Italy's long-struggling flag carrier with little choice but to contemplate bankruptcy or receivership. (Tue, 22 Apr 2008 14:27:03 GMT)

Dan River Inc. files for bankruptcy again
The is the second time the company has filed for bankruptcy in the past four year. (Tue, 22 Apr 2008 14:52:50 GMT)

Alitalia flies into unknown as bankruptcy looms
Alitalia flew into the unknown on Tuesday after Air France-KLM withdrew its takeover offer, leaving Italy's long-struggling flag carrier with little choice but to contemplate bankruptcy or receivership. (Tue, 22 Apr 2008 17:00:44 GMT)

Jockeys' Guild files to emerge from bankruptcy
The Jockeys' Guild has filed a plan to emerge from bankruptcy and says it can expect about $213,000 in income a month. (Tue, 22 Apr 2008 17:03:32 GMT)

Jockeys' Guild files to emerge from bankruptcy
The Jockeys' Guild has filed a plan to emerge from bankruptcy and says it can expect about $213,000 in income a month. The income would come from dues paid by jockeys and various payments from tracks. (Tue, 22 Apr 2008 17:44:21 GMT)

Berlusconi hit by first crisis as Alitalia faces bankruptcy
He is still more than a week away from taking office, but Italy's newly elected Prime Minister, Silvio Berlusconi, is wrestling with his first major crisis: the imminent bankruptcy of Alitalia. (Tue, 22 Apr 2008 23:15:28 GMT)

CC bankruptcy question
With the bankruptcy hearing looming will it be possible like in 2004 for someone to come in and buy it up and run it as a series? How does it stand that some events and the history are already "promised" to TG? (Wed, 23 Apr 2008 00:01:28 GMT)

Vallejo Sets New Bankruptcy Deadline
A deadline of April 22 came and went Tuesday as Vallejo city leaders tried and find solutions to avoid taking the city into bankruptcy. A new deadline has been set for May 6. (Wed, 23 Apr 2008 07:58:57 GMT)

Bankruptcy change gets another push
Consumer, civil rights advocates continue fighting for legislation to let homeowners avoid foreclosure in bankruptcy court. (Wed, 23 Apr 2008 08:53:03 GMT)

Nursing home operator Marathon files for bankruptcy protection
Marathon Healthcare Inc., an East Hartford-based nursing home company that operates six facilities in Connecticut, including in Waterbury, Torrington and Prospect, filed for bankruptcy protection late Thursday. (Wed, 23 Apr 2008 09:26:10 GMT)

Ford City company files for bankruptcy
Ford City-based Caracal Inc. filed for bankruptcy with plans to liquidate, after losing its $1.2 million-a-year contract with the Navy, a sign of tightening budgets during wartime, the company said. (Wed, 23 Apr 2008 12:09:51 GMT)

Dura bankruptcy judge rejects bond trader's request for payment
Dura Automotive Systems Inc., the Rochester-based auto-parts maker that plans to exit bankruptcy this year, doesn't have to pay for work a Miami bond trader did on creditors' behalf, a judge ruled, according to Bloomberg News. U.S. Bankruptcy Judge Kevin Carey rejected James W. Korth's request to be compensated for challenging Dura's reorganization plan, which pays nothing to many of Korth's ... (Wed, 23 Apr 2008 18:41:50 GMT)

Couple objects to bankruptcy
A Mason couple who say they're owed more than $1.5 million by Kurlemann Builders Inc. wants the high-end home builder's March bankruptcy filing thrown out of court. (Wed, 23 Apr 2008 20:36:11 GMT)

Kimball Hill files for bankruptcy protection
Rolling Meadows-based Kimball Hill Inc. filed for bankruptcy protection Wednesday but said it will use $60 million in cash to continue delivering new homes to buyers. (Thu, 24 Apr 2008 01:10:58 GMT)

Home builder files for bankruptcy
What one analyst called "a historically significant downturn" in the real estate industry has forced another developer with projects in the central San Joaquin Valley into bankruptcy court. (Thu, 24 Apr 2008 07:19:03 GMT)

Home builder Reynen files for personal bankruptcy protection
After months of wrangling with lenders over huge debts accumulated during the housing boom, prominent Sacramento-area home builder John D. Reynen filed Wednesday for personal bankruptcy protection. JOHN D. REYNEN He co-founded Reynen & Bardis Communities 35 years ago. (Thu, 24 Apr 2008 07:30:13 GMT)

Boston Hill bankruptcy case dismissed
A U.S. Bankruptcy Court judge dismissed the bankruptcy case involving the 118-acre Boston Hill property yesterday, and barred the owner from re-filing for bankruptcy for two years. (Thu, 24 Apr 2008 08:50:48 GMT)

Frontier Airlines pushed into bankruptcy by worried credit card processor
NEW YORK (AP) — Frontier Airlines, the latest airline to file for bankruptcy, was pushed over the brink by a problem that could spread to other carriers: credit card troubles. (Thu, 24 Apr 2008 11:27:09 GMT)

Nursing home operator Marathon files for bankruptcy protection
Marathon Healthcare Inc., an East Hartford-based nursing home company that operates six facilities in Connecticut, including in Waterbury, Torrington and Prospect, filed for bankruptcy protection late Thursday. (Thu, 24 Apr 2008 13:09:10 GMT)

Wis. bankruptcy filings jump nearly 30 percent
MILWAUKEE — Bankruptcy filings in Wisconsin jumped nearly 30 percent in the first quarter of the year as higher fuel and food costs combined with mortgage troubles. (Thu, 24 Apr 2008 13:53:10 GMT)

Dan River files for bankruptcy
For the second time in four years, Dan River Inc. has filed for bankruptcy, claiming liabilities of $100 million to $500 million and assets of $50 million to $100 million. (Thu, 24 Apr 2008 14:58:51 GMT)

Sacramento builder files for bankruptcy protection
A Sacramento-area home builder facing huge debts and buyers angered over what they claim are defective houses has filed for personal bankruptcy protection. Builder John D. Reynen of Reynen & Bardis Communities filed for Chapter 11 protection Wednesday in U.S.... (Thu, 24 Apr 2008 17:56:57 GMT)

Bankruptcy judge delays Nifong ruling
Mike Nifong, the former Durham district attorney, was in federal bankruptcy court today to find out whether a judge would lift the stay on the civil claims filed against him by the former Duke lacrosse players he tried to prosecute. (Thu, 24 Apr 2008 18:42:38 GMT)

More Families Filing for Bankruptcy
Each day seems to bring another example of the slumping economy. From January to March bankruptcy filings in Wisconsin have jumped up by about thirty percent. Court records show nearly five-thousand Wisconsin families have filed for bankruptcy in the past three months. Last year, during the same time only about thirty five hundred families had filed. High grocery prices, high gas prices, and the ... (Thu, 24 Apr 2008 23:15:54 GMT)

Report: 31 people file for bankruptcy every day in Phoenix
The number of people filing for bankruptcy in Phoenix has soared 78% from this time last year. According to records from the U.S. Bankruptcy Court, District of Arizona, 986 people filed for bankruptcy in March. Just 552 people filed last March. (Fri, 25 Apr 2008 00:50:05 GMT)

Kimball Hill files for bankruptcy aid
Kimball Hill Inc., which has developments under way throughout the Fox Valley, filed for bankruptcy protection this week but said it will use $60 million in cash to continue delivering new homes to buyers. (Fri, 25 Apr 2008 09:13:47 GMT)

Bankruptcy for Kimball Hill
Rolling Meadows-based Kimball Hill Inc. filed for bankruptcy protection Wednesday, but said it will use $60 million in cash to continue delivering new homes to buyers. (Fri, 25 Apr 2008 09:22:30 GMT)

Nursing home operator Marathon files for bankruptcy protection
Marathon Healthcare Inc., an East Hartford-based nursing home company that operates six facilities in Connecticut, including in Waterbury, Torrington and Prospect, filed for bankruptcy protection late Thursday. (Fri, 25 Apr 2008 11:22:33 GMT)

REDE: Bankruptcy Court Rules in Chapter 11 Case
RedEnvelope, Inc. (REDE) announced that in connection with its Chapter 11 case pending before the United States Bankruptcy Court in San Francisco, the Bankruptcy Court issued an order on April 22, 2008 granting authority to RedEnvelope, Inc. (the "Company") to enter into the $4.5 million debtor-in-possession credit facility and loan agreement by and among the Company, Granite Creek Partners ... (Fri, 25 Apr 2008 12:50:58 GMT)

Judge Hears Arguments On Nifong's Bankruptcy Case
DURHAM, N.C. -- A federal bankruptcy judge has delayed a decision on whether former prosecutor Mike Nifong's bankruptcy filing will hold up a civil suit against him by three former Duke lacrosse players. (Fri, 25 Apr 2008 13:07:02 GMT)

Frontier Airlines pushed into bankruptcy by worried credit card processor
NEW YORK (AP) — Frontier Airlines, the latest airline to file for bankruptcy, was pushed over the brink by a problem that could spread to other carriers: credit card troubles. (Fri, 25 Apr 2008 14:46:11 GMT)

Superior Offshore files for bankruptcy
Superior Offshore International Inc., which has experienced a mass exodus of top-level executives amid serious liquidity issues, on Friday said it had filed for Chapter 11 bankruptcy protection in federal court. (DEEP) (Fri, 25 Apr 2008 15:27:09 GMT)

What Bankruptcy Judges Can't Touch
When one family got stuck in a ballooning mortgacy from an inflexible bank, they declared bankruptcy. But with the law not on their side, they're still looking for a way to build a new foundation, Ben Tracy reports. (Fri, 25 Apr 2008 16:00:02 GMT)

Capri condo developers settle bankruptcy case
Capri on Caldwell, the high-end condominium project that filed Chapter 11 bankruptcy in late February, recently settled its case and is now under new ownership. (Fri, 25 Apr 2008 19:58:37 GMT)

Judge Stinnett Re-Appointed To Bankruptcy Post
R. Thomas Stinnett has been reappointed as a United Stated Bankruptcy Judge for the Eastern District of Tennessee. The appointment is made by the United States Court of Appeals for the Sixth Circuit. The new term is for an additional 14 years. (Fri, 25 Apr 2008 21:01:16 GMT)

Superior Offshore International Announces Filing of Chapter 11 Bankruptcy
Superior Offshore International, Inc. today announced that it filed a voluntary petition under Chapter 11 of the United States Bankruptcy Code , in the United States Bankruptcy Court for the Southern District of Texas . (Fri, 25 Apr 2008 21:30:00 GMT)

Hearing scheduled for Nifong's bankruptcy case
A federal bankruptcy judge has delayed a decision on whether former prosecutor Mike Nifong's bankruptcy filing will hold up a civil suit against him by three former Duke lacrosse players. (Fri, 25 Apr 2008 23:27:00 GMT)

Wilberger family lawsuit delayed by bankruptcy
The $26.5 million lawsuit filed by the family of Brooke Wilberger against the company that employed her accused kidnapper and killer remains delayed because the company has filed for bankruptcy. (Sat, 26 Apr 2008 00:53:06 GMT)

Nursing home operator Marathon files for bankruptcy protection
Marathon Healthcare Inc., an East Hartford-based nursing home company that operates six facilities in Connecticut, including in Waterbury, Torrington and Prospect, filed for bankruptcy protection late Thursday. (Sat, 26 Apr 2008 07:48:27 GMT)

Bankruptcy filed, tiny town hopes to rise again
The small southeast Arkansas town of Gould had just $10 in petty cash and owed more than $900,000 when it filed for Chapter 9 bankruptcy, according to court documents. (Arkansas Democrat-Gazette Northwest Edition) (Sat, 26 Apr 2008 12:28:32 GMT)

Indiana Developer Files for Bankruptcy
An Indianapolis-based real estate developer is filing for Chapter 11 bankruptcy and has listed nearly $3 million in debts owed to his top 20 unsecured creditors. Christopher P. White, the owner of Premier Properties USA, filed his bankruptcy petition in an Indianapolis court this week. (Sat, 26 Apr 2008 17:13:27 GMT)

Eos Airlines Files For Chapter 11 In U.S. Bankruptcy Court In Southern District Of New York - Quick Facts
(RTTNews) - Premium class New York to London carrier Eos Airlines on Saturday said it has filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code. The petition was filed April 26 in the U.S. Bankruptcy Court in the Southern District of New York. Eos will immediately reduce its workforce, eliminating most of its positions. (Sun, 27 Apr 2008 02:21:38 GMT)

Eos Airlines Files For Bankruptcy - Update
(RTTNews) - Premium class New York to London carrier Eos Airlines on Saturday said it has filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code. The company said it could not close on an investment that would have carried it to corporate profitability in 2009. (Sun, 27 Apr 2008 02:35:45 GMT)

FOOL’S SCHOOL Bankruptcy ABCs
Considering investing in a company in or near bankruptcy? Think twice. (Sun, 27 Apr 2008 06:08:31 GMT)

How to manage bankruptcy
More than a million Americans each year ask the question after the bankruptcy discharge court papers arrive in the mail: Now what? They've gotten the speech that this specter of bankruptcy will follow them around for five to 10 years. Recovery doesn't start after a decade, though; it starts immediately. (Sun, 27 Apr 2008 07:14:58 GMT)

Bankruptcy slows Wilberger suit
A $26.5 million lawsuit filed by the family of a missing Brigham Young University student against the company that employed her accused kidnapper and killer remains delayed because the company has filed for bankruptcy. (Sun, 27 Apr 2008 07:23:46 GMT)

Nursing home operator Marathon files for bankruptcy protection
Marathon Healthcare Inc., an East Hartford-based nursing home company that operates six facilities in Connecticut, including in Waterbury, Torrington and Prospect, filed for bankruptcy protection late Thursday. (Sun, 27 Apr 2008 10:16:38 GMT)

Eos Airlines collapses into bankruptcy
Eos Airlines, the loss-making US all-business class carrier, has collapsed into bankruptcy and is ceasing operations. Last-ditch efforts to raise $50m from one of its existing investors failed on Saturday and the airline said it did not have sufficient cash to continue operations. (Sun, 27 Apr 2008 11:41:36 GMT)

NY-Based Eos Airlines Files For Bankruptcy
New York-based business class-only Eos Airlines says it has filed for Chapter 11 bankruptcy and will cease operations by Monday. (Sun, 27 Apr 2008 14:29:04 GMT)

NY-Based Eos Airlines Files For Bankruptcy
PURCHASE, N.Y. -- New York-based business class-only Eos Airlines said it has filed for Chapter 11 bankruptcy and will cease operations by Monday. The airline is planning to operate its final flights between London's Stansted Airport and New York's Kennedy Airport on Sunday. (Sun, 27 Apr 2008 14:31:42 GMT)

Eos Airlines files bankruptcy
Eos Airlines, which offers business class flights between New York and London, said it has filed for Chapter 11 bankruptcy protection, becoming the latest carrier to fail in the face of record fuel prices and a softening economy. (Sun, 27 Apr 2008 18:10:30 GMT)

Eos Airlines fails to stave off bankruptcy
Eos Airlines, the lossmaking US all-business class carrier flying between London and New York, collapsed into bankruptcy and ceased operations yesterday. (Mon, 28 Apr 2008 02:21:37 GMT)

Reynen & Bardis owner files for personal bankruptcy
A source close to developer and homebuilder Reynen & Bardis Communities Inc. said a few months back that John D. Reynen would do everything possible to avoid bankruptcy for the company he co-founded 35 years ago, even as trouble mounted. (Mon, 28 Apr 2008 04:17:09 GMT)

Bankruptcy filings spike as slump takes toll
Boston's second business bankruptcy boom in the past 20 years has begun, and lenders are scrambling to keep soured real estate and construction projects from spiraling into big losses. (Mon, 28 Apr 2008 04:17:50 GMT)

Bankruptcy attorneys branch out, launch new practices
It's a good time to be an attorney handling distressed assets, bankruptcies or restructurings outside the courtroom. Several South Florida firms specializing in bankruptcy have expanded, and at least four local bankruptcy attorneys have started their own practices in the last year. (Mon, 28 Apr 2008 04:18:34 GMT)

Falcone Group reportedly seeks assets of in-bankruptcy TOUSA
Home builder TOUSA, now languishing in a multibillion-dollar Chapter 11 bankruptcy proceeding, may get a new owner or group of owners, according to talk in financial circles. (Mon, 28 Apr 2008 04:18:35 GMT)

Eos files for bankruptcy
Eos has filed for bankruptcy in the US Bankruptcy Court in the Southern District of New York. "This announcement is particularly regrettable since we have achieved so much, including having a term sheet in hand for additional financing. (Mon, 28 Apr 2008 06:06:27 GMT)

Nursing home operator Marathon files for bankruptcy protection
Marathon Healthcare Inc., an East Hartford-based nursing home company that operates six facilities in Connecticut, including in Waterbury, Torrington and Prospect, filed for bankruptcy protection late Thursday. (Mon, 28 Apr 2008 07:45:58 GMT)

Eos Airlines files for bankruptcy; to end operations
PURCHASE, N.Y. – Business class-only Eos Airlines has filed for Chapter 11 bankruptcy and will cease operations by today, officials said yesterday. (Mon, 28 Apr 2008 10:10:13 GMT)

NY-Based Eos Airlines Files For Bankruptcy
New York-based business class-only Eos Airlines says it has filed for Chapter 11 bankruptcy and will cease operations by Monday. (Mon, 28 Apr 2008 11:11:40 GMT)

Eos bankruptcy: Bad news for business-class
The Purchase, N.Y.-based airline's filing for bankruptcy raises concerns that launching a business-class only carrier isn't viable in the face of competition from other major airlines. (Mon, 28 Apr 2008 19:33:41 GMT)

NYRA Bankruptcy Plans Confirmed
The federal bankruptcy court in New York approved today the New York Racing Association's file for Chapter 11, ruling that NYRA had met all of the statutory requirements to confirm the plan. (Mon, 28 Apr 2008 20:47:53 GMT)

NYRA sees end in sight to bankruptcy
The New York Racing Association said Monday it's closer to emerging from bankruptcy, and horse racing in the state got a potentially lucrative boost with a decision allowing racetracks and off-track betting facilities to take wagers over the Internet. (Mon, 28 Apr 2008 21:27:40 GMT)

Judge approves New York Racing's bankruptcy plan
The New York Racing Association received approval on Monday to move forward with a bankruptcy reorganization plan that will allow it to run the state's horse tracks for another 25 years. (Tue, 29 Apr 2008 02:30:43 GMT)

Local Auto Dealer Facing Bankruptcy
A confluence of bad timing and a bad economy has pressured one of Tampa's longest-running car dealerships into bankruptcy. (Tue, 29 Apr 2008 04:20:00 GMT)

NYRA sees end in sight to bankruptcy
Associated Press - April 29, 2008 3:15 AM ET ALBANY, N.Y. (AP) - The New York Racing Association says it's closer to emerging from bankruptcy. (Tue, 29 Apr 2008 07:23:06 GMT)

Nursing home operator Marathon files for bankruptcy protection
Marathon Healthcare Inc., an East Hartford-based nursing home company that operates six facilities in Connecticut, including in Waterbury, Torrington and Prospect, filed for bankruptcy protection late Thursday. (Tue, 29 Apr 2008 07:45:28 GMT)

Bankruptcy court sides with Bala
FARGO (AP) - A bankruptcy appeals court says the former president of a simulcast racing company should be paid rent before other creditors are paid. (Tue, 29 Apr 2008 09:11:15 GMT)

Verso files for Chapter 11 bankruptcy protection
Networking equipment maker Verso Technologies Inc. said late Monday it has filed a voluntary petition for Chapter 11 bankruptcy protection. (Tue, 29 Apr 2008 20:23:09 GMT)

Ziff Davis Comes To Agreement on Its Ch 11 Bankruptcy Proceedings
Ziff Davis, the embattled business media firm, has finished up its Chapter 11 bankruptcy proceedings. The legalese: "it has reached an agreement with an ad hoc group of holders of more than 80% in principal amount of its Senior Secured Floating Rate Notes and the Official Committee of Unsecured Creditors on a consensual plan of reorganization that substantially de-leverages Ziff Davis' balance ... (Tue, 29 Apr 2008 21:07:00 GMT)

Ziff Davis Comes To Agreement on Its Ch 11 Bankruptcy Proceedings
Ziff Davis, the embattled business media firm, has finished up its Chapter 11 bankruptcy proceedings. The legalese: "it has reached an agreement with an ad hoc group of holders of more than 80% in principal amount of its Senior Secured Floating Rate Notes and the Official Committee of Unsecured Creditors on a consensual plan of reorganization (the "Plan") that substantially de-leverages Ziff ... (Tue, 29 Apr 2008 21:33:13 GMT)

Airline's bankruptcy strands Fresno Marine in Iraq
WASHINGTON -- A Marine reconnaissance sergeant from Fresno was stranded in Iraq following the recent bankruptcy of ATA Airlines. (Tue, 29 Apr 2008 23:47:52 GMT)

Bankruptcy court sides with Bala
FARGO (AP) - A bankruptcy appeals court says the former president of a simulcast racing company should be paid rent before other creditors are paid. (Wed, 30 Apr 2008 05:26:15 GMT)

Attorneys in Pacific Lumber Co. bankruptcy announce deal with competing company
Category: Local News Topics: PALCO After a week-long break and another failed attempt at a mediated settlement, Pacific Lumber Co. announced in bankruptcy court Tuesday that a deal was in the works with Mendocino Redwood Co. (Wed, 30 Apr 2008 07:09:37 GMT)

Home Interiors files for bankruptcy protection
Carrollton-based Home Interiors & Gifts Inc., a 50-year-old company founded by the late Dallas philanthropist Mary Crowley, filed for Chapter 11 bankruptcy protection Tuesday, vowing to reorganize its business operations and restructure its debt. (Wed, 30 Apr 2008 07:52:33 GMT)

Nursing home operator Marathon files for bankruptcy protection
Marathon Healthcare Inc., an East Hartford-based nursing home company that operates six facilities in Connecticut, including in Waterbury, Torrington and Prospect, filed for bankruptcy protection late Thursday. (Wed, 30 Apr 2008 08:30:20 GMT)

Ziff Davis sees bankruptcy exit as soon as June
NEW YORK, April 30 - Ziff Davis Holdings Inc has worked out an agreement with more than 80 percent of its creditors that could allow it to emerge from bankruptcy protection as early as June, the media publisher said. (Wed, 30 Apr 2008 14:21:45 GMT)

Home Interiors files for bankruptcy protection
Home Interiors & Gifts Inc., which sells decorating accessories through home parties, has filed for bankruptcy protection and says it will restructure under a turnaround expert. (Wed, 30 Apr 2008 17:05:01 GMT)

Panel to examine lenders and bankruptcy system
Sen. Charles Schumer, a New York Democrat, on Wednesday said he will hold a hearing next week to probe allegations that some mortgage lenders are abusing the U.S. bankruptcy system. (Wed, 30 Apr 2008 22:14:39 GMT)

Panel to examine Countrywide, bankruptcy
WASHINGTON (Reuters) - Countrywide Financial Corp, which is being investigated for its treatment of some foreclosed homeowners in bankruptcy court, will testify on Tuesday at a U.S. Senate panel hearing, a senior Democratic senator said on Wednesday. (Wed, 30 Apr 2008 23:35:43 GMT)

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