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Home > Bankruptcy News

Bankruptcy News Jun 2008

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Study: More Seniors Filing For Bankruptcy
Elderly Americans are filing for bankruptcy more than any other age group in the country, and Central Florida is no exception. (Wed, 18 Jun 2008 02:11:20 GMT)

Rising costs forcing elderly into bankruptcy
COMMERCE CITY - Rising medical bills and a lot of debt are hitting elderly Americans especially hard. Many are forced to file for bankruptcy in a time when they should be sitting on their nest egg. (Wed, 18 Jun 2008 02:13:57 GMT)

King's bankruptcy case again before Appeals Court
The bankruptcy case of Rudy King was back before the appellate court on Tuesday but the Court of Appeal is still questioning whether it has jurisdiction to hear the case. (Wed, 18 Jun 2008 07:14:07 GMT)

Bankruptcy among seniors a real concern
Bankruptcy filings among people 55 and older have risen sharply, as older Americans struggled with higher medical bills and stagnant incomes, according to an AARP study released Tuesday. (Wed, 18 Jun 2008 08:00:54 GMT)

Bessemer lawyer allowed to withdraw from bankruptcy case of often-sued doctor
A federal judge allowed Dr. John A. King's bankruptcy lawyer to withdraw Tuesday from the osteopathic physician's bankruptcy case. (Wed, 18 Jun 2008 08:29:42 GMT)

Bankruptcy Filings In Tampa From March 27 To April 2
The following businesses or individuals filed bankruptcy petitions in the U.S. Bankruptcy court in Tampa from March 27-April 2, 2008. Chapter 7 filings are for companies and/or individuals whose assets are being liquidated to pay creditors; Chapter 11 is for companies seeking to reorganize while under bankruptcy court protection; and Chapter 13 is... (Wed, 18 Jun 2008 11:04:58 GMT)

Newspaper Roundup: Tribune Bankruptcy Speculation; Gannet, NYTCo May Numbers, Sun-Times
-- Tribune: As industry economics deteriorate, speculation heightens that Sam Zell's uber-leveraged Tribune Co. will be forced to file bankruptcy sooner rather than later. S&P analyst Emile Courtney told Bloomberg: "In the absence of additional asset sales, we think that it's a possibility as early as December." (Wed, 18 Jun 2008 12:37:03 GMT)

Neal Files for Bankruptcy
Former Harrisonburg City Treasurer Rebecca Neal was not in court as scheduled this morning to face a former employee. That's because Neal filed for bankruptcy. (Wed, 18 Jun 2008 14:38:04 GMT)

Newspaper Roundup: Tribune Bankruptcy Speculation; Gannet, NYTCo May Numbers, Sun-Times
-- Tribune : As industry economics deteriorate, speculation heightens that Sam Zell's uber-leveraged Tribune Co. will be forced to file bankruptcy sooner rather than later. S&P analyst Emile Courtney told Bloomberg: "In the absence of additional asset sales, we think that it's a possibility as early as December." Other companies facing possibilities of a debt default include Journal Register ... (Wed, 18 Jun 2008 15:33:18 GMT)

Interstate continues losses as bankruptcy drags on
Interstate Bakeries Corp., in bankruptcy since September 2004, reported higher sales and a smaller loss for the four weeks ended May 3. (Wed, 18 Jun 2008 17:11:44 GMT)

Studio Arena heads to bankruptcy court
It's official: Studio Arena Theatre has filed for bankruptcy protection under Chapter 11. (Wed, 18 Jun 2008 21:01:14 GMT)

City Fights QSDI, Bankruptcy Trustee Settlement
City Attorney Robert Shannon has made good on his threat to fight a settlement between the former operator of the Queen Mary and the bankruptcy trustee. (Wed, 18 Jun 2008 22:50:50 GMT)

Five steps to avoiding bankruptcy
Although many financial factors can drive a business into bankruptcy, psychology can often turn out to be the most critical. (Thu, 19 Jun 2008 01:32:30 GMT)

Bankruptcy filing protects properties
BRIDGEPORT — Developer Sal DiNardo has filed for bankruptcy protection to block the city from seizing his sprawling Remington Arms complex for millions in back taxes. (Thu, 19 Jun 2008 03:07:50 GMT)

Bankruptcy list
Filed in U.S. Bankruptcy Court, Pittsburgh. (Thu, 19 Jun 2008 04:11:49 GMT)

BUSINESS TRENDS: Bankruptcy on rise among seniors
Swamped by debt and rising medical bills, elderly Americans have been seeking bankruptcy protection at sharply faster rates than other adults, a study released this week. (Thu, 19 Jun 2008 07:22:59 GMT)

Fremont General files for bankruptcy protection
Financial services firm Fremont General Corp. said Wednesday night it filed for bankruptcy protection as part of its plan to sell its retail banking assets to CapitalSource Inc. (Thu, 19 Jun 2008 12:10:28 GMT)

Bankruptcy Court OKs cleanup for Asarco
Bankruptcy Court OKs cleanup deal for Asarco (Thu, 19 Jun 2008 23:56:51 GMT)

Mattress stores open despite bankruptcy
Dormia, which sells luxury mattresses that cost several thousand dollars, filed for Chapter 11 bankruptcy Wednesday. (Fri, 20 Jun 2008 06:44:05 GMT)

Bankruptcy Court OKs Asarco cleanups in Az
The U.S. Bankruptcy Court has approved an agreement between bankrupt copper miner Asarco LLC, the Arizona Department of Environmental Quality and the U.S. Environmental Protection Agency to clean up contamination from the company's mining activities in Hayden and Winkelman. (Fri, 20 Jun 2008 07:17:20 GMT)

Trump's Tampa developer files for bankruptcy
The developer of Trump Tower Tampa filed Chapter 11 bankruptcy. SimDag/Robel was to build the 52-story luxury condo on the Hillsborough River that bore the real estate tycoon's name. (Fri, 20 Jun 2008 08:19:52 GMT)

PRC prepares to emerge from bankruptcy
A New York bankruptcy judge approved Plantation-based PRC's reorganization, clearing the way for the giant call-center operator to emerge from bankruptcy within the next couple of weeks, the company said. (Fri, 20 Jun 2008 08:22:33 GMT)

Refinery proponent seeking bankruptcy protection
The company hoping to build a new refinery in southern Newfoundland said Friday it is seeking bankruptcy protection while it attempts to restructure. (Fri, 20 Jun 2008 12:18:51 GMT)

Va. neo-Nazi leader files for bankruptcy protection
ROANOKE, Va. (AP) - An activist in the white supremacy movement who operates a rental home and construction business has sought Chapter 11 bankruptcy protection. (Fri, 20 Jun 2008 14:07:49 GMT)

Altius shares down 35 per cent as partly-owned refiner files bankruptcy protection
ST JOHN'S, N.L. - Altius Minerals Corp. (TSX:ALS) shares tumbled nearly 35 per cent in morning trading after the company reported that its partly-owned Newfoundland and Labrador Refining Corp. is seeking bankruptcy protection. (Fri, 20 Jun 2008 14:42:00 GMT)

Va. neo-Nazi leader files for bankruptcy
ROANOKE -- An activist in the white supremacy movement who operates a rental home and construction business has sought Chapter 11 bankruptcy protection. William White, commander of the Roanoke-based American National Socialist Workers Party, filed a petition last week in U.S. Bankruptcy Court listing assets of $1.9 million and liabilities of $1.4 million. (Fri, 20 Jun 2008 15:10:52 GMT)

EFTI: Files for Reorganization Under Chapter 11 Bankruptcy
EarthFirst Technologies, Incorporated (EFTI) and its wholly-owned subsidiaries have filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court, Middle District of Florida, Tampa Division. The Company has secured DIP financing and plans to reorganize. (Fri, 20 Jun 2008 18:42:51 GMT)

Altius cites credit difficulty as partly owned refiner files bankruptcy protection
HALIFAX - A company planning to build a $4.6-billion oil refinery in Newfoundland is seeking bankruptcy protection, citing difficulty finding financing for the project due to slumping North American lending markets. (Fri, 20 Jun 2008 20:32:00 GMT)

Refinery proponent seeking bankruptcy protection
The company hoping to build a new refinery in southern Newfoundland said Friday it is seeking bankruptcy protection while it attempts to restructure. (Fri, 20 Jun 2008 20:46:00 GMT)

ID ethanol plant owner files for bankruptcy
London-based Renova Energy Plc, which has suspended construction on a new ethanol plant in Idaho, said its U.S. subsidiaries have filed for Chapter 11 bankruptcy protection. (Fri, 20 Jun 2008 21:54:18 GMT)

Yaldo businesses file Chapter 11 bankruptcy
Five companies headed by ophthalmologist and eye surgeon Dr. Mazin Yaldo have filed for Chapter 11 bankruptcy protection. (Fri, 20 Jun 2008 22:20:42 GMT)

FisherCast suppliers laying off, fearing lost money after FisherCast goes into bankruptcy protection
FisherCast Global’s bankruptcy protection has some local manufacturers feeling like they were robbed. “When (FisherCast) went into bankruptcy protection, I lost $140,000. I might get it, but who knows,” said Roger Leigh, owner of Sussex Engineering. “We run our business the best we can and we got robbed,” [...] (Sat, 21 Jun 2008 03:17:05 GMT)

Goody’s clothing firm files for bankruptcy
Goody’s Family Clothing Inc. filed for bankruptcy, but the Sedalia store will remain open. A release from the parent company, headquartered in Knoxville, Tenn., states that the retailer filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code. (Sat, 21 Jun 2008 04:20:40 GMT)

More U.S. companies shun bankruptcy
NEW YORK — A slew of high-profile U.S. corporate bankruptcies has obscured a quieter trend: More companies are shunning bankruptcy filings to settle problems out of court, pushed by major investors looking for quicker and less disruptive options. (Sat, 21 Jun 2008 17:20:48 GMT)

Cortina Inn files for bankruptcy
KILLINGTON -- The Cortina Inn, which closed two months ago after being linked to Legionnaires' disease, has filed for bankruptcy. ... - The Associated Press The Associated Press (Sun, 22 Jun 2008 07:07:23 GMT)

Bankruptcy may hurt applicant's status for renting
Q: I recently filed for bankruptcy in an effort to stop foreclosure proceedings against me. Now I am planning to move and rent a home or apartment. Does the bankruptcy filing disqualify me from renting? Landlord attorney James McKinley replies: The filing of... (Sun, 22 Jun 2008 07:33:17 GMT)

Study: More Seniors Filing For Bankruptcy
Elderly Americans are filing for bankruptcy more than any other age group in America, according to a new report by the AARP. (Sun, 22 Jun 2008 15:55:16 GMT)

The Orchard Buys TVT Records Out of Bankruptcy
The Orchard , the digital music label, has bought out TVT Records after a New York bankruptcy court declared its bid the winner on Thursday. The company will gain control of TVT's catalog, artist contracts and physical record distribution infrastructure, but will not receive holdings in its music publishing subsidiary. (Sun, 22 Jun 2008 17:54:00 GMT)

The Orchard Buys TVT Records Out of Bankruptcy
The Orchard, the digital music label, has bought out TVT Records after a New York bankruptcy court declared its bid the winner on Thursday. The company will gain control of TVT's catalog, artist contracts and physical record distribution infrastructure, but will not receive holdings in its music publishing subsidiary. More details in release. (Sun, 22 Jun 2008 18:33:05 GMT)

Truxel Business Center developer files for Chapter 7 bankruptcy
Truxel Properties LLC, which owns the Truxel Business Center at 4090 Truxel Road in North Natomas and two residential development sites in the region, has filed for bankruptcy liquidation, listing $17 million in assets and $19.4 million in liabilities. (Mon, 23 Jun 2008 04:06:27 GMT)

Printing firm files bankruptcy
Dallas-based TS Printing Inc. filed Chapter 11 bankruptcy protection on June 3 in the Northern District of Texas. (Mon, 23 Jun 2008 04:55:08 GMT)

Hancock Fabrics files Chapter 11 bankruptcy reorganization plan
Baldwyn, Miss.-based Hancock Fabrics, Inc., a specialty retailer of fashion and home decorating textiles, announced it has filed a plan of reorganization under Chapter 11 bankruptcy with the U.S. Bankruptcy Court. (Mon, 23 Jun 2008 04:56:48 GMT)

Profit From Corporate Bankruptcy Proceedings
Knowing how to value a company in or near bankruptcy is an important skill for profit-seeking investors. Equity investors rarely get paid anything in liquidation , but careful vultures that prey on the distressed debt of fallen companies can make big profits. (Mon, 23 Jun 2008 08:08:19 GMT)

Thacher Proffitt Publishes Bankruptcy Bulletin to Discuss Recent Noteworthy Ruling in American Home Mortgage ...
NEW YORK----Thacher Proffitt & Wood LLP announced today the publication of "American Home Mortgage Investment Corp. v. Lehman Bros. Inc.: Bankruptcy Court Broadens Repurchase Agreement Safe Harbors to Include Subordinated Notes Secured by Mortgage Loans and Limits the Application of Article 9 of the UCC." (Mon, 23 Jun 2008 12:49:00 GMT)

Thacher Proffitt Publishes Bankruptcy Bulletin to Discuss Recent Noteworthy Ruling in American Home Mortgage ...
Thacher Proffitt & Wood LLP announced today the publication of "American Home Mortgage Investment Corp. v. Lehman Bros. Inc.: Bankruptcy Court Broadens Repurchase Agreement Safe Harbors to Include Subordinated Notes Secured by Mortgage Loans and Limits the Application of Article 9 of the UCC." The bulletin summarizes the dispute and discusses the Court's findings on applicable sections of the ... (Mon, 23 Jun 2008 13:10:21 GMT)

Cortina Inn Files for Bankruptcy
The owner of the Cortina Inn has filed for bankruptcy. (Mon, 23 Jun 2008 13:55:31 GMT)

Big Dig contractor files for bankruptcy
A contractor on Boston's beleagured Big Dig tunnel project has filed for bankruptcy protection, one business day after federal prosecutors charged the company with lying about its work. (Mon, 23 Jun 2008 16:52:16 GMT)

Boston "Big Dig" contractor seeks bankruptcy
The largest contractor in Boston's $15 billion "Big Dig" road and tunnel construction project filed for bankruptcy protection on Monday, one business day after it was charged with liability in a 2006 collapse. (Mon, 23 Jun 2008 18:22:23 GMT)

House provides bankruptcy relief to reservists
National Guard members and reservists who experience financial hardships while serving in war zones would find it easier to file for bankruptcy relief under legislation the House approved Monday. (Mon, 23 Jun 2008 20:56:34 GMT)

House provides bankruptcy relief to reservists
Guard members who served 90 days in Iraq and Afghanistan and experience financial hardships while in war zones will have an easier time filing for bankruptcy. (Mon, 23 Jun 2008 21:43:20 GMT)

Big Dig contractor files for bankruptcy
The largest construction contractor on Boston's beleaguered Big Dig project filed for bankruptcy protection Monday, the first business day after federal prosecutors charged the company with lying about its work. (Tue, 24 Jun 2008 06:25:21 GMT)

Big Dig contractor files bankruptcy claim
BOSTON (AP) - The largest construction contractor on Boston's beleaguered Big Dig project filed for bankruptcy protection Monday, the first business day after federal prosecutors charged the company with lying about its work on the nation's costliest public works project. (Tue, 24 Jun 2008 09:09:29 GMT)

Suruga Corp. Files for Bankruptcy Protection in Japan (Update1)
June 24 (Bloomberg) -- Suruga Corp. , a Japanese smaller condo developer, said it filed for bankruptcy protection at the Tokyo District Court after accumulating debt of about 62 billion yen ($574 million). (Tue, 24 Jun 2008 11:08:44 GMT)

Contractor files for bankruptcy after Big Dig issues
BOSTON -- The largest construction contractor on Boston's beleaguered Big Dig project filed for bankruptcy protection Monday, the first business day after federal prosecutors charged the company with lying about its work on the nation's costliest public works project. ... - By MARK JEWELL The Associated Press (Tue, 24 Jun 2008 11:16:35 GMT)

Big Dig Contractor Files for Bankruptcy
The largest Big Dig contractor has filed for bankruptcy protection, the first business day after federal prosecutors charged the company with lying about its work on the nation's costliest public works project. (Tue, 24 Jun 2008 12:45:23 GMT)

Cambridge firm files for bankruptcy after federal charges announced
Cambridge-based Modern Continental Corp., the largest contractor on the almost $15 billion Big Dig project, filed for bankruptcy protection Monday following a slew of federal criminal charges in connection with a 2006 tunnel collapse that killed a motorist. (Tue, 24 Jun 2008 13:45:09 GMT)

Troha’s old truck firm files for bankruptcy
Kenosha-based trucking company JHT Holdings Inc. filed for financial reorganization in bankruptcy court Tuesday, with plans to turn over ownership control to its lenders. (Wed, 25 Jun 2008 02:40:22 GMT)

Suspect in bankruptcy frauds arraigned
Richard Porter, 48, formerly of Candia, was charged with filing two fraudulent federal bankruptcy petitions in 2005. (Wed, 25 Jun 2008 04:16:30 GMT)

JHT Holdings seeks bankruptcy protection, eyes reorganization plan
Kenosha-based JHT Holdings filed for bankruptcy protection Tuesday, the truck-hauling company hampered by a high debt load and struggling in a market hit by high fuel prices and declining truck sales. (Wed, 25 Jun 2008 05:30:08 GMT)

Death Row Records Auctioned to New Owner by Bankruptcy Court
Gangster rap label Death Row Records was put on the auction block Tuesday in federal bankruptcy court. And on Tuesday night, the controversial rap music company got a new owner. Chris Blatchford has the details of the auction in this video report. (Wed, 25 Jun 2008 05:47:33 GMT)

PATON: Bankruptcy case tests the patience of veteran judge
You wouldn't think anything could faze Judge Sidney Brooks after two decades on the bench, but the bankruptcy case involving businessman Rick Van Vleet has left him exasperated. (Wed, 25 Jun 2008 06:05:07 GMT)

Katona gets new bankruptcy deadline
Former Atomic Kitten star Kerry Katona has been given a reprieve by a High Court bankruptcy registrar in her battle with the taxman. (Wed, 25 Jun 2008 11:59:56 GMT)

Caruso Homes files for bankruptcy protection
Caruso Homes Inc., a homebuilder operating in Maryland and other Mid-Atlantic states, has filed for bankruptcy protection, blaming what it called the "double whammy" of the credit crunch and falling home prices. (Wed, 25 Jun 2008 12:49:19 GMT)

Historic Estate To File For Bankruptcy
A social service organization has decided to file for bankruptcy to avoid a foreclosure sale of the historic mansion on Capitol Hill that it's called home for decades. (Wed, 25 Jun 2008 13:25:45 GMT)

NYRA may emerge from bankruptcy before July 13
The New York State Legislature on Tuesday approved technical amendments to the New York Racing Association’s franchise legislation that helps clear the way for NYRA to get out of bankruptcy before its temporary extension expires on July 13. (Wed, 25 Jun 2008 13:56:35 GMT)

Katona wins bankruptcy breather
Kerry Katona has been given until August to pay off a massive tax bill and avoid declaring bankruptcy. (Wed, 25 Jun 2008 14:48:23 GMT)

TrimSpa distributor files plan to exit bankruptcy
The marketer and distributor of diet pill TrimSpa has filed a plan to emerge from bankruptcy protection, which includes paying unsecured creditors a small fraction of the millions of dollars they say they are owed. (Wed, 25 Jun 2008 20:49:34 GMT)

New Orleans Paddlewheels emerges from Chapter 11 bankruptcy
A bankruptcy court judge approved the reorganization plan of New Orleans Paddlewheels Inc. Wednesday, effectively allowing the company to emerge from Chapter 11 bankruptcy. (Wed, 25 Jun 2008 22:24:36 GMT)

Bankruptcy list
Filed in U.S. Bankruptcy Court, Pittsburgh. (Thu, 26 Jun 2008 04:00:37 GMT)

Kerry Katona ordered to pay £157,000 tax bill in six weeks or face bankruptcy
Cash-strapped Kerry Katona was showing the strain as her lawyer persuaded a the UK High Court bankruptcy registrar to allow her six weeks to pay off a huge tax bill. (Thu, 26 Jun 2008 13:29:46 GMT)

Bankruptcy challenges due by noon Friday
Challenges to Vallejo's bankruptcy filing are due in federal bankruptcy court by noon Friday. Bankruptcy attorneys for the city and employee unions will meet later in the afternoon before U.S. Bankruptcy Court Eastern District Chief Judge Michael McManus to set dates for (Thu, 26 Jun 2008 14:23:37 GMT)

Study: After Bankruptcy, Americans Need 10-20 Years to Recover
People who file for bankruptcy eventually recover financially compared to those who never had to file - but it takes a long, long time. A new study found that on many measures, it takes 10 to 20 years or more for those who file bankruptcy to reach the same financial status as their peers. (Thu, 26 Jun 2008 14:25:10 GMT)

Chrysler says no basis to bankruptcy rumor
A spokesman for Chrysler LLC on Thursday said market rumors of a bankruptcy filing by the privately held automaker were "without merit," saying the company had ample liquidity. (Thu, 26 Jun 2008 14:30:28 GMT)

(AFX UK Focus) 2008-06-26 15:03 Daimler says no signs Chrysler will file for Chapter 11 bankruptcy proceedings
FRANKFURT (Thomson Financial) - Daimler AG. said there are no signs that U.S. carmaker Chrysler, in which the former holds around 20 percent stake, will file for bankruptcy proceedings under Chapter 11 of U.S. laws. (Thu, 26 Jun 2008 14:31:22 GMT)

(AFX UK Focus) 2008-06-26 15:11 German shares lower as oil price and Chrysler bankruptcy talk cause nervousness
FRANKFURT (Thomson Financial) - German shares extended earlier losses in afternoon trade, as a lower opening on Wall Street and speculation about higher oil prices and a possible bankruptcy at Daimler AG's Chrysler affiliate caused general nervousness in the market. (Thu, 26 Jun 2008 14:46:46 GMT)

Chrysler denies bankruptcy rumour
DETROIT — A spokesman for Chrysler LLC Thursday said market rumours of a bankruptcy filing by the privately held auto maker were “without merit,” saying the company had ample liquidity. (Thu, 26 Jun 2008 14:51:04 GMT)

Maine energy firm seeks bankruptcy reorganization
Red Shield Environmental LLC planned Thursday to file under Chapter 11 of the federal bankruptcy laws so the pulp manufacturing and energy company can reorganize, company officials said. (Thu, 26 Jun 2008 19:23:22 GMT)

Chrysler denies rumors of bankruptcy filing
A Chrysler LLC spokeswoman says speculation the company plans to file for bankruptcy protection is not true. The rumors were so prevalent Thursday that the company was forced to issue a statement. (Thu, 26 Jun 2008 19:33:00 GMT)

Chrysler denies rumors of plan to file for bankruptcy
AUBURN HILLS, Mich. » Chrysler spokeswoman Shawn Morgan says speculation that the company plans to file for bankruptcy protection is not true. The rumors were so prevalent Thursday that the company was forced to issue a statement. (AP) (Fri, 27 Jun 2008 07:00:24 GMT)

Declaring Bankruptcy Is No Easy Out
Filing for bankruptcy is the last resort in personal finance - the rope thrown to someone stuck in a quicksand of debt. Drowning in debt is as serious as it sounds, but declaring bankruptcy is no easy out - it carries serious consequences. (Fri, 27 Jun 2008 08:08:09 GMT)

Bankruptcy buzz untrue, Chrysler says
Faced with persistent speculation that it was poised to file for bankruptcy protection, Chrysler LLC on Thursday issued a statement denying the rumor and saying it has plenty of cash. (Fri, 27 Jun 2008 10:16:45 GMT)

Chrysler Denies Bankruptcy Speculation
A spokesman for Chrysler said on Thursday that market rumors of a bankruptcy filing by the privately held automaker were “without merit,” saying the company had ample liquidity. (Fri, 27 Jun 2008 12:18:56 GMT)

Automaker Chrysler denies bankruptcy rumor
Faced with persistent speculation that it was planning to file for bankruptcy protection, Chrysler LLC on Thursday issued a statement denying the rumor and saying it has plenty of cash. (Fri, 27 Jun 2008 12:35:53 GMT)

Chrysler Denies Bankruptcy Rumors
Faced with persistent speculation that it was planning to file for bankruptcy protection, Chrysler issued a statement denying the rumor, saying it has plenty of cash. (Fri, 27 Jun 2008 13:53:55 GMT)

Montreal racetrack closed under bankruptcy protection
The company that owns Quebec's four horse racing tracks has been placed under bankruptcy protection, resulting in the immediate closure of the Hippodrome de Montréal, formerly known as Blue Bonnets Raceway. (Fri, 27 Jun 2008 14:07:06 GMT)

Auto supplier Delphi plans to sell exhaust business pending bankruptcy court approval
TROY, Mich. - Auto parts supplier Delphi Corp. says it's seeking buyers for its vehicle exhaust equipment business as it reorganizes under Chapter 11 bankruptcy protection. (Fri, 27 Jun 2008 14:18:28 GMT)

Greektown gets OK for $150M to exit bankruptcy
DETROIT -- Greektown Casino now has all the $150 million in financing it says it needs to complete construction of its permanent casino-hotel complex and exit bankruptcy. (Fri, 27 Jun 2008 16:55:37 GMT)

California city's workers fight bankruptcy effort
A lawyer for employees of Vallejo, California filed legal documents in court on Friday challenging city officials who are seeking approval for a rare municipal bankruptcy. (Fri, 27 Jun 2008 23:00:26 GMT)

City workers object to Vallejo's bankruptcy claim
Vallejo police, firefighters and other city workers asked a judge Friday to reject the city's bankruptcy petition, which the employees argued was filed solely to wrest deep salary cuts from them. The workers concede that the city is in "financial distress,"... (Sat, 28 Jun 2008 00:48:20 GMT)

Dura exits from bankruptcy
Dura Automotive Systems Inc. emerged from Chapter 11 protection Friday, making it the fourth large supplier to leave bankruptcy in the last year, just as the U.S. auto industry faces its lowest annual sales in more than a decade. (Sat, 28 Jun 2008 07:26:35 GMT)

SACRAMENTO Workers oppose Vallejo bankruptcy
Vallejo police, firefighters and other city workers asked a judge Friday to reject the city's bankruptcy petition, which the employees argued was filed solely to wrest deep salary cuts from them. (Sat, 28 Jun 2008 11:42:25 GMT)

More about Chapter 11 bankruptcy
Chapter 11 bankruptcy is a form of bankruptcy reorganization most often utilized by large businesses seeking to restructure their debt. The debtor usually remains in possession of its assets, and operates the business under the supervision of the court and for the benefit of creditors. (Sat, 28 Jun 2008 12:52:59 GMT)

Cramer: GM Should File for Bankruptcy
Jim Cramer explains why the best hope for this automaker is bankruptcy protection. (Sat, 28 Jun 2008 14:10:40 GMT)

City employees file objection to bankruptcy petition
The city's non-management union employees filed objections to the city's bankruptcy petition Friday, claiming they are helping to protect city taxpayers, services, wages and retiree health care coverage. Vallejo officials filed for Chapter 9 bankruptcy on May 23. (Sat, 28 Jun 2008 14:49:13 GMT)

Red Shield Environmental Files For Chapter 11 Bankruptcy Relief
Red Shield Environmental LLC and RSE Pulp & Chemical LLC of Old Town have announced that they've filed for relief under Chapter 11 of the United States Bankruptcy Code. (Sat, 28 Jun 2008 16:09:08 GMT)

Whitehall Jewelers File for Bankruptcy
Chicago-based Whitehall Jewelers Holdings Inc. filed for Chapter 11 protection from creditors with the U.S. bankruptcy court in Delaware Monday, according to Reuters.com. (Sat, 28 Jun 2008 23:11:50 GMT)

Alvan Motor Freight files bankruptcy
The company announced it's filing for bankruptcy after 67 years in business. (Sun, 29 Jun 2008 21:17:01 GMT)

Bankruptcy judge asked to let suit against Friedman's proceed
For the past five months, Friedman's Inc. has been been selling off and liquidating its assets through bankruptcy. But a few old scores remain to be settled. (Mon, 30 Jun 2008 04:19:43 GMT)

Economy keeps bankruptcy attorneys busy
The downturn in the economy has meant an upturn for several Nashville-area bankruptcy attorneys. (Mon, 30 Jun 2008 04:55:32 GMT)

Napa risks bankruptcy unless pensions, benefits reduced
The city and county of Napa could risk bankruptcy if they do not reduce their generous pensions and post-employment benefits, according to a report by the Napa County Grand Jury. (Mon, 30 Jun 2008 07:00:15 GMT)

Some China fireworks factories nearing bankruptcy
Chen Tiezhong likely will spend the Fourth of July worrying about the future of his sprawling fireworks factory. China, where fireworks were invented, is running short of ports from which to ship the dangerous cargoes abroad. (Mon, 30 Jun 2008 09:13:57 GMT)

Bankruptcy filings
Each week, the Daily Breeze Business section publishes a list of local companies that have filed for liquidation or reorganization in U.S. Bankruptcy Court. (Mon, 30 Jun 2008 09:30:24 GMT)

Chrysler refutes bankruptcy rumors
Chrysler has denied media speculations that it has filed for bankruptcy protection and said that it has sufficient liquidity, Reuters has reported, quoting a company spokesperson. (Mon, 30 Jun 2008 09:49:49 GMT)

Woodbridge Holdings Corporation Reaches Settlement Relating to Levitt and Sons' Bankruptcy
Woodbridge Holdings Corporation announced today that it has reached an agreement with Levitt and Sons, LLC, and each of its affiliates which filed voluntary petitions under Chapter 11 of the U.S. (Mon, 30 Jun 2008 12:35:00 GMT)

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