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Home > Bankruptcy News

Bankruptcy News Jul 2008

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Sam Seltzer's Enters Bankruptcy
Blaming the belt-tightening in a tough economy that makes dining out less of a priority, the parent of Sam Seltzer's Steakhouse has filed for Chapter 11 bankruptcy protection. (Tue, 01 Jul 2008 04:21:45 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. (Tue, 01 Jul 2008 05:45:05 GMT)

Bankruptcy cases increase as economy falters
Filings in Capital Region continue to climb as mortgage crisis and rising costs hurt debtors ALBANY -- The number of bankruptcy filings in the region continued to climb in the second quarter amid an economy troubled by a mortgage crisis and rising gasoline and food costs.The numbers mirror a national trend in which experts expect filings to climb this year by more than 250,000 over 2007's ... (Tue, 01 Jul 2008 07:05:42 GMT)

PRC out of bankruptcy, under new owners
Plantation-based call-center operator PRC said Monday it has completed its reorganization and emerged from bankruptcy. PRC now is owned by secured lenders through a private holding company. (Tue, 01 Jul 2008 07:27:35 GMT)

Dentist In Local 10 Investigation Files For Bankruptcy
A South Florida dentist whose patients claim he refused to refund thousands of dollars in unused credit has filed for bankruptcy, leaving dozens wondering what happens next. (Tue, 01 Jul 2008 08:55:26 GMT)

Alvan trucking shuts doors, files papers for bankruptcy
After 67 years in the trucking business, Alvan Motor Freight Inc. ceased operations and filed Chapter 11 bankruptcy, affecting 21 employees at its Fort Wayne terminal. (Tue, 01 Jul 2008 10:14:45 GMT)

Northern Bay resort files for bankruptcy
Associated Press - July 1, 2008 8:55 AM ET ARKDALE, Wis. (AP) - The company that owns Northern Bay Golf Resort & Marina north of Wisconsin Dells has filed for bankruptcy... (Tue, 01 Jul 2008 12:56:30 GMT)

Northern Bay resort files for bankruptcy
ARKDALE, Wis. (AP) - The company that owns Northern Bay Golf Resort & Marina north of Wisconsin Dells has filed for bankruptcy restructuring. Northern Bay says the filing will not impact operations at the resort, golf course or marina. (Tue, 01 Jul 2008 12:56:30 GMT)

Dormia to Hold $4 Million Bankruptcy Liquidation Sale
Dormia, a leading mattress retailer and manufacturer with 20 stores across the Central and Eastern United States, will conduct a court ordered liquidation sale beginning Thursday, July 3. The company filed for Chapter 11 bankruptcy protection earlier this year and the court selected Hudson Capital Partners, LLC to manage the store liquidations. (Tue, 01 Jul 2008 14:24:42 GMT)

Northern Bay owners file for bankruptcy
Owners of Northern Bay Golf Resort and Marina in Strongs Prairie have filed for Chapter 11 bankruptcy debt restructuring. The filing, which took place Monday in U.S. Bankruptcy Court for the Western District of Wisconsin, will not impact the resort, its guests, employees or vendors, according to a news release issued by the company this morning. The resort and golf course continues to thrive, ... (Tue, 01 Jul 2008 14:33:30 GMT)

Dirty Dozen: Bankruptcy Myths Debunked
Like most big, bad scary things, bankruptcy has a reputation based on a few tidbits of truth and lots of embellishment. It's not nearly as frightening once you know the facts. (Tue, 01 Jul 2008 23:10:37 GMT)

Steve & Barry's works with bankruptcy firm
NEW YORK — A bankruptcy firm on Tuesday confirmed that it is working with apparel retailer Steve & Barry's LLC to negotiate with its lenders and review strategic alternatives. (Wed, 02 Jul 2008 07:17:44 GMT)

Bankruptcy firm working with low-cost retailer known for celebrity deals
A bankruptcy firm confirmed Tuesday that it is working with apparel retailer Steve & Barry’s to negotiate with its lenders and review strategic alternatives. (Wed, 02 Jul 2008 08:34:14 GMT)

Steve & Barry’s mulls bankruptcy
NEW YORK — A bankruptcy firm on Tuesday confirmed it is working with apparel retailer Steve & Barry’s to negotiate with its lenders and review strategic alternatives. The privately held company’s apparent financial difficulties are the latest indication of the increasingly hostile environment for retailers. Bankruptcy attorney Harvey Miller said his partner Lori Fife at law firm Weil Gotshal & ... (Wed, 02 Jul 2008 10:49:02 GMT)

Bankruptcy filings up 46% over year earlier
Hawai'i bankruptcy filings reached their highest monthly total in 32 months as financially strapped consumers sought relief from creditors and collection agencies in June. (Wed, 02 Jul 2008 11:08:47 GMT)

Bankruptcy Petitions In Tampa From April 3-9
The following businesses or individuals filed bankruptcy petitions in the U.S. Bankruptcy court in Tampa from April 3-9, 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 for... (Wed, 02 Jul 2008 11:10:25 GMT)

GM Bankruptcy `Not Impossible,' Merrill Analyst Says (Update1)
July 2 (Bloomberg) -- General Motors Corp. was cut to ``underperform'' from ``buy'' by Merrill Lynch & Co., which said ``bankruptcy is not impossible'' for the largest U.S. automaker. (Wed, 02 Jul 2008 13:46:37 GMT)

GM needs $15 billion, bankruptcy an option: Merrill
General Motors Corp will need to raise about $15 billion in cash to shore up liquidity and bankruptcy is "not impossible" if the U.S. auto market continues to slump, Merrill Lynch said on Wednesday. (Wed, 02 Jul 2008 13:53:09 GMT)

Merrill says GM bankruptcy "not impossible"
General Motors Corp will need to raise as much as $15 billion in cash to shore up liquidity and bankruptcy is "not impossible" if the U.S. auto market continues to slump, Merrill Lynch said on Wednesday. (Wed, 02 Jul 2008 14:38:30 GMT)

Bankruptcy on fast track
Vallejo's bankruptcy status may be determined as soon as the end of the month. A federal bankruptcy judge will weigh in after five challenges were leveled last week against the city's Chapter 9 bankruptcy filing. A hearing is set to begin in the coming weeks. (Wed, 02 Jul 2008 14:50:41 GMT)

GM bankruptcy ‘not impossible’ — analyst says
GM will need to raise about $15 billion in cash to shore up liquidity and bankruptcy is “not impossible” if the U.S. auto market continues to slump, Merrill Lynch said on Wednesday. (Wed, 02 Jul 2008 14:50:45 GMT)

Merrill says GM bankruptcy possible
DETROIT (Reuters) - General Motors Corp (GM.N) will need to raise as much as $15 billion in cash to shore up liquidity and bankruptcy is "not impossible" if the U.S. auto market continues to slump, Merrill Lynch said. (Wed, 02 Jul 2008 17:28:55 GMT)

U.S. businesses file for bankruptcy at a faster rate
Bankruptcy filings in the U.S. during the month rose 33 percent from a year earlier and may surpass 1 million in a year for the first time since bankruptcy laws were tightened in October 2005. (Wed, 02 Jul 2008 18:27:00 GMT)

GM Falls to Lowest Since 1954 After Merrill Suggests Bankruptcy
July 2 (Bloomberg) -- General Motors Corp. shares fell to their lowest level since 1954 after a Merrill Lynch & Co. analyst said the automaker may need to raise as much as $15 billion and faced the possibility of bankruptcy. (Wed, 02 Jul 2008 21:01:37 GMT)

Asarco in bankruptcy fight
A federal judge ruling escalates bankruptcy fight for Tucson copper producer Asarco LLC. (Thu, 03 Jul 2008 01:41:51 GMT)

GM faces possible bankruptcy
Southfield, Mich.–General Motors Corp., battered by the slowest U.S. sales market in 15 years, faces the possibility of bankruptcy and may need to raise as much as $15 billion (U.S.), a Merrill Lynch & Co. analyst said. (Thu, 03 Jul 2008 08:45:30 GMT)

Bankruptcy fear hits GM shares
US - Car - GM General Motors shares have fallen to their lowest level in more than 53 years amid concerns about the carmaker's future. Investment bank Merrill Lynch warned that GM needs to raise funds and that bankruptcy was "not impossible". (Thu, 03 Jul 2008 11:54:54 GMT)

GM bankruptcy described as unlikely
Times are certainly tough for GM, which saw its stock fall to a 54-year low. But while one analyst said bankruptcy is a possibility, others said that outcome is unlikely. (Thu, 03 Jul 2008 12:06:19 GMT)

Analyst: 'Bankruptcy Is Not Impossible' For GM
Shares fell Wednesday to close below $10 for the first time in more than half a century, on worries over the company's cash needs and speculation of a possible bankruptcy protection filing. (Thu, 03 Jul 2008 13:55:01 GMT)

Analyst: GM not in immediate danger of bankruptcy
An auto analyst with JPMorgan says General Motors Corp. is not in danger of an imminent bankruptcy, but will need to raise about $10 billion in cash to weather the downturn in U.S. auto sales. (Thu, 03 Jul 2008 14:47:45 GMT)

Chrysler may be headed for bankruptcy, says analyst
DETROIT - Faced with soaring gas prices, a sputtering economy and a rapid US market shift away from trucks, the US auto industry's weakest player, Chrysler, may have to file for bankruptcy or sell its storied Jeep and Dodge Ram brands as early as next year, says JPMorgan. (Fri, 04 Jul 2008 02:27:18 GMT)

South Florida bankruptcy filings jump by 86 percent
South Florida bankruptcy filings jumped 86.5 percent in June from a year ago but registered only a slight increase from May. The U.S. Bankruptcy Court for the Southern District of Florida reported 1,768 bankruptcies last month, up from 948 in June 2007. There were 1,731 filings in May. The figures include filings from Miami-Dade, Broward and Palm Beach counties. (Fri, 04 Jul 2008 07:05:55 GMT)

Chrysler bankruptcy risk may be rising
But GM, Ford should survive, analyst says Faced with soaring gas prices, a sputtering economy and a rapid U.S. market shift away from trucks, the U.S. auto industry's weakest player, Chrysler, may have to file for bankruptcy or sell its storied Jeep and Dodge Ram brands as early as next year, JPMorgan said Thursday. (Fri, 04 Jul 2008 07:15:54 GMT)

Chrysler, not GM, at risk of bankruptcy, notes analyst at JPMorgan / He says Chrysler needs cash, decries earlier ...
Faced with soaring gas prices, a sputtering economy and a rapid U.S. market shift away from trucks, the U.S. auto industry's weakest player, Chrysler, may have to file for bankruptcy or sell its Jeep and Dodge Ram brands as early as next year, JPMorgan said... (Fri, 04 Jul 2008 07:43:24 GMT)

NWI bankruptcy filings up 24 percent so far for 2008
The number of bankruptcy filings in Northwest Indiana increased 24 percent for the first six months of 2008, according to preliminary figures from the Northern District U.S. Bankruptcy Court. (Fri, 04 Jul 2008 09:03:15 GMT)

Chrysler bankruptcy, sale predicted
DETROIT -- Faced with soaring gas prices, a sputtering economy and a rapid market shift in the United States away from trucks, the U.S. auto industry's weakest player, Chrysler, may have to file for bankruptcy or sell its storied Jeep and Dodge Ram brands as early as next year, JPMorgan said yesterday. (Fri, 04 Jul 2008 09:33:05 GMT)

Chrysler may face bankruptcy in '09, car analyst predicts
DETROIT – Faced with soaring gas prices, a sputtering economy and a rapid U.S. market shift away from trucks, the U.S. auto industry's weakest player, Chrysler, may have to file for bankruptcy or sell its storied Jeep and Dodge Ram brands as early as next year, JPMorgan said yesterday. (Fri, 04 Jul 2008 10:13:03 GMT)

Analyst: Chrysler might have to file for bankruptcy
DETROIT . Faced with soaring gas prices, a sputtering economy and a rapid U.S. market shift away from trucks, the U.S. auto industry's weakest player, Chrysler, might have to file for bankruptcy or sell its storied Jeep and Dodge Ram brands as early as next year, JPMorgan said Thursday. But rivals GM and Ford are likely to get through the rough patch and turn a profit in 2010. ... (Fri, 04 Jul 2008 11:34:52 GMT)

Chrysler May File Bankruptcy
Automaker Chrysler may face bankruptcy as soon as next year. (Fri, 04 Jul 2008 13:54:57 GMT)

Auto analyst: Chrysler is in danger Bankruptcy, sale may be needed, JPMorgan says
DETROIT - Faced with soaring gasoline prices, a sputtering economy and a rapid U.S. market shift away from trucks, the U.S. auto industry's weakest player, Chrysler, might have to file for bankruptcy or sell its storied Jeep and Dodge Ram brands as early as next year, JPMorgan said Thursday. (Fri, 04 Jul 2008 15:41:57 GMT)

Chrysler may be headed for bankruptcy, says analyst
DETROIT - Faced with soaring gas prices, a sputtering economy and a rapid US market shift away from trucks, the US auto industry's weakest player, Chrysler, may have to file for bankruptcy or sell its storied Jeep and Dodge Ram brands as early as next year, says JPMorgan. (Fri, 04 Jul 2008 17:32:22 GMT)

Frontier going under the knife
Denver-based Frontier's financial situation has quickly deteriorated since filing for bankruptcy protection on April 10. Its restructuring effort now looks like a fight for survival. (Sun, 06 Jul 2008 07:07:58 GMT)

Diocese bankruptcy case to remain open
The bankruptcy case of the Diocese of Davenport will not be closed until the diocese submits three annual reports on the progress of nonmonetary promises made in the bankruptcy settlement. (Sun, 06 Jul 2008 07:31:50 GMT)

High oil prices force Delano plastic-container maker into bankruptcy
Minnesota appears to have another casualty of spiking oil prices. (Mon, 07 Jul 2008 05:28:24 GMT)

Winery puts cork in it, files for bankruptcy
Wine-maker Karen Oldham had a sparkle in her eye last December when she opened a new restaurant called Iron Mountain Winery in Denver's Cherry Creek North neighborhood. (Mon, 07 Jul 2008 05:28:44 GMT)

Others' economic woes bring business to bankruptcy attorney
Economic turbulence rocks many a business and consumer, but there are select professions and ventures that benefit from downturns. Bankruptcy and foreclosure attorneys are part of that group. (Mon, 07 Jul 2008 05:29:14 GMT)

American Beverage forced into bankruptcy, liquidating
American Beverage Co. of St. Louis LLC, a contract packager of soft drinks, including Vess sodas, has closed and left a battle brewing over its assets. (Mon, 07 Jul 2008 05:29:34 GMT)

Boynton Beach bankruptcy highlights market conditions
The developer behind a large private project in the Boynton Beach Community Redevelopment Agency district filed for bankruptcy protection on June 25, days after National City Bank foreclosed on a $26 million mortgage. (Mon, 07 Jul 2008 05:29:45 GMT)

Bankruptcy Records for July 7, 2008
Bankruptcy Records for July 7, 2008 (Mon, 07 Jul 2008 05:34:06 GMT)

CEO talks about PRC's emergence from bankruptcy
When Plantation call-center operator PRC was grappling with financial difficulties last year, its owner called on Dallas consultant Jerry McElhatton for help in improving its operations. (Mon, 07 Jul 2008 07:05:55 GMT)

Petricevic faces bankruptcy in court
The founder of the failed Bridgecorp finance empire is now facing bankruptcy, even though he has millions tied up in family trusts. Rod Petricevic has been ordered to repay a $600,000 loan to Bridgecorp's receivers, but has now told the High court that he cannot afford it. (Mon, 07 Jul 2008 08:28:34 GMT)

The Siegel Group Acquires Deer Creek Apartments From Bankruptcy Court
LAS VEGAS----The Siegel Group Nevada, Inc., a Commercial Real Estate & Business Development Company and Great American Capital today announced that in partnership the two companies have completed the acquisition of the Deer Creek Apartments; a 330 unit apartment complex situated on approximately 6.68 acres of land adjacent to the corner of Flamingo and Swenson in Las Vegas, Nevada. (Mon, 07 Jul 2008 11:00:00 GMT)

Obama to propose overhauling bankruptcy laws
Democratic presidential candidate Barack Obama will propose overhauling U.S. bankruptcy laws on Tuesday to ease their impact on people unable to pay their bills because of medical expenses or military service. (Tue, 08 Jul 2008 11:42:57 GMT)

Obama proposes bankruptcy changes
POWDER SPRINGS, Ga. -- Barack Obama on Tuesday proposed changing bankruptcy laws to fast-track the process for military families, help seniors keep their homes, and protect people recovering from natural disasters. (Tue, 08 Jul 2008 12:51:41 GMT)

Vick files for bankruptcy protection
Imprisoned quarterback Michael Vick is seeking bankruptcy protection, saying he owes between $10 million and $50 million to creditors. (Tue, 08 Jul 2008 13:12:18 GMT)

Obama proposes easing consumer bankruptcy laws
ATLANTA (Reuters) - Democratic presidential candidate Barack Obama on Tuesday will propose overhauling bankruptcy laws to ease their impact on people unable to pay their bills because of medical expenses or military service. (Tue, 08 Jul 2008 13:33:55 GMT)

Michael Vick files for bankruptcy
Michael Vick, the former star National Football League quarterback serving a 23-month prison sentence for his role in a dogfighting ring, has filed for bankruptcy protection, court papers show. (Tue, 08 Jul 2008 13:45:40 GMT)

Vick seeks bankruptcy protection from prison
Imprisoned quarterback Michael Vick is seeking bankruptcy protection, saying he owes between $10 million and $50 million to creditors. Vick filed Chapter 11 papers in U.S. Bankruptcy Court in Newport News on Monday. The seven largest creditors listed in the court papers are owed a total of about $12.8 million. Vick is serving a 23-month prison sentence at the U.S. Penitentiary in Leavenworth, ... (Tue, 08 Jul 2008 13:48:28 GMT)

Michael Vick files for bankruptcy protection
Imprisoned quarterback Michael Vick filed for bankruptcy protection while serving time for federal dogfighting charges, saying he owes between $10 million and $50 million to creditors. (Tue, 08 Jul 2008 14:06:45 GMT)

Iowa man sent to prison for bankruptcy fraud
A Dubuque businessman will soon begin serving a 10-year prison sentence for bankruptcy fraud. Prosecutors said it's the longest sentence ever imposed for that crime in federal court in Cedar Rapids. (Tue, 08 Jul 2008 14:24:16 GMT)

Former NFL star Michael Vick files for bankruptcy protection
RICHMOND, Va. - Imprisoned quarterback Michael Vick filed for bankruptcy protection while serving time for federal dogfighting charges, saying he owes between US$10 million and $50 million to creditors. (Tue, 08 Jul 2008 14:30:00 GMT)

Michael Vick Files for Bankruptcy Protection
Imprisoned quarterback Michael Vick files for bankruptcy protection while serving time for federal dogfighting charges, saying he owes between $10 and $50 million to creditors. (Tue, 08 Jul 2008 14:53:17 GMT)

Ex-NFL star Vick files for bankruptcy
Former American football star Michael Vick filed for bankruptcy at a US Bankruptcy Court here, seeking Chapter 11 protection and citing debts between 10 million and 50 million dollars. (Tue, 08 Jul 2008 20:04:44 GMT)

Imprisoned Vick files for bankruptcy protection
Imprisoned quarterback Michael Vick filed for bankruptcy protection while serving time for federal dogfighting charges, saying he owes between $10 million and $50 million to creditors. (Tue, 08 Jul 2008 21:12:10 GMT)

Obama calls McCain part of problem with bankruptcy
Barack Obama called on Tuesday for changing federal bankruptcy laws to help military families, seniors and victims of natural disasters, and accused John McCain of repeatedly siding with the banking industry when Congress acted on the issue. (Tue, 08 Jul 2008 21:12:38 GMT)

Retail Chain Said to Face Bankruptcy
Steve & Barry?s, the clothing chain that tried to undercut competitors by selling celebrity fashion for less than $10, is preparing to file for bankruptcy protection, according to people briefed on the talks. (Wed, 09 Jul 2008 02:58:44 GMT)

Vick files for Chapter 11 bankruptcy protection
Imprisoned quarterback Michael Vick is seeking bankruptcy protection, saying he owes between $10 million and $50 million to creditors. Vick filed Chapter 11 papers in U.S. Bankruptcy Court in Newport News on Monday. The seven largest creditors listed in the court papers are owed a total of about $12.8 million. (Wed, 09 Jul 2008 05:13:27 GMT)

Retail Chain Said to Face Bankruptcy
Steve & Barry’s , the clothing chain that tried to undercut competitors by selling celebrity fashion and shoes for less than $10, was preparing to file for bankruptcy protection late Tuesday in the latest blow to shopping malls battered by the economic downturn. (Wed, 09 Jul 2008 11:41:45 GMT)

Steve & Barry's expected to file for bankruptcy
Sportswear company Steve & Barry's LLC, which specializes in discounted collegiate apparel, is expected to file for Chapter 11 bankruptcy protection, according to published reports on Tuesday. (Wed, 09 Jul 2008 13:38:02 GMT)

Steve & Barry’s to file for bankruptcy
Retail chain Steve & Barry’s is expected to file for Chapter 11 bankruptcy as early as this week, the Wall Street Journal reported on its Web site on Tuesday. (Wed, 09 Jul 2008 13:53:17 GMT)

Steve & Barry's to file for bankruptcy protection
Steve & Barry's to file for bankruptcy protection (Wed, 09 Jul 2008 14:35:54 GMT)

Retail Chain Said to Face Bankruptcy
Steve & Barry’s, the clothing chain made famous for its cheap celebrity fashion, is preparing to file for bankruptcy protection, according to people briefed on the talks. (Wed, 09 Jul 2008 14:37:06 GMT)

Steve & Barry’s Files for Bankruptcy
Steve & Barry’s , the purveyor of ultra-low-cost brands by the likes of Sarah Jessica Parker and Stephon Marbury, filed for Chapter 11 bankruptcy on Wednesday, the latest retailer to fall victim to the slumping economy. (Wed, 09 Jul 2008 20:11:45 GMT)

Steve & Barry's bankruptcy deals another blow to malls
NEW YORK (MarketWatch) – U.S. mall owners, already facing declining sales and traffic at anchor department stores, were dealt yet another blow Wednesday with the bankruptcy of once fast-growing retailer Steve & Barry’s. (Wed, 09 Jul 2008 21:06:44 GMT)

Michael Vick Taps Crowell & Moring for Bankruptcy Filing
A speedster when starring in the National Football League, Michael Vick can't seem to outrun his legal -- and financial -- problems. Currently serving a 23-month prison sentence after pleading guilty to federal dogfighting charges last year, Vick filed for bankruptcy on Monday in the Eastern District of Virginia. The former Atlanta Falcons star tapped Washington, D.C.'s Crowell & Moring and ... (Thu, 10 Jul 2008 01:01:12 GMT)

Steve & Barry's files for bankruptcy protection
Steve & Barry's LLC, once a growing force in low-priced fashion retailing, said Wednesday that it filed for Chapter 11 bankruptcy protection, the latest merchant to succumb to a harsh consumer spending climate. (Thu, 10 Jul 2008 02:20:50 GMT)

Steve & Barry's clothing chain files for bankruptcy
Steve & Barry's, once a growing force in low-priced fashion retailing, said Wednesday that it filed for Chapter 11 bankruptcy protection. (Thu, 10 Jul 2008 06:16:50 GMT)

Michael Vick Taps Crowell & Moring for Bankruptcy Filing
A speedster when starring in the National Football League, Michael Vick can't seem to outrun his legal -- and financial -- problems. Currently serving a 23-month prison sentence after pleading guilty to federal dogfighting charges last year, Vick filed for bankruptcy on Monday in the Eastern District of Virginia. (Thu, 10 Jul 2008 07:02:09 GMT)

Bankruptcy for low-cost retailer Steve & Barry's
NEW YORK - Steve & Barry's LLC, once a growing force in low-priced fashion retailing, said yesterday that it had filed for Chapter 11 bankruptcy protection, the latest merchant to succumb to a harsh consumer-spending climate. (Thu, 10 Jul 2008 07:38:18 GMT)

Steve & Barry’s files for bankruptcy protection
NEW YORK — Steve & Barry’s LLC, once a growing force in low-priced fashion retailing and an anchor store at the Schuylkill Mall since October, said Wednesday that it filed for Chapter 11 bankruptcy protection, the latest merchant to succumb to a harsh consumer spending climate. (Thu, 10 Jul 2008 13:54:54 GMT)

Steve and Barry's files for bankruptcy
NEW YORK and#8212; Steve and Barry's LLC, once a growing force in low-priced fashion retailing, said Wednesday that it filed for Chapter 11 bankruptcy protection, the latest merchant to succumb to a harsh consumer spending climate.It also announced that it was considering a plan to sell all or some of its assets to repay outstanding debt, and was eliminating 172 corporate and field staff ... (Thu, 10 Jul 2008 14:30:33 GMT)

Head of GM Europe denies group is close to bankruptcy
The head of General Motors Europe, Claus-Peter Forster, dismissed rumours that the auto giant was close to bankruptcy in a German press interview released on Thursday. (Thu, 10 Jul 2008 16:58:39 GMT)

GM CEO says speculation of bankruptcy "inaccurate"
General Motors Corp Chief Executive Rick Wagoner on Thursday said speculation that the top U.S. automaker was potentially a candidate for a bankruptcy filing was "inaccurate." (Thu, 10 Jul 2008 18:31:22 GMT)

GM won't seek bankruptcy - CEO
General Motors shares hit 54-year low, but chief executive Wagoner says company has solid cash position and will not apply for bankruptcy protection. (Thu, 10 Jul 2008 19:21:40 GMT)

GM CEO says it has no intention of seeking bankruptcy protection
The CEO of General Motors, Rick Wagoner, dismissed speculation that the largest U.S. automaker might soon seek bankruptcy protection and said it has solid cash position. (Thu, 10 Jul 2008 21:57:08 GMT)

Wagoner seeks to quell General Motors bankruptcy speculation
The chairman and CEO sought Thursday to quash speculation that the automaker was heading for bankruptcy and said it had plenty of access to cash to weather the downturn. (Fri, 11 Jul 2008 05:18:15 GMT)

Wagoner rules out bankruptcy for GM
The chief executive of General Motors dismissed speculation yesterday that the largest U.S. automaker might soon seek bankruptcy protection. (Fri, 11 Jul 2008 08:55:53 GMT)

GM CEO dismisses bankruptcy speculation
DALLAS — Rick Wagoner, chief executive officer of General Motors Corp., has dismissed speculation that the largest U.S. automaker might soon seek bankruptcy protection. Comments in the past week about a potential bankruptcy are “not at all constructive or accurate,” he said yesterday at a lunch meeting of Dallas business leaders. Last week, a Merrill Lynch analyst cut his rating on GM stock ... (Fri, 11 Jul 2008 10:00:25 GMT)

GM chief: We won't go into bankruptcy
The chief executive of General Motors Corp. dismissed speculation that the largest U.S. automaker might soon seek bankruptcy protection. (Fri, 11 Jul 2008 12:15:07 GMT)

NorthWestern pays $23M bankruptcy settlement
NorthWestern Corp., an electricity and natural gas provider, said Friday a bankruptcy court has approved a settlement between NorthWestern, Magten Asset Management, Law Debenture Trust Company of New York and holders of quarterly income preferred securities. (Fri, 11 Jul 2008 12:41:34 GMT)

GM denies bankruptcy near
Shares fall to lowest level since mid-1950s Shares of General Motors Corp. slid to a five-decade low Thursday, even as its chief executive dismissed speculation that the largest U.S. carmaker might soon seek bankruptcy protection. (Fri, 11 Jul 2008 13:03:40 GMT)

Polish shipyard workers rally, fearing bankruptcy
Thousands of workers staged protests on Friday at Poland's shipyards, symbolic heart of the anti-communist Solidarity union, amid fears the European Union may force them into bankruptcy in a row over state aid. (Fri, 11 Jul 2008 16:49:08 GMT)

NorthWestern settles claim from bankruptcy case
NorthWestern Corp., an electricity and natural gas provider, said Friday a bankruptcy court has approved a settlement between NorthWestern, Magten Asset Management, Law Debenture Trust Company of New York and holders of quarterly income preferred securities. (Fri, 11 Jul 2008 18:26:23 GMT)

Clothing Company Responsible For Starbury Sneakers Files For Bankruptcy
Written By Cyrus Langhorne Popular retailer Steve & Barry’s known for their signature, inexpensive clothing lines from NBA player Stephon Marbury and actress Sarah Jessica Parker has filed Chapter 11 bankruptcy. (Fri, 11 Jul 2008 18:48:02 GMT)

Shares of GM hit new low on bankruptcy worries
Shares of General Motors Corp. slid to another record low Thursday, as speculation swirled about the financial viability of U.S.-based automakers and a possible bankruptcy filing at GM. (Fri, 11 Jul 2008 19:55:26 GMT)

Union fears Midwest Airlines near bankruptcy
The corporate parent of Midwest Airlines appears headed toward a Chapter 11 bankruptcy filing, the head of the company’s pilots union said Friday. (Sat, 12 Jul 2008 02:05:11 GMT)

Trucking firm filing for bankruptcy
MISSOULA — A Missoula-based trucking company with more than 400 employees plans to file for Chapter 11 bankruptcy protection, following similar filings by two subsidiaries. (Sat, 12 Jul 2008 07:19:06 GMT)

Michael Vick files for bankruptcy
RICHMOND, Va. (AP) — Imprisoned quarterback Michael Vick filed for bankruptcy protection while serving time for federal dogfighting charges, saying he owes between $10 million and $50 million to creditors. (Sat, 12 Jul 2008 08:16:54 GMT)

Pilots: Midwest Airlines seeks bankruptcy
MILWAUKEE, July 12 (UPI) -- Pilots for Midwest Airlines Saturday feared the U.S. airline would soon file for bankruptcy after failing to reach a collective bargaining agreement with them. (Sat, 12 Jul 2008 14:36:33 GMT)

Pilots: Midwest Airlines seeks bankruptcy
Pilots for Midwest Airlines Saturday feared the U.S. airline would soon file for bankruptcy after failing to reach a collective bargaining agreement with them.Jay Schnedorf, chairman of the Air Line Pilots Association's Midwest Airlines chapter, told the Milwaukee Journal Sentinel he believes Midwest is not bargaining in good faith and is instead is looking for a better deal through a bankruptcy ... (Sat, 12 Jul 2008 14:39:08 GMT)

Trucking firm filing for bankruptcy
MISSOULA (AP) — A Missoula-based trucking company with more than 400 employees plans to file for Chapter 11 bankruptcy Jim Palmer Trucking Inc. will file for bankruptcy on Monday or Tuesday in Butte, a company attorney said. (Sun, 13 Jul 2008 06:35:22 GMT)

Michael Vick files for bankruptcy
RICHMOND, Va. (AP) — Imprisoned quarterback Michael Vick filed for bankruptcy protection while serving time for federal dogfighting charges, saying he owes between $10 million and $50 million to creditors. (Sun, 13 Jul 2008 08:18:57 GMT)

Thinking about bankruptcy? You have 2 choices
The toll that the weak economy has taken on consumers' pocketbooks can be seen in the growing number of personal bankruptcies filed. (Mon, 14 Jul 2008 04:54:46 GMT)

Bankruptcy's risky for automakers
Detroit's automakers have entered a new and darker chapter in their history, with bankruptcy suddenly looming as a possibility because of the severity of the auto market downturn. (Mon, 14 Jul 2008 05:18:14 GMT)

Tippins Inc. ceases operations, files for Chapter 7 bankruptcy
One of the great names in Pittsburgh's steel industry is history. (Mon, 14 Jul 2008 05:51:05 GMT)

Trucking firm filing for bankruptcy
MISSOULA (AP) — A Missoula-based trucking company with more than 400 employees plans to file for Chapter 11 bankruptcy Jim Palmer Trucking Inc. will file for bankruptcy on Monday or Tuesday in Butte, a company attorney said. (Mon, 14 Jul 2008 06:50:24 GMT)

Institute for Financial Literacy Releases New Research Showing that Women Continue to File Bankruptcy at ...
Women were more likely than men to file bankruptcy in 2007 according to recently released research which gathered Information on gender, age, race and other factors from over 36,000 consumers seeking pre-bankruptcy credit counseling throughout the United States. This project represents one of the largest data collections of its kind related to bankruptcy filings. (Mon, 14 Jul 2008 07:01:00 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, 14 Jul 2008 07:48:46 GMT)

Michael Vick files for bankruptcy
RICHMOND, Va. (AP) — Imprisoned quarterback Michael Vick filed for bankruptcy protection while serving time for federal dogfighting charges, saying he owes between $10 million and $50 million to creditors. (Mon, 14 Jul 2008 08:03:20 GMT)

Martinsa Shares Are Suspended After Bankruptcy Report (Update1)
July 14 (Bloomberg) -- Martinsa-Fadesa SA was suspended from trading in Madrid after the newspaper Expansion reported that the developer's creditors expect the company to seek bankruptcy protection this week. (Mon, 14 Jul 2008 10:58:06 GMT)

Wife of canoe man lied to avoid bankruptcy 'shame', court told
Anne Darwin 'coolly' played the part of the grieving widow to save the family from bankruptcy, jury hears (Mon, 14 Jul 2008 13:04:33 GMT)

Martinsa Shares Are Suspended After Bankruptcy Report (Update2)
July 14 (Bloomberg) -- Martinsa-Fadesa SA was suspended from trading in Madrid after the newspaper Expansion reported that the developer's creditors expect the company to seek bankruptcy protection this week. (Mon, 14 Jul 2008 15:43:17 GMT)

Cameron Proposes U.S.-Style Bankruptcy System for U.K. Business
July 14 (Bloomberg) -- David Cameron , leader of Britain's opposition Conservative Party, will say that he wants to introduce bankruptcy laws modeled on the U.S. system to give struggling businesses space to turn their fortunes around. (Mon, 14 Jul 2008 21:33:49 GMT)

Cleaners file for bankruptcy protection
The parent company of Pride Cleaners, which operates 49 dry cleaning stores in the metropolitan Kansas City area, has sought Chapter 11 bankruptcy protection in Delaware, citing liquidity problems. (Tue, 15 Jul 2008 03:39:18 GMT)

Ad agency continues on despite Steve & Barry's bankruptcy
News last week that red-hot fashion apparel chain Steve & Barry’s had filed for bankruptcy was bad news for Bernstein-Rein, which picked up the account in late 2006. (Tue, 15 Jul 2008 03:39:38 GMT)

Tuchman Cleaners owner files bankruptcy
The Arizona-based parent company of Tuchman Cleaners, a large Indianapolis chain that has been laundering clothes here for more than 60 years, has filed for bankruptcy protection, saying it is burdened by massive debt and a slowing economy. (Tue, 15 Jul 2008 06:58:03 GMT)

Spanish building stocks fall amid bankruptcy fears
Companies connected to the Spanish property market fell sharply on Tuesday, with investors spooked by the sector’s first likely high-profile bankruptcy. (Tue, 15 Jul 2008 11:06:24 GMT)

Tories plan revamp of bankruptcy laws
LONDON (Reuters) - The Conservatives pledged on Tuesday to revamp the country's bankruptcy laws to give companies more breathing space in an economic downturn. (Tue, 15 Jul 2008 13:28:36 GMT)

 Bankruptcy of property firm adds to Spain's economic woes - Summary
Madrid - The decision of one of Spain's top property companies to seek bankruptcy protection intensified concern about the country's deepening economic crisis Tuesday. Martinsa-Fadensa, which has some 170,000 homes for sale and 29 million square metr... (Tue, 15 Jul 2008 13:48:11 GMT)

Pierre Foods files for Chapter 11 bankruptcy
Pierre Foods Inc. said Tuesday it has filed for Chapter 11 bankruptcy reorganization, after several quarters of losses and a major credit default. (Tue, 15 Jul 2008 14:17:37 GMT)

Pierre Foods files for bankruptcy protection
Privately held Pierre Foods Inc., which produces beef, pork and chicken for schools and other markets, on Tuesday said it filed for Chapter 11 bankruptcy protection, citing the rising cost of raw materials as the reason. (Tue, 15 Jul 2008 14:49:28 GMT)

Automakers view bankruptcy as last resort
DETROIT, July 14 (UPI) -- Bankruptcy would be a move of last resort, and a risky one, for U.S. automakers, industry analysts said Monday. (Tue, 15 Jul 2008 15:21:57 GMT)

Southern Arizona car dealerships file bankruptcy
So. Arizona car dealerships file bankruptcy (Tue, 15 Jul 2008 19:27:20 GMT)

Bankruptcy judge opens door to creditor financing options for Mortgages Ltd.
A bankruptcy hearing to determine the source of emergency funding for Mortgages Ltd. was continued after borrowers said they could provide better alternatives. (Wed, 16 Jul 2008 02:34:53 GMT)

Parent of Wildcat cars seeks bankruptcy protection
The parent company of Wildcat Mitsubishi has filed for bankruptcy protection. (Wed, 16 Jul 2008 07:25:33 GMT)

Vertis files for bankruptcy to ease merger with printer
Vertis Inc., a Baltimore advertising and direct-marketing services provider, filed for bankruptcy protection yesterday to ease a merger with American Color Graphics Inc., the third-largest insert printer in North America. (Wed, 16 Jul 2008 07:44:59 GMT)

Bridgecorp man faces bankruptcy
The receivers of the failed Bridgecorp finance group have now filed bankruptcy proceedings against the company's founder. Rod Petricevic has failed to pay a $600,000 bond to the High Court and receivers say they will "vigourously pursue" him for debts of almost $4 million. (Wed, 16 Jul 2008 08:00:19 GMT)

Workers Challenging Bankruptcy Ruling
Nearly 400 former AB&C Group workers plan to challenge a judge's ruling that the company's bankruptcy prevents him from immediately releasing funds for their final paychecks. (Wed, 16 Jul 2008 08:03:33 GMT)

Judge appoints trustee for Cetus bankruptcy case
A federal bankruptcy judge appointed a trustee Tuesday to oversee the case of a Reno mortgage company recently taken over by the state after allegations of forged loan documents, possible fraud and questionable financing that has filed for Chapter 11 reorganization. (Wed, 16 Jul 2008 08:44:38 GMT)

Tories plan revamp of bankruptcy laws
LONDON (Reuters) - The Conservative Party pledged on Tuesday to revamp bankruptcy laws to give companies more breathing space in an economic downturn, one a series of measures in a new economic recovery plan. (Wed, 16 Jul 2008 11:34:18 GMT)

Auto bankruptcy would drive away buyers: survey
More than 80 percent of Americans who intend to buy a new car would abandon their plans if the automaker behind the brand filed for bankruptcy, according to a study released on Wednesday. (Wed, 16 Jul 2008 18:11:38 GMT)

Shannon Miller's Ex-Husband Files Bankruptcy
The former husband of Olympic gymnast Shannon Miller of Edmond files for bankruptcy in Seattle months after suddenly closing his laser eye surgery business. (Wed, 16 Jul 2008 21:24:38 GMT)

Bankruptcy fears as Aberdeen council’s cuts double to £50m
Fears were expressed yesterday that Aberdeen City Council could face bankruptcy after it was revealed that it could have to make savings of £50m - almost double the original amount forecast. (Wed, 16 Jul 2008 23:35:05 GMT)

Discount shoe chain with O.C. stores files for bankruptcy
The chain with 3 O.C. stores is the latest retailer to file for bankruptcy. (Thu, 17 Jul 2008 05:03:05 GMT)

National Bankruptcy Lawyers Utilize SEO to enhance Bankruptcy Education Website
Roberts Law Partners has hired LeadRival to provide search engine optimization (SEO) and search engine marketing (SEM) services for BetterBankruptcy.com. The site helps clients seeking information about filing Chapter 13 or Chapter 7 Bankruptcy. In addition to articles about bankruptcy law, the site contains exemptions and disclosures for Florida bankruptcy, Texas bankruptcy and the rest of the ... (Thu, 17 Jul 2008 07:01:00 GMT)

Bankruptcy of Boyce co-op still in court
The bankruptcy of the Central Louisiana Grain Cooperative in Boyce remains in the court system. (Thu, 17 Jul 2008 08:01:08 GMT)

Michael Vick files for bankruptcy
RICHMOND, Va. (AP) — Imprisoned quarterback Michael Vick filed for bankruptcy protection while serving time for federal dogfighting charges, saying he owes between $10 million and $50 million to creditors. (Thu, 17 Jul 2008 08:04:24 GMT)

Q: I have a bankruptcy on my credit report. Will I be able to get a mortgage?
A: The National Association of Realtors says a bankruptcy filing stays on your credit record for 10 years and it will be tough getting a mortgage. (Thu, 17 Jul 2008 08:56:36 GMT)

Etelcharge Announces Decision of California Bankruptcy Court to Approve Etelcharge's Acquisition of Payment One
Etelcharge.com, the new online way to pay(TM), today announced that the Company's acquisition of Payment One was approved by the United States Bankruptcy Court for the Northern District of California. As previously disclosed, Etelcharge entered into an agreement to acquire the outstanding equity of Payment One Corporation from The Billing Resource, which had filed for bankruptcy protection late ... (Thu, 17 Jul 2008 10:30:00 GMT)

US: Shoe Pavilion files for Chapter 11 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: Off-price footwear retailer Shoe Pavilion Inc has filed for Chapter 11 bankruptcy protection according to a notice posted with the US Securities and Exchange Commission on Tuesday (15 July). (Thu, 17 Jul 2008 14:50:49 GMT)

Vick seeks more time in bankruptcy case
Imprisoned quarterback Michael Vick wants more time for paperwork in his bankruptcy proceeding. (Fri, 18 Jul 2008 02:25:07 GMT)

Lake Las Vegas files Chapter 11 bankruptcy
In potentially one of the largest bankruptcies in Nevada history, Lake Las Vegas, a 3,592-acre residential and resort development in Henderson, filed for Chapter 11 bankruptcy today. (Fri, 18 Jul 2008 02:25:24 GMT)

Zephyr Files for Bankruptcy With 95 Billion Yen Debt (Update1)
July 18 (Bloomberg) -- Zephyr Co. , a property developer, filed for bankruptcy protection at the Tokyo District Court with debt of 94.9 billion yen ($892 million), the second bankruptcy by a Japanese builder in a day. (Fri, 18 Jul 2008 09:19:42 GMT)

SemGroup could file bankruptcy
Tulsa-based Energy giant said bankruptcy is an option after credit rating cut by Moody's (Fri, 18 Jul 2008 09:52:11 GMT)

Belvedere, French Vodka Maker, Files for Bankruptcy (Update1)
July 18 (Bloomberg) -- Belvedere SA , the French maker of Sobieski vodka whose shares have dropped 70 percent in the past year, received bankruptcy protection from a French court. (Fri, 18 Jul 2008 11:21:56 GMT)

Michael Vick wants more time to fill out paperwork in bankruptcy case
NEWPORT NEWS, Va. (AP) -- Imprisoned quarterback Michael Vick wants more time for paperwork in his bankruptcy proceeding. The suspended NFL star, appearing by teleconference in U.S. Bankruptcy Court in Newport News on Thursday, said he needs more time to file lists of creditors. (Fri, 18 Jul 2008 12:02:11 GMT)

Vick's Bankruptcy
Vick asks for more time in bankruptcy case. (Fri, 18 Jul 2008 12:38:46 GMT)

SemGroup ponders bankruptcy as stock plummets
Associated Press - July 18, 2008 8:45 AM ET TULSA, Okla. (AP) - Tulsa-based SemGroup Energy Partner LP is considering filing for bankruptcy after its stock fell more than 50%. (Fri, 18 Jul 2008 12:48:36 GMT)

Vick seeks extension, adviser for bankruptcy
Suspended NFL quarterback Michael Vick appeared by teleconference hookup at a U.S. Bankruptcy Court hearing in Newport News on Thursday. (Fri, 18 Jul 2008 13:19:49 GMT)

Scottish bankruptcy rate doubles
Bankruptcies have more than doubled since new rules made the process easier in Scotland, official figures revealed. The Accountant in Bankruptcy said there were 2,853 cases between April and June, 104% more than the previous quarter and 78% higher than the same time last year. (Fri, 18 Jul 2008 14:24:38 GMT)

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