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Home > Bankruptcy News

Bankruptcy News Aug 2008

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Bankruptcy dims Vista
A long and controversial fight to construct 77 single-family homes above the Santa Maria Speedway has led project developers to bankruptcy and potential bank foreclosure. (Mon, 18 Aug 2008 14:50:06 GMT)

Report: More New Yorkers Declaring Bankruptcy
Bankruptcy numbers are reportedly up across the city as more New Yorkers fall victim to the housing crisis. A report today by Crain's New York Business says the number of New Yorkers declaring bankruptcy this year is up nearly a third from 2007. (Mon, 18 Aug 2008 14:56:33 GMT)

Barbeques Galore Files for Bankruptcy in California (Update1)
Aug. 18 (Bloomberg) -- Barbeques Galore Inc. , a closely held retailer of barbeque grills and accessories in the U.S. and Australia, filed for bankruptcy, citing a decline in home sales, a ``trigger'' for its grill sales. (Mon, 18 Aug 2008 21:13:52 GMT)

Petelos in favor of sewer bankruptcy
Hoover Mayor Tony Petelos said bankruptcy is the best option to resolve Jefferson County's sewer debt crisis during a Hoover City Council meeting Monday night. (Tue, 19 Aug 2008 08:34:18 GMT)

Restoring credit after bankruptcy
Paying off a debt that wasn't reaffirmed won't be reported to the credit agencies, says the Bankruptcy Adviser. (Tue, 19 Aug 2008 10:00:00 GMT)

Linens bankruptcy recovery plan reported
Linens 'n Things, the Clifton-based retailer that filed for Chapter 11 protection in May, has devised a plan to emerge from bankruptcy early next year, according to a published report. (Tue, 19 Aug 2008 11:12:04 GMT)

SageCrest Files for Bankruptcy
SageCrest has filed for Chapter 11 bankruptcy after its assets fell sharply and it suspended redemptions. (Tue, 19 Aug 2008 11:43:18 GMT)

EZ Dumper files for Chapter 7 bankruptcy, Waynesboro plant dark
WAYNESBORO, Pa. - The lights were off and phones went unanswered Monday at EZ Dumper, a 36-year-old company being liquidated under Chapter 7 bankruptcy. (Tue, 19 Aug 2008 12:24:26 GMT)

American Home to pay fraction of bankruptcy claims
American Home Mortgage Investment Corp , which was among the largest U.S. home loan providers before seeking bankruptcy protection a year ago, said it will pay unsecured creditors no more than 5.9 cents on the dollar as it liquidates assets. (Tue, 19 Aug 2008 13:43:03 GMT)

Bankruptcy dims Vista
A long and controversial fight to construct 77 single-family homes above the Santa Maria Speedway has led project developers to bankruptcy and potential bank foreclosure. (Tue, 19 Aug 2008 14:50:00 GMT)

The Park developer faces bankruptcy petition
A trio of contractors is seeking to block the foreclosure sale of The Park condo project in uptown Charlotte, filing an involuntary bankruptcy petition against its developer. (Tue, 19 Aug 2008 21:37:27 GMT)

Key supplier on Bombardier's Learjet 85 business plane declares bankruptcy
MONTREAL - Bombardier Aerospace (TSX:BBD.B) assured Tuesday that the development of its new Learjet 85 business plane won't be unduly affected by the bankruptcy of Grob Aerospace, which is developing the composite materials for the new aircraft. (Tue, 19 Aug 2008 21:40:50 GMT)

Investors hope to cash in on bankruptcy filings
The slowing U.S. economy is forcing more companies into bankruptcy court, prompting some on Wall Street to wonder if rivals of the struggling firms will end up reaping some of the benefits. (Wed, 20 Aug 2008 02:25:15 GMT)

Bennigan's closes after parent company files for bankruptcy
The Bennigan's Grill and Tavern in Rockville, once a popular dining destination for the lunch and dinner crowd, abruptly closed for good July 29 after its parent company filed for bankruptcy. (Wed, 20 Aug 2008 05:54:14 GMT)

Judge extends deadline in bankruptcy plan
A judge has given the owner of the Lovell Place apartment complex more time to get out of bankruptcy. The bankruptcy reorganization plan for Lovell Place Limited Partnership is now due by Oct. 14 in U.S. Bankruptcy Court in Erie. The deadline had been Aug. 15. (Wed, 20 Aug 2008 06:43:16 GMT)

Bankruptcy claim filed against bishop
The bishop of the Norwegian state church in Stavanger has unwillingly made church history by being the first in his position to face a bankruptcy petition. Both he and the church claim it's a private matter. Others aren't so sure. (Wed, 20 Aug 2008 11:45:10 GMT)

Hoover Mayor Backs Calls for Jeff. Co.  To Declare Bankruptcy
Petolos Told WERC Radio commissioner need to declare Chapter 9 bankruptcy. (Wed, 20 Aug 2008 12:33:09 GMT)

American Home to pay fraction of bankruptcy claims
NEW YORK (Reuters) - American Home Mortgage Investment Corp (AHMIQ.PK), which was among the largest U.S. home loan providers before seeking bankruptcy protection a year ago, said it will pay unsecured creditors no more than 5.9 cents on the dollar as it liquidates assets. (Wed, 20 Aug 2008 17:34:10 GMT)

PRESS RELEASE: Fitch: New Bankruptcy Law Prevents Abusive Application
Fitch Ratings-Taipei/Hong Kong/Singapore-21 August 2008: Fitch Ratings said that the recently implemented Consumer Debt Clearance Law is positive for the consumer debt market in Taiwan in the long term and will be able to prevent abusive application by borrowers to rid themselves of debt obligations by filing for bankruptcy. (Thu, 21 Aug 2008 02:32:58 GMT)

Katona bankruptcy battle back in court
Former Atomic Kitten star Kerry Katona's bankruptcy battle with the taxman should be nearing an end. (Thu, 21 Aug 2008 07:32:03 GMT)

Nursing-home group files for bankruptcy
Brighten Health Group L.L.C., a Bryn Mawr skilled-nursing and rehabilitation group, and five of its nursing homes have filed for reorganization under Chapter 11 in U.S. Bankruptcy Court in Philadelphia. (Thu, 21 Aug 2008 08:27:06 GMT)

Katona bankruptcy battle back in court
Former Atomic Kitten star Kerry Katona's bankruptcy battle with the taxman should finally reach a conclusion at the High Court. The proceedings against Katona, 27, relate to an outstanding £157,000 of a £417,000 tax bill. (Thu, 21 Aug 2008 08:41:39 GMT)

Lynnkohn LLC Files Bankruptcy
SPRINGDALE - Less than 24 hours before the Legacy Building in downtown Fayettevillle was to go on the auction block, Lynnkohn developer Brandon Barber filed Chapter 11 bankruptcy in Washington County to stop the sale. (Thu, 21 Aug 2008 09:06:22 GMT)

Epiq's bankruptcy business has record month
Epiq Systems Inc. of Kansas City, Kan., says that July was a record month for the number of Chapter 11 bankruptcy engagements it was retained for, and that such engagements have increased substantially in the first seven months of 2008 versus the same period in 2007. (Thu, 21 Aug 2008 12:52:54 GMT)

Hedge Fund SageCrest Seeks Bankruptcy Protection
Greenwich, Conn.-based hedge fund SageCrest Finance, operated by Windmill Management, has filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court District of Connecticut, amid pressure from lenders and investors. (Thu, 21 Aug 2008 14:26:21 GMT)

Bankruptcy dims Vista
A long and controversial fight to construct 77 single-family homes above the Santa Maria Speedway has led project developers to bankruptcy and potential bank foreclosure. (Thu, 21 Aug 2008 14:50:03 GMT)

Jefferson County Mayors Endorse County Bankruptcy
Two dozen Jefferson County mayors endorsed a county bankruptcy in connection with the county’s three billion dollar sewer debt. (Thu, 21 Aug 2008 20:03:21 GMT)

Ya Heard Blog: Hip-Hop Weekly Filing Bankruptcy, Plus, 50 Fires Back At Kim Osorio's Claims!
YA HEARD GOSSIP BLOG: Hip-Hop Weekly Filing Bankruptcy? Plus, 50 Fires Back At Kim Osorio's Claims! (Thu, 21 Aug 2008 22:44:02 GMT)

Vallejo Workers Told To Keep Quiet Over Bankruptcy
CBS 5 has obtained a document from the City of Vallejo that urges its employees to keep quiet about the city's bankruptcy. (Fri, 22 Aug 2008 03:22:26 GMT)

Mistral Pharma files proposal under Bankruptcy and Insolvency Act
Mistral Pharma Inc announced that it has filed a proposal under the Bankruptcy and Insolvency Act (Canada) (the BIA). If ratified, the proposal shall effect a compromise of the Corporation's debts existing at June 13, 2008, and effect an arrangement under Section 191 of the Canada Business Corporation's Act. Demers Beaulne Inc has agreed to act as trustee to Mistral's proposal. (Fri, 22 Aug 2008 09:51:12 GMT)

Mrs Fields unaffected by US bankruptcy
Gourmet cookie cafe chain Mrs Fields says its United States business is about to file for bankruptcy but this will have no effect on the Australian franchise. (Fri, 22 Aug 2008 10:10:53 GMT)

Federal Grand Jury in Elkins Indicts Two on Bankruptcy Fraud
A federal grand jury sitting in Elkins has returned indictments against two Tucker County residents on charges of bankruptcy fraud and a Barbour County man accused of selling drugs. Charles E. Wamsley Jr. and Michael P. Wamsley of Hendricks were named in a six-count indictment. Counts one through four allege that Charles Wamsley committed bankruptcy fraud, between Sept. (Fri, 22 Aug 2008 13:50:27 GMT)

Top Tips: What you need to know about declaring bankruptcy
Foreclosures are at an all time high; consumer debt is over $2.5 trillion dollars and the rise in consumer bankruptcies are a disturbing new trend. If you're thinking about filing, Personal Finance Editor Gerri Willis has some tips on what you need to know. (Fri, 22 Aug 2008 14:45:00 GMT)

Trinity Hospital files for Chapter 11 bankruptcy protection
Trinity Hospital LLC has filed for Chapter 11 bankruptcy protection. (Fri, 22 Aug 2008 20:02:30 GMT)

Vallejo Bankruptcy Hearings Continue
A hearing on whether Vallejo is eligible to file Chapter 9 bankruptcy resumed in Sacramento Friday morning with testimony by a witness for the city's non-management unions who are contesting the bankruptcy petition. (Fri, 22 Aug 2008 20:07:50 GMT)

Bankruptcy Hearing Over; Wait Begins For Decision
The hearings on whether Vallejo is eligible for Chapter 9 bankruptcy ended Friday in U.S. Bankruptcy Court in Sacramento and the presiding judge said he hoped to have a decision by Sep.2. (Sat, 23 Aug 2008 00:08:21 GMT)

Stamford Center for the Arts files for bankruptcy
STAMFORD - Stamford Center for the Arts, home to the 81-year-old Palace Theatre and the Rich Forum filed for bankruptcy Friday. The center will remain open, but several shows will be canceled. (Sat, 23 Aug 2008 03:30:21 GMT)

Bankruptcy rule gives: Tropicana another chance at sell Aztar
EVANSVILLE -- Bankruptcy rules give Tropicana Entertainment, parent company of Evansville's Casino Aztar, one more chance to try to sell the riverboat for more than the $245 million offer it has on the table. (Sat, 23 Aug 2008 05:10:08 GMT)

Bankruptcy judge approves bid for Steve & Barry's
NEW YORK » A U.S. Bankruptcy Court judge on Friday approved a $163 million acquisition of discount clothing chain Steve & Barry's. BHY Holdings said earlier this week it had won a bid to buy Steve & Barry's for $168 million. A company representative was not available to discuss the court's decision or say why the purchase price had changed. The acquisition is expected to be completed Monday. ... (Sat, 23 Aug 2008 06:04:38 GMT)

Century City Hospital Files Bankruptcy, Will Close
Officials say the struggling Century City Doctors Hospital is filing for Chapter 7 bankruptcy protection and will shut its doors by Aug. 29. The hospital says in a statement Friday that it has canceled all elective surgeries and will close its emergency department at noon Saturday. (Sat, 23 Aug 2008 06:50:30 GMT)

Bankruptcy court allows Steve & Barry's takeover
A U.S. Bankruptcy Court judge on Friday approved a $163 million acquisition of discount clothing chain Steve & Barry's. (Sat, 23 Aug 2008 07:21:04 GMT)

Can SCA be saved? Palace, Rich Forum will stay open as group declares bankruptcy
STAMFORD - The Stamford Center for the Arts, struggling to survive lingering deficits and fiscal problems that led to the recent departures of top directors and termination of several employees, filed for bankruptcy Friday in state Superior Court in Bridgeport. (Sat, 23 Aug 2008 12:45:21 GMT)

Tanner cracks down on bankruptcy talk
Bankruptcy will be put in check at Vallejo City Hall after a directive City Manager Joe Tanner released Wednesday. All comments, concerns and opinions regarding bankruptcy's effect on the city's many departments will be filtered through a part-time public information (Sat, 23 Aug 2008 20:14:06 GMT)

Analyst: Bankruptcy Crisis Worse In Iowa
Financial analysts report that bankruptcy filings are up more than 30 percent over a year ago and the situation in Iowa may be even worse. (Sat, 23 Aug 2008 23:03:08 GMT)

Bankruptcy trustee seeking more than $11,000 from Terrill
OKLAHOMA CITY --?The trustee assigned to state Rep. Randy Terrill's bankruptcy is seeking more than $11,000 from Terrill's estate, documents filed this week with the Western District Federal Bankruptcy Court show. (Sun, 24 Aug 2008 04:13:42 GMT)

Louisiana bankruptcy filings are on the rise
The ranks of those seeking bankruptcy protection in southeast Louisiana have risen steadily this year, despite changes in the federal bankruptcy code intended to make it more difficult for people to get relief from bankruptcy courts. (Sun, 24 Aug 2008 05:42:53 GMT)

Bankruptcy not getting any easier
Changes in the federal bankruptcy rules that took effect in October 2005 make it more difficult to file for bankruptcy protection. But bankruptcy isn't something to consider lightly, because legally walking away from debt will weigh heavily on a person's life for years. (Sun, 24 Aug 2008 05:43:18 GMT)

Ways to Wealth: Type of bankruptcy depends on your income status
Question: We are in terrible financial straits and are considering filing for bankruptcy. I understand the laws changed a few years ago. (Sun, 24 Aug 2008 05:54:02 GMT)

Bankruptcy option for Jefferson County now considered, Collins says
The president of the Jefferson County Commission has softened her opposition to bankruptcy and is instructing lawyers to begin research on the impact a bankruptcy filing would have on the county. (Sun, 24 Aug 2008 08:30:52 GMT)

Bankruptcy boom Individual filings in tri-county area on the rise
Bankruptcy is back in a big way. (Sun, 24 Aug 2008 09:05:09 GMT)

Facing $1M Suit, Help-U-Sell Franchiser Files For Bankruptcy
By Glenn Roberts Jr. The Help-U-Sell Real Estate franchise company entered Chapter 11 bankruptcy proceedings after a group of regional operators filed an involuntary petition for bankruptcy. (Sun, 24 Aug 2008 09:17:18 GMT)

Hanover eyes $4m after bankruptcy appeal fails
Hanover Finance looks set to recoup more than $4 million from Auckland property developer Andrew Krukziener after the High Court quashed his appeal against bankruptcy proceedings. (Sun, 24 Aug 2008 17:10:50 GMT)

Mrs. Fields' files for Chapter 11 bankruptcy
Mrs. Fields' Original Cookies, a national chain of baked goods stores started by a young California mother with no business experience, filed for bankruptcy protection today. (Sun, 24 Aug 2008 22:16:21 GMT)

Bankruptcy Court Approves $127M Financing for Lake Las Vegas Developer
The court handling the bankruptcy of Las Vegas Joint Venture L.L.C., the master developer of the Lake Las Vegas Resort, has approved a $127 million debtor-in-possession financing agreement with a group of lenders led by Credit Suisse as agent. (Mon, 25 Aug 2008 00:12:11 GMT)

Jefferson County researching bankruptcy option
Jefferson County Commission President Bettye Fine Collins has told attorneys to begin research on the impact a bankruptcy filing for the county that has a $3.2 billion sewer debt and soaring interest rates. (Mon, 25 Aug 2008 00:14:32 GMT)

Struggling Northeast D.C. co-op declares bankruptcy
Less than three years after tenants at The Metropolitan apartments in Northeast D.C. banded together to buy their building, the cash-strapped cooperative has declared bankruptcy in the middle of a heated dispute with a developer who bought the co-op’s mortgage from the original lender. (Mon, 25 Aug 2008 05:12:15 GMT)

Puget Sound mortgage mess kicks bankruptcy firms into over drive
Seattle bankruptcy attorney Shelly Crocker can pinpoint the exact date she started to see a huge uptick in cases related to the mortgage mess: Oct. 15, 2007. (Mon, 25 Aug 2008 05:12:26 GMT)

Bankruptcy plan will let Mrs. Fields cut its debt
The cookie company filed for bankruptcy Sunday with a plan that will allow it to keep stores open for the holiday season. (Mon, 25 Aug 2008 05:13:32 GMT)

County still mulling bankruptcy
BIRMINGHAM -- Jefferson County Commission President Bettye Fine Collins has told attorneys to begin researching what impact a bankruptcy filing for the county would have as it faces a $3.2 billion sewer debt and soaring interest rates. (Mon, 25 Aug 2008 09:05:09 GMT)

Son's fees cloud Biden's bankruptcy bill push
During years that Sen. Joe Biden was helping the credit card industry win passage of a law making it harder for consumers to file for bankruptcy protection, his son received more than $400,000 in consulting fees from a company pushing for the change. (Mon, 25 Aug 2008 11:11:54 GMT)

Jeffco researching bankruptcy option
Jefferson County Commission President Bettye Fine Collins has told attorneys to begin researching what impact a bankruptcy filing for the county would have as it faces a $3.2 billion sewer... (Mon, 25 Aug 2008 13:53:01 GMT)

Asahi Homes' Shareholder Files for Bankruptcy Protection
Aug. 26 (Bloomberg) -- Asahi Homes Co.'s biggest shareholder, Sabon Corp., yesterday filed for bankruptcy protection with 62 billion yen ($568 million) in liabilities, Asahi Homes said in a press release. (Mon, 25 Aug 2008 22:55:38 GMT)

Construction contractor files for bankruptcy
A construction contractor whose company is frequently tapped to do work for the state has filed for personal bankruptcy. Read comments (Tue, 26 Aug 2008 00:18:43 GMT)

Asahi Homes' Parent Files for Bankruptcy Protection (Update2)
Aug. 26 (Bloomberg) -- Asahi Homes Co.'s biggest shareholder, Sebon Corp., yesterday filed for bankruptcy protection with 62 billion yen ($568 million) in liabilities, Asahi Homes said in a press release. (Tue, 26 Aug 2008 00:25:47 GMT)

Construction contractor files for bankruptcy
A construction contractor whose company is frequently tapped to do work for the state has filed for personal bankruptcy. C.C. Myers filed for Chapter 7 bankruptcy protection nine months after Wachovia Bank said he defaulted on a $65 million personal loan for... (Tue, 26 Aug 2008 00:36:37 GMT)

Asahi Homes Shares Fall After Parent Seeks Bankruptcy (Update1)
Aug. 26 (Bloomberg) -- Asahi Homes Co. plunged to the lowest in more than five years in Tokyo trading after its biggest shareholder filed for bankruptcy protection with 62 billion yen ($568 million) in liabilities. (Tue, 26 Aug 2008 02:55:37 GMT)

2 Sweetgrass facilities placed under bankruptcy protection
Two Mount Pleasant elder-care providers were placed under bankruptcy protection last week, after the company that controls them defaulted on a $58 million loan. The 38-bed Sweetgrass Court Memory Care Community on Anna Knapp Boulevard and the 85-bed Sweetgrass Village Assisted Living Community on Mathis Ferry Road remain open. (Tue, 26 Aug 2008 04:44:20 GMT)

Delphi's emergence from bankruptcy is uncertain
Nearly three years after Delphi Corp. filed for bankruptcy, its prospects for emerging soon remain deeply uncertain as the Troy-based auto parts supplier faces growing pressure from investors and the government. (Tue, 26 Aug 2008 05:07:52 GMT)

Steps toward bankruptcy
Job loss and medical bills have likely put a reader on the path to bankruptcy, says the Bankruptcy Adviser. (Tue, 26 Aug 2008 10:00:00 GMT)

Contractor C.C Myers Files For Personal Bankruptcy
Well-known Northern California building contractor C.C Myers has filed for personal bankruptcy. Late last Friday afternoon, Myers reportedly filed for chapter seven paperwork in U.S Bankruptcy Court. (Tue, 26 Aug 2008 11:44:50 GMT)

SACRAMENTO Top contractor files bankruptcy
A construction contractor whose company is frequently tapped to do work for the state has filed for personal bankruptcy.C.C. Myers filed for Chapter 7 bankruptcy protection nine months after Wachovia Bank said he defaulted on a $65 million personal loan for an Auburn development. (Tue, 26 Aug 2008 11:56:29 GMT)

Ruling allows forced bankruptcy of Tony Rezko over $18 million debt
The forced bankruptcy of former political fundraiser Antoin "Tony" Rezko can proceed after a decision Tuesday by a judge in U.S. Bankruptcy Court in Chicago. (Tue, 26 Aug 2008 23:38:49 GMT)

Alabama County Prepares for a Possible Bankruptcy Filing
Officials told lawyers to prepare a bankruptcy filing if Jefferson County was unable to reach an agreement with creditors over how to escape from $3 billion of bonds with soaring interest rates. (Wed, 27 Aug 2008 03:54:47 GMT)

Alabama County Prepares for Bankruptcy in Debt Crisis (Update3)
Aug. 26 (Bloomberg) -- Jefferson County, Alabama, officials told their lawyers to prepare a bankruptcy filing if the county can't reach an agreement with creditors over how to escape from $3 billion of bonds with soaring interest rates. (Wed, 27 Aug 2008 05:19:40 GMT)

Goldcrest Leads Drop in Japan Realtors After Sohken Bankruptcy
Aug. 27 (Bloomberg) -- Goldcrest Co. and Atrium Co. led a slump in Japanese real estate stocks after Sohken Homes Co. filed for bankruptcy protection with 33.9 billion yen ($310 million) of debt. (Wed, 27 Aug 2008 05:29:48 GMT)

Japan Stocks Fall on Developer's Bankruptcy; Inpex Rises on Oil
Aug. 27 (Bloomberg) -- Japan's stocks fell after developer Sohken Homes Co. filed for bankruptcy, sparking concern consumers are holding back on major purchases as the economy slows. (Wed, 27 Aug 2008 05:37:10 GMT)

Japan Stocks Fall on Developer's Bankruptcy; Papermakers Rise
Aug. 27 (Bloomberg) -- Japan's stocks fell after developer Sohken Homes Co. filed for bankruptcy, sparking concern consumers are holding back on purchases as the economy slows. (Wed, 27 Aug 2008 06:25:42 GMT)

Japan Stocks Fall on Developer's Bankruptcy; Papermakers Rise
Aug. 27 (Bloomberg) -- Japan's stocks declined for a second day after developer Sohken Homes Co. filed for bankruptcy, sparking concern consumers are holding back on purchases as the economy slows. (Wed, 27 Aug 2008 08:10:38 GMT)

State Rep. Rod Scott wants research on what impact Jefferson County bankruptcy would have on Birmingham
State Rep. Rod Scott asked the Birmingham City Council on Tuesday to research how a Jefferson County bankruptcy filing would affect the city and to consider taking a stance against the move. (Wed, 27 Aug 2008 08:57:08 GMT)

Gov. Bob Riley, bankruptcy lawyer to lead Jefferson County sewer debt talks
The Jefferson County Commission unanimously voted Tuesday to authorize Gov. Bob Riley and a Birmingham law firm to take over negotiations with creditors to restructure the county's $3.2 billion sewer debt while preparing a plan for bankruptcy. (Wed, 27 Aug 2008 08:59:08 GMT)

Alabama County Prepares for a Possible Bankruptcy Filing
Officials of Jefferson County in Alabama told their lawyers to prepare a bankruptcy filing if the county was unable to reach an agreement with creditors over how to escape from $3 billion of bonds with soaring interest rates. (Wed, 27 Aug 2008 10:58:28 GMT)

Bankruptcy filings near 1M in past 12 months, up almost 30%
Nearly 1 million individuals and businesses filed bankruptcy in the 12 months ended June 30, up 28.9% from the prior 12 months, according to U.S. Court data released Wednesday. (Wed, 27 Aug 2008 17:20:19 GMT)

Bankruptcy filings surge to 1 million - up 29%
As things in the economy have gotten worse, the number of people and businesses heading to bankruptcy court has spiked. (Wed, 27 Aug 2008 17:43:56 GMT)

Tenn.'s bankruptcy filings per capita still lead
Tennessee continued its streak of having the highest per-capita rate of bankruptcy filings in the U.S. during fiscal year 2008, as numbers re leased Wednesday showed 6.92 filings per 1,000 people. (Thu, 28 Aug 2008 07:19:15 GMT)

Bankruptcy filings are soaring in Indiana
Bankruptcy filings in Indiana have soared 26.5 percent, the latest sign that the economy is slowing down and taking a toll on businesses and households. (Thu, 28 Aug 2008 07:26:06 GMT)

Japan's Topix Index Declines on Bankruptcy Concerns; Acom Jumps
Aug. 28 (Bloomberg) -- Japan's Topix index fell for a third day as a drop by developers on bankruptcy concerns overshadowed speculation banks will boost their stakes in consumer lenders. (Thu, 28 Aug 2008 08:25:37 GMT)

Bankruptcy filings up 28.9 percent
The effects of a struggling economy and a decline in the housing market have shown up in another barometer of economic health: bankruptcy filings. (Thu, 28 Aug 2008 10:25:02 GMT)

Mrs. Fields has plan to exit bankruptcy
A bankruptcy judge said Wednesday that Mrs. Fields Original Cookies Inc. can continue to pay workers and vendors in the normal course of business. The approval was part of the company's first-day motions, which a company makes near the start of its bankruptcy to get court approval of basic business expenditures such as employee wages and payment of goods and services from vendors. (Thu, 28 Aug 2008 12:02:24 GMT)

Italy Changes Bankruptcy Law to Ease Alitalia Sale (Update1)
Aug. 28 (Bloomberg) -- Italian Prime Minister Silvio Berlusconi 's government today revised its main bankruptcy law to clear the way for the sale of unprofitable state-owned airline Alitalia SpA to private investors. (Thu, 28 Aug 2008 14:15:21 GMT)

Bankruptcy filings jump 28.9%
DEBT: Total cases for the year ending June 30 came to almost 1 million. By The Associated Press NEW YORK - Nearly 1 million individuals and businesses filed bankruptcy in the 12 months that ended June30, according to U. (Thu, 28 Aug 2008 14:49:03 GMT)

Zoom Airlines files for bankruptcy, grounds planes
Zoom Airlines, a Canadian discount transatlantic carrier stung by sky-high fuel costs, canceled all flights and began bankruptcy proceedings on Thursday, stranding passengers at several airports. (Thu, 28 Aug 2008 19:57:27 GMT)

Zoom Airlines to file for bankruptcy
TORONTO, Aug. 28 (UPI) -- Zoom Airlines, a carrier offering discount flights between Canada and Britain, said Thursday it is filing for bankruptcy. (Fri, 29 Aug 2008 02:05:23 GMT)

Woodside Group agrees to enter bankruptcy
Woodside Group LLC, a Utah-based homebuilder with projects throughout the Southwest, won't contest a move by lenders led by JPMorgan Chase Bank NA and a group of noteholders to force the company into bankruptcy. (Fri, 29 Aug 2008 06:28:07 GMT)

Woodside Homes set for bankruptcy filing
Utah-based Woodside Homes said Thursday it will file for Chapter 11 bankruptcy protection before Sept. 16. (Fri, 29 Aug 2008 07:12:05 GMT)

U.S. judge to rule in dispute over bankruptcy
A federal judge will hear a portion of a bankruptcy case involving the village of Hobart and the Thornberry Creek Golf Course. (Fri, 29 Aug 2008 09:10:23 GMT)

Will bankruptcy affect entire state?
MONTGOMERY - Observers say some Alabama cities and counties may have trouble borrowing money for at least a while to pay for new streets and schools if the Jefferson County Commission files bankruptcy over its $3.2 billion sewer debt. (Fri, 29 Aug 2008 09:19:43 GMT)

Delphi reportedly faces liquidation; bankruptcy financing looms
Delphi may never emerge from bankruptcy and may instead be liquidated with some of its U.S. auto-parts plants destined to end up back in the hands of former parent GM, according to a Wall Street Journal report. (Fri, 29 Aug 2008 12:24:52 GMT)

(AFX UK Focus) 2008-08-29 14:02 Alitalia adviser says board OKs bankruptcy
RIMINI, Italy, Aug 29 (Reuters) - Alitalia's board at a Friday meeting formalised a request to seek bankruptcy protection, Corrado Passera, the CEO of the stricken carrier's sale adviser Intesa Sanpaolo said. (Fri, 29 Aug 2008 13:25:59 GMT)

(AFX UK Focus) 2008-08-29 14:39 UPDATE 2-Alitalia board OKs bankruptcy protection -adviser
RIMINI, Italy, Aug 29 (Reuters) - Alitalia's board on Friday formalised a request to seek bankruptcy protection, Corrado Passera, the CEO of the stricken carrier's sale adviser Intesa Sanpaolo said. (Fri, 29 Aug 2008 14:11:06 GMT)

Alitalia seeks bankruptcy measure
Alitalia is to seek bankruptcy protection as it tries to agree a deal to ensure its survival, its financial adviser says. (Fri, 29 Aug 2008 14:56:14 GMT)

Alitalia files for bankruptcy protection
Alitalia said Friday it has filed for bankruptcy protection, taking the first step in a plan to restructure and downsize Italy's failing national carrier. (Fri, 29 Aug 2008 18:03:05 GMT)

Alitalia files for bankruptcy protection
Alitalia said Friday it has sought bankruptcy protection, taking the first step in a plan to reshape Italy's unprofitable and debt-laden national carrier. (Fri, 29 Aug 2008 19:51:08 GMT)

Alabama governor in talks to avoid local bankruptcy
Alabama's governor and Wall Street lenders bargained on Friday ahead of the expiration of a stand-still pact in a bid to avert a bankruptcy filing on $3.2 billion of debt by the state's most populous county. (Fri, 29 Aug 2008 19:56:09 GMT)

Ala. county offer plan to avoid massive bankruptcy
BIRMINGHAM, Ala. -- Alabama's largest county offered a plan Friday to restructure its $3.2 billion sewer debt and, at least for now, put off filing the largest municipal bankruptcy in U.S. history. (Fri, 29 Aug 2008 20:09:24 GMT)

Ala. county offer plan to avoid massive bankruptcy
Alabama's largest county offered a plan Friday to restructure its $3.2 billion sewer debt and, at least for now, put off filing the largest municipal bankruptcy in U.S. history. (Fri, 29 Aug 2008 21:27:54 GMT)

Bankruptcy Filing Nudges Alitalia Toward a Rescue
The struggling state-owned Italian airline Alitalia, which is trying to clear the way for a sale to private investors, said Friday that it had filed for bankruptcy protection. (Sat, 30 Aug 2008 00:51:13 GMT)

Reprieve for a County Near Bankruptcy
Jefferson County in Alabama and its lenders pulled back from the brink of a threatened bankruptcy filing after the county proposed restructuring $3.2 billion of sewer debt. (Sat, 30 Aug 2008 00:51:32 GMT)

Alitalia files for bankruptcy protection
ROME, Italy (AP) -- Italy's national airline Alitalia says it has filed for bankruptcy protection, taking the first step in reshaping what has been a failing company. (Sat, 30 Aug 2008 03:19:50 GMT)

Alabama county tries to avoid huge bankruptcy
BIRMINGHAM, Ala. - Alabama's largest county offered a plan yesterday to restructure its $3.2 billion sewer debt and, at least for now, put off filing the largest bankruptcy in U.S. history. (Sat, 30 Aug 2008 07:48:34 GMT)

Alitalia filed for bankruptcy protection
Itlian carrier says it has been losing $3 million a day Alitalia said Friday it has filed for bankruptcy protection, taking the first step in a plan to restructure and downsize Italy's failing national carrier. (Sat, 30 Aug 2008 09:10:51 GMT)

Delphi revising plan to emerge from bankruptcy protection
NEW YORK -- Auto parts supplier Delphi, which has been operating under bankruptcy protection for nearly three years, is working on a revision to its reorganization plan and is not talking about liquidating the company, a spokesman said Friday. (Sat, 30 Aug 2008 10:57:07 GMT)

HMC Files For Bankruptcy
Hawaii Medical Center is filing for Chapter 11 bankruptcy protection because one of its lenders refused to extend existing loan agreements. (Sun, 31 Aug 2008 01:16:41 GMT)

Study: More seniors turn to filing for bankruptcy
While the bankruptcy filing rate for those younger than 55 has fallen, it has soared for older Americans, according to a new analysis from the Consumer Bankruptcy Project, which examined a sampling of noncommercial bankruptcies filed between 1991 and 2007. The older the age group, the worse the bankruptcies became - people 65 and older became more than twice as likely to file during that period, ... (Sun, 31 Aug 2008 04:13:35 GMT)

Bankruptcy filings decrease
One goal of the bankruptcy reform law of 2005 has been clearly and convincingly achieved: the number of consumers filing for bankruptcy plummeted. (Sun, 31 Aug 2008 05:08:00 GMT)

Investors look to cash in on bankruptcy filings
The slowing U.S. economy is forcing more companies into bankruptcy protection, prompting some on Wall Street to wonder if rivals of the struggling firms will end up reaping the benefits. (Sun, 31 Aug 2008 08:42:27 GMT)

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