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Home > Bankruptcy News

Bankruptcy News Sep 2008

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Bankruptcy filings soar for senior citizens
ST. AUGUSTINE, Fla. — First came the health problems. Then, unable to work, Ada Noda watched the bills pile up. And then, suffocating in debt, the 80-year-old did something she never thought she'd be forced to do. (Mon, 01 Sep 2008 07:15:44 GMT)

Officials: Caffey shifted funds funds after bankruptcy filing
Former professional basketball player Jason Caffey shifted $120,000 to his mother after he filed for bankruptcy protection in Mobile a year ago. (Mon, 01 Sep 2008 09:32:14 GMT)

Mayer Brown hire boosts Orrick bankruptcy focus
Orrick Herrington & Sutcliffe is making headway in strengthening its transatlantic bankruptcy team with the hire of former Mayer Brown restructuring head Raniero D’Aversa in New York. ... (Mon, 01 Sep 2008 14:55:08 GMT)

Bankruptcy judge joins appellate panel
U.S. Bankruptcy Judge Eileen W. Hollowell of Tucson has been appointed to the 9th Circuit Bankruptcy Appellate Panel. (Tue, 02 Sep 2008 07:10:22 GMT)

More elderly Americans being forced into bankruptcy
First came the health problems. Then, unable to work, Ada Noda watched the bills pile up. And then, suffocating in debt, the 80-year-old did something she never thought she'd be forced to do. (Tue, 02 Sep 2008 07:10:58 GMT)

Iowa’s bankruptcy filings rise 12%
Mortgage troubles have led to a 12 percent increase in Iowa bankruptcy filings, even though the state has escaped the magnitude of foreclosure problems across the country. (Tue, 02 Sep 2008 09:16:39 GMT)

Alitalia Unions to Bargain with Berlusconi on Bailout
Alitalia ’s unions will hold talks with the government on Monday on a rescue plan for the airline and on job losses — which a minister said could be under 5,000 — after it sought bankruptcy protection on Friday. (Tue, 02 Sep 2008 11:25:50 GMT)

Retail Bankruptcies to Grow, Restructuring Pro Says
This year has proven tough for a slew of retailers, as the credit crunch and the slowdown in consumer spending forced an increasing number of chains into bankruptcy. (Tue, 02 Sep 2008 12:10:55 GMT)

Bankruptcy filings up in Iowa
DES MOINES, Iowa (AP) - Tough economic times, including mortgage troubles, are sending bankruptcy filings up in Iowa. Officials say bankruptcy filings increased 12% during the first eight months of 2008 compared to the same period in 2007. (Tue, 02 Sep 2008 13:31:30 GMT)

Bankruptcy filings up in Iowa
Associated Press - September 2, 2008 9:14 AM ET DES MOINES, Iowa (AP) - Tough economic times, including mortgage troubles, are sending bankruptcy filings up in Iowa. (Tue, 02 Sep 2008 13:32:20 GMT)

Iowa Bankruptcy Filings Surge In 2008
DES MOINES, Iowa -- Tough economic times, including mortgage troubles, are sending bankruptcy filings up in Iowa. Officials said bankruptcy filings increased 12 percent during the first eight months of 2008 compared to the same period in 2007. (Tue, 02 Sep 2008 13:56:16 GMT)

Bankruptcy Filings Up in Iowa
DES MOINES (AP) - Tough economic times, including mortgage troubles, are sending bankruptcy filings up in Iowa. Officials say bankruptcy filings increased 12 percent during the first eight months of 2008 compared to the same period in 2007. (Tue, 02 Sep 2008 15:32:20 GMT)

Experts seeing increase in bankruptcy among elderly
Bankruptcy is becoming more common among the elderly, according to a report written by the Consumer Bankruptcy Project. (Tue, 02 Sep 2008 19:56:29 GMT)

Mercury Cos. files for bankruptcy
Mercury Cos., the Denver- based closely held operator of mortgage companies that once had almost 250 offices in six states, sought bankruptcy court protection from creditors, blaming the collapse of the U.S. housing market. (Tue, 02 Sep 2008 20:30:28 GMT)

Steve and Barry's saved from bankruptcy
Low cost retailer Steve and Barry's has been saved from bankruptcy. The investment firm BH S&B Holdings announced it's purchased the company... (Tue, 02 Sep 2008 21:47:37 GMT)

Interstate Bakeries tells SEC deal near on end of bankruptcy
Interstate Bakeries Corp. may reach an agreement in the next few days to emerge from nearly four years of Chapter 11 bankruptcy as a stand-alone company. (Tue, 02 Sep 2008 22:31:38 GMT)

Mercury Cos. Inc. files for bankruptcy protection
DENVER (AP) - Denver-based Mercury Companies Inc., which owns title companies, has filed for Chapter 11 bankruptcy protection. In a filing last week in U.S. bankruptcy court in Denver, Mercury Companies lists assets and liabilities estimated at between 50 million and $100 million. (Wed, 03 Sep 2008 01:48:10 GMT)

Company Fills Equipment Order For Valley School Despite Bankruptcy
The International Charter School of Southern Nevada thought it was buying basketball hoops and other supplies from M & G Sporting Goods. The company filed for bankruptcy. It looked as if the school would never get that equipment or its money back. (Wed, 03 Sep 2008 01:59:06 GMT)

Steve & Barry's clothing store at Karcher Mall survives bankruptcy
Low-priced clothing retailer Steve & Barry's said Tuesday that it will keep its Karcher Mall store open despite the chain's bankruptcy. (Wed, 03 Sep 2008 06:52:36 GMT)

Area bankruptcy filings stay above last year’s
Bankruptcies in northwest Ohio remained higher last month than at the same period a year ago but fell about 14 percent from the level reached in July. August filings totaled 568, up 10 percent from the same month a year ago but down from the 660 cases in July, according to the U.S. Bankruptcy Court in Toledo. The court handles filings for 21 northwest Ohio counties. For the year, filings total ... (Wed, 03 Sep 2008 09:32:07 GMT)

Mercury Cos. files for Chapter 11 bankruptcy protection
Denver-based Mercury Cos. Inc., which owns title companies, has filed for Chapter 11 bankruptcy protection. (Wed, 03 Sep 2008 14:57:58 GMT)

Cupertino Square owners file for bankruptcy
The owners of Cupertino Square, who operate the mall formerly known as Vallco Fashion Park, filed for bankruptcy this week in San Jose. The dramatic financial manuever won't affect shoppers at the shopping center, which will remain open for business. (Thu, 04 Sep 2008 00:18:15 GMT)

Shells seeks bankruptcy protection
Another restaurant chain filed for bankruptcy and this time it's a local company -- Shells Restaurants, based in Tampa. The company filed for chapter 11 bankruptcy protection Wednesday and closed eight of its restaurants, located in St. Petersburg, Winter Haven, Holmes Beach, Ft. Myers, Ocala, Winter Park, Orlando, and Kissimmee. (Thu, 04 Sep 2008 03:03:54 GMT)

More Japanese firms declare bankruptcy
Business failures in Japan have been increasing. According to the private research institute Teikoku Databank, there were 6,022 bankruptcy cases in the first half of the year, up 11.6 per cent over the same period last year. (Thu, 04 Sep 2008 04:00:53 GMT)

Midwest Airlines may avoid bankruptcy
Midwest Airlines Inc. may have found a way to dodge a Chapter 11 bankruptcy filing — but its new source of cash will result in the loss of another 270 jobs at the financially troubled airline. (Thu, 04 Sep 2008 05:49:54 GMT)

Shells restaurants file for bankruptcy
It looks like the slow economy is taking a bite out of another restaurant chain. Shells Seafood Restaurants, Inc., with a location at 1490 W. New Haven Ave. in Melbourne, filed for Chapter 11 bankruptcy protection Tuesday in U.S. Bankruptcy Court for the Middle District of Florida in Tampa. (Thu, 04 Sep 2008 06:28:39 GMT)

Shells Seafood Restaurants files for bankruptcy
Shells Seafood Restaurants Inc., which has a location in Stuart, has parked its two-year struggle for a return to profitability in bankruptcy court. (Thu, 04 Sep 2008 11:27:00 GMT)

Local Shell's open despite bankruptcy
TAMPA -- Shell's Seafood Restaurants Inc. filed for bankruptcy protection Wednesday and immediately closed eight of its 18 restaurants around the state, but not Shell's in either Daytona Beach or New Smyrna Beach. (Thu, 04 Sep 2008 12:40:41 GMT)

Cupertino Square owners file for bankruptcy
Owners of the Cupertino Square shopping center have filed for bankruptcy with the hope that it will postpone a scheduled foreclosure sale slated for next week. (Thu, 04 Sep 2008 13:17:13 GMT)

Mervyn's suit blames ex-owners for bankruptcy
Department-store chain Mervyn's Holdings LLC has sued its former private-equity owners, saying the firms stripped out real estate then leased it back to Mervyn's at higher rates, pushing it into bankruptcy, according to court documents. (Thu, 04 Sep 2008 14:28:52 GMT)

Bankruptcy shuts down Double JJ
ROTHBURY -- The Double JJ resort ceased operations Wednesday in the face of an expected early October sale forced by a bankruptcy court. (Thu, 04 Sep 2008 14:52:25 GMT)

Boscov’s receives OK for bankruptcy financing
Boscov's said today that it won final approval from the bankruptcy court in Delaware to receive $250 million to help the company operate during its bankruptcy reorganization. (Thu, 04 Sep 2008 18:24:11 GMT)

Midwest to avoid bankruptcy, but will shrink staff and fleet
Midwest Airlines says it has found additional financing that will help it avoid a Chapter 11 bankruptcy filing, but the Milwaukee Journal Sentinel notes Midwest's "new source of cash will result in the loss of another 270 jobs at the... (Thu, 04 Sep 2008 19:07:54 GMT)

Mervyns accuses ex-owners of causing its bankruptcy
The department-store chain says it was stripped of valuable real estate, which was later leased back at higher rents. That 'led to Mervyns' bankruptcy,' the firm claims in a lawsuit. Mervyns, the mid-priced department store chain in bankruptcy proceedings, has filed a lawsuit against its former owners, including Target Corp., saying that the Wall Street investment firms that bought it in 2004 ... (Thu, 04 Sep 2008 20:44:17 GMT)

US Court: Bankruptcy Provision Violates Lawyers' Free Speech
WASHINGTON -(Dow Jones)- A federal appeals court in St. Louis ruled Thursday that a provision of a sweeping 2005 federal bankruptcy-reform law violates the free-speech rights of lawyers. (Thu, 04 Sep 2008 22:02:22 GMT)

UPDATE: Court: Bankruptcy Provision Violates Free Speech
(Updates with legal analysis in last two paragraphs.) WASHINGTON -(Dow Jones)- A federal appeals court in St. Louis ruled Thursday that a provision of a sweeping 2005 federal bankruptcy-reform law violates the free-speech rights of lawyers. (Thu, 04 Sep 2008 22:32:01 GMT)

8 Shells Restaurants Closed After Bankruptcy Filing
TAMPA - Shells Seafood Restaurants has closed eight of its remaining 22 outlets in Florida and filed for Chapter 11 bankruptcy. (Thu, 04 Sep 2008 23:55:53 GMT)

Stuart's Shells restaurant to stay open as company files for bankruptcy
Tampa-based Shells Seafood Restaurants has filed for bankruptcy, following a trend among casual dining restaurants. (Fri, 05 Sep 2008 04:34:18 GMT)

Webster's, in business since 1948, files for bankruptcy
Webster Furniture in Rehoboth Beach, a popular local business since 1948, has closed its doors and filed for Chapter 7 bankruptcy protection. (Fri, 05 Sep 2008 13:13:00 GMT)

D'Iberville Mayor Will Close His Family Store; May File For Bankruptcy
D'IBERVILLE, MS (WLOX) - D'Iberville's mayor may be forced to file for bankruptcy protection. Rusty Quave is shutting down his family's grocery store. Consequently, he may default on an SBA loan he got after Katrina to rebuild the grocery. (Fri, 05 Sep 2008 14:59:33 GMT)

Judge OKs bankruptcy filing for Vallejo, Calif.
A federal judge ruled Friday that the city of Vallejo could push forward with its bankruptcy case, rejecting a legal challenge by police and firefighters unions. U.S. Bankruptcy Judge Michael McManus in Sacramento said Vallejo met the legal requirements of... (Sat, 06 Sep 2008 00:40:04 GMT)

Winstead Ordered to Disgorge up to $500,000 in Bankruptcy Case
A 5th Circuit opinion that one former bankruptcy judge calls "scary" for lawyers requires Dallas-based Winstead to disgorge up to $500,000 in attorney fees the firm received for its work on the restructuring of a restaurant chain that filed for bankruptcy. Former Judge R. Glen Ayers says the opinion is worrisome for debtors' counsel and other lawyers whose fees are subject to court approval in a ... (Sat, 06 Sep 2008 02:08:11 GMT)

Judge OKs bankruptcy filing for Vallejo, Calif.
A federal judge ruled Friday that the city of Vallejo could push forward with its bankruptcy case, rejecting a legal challenge by police and firefighters unions. U.S. Bankruptcy Judge Michael McManus in Sacramento said Vallejo met the legal requirements of Chapter 9 bankruptcy protection. He rejected the unions' arguments that the city's finances weren't as bad as officials claimed. The San ... (Sat, 06 Sep 2008 02:45:36 GMT)

Judge OKs bankruptcy filing for Vallejo, Calif.
A federal judge ruled Friday that the city of Vallejo could push forward with its bankruptcy case, rejecting a legal challenge by police and firefighters unions. (Sat, 06 Sep 2008 03:02:59 GMT)

Mervyns Accuses Ex-Owners of Causing Its Bankruptcy
Mervyns, the mid-priced department store chain in bankruptcy proceedings, has filed a lawsuit against its former owners, including Target Corp., saying that the Wall Street investment firms that bought it in 2004 stripped Mervyns of its valuable real estate assets and set the company up to fail. (Sat, 06 Sep 2008 04:39:02 GMT)

Bankruptcy judge OKs bonuses at Boscov
Boscov's Inc., a Reading, Pa.-based department store chain, received court approval for a plan to pay $1.45 million in incentive bonuses to six executives, over the objections of the U.S. Trustee in the bankruptcy case. U.S. Bankruptcy Judge Kevin Gross in Wilmington, Del., granted the company permission yesterday to pay the bonuses if certain targets are met, according to the court docket. ... (Sat, 06 Sep 2008 07:32:02 GMT)

VALLEJO / City bankruptcy protection granted
Carolyn Jones A federal judge granted the city of Vallejo bankruptcy protection on Friday, ruling against the city's employee unions. Judge Michael McManus, chief judge with the U.S. Bankruptcy Court in Sacramento, said in a 52-page ruling that the city met... (Sat, 06 Sep 2008 07:42:45 GMT)

Bankruptcy filings climb for Augusta, neighbors
Rising debt and a slow economy have forced a growing number of consumers to file for bankruptcy in Augusta and elsewhere. (Sat, 06 Sep 2008 08:05:44 GMT)

VALLEJO Judge OKs city's bankruptcy filing
A federal judge ruled Friday the city of Vallejo's bankruptcy case can move forward, rejecting a legal challenge by its police and firefighter unions. (Sat, 06 Sep 2008 11:38:56 GMT)

Judge backs bankruptcy for Vallejo
A federal judge ruled Friday that Vallejo is eligible for municipal bankruptcy protection, setting the stage for a major battle over possible dissolution of city employee union contracts. The decision came less than a week after the close of a monthlong court clash between the city and union attorneys. (Sat, 06 Sep 2008 14:25:48 GMT)

Judge has long history in bankruptcy law
Vallejo's municipal bankruptcy filing is only the second that federal bankruptcy Judge Michael S. McManus has considered in nearly 15 years. McManus, reappointed to the 14-year bankruptcy judgeship in January, was designated as California's U. (Sat, 06 Sep 2008 20:16:08 GMT)

BANKRUPTCY: It should be a last resort
The challenging economy has forced many families to consider filing bankruptcy as a way to put their financial woes behind them. Although it is not a remedy anyone should consider except as a last resort, bankruptcy does provide an opportunity to start over financially. (Sun, 07 Sep 2008 04:07:11 GMT)

Bankruptcy filings soar for seniors
No one, Placerville lawyer John Roberts insists, wants to raise the white flag of personal bankruptcy. (Sun, 07 Sep 2008 07:03:44 GMT)

Beaver Falls architect files for bankruptcy
BEAVER FALLS — A longtime Beaver Falls architectural firm known for its design of numerous public buildings in the area, including the Beaver County Courthouse, has filed for bankruptcy and closed. (Sun, 07 Sep 2008 13:01:53 GMT)

Delphi revising bankruptcy strategy
Delphi Corp. continues with its plan to emerge from Chapter 11 bankruptcy protection and is preparing a revised plan of reorganization. (Mon, 08 Sep 2008 04:06:45 GMT)

CollegeNet competitor files for bankruptcy
Baltimore’s ApplicationsOnline LLC has filed to reorganize in Chapter 11 bankruptcy partially due to an ongoing lawsuit with a competitor based in Portland. (Mon, 08 Sep 2008 04:07:07 GMT)

Operator of Houston hospital files for Chapter 11 bankruptcy
Renaissance Healthcare Systems, a Houston-based owner of five general hospitals in Texas including one in Houston, has filed for Chapter 11 bankruptcy reorganization. (Mon, 08 Sep 2008 04:07:17 GMT)

Owner of Fox Sports Grill files for bankruptcy
The majority owner of the Fox Sports Grill at Atlantic Station has filed for bankruptcy protection. (Mon, 08 Sep 2008 04:07:56 GMT)

Winstead Ordered to Disgorge up to $500,000 in Bankruptcy Case
A 5th Circuit opinion that one former bankruptcy judge calls "scary" for lawyers requires Dallas-based Winstead to disgorge up to $500,000 in attorney fees the firm received for its work on the restructuring of a restaurant chain that filed for bankruptcy. (Mon, 08 Sep 2008 07:01:59 GMT)

Spanish carrier Futura to resume flights after declaring bankruptcy
Madrid - The Spanish charter carrier Futura International Airways was to resume flights Monday after suspending them for 24 hours on seeking bankruptcy protection, trade union sources said. Representatives of management and employees were meeting in ... (Mon, 08 Sep 2008 11:09:24 GMT)

Beaver Falls architect files for bankruptcy
BEAVER FALLS — A longtime Beaver Falls architectural firm known for its design of numerous public buildings in the area, including the Beaver County Courthouse, has filed for bankruptcy and closed. (Mon, 08 Sep 2008 11:45:27 GMT)

Feldman Mall reports bleak prospects, bankruptcy possible
Presenting a particularly bleak outlook for its future, financially troubled Feldman Mall Properties Inc. of Great Neck said in a federal filing that it may be forced to close its doors by the end of this year. (Mon, 08 Sep 2008 14:27:56 GMT)

Luminent Files Chapter 11 Bankruptcy Petition
Luminent Mortgage Capital, Inc. announced today that it and its wholly-owned subsidiaries on September 5, 2008, filed for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Maryland, Baltimore Division. (Mon, 08 Sep 2008 14:48:00 GMT)

United Shares Fall on False Report of Bankruptcy
Shares of United Airlines lost nearly all their value Monday morning when a false rumor swept financial markets that the struggling carrier had filed for bankruptcy protection. (Mon, 08 Sep 2008 16:20:24 GMT)

UAL says press report on bankruptcy is untrue
UAL Corp , parent of United Airlines, said on Monday that a Chicago Tribune story, apparently published in error, claiming UAL had gone into bankruptcy was untrue. (Mon, 08 Sep 2008 16:44:44 GMT)

United shares hit by new posting of old bankruptcy news
Shares of United Airlines parent UAL Corp. resumed trading Monday afternoon, regaining most of the ground they lost after a newspaper report, apparently published in error, claimed UAL had gone into bankruptcy. (Mon, 08 Sep 2008 20:12:41 GMT)

Financial news in brief: United stock falls on old bankruptcy news
An old story about United Airlines' 2002 bankruptcy filing resurfaced on a newspaper Web site on Monday, pummeling its shares before trading was halted. (Tue, 09 Sep 2008 07:28:18 GMT)

United stock tanks on 2002 bankruptcy story
Minneapolis- The 2002 bankruptcy of United Airlines' parent company was big news at the time and big news again Monday when an investment newsletter mistakenly passed along an old news story about the Chapter 11 filing, thinking it was new. (Tue, 09 Sep 2008 08:41:12 GMT)

Bankruptcy Rumor Sparks United Airlines Sell-Off
A 2002 news story about United Airlines filing for bankruptcy was re-posted Monday on the Internet. Investors apparently thought it was current news and started a huge sell-off of the stock before trading was halted. (Tue, 09 Sep 2008 10:00:00 GMT)

CORRECT: UAL Says Bankruptcy Rumor Is Completely Untrue
CORRECT: UAL Says Bankruptcy Rumor Is Completely Untrue (Tue, 09 Sep 2008 10:10:09 GMT)

United Airlines nosedives when old bankruptcy story resurfaces
United Airlines shares nosedive after an old news story about its 2002 bankruptcy battle resurfaces. (Tue, 09 Sep 2008 10:44:36 GMT)

United Denies Bankruptcy Filing
Says Erroneous Online Report To Blame ANN REALTIME REPORTING 09.08.08 1530 EDT: The reposting of a six-year-old news report was to blame Monday for panic among investors in UAL Corp., parent company of United Airlines... who dumped their shares in the troubled carrier, believing UAL had filed for Chapter 11 bankruptcy for the second time in six years. (Tue, 09 Sep 2008 11:55:14 GMT)

How UAL's '02 Bankruptcy Became News in 2008
It turns out newspapers weren't to blame for that erroneously republished six-year-old story that caused UAL stock to nosedive yesterday morning. Initial reports had pointed fingers at the South Florida Sun-Sentinel, whose online archive was the repository of a 2002 article from the Chicago Tribune about the airline giant's bankruptcy filing. (Tue, 09 Sep 2008 14:17:29 GMT)

Options Update: UAL Corp. Put Volume Soars on Bankruptcy Report
Unfortunate for UAL Corp, which saw stocks plunged to nearly a penny per share and trading halted early Monday, following false rumors that the United Airlines parent was on the verge of filing bankruptcy. (Tue, 09 Sep 2008 16:04:00 GMT)

Judge says part of bankruptcy law unconstitutional
A federal judge in Connecticut has upheld a challenge to the nation's bankruptcy law, saying a provision that restricts the advice lawyers can give is unconstitutional. (Tue, 09 Sep 2008 21:43:11 GMT)

Judge says part of bankruptcy law unconstitutional
A federal judge on Tuesday partially blocked one element of the nation's recently overhauled bankruptcy law, saying that a provision restricting the advice lawyers can give is unconstitutional. Organizations representing thousands of attorneys filed the lawsuit in 2006, objecting to a requirement that they give specific advice to bankruptcy clients, including not to go deeper into debt. U.S. ... (Wed, 10 Sep 2008 00:00:47 GMT)

August bankruptcy filings in Valley climb to monthly high
Bankruptcy filings in August climbed to their highest monthly total of the year, beating the national rates. (Wed, 10 Sep 2008 00:20:55 GMT)

U.S. Fights Pfizer Unit's Bankruptcy Plan
Pfizer Inc.'s bankrupt Quigley unit can't reorganize as planned because the drugmaker orchestrated the bankruptcy to shield itself from asbestos liability, the government said Tuesday. (Wed, 10 Sep 2008 06:08:28 GMT)

Rolling Glen developer files for bankruptcy
TOWNSEND — Rolling Glen Ranch developers Steve and Susie Cavanaugh filed recently for Chapter 11 bankruptcy reorganization. (Wed, 10 Sep 2008 08:30:31 GMT)

Jefferson County likely to avoid bankruptcy, D.C. panel says
WASHINGTON - Jefferson County's financial crisis is likely to be settled outside of bankruptcy court, according to a panel of financial experts who gathered in the nation's capital Tuesday to discuss the future of the shaky municipal bond market. (Wed, 10 Sep 2008 08:34:19 GMT)

Beaver Falls architect files for bankruptcy
BEAVER FALLS — A longtime Beaver Falls architectural firm known for its design of numerous public buildings in the area, including the Beaver County Courthouse, has filed for bankruptcy and closed. (Wed, 10 Sep 2008 11:41:54 GMT)

Judge says part of bankruptcy law unconstitutional
A federal judge on Tuesday partially blocked one element of the nation's recently overhauled bankruptcy law, saying that a provision restricting the advice lawyers can give is unconstitutional. (Wed, 10 Sep 2008 14:18:37 GMT)

Subdivision developers file for bankruptcy
Associated Press - September 10, 2008 10:14 AM ET TOWNSEND, Mont. (AP) - The developers of a planned 2,600-lot subdivision in southern Broadwater County have filed for Chapter 11 bankruptcy... (Wed, 10 Sep 2008 14:18:37 GMT)

Tribune blames Google for UAL bankruptcy story
Tribune Co on Wednesday blamed technology owned by search engine company Google Inc for treating an outdated story about UAL Corp's bankruptcy as current, breaking news. (Wed, 10 Sep 2008 23:09:43 GMT)

Google Blamed For UAL Bankruptcy Story
A 2002 Chicago Tribune story about the airline declaring bankruptcy caused the company's stock to lose nearly all of its value. (Wed, 10 Sep 2008 23:51:18 GMT)

Valley bankruptcy filings continue steady climb
Chapter 7 bankruptcy filings across the Valley jumped nearly 100 percent last month compared to the same month last year as a growing number of residents sought relief from unmanageable debt. (Thu, 11 Sep 2008 02:07:11 GMT)

A few basic lessons on bankruptcy
While everyone is familiar with the word bankruptcy, very few people have a good understanding of what it is and what it is not (Thu, 11 Sep 2008 04:19:42 GMT)

Tribune blames Google for UAL bankruptcy story
NEW YORK, USA: Tribune Co on Wednesday blamed technology owned by search engine company Google Inc for treating an outdated story about UAL Corp's bankruptcy as current, breaking news. (Thu, 11 Sep 2008 05:45:09 GMT)

Lynnkohn Bankruptcy Counsel Denied
SPRINGDALE -- On Monday, the U.S. Federal Bankruptcy Court in Fayetteville denied a motion made by Lynnkohn LLC -- a corporation wholly owned by Brandon Barber -- to employ Vaughn Knight as legal counsel in the ongoing bankruptcy case. (Thu, 11 Sep 2008 07:32:05 GMT)

Bishop declares bankruptcy
Bishop Ernst Baasland filed for bankruptcy in Stavanger on Thursday. He has guaranteed loans totalling NOK 16.5 million (USD 3 million). (Thu, 11 Sep 2008 11:21:51 GMT)

Beaver Falls architect files for bankruptcy
BEAVER FALLS — A longtime Beaver Falls architectural firm known for its design of numerous public buildings in the area, including the Beaver County Courthouse, has filed for bankruptcy and closed. (Thu, 11 Sep 2008 11:55:58 GMT)

Land developer seeks bankruptcy
TOWNSEND - The developers of a planned 2,600-lot subdivision in southern Broadwater County have filed for Chapter 11 bankruptcy reorganization. (Thu, 11 Sep 2008 14:07:14 GMT)

Bankruptcy petition filed against PreVu
Creditors with claims against PreVu Inc., the retailer formerly known as Wilsons the Leather Experts Inc., filed a petition in federal court to force the company into bankruptcy. (Fri, 12 Sep 2008 05:33:29 GMT)

Alitalia Unions Won't Accept Plan; Bankruptcy Looms (Update1)
Sept. 12 (Bloomberg) -- Alitalia SpA 's labor unions failed to agree to a government-backed rescue plan for the airline by yesterday's deadline, pushing the state-controlled carrier closer to bankruptcy. (Fri, 12 Sep 2008 06:33:52 GMT)

Pfaff sewing-machine maker files for bankruptcy
Sewing-machine maker Pfaff filed for bankruptcy Thursday after a failed effort to save a company that CEO Josef Kleebinder has said is 40 million euros ($56 million) in debt. (Fri, 12 Sep 2008 07:23:41 GMT)

Mattress Discounters files for bankruptcy
Mattress Discounters Corp. has sought bankruptcy protection from creditors for the second time in six years, pointing to declining sales. The closely held company, based in Upper Marlboro, listed both debt and assets of $10 million to $50 million in Chapter 11 documents filed Wednesday in U.S. Bankruptcy Court in Greenbelt. Mattress Discounters, a 30-year-old business, emerged from its previous ... (Fri, 12 Sep 2008 07:43:28 GMT)

Garbage hauler files bankruptcy
Portage Countys largest garbage hauler is in Chapter 11 bankruptcy and the county is finalizing a plan to contract with a new hauler to ensure garbage service is not interrupted. (Fri, 12 Sep 2008 08:53:39 GMT)

Tour operator XL goes into bankruptcy
British tour operator XL Leisure goes into bankruptcy on Friday, the latest firm to suffer from a run-up in energy prices and a struggling economy. (Fri, 12 Sep 2008 09:28:33 GMT)

Jones Day, Freshfields in XL Leisure bankruptcy
Jones Day and Freshfields Bruckhaus Deringer have bagged the top legal roles in the bankruptcy proceedings of XL Leisure Group, the UK’s third largest package holiday operator. ... (Fri, 12 Sep 2008 11:02:29 GMT)

Beaver Falls architect files for bankruptcy
BEAVER FALLS — A longtime Beaver Falls architectural firm known for its design of numerous public buildings in the area, including the Beaver County Courthouse, has filed for bankruptcy and closed. (Fri, 12 Sep 2008 11:37:59 GMT)

NYRA Expects to Emerge From Bankruptcy
The New York Racing Association is expected to emerge from Chapter 11 bankruptcy and make official its 25-year franchise extension Sept. 12. Lawyers for NYRA are going to court to ask a judge to help them get out of bankruptcy. (Fri, 12 Sep 2008 12:29:52 GMT)

Alitalia Talks Stall, Pushing Airline Closer to Bankruptcy
Sept. 12 (Bloomberg) -- Alitalia SpA moved closer to bankruptcy as Roberto Colaninno 's investor group abandoned talks to buy the state-owned carrier because of union opposition. (Fri, 12 Sep 2008 13:48:56 GMT)

NYRA emerges from bankruptcy court protection
The operator of New York state's three thoroughbred race tracks has emerged from bankruptcy court protection after two years. (Fri, 12 Sep 2008 18:50:24 GMT)

Alitalia Talks Stall, Carrier Closer to Bankruptcy (Update2)
Sept. 12 (Bloomberg) -- Alitalia SpA moved closer to bankruptcy as Roberto Colaninno 's investor group abandoned talks to buy the state-owned carrier because of union opposition. (Fri, 12 Sep 2008 20:04:04 GMT)

NYRA emerges from bankruptcy court protection
The operator of New York's three thoroughbred racetracks emerged from two years of bankruptcy court protection Friday thanks to a $105 million state bailout. (Fri, 12 Sep 2008 21:30:54 GMT)

Interstate outlines proposal for emerging from bankruptcy
After four years in bankruptcy, Hostess Twinkie and Wonder bread maker Interstate Bakeries Corp. said Friday in a court hearing it has the framework to emerge as a standalone company. (Sat, 13 Sep 2008 03:30:12 GMT)

Interstate Bakeries outlines plan to emerge from bankruptcy
After four years in bankruptcy, Interstate Bakeries Corp. says it has the financial commitments from lenders and work agreements from unions needed to emerge as a stand-alone company. (Sat, 13 Sep 2008 04:02:02 GMT)

Coastal Business | Harmony survives bankruptcy challenge
GEORGETOWN Harmony survives bankruptcy challenge A bankruptcy court judge has denied two motions that would have allowed lenders to foreclose on Harmony Township, the developers of which have been in Chapter 11 bankruptcy since January. (Sat, 13 Sep 2008 04:22:49 GMT)

Delphi to exit bankruptcy by 2009
Delphi Corp. expects to emerge from bankruptcy protection by the end of the year, propelled by an agreement with GM to take on $3.4 billion of pension debt from its former subsidiary. The deal is part of a plan that raises the automaker's stake in the recovery of its parts supplier and accelerates those payments. (Sat, 13 Sep 2008 07:37:31 GMT)

GM puts Delphi closer to end of bankruptcy
NEW YORK (AP) -- Delphi Corp. and General Motors Corp. said yesterday that they have reached a new deal on the automaker's role in helping Delphi exit bankruptcy, including the transfer of employee pensions. (Sat, 13 Sep 2008 10:10:41 GMT)

Bankruptcy chief calls urgent Alitalia union talks
The bankruptcy commissioner in charge of Alitalia has called the airline's unions to an urgent meeting at 1200 GMT on Saturday, Alitalia said in a statement. (Sat, 13 Sep 2008 10:49:15 GMT)

Beaver Falls architect files for bankruptcy
BEAVER FALLS — A longtime Beaver Falls architectural firm known for its design of numerous public buildings in the area, including the Beaver County Courthouse, has filed for bankruptcy and closed. (Sat, 13 Sep 2008 12:06:12 GMT)

Bankruptcy protections sought for retailers' gift cards
Consumers Union, the nonprofit publisher of Consumer Reports , filed a petition Thursday with the Federal Trade Commission asking the agency to protect shoppers from losing money on gift cards when retailers file for bankruptcy. (Sun, 14 Sep 2008 07:48:34 GMT)

Housing developers file for bankruptcy
SNOW HILL -- Developers for Captain's Cove, a residential development just south of the Worcester County border, have filed for bankruptcy protection after defaulting on about $18 million in loans. (Sun, 14 Sep 2008 08:38:33 GMT)

Bakery giant to exit bankruptcy
KANSAS CITY, Mo. -- After four years in bankruptcy, Interstate Bakeries Corp. says it has the financial commitments from lenders and work agreements from unions needed to emerge as a standalone company. (Sun, 14 Sep 2008 10:10:08 GMT)

Beaver Falls architect files for bankruptcy
BEAVER FALLS — A longtime Beaver Falls architectural firm known for its design of numerous public buildings in the area, including the Beaver County Courthouse, has filed for bankruptcy and closed. (Sun, 14 Sep 2008 11:49:19 GMT)

Lehman to file for bankruptcy, plans to sell units
Lehman Brothers Holdings Inc said it plans to file for bankruptcy protection, but the Chapter 11 filing will not include its broker-dealer operations and other units, including Neuberger Berman. (Mon, 15 Sep 2008 05:01:14 GMT)

Lehman Brothers announces bankruptcy as Fed moves to shore up markets
US investment giant Lehman Brothers announced its bankruptcy early Monday as the Federal Reserve and major global banks moved to shore up financial market shaken by the housing and mortgage crisis. (Mon, 15 Sep 2008 06:30:48 GMT)

U.S. bank giant Lehman to file for bankruptcy
After enduring one of the most dramatic days in its history, Wall Street received a climactic jolt Monday when Lehman Brothers, a 158-year-old investment bank undermined by bad bets on real estate, said it will file for bankruptcy. (Mon, 15 Sep 2008 07:03:28 GMT)

Lehman to file for bankruptcy, plans to sell units
Lehman Brothers Holdings Inc filed for bankruptcy protection, after trying to finance too many risky assets with too little capital, making it the largest and highest-profile casualty of the global credit crisis. (Mon, 15 Sep 2008 07:12:50 GMT)

Stock futures sink on Lehman bankruptcy filing
Stock index futures were down sharply early on Monday, pointing to a steep fall at the opening on Wall Street after Lehman Brothers filed for Chapter 11 bankruptcy protection, heightening fears over the embattled financial sector. (Mon, 15 Sep 2008 08:45:39 GMT)

Lehman Brothers bankruptcy, US crisis hits European stocks
Lehman Brothers declared bankruptcy Monday and Merrill Lynch announced a rescue sale in a series of dramas in the US financial system which hit European stocks as soon as trading began. (Mon, 15 Sep 2008 08:46:45 GMT)

Lehman bankruptcy, capital woes slam futures
NEW YORK (Reuters) - Stock index futures tumbled on Monday as the bankruptcy filing by U.S. investment bank Lehman Brothers and cascading fears about the stability of other major financial institutions rattled global markets. (Mon, 15 Sep 2008 12:33:34 GMT)

Lehman in Bankruptcy; Merrill to Be Sold; A.I.G. Struggles
In one of the most dramatic days in Wall Street’s history, Merrill Lynch agreed to sell itself on Sunday to Bank of America for roughly $50 billion to avert a deepening financial crisis, while another prominent securities firm, Lehman Brothers , said it would seek bankruptcy protection and hurtled toward liquidation after it failed to find a buyer. (Mon, 15 Sep 2008 13:24:22 GMT)

Lehman’s Big Bankruptcy Filing
Enron , the former energy behemoth, reported $63 billion in assets when it famously spiraled into bankruptcy protection in late 2001. WorldCom , the telecommunications giant, had $107 billion in assets when it slumped into Chapter 11 protection the following year. (Mon, 15 Sep 2008 14:26:02 GMT)

Lehman bankruptcy shakes world financial system
Lehman Brothers declared bankruptcy Monday and Wall Street rival Merrill Lynch was taken over in a new financial earthquake driving a global stocks plunge and central bank intervention. (Mon, 15 Sep 2008 14:35:49 GMT)

Lehman files for bankruptcy, battles to avert liquidation
Troubled Wall Street giant Lehman Brothers sought bankruptcy protection Monday after a frantic weekend of talks failed to find a buyer for the firm ravaged by credit and real estate woes in a shaken financial system. (Mon, 15 Sep 2008 20:49:49 GMT)

Wall Street mauled by Lehman bankruptcy, AIG fears
Wall Street had its worst day since markets reopened after the September 11 attacks as fears about the U.S. financial system's stability surged on Monday after Lehman Brothers filed for bankruptcy and insurer AIG struggled for survival. (Mon, 15 Sep 2008 22:00:06 GMT)

Treasurys jump following Lehman bankruptcy
Treasurys surged Monday as investors rushed to the safety of government debt following the bankruptcy of Lehman Brothers Holdings Inc. and worries about the well-being of insurer American International Group Inc. (Mon, 15 Sep 2008 22:16:22 GMT)

Japan Stocks Tumble, Head for 3-Year Low, on Lehman Bankruptcy
Sept. 16 (Bloomberg) -- Japanese stocks plunged toward a three-year low after Lehman Brothers Holdings Inc. 's bankruptcy filing and tumbling oil prices sparked concern credit turmoil will slow the global economy. (Tue, 16 Sep 2008 02:56:54 GMT)

Japan Isn't Considering Plan After Lehman Bankruptcy (Update1)
Sept. 16 (Bloomberg) -- Japan's government isn't considering ``additional'' measures to boost economic growth and stabilize markets after yesterday's bankruptcy filing by Lehman Brothers Holdings Inc. (Tue, 16 Sep 2008 03:26:45 GMT)

Lehman Lets Weil Gotshal Reclaim Bankruptcy Lead From Kirkland
Sept. 16 (Bloomberg) -- While the hierarchy of Wall Street is in tatters, the bankruptcy filing yesterday by Lehman Brothers Holdings Inc. has re-established the historical pecking order within the world of New York corporate lawyers. (Tue, 16 Sep 2008 04:26:17 GMT)

Lehman taps bankruptcy-expert Harvey Miller: report
Lehman Brothers Holdings Inc has tapped bankruptcy expert Harvey Miller of Weil, Gotshal & Manges LLP to help carry out its possible liquidation, the Wall Street Journal said. (Tue, 16 Sep 2008 05:58:20 GMT)

Lehman Bankruptcy Sees New Judge on Block Face Veteran Lawyers
Sept. 16 (Bloomberg) -- The luck of the draw gave the biggest bankruptcy in history to the second-most junior bankruptcy judge in Manhattan. Lehman Brothers Holdings Inc.'s case was randomly assigned to U.S. Bankruptcy Judge James Peck , second in tenure, putting the fate of $613 billion in claims before a judge whose largest case since going on the bench in January 2006 was the $3 billion ... (Tue, 16 Sep 2008 10:10:44 GMT)

A&P: liquidity unaffected by Lehman bankruptcy
The Great Atlantic & Pacific Tea Company, Inc. said Monday that its balance sheet and liquidity were unaffected by the bankruptcy filing of Lehman Brothers Holdings Inc. (Tue, 16 Sep 2008 11:24:07 GMT)

Wells Fargo to take charge on Lehman bankruptcy
Banker Wells Fargo & Co. will record a charge to earnings in the third quarter due to the bankruptcy filing of Lehman Brothers Holdings Inc. (Tue, 16 Sep 2008 12:00:54 GMT)

Lehman Brothers schedules bankruptcy court hearing
Lehman Brothers has scheduled a hearing in its bankruptcy case that could lead to a judge's approval of an asset sale. (Tue, 16 Sep 2008 17:23:42 GMT)

AIG hires law firm to draw up bankruptcy papers: report
American International Group Inc has hired law firm Weil Gotshal to draw up bankruptcy papers, the New York Times reported on Tuesday. (Tue, 16 Sep 2008 22:08:07 GMT)

NovaStar Financial to fight bankruptcy
NovaStar Financial Inc. is fighting a second attempt this year to pull the former mortgage lender into bankruptcy. The Kansas City-based company said Monday that three creditors have filed an involuntary bankruptcy petition in Delaware against subsidiary NovaStar Mortgage Inc., seeking some of the $81 million they are owed. (Tue, 16 Sep 2008 22:09:01 GMT)

Two Lehman Brothers Japan Units File for Bankruptcy Protection
Sept. 17 (Bloomberg) -- Lehman Brothers Holdings Inc.'s two Japanese units filed for bankruptcy yesterday with about 748 billion yen ($7 billion) of liabilities, Teikoku Databank Ltd. reported on its Web site. (Wed, 17 Sep 2008 02:56:45 GMT)

WestLB Says It Is `Marginally' Affected By Lehman's Bankruptcy
Sept. 16 (Bloomberg) -- WestLB AG , the German state bank reeling from subprime-related investments, said Lehman Brothers Holdings Inc. 's filing for bankruptcy will only affect it ``marginally.'' (Wed, 17 Sep 2008 06:16:19 GMT)

Deutsche Delays Samurai Bonds After Lehman Bankruptcy (Update1)
Sept. 17 (Bloomberg) -- Deutsche Bank AG and National Grid Gas Plc postponed samurai bond sales as Lehman Brothers Holdings Inc. 's bankruptcy threatened to close one of the world's few expanding capital markets. (Wed, 17 Sep 2008 09:46:19 GMT)

Lehman Bankruptcy Hits Germany, Euro (EUR/USD) Holds Below 1.4250
Lehman bankruptcy could hurt Germany's deposit protection fund. The German subsidiary of Lehman is a member of the deposit protection fund (Einlagensicherungsfond) of the German Banking Federation (BdB) and the bankruptcy could hit the fund with up to EUR 6B, according to Handelsblatt reports. (Wed, 17 Sep 2008 12:03:15 GMT)

Bankruptcy court OKs sale of land
A federal bankruptcy court this month approved the sale of 122 acres that were once planned for vacation villas marketed primarily to British investors. (Wed, 17 Sep 2008 13:03:08 GMT)

After bankruptcy, an entrepreneur rebuilds
Last year I told Fortune Small Business about my decision to file for Chapter 13 bankruptcy in 2005 after my three Dallas-based restaurants went under. I opened up to readers because I wanted to show them that there is no shame in bankruptcy; it's not an escape hatch for people who lack business ethics, but an opportunity for recovery when bad things happen. (Wed, 17 Sep 2008 13:15:00 GMT)

After bankruptcy, an entrepreneur rebuilds
Last year I told Fortune Small Business about my decision to file for Chapter 13 bankruptcy in 2005 after my three Dallas-based restaurants went under. I opened up to readers because I wanted to show them that there is no shame in bankruptcy; it's not an escape hatch for people who lack business ethics, but an opportunity for recovery when bad things happen. (Wed, 17 Sep 2008 13:19:33 GMT)

Lehman bankruptcy and Merrill buy-out shrinks industry IT budget
From a technology perspective, the US securities industry has shrunk by around six per cent in recent days following Lehman Brothers' bankruptcy and ... (Wed, 17 Sep 2008 14:48:29 GMT)

Want to See Lehman's Actual Bankruptcy Filing?
History's largest bankruptcy filing makes a great souvenir for finance buffs. (Wed, 17 Sep 2008 22:10:19 GMT)

KCK-based Epiq Systems to handle claims work in Lehman bankruptcy
Epiq Systems Inc. has been hired to handle claims administration work in the largest bankruptcy in U.S. history, the Chapter 11 filing of Lehman Brothers Holdings Inc. (Thu, 18 Sep 2008 03:43:47 GMT)

British Virgin Islands: Application Of Chapter 15 Of The US Bankruptcy Code To Non-US Insolvency Proceedings
Two recent US cases in New York have provided some useful insights into the treatment by the US Courts in New York of applications made under Chapter 15 of the US Bankruptcy Code for non-US insolvency proceedings to be treated by the US Courts as the main proceedings for the liquidation of non-US entities. (Thu, 18 Sep 2008 10:17:33 GMT)

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