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Home > Bankruptcy News

Bankruptcy News Sep 2008

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Dave Croft Motors files for bankruptcy; owner says there will be no layoffs
Dave Croft Motors filed for Chapter 11 bankruptcy reorganization Wednesday in U.S. District Court in East St. Louis. (Thu, 18 Sep 2008 11:04:18 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, 18 Sep 2008 11:05:39 GMT)

Harry Gross: Can't afford bankruptcy
Dear Harry: I know this sounds crazy, but I can't afford to file for bankruptcy. I am very deeply in debt as a result of my wife's illness and the temporary layoff at the company I work for. (Thu, 18 Sep 2008 11:33:47 GMT)

Lehman Brothers biggest bankruptcy case in history
Lehman Brothers Holdings Inc., the fourth-largest U.S. investment bank, succumbed to the subprime mortgage crisis it helped create in the biggest bankruptcy filing in history. (Thu, 18 Sep 2008 12:26:29 GMT)

Lehman Bros. Bankruptcy May Affect Tuolumne County
Sonora, CA -- According to Tuolumne County Treasurer and Tax Collector Del Hodges Tuolumne County had $2 million invested in Lehman Bros. which declared bankruptcy over the weekend. (Thu, 18 Sep 2008 13:14:59 GMT)

Epiq gets Lehman bankruptcy business
Epiq Systems Inc. will handle bankruptcy claims in the Chapter 11 case of Lehman Brothers Holdings Inc. (Thu, 18 Sep 2008 14:09:35 GMT)

Kansas firm to handle Lehman bankruptcy filing
Epiq Systems Inc. has been hired to handle claims administration work in the Chapter 11 bankruptcy filing of Lehman Brothers Holdings Inc. (Thu, 18 Sep 2008 16:38:08 GMT)

Tully's pursued sale to avoid cutbacks, bankruptcy
In selling half of its business, Tully's Coffee Corp. is seeking to avoid having to scale back business or file for bankruptcy protection. (Fri, 19 Sep 2008 03:49:58 GMT)

Passaic firm in bankruptcy
Hercules Chemical, an employee-owned company on South Street in Passaic, filed for Chapter 11 bankruptcy protection Thursday in Newark. The business, which manufactures chemicals for the plumbing industry, will keep operating, |said Hercules President David Siegal. (Fri, 19 Sep 2008 05:35:55 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, 19 Sep 2008 11:34:19 GMT)

Versa makes bankruptcy bid for Boscov's chain
WILMINGTON, Del. The Boscov's department store chain is seeking approval of a Delaware bankruptcy court for a possible buyout. Philadelphia-based Versa Capital Management has emerged as the lead bidder for Reading, Pa.-based Boscov's, which filed for Chapter 11 protection in August and announced that it would close 10 of its 49 stores, including three in the Baltimore area. According to papers ... (Fri, 19 Sep 2008 12:02:29 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. As part of its deal with the state to keep the racing franchise for the next 25 years, the New York Racing Association is ending its ownership claim to property at Aqueduct, Belmont and Saratoga racetracks. The state will hold the deeds, ... (Fri, 19 Sep 2008 12:28:09 GMT)

Hercules Chemical files for bankruptcy protection
Hercules Chemical, weighed down by asbestos-related lawsuits, has filed for Chapter 11 bankruptcy protection, according to the Record of Hackensack. The Passaic company, which makes plumbing products, will remain open and plans to try to keep its roughly 85 workers... (Fri, 19 Sep 2008 13:00:37 GMT)

Flights cancelled as Italian carrier hurtles toward bankruptcy
Italian airline Alitalia cancelled flights Friday and regulators said they might soon ground the troubled flag-carrier as it hurtles toward bankruptcy after the failure of another rescue plan. (Fri, 19 Sep 2008 13:18:15 GMT)

Flights cancelled as Italian carrier hurtles toward bankruptcy
Airplanes stand on the tarmac at Malpensa airport in Milan, February 2008. Italian airline Alitalia cancelled flights and regulators said they might soon ground the troubled flag-carrier as it hurtles toward bankruptcy after the failure of another rescue plan. (Fri, 19 Sep 2008 13:36:39 GMT)

Versa makes bankruptcy purchase bid for Boscov's
WILMINGTON, Del. (AP) — The Boscov's department store chain is seeking approval of a Delaware bankruptcy court for a possible buyout. (Fri, 19 Sep 2008 14:03:34 GMT)

High-end Oregon builder Renaissance Homes faces bankruptcy
Oregon's stubborn housing slump has taken one of Oregon's highest profile home builders as its latest casualty. Renaissance Homes expects to file Chapter 11 bankruptcy next week. (Sat, 20 Sep 2008 04:36:56 GMT)

Bankruptcy judge approves Lehman Brothers sale of key businesses to Barclays
NEW YORK - A bankruptcy judge has approved a plan by Lehman Brothers to sell its investment banking and trading businesses to Barclays. The deal was said to be worth $1.75 billion earlier in the week but the value was in flux after lawyers announced changes to the terms on Friday. (Sat, 20 Sep 2008 04:48:20 GMT)

Court orders hearing in Terrill bankruptcy case
OKLAHOMA CITY --?State Rep. Randy Terrill and bankruptcy trustee John D. Mashburn will have their day in court.And it's set for October.Friday, federal bankruptcy court officials announced they've scheduled a court date to hear arguments on Mashburn's motion to force Terrill to turn over more than $11,000 in funds to the court. (Sat, 20 Sep 2008 05:50:38 GMT)

Cedar bankruptcy trustee seeks sanctions against Nilsen, two others
The Cedar Funding bankruptcy trustee is seeking sanctions against the investment firm's owner David Nilsen and two other people, alleging they are misleading investors to do "an end-run" around the bankruptcy proceedings. (Sat, 20 Sep 2008 09:04:03 GMT)

Developer who vowed to follow Muslim law may face bankruptcy
Investors who put money into a local real estate development company that promised to deliver returns compliant with Muslim religious rules have asked a court to force the company into bankruptcy. (Sat, 20 Sep 2008 09:06:00 GMT)

Lehman can sell units to Barclays: Bankruptcy Judge
A bankruptcy judge approved a plan under which Lehman Brothers will sell its investment banking and trading businesses to the British bank Barclays. (Sat, 20 Sep 2008 10:39:06 GMT)

Lehman Brothers biggest bankruptcy case in history
Lehman Brothers Holdings Inc., the fourth-largest U.S. investment bank, succumbed to the subprime mortgage crisis it helped create in the biggest bankruptcy filing in history. (Sat, 20 Sep 2008 10:52:50 GMT)

Berlusconi warns Alitalia now risks bankruptcy
Alitalia (AZPIa.MI) remained airborne on Saturday but Prime Minister Silvio Berlusconi ruled out any last-minute rescue by a foreign airline and said Italy's flag carrier could be headed for bankruptcy. (Sat, 20 Sep 2008 12:26:32 GMT)

Bankruptcy judge approves Lehman Brothers sale of key businesses to Barclays
NEW YORK (AP) _ A bankruptcy judge approved a plan just after midnight Saturday under which Lehman Brothers will sell its investment banking and trading businesses to Barclays. (Sat, 20 Sep 2008 12:46:44 GMT)

Berlusconi warns Alitalia now risks bankruptcy
Alitalia (AZPIa.MI) remained airborne on Saturday but Prime Minister Silvio Berlusconi ruled out any last-minute rescue by a foreign airline and said Italy's flag carrier could be headed for bankruptcy. (Sat, 20 Sep 2008 17:21:04 GMT)

Bankruptcy judge approves Lehman Brothers sale of key businesses to Barclays
NEW YORK - A bankruptcy judge decided just after midnight Saturday that Lehman Brothers can sell its investment banking and trading busines20080922134506 (Sat, 20 Sep 2008 18:03:24 GMT)

Bankruptcy judge clears way for first step in winding down Lehman Brothers
NEW YORK -- A bankruptcy judge decided just after midnight today that Lehman Brothers can sell its investment banking and trading businesses to Barclays, the first major step to wind down the nation's fourth-largest investment bank. U.S. Bankruptcy Judge James... (Sat, 20 Sep 2008 19:51:21 GMT)

NetEffect files for reorganization in bankruptcy court
Austin's NetEffect Inc., which designs chips for high-speed Ethernet computer networks, has filed for reorganization in U.S. Bankruptcy Court in Delaware. (Sun, 21 Sep 2008 02:25:10 GMT)

Dave Croft Motors files for bankruptcy
Collinsville-based Dave Croft Motors has filed for Chapter 11 bankruptcy. (Sun, 21 Sep 2008 07:07:14 GMT)

VALLEJO / Unions file appeal of bankruptcy ruling
Vallejo's police and fire unions have appealed a judge's ruling granting bankruptcy to the cash-strapped North Bay city. The unions filed their appeal in U.S. Bankruptcy Court in Sacramento late Thursday, charging that the bankruptcy proceedings are... (Sun, 21 Sep 2008 07:43:49 GMT)

Lehman Brothers biggest bankruptcy case in history
Lehman Brothers Holdings Inc., the fourth-largest U.S. investment bank, succumbed to the subprime mortgage crisis it helped create in the biggest bankruptcy filing in history. (Sun, 21 Sep 2008 11:07:32 GMT)

Former JPs file for bankruptcy
Former Justices of the peace Patrick and Margaret Meece have filed for Chapter 11 bankruptcy and probably will not be able to pay the more than $223,000 they ow ... (Sun, 21 Sep 2008 11:17:18 GMT)

Bankruptcy filings up 29% from a year ago
Consumer bankruptcy filings were up 29 percent in August compared with the same month a year ago, according to the American Bankruptcy Institute. (Mon, 22 Sep 2008 04:13:26 GMT)

Legal: Reforms shift bankruptcy filings toward Chap. 13
The 2005 reforms to the nation’s bankruptcy laws have turned into laws of unintended consequences for federal courts, bankruptcy attorneys and their clients. (Mon, 22 Sep 2008 04:13:56 GMT)

Builder’s bankruptcy was ‘greatest learning experience’
Not everyone can declare personal bankruptcy and actually appreciate the experience. Then again, not everyone is Stephen Macauley, one of metro Atlanta’s top home builders. (Mon, 22 Sep 2008 05:05:00 GMT)

Suits vs. Boscov’s stayed by bankruptcy
WILKES-BARRE – Several lawsuits filed against Boscov’s Department Store in recent years have been put on hold due to the bankruptcy status of the store chain. (Mon, 22 Sep 2008 06:03:40 GMT)

eClerx Services:One Top 5 US Client Has Filed For Bankruptcy
BANGALORE -(Dow Jones)- eClerx Services Ltd. (532927.BY) said Monday one of its top five clients, a U.S.-based company, has filed for bankruptcy. (Mon, 22 Sep 2008 06:44:13 GMT)

Bankruptcy judge orders victim to pay back thief
Mark Poveromo feels ripped off twice over. A judge ordered him to repay money he collected from a builder convicted of stealing from him - and told him to kick in the thief's attorney fees and court costs, too. Some legal experts say the case, in which a criminal case in Connecticut intersects a bankruptcy judgment filed in St. Louis, shows a need for Congress to revise the nation's bankruptcy ... (Mon, 22 Sep 2008 08:11:20 GMT)

Katten hires Mayer bankruptcy specialist
New York-based Katten Muchin Rosenman has recruited bankruptcy specialist Ken Noble from Mayer Brown. Noble joined Katten on 16 September after 15 years at Mayer Brown, where he was a partner. ... (Mon, 22 Sep 2008 09:34:08 GMT)

Two unions appeal granting bankruptcy
Vallejo's police and fire unions appealed a ruling that granted the city bankruptcy. Their appeal was filed in U.S. Bankruptcy Court in Sacramento on Thursday. The city is facing a $16 million deficit. Officials were hoping to balance the budget by scraping Vallejo's public employee union contracts. (Mon, 22 Sep 2008 13:13:33 GMT)

Lehman Brothers biggest bankruptcy case in history
Lehman Brothers Holdings Inc., the fourth-largest U.S. investment bank, succumbed to the subprime mortgage crisis it helped create in the biggest bankruptcy filing in history. (Mon, 22 Sep 2008 13:50:15 GMT)

Bankruptcy Dilemma
Filing bankruptcy seems like an easy fix to get yourself out of debt, but is it worth it? (Mon, 22 Sep 2008 17:38:55 GMT)

Twin River bankruptcy probable, debt-rating agency says
PROVIDENCE — A second major credit rating agency has downgraded the company that owns the Twin River greyhound track and slot parlor in Lincoln, citing “the high probability that the company may be forced to seek bankruptcy protection in the near term.” (Tue, 23 Sep 2008 03:29:38 GMT)

Twin River bankruptcy probable, debt-rating agency says
Moody’s Investment Services says the fact that Twin River has stopped making interest payments on its debt has increased the chances of a bankruptcy filing. (Tue, 23 Sep 2008 03:45:49 GMT)

Hilander Bowl files for bankruptcy again
Kelso's Hilander Bowl is again fighting for its life, filing for Chapter 11 bankruptcy protection to ward off a state attempt to collect $340,000 in back taxes, according to court documents. (Tue, 23 Sep 2008 06:51:12 GMT)

Atienza warns against "moral bankruptcy" if reproductive health bill is passed
MANILA, Philippines - Environment and Natural Resources Secretary Lito Atienza on Tuesday warned of "moral bankruptcy" in the country if the reproductive health bill being pushed by legislators to legalize the use of contraceptives is passed into law. (Tue, 23 Sep 2008 09:52:32 GMT)

Will bankruptcy save a home in foreclosure?
Dear Bankruptcy Adviser, My house is currently in foreclosure. The bank refused to work with me to restructure my mortgage so I could continue to make payments and keep the house. (Tue, 23 Sep 2008 10:51:08 GMT)

Fred Leighton files for bankruptcy
New York—The owner of Manhattan jeweler Fred Leighton has filed for Chapter 11 bankruptcy protection, halting a Christie's auction of millions of dollars of his antique gems. (Tue, 23 Sep 2008 14:03:04 GMT)

Real estate doldrums drive bankruptcy filings
Valley bankruptcy filings are showing no signs of slowing down as the economic slump grows deeper. Filings hit the high mark for the year last month, and attorney Diane Drain said there's not much optimism that things will improve. (Tue, 23 Sep 2008 14:08:48 GMT)

Delphi asking bankruptcy court to approve new deal with GM
NEW YORK -- Delphi Corp. returns to bankruptcy court today seeking approval of a new deal with General Motors Corp., its former parent, that could help the Troy-based auto supplier finally emerge from bankruptcy. (Tue, 23 Sep 2008 14:11:00 GMT)

Lehman Brothers biggest bankruptcy case in history
Lehman Brothers Holdings Inc., the fourth-largest U.S. investment bank, succumbed to the subprime mortgage crisis it helped create in the biggest bankruptcy filing in history. (Tue, 23 Sep 2008 14:53:28 GMT)

Hedge Funds: Ramius has some assets tied up in Lehman bankruptcy
A $11 billion hedge-fund firm founded by Peter Cohen has some of its assets tied up in the bankruptcy of Lehman Brothers, according to a letter sent to investors this week. (Tue, 23 Sep 2008 17:29:15 GMT)

Homebuilder files for bankruptcy
A Charlotte homebuilder has filed for bankruptcy protection, court documents show. Classic Southern Homes Inc., located near Randolph and Wendover roads, filed Thursday in U.S. Bankruptcy Court. The company, established in 1998, builds and renovates homes “for the discriminating client,” according to its Web site. The site advertises work on high-end homes in some of the city's most exclusive ... (Tue, 23 Sep 2008 20:06:40 GMT)

Homebuilder, ministry file for bankruptcy protection
A high-end homebuilder and a west Charlotte ministry have filed for bankruptcy protection, court documents show. Classic Southern Homes Inc., a builder located near Randolph and Wendover roads, filed Thursday in U.S. Bankruptcy Court. The company, established in 1998, builds and renovates homes “for the discriminating client,” according to its Web site. The site advertises work on high-end homes ... (Wed, 24 Sep 2008 04:08:56 GMT)

Debt/bankruptcy workshop set
LAS CRUCES —A free consumer debt/bankruptcy workshop is scheduled for 5:30 p.m. Thursday at Branigan Memorial Library. (Wed, 24 Sep 2008 06:35:12 GMT)

NYRA emerges from bankruptcy
The New York Racing Association, which operates the Aqueduct, Belmont and Saratoga race tracks, emerged from bankruptcy on Friday, thanks to a state bailout that will cover debts and operating expenses. (Wed, 24 Sep 2008 08:40:44 GMT)

Lehman Brothers biggest bankruptcy case in history
Lehman Brothers Holdings Inc., the fourth-largest U.S. investment bank, succumbed to the subprime mortgage crisis it helped create in the biggest bankruptcy filing in history. (Wed, 24 Sep 2008 13:01:35 GMT)

Canterbury in bankruptcy court today
Attorneys for Canterbury Press will appear in federal bankruptcy court at 9:30 a.m. today to determine what assets the company has and to be prepared to administer those assets. (Wed, 24 Sep 2008 13:15:36 GMT)

Prosys Announces That One of its Subsidiaries has Filed a Notice of Intention Pursuant to the Bankruptcy and ...
MONTREAL, QUEBEC, CANADA-- - Prosys-Tech Corporation , announces that the management of its subsidiary, Prosys-Tec Computers Inc., , pursuant to its press release dated August 13, 2008, has filed a Notice of Intention pursuant to Chapter 50.4 of the Bankruptcy and Insolvency Act, dated September 24, 2008. (Wed, 24 Sep 2008 13:36:19 GMT)

Arrow Speed files bankruptcy; Keystone bids $12M for its assets
Arrow Speed Warehouse Inc. has filed for Chapter 11 bankruptcy, listing estimated assets of $26 million and debts of $31.6 million. (Wed, 24 Sep 2008 14:42:37 GMT)

Bankruptcy court approves DIP financing for WCI
Bonita Springs-based homebuilder WCI Communities said late Tuesday that the Delaware Bankruptcy Court presiding over its Chapter 11 case has authorized the company to enter into a new $150 million debtor-in-possession (DIP) financing agreement. (Wed, 24 Sep 2008 14:45:05 GMT)

Hughes Hubbard Makes Timely Acquisition of Bankruptcy Boutique
With Hughes Hubbard & Reed's 12 bankruptcy lawyers busy handling the fallout from last week's Wall Street woes, the firm has boosted the practice group by two-thirds with the timely acquisition of Luskin, Stern & Eisler, a bankruptcy, creditors' rights and finance boutique. (Thu, 25 Sep 2008 07:02:58 GMT)

Bankruptcy suggested to help DPS
As state officials continue searching for solutions to the financial crisis in the Detroit Public Schools, one lawmaker suggested allowing the district to declare bankruptcy. (Thu, 25 Sep 2008 07:06:07 GMT)

More power for bankruptcy judges?
Some Democrats in Congress are pushing to allow bankruptcy judges to rewrite mortgages as part of the proposed $700 billion bailout for financial institutions that are straining under the weight of failing home loans. (Thu, 25 Sep 2008 10:18:39 GMT)

Arigato Japanese Steak House Inc. seeks bankruptcy court protection
After 30 years in the Tampa Bay area, Arigato Japanese Steak House Inc. cited slow sales and delays in the reopening of a North Dale Mabry location as reasons why it was forced to seek bankruptcy court protection from its creditors. (Thu, 25 Sep 2008 11:10:51 GMT)

Hard Rock Park owner files Chapter 11 bankruptcy
A company spokesman says the owner of the Hard Rock theme park that opened in Myrtle Beach earlier this year has filed for Chapter 11 bankruptcy protection. (Thu, 25 Sep 2008 12:02:08 GMT)

SecondMarket to Trade Lehman Bros. Bankruptcy Claims
SecondMarket, the largest marketplace for illiquid assets, announced today that effective immediately it will begin trading bankruptcy claims created by the Lehman Brothers Holdings Inc. Chapter 11 filing. With $639 billion in assets and more than 100,000 creditors, the Lehman Brothers bankruptcy is the largest in the U.S. to date. (Thu, 25 Sep 2008 12:50:46 GMT)

Valley bankruptcy attorney says rescue plan is last option
The federal government is down to its last option to save the economy, according to a Phoenix bankruptcy attorney. Diane Drain said the $700 billion Wall Street rescue plan being discussed by Congress is crucial. (Thu, 25 Sep 2008 13:08:48 GMT)

American Fibers and Yarns Files Bankruptcy
American Fibers and Yarns filed for Chapter 11 bankruptcy protection Tuesday, blaming the strained economy. The Chapel Hill company, which supplies dyed yarn for the automotive and household-furnishings industries, once had as many as 800 employees in the Southeast. (Thu, 25 Sep 2008 13:38:30 GMT)

Owner of D&D Home Furnishings seeks bankruptcy
Oskar Huber Fine Furniture Inc., the operator of D&D Home Furnishings, has sought bankruptcy protection because of declining sales, according to court records. (Thu, 25 Sep 2008 14:02:41 GMT)

Hard Rock Park files bankruptcy
The owner of Hard Rock Park filed for Chapter 11 bankruptcy protection today and the park will be closed for the rest of the season, a company spokesman said. The 55-acre, $400 million park plans to re-open in 2009, said Jim Olecki, a park spokesman. He would not go into detail when asked about the plans to emerge from bankruptcy protection. Olecki said the park never had enough money for ... (Thu, 25 Sep 2008 14:32:33 GMT)

Hearing on Boscov's bankruptcy sale postponed
A Delaware bankruptcy court hearing on the proposed the sale of department store chain Boscov's has been postponed until next week. (Thu, 25 Sep 2008 21:01:58 GMT)

Myrtle Beach's Hard Rock Park files for bankruptcy
MYRTLE BEACH, S.C. — The owner of Hard Rock Park filed for Chapter 11 bankruptcy protection Wednesday and the park will be closed for the rest of the season, a company spokesman said. (Fri, 26 Sep 2008 05:49:17 GMT)

Judge OKs GM deal to help Delphi exit bankruptcy
NEW YORK » A bankruptcy judge on Thursday approved an agreement between General Motors Corp. and Delphi Corp. that spells out what GM will give and get as its former parts unit exits bankruptcy. (Fri, 26 Sep 2008 06:13:49 GMT)

Judge approves accord over Delphi bankruptcy
A bankruptcy judge on Thursday approved an agreement between General Motors Corp. and Delphi Corp. that spells out what GM will give and get as its former parts subsidiary exits bankruptcy. (Fri, 26 Sep 2008 07:28:05 GMT)

Lehman Brothers biggest bankruptcy case in history
Lehman Brothers Holdings Inc., the fourth-largest U.S. investment bank, succumbed to the subprime mortgage crisis it helped create in the biggest bankruptcy filing in history. (Fri, 26 Sep 2008 08:15:01 GMT)

Boscov's bankruptcy case idles
Boscov's Inc. shouldn't receive approval of proposed bidding procedures for the sale of its assets, the U.S. trustee overseeing the department-store operator's bankruptcy case told a judge. (Fri, 26 Sep 2008 08:49:22 GMT)

Boscov's bankruptcy hearing postponed
By RANDALL CHASE AP Business Writer WILMINGTON, Del. — A Delaware bankruptcy court hearing on the proposed sale of department store chain Boscov's has been... (Fri, 26 Sep 2008 09:25:53 GMT)

Grand Chute business owner files for bankruptcy
GRAND CHUTE The owner of Bassett Furniture Direct has filed for bankruptcy, but a state consumer official said that wont help consumers who say he made fraudulent sales during a going-out-of-business sale that ended this summer. (Fri, 26 Sep 2008 09:28:10 GMT)

Losing a whole lotta money Hard Rock Park files Chapter 11 bankruptcy.
MYRTLE BEACH — Hard Rock Park has closed for the year. The owner of the Myrtle Beach amusement park filed for Chapter 11 bankruptcy protection Wednesday, ending an inaugural season that fell far below projections for the 55-acre, $400 million rock ‘n’ roll attraction. (Fri, 26 Sep 2008 11:24:07 GMT)

R.J. Gator's files for bankruptcy
About a year after R.J. Gator's Florida Sea Grill and Bar's original owners filed for bankruptcy protection, its new parent company has done the same. (Fri, 26 Sep 2008 13:57:49 GMT)

WaMu may file for bankruptcy shortly: Merrill Lynch
Washington Mutual may file for bankruptcy shortly, said Merrill Lynch analyst Kenneth Bruce terminating coverage of the stock. (Fri, 26 Sep 2008 15:40:07 GMT)

Lehman Brokerage Shrank $400 Billion Before Bankruptcy Filed
Sept. 26 (Bloomberg) -- Lehman Brothers Holdings Inc. 's brokerage lost more than $400 billion in assets in the months before its parent filed for bankruptcy protection, according to the trustee overseeing customer accounts. (Fri, 26 Sep 2008 20:03:29 GMT)

Lehman Unit Shrank $400 Billion Before Bankruptcy (Update1)
Sept. 26 (Bloomberg) -- Lehman Brothers Holdings Inc. 's brokerage unit lost more than $400 billion in assets in the months before its parent filed for bankruptcy protection, according to the trustee overseeing customer accounts. (Fri, 26 Sep 2008 22:12:04 GMT)

Bankruptcy filings surge in Georgia
Georgia's already bustling bankruptcy courts got even more crowded this spring as job losses and the mortgage meltdown prompted a flood of consumers to seek protection from creditors. Consumer bankruptcies statewide increased 23 percent in the second quarter of this year, compared with the same period last year, according to the National Bankruptcy Research Center. Georgia has the third-highest ... (Sat, 27 Sep 2008 00:23:35 GMT)

R.J. Gator's files for bankruptcy protection
A little more than a year after R.J. Gator's Florida Sea Grill and Bar's original owners filed for bankruptcy protection, its new parent company has done the same. (Sat, 27 Sep 2008 02:27:49 GMT)

Lehman Brokerage Lost $400 Billion in Assets Before Bankruptcy
Sept. 27 (Bloomberg) -- Lehman Brothers Holdings Inc. 's brokerage unit, in the months before its parent filed for bankruptcy protection, lost more than $400 billion in assets, according to the trustee overseeing customer accounts. (Sat, 27 Sep 2008 05:49:58 GMT)

Boscov’s bankruptcy hearing rescheduled
WILMINGTON, Del. — A Delaware bankruptcy court hearing on the proposed sale of department store chain Boscov’s has been postponed until next week. (Sat, 27 Sep 2008 08:34:07 GMT)

Riley sees bankruptcy for Jefferson
BIRMINGHAM | With Alabama's most populous county and bond insurers at odds in court, and talks failing to produce a deal on a $3.2 billion debt crisis, Gov. Bob Riley expressed doubts the county can avoid filing the largest municipal bankruptcy in U.S. history. (Sat, 27 Sep 2008 08:39:12 GMT)

WaMu Files for Bankruptcy Following FDIC Seizure (Update2)
Sept. 27 (Bloomberg) -- Washington Mutual Inc. , a holding company for the savings and loan that became the biggest U.S. bank to fail, filed for bankruptcy protection along with its unit WMI Investment Corp. (Sat, 27 Sep 2008 10:43:46 GMT)

Washington Mutual files for bankruptcy
WASHINGTON: US financial crisis deepened further with 119-year old banking institution Washington Mutual deciding to file for bankruptcy protection after selling its banking operations to JPMorgan Chase. (Sat, 27 Sep 2008 13:58:49 GMT)

Former crayon factory owner files bankruptcy
SANDUSKY — The owner of the former Dixon Ticonderoga crayon factory has filed for protection from creditors in U.S. Bankruptcy Court in Toledo. Hayes Avenue Development Co. LLC is one of three firms linked to Sandusky developer Joseph Yost III that is seeking to reorganize under Chapter 11 of the bankruptcy code. The largest of the firms, Westgate Properties Ltd., listed between $1 million and ... (Sat, 27 Sep 2008 15:02:42 GMT)

WaMu Files for Bankruptcy Following FDIC Seizure (Update2)
Sept. 27 (Bloomberg) -- Washington Mutual Inc. , a holding company for the savings and loan that became the biggest U.S. bank to fail, filed for bankruptcy protection along with its unit WMI Investment Corp. (Sat, 27 Sep 2008 18:46:30 GMT)

Harbinger Asks Probe of Lehman Cash Transfers Before Bankruptcy
Sept. 27 (Bloomberg) -- Harbinger Capital Partners Special Situations Fund L.P. wants to probe cash transfers among Lehman Brothers Holdings Inc. and its affiliates that occurred in the month before it filed the largest bankruptcy in history. (Sat, 27 Sep 2008 18:58:10 GMT)

WaMu files bankruptcy petition in Delaware
Washington Mutual Inc has filed a petition for Chapter 11 bankruptcy protection from creditors in U.S. bankruptcy court in Delaware. (Sat, 27 Sep 2008 19:56:54 GMT)

Washington Mutual Lists $8 Billion Debt in Bankruptcy (Update1)
Sept. 27 (Bloomberg) -- Washington Mutual Inc. , a holding company for the savings and loan that became the biggest U.S. bank to fail, listed more than $8 billion in debt in its bankruptcy filing in Wilmington, Delaware. (Sat, 27 Sep 2008 21:51:35 GMT)

Bankruptcy filing doesn't always mean a fresh start
As the economy continues to struggle, one indicator keeps rising nearly every month — bankruptcy filings. (Sun, 28 Sep 2008 07:18:04 GMT)

Lehman Brothers biggest bankruptcy case in history
Lehman Brothers Holdings Inc., the fourth-largest U.S. investment bank, succumbed to the subprime mortgage crisis it helped create in the biggest bankruptcy filing in history. (Sun, 28 Sep 2008 08:44:09 GMT)

Shoe Pavilion Files for Bankruptcy Protection
Sherman Oaks, Calif.-based Shoe Pavilion Inc. has filed for bankruptcy protection and requested court approval to close 71 of its 117 stores, according to Bloomberg News. Shoe Pavilion hopes the court will approve shuttering the locations, rejecting the leases and holding closing sales. (Sun, 28 Sep 2008 09:08:32 GMT)

WaMu Inc. files for Chapter 11 bankruptcy
Washington Mutual Inc. filed for Chapter 11 bankruptcy protection late Friday, one day after federal regulators seized its banking operations and sold them to JPMorgan Chase in the nation's largest bank failure. (Sun, 28 Sep 2008 09:22:50 GMT)

German mortgage bank near bankruptcy: report
Germany's Hypo Real Estate, a mortgage bank, is on the brink of bankruptcy, the daily Financial Times Deutschland reported in an advance copy of its Monday edition. (Sun, 28 Sep 2008 20:31:39 GMT)

WaMu lists $8 billion debt in bankruptcy filing
The holding company for Washington Mutual, the thrift that was seized by the Federal Deposit Insurance Corp. last week and had its banking assets sold to JPMorgan Chase & Co. for $1.9 billion, lists debts of more than $8 billion in a Delaware bankruptcy filing. (Sun, 28 Sep 2008 23:12:49 GMT)

GM Dealer Group Bill Heard Files for Bankruptcy (Update2)
Sept. 28 (Bloomberg) -- Bill Heard Enterprises Inc. , the Georgia auto dealership that closed 14 stores and fired most of its 3,200 employees last week, sought bankruptcy protection today, citing a declining automobile market and high gas prices. (Mon, 29 Sep 2008 02:23:44 GMT)

GM Dealer Group Bill Heard Files for Bankruptcy Protection
Sept. 29 (Bloomberg) -- Bill Heard Enterprises Inc. , the largest U.S. Chevrolet auto dealership, sought bankruptcy protection, citing a declining automobile market after it closed 14 showrooms and fired most of its 3,200 employees last week. (Mon, 29 Sep 2008 04:18:28 GMT)

Bailout includes no bankruptcy aid for homeowners
The Wall Street rescue deal does not include a provision allowing judges to revise loans on primary residences. As congressional negotiators labored over the giant financial bailout plan last week, business leaders saw little to applaud in more than a few of the ideas under discussion, including one that proposed changing the nation's bankruptcy laws to make it easier for homeowners to ... (Mon, 29 Sep 2008 05:33:49 GMT)

WaMu lists $8.2 billion in debt in bankruptcy filing
Washington Mutual Inc., the holding company that owned the largest savings-and-loan in the U.S. until it was taken over Thursday by the Federal Deposit Insurance Corp., has filed for bankruptcy. (Mon, 29 Sep 2008 05:55:22 GMT)

German bank rescued from bankruptcy
THE German bank Hypo Real Estate (HRE) was granted a last-minute "multi-billion euro" credit line from a consortium of German banks that allowed it to avoid declaring bankruptcy, it said today. (Mon, 29 Sep 2008 08:02:00 GMT)

Research and Markets: The Top 5 Billable Areas for 2008 Bankruptcy/Restructuring & How They Can Grow Your Practice: ...
Research and Markets (http://www.researchandmarkets.co has announced the addition of the "The Top 5 Billable Areas for 2008 Bankruptcy/Restructuring & How They Can Grow Your Practice: ReedLogic Video Seminar with Mark Berman" report to their offering. (Mon, 29 Sep 2008 10:00:36 GMT)

Research and Markets: Understanding Clients' Bankruptcy Legal Needs: ReedLogic Video Seminar
Research and Markets (http://www.researchandmarkets.co has announced the addition of the "Understanding Clients' Bankruptcy Legal Needs: ReedLogic Video Seminar with Steven Bennett of Jones Day" report to their offering. (Mon, 29 Sep 2008 10:16:57 GMT)

Bankruptcy protection sought by developer
A developer of a housing community in El Mirage has filed for Chapter 11 bankruptcy protection. (Mon, 29 Sep 2008 14:21:55 GMT)

Bill Heard files Chapter 11 bankruptcy
Bill Heard Enterprises, the largest Chevrolet dealer network in the United States, has filed for Chapter 11 bankruptcy, even as it has begun to attract potential buyers for some of its stores across the nation. (Tue, 30 Sep 2008 10:01:37 GMT)

Research and Markets: Bankruptcy Issues and Billing Opportunities Brought About by the Subprime Collapse: ReedLogic ...
Research and Markets (http://www.researchandmarkets.co has announced the addition of the "Bankruptcy Issues and Billing Opportunities Brought About by the Subprime Collapse: ReedLogic Video Seminar with Benjamin D. Feder of Thompson Hine LLP" report to their offering. (Tue, 30 Sep 2008 11:00:46 GMT)

Creative Loafing owner files bankruptcy
Creative Loafing's parent company, saddled with debt from new acquisitions and struggling amid the worst advertising recession in memory, filed for Chapter 11 bankruptcy protection Monday. In addition to the Charlotte edition, which was launched in 1987, Creative Loafing Inc. publishes weekly free tabloids serving Atlanta, Tampa and Sarasota, Fla. It also publishes the alternative weeklies ... (Tue, 30 Sep 2008 11:16:56 GMT)

Chicago hospital files for bankruptcy
One of the oldest hospitals in Chicago has filed for bankruptcy protection. Michael Reese Medical Center Corporation president Paul Tuft signed a filing Monday for Chapter 11 bankruptcy. (Tue, 30 Sep 2008 12:26:53 GMT)

Chicago hospital files for bankruptcy
(AP:CHICAGO) One of the oldest hospitals in Chicago has filed for bankruptcy protection. Michael Reese Medical Center Corporation president Paul Tuft signed a filing Monday for Chapter 11 bankruptcy. Michael Reese Hospital on the city's South Side opened in 1881. (Tue, 30 Sep 2008 12:37:31 GMT)

Chicago hospital files for bankruptcy
One of the oldest hospitals in Chicago has filed for bankruptcy protection. (Tue, 30 Sep 2008 12:51:27 GMT)

Bill Heard Enterprises heads to U.S. Bankruptcy court in Decatur
HUNTSTVILLE, AL (WAFF) - Bill Heard Enterprises was in court Monday, asking for protection under the federal government. Beginning Sunday night, Bill Heard Enterprises filed for federal bankruptcy protection under the Chapter 11 Bankruptcy Law. (Tue, 30 Sep 2008 13:09:42 GMT)

WaMu lists debt of $8B in bankruptcy filing
DOVER, Del. — The holding company for Washington Mutual, the thrift that was seized by the Federal Deposit Insurance Corp. last week and had its banking assets sold to JPMorgan Chase & Co. for $1.9 billion, lists debts of more than $8 billion in a Delaware bankruptcy filing. (Tue, 30 Sep 2008 13:15:51 GMT)

Ciena Capital LLC Files For Bankruptcy Protection
Ciena Capital LLC Files For Bankruptcy Protection (Tue, 30 Sep 2008 14:05:01 GMT)

Allied Capital unit files Chapter 11 bankruptcy
Allied Capital Corp., an investor and lender to middle-market businesses, said Tuesday that its Ciena Capital LLC unit has filed for Chapter 11 bankruptcy protection because financial market turmoil has gutted the value of Ciena's assets. (Tue, 30 Sep 2008 14:41:33 GMT)

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