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Home > Bankruptcy News

Bankruptcy News Oct 2008

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Allied-Owned Loan Servicer Ciena Files for Bankruptcy (Update3)
Sept. 30 (Bloomberg) -- Ciena Capital LLC , the New York loan servicing firm that is 95 percent owned by Allied Capital Corp., filed for bankruptcy due to a ``deterioration in the value'' of assets due to declining financial markets and fewer loan buyers. (Wed, 01 Oct 2008 00:44:55 GMT)

'Deterioration' spurs Ciena bankruptcy
NEW YORK | Ciena Capital LLC, the New York loan-servicing firm that is 95 percent owned by D.C.-based Allied Capital Corp., filed for bankruptcy Tuesday, citing a "deterioration in the value" of assets due to declining financial markets and fewer loan buyers. (Wed, 01 Oct 2008 08:59:37 GMT)

Allied Capital Portfolio Company Ciena Files for Bankruptcy Protection
Allied Capital announced yesterday that one of its ailing portfolio companies, Ciena Capital, filed for bankruptcy protection, forcing Allied to use $320 million in capital to guarantee Ciena's line of credit with lenders. (Wed, 01 Oct 2008 09:17:06 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. (Wed, 01 Oct 2008 10:20:04 GMT)

BUSINESS: Hearing scheduled on Boscov's bankruptcy sale
WILMINGTON -- A Delaware bankruptcy court has been asked to approve the proposed the sale of Pennsylvania-based department store chain Boscov's. (Wed, 01 Oct 2008 10:34:32 GMT)

BUSINESS: Boscov's bankruptcy sale considered
WILMINGTON, Del. -- A Delaware bankruptcy court today is being asked to approve the proposed the sale of department store chain Boscov's. (Wed, 01 Oct 2008 10:56:22 GMT)

Patriot Homes files for bankruptcy :Middlebury manufactured home maker plans to continue operating.
MIDDLEBURY -- Patriot Homes Inc. has filed for Chapter 11 bankruptcy protection, blaming the slumping housing market and tight credit. (Wed, 01 Oct 2008 12:37:53 GMT)

Hard Rock Park owners file for bankruptcy protection
Hard Rock Park in Myrtle Beach, South Carolina, has been forced to close for the remainder of the 2008 season after its parent company filed for bankruptcy protection. (Wed, 01 Oct 2008 13:22:08 GMT)

Cooper Announces Decision by the Court Presiding Over the Federal-Mogul Bankruptcy on Pneumo-Abex's Participation in ...
Cooper Industries, Ltd. (NYSE:CBE) today announced that the U.S. Bankruptcy Court for the District of Delaware has not approved the Plan A settlement whereby the Pneumo-Abex asbestos claims would be settled through the Federal Mogul Corp. ("FMC") Asbestos Trust. The Court had previously approved Plan B whereby Cooper will receive $138 million from the Federal Mogul bankruptcy estate and will ... (Wed, 01 Oct 2008 13:45:36 GMT)

Bankruptcy filings
Bankruptcy filings from U.S. Bankruptcy Court, District of Minnesota. Chapter 7 filings are a form of bankruptcy that involves total liquidation of assets. Chapter 13 filings are a form of bankruptcy in which debtors are able to repay all or some of their (Wed, 01 Oct 2008 14:27:29 GMT)

Virginia's Student-Run Investments Trapped by Lehman Bankruptcy
Oct. 1 (Bloomberg) -- University of Virginia business school students joined the ranks of hedge-fund managers hamstrung by the bankruptcy of Lehman Brothers Holdings Inc. (Wed, 01 Oct 2008 21:00:35 GMT)

Boscov’s bankruptcy judge approves sale plan
WILMINGTON, Del. - A Delaware bankruptcy judge today approved fast-tracked plans for an auction sale of the Reading-based department store chain Boscov's later this month. (Thu, 02 Oct 2008 00:15:17 GMT)

Bankruptcy judge approves sales plan for Boscov's
WILMINGTON - A Delaware bankruptcy judge yesterday approved fast-tracked plans for an auction sale later this month of Pennsylvania-based department store chain Boscov's. (Thu, 02 Oct 2008 07:35:40 GMT)

Bankruptcy judge approves Boscov's sale plan
WILMINGTON, Del. A Delaware bankruptcy judge approved fast-tracked plans yesterday for an auction sale this month of Pennsylvania-based department store chain Boscov's. Judge Kevin Gross accepted Boscov's proposed bid deadline of Oct. 15, followed by an auction Oct. 20 and sale hearing the next day. Philadelphia-based Versa Capital Management has emerged as the lead bidder for Boscov's, which ... (Thu, 02 Oct 2008 07:40:30 GMT)

Bankruptcy judge OKs sale plan for Boscov's
,WILMINGTON, Del. — A Delaware bankruptcy judge on Wednesday approved fast-tracked plans for an auction sale of Pennsylvania-based department store chain Boscov's later this month. Judge... (Thu, 02 Oct 2008 09:25:27 GMT)

Catalyst Energy files bankruptcy
Natural gas marketer Catalyst Energy filed for Chapter 11 bankruptcy protection Wednesday after its credit evaporated overnight. (Thu, 02 Oct 2008 12:20:42 GMT)

Italy Senate Passes Bankruptcy Law for Alitalia Sale (Update1)
Oct. 2 (Bloomberg) -- Italy's Senate passed revisions to the country's main bankruptcy law that was designed to clear the way for the sale of unprofitable state-owned airline Alitalia SpA to private investors. (Thu, 02 Oct 2008 13:12:41 GMT)

Man convicted of fraud files for bankruptcy
A man convicted in five Kansas counties of selling insurance to elderly residents but pocketing tens of thousands of dollars in premiums has filed for bankruptcy. The Chapter 7 filing by Ronald Hummel of Hutchinson could release him from more than $760,000 in payments ordered in civil suits stemming from the fraud cases. The payments are part of $1.7 million in listed liabilities. The filing ... (Thu, 02 Oct 2008 14:27:02 GMT)

Bankruptcy judge approves sale plan for Boscov's
WILMINGTON, Del. (AP) — A Delaware bankruptcy judge on Wednesday approved fast-tracked plans for an auction sale of Pennsylvania-based department store chain Boscov's later this month. (Thu, 02 Oct 2008 14:29:41 GMT)

Zoom Airlines Pre-Bankruptcy Money Transfers Probed by Trustee
Oct. 2 (Bloomberg) -- Zoom Airlines, the closely held Canadian carrier that declared bankruptcy in August, is being probed because of transactions valued at more than C$27 million ($25 million) during the past three years, court records show. (Fri, 03 Oct 2008 00:49:03 GMT)

Delphi exec seeks at least $3.5 billion to exit bankruptcy
Delphi Corp. needs $3.5 billion to $4 billion to emerge from bankruptcy protection, said Steve Miller, Delphi's executive chairman. (Fri, 03 Oct 2008 09:14:25 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, 03 Oct 2008 09:44:40 GMT)

Hawaii tourism drop pushes Hilo Hattie into bankruptcy
The "Store of Hawai'i" — kama'aina retailer Hilo Hattie — said the big decline in tourism and other economic factors forced it to file for bankruptcy yesterday, just three months after California investors bought the 45-year-old company from its founder. (Fri, 03 Oct 2008 11:14:37 GMT)

Hilo Hattie files for bankruptcy
Hilo Hattie, one of Hawai‘i’s largest local souvenir and clothing retailers, announced yesterday that it filed for Chapter 11 bankruptcy, but planned no store closures and no employee layoffs, according to a press release. (Fri, 03 Oct 2008 12:28:07 GMT)

Hilo Hattie files for bankruptcy
Hilo Hattie, a major retailer of Hawaiian souvenirs and aloha attire, filed for Chapter 11 bankruptcy protection Thursday, citing the economic downturn and the slumping tourism industry. (Fri, 03 Oct 2008 13:13:28 GMT)

Coral Springs bankruptcy has ties to 2007 fraud convictions
An office building owner in Coral Springs that filed for Chapter 11 bankruptcy protection this week is led by Marcos and Paul Fraynd, who pleaded guilty last year to charges connected with a fraud scheme at Aries Insurance Co. (Fri, 03 Oct 2008 14:07:22 GMT)

LaFavre’s tree farm business files for bankruptcy
Commercial developer Scott LaFavre’s company Eagle’s Rest Tree Farms declared bankruptcy in September in U.S. Bankruptcy Court in St. Paul. (Fri, 03 Oct 2008 14:29:38 GMT)

Hilo Hattie files for bankruptcy
HONOLULU (AP) _ Hawaiian souvenir and clothing retailer Hilo Hattie has filed for bankruptcy. The popular tourist retailer filed for Chapter 11 bankruptcy protection yesterday, less than five months after it was purchased by San Diego-based TOC Incorporated. (Fri, 03 Oct 2008 14:51:33 GMT)

Kansas Man Convicted of Insurance Fraud Files for Bankruptcy
A man convicted in five Kansas counties of selling insurance to elderly residents but pocketing tens of thousands of dollars in premiums has filed for bankruptcy. The Chapter 7 filing by Ronald Hu (Fri, 03 Oct 2008 14:52:38 GMT)

Consumer bankruptcy filings up 29 pct in September
The number of consumer bankruptcy filings rose about 29 percent in September from a year ago, the American Bankruptcy Institute said Friday. (Fri, 03 Oct 2008 15:56:27 GMT)

Vick lawyers ask for mediator in bankruptcy case
Lawyers for jailed quarterback Michael Vick are asking a federal bankruptcy judge to appoint a mediator to help settle his financial obligations with creditors. (Fri, 03 Oct 2008 16:21:24 GMT)

Michael Vick's lawyers ask for a mediator in bankruptcy case
NEWPORT NEWS, Va. - Lawyers for Michael Vick have asked a federal bankruptcy judge to appoint a mediator to help settle his financial obligations with creditors. (Fri, 03 Oct 2008 16:36:00 GMT)

Vick's lawyers ask for mediator in bankruptcy case
Lawyers for former NFL quarterback Michael Vick have asked a federal bankruptcy judge to appoint a mediator to help settle his financial obligations with creditors. (Fri, 03 Oct 2008 16:54:15 GMT)

WaMu bankruptcy hearing opens with a $5 billion question
WILMINGTON, Delaware (Reuters) - The fate of a $5 billion deposit dominated the first day of Washington Mutual Inc's (WAMUQ.PK) bankruptcy proceedings in a Delaware court on Friday. (Sat, 04 Oct 2008 01:02:00 GMT)

Judge's ruling pushes Interstate Bakeries closer to ending bankruptcy
Interstate Bakeries Corp. received court approval Friday to arrange delivery of some bread. U.S. Bankruptcy Judge Jerry Venters gave the wholesale baking company permission to commit to nearly $600 million in financing agreements that will allow Interstate to finally emerge from more than four years of bankruptcy. The arrangements also will give a New York investment fund majority ownership in ... (Sat, 04 Oct 2008 03:43:30 GMT)

WaMu debt holders stake claim in bankruptcy court
Lawyers for Washington Mutual Inc. and its bondholders stood before a Delaware bankruptcy court judge on Friday to tussle over assets including $5 billion in cash and set timelines for the organized demise of what was once the nation's largest savings and loan. (Sat, 04 Oct 2008 06:59:29 GMT)

Judge in Tousa bankruptcy case urges creditors to reconsider
The judge in the Tousa bankruptcy case urged creditors who may be holding out for a better deal to reconsider where they are in the plan-negotiation process as the future of the economy is unclear. (Sat, 04 Oct 2008 07:28:31 GMT)

Vick lawyer asks for mediation in suspended QB's bankruptcy
A go-between with creditors is sought for the ex-Atlanta Falcon, now in federal prison on dogfighting charges. An attorney for suspended NFL quarterback Michael Vick asked a U.S. bankruptcy judge Friday to appoint a mediator to help hammer out continuing disagreements between Vick and his creditors. (Sat, 04 Oct 2008 08:25:16 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, 04 Oct 2008 08:27:43 GMT)

Group sees bankruptcy of Lopez firms
A CONSUMERS group on Saturday warned of a possible bankruptcy of the Lopez Group of Companies due to more than P120 billion in debts, which will mature this November. (Sat, 04 Oct 2008 15:35:38 GMT)

Various claims complicate developer's bankruptcy
A court date has been set in the involuntary bankruptcy case pending against the developer of McAllister Ranch, court filings show. New Jersey-based lender Lehman Commercial Paper Inc., meanwhile, has stepped into the fray with a flurry of documents submitted Thursday and Friday. A status conference is slated for 9:30 a.m. Nov. 6 at the U.S. Bankruptcy Court in Santa Ana. (Sat, 04 Oct 2008 17:36:24 GMT)

Mike Costello: Valuation Advice For Bankruptcy Cases
Bankruptcy is on the rise, according to information compiled in the Automated Access to Court Electronic Records database. Through April 2008, commercial bankruptcies were up 49% over the same period last year. (Sat, 04 Oct 2008 19:30:01 GMT)

Judge to rule on Tamarack bankruptcy in two weeks
BOISE - A federal bankruptcy court judge said Friday he'll decide within two weeks whether to dismiss the bankruptcy cases of two real estate companies that own a majority of troubled Tamarack Resort, a move that could help clear the way for investment bank Credit Suisse to gain control of the resort. (Sat, 04 Oct 2008 22:16:57 GMT)

SemGroup creditors to combine in bankruptcy case.
Bankruptcy judge rules companies can unite to get their money. (Sun, 05 Oct 2008 12:53:49 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, 05 Oct 2008 13:08:45 GMT)

Bankruptcy filings in Colo. up 35 percent this year
Parker Excavating Inc. of Pueblo filed for ban20081007140529 (Mon, 06 Oct 2008 04:14:13 GMT)

Books can give you guidance on bankruptcy types
Declaring bankruptcy is not an easy choice. But for individual in dire financial straits, it can prove a welcome option. (Mon, 06 Oct 2008 07:08:41 GMT)

Judge to rule on Tamarack bankruptcy in 2 weeks
BOISE, Idaho - A federal bankruptcy court judge said Friday he'll decide within two weeks whether to dismiss the bankruptcy cases of two real estate companies that own a majority of troubled Tamarack Resort, a move that could help clear the way for... (Mon, 06 Oct 2008 11:09:54 GMT)

House panel holds hearings into massive Lehman Brothers bankruptcy
WASHINGTON - With the $700 billion-dollar financial industry bailout bill signed into law, the U.S. House of Representatives is now looking into what drove Lehman Brothers into bankruptcy. (Mon, 06 Oct 2008 13:16:38 GMT)

Leverage Inc. Announces Success and Value of Bankruptcy Insurance Policy During Economic Downturn
RBID.com Inc.'s (Pink Sheets:RBDC) new business affiliate, Leverage Inc., today announced the remarkable media attention garnered and consumer value of their bankruptcy insurance policy. Leverage's(R) bankruptcy insurance policy guarantees that all gift cards with a verifiable balance purchased through LeverageCard.com can be exchanged for a gift card of the same value from Leverage's(R) ... (Mon, 06 Oct 2008 14:51:21 GMT)

Sun Country reportedly files for bankruptcy
Cash-strapped Sun Country Airlines files for bankruptcy protection after its owner of two years is arrested for wire fraud, money laundering and obstruction of justice, The Wall Street Journal reports. (Mon, 06 Oct 2008 22:42:47 GMT)

Sun Country Air Files for Bankruptcy After Petters Group Raided
Oct. 7 (Bloomberg) -- Sun Country Airlines Inc. filed for bankruptcy for the second time in seven years after its owner, Petters Group Worldwide LLC, was raided last month by FBI agents in a $2 billion fraud probe. (Tue, 07 Oct 2008 05:46:26 GMT)

Sun Country Airlines files for bankruptcy
Regional carrier Sun Country Airlines is filing for Chapter 11 bankruptcy, blaming legal troubles from a fraud investigation of its parent company, Petters Group Worldwide. (Tue, 07 Oct 2008 07:34:00 GMT)

Judge OKs Twinkies maker's plan :Interstate Bakeries hopes to be out of bankruptcy by December.
KANSAS CITY, Mo. -- Lawyers for Interstate Bakeries Corp. have laid out an ambitious timeline that could have the company exiting four years of bankruptcy in December. (Tue, 07 Oct 2008 11:17:09 GMT)

AtheroGenics Files For Chapter 11 Bankruptcy
AtheroGenics Files For Chapter 11 Bankruptcy (Tue, 07 Oct 2008 11:34:41 GMT)

Archway & Mother's Cookie files for bankruptcy
BATTLE CREEK, Mich. -- The maker of Archway and Mother's cookies has filed for Chapter 11 bankruptcy protection in the wake of rising food and fuel costs and plans to end its U.S. (Tue, 07 Oct 2008 11:58:05 GMT)

AtheroGenics files for Chapter 11 bankruptcy
Drug developer AtheroGenics Inc. said Tuesday it filed for Chapter 11 bankruptcy due to its large debts, which are impairing its ability to develop its lead drug candidate. (Tue, 07 Oct 2008 12:16:16 GMT)

Cookie company files for bankruptcy
Tuesday, October 07, 2008 at 8:19 a.m. BATTLE CREEK (AP) -- The maker of Archway and Mother's cookies has filed for Chapter 11 bankruptcy protection in the wake of rising food and fuel costs and plans to end its U.S. operations. (Tue, 07 Oct 2008 12:50:51 GMT)

AtheroGenics Seeks Chapter 11 Bankruptcy, Citing Debt (Update1)
Oct. 7 (Bloomberg) -- AtheroGenics Inc. , the maker of a failed heart drug whose lenders filed an involuntary bankruptcy petition against it last month, filed for Chapter 11 bankruptcy as a result of its ``substantial debt burden,'' the company said. (Tue, 07 Oct 2008 13:53:22 GMT)

AtheroGenics Seeks Chapter 11 Bankruptcy, Citing Debt (Update3)
Oct. 7 (Bloomberg) -- AtheroGenics Inc. , the maker of a failed heart drug whose lenders filed an involuntary bankruptcy petition against it last month, filed for Chapter 11 bankruptcy as a result of its ``substantial debt burden,'' the company said. (Tue, 07 Oct 2008 20:24:48 GMT)

Twinkies maker has plan to exit bankruptcy
Interstate Bakeries, the maker of Hostess Twinkies and Wonder Bread, has filed a plan to exit more than four years of bankruptcy. (Wed, 08 Oct 2008 06:59:36 GMT)

South Florida bankruptcy filings soar
Just how busy is Miami bankruptcy lawyer Michael Brooks these days? ''If I wanted to schedule appointments Monday through Sunday, 9 to 6, I could do it,'' Brooks said. ``It's getting to the point where we're turning away business.'' (Wed, 08 Oct 2008 07:26:41 GMT)

Prevent Bankruptcy With These Tips
Filing for bankruptcy is often viewed as a quick and easy way to get out of debt. (Wed, 08 Oct 2008 08:09:58 GMT)

Bankruptcy lawyers see rise in business clients
In the latest sign of a stricken economy, bankruptcy lawyers report a spike in the number of failed or struggling businesses seeking protection from their creditors. (Wed, 08 Oct 2008 08:11:18 GMT)

Iceland Teeters on the Brink of Bankruptcy
Iceland on brink of being 1st national bankruptcy of global economic meltdown. (Wed, 08 Oct 2008 09:32:34 GMT)

Ex-Inflight chief agrees to bankruptcy case settlement
An award-winning Long Island businesswoman has agreed to pay a $1-million settlement in the bankruptcy case of defunct Inflight Newspapers & Magazines, and she may be nearing a plea deal in a related criminal case. (Wed, 08 Oct 2008 10:27:24 GMT)

Iceland Scrambles To Prevent Bankruptcy
Reykjavik, Iceland - The government of Iceland took extraordinary measures on Tuesday to stave off “national bankruptcy,” as the credit crisis tightened its grip (Wed, 08 Oct 2008 12:13:45 GMT)

Iceland Teeters On Brink Of Bankruptcy
Iceland is on the brink of becoming the first "national bankruptcy" of the global financial meltdown. (Wed, 08 Oct 2008 12:30:04 GMT)

Iceland teeters on the brink of bankruptcy
REYKJAVIK, Iceland -- This volcanic island near the Arctic Circle is on the brink of becoming the first "national bankruptcy" of the global financial meltdown. (Wed, 08 Oct 2008 14:10:42 GMT)

Bill Heard Seeks Bankruptcy Court Approval of Sale Procedures
Oct. 8 (Bloomberg) -- Bill Heard Enterprises Inc. , the largest U.S. Chevrolet auto dealership before filing for bankruptcy, asked a judge for approval of bidding procedures for the sale of certain properties. (Wed, 08 Oct 2008 22:40:01 GMT)

Weil Firm May Get $950 an Hour for Lehman Bankruptcy Work
Oct. 9 (Bloomberg) -- Weil, Gotshal & Manges lawyers may be paid as much as $950 an hour by Lehman Brothers Holdings Inc. to handle its bankruptcy, the largest in U.S. history. (Thu, 09 Oct 2008 06:14:23 GMT)

Lehman Withdraws Request for Financing in Bankruptcy (Update1)
Oct. 8 (Bloomberg) -- Lehman Brothers Holdings Inc. , the collapsed investment bank that filed the biggest bankruptcy in history, withdrew its request to borrow money while under court protection, without giving a reason. (Thu, 09 Oct 2008 07:51:22 GMT)

Pittsford man to pay $1M in bankruptcy fraud
A Pittsford man will go to prison for three years and pay $1 million in restitution for bankruptcy fraud and fraudulently filling out a loan application. (Thu, 09 Oct 2008 08:22:37 GMT)

Court hears arguments in Terrill's bankruptcy case
OKLAHOMA CITY --Problems with state Rep. Randy Terrill's reopened 2005 bankruptcy case are nothing more than errors on his Ethic Commission reports, Terrill and his attorney told a federal judge Wednesday. (Thu, 09 Oct 2008 09:25:23 GMT)

New City REIT Files Bankruptcy With $1.1 Billion Debt (Update1)
Oct. 9 (Bloomberg) -- New City Residence Investment Corp. became Japan's first failure of a listed real-estate investment trust today, filing for bankruptcy protection with liabilities totaling 112.4 billion yen (1.1 billion). (Thu, 09 Oct 2008 11:36:38 GMT)

Bankruptcy filings
Bankruptcy filings from U.S. Bankruptcy Court, District of Minnesota. Chapter 7 filings are a form of bankruptcy that involves total liquidation of assets. Chapter 13 filings are a form of bankruptcy in which debtors are able to repay all or some of their (Thu, 09 Oct 2008 13:27:43 GMT)

Update: Housing Authority votes to declare bankruptcy
If approved, bankruptcy protection would prevent residents of an apartment complex in Puyallup from collecting for damages they say they suffered because of mold. (Thu, 09 Oct 2008 14:27:43 GMT)

Pierce housing board opts for bankruptcy
The board of the Pierce County Housing Authority has voted to declare bankruptcy. (Thu, 09 Oct 2008 14:50:20 GMT)

Japanese insurer files for bankruptcy
Yamato Life Insurance Co. filed for bankruptcy on Friday, the company's president said. (Fri, 10 Oct 2008 04:17:12 GMT)

Yamato Life Files for Bankruptcy, Citing Investments (Update3)
Oct. 10 (Bloomberg) -- Yamato Life Insurance Co. , a 98- year-old Japanese insurer, filed for court protection from creditors in the nation's first bankruptcy in the industry in seven years, with debts exceeding assets by 11.5 billion yen ($116 million). (Fri, 10 Oct 2008 07:39:21 GMT)

Japan's Yamato Life file for bankruptcy in Tokyo
HONG KONG (MarketWatch) -- Japanese insurer Yamato Life Insurance Co. filed for bankruptcy protection from creditors Friday, reportedly becoming the first in the Japanese industry to do so in seven years. (Fri, 10 Oct 2008 11:12:29 GMT)

GM, Ford May Face Bankruptcy on Slowdown, S&P Says (Update1)
Oct. 10 (Bloomberg) -- General Motors Corp. , Ford Motor Co. and Chrysler LLC may be forced into bankruptcy by slowing economies and dwindling auto sales, Standard & Poor's analyst Robert Schulz said today. (Fri, 10 Oct 2008 12:07:38 GMT)

GM says bankruptcy not option it is considering
General Motors Corp , whose shares have plunged to a 58-year low amid the market turmoil, said in a formal statement that bankruptcy protection is not an option the automaker is considering. (Fri, 10 Oct 2008 12:22:31 GMT)

GM says no to bankruptcy
General Motors is not considering bankruptcy, the company said in a prepared statement Friday morning. The statement was in response to the company's precipitous stock price decline the previous day, a spokesman said. (Fri, 10 Oct 2008 13:46:30 GMT)

GM says bankruptcy is not an option
General Motors Corp said it was not considering bankruptcy protection as market turmoil continues and Barclays Capital said on Friday that the company's cash needs were increasing. (Fri, 10 Oct 2008 13:51:59 GMT)

GM Says It's Not Headed for Bankruptcy
Despite a huge drop in share price, GM says bankruptcy "is not an option." (Fri, 10 Oct 2008 14:02:32 GMT)

GM, Ford May Face Bankruptcy on Slowdown, S&P Says (Update3)
Oct. 10 (Bloomberg) -- General Motors Corp. , Ford Motor Co. and Chrysler LLC may be forced into bankruptcy by slowing economies and dwindling U.S. auto sales, Standard & Poor's analyst Robert Schulz said today. (Fri, 10 Oct 2008 14:11:01 GMT)

Source: Carraway to file bankruptcy next week
Physicians Medical Center Carraway will likely file bankruptcy early next week, one of the hospital’s investors said. (Fri, 10 Oct 2008 14:47:48 GMT)

GM says not considering bankruptcy, shares bounce
General Motors Corp on Friday said it was not considering bankruptcy protection at a time when slow auto sales and the credit crunch have sent its shares to near 60-year lows and rattled investors. (Fri, 10 Oct 2008 17:48:55 GMT)

GM, Ford May Face Bankruptcy on Slowdown, S&P Says (Update6)
Oct. 10 (Bloomberg) -- General Motors Corp. , Ford Motor Co. and Chrysler LLC may be forced into bankruptcy by slowing economies and dwindling U.S. auto sales, Standard & Poor's analyst Robert Schulz said. (Fri, 10 Oct 2008 20:14:25 GMT)

GM, Ford, Chrysler Face Bankruptcy Risk on Crisis, S&P Says
Oct. 10 (Bloomberg) -- General Motors Corp. , Ford Motor Co. and Chrysler LLC, the three biggest U.S. automakers, may be forced into bankruptcy as the global credit freeze damps U.S. sales, Standard & Poor's analyst Robert Schulz said. (Fri, 10 Oct 2008 21:16:29 GMT)

Meltdown 101: Bankruptcy won't help borrowers much
Can filing for bankruptcy help homeowners facing foreclosure? (Fri, 10 Oct 2008 22:45:07 GMT)

GM, Ford say not considering bankruptcy
General Motors Corp and Ford Motor Co both ruled out on Friday seeking bankruptcy protection at a time when slow auto sales and the credit crunch have rattled investors and sent their shares plunging. (Fri, 10 Oct 2008 23:34:32 GMT)

Diocesan bankruptcy trustee goes after pre-filing payments
The trustee who oversees the $37 million Diocese of Davenport bankruptcy settlement is going after payments the diocese made in the months leading up to its filing in October 2006, documents show. (Sat, 11 Oct 2008 05:55:42 GMT)

A FOCUS ON THE FUTURE: GM dashes talk of bankruptcy
General Motors Corp. sought to beat back fears Friday that a worsening global economy spells disaster for the world's largest automaker, saying plainly: "Bankruptcy protection is not an option GM is considering." (Sat, 11 Oct 2008 07:46:36 GMT)

Bankruptcy: A bankrupt system?
The 2005 bankruptcy bill has failed to live up to its promise -- to debtors and lenders alike. (Sat, 11 Oct 2008 16:44:13 GMT)

GM, Ford say not considering bankruptcy
General Motors and Ford Motor both ruled out Friday seeking bankruptcy protection at a time when slow auto sales and the credit crunch have rattled investors and sent their shares plunging. (Sat, 11 Oct 2008 18:05:13 GMT)

Bankruptcy beast prowls next door
Oct. 11: The shadow of bankruptcy is threatening to leap from banking behemoths to a clutch of hot-button countries, including Pakistan, thickening the atmosphere of high drama and deep gravity surrounding efforts to tackle the global credit crisis. (Sat, 11 Oct 2008 21:41:10 GMT)

Consumer group urges changes to bankruptcy laws
The Federal Government is being urged to change bankruptcy laws that critics say could see people lose their homes. (Sun, 12 Oct 2008 04:19:10 GMT)

Mendota Heights-based Sun Country Airline files for bankruptcy protection
Citing recent allegations of fraud at its parent company, Petters Group Worldwide, Sun Country Airlines filed for Chapter 11 bankruptcy protection Oct. 6. (Sun, 12 Oct 2008 06:48:11 GMT)

Don't plan on solving woes with bankruptcy
WASHINGTON — Can filing for bankruptcy help homeowners facing foreclosure? (Sun, 12 Oct 2008 07:29:06 GMT)

Iceland crisis: what does "national bankruptcy" mean?
(Reuters) - Iceland's prime minister has raised the spectre of his country being at risk of "national bankruptcy" as a financial crisis took hold. (Sun, 12 Oct 2008 07:42:00 GMT)

Bankruptcy financing gets pricier and more elusive
Financing is getting pricier and more elusive for companies that file for bankruptcy. (Sun, 12 Oct 2008 14:04:23 GMT)

(AFX UK Focus) 2008-10-12 15:16 Bankruptcy financing gets pricier and more elusive
NEW YORK, Oct 12 (Reuters) - Financing is getting pricier and more elusive for companies that file for bankruptcy. Debtor-in-possession - or DIP - financing is the fuel that keeps companies going through bankruptcy, allowing them to continue paying their suppliers and their employees as they try to become profitable again. It has been a popular and lucrative form of financing for much of the ... (Sun, 12 Oct 2008 14:22:13 GMT)

Fenton-based Grand Carnival in bankruptcy
Grand Carnival Manufacturing LLC, a Fenton-based company that employs more than 20 people, has filed for bankruptcy protection from creditors it owes more than $1 million. (Mon, 13 Oct 2008 04:02:35 GMT)

Mike Jones’ All-Star Beverage files for bankruptcy
All-Star Beverage LLC, a soft drink distributor owned by former St. Louis Rams linebacker Mike Jones and local businessman John Nicks, has filed for bankruptcy. (Mon, 13 Oct 2008 04:02:45 GMT)

Foreclosures push more South Floridians into bankruptcy
Bankruptcy filings in South Florida are approaching levels not seen since bankruptcy reform legislation was enacted in 2005, as foreclosures push more South Florida homeowners in that direction. (Mon, 13 Oct 2008 04:03:05 GMT)

Law briefs: JeffCo takes a step toward bankruptcy
Committee votes for bankruptcy Jefferson County’s Environmental Services Committee voted this week in favor of filing for Chapter 9 bankruptcy. (Mon, 13 Oct 2008 04:05:29 GMT)

U.S. automakers may face bankruptcy, analyst says
General Motors Corp., Ford Motor Co. and Chrysler LLC, the three biggest U.S. automakers, may be forced into bankruptcy as the global credit freeze damps U.S. sales, Standard & Poor's analyst Robert Schulz said. (Mon, 13 Oct 2008 07:24:55 GMT)

Bankruptcy financing gets pricier and more elusive
NEW YORK (Reuters) - Financing is getting pricier and more elusive for companies that file for bankruptcy. (Mon, 13 Oct 2008 09:50:06 GMT)

Bankruptcy Financing Proves Elusive
Financing is getting pricier and more elusive for companies that file for bankruptcy. Debtor-in-possession, or DIP, financing is the fuel that keeps companies going through bankruptcy, allowing them to continue paying their suppliers and their employees as they try to become profitable again. (Mon, 13 Oct 2008 10:38:11 GMT)

Former Ga. Regents chairman files for bankruptcy
A millionaire philanthropist from Augusta who once led the University System Board of Regents has filed for bankruptcy. Tim Shelnut Sr. filed in June for Chapter 7 bankruptcy. He listed $9.18 million in assets and $6.49 million in liabilities. Shelnut raised himself from a high school dropout to a millionaire insurance executive who ran his own agency with 7,000 agents across the country. (Mon, 13 Oct 2008 12:53:04 GMT)

Shelnut files for bankruptcy
A millionaire philanthropist from Augusta who once led the University System Board of Regents has filed for bankruptcy. (Mon, 13 Oct 2008 12:55:19 GMT)

Guitars among items sold at Nifong bankruptcy auction
Three guitars owned by former Durham County District Attorney Mike Nifong, who was disbarred over his handling of rape allegations at Duke University, fetched $5,100 in less than 30 minutes at a court-ordered bankruptcy auction. (Mon, 13 Oct 2008 13:31:28 GMT)

China Mulls New Share Sale Rule On Cos That File For Bankruptcy
SHANGHAI -(Dow Jones)- China's securities regulator said late Monday it is seeking opinion on a proposed amendment to the country's bankruptcy law that would require listed companies that have filed for bankruptcy protection to seek shareholder approval on the pricing of new shares. (Tue, 14 Oct 2008 03:01:46 GMT)

General Motors says bankruptcy not an option
General Motors said on Tuesday bankruptcy for the firm is not an option and called for coordinated federal action to assist the ailing U.S. automobile industry. (Tue, 14 Oct 2008 10:30:47 GMT)

Former Ga. Regents chairman files for bankruptcy
A millionaire philanthropist from Augusta who once led the University System Board of Regents has filed for bankruptcy. (Tue, 14 Oct 2008 11:04:23 GMT)

(AFX UK Focus) 2008-10-14 12:50 DOMINO'S PIZZA INC SAYS ONE OF THE CO VFN PROVIDERS DECLARED BANKRUPTCY
NEW YORK (Thomson Financial) - DOMINO'S PIZZA INC SAYS ONE OF THE CO VFN PROVIDERS DECLARED BANKRUPTCY Chuck Mikolajczak cm (Tue, 14 Oct 2008 11:52:23 GMT)

General Motors says bankruptcy not an option
General Motors (GM.N: Quote, Profile, Research, Stock Buzz) said on Tuesday bankruptcy for the firm is not an option and called for coordinated federal action to assist the ailing U.S. automobile industry. (Tue, 14 Oct 2008 13:14:56 GMT)

Acme Press files for bankruptcy
Acme Press Inc., a Schenectady commercial printer, has filed for Chapter 7 bankruptcy protection. (Tue, 14 Oct 2008 13:15:28 GMT)

Homebuilder TOUSA files plan to emerge from bankruptcy
Hollywood-based homebuilder TOUSA said it has filed a plan of reorganization with U.S. Bankruptcy Court for the Southern District of Florida in Fort Lauderdale. (Tue, 14 Oct 2008 13:36:48 GMT)

Homebuilder TOUSA files plan to emerge from bankruptcy
Homebuilder TOUSA said it has filed a plan of reorganization with U.S. Bankruptcy Court for the Southern District of Florida in Fort Lauderdale. (Tue, 14 Oct 2008 14:45:41 GMT)

Alabama county panel nixes bankruptcy effort
Local commissioners in Alabama's Jefferson County on Tuesday voted down 3-2 a resolution calling for the county wrestling with $3.2 billion of soured sewer debt to file for bankruptcy court protection. (Tue, 14 Oct 2008 16:26:29 GMT)

Ala. county rejects filing record bankruptcy
Commissioners for Alabama's most populous county have voted against filing the largest municipal bankruptcy in U.S. history over bonds that went sour in the credit crunch. (Tue, 14 Oct 2008 16:35:46 GMT)

General Motors says bankruptcy not an option
General Motors said on Tuesday bankruptcy for the firm is not an option and called for coordinated federal action to assist the ailing U.S. automobile industry. (Tue, 14 Oct 2008 19:22:16 GMT)

Ala. county votes against record bankruptcy
Commissioners in Alabama's most populous county voted against filing the largest municipal bankruptcy in U.S. history Tuesday and the federal government refused to guarantee the county's $3.2 billion sewer bond debt. (Tue, 14 Oct 2008 19:49:22 GMT)

Judge dismisses Tamarack owners' bankruptcy cases
Credit Suisse moved a step closer to taking control of Tamarack Resort after a federal judge on Tuesday dismissed bankruptcy cases that had been protecting majority owners of the ailing Idaho vacation destination. (Wed, 15 Oct 2008 02:47:17 GMT)

Hilander loses bankruptcy protection
A federal bankruptcy judge in Tacoma revoked bankruptcy protection for the Hilander Family Fun Center in Kelso last week, leaving the business vulnerable to shutdown for failure to pay as much as $436,000 in back taxes. (Wed, 15 Oct 2008 06:44:26 GMT)

Lovell Place's bankruptcy reorganization delayed
The owner of Lovell Place wants more time to file a plan to show how the apartment complex will emerge from bankruptcy. The reorganization plan for Lovell Place Limited Partnership is on its way to being pushed back to Nov. 14 in U.S. Bankruptcy Court in Erie. (Wed, 15 Oct 2008 07:49:06 GMT)

Gainey Corp. files for federal bankruptcy protection
Press File PhotoTrucking giant Gainey Corp. and five of its subsidiaries filed for Chapter 11 bankruptcy protection Tuesday. GRAND RAPIDS — Faced with more than $220 million in debt, trucking giant Gainey Corp. and five of its subsidiaries filed for... (Wed, 15 Oct 2008 09:37:24 GMT)

Bankruptcy, bailouts and bursting bubbles
On September 15, Lehman Brothers filed for bankruptcy in the biggest corporate default on record, and Merrill Lynch agreed to sell itself to Bank of America. One month on, the face of the financial services sector has irrevocably changed, with thousands of job losses, billions in writedowns and unprecedented government intervention. (Wed, 15 Oct 2008 09:52:21 GMT)

Former Georgia Insurance Exec, Regents Chairman Files for Bankruptcy
A millionaire philanthropist from Augusta, Ga. who once led the University System Board of Regents filed for bankruptcy. Tim Shelnut Sr. filed in June for Chapter 7 bankruptcy. He listed $9.18 mil (Wed, 15 Oct 2008 13:57:45 GMT)

Iceland scouts for cash to ward off national bankruptcy
Iceland, hit gale-force by global financial turmoil, was Wednesday searching for cash from a range of sources in a desperate attempt to ward off national bankruptcy. (Wed, 15 Oct 2008 18:20:55 GMT)

Carlsbad biotech company files bankruptcy
A San Diego County-based biotech company co-founded by the late Jonas Salk to develop an AIDS vaccine has filed Chapter 7 bankruptcy. The North County Times reported Wednesday that Orchestra Therapeutics, formerly known as The Immune Response Corp., filed... (Wed, 15 Oct 2008 22:15:33 GMT)

Bankruptcy filing hits another home builder
Christo Bardis, a Sacramento home builder and land developer, is seeking personal bankruptcy protection from creditors to whom he owes millions of dollars. (Wed, 15 Oct 2008 23:59:55 GMT)

Pacific Lifestyle Homes files for bankruptcy
The meltdown of the housing market has forced another home builder to file Chapter 11 bankruptcy. (Thu, 16 Oct 2008 01:12:12 GMT)

Cotton Merchant Reinhart Seeks Bankruptcy Protection (Update2)
Oct. 15 (Bloomberg) -- Paul Reinhart Inc. , one of the biggest U.S. cotton merchants, sought bankruptcy protection today after announcing last month that it faced a ``severe liquidity crisis'' tied to losses on futures contracts. (Thu, 16 Oct 2008 01:46:09 GMT)

Hilander loses bankruptcy protection
A federal bankruptcy judge in Tacoma revoked bankruptcy protection for the Hilander Family Fun Center in Kelso last week, leaving the business vulnerable to shutdown for failure to pay as much as $436,000 in back taxes. (Thu, 16 Oct 2008 03:45:16 GMT)

Barber Faces Creditor in Bankruptcy Court
FAYETTEVILLE -- The Legacy Building will go back on the auction block in a couple of weeks following a U.S. Bankruptcy Court ruling Tuesday despite a valiant attempt by Brandon Barber's counsel to allow the bankruptcy to proceed. (Thu, 16 Oct 2008 07:33:48 GMT)

Online video firms under bankruptcy risks
Chinese venture-backed online video firms, which were on the edge of making profits, are now under risks of bankruptcy with the spreading US financial crisis, said a report in Monday's Economic Observer newspaper. (Thu, 16 Oct 2008 09:32:51 GMT)

City Paper focuses on Web after owner files for bankruptcy
Two weeks after the Washington City Paper's parent company filed for bankruptcy, its editor said the weekly newspaper is focusing its energy on the Internet and is "more lively than ever." (Thu, 16 Oct 2008 13:01:27 GMT)

Official says no massive bankruptcy in Yangtze River region
Deputy governor of east China's Zhejiang Province, Chen Min'er, denied rumors that widespread bankruptcy has been occurring in the region. At a Beijing press conference Thursday he said there were indeed several cases of medium-sized and small businesses going broke but problem is not as severe as what has been reported in local newspapers.. "Such firms are not going out of business in groups," ... (Thu, 16 Oct 2008 14:21:26 GMT)

More South Korean Companies File For Bankruptcy In September
SEOUL, Oct 17 (Bernama) -- The number of South Korean companies that filed for bankruptcy increased in September as more manufacturers and builders went belly-up, Xinhua news agency reported quoting the country's central bank as saying Friday. (Fri, 17 Oct 2008 05:26:30 GMT)

More S Korean companies file for bankruptcy in September
The number of South Korean companies that filed for bankruptcy increased in September as more manufacturers and builders went belly-up, the country's central bank said Friday. According to the Bank of Korea, 203 companies went bankrupt last month, compared with 178 a month earlier. Meanwhile, the BOK said the number of start ups dropped to 3,671 last month from 3,713 in August. The default rate ... (Fri, 17 Oct 2008 08:14:32 GMT)

Int'l community to provide USD 4 bn to save Pak from bankruptcy
The international community has agreed to provide USD four billion needed by Pakistan to avoid bankruptcy in return for Islamabad undertaking a series of tough economic reforms, a media report said today. (Fri, 17 Oct 2008 08:35:47 GMT)

Int'l community to provide $4 bn to save Pak from bankruptcy
The international community has agreed to provide $four billion needed by Pakistan to avoid bankruptcy in return for Islamabad undertaking a series of tough economic reforms. (Fri, 17 Oct 2008 09:02:43 GMT)

(AFX UK Focus) 2008-10-17 09:53 Pilgrim's Pride not seeking bankruptcy protection
Oct 17 (Reuters) - Loss-making Pilgrim's Pride Corp, the world's largest chicken producer, said on Friday it did not expect to file for bankruptcy protection, and was focusing on a plan to address its problems. (Fri, 17 Oct 2008 09:23:34 GMT)

Shipper Industrial Carriers Files for Bankruptcy (Update1)
Oct. 17 (Bloomberg) -- Industrial Carriers Inc., a commodities shipping line with its main operating office in Ukraine, filed for bankruptcy. The filing was confirmed by Michael Ivanov, a senior chartering officer at Industrial Carriers's office in Odessa, by mobile today. (Fri, 17 Oct 2008 09:28:06 GMT)

Bankruptcy sought by owners of Lima ethanol plant
Citing construction delays and production problems, owners of a five-month-old ethanol plant in Lima have filed for protection from creditors. Documents in a Chapter 11 case filed in U.S. Bankruptcy Court in Toledo state that owners of the Greater Ohio Ethanol LLC plant on Houx Parkway have assets of $129 million and debts of $123 million. GOE Lima LLC sought permission this week from Judge ... (Fri, 17 Oct 2008 10:04:11 GMT)

Shipper Industrial Carriers Files for Bankruptcy (Update2)
Oct. 17 (Bloomberg) -- Industrial Carriers Inc., a shipper of coal, ore and grains, filed for bankruptcy protection after worldwide freight rates suffered the biggest decline on record. (Fri, 17 Oct 2008 10:41:18 GMT)

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