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Home > Bankruptcy News

Bankruptcy News Nov 2008

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VeraSun Seeks Bankruptcy After Losses on Corn Hedges (Update2)
Oct. 31 (Bloomberg) -- VeraSun Energy Corp. , the second- largest U.S. ethanol producer by capacity, filed for bankruptcy after making bad hedging bets on corn, a raw material used to make the fuel. (Sat, 01 Nov 2008 03:30:38 GMT)

Ethanol maker VeraSun files for bankruptcy protection
The biofuels company made wrong bets on the price of corn, becoming the latest in its industry to founder. VeraSun Energy Corp., the second-largest U.S. ethanol producer, filed for bankruptcy protection after making bad hedging bets on corn, a raw material used to make the fuel. (Sat, 01 Nov 2008 04:18:34 GMT)

VeraSun, Ethanol Maker, Seeks Bankruptcy After Corn Losses
Nov. 1 (Bloomberg) -- VeraSun Energy Corp. , the second- largest U.S. ethanol producer by capacity, sought bankruptcy protection after racking up losses on hedges for corn, a raw material used to make the fuel. (Sat, 01 Nov 2008 04:45:50 GMT)

Numbers filing for bankruptcy on the rise
MILWAUKEE Bankruptcy filings increased 38 percent in Wisconsin during the third quarter, compared to the same time last year. (Sat, 01 Nov 2008 09:24:05 GMT)

Real estate firms file bankruptcy
Three firms involved in Churubusco real estate filed Friday for Chapter 11 bankruptcy protection. All are run by Larry Smith, who is listed in court filings as vice president of the firms. (Sat, 01 Nov 2008 10:10:42 GMT)

City company files for 2nd bankruptcy
A Fort Wayne software developer filed for Chapter 11 bankruptcy protection on Thursday. (Sat, 01 Nov 2008 10:11:02 GMT)

Ethanol producer Verasun declares bankruptcy
Ethanol producer Verasun Energy of Sioux Falls, S.D., which includes plants at Fort Dodge, Charles City, Albert City, Hartley and Dyersville among its 16 facilities, filed for Chapter 11 bankruptcy protection in a Delware Court Friday night. (Sat, 01 Nov 2008 12:19:56 GMT)

Sioux Falls-based VeraSun files for bankruptcy
SIOUX FALLS, S.D. -- After several days of speculation, ethanol producer VeraSun Energy Corp. and 24 of its subsidiaries have filed for Chapter 11 bankruptcy protection. (Sat, 01 Nov 2008 14:58:04 GMT)

VeraSun seeks Chapter 11 bankruptcy protection
VeraSun Energy Corp., the nation's second largest ethanol producer accounting for about 13 percent of U.S. capacity, said late Friday it is seeking Chapter 11 bankruptcy protection after skyrocketing corn costs and a deterioration in capital markets left the company short on cash. (Sat, 01 Nov 2008 16:54:39 GMT)

Ethanol maker declares bankruptcy
SIOUX FALLS, S.D., Nov. 1 (UPI) -- U.S. ethanol producer Verasun Energy says it has declared bankruptcy after sustaining huge losses on the corn futures market. (Sat, 01 Nov 2008 17:49:54 GMT)

VeraSun files for bankruptcy after corn spiked, credit tightened
The recent retreat in corn prices came too late for one of the nation's biggest ethanol producers, as the twin blows of high costs and less credit pushed VeraSun Energy Corp. into bankruptcy. (Sat, 01 Nov 2008 17:57:29 GMT)

VeraSun Files for Bankruptcy Protection
The VeraSun Energy Corporation, which accounts for roughly 7 percent of ethanol production capacity in the United States, announced that it had filed for Chapter 11 bankruptcy protection late Friday. (Sat, 01 Nov 2008 19:21:55 GMT)

Sioux Falls-based VeraSun files for bankruptcy
So it begins.... Here comes the fallout form Wall Street that 700 billion can't fix. SIOUX FALLS, S.D. - After several days of speculation, ethanol producer VeraSun Energy Corp. and 24 of its subsidiaries have filed for Chapter 11 bankruptcy protection. (Sat, 01 Nov 2008 20:00:36 GMT)

Hungary saved from bankruptcy by international aid: PM
Hungary, hard hit by the global financial crisis, avoided state bankruptcy thanks to international aid, Prime Minister Ferenc Gyurcsany said in an interview published Sunday. (Sat, 01 Nov 2008 23:29:38 GMT)

Bankruptcy Court Approves $127M Financing for Lake Las Vegas Developer
The court handling the bankruptcy of Las Vegas Joint Venture L.L.C., the master developer of the Lake Las Vegas Resort, has approved a $127 million debtor-in-possession financing agreement with a group of lenders led by Credit Suisse as agent. (Sun, 02 Nov 2008 05:08:52 GMT)

Region bankruptcy and foreclosure rise in tandem
HAMMOND | Northwest Indiana's bankruptcy filings are growing in proportion to the escalating economic problems hitting the nation and the region. (Sun, 02 Nov 2008 09:21:54 GMT)

Ethanol maker VeraSun declares bankruptcy
A disastrous venture into the corn futures markets last summer landed Iowa’s largest ethanol producer, VeraSun Energy Corp. of Sioux Falls, S.D., in bankruptcy court in Delaware late Friday night. (Sun, 02 Nov 2008 10:21:08 GMT)

Sioux Falls-Based VeraSun Files for Bankruptcy
After several days of speculation, ethanol producer VeraSun Energy Corp. and 24 of its subsidiaries have filed for Chapter 11 bankruptcy protection. (Sun, 02 Nov 2008 15:10:16 GMT)

North Bay Village candidate says he never filed for bankruptcy
In the final days before the election, North Bay Village voters received political ads in the mail detailing a bankruptcy filing by mayoral candidate Oscar Alfonso -- and questioning whether Alfonso is fit to hold office. (Sun, 02 Nov 2008 22:11:35 GMT)

Economic meltdown forces more retailers to file for bankruptcy
Because of the economic meltdown, more than a dozen U.S. retailers have filed for bankruptcy so far this year, it was reported on Sunday. Industry experts expect more to file early next year as the reality of a lackluster holiday season becomes clear, according to the San Francisco Chronicle. As the economic meltdown deepened, some well-known retailers in the nation, such as Mervyns, Linens 'N ... (Mon, 03 Nov 2008 02:13:50 GMT)

Ethanol Future Bright Despite VeraSun Bankruptcy
South Dakota Senator John Thune says he's hopeful VeraSun Energy will emerge a stronger company after filing for bankruptcy (Mon, 03 Nov 2008 04:38:05 GMT)

Sioux Falls-based VeraSun files for bankruptcy
SIOUX FALLS, S.D. (AP) - After several days of speculation, ethanol producer VeraSun Energy Corp. and 24 of its subsidiaries have filed for Chapter 11 bankruptcy protection. (Mon, 03 Nov 2008 06:33:54 GMT)

Ethanol producer VeraSun seeks Chapter 11 bankruptcy protection
SIOUX FALLS, S.D. — VeraSun Energy Corp., the nation’s second largest ethanol producer accounting for about 13 percent of U.S. capacity, said late Friday it is seeking Chapter 11 bankruptcy protection after skyrocketing corn costs and a deterioration in capital markets left the company short on cash. (Mon, 03 Nov 2008 07:02:26 GMT)

Auction of Pier 44 postponed as owners file for bankruptcy
A foreclosure auction for 44 Jericho Road in Scituate has been postponed, two companies owned by developer David Pallotta having filed for bankruptcy. (Mon, 03 Nov 2008 11:12:15 GMT)

Bankruptcy Court grants Frontier' motion to reject contracts with Teamsters - Quick Facts
(RTTNews) - Friday, U.S. Bankruptcy Court granted Frontier Airlines' (FRNT) motion to reject its contracts with the International Brotherhood of Teamsters covering mechanics and material specialists. (Mon, 03 Nov 2008 12:31:40 GMT)

Ethanol maker VeraSun files for bankruptcy
A sign of trouble in the ethanol business, VeraSun seeks bankruptcy protection after a rapid decline in corn prices and a misplaced bet on feedstock purchases. (Mon, 03 Nov 2008 15:12:32 GMT)

VeraSun Energy Files For Bankruptcy Protection
Nation's second largest ethanol producer said it is seeking bankruptcy protection after skyrocketing corn costs and a deterioration in capital markets left the company short on cash. (Mon, 03 Nov 2008 15:17:22 GMT)

Some say feds should have let AIG file for bankruptcy
Financial experts fear that the federal government's $143 billion attempt to rescue troubled insurance giant American International Group may not work, and some argue that company shareholders and taxpayers would have been better served by a bankruptcy filing. (Mon, 03 Nov 2008 18:29:42 GMT)

S&P: VeraSun rating cut on bankruptcy filing
Standard & Poor's Ratings Services cut its ratings on VeraSun Energy Corp. to the lowest level of default after the ethanol producer said it will seek Chapter 11 bankruptcy protection from its creditors. (Mon, 03 Nov 2008 20:05:31 GMT)

VeraSun Energy files for bankruptcy
The worst economic crisis in the history of the ethanol industry has claimed one of biofuels most prominent players. VeraSun Energy, based in Sioux Falls, has filed for bankruptcy. It's the latest in a series of problems for ethanol producers, who've had to deal with huge swings in corn costs and falling ethanol prices. (Tue, 04 Nov 2008 00:09:57 GMT)

What's included in bankruptcy
Hard to say if property owned in Mexico will be protected during bankruptcy filing, says the Bankruptcy Adviser. (Tue, 04 Nov 2008 11:00:00 GMT)

Bankruptcy filings up 62.8% from a year ago
The number of bankruptcy filings in Hawai'i last month jumped to their second-highest increase this year as residents continue to struggle to make ends meet in the slowing economy. (Tue, 04 Nov 2008 11:02:36 GMT)

Sports Publishing LLC releases details about bankruptcy
CHAMPAIGN – Olympic swimmer Michael Phelps is listed among dozens of creditors of Sports Publishing LLC, the Champaign-based company that filed for Chapter 11 bankruptcy last month. The company, which filed a voluntary petition for bankruptcy Oct. 15 in U.S. Bankruptcy Court in the Central District of Illinois, submitted further information last week outlining its situation. (Tue, 04 Nov 2008 13:03:47 GMT)

Extra bankruptcy hoop often costly, frustrating
MINNEAPOLIS — Elizabeth Sherman slouches in front of a computer tucked in the storage room of her bankruptcy attorney's office. "Have you already decided to file for bankruptcy?" the computer questionnaire prompts her. (Tue, 04 Nov 2008 13:18:19 GMT)

Dauphin Island condo project in bankruptcy
The developer of the 144-unit Holiday Isle has filed for bankruptcy because 50 buyers backed out of purchases in the seven-story Dauphin Island condominium project. (Tue, 04 Nov 2008 15:52:05 GMT)

Dauphin Island condo project in bankruptcy
The developer of the 144-unit Holiday Isle has filed for bankruptcy because 50 buyers backed out of purchases in the seven-story Dauphin Island condominium project.  Holiday Isle LLC, a subsidiary of Mobile-based The Mitchell Company Inc., filed its bankruptcy petition on Oct. 23. It cited assets between $10 million and $50 million compared with liabilities between $1 million and $10 million, ... (Tue, 04 Nov 2008 15:54:43 GMT)

Asbestos lawsuit forces Christy Refractories into bankruptcy
A St. Louis maker of heat-resistant products has filed for Chapter 11 bankruptcy protection, in hopes that it can better manage the legal liabilities it assumed about 13 years ago. (Wed, 05 Nov 2008 04:38:31 GMT)

Consumer bankruptcy filings hit 100,000 in Oct.
U.S. consumer bankruptcy filings surged 40 percent in October compared with the same month a year ago and are up 20 percent between September and October, the American Bankruptcy Institute reported. (Wed, 05 Nov 2008 07:34:58 GMT)

Developer John Rankin files for bankruptcy
An Ashland City developer has filed for personal bankruptcy, citing a debt on an apartment development. (Wed, 05 Nov 2008 08:14:13 GMT)

BREAKING NEWS: Postville Plant Files for Bankruptcy
AP ALERT - Iowa kosher slaughterhouse files for bankruptcy, blaming May immigration raid for problems. Court documents say this is a voluntary move. And the company should have money for distribution to its unsecured creditors. (Wed, 05 Nov 2008 15:19:56 GMT)

Iowa meatpacker files for bankruptcy protection
A kosher slaughterhouse in Iowa has filed for bankruptcy protection, blaming a May immigration raid for financial difficulties. (Wed, 05 Nov 2008 15:26:48 GMT)

Agriprocessors files for bankruptcy
Agriprocessors, Inc., a Postville kosher slaughterhouse, has filed for bankruptcy, blaming a May immigration raid for its problems. (Wed, 05 Nov 2008 15:34:56 GMT)

Agriprocessors files for bankruptcy protection
DES MOINES, Iowa (AP) - Kosher slaughterhouse Agriprocessors has filed for bankruptcy, blaming a May immigration raid for financial difficulties. (Wed, 05 Nov 2008 15:40:12 GMT)

Agriprocessors files for bankruptcy protection
Associated Press - November 5, 2008 10:24 AM ET DES MOINES, Iowa (AP) - Kosher slaughterhouse Agriprocessors has filed for bankruptcy, blaming a May immigration raid for financial... (Wed, 05 Nov 2008 15:43:40 GMT)

Iowa meatpacker files for bankruptcy protection
Associated Press - November 5, 2008 10:33 AM ET DES MOINES, Iowa (AP) - A kosher slaughterhouse in Iowa has filed for bankruptcy protection, blaming a May immigration raid for financial... (Wed, 05 Nov 2008 15:47:48 GMT)

Agriprocessors files for bankruptcy protection
Kosher slaughterhouse Agriprocessors has filed for bankruptcy, blaming a May immigration raid for financial difficulties.The move to file for Chapter 11 bankruptcy protection on Tuesday came a day before Agriprocessors was to meet in court with its biggest lender, First Bank of St. Louis.The bank is seeking to foreclose on the plant in Postville and appoint a third party to oversee ... (Wed, 05 Nov 2008 15:58:59 GMT)

Meatpacker in immigration raid files for bankruptcy
Kosher slaughterhouse Agriprocessors has filed for bankruptcy court protection, blaming its financial difficulties on the May immigration raid on its Iowa plant in which more than 300 people were arrested. (Wed, 05 Nov 2008 20:55:31 GMT)

Tweeter bankruptcy to close 8 Chicago area stores
Specialty electronics chain Tweeter, which has eight stores in the Chicago-area, sought bankruptcy protection Wednesday after deciding to close its stores. (Thu, 06 Nov 2008 00:02:07 GMT)

Agriprocessors files for bankruptcy
Agriprocessors Inc. filed for Chapter 11 bankruptcy Tuesday, blaming a May 12 immigration raid for financial trouble. The company says it owes creditors - 118 of them from Iowa and of varying sizes - between $50 million and $100 million and lists its assets as valued between $100 million and $500 million. (Thu, 06 Nov 2008 10:24:48 GMT)

Protect yourself from businesses that file bankruptcy
The number of businesses filing for bankruptcy was on the rise even before Wall Street went into a tailspin. (Thu, 06 Nov 2008 11:59:43 GMT)

Agriprocessors files for bankruptcy
Trouble at Iowa plant raises fears of kosher meat shortage in small communities Kosher slaughterhouse Agriprocessors has filed for bankruptcy court protection, blaming its financial difficulties on the May immigration raid at its Iowa plant in which more than 300 people were arrested. (Thu, 06 Nov 2008 12:26:24 GMT)

Gazza escapes bankruptcy and given time
Former England star Paul Gascoigne has been given nine weeks' breathing space to file his late tax returns and fend off a bankruptcy petition by Revenue and Customs. (Thu, 06 Nov 2008 13:21:03 GMT)

Developer files bankruptcy to protect home
Developer John Rankin has filed for personal Chapter 7 bankruptcy to save his home from foreclosure after a deal fell through with a buyer on an apartment project. (Thu, 06 Nov 2008 15:07:49 GMT)

Troubled Paul Gascoigne given nine weeks to find £200,000 to avoid bankruptcy
Fallen football hero Paul Gascoigne has been given a nine-week breathing space to file his late tax returns and fend off a bankruptcy petition by Revenue and Customs. (Thu, 06 Nov 2008 15:12:24 GMT)

Fallen England hero Gazza given extra time to beat bankruptcy petition
Fallen football hero Paul Gascoigne has been given nine weeks' breathing space to file his late tax returns and fend off a bankruptcy petition by Revenue and Customs. (Thu, 06 Nov 2008 15:41:24 GMT)

Las Vegas Sands Plunges on Default, Bankruptcy Risk (Update4)
Nov. 6 (Bloomberg) -- Las Vegas Sands Corp. , billionaire Sheldon Adelson's casino company, fell the most in New York trading since went public after saying it may default on debt and face bankruptcy. (Thu, 06 Nov 2008 21:35:18 GMT)

More companies forced to renegotiate debt or file for bankruptcy
November 3, 3008-- A Circuit City electronics store in San Diego, California. (Sandy Huffaker/Getty Images) The statistics from the bankruptcy courts in St. Louis and East St. Louis are plenty frightening, with the total number of business bankruptcy filings more than doubling so far this year. (Fri, 07 Nov 2008 05:39:52 GMT)

Crown's Bond Risk Soars on Las Vegas Sands Bankruptcy Concern
Nov. 7 (Bloomberg) -- Default protection costs on Crown Ltd. , Australia's biggest casino owner, soared after Las Vegas Sands Corp. said it may default on debt and face bankruptcy. (Fri, 07 Nov 2008 07:05:20 GMT)

Q-C developer Ales files for bankruptcy in hopes of protecting Missouri resort
Davenport developer Chris Ales has filed for bankruptcy protection for a Missouri resort and country club he owns to shield it from creditors while he searches for another source of money to make good on bank loans, his attorney said. (Fri, 07 Nov 2008 08:32:20 GMT)

Three Rivers seeks bankruptcy protection
COSHOCTON - A Coshocton business under federal investigation for health-care fraud filed for bankruptcy protection to protect its 40 employees and dozens of creditors, an attorney said Thursday. (Fri, 07 Nov 2008 13:14:25 GMT)

Corral West parent company files for bankruptcy
The parent company of Cheyenne-based Corral West Ranchwear has filed for bankruptcy protection. Dallas-based BTWW Retail filed the bankruptcy papers in Texas on Monday. The same corporation went through Chapter 11 reorganization five years ago. (Fri, 07 Nov 2008 13:34:03 GMT)

American Home Furnishings files bankruptcy
ALBUQUERQUE (KRQE) - The economy problems roiling the presidential race hit close to home today with the announcement American Home Furnishings is seeking bankruptcy protection. (Fri, 07 Nov 2008 15:19:12 GMT)

MPC files for bankruptcy protection
NEW YORK, Nov 7 (Reuters) - MPC Corp , a seller of personal computers, filed for Chapter 11 bankruptcy protection on Friday, saying that unforeseen issues at integrating an acquisition and other manufacturing changes caused extensive losses. (Fri, 07 Nov 2008 15:22:48 GMT)

MPC files for bankruptcy
NAMPA - Nampa-based MPC Corporation is filing for Chapter 11 bankruptcy protection, only days after announcing massive layoffs from their Nampa and Iowa operations. (Fri, 07 Nov 2008 15:44:11 GMT)

MPC files for bankruptcy
Troubled computer maker MPC has filed for Chapter 11 Bankruptcy. The Nampa-based company announced the news in a filing with the SEC Friday morning. (Fri, 07 Nov 2008 15:45:35 GMT)

Bickford Ranch files for bankruptcy
After years enduring lawsuits and other conflicts over plans to build almost 2,000 homes near the Placer County town of Penryn, SunCal Bickford Ranch LLC, has filed Chapter 11 bankruptcy. The giant Irvine land developer blamed the project's financial collapse on the implosion of the Wall Street investment bank, Lehman Brothers. "The Lehman Brothers bankruptcy has created a situation that stands ... (Fri, 07 Nov 2008 22:16:29 GMT)

MPC files for Chapter 11 bankruptcy
NAMPA -- After announcing nearly 300 job cuts in the last three weeks, Nampa-based MPC Corporation announced Friday on its Web site that officials have filed voluntary petitions for Chapter 11 bankruptcy.The filings were made in the United States Bankruptcy Court for the District of Delaware and apply to MPC and all its direct and indirect subsidiaries. MPC expects to keep its operations up and ... (Sat, 08 Nov 2008 06:54:37 GMT)

GM will 'take every action' to avoid bankruptcy: Wagoner
General Motors will take "every action we possibly can" to avoid bankruptcy, president and chief executive Rick Wagoner has said after warning that the US automaker could run out of cash in the first half of next year. (Sat, 08 Nov 2008 07:53:51 GMT)

GM grapples to avoid filing bankruptcy as cash vanishes
General Motors Corp., for 77 years the world's largest automaker and an icon of American industry, revealed a dire financial outlook Friday that has the company teetering on the edge of bankruptcy. (Sat, 08 Nov 2008 11:20:29 GMT)

Clothing chain files for bankruptcy
CHEYENNE -- The parent company of Cheyenne-based Corral West Ranchwear has filed for bankruptcy protection. (Sat, 08 Nov 2008 12:14:00 GMT)

GM teetering on brink of bankruptcy
DETROIT, Nov. 8 (UPI) -- U.S. corporate icon General Motors Corp. is teetering on the edge of bankruptcy as auto sales shrink and the company burns through cash, the company revealed. (Sat, 08 Nov 2008 14:04:54 GMT)

GM teetering on brink of bankruptcy
U.S. corporate icon General Motors Corp. is teetering on the edge of bankruptcy as auto sales shrink and the company burns through cash, the company revealed. Company officials unveiled a grim forecast Friday that threatened to put the 100-year-old, one-time flagship symbol of the United States' economic dominance into bankruptcy court, the Detroit Free Press reported. GM's sales were at a ... (Sat, 08 Nov 2008 14:14:45 GMT)

Harold's Stores files bankruptcy
Associated Press - November 8, 2008 9:35 AM ET OKLAHOMA CITY (AP) - Harold's Stores Inc. and several of its related companies have filed for Chapter 11 bankruptcy protection. (Sat, 08 Nov 2008 14:51:34 GMT)

Harold's Stores files bankruptcy
OKLAHOMA CITY (AP) - Harold's Stores Inc. and several of its related companies have filed for Chapter 11 bankruptcy protection. The clothing store founded in Norman in 1948, but now based in Dallas, filed bankruptcy papers yesterday in Oklahoma City. (Sat, 08 Nov 2008 14:56:37 GMT)

NorCal housing development files for bankruptcy
A long-stalled Northern California housing development involving the Wall Street investment bank Lehman Brothers has ended up in bankruptcy court. SunCal Bickford Ranch LLC filed for Chapter 11 protection Friday in U.S. Bankruptcy Court in Santa Ana.... (Sat, 08 Nov 2008 19:45:39 GMT)

Harold's Stores Files Bankruptcy
Harold's Stores and several of its related companies have filed for Chapter 11 bankruptcy protection. (Sat, 08 Nov 2008 19:54:36 GMT)

Harold’s Stores files bankruptcy
OKLAHOMA CITY (AP) — Harold’s Stores Inc. and several of its related companies have filed for Chapter 11 bankruptcy protection. The clothing store founded in Norman in 1948, but now based in Dallas, filed bankruptcy papers Friday in Oklahoma City. (Sat, 08 Nov 2008 21:35:59 GMT)

Lincoln Housing Development Files For Bankruptcy
A long-stalled Northern California housing development involving the Wall Street investment bank Lehman Brothers has ended up in bankruptcy court. (Sat, 08 Nov 2008 23:35:15 GMT)

MPC Files For Bankruptcy Reorganization
A company that bought part of Gateway Computer's operations has filed for bankruptcy reorganization. (Sun, 09 Nov 2008 04:23:25 GMT)

Chapter 11 bankruptcy seems likely
Is Circuit City headed for bankruptcy? The chain isn't saying, but many retail experts, analysts and academics say Chapter 11 bankruptcy protection is the most likely path for the Henrico County-based company. (Sun, 09 Nov 2008 06:40:10 GMT)

Clothing chain files for bankruptcy
CHEYENNE -- The parent company of Cheyenne-based Corral West Ranchwear has filed for bankruptcy protection. (Sun, 09 Nov 2008 10:57:58 GMT)

Circuit City Files for Chapter 11 Bankruptcy
A week after it announced 155 store closures in the U.S., Circuit City on Monday filed for Chapter 11 bankruptcy. (Mon, 10 Nov 2008 08:36:05 GMT)

Circuit City Files for Bankruptcy
Circuit City Stores , the struggling electronics retailer, filed for bankruptcy protection on Monday, only shortly after the company sought to save itself by closing stores and laying off employees. (Mon, 10 Nov 2008 13:06:55 GMT)

Circuit City files for Chapter 11 bankruptcy protection
NEW YORK (AP) _ Circuit City Stores has filed for bankruptcy about a week after it said it would close 20 percent of its stores. (Mon, 10 Nov 2008 13:25:17 GMT)

Circuit City to stay open in bankruptcy
Circuit City Stores Inc., the No. 2 electronics seller after Best Buy, filed for bankruptcy protection Monday, hoping the move will allow it to stock its shelves in time for the crucial holiday shopping season. (Mon, 10 Nov 2008 13:25:22 GMT)

Circuit City files for Chapter 11 bankruptcy
Circuit City Stores Inc. on Monday says it filed for protection from its creditors under Chapter 11 of the U.S. bankruptcy code. (Mon, 10 Nov 2008 13:42:49 GMT)

Circuit City, Electronics Retailer, Seeks Bankruptcy (Update2)
Nov. 10 (Bloomberg) -- Circuit City Stores Inc. filed for bankruptcy amid rising competition from Best Buy Co., Wal-Mart Stores Inc. and online electronics retailers. (Mon, 10 Nov 2008 13:43:48 GMT)

Circuit City files for bankruptcy
Circuit City Stores Inc, the No. 2 U.S. consumer electronics retailer, filed for bankruptcy protection on Monday just a few weeks before the start of the key holiday shopping season, becoming the largest retailer to file under Chapter 11 this year. (Mon, 10 Nov 2008 14:19:17 GMT)

Circuit City files for bankruptcy protection
The large U.S. consumer electronics retailer filed for bankruptcy protection on Monday just a few weeks before the start of the holiday shopping season. (Mon, 10 Nov 2008 14:26:14 GMT)

US retailer Circuit City files for bankruptcy protection
US electronics retailer Circuit City said Monday it had filed for bankruptcy protection and obtained a 1.1 billion dollar credit lifeline to battle a sharp decline in sales. (Mon, 10 Nov 2008 14:44:15 GMT)

Circuit City files for bankruptcy protection
Circuit City Stores Inc., the nation's second-biggest electronics retailer, filed for bankruptcy protection on Monday but plans to stay open for business as the busy holiday season approaches. (Mon, 10 Nov 2008 15:38:58 GMT)

Circuit City's $1.1 Billion Bankruptcy Loan Buys It More Time
Nov. 11 (Bloomberg) -- Circuit City Stores Inc. , the consumer electronics chain that filed this year's biggest retail bankruptcy, arranged $1.1 billion in financing that gives the 59-year-old company another chance at survival. (Tue, 11 Nov 2008 13:55:36 GMT)

Exclusive Yellowstone Club files for bankruptcy
The Yellowstone Club, an exclusive mountain retreat for the ultra-rich, said it filed for bankruptcy Monday after failing to secure new financing -- underscoring that even the elite can't escape the country's current economic troubles. (Tue, 11 Nov 2008 14:19:16 GMT)

General Growth warns of possible bankruptcy
Bankruptcy possible if firm can't raise funds to cover debt General Growth Properties Inc., the Chicago-based shopping mall operator, warned Monday that it could be forced to file for bankruptcy if it is unsuccessful in raising funds to meet looming debt payments, according to a regulatory filing. (Tue, 11 Nov 2008 14:20:21 GMT)

GM's Best Option Is Bankruptcy Filing, Ackman Says (Update1)
Nov. 11 (Bloomberg) -- General Motors Corp. , the biggest U.S. automaker, should file for bankruptcy rather than taking money from the government, hedge fund manager Bill Ackman said. (Tue, 11 Nov 2008 14:25:31 GMT)

General Growth Shares Plunge After Bankruptcy Warning
General Growth Shares Plunge After Bankruptcy Warning (Tue, 11 Nov 2008 15:09:41 GMT)

Imagining a G.M. Bankruptcy
As General Motors struggles to avoid running out of cash next year, the once-unthinkable prospect of a G.M. bankruptcy filing is looking a lot more, well, thinkable. (Tue, 11 Nov 2008 15:22:13 GMT)

Yellowstone Club, Ski and Golf Club, Files Bankruptcy (Update1)
Nov. 11 (Bloomberg) -- Yellowstone Club, a private ski and golf resort in Montana, sought bankruptcy protection from creditors, citing a decline in the real estate market. (Tue, 11 Nov 2008 15:39:54 GMT)

Circuit City files for bankruptcy
Circuit City Stores Inc, the No. 2 U.S. consumer electronics retailer, filed for bankruptcy on Monday just weeks before the start of the holiday shopping season, becoming the largest retailer to file for Chapter 11 since Kmart in 2002. (Tue, 11 Nov 2008 15:41:41 GMT)

GM's Skid Quickens as Crunch Raises Bankruptcy Threat (Update3)
Nov. 11 (Bloomberg) -- General Motors Corp. , burning cash as U.S. sales slide, is being pushed closer to bankruptcy as it waits to learn whether the auto industry will win a new round of government loans. (Tue, 11 Nov 2008 15:44:15 GMT)

Skadden Leads Half-Dozen Firms in Circuit City Bankruptcy
The Am Law Daily reported last month that Circuit City, among the nation's largest retailers with more than 700 stores in the U.S., had hired Skadden, Arps, Slate, Meagher & Flom in hopes of finding some way to avoid a bankruptcy filing. (Tue, 11 Nov 2008 16:48:03 GMT)

Ski resort for super rich files for bankruptcy
Exclusive ski and golf community Yellowstone Club, in Montana, has filed for bankruptcy protection, a sign that the financial crisis roiling the real estate and leisure industries is not limited to the low end of the market. (Tue, 11 Nov 2008 17:48:20 GMT)

No. 2 mall operator warns of bankruptcy
General Growth Properties Inc., the No. 2 mall operator in the United States, has warned that an ongoing slump in retail sales, combined with the credit market lockdown, has pushed the company to the brink of bankruptcy. (Tue, 11 Nov 2008 19:53:05 GMT)

Resort for the Rich Heads Down Slope to Bankruptcy
The credit crisis has hit the ski trails of the rich and the richer. The Yellowstone Club in Montana, a private ski and golf resort, filed for bankruptcy protection, in a sign that the difficulties in the real estate and leisure industries is not limited to the low end of the market. (Tue, 11 Nov 2008 21:07:13 GMT)

GM urged to file for bankruptcy
General Motors should file for bankruptcy rather than taking government money, hedge-fund manager Bill Ackman said. (Wed, 12 Nov 2008 08:47:26 GMT)

Yellowstone Ski Resort for Super Rich Files Bankruptcy
The exclusive Yellowstone Club resort in Montana, a residential club for the ultra-rich, on Monday filed for Chapter 11 bankruptcy protection. (Wed, 12 Nov 2008 11:16:16 GMT)

National Wholesale Files for Bankruptcy
Even discount retailers are faltering amid the current economic maelstrom, it appears. National Wholesale Liquidators , a company focused on deeply discounted closeout wares with 55 stores across the Northeast, has filed for bankruptcy protection, The New York Post reported. (Wed, 12 Nov 2008 12:23:08 GMT)

Mall operator General Growth Properties warns of bankruptcy 9:56 AM CT
CHICAGO – General Growth Properties Inc. shares plummeted Tuesday after the nation's second-largest mall owner warned it faces solvency trouble and may be forced to file for bankruptcy if it can't refinance or extend nearly $1 billion in debt due next month. (Wed, 12 Nov 2008 14:51:47 GMT)

JA Solar posts 3rd-quarter loss as results were hurt by Lehman Brothers bankruptcy filing
NEW YORK (AP) - JA Solar Holdings Co., which manufacturers solar cells, on Wednesday posted a third-quarter loss, partly because of losses tied to Lehman Brothers' bankruptcy filing. (Wed, 12 Nov 2008 15:38:51 GMT)

Circuit City files for bankruptcy protection
Circuit City, the electronics retailer, whose red and white signs are a familiar part of shopping malls across America, filed for bankruptcy protection yesterday, admitting it was struggling topersuade suppliers to keep its stores in stock for theholiday season. (Wed, 12 Nov 2008 16:30:28 GMT)

Owner of Faneuil Hall Marketplace, Natick Collection in danger of bankruptcy
CHICAGO -- General Growth Properties Inc. shares plummeted Tuesday after the mall owner warned it faces solvency trouble and may be forced to file for bankruptcy if it can't refinance or extend nearly $1 billion in debt due next month. (Wed, 12 Nov 2008 16:57:22 GMT)

GM Bankruptcy May Mean Liquidation for Former Parts Unit Delphi
Nov. 12 (Bloomberg) -- Delphi Corp. , the former parts unit of General Motors Corp. , could be forced to liquidate its U.S. operations if its former parent also seeks bankruptcy. (Thu, 13 Nov 2008 02:08:05 GMT)

GM's troubles stir question of bankruptcy protection vs. a bailout
General Motors, with dire warnings, is seeking a bailout, but skeptics point to the benefits of bankruptcy protection, which can offer a new start. (Thu, 13 Nov 2008 04:45:16 GMT)

Delphi May Have to Liquidate if Ex-Parent GM Files Bankruptcy
Nov. 13 (Bloomberg) -- General Motors Corp. 's former parts unit, Delphi Corp. , could be forced to liquidate its U.S. operations if the automaker also seeks bankruptcy. (Thu, 13 Nov 2008 05:39:08 GMT)

GM: Bankruptcy beats bailout?
DETROIT . Momentum is building in Washington for a rescue package for the auto industry to head off a possible bankruptcy filing by General Motors, which is rapidly running low on cash. But not everyone agrees that GM filing for Chapter 11 would be the disaster that many fear. Some experts note that while bankruptcy would be painful, it may be preferable to a government bailout that may ... (Thu, 13 Nov 2008 07:57:59 GMT)

G.M.?s Troubles Stir Question of Bankruptcy vs. a Bailout
General Motors, with dire warnings, is seeking a bailout, but skeptics point to the benefits of bankruptcy, which can offer a new start. (Thu, 13 Nov 2008 12:21:28 GMT)

G.M.’s Troubles Stir Question of Bankruptcy vs. a Bailout
Momentum is building in Washington for a rescue package for the auto industry to head off a possible bankruptcy filing by General Motors , which is rapidly running low on cash. (Thu, 13 Nov 2008 12:52:27 GMT)

GM bankruptcy has pros and cons
DETROIT, Nov. 13 (UPI) -- Allowing a U.S. automaker to file for bankruptcy may be a better play for the federal government than reaching in with financial help, some analysts said. (Thu, 13 Nov 2008 14:26:08 GMT)

Why GM can't survive bankruptcy
It worked for the airlines, but it might not work for General Motors. Saving the company through bankruptcy is probably not a viable option for the troubled automaker. (Thu, 13 Nov 2008 15:08:08 GMT)

Ranieri's Franklin Bank files Chapter 7 bankruptcy
NEW YORK (Reuters) - Franklin Bank Corp , the lender founded by mortgage securities pioneer Lewis Ranieri, filed for bankruptcy protection and plans to liquidate, after federal regulators seized its banking unit. (Thu, 13 Nov 2008 15:28:05 GMT)

Teamsters approve contract changes so IBC can shed bankruptcy
Members of the International Brotherhood of Teamsters have approved a modification to its contract with Interstate Bakeries Corp., a move that paves the way for the company to emerge from bankruptcy next month. (Thu, 13 Nov 2008 15:37:09 GMT)

Nortel Edges Higher Despite Bankruptcy Warning
Shares of Nortel Networks traded higher Thursday, even though an analyst warned that the company, North America’s biggest maker of telephone equipment, appeared headed for bankruptcy. (Thu, 13 Nov 2008 20:22:12 GMT)

Delaware Bankruptcy Web Site Crashes; Paper Is Back (Update2)
Nov. 13 (Bloomberg) -- Web site failures at one of the busiest bankruptcy courts in the U.S. have forced attorneys to return to the oldest tool in their arsenal: paper. (Fri, 14 Nov 2008 00:31:39 GMT)

Yellowstone Club Gets U.S. Bankruptcy Court Approval for Loan
Nov. 14 (Bloomberg) -- The Yellowstone Club , a gated ski retreat for millionaires in the Montana Rockies, won approval to take an emergency $4.5 million loan after declaring bankruptcy earlier this week. (Fri, 14 Nov 2008 06:02:46 GMT)

Delaware Bankruptcy Web Crash Forces Lawyers to File on Paper
Nov. 14 (Bloomberg) -- One of the busiest bankruptcy courts in the U.S. has had attorneys return to paper filings because of problems with its Web site. (Fri, 14 Nov 2008 06:02:54 GMT)

More people face bankruptcy
The number of people facing bankruptcy rose by 7% in the third quarter of the year, against the same period a year earlier (Fri, 14 Nov 2008 11:13:13 GMT)

Bankruptcy Judges May Help Mortgage Holders
Congress is struggling over what to do about the epidemic of home foreclosures. Senators told some of the nation's biggest bankers Thursday that they should do their part to help homeowners. If they don't, Congress might turn to bankruptcy judges to rewrite the terms of mortgages — as they already do for car loans and even vacation homes. (Fri, 14 Nov 2008 12:05:17 GMT)

Ross Warns Bankruptcy Won’t Help Auto Makers
A growing number of pundits recently have been pushing the idea that a Chapter 11 bankruptcy filing could help the ailing American auto industry. Wilbur Ross, the billionaire once dubbed “the king of bankruptcy,” isn’t one of them. (Fri, 14 Nov 2008 13:08:03 GMT)

Upward Trend In Bankruptcy Rate
The rate of bankruptcy in the UK has risen - and may "surge" even higher - as Britons battle the current economic downturn. (Fri, 14 Nov 2008 14:08:00 GMT)

Four Indicted for Bankruptcy Fraud
Federal prosecutors have indicted four people in southern West Virginia as part of a crackdown on bankruptcy fraud. (Fri, 14 Nov 2008 16:44:32 GMT)

Bankruptcy judge balks at $600,000 salaries for Gainey Corp. officials
A bankruptcy judge used a unique way to decide what Gainey Corp. Chief Executive Officer Harvey Gainey, right, and Chief Operating Officer Carl Oosterhouse should earn. The amount is far less than what the executives had requested. • Read the story (Sat, 15 Nov 2008 05:20:12 GMT)

Carmakers: bailout or bankruptcy?
Bankruptcy once again is a plausible option for one or more of Detroit's Big Three automakers as a financial rescue is at risk of stalling in Congress. General Motors Corp., Ford Motor Co. (Sat, 15 Nov 2008 05:34:56 GMT)

VeraSun terminates president 2 week after bankruptcy filing
SIOUX FALLS, S.D. -- Ethanol producer VeraSun Energy Corp., which two weeks ago filed for Chapter 11 bankruptcy protection, said in a regulatory filing Friday it has terminated Danny C. Herron, the company's president and chief financial officer. Bryan D. Meier, vice president of finance and chief accounting officer, is assuming the additional responsibilities of principal financial officer, the ... (Sat, 15 Nov 2008 07:09:52 GMT)

Circuit City files for bankruptcy
Virginia-based Circuit City filed for Chapter 11 bankruptcy protection Monday, citing a need to free up the flow of merchandise to its stores during the holiday shopping season. (Sat, 15 Nov 2008 07:27:13 GMT)

Company that owns Baybrook Mall faces bankruptcy
From HCN reports General Growth Properties Inc., the Chicago-based company that owns Baybrook Mall, is facing bankruptcy. (Sat, 15 Nov 2008 09:44:09 GMT)

First Colony Mall owner facing bankruptcy
Despite facing possible bankruptcy, officials with General Growth Properties, owners of First Colony Mall and several Houston-area malls, don’t project an impact on operations at local malls or on the holiday shopping season. (Sat, 15 Nov 2008 10:52:49 GMT)

Hawaiian Telcom hints at bankruptcy if debt talks fail
Hawaiian Telcom Inc. has warned that it may be forced to file for bankruptcy reorganization if it can't reduce its debt load. In a 42-page filing with the Securities and Exchange Commission yesterday, the state's largest telephone company said it has been in talks with its bank lenders and bondholders to convert debt into stock. (Sat, 15 Nov 2008 11:16:35 GMT)

Correction: Company that owns Oaks mall has NOT filed for bankruptcy
A story in today's Alligator reported the company that owns Oaks mall, General Growth Properties, had filed for bankruptcy. In reality, the company stated it might have to seek bankruptcy protection. It has not yet filed. (Sat, 15 Nov 2008 16:07:24 GMT)

Mall’s owners may face bankruptcy
General Growth Properties Inc., owners of the Eagle Ridge Mall in Lake Wales, saw its stock plummet this week after the mall owner warned it faces solvency trouble and may be forced to file for bankruptcy if it can't refinance or extend nearly $1 billion in debt due next month. (Sat, 15 Nov 2008 16:14:21 GMT)

Hawaiian Telcom may file bankruptcy
HONOLULU, Nov. 15 (UPI) -- Hawaiian Telcom Inc., burdened with a heavy debt load, may seek bankruptcy protection, company officials say. (Sat, 15 Nov 2008 20:41:08 GMT)

England bankruptcy filings rise
LONDON, Nov. 15 (UPI) -- The number of people in England falling into bankruptcy has risen by 7 percent, government figures show. (Sat, 15 Nov 2008 20:41:18 GMT)

6 things to ask before filing for bankruptcy
If mounting credit card bills are threatening to pull you under, you may be considering bankruptcy as a way to hit the restart button. (Sun, 16 Nov 2008 06:34:41 GMT)

More Americans slip into bankruptcy
With their credit cards drained, the latest bankruptcy filers are deeper in debt than those in previous downturns. (Sun, 16 Nov 2008 06:41:42 GMT)

BRIAN DICKERSON: Could bankruptcy judges save Detroit -- or your house?
If bankruptcy judges can save Detroit automakers from extinction by canceling burdensome labor contracts -- as some bailout-wary lawmakers argue they should -- why shouldn't judges be able to save houses from foreclosure by rewriting onerous mortgage terms? (Sun, 16 Nov 2008 08:23:50 GMT)

DAVID MYERS: Bankruptcy won't erase all dues
Filing for bankruptcy may help credit-card debt disappear, but it won't necessarily allow those who live under the auspices of a local homeowners association to skirt unpaid homeowners association bills. (Sun, 16 Nov 2008 08:35:21 GMT)

Circuit City files for bankruptcy
Virginia-based Circuit City filed for Chapter 11 bankruptcy protection Monday, citing a need to free up the flow of merchandise to its stores during the holiday shopping season. (Sun, 16 Nov 2008 09:12:07 GMT)

Economic turmoil forcing more consumers into bankruptcy
The economy's deep troubles are pushing a growing number of already-struggling consumers into bankruptcy, often with far more debt than those who filed in previous downturns. (Sun, 16 Nov 2008 11:14:18 GMT)

Downturn drags more consumers into bankruptcy
Published: Sunday, November 16, 2008 at 5:30 a.m. Last Modified: Sunday, November 16, 2008 at 8:01 a.m. The economy’s deep troubles are pushing a growing number of already struggling consumers into bankruptcy, often with far more debt than those who filed in previous downturns. (Sun, 16 Nov 2008 13:44:44 GMT)

Bankruptcy possible for owner of Christiana Mall
Options appear to be narrowing for the owner of Christiana Mall. General Growth Properties faces a nearly $1 billion payment on its debt. It warned this week it may be forced into bankruptcy protection, if it cannot find a lender to refinance the debt. (Sun, 16 Nov 2008 16:09:02 GMT)

GM: The Bailout vs Bankruptcy Meme
There's a bailout vs bankruptcy meme going around with regard to GM -- a choice which makes me want to tick "none of the above". I've seen it in dozens of places of late, but since it comes with the imprimatur of Paul Krugman, let's look at the argument of Jonathan Cohn: ... (Mon, 17 Nov 2008 03:12:22 GMT)

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