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Home > Bankruptcy News

Bankruptcy News Dec 2008

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Bankruptcy filings up 30 percent
Bankruptcy filings nationally increased by more than 30 percent in the past year, and rates in Kentucky and Indiana were among the highest in the country. (Tue, 16 Dec 2008 09:39:10 GMT)

Key Plastics files for prepack Chapter 11 bankruptcy
NEW YORK, Dec 16 (Reuters) - Key Plastics LLC, a maker of plastic components for cars and trucks, has filed for Chapter 11 bankruptcy protection as the sharp decline in auto demand caused the company to default on debt payments, according to court documents. (Tue, 16 Dec 2008 14:55:10 GMT)

Rise of Bankruptcy Rate in Region Outpaces Rest of Nation
Filings for bankruptcy protection, by individuals and businesses, were pouring in at the rate of about 175 per day last quarter, and filings in the city and surrounding area increased by more than 36 percent. (Tue, 16 Dec 2008 15:12:00 GMT)

Dreier’s Firm Will Seek Bankruptcy Protection, Receiver Says
Dec. 16 (Bloomberg) -- Dreier, the law firm whose founder is in prison for cheating hedge funds out of more than $100 million, will seek bankruptcy protection, its receiver says. (Tue, 16 Dec 2008 15:46:53 GMT)

Moody's: Government-backed Bankruptcy Likely For Automakers
Moody's: Government-backed Bankruptcy Likely For Automakers (Tue, 16 Dec 2008 16:33:21 GMT)

Prominent NY law firm seeks bankruptcy protection
The receiver assigned to run a prominent Manhattan law firm after its founder was charged in a massive fraud says the firm will seek bankruptcy protection. (Tue, 16 Dec 2008 19:12:24 GMT)

Prominent NY law firm to seek bankruptcy
A prominent Manhattan law firm scandalized by charges that its founder masterminded a massive fraud will seek bankruptcy protection, according to a receiver appointed to run the firm. (Tue, 16 Dec 2008 19:26:24 GMT)

Bankruptcy protection sought for Dreier's law firm
A court-appointed receiver sought bankruptcy protection Tuesday for a prominent Manhattan law firm embroiled in accusations of massive fraud, claiming the firm is in disarray and suggesting its founder may have doctored records after his arrest. (Wed, 17 Dec 2008 00:26:50 GMT)

GM Is Likely to File for Bankruptcy, Report Says
General Motors is likely to file for bankruptcy protection with government backing, giving bondholders a recovery of more than 25 cents on the dollar, according to Moody's Investors Service. (Wed, 17 Dec 2008 07:41:58 GMT)

Receiver Files Bankruptcy Petition for Dreier Firm
Declaring that "no effective management" exists at Dreier LLP in the wake of the arrest of Marc S. Dreier, the sole equity partner of the firm, a receiver late Tuesday afternoon filed for Chapter 11 bankruptcy protection for the firm and related entities. (Wed, 17 Dec 2008 08:02:55 GMT)

'HEDGE-HOG FRAUD' LAWYER SIDESTEPS BANKRUPTCY
A prominent Manhattan lawyer charged with masterminding a massive fraud has decided against filing for bankruptcy protection, his lawyer said yesterday. A receiver appointed to run Mark Dreier's firm had predicted last week that he would seek... (Wed, 17 Dec 2008 10:34:10 GMT)

Dreier Law Firm Files for Bankruptcy After Founder Arrested
Dec. 17 (Bloomberg) -- The law firm Dreier LLP , after its founder was jailed and accused of cheating hedge funds out of more than $100 million, filed for bankruptcy protection. (Wed, 17 Dec 2008 14:10:57 GMT)

Telemetrix files Chapter 11 bankruptcy
Telemetrix Inc. and its subsidiary Convey Communications Inc. have filed for Chapter 11 bankruptcy protection. (Wed, 17 Dec 2008 16:22:10 GMT)

Fidelity gets bankruptcy court OK for purchase
A Chapter 11 bankruptcy court has approved Fidelity National Financial Inc.’s purchase of two title insurance underwriters. (FNF) (LFG) (Wed, 17 Dec 2008 16:58:46 GMT)

White House considering "orderly" bankruptcy to deal with ailing automakers
need to be eliminated for these companies to survive. I don't have a union in my line of work. So why should the auto industry. WASHINGTON - The Bush administration is seriously considering "orderly" bankruptcy as a way of dealing with the desperately ailing U.S. auto industry. (Thu, 18 Dec 2008 15:47:44 GMT)

Bush considering 'orderly' auto bankruptcy
The White House says a managed bankruptcy for automakers is one option being considered to help save the troubled industry. (Thu, 18 Dec 2008 15:55:14 GMT)

Part of Madoff Drama Will Play in Bankruptcy Court
He’s already a busy man, but James Peck is about to get even busier. Not only is Mr. Peck presiding over the fiendishly complex bankruptcy of Lehman Brothers , the New York judge is also overseeing the Securities Investors Protection Corporation’s liquidation of Bernard L. Madoff’s fund. (Thu, 18 Dec 2008 15:57:17 GMT)

Parent Co. considers bankruptcy
The Parent Co. is exploring its options, including selling itself or filing for bankruptcy protection, in the face of a liquidity problem, officials said in a regulatory filing. (KIDS) (Thu, 18 Dec 2008 16:03:29 GMT)

White House considers 'orderly' bankruptcy for auto companies
The Bush administration is seriously considering "orderly" bankruptcy as a way of dealing with the ailing U.S. auto industry. (Thu, 18 Dec 2008 16:17:56 GMT)

White House: Managed bankruptcy an option
WASHINGTON — For the first time, the Bush administration said today that arranging bankruptcy was one of the options it was considering as part of direct aid to General Motors and Chrysler. (Thu, 18 Dec 2008 16:22:30 GMT)

Bush considering "orderly" auto bankruptcy
The Bush administration is seriously considering "orderly" bankruptcy as a way of dealing with the desperately ailing U.S. auto industry. White House press secretary Dana Perino said Thursday, "There's an orderly way to do bankruptcies that provides for more... Presented By: Pheedo Introduces Video to RSS Analysts predict video ad spending to rise 45% in ... (Thu, 18 Dec 2008 16:26:13 GMT)

Bush ‘Worried’ About Potential for ‘Disorderly’ Auto Bankruptcy
Dec. 18 (Bloomberg) -- President George W. Bush said today he is worried about the possibility of a “disorderly bankruptcy” of the U.S. auto industry. (Thu, 18 Dec 2008 16:46:59 GMT)

Bush considering "orderly" auto bankruptcy
The Bush administration is seriously considering "orderly" bankruptcy as a way of dealing with the desperately ailing U.S. auto industry. (Thu, 18 Dec 2008 16:52:13 GMT)

Bankruptcy one option for carmakers: White House
Bankruptcy is one of the options being considered by the US administration for ailing US automakers, the White House said Thursday, adding a decision on what to do was close. (Thu, 18 Dec 2008 16:53:37 GMT)

Bush considering 'orderly' auto bankruptcy
The Bush administration is looking at "orderly" bankruptcy as a possible way to deal with the desperately ailing U.S. auto industry, Treasury Secretary Henry Paulson said Thursday as carmakers readied more plant closings and a half million new jobless claims underscored the deteriorating national economy. (Fri, 19 Dec 2008 07:24:05 GMT)

Bankruptcy for U.S. carmakers seen as option
The White House has suggested that General Motors and Chrysler could be pushed into a managed bankruptcy to avoid collapse. (Fri, 19 Dec 2008 10:17:53 GMT)

Car Bankruptcy Cited as Option by White House
The White House raised for the first time on Thursday the prospect of forcing General Motors and Chrysler into a managed bankruptcy as a solution to save the companies from financial collapse, The New York Times’s David E. Sanger, Bill Vlasic and Micheline Maynard reported. (Fri, 19 Dec 2008 12:57:27 GMT)

Paulson: 'Orderly' auto bankruptcy might be best
The Bush administration is convinced the ailing economy could not withstand the demise of Detroit's Big Three and is looking at "orderly" bankruptcy to keep the automakers from collapsing. (Fri, 19 Dec 2008 13:15:19 GMT)

Polaroid Files for Chapter 11 Bankruptcy
Consumer electronics company Polaroid Corp said on Thursday it had filed for Chapter 11 bankruptcy in order to facilitate its restructuring. (Fri, 19 Dec 2008 13:33:41 GMT)

Polaroid Files Bankruptcy a Second Time Amid Scandal (Update1)
Dec. 19 (Bloomberg) -- Polaroid , a name synonymous with instant photography for more than half a century, filed for bankruptcy for the second time in seven years following a scandal that left it unable to cope with mounting debts. (Fri, 19 Dec 2008 14:30:14 GMT)

Instant photo inventor Polaroid files for bankruptcy
Polaroid Corp., the iconic inventor of the instant photo camera, filed for bankruptcy protection on Friday amid a fraud probe into its parent company, Petters Group Worldwide. (Fri, 19 Dec 2008 15:33:49 GMT)

Egan-Jones Still Sees Eventual Bankruptcy For GM
Egan-Jones Still Sees Eventual Bankruptcy For GM (Fri, 19 Dec 2008 16:18:01 GMT)

Polaroid in Bankruptcy Again, Cites Petters Charges (Update2)
Dec. 19 (Bloomberg) -- Polaroid Corp. , the pioneer of instant photography, sought bankruptcy protection for the second time in seven years, blaming an alleged $2 billion fraud at its parent company Petters Group Worldwide LLC. (Fri, 19 Dec 2008 16:30:22 GMT)

Clarification: KB Toys bankruptcy story
In a story Dec. 11, The Associated Press reported that KB Toys owes Li & Fung Ltd. about $27.2 million, as stated in KB Toys' bankruptcy filing. Li & Fung subsequently came out with a statement explaining that it is a procurement agent for KB Toys and is owed about $5 million, while the balance of the amount is owed to separately owned factories that Li & Fung worked with on behalf of KB Toys. (Fri, 19 Dec 2008 20:05:20 GMT)

Polaroid in Bankruptcy Again, Cites Petters Charges (Update3)
Dec. 19 (Bloomberg) -- Polaroid Corp. , the pioneer of instant photography, sought bankruptcy protection for the second time in seven years, blaming an alleged $2 billion fraud at its parent company Petters Group Worldwide LLC. (Fri, 19 Dec 2008 21:15:53 GMT)

Dreier Founder May Be Forced Into Personal Bankruptcy (Update3)
Dec. 19 (Bloomberg) -- Marc Dreier , accused of cheating hedge funds out of more than $100 million, may be forced to file personal bankruptcy amid confusion about his bankrupt firm’s affiliates and his personal loans, a lawyer said. (Sat, 20 Dec 2008 00:01:24 GMT)

Polaroid Files for Bankruptcy Protection
The Polaroid Corporation and its subsidiaries filed for Chapter 11 bankruptcy protection, blaming allegations of fraud at its parent company. (Sat, 20 Dec 2008 03:31:25 GMT)

Polaroid In Bankruptcy
Polaroid Corp., a company founded more than seven decades ago by a native son of Norwich, declared bankruptcy Friday as the leader of its parent (Sat, 20 Dec 2008 12:13:18 GMT)

Dreier Firm Founder May Be Forced to File Personal Bankruptcy
Dec. 20 (Bloomberg) -- Marc Dreier , facing charges that he cheated hedge funds out of more than $100 million, may be forced to file personal bankruptcy amid confusion about his bankrupt law firm’s affiliates and his personal loans, a lawyer said. (Sat, 20 Dec 2008 15:58:40 GMT)

Triad Appliance Files For Bankruptcy
Winston-Salem's Triad Appliance Center is filing for bankruptcy. (Sat, 20 Dec 2008 22:47:03 GMT)

Polaroid Files Bankruptcy
Because of alleged Petters fraud, the photography company has filed for Chapter 11 . Though it has made this decision, the business states that it has sufficient funds to make reorganization decisions throughout the company. The United States Bankruptcy Code specifically states a company that files for chapter eleven must come up with a plan that restructures its own debt, which may include ... (Sun, 21 Dec 2008 03:30:50 GMT)

What would bankruptcy mean to GM shareholders?
What happens to shareholders if General Motors files for bankruptcy? What strategy was recently arrested money manager Bernard Madoff supposedly following to produce those steady returns? What's the January Barometer and does it work? Answers to these... (Sun, 21 Dec 2008 08:40:24 GMT)

Rural bank files bankruptcy notice
CITY OF SAN FERNANDO -- A rural bank in Pampanga was confirmed Saturday to have filed bankruptcy and receivership notices with the Bangko Sentral ng Pilipinas (BSP) and the Philippine Deposit Insurance Corporation (PDIC). (Sun, 21 Dec 2008 12:03:58 GMT)

The Lamarands: Bankruptcy helps to wipe out $55,000 in credit debt
Never in her life was Barbara Lamarand more nervous than when she had to stand before bankruptcy Judge Phillip Shefferly and admit she and her husband couldn't pay their bills. Leisa Thompson | The Ann Arbor NewsTom and Barbara Lamarand... (Sun, 21 Dec 2008 14:02:21 GMT)

KB Toys keeps quiet about bankruptcy
PITTSFIELD — Nine days have passed since KB Toys filed for Chapter 11 bankruptcy protection, and the company's executives have yet to comment publicly about the filing. (Sun, 21 Dec 2008 16:09:31 GMT)

Bankruptcy threat looms against Merendon Mining
Merendon Mining (Colorado) Inc., which was named earlier this year in an alleged tax scheme involving seven NFL football players, may be forced into bankruptcy. (Mon, 22 Dec 2008 05:13:14 GMT)

White House considering 'orderly' auto bankruptcy
The Bush administration is looking at "orderly" bankruptcy as a possible way to deal with the desperately ailing U.S. auto industry, the White House said Thursday as carmakers readied more plant closings and a half million Americans filed new jobless claims. (Mon, 22 Dec 2008 06:13:17 GMT)

Circuit City heads back to bankruptcy court today
Circuit City Stores Inc. will ask a federal bankruptcy judge today to allow it to void contracts and cease paying 40 laid-off executives, including former Chairman, President and CEO Philip J. Schoonover. In court filings, the Henrico County-based consumer electronics retailer has asked Judge Kevin R. Huennekens to cancel the employment and severance contracts, which are “financially burdensome ... (Mon, 22 Dec 2008 11:20:42 GMT)

Circuit City in court for bankruptcy hearing
Associated Press - December 22, 2008 6:25 AM ET RICHMOND, Va. (AP) - Circuit City is heading into U.S. Bankruptcy Court for a hearing to seek final approval of financing to be used while it is... (Mon, 22 Dec 2008 11:25:01 GMT)

Circuit City in court for bankruptcy hearing
Circuit City Stores Inc. is heading into U.S. Bankruptcy Court for a hearing to seek final approval of financing to be used while it is in Chapter 11 bankruptcy protection. (Mon, 22 Dec 2008 11:38:59 GMT)

Circuit City in court for bankruptcy hearing
Circuit City is heading into U.S. Bankruptcy Court for a hearing to seek final approval of financing to be used while it is in Chapter 11 bankruptcy protection. (Mon, 22 Dec 2008 12:17:31 GMT)

Circuit City heads to bankruptcy court
RICHMOND, VA (NBC12) - Circuit City is headed back to bankruptcy court today. The electronics retail giant is looking for approval of more than a billion dollars to keep the company afloat. (Mon, 22 Dec 2008 13:50:00 GMT)

Region's largest dry cleaning chain files for bankruptcy
The largest dry cleaning chain in the Albany, N.Y., region filed for Chapter 11 bankruptcy protection due to a severe drop in revenue over the past few months, a company official said today. (Mon, 22 Dec 2008 15:27:53 GMT)

Bankruptcy filings on the rise on Treasure Coast
Between Indian River County and the Florida Keys, personal and business bankruptcy filings were up about 71 percent last month, compared to November 2007, said Katherine Gould Feldman, clerk of the U.S Southern District of Florida Bankruptcy Court in Miami. (Mon, 22 Dec 2008 16:42:34 GMT)

Refiner, retailer Flying J files for bankruptcy
Flying J, a big privately held firm that operates oil refineries and truck stops, said Monday it filed for bankruptcy protection, hit by the abrupt fall in energy prices and a credit crunch. (Mon, 22 Dec 2008 16:47:11 GMT)

Bankruptcy judge approves Circuit City financing
Circuit City Stores Inc., the nation's second-biggest electronics retailer, received final approval Monday for $1.1 billion in financing in order to keep operating while it's in Chapter 11 bankruptcy protection. (Tue, 23 Dec 2008 00:27:10 GMT)

Alitalia Bankruptcy Administrator Seeks Buyers for 46 Planes
Dec. 23 (Bloomberg) -- Alitalia SpA ’s bankruptcy administrator is seeking buyers for 46 planes that investor group CAI isn’t acquiring so the insolvent airline can repay creditors. (Tue, 23 Dec 2008 11:39:08 GMT)

Personal bankruptcy filings on the rise on Treasure Coast
Area cases were up about 71 percent last month, compared to November 2007 In the current economy, more and more people on the Treasure Coast and throughout South Florida are turning to federal bankruptcy courts for relief from mounting debts, and that trend is expected to continue for years, experts say. (Tue, 23 Dec 2008 12:40:32 GMT)

Flying J files Ch. 11 bankruptcy
Ogden oil company not laying off workers or closing fuel stations Flying J of Ogden and its two oil refining and exploration subsidiaries filed for Chapter 11 bankruptcy protection on Monday, blaming a cash crunch triggered by plunging oil prices and the ongoing credit crisis. (Tue, 23 Dec 2008 12:41:02 GMT)

Bankruptcy judge OKs Circuit City financing
Circuit City Stores Inc. on Monday received final approval for $1.1 billion in financing to keep operating while the nation's second-biggest electronics retailer is in Chapter 11 bankruptcy protection. (Tue, 23 Dec 2008 13:55:15 GMT)

Seychelles President Shuns Atheism for God in Lehman Bankruptcy
Dec. 23 (Bloomberg) -- When Lehman Brothers Holdings Inc. filed for bankruptcy in New York, the leader of an Indian Ocean archipelago 8,500 miles away took it as divine retribution. (Tue, 23 Dec 2008 14:15:52 GMT)

Flying J Inc. files for bankruptcy protection
Associated Press - December 23, 2008 9:24 AM ET OGDEN, Utah (AP) - The Ogden-based oil company Flying J Inc. and 2 of its subsidiaries on Monday filed petitions for Chapter 11 bankruptcy... (Tue, 23 Dec 2008 14:24:07 GMT)

Oil firm Flying J files for bankruptcy protection
The Ogden-based oil company Flying J Inc. and two of its subsidiaries on Monday filed petitions for Chapter 11 bankruptcy protection in Delaware. (Tue, 23 Dec 2008 15:16:28 GMT)

Flying J files for bankruptcy
Flying J, a national fuel and travel plaza company with a store in Rocker, declared voluntary Chapter 11 bankruptcy Monday in a Delaware court. (Tue, 23 Dec 2008 15:23:28 GMT)

GMAC awaits a lifesaving debt swap to help avert bankruptcy
One minute before midnight Friday is GMAC's deadline for bondholders to swap $38 billion in debt for new bonds that are worth less money a deal that could help the finance company avert bankruptcy and qualify to become a bank holding company. (Wed, 24 Dec 2008 02:41:53 GMT)

Court says China firm in milk scare files for bankruptcy
The Chinese firm at the centre of a nationwide tainted milk crisis that sickened nearly 300,000 children and killed six has filed for bankruptcy, a judge said on Wednesday. (Wed, 24 Dec 2008 06:23:31 GMT)

Zavvi files for bankruptcy protection
Music, games and DVD retail chain Zavvi filed for a form of bankruptcy protection on Wednesday, blaming the collapse of the Woolworth Group's distribution arm. (Wed, 24 Dec 2008 11:45:00 GMT)

Zavvi files for bankruptcy protection
Britain's economic downturn claimed another prominent retailer Wednesday as music, games and DVD retail chain Zavvi filed for a form of bankruptcy protection, blaming the collapse of the Woolworth Group's distribution arm. (Wed, 24 Dec 2008 11:58:54 GMT)

Zavvi files for bankruptcy protection
Britain's economic downturn claimed another prominent retailer Wednesday as music, games and DVD retail chain Zavvi filed for a form of bankruptcy protection, blaming the collapse of the Woolworth Group's distribution arm. Ernst & Young administrators,... (Wed, 24 Dec 2008 12:26:04 GMT)

British retailer Zavvi files for bankruptcy protection
LONDON - British music, games and DVD retail chain Zavvi filed for a form of bankruptcy protection on Wednesday, blaming the collapse of the (Wed, 24 Dec 2008 14:19:31 GMT)

Petters Case Taking Up Bankruptcy Attorneys
It could take every bankruptcy lawyer in the Twin Cities to help untangle the financial mess caused by the fall of businessman Tom Petters. (Wed, 24 Dec 2008 14:25:02 GMT)

Nearly Every Twin Cities Bankruptcy Attorney Working Petters Case
With bankruptcy filings adding up during the investigation of businessman Tom Petters, nearly every bankruptcy attorney in the Twin Cities has a hand in the case. (Wed, 24 Dec 2008 14:59:25 GMT)

Palms of Treasure Island files for bankruptcy
A condo developer in Treasure Island is seeking Chapter 11 bankruptcy protection after selling just a handful of units along Gulf Boulevard. (Wed, 24 Dec 2008 16:19:39 GMT)

Embattled photographer files for bankruptcy
Lisa Redmond [email protected] LOWELL -- After abruptly closing his studio on Market Street and allegedly duping more than a dozen newlyweds out of wedding pictures, Lowell photographer Bob Pare has filed for bankruptcy. (Wed, 24 Dec 2008 16:21:03 GMT)

Petters case drains supply of bankruptcy attorneys
ST. PAUL - It could take every bankruptcy lawyer in the Twin Cities to help untangle the financial mess caused by the fall of businessman Tom Petters. (Thu, 25 Dec 2008 00:55:10 GMT)

Sanlu goes into bankruptcy proceedings
Shijiazhuang city government said this morning that Sanlu, in which it has a controlling interest, is going into bankruptcy proceedings with a total debt of 2.66 billion yuan ($388 million) against assets valued at 1.56 billion yuan. (Thu, 25 Dec 2008 06:45:49 GMT)

Flying J owner files for bankruptcy
LAS CRUCES -- The Ogden, Utah-based oil company Flying J Inc. -- which operates 250 travel plazas in El Paso and Anthony in Texas, as well as truck stops in Lordsburg, Tucumcari and Albuquerque in New Mexico -- filed a petition for Chapter 11 bankruptcy protection Monday in Delaware. (Thu, 25 Dec 2008 07:08:25 GMT)

Scandal-tainted Sanlu files for bankruptcy
Sanlu Group, the company at the center of China's tainted infant formula scandal, has filed for bankruptcy. (Thu, 25 Dec 2008 07:35:37 GMT)

Car Bankruptcy Cited as Option by White House
A Bush administration official said a managed bankruptcy would be a last resort if an agreement for a voluntary overhaul could not be reached. (Thu, 25 Dec 2008 09:35:22 GMT)

Flying J files for bankruptcy protection
Flying J, which operates 250 travel plazas and fuel stations in 41 states, filed for Chapter 11 bankruptcy protection Monday in Delaware. (Thu, 25 Dec 2008 11:07:06 GMT)

China milk scandal firm submits bankruptcy application
A Chinese court has accepted a bankruptcy petition for Sanlu Group which was at the center of a tainted milk scandal and is facing huge debts, an official said Thursday. Wang Jianguo, spokesman for the city government of Hebei provincial capital Shijiazhuang, said that the Intermediate People's Court of Shijiazhuang City has accepted the petition of clearing made by the Hepingxi Road branch of ... (Thu, 25 Dec 2008 14:38:10 GMT)

Whatever Happened To? WCI tries to emerge from bankruptcy
Uncertainty remains for WCI Communities as the developer reaches the halfway point in its reorganization efforts. The Bonita Springs-based home builder, failing under the weight of about $2 billion in debt, filed for Chapter 11 bankruptcy protection in August. The company must present its reorganization plans by April 1. (Thu, 25 Dec 2008 19:45:35 GMT)

China milk scandal firm submits bankruptcy application
A Chinese court has accepted a bankruptcy application from Sanlu Group which was at the center of a tainted milk scandal and is facing huge debts, an official said on Thursday. (Fri, 26 Dec 2008 00:06:44 GMT)

Tainted milk company in bankruptcy
BEIJING, Dec. 26 (UPI) -- Sanlu Group, a Chinese company involved in the tainted infant formula scandal, has filed for bankruptcy, CNN reported. (Fri, 26 Dec 2008 05:25:54 GMT)

Tainted milk company in bankruptcy
Sanlu Group, a Chinese company involved in the tainted infant formula scandal, has filed for bankruptcy, CNN reported. A court in Shijiazhuang, China, where Sanlu Group is based, told CNN it has received the company's application for bankruptcy. (Fri, 26 Dec 2008 05:36:13 GMT)

PSC wants NorthWestern fined over bankruptcy rules
HELENA - The Montana Public Service Commission says it will seek fines of more than $750,000 against NorthWestern Corp., alleging the company violated terms of a 2004 bankruptcy stipulation. (Fri, 26 Dec 2008 05:54:15 GMT)

Flying J files for bankruptcy protection
Flying J, which operates 250 travel plazas and fuel stations in 41 states, filed for Chapter 11 bankruptcy protection Monday in Delaware. (Fri, 26 Dec 2008 09:22:06 GMT)

Chinese court issues bankruptcy order against Sanlu
Fonterra Co-operative Group, a New-Zealand-based manufacturer of dairy products, has confirmed that a court in Shijiazhuang China has issued a bankruptcy order against Sanlu, in which Fonterra has a 43% shareholding, as a response to a petition from a creditor. (Fri, 26 Dec 2008 11:17:26 GMT)

Flying J files for bankruptcy protection
Flying J, which operates 250 travel plazas and fuel stations in 41 states, filed for Chapter 11 bankruptcy protection Monday in Delaware. (Fri, 26 Dec 2008 11:22:06 GMT)

Blue Ridge Shadows files for bankruptcy
On Dec.1 Blue Ridge Shadows Hotel and Conference Center LLC and Blue Ridge Shadows LLC, which handles the neighboring golf course, filed for Chapter 11 bankruptcy in U.S. Bankruptcy Court in Harrisonburg. (Fri, 26 Dec 2008 16:10:54 GMT)

Baltimore Opera files for bankruptcy
BALTIMORE - The Baltimore Opera Company has filed for bankruptcy. According to court records, the 58-year-old company filed for bankruptcy reorganization protection Tuesday. (Fri, 26 Dec 2008 18:31:20 GMT)

EnCap bankruptcy hearing postponed until January
The ongoing and seemingly never-ending saga surrounding the proposed EnCap development project became even longer last week, when a key bankruptcy hearing, originally scheduled for Dec. 30, has been postponed for another month, now pushed to the end of January. (Fri, 26 Dec 2008 19:46:26 GMT)

Bankruptcy steals glitter from gift cards
Dear Scott: Is there any truth to reports that giving gift cards may be a bad idea because so many stores are closing locations or filing bankruptcy and closing altogether? (Sat, 27 Dec 2008 10:15:16 GMT)

Chapter 11 bankruptcy delays fuel deliveries at Flying J
Yellow tape and plastic bags replaced the usual steady stream of traffic flowing in and out of the Flying J in Middlesex Township this past week. (Sat, 27 Dec 2008 13:15:15 GMT)

Flying J files for Chapter 11 bankruptcy
“Business as usual.” Those are the words from the corporate office of Flying J Inc., an oil refiner, transporter and travel-center owner, which filed for bankruptcy earlier this week in Wilmington, Del. (Sat, 27 Dec 2008 15:07:16 GMT)

Bankruptcy sheds light on industry
A $150 billion industry used by investors to defer taxes on the sale of investment property is unregulated. Efforts to change that on a federal level have gone unheeded. The trade organization Federation of Exchange Accommodators petitioned the Federal Trade Commission in August 2007 to come up with registration and certification standards for the industry after a company in New York left more ... (Sun, 28 Dec 2008 05:07:43 GMT)

Flying J Inc. files for bankruptcy
EVANSDALE --- Business at the Evansdale Flying J continued as usual despite its parent company, Flying J Inc., filing for bankruptcy Monday. (Sun, 28 Dec 2008 12:20:50 GMT)

Brown has brought Britain to the brink of bankruptcy
David Cameron has attacked Gordon Brown for the debt crisis that has brought Britain to the brink of bankruptcy. He urged Mr. Brown to take responsibility for his actions and not try to pin the blame on America. (Sun, 28 Dec 2008 12:51:03 GMT)

Retailer winds down as bankruptcy takes hold
LONDON - About 200 Woolworths stores in Britain have shut their doors for good. The stores that closed on Saturday represent about a quarter of the company's shops. (Sun, 28 Dec 2008 15:13:04 GMT)

Adams appears headed for form of bankruptcy
British children's clothing retailer Adams said Sunday it has taken a step toward filing for bankruptcy protection. (Sun, 28 Dec 2008 15:18:00 GMT)

Adams appears headed for form of bankruptcy
British children's clothing retailer Adams said Sunday it has taken a step toward filing for bankruptcy protection. The 75-year-old company submitted court papers last week indicating it planned to appoint administrators. (Sun, 28 Dec 2008 15:18:00 GMT)

Adams appears headed for form of bankruptcy
British children's clothing retailer Adams said Sunday it has taken a step toward filing for bankruptcy protection. The 75-year-old company submitted court papers last week indicating it planned to appoint administrators. That is a preliminary step to going... (Sun, 28 Dec 2008 15:40:04 GMT)

Nine Dragons Denies Reports of Imminent Bankruptcy (Update2)
Dec. 29 (Bloomberg) -- Nine Dragons Paper (Holdings) Ltd. , China’s biggest maker of containerboard used in packaging, denied media reports that it would declare bankruptcy at year-end, and said its finances are fine. (Mon, 29 Dec 2008 08:29:41 GMT)

UK retailer Adams on the brink of bankruptcy
British children's clothing retailer Adams Childrenswear Ltd. is on the brink of a form of bankruptcy protection, a spokeswoman for the 75-year-old company said Monday, which would make make Adams the latest well-known British retailer to fall victim to the economic downturn. (Mon, 29 Dec 2008 12:01:37 GMT)

Parent Co. files for Ch. 11 bankruptcy protection
Struggling retailer Parent Co. said it has voluntarily filed for Ch. 11 bankruptcy protection and will consider selling some or all of its operations. (Mon, 29 Dec 2008 12:24:11 GMT)

Parent Co. Enters Bankruptcy, Plans Asset Sale as Sales Slump
Dec. 29 (Bloomberg) -- The Parent Co. , an owner of Web sites that offer products and information for parents, entered bankruptcy protection with a plan to sell its assets at auction after sales plunged. (Mon, 29 Dec 2008 14:15:25 GMT)

DHP Holdings, Maker of Heaters, Files for Bankruptcy Protection
Dec. 29 (Bloomberg) -- DHP Holdings II Corp., a maker of heating appliances based in Bowling Green, Kentucky, filed for Chapter 11 bankruptcy protection, citing the slowing U.S. economy and difficulties in obtaining credit. (Mon, 29 Dec 2008 14:15:35 GMT)

Heller Ehrman Put Into Bankruptcy by Dissolution Committee
Dec. 29 (Bloomberg) -- Heller Ehrman LLP , the California law firm that dissolved in September, was put into bankruptcy by the committee formed to wind up the business. (Mon, 29 Dec 2008 14:15:45 GMT)

Lehman bankruptcy filing wiped out billions: report
Lehman Brothers Holdings Inc's emergency bankruptcy filing wiped out as much as $75 billion of potential value for creditors, The Wall Street Journal reported on Monday, citing an analysis by the bank's restructuring advisers. (Mon, 29 Dec 2008 14:35:27 GMT)

DHP Holdings, Maker of Heaters, Files Bankruptcy (Update1)
Dec. 29 (Bloomberg) -- DHP Holdings II Corp., a maker of heating appliances based in Bowling Green, Kentucky, filed for bankruptcy, citing the slowing U.S. economy and difficulty in obtaining credit. (Mon, 29 Dec 2008 16:00:51 GMT)

Clothing company goes into bankruptcy protection
British clothing company USC filed for a form of bankruptcy protection Monday, as the economic downturn claimed another major UK retailer. (Mon, 29 Dec 2008 16:20:34 GMT)

Clothing company goes into bankruptcy protection
British clothing company USC filed for a form of bankruptcy protection Monday, as the economic downturn claimed another major UK retailer. Edinburgh, Scotland-based USC, a retailer that sells clothing brands such as Diesel, Lacoste and Ted Baker in Britain,... (Mon, 29 Dec 2008 16:54:58 GMT)

Britain: Children?s Clothing Retailer Near Bankruptcy
A British children?s clothing retailer, Adams Childrenswear, was on the brink of a form of bankruptcy protection, a spokeswoman for the company said. (Tue, 30 Dec 2008 01:00:37 GMT)

Banks and Landlord Blamed in Heller Bankruptcy
Heller's attorney blames bank intransigence and a landlord's "ridiculous" move for the firm's bankruptcy decision. Two banks are short $6 million, a San Francisco landlord is looking at $30 million less than a court said it was owed, and the finger-pointing has begun. (Tue, 30 Dec 2008 08:02:49 GMT)

Lehman bankruptcy filing wiped out billions: report
Lehman Brothers Holdings Inc's emergency bankruptcy filing wiped out as much as $75 billion of potential value for creditors, The Wall Street Journal reported on Monday, citing an analysis by the bank's restructuring advisers. (Tue, 30 Dec 2008 08:50:14 GMT)

Gimotive/Stankiewicz seeks bankruptcy
Gimotive/Stankiewicz GmbH, a supplier of soundproofing insulation used by auto makers, has sought bankruptcy protection, the district court where it was filed said Tuesday. (Tue, 30 Dec 2008 10:23:41 GMT)

Chesapeake Corp. files for bankruptcy protection
Specialty packaging company Chesapeake Corp. has filed for Chapter 11 bankruptcy protection and plans to sell itself to a group of investors for about $485 million. The company's stock, which is traded over-the-counter, closed at 6 cents Monday, well off the $... (Tue, 30 Dec 2008 12:54:53 GMT)

Chesapeake Corp. files for bankruptcy protection
Specialty packaging company Chesapeake Corp. has filed for Chapter 11 bankruptcy protection and plans to sell itself to a group of investors for about $485 million. (Tue, 30 Dec 2008 13:31:03 GMT)

Pilgrim's Pride in bankruptcy court hearings
Battered chicken producer Pilgrim's Pride Corp. appears in Texas federal court on Tuesday for continued bankruptcy hearings. (Tue, 30 Dec 2008 14:33:44 GMT)

Olan Mills goes into bankruptcy
LONDON, Dec. 30 (UPI) -- British portrait firm Olan Mills Photography said it had collapsed into administration (similar to bankruptcy) and customers feared losing gifts they paid for. (Tue, 30 Dec 2008 16:09:26 GMT)

Chesapeake Corp. files for bankruptcy protection
Richmond-based Chesapeake Corp. has filed for Chapter 11 bankruptcy protection and plans to sell itself to a group of investors for about $485 million. The specialty packaging company is seeking to sell its assets to investors including Irving Place Capital Management LP and Oaktree Capital Management LP, which plan to continue the company’s operations. (Tue, 30 Dec 2008 16:24:48 GMT)

Bankruptcy court judge approves transfer of $28 million to trustee liquidating Madoff firm
NEW YORK - A U.S. Bankruptcy Court judge on Tuesday approved the transfer of $28.1 million to cover expenses tied to the liquidation of Bernard Madoff's investment firm. (Tue, 30 Dec 2008 16:39:53 GMT)

Lehman Brothers Seeks Bankruptcy Extension
Lehman Brothers Holdings Inc (LEH) has asked a U.S. bankruptcy court for a six-month extension to file its Chapter 11 bankruptcy plan, saying the case is large and complex and it would need more time. (Wed, 31 Dec 2008 14:18:41 GMT)

UK retailer Adams goes into a form of bankruptcy
British children's clothing retailer Adams Childrenswear Ltd. went into a form of bankruptcy on Wednesday, making it the latest well-known British retailer to fall victim to the economic downturn. (Wed, 31 Dec 2008 15:13:19 GMT)

LyondellBasell considers bankruptcy: report
LyondellBasell Industries AF SCA has told lenders it is considering filing for bankruptcy protection, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. (Wed, 31 Dec 2008 15:19:31 GMT)

LyondellBasell says bankruptcy is an option
LyondellBasell Industries AF, the world's third-largest independent chemical company, said Wednesday bankruptcy protection is an option as a broadening recession reduces demand for its products. "We are looking to restructure our debt, and we are looking at... (Wed, 31 Dec 2008 15:54:53 GMT)

LyondellBasell says bankruptcy is an option
LyondellBasell Industries, the world's third-largest independent chemical company, says bankruptcy protection is an option as a broadening recession cuts into demand for it products. (Wed, 31 Dec 2008 16:18:46 GMT)

LyondellBasell considers bankruptcy filing
LyondellBasell, the world's third-largest petrochemical company, is considering filing for Chapter 11 bankruptcy as part of its efforts to restructure debt, a company spokeswoman said on Wednesday. (Wed, 31 Dec 2008 16:19:21 GMT)

LyondellBasell considers bankruptcy filing
LyondellBasell, the world's third-largest petrochemical company, is considering filing for Chapter 11 bankruptcy as part of its efforts to restructure debt, a company spokeswoman said on Wednesday. (Wed, 31 Dec 2008 16:22:11 GMT)

LyondellBasell says bankruptcy is an option
LyondellBasell Industries AF, the world's third-largest independent chemical company, said Wednesday bankruptcy protection is an option as a broadening recession reduces demand for its products. (Wed, 31 Dec 2008 16:23:32 GMT)

Q Vara, Estonian Property Firm, Files for Bankruptcy Protection
Dec. 31 (Bloomberg) -- AS Q Vara, an Estonian property developer, filed for bankruptcy protection a day after its creditors said they will sell collateral backing the company’s bond issue. (Wed, 31 Dec 2008 16:32:54 GMT)

LyondellBasell says bankruptcy is an option
NEW YORK - LyondellBasell Industries AF, the world's third-largest independent chemical company, said Wednesday bankruptcy protection is an option as a broadening recession... (Wed, 31 Dec 2008 16:36:13 GMT)

Skadden, Cadwalader Reportedly on Next Chemical Maker Bankruptcy
As we roll into 2009, it's clear the bankruptcy filings won't stop. On Monday, it was the Parent Co. , an online retailer specializing in children's toys. (Wed, 31 Dec 2008 16:57:01 GMT)

LyondellBasell says bankruptcy is an option
LyondellBasell Industries, the world's third-largest independent chemical company, said Wednesday that bankruptcy protection is an option as a broadening recession eats away demand for its products. (Wed, 31 Dec 2008 18:34:53 GMT)

LyondellBasell considers bankruptcy filing
LyondellBasell, the world's third-largest petrochemical company, is considering filing for Chapter 11 bankruptcy protection as it tries to restructure debt, a company spokeswoman said on Wednesday. (Wed, 31 Dec 2008 18:42:56 GMT)

Bankruptcy an option for chem giant LyondellBasell
LyondellBasell Industries, the world's third-largest independent chemical company, said Wednesday that it its considering bankruptcy protection as a broadening recession eats away at consumer demand. (Wed, 31 Dec 2008 20:54:43 GMT)

Lehman Bankruptcy Triggers Loss in Retirement Fund (Update1)
Dec. 31 (Bloomberg) -- Lehman Brothers Holdings Inc. employees who put retirement money in a stable-value fund suffered their first losses because the securities firm’s bankruptcy stripped the fund of insurance protection. (Wed, 31 Dec 2008 21:27:30 GMT)

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