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Home > Bankruptcy News

Bankruptcy News Jan 2009

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Vinboy in bankruptcy
A bankruptcy filing by owners of an Olivehurst mobile home park — who hadn't paid PG&E bills and according to a lawsuit had left residents without laundry facilities after a water pipe broke — complicates an already long trail of litigation and regulation, says an attorney for residents. (Sun, 18 Jan 2009 08:08:04 GMT)

Nunheimer: LyondellBasell bankruptcy should have little local impact
Officials at the LyondellBasell plant east of Morris expect business to continue as usual, despite the corporate bankruptcy filing. (Sun, 18 Jan 2009 08:17:01 GMT)

15th-biggest paper seeks bankruptcy protection
MINNEAPOLIS — The Star Tribune says it's not looking for the financing that companies often seek during bankruptcy protection. (Sun, 18 Jan 2009 08:22:51 GMT)

LyondellBasell files for bankruptcy protection
Chemical giant LyondelBasell Industries officially filed for Chapter 11 bankruptcy protection in the state of New York Tuesday as part of an attempt to restructure the company’s debt and combat a sharp decline in demand for its products. (Sun, 18 Jan 2009 09:35:05 GMT)

LyondellBasell files for bankruptcy
LyondellBasell, one of the North Channel area’s leading employers, has filed for Chapter 11 bankruptcy in an effort to restructure its debt, according to Susan Moore, a company spokesman. (Sun, 18 Jan 2009 09:40:47 GMT)

Bankruptcy for Smurfit-Stone?
The Wall Street Journal reported Thursday that Smurfit-Stone Container Corp. has told lenders it could file for bankruptcy within two weeks. Its stock plunged to 8 cents a share from 36 cents a share Wednesday. (Sun, 18 Jan 2009 13:23:45 GMT)

Tropicana submits reorganization plans in Delaware bankruptcy court
Casino operator Tropicana Entertainment has submitted reorganization plans in U.S. Bankruptcy Court in Wilmington. (Sun, 18 Jan 2009 13:39:08 GMT)

Bankruptcy court seeks new judges as cases soar
The federal bankruptcy court for North Georgia is seeking two more badly needed judges as it grapples with a big spike in cases. (Mon, 19 Jan 2009 05:26:01 GMT)

Nortel Files for Bankruptcy Protection
Network equipment vendor Nortel and some of its subsidiaries have filed for bankruptcy protection in Canada and the US as the financial crisis compounds its problems. (Mon, 19 Jan 2009 06:45:19 GMT)

Litigation, bankruptcy likely to be hot practices in 2009
Local law firm chiefs differ on many points, but most concur that litigation and bankruptcy are the practice areas sure to see increased action in 2009, given the dicey economy. (Mon, 19 Jan 2009 07:35:23 GMT)

Bankruptcy filings increase in Oklahoma
Medical expenses and divorce are the primary reasons for an increase in bankruptcy filings in Oklahoma last year. (Mon, 19 Jan 2009 10:37:59 GMT)

Nortel bankruptcy filing enables radical change: Ovum
LONDON: Nortel Networks moved beyond talk of divestiture and speculation of bankruptcy, and filed for creditor protection in Canada and the US, with Nortel UK entering administration separately under a filing managed by Ernst & Young. (Mon, 19 Jan 2009 10:46:25 GMT)

Retired judge slams federal bankruptcy regulator
A former judge has largely exonerated a veteran Ottawa bankruptcy trustee accused of professional misconduct, criticizing federal investigators in the process, within a recent ruling. (Mon, 19 Jan 2009 11:10:23 GMT)

Nortel's Bankruptcy Filing Enables Radical Change, and Not Just at Nortel
On 14 January 2009, Nortel Networks moved beyond talk of divestiture and speculation of bankruptcy, and filed for creditor protection in Canada and the US, with Nortel UK entering administration separately under a filing managed by Ernst & Young. (Mon, 19 Jan 2009 13:25:38 GMT)

(AFX UK Focus) 2009-01-19 14:52 Lithuanian carrier grounds flights, eyes bankruptcy
VILNIUS, Jan 19 (Reuters) - Lithuanian carrier flyLAL, which counts Scandinavian airline SAS among its competitors, said on Monday it was considering filing for bankruptcy after grounding flights and failing to sell itself to a Swiss fund. The airline, the former state-owned carrier which was privatised in 2005 by local businessmen, had just two weeks ago said fund Swiss Capital Holding was ... (Mon, 19 Jan 2009 15:19:03 GMT)

MedcomSoft enters bankruptcy protection
TORONTO — Health-care software provider MedcomSoft Inc. has succumbed to its financial miseries, proceeding into bankruptcy after failing to reach an agreement with creditors. (Mon, 19 Jan 2009 15:22:19 GMT)

Nunheimer: LyondellBasell bankruptcy should have little local impact
Officials at the LyondellBasell plant east of Morris expect business to continue as usual, despite the corporate bankruptcy filing. (Mon, 19 Jan 2009 16:16:02 GMT)

Traffic Stats Foretold Circuit City Bankruptcy
Let's acknowledge right now that there is a certain chestnut concerning hindsight and 20/20 vision.  That said, an analysis of traffic data is starting to make it look like Circuit City's bankruptcy was, if not inevitable, at least not a completely random event. read more (Mon, 19 Jan 2009 21:47:18 GMT)

LyondellBasell files for bankruptcy
LyondellBasell, one of the North Channel area’s leading employers, has filed for Chapter 11 bankruptcy in an effort to restructure its debt, according to Susan Moore, a company spokesman. (Tue, 20 Jan 2009 07:33:52 GMT)

Concrete supplier attributes bankruptcy to wrongly anticipating construction boom
The leading supplier of concrete in Westchester County said in federal Bankruptcy Court papers that its fortunes faltered after it expanded to meet an expected construction boom in 2005 and 2006, only to see the market fall in 2008. (Tue, 20 Jan 2009 07:44:49 GMT)

Nunheimer: LyondellBasell bankruptcy should have little local impact
Officials at the LyondellBasell plant east of Morris expect business to continue as usual, despite the corporate bankruptcy filing. (Tue, 20 Jan 2009 08:45:33 GMT)

Bankruptcy and car repossession
In bankruptcy, couple can probably say so long to debt on a repossessed vehicle, says the Bankruptcy Adviser. (Tue, 20 Jan 2009 11:00:00 GMT)

LBO Alchemy Ruining Ineos, Georgia Gulf, May Force Bankruptcy
Jan. 20 (Bloomberg) -- Ineos Group Holdings, Georgia Gulf Corp. and Chemtura Corp. are crashing on a mountain of takeover debt and may follow Lyondell Chemical Co. into bankruptcy, trading in their bonds shows. (Tue, 20 Jan 2009 12:16:19 GMT)

Singapore Amends Law to Help People Avoid Bankruptcy Amid Slump
Jan. 20 (Bloomberg) -- Singapore, facing its worst economic slump in four decades, changed its law to help people avoid bankruptcy as job losses and loan defaults rise. (Tue, 20 Jan 2009 12:41:37 GMT)

Gottschalks granted approval for bankruptcy financing
Wilmington - Gottschalks Inc. announced that it has received approval for all of its first day motions from the United States Bankruptcy Court for the District of Delaware. (Tue, 20 Jan 2009 14:06:07 GMT)

Former prosecutor chosen to examine Lehman bankruptcy
The federal government's bankruptcy overseer chose Anton Valukas, a former federal prosecutor and a specialist in white collar crime, as the examiner in the Lehman Brothers bankruptcy case on Tuesday. (Tue, 20 Jan 2009 15:26:50 GMT)

Checker Motors Files For Bankruptcy After 87 Years Of Business [Carpocalypse Now]
The Carpocalypse strikes again. Out of Kalamazoo, MI comes news Checker Motors, producers of the iconic Checker Cab, has filed for Chapter 11 bankruptcy. The company stopped making cabs 25 years ago... (Tue, 20 Jan 2009 16:20:42 GMT)

Examiner Named in Lehman Bankruptcy
Mr. Valukas, the chairman of law firm Jenner & Block in Chicago, has been selected as the court-appointed examiner in the Lehman bankruptcy case, according to documents made public Monday. (Tue, 20 Jan 2009 19:12:17 GMT)

SonicBlue Bankruptcy Case Heads for Mediator
A judge has ordered mediation talks in February for Pillsbury Winthrop Shaw Pittman in its dispute with the trustee of the SonicBlue bankruptcy case over the firm's failure to disclose a conflict of interest. The trustee wants Pillsbury to return $4.2 million in fees and pay compensatory damages of $11 million, alleging malpractice and breach of fiduciary duty. Pillsbury failed to disclose a ... (Wed, 21 Jan 2009 03:42:24 GMT)

Utah bankruptcy filings climb 47#x25
Bankruptcy filings in Utah increased 47 percent in 2008 compared to 2007, and financial experts say that a combination of foreclosures, medical bills and lost jobs are likely to blame. (Wed, 21 Jan 2009 07:07:10 GMT)

SonicBlue Bankruptcy Case Heads for Mediator
A judge has ordered mediation talks in February for Pillsbury Winthrop Shaw Pittman in its dispute with the trustee of the SonicBlue bankruptcy case over the firm's failure to disclose a conflict of interest. (Wed, 21 Jan 2009 08:02:40 GMT)

Dewey Lands Weil Gotshal Bankruptcy Partner
Dewey & LeBoeuf's efforts to build a sought-after bankruptcy practice took a significant step Tuesday with the hire of Weil Gotshal partner Michael Kessler, who joins the business solutions and governance practice in New York. (Wed, 21 Jan 2009 08:02:40 GMT)

Festival organizers file for bankruptcy
PORTSMOUTH, Va. (AP) - A nonprofit group that operated a Portsmouth cultural festival has filed for bankruptcy. TodiMusicFest closed last year because of financial troubles and organizers filed for bankruptcy this month. (Wed, 21 Jan 2009 12:53:40 GMT)

Nortel retirees worry about pensions after bankruptcy-protection filing
A group of retirees is worried their pensions are in jeopardy after Nortel, their former employer, filed for bankruptcy protection last week. (Wed, 21 Jan 2009 13:00:45 GMT)

Portsmouth festival organizers file for bankruptcy
Music festival files for bankruptcy (Wed, 21 Jan 2009 13:35:15 GMT)

Payday Loans Do Not Cause Bankruptcy, Clemson University Study Finds
Payday loans do not cause bankruptcy, according to a recent study by economists at Clemson University. (Wed, 21 Jan 2009 14:23:55 GMT)

Resort on Daufuskie Island files for bankruptcy
The owner of the financially struggling resort and spa on Daufuskie Island filed for bankruptcy protection Tuesday amid declining revenue and litigation over efforts to sell parts of the sprawling remote getaway. (Wed, 21 Jan 2009 16:28:02 GMT)

WaMu asks court for more time to file bankruptcy plan
Jan 21 (Reuters) - Washington Mutual has asked a U.S. bankruptcy court for a 90-day extension to file its Chapter 11 bankruptcy plan, according to court documents. (Wed, 21 Jan 2009 19:19:58 GMT)

Daufuskie Island resort files bankruptcy
CHARLESTON — The owner of the financially struggling resort and spa on Daufuskie Island filed for bankruptcy protection Tuesday amid declining revenue and litigation over efforts to sell parts of the sprawling remote getaway. Hilton Head Island-based Daufuskie Island Properties LLC, which owns the historic Melrose Inn and does business as Daufuskie Island Resort & Breathe Spa, listed assets of ... (Thu, 22 Jan 2009 05:11:36 GMT)

Nunheimer: LyondellBasell bankruptcy should have little local impact
Officials at the LyondellBasell plant east of Morris expect business to continue as usual, despite the corporate bankruptcy filing. (Thu, 22 Jan 2009 06:13:07 GMT)

Hotel developer to declare bankruptcy
Partners in Conneaut’s Cleveland Hotel restoration project may be poised to declare personal bankruptcy, according to reports. (Thu, 22 Jan 2009 06:22:05 GMT)

Daufuskie Island resort files for bankruptcy
The owners of the struggling Daufuskie Island Resort & Breathe Spa filed for bankruptcy Tuesday, leaving uncertain the fate of one of the island's largest employers and a list of more than 400 creditors. (Thu, 22 Jan 2009 06:53:20 GMT)

Concrete supplier attributes bankruptcy to wrongly anticipating construction boom
The leading supplier of concrete in Westchester County said in federal Bankruptcy Court papers that its fortunes faltered after it expanded to meet an expected construction boom in 2005 and 2006, only to see the market fall in 2008. (Thu, 22 Jan 2009 07:58:07 GMT)

Creative Loafing Bankruptcy Hearing Gets Moved to March (Association of Alternative Newsweeklies
The company's bankruptcy case was supposed to have a day-long hearing to decide whether the judge should allow CL's biggest creditors -- Atalaya Administrative LLC and Atalaya Funding II LP -- to declare its loans in default and take immediate ownership of the company from CEO Ben Eason. (Thu, 22 Jan 2009 13:49:25 GMT)

AtheroGenics Provides Update on Bankruptcy Proceedings
AtheroGenics, Inc., a pharmaceutical company focused on the treatment of chronic inflammatory diseases, today provided an update on its bankruptcy proceedings, during which it expects to sell the company and/or its key assets. (Thu, 22 Jan 2009 14:00:00 GMT)

Gottschalks granted approval for bankruptcy financing
Wilmington - Gottschalks Inc. announced that it has received approval for all of its first day motions from the United States Bankruptcy Court for the District of Delaware. (Thu, 22 Jan 2009 14:13:10 GMT)

Gooch's Power Sports files for Chapter 11 bankruptcy
Madison-based Gooch's Power Sports Inc., one of the area's largest used and motorcycle and all terrain vehicle dealers, has filed for Chapter 11 bankruptcy protection. (Thu, 22 Jan 2009 15:55:29 GMT)

CPI Plastics of Canada Seeks Bankruptcy Blaming U.S. Recession
Jan. 21 (Bloomberg) -- CPI Plastics Group Ltd. , the plastics maker based in Mississauga, Ontario, sought bankruptcy protection in Canada and the U.S., blaming the deepening U.S. recession and rising prices of raw materials. (Fri, 23 Jan 2009 05:29:18 GMT)

Bankruptcy Bill May Hurt Banks on Mortgage-Bond Quirk (Update1)
Jan. 21 (Bloomberg) -- A proposed change to bankruptcy law to allow judges to reduce homeowners’ mortgages may boost the capital needs of banks and insurers by hundreds of billions of dollars, First Pacific Advisors LLC’s Julian Mann said. (Fri, 23 Jan 2009 06:13:02 GMT)

German chipmaker Qimonda declares bankruptcy
German memory-chip maker Qimonda AG declared bankruptcy Friday, saying a rescue package of loans agreed last month was insufficient to keep it viable. Qimonda said a massive drop in prices of the dynamic random access memory chips it produces and decreased... (Fri, 23 Jan 2009 09:40:03 GMT)

Chipmaker Qimonda Files for Bankruptcy
Qimonda, off which 77.5% is owned by Infineon, declared bankruptcy Friday, just a month after receiving a rescue package of millions of euros in loans. (Fri, 23 Jan 2009 10:05:53 GMT)

Qimonda files for bankruptcy
Qimonda AG, the distressed German memory-chip maker majority-owned by Infineon Technologies AG, on Friday says it has filed for bankruptcy, barely a month after it secured 325 million euros ($422 million) in emergency loans. (Fri, 23 Jan 2009 10:43:52 GMT)

DRAM Maker Qimonda Files for Bankruptcy
DRAM maker Qimonda filed a bankruptcy petition with the local court in Munich, Germany, on Friday, seeking time to reorganize its business. (Fri, 23 Jan 2009 12:00:13 GMT)

DRAM Maker Qimonda Files for Bankruptcy
Qimonda filed for bankruptcy with a local court in Munich, Germany on Friday, becoming the first DRAM maker to do so. (Fri, 23 Jan 2009 12:05:40 GMT)

German chipmaker Qimonda declares bankruptcy
German memory-chip maker Qimonda AG declared bankruptcy Friday, saying a rescue package of loans agreed last month was insufficient to keep it viable. (Fri, 23 Jan 2009 14:18:55 GMT)

Qimonda files for bankruptcy
German memory-chip maker Qimonda AG declared bankruptcy today, saying a rescue package of loans agreed to last month was insufficient to keep it viable. Qimonda, headquartered in Munich, has a large manufacturing facility in eastern Henrico County. (Fri, 23 Jan 2009 14:32:23 GMT)

UPDATE: Qimonda Files For Bankruptcy
LONDON (Dow Jones) -- Qimonda AG, the distressed German memory-chip maker majority-owned by Infineon Technologies AG, on Friday said it has filed for bankruptcy, barely a month after it secured 325 million euros ($422 million) in emergency loans. (Fri, 23 Jan 2009 16:31:58 GMT)

Bankruptcy court review of Cubs team sale appears likely
NEW YORK - Although the Chicago Cubs aren't part of Tribune Co.'s Chapter 11 bankruptcy filing, experts say a federal court overseeing the case is likely to review the baseball team's impending sale anyway. (Fri, 23 Jan 2009 23:17:00 GMT)

Cubs sale likely to be reviewed by bankruptcy court
NEW YORK (AP) -- Although the Chicago Cubs aren't part of Tribune Co.'s Chapter 11 bankruptcy filing, experts say a federal court overseeing the case is likely to review the baseball team's impending sale anyhow. (Sat, 24 Jan 2009 00:02:57 GMT)

Bankruptcy as a Step to Solvency
The idea of declaring bankruptcy may be unpleasant, but for many people right now it could be the best option. (Sat, 24 Jan 2009 03:55:05 GMT)

Clothier Hartmarx files for bankruptcy
Hartmarx Corp., the maker of suits favored by President Barack Obama , said it filed for federal bankruptcy reorganization late Friday. (Sat, 24 Jan 2009 14:56:01 GMT)

Obama's suit-maker files for Chapter 11 bankruptcy
The Chicago-based company that makes suits preferred by President Barack Obama has filed for bankruptcy. (Sat, 24 Jan 2009 15:01:53 GMT)

Obama's suit-maker files for Chapter 11 bankruptcy
The Chicago-based company that makes suits preferred by President Barack Obama has filed for bankruptcy. Hartmarx Corp. and its U.S. subsidiaries filed for Chapter 11 protection Friday. (Sat, 24 Jan 2009 15:01:53 GMT)

Chicago-based Hartmarx, Obama's suit-maker, seeks Chapter 11 bankruptcy protection
CHICAGO - The Chicago-based company that makes suits preferred by President Barack Obama has filed for bankruptcy. Hartmarx Corp. and its U.S. subsidiaries filed for Chapter 11 protection Friday. The company says its Canadian and other non-U.S. affiliates have not sought bankruptcy protection. (Sat, 24 Jan 2009 15:18:55 GMT)

Obama's suit-maker files for Chapter 11 bankruptcy
The Chicago-based company that makes suits preferred by President Barack Obama has filed for bankruptcy. Hartmarx Corp. and its U.S. subsidiaries filed for Chapter 11 protection Friday. The company says its Canadian and other non-U.S. affiliates have not... (Sat, 24 Jan 2009 15:39:54 GMT)

Obama's suit-maker files for Chapter 11 bankruptcy
CHICAGO - The Chicago-based company that makes suits preferred by President Barack Obama has filed for bankruptcy. Hartmarx Corp. and its U.S. subsidiaries filed for Chapter... (Sat, 24 Jan 2009 16:06:12 GMT)

Hartmarx files for bankruptcy protection
LOS ANGELES, Jan 23 (Reuters) - Apparel maker Hartmarx Corp said on Friday it and its U.S. subsidiaries filed for Chapter 11 bankruptcy protection, citing a substantial drop in demand for its products and an inability to secure financing. In a statement, Chicago-based Hartmarx said ... (Sat, 24 Jan 2009 16:46:24 GMT)

Qimonda bankruptcy poser for Malaysia
FRANKFURT, Jan 25 – After failed efforts to save chip manufacturer Qimonda from bankruptcy, some German experts are contemplating the possible impact on the company’s operations in Malaysia. The chip producer has made substantial investments in Malaysia. Qimonda’s ailing financial health has worsened and the company made a formal application on Friday for bankruptcy proceedings, a spokesman ... (Sun, 25 Jan 2009 04:19:58 GMT)

Bankruptcy opponents' lobbying expenses
The 2008 lobbying expenses on all issues by groups that oppose legislation to let bankruptcy judges alter terms of mortgages. The figures were compiled by the Center For Responsive Politics. They include subsidiary organizations of the parent group and lobbying firms hired by the organizations: (Sun, 25 Jan 2009 15:07:00 GMT)

Bankruptcy opponents' lobbying expenses
The 2008 lobbying expenses on all issues by groups that oppose legislation to let bankruptcy judges alter terms of mortgages. (Sun, 25 Jan 2009 15:07:00 GMT)

Turning to bankruptcy judges to stem foreclosures faces stiff resistance from lenders
WASHINGTON - Most congressional Democrats say the quickest way to save homeowners like Troy Butler of Saginaw, Mich., is to let them declare bankruptcy and allow judges to dictate new mortgage terms. (Sun, 25 Jan 2009 15:08:06 GMT)

Bankruptcy opponents' lobbying expenses
The 2008 lobbying expenses on all issues by groups that oppose legislation to let bankruptcy judges alter terms of mortgages. The figures were compiled by the Center For Responsive Politics. (Sun, 25 Jan 2009 15:23:10 GMT)

Bankruptcy opponents' lobbying expenses
The 2008 lobbying expenses on all issues by groups that oppose legislation to let bankruptcy judges alter terms of mortgages. The figures were compiled by the Center For Responsive Politics. They include subsidiary organizations of the parent group and lobbying firms hired by the organizations: -U.S. Chamber of Commerce: $57.9 million. -Mortgage Bankers Association: $3.8 million. (Sun, 25 Jan 2009 15:23:37 GMT)

Permalife, Rubber Mulch Maker, Files for Bankruptcy (Update1)
Jan. 25 (Bloomberg) -- Permalife Products LLC, maker of rubber mulch used to cover playgrounds and make sports fields softer, sought bankruptcy protection from creditors after defaulting on a loan. (Sun, 25 Jan 2009 16:50:08 GMT)

Bankruptcy fears grip U.S. auto-parts firms: report
Visteon Corp , one of Ford Motor Co's biggest parts suppliers, has hired legal and financial advisers to prepare for possible bankruptcy proceedings, the Wall Street Journal reported, quoting people familiar with the matter. (Mon, 26 Jan 2009 05:56:49 GMT)

Auto-parts Makers Aim To Avoid Bankruptcy Filings: Journal
Auto-parts Makers Aim To Avoid Bankruptcy Filings: Journal (Mon, 26 Jan 2009 11:13:24 GMT)

Smurfit-Stone files for chapter 11 bankruptcy
Smurfit-Stone Container Corp , a major corrugated packaging maker, said its U.S. and Canadian operations filed for chapter 11 bankruptcy protection to restructure its debt. (Mon, 26 Jan 2009 11:27:46 GMT)

Smurfit-Stone seeks bankruptcy protection
Smurfit-Stone Container Corp., the largest producer of cardboard box materials in North America, on Monday filed for Chapter 11 bankruptcy protection as it looks to restructure a heavy debt amid a global credit freeze. The Chicago-based company, which employs... (Mon, 26 Jan 2009 11:40:10 GMT)

Smurfit-Stone Seeks Bankruptcy Protection
Smurfit-Stone Container , the largest producer of cardboard box materials in North America, said Monday that it has filed for Chapter 11 bankruptcy protection as it looks to restructure a heavy debt. (Mon, 26 Jan 2009 12:54:13 GMT)

As Other Work Dries Up, Bankruptcy Becomes Lawyers’ Oasis
There sure do seem to be a lot of bankruptcy lawyers around these days, The New York Times’s Jonathan D. Glater observes. (Mon, 26 Jan 2009 13:24:23 GMT)

Smurfit-Stone, Cardboard Maker, Files for Bankruptcy (Update2)
Jan. 26 (Bloomberg) -- Smurfit-Stone Container Corp. , a maker of cardboard packaging and one of the world’s largest paper recyclers, filed for bankruptcy in the face of falling demand and heavy debt payments. (Mon, 26 Jan 2009 13:41:04 GMT)

Smurfit-Stone files for bankruptcy
Chicago-based Smurfit-Stone Container Corp., the largest producer of cardboard box materials in North America, said today it has filed for Chapter 11 bankruptcy protection as it looks to restructure a heavy debt.The company said it filed for protection from creditor claims while it develops a financial reorganization plan in the U.S. Bankruptcy Court in Wilmington, Del. Its Canadian units will ... (Mon, 26 Jan 2009 14:15:28 GMT)

Smurfit-Stone seeks bankruptcy protection
Smurfit-Stone Container Corp., the largest producer of cardboard box materials in North America, on Monday filed for Chapter 11 bankruptcy protection as it looks to restructure a heavy debt amid a global credit freeze. (Mon, 26 Jan 2009 14:35:44 GMT)

Auto-Parts Makers Fear Bankruptcy: Report
Some of the nation's largest auto-parts makers are planning for potential bankruptcy filings, or are scrambling to avoid them, amid uncertainty about the U.S. government's willingness to provide further funding to automakers. a report says. (Mon, 26 Jan 2009 14:52:14 GMT)

Lithuanian prosecutors asked to probe FlyLAL bankruptcy
Lithuanian authorities said Monday they have asked prosecutors to probe suspicions that intentional mismanagement drove the Baltic state's flagship airline FlyLAL into bankruptcy last week. (Mon, 26 Jan 2009 19:21:43 GMT)

Men’s Clothier Hartmarx Files for Bankruptcy
A little less than a week after President Obama was sworn in, the maker of his suits has filed for bankruptcy. Hartmarx filed for Chapter 11 protection on Monday in an Illinois federal bankruptcy court, citing a “substantial decline” in sales to consumers and retailers, especially at the higher end of its lines. (Mon, 26 Jan 2009 20:24:13 GMT)

Biggest box maker seeks bankruptcy
Smurfit-Stone Container Corp. filed for Chapter 11 bankruptcy protection as it looks to restructure a heavy debt load amid a global credit freeze. (Tue, 27 Jan 2009 10:40:52 GMT)

File for bankruptcy to get rid of car payment
The Bankruptcy Adviser says that filing for bankruptcy is only one way to solve a hefty car payment. (Tue, 27 Jan 2009 11:00:00 GMT)

File bankruptcy to get rid of car payment?
Dear Bankruptcy Adviser, I have a car that I financed in 2007. The monthly payments are extremely high and it's becoming more difficult to pay them. I currently owe about $21,000 and the Blue Book value for it is about $10,000. I tried to refinance, but with the negative equity, I do not qualify. (Tue, 27 Jan 2009 12:04:24 GMT)

Owner of M. Wile & Co. files for bankruptcy protection
Hartmarx Corp., the owner of Buffalo-born clothing maker M. Wile & Co., has filed for bankruptcy protection, citing a decline in apparel sales and an inability to borrow. (Tue, 27 Jan 2009 12:21:43 GMT)

Smurfit-Stone files for bankruptcy
NEW YORK -- Smurfit-Stone Container Corp., the largest producer of cardboard box materials in North America, on Monday filed for Chapter 11 bankruptcy protection as it looks to restructure a heavy debt amid a global credit freeze. (Tue, 27 Jan 2009 12:22:34 GMT)

Report: Charter hires advisers for possible bankruptcy filing
Charter Communications Inc. has hired law firm Kirkland & Ellis and investment bank Lazard Ltd. to advise on a possible bankruptcy, Bloomberg reported, citing people familiar with the matter. (Tue, 27 Jan 2009 14:54:29 GMT)

Dreier’s Creditors Seek to Force Him Into Bankruptcy (Update1)
Jan. 27 (Bloomberg) -- Three creditors sought to force Marc Dreier , the New York lawyer jailed since his arrest for allegedly cheating hedge funds of more than $400 million, into personal bankruptcy. (Tue, 27 Jan 2009 16:26:35 GMT)

Bankruptcy Legal Fees Hit $1,110 an Hour as Creditors Get Less
Jan. 27 (Bloomberg) -- Lawyers at Kirkland & Ellis LLP , home to former Whitewater prosecutor Ken Starr , are asking as much as $1,110 an hour for bankruptcy work even as creditors recover less of their loans from restructurings. (Tue, 27 Jan 2009 21:35:00 GMT)

Bankruptcy Fees Hit $1,110 an Hour as Creditors Lose (Update2)
Jan. 27 (Bloomberg) -- Lawyers at Kirkland & Ellis LLP , home to former Whitewater prosecutor Ken Starr , are asking as much as $1,110 an hour for bankruptcy work even as creditors recover less of their loans from company restructurings. (Tue, 27 Jan 2009 23:35:07 GMT)

Smurfit-Stone files for chapter 11 bankruptcy
- Smurfit-Stone Container Corp , a major corrugated packaging maker, said its U.S. and Canadian operations filed for chapter 11 bankruptcy protection to restructure its debt. (Wed, 28 Jan 2009 04:22:00 GMT)

2 KPNQwest bankruptcy trustees sue Qwest
Two bankruptcy trustees for Qwest Communications International Inc.'s Dutch joint venture KPNQwest N.V. filed a lawsuit Tuesday claiming that fraud and mismanagement by Qwest and three former executives led to the venture's financial ruin. (Wed, 28 Jan 2009 04:26:47 GMT)

Isleton hopes to avoid bankruptcy by authorizing bonds
The city of Isleton may have found a corner of relief in a landscape of bad economic news. Hammered by mounting debt and years of fiscal turmoil, the city says it now has an underwriter ready to back its proposal to issue $1.1 million in revenue bonds to avoid bankruptcy. The City Council tonight is expected to vote on authorizing Isleton's financing authority to issue the bonds, a step ... (Wed, 28 Jan 2009 08:07:48 GMT)

Bankruptcy Lawyers Seek $18.50 a Minute as Creditors Get Less
Jan. 28 (Bloomberg) -- Lawyers at Kirkland & Ellis LLP , home to former Whitewater prosecutor Ken Starr , are asking as much as $1,110 an hour for bankruptcy work while creditors are recovering less of their loans through company restructurings. (Wed, 28 Jan 2009 10:46:13 GMT)

Bankruptcy court OKs Smurfit-Stone's $550M DIP credit
Smurfit-Stone said Tuesday it received the relief it requested from the U.S. Bankruptcy Court in Wilmington, Del. (Wed, 28 Jan 2009 15:26:16 GMT)

Cox's bankruptcy has $1 million prize in limbo
The $1 million game show prize that Georgia schools Superintendent Kathy Cox won for charity last fall is in limbo because of the personal bankruptcy filing by Cox and her homebuilder husband. (Wed, 28 Jan 2009 15:34:09 GMT)

Ailing Fulton Homes files for bankruptcy
Fulton Homes, a company founded by one of the Valley's most generous philanthropists, sought legal protection from creditors Tuesday by filing for Chapter 11 bankruptcy reorganization. (Wed, 28 Jan 2009 16:18:41 GMT)

Parent Of J.J. Nissen Bakery Says It's Near Deal To Exit Bankruptcy
KANSAS CITY, Mo. (AP) -- The owner of the J.J. Nissen bakery says it has reached an agreement "in principle" needed for it to exit bankruptcy. (Wed, 28 Jan 2009 16:21:14 GMT)

Ahead of the Bell: Circuit City bankruptcy hearing
Circuit City Stores Inc. heads into U.S. Bankruptcy Court Thursday for a hearing on administrative expense claims and discontinuing its credit card program. (Thu, 29 Jan 2009 11:26:39 GMT)

Corps' bankruptcy hearing delayed
A hearing in the Spartans Drum & Bugle Corps bankruptcy case will be held today, after Wednesday's snowfall delayed the scheduled hearing. The Nashua institution filed for Chapter 11 protection last month. ... (Thu, 29 Jan 2009 13:18:48 GMT)

Frontier posts best December ever, eyes bankruptcy exit
Frontier Airlines posted a profit of $18.7 million in December, the airline's best-ever performance for the month, according to the Rocky Mountain News. The paper says "it's another indication that the homegrown company, which filed for bankruptcy protection last April,... (Thu, 29 Jan 2009 13:39:53 GMT)

Circuit City heads to bankruptcy court
Associated Press - January 29, 2009 8:35 AM ET RICHMOND, Va. (AP) - Circuit City is heading into U.S. Bankruptcy Court for a hearing on administrative expense claims and discontinuing its... (Thu, 29 Jan 2009 13:49:03 GMT)

Giant Carpet declares bankruptcy, closes shops
Giant Carpet, the 40-year-old chain of warehouse-style stores, has declared bankruptcy owing $5.2 million. In closing its 12 big-box stores in southern Ontario and has put about 100 people out of work. (Thu, 29 Jan 2009 14:21:41 GMT)

Cdn. Retailer Giant Carpet Declares Bankruptcy, A Victim Of Economic Downturn
The 40-year-old carpet and flooring chain has declared bankruptcy, saying it owes $5.2 million. (Thu, 29 Jan 2009 15:06:19 GMT)

Circuit City Heads To Bankruptcy Court
Circuit City is heading into U.S. Bankruptcy Court for a hearing on administrative expense claims and discontinuing its credit card program. (Thu, 29 Jan 2009 15:13:59 GMT)

Report: Is bankruptcy in the future for The Seattle Times?
The Stranger, Seattle's alt-weekly, this morning is reporting about the possibility of The Seattle Times filing for Chapter 11. On Wednesday, worries that the dominant Seattle daily may soon file for Chapter 11 bankruptcy protection crept out into the open... (Thu, 29 Jan 2009 16:14:08 GMT)

The bankruptcy myth
Bankruptcy is supposed to help people get back on their feet after a difficult financial patch. But new research suggests that people don't recover as easily as all that. In the next "voices of Economic Experience" series two experts on bankruptcy and consumer debt talk about what years of study tell us about how we're handling the burden of too much owed. (Thu, 29 Jan 2009 16:33:41 GMT)

Mortgage Bankruptcy Clears House Panel
The House Judiciary Committee approved legislation 21 to 15 that would let bankruptcy judges discharge mortgage debt to prevent foreclosures. (Thu, 29 Jan 2009 16:39:57 GMT)

Correction: Pilgrim's Pride-Bankruptcy story
In a Jan. 27 story about the Pilgrim's Pride bankruptcy, The Associated Press erroneously reported the salary of new president and chief executive Don Jackson. It is $1.5 million, not $1 million. (Thu, 29 Jan 2009 22:43:57 GMT)

Revealed: Octuplets' family had 'filed for bankruptcy and fled their home'
Revealed: Octuplets' family had 'filed for bankruptcy and fled their home' (Fri, 30 Jan 2009 10:52:40 GMT)

Vick bankruptcy lawyers set to return to Va. court
Michael Vick's bankruptcy lawyers are headed back to court in Virginia. (Fri, 30 Jan 2009 11:00:31 GMT)

Vick bankruptcy lawyers set to return to Va. court
Michael Vick's bankruptcy lawyers are headed back to court in Virginia. A hearing is scheduled Friday in Newport News on the imprisoned NFL star's revised financial disclosure statement. Last month, U.S. Bankruptcy Judge Frank Santoro ruled the first... (Fri, 30 Jan 2009 11:39:55 GMT)

Vick bankruptcy lawyers set to return to court today
NEWPORT NEWS Michael Vick's bankruptcy lawyers are headed back to court in Virginia. A hearing is scheduled today in Newport News on the imprisoned NFL star's revised financial disclosure statement. Last month, U.S. Bankruptcy Judge Frank Santoro ruled the first disclosure statement insufficient and ordered a new one. (Fri, 30 Jan 2009 11:57:09 GMT)

Vick bankruptcy lawyers return to court
NEWPORT NEWS—Michael Vick’s bankruptcy lawyers are headed back to court in Virginia. A hearing is scheduled today in Newport News on the imprisoned NFL star’s revised financial disclosure statement. Last month, U.S. Bankruptcy Judge Frank Santoro ruled the first disclosure statement insufficient and ordered a new one. The court also is expected to consider issues related to the sale of some of ... (Fri, 30 Jan 2009 12:11:26 GMT)

Vick's Bankruptcy Lawyers Back In Court
Michael Vick's bankruptcy lawyers are headed back to court in Virginia for a Friday hearing on the imprisoned NFL star's revised financial disclosure statement. (Fri, 30 Jan 2009 12:46:33 GMT)

Vick bankruptcy lawyers set to return to Va. court
Michael Vick's bankruptcy lawyers are headed back to court in Virginia. A hearing is scheduled Friday in Newport News on the imprisoned NFL star's revised financial disclosure statement. (Fri, 30 Jan 2009 13:39:18 GMT)

Vick bankruptcy lawyers set to return to Va. court
Associated Press - January 30, 2009 6:13 AM ET NEWPORT NEWS, Va. (AP) - Michael Vick's bankruptcy lawyers are headed back to court in Virginia. (Fri, 30 Jan 2009 14:00:59 GMT)

Vick bankruptcy lawyers set to return to Va. court
usas/gschreier stflsoNEWPORT NEWS, Va. (AP) -- Michael Vick's bankruptcy lawyers are headed back... (Fri, 30 Jan 2009 14:04:35 GMT)

World heads for 'water bankruptcy', says Davos report
The world is heading toward "water bankruptcy" as demand for the precious commodity outstrips even high population growth, a new report warned Friday. (Fri, 30 Jan 2009 14:12:22 GMT)

Octuplets' Family Has Bankruptcy History
Octuplets' mom lives with parents; babies' grandma filed for bankruptcy in '08. (Fri, 30 Jan 2009 22:44:56 GMT)

Auto parts maker Contech files for bankruptcy
NEW YORK, Jan 30 (Reuters) - Auto parts maker Contech LLC said on Friday that it has filed for Chapter 11 bankruptcy protection, citing a downturn in the automobile industry. (Sat, 31 Jan 2009 01:32:02 GMT)

Future of Hickey-Freeman depends on bankruptcy court
Hickey-Freeman's parent company Hartmarx filed for Chapter 11 bankruptcy on Jan. 23. (Sat, 31 Jan 2009 08:17:17 GMT)

Smyrna car dealer files for bankruptcy
Team Chevrolet in Smyrna, the successor to one of Middle Tennessee's oldest General Motors dealerships, has filed for Chapter 11 bankruptcy protection as it prepares to be taken over by a new group of investors, the company's general manager said Friday. (Sat, 31 Jan 2009 08:22:51 GMT)

Alleged Ponzi scheme company in bankruptcy
An attempt by the former head of Powder River Petroleum International to regain control of the company from a court-appointed receiver who labeled the Tulsa business a Ponzi scheme prompted the receiver to push the firm into bankruptcy. (Sat, 31 Jan 2009 08:42:24 GMT)

Bankruptcy filings up 75% in January
Filings at the U.S. Bankruptcy Court in Honolulu show there was a 75 percent increase in bankruptcy petitions filed through yesterday afternoon compared to January 2008. Bankruptcy filings totaled 200 through yesterday, up from 114 in January 2008. (Sat, 31 Jan 2009 12:44:22 GMT)

Smurfit files for bankruptcy
Smurfit-Stone Container Corp. operations, including the mill and box plant in Fernandina Beach, were continuing normally Tuesday after the company announced that it had filed for bankruptcy protection. (Sat, 31 Jan 2009 14:05:11 GMT)

Octuplets' family, already having 6 kids, had earlier filed for bankruptcy
Washington, January 31: The family that recently welcomed six boys and two girls into their household, while already having 6 kids previously, had filed for bankruptcy and given up a home around a year-and-a-half ago. (Sat, 31 Jan 2009 15:35:34 GMT)

Bankruptcy filings surged in 2008
BOSTON (AP) - Bankruptcy filings among publicly traded companies surged 74 percent in 2008, according to data from BankruptcyData.com , a division of New Generation Research Inc. (Sat, 31 Jan 2009 18:33:10 GMT)

Chris Farrell: Things to consider if your employer has filed bankruptcy
QMy company just filed Chapter 11. Is there anything I should do to reorganize my personal finances while the company reorganizes in bankruptcy court? (Sat, 31 Jan 2009 22:46:38 GMT)

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