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Home > Bankruptcy News

Bankruptcy News Mar 2009

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Bankruptcy puts school funds on hold
The January bankruptcy filing by LyondellBasell Industries will be stretching the already tight budgets of education districts in Pasadena and Deer Park, according to officials at Pasadena ISD, Deer Park ISD and the San Jacinto College District. (Sun, 01 Mar 2009 08:19:45 GMT)

Racetrack owner Magna faces threat of bankruptcy
North America's largest owner of thoroughbred racetracks faces a loan payment this week and may have to file for bankruptcy if it can't come up with the money. (Sun, 01 Mar 2009 09:57:36 GMT)

Bankruptcy may be an option for some people
Q: Dear Rick: I'm being pulled in 101 different directions. My problem is I can't pay my bills. I have over $35,000 in charge card debt, I haven't paid my mortgage in two months and I'm worried about my job. I have talked to a number of different people and the options are bankruptcy, working with one of the debt relief companies or basically doing nothing. A friend suggested that because of ... (Sun, 01 Mar 2009 12:09:49 GMT)

Camera retailing giant Ritz files for bankruptcy in Delaware
Maryland-based Ritz Cameras has filed for Chapter 11 protection in U.S. Bankruptcy Court in Wilmington. The Washington Business Journal reported higher gas prices and an economic downturn hit the company’s Boater’s World unit hard, triggering the filing. (Sun, 01 Mar 2009 13:29:49 GMT)

Housing fix's bankruptcy plan under fire
President Obama is in danger of losing the biggest stick in his foreclosure prevention arsenal. (Sun, 01 Mar 2009 14:47:25 GMT)

Memory chip maker Spansion files for bankruptcy
Spansion Inc , a U.S. maker of flash memory chips, sought bankruptcy protection on Sunday, becoming the latest chip maker to succumb to falling prices in the memory chip market and a deepening recession. (Mon, 02 Mar 2009 01:47:57 GMT)

Flash Maker Spansion Files for Bankruptcy Protection
Spansion became the second major chip maker to file for bankruptcy protection during the global recession after the company failed to meet interest payments on a bond in mid-January. (Mon, 02 Mar 2009 02:50:10 GMT)

Memory chip maker Spansion files for bankruptcy
Spansion Inc , the world's third-biggest maker of flash memory chips, sought bankruptcy protection in a U.S. court on Sunday, becoming the latest chip maker to succumb to falling chip prices and a deepening recession. (Mon, 02 Mar 2009 05:26:36 GMT)

TPG in clash over Aleris bankruptcy funding: report
U.S. private equity firm TPG is offering to provide bankruptcy financing for Aleris International Inc, a company that it owns, in a strategy that could put it in the position of being paid before some other creditors, the Financial Times said. (Mon, 02 Mar 2009 07:00:48 GMT)

Spansion, Maker of Chips, Files for Bankruptcy
Spansion , a maker of flash-memory chips, sought bankruptcy protection on Sunday, becoming the latest chip maker to succumb to falling prices in the memory chip market and a deepening recession. (Mon, 02 Mar 2009 11:39:23 GMT)

TPG in Clash Over Aleris Bankruptcy Loan, Report Says
TPG is offering to provide bankruptcy financing for Aleris International , a company that the private equity firm owns, in a strategy that could put it in the position of being paid before some other creditors, The Financial Times reported. (Mon, 02 Mar 2009 12:25:33 GMT)

Sunrise says bankruptcy filing could be ahead
Sunrise Senior Living Inc., which operates senior living facilities in the United States, Canada and Europe, said Monday it is working with its lenders to avoid filing for bankruptcy protection. (Mon, 02 Mar 2009 15:22:02 GMT)

Flash Memory Company Spansion Files for Bankruptcy
Flash Memory Company Spansion Files for Bankruptcy (Mon, 02 Mar 2009 15:31:29 GMT)

Spansion Files for Bankruptcy Protection in the U.S. (Update2)
March 2 (Bloomberg) -- Spansion Inc. , the U.S. maker of memory chips for mobile phones, filed for bankruptcy protection to restructure its debt after failing to make an interest payment on $266 million of bonds. (Mon, 02 Mar 2009 15:41:25 GMT)

Another View: Imagining an A.I.G. Bankruptcy
David E. Wood, a partner at law firm Anderson Kill Wood & Bender, offers this view on what might happen to American International Group’s insurance subsidiaries if the company were forced to file for bankruptcy protection. (Mon, 02 Mar 2009 15:54:13 GMT)

Chip maker Spansion enters bankruptcy
Spansion, one of the world's biggest makers of flash memory chips, sought bankruptcy protection in a U.S. court on Sunday, becoming the latest chip maker to succumb to falling prices. (Mon, 02 Mar 2009 19:17:35 GMT)

Spansion files for bankruptcy
SUNNYVALE, Calif., March 2 (UPI) -- Spansion Inc. has filed for bankruptcy, the flash memory chip maker based in Sunnyvale, Calif., announced Monday. (Tue, 03 Mar 2009 00:39:00 GMT)

Anderson News Creditors Seek to Force Bankruptcy in Delaware
March 2 (Bloomberg) -- Four creditors of Anderson News LLC, a marketing company for books and magazines, filed an involuntary bankruptcy petition against the company saying they’re owed $37.5 million. (Tue, 03 Mar 2009 01:35:02 GMT)

McLean Company May Seek Bankruptcy Protection
Sunrise Senior Living said yesterday that it may seek bankruptcy protection if it cannot reach new agreements with its lenders. (Tue, 03 Mar 2009 05:00:00 GMT)

Deripaska’s Russian Book Chain Files for Bankruptcy (Update1)
March 3 (Bloomberg) -- Billionaire Oleg Deripaska ’s Russian bookstore chain, Bookberry , filed for bankruptcy after running up debts of 50 million rubles ($1.38 million) to suppliers. (Tue, 03 Mar 2009 09:13:07 GMT)

Contractor faces a loss in builder's bankruptcy
Q. As a contractor, how do I protect my rights in the face of homebuilder bankruptcies? Falling home prices, a challenging economic climate, liquidity issues, and lack of access to financing could force many more homebuilders into bankruptcy in 2009. (Tue, 03 Mar 2009 12:18:00 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. (Tue, 03 Mar 2009 14:50:21 GMT)

Bankruptcy fears stalk Milan Fashion Week
Leading Italian fashion houses put a brave, even chipper face on their Milan shows this season, despite being hard hit by the global economic downturn and the spectre of bankruptcy hanging over Gianfranco Ferre and Just Cavalli. (Tue, 03 Mar 2009 15:27:44 GMT)

Grace May Face $1 Billion Restitution, Delay in Bankruptcy Exit
March 3 (Bloomberg) -- W.R. Grace & Co. may put off leaving bankruptcy because of the credit crisis and be forced to pay $1 billion in restitution if it’s convicted of criminal charges that it polluted the mining town of Libby, Montana. (Tue, 03 Mar 2009 16:35:09 GMT)

Blockbuster hires advisers for possible bankruptcy
Top U.S. movie rental chain Blockbuster has hired lawyers to explore a possible bankruptcy filing, a source familiar with the matter told Reuters on Tuesday. (Tue, 03 Mar 2009 20:27:21 GMT)

Blockbuster seeks funds, not bankruptcy
Blockbuster Inc., whose video rental stores have been pressured by the growing online market, said Tuesday it has hired a law firm to help find ways to raise capital, but that it does not intend to file for bankruptcy. (Tue, 03 Mar 2009 21:32:35 GMT)

Bankruptcy official questions oil company finances
A court-appointed bankruptcy official says the former owner of a failed Waterbury home heating oil company spent millions of dollars in corporate money on personal expenses. (Wed, 04 Mar 2009 11:44:51 GMT)

Masonite, Set to File for Bankruptcy, Reaches Pact With Lenders
March 3 (Bloomberg) -- Masonite International, the door and fiberboard maker taken over by leveraged buyout firm Kohlberg Kravis Roberts & Co. , said a group of lenders agreed to reorganize its debt as it seeks bankruptcy protection. (Wed, 04 Mar 2009 12:23:56 GMT)

Blockbuster Said to Hire Firm for Advice on Possible Bankruptcy
March 4 (Bloomberg) -- Blockbuster Inc. , the world’s largest movie-rental chain, hired the law firm Kirkland & Ellis LLP to explore a possible bankruptcy filing, a person familiar with the situation said. Blockbuster fell as much as 86 percent yesterday before trading was halted. (Wed, 04 Mar 2009 12:54:01 GMT)

The GM Bankruptcy Debate
I like the fact that GM responds, on its blog, to things like Mark Roe's WSJ op-ed saying that bankruptcy is a better option for the automaker than a bailout. Still, I do get the impression of the two sides essentially talking past each other, without much real engagement. (Wed, 04 Mar 2009 13:01:59 GMT)

Blockbuster shares jump as firm denies plan for bankruptcy filing
Blockbuster Inc. shares double Wednesday after the company denies a report that it is considering a bankruptcy filing. (Wed, 04 Mar 2009 15:59:51 GMT)

Blockbuster: No Plans to File for Bankruptcy
Blockbuster shares surge more than 100% after the movie rental chain refutes reports it was preparing to file for bankruptcy protection. (Wed, 04 Mar 2009 16:21:13 GMT)

Blockbuster denies bankruptcy rumors
Movie and game rental company Blockbuster Inc. denied news reports suggesting the company hired an outside party to help the company organize strategic alternatives, including a possible filing for bankruptcy protection. (BBI) (Wed, 04 Mar 2009 16:21:42 GMT)

Robbins Bros., Engagement Ring Retailer, Files for Bankruptcy
March 4 (Bloomberg) -- Robbins Bros. Corp., which calls itself the “world’s biggest engagement ring store,” filed for Chapter 11 bankruptcy protection in Wilmington, Delaware. (Wed, 04 Mar 2009 16:50:53 GMT)

House set to approve bankruptcy mortgage workouts
WASHINGTON -- The House is set to approve the most controversial plank in President Barack Obama's housing rescue plan, a measure to let bankruptcy judges rewrite mortgages to lower homeowners' monthly payments. (Wed, 04 Mar 2009 22:16:03 GMT)

Document: Judge orally granted Eclipse bankruptcy
A federal bankruptcy judge has verbally granted a motion to convert troubled jet manufacturer Eclipse Aviation's restructuring to Chapter 7 bankruptcy, ending a decade of business that led to the production of 260 Eclipse 500s. (Thu, 05 Mar 2009 01:44:14 GMT)

Sporting goods retailer Joe's files for bankruptcy
Joe's Sports & Outdoor, with 30 retail outlets in the Pacific Northwest, has filed for Chapter 11 bankruptcy protection, the company said Wednesday. (Thu, 05 Mar 2009 03:39:42 GMT)

Bankruptcy fears mount at GM
General Motors has substantial doubt about its ability to continue as a going concern if it fails to stem its losses and generate cash, and it may be forced to file for bankruptcy, the automaker said on Thursday. (Thu, 05 Mar 2009 12:18:32 GMT)

House to vote on bankruptcy mortgage rewrites
Debt-strapped homeowners unable to afford their mortgages could get their monthly payments lowered in bankruptcy court under President Obama’s housing rescue plan. (Thu, 05 Mar 2009 13:46:35 GMT)

Auditor: GM may have to file for bankruptcy
General Motors Corp.'s auditors have raised "substantial doubt" about the troubled automaker's ability to continue operations, and the company said it may have to seek bankruptcy protection if it can't execute a huge restructuring plan. (Thu, 05 Mar 2009 13:51:33 GMT)

GM Cautions It May Have To Seek Bankruptcy
General Motors said Wednesday that its auditors had raised "substantial doubt" about the company's ability to stay out of bankruptcy. That's despite $13 billion in emergency government loans GM has received in recent months. The dire comment isn't new but it puts more pressure on the automaker, its suppliers and the government. It also raises doubt about whether the company can stay alive until ... (Thu, 05 Mar 2009 15:17:42 GMT)

House to vote on bankruptcy mortgage rewrites
WASHINGTON -- Debt-strapped homeowners unable to afford their mortgages could get their monthly payments lowered in bankruptcy court under a controversial element of President Barack Obama's housing rescue plan. (Thu, 05 Mar 2009 15:28:22 GMT)

GM warns it may be forced into bankruptcy
General Motors Corp on Thursday said its auditors had raised "substantial doubt" about its ability to survive outside bankruptcy if it fails to stem its losses and stop burning cash. (Thu, 05 Mar 2009 15:33:09 GMT)

Water Street Realty, New York Property, Files for Bankruptcy
Feb. 24 (Bloomberg) -- Water Street Realty Group LLC, owner of a luxury condominium in Brooklyn’s Dumbo neighborhood, filed for bankruptcy protection. (Thu, 05 Mar 2009 15:41:16 GMT)

Bankruptcy home loan bill passes House
A plan to give debt-strapped homeowners a chance to lower their mortgage payments through bankruptcy courts won House approval Thursday as a report revealed that foreclosures and past-due home loans hit a record 5.4 million last year. (Fri, 06 Mar 2009 00:10:18 GMT)

House approves mortgage bankruptcy overhaul
Bankruptcy judges could cut the mortgage debt of homeowners in bankruptcy court as a last resort to avert foreclosure, under a bill approved by a 234-191 vote on Thursday in the U.S. House of Representatives. (Fri, 06 Mar 2009 00:54:44 GMT)

Owner of Top Tracks Files for Bankruptcy
In addition to filing for bankruptcy protection, Magna Entertainment Corporation announced that it would sell Gulfstream Park in Florida and other racetracks. (Fri, 06 Mar 2009 01:49:56 GMT)

House Approves Mortgage Bankruptcy Overhaul
The House of Representatives passed a bill on Thursday that would allow bankruptcy judges to rewrite the terms of failing mortgages. For example, a judge could lower a homeowner's interest rate, or even slash the principle loan amount. The bill is expected to face more opposition in the Senate. (Fri, 06 Mar 2009 11:18:34 GMT)

Bankruptcy Filings Surged in 2008
Personal and business bankruptcy filings surged last year as the economy spiraled downward, new data showed Thursday, a trend experts say they expect to continue in 2009. (Fri, 06 Mar 2009 12:24:22 GMT)

Bailout monitor welcomes mortgage bankruptcy plan
The head of a panel overseeing bailout money is giving high marks to legislation that would let debt-strapped homeowners seek reduced mortgage payments by filing for bankruptcy. (Fri, 06 Mar 2009 14:21:38 GMT)

Questions, answers on bankruptcy mortgage rewrites
With foreclosures continuing at a rapid pace, the House has passed a measure to let debt-strapped homeowners seek reduced monthly mortgage payments by filing for bankruptcy. The legislation, passed Thursday, is not yet final and more changes may be made. Some questions and answers about the bill: (Fri, 06 Mar 2009 14:24:47 GMT)

Mortgage ‘Cram-Down’ Bankruptcy Bill May Aid 1 Million in U.S.
March 6 (Bloomberg) -- At least 1 million Americans would be able to use bankruptcy to reduce mortgage payments under legislation approved by the House yesterday, part of Democratic efforts to stem a crisis that has erased more than $2.4 trillion in home values. (Fri, 06 Mar 2009 15:16:36 GMT)

Solstice, Exclusive High-End Real Estate Club, Seeks Bankruptcy
March 6 (Bloomberg) -- Solstice LLC, a club that gives 94 members access to luxury homes around the world for as much as $1.95 million down plus club dues of $86,000, filed for bankruptcy. (Fri, 06 Mar 2009 16:05:03 GMT)

Redcorp Ventures, Canadian Miner, Files for U.S. Bankruptcy
March 6 (Bloomberg) -- Redcorp Ventures Ltd. , the Canadian mining company with projects in British Columbia and Portugal, sought bankruptcy protection for its U.S. assets, citing a lack of financing. (Fri, 06 Mar 2009 16:05:14 GMT)

GM denies reports it is considering bankruptcy
General Motors on Friday denied reports that it is considering a pre-packaged bankruptcy reorganization financed by the government as a good solution to its financial problems. (Fri, 06 Mar 2009 19:15:07 GMT)

GM shares reach 75-year low amid bankruptcy talk
General Motors Corp. shares fell to their lowest point in more than 75 years Friday, as investors fretted that the ailing automaker may be forced to file for bankruptcy protection despite government help. (Fri, 06 Mar 2009 22:30:20 GMT)

Bankruptcy May Not Hit GM That Hard
For months now, ailing auto giant GM has argued against bankruptcy restructuring, saying the public just wouldn't buy from a company under those circumstances. (Sat, 07 Mar 2009 00:47:12 GMT)

Bankruptcy May Not Hit GM That Hard
For months now, ailing auto giant GM has argued against bankruptcy restructuring, saying the public just wouldn't buy from a company under those... (Sat, 07 Mar 2009 00:47:12 GMT)

Chevy drivers hopeful GM can avoid bankruptcy for consumers, sport
Thursday's announcement that General Motors might file for bankruptcy protection has NASCAR's Chevrolet drivers hoping it doesn't ... (Sat, 07 Mar 2009 02:00:22 GMT)

Canadian Mining Company Files for Bankruptcy
Redcorp Ventures filed for bankruptcy in the United States and Canada, citing cost overruns and a lack of financing. (Sat, 07 Mar 2009 03:40:06 GMT)

GM Again Says Bankruptcy Is Not Its Preferred Course
General Motors reaffirmed its desire to steer clear of bankruptcy yesterday, insisting that an out-of-court restructuring is the best road for the company and its stakeholders. (Sat, 07 Mar 2009 05:00:00 GMT)

Coming Week: Bankruptcy Watch
With few major catalysts set to impact the stock market, market analysts say investors will be on bankruptcy watch as several companies continue to struggle. (Sat, 07 Mar 2009 14:06:03 GMT)

Blockbuster explores bankruptcy filing: source
Blockbuster Inc., the world’s largest movie-rental chain, hired legal counsel to explore a possible bankruptcy filing, a person familiar with the situation said. Blockbuster fell as much as 86% before trading was halted. (Sat, 07 Mar 2009 16:30:12 GMT)

Blockbuster hires firm for bankruptcy protection
Blockbuster may be looking to file for bankruptcy protection, a move that could spell trouble for both the company's large chain of worldwide stores and the distribution center based in McKinney. (Sun, 08 Mar 2009 07:28:03 GMT)

Conn. School of Broadcasting to seek bankruptcy protection
A Connecticut-based broadcasting school with campuses in more than a dozen states abruptly shut down this week and said Thursday it will seek bankruptcy protection. (Sun, 08 Mar 2009 07:28:26 GMT)

GM shares reach 75-year low amid bankruptcy talk
NEW YORK - General Motors Corp. shares fell to their lowest point in more than 75 years Friday, as investors fretted that the ailing automaker may be forced to file for bankruptcy protection despite government help. (Sun, 08 Mar 2009 07:38:55 GMT)

O'Fallon city treasurer files for personal bankruptcy
Claiming more than $12 million in debts, O'Fallon City Treasurer David Hursey and his wife Susan filed for personal bankruptcy on Feb. 5 in the U.S. District Court in East St. Louis, according to a court employee. (Sun, 08 Mar 2009 08:14:13 GMT)

Blockbuster explores bankruptcy filing: source
Blockbuster Inc., the world’s largest movie-rental chain, hired legal counsel to explore a possible bankruptcy filing, a person familiar with the situation said. Blockbuster fell as much as 86% before trading was halted. (Sun, 08 Mar 2009 15:01:53 GMT)

Top Republicans demand bankruptcy for GM
Two top Republican senators called Sunday for struggling General Motors to seek bankruptcy rather than fresh government aid as the best path to a long-term recovery by America's biggest carmaker. (Sun, 08 Mar 2009 18:50:59 GMT)

Canadian Mining Company Files for Bankruptcy
Redcorp Ventures , a Canadian gold-and-silver mining company, filed for bankruptcy in the United States and Canada, citing cost overruns and a lack of financing. (Mon, 09 Mar 2009 09:39:53 GMT)

Sentencing today for farmer's wife in bankruptcy fraud case
Margaret Diekemper is scheduled to be sentenced this morning in federal court in East St. Louis in a bankruptcy fraud conspiracy case with ties to a double homicide in Illinois. Diekemper pleaded guilty in November to conspiring with her husband Joseph to hide assets worth millions from officials. (Mon, 09 Mar 2009 11:26:27 GMT)

Bankruptcy Closes Doors At Orlando School
ORLANDO, Fla. -- Dozens of students preparing to graduate in two weeks won't get their diploma's because their school is shutting down. Orlando's Connecticut School of Broadcasting (CSB) has filed for bankruptcy because it could not get any funding, forcing the school to lock its doors. (Mon, 09 Mar 2009 13:06:44 GMT)

Pacific Energy, Oil Company, Files for Bankruptcy Protection
March 9 (Bloomberg) -- Pacific Energy Resources Ltd. , an oil company with operations primarily in the western U.S., sought bankruptcy protection. Pacific Energy, based in Long Beach, California, and seven affiliates filed Chapter 11 petitions yesterday in U.S. (Mon, 09 Mar 2009 13:20:08 GMT)

Latvia Faces Bankruptcy by June If IMF Loan Delayed (Update2)
March 9 (Bloomberg) -- Latvia faces bankruptcy in three months if it fails to deliver budget cuts required by the International Monetary Fund and the next installment of its bailout is delayed, Premier-designate Valdis Dombrovskis said. (Mon, 09 Mar 2009 13:26:59 GMT)

Sentencing today for farmer's wife in bankruptcy fraud case
Margaret Diekemper was sentenced to two years probation and a $500 fine this morning in federal court in East St. Louis in a bankruptcy fraud conspiracy case with ties to a double homicide in Illinois. (Mon, 09 Mar 2009 14:26:34 GMT)

Bankruptcy Won't Help West Virginia Doctor Avoid Malpractice Payments
A former West Virginia doctor will not be able to use his Chapter 7 bankruptcy filing in Birmingham to block payments in scores of malpractice cases after a federal bankruptcy judge ruled he was ... (Mon, 09 Mar 2009 15:11:50 GMT)

Bankruptcy judge OKs spending by Philly newspapers
Philadelphia's two large daily newspapers have gotten approval to spend up to $1.15 million until its next bankruptcy hearing. (Mon, 09 Mar 2009 15:49:27 GMT)

Bankruptcy judge OKs spending by Philly newspapers
Philadelphia's two largest daily newspapers have gotten approval to spend up to $1.15 million until its next bankruptcy hearing. (Mon, 09 Mar 2009 15:50:19 GMT)

Japan Pacific Holdings seeks bankruptcy protection
* Files for bankruptcy protection with $1.6 5 billion debt (Tue, 10 Mar 2009 09:40:01 GMT)

Pacific Holdings Files for Bankruptcy; 164B Yen Debt (Update1)
March 10 (Bloomberg) -- Pacific Holdings Co. , a real estate manager with 163.6 billion yen ($1.7 billion) in liabilities, filed for bankruptcy protection, becoming the third-biggest publicly traded company to fail in Japan this year. (Tue, 10 Mar 2009 11:08:56 GMT)

Norway's Karmsund shipyard files for bankruptcy
OSLO, March 10 (Reuters) - The Karmsund shipyard in western Norway has filed for bankruptcy, its owner Karmsund Maritime AS said on Tuesday. (Tue, 10 Mar 2009 12:45:40 GMT)

Fleetwood files for bankruptcy; to close a unit
NEW YORK, March 10 (Reuters) - Fleetwood Enterprises Inc , a maker of recreational vehicles and manufactured housing, has filed for bankruptcy and will close its travel trailer business, the company said on Tuesday. (Tue, 10 Mar 2009 13:33:23 GMT)

Fleetwood Enterprises, RV Maker, Seeks Chapter 11 Bankruptcy
March 10 (Bloomberg) -- Fleetwood Enterprises Inc., the recreational-vehicle maker based in Riverside, California, said it filed for bankruptcy, blaming credit restrictions affecting both dealers and customers. (Tue, 10 Mar 2009 14:05:52 GMT)

Japanese real estate investment firm files for bankruptcy
Japanese real estate investment firm Pacific Holdings Inc. said Tuesday it had filed for bankruptcy after reporting huge losses triggered by its exposure to the US subprime mortgage loan crisis. (Tue, 10 Mar 2009 14:23:00 GMT)

Riverside RV maker files for bankruptcy
Fleetwood Enterprises Inc., the recreational-vehicle maker based in Riverside, said it filed for bankruptcy, blaming credit restrictions affecting both dealers and customers. (Tue, 10 Mar 2009 14:26:53 GMT)

Milacron files for bankruptcy
Milacron Inc., the 125-year-old manufacturer awash in red ink for several years, this morning announced a financial restructuring that includes a Chapter 11 bankruptcy filing for its North American operations and a plan to sell its operations to a group of senior note holders. (Tue, 10 Mar 2009 14:46:11 GMT)

Radio station owner files for bankruptcy
KALISPELL - The owner of a Kalispell radio station has filed for Chapter 11 bankruptcy protection after a jury ordered him to pay $3.8 million in a defamation case. (Tue, 10 Mar 2009 15:44:42 GMT)

Charter Communications will file bankruptcy
Charter Communications, the nation's third-largest publicly traded cable operator, plans to file a prearranged Chapter 11 bankruptcy in less than two months. (Tue, 10 Mar 2009 15:55:57 GMT)

Visteon makes bond payment; avoids bankruptcy
Auto parts supplier Visteon Corp. said it made a major payment on outstanding bonds by a Tuesday deadline, avoiding a default that had threatened to send the company into bankruptcy protection. (Tue, 10 Mar 2009 21:09:58 GMT)

Feds oppose Vick testifying at bankruptcy trial
Federal authorities are opposing a plan to bring former Atlanta Falcons quarterback Michael Vick from a Kansas prison to testify at his bankruptcy hearing in Virginia. (Tue, 10 Mar 2009 22:54:16 GMT)

Malls to Fight Bankruptcy Code Changes at U.S. Lawmaker Hearing
March 11 (Bloomberg) -- U.S. shopping centers and malls plan to fight a proposal that would give retailers in bankruptcy more time to decide which stores they will keep. (Wed, 11 Mar 2009 04:01:00 GMT)

Germany's HRE bank faces bankruptcy without more aid: report
Stricken German specialist mortgage lender Hypo Real Estate (HRE) could declare bankruptcy on April 24 if it does not get more state aid, a press report said on Wednesday. (Wed, 11 Mar 2009 07:37:19 GMT)

Deripaska’s GAZ Rating Pulled at Troika on Bankruptcy Concern
March 11 (Bloomberg) -- OAO GAZ , Russian billionaire Oleg Deripaska ’s vehicle maker, had its rating withdrawn at Troika Dialog, which cited possible bankruptcy. (Wed, 11 Mar 2009 08:40:50 GMT)

Osceola casino owner plans bankruptcy filing
Herbst Gaming, the parent company of Terrible’s Lakeside Casino in Osceola, said it plans to file for bankruptcy although its operations will remain open for “business as usual.” (Wed, 11 Mar 2009 13:37:24 GMT)

Would bankruptcy have been better for AA? Are labor costs a 'luxury?'
American Airlines may have been better off if it had filed for bankruptcy during the industry's previous round of financial turmoil. And have "high" labor costs become an "untenable luxury" for AA during the ongoing financial crisis? Both those subjects... (Wed, 11 Mar 2009 14:11:51 GMT)

Hearing set over Vick testifying at bankruptcy trial
NORFOLK, Va. (AP) -- A hearing is set in Virginia on whether Michael Vick should be brought from a Kansas prison to testify in his bankruptcy case. (Wed, 11 Mar 2009 15:17:46 GMT)

Vardis Homes files for bankruptcy
Homebuilder Vardis Homes Inc. of Apex is liquidating its business, according to documents filed Tuesday in bankruptcy court. (Wed, 11 Mar 2009 15:21:13 GMT)

Bankruptcy judge orders Vick to appear on April 2
NORFOLK A judge this morning again ordered that Michael Vick appear in person at his bankruptcy confirmation hearing on April 2, rebuking the federal government’s objection. But U.S. Bankruptcy Judge Frank J. Santoro ordered Vick to pay for his transportation and security costs. (Wed, 11 Mar 2009 15:27:31 GMT)

Ex-Oilers owner Pocklington arrested on bankruptcy charges in California
PALM DESERT, Calif. - Peter Pocklington, the former owner of the Edmonton Oilers, has been arrested at his Palm Desert home for allegedly concealing assets during bankruptcy proceedings. (Wed, 11 Mar 2009 21:09:00 GMT)

Bankruptcy Dilemma
Filing bankruptcy seems like an easy fix to get yourself out of debt, but is it worth it? (Wed, 11 Mar 2009 22:03:20 GMT)

Ex-Oilers owner arrested on bankruptcy charges
Former Edmonton Oilers owner Peter Pocklington was arrested at his home Wednesday for allegedly concealing assets during bankruptcy proceedings. (Wed, 11 Mar 2009 22:10:41 GMT)

Ex-Oilers owner Peter Pocklington arrested on bankruptcy charges in California
Peter Pocklington - Canada's formerly famous celebrity businessman and patriarch of hockey's dynastic Edmonton Oilers - was ordered held behind bars in Riverside, Calif, Wednesday after being arrested by the FBI on charges of bankruptcy fraud. (Thu, 12 Mar 2009 01:39:00 GMT)

Meruelo Maddux says it may file for bankruptcy
Southern California real estate developer Meruelo Maddux Properties Inc. says it has been unable to service much of its debt and may have to file for bankruptcy. (Thu, 12 Mar 2009 12:00:49 GMT)

Iceland’s Baugur to File for Bankruptcy
Baugur Group , the high-flying Icelandic retail investor that crashed along with its nation’s banks, said Wednesday it would file for bankruptcy after a court called time on its efforts to reorganize. (Thu, 12 Mar 2009 12:09:22 GMT)

Saab Axes 750 Jobs as Demand Sags After Bankruptcy (Update1)
March 12 (Bloomberg) -- Saab Automobile, which filed for bankruptcy protection last month, will cut 750 jobs at its main factory in southern Sweden in response to falling demand. (Thu, 12 Mar 2009 12:36:02 GMT)

Six Flags at risk for bankruptcy
The owner of Magic Mountain and other parks is trying to restructure its debt. Six Flags Inc., which owns Magic Mountain in Valencia and 19 other theme parks, said Wednesday that it might need to file for Bankruptcy Court protection if the company can't restructure its debt by mid-August. (Thu, 12 Mar 2009 12:44:16 GMT)

Baugur files for bankruptcy
Icelandic retail investor Baugur has formally applied for bankruptcy after an Icelandic court refused to grant an extension to its moratorium. (Thu, 12 Mar 2009 13:41:00 GMT)

Peter Pocklington arrested in California for bankruptcy fraud
Peter Pocklington, former owner of the Edmonton Oilers, was arrested on charges of bankruptcy fraud Wednesday morning at his home near Palm Springs, Calif., the U.S. district attorney in the Central District of California office announced. (Thu, 12 Mar 2009 15:06:56 GMT)

Gated community near Park City out of bankruptcy
SALT LAKE CITY -- A half-built private development of multimillion-dollar homes emerged from bankruptcy troubles on Thursday. (Thu, 12 Mar 2009 23:53:10 GMT)

Ahead of the Bell: Six Flags bankruptcy fears grow
Shares of Six Flags Inc. fell in premarket trading Friday as worried grew that the theme park operator may have to file for Chapter 11 bankruptcy protection. (Fri, 13 Mar 2009 12:47:35 GMT)

Ahead of the Bell: Six Flags bankruptcy fears grow
Shares of Six Flags Inc. fell in premarket trading Friday as worries grew that the theme park operator may have to file for Chapter 11 bankruptcy protection. (Fri, 13 Mar 2009 13:10:58 GMT)

Bankruptcy possibility looms for 6 Flags
Shares of Six Flags Inc. are lower Friday on growing speculation that the theme park operator may be forced to file for Chapter 11 bankruptcy protection after the company said it could not meet a looming financing obligation. (Fri, 13 Mar 2009 14:06:38 GMT)

Bankruptcy possibility looms for Six Flags
Shares of Six Flags Inc. fell Friday on growing speculation that the theme park operator may be forced to file for Chapter 11 bankruptcy protection after the company said it could not meet a looming financing obligation. (Fri, 13 Mar 2009 14:34:35 GMT)

Bankruptcy possibility looms for 6 Flags
Shares of Six Flags Inc. are lower Friday on growing speculation that the theme park operator may be forced to file for Chapter 11 bankruptcy protection after the company said it could not meet a looming financing obligation. Six Flags shares, which have... (Fri, 13 Mar 2009 14:40:23 GMT)

Bankruptcy possibility looms for Six Flags
Shares of Six Flags drop on growing speculation that the theme park operator may be forced to file for Chapter 11 bankruptcy. (Fri, 13 Mar 2009 14:44:04 GMT)

Bankruptcy possibility looms for Six Flags
Shares of Six Flags Inc. fell Friday on growing speculation that the theme park operator may be forced to file for Chapter 11 bankruptcy protection after the company said it could not meet a looming financing obligation. Six Flags shares, which have traded under $1 since last September, lost 3 cents, or 16.8 percent, to 16 cents in morning trading. The stock has traded between 16 cents and $2.50 ... (Fri, 13 Mar 2009 15:04:08 GMT)

Bankruptcy possibility looms for Six Flags
Shares of Six Flags Inc. fell Friday on growing speculation that the theme park operator may be forced to file for Chapter 11 bankruptcy protection after the company said it could not meet a looming financing obligation. Six Flags shares, which have traded... (Fri, 13 Mar 2009 15:09:53 GMT)

Bankruptcy Fears Raised for Six Flags
Investor worries mount after Six Flags says it may resort to Chapter 11 bankruptcy protection. (Fri, 13 Mar 2009 15:50:53 GMT)

Six Flags’ Shares Fall on Bankruptcy Worries
Shares of Six Flags fell sharply on Friday amid growing speculation that the theme park operator may be forced to file for Chapter 11 bankruptcy protection after the company said it could not meet a looming financing obligation. (Fri, 13 Mar 2009 17:24:12 GMT)

U.S. autos task force hires bankruptcy lawyer
President Barack Obama's task force on the auto industry has hired a bankruptcy lawyer to advise it on its options. (Sat, 14 Mar 2009 02:08:21 GMT)

Bankruptcy Lawyer Joins Obama’s Advisory Team on GM, Chrysler
March 14 (Bloomberg) -- Matthew Feldman , a bankruptcy lawyer, was added by President Barack Obama ’s administration to the auto industry team advising the government on the restructuring of General Motors Corp. (Sat, 14 Mar 2009 04:41:20 GMT)

Restructuring/Bankruptcy
The Treasury Department has appointed a bankruptcy lawyer to add to its team of advisers on the government’s efforts to address the restructuring of the auto industry. (Sat, 14 Mar 2009 07:09:13 GMT)

Six Flags faces bankruptcy
— Stock in Six Flags Inc. fell Friday on growing speculation that the theme park operator may be forced to file for Chapter 11 bankruptcy protection after it said it could not meet a looming financing obligation. (Sat, 14 Mar 2009 07:22:24 GMT)

Trainer Lake files for bankruptcy
Maryland's leading trainer, Scott Lake, filed for Chapter11 bankruptcy protection this month in federal court in New York. (Sat, 14 Mar 2009 11:06:56 GMT)

General Aspects of Bankruptcy
Bankruptcy proceedings are performed by execution offices and the decision with regard to the bankruptcy of the debtor is rendered by the commercial courts. (Sat, 14 Mar 2009 13:27:38 GMT)

Six Flags Could File For Bankruptcy On Financial Roller Coaster
Six Flags is in danger of filing for bankruptcy, with its shares down 20 percent and trading for less than $1. (Sat, 14 Mar 2009 14:27:20 GMT)

Bankruptcy an option for cash-strapped Six Flags
NEW YORK -- Shares of Six Flags Inc. touched a new all-time low Friday after the theme park operator said it could not meet a looming financing obligation and may have to file for Chapter 11 bankruptcy protection. (Sat, 14 Mar 2009 15:35:57 GMT)

In this economy, bankruptcy may be an answer for many
Chapter 7 and Chapter 13 each have their trade-offs You can't make your mortgage payment. Or maybe you've lost your job and are faced with a mountain of credit card debt. Either way, you're a casualty in the nation's economic avalanche and you find yourself contemplating the last resort—bankruptcy. (Sat, 14 Mar 2009 17:58:26 GMT)

Lost in bankruptcy: They didn't get paid
As businesses flee into bankruptcy protection, vendors left empty-handed As firms seek bankruptcy protection, their vendors are left empty-handed (Sun, 15 Mar 2009 01:54:21 GMT)

Six Flags may file for bankruptcy
Six Flags Inc., the owner of Magic Mountain in Valencia, may have to file for bankruptcy. (Sun, 15 Mar 2009 05:27:52 GMT)

Bankruptcy an option for cash-strapped Six Flags
NEW YORK - Shares of Six Flags Inc. touched a new all-time low Friday after the theme park operator said it could not meet a looming financing obligation and may have to file for Chapter 11 bankruptcy protection. (Sun, 15 Mar 2009 07:21:42 GMT)

The Credit Guy : Bankruptcy should stay a last option
Q: How much are the lenders paying you to tell people not to file for bankruptcy? These bloodsuckers get richer by jacking up interest rates for people who hit rock bottom. It makes no sense to try to get more money out of a guy who's lost almost everything. The new bankruptcy law is trying to push people to new limits. The profit the credit grantors make is obscene. (Sun, 15 Mar 2009 07:23:06 GMT)

If GM declares bankruptcy, what would it mean for the local economy?
General Motors Corp., the automaker with 5,000 local employees, four Lansing-area facilities and thousands of retirees, may be headed for bankruptcy court. (Sun, 15 Mar 2009 08:03:13 GMT)

The bankruptcy judgment
As economy sours, more people face filing You can't make your mortgage payment. Or maybe you've lost your job and are faced with a mountain of credit card debt. Either way, you're a casualty in the nation's economic avalanche and you find yourself contemplating the last resort--bankruptcy. (Sun, 15 Mar 2009 08:13:41 GMT)

Eclipse owner: Customers to buy assets out of bankruptcy
An owner of Eclipse Aviation Corp. said he has found enough customers to buy the company out of bankruptcy. (Sun, 15 Mar 2009 11:02:03 GMT)

Bankruptcy Proceedings
U.S. BANKRUPTCY COURT (Sun, 15 Mar 2009 15:06:35 GMT)

Bankruptcy Claims Processor Agrees to $97 Million Deal
The bankruptcy field has gotten so busy that outsiders want a piece of the action. That’s apparently the case with Computershare Limited ’s announcement on Monday that it will buy Kurtzman Carson Consultants , one of the biggest claims and noticing agents for companies going through the bankruptcy process. (Mon, 16 Mar 2009 13:24:25 GMT)

Dana reports $691 million loss since it emerged from bankruptcy
Toledo-based auto supplier Dana Holding Corp. Monday morning reported a loss of $256 million, or $2.64 a share, in the fourth quarter of 2008, compared to a loss of $257 million, or $1.52 a share, for the same period a year ago. For the year, the company - which hasn’t reported a profit since emerging from bankruptcy protection Jan. 31, 2008 — said it had a profit of $18 million after booking ... (Mon, 16 Mar 2009 13:31:50 GMT)

Masonite Files for Bankruptcy to Restructure Debts (Update2)
March 16 (Bloomberg) -- Masonite International , the door and fiberboard maker taken over by leveraged buyout firm Kohlberg Kravis Roberts & Co. , filed for bankruptcy protection as part of a plan to cut its debt by almost $2 billion. (Mon, 16 Mar 2009 13:51:17 GMT)

Bankruptcy possible for Six Flags
The most recent former owner of Darien Lake Theme Park Resort could be headed for Chapter 11 bankruptcy protection. (SIX) (Mon, 16 Mar 2009 13:59:35 GMT)

Forum Health Files For Chapter 11 Bankruptcy
In a morning press release, Forum Health confirmed rumors that it is seeking to reorganize under Chapter 11 of the U.S. Bankruptcy Code. During the reorganization, day-to-day operations are expected to continue as normal. See the release below: http://www.forumhealth.org/forum (Mon, 16 Mar 2009 14:05:28 GMT)

Ex-Rep. Ada files for bankruptcy
Former congressman Martin Borja Ada has filed a bankruptcy petition in the U.S. District Court for the NMI. Under a Chapter 7 bankruptcy petition, Ada claimed to have a $192,424.86 in total assets, but listed $267,919.88 in total liabilities. (Mon, 16 Mar 2009 14:15:32 GMT)

Obama auto task force: Bankruptcy not our goal
The lead adviser to President Barack Obama's automotive task force told the Free Press today that bankruptcy was "not our goal" and that the task force was seeking ways to help suppliers. (Mon, 16 Mar 2009 14:30:45 GMT)

Oil producer Russneft faces bankruptcy
MOSCOW, March 16 (UPI) -- Russian energy majors Gazprom and Rosneft are potential buyers for Russia's eighth-largest oil producer, Russneft, which is facing bankruptcy from loans. (Mon, 16 Mar 2009 14:34:30 GMT)

Charter Communications will file bankruptcy
Charter Communications, the nation's third-largest publicly traded cable operator, plans to file a prearranged Chapter 11 bankruptcy in less than two months. (Mon, 16 Mar 2009 14:56:37 GMT)

Forum Health Files For Chapter 11 Bankruptcy
In a morning press release, Forum Health confirmed rumors that it is seeking to reorganize under Chapter 11 of the U.S. Bankruptcy Code. During the reorganization, day-to-day operations are expected to continue as normal. (Mon, 16 Mar 2009 15:51:04 GMT)

Chief Doubts Chrysler Would Survive Bankruptcy
Chrysler ’s chairman cast doubt Monday on whether the struggling automaker could survive a government-sponsored bankruptcy reorganization, The New York Times’s Bill Vlasic reported. (Tue, 17 Mar 2009 00:09:13 GMT)

GM, Chrysler bankruptcy not Obama task force goal
A top adviser to President Barack Obama's auto industry task force said Monday that bankruptcy is not the goal of the administration's efforts to restructure General Motors and Chrysler but stressed that the government cannot solve all of the industry's woes. (Tue, 17 Mar 2009 00:59:26 GMT)

Chrysler insists it will avoid bankruptcy
The third largest US automaker Chrysler insisted the company intends to avoid bankruptcy and said a proposed deal with the Italian carmaker Fiat could be worth as much as 10 billion dollars. (Tue, 17 Mar 2009 02:42:36 GMT)

5 'gotta-gets' in a bankruptcy lawyer
Selecting the right person to handle your bankruptcy can mean the difference between an eventual rebound and long-term pain. (Tue, 17 Mar 2009 10:00:00 GMT)

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