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Home > Bankruptcy News

Bankruptcy News Sep 2009

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Bankruptcy judge backs Grupo Mexico bid for Asarco
A bankruptcy judge is recommending Grupo Mexico be allowed to regain control over copper miner Asarco LLC, saying its $2.2 billion bid is more likely to fully repay creditors than that of rival suitor Sterlite Industries. (Tue, 01 Sep 2009 01:07:21 GMT)

Louisiana: Former Lawmaker Files for Bankruptcy
Former Representative William J. Jefferson, who was convicted of corruption after federal agents found cash in his freezer, has filed for Chapter 7 bankruptcy liquidation. (Tue, 01 Sep 2009 03:11:20 GMT)

Barneys eyes restructuring or bankruptcy: report
Barneys New York Inc is eyeing a debt restructuring or bankruptcy filing under which its owner, Dubai's Istithmar World Capital, may lose control of the high-end retailer, Bloomberg reported, citing people familiar with the matter. (Tue, 01 Sep 2009 06:22:23 GMT)

Discount carrier SkyEurope files for bankruptcy, suspends flights
SkyEurope Airline AS, a Central European discount airline, said Tuesday it has filed for bankruptcy and that all its flights, sales and operations have been suspended immediately. (Tue, 01 Sep 2009 09:47:43 GMT)

Bankruptcy Judge Backs Grupo Mexico Bid for Asarco
U.S. Bankruptcy Judge Richard Schmidt issued the finding late Monday, the latest development in a four-year bankruptcy battle over the assets of the nation’s third-largest copper producer. A federal district judge will have final approval. (Tue, 01 Sep 2009 10:24:57 GMT)

Bankruptcy judge backs Grupo Mexico bid for Asarco
A bankruptcy judge has recommended that Grupo Mexico be allowed to regain control over copper miner Asarco LLC, saying its $2.2 billion bid is more likely to fully repay creditors than that of rival suitor Sterlite Industries. (Tue, 01 Sep 2009 15:50:09 GMT)

Freedom Communications Files for Bankruptcy
Freedom Communications, the media company that owns the Orange County Register and more than 30 other dailies, filed for bankruptcy on Tuesday as part of a debt reorganization plan that has the blessing of its creditors. (Tue, 01 Sep 2009 19:26:07 GMT)

Newspaper publisher Freedom files for bankruptcy
Freedom Communications, owner of the Orange County Register and 30 other newspapers, filed for bankruptcy on Tuesday, the latest victim of the crisis gripping the US newspaper industry. (Tue, 01 Sep 2009 21:01:22 GMT)

New York governor OKs OTB bankruptcy filing
New York Governor David Paterson on Tuesday signed an executive order that will enable the troubled New York City Off-Track Betting Corp to file for bankruptcy as a municipality. (Tue, 01 Sep 2009 21:47:27 GMT)

Newspaper publisher Freedom files for Chap. 11 bankruptcy protection
Freedom Communications, the owner of the Orange County Register in California and dozens of other newspapers, became the latest publisher Tuesday to seek bankruptcy protection, driven into financial despair by a staggering drop in advertising revenue. (Tue, 01 Sep 2009 21:56:43 GMT)

Freedom Communications Files for Bankruptcy After Ad Sales Fall
Sept. 2 (Bloomberg) -- Freedom Communications Inc., the owner of more than 30 daily newspapers including the Orange County Register in California, sought bankruptcy protection after print advertising revenue declined. (Wed, 02 Sep 2009 05:11:27 GMT)

Gazette owner has creditor backing in bankruptcy filing
The owner of the Colorado Springs Gazette and dozens of other newspapers became the latest publisher Tuesday to seek bankruptcy protection, hurt by a staggering drop in advertising revenue. (Wed, 02 Sep 2009 07:18:00 GMT)

OTB'S BANKRUPTCY OK'D
ALBANY -- Gov. Paterson yesterday issued an executive order to allow the New York City Off-Track Betting Corp. to enter bankruptcy in an effort to save the bookmaking operation from the glue factory. The governor said the rare government... (Wed, 02 Sep 2009 10:29:30 GMT)

Alton Telegraph owner files for bankruptcy
Freedom Communications Inc., the owner of more than 30 daily newspapers including the Orange County Register in California and the Telegraph in Alton, sought bankruptcy protection after print ad revenue declined. (Wed, 02 Sep 2009 13:37:24 GMT)

Samsonite Enters Bankruptcy Shelter From Creditors (Update1)
Sept. 2 (Bloomberg) -- Samsonite Co. Stores, the U.S. retail division of the luggage-maker Samsonite Corp. , sought bankruptcy protection from creditors, citing a decline in demand for travel gear. (Wed, 02 Sep 2009 15:10:59 GMT)

Bally Total Fitness exits bankruptcy, again
Bally Total Fitness said Tuesday it emerged from Chapter 11 bankruptcy, having completed its reorganization plan (Wed, 02 Sep 2009 17:34:25 GMT)

Hindu temple in Ga. files for bankruptcy
ATLANTA, Sept. 2 (UPI) -- A Hindu temple led by the controversial Annamalai Annamalai in the Atlanta area has filed for bankruptcy, staving off a possible foreclosure auction. (Wed, 02 Sep 2009 21:50:25 GMT)

Capmark May File for Bankruptcy After Quarterly Loss (Update2)
Sept. 2 (Bloomberg) -- Capmark Financial Group Inc., the commercial real estate lender whose owners include funds run by Goldman Sachs Group Inc. and KKR & Co., may file for bankruptcy after posting a second-quarter loss of about $1.6 billion. (Wed, 02 Sep 2009 23:04:28 GMT)

Bankruptcy judge dissolves final year of contract
A federal bankruptcy court judge on Tuesday dissolved the remaining year of Vallejo's last hold-out employee union's contract.The 28-page ruling by U.S. Bankruptcy Court Judge Michael McManus came nearly six months after he ruled that bankruptcy courts may throw out municipal contracts during Chapter 9 proceedings. (Thu, 03 Sep 2009 08:02:56 GMT)

Judge says funds owed Plainfield utility deemed high-priority claim in bankruptcy proceeding
A U.S. Bankruptcy judge has ordered that hundreds of thousands of dollars in debt owed to the Plainfield Municipal Utilities Authority, or PMUA, be deemed a high-priority claim in the Chapter 11 bankruptcy case of the city-based Plainfield Apartments LLC. (Thu, 03 Sep 2009 09:48:54 GMT)

SkyEurope suspends operations, files for bankruptcy
Slovakia-based low-cost airline SkyEurope has filed for bankruptcy. (Thu, 03 Sep 2009 10:43:59 GMT)

Berkshire Enters Deal With Capmark as Lender Weighs Bankruptcy
Sept. 3 (Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. and Leucadia National Corp. committed to spend as much as $490 million on real estate-related assets from Capmark Financial Group Inc. as the lender weighs a bankruptcy filing. (Thu, 03 Sep 2009 13:03:16 GMT)

Governor bets bankruptcy will save OTB
Citing declining wagering revenues, an outdated business model and an unfavorable funding framework, Governor David A. Paterson has directed the New York City Off-Track Betting Corporation’s (NYCOTB) board to issue a reorganization plan – and one, that, in Paterson’s opinion, should include “the tool of a Chapter 9” bankruptcy filing. (Thu, 03 Sep 2009 13:26:04 GMT)

Victoria-based Traveller's Inn group files for bankruptcy
The 21 companies making up the bulk of Victoria-based Traveller's Inn group have filed for bankruptcy and their hotels are in receivership as creditors claim debts of more than $60 million, says the trustee. (Thu, 03 Sep 2009 14:34:02 GMT)

Company behind failed N.D. radio station effort declares bankruptcy
Western Edge Media, LLC, backers of a southwest N.D. radio station that never got off the ground, declared bankruptcy this week in the midst of owing both investors and prepaid advertisers a substantial amount of money. (Thu, 03 Sep 2009 15:05:39 GMT)

Has Chrysler bankruptcy hurt used cars?
As Chrysler left bankruptcy, it rejected used car liabilility. Now see how it has changed its tune. (Fri, 04 Sep 2009 10:00:00 GMT)

Ind. officials renew Chrysler bankruptcy fight
Indianapolis -- Indiana officials are asking the U.S. Supreme Court to reconsider hearing their objections to the Chrysler bankruptcy proceedings that resulted in its takeover by Italian automaker Fiat. (Fri, 04 Sep 2009 14:00:26 GMT)

Bankruptcy Judge Grills Wells Fargo
U.S. bankruptcy Judge Randolph Haines spent three hours interrogating one of the companys top executives. (Fri, 04 Sep 2009 14:04:17 GMT)

Ind. officials renew Chrysler bankruptcy fight
INDIANAPOLIS (AP) — Indiana officials want the U.S. Supreme Court to reconsider their objections to the Chrysler bankruptcy proceedings that resulted in the sale of the bulk of the automaker's assets to Italy's Fiat. The Supreme Court in June rejected an appeal by a trio of Indiana pension and construction funds that wanted to block the deal. The court at that time did not consider the merits of ... (Fri, 04 Sep 2009 15:01:00 GMT)

Ind. officials renew Chrysler bankruptcy fight
INDIANAPOLIS (AP) — Indiana officials are asking the U.S. Supreme Court to reconsider hearing their objections to the Chrysler bankruptcy proceedings that resulted in the sale of the bulk of the automaker's assets to Italy's Fiat. The Supreme Court in June rejected an appeal by a trio of Indiana pension and construction funds to block the automaker's sale. The court at that time did not consider ... (Fri, 04 Sep 2009 15:01:11 GMT)

Ind. officials renew Chrysler bankruptcy fight
Indiana officials are asking the U.S. Supreme Court to reconsider hearing their objections to the Chrysler bankruptcy proceedings that resulted in the sale of the bulk of the automaker's assets to Italy's Fiat. (Fri, 04 Sep 2009 15:01:29 GMT)

Ind. officials renew Chrysler bankruptcy fight
Indiana officials want the U.S. Supreme Court to reconsider their objections to the Chrysler bankruptcy proceedings that resulted in the sale of the bulk of the automaker's assets to Italy's Fiat. The Supreme Court in June rejected an appeal by a trio of... Sponsored Topics: Indiana - Chrysler - Fiat - Supreme Court of the United States - Supreme Court (Fri, 04 Sep 2009 15:09:59 GMT)

Seffner's Lazydays RV Center strikes debt deal, plans Chapter 11 bankruptcy filing
Lazydays RV Center in Seffner has struck a deal with bondholders to eliminate all of its $137 million debt through a pre-packaged Chapter 11 bankruptcy reorganization. (Fri, 04 Sep 2009 15:31:38 GMT)

Ind. officials renew Chrysler bankruptcy fight
Indiana officials want the U.S. Supreme Court to reconsider their objections to the Chrysler bankruptcy proceedings that resulted in the sale of the bulk of the automaker's assets to Italy's Fiat. (Fri, 04 Sep 2009 15:34:43 GMT)

KD Avia initiates bankruptcy procedures
KALININGRAD, September 4 (Itar-Tass) -- Kaliningrad-based air carrier KD Avia, which had to stop selling tickets to its flights three days ago due to financial constraints, has initiated bankruptcy procedures. (Fri, 04 Sep 2009 15:50:23 GMT)

Chrysler assets left behind in bankruptcy lost $10B in June
The parts of Chrysler LLC that remain in bankruptcy court lost $10.2 billion in June alone, according to an unaudited financial statement filed in U.S. Bankruptcy Court. (Fri, 04 Sep 2009 16:05:23 GMT)

Indiana officials renew Chrysler bankruptcy fight
ASSOCIATED PRESS INDIANAPOLIS — Indiana officials want the U.S. Supreme Court to reconsider their objections to the Chrysler bankruptcy proceedings that resulted in the sale of the bulk of the automaker's assets to Italy's Fiat. The Supreme Court in June rejected an appeal by a trio of Indiana pension and construction funds that wanted to block the deal. The court at that time did not consider ... (Fri, 04 Sep 2009 21:27:28 GMT)

Adoption agency could be out of bankruptcy next month, family group says
TORONTO - Families caught up in the bankruptcy of the Imagine Adoption Agency say a restructuring plan could have the agency running again next month. (Sat, 05 Sep 2009 01:53:00 GMT)

Bridge Street hotel developer files for bankruptcy
The Bridge Street project's hotel developer filed for bankruptcy in federal court earlier this week. McKinney Hotel Shores Properties, a subsidiary of O&S Holdings, filed for Chapter 11 bankruptcy in the U.S. Eastern District of Texas's Bankruptcy Court on Tuesday. (Sat, 05 Sep 2009 05:26:14 GMT)

Bankruptcy lawyer will give you another shot
PERKINS TWP. Although bankruptcy isn't for everyone, attorney C. Ross Smith III says it can be a way to help people solve their problems. (Sat, 05 Sep 2009 05:49:42 GMT)

Bankruptcy seminar offers practical advice
Newton Project Self-Sufficiency will sponsor a free seminar about issues related to bankruptcy on Wednesday, Sept. 9, from 7 to 9 p.m., at the agency’s campus in Newton. (Sat, 05 Sep 2009 07:07:30 GMT)

Judge approves J.L. French plan to help get out of bankruptcy
J.L. French Automotive Castings could soon emerge from bankruptcy protection after a federal judge approved the Sheboygan-based companys reorganization plan Thursday, the company announced. (Sat, 05 Sep 2009 09:07:14 GMT)

Toledo developer files for bankruptcy
By GARY T. PAKULSKI BLADE BUSINESS WRITER A Toledo real estate developer involved in downtown’s Bartley Lofts Condominiums and numerous shopping center projects has filed for bankruptcy, listing $60 million in potential liabilities. Michael Denman, an owner of the failed Timberstone Group Inc. in Monclova Township, filed a 340-page petition this week seeking Chapter 7 liquidation of debts in U.S ... (Sat, 05 Sep 2009 10:41:15 GMT)

Chrysler bankruptcy fight renews
INDIANAPOLIS #8212; Indiana officials want the U.S. Supreme Court to reconsider their objections to the Chrysler bankruptcy proceedings that resulted in the sale of the bulk of the automaker #8217;s assets to Italy #8217;s Fiat. (Sat, 05 Sep 2009 12:02:38 GMT)

Business of bankruptcy
Let's first get the facts right. Bankruptcy does not hit only banks and just about any business. US President Barack Obama created a big furore in February this year, when he said the crushing cost of US healthcare costs a bankruptcy every 30 seconds. (Sat, 05 Sep 2009 20:17:35 GMT)

Lake Las Vegas proposes bankruptcy plan
The Lake Las Vegas development on Friday proposed a plan to emerge from its $728 million bankruptcy case -- a plan in which further development of the high-end community would include more affordable housing. (Sat, 05 Sep 2009 20:32:40 GMT)

Bridge Street hotel developer files for bankruptcy
The Bridge Street project's hotel developer filed for bankruptcy in federal court earlier this week. McKinney Hotel Shores Properties, a subsidiary of O&S Holdings, filed for Chapter 11 bankruptcy in the U.S. Eastern District of Texas's Bankruptcy Court on Tuesday. (Sun, 06 Sep 2009 05:41:15 GMT)

In the Money: Is your pension protected if your employer declares bankruptcy?
Early this week, I met with a client who expressed concern that his employer of 30 years might be close to bankruptcy. Naturally, he was worried about his job, particularly because a major layoff would place him in competition with hundreds of other... (Sun, 06 Sep 2009 06:10:58 GMT)

Bankruptcy seminar offers practical advice
Newton Project Self-Sufficiency will sponsor a free seminar about issues related to bankruptcy on Wednesday, Sept. 9, from 7 to 9 p.m., at the agency’s campus in Newton. (Sun, 06 Sep 2009 06:57:28 GMT)

Lenders Suffer From More Borrower Bankruptcy Filings
SPRINGDALE — More than a dozen bankruptcy filings among the construction sector since June has left behind $62 million in unpaid debt to local lenders that serve the industry. (Sun, 06 Sep 2009 07:53:36 GMT)

Bankruptcy Halts Lighthouse Inn Auction
New London - A bankruptcy court filing by a creditor late on Friday afternoon triggered an indefinite postponement of the scheduled foreclosure auction of the Lighthouse Inn. According to New London attorney Narcy Z. Dubicki, Lighthouse Group of Connecticut filed an involuntary Chapter 11 bankruptcy in U.S. Bankruptcy Court in Hartford against McGrath Hotels LCC, the current property owners. A ... (Sun, 06 Sep 2009 10:15:38 GMT)

Governor bets bankruptcy will save OTB
Citing declining wagering revenues, an outdated business model and an unfavorable funding framework, Governor David A. Paterson has directed the New York City Off-Track Betting Corporation’s (NYCOTB) board to issue a reorganization plan – and one, that, in Paterson’s opinion, should include “the tool of a Chapter 9” bankruptcy filing. (Sun, 06 Sep 2009 11:55:57 GMT)

The Columbian plots exit from Ch. 11 bankruptcy
Scott Campbell, publisher of The Columbian, could give up part of his stake in the bankrupt Vancouver newspaper under terms of a reorganization plan filed Aug. 27 in U.S. Bankruptcy Court for Western Washington. (Mon, 07 Sep 2009 05:11:23 GMT)

Doc’s Steakhouse files for Chapter 7 bankruptcy
The company that owns and operates Doc’s Steakhouse in Saratoga Springs, filed Chapter 7 bankruptcy protection this week after sales were cut in half over the past year. (Mon, 07 Sep 2009 05:28:30 GMT)

Saxbys: Legal fees forced bankruptcy
Nearly three weeks after the parent company to Saxbys Coffee Co. filed Chapter 11 bankruptcy protection, it opened a new store at Liberty Place, a coveted, high-profile location for any retailer. (Mon, 07 Sep 2009 05:29:56 GMT)

Million-dollar lien, lawsuits and bankruptcy
RIVERVIEW — Kearney Construction Co.’s mud slinging isn’t limited to its work in the field. The firm’s Chapter 11 bankruptcy filing last month was preceded by two lawsuits accusing others of wrongly blaming project problems on Kearney. (BAC) (Mon, 07 Sep 2009 05:30:27 GMT)

Bridge Street hotel developer files for bankruptcy
The Bridge Street project's hotel developer filed for bankruptcy in federal court earlier this week. McKinney Hotel Shores Properties, a subsidiary of O&S Holdings, filed for Chapter 11 bankruptcy in the U.S. Eastern District of Texas's Bankruptcy Court on Tuesday. (Mon, 07 Sep 2009 05:41:24 GMT)

Bankruptcy seminar to be held at Project Self-Sufficiency
Newton Project Self-Sufficiency will sponsor a free seminar about issues related to bankruptcy on Wednesday, Sept. 9, from 7 to 9 p.m., at the agency’s campus in Newton. (Mon, 07 Sep 2009 07:19:41 GMT)

Lenders Suffer From More Borrower Bankruptcy Filings
SPRINGDALE — More than a dozen bankruptcy filings among the construction sector since June has left behind $62 million in unpaid debt to local lenders that serve the industry. (Mon, 07 Sep 2009 07:41:36 GMT)

Cornerstone gets US Bankruptcy Court okay to acquire rights to antibiotic factive from Oscient
Cornerstone Therapeutics Inc., specialty pharmaceutical company focused on acquiring, developing and commercializing significant products primarily for the respiratory and related markets, announced that it has received the approval of the United States Bankruptcy Court for the District of Massachusetts for its acquisition of the commercial rights to the antibiotic Factive (gemifloxacin mesylate ... (Mon, 07 Sep 2009 10:51:25 GMT)

Bankruptcy - The Last Resort
Unemployment can wreak havoc on your credit. When self help credit remedies fail, bankruptcy may be your only answer. (Mon, 07 Sep 2009 13:09:31 GMT)

Governor bets bankruptcy will save OTB
Citing declining wagering revenues, an outdated business model and an unfavorable funding framework, Governor David A. Paterson has directed the New York City Off-Track Betting Corporation’s (NYCOTB) board to issue a reorganization plan – and one, that, in Paterson’s opinion, should include “the tool of a Chapter 9” bankruptcy filing. (Mon, 07 Sep 2009 13:40:50 GMT)

Moldovan grape growers face bankruptcy despite good harvest
Chisinau, September 7 (Interfax) - Depressed grape prices are threatening many Moldovan grape growers with bankruptcy despite this year's good harvest. (Mon, 07 Sep 2009 16:29:09 GMT)

Business › Goma-Books receives bankruptcy protection
Goma-Books Co on Monday filed for bankruptcy protection under the civil rehabilitation law with the Tokyo District Court and was granted protection from creditors, a… (Mon, 07 Sep 2009 18:55:09 GMT)

Bankruptcy Fraud Sentence Upheld
A U.S. Appellate has upheld a 10-year prison sentence for a Dubuque businessman convicted of bankruptcy fraud. (Mon, 07 Sep 2009 21:04:20 GMT)

Bridge Street hotel developer files for bankruptcy
The Bridge Street project's hotel developer filed for bankruptcy in federal court earlier this week. McKinney Hotel Shores Properties, a subsidiary of O&S Holdings, filed for Chapter 11 bankruptcy in the U.S. Eastern District of Texas's Bankruptcy Court on Tuesday. (Tue, 08 Sep 2009 05:41:44 GMT)

Bankruptcy seminar to be held at Project Self-Sufficiency
Newton Project Self-Sufficiency will sponsor a free seminar about issues related to bankruptcy on Wednesday, Sept. 9, from 7 to 9 p.m., at the agency’s campus in Newton. (Tue, 08 Sep 2009 07:03:17 GMT)

Lenders Suffer From More Borrower Bankruptcy Filings
SPRINGDALE — More than a dozen bankruptcy filings among the construction sector since June has left behind $62 million in unpaid debt to local lenders that serve the industry. (Tue, 08 Sep 2009 08:01:16 GMT)

Lehman Files Biggest Bankruptcy Case as Suitors Balk (Update4)
Sept. 15 (Bloomberg) -- Lehman Brothers Holdings Inc., the fourth-largest U.S. investment bank, succumbed to the subprime mortgage crisis it helped create in the biggest bankruptcy filing in history. (Tue, 08 Sep 2009 09:19:14 GMT)

Pilgrim's Pride sees bankruptcy exit in 2009
* Bankruptcy exit expected in 2009 (Tue, 08 Sep 2009 13:54:29 GMT)

Governor bets bankruptcy will save OTB
Citing declining wagering revenues, an outdated business model and an unfavorable funding framework, Governor David A. Paterson has directed the New York City Off-Track Betting Corporation’s (NYCOTB) board to issue a reorganization plan – and one, that, in Paterson’s opinion, should include “the tool of a Chapter 9” bankruptcy filing. (Tue, 08 Sep 2009 15:11:03 GMT)

Hezbollah denies bankruptcy link
Lebanon's Hezbollah movement denies any role in the bankruptcy of a prominent businessman from the same sect. (Tue, 08 Sep 2009 17:47:28 GMT)

Couple charged with bankruptcy fraud in NH
A former Nashua, N.H., couple has been charged with fraudulently filing for bankruptcy in an effort to prevent a bank from foreclosing on their home. (Tue, 08 Sep 2009 21:18:47 GMT)

Trident Resources Files for Bankruptcy Citing Gas Price Decline
Sept. 9 (Bloomberg) -- Trident Resources Corp., a Canadian natural gas explorer, filed for Chapter 11 bankruptcy protection in the U.S., citing a drop in prices and fluctuations in the Canada-U.S. currency exchange rate. (Wed, 09 Sep 2009 11:27:01 GMT)

Trident Resources files for bankruptcy protection
Trident Resources Corp and its affiliates filed for U.S. Chapter 11 bankruptcy protection late on Tuesday, citing a significant drop in natural gas prices and fluctuations in foreign exchange rates, court documents showed. (Wed, 09 Sep 2009 12:25:35 GMT)

Governor bets bankruptcy will save OTB
Citing declining wagering revenues, an outdated business model and an unfavorable funding framework, Governor David A. Paterson has directed the New York City Off-Track Betting Corporation’s (NYCOTB) board to issue a reorganization plan – and one, that, in Paterson’s opinion, should include “the tool of a Chapter 9” bankruptcy filing. (Wed, 09 Sep 2009 12:41:42 GMT)

Is bankruptcy the solution for troubled homeowners?
There’ll be “plain English” next month when lawyers hold a public seminar on filing for bankruptcy, the relief from financial woes, the consequences and the impact on the home mortgage. “Is Bankruptcy the Solution? What is Can and Cannot Achieve” is being held by the Nassau County Bar Association and will start 7 p.m. Oct. 6 at the bar headquarters, 15th and West streets in Mineola. A lot of ... (Wed, 09 Sep 2009 14:20:54 GMT)

GM considers Opel outcomes including retention, bankruptcy; 2 investors also considered
FRANKFURT - A person familiar with General Motors' talks on Opel said GM's board of directors is reviewing four outcomes as it debates the future of its German-based unit, including the possibility of keeping Opel or letting it slide into bankruptcy protection. (Wed, 09 Sep 2009 14:38:26 GMT)

Wealthy Families Succumb to Bankruptcy as Real Estate Crashes
Sept. 9 (Bloomberg) -- Wealthy individuals’ Chapter 11 bankruptcy filings jumped 73 percent in the second quarter from a year earlier, according to the National Bankruptcy Research Center , a research firm in Burlingame, California. (Wed, 09 Sep 2009 14:43:23 GMT)

SemGroup names post-bankruptcy leadership team
SemGroup LP said Wednesday it named a new team of executives and board of directors to lead the energy company once it emerges from Chapter 11 bankruptcy protection. (Wed, 09 Sep 2009 15:20:12 GMT)

Rep Frank to pursue mortgage bankruptcy bill
The chairman of the House of Representatives Financial Services Committee said on Wednesday he expects to keep pursuing legislation to reduce mortgage loan amounts through bankruptcy proceedings, and lackluster efforts to modify mortgages increase the chances of that legislation passing. (Wed, 09 Sep 2009 15:21:31 GMT)

Tavern on the Green Requesting Chapter 11 Bankruptcy Protection
Nearly four months before Tavern on the Green, the landmark restaurant in Central Park, is to yield its operating license to another operator, it has filed for Chapter 11 bankruptcy protection. (Thu, 10 Sep 2009 07:31:04 GMT)

Firm that advised on Cowboys structure has filed for bankruptcy
The Las Vegas engineering firm that recommended fixes to the Dallas Cowboys' doomed practice facility has filed for bankruptcy protection and changed its name. (Thu, 10 Sep 2009 07:33:28 GMT)

New York’s Tavern on the Green Files for Bankruptcy (Update2)
Sept. 10 (Bloomberg) -- Tavern on the Green LP, the operator of the 75-year-old restaurant in New York’s Central Park, filed for Chapter 11 bankruptcy protection. (Thu, 10 Sep 2009 14:11:16 GMT)

NYC's landmark Tavern on the Green restaurant files for Chapter 11 bankruptcy protection
NEW YORK - Tavern on the Green, the landmark restaurant in New York City's Central Park, has filed for Chapter 11 bankruptcy protection. (Thu, 10 Sep 2009 14:27:38 GMT)

New York City's Tavern on the Green files for bankruptcy
Tavern on the Green, the landmark restaurant in New York City's Central Park, has filed for bankruptcy protection. (Thu, 10 Sep 2009 15:12:36 GMT)

New York's Tavern on the Green files bankruptcy
Tavern on the Green LLC, operator of the storied restaurant in New York's Central Park, has filed for bankruptcy a few months before the venue is set to change hands. (Thu, 10 Sep 2009 15:13:13 GMT)

LandAmerica files bankruptcy plan
LandAmerica Financial Group has filed a plan for settling with its creditors with the U.S. Bankruptcy Court, liquidating itself in the process. The plan says each LandAmerica subsidiary will settle with its own claimants and creditors, out of its own resources. The company will set up liquidating trusts, and will reserve between $2.5 million and $5 million in cash to fund trust activities, which ... (Thu, 10 Sep 2009 15:28:50 GMT)

Frontier Airlines wins approval of bankruptcy plan
A bankruptcy judge has confirmed the plan of reorganization for Frontier Airlines, moving the Denver-based carrier a step closer to emerging from Chapter 11 protection. (Thu, 10 Sep 2009 15:34:50 GMT)

Frontier Airlines wins approval of bankruptcy plan
DENVER (AP) — A bankruptcy judge has confirmed the plan of reorganization for Frontier Airlines, moving the Denver-based carrier a step closer to emerging from Chapter 11 protection. Frontier says it resolved the few objections to its reorganization plan before winning approval from the judge in New York on Thursday. The plan calls for Frontier to emerge from bankruptcy as a unit of regional jet ... (Thu, 10 Sep 2009 15:50:11 GMT)

Frontier Airlines wins approval of bankruptcy plan
DENVER - Frontier Airlines is one step closer to emerging from Chapter 11 protection after a bankruptcy judge confirmed the plan of reorganization for the Denver-based carrier. (Thu, 10 Sep 2009 15:54:03 GMT)

Frontier Airlines wins approval of bankruptcy plan
A bankruptcy judge has confirmed the plan of reorganization for Frontier Airlines, moving the Denver-based carrier a step closer to emerging from Chapter 11 protection. (Thu, 10 Sep 2009 18:37:35 GMT)

NY's famed Tavern on the Green in bankruptcy
Tavern on the Green LLC, operator of the storied restaurant in New York City's Central Park, has filed for bankruptcy protection, a few months before the restaurant is due to change hands and maybe its name. (Thu, 10 Sep 2009 20:48:08 GMT)

NYC's Tavern on the Green files for bankruptcy
Tavern on the Green, the landmark restaurant in New York City's Central Park, has filed for bankruptcy protection. The filing comes just four months before the 75-year-old restaurant is to hand over its license to another operator, the New York Times reports. (Fri, 11 Sep 2009 02:22:10 GMT)

Bankruptcy judge raises possibility of rejecting both Coyotes bidders
A bankruptcy judge has raised the possibility of rejecting both bids to buy the Phoenix Coyotes. (Fri, 11 Sep 2009 02:54:36 GMT)

Landmark restaurant files for bankruptcy
Tavern on the Green, the landmark restaurant in New York City's Central Park, has filed for Chapter 11 bankruptcy protection. (Fri, 11 Sep 2009 07:09:39 GMT)

Seattle developer Mastro has huge debts, bankruptcy papers show
Longtime Seattle developer Michael Mastro owes more than a half-billion dollars in a bankruptcy case that may be the largest ever in Western Washington, and his dealings with small investors have prompted an investigation by the state Securities Division. (Fri, 11 Sep 2009 07:15:41 GMT)

Nukote blames Office Depot for bankruptcy in $217 million lawsuit
Nukote International Inc., with offices in Rochester, is seeking $217 million from Office Depot for allegedly forcing it into bankruptcy. (Fri, 11 Sep 2009 07:16:19 GMT)

New York landmark in bankruptcy
The Tavern on the Green, the landmark New York restaurant, has filed for bankruptcy, partly due to the impact of the financial crisis on the city. (Fri, 11 Sep 2009 11:13:45 GMT)

GM rescinds white-collar salary cuts it made as it struggled to avoid bankruptcy protection
DETROIT - General Motors Co. has rescinded white-collar pay cuts it made last spring as it desperately tried to conserve cash and avoid filing for bankruptcy protection. (Fri, 11 Sep 2009 15:53:26 GMT)

GM to restore pre-bankruptcy pay levels
DETROIT, Sept. 11 (UPI) -- U.S. automaker General Motors Co. said it would restore pay for salaried workers who stuck with the company through its bankruptcy proceeding. (Fri, 11 Sep 2009 16:23:59 GMT)

Celebrity photographer in deal to stave off bankruptcy
US photography icon Annie Leibovitz won a reprieve Friday from possible bankruptcy when her creditors agreed to an extension of a 24-million-dollar loan. (Fri, 11 Sep 2009 18:59:07 GMT)

League, Basillie amend offers for Coyotes at bankruptcy hearing
PHOENIX - Both bidders tweaked their offers for the Phoenix Coyotes on Friday as the clock wound down on a U.S. bankruptcy court hearing. (Fri, 11 Sep 2009 23:11:00 GMT)

Leibovitz deal to stave off bankruptcy
US photography icon Annie Leibovitz won a reprieve on Friday from possible bankruptcy when her creditors agreed to an extension of a $A27.8 million loan. (Sat, 12 Sep 2009 00:01:45 GMT)

Photographer to stave off bankruptcy
US photography icon Annie Leibovitz won a reprieve on Friday from possible bankruptcy when her creditors agreed to an extension of a $US24 million ($A27. (Sat, 12 Sep 2009 04:06:37 GMT)

Photographer to stave off bankruptcy
US photography icon Annie Leibovitz has won a reprieve from possible bankruptcy. (Sat, 12 Sep 2009 04:21:54 GMT)

Managing partner for Grand Seas Resort files bankruptcy
DAYTONA BEACH --The managing general partner of the Grand Seas Resort filed for bankruptcy this week. (Sat, 12 Sep 2009 07:08:52 GMT)

IBEW files bankruptcy appeal
Attorneys for Vallejo's International Brotherhood of Electrical Workers on Thursday appealed a federal bankruptcy judge's decision to eliminate the public workers' contract.The appeal, made specifically to the U.S. District Court for the Eastern District of California, came (Sat, 12 Sep 2009 08:31:32 GMT)

DPJ's Watanabe admits bankruptcy
OSAKA (Kyodo) Newly elected Democratic Party of Japan lawmaker Yoshihiko Watanabe said Saturday he is undergoing bankruptcy proceedings and has ¥140 million in debt. Watanabe, 53, said he did not report his financial troubles to DPJ headquarters before running in the Aug. 30 House of Representatives election because he feared "it could have negatively affected my listing as a candidate in the ... (Sat, 12 Sep 2009 20:59:47 GMT)

Politics › Newly elected DPJ member involved in bankruptcy proceedings
Newly elected Democratic Party of Japan lawmaker Yoshihiko Watanabe said Saturday he is currently involved in bankruptcy proceedings and is saddled with debts totaling 140… (Sat, 12 Sep 2009 21:57:08 GMT)

Leibovitz avoids bankruptcy
US photography icon Annie Leibovitz won a reprieve from possible bankruptcy when her creditors agreed to an extension of a $US24 million ($A27. (Mon, 14 Sep 2009 03:06:58 GMT)

Leibovitz avoids bankruptcy
US photography icon Annie Leibovitz has won a reprieve from possible bankruptcy. (Mon, 14 Sep 2009 03:22:14 GMT)

Herbst's Gaming Bankruptcy Plan Under Fire
September 14, 2009 - LAS VEGAS -- A plan for Herbst Gaming Inc. to exit bankruptcy is coming under harsh criticism from key creditors and lenders that are owed hundreds of millions of dollars, the Las Vegas Sun reported. (Mon, 14 Sep 2009 12:32:44 GMT)

Triple Crown media files for bankruptcy, to reorganize
*Newspaper publisher files pre-arranged bankruptcy (Mon, 14 Sep 2009 15:02:30 GMT)

Georgia newspaper company files for bankruptcy
Newspaper publisher Triple Crown Media Inc., which owns daily and weekly newspapers in Georgia, has filed for bankruptcy protection. (Mon, 14 Sep 2009 15:08:21 GMT)

Georgia newspaper company files for bankruptcy
Associated Press - September 14, 2009 11:14 AM ET DOVER, Del. (AP) - Newspaper publisher Triple Crown Media Inc., which owns daily and weekly newspapers in Georgia, has filed for bankruptcy... (Mon, 14 Sep 2009 15:22:29 GMT)

Georgia newspaper company files for bankruptcy
Georgia newspaper publisher Triple Crown Media files for bankruptcy (Mon, 14 Sep 2009 15:22:49 GMT)

Georgia newspaper company files for bankruptcy
Newspaper publisher Triple Crown Media Inc., which owns daily and weekly newspapers in Georgia, has filed for bankruptcy protection. In a prepackaged filing Monday in Delaware bankruptcy court, the Lexington, Ky.-based company listed assets of about $33... Sponsored Topics: United States bankruptcy court - Bankruptcy protection - Newspaper - Bankruptcy - Georgia (Mon, 14 Sep 2009 15:24:59 GMT)

Georgia newspaper company files for bankruptcy
DOVER, Del. (AP) — Newspaper publisher Triple Crown Media Inc., which owns daily and weekly newspapers in Georgia, has filed for bankruptcy protection. In a prepackaged filing Monday in Delaware bankruptcy court, the Lexington , Ky.-based company listed assets of about $33 million, and liabilities of about $86 million. Triple Crown operates six daily Georgia newspapers and one weekly with a ... (Mon, 14 Sep 2009 15:34:46 GMT)

(AFX UK Focus) 2009-09-14 16:18 Triple Crown media files for bankruptcy, to reorganize
NEW YORK, Sept 14 (Reuters) - Triple Crown Media Inc , publisher of The Albany Herald and other newspapers, sought bankruptcy protection on Monday, becoming the latest victim of a downturn in media advertising amid the U.S. recession. The company, which publishes six local daily newspapers and one weekly, said in documents filed with the Delaware Bankruptcy Court that it had support from holders ... (Mon, 14 Sep 2009 15:58:13 GMT)

Georgia newspapers publisher files for bankruptcy
Triple Crown Media Inc., which owns daily and weekly newspapers in Georgia, on Monday became at least the 11th newspaper publisher to seek bankruptcy protection over the past year. (Mon, 14 Sep 2009 17:57:35 GMT)

Court OKs Hilo Hattie bankruptcy plan
U.S. Bankruptcy Court Judge Robert Faris has approved a plan to reorganize Hilo Hattie. (Tue, 15 Sep 2009 01:56:49 GMT)

Court OKs Hilo Hattie bankruptcy plan
U.S. Bankruptcy Court Judge Robert Faris has approved a plan to reorganize Hilo Hattie. The approval that came Monday will enable the major retailer of Hawaiian souvenirs and aloha attire to emerge from Chapter 11 bankruptcy Oct.4. (Tue, 15 Sep 2009 01:56:49 GMT)

Court OKs Hilo Hattie Bankruptcy Plan
Court OKs bankruptcy reorganization plan for major Hawaiian souvenir retailer Hilo Hattie (Tue, 15 Sep 2009 03:11:18 GMT)

Protein Sciences Wins Dismissal of Involuntary Bankruptcy Case
Sept. 15 (Bloomberg) -- Protein Sciences Corp., which has a government contract to produce vaccines for the H1N1 influenza virus, won dismissal of an involuntary bankruptcy case filed against it by creditor Emergent BioSolutions Inc. (Tue, 15 Sep 2009 05:58:14 GMT)

Hearing Tuesday in Magna Entertainment bankruptcy
A bankruptcy judge is set to hear arguments on a request by horse track owner Magna Entertainment Corp. involving financial reporting requirements. (Tue, 15 Sep 2009 08:16:19 GMT)

Hearing Tuesday in Magna Entertainment bankruptcy
A bankruptcy judge is set to hear arguments on a request by horse track owner Magna Entertainment Corp. involving financial reporting requirements. A hearing was scheduled Tuesday on Magna's request that reporting requirements be modified for three nonpublic,... Sponsored Topics: Magna Entertainment - Magna International - Bankruptcy - United States - Law (Tue, 15 Sep 2009 08:40:47 GMT)

Key bankruptcy hearing on bid rules for Philadelphia Newspaper auction delayed amid talks
PHILADELPHIA - A key bankruptcy issue that could determine the next owner of Philadelphia's two main daily newspapers won't be resolved Tuesday after all. (Tue, 15 Sep 2009 15:53:28 GMT)

2 Detroit eateries file for bankruptcy
Two of Detroit's most prominent downtown restaurants, Seldom Blues and the Detroit Breakfast House & Cafe, have filed for Chapter 11 bankruptcy reorganization. (Tue, 15 Sep 2009 15:57:24 GMT)

Magna bankruptcy judge approves Thistledown sale
A Delaware bankruptcy judge has approved the sale of Magna Entertainment Corp.'s Thistledown race track in Ohio for $89.5 million. (Tue, 15 Sep 2009 16:25:50 GMT)

Bankruptcy judge OK's Thistledown, Remington sales
A Delaware bankruptcy judge on Tuesday approved the sale of two of Magna Entertainment Corp.'s horse racing tracks — Thistledown in Ohio and Remington Park in Oklahoma City — for a combined total of almost $170 million. (Tue, 15 Sep 2009 19:30:54 GMT)

Seldom Blues and Detroit Breakfast House & Grill file for bankruptcy
Detroit -- Two well-known Detroit restaurants have filed for Chapter 11 bankruptcy protection, despite receiving hundreds of thousands of dollars in taxpayer-funded loans since 2004. (Wed, 16 Sep 2009 05:07:41 GMT)

American Axle appears close to bank deal to avoid bankruptcy
American Axle appeared to be close to reaching a deal with its lenders late today that would keep the auto supplier out of bankruptcy. (Wed, 16 Sep 2009 07:28:35 GMT)

Magna bankruptcy judge approves Thistledown sale
A Delaware bankruptcy judge has approved the sale of Magna Entertainment Corp.'s Thistledown racetrack in Ohio for $89.5 million. The judge on Tuesday approved the results of an auction the previous day that resulted in the winning bid from Harrah's Operating Co. Harrah's offered $42 million in cash at closing and contingent payments of $47.5 million. An attorney for Ontario-based Magna, which ... (Wed, 16 Sep 2009 11:55:54 GMT)

Airline, media and auto co's risk bankruptcy-study
* Bankruptcy more likely for airlines, media, autos (Wed, 16 Sep 2009 13:59:14 GMT)

CIB parent files for bankruptcy, hopes to emerge within 60 days
CHAMPAIGN — The parent company of Central Illinois Bank has filed for reorganization under Chapter 11 of the bankruptcy code, with hopes of emerging from bankruptcy in 45 to 60 days. (Wed, 16 Sep 2009 14:19:33 GMT)

Airline, media and auto companies risk bankruptcy: study
U.S. companies in the airline, automobile, television and publishing industries are about four times more likely to file for bankruptcy in the next year than companies in other industries, according to a study. (Wed, 16 Sep 2009 14:37:39 GMT)

US Airline, media and auto co's risk bankruptcy: Study
US Airline, media and auto co's risk bankruptcy: StudyUS Airline, media and auto co's risk bankruptcy: Study (Wed, 16 Sep 2009 14:38:58 GMT)

Vail Valley: Eagle Company will hold bankruptcy seminar Monday
Vail Valley: Topics include bankruptcy, debt collectors and keeping your home (Wed, 16 Sep 2009 14:43:27 GMT)

Nortel bankruptcy judge denies Verizon objection
A Delaware bankruptcy judge on Wednesday rejected an objection by Verizon Communications Inc. to Nortel Networks' $900 million sale of a unit that makes communications systems for businesses. (Wed, 16 Sep 2009 17:48:07 GMT)

Nortel Bankruptcy Judge Denies Verizon Objection
Bankruptcy judge rejects Verizon objection to sale of Nortel business systems unit (Wed, 16 Sep 2009 18:26:38 GMT)

Big Bankruptcy Beneficiaries
When a company files for bankruptcy protection, enters receivership or has issues with solvency, its competitors benefit. (Thu, 17 Sep 2009 04:52:53 GMT)

Bankruptcy judge OK’s sale of Remington, Thistledown
WILMINGTON, Del. — A Delaware bankruptcy judge on Tuesday approved the sale of two of Magna Entertainment Corp.’s horse racing tracks — Thistledown in Ohio and Remington Park in Oklahoma City — for a combined total of almost $170 million. (Thu, 17 Sep 2009 13:11:31 GMT)

Will bankruptcy give Crucible Materials Corp. enough breathing room?
Geddes, NY -- Detroit's troubles hammered another Central New York company Wednesday as Crucible Materials Corp. filed for bankruptcy. (Thu, 17 Sep 2009 13:29:32 GMT)

Developer Nick Garrett files for personal bankruptcy protection
By Wayne Faulkner [email protected] Prominent builder and developer Nick Garrett has filed for personal Chapter 11 bankruptcy protection, listing debts of $10 million to $50 million, according to bankruptcy documents filed Wednesday. (Thu, 17 Sep 2009 14:12:34 GMT)

Jasmine Guy - Guy Filed For Bankruptcy
Actress JASMINE GUY filed for bankruptcy during her divorce from TERRENCE MITCHELL DUCKETT as the couple had racked up enormous debts.Guy was recently granted a divorce... (Thu, 17 Sep 2009 15:21:04 GMT)

Guy filed for bankruptcy
Actress Jasmine Guy filed for bankruptcy during her divorce from Terrence Mitchell Duckett as the couple had racked up enormous debts. (Thu, 17 Sep 2009 15:31:50 GMT)

American Axle agreement with lenders staves off bankruptcy
American Axle & Manufacturing Holdings Inc. said Thursday morning that it reached a deal with its lenders that appears to keep the Detroit-based supplier from having to file for bankruptcy protection. (Thu, 17 Sep 2009 15:57:06 GMT)

Judge clears Star Tribune to exit bankruptcy
A federal judge cleared the Star Tribune of Minneapolis on Thursday to emerge from bankruptcy protection by the end of the month under a reorganization that puts Minnesota's largest newspaper in the hands of its main lenders. (Thu, 17 Sep 2009 20:22:00 GMT)

Bankruptcy Judge Confirms Boscov Plan
Judge approves plan for Boscov's to emerge from bankruptcy (Thu, 17 Sep 2009 21:41:30 GMT)

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