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Home > Bankruptcy News

Bankruptcy News Sep 2009

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Bankruptcy judge confirms Boscov plan
Regional department store chain Boscov's won court approval Thursday to bring its Chapter 11 bankruptcy case to a successful conclusion. (Thu, 17 Sep 2009 22:17:50 GMT)

Croatian club avoids bankruptcy with Chelsea option deal
ZAGREB (Reuters) - Croatian club Inter Zapresic have saved themselves from bankruptcy by agreeing an option-to-buy deal with Chelsea for teenage goalkeeper Matej Delac, they said on Friday. (Fri, 18 Sep 2009 12:53:59 GMT)

Croatian club avoids bankruptcy with Chelsea option deal
ZAGREB, Sept 18 — Croatian club Inter Zapresic have saved themselves from bankruptcy by agreeing an option-to-buy deal with Chelsea for teenage goalkeeper Matej Delac, they said today. No financial details were given but Inter said that under the agreement Chelsea would have the option to buy the 17-year-old for the next three years and the keeper would attend training sessions in London during ... (Fri, 18 Sep 2009 13:27:00 GMT)

Boscov's To Emerge From Bankruptcy
A Delaware judge has approved regional department store chain Boscov's emergence from Chapter 11 bankruptcy protection. (Fri, 18 Sep 2009 13:53:08 GMT)

Tommy Robinson Ordered Not To Interfere With Bankruptcy
Former Arkansas Congressman Tommy Robinson is being ordered by a federal judge to never again interfere with his ongoing bankruptcy case. (Fri, 18 Sep 2009 14:15:14 GMT)

Pirate Bay's would-be saviour hit by 'bankruptcy order'
Rough seas ahead Global Gaming Factory X - the supposed saviour of Pirate Bay - has apparently been hit by a bankruptcy order in a Swedish court.… What is your recession sales strategy? (Fri, 18 Sep 2009 14:44:46 GMT)

Pirate Bay suitor served with bankruptcy petition: court
Pirate Bay suitor Global Gaming Factory has been served with a bankruptcy petition, a Stockholm court official said on Friday, after a former board member filed a complaint over unpaid debts. (Fri, 18 Sep 2009 15:18:44 GMT)

Visteon Cuts Bankruptcy Bonus Proposal by $69 Million (Update1)
Sept. 18 (Bloomberg) -- Visteon Corp. cut its proposed bonus program to one-seventh its original size, asking a bankruptcy judge for permission to pay managers and key employees as much as $11.4 million while it reorganizes. (Fri, 18 Sep 2009 15:56:06 GMT)

Visteon Cuts Bankruptcy Bonus Proposal by $69 Million (Update1)
Sept. 18 (Bloomberg) -- Visteon Corp. cut its proposed bonus program to one-seventh its original size, asking a bankruptcy judge for permission to pay managers and key employees as much as $11.4 million while it reorganizes. (Fri, 18 Sep 2009 16:31:52 GMT)

Correction: Triple Crown Media bankruptcy story
In a Sept. 14 story about a bankruptcy filing by Triple Crown Media Inc., The Associated Press erroneously reported that the newspaper publisher is based in Lexington, Ky. The company moved its headquarters from Lexington to Lawrenceville, Ga., in 2008. (Fri, 18 Sep 2009 17:28:38 GMT)

Tougher Canadian bankruptcy laws in effect
OTTAWA, Sept. 18 (UPI) -- A new law making it more difficult for Canadians to declare personal bankruptcy went into effect Friday as figures showed a 35.6 percent increase in filings. (Fri, 18 Sep 2009 18:24:01 GMT)

Minneapolis Star-Tribune to exit bankruptcy Sept 28
The Minneapolis Star-Tribune is poised to exit bankruptcy by the end of September after a federal bankruptcy judge approved a reorganization plan that gives ownership of Minnesota's largest newspaper to its senior lenders. (Fri, 18 Sep 2009 18:29:24 GMT)

Thelen Files for Bankruptcy
The Thelen firm filed for Chapter 7 bankruptcy Thursday night, almost a year after the law firm voted to dissolve. Facing a $25 million judgment granted to a New York landlord in Los Angeles County Superior Court in June, Thelen had 90 days to void the judgment with a bankruptcy or face paying the landlord ahead of other unsecured creditors. A similar judgment forced Heller into bankruptcy last ... (Sat, 19 Sep 2009 02:12:39 GMT)

Edenfield Stages bus firm files for bankruptcy
The private company that operates the fleet of more than 30 buses for the Westmoreland County Transit Authority has filed for bankruptcy. (Sat, 19 Sep 2009 05:06:16 GMT)

Pirate Bay Buyer Sued For Bankruptcy
pharazon writes "Global Gaming Factory (GGF), the prospective buyer of file-sharing site The Pirate Bay, has been sued in the Stockholm District Court for bankruptcy due to an unpaid debt of up to 1.4 million SEK (Swedish Crowns, roughly 200k USD). The issuer is GGF's trading partner, Advatar Systems. GGF was recently de-listed from the Aktietorget.se equity market due to financial and reporting ... (Sat, 19 Sep 2009 06:18:54 GMT)

Owner of 70 Jack in the Box restaurants seeks bankruptcy protection
An already financially troubled Roseville real estate developer who owns 70 Jack in the Box restaurants from Fresno to Redding filed for bankruptcy protection Friday. (Sat, 19 Sep 2009 07:01:43 GMT)

Bulgaria Newspaper in Serbia Begs Govt to Stave off Bankruptcy
The oldest Bulgarian newspaper in Serbia, "Bratstvo" (Brotherhood), has approached the government in Sofia for financial aid to escape bankruptcy after the Serbian state cut by 75% the media funding. (Sat, 19 Sep 2009 11:05:55 GMT)

Judge clears Boscov's to exit bankruptcy
WILMINGTON, Del. — Regional department store chain Boscov's won court approval Thursday to bring its Chapter 11 bankruptcy case to a successful conclusion. (Sat, 19 Sep 2009 13:14:51 GMT)

Tougher Canadian Bankruptcy Laws In Effect
A new law making it more difficult for Canadians to declare personal bankruptcy went into effect Friday as figures showed a 35.6 percent increase in filings. (Sat, 19 Sep 2009 20:11:16 GMT)

Judge clears Star Tribune to exit bankruptcy
NEW YORK (AP) — 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. Approval came despite efforts by lower-level creditors to require the newspaper to reveal the identity of its new publisher beforehand. A committee ... (Sat, 19 Sep 2009 22:58:29 GMT)

Rubber alchemy from bankruptcy, tires
A Canadian company bought the nation's largest tire dump near Hudson a month ago for $6.5 million in bankruptcy court with a plan to pulverize the tires and use the resulting powder in a variety of new applications. (Sun, 20 Sep 2009 07:07:08 GMT)

Bankruptcy judge confirms Boscov plan
WILMINGTON, Del. (AP) — Regional department store chain Boscov’s won court approval Thursday to bring its Chapter 11 bankruptcy case to a successful conclusion. (Sun, 20 Sep 2009 10:11:31 GMT)

Owner of 70 Jack in the Box restaurants seeks bankruptcy protection
An already financially troubled Roseville real estate developer who owns 70 Jack in the Box restaurants from Fresno to Redding filed for bankruptcy protection Friday. (Sun, 20 Sep 2009 13:47:29 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. (Sun, 20 Sep 2009 15:43:28 GMT)

Vatican official asks judge to dismiss Davenport diocese bankruptcy trustee's claim
The Apostolic Nuncio - the Vatican's representative in the United States - is asking a federal judge to dismiss a $72,900 request made of it by the trustee overseeing the Diocese of Davenport's bankruptcy settlement. (Mon, 21 Sep 2009 02:52:44 GMT)

Thelen Files for Bankruptcy
The Thelen firm filed for Chapter 7 bankruptcy Thursday night, almost a year after the law firm voted to dissolve. Facing a $25 million judgment granted to a New York landlord in Los Angeles County Superior Court in June, Thelen had 90 days to void the judgment with a bankruptcy or face paying the landlord ahead of other unsecured creditors. (Mon, 21 Sep 2009 07:02:13 GMT)

Owner of 70 Jack in the Box restaurants seeks bankruptcy protection
An already financially troubled Roseville real estate developer who owns 70 Jack in the Box restaurants from Fresno to Redding filed for bankruptcy protection Friday. (Mon, 21 Sep 2009 07:21:50 GMT)

Bankruptcy won't void award
Las Vegas chiropractor Stephen Shaw, who shoved a man to his death in 2005, cannot avoid paying civil damages to the victim's widow by declaring bankruptcy. (Mon, 21 Sep 2009 09:09:23 GMT)

Bankruptcy court to hold auction for Crucible Specialty Metals today
Lauren Long / The Post-Standard An auction is scheduled today for the Crucible Specialty Metals steel mill in Geddes. Geddes, NY -- An auction is scheduled to be held in U.S. Bankruptcy Court in Delaware today for the Crucible Specialty Metals steel mill in Geddes. (Mon, 21 Sep 2009 11:14:22 GMT)

Kalashnikov Maker Files for Bankruptcy
The Court of Arbitration of the Republic of Udmurtia registered a petition in bankruptcy of JSC Izhmash (Izhevsk Mechanical Works), the largest firearms maker in Russia, Interfax reports. The court hearings to investigate the causes of the petition will be held on October 7, 2009. (Mon, 21 Sep 2009 12:40:45 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. (Mon, 21 Sep 2009 13:16:38 GMT)

Russia's legendary Kalashnikov producer faces bankruptcy
An arbitration court has accepted a bankruptcy suit against the producer of Russia's famed Kalashnikov assault rifles, Russian media reported on Monday. (Mon, 21 Sep 2009 13:31:12 GMT)

Coeur Defense Bondholders May Challenge Bankruptcy Protection
Sept. 21 (Bloomberg) -- Investors in 1.6 billion euros ($2.3 billion) of bonds backed by mortgages on the Coeur Defense office complex in Paris may appeal against a French court’s decision to extend the building’s bankruptcy protection. (Mon, 21 Sep 2009 15:11:44 GMT)

Doll & Doll Motor Co. files for Chapter 11 bankruptcy protection
Financially troubled Doll & Doll Motor Company, which operates Rob Doll Nissan in Columbus, filed for Chapter 11 bankruptcy protection late last week. (Mon, 21 Sep 2009 15:16:57 GMT)

Md. Christian Academy Files for Bankruptcy Protection
A financially troubled Temple Hills Christian school filed for Chapter 11 bankruptcy protection Monday, staving off the sale of the property in a foreclosure auction that was scheduled for Tuesday, according to the auctioneer. (Tue, 22 Sep 2009 04:00:00 GMT)

Builder tied to Easley files for bankruptcy
Nick Garrett, a Wilmington developer tied to former Gov. Mike Easley, has filed for bankruptcy. (Tue, 22 Sep 2009 06:02:34 GMT)

6 Colo. dairies in bankruptcy; more to come
At least six Colorado dairies have sought bankruptcy protection this year, and several more farms are planning similar actions, industry experts say. (Tue, 22 Sep 2009 07:08:50 GMT)

Top issues unsettled in casino bankruptcy
Greektown Casino's bankruptcy is headed into its final stretch, yet some key issues remain unresolved. Its unsecured creditors and bondholders have questioned how the casino's worth of $540 million -- which leaves them with nothing -- was calculated. Bondholders alone are owed $185 million that would not be recovered. (Tue, 22 Sep 2009 07:23:14 GMT)

Modify home loan before filing bankruptcy
Confirm mortgage modification in writing before you file for bankruptcy or the lender may void it. (Tue, 22 Sep 2009 10:00:00 GMT)

Modify home loan before filing bankruptcy
Dear Bankruptcy Adviser, I am in the process of a loan modification on my home with my lender and will eventually need to file for bankruptcy. I have picked up a ton of debt trying to save my house. How do I know that the loan modification will be OK after I file? (Tue, 22 Sep 2009 11:36:29 GMT)

6 Colorado dairies file for bankruptcy this year
DENVER (AP) - Six Colorado dairies have filed for bankruptcy protection this year amid banking problems and low milk prices. (Tue, 22 Sep 2009 13:39:10 GMT)

Bankruptcy tips
Declaring bankruptcy is not an easy choice. But for those in dire straits, it can prove a viable option that allows financial recovery. (Tue, 22 Sep 2009 13:46:52 GMT)

Ala. gov candidate: County should seek bankruptcy
A Republican candidate for governor says officials in Alabama's most populated county should immediately seek a Chapter 9 bankruptcy to deal with an about $4 million in debt on its sewer system. (Tue, 22 Sep 2009 14:29:23 GMT)

Tuesday: Stokes Bankruptcy, Coal Reserves, Baucus Amendments
Good morning; on the Beacon today, a federal bankruptcy judge ruled Monday that Kalispell radio station owner John Stokes must convert to Chapter 7 bankruptcy proceedings, a decision that will allow for the liquidation of most of his assets in order to pay his debts. District judges in Flathead County have removed themselves from presiding over any possible court dealings involving state Sen ... (Tue, 22 Sep 2009 15:48:23 GMT)

Visteon asks bankruptcy court for more time
Auto parts supplier Visteon Corp. is asking a judge for more time as it works to emerge from bankruptcy protection. (Tue, 22 Sep 2009 20:20:43 GMT)

Visteon asks bankruptcy court for more time
Auto parts supplier Visteon Corp. is asking a judge for more time as it works to emerge from bankruptcy protection. On Monday, the company asked that its exclusive rights to file a Chapter 11 plan be extended beyond a Friday deadline. (Tue, 22 Sep 2009 20:20:43 GMT)

Visteon Asks Bankruptcy Court for More Time
Visteon says it's close to emerging from bankruptcy, asks court for more time (Tue, 22 Sep 2009 20:41:18 GMT)

After 2008 bankruptcy, new design co. emerges
When the 23-year-old Domain Home chain filed for Chapter 11 bankruptcy last year amid a liquidity crisis and $19.8 million in debt, founder Judy George said she had two choices. ... (Wed, 23 Sep 2009 04:21:11 GMT)

Companies in Danger of Bankruptcy: Report
A new study from research group Audit Integrity seeks to identify the companies most at risk of bankruptcy. (Wed, 23 Sep 2009 07:13:04 GMT)

Judge dismisses SIST bankruptcy
A federal bankruptcy court judge in Delaware Tuesday signed an order dismissing the Chapter 11 bankruptcy petition filed by the Samanta Roy Institute of Science and Technology, Inc. and several of its subsidiaries. (Wed, 23 Sep 2009 10:45:43 GMT)

2 plead not guilty to bankruptcy fraud charges
Associated Press - September 23, 2009 6:54 AM ET ALEXANDRIA, La. (AP) - A former Alexandria businessman and his wife have pleaded not guilty to federal bankruptcy fraud charges. (Wed, 23 Sep 2009 11:08:41 GMT)

6 Colorado dairies file for bankruptcy this year | The Associated Press
DENVER – Six Colorado dairies, including one in the Mead area, have filed for bankruptcy protection this year amid banking problems and low milk prices. (Wed, 23 Sep 2009 12:32:06 GMT)

Are Rite Aid, Macy's Bankruptcy-Bound?
Rite Aid and Macy's rank among companies with the highest probability of filing for bankruptcy, according to a recent report. (Wed, 23 Sep 2009 13:25:34 GMT)

Six Colorado Dairies File for Bankruptcy
Banking problems and low milk prices have caused six Colorado dairies to file for bankruptcy protection this year and more may be preparing to do so, according to the Associated Press. Four of the dairies had loans from the now-collapsed bank, which increased the chance the dairies would be forced out of business if investors taking over the bank's loans demanded immediate repayment. (Wed, 23 Sep 2009 15:51:43 GMT)

IT Holding Administrator Seeks Bids in Bankruptcy Process
Sept. 24 (Bloomberg) -- IT Holding SpA said in a statement that bankruptcy administrators will seek bids for the company or for its stakes and brands. (Thu, 24 Sep 2009 09:48:44 GMT)

Russian bank files bankruptcy suits against UC Rusal
Alfa Bank, Russia's largest private bank, on Thursday said it had filed a bankruptcy suit against two major units of the aluminium giant UC Rusal owned by troubled oligarch Oleg Deripaska. (Thu, 24 Sep 2009 09:59:48 GMT)

Russia's Alfa demands bankruptcy of Deripaska firms
* Alfa-Bank demands bankruptcy of two UC RUSAL units (Thu, 24 Sep 2009 12:46:59 GMT)

Finlay Assets Said to Be Bought by Gordon in Bankruptcy Auction
Sept. 24 (Bloomberg) -- The assets of Finlay Enterprises Inc., the 122-year-old jewelry retailer, were sold in a bankruptcy auction to Gordon Brothers Group LLC, according to two people with knowledge of the situation. (Thu, 24 Sep 2009 14:31:24 GMT)

Bankruptcy judges signs off on Cubs sale
A federal bankruptcy judge in Delaware has approved the Tribune Co.'s sale of the Chicago Cubs. The judge on Thursday authorized Tribune to enter into transactions to sell the team to the family of billionaire Joe Ricketts, founder of TD Ameritrade. The family agreed to buy a 95 percent stake in the team and its Wrigley Field home for $845 million. (Thu, 24 Sep 2009 15:09:16 GMT)

Bankruptcy judges signs off on Cubs sale
A federal bankruptcy judge in Delaware has approved the Tribune Co.'s sale of the Chicago Cubs. (Thu, 24 Sep 2009 15:32:45 GMT)

Bankruptcy judges signs off on Cubs sale
A federal bankruptcy judge in Delaware has approved the Tribune Co.'s sale of the Chicago Cubs. The judge on Thursday authorized Tribune to enter into transactions to sell the team to the family of billionaire Joe Ricketts, founder of TD Ameritrade. (Thu, 24 Sep 2009 15:32:45 GMT)

Proposed Cubs sale clears first of a two-step bankruptcy court process
Wilmington, Del.--- Tribune Co.'s proposed sale of the Chicago Cubs to the Ricketts family received the first of a two-step approval process in bankruptcy court Thursday. (Thu, 24 Sep 2009 15:49:16 GMT)

Macy's, Goodyear respond to bankruptcy probability report
Bankruptcy probability report named Macy's Inc., Goodyear Tire & Rubber Co. and Rite Aid Corp. (Thu, 24 Sep 2009 15:53:51 GMT)

Bankruptcy judge OKs Tribune's sale of Chicago Cubs
A federal bankruptcy judge in Wilmington, Del. has approved the Tribune Co.'s sale of the Chicago Cubs. (Thu, 24 Sep 2009 15:57:47 GMT)

Bankruptcy Judge Gives O.K. to Sale of the Cubs
A federal bankruptcy court judge in Delaware approved the Tribune Company’s $845 million sale of the Chicago Cubs to the family of Joe Ricketts, the founder of the TD Ameritrade. (Fri, 25 Sep 2009 05:02:53 GMT)

Japan Airlines Bankruptcy Must Be Avoided, Prime Minister Says
Sept. 25 (Bloomberg) -- Japan Airlines Corp., seeking a fourth state bailout since 2001, must avoid bankruptcy, Prime Minister Yukio Hatoyama said. (Fri, 25 Sep 2009 08:05:27 GMT)

Japan Air to Be Reorganized by Government, Avoid Bankruptcy
Sept. 25 (Bloomberg) -- Japan Airlines Corp., seeking a fourth state bailout since 2001, will be reorganized under a government plan designed to avert a bankruptcy at the nation’s largest carrier. (Fri, 25 Sep 2009 08:20:15 GMT)

Bankruptcy Judge Gives O.K. to Sale of the Cubs
A federal bankruptcy court judge in Delaware on Thursday approved the Tribune Company ’s $845 million sale of the Chicago Cubs to the family of Joe Ricketts, the founder of the TD Ameritrade discount brokerage. (Fri, 25 Sep 2009 09:41:15 GMT)

Simmons Plans to File for Bankruptcy Protection
Simmons plans to file for Ch. 11 bankruptcy protection as part of restructuring plan (Fri, 25 Sep 2009 11:41:18 GMT)

Simmons Files for Bankruptcy, Sells Bedding Unit
Simmons Files for Bankruptcy, Sells Bedding Unit (Fri, 25 Sep 2009 11:42:36 GMT)

Simmons plans to file for bankruptcy protection
Simmons Co., the maker of Beautyrest mattresses, said Friday that it plans to file for Chapter 11 bankruptcy protection in a move that will put new owners in charge of the bedding unit and significantly lower the company's debt. Sales have slumped for... Sponsored Topics: Chapter 11 Title 11 United States Code - Company - Law - Debt - Business (Fri, 25 Sep 2009 12:09:59 GMT)

Simmons plans to file for bankruptcy protection
Simmons Co., the maker of Beautyrest mattresses, said Friday that it plans to file for Chapter 11 bankruptcy protection in a move that will put new owners in charge of the bedding unit and significantly lower the company's debt. (Fri, 25 Sep 2009 13:56:58 GMT)

Bankruptcy judge backs Grupo Mexico bid for Asarco
A bankruptcy judge is recommending a revised bid from Sterlite Industries for the assets of Arizona miner Asarco LLC be rejected. He says the Grupo Mexico bid to regain control over Asarco is still superior. (Fri, 25 Sep 2009 15:03:03 GMT)

Bankruptcy judge backs Grupo Mexico bid for Asarco
A bankruptcy judge is recommending a revised bid from Sterlite Industries for the assets of Arizona miner Asarco LLC be rejected. He says the Grupo Mexico bid to regain control over Asarco is still superior. U.S. Bankruptcy Judge Richard Schmidt said Thursday... Sponsored Topics: Bankruptcy - Arizona - Law - Services - Lawyers and Law Firms (Fri, 25 Sep 2009 15:24:49 GMT)

Simmons plans to file for bankruptcy protection
Simmons Co., the maker of Beautyrest mattresses, said Friday that it plans to file for Chapter 11 bankruptcy protection, a move that will put new owners in charge of the bedding unit and significantly lower the company's debt. (Fri, 25 Sep 2009 18:22:00 GMT)

Hearing aid co. rebounds from bankruptcy
Zounds Inc, a Mesa manufacturer and retailer of hearing aids, recently emerged from Chapter 11 bankruptcy. The company filed for protection in April after two of its investors acquired the company. (Sat, 26 Sep 2009 00:14:50 GMT)

$24M Deal in Chrysler Wrongful Death Case Approved by Bankruptcy Court
A bankruptcy court judge on Thursday approved a $24 million settlement by Chrysler in the death of a man who was run over by a Dodge pickup truck in 2004. The plaintiffs lawyers said Friday that their demand that Chrysler post an appeal bond after they won a $55.2 million verdict proved to be key once the automaker filed for bankruptcy in April. "Had we not gotten the judgment bonded, we would ... (Sat, 26 Sep 2009 03:57:56 GMT)

Read up on personal bankruptcy before making a decision
Resources for learning about bankruptcy (Sat, 26 Sep 2009 05:28:30 GMT)

Frontier to emerge from bankruptcy Oct. 1.
Frontier Airlines Inc. said it will emerge from bankruptcy on Oct. 1. as a wholly owned unit of Republic Airways Holdings Inc. The airline won court approval of its bankruptcy plan Sept. 10, clearing the way for the sale to Republic. The company, citing reorganization costs of $10.5 million, said Friday in a statement that it had a net loss of $2 million in August, compared with a $3.3 million ... (Sat, 26 Sep 2009 07:29:18 GMT)

Britain fast becoming Europe's 'bankruptcy tourism' hotspot
Britain fast becoming Europe's 'bankruptcy tourism' hotspotBritain fast becoming Europe's 'bankruptcy tourism' hotspot (Sat, 26 Sep 2009 11:23:57 GMT)

'Sun-Times' Bankruptcy Judge Extends Union Concession Deadline
CHICAGO The judge presiding over the Sun-Times Media Group's bankruptcy case has effectively tossed out the Sept. 29 deadline for union concessions set by the chain's prospective buyer. (Sat, 26 Sep 2009 11:24:27 GMT)

Lodge at Aspen Mountain developers file for bankruptcy
ASPEN - A development group that wants to build a hotel at the base of Aspen Mountain filed for Chapter 11 bankruptcy Friday. (Sat, 26 Sep 2009 12:39:02 GMT)

Britain attracting 'bankruptcy tourists'
LONDON, Sept. 26 (UPI) -- Britain is attracting Europeans with financial problems because of its lenient bankruptcy laws, observers say. (Sat, 26 Sep 2009 14:38:55 GMT)

Report: Escaped Wash. Killer Filed For Bankruptcy
SPOKANE -- A psychotic killer who escaped for three days from Eastern State Hospital this month is having financial troubles. KREM-TV of Spokane reports that Phillip A. Paul filed for chapter seven bankruptcy protection in July. He owes more than $85,000 to various credit card companies. (Sun, 27 Sep 2009 00:06:10 GMT)

Report: Psycho killer filed for bankruptcy
A psychotic killer who escaped for three days from Eastern State Hospital this month filed for Chapter 7 bankruptcy protection in July, a month before esaping from the Spokane County Fair. He owes more than $85,000 to various credit card companies. (Sun, 27 Sep 2009 01:02:00 GMT)

Japan's transport minister says Japan Airlines won't be forced into bankruptcy
TOKYO — Japan's transport minister said Sunday he will not force the struggling Japan Airlines, Asia's biggest airline, into bankruptcy. "We will not crush and liquidate (the airline)," Land, Infrastructure and Transport Minister Seiji Maehara said on a TV Asahi talk show. "It's just impossible." (Sun, 27 Sep 2009 07:40:25 GMT)

Local Economist Files Bankruptcy
SPRINGDALE — Jeff Collins, a well-known economist throughout Arkansas, declared insolvency with a Chapter 7 bankruptcy filing in Fayetteville last week. (Sun, 27 Sep 2009 07:44:52 GMT)

Judge gets update on former quarterback Michael Vick's bankruptcy plan
NORFOLK, Va. - Michael Vick's revised bankruptcy plan will incorporate many of the suggestions made by a judge who rejected his first proposal, but will still be based largely on resuming his once-lucrative NFL career, a lawyer for the former Atlanta Falcons quarterback said Tuesday. (Sun, 27 Sep 2009 07:59:03 GMT)

Credit companies, scammers offer out for bankruptcy
The ads are everywhere — on the Internet, in your e-mail and on the radio. "Secret program the credit-card companies don't want you to know about." "Eliminate 75 percent of your debt without a bankruptcy." "Cut payments, get out of debt and save." A free lunch always sounds good, but never better than now with Americans staggering under near-record debt loads and losing their jobs by the ... (Sun, 27 Sep 2009 09:45:54 GMT)

Lodge at Aspen Mountain developers file for bankruptcy
ASPEN - A development group that wants to build a hotel at the base of Aspen Mountain filed for Chapter 11 bankruptcy Friday. (Sun, 27 Sep 2009 11:54:53 GMT)

Japan's transport minister says Japan Airlines won't be forced into bankruptcy
TOKYO (AP) — Japan's transport minister said Sunday he will not force the struggling Japan Airlines, Asia's biggest airline, into bankruptcy. (Sun, 27 Sep 2009 14:04:53 GMT)

$24M Deal in Chrysler Wrongful Death Case Approved by Bankruptcy Court
A bankruptcy court judge on Thursday approved a $24 million settlement by Chrysler in the death of a man who was run over by a Dodge pickup truck in 2004. The plaintiffs lawyers said Friday that their demand that Chrysler post an appeal bond after they won a $55.2 million verdict proved to be key once the automaker filed for bankruptcy in April. (Mon, 28 Sep 2009 07:03:00 GMT)

Star Tribune emerging from bankruptcy protection
The Star Tribune is preparing to emerge from bankruptcy protection and is actively seeking a new publisher. (Mon, 28 Sep 2009 11:48:38 GMT)

Star Tribune emerging from bankruptcy protection
The Star Tribune is preparing to emerge from bankruptcy protection and is actively seeking a new publisher. Minnesota's largest newspaper says it will emerge from Chapter 11 protection Monday, complying with the timeline agreed to under a reorganization plan... Sponsored Topics: Star Tribune - Minnesota - Chapter 11 Title 11 United States Code - Newspaper - United States (Mon, 28 Sep 2009 12:24:49 GMT)

Poll Says Sirius XM Headed For Bankruptcy
Is Sirius XM headed for bankruptcy? That's the consensus of users of TheStreet in our latest poll. (Mon, 28 Sep 2009 13:11:04 GMT)

Holley Performance files Chap. 11 bankruptcy
Holley Performance, a supplier of high-performance products to professional racers and street car enthusiasts, has filed again for Chapter 11 bankruptcy protection. (Mon, 28 Sep 2009 15:06:26 GMT)

Holley Performance Files Chap. 11 Bankruptcy
Performance parts maker Holley seeks bankruptcy protection (Mon, 28 Sep 2009 15:12:18 GMT)

Holley Performance files Chap. 11 bankruptcy
WILMINGTON, Del. (AP) — Holley Performance, a supplier of high-performance products to professional racers and street car enthusiasts, has filed again for Chapter 11 bankruptcy protection. The Bowling Green, Kentucky company said in a Delaware court filing Monday that it has been unable to reach an agreement with lenders who say Holley has defaulted on the debt terms of its 2008 bankruptcy ... (Mon, 28 Sep 2009 15:19:47 GMT)

Holley Performance files Chap. 11 bankruptcy
Holley Performance, a supplier of high-performance products to professional racers and street car enthusiasts, has filed again for Chapter 11 bankruptcy protection. The Bowling Green, Kentucky company said in a Delaware court filing Monday that it has been... Sponsored Topics: Delaware - Chapter 11 Title 11 United States Code - Bowling Green Kentucky - Auto racing - Kentucky (Mon, 28 Sep 2009 15:39:49 GMT)

Star Tribune emerges from bankruptcy protection
The Star Tribune of Minneapolis has emerged from bankruptcy protection with new ownership and reduced debt. (Mon, 28 Sep 2009 15:40:20 GMT)

Star Tribune emerges from bankruptcy protection
The Star Tribune of Minneapolis has emerged from bankruptcy protection with new ownership and reduced debt. In emerging from Chapter 11 on Monday, the Star Tribune is now owned primarily by its senior lenders, led by investment group Angelo, Gordon & Co. (Mon, 28 Sep 2009 15:40:20 GMT)

Newspaper companies out of bankruptcy protection
Newspaper companies that have emerged from bankruptcy protection: (Mon, 28 Sep 2009 18:57:49 GMT)

Star Tribune Emerges From Bankruptcy
The Star Tribune emerged from bankruptcy protection Monday with its main lenders becoming the new owners and its debt slashed by 80 percent, The Associated Press reported. (Mon, 28 Sep 2009 21:26:17 GMT)

Star Tribune emerges from bankruptcy protection
The Star Tribune emerged from bankruptcy protection Monday with its main lenders becoming the new owners and its debt slashed by 80 percent. (Mon, 28 Sep 2009 22:02:03 GMT)

3 approaches to bankruptcy after job loss
Dear Bankruptcy Adviser, We have been in Chapter 13 bankruptcy for almost two years. My husband lost his job in May of this year. We cannot afford the $1,800-per-month (bankruptcy plan) payment without my husband's income. (Tue, 29 Sep 2009 11:36:49 GMT)

Full disclosure essential when filing for bankruptcy
Q. I’m in the process of getting ready to file for Chapter 7 bankruptcy. I have been current on my house and car payments. There is not any equity in the house as I now owe more than it’s worth.... (Tue, 29 Sep 2009 12:07:56 GMT)

FairPoint staves off bankruptcy for Oct.
FairPoint Communications has made an agreement with its lenders to postpone a $42 million payment and to use the month of October to come up with a plan to restructure nearly $2 billion of debt. Analysts say it is a sign that the company is headed toward Chapter 11 bankruptcy. ... - By CHELSEA CONABOY Concord Monitor (Tue, 29 Sep 2009 12:22:24 GMT)

Pension Regulator Gets Involved in Philadelphia Newspapers' Bankruptcy Plan
CHICAGO The federal corporation that guarantees pensions wants to know what Philadelphia Newspapers intends to do with its union pension plan when it emerges from bankruptcy -- keep it or terminate it, and on what terms? (Tue, 29 Sep 2009 12:54:27 GMT)

FairPoint may file for bankruptcy
CHARLOTTE, N.C. (AP) — Troubled phone company FairPoint Communications Inc. said Monday that it's in talks with some of its lenders in hopes of restructuring its debt, but still may be forced to file for bankruptcy protection. (Tue, 29 Sep 2009 13:43:25 GMT)

Imagine moves out of bankruptcy
An international adoption agency that collapsed this summer, stunning hundreds of would-be adoptive parents who had put up thousands of dollars, was moved out of bankruptcy yesterday. (Wed, 30 Sep 2009 08:38:55 GMT)

CIT Group shares plunge on report lender is again on brink of bankruptcy
NEW YORK - CIT Group Inc. shares plunged Wednesday as the commercial lender is reportedly trying to craft an exchange that would cut its debt and offer bondholders an equity stake in the company in a bid to avoid bankruptcy. (Wed, 30 Sep 2009 11:41:14 GMT)

CIT Group shares plunge in premarket amid report lender is again on brink of bankruptcy
NEW YORK - CIT Group Inc. shares plunged in premarket trading Wednesday as the commercial lender is reportedly trying to craft an exchange that would cut its debt and offer bondholders an equity stake in the company in a bid to avoid bankruptcy. (Wed, 30 Sep 2009 11:55:00 GMT)

DataX, Ltd. Adds Bankruptcy Information to Its Credit Reporting Agency
LAS VEGAS, NV--(Marketwire - 09/30/09) - DataX, Ltd., the industry leading real-time subprime credit reporting agency and data verification provider, announced today it now includes bankruptcy data in its credit reports to clients. This data gives DataX customers an additional level of consumer financial information on which to base loan underwriting decisions. DataX Credit Reporting Agency ... (Wed, 30 Sep 2009 13:00:00 GMT)

Scooter company with New Bedford plant files for bankruptcy
NEW BEDFORD - Vectrix Corp., the struggling maker of electric scooters with a research facility in New Bedford, has filed for bankruptcy, reports the (Wed, 30 Sep 2009 13:35:00 GMT)

Despite Holley bankruptcy filing, BG employees won’t be affected
A Bowling Green company has filed bankruptcy for the second time since 2008, but local workers will not be affected, an official says. (Wed, 30 Sep 2009 14:43:32 GMT)

CIT Group again on brink of bankruptcy
CIT Group shares plunge Wednesday after report indicates danger of bankruptcy still looms (Wed, 30 Sep 2009 15:07:55 GMT)

Research and Markets: Where & Why to Give Bankruptcy Speeches - Using Presentations, Speeches & Webinars as a Way to ...
DUBLIN----Research and Markets has announced the addition of the "Where & Why to Give Bankruptcy Speeches: Using Presentations, Speeches & Webinars as a Way to Establish Yourself as a Thought Leader" audioconference to their offering. (Wed, 30 Sep 2009 15:15:00 GMT)

(AFX UK Focus) 2009-09-30 16:02 Ex-bankruptcy judge to lead Extended Stay probe
NEW YORK, Sept 30 (Reuters) - A former bankruptcy court judge was appointed to examine the purchase and financing of lodging chain Extended Stay America Inc, a bankrupt chain of hotels. Ralph Mabey, who served as a bankruptcy judge from 1979 to 1983, was named by a New York bankruptcy court to look into the acquisition of Extended Stay by David Lichtenstein's Lightstone Group. Lightstone ... (Wed, 30 Sep 2009 15:27:24 GMT)

DataX, Ltd. Adds Bankruptcy Information to Its Credit Reporting Agency
LAS VEGAS, NV--(Marketwire - September 30, 2009) - DataX, Ltd., the industry leading real-time subprime credit reporting agency and data verification provider, announced today it now includes bankruptcy data in its credit reports to clients. This data gives DataX customers an additional level of consumer financial information on which to base loan underwriting decisions. DataX Credit Reporting ... (Wed, 30 Sep 2009 15:32:59 GMT)

Bankruptcy judge rejects both bids for Coyotes
PHOENIX (AP) -- A bankruptcy judge has rejected both bids to buy the Phoenix Coyotes. (Wed, 30 Sep 2009 22:02:31 GMT)

CIT eyes debt exchange or prepack bankruptcy: sources
CIT Group Inc is planning to offer its unsecured debt holders two options: either exchange their debt voluntarily, or face a prepackaged bankruptcy, sources close to the situation said on Wednesday. (Wed, 30 Sep 2009 22:43:18 GMT)

CIT eyes debt exchange or prepack bankruptcy: sources
NEW YORK (Reuters) - CIT Group Inc is planning to offer its unsecured debt holders two options: either exchange their debt voluntarily, or face a prepackaged bankruptcy, sources close to the situation said on Wednesday. (Wed, 30 Sep 2009 22:43:18 GMT)

Bankruptcy judge nixes both bids for Coyotes
A US bankruptcy judge turned down both bids for the Phoenix Coyotes on the eve of the new National Hockey League season, nixes a relocation bid to Canada but leaving hope for an NHL takeover. (Wed, 30 Sep 2009 22:53:13 GMT)

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