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Home > Bankruptcy News

Bankruptcy News Oct 2009

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Bankruptcy judge rejects both bids to buy Coyotes
The NHL could claim a partial victory on Wednesday after a U.S. bankruptcy judge rejected bids by the league and Canadian billionaire Jim Balsillie to purchase the Phoenix Coyotes. Judge Redfield T. Baum rejected outright Balsillie's offer to purchase the team and move it to Hamilton, Ontario, which the NHL had vehemently opposed. (Thu, 01 Oct 2009 00:02:32 GMT)

Bankruptcy judge rejects both bids to buy Coyotes
The NHL could claim a partial victory on Wednesday after a U.S. bankruptcy judge rejected bids by the league and Canadian billionaire Jim Balsillie to purchase the Phoenix Coyotes. (Thu, 01 Oct 2009 10:09:40 GMT)

Frontier exits bankruptcy today
Frontier Airlines is set to emerge from Chapter 11 bankruptcy protection today. With that, the Denver Business Journal notes "the scrappy Denver ... (Thu, 01 Oct 2009 13:35:00 GMT)

Frontier Airlines emerges from bankruptcy
Frontier Airlines is set to exit bankruptcy protection on Thursday as part of Republic Airways, which seems determined to run an efficient airline even if it ruffles some feathers in the process. (Thu, 01 Oct 2009 14:53:15 GMT)

Frontier Airlines emerges from bankruptcy
Frontier Airlines emerged from bankruptcy protection on Thursday, under new ownership but still facing a tough competitive situation at its Denver base. (Thu, 01 Oct 2009 15:07:55 GMT)

Frontier Airlines emerges from bankruptcy
Frontier Airlines is out of bankruptcy protection and is now a wholly owned subsidiary of Republic Airways Holdings Inc. (Thu, 01 Oct 2009 15:15:33 GMT)

Frontier Airlines emerges from bankruptcy
Frontier Airlines emerged from bankruptcy protection on Thursday, under new ownership but still facing a tough competitive situation at its Denver base. (Thu, 01 Oct 2009 16:40:43 GMT)

US Shipping Partners' bankruptcy plan confirmed
Petroleum and chemical shipper U.S. Shipping Partners LP said Thursday that a New York bankruptcy court has confirmed its reorganization plan. (Thu, 01 Oct 2009 19:38:33 GMT)

CIT Seeks To Restructure Debt, May File Bankruptcy
CIT Seeks To Restructure Debt, May File Bankruptcy (Fri, 02 Oct 2009 03:53:04 GMT)

CIT seeks to restructure debt, may file bankruptcy
CIT says it will seek to restructure its debt, adding that it may file for bankruptcy protection if its exchange offer is unsuccessful. (Fri, 02 Oct 2009 03:55:28 GMT)

CIT launches debt-swap plan, warns about bankruptcy
CIT Group Inc launched on Thursday a debt-exchange plan that the struggling lender to small and mid-sized companies hopes will prevent it from filing for bankruptcy. (Fri, 02 Oct 2009 04:05:42 GMT)

CIT launches debt-swap plan, warns about bankruptcy
NEW YORK (Reuters) - CIT Group Inc launched on Thursday a debt-exchange plan that the struggling lender to small and mid-sized companies hopes will prevent it from filing for bankruptcy. (Fri, 02 Oct 2009 04:05:42 GMT)

Edge Petroleum Files For Chapter 11 Bankruptcy
Edge Petroleum Files For Chapter 11 Bankruptcy (Fri, 02 Oct 2009 10:53:08 GMT)

Edge Petroleum files for Ch. 11 bankruptcy
Independent energy company Edge Petroleum Corp. said Friday it has filed for Chapter 11 bankruptcy protection. The company said it has reached an agreement with its lenders to sell its assets to a third party for $191 million, with its lenders receiving all of the proceeds. (Fri, 02 Oct 2009 11:44:48 GMT)

CIT Launches Debt-Swap Plan, Warns About Bankruptcy
CIT Launches Debt-Swap Plan, Warns About Bankruptcy (Fri, 02 Oct 2009 12:53:28 GMT)

CIT eyes bankruptcy if debt exchange plan fails
Ailing lending giant CIT Group warned Friday it might file for bankruptcy if it failed to launch a comprehensive debt-exchange plan to beef up capital levels. (Fri, 02 Oct 2009 15:30:31 GMT)

Bankruptcy Filing Changes That Could Affect You
When the economy is down, more people file for bankruptcy. Make sure you know about the changes that have been made to this process. (Fri, 02 Oct 2009 21:38:23 GMT)

Edge Petroleum Files for Bankruptcy
Edge Petroleum Corp announced it has filed bankruptcy, Friday. (Fri, 02 Oct 2009 23:08:18 GMT)

Ford objects to Visteon bankruptcy plan
Visteon Corp. is giving up contracts with General Motors Co., Ford Motor Co., Chrysler LLC and Nissan Motor Co., as part of its bankruptcy reorganization. (Fri, 02 Oct 2009 23:48:41 GMT)

Britain Attracting 'Bankruptcy Tourists'
Britain is attracting Europeans with financial problems because of its lenient bankruptcy laws, observers say. (Sat, 03 Oct 2009 04:09:10 GMT)

Suit says bankruptcy led to firing
MADISON - A former Menomonie-based credit union employee alleged she was fired because her bankruptcy "doesn't make the credit union look good," according to a lawsuit filed this week in federal court. (Sat, 03 Oct 2009 05:13:07 GMT)

Regina's Trade Winds Travel files for bankruptcy leaving few assets to repay would-be travellers
A Regina travel agency that left a number of would-be travellers in a holding pattern after suddenly closing its doors has filed for bankruptcy, leaving few reported assets to repay those who lost money. (Sat, 03 Oct 2009 07:00:24 GMT)

CIT eyes debt exchange or bankruptcy: sources
CIT Group Inc plans to offer its unsecured debtholders two options: either exchange their debt voluntarily or face a pre-packaged bankruptcy, sources close to the situation said Wednesday. (Sat, 03 Oct 2009 13:31:28 GMT)

IRD warns tycoon - pay $3.5m or face bankruptcy
Property tycoon David Stewart Henderson - the man involved in a celebrity drug ring in 2005 - is being threatened with bankruptcy. He confirmed Inland Revenue had lodged a bankruptcy application in the High Court at Auckland. (Sat, 03 Oct 2009 15:49:46 GMT)

IRD warns tycoon - pay $3.5m or face bankruptcy
Property tycoon David Stewart Henderson - the man involved in a celebrity drug ring in 2005 - is being threatened with bankruptcy.He confirmed Inland Revenue had lodged a bankruptcy application in the High Court at Auckland.A... (Sat, 03 Oct 2009 16:34:24 GMT)

SIST files bankruptcy ruling appeal
Attorneys for the Samanta Roy Institute of Science and Technology Friday filed an appealed of a Sept. 22 U.S. Bankruptcy Court ruling which dismissed the organization’s petition for bankruptcy protection. (Sun, 04 Oct 2009 10:45:53 GMT)

Henderson trying to avert bankruptcy
Troubled Christchurch property developer David Henderson is hoping his wine stocks will save him from bankruptcy today. (Sun, 04 Oct 2009 16:14:37 GMT)

Judge: Georgia woman must pay ex-Alabama, NBA player Jason Caffey for bankruptcy violation
A federal judge last week upheld a decision to hold a Georgia woman personally liable to seeking child support payments from former pro basketball player Jason Caffey after he had filed for bankruptcy protection. (Sun, 04 Oct 2009 19:02:39 GMT)

Frontier Airlines emerges from bankruptcy
Frontier Airlines emerged from bankruptcy protection on Thursday, under new ownership but still facing a tough competitive situation at its Denver base. (Mon, 05 Oct 2009 06:35:15 GMT)

Goldman to get $1 bn if CIT files for bankruptcy
Goldman Sachs will receive $1 billion, while US taxpayers will lose $2.3 billion if embattled commercial lender CIT files for bankruptcy protection. (Mon, 05 Oct 2009 08:04:44 GMT)

Bankruptcy Deadline
It's sink or swim time, for a local powerboat business. Today is the deadline for Fountain Powerboats in Beaufort County to restructure their Chapter 11 bankruptcy plan. If they are able to restructure, the current president will be able to stay on as head of the company. (Mon, 05 Oct 2009 08:29:55 GMT)

Goldman Sachs Set to Reap $1 Billion Payment in CIT Bankruptcy
Oct. 5 (Bloomberg) -- Goldman Sachs Group Inc. is set to earn about $1 billion in the event CIT Group Inc. enters bankruptcy or otherwise ends a $3 billion financing agreement, according to a person familiar with the matter who declined to be identified because the payout hasn’t been disclosed. (Mon, 05 Oct 2009 09:11:31 GMT)

Tribune: Of Layoffs, Bankruptcy and Bonuses
Let’s say that a group of corporate executives uses scads of debt to take over a struggling company, sells off some profitable assets, lays off thousands of employees while achieving miserable results. (Mon, 05 Oct 2009 10:41:17 GMT)

Goldman Sachs May Reap $1 Billion in CIT Bankruptcy (Update1)
Oct. 5 (Bloomberg) -- Goldman Sachs Group Inc. is set to earn about $1 billion should CIT Group Inc. enter bankruptcy or otherwise end a $3 billion financing agreement, according to a person familiar with the matter, who declined to be identified because the payout hasn’t been disclosed. (Mon, 05 Oct 2009 11:15:23 GMT)

Goldman Sachs may make US$1-Billion off CIT bankruptcy
Goldman Sachs Group Inc. is set to earn about US$1-billion should CIT Group Inc. enter bankruptcy or otherwise end a US$3-billion financing agreement, according to a person familiar with the matter, who declined to be identified because the payout hasn’t been disclosed. (Mon, 05 Oct 2009 12:25:38 GMT)

Audit Integrity Corrects and Upgrades Mylan Inc's Bankruptcy Probability Ranking after Correcting for Thomson Reuters ...
LOS ANGELES----Audit Integrity, an independent financial research and risk modeling firm, announced today that it has revised and upgraded Mylan Inc’s bankruptcy probability ranking. (Mon, 05 Oct 2009 13:30:00 GMT)

Hearing Held on Freedom Bankruptcy Documents
Document production to government agency subject of Freedom bankruptcy hearing (Mon, 05 Oct 2009 16:41:38 GMT)

MarketWatch First Take: The lose-lose CIT bankruptcy
CIT Group Inc's nearing liquidation under bankruptcy protection should go down as one of the Obama administration's great defeats in battling the financial crisis. (Mon, 05 Oct 2009 17:25:38 GMT)

B2B Pub Questex Files For Ch 11 Bankruptcy; FierceMarkets' Former Shareholders Owed $7.5 Million
Questex, the Newton, MA-based trade publisher, has filed for Chapter 11 bankruptcy, in the court in Delaware today. The company, owned by PE firm Audax Group, has 23 print mags with brands such as Computerworld , Home Media Magazine, American Spa and Hotel & Motel Management, 28 conferences and more than 150 trade websites. (Mon, 05 Oct 2009 21:40:56 GMT)

Hearing held on Freedom bankruptcy documents
A Delaware bankruptcy judge has declined to rule immediately in a dispute over document production in the Chapter 11 case of Freedom Communications Holdings Inc. (Mon, 05 Oct 2009 22:01:10 GMT)

Hearing held on Freedom bankruptcy documents
A Delaware bankruptcy judge declined to issue an immediate ruling Monday in a dispute over documents and confidentiality in the Chapter 11 case of Freedom Communications Holdings Inc. (Mon, 05 Oct 2009 23:57:43 GMT)

Bankruptcy for FairPoint?
A bankruptcy filing by FairPoint Communications Inc. seems inevitable based on its negative cash flow, a visiting professor at Dartmouth's Tuck School of Business said yesterday. (Tue, 06 Oct 2009 04:04:30 GMT)

Federal court digest: Ex-Alabama, NBA player Jason Caffey wins child support bankruptcy ruling
A federal judge in Mobile last week upheld a decision to hold a Georgia woman personally liable for seeking child support payments from former pro basketball player Jason Caffey after he had filed for bankruptcy protection. (Tue, 06 Oct 2009 10:02:40 GMT)

Delphi could exit bankruptcy today
Washington -- Troy-based Delphi Corp. could emerge from bankruptcy as early as today after a nearly four-year court-overseen restructuring, the company said today. (Tue, 06 Oct 2009 14:02:24 GMT)

Canwest seeks bankruptcy protection
Canadian news titan Canwest Global Communications Corp.'s parent is to seek bankruptcy protection from creditors as it tries to restructure massive debts, it announced Tuesday. (Tue, 06 Oct 2009 14:54:14 GMT)

Delphi to emerge from bankruptcy today
Delphi Corp. is slated to emerge from bankruptcy today, almost four years to the day that the company filed its historic Chapter 11 case. (Tue, 06 Oct 2009 15:42:03 GMT)

Canwest Bankruptcy Filing Hobbles Its Media Holdings
Canwest, Canada’s largest commercial broadcaster and newspaper publisher, sought bankruptcy protection for several operations, including its TV network and The National Post newspaper. (Tue, 06 Oct 2009 19:18:18 GMT)

Canada's Canwest enters bankruptcy protection
Canwest Global Communications Corp. entered bankruptcy protection on Tuesday after reaching a deal to restructure its debt with lenders. (Tue, 06 Oct 2009 19:44:48 GMT)

Delphi Emerges From Bankruptcy
The auto parts maker maker Delphi ended four years in bankruptcy on Tuesday, emerging from Chapter 11 as a privately owned company. (Tue, 06 Oct 2009 21:41:06 GMT)

Delphi exits bankruptcy after four years
U.S. auto parts maker Delphi ended four years in bankruptcy on Tuesday, emerging from Chapter 11 as a private company and removing a major uncertainty for former parent General Motors Co . (Tue, 06 Oct 2009 21:57:23 GMT)

Delphi, former GM parts subsidiary, exits bankruptcy
Auto supplier Delphi, a former subsidiary to General Motors, formally exited bankruptcy protection Tuesday after four years of court-supervised restructuring. (Tue, 06 Oct 2009 22:43:41 GMT)

Council bankruptcy use criticised
A local authority is criticised for using bankruptcy proceedings against a resident to recover £1,071 in council tax. (Wed, 07 Oct 2009 01:27:24 GMT)

Delphi's emergence from bankruptcy aids GM
Auto parts maker Delphi ended four years in bankruptcy court Tuesday, emerging as a private company and removing a major uncertainty for former parent General Motors. (Wed, 07 Oct 2009 04:34:54 GMT)

Delphi, Ex-GM Parts Unit, Exits 4-Year Bankruptcy Through Sale
Oct. 7 (Bloomberg) -- Delphi Corp. , once the largest U.S. auto-parts maker, exited bankruptcy after almost four years in a sale to lenders and former parent General Motors Co. (Wed, 07 Oct 2009 05:11:18 GMT)

Canwest Bankruptcy Hobbles Its Media Holdings
The future of Canwest Global Communications , Canada’s largest media conglomerate, became uncertain on Tuesday after the company was granted bankruptcy protection in a Toronto court for several operations, including its television network and The National Post newspaper, The New York Times’s Ian Austen writes. (Wed, 07 Oct 2009 08:26:07 GMT)

Delphi emerges from bankruptcy protection (Business Times
NEW YORK: Auto parts supplier Delphi finally exited bankruptcy protection on Tuesday nearly four years after its filing. (Wed, 07 Oct 2009 15:53:24 GMT)

Fiber-Optic Firm Rises From The Ashes Of Bankruptcy And Thrives
There are no guarantees that filing for bankruptcy will work. But a lot of companies have no choice, as airlines, automakers and financial giants can attest. (Wed, 07 Oct 2009 22:08:49 GMT)

Goldman Sachs may make US$1-Billion off CIT bankruptcy
Goldman Sachs Group Inc. is set to earn about US$1-billion should CIT Group Inc. enter bankruptcy or otherwise end a US$3-billion financing agreement, according to a person familiar with the matter, .... (Thu, 08 Oct 2009 06:13:55 GMT)

Delphi exits bankruptcy after four years
DETROIT -- U.S. auto parts maker Delphi ended four years in bankruptcy on Tuesday, emerging from Chapter 11 as a private company and removing a major uncertainty for former parent General Motors Co. ... (Thu, 08 Oct 2009 06:19:37 GMT)

Waikiki showroom files for bankruptcy
Royal Hawaiian Showroom LLC, the business that launched "Waikiki Nei," filed for Chapter 11 bankruptcy reorganization. (Thu, 08 Oct 2009 11:41:28 GMT)

Accuride files for bankruptcy protection
Accuride Corp. has filed for Chapter 11 bankruptcy under a debt restructuring plan unveiled this morning. The Evansville-based producer of truck components said in a statement that business will continue "as usual" and that the Chapter 11 filing is part of the restructuring plan. That effort includes amending the company's existing credit agreement, completing a $140 million rights offering and ... (Thu, 08 Oct 2009 12:33:33 GMT)

Source reports Hoosier Park near bankruptcy
ANDERSON, Ind. — An Indianapolis television station has reported that Hoosier Park Racing and Casino is on the brink of bankruptcy. Fox 59 reported early Thursday morning that large loans due in the next 90 days may force Hoosier Park owner Centaur to file for bankruptcy. (Thu, 08 Oct 2009 12:38:43 GMT)

(AFX UK Focus) 2009-10-08 16:19 UPDATE 1-Truck parts maker Accuride files for bankruptcy
WILMINGTON, Del., Oct 8 (Reuters) - Accuride Corp filed for bankruptcy on Thursday and said it had an agreement with creditors to transfer ownership of the maker of commercial vehicle parts to bondholders. The company, which supplies parts for Freightliner, Peterbilt, International, Great Dane and Mack brands, said its reorganization plan will extend the maturity and reset the interest rate on ... (Thu, 08 Oct 2009 15:26:20 GMT)

Bankruptcy filing
The Sierra Kings District Hospital board voted unanimously to file for Chapter 9 bankruptcy protection this week. The filing was expected to occur on Oct. 7 in the U.S. District Court in Fresno. (Thu, 08 Oct 2009 15:29:57 GMT)

Accuride Files for Bankruptcy Protection
The Evansville-based truck part manufacturer has filed for chapter 11 bankruptcy under a debt restructuring plan. (Thu, 08 Oct 2009 15:53:40 GMT)

Bankruptcy judge approves Chicago Sun-Times sale
The Chicago Sun-Times said Thursday that a bankruptcy judge had approved the sale of the ailing newspaper to a group of local businessmen. (Thu, 08 Oct 2009 17:54:33 GMT)

Bankruptcy judge approves Sun-Times sale
A Delaware bankruptcy judge on Thursday approved the sale of the Chicago Sun-Times and other newspapers owned by its parent company to a group led by Chicago businessman Jim Tyree. (Thu, 08 Oct 2009 18:28:09 GMT)

Bankruptcy judge approves Sun-Times sale for $5M
The way The Rev. Issac Whittmon sees it, a vital piece of his city was saved Thursday when a bankruptcy judge approved the sale of the Chicago Sun-Times, a newspaper he's been reading since he was a child. (Thu, 08 Oct 2009 21:49:12 GMT)

JPMorgan, Banks to Pay $100 Million in Lender Bankruptcy Case
Oct. 9 (Bloomberg) -- JPMorgan Chase & Co. , Bear Stearns, Morgan Stanley and Credit Suisse Group AG agreed to pay $100 million to settle a lawsuit over their roles in the bankruptcy of a Philadelphia mortgage lender, an attorney said. (Fri, 09 Oct 2009 05:46:48 GMT)

Another Fashion House Files for Bankruptcy
Yohji Yamamoto, the Japanese fashion design house, said Friday it has filed for bankruptcy protection, citing slumping sales amid a global downturn. (Fri, 09 Oct 2009 10:41:17 GMT)

Bankruptcy for designer Yamamoto
Japanese clothing designer Yohji Yamamoto's fashion house files for bankruptcy protection in a Tokyo court. (Fri, 09 Oct 2009 11:28:17 GMT)

Designer Yamamoto files for bankruptcy protection
Yohji Yamamoto Inc., a fashion house famous for its austere black designer clothes, filed for bankruptcy protection Friday, a victim of slumping sales as Japanese women turn to cheaper casual outfits during a prolonged economic downturn. (Fri, 09 Oct 2009 11:39:15 GMT)

Bankruptcy for designer Yamamoto
Japanese clothing designer Yohji Yamamoto's fashion house has filed for bankruptcy protection in a Tokyo court.The company said the global economic downturn had hurt sales of its upmarket clothing ran... (Fri, 09 Oct 2009 12:56:43 GMT)

Prichard could enter bankruptcy by end of October, mayor says
The mayor, who just two years ago helped the city pay off its creditors from the previous bankruptcy, blamed the latest financial crisis in part on a depleted pension fund and a pending lawsuit against the city by a group of pensioners. (Fri, 09 Oct 2009 13:17:57 GMT)

Bankruptcy Court Clears Sun Times Sale to Tyree
As expected, investor Jim Tyree's $26.5 million bid for the Sun Times Media Group has gotten the approval of the bankruptcy court overseeing the Chicago newspaper chain's chapter 11 proceedings, the Chicago Sun Times reported. (Fri, 09 Oct 2009 14:52:33 GMT)

Fashion house Yohji Yamamoto files for bankruptcy
TOKYO : Japanese fashion brand Yohji Yamamoto Inc. said on Friday it had filed for bankruptcy with debts worth 67 million dollars, as it was hit by the global slump and stronger yen. (Fri, 09 Oct 2009 15:05:59 GMT)

Fashion house Yohji Yamamoto files for bankruptcy
Japanese fashion brand Yohji Yamamoto Inc. said Friday it had filed for bankruptcy with debts worth 67 million dollars, as it was hit by the global slump and stronger yen. (Fri, 09 Oct 2009 16:17:24 GMT)

Fergie's bankruptcy threat over TV debt
THE Duchess of York could face bankruptcy over a £17,000 bill to an image consultant (Sat, 10 Oct 2009 00:54:24 GMT)

Bath Junkie Files Chapter 11 Bankruptcy
SPRINGDALE — Bath Junkie Inc., a Fayetteville-based corporation, filed Chapter 11 bankruptcy Oct. 1 in federal bankruptcy court in Fayetteville. (Sat, 10 Oct 2009 05:39:38 GMT)

Japanese fashion house files for bankruptcy
Yohji Yamamoto Inc., a fashion house famous for its austere black designer clothes, filed for bankruptcy protection Friday, a victim of slumping sales as Japanese women turn to cheaper casual outfits during a prolonged economic downturn. (Sat, 10 Oct 2009 07:14:01 GMT)

Vallejo faces arduous path to exit from bankruptcy
If city spending continues at its current rate, Vallejo's deficit could rise as high as $12 million in the next five years, a new city report forecast Friday.To emerge from Chapter 9 bankruptcy will require the city to show a federal bankruptcy judge that same 5-year (Sat, 10 Oct 2009 08:16:32 GMT)

Developer of west Fort Worth shopping center files for bankruptcy protection, cites weak economy
A shopping center developer seeks bankruptcy protection, citing the weak economy. (Sat, 10 Oct 2009 12:01:03 GMT)

Bankruptcy trial for Elemental Energy
A Nov. 24 trial has been set in U.S. Bankruptcy Court in Honolulu to decide whether Elemental Energy LLC should be declared bankrupt. (Sat, 10 Oct 2009 12:14:20 GMT)

Fayetteville-based business files for bankruptcy
A Fayetteville-based business that sells customized scents and colors of lotions and body washes has filed for Chapter 11 bankruptcy. Bath Junkie Inc. made the filing on Oct. 1 in federal bankruptcy court in Fayetteville. (Sat, 10 Oct 2009 20:24:06 GMT)

Fayetteville-Based Business Files for Bankruptcy
A Fayetteville-based business that sells customized scents and colors of lotions and body washes has filed for Chapter 11 bankruptcy.from Channel 7 (Sat, 10 Oct 2009 20:30:15 GMT)

Cunha's owner files for bankruptcy
Half Moon Bay businessman and property owner Franco Carrubba is undergoing Chapter 11 bankruptcy proceedings, a fact which may leave a cloud over some iconic downtown structures. (Sun, 11 Oct 2009 01:03:15 GMT)

Hard calls helped pull Frontier from bankruptcy
The numbers on the board didn't lie. (Sun, 11 Oct 2009 07:34:44 GMT)

Bath Junkie Files Chapter 11 Bankruptcy
SPRINGDALE — Bath Junkie Inc., a Fayetteville-based corporation, filed Chapter 11 bankruptcy Oct. 1 in federal bankruptcy court in Fayetteville. (Sun, 11 Oct 2009 07:54:38 GMT)

Fayetteville-Based Business Files For Bankruptcy
A Fayetteville-based business that sells customized scents and colors of lotions and body washes has filed for Chapter 11 bankruptcy. (Sun, 11 Oct 2009 14:59:44 GMT)

Plans to pay off debt fail, leading to bankruptcy
A year ago, Elaine Casey had nearly $60,000 in credit card bills. She wanted pay off her debt, learn to budget and save for her retirement and her kids' college. (Mon, 12 Oct 2009 06:16:05 GMT)

Keeping the condo in spite of bankruptcy filing
A young couple learns how to navigate troubled financial waters, By Cindy Weightman (Mon, 12 Oct 2009 07:11:18 GMT)

Bath Junkie Files Chapter 11 Bankruptcy
SPRINGDALE — Bath Junkie Inc., a Fayetteville-based corporation, filed Chapter 11 bankruptcy Oct. 1 in federal bankruptcy court in Fayetteville. (Mon, 12 Oct 2009 07:54:38 GMT)

Dutch DSB Bank denies it is on brink of bankruptcy
Amsterdam - The Netherlands' DSB Bank on Monday denied reports that it is on the brink of bankruptcy and that it has come under the control of the Dutch Central Bank DNB. Finance Minister Wouter Bos and top officials from DSB and the central bank met... (Mon, 12 Oct 2009 08:36:47 GMT)

Business Journal Editorial: For Carinalli bankruptcy, caution, time paramount
U.S. Bankruptcy Court Judge Alan Jaroslovsky has a long history of ably handling major local cases such as the collapse of Health Plan of the Redwoods early this decade and others. (Mon, 12 Oct 2009 11:33:05 GMT)

Debtors could pocket bankruptcy reforms
Increased debt thresholds encourage bad debts, writes David Vasudevan. (Mon, 12 Oct 2009 13:15:02 GMT)

Nemees file bankruptcy
In an 11th-hour move, the developers of The Ridge at Trinitas filed bankruptcy Wednesday to stop the sale of their property this morning. (Mon, 12 Oct 2009 15:56:24 GMT)

CIT Debt Swap Struggles, and Bankruptcy Looms
CIT Group is seeing little interest from bondholders in a debt exchange offer aimed at repairing its fragile balance sheet, making bankruptcy increasingly likely, sources familiar with the matter told Reuters. (Tue, 13 Oct 2009 07:41:14 GMT)

Capmark Said to Near Bankruptcy Filing
Capmark Financial Group, the commercial real estate company created through a 2006 leveraged buyout of certain GMAC assets, is preparing to file for bankruptcy possibly by the end of next week, a source with direct knowledge of the situation told Reuters. (Tue, 13 Oct 2009 08:11:07 GMT)

Chicago Cubs declare bankruptcy
The Chicago Cubs baseball club files for Chapter 11 bankruptcy protection as part of plans to sell it. (Tue, 13 Oct 2009 10:13:15 GMT)

Capmark Financial bankruptcy due soon: source
Capmark Financial Group Inc., the commercial real estate company created through a 2006 leveraged buyout of certain GMAC assets, is preparing to file for bankruptcy possibly by the end of next week, according to a source with direct knowledge of the situation. (Tue, 13 Oct 2009 12:06:04 GMT)

Chicago Cubs bankruptcy case in a league of its own
Swift action is novel use of Section 363 of bankruptcy code, experts say The Chicago Cubs ' trip through bankruptcy court should be as quick as a 1-2-3 inning. (Tue, 13 Oct 2009 12:27:36 GMT)

CIT Debt Swap Struggles, Bankruptcy Looms
CIT Debt Swap Struggles, Bankruptcy Looms (Tue, 13 Oct 2009 12:35:55 GMT)

Filing bankruptcy, Cubs closer to sale
Filing bankruptcy, Cubs closer to sale (Tue, 13 Oct 2009 14:25:22 GMT)

Golf club shaft maker files bankruptcy protection
True Temper Sports Inc., a maker of golf club shafts, has filed a prepackaged Chapter 11 bankruptcy protection petition and a reorganization plan. (Tue, 13 Oct 2009 15:13:26 GMT)

Dollar Declines to Weakest Level Since Before Lehman Bankruptcy
Oct. 13 (Bloomberg) -- The dollar declined to the weakest level against the euro since before the bankruptcy of Lehman Brothers Holdings Inc., unwinding the gains posted by the greenback as investors sought safety amid a plunge in global financial markets. (Tue, 13 Oct 2009 15:17:54 GMT)

Dollar Declines to Weakest Level Since Before Lehman Bankruptcy
Oct. 13 (Bloomberg) -- The dollar declined to the weakest level against the euro since before the bankruptcy of Lehman Brothers Holdings Inc., unwinding gains posted when the plunge in global financial markets spurred demand for safety. (Tue, 13 Oct 2009 15:20:26 GMT)

CIT debt swap struggles, bankruptcy looms
CIT Group Inc is seeing little interest from bondholders in a debt exchange offer aimed at repairing its fragile balance sheet, making bankruptcy increasingly likely, sources familiar with the matter said. (Tue, 13 Oct 2009 16:12:44 GMT)

CIT debt swap struggles, bankruptcy looms
NEW YORK (Reuters) - CIT Group Inc is seeing little interest from bondholders in a debt exchange offer aimed at repairing its fragile balance sheet, making bankruptcy increasingly likely, sources familiar with the matter said. (Tue, 13 Oct 2009 16:12:44 GMT)

Chicago Cubs get needed bankruptcy court OK
The sale of the Chicago Cubs moved closer Tuesday as a bankruptcy court judge said the team can go to the family of billionaire Joe Ricketts in a $845 million deal. The judge had already cleared Tribune Co. to sell the team and Wrigley Field. But he gave his approval again Tuesday because the Cubs filed separately for Chapter 11 protection on Monday. (Tue, 13 Oct 2009 20:10:55 GMT)

Bankruptcy Judge Clears Chicago Cubs Sale
The sale of the Chicago Cubs moved closer on Tuesday as a federal bankruptcy judge ruled that the team could be acquired by the family of the billionaire J. Joseph Ricketts in a $845 million deal. (Tue, 13 Oct 2009 20:11:06 GMT)

Cubs sale closer after OK from bankruptcy court
WILMINGTON, Del. (AP) -- The sale of the Chicago Cubs moved closer Tuesday as a bankruptcy court judge said the team can go to the family of billionaire Joe Ricketts in a $845 million deal. (Tue, 13 Oct 2009 20:46:32 GMT)

New owners could pull Greektown Casino from bankruptcy
Greektown Casino may work its way out of bankruptcy, with a new owner, in time for New Year's Eve. In a giant step toward that goal, a majority of the casino's secured creditors have tentatively approved a reorganization plan that will put the casino in the hands of its lenders, headed by banking and investment giant Merrill Lynch. (Wed, 14 Oct 2009 05:12:34 GMT)

Russia's AvtoVAZ on brink of bankruptcy -official
SOBINKA, Russia, Oct 14 (Reuters) - Russia's AvtoVAZ , the maker of iconic Lada cars, is on the brink of bankruptcy, Sergei Stepashin, the head of State Audit Chamber told Reuters on Wednesday. (Wed, 14 Oct 2009 14:16:57 GMT)

Why Retirees Are Increasingly Declaring Bankruptcy
Hard-hit by the recession, today's 55-and-over crowd is the most likely age group to declare bankruptcy. (Wed, 14 Oct 2009 15:48:15 GMT)

Bankruptcy court confirms Dayton Superior plan
Dayton Superior Corp., which makes products used in concrete construction, said it expects to emerge from bankruptcy protection around Oct. 26. (Wed, 14 Oct 2009 21:44:49 GMT)

Russian car giant on verge of bankruptcy: ministry
Russia's largest carmaker Avtovaz is on the verge of bankruptcy and needs to cut almost 50,000 jobs if it is to have any hope of survival, a newspaper Thursday quoted a ministry memo as saying. (Thu, 15 Oct 2009 07:22:58 GMT)

Russian car giant on verge of bankruptcy: ministry
MOSCOW -Russia's largest carmaker Avtovaz is on the verge of bankruptcy and needs to cut almost 50,000 jobs if it is to have any hope of survival, a newspaper Thursday quoted a ministry memo as saying. Read more... (Thu, 15 Oct 2009 10:04:22 GMT)

Bankruptcy judge OKs Magna auction of Pimlico, Laurel tracks
Bankruptcy judge OKs auction of Pimlico, Laurel early next year A federal bankruptcy judge approved Wednesday a plan to auction Pimlico Race Course and Laurel Park early next year, over objections from the tracks' former owners, who opposed the speed of the sale. (Thu, 15 Oct 2009 12:46:58 GMT)

Bay State bankruptcy filings jump
The number of Bay State residents filing for Chapter 7 bankruptcy protection increased 35 percent in the first three quarters of 2009 compared to a year ago, according to... (Thu, 15 Oct 2009 13:34:58 GMT)

Lehman Pays Bankruptcy Advisers $417.4 Million in Year’s Fees
Oct. 15 (Bloomberg) -- Lehman Brothers Holdings Inc., the investment bank liquidating in bankruptcy, paid its advisers $417.4 million for 12 months of work, according to a filing with the U.S. Securities and Exchange Commission. (Thu, 15 Oct 2009 13:57:08 GMT)

Chicago Cubs file for bankruptcy as part of sale
WILMINGTON, Del. -- The Chicago Cubs baseball team filed for bankruptcy Monday as part of the team's planned sale to the Ricketts family by the Tribune Co, according to court documents. The Cubs bank... (Thu, 15 Oct 2009 14:00:14 GMT)

Way cleared for Pilgrim's Pride to emerge from bankruptcy
PITTSBURG, Texas - Pilgrim's Pride Corp. - which has plants in northeast Georgia - says the Federal Trade Commission and Department of Justice have cleared the way for its deal with Brazilian beef producer JBS SA, which would help pull the chicken producer out of bankruptcy. (Thu, 15 Oct 2009 14:29:43 GMT)

Risanamento Bankruptcy Case Ruling Expected Soon, Chairman Says
Oct. 15 (Bloomberg) -- Judges in the bankruptcy case for Risanamento SpA , the Italian property developer with debt of about 2.9 billion euros ($3.9 billion), expect to make a ruling in the next few days, Risanamento Chairman Vincenzo Mariconda told reporters today. (Thu, 15 Oct 2009 14:33:52 GMT)

AZ Shirt Sponsor DSB On Verge Of Bankruptcy
Reigning Eredivisie champions AZ will possibly be in need of a new shirt sponsor in the not so distant future. Current sponsor DSB bank is widely expected to fold on Friday. The bankruptcy case against the DSB bank was adjourned on Thursday and a decision will be made on Friday. (Thu, 15 Oct 2009 14:42:56 GMT)

Charter Commun: Judge to OK bankruptcy exit plan
Charter Communications Inc. said Thursday that a bankruptcy judge plans to approve its pre-arranged reorganization plan, which is the last step before the company can emerge from court protection. (Thu, 15 Oct 2009 23:27:02 GMT)

Charter Commun: Judge to OK bankruptcy exit plan
Charter Communications Inc. said Thursday that a bankruptcy judge plans to approve its pre-arranged reorganization plan, which is the last step before the company can emerge from court protection. The nation's fourth-largest cable operator issued a statement... Sponsored Topics: Bankruptcy - Company - Charter Communications - Law - Bankruptcy Law (Fri, 16 Oct 2009 00:09:49 GMT)

JAL slumps, investors say bankruptcy an option
TOKYO (Reuters) - Japan Airlines Corp <9205.T> shares slid 12 percent to a record low on Friday as investors suggested bankruptcy may be an option for Asia's biggest airline by revenue, even as the government again pledged to support the troubled carrier. (Fri, 16 Oct 2009 06:47:00 GMT)

Charter Communications expects to exit bankruptcy soon
A judge approved the No. 4 U.S. cable operator's plan to reorganize by reinstating $11.8 billion in debt. Charter Communications Inc. said it expects to emerge from bankruptcy proceedings in the next several weeks after a judge approved the No. 4 U.S. cable operator's plan to reorganize by reinstating $11.8 billion in debt. (Fri, 16 Oct 2009 07:23:33 GMT)

JAL slumps, investors say bankruptcy an option
TOKYO, Oct 16 — Japan Airlines Corp shares slid 12 per cent to a record low today as investors suggested bankruptcy may be an option for Asia’s biggest airline by revenue, even as the government again pledged to support the troubled carrier. "There's increasing concern about the future of the company and whether it's heading for a GM-style bankruptcy or not," said Mitsushige Akino, chief fund ... (Fri, 16 Oct 2009 07:24:51 GMT)

JAL slumps, investors say bankruptcy an option
TOKYO (Reuters) - Japan Airlines Corp shares slid 12 percent to a record low on Friday as investors suggested bankruptcy may be an option for Asia's biggest airline by revenue, even as the government ... (Fri, 16 Oct 2009 09:27:13 GMT)

Judge O.K.s Charter’s Bankruptcy Exit Plan
Charter Communications said Thursday that a bankruptcy judge plans to approve its pre-arranged reorganization plan, which is the last step before the company can emerge from court protection, The Associated Press reported. (Fri, 16 Oct 2009 10:26:06 GMT)

JAL Slumps as Investors Say Bankruptcy an Option
Japan Airlines shares slid 12 percent to a record low on Friday as investors suggested bankruptcy may be an option for Asia's biggest airline by revenue, even as the government again pledged to support the troubled carrier. (Fri, 16 Oct 2009 10:26:23 GMT)

Sinking home prices, lost jobs fuel rising bankruptcy rate in Florida
While Wall Street has been obsessing over the market's return to 10,000, Main Street has been focused on a darker threshold: one million. U.S. bankruptcy filings this year passed that mark in September, putting the nation on track to see the highest failure rates since laws for bankruptcy were made more strict in 2005 and filings plummeted. (Fri, 16 Oct 2009 11:38:04 GMT)

Tech: Charter bankruptcy extended again
Charter Communications changed its debt restructuring deal with its chairman, Paul Allen, extending its bankruptcy until as late as Dec. 15, Reuters reported. (Fri, 16 Oct 2009 13:24:02 GMT)

Executive named examiner in Fontainebleau bankruptcy case
An executive experienced in financial restructurings was appointed Friday as the examiner in the Fontainebleau Las Vegas bankruptcy case. The U.S. Trustee for Miami's bankruptcy court appointed as examiner Jeff Truitt. (Sat, 17 Oct 2009 01:32:29 GMT)

Epicentre contractor files bankruptcy
CHARLOTTE, N.C. -- A construction company that didn't pay subcontractors for work done on the Epicentre has filed Chapter 7 bankruptcy. Now, hundreds of businesses could be out more than $5 million. (Sat, 17 Oct 2009 02:34:36 GMT)

William Jefferson gets bad news from bankruptcy trustee
A trustee overseeing William and Andrea Jefferson's bankruptcy filing says the former congressman and his wife may have exceeded statutory income standards and therefore may have to seek financial relief under stricter terms. (Sat, 17 Oct 2009 03:42:03 GMT)

Bankruptcy filings soar in Nevada
The economic downturn in Las Vegas has driven bankruptcy filings in Nevada up 64 percent in the first nine months of the year with the rate of consumer bankruptcies surpassing all other states' per capita rate. (Sat, 17 Oct 2009 09:13:10 GMT)

Tech: Judge approving Charter bankruptcy reorganization plan
The judge overseeing the bankruptcy of Charter Communications said on Thursday he would approve the cable company's reorganization plan, which would hand over control to a group of creditors that includes Apollo, Crestview, Oaktree and Franklin funds, Reuters reported. (Sat, 17 Oct 2009 13:08:47 GMT)

Did he lie? Stufflebeanâs bankruptcy explanation doesnât add up
Coos County Commissioner Kevin Stufflebean’s public explanation of his recent bankruptcy filing contains factual discrepancies, The World has learned. (Sat, 17 Oct 2009 14:02:58 GMT)

Large WA planned community files for bankruptcy
Associated Press - October 17, 2009 12:45 PM ET TACOMA, Wash. (AP) - What was expected to be the largest planned development in Pierce County has filed initial Chapter 11 bankruptcy... (Sat, 17 Oct 2009 16:57:58 GMT)

Large Wash. planned community files for bankruptcy
What was expected to be the largest planned development in Pierce County has filed initial Chapter 11 bankruptcy documents. (Sat, 17 Oct 2009 23:28:28 GMT)

Did he lie? Stufflebean's bankruptcy explanation doesnât add up
Coos County Commissioner Kevin Stufflebean’s public explanation of his recent bankruptcy filing contains factual discrepancies, The World has learned. (Sun, 18 Oct 2009 09:03:08 GMT)

Catholic Diocese of Wilmington files bankruptcy
Delaware's Catholic Diocese of Wilmington filed for federal bankruptcy protection on Sunday night, on the eve of a civil trial in a high-profile sex abuse case against the diocese and a former priest. (Mon, 19 Oct 2009 07:21:59 GMT)

Bankruptcy filing delays church sex abuse case
A high-profile sex abuse case that was set to start Monday against Delaware's Catholic Diocese of Wilmington and a former priest will be delayed after the church filed for federal bankruptcy protection. (Mon, 19 Oct 2009 09:34:50 GMT)

Diocese files for bankruptcy before sex abuse trial begins
The Catholic Diocese of Wilmington filed for bankruptcy on Sunday, one day before a sex abuse trial was set to begin. (Mon, 19 Oct 2009 11:54:32 GMT)

Delaware’s Wilmington Catholic Diocese in Bankruptcy Over Suits
Oct. 19 (Bloomberg) -- Delaware’s Catholic Diocese of Wilmington filed for bankruptcy protection to deal with more than 100 lawsuits filed by alleged victims of sexual abuse by priests as one of those cases was set to be tried. (Mon, 19 Oct 2009 12:43:26 GMT)

CIT still might face bankruptcy after debt swap
Struggling lender CIT Group Inc. warned Monday that it might still have to file for bankruptcy protection even if it completes a revised debt restructuring plan. (Mon, 19 Oct 2009 13:46:16 GMT)

Russian carmaker AvtoVAZ says bankruptcy possible
Troubled Russian carmaker AvtoVAZ said Monday that it may have to file for bankruptcy if it fails to refinance its debt, Russian news agencies reported. (Mon, 19 Oct 2009 13:49:12 GMT)

Bankruptcy Filing Delays Delaware Church Sex Abuse Case
A sex abuse case against Delaware's Catholic Diocese of Wilmington and a former priest will be delayed after the church filed for federal bankruptcy protection on the eve of proceedings. (Mon, 19 Oct 2009 14:37:56 GMT)

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