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Home > Bankruptcy News

Bankruptcy News Oct 2009

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Bankruptcy filing delays church sex abuse case
A sex abuse case against Delaware's Catholic Diocese of Wilmington and a former priest will be delayed after the diocese filed for federal bankruptcy protection on the eve of trial. (Mon, 19 Oct 2009 14:41:00 GMT)

Russian car giant Avtovaz could declare bankruptcy
Russian auto giant Avtovaz, which employs over 100,000 people and is part owned by France's Renault, could file for bankruptcy if it is unable to restructure its debt, a top executive said on Monday. (Mon, 19 Oct 2009 15:04:51 GMT)

O'Melveny Loses $750K in SonicBlue Bankruptcy Fees
A bankruptcy judge has ruled that O'Melveny & Myers will have to forgo $750,000 in fees for its role in the SonicBlue bankruptcy. (Mon, 19 Oct 2009 15:40:14 GMT)

Russian car giant Avtovaz could declare bankruptcy
Russian auto giant Avtovaz, which employs 100,000 people and is part owned by France's Renault, could file for bankruptcy if it is unable to restructure its debt, a top executive said Monday. (Mon, 19 Oct 2009 16:04:19 GMT)

Bankruptcy filing delays church sex abuse case
A bankruptcy filing by the Catholic Diocese of Wilmington was the best way to ensure reconciliation and compensation for all victims of clergy sexual abuse in the diocese, the bishop said Monday. (Mon, 19 Oct 2009 21:17:30 GMT)

Erickson Retirement seeks bankruptcy protection
Erickson Retirement Communities says it has filed a voluntary petition for Chapter 11 bankruptcy and has agreed to be purchased by Redwood Capital Investments LLC. (Mon, 19 Oct 2009 21:21:41 GMT)

Delaware Diocese Files for Bankruptcy in Wake of Abuse Suits
The Roman Catholic Diocese of Wilmington, Del., said it had filed for bankruptcy to manage the potential liability resulting from a flood of clergy sexual-abuse lawsuits. (Tue, 20 Oct 2009 01:43:11 GMT)

Diocese of Wilmington files for bankruptcy before trial
With the first in a series of major sex abuse trials set to start Monday, the Catholic Diocese of Wilmington filed for bankruptcy late Sunday after settlement talks with 13 alleged victims broke down. (Tue, 20 Oct 2009 04:00:00 GMT)

Erickson Retirement Communities Files for Bankruptcy Protection
Oct. 20 (Bloomberg) -- Erickson Retirement Communities LLC, a developer of 20 senior living campuses, filed for bankruptcy, saying Redwood Capital Investments LLC has agreed to act as lead bidder for the company’s assets. (Tue, 20 Oct 2009 04:56:37 GMT)

Bankruptcy filing halts sexual abuse trial
Diocese for Eastern Shore, Del. seeks bankruptcy protection Facing hundreds of millions of dollars in potential liability for sex abuse claims, the diocese that ministers to Eastern Shore Catholics filed for federal bankruptcy-law protection hours before the civil trial of a former priest was to have started Monday. (Tue, 20 Oct 2009 10:27:28 GMT)

Catholic Diocese Of Wilmington Files Bankruptcy
A Delaware bishop says a bankruptcy filing by the Catholic Diocese of Wilmington is the best way to ensure reconciliation and compensation for all victims of clergy sexual abuse there. (Tue, 20 Oct 2009 14:17:24 GMT)

Delaware Diocese Files for Bankruptcy in Wake of Abuse Suits
The Roman Catholic Diocese of Wilmington, Del., said Monday that it had filed for bankruptcy to manage the potential liability resulting from a flood of lawsuits on sexual abuse by members of the clergy. (Tue, 20 Oct 2009 15:27:18 GMT)

Woman who lost son fights for bankruptcy changes
A Rhode Island woman urged senators Tuesday to ease bankruptcy rules for people devastated by medical debt, as she described the pain of losing a child and going broke from his health care bills. (Tue, 20 Oct 2009 23:13:48 GMT)

U.S. Bankruptcy Court documents show Bernie Madoff may have made money for New York Mets
An entity called Mets Limited Partnership "earned" $47.8 million with Madoff over an undisclosed period, according to a document filed Friday in U.S. Bankruptcy Court by the government-appointed trustee assigned to liquidate the firm's assets. (Wed, 21 Oct 2009 10:02:00 GMT)

Hearing scheduled in Del. diocese bankruptcy
A status hearing is scheduled in the Catholic Diocese of Wilmington's bankruptcy, which was filed just before a trial on alleged sex abuse could begin. (Wed, 21 Oct 2009 10:27:27 GMT)

Bankruptcy trend among small firms stuns lenders
REUTERS CHICAGO - Recent bankruptcy filings by small U.S. businesses show a trend that could complicate lenders' efforts to identify at-risk borrowers, a study reveals. PayNet Inc., which provides analytic tools to the commercial credit industry, looked at 750 small business bankruptcy filers and found 50 percent were current with one or more of their lenders when they sought protection from ... (Wed, 21 Oct 2009 10:37:45 GMT)

Barnes denies bankruptcy allegations
Former Liverpool and England winger John Barnes insisted on Wednesday his bankruptcy was due to a 'tax oversight' which was being addressed. (Wed, 21 Oct 2009 11:12:00 GMT)

Barnes' bankruptcy taxing
LONDON - FORMER Liverpool and England winger John Barnes insisted on Wednesday his bankruptcy was due to a 'tax oversight' which was being addressed. Barnes, who began his career in English football with Watford, was declared bankrupt by an insolvency court last week. (Wed, 21 Oct 2009 12:23:58 GMT)

Bankruptcy case of Alamo follower is reopened
Associated Press - October 21, 2009 8:55 AM ET TEXARKANA, Ark. (AP) - A bankruptcy judge has agreed to reopen the closed Oklahoma bankruptcy case of a member of Tony Alamo Christian... (Wed, 21 Oct 2009 13:06:59 GMT)

Lehman Europe Hedge Fund Clients Can Get Post-Bankruptcy Money
Oct. 21 (Bloomberg) -- Lehman Brothers International Europe’s prime brokerage clients will get part of about $1.8 billion that U.K. bankruptcy administrators took in after the investment bank’s collapse. (Wed, 21 Oct 2009 13:12:06 GMT)

Denny Hecker's lawyer requests six-month delay in bankruptcy proceedings while criminal investigation continues
If there will be federal criminal charges against Denny Hecker it likely won't happen until spring, according to a new bankruptcy court filing from Hecker's lawyer. (Wed, 21 Oct 2009 14:16:24 GMT)

Alamo Follower's Bankruptcy Case Reopened
A bankruptcy judge has agreed to reopen the closed Oklahoma bankruptcy case of a member of Tony Alamo Christian Ministries. (Wed, 21 Oct 2009 14:45:04 GMT)

First hearing held in Del. diocese bankruptcy
A bankruptcy judge has granted first-day motions in the Catholic Diocese of Wilmington's bankruptcy. (Wed, 21 Oct 2009 16:13:21 GMT)

NTK Holdings Files for Bankruptcy to Cut Debt by $1.3 Billion
Oct. 22 (Bloomberg) -- NTK Holdings Inc. , a manufacturer of heating and air-conditioning equipment owned by Thomas H. Lee Partners LP, sought bankruptcy protection with a plan to eliminate about $1.3 billion in debt. (Thu, 22 Oct 2009 04:56:57 GMT)

Donnelley takes step toward ending bankruptcy
Yellow pages publisher R.H. Donnelley remains on track to emerge from bankruptcy at the end of January. (Thu, 22 Oct 2009 06:04:25 GMT)

Regional bankruptcy filings on path to surpass 2008 totals by 18 percent
Regional bankruptcy filings in the third quarter ebbed slightly from a fierce pace through the first half of 2009, but are on course to surpass 2008 totals by more than 18 percent. Bankruptcy petitions filed through September in the 33-county Middle Dist (Thu, 22 Oct 2009 08:03:22 GMT)

Bankruptcy filings in NEPA on path to surpass 2008 totals
Regional bankruptcy filings in the third quarter ebbed slightly from a fierce pace through the first half of 2009, but are on course to surpass 2008 totals by more than 18 percent. Bankruptcy petitions filed through September in the 33-county Middle Dis (Thu, 22 Oct 2009 08:21:00 GMT)

Bankruptcy auction set
CROWN POINT -- City Center, a partially completed retail/office development once targeted by the city for a new police/fire department, is slated for bankruptcy auction on Dec. 9. Inland Real Estate Auctions of Oak Brook, Ill., has listed the 15-acre development at 112th Avenue on the west side of the Broadway Corridor for upcoming sale. The 21,600-square-foot front building, constructed in ... (Thu, 22 Oct 2009 10:07:26 GMT)

Tax debt forces John Barnes into bankruptcy
Former Liverpool and England footballer, John Barnes, has filed for bankruptcy with HMRC as the main creditors. HMRC petitioned for the bankruptcy order over unpaid tax bills to the High Court on Wednesday 14 October. (Thu, 22 Oct 2009 10:50:05 GMT)

Fairpoint Meeting To Discuss Possible Bankruptcy
BOSTON (NEWS CENTER) - An official from the union that represents some Fairpoint Communications workers say there's going to be a meeting with the company today to discuss a possible bankruptcy filing. (Thu, 22 Oct 2009 12:37:33 GMT)

Marvin Davis Heiress Can’t File Complaint Over Bankruptcy Sale
Oct. 22 (Bloomberg) -- Nancy Davis, daughter of late billionaire Marvin Davis , lost a bid to file a court complaint alleging that her brother Gregg cheated his siblings and mother out of millions of dollars by low-balling the value of the family oil company in a forced bankruptcy sale. (Thu, 22 Oct 2009 15:30:31 GMT)

W.R. Grace Sees $400 Million Gain on Bankruptcy Exit (Update1)
Oct. 22 (Bloomberg) -- W.R. Grace & Co. said it expects a $400 million gain when it exits bankruptcy protection because the cash cost to settle asbestos litigation will be less than the liability accrued in 2004. (Thu, 22 Oct 2009 19:59:50 GMT)

Barnes says bankruptcy order due to 'oversight'
John Barnes has applied to have a bankruptcy order against him annulled after the chaos of his departure from Tranmere Rovers led to it being issued at court in his absence. His embarrassment about the order has been compounded by suggestions that he filed for bankruptcy, but he told The Independent yesterday that the order had been issued because he failed to answer a court summons on 14 October. (Thu, 22 Oct 2009 23:17:09 GMT)

Putnam lawyer indicted in bankruptcy fraud
CHARLESTON, W.Va. -- A federal grand jury has indicted a Putnam County attorney on charges of bankruptcy fraud, the U.S. Attorneys Office announced. Patrick B. Anderson, 54, of Winfield, allegedly instructed two clients to hide assets by transferri... (Thu, 22 Oct 2009 23:19:27 GMT)

Local Business Digest: W.R. Grace expects gain after bankruptcy exit
BANKRUPTCY W.R. Grace said it expects a $400 million gain when it exits bankruptcy protection because the cash cost to settle asbestos litigation will be less than the liability accrued in 2004. (Fri, 23 Oct 2009 04:00:00 GMT)

Video: Bankruptcy?
The word "bankruptcy" is still taboo for most city officials, but it's being talked about by the San Diego County Taxpayers Association. 10/22/09 (Fri, 23 Oct 2009 06:17:40 GMT)

Free bankruptcy seminar
Sussex Project Self-Sufficiency will sponsor a free seminar about issues related to bankruptcy on Wednesday, Oct. 28, from 7 to 9 p.m. at the Sussex Middle School, located at 10 Loomis Ave. in Sussex. (Fri, 23 Oct 2009 06:39:20 GMT)

Bankruptcy filing by Renwood Winery's parent called pressure tactic
The chairman of a leading Amador winery says he is using a bankruptcy filing to bring his lender to the bargaining table. (Fri, 23 Oct 2009 07:04:09 GMT)

W.R. Grace delays emergence from Chapter 11 bankruptcy
Columbia-based company reports delay as quarterly earnings rise 56.9 percent Chemical company W.R. Grace & Co. had expected to emerge from bankruptcy in December, but said Thursday that it won't happen until next year. (Fri, 23 Oct 2009 07:34:27 GMT)

Megson says he saved Bolton from bankruptcy
Gary Megson says he saved Bolton Wanderers from relegation - and bankruptcy. read more (Fri, 23 Oct 2009 11:59:21 GMT)

Phila. Newspaper Bankruptcy Meeting in NYC on Friday
A key meeting was scheduled for Friday in New York City for Philadelphia newspaper executive Brian Tierney and creditors who are trying to settle a bankruptcy hearing. (Fri, 23 Oct 2009 12:26:29 GMT)

Bankruptcy trustee settles SCO-AutoZone suit
The U.S. Bankruptcy Trustee for the SCO Group on Thursday negotiated a settlement with AutoZone Inc., one of thousands of Linux corporate users and licensees accused of violating SCO's copyrights and (Sat, 24 Oct 2009 00:18:25 GMT)

Heller Bankruptcy Judge to Lawyers: Your Plan Is a Mess
Judge Dennis Montali is already asking the two main lawyers on the Heller Ehrman bankruptcy to file a revised liquidation plan before the first hearing on it Nov. 9. In a letter to the lawyers, the judge pointed out dozens of issues, some of them technical and even grammatical, but many of them substantive. Montali mentioned the creditors' $58 million suit against Bank of America several times ... (Sat, 24 Oct 2009 02:55:52 GMT)

Super 88 files bankruptcy
Super 88 has filed for Chapter 11 bankruptcy protection, putting on hold a contentious sale of the Asian supermarket chain. Five companies tied to George and Peter Luu's... (Sat, 24 Oct 2009 04:21:19 GMT)

Max & Erma's chain in Pittsburgh files for bankruptcy
Max & Erma's, the popular chain of restaurants around Pittsburgh, filed for voluntary bankruptcy protection from creditors in hopes of reorganizing the troubled business. (Sat, 24 Oct 2009 06:03:44 GMT)

Auctions, bankruptcy sales scheduled
Two trustees sales and a bankruptcy sale are scheduled within the next several weeks (Sat, 24 Oct 2009 06:11:46 GMT)

Free bankruptcy seminar
Sussex Project Self-Sufficiency will sponsor a free seminar about issues related to bankruptcy on Wednesday, Oct. 28, from 7 to 9 p.m. at the Sussex Middle School, located at 10 Loomis Ave. in Sussex. (Sat, 24 Oct 2009 07:09:08 GMT)

Henry Ford Village management company files for bankruptcy
DEARBORN -- The managing company of Dearborn’s Henry Ford Village, Erickson Retirement Communities, has filed for Chapter 11 bankruptcy. (Sat, 24 Oct 2009 15:24:09 GMT)

Capmark, Big Commercial Lender, May File for Bankruptcy
Capmark Financial Group, the big commercial real estate finance company cobbled together from pieces of GMAC, may file for bankruptcy as soon as this weekend, a person briefed on the matter told DealBook on Saturday. (Sat, 24 Oct 2009 17:56:06 GMT)

Henry Ford Village management company files for bankruptcy
DEARBORN -- The managing company of Dearborn’s Henry Ford Village, Erickson Retirement Communities, has filed for Chapter 11 bankruptcy. (Sat, 24 Oct 2009 18:24:04 GMT)

Capmark Readies Bankruptcy Filing: Report
The troubled commercial real estate lender could file for bankruptcy protection as early as this weekend, The Wall Street Journal reports. (Sat, 24 Oct 2009 20:10:44 GMT)

Buzz: Redding bank caught in Sonoma bankruptcy
North Valley Bank has a significant stake in the multimillion-dollar bankruptcy case of a Sonoma County real estate giant. The Redding bank appears to have lent money to Clem Carinalli, reportedly the largest individual land owner in Sonoma County, for five land deals there. Carinalli filed Chapter 11 bankruptcy on Sept. 29. The developer had mounted $165 million in debt before he claimed ... (Sun, 25 Oct 2009 03:33:12 GMT)

Local attorneys among finalists for bankruptcy judgeship
The six attorneys vying to fill the upcoming judicial vacancy on the U.S. Bankruptcy Court in Chattanooga must have a keen sense of human nature and be ready to work hard, one veteran bankruptcy attorney said. (Sun, 25 Oct 2009 04:13:29 GMT)

Free bankruptcy seminar
Sussex Project Self-Sufficiency will sponsor a free seminar about issues related to bankruptcy on Wednesday, Oct. 28, from 7 to 9 p.m. at the Sussex Middle School, located at 10 Loomis Ave. in Sussex. (Sun, 25 Oct 2009 07:16:50 GMT)

Schalke not bankrupt insists Magath
Schalke 04's coach Felix Magath insisted Sunday the Royal Blues are not in danger of bankruptcy despite claims of huge debts which must be explained to Bundesliga bosses. (Sun, 25 Oct 2009 15:04:02 GMT)

Capmark Financial files for bankruptcy
Commercial real estate company Capmark Financial filed for bankruptcy protection on Sunday, wiping out the investment of several private equity firms including Kohlberg Kravis Roberts & Co. (Mon, 26 Oct 2009 00:46:17 GMT)

Capmark Financial files for bankruptcy protection
Capmark Financial Group, one of the nation's largest commercial real estate lenders, has filed for bankruptcy protection amid mounting bad debt. (Mon, 26 Oct 2009 01:32:53 GMT)

FairPoint phone company files for bankruptcy
Telecommunications services provider FairPoint Communications filed for Chapter 11 bankruptcy protection Monday after agreeing on a deal with key lenders that will help lower its debt by about 62 percent. FairPoint, based in Charlotte, N.C., owns and operates... Sponsored Topics: Chapter 11 Title 11 United States Code - FairPoint Communications - Law - Charlotte North Carolina - United States (Mon, 26 Oct 2009 11:55:20 GMT)

FairPoint Communications Files for Bankruptcy Protection
Oct. 26 (Bloomberg) -- FairPoint Communications Inc. sought bankruptcy protection after struggling to absorb phone lines purchased from Verizon Communications Inc. that increased the company’s customer base by more than 600 percent. (Mon, 26 Oct 2009 12:00:35 GMT)

FairPoint phone company files for bankruptcy
Telecommunications services provider FairPoint Communications filed for Chapter 11 bankruptcy protection Monday after agreeing on a deal with key lenders that will help lower its debt by about 62 percent. (Mon, 26 Oct 2009 12:03:20 GMT)

Capmark Files for Bankruptcy With $21 Billion in Debt (Update1)
Oct. 26 (Bloomberg) -- Capmark Financial Group Inc., the lender owned by companies including Goldman Sachs Group Inc . and KKR & Co ., filed for bankruptcy protection after posting a second-quarter loss of about $1.6 billion. (Mon, 26 Oct 2009 12:08:25 GMT)

FairPoint Files for Bankruptcy With Plan to Cut Debt (Update1)
Oct. 26 (Bloomberg) -- FairPoint Communications Inc. sought bankruptcy protection after struggling to absorb phone lines purchased from Verizon Communications Inc. that increased the company’s customer base more than sixfold. (Mon, 26 Oct 2009 13:03:06 GMT)

FairPoint Phone Company Files for Bankruptcy
Telecom provider FairPoint files for Ch. 11 bankruptcy protection, lenders agree to cut debt (Mon, 26 Oct 2009 13:11:48 GMT)

FairPoint phone company files for bankruptcy
FairPoint Communications Inc. filed for Chapter 11 bankruptcy protection Monday barely 18 months after becoming northern New England's dominant telecommunications company, fulfilling critics' predictions that the company wasn't up to the task. (Mon, 26 Oct 2009 14:56:45 GMT)

Max & Erma's files for bankruptcy
PITTSBURGH (AP) -- Max & Erma's Inc. has filed for Chapter 11 bankruptcy protection in Pittsburgh listing between $1 million and $10 million in debts. The Columbus-based hamburger and casual dining chain has about 80 restaurants and was bought out in April 2008 by Pittsburgh-based G&R Acquisitions. The same company also bought the Damon's Grill steak and rib chain. (Mon, 26 Oct 2009 15:47:55 GMT)

Max & Erma's files for bankruptcy protection
Max & Erma's Inc. has filed for Chapter 11 bankruptcy protection from its creditors, listing between $1 million and $10 million in debts. (Mon, 26 Oct 2009 17:00:39 GMT)

Dayton Superior emerges from bankruptcy protection
Dayton Superior Corp., which makes products used in concrete construction, said it has emerged from bankruptcy protection, effective immediately. (Mon, 26 Oct 2009 21:24:28 GMT)

Business Digest: Capmark Financial files for bankruptcy protection
BANKRUPTCY Capmark Financial Group, one of the largest U.S. commercial real estate lenders, has filed for bankruptcy protection amid mounting bad debt, becoming the latest casualty in the still turbulent U.S. real estate market. (Tue, 27 Oct 2009 04:00:00 GMT)

Max & Erma's files bankruptcy
Max & Erma's has filed for bankruptcy protection as its parent company continues to battle financial problems on several fronts. The Columbus-based restaurant chain, which was started in German Village in 1958, made the filing in U.S. Bankruptcy Court in Pittsburgh. (Tue, 27 Oct 2009 08:18:25 GMT)

Lawyer in Blade suit seeks bankruptcy
By ERICA BLAKE BLADE STAFF WRITER One of the area attorneys who unsuccessfully sued The Blade in 1990 alleging libel and invasion of privacy has filed for bankruptcy in U.S. Bankruptcy Court in Toledo in an apparent attempt to skirt attorney fees owed to the newspaper. George C. Rogers of Napoleon, Ohio, filed for Chapter 7 bankruptcy on Oct. 9, the day before he was scheduled to file an ... (Tue, 27 Oct 2009 08:57:47 GMT)

4 limits on modifying bankruptcy
You can lower your Chapter 13 bankruptcy payment, if you're not hung up by one of these obstacles. (Tue, 27 Oct 2009 10:00:00 GMT)

FairPoint Files for Bankruptcy
FairPoint Communications has filed for Chapter 11 bankruptcy protection. The move comes after the company agreed to a deal with lenders that will help lower its debt by an estimated $1.7 billion. (Provided by News 13) (Tue, 27 Oct 2009 13:01:22 GMT)

William Jefferson's income meets standard for bankruptcy case to proceed, court trustee rules
A federal bankruptcy court trustee has ruled that William and Andrea Jefferson's income is likely to fall to levels allowed under a revised federal law and therefore an earlier recommendation that the case be dismissed isn't warranted. (Tue, 27 Oct 2009 14:57:23 GMT)

Seven Falls files for bankruptcy
Times-News Online Seven Falls Golf and River Club filed for chapter 11 bankruptcy Monday. The high-end golf course development faced a foreclosure deadline and sought the protection of the bankruptcy court. (Tue, 27 Oct 2009 15:36:31 GMT)

Restaurant chain Max & Erma's files for bankruptcy
The restaurant chain Max & Erma's Inc. has filed for Chapter 11 bankruptcy protection, listing between $1 million and $10 million in debts. (Tue, 27 Oct 2009 15:54:00 GMT)

Jefferson may qualify for bankruptcy
NEW ORLEANS, Oct. 28 (UPI) -- A bankruptcy trustee has determined that former U.S. Rep. William Jefferson, D-La., may be poor enough to file for bankruptcy under more restrictive new laws. (Wed, 28 Oct 2009 04:33:39 GMT)

Guess? Founder Georges Marciano Faces Bankruptcy Petition
Oct. 28 (Bloomberg) -- Guess? Inc. co-founder Georges Marciano faces an involuntary bankruptcy petition from three former employees seeking $95.3 million. (Wed, 28 Oct 2009 04:45:39 GMT)

DBSD wins bankruptcy OK.
DBSD North America Inc. won approval of its bankruptcy plan as a judge overruled objections from Douglas County-based Dish Network Corp., owner of the satellite company's first-lien debt. (Wed, 28 Oct 2009 07:45:54 GMT)

Auctioneer in bankruptcy
Ritchies Auctioneers, which regularly held multi million-dollar auctions in Toronto, has been pressed into bankruptcy by its landlord after months of financial turmoil surrounding the struggling, 42-year-old business. (Wed, 28 Oct 2009 08:49:44 GMT)

Lenders Pass on Newspaper's Latest Bankruptcy Offer
Philadelphia newspaper executive Brian Tierney's latest, enhanced offer to lenders in the bankruptcy battle over control of the Inquirer and Daily News was apparently not sweet enough. Inaction by lenders meant, in effect, "thanks, but no thanks." (Wed, 28 Oct 2009 11:04:26 GMT)

Tribune to Emerge From Bankruptcy Next Year, Chairman Zell Says
Oct. 28 (Bloomberg) -- Tribune Co. Chairman and Chief Executive Officer Sam Zell said the newspaper publisher may emerge from bankruptcy by the end of the first quarter, rather than by the end of this year as planned. (Wed, 28 Oct 2009 13:18:01 GMT)

Tribune to Emerge From Bankruptcy in 2010, Zell Says (Update1)
Oct. 28 (Bloomberg) -- Tribune Co. Chairman and Chief Executive Officer Sam Zell said the publisher of the Los Angeles Times may emerge from bankruptcy in the first quarter, rather than by the end of this year as planned. (Wed, 28 Oct 2009 14:03:10 GMT)

DeLand manufacturer seeks bankruptcy protection
Walter Lehmann, who rescued his family's company from bankruptcy in New York 28 years ago, now finds his own business facing Chapter 11 reorganization. (Wed, 28 Oct 2009 14:39:20 GMT)

Prichard Files For Bankruptcy
NEW INFORMATION The city of Prichard files for bankruptcy one day before Mayor Ron Davis is scheduled to be depositioned in an ongoing pension dispute. (Wed, 28 Oct 2009 14:52:58 GMT)

Ala. city files for bankruptcy
The city of Prichard has filed for bankruptcy for the second time in 10 years. (Wed, 28 Oct 2009 15:45:30 GMT)

Bankruptcy judge defers action in Tribune lawsuit
A Delaware bankruptcy judge has deferred action on the Tribune Co.'s request to halt a lawsuit alleging that Chairman Sam Zell misused an employee stock ownership plan in taking the company private in a 2007 leveraged buyout. (Wed, 28 Oct 2009 20:27:56 GMT)

Bankruptcy Judge Defers Action in Tribune Lawsuit
Tribune bankruptcy judge defers action on complaint over employee lawsuit (Wed, 28 Oct 2009 20:41:51 GMT)

In brief | Shawnee couple indicted in bankruptcy fraud
A Shawnee couple was indicted in federal court Wednesday on bankruptcy fraud. (Thu, 29 Oct 2009 06:03:03 GMT)

Prichard bankruptcy: Creditors include Alabama Power, ALDOT, Blue Cross Blue Shield
The city's bankruptcy attorney, Scott Williams, also filed documents that stated the city's revenues for fiscal year 2009 were about $10.1 million, while its operating expenses were about $10.7 million. (Thu, 29 Oct 2009 12:47:39 GMT)

Shuler's brother files for bankruptcy
A local businessman who is the brother and onetime business partner of a member of Congress has filed for bankruptcy protection. Benjie Shuler filed for Chapter 7 bankruptcy protection last week. A filing with the U.S. Bankruptcy Court in Knoxville indicated that his assets are valued at $265,630 while his liabilities are valued at nearly $10.2 million. Shuler has been involved in a number of ... (Thu, 29 Oct 2009 13:32:05 GMT)

Zell: Bankruptcy to last until 2010
Sam Zell says he does not believe the Tribune Company will emerge from Chapter 11 bankruptcy by the end of the year. (Thu, 29 Oct 2009 13:37:12 GMT)

Centaur declares bankruptcy
HARRISBURG, Pa. (AP) - The Indianapolis-based company that is hoping to open a casino and racetrack in Mahoning Township says its two subsidiaries in the state have filed for Chapter 11 bankruptcy protection. (Thu, 29 Oct 2009 14:45:48 GMT)

Would-be Lawrence County casino developer files for bankruptcy
Centaur Inc. said it filed for bankruptcy protection for its affiliates to "preserve the status of the Valley View Downs & Casino project." (Thu, 29 Oct 2009 15:03:47 GMT)

NEW LOCAL: Valley View files for bankruptcy
Valley View Downs and Centaur Pennsylvania Land Development today filed for Chapter 11 bankruptcy in Delaware. (Thu, 29 Oct 2009 15:19:30 GMT)

CIT Bonds Show Bankruptcy Inevitable as Swap Expires (Update2)
Oct. 29 (Bloomberg) -- CIT Group Inc. bond and credit- default swap prices show that investors are betting the 101- year-old commercial lender will file for bankruptcy after a debt exchange expires today. (Thu, 29 Oct 2009 15:41:38 GMT)

W.Pa. casino project seeks bankruptcy protection
The Indianapolis-based company that is hoping to open a casino and racetrack in western Pennsylvania says its two subsidiaries in the state have filed for Chapter 11 bankruptcy protection. (Thu, 29 Oct 2009 16:52:12 GMT)

CIT Bonds Show Bankruptcy Inevitable as Swap Expires (Correct)
(Corrects cost of credit protection in 11th paragraph.) Oct. 29 (Bloomberg) -- CIT Group Inc. bond and credit- default swap prices show that investors are betting the 101- year-old commercial lender will file for bankruptcy after a debt exchange expires today. (Thu, 29 Oct 2009 22:23:50 GMT)

CIT seen filing for bankruptcy in coming days
CIT Group is likely to file for bankruptcy in the coming days, analysts and experts said. (Thu, 29 Oct 2009 23:36:01 GMT)

CIT Bonds Show Bankruptcy Inevitable as Swap Expires (Update4)
Oct. 29 (Bloomberg) -- CIT Group Inc. bond and credit- default swap prices show that investors are betting the 101- year-old commercial lender will file for bankruptcy after a debt exchange expires today. (Thu, 29 Oct 2009 23:41:16 GMT)

Betting on CIT bankruptcy
CIT Group bond and credit-default-swap prices show that investors are betting the 101-year-old commercial lender will file for bankruptcy after a debt exchange expired Thursday. Since CIT chief executive Jeffrey Peek started a $30 billion debt swap Oct. 1, the company's notes due Nov. 3 have dropped 13 cents to 67 cents on the dollar, according to Trace, a bond-price reporting system. Bloomberg ... (Fri, 30 Oct 2009 07:44:04 GMT)

Bankruptcy filing fails to list riverfront dwelling
By ERICA BLAKE BLADE STAFF WRITER Napoleon attorney George C. Rogers listed personal property on a federal bankruptcy form as clothing, a ring and bracelet, books, a 44-Magnum, household furnishings, and office equipment. Not listed was the 5,545-square-foot Henry County home on the Maumee River that is on the market with an asking price of $795,000. One of the lawyers who failed in a 1990 ... (Fri, 30 Oct 2009 09:57:57 GMT)

CIT Seen Filing for Bankruptcy in Coming Days
CIT Group is likely to file for bankruptcy in the coming days, analysts and experts told Reuters. (Fri, 30 Oct 2009 10:11:07 GMT)

CIT Bonds Signal Bankruptcy Inevitable as Debt Exchange Expires
Oct. 30 (Bloomberg) -- CIT Group Inc. bond and credit- default swap prices show that investors are betting the 101- year-old commercial lender will file for bankruptcy after the deadline for a debt exchange expired overnight. (Fri, 30 Oct 2009 10:26:10 GMT)

Erickson residents seem safe from bankruptcy
T he bankruptcy proceeding of Erickson Retirement Communities has understandably upset the 23,000 residents of the company's 19 communities and their families. People who live with Erickson at Charlestown, Oak Crest, Riderwood and other places have a substantial investment in the communities in the form of their apartments. When residents die or move out of a community, Erickson has always paid ... (Fri, 30 Oct 2009 12:34:25 GMT)

Bankruptcy judge OKs CIB's reorganization plan
CHAMPAIGN – Central Illinois Bank's parent company has received approval from bankruptcy court for a prepackaged plan of reorganization under Chapter 11 of the bankruptcy code. As a result, CIB Marine Bancshares should be able to emerge from Chapter 11 bankruptcy by year's end, said John Hickey Jr., the company's chairman and CEO. (Fri, 30 Oct 2009 13:35:31 GMT)

CIT in Deal With Icahn to Support Bankruptcy Plan (Update1)
Oct. 30 (Bloomberg) -- CIT Group Inc. , the 101-year-old commercial lender trying to avert collapse, reached an agreement with billionaire investor Carl Icahn to support its prepackaged bankruptcy plan. (Fri, 30 Oct 2009 20:21:26 GMT)

CIT’s Deals With Icahn, Goldman Pave Way for Quicker Bankruptcy
Oct. 30 (Bloomberg) -- CIT Group Inc. , the 101-year old commercial lender seeking to avoid collapse, paved the way for a pre-packaged bankruptcy after reaching agreements with billionaire Carl Icahn and Goldman Sachs Group Inc. (Fri, 30 Oct 2009 20:59:50 GMT)

CIT, Icahn agreement brings bankruptcy closer
Billionaire investor Carl Icahn, who had been trying to derail CIT Group Inc's efforts to launch a restructuring plan, said on Friday he was now backing the lender's pre-packaged bankruptcy, making a filing as soon as this weekend more likely, analysts said. (Fri, 30 Oct 2009 23:49:49 GMT)

CIT Reaches Agreements to Ease Bankruptcy Filing
A troubled lender could make a prepackaged bankruptcy filing as early as Sunday. (Sat, 31 Oct 2009 01:20:31 GMT)

CIT moves closer to pre-packaged bankruptcy approval
CIT Group has met at least one of the hurdles necessary to file for a prepackaged bankruptcy, sources said, bringing the commercial lender one step closer to the fast bankruptcy process it is seeking to lower its liabilities and get back to health. (Sat, 31 Oct 2009 02:51:51 GMT)

CIT moves closer to pre-packaged bankruptcy approval
NEW YORK (Reuters) - CIT Group has met at least one of the hurdles necessary to file for a prepackaged bankruptcy, sources said, bringing the commercial lender one step closer to the fast bankruptcy process it is seeking to lower its liabilities and get back to health. (Sat, 31 Oct 2009 02:51:51 GMT)

CIT preparing to file for bankruptcy protection
NEW YORK -- CIT Group, a major lender to small businesses, is preparing to file for Chapter 11 bankruptcy protection as early as this weekend, sources familiar with the matter said Friday, which would likely wipe out the federal government's $2.3 billion stake in the company. (Sat, 31 Oct 2009 04:00:00 GMT)

CIT Approaches Bankruptcy After Striking Icahn, Goldman Accords
Oct. 31 (Bloomberg) -- CIT Group Inc. , the 101-year old commercial lender seeking to avoid collapse, may file for a prepackaged bankruptcy as soon as this weekend after striking deals with billionaire Carl Icahn and Goldman Sachs Group Inc. (Sat, 31 Oct 2009 04:56:09 GMT)

Damon's files for bankruptcy
Damon's International Inc. became the latest casual dining chain to file for bankruptcy protection, but it is reorganizing for a comeback. Five days after putting the Max & Erma's Inc. restaurant chain under Chapter 11 bankruptcy protection, owner Gary (Sat, 31 Oct 2009 11:37:32 GMT)

Henry Ford Village management company files for bankruptcy
DEARBORN -- The managing company of Dearborn’s Henry Ford Village, Erickson Retirement Communities, has filed for Chapter 11 bankruptcy. (Sat, 31 Oct 2009 14:04:15 GMT)

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