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Home > Bankruptcy News

Bankruptcy News Nov 2009

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Ruling aids dissidents in Tribune bankruptcy
Court decision in fraudulent conveyance case increases likelihood of legal fireworks The Tribune Co. bankruptcy case appeared to be rolling along smoothly, until a group of junior creditors led by distressed-bond investor Centerbridge Partners began throwing grenades in late August. (Sun, 01 Nov 2009 00:43:57 GMT)

Free Project Self-Sufficiency seminar to discuss bankruptcy
NEWTON Project Self-Sufficiency will sponsor a free seminar about issues related to bankruptcy on Wednesday, Nov. 4 from 7 to 9 p.m. (Sun, 01 Nov 2009 07:03:34 GMT)

Parker: Dan Issel's bankruptcy resulted in online auction
In August, I told you that former basketball star and Denver Nuggets coach Dan Issel filed personal bankruptcy, claiming $4.5 million in debt: a victim of bad investments and a tanking economy. (Sun, 01 Nov 2009 07:11:13 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. (Sun, 01 Nov 2009 15:29:43 GMT)

CIT Approaches Bankruptcy After Striking Icahn, Goldman Accords
Nov. 1 (Bloomberg) -- CIT Group Inc. , the 101-year-old commercial lender seeking to avoid collapse, may file for a prepackaged bankruptcy as soon as today after striking deals with billionaire Carl Icahn and Goldman Sachs Group Inc. (Sun, 01 Nov 2009 15:38:36 GMT)

W.Pa. casino project seeks bankruptcy protection
Firms in W.Pa. casino project file for bankruptcy protection; still want to build Valley View (Sun, 01 Nov 2009 16:58:34 GMT)

CIT Files for Bankruptcy
The CIT Group filed for bankruptcy protection, a humbling event for the 101-year-old lender, but one expected to keep the company running. (Mon, 02 Nov 2009 01:19:21 GMT)

CIT files for Chapter 11 bankruptcy protection
After struggling for months to avert bankruptcy, lender CIT Group has filed for Chapter 11 protection in an attempt to restructure its debt while trying to keep badly needed loans flowing to thousands of mid-sized and small businesses. (Mon, 02 Nov 2009 02:28:54 GMT)

Retail faces uncertainty as CIT enters bankruptcy
The bankruptcy of a key lender that helps retailers stock their shelves is adding to the industry's worries ahead of the critical holiday shopping season. (Mon, 02 Nov 2009 05:09:49 GMT)

US lender CIT files for bankruptcy
CIT Group, one of the largest small-business lenders in the United States, has filed for bankruptcy, with its board approving a "prepackaged" restructuring plan to shed 10 billion dollars in debt. (Mon, 02 Nov 2009 06:23:25 GMT)

CIT files for bankruptcy protection
CIT files for bankruptcy protection (Mon, 02 Nov 2009 08:06:28 GMT)

CIT bankruptcy
By United Press International CIT Group, which received $2.3 billion in U.S. government bailout funds, declared bankruptcy, one of the largest such filings in the United States. (Mon, 02 Nov 2009 14:14:09 GMT)

CIT bankruptcy assigned to judge who had GM case
CIT Group Inc's bankruptcy case was assigned on Monday to U.S. Bankruptcy Judge Robert Gerber, the same judge who oversaw the recent reorganization of the automaker General Motors Co. (Mon, 02 Nov 2009 15:14:25 GMT)

CIT bankruptcy reassigned after recusal
CIT Group Inc's bankruptcy case was reassigned on Monday to U.S. Bankruptcy Judge Allan Gropper following the recusal of Judge Robert Gerber, who had been assigned the case hours earlier. (Mon, 02 Nov 2009 16:10:29 GMT)

CIT files for bankruptcy; taxpayers may lose $2.3B stake
After struggling for months to avert bankruptcy, lender CIT Group has filed for bankruptcy protection in an attempt to restructure its debt while trying to keep badly needed loans flowing to thousands of midsized and small businesses. (Mon, 02 Nov 2009 16:19:24 GMT)

CIT Group Files Bankruptcy, Seeks to Reduce Debt (Update2)
Nov. 2 (Bloomberg) -- CIT Group Inc., the 101-year-old commercial lender that saw its funding dry up in the credit crunch, filed for bankruptcy in an effort to cut $10 billion in debt following a failed debt exchange and U.S. taxpayer bailout. (Mon, 02 Nov 2009 16:26:12 GMT)

Bankruptcy judge approves Coyotes sale to NHL
PHOENIX (AP) -- A federal bankruptcy judge has given his approval to the sale of the Phoenix Coyotes to the NHL. (Mon, 02 Nov 2009 19:40:30 GMT)

Bankruptcy judge approves sale of Coyotes to NHL
A federal bankruptcy judge on Monday approved the sale of the Phoenix Coyotes to the National Hockey League. (Mon, 02 Nov 2009 21:30:16 GMT)

Bankruptcy judge approves sale of Coyotes to NHL
The Phoenix Coyotes' bumpy six-month journey through U.S. Bankruptcy Court has come to an end with a judge's approval of the sale of the franchise to the NHL. (Tue, 03 Nov 2009 01:36:13 GMT)

CIT Group's future remains up in the air after bankruptcy filing
The 101-year-old lender's months-long financial struggles have been a boon to rivals, which have picked up hundreds of its clients. On the heels of its bankruptcy filing, CIT Group Inc.'s future as a commercial lending giant will be determined by the confidence of its creditors and customers. (Tue, 03 Nov 2009 06:08:56 GMT)

Your bankruptcy is an open book
Anybody can find out about your financial problems in bankruptcy, and that includes your boss. (Tue, 03 Nov 2009 11:00:00 GMT)

New plan delays Greektown bankruptcy hearing
Hearings on Greektown Casino's Chapter 11 bankruptcy exit plan may be delayed as a new plan has emerged. (Tue, 03 Nov 2009 13:54:43 GMT)

Taxpayers' $2.3 Billion 'Gone' in CIT Bankruptcy
The recession claimed another major financial institution, as lending giant CIT filed for bankruptcy after months of struggling to keep the company, which funds about 1 million small- to medium-sized businesses, afloat. (Tue, 03 Nov 2009 15:59:05 GMT)

Retailers ‘Dodge Bullet’ With CIT’s November Bankruptcy Filing
Nov. 3 (Bloomberg) -- The timing of CIT Group Inc. ’s bankruptcy filing may have helped U.S. retailers avoid a holiday season with empty shelves. “Most retailers have dodged a bullet,” said Craig Shearman , a spokesman for the National Retail Federation. (Tue, 03 Nov 2009 16:31:37 GMT)

Bankruptcy is bad news really bad news for stock investors
Q: What generally happens to stocks of companies that filed for bankruptcy protection as they start coming out of court? Is there a normal pattern of what happens? (Tue, 03 Nov 2009 16:38:37 GMT)

The CIT Bankruptcy FAQ
Everything you need to know about CIT's bankruptcy. Updated throughout the week. (Tue, 03 Nov 2009 17:36:28 GMT)

CIT bankruptcy plan may win OK at December 8 hearing
A U.S. bankruptcy judge set a December 8 hearing to consider approval of CIT Group Inc's reorganization plan, aiding the large commercial lender's effort to emerge from bankruptcy by year's end. (Tue, 03 Nov 2009 20:07:03 GMT)

CIT Group Judge Allows Loans, Fast-Track Bankruptcy (Update3)
Nov. 3 (Bloomberg) -- CIT Group Inc. , the bankrupt 101- year-old commercial lender, can borrow an immediate $125 million and make intercompany loans as it attempts to exit bankruptcy on a fast track and keep its customers funded. (Tue, 03 Nov 2009 21:56:40 GMT)

Richmond radiology practice seeks bankruptcy protection
Commonwealth Cancer Institute, a small radiology practice in Richmond’s Carver neighborhood, has filed for bankruptcy protection. The Chapter 11 filing last week is intended to give the practice time to reorganize, by protecting it from its creditors’ claims. The practice, operated by Dr. Marcus W. Brown, has seen referrals from radiation treatment decline, cutting monthly revenue to $60,000 ... (Wed, 04 Nov 2009 05:08:14 GMT)

Bankruptcy judge OKs CIT plans
CIT Group, the bankrupt 101-year-old commercial lender, can borrow an immediate $125 million and make intercompany loans as it attempts to exit bankruptcy on a fast track and keep its customers funded. (Wed, 04 Nov 2009 08:31:04 GMT)

Garment exporters worried over US firm's bankruptcy filing
Indian garment exporters, already reeling under a severe demand crunch in key markets, have expressed concern over the application for bankruptcy protection filed in the US by CIT group, among the largest lenders to small and medium sized businesses. (Wed, 04 Nov 2009 10:26:04 GMT)

After bankruptcy slog, Delphi regains traction
For employees of Delphi's Lockport manufacturing plant, the last four years were dominated by the company's bankruptcy case. (Wed, 04 Nov 2009 12:22:53 GMT)

Boyd pursues Station Casinos in federal bankruptcy court
LAS VEGAS -- Casino operator Boyd Gaming Corp. is asking a federal bankruptcy judge to let it buy some or part of the assets of one of its rivals. Las Vegas-based Boyd filed a motion Sunday in Station Casinos Inc.'s Chapter 11 reorganization case in U.S. Bankruptcy Court in Reno. (Wed, 04 Nov 2009 14:41:07 GMT)

(AFX UK Focus) 2009-11-04 14:28 FairPoint creditors seek probe of run-up to bankruptcy
By Santosh Nadgir Nov 4 (Reuters) - A group of creditors of rural telecom services provider FairPoint Communications Inc have asked the judge to appoint an examiner to probe factors that led to the company's bankruptcy late last month, court filings showed. The Ad Hoc Committee of FairPoint Noteholders, so-called because a creditors committee is yet to be named by the court, said in a motion ... (Wed, 04 Nov 2009 14:57:54 GMT)

CIT seeks court date for bankruptcy exit plan
Commercial lender CIT Group Inc., which is operating under bankruptcy protection, said Wednesday it would ask a court to approve its prepackaged plan to exit Chapter 11 at a hearing on Dec. 8. (Wed, 04 Nov 2009 19:53:23 GMT)

Bankruptcy Trustee in Del. Holds Private Meeting
US bankruptcy trustee bars media from meeting in Del. diocesan bankruptcy (Wed, 04 Nov 2009 23:41:33 GMT)

Bankruptcy trustee in Del. holds private meeting
Federal officials began the process of choosing creditor representatives in the Catholic Diocese of Wilmington's Chapter 11 bankruptcy by meeting with diocesan officials behind closed doors Wednesday. (Thu, 05 Nov 2009 00:12:31 GMT)

US bankruptcy trustee bars media from meeting in Del. diocesan bankruptcy
WILMINGTON, Del. - Federal officials began the process of choosing creditor representatives in the Catholic Diocese of Wilmington's Chapter 11 bankruptcy by meeting with diocesan officials behind clo... (Thu, 05 Nov 2009 00:54:37 GMT)

Bankruptcy trustee in Del. holds private meeting
Federal officials began the process of choosing creditor representatives in the Catholic Diocese of Wilmington's Chapter 11 bankruptcy by meeting with diocesan officials behind closed doors Wednesday. The U.S. Trustee's office, a branch of the Justice... United States - Chapter 11 Title 11 United States Code - Creditor - Law - Roman Catholic Diocese of Wilmington (Thu, 05 Nov 2009 00:55:57 GMT)

(AFX UK Focus) 2009-11-05 11:13 Greek PM says needs to save country from bankruptcy
ATHENS, Nov 5 (Reuters) - Greece's 2010 budget will rationalise spending and lay the ground to ensure economic recovery, Prime Minister George Papandreou said on Thursday. "We need to save the country from bankruptcy," Papandreou said in a televised cabinet meeting. Papandreou said the draft budget, due to be published later on Thursday, would aim at re-establishing the confidence of the ... (Thu, 05 Nov 2009 11:42:45 GMT)

Atty: Ala city filing for bankruptcy more than $1 million in debt
    An attorney representing Prichard in the south Alabama city’s bankruptcy proceedings says the city’s debt is probably more than $1 million.     Attorney Scott Williams says bills from some of the city’s largest creditors, including Allied Waste, are being paid.     But Williams says money owed to retired city employees who did not receive a pension check last month must be added to the ... (Thu, 05 Nov 2009 14:08:15 GMT)

Bankruptcy Trustee Holds Closed-Door Meeting
WILMINGTON , Del. (AP)- The U.S. Trustee's office for Delaware is beginning its role in the Catholic Diocese of Wilmington's bankruptcy in secrecy. (Thu, 05 Nov 2009 14:25:41 GMT)

Shop Owner Files Bankruptcy After Explosion
BOZEMAN – The owner of a downtown Bozeman rug gallery that was severely damaged in a natural gas explosion has filed for bankruptcy in federal court. Jalal Neishabouri, owner of Rocky Mountain Rug Gallery, says he hopes the Chapter 11 filing will buy him some time while he reorganizes his business. According to court documents, Neishabouri owes between $10 million and $50 million to up to 50 ... (Thu, 05 Nov 2009 15:30:31 GMT)

Bozeman shop owner files bankruptcy after explosion
BOZEMAN (AP) — The owner of a downtown Bozeman rug gallery that was severely damaged in a natural gas explosion has filed for bankruptcy in federal court. (Thu, 05 Nov 2009 16:17:55 GMT)

Lear gets court approval for bankruptcy plan
Lear Corp. said Thursday that its reorganization plan was approved by a bankruptcy judge, paving the way for the auto supplier to emerge from Chapter 11 after just four months under court oversight. (Thu, 05 Nov 2009 17:41:54 GMT)

Lear gets court approval for bankruptcy plan
Lear Corp. said Thursday that its reorganization plan was approved by a bankruptcy judge, paving the way for the auto supplier to emerge from Chapter 11 after just four months under court oversight. Judge Allan Gropper approved the company's plan at a hearing... Chapter 11 Title 11 United States Code - Corporation - Law - Services - Bankruptcy Law (Thu, 05 Nov 2009 18:24:49 GMT)

Correction: CIT Group bankruptcy story
In a Nov. 1 story about CIT Group's bankruptcy filing, The Associated Press erroneously reported that Brandes Investment Partners LP holds 9.7 percent of CIT Group's common stock. CIT's Chapter 11 filing lists Brandes as a shareholder as of Feb. 15, but a spokesman for the firm said Brandes sold all of its clients' positions in CIT during the middle of the year. (Thu, 05 Nov 2009 18:38:01 GMT)

Correction: CIT Group Bankruptcy Story
Correction: CIT Group bankruptcy story (Thu, 05 Nov 2009 18:56:39 GMT)

Correction: CIT Group bankruptcy story
In a Nov. 1 story about CIT Group's bankruptcy filing, The Associated Press erroneously reported that Brandes Investment Partners LP holds 9.7 percent of CIT Group's common stock. CIT's Chapter 11 filing lists Brandes as a shareholder as of Feb. 15, but a... CIT Group - Chapter 11 Title 11 United States Code - Law - Services - Lawyers and Law Firms (Thu, 05 Nov 2009 19:10:46 GMT)

Malibu Country Club, Part-Owned by Fuld, Files Bankruptcy
Nov. 5 (Bloomberg) -- The Malibu Country Club, part-owned by former Lehman Brothers Holdings Inc. Chief Executive Richard Fuld , filed for bankruptcy protection after negotiations for a loan extension failed. (Thu, 05 Nov 2009 23:11:26 GMT)

Chrysler Seeks to Spend $302 Million on Bankruptcy Wind-Down
Nov. 6 (Bloomberg) -- Chrysler LLC , now known as Old Carco LLC, asked for court permission to use $302 million in its accounts to wind down its bankruptcy, allotting $30 million more for legal and financial advisers. (Fri, 06 Nov 2009 07:26:06 GMT)

Sweden breaks trend of rising bankruptcy figures
The number of Swedish companies filing for bankruptcy has dropped for the first time since June 2008, new figures show, although many companies continue to struggle. (Fri, 06 Nov 2009 07:46:06 GMT)

Free Project Self-Sufficiency seminar to discuss bankruptcy
NEWTON Project Self-Sufficiency will sponsor a free seminar about issues related to bankruptcy on Wednesday, Nov. 4 from 7 to 9 p.m. (Fri, 06 Nov 2009 07:50:49 GMT)

Austrian branch of retailer Quelle to file for bankruptcy
Vienna - The Austrian branch of failed mail-order retailer Quelle is set to file for bankruptcy soon, an employee representative said Friday, one day after the German parent company's brand name was sold to national competitor Otto. All of the 1,100 ... (Fri, 06 Nov 2009 11:35:45 GMT)

Digeo Files for Chapter 11 Bankruptcy in Seattle (Correct)
(Corrects date of filing in first paragraph.) Nov. 6 (Bloomberg) -- Digeo Inc., a closely held software maker based in Seattle and started by Microsoft Corp. co-founder Paul Allen , filed for Chapter 11 bankruptcy protection there Nov. 3. (Fri, 06 Nov 2009 22:11:25 GMT)

Mississippi woman sentenced for bankruptcy fraud
A Mississippi woman has been sentenced to nearly three years in prison for hiding more than $255,000 from a bankruptcy trustee. (Fri, 06 Nov 2009 23:00:43 GMT)

Lazydays Supercenter files for bankruptcy
Lazydays RV Supercenter made good on its plan to enter into bankruptcy this week, filing for Chapter 11 protection from creditors in Delaware on Thursday. (Sat, 07 Nov 2009 05:00:28 GMT)

Lawyer: Fla. office shooting suspect 'very mentally ill' under stress of bankruptcy, divorce
ORLANDO, Fla. - The engineer accused of fatally shooting one employee and wounding five others at the firm where he once worked is "very mentally ill" and crumbled under the stress of his divorce, bankruptcy and unemployment, his attorney said Saturday. (Sat, 07 Nov 2009 12:52:18 GMT)

Judge to Rule on Phila. Newspaper Bankruptcy Status
A federal court judge is considering an appeal of a bankruptcy court ruling that would allow lenders to take control of the company that owns the Philadelphia Inquirer and Daily News. The arguments centered on 'credit bidding'. (Sat, 07 Nov 2009 13:09:50 GMT)

Honolulu Symphony cancels all concerts, plans bankruptcy
The Honolulu Symphony said Friday it's cancelling concerts for the rest of the year and filing for bankruptcy, citing a big drop in donations. (Sat, 07 Nov 2009 15:14:17 GMT)

Orlando shooting suspect had recently filed for bankruptcy
The suspect in Friday's shooting of six people in a downtown high-rise is a 40-year-old man with economic woes that include a recent bankruptcy filing, federal records show. (Sat, 07 Nov 2009 15:46:19 GMT)

109-year-old Honolulu Symphony to file for bankruptcy
The Honolulu Symphony, said to be the oldest orchestra west of the Rocky Mountains, is cancelling the rest of its 2009 concerts and filing for bankruptcy. (Sat, 07 Nov 2009 16:04:17 GMT)

Bankruptcy filings in Wis. up over last year
Associated Press - November 7, 2009 11:05 AM ET MADISON, Wis. (AP) - Bankruptcy filings in the state are up about 30 percent from this time last year, particularly among seniors struggling with... (Sat, 07 Nov 2009 16:11:07 GMT)

Bankruptcy Filings In State Up Over Last Year
MADISON, Wis. -- Bankruptcy filings in the state are up about 30 percent from this time last year, particularly among seniors struggling with medical expenses. (Sat, 07 Nov 2009 16:29:51 GMT)

Honolulu Symphony Bankruptcy Disturbs Musicians
News of the Honolulu Symphony's bankruptcy announcement is sending shock waves through the community. (Sun, 08 Nov 2009 02:41:58 GMT)

Bankruptcy filings are up 30 percent in Wisconsin
Bankruptcy filings have gone up 30 percent in Wisconsin this year over last year. (Sun, 08 Nov 2009 03:14:14 GMT)

Read up on personal bankruptcy before making a decision
Declaring bankruptcy is not an easy choice. But for those in dire straits, it can prove a viable option that allows financial recovery. (Sun, 08 Nov 2009 05:04:24 GMT)

Will state have say in FairPoint bankruptcy?
Now that the fate of FairPoint Communications has moved out of the state's jurisdiction and into a New York bankruptcy court, it's hard to know how much leverage state officials will have in protecting New Hampshire's interests. (Sun, 08 Nov 2009 06:33:30 GMT)

Free Project Self-Sufficiency seminar to discuss bankruptcy
NEWTON Project Self-Sufficiency will sponsor a free seminar about issues related to bankruptcy on Wednesday, Nov. 4 from 7 to 9 p.m. (Sun, 08 Nov 2009 07:45:59 GMT)

Bankruptcy proceedings coming to an end?
Natchez Regional Medical Center hopes bankruptcy will be a thing of the past in 30 days. (Sun, 08 Nov 2009 08:01:44 GMT)

Boeing fighter to run on biofuel; Mastro bankruptcy trustee keeps job
Boeing is testing whether biofuels can power the F/A 18 Super Hornet jet fighter. Also, Seattle developer Michael Mastro's "Friends & Family" creditors fall short in vote to replace the bankruptcy trustee. (Sun, 08 Nov 2009 08:31:12 GMT)

Wis. Bankruptcy Filings Are Up
Bankruptcy filings in the state are up about 30 percent from this time last year, particularly among seniors struggling with medical expenses. (Sun, 08 Nov 2009 11:49:10 GMT)

Bankruptcy filings up in Wisconsin
MADISON, Wis. (AP) - Bankruptcy filings in the state are up about 30 percent from this time last year, particularly among seniors struggling with medical expenses. In the western half of Wisconsin, there were about 7,000 filings for all of last year. This year there were almost that many as of last month. In eastern Wisconsin, there were more than 14,000 bankruptcy filings by Oct. 1. That number ... (Sun, 08 Nov 2009 15:52:28 GMT)

Advanta Corp. Has Filed for Chapter 11 Bankruptcy
Nov. 8 (Bloomberg) -- Advanta Corp. has filed for chapter 11 bankruptcy, due to almost $100 million in debt obligations that the company currently can’t meet. (Mon, 09 Nov 2009 04:00:45 GMT)

Advanta files for bankruptcy protection
Advanta Corp , a small business credit card lender in the United States, said on Sunday it filed for bankruptcy protection after the economic crisis over the last two years devastated its small business customers. (Mon, 09 Nov 2009 05:25:59 GMT)

Teton Energy Files For Chapter 11 Bankruptcy
Teton Energy Files For Chapter 11 Bankruptcy (Mon, 09 Nov 2009 12:03:31 GMT)

Teton Energy Files For Chapter 11 Bankruptcy
LONDON -- Teton Energy Corp. , a Denver-based oil and gas explorer, said it's filed for Chapter 11 bankruptcy protection. Rise Energy Partners II has agreed to contribute $18.7 million in return for ... (Mon, 09 Nov 2009 13:13:21 GMT)

Advanta Files for Bankruptcy, Says Bank Unit May Face Takeover
Nov. 9 (Bloomberg) -- Advanta Corp. , the small-business credit-card issuer that cut off accounts of 1 million customers as defaults soared, filed for bankruptcy and said its undercapitalized banking unit may be turned over to regulators. (Mon, 09 Nov 2009 14:38:33 GMT)

Lear Emerges From Bankruptcy
Lear Emerges From Bankruptcy (Mon, 09 Nov 2009 15:48:22 GMT)

Bankruptcy filing is a blow to small business
Small business credit card lender Advanta has filed for bankruptcy, five months after it cut off new lending on its 1 million customer accounts. (Mon, 09 Nov 2009 15:55:51 GMT)

Lear's four-month bankruptcy trip comes to an end
After falling into bankruptcy four months ago, Lear says it has emerged as a more competitive auto-parts maker with a strong balance sheet and an improving business outlook. (Mon, 09 Nov 2009 16:10:59 GMT)

Advanta Corp. files for Chapter 11 bankruptcy
Small business credit card lender Advanta Corp. has filed for Chapter 11 bankruptcy protection. Its shares plunged more than 70 percent in midday trading Monday, dropping 25 cents to 8 cents. (Mon, 09 Nov 2009 16:52:26 GMT)

Auto supplier Lear exits bankruptcy
Auto parts maker Lear Corp. says it has emerged from bankruptcy protection with a healthier balance sheet and a backlog of new business. (Mon, 09 Nov 2009 16:55:48 GMT)

Auto supplier Lear exits bankruptcy
Auto parts maker Lear Corp. emerged Monday from four months in bankruptcy protection, saying it has a healthier balance sheet, less debt and a backlog of new business. (Mon, 09 Nov 2009 18:30:47 GMT)

Advanta files for Chapter 11 bankruptcy
Small business credit card lender Advanta has filed for Chapter 11 bankruptcy protection. (Mon, 09 Nov 2009 18:38:04 GMT)

Granite Park developer Barbis files bankruptcy
Former Granite Park developer Milt Barbis has filed for bankruptcy protection, stating in court documents that he faces more than $8 million in debts. (Tue, 10 Nov 2009 07:22:12 GMT)

Embattled pork producer files for bankruptcy
Coharie Farms, the pork production company owned by the daughter of former U.S. Sen. Lauch Faircloth, filed for bankruptcy protection on Friday. (Tue, 10 Nov 2009 13:57:04 GMT)

Clinton pork producer files for bankruptcy
CLINTON (AP) - A North Carolina pork producer has filed for bankruptcy after complaints from unpaid vendors and falling pork consumption tied to swine flu fears. (Tue, 10 Nov 2009 15:23:25 GMT)

Major state pork producer files for bankruptcy
CLINTON, N.C. (AP) — A North Carolina pork producer has filed for bankruptcy after complaints from unpaid vendors and falling pork consumption tied to swine flu fears. The News & Observer of Raleigh reported that Coharie Farms of Clinton filed for... (Tue, 10 Nov 2009 15:29:51 GMT)

Hacketts Filing for Chapter 11 Bankruptcy
According to a statement from Vice President Herbert Becker, Hacketts plans to file for chapter 11 bankruptcy protection. (Tue, 10 Nov 2009 15:45:48 GMT)

Barrington gets revived after bankruptcy by Houston New Home Source
A little more than a year after the developers for Barrington Homes, Bravo Marshall Community, filed paperwork for Chapter 7 bankruptcy, two local Realtors are working to bring the community back to life. (Tue, 10 Nov 2009 16:11:48 GMT)

(AFX UK Focus) 2009-11-10 16:38 US FED: Rosengren-Living Wills May Enhance Bankruptcy Procedure
Washington, November 10 - Boston Federal Reserve President Eric Rosengren said that "living wills" could not only enhance the global community's understanding of the difficulties of resolving large complicated institutions, but could also enhance greater international coordination regarding resolution and bankruptcy procedures. (Tue, 10 Nov 2009 16:41:11 GMT)

Ambac Falls After Reporting It May Consider Bankruptcy
Nov. 10 (Bloomberg) -- Ambac Financial Group Inc. declined after reporting late yesterday that it may seek bankruptcy protection. (Tue, 10 Nov 2009 21:36:32 GMT)

Ambac warns it may file for bankruptcy protection
Shares of Ambac Financial Group Inc. plunged 33 percent Tuesday after the embattled bond insurer said it may be forced to file for bankruptcy protection if it cannot improve its cash position. (Tue, 10 Nov 2009 23:47:48 GMT)

Ambac shares sink as warns of possible bankruptcy
Shares of bond insurer Ambac Financial Group Inc sank 33 percent on Tuesday after the company warned it may be forced to seek bankruptcy protection if it cannot fix its liquidity problems. (Wed, 11 Nov 2009 00:05:10 GMT)

Free bankruptcy clinic offered Nov. 18, Dec. 11
On Nov. 18 and on Dec. 11, Legal Aid Society/Put Something Back and the Bankruptcy Bar Association are offering a free bankruptcy clinic from 11 a.m. to 1 p.m, at the Bankruptcy Courthouse in downtown Miami, 51 S.W. 1st Ave., Courtroom 1410. (Wed, 11 Nov 2009 06:01:11 GMT)

Ambac Warns of Possible Bankruptcy
Shares of bond insurer Ambac Financial Group sank 33 percent on Tuesday after the company warned it may be forced to seek bankruptcy protection if it cannot fix its liquidity problems, Reuters reported. (Wed, 11 Nov 2009 10:41:30 GMT)

NutraCea files for bankruptcy protection
NutraCea, which refines rice bran into food products, says it filed for Chapter 11 bankruptcy protection to it can remain in business while selling off some of its operations and slashing costs. (Wed, 11 Nov 2009 13:08:23 GMT)

NutraCea files for bankruptcy
Nov 11 (Reuters) - NutraCea said on Tuesday that it filed for Chapter 11 protection in an Arizona bankruptcy court to restructure its operations, reduce overhead and sell non-core assets. (Wed, 11 Nov 2009 14:23:49 GMT)

Hacketts files for bankruptcy
A North Country-based department store chain with a location in Tupper Lake is filing for bankruptcy. (Wed, 11 Nov 2009 15:15:20 GMT)

Involuntary bankruptcy petition filed against Rothstein Rosenfeldt Adler
The Rothstein Rosenfeldt Adler law firm was hit with an involuntary bankruptcy filing late Tuesday as investors stepped up efforts to try to recover money they say is missing in what federal authorities call a massive Ponzi scheme run by the firm's co-founder, Scott Rothstein. (Wed, 11 Nov 2009 15:57:46 GMT)

Bankruptcy filings up in western Wisconsin
The number of bankruptcy filings are up this year, and health care could be one of the reasons. (Wed, 11 Nov 2009 16:02:53 GMT)

Creditors of Florida Law Firm File Bankruptcy Case (Update1)
Nov. 11 (Bloomberg) -- Creditors of the Florida law firm Rothstein Rosenfeldt Adler PA, whose co-founder is suspected of running a multimillion-dollar Ponzi scheme, sought to push the firm into bankruptcy. (Wed, 11 Nov 2009 20:15:31 GMT)

Creditors withdraw motion in FairPoint bankruptcy
Bondholders who are owed more than $550 million by FairPoint Communications Inc. have withdrawn a motion asking a bankruptcy judge to appoint an examiner to investigate factors leading to FairPoint's Chapter 11 bankruptcy last month. (Wed, 11 Nov 2009 21:42:26 GMT)

Creditors withdraw motion in FairPoint bankruptcy
Bondholders who are owed more than $550 million by FairPoint Communications Inc. have withdrawn a motion asking a bankruptcy judge to appoint an examiner to investigate factors leading to FairPoint's Chapter 11 bankruptcy last month. A creditor committee... Chapter 11 Title 11 United States Code - Creditor - Law - Services - Lawyers and Law Firms (Wed, 11 Nov 2009 22:10:19 GMT)

Creditors Withdraw Motion in FairPoint Bankruptcy
Creditors withdraw motion seeking examiner in FairPoint Communications bankruptcy (Wed, 11 Nov 2009 22:11:39 GMT)

Philadelphia Newspapers' Creditors Try to Delay Bankruptcy Auction
PHILADELPHIA Creditors trying to take over Philadelphia's two major newspapers hope to delay next week's scheduled bankruptcy auction while they challenge the bid rules. (Thu, 12 Nov 2009 07:33:01 GMT)

Creditors withdraw motion in FairPoint bankruptcy
PORTLAND, Maine — Bondholders who are owed more than $550 million by FairPoint Communications Inc. have withdrawn a motion asking a bankruptcy judge to appoint an examiner to investigate factors leading to FairPoint's Chapter 11 bankruptcy last month. ... - The Associated Press (Thu, 12 Nov 2009 13:40:12 GMT)

NutraCea files for Chapter 11 bankruptcy
The company said that it intends to focus on its core business of stabilized rice bran, rice bran oil, neutraceuticals and baby cereal. It also said that none of its subsidiaries have been included in the bankruptcy. (Thu, 12 Nov 2009 15:16:40 GMT)

GM Readies 1st Post-Bankruptcy Results
GM will report its third-quarter earnings on Monday, in the company's first such report since it declared bankruptcy. (Thu, 12 Nov 2009 15:40:34 GMT)

Premium Protein Products Files for Bankruptcy
A Nebraska meatpacking company that has furloughed hundreds of its employees for months has filed for Chapter 11 bankruptcy protection. (Thu, 12 Nov 2009 16:23:11 GMT)

Vegas nightclub owners file for bankruptcy in Fla.
The owners of a nightclub and lounge on the Las Vegas Strip have filed for bankruptcy protection in Florida. (Fri, 13 Nov 2009 01:02:11 GMT)

Vegas nightclub owners file for bankruptcy in Fla.
The owners of a nightclub and lounge on the Las Vegas Strip have filed for bankruptcy protection in Florida. Prive Vegas LLC and PVPH LLC filed Chapter 11 bankruptcy cases in federal bankruptcy court on Wednesday, saying they want to keep the Prive and Living Room nightclubs open at the Planet Hollywood casino-resort. (Fri, 13 Nov 2009 01:02:11 GMT)

Vegas Nightclub Owners File for Bankruptcy in Fla.
Owners of Prive nightclub on Las Vegas Strip file for bankruptcy protection in Florida Las Vegas Strip - Nevada - Florida - United States - Business (Fri, 13 Nov 2009 01:26:19 GMT)

Prive Nightclub Owners File For Bankruptcy
The owners of a nightclub and lounge on the Las Vegas Strip have filed for bankruptcy protection in Florida. Prive Vegas filed Chapter 11 bankruptcy cases in federal bankruptcy court on Wednesday, saying they want to keep the Prive and Living Room nightclubs open at the Planet Hollywood casino-resort. (Fri, 13 Nov 2009 13:06:28 GMT)

Gemcraft files for bankruptcy
Homes built fell from 1,200 to 400 a year, company says Harford County-based Gemcraft Homes Inc., one of the largest independent home builders in the mid-Atlantic, has filed for Chapter 11 bankruptcy protection amid declining sales in the recession. (Fri, 13 Nov 2009 14:13:00 GMT)

Madoff’s Air Charter Company Files for Bankruptcy in New York
Nov. 13 (Bloomberg) -- BLM Air Charter LLC, a Bernard Madoff company that owns a half interest in a business jet bought last year for $25 million, filed for bankruptcy protection in federal court in New York. (Fri, 13 Nov 2009 14:27:29 GMT)

Opium's Vegas club files for bankruptcy
Opium Group's Prive nightclub at the Las Vegas Planet Hollywood casino has filed for bankruptcy protection. The Miami Beach club operator said Prive will remain open during a restructuring under Chapter 11 protection in a Miami bankruptcy court. Prive was shut down for a month this summer over a liquor-license dispute. The corporate entities behind Prive Las Vegas listed $50,000 in assets and ... (Fri, 13 Nov 2009 14:29:03 GMT)

Prive files for Chapter 11 bankruptcy protection
The new owners of Prive nightclub and Living Room Lounge at the Planet Hollywood Casino are filing for Chapter 11 bankruptcy protection. The clubs are currently owned by a Florida company. It says it is doing everything it can to keep the properties on the Strip open. (Fri, 13 Nov 2009 14:51:12 GMT)

Prichard police chief resigns; city bankruptcy not a factor, he says
Lawrence Battiste, who came to Prichard after working 17 years at the Mobile County Sheriff's Office, said he was not asked to leave the department. He also said the fact that the city filed for Chapter 9 bankruptcy protection about two weeks ago did not impact his decision. (Fri, 13 Nov 2009 15:32:55 GMT)

Opium's Vegas club files for bankruptcy
The owners of a nightclub and lounge on the Las Vegas Strip have filed for bankruptcy protection in Florida. Prive Vegas LLC and PVPH LLC filed Chapter 11 bankruptcy cases in federal bankruptcy court... (Fri, 13 Nov 2009 16:07:02 GMT)

Former Middle East hostage files for bankruptcy
Former hostage Terry Anderson, who was held captive in the Middle East for 6 1/2 years, has filed for bankruptcy. (Fri, 13 Nov 2009 20:22:21 GMT)

Former Middle East hostage files for bankruptcy
Former hostage Terry Anderson, who was held captive in the Middle East for 6 1/2 years, has filed for bankruptcy. In the chapter 7 bankruptcy filed Nov. 3, which was first reported by The Columbus Dispatch in Ohio, Anderson claimed $1.8 million in liabilities and $60,000 in assets. (Fri, 13 Nov 2009 20:22:21 GMT)

Former Middle East Hostage Files for Bankruptcy
Ex-AP reporter held hostage by Iranian terrorists in the Middle East files for bankruptcy Middle East - Associated Press - Law - Business and Economy - Society and Culture (Fri, 13 Nov 2009 21:26:19 GMT)

Correction: Lear Bankruptcy story
In a Nov. 9 story about Lear Corp. emerging from bankruptcy protection, The Associated Press erroneously reported that third-quarter results would be released on Nov. 11. Those results were released on Nov. 9. (Fri, 13 Nov 2009 22:52:57 GMT)

Tribune asks Bankruptcy Court for extension
The Los Angeles Times' owner wants four more months to plan its exit from Chapter 11 without interference. The company says it would emerge from bankruptcy May 31. Signaling that infighting among creditors is bogging down reorganization efforts, Tribune Co. has asked a U.S. Bankruptcy Court in Delaware to give its management team until March 31 to craft a plan to exit Chapter 11 without ... (Sat, 14 Nov 2009 07:03:38 GMT)

The Nation: Former Mideast hostage Anderson files for bankruptcy
LEXINGTON, KY. Ex-Lebanon hostage files bankruptcy Former hostage Terry Anderson, who was held captive in the Middle East for six years, has filed for bankruptcy. In the chapter 7 bankruptcy filed Nov. 3, which was first reported by The Columbus Dispatch in Ohio, Anderson claimed $1. (Sat, 14 Nov 2009 09:47:29 GMT)

Amelia Island Plantation Files Bankruptcy
AMELIA ISLAND, Fla. -- Some Amelia Island residents have formed a group to invest in the company that owns Amelia Island Plantation after it filed for Chapter 11 bankruptcy protection. (Sat, 14 Nov 2009 11:07:51 GMT)

Bankruptcy iffy way to stop car repo
Dear Driving for Dollars, I couldn't pay my car loan in full because I was laid off. I let the bank know and made regular payments of $200 instead of the full $329. After three months, it repossessed my car. Should I claim bankruptcy? (Sat, 14 Nov 2009 11:36:29 GMT)

Follower faces allegations of bankruptcy fraud
A bankruptcy court wants a high-ranking member of Tony Alamo Christian Ministries to produce financial and property documents by the end of the month. (Sat, 14 Nov 2009 14:05:17 GMT)

Terry Anderson, former Middle East hostage, files for bankruptcy
LEXINGTON, Ky. (AP) - Former hostage Terry Anderson, who was held captive in the Middle East for 6-1/2; years, has filed for bankruptcy. In the chapter 7 bankruptcy filed Nov. 3, which was first reported by The Columbus Dispatch in Ohio, Anderson claimed (Sat, 14 Nov 2009 14:31:58 GMT)

Valley Swim Club to file bankruptcy
A swim club accused of discrimination in revoking the memberships of mostly black and Hispanic children plans to declare bankruptcy, a newspaper reported Saturday. (Sat, 14 Nov 2009 20:10:57 GMT)

Pa. Swim Club Accused of Discrimination to File Bankruptcy
A newspaper says a suburban Philadelphia swim club accused of discrimination in revoking the memberships of mostly black and Hispanic children last summer plans to declare bankruptcy. (Sat, 14 Nov 2009 21:57:23 GMT)

Swim club in bias lawsuit to file bankruptcy
A suburban swim club accused of discrimination last summer after revoking the memberships of mostly black and Hispanic children plans to declare bankruptcy, a newspaper reported Saturday. Newspaper - Bankruptcy - United States - Law - Services (Sat, 14 Nov 2009 23:06:38 GMT)

Pa. swim club accused of bias to file bankruptcy
A suburban swim club accused of discrimination last summer after revoking the memberships of mostly black and Hispanic children plans to declare bankruptcy, a newspaper reported Saturday. (Sun, 15 Nov 2009 02:34:43 GMT)

Pa. Swim Club Accused Of Bias To File Bankruptcy
A suburban Philadelphia swim club accused of discrimination in revoking the memberships of mostly black and Hispanic children after a single visit last summer plans to declare bankruptcy, a newspaper reported Saturday. Valley Swim Club president John Duesler sent an e-mail to club "friends and families" Friday saying the board of directors had voted 5-1 to file for Chapter 7 bankruptcy this week ... (Sun, 15 Nov 2009 04:39:05 GMT)

Embattled swim club headed to bankruptcy
A Lower Moreland swim club that made national headlines after being accused of racism for turning away minority day campers plans to file for bankruptcy, according to an e-mail from the club's president to members. (Sun, 15 Nov 2009 10:14:24 GMT)

Swim club accused of bias declaring bankruptcy
PHILADELPHIA — A suburban Philadelphia swim club accused of discrimination in revoking the memberships of mostly black and Hispanic children after a single visit last summer plans to declare bankruptcy, a newspaper reported Saturday. (Sun, 15 Nov 2009 11:38:34 GMT)

Bankruptcy Court approves UD purchase of Chrysler site
The University of Delaware's purchase agreement for the 272-acre site formerly occupied by the Chrysler Assembly Plant in Newark was approved by the U.S. Federal Bankruptcy Court in New York on Thursday. (Sun, 15 Nov 2009 12:33:58 GMT)

Amelia Island Co. in Chapter 11 bankruptcy
Amelia Island Co. has filed for reorganization under Chapter 11 bankruptcy proceedings. There will be “business as usual” at the Amelia Island Plantation resort while the company reorganizes and firms up its finances. (Sun, 15 Nov 2009 13:34:02 GMT)

Champion Enterprises Files For Bankruptcy
Champion Enterprises Files For Bankruptcy (Mon, 16 Nov 2009 04:11:52 GMT)

GM Posts $1.15 Billion Quarterly Loss After Exiting Bankruptcy
Nov. 16 (Bloomberg) -- General Motors Co., the successor to the automaker that slid into bankruptcy this year, said it lost $1.15 billion in the third quarter after its July 10 exit from a U.S.-backed restructuring. (Mon, 16 Nov 2009 12:15:22 GMT)

Simmons, Bedding Maker, Files for Bankruptcy Reorganization
Nov. 16 (Bloomberg) -- Simmons Bedding Co., the Atlanta- based bedding manufacturer owned by Thomas H. Lee Partners, filed for bankruptcy reorganization. (Mon, 16 Nov 2009 13:00:41 GMT)

GM has post-bankruptcy loss of $1.15 billion
General Motors Co., the successor to General Motors Corp., reports a third-quarter loss of $1.15 billion, even as government stimulus programs help increase its sales and pull down the size of its inventory in the period following the automaker's emergence from bankruptcy in July. GM's management also vows to speed up the repayment of government assistance to the U.S. and Canadian governments. (Mon, 16 Nov 2009 13:10:42 GMT)

Bankruptcy process to be sped up
A plan to speed up the bankruptcy process in England and Wales has been published by the government. (Mon, 16 Nov 2009 13:15:19 GMT)

GM posts $1.2B loss since bankruptcy exit, revenue climbs, cash use falls as it makes progress
DETROIT (AP) — General Motors Co. says it lost $1.2 billion from the time it left bankruptcy protection through Sept. 30, far better than it has reported in previous quarters and a sign that the auto giant is starting to turn around its business. (Mon, 16 Nov 2009 13:41:29 GMT)

Simmons, U.S. Mattress Maker, Files for Bankruptcy (Update1)
Nov. 16 (Bloomberg) -- Simmons Co., the U.S. mattress-maker owned by private-equity firm Thomas H. Lee Partners, sought bankruptcy protection from creditors with a plan to sell itself to investors for $760 million. (Mon, 16 Nov 2009 13:45:37 GMT)

GM posts $1.2B loss since bankruptcy exit, revenue climbs, cash use falls
DETROIT - General Motors Co. says it lost US$1.2 billion from the time it left bankruptcy protection through Sept. 30, far better than it has reported in previous quarters and a sign that the auto giant is starting to turn around its business. (Mon, 16 Nov 2009 13:59:00 GMT)

Bankruptcy process to be sped up
A plan to speed up the bankruptcy process in England and Wales has been published by the government.It proposes letting people apply to become bankrupt by post or online, instead of going to court. Th... (Mon, 16 Nov 2009 15:12:28 GMT)

Simmons Files for Bankruptcy as Part of Sale
Simmons Bedding on Monday filed for bankruptcy protection in New York as part of its proposed sale to a private equity firm and a Canadian pension plan, the latest step in the mattress company's efforts to reorganize its debts. (Mon, 16 Nov 2009 15:26:07 GMT)

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