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Home > Bankruptcy News

Bankruptcy News Nov 2009

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GM's $1.15B loss beats post-bankruptcy expectations
Detroit -- General Motors Co. might be able to repay $6.7 billion in federal aid by next summer, five years earlier than expected, because the automaker's worst pre-bankruptcy financial fears never materialized. (Tue, 17 Nov 2009 06:14:34 GMT)

CIT Has $1.07 Billion Loss Before Bankruptcy
CIT Group, the large U.S. consumer finance company, on Monday posted a $1.07 billion loss for the third quarter, the last full three-month period prior to its Chapter 11 bankruptcy filing. (Tue, 17 Nov 2009 10:11:13 GMT)

CIT Group loses $1.07B in 3rd quarter as operations worsened ahead of bankruptcy filing
NEW YORK - Commercial lender CIT Group, which recently filed for bankruptcy protection, says it lost US$1.07 billion during the third quarter. (Tue, 17 Nov 2009 13:36:00 GMT)

CIT Group loses $1.07B in 3rd-qtr as operations worsened ahead of bankruptcy filing
NEW YORK - Commercial lender CIT Group Inc. says it lost $1.07 billion during the third quarter as its cash crunch worsened ahead of filing for bankruptcy protection earlier this month. (Tue, 17 Nov 2009 13:37:19 GMT)

CIT Group loses $1.07B in 3rd quarter as operations worsened ahead of bankruptcy filing
NEW YORK - Commercial lender CIT Group, which recently filed for bankruptcy protection, says it lost $1.07 billion during the third quarter. One of the nation's largest lenders to small and mid-size... (Tue, 17 Nov 2009 14:02:31 GMT)

Posh island resort files Chapter 11 bankruptcy
Associated Press - November 17, 2009 9:24 AM ET AMELIA ISLAND, Fla. (AP) - Amelia Island Plantation has filed for Chapter 11 bankruptcy, claiming the recesssion has hurt its business. (Tue, 17 Nov 2009 14:27:02 GMT)

Iceland's deCODE genetics files for bankruptcy
Icelandic research company deCODE genetics Inc. filed for bankruptcy protection in the United States on Tuesday to facilitate the sale of its assets, the company announced. (Tue, 17 Nov 2009 15:46:34 GMT)

Posh island resort files Chapter 11 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... (Tue, 17 Nov 2009 15:53:57 GMT)

Posh Amelia Island resort files for bankruptcy
AMELIA ISLAND — Amelia Island Plantation has filed for Chapter 11 bankruptcy, claiming the recession has hurt its business. Amelia Island Co. President Jack Healan says the the resort will continue to operate as usual. (Tue, 17 Nov 2009 16:17:16 GMT)

Icelandic gene pioneer Decode files for bankruptcy
Iceland's Decode Genetics Inc, a pioneer in genetic research, has filed for bankruptcy protection, weighed down by debts after 13 years of failing to make a profit. (Tue, 17 Nov 2009 20:01:28 GMT)

Judge approves Charter's bankruptcy exit plan
A U.S. bankruptcy judge on Tuesday formally approved Charter Communications' reorganization plan, paving the way for the cable television operator to exit Chapter 11. (Wed, 18 Nov 2009 03:47:50 GMT)

Bankruptcy Court Approves Charter's Reorg Plan; Could Emerge From Chapter 11 Within Weeks
Nearly eight months after Charter Communications filed for Chapter 11, a bankruptcy court judge has endorsed the cable operators reorganization plan, the company announced. The news comes a day after it was disclosed that the St. (Wed, 18 Nov 2009 04:52:29 GMT)

Charter Communications Bankruptcy Plan Confirmed by Judge
Nov. 18 (Bloomberg) -- Charter Communications Inc. won confirmation of its bankruptcy plan, with a judge saying it resolves one of the most complex battles ever between a company and a lender and will also allow the fourth-largest cable operator to “flourish.” (Wed, 18 Nov 2009 05:47:54 GMT)

Japan Air Falls After Transport Minister’s Bankruptcy Remarks
Nov. 18 (Bloomberg) -- Japan Airlines Corp. , which is seeking a state bailout, fell to a record after Japan’s transport minister said he wouldn’t rule out bankruptcy for the carrier. (Wed, 18 Nov 2009 09:34:57 GMT)

Pa. swim club accused of bias files for bankruptcy
A suburban Philadelphia swim club accused of discrimination last summer after revoking the memberships of mostly black and Hispanic children has filed for bankruptcy. (Wed, 18 Nov 2009 12:22:24 GMT)

Pa. Swim Club Accused of Bias Files for Bankruptcy
Suburban Philly swim club accused of discriminating against minority kids files for bankruptcy United States - Sports - Water Sports - Swimming and Diving - Swimming (Wed, 18 Nov 2009 13:26:19 GMT)

Pa. swim club accused of bias files for bankruptcy
Suburban Philly swim club accused of discriminating against minority kids files for bankruptcy (Wed, 18 Nov 2009 14:09:49 GMT)

deCODE Files for Bankruptcy
deCODE genetics Inc. has filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code with the U.S. Bankruptcy Court for the District of Delaware to facilitate the sale of substantially all of its assets. deCODE is continuing to operate its business and manage its properties as a debtor-in-possession pursuant to Sections 1107 and 1108 of the Bankruptcy Code. (Wed, 18 Nov 2009 15:39:56 GMT)

Bankruptcy auction of Philadelphia Newspapers LLC put on hold while creditors appeal ruling
PHILADELPHIA - A bankruptcy auction of the company that publishes The Philadelphia Inquirer and Philadelphia Daily News has been postponed while creditors appeal a key ruling. (Wed, 18 Nov 2009 16:50:50 GMT)

Swim club accused of bias files for bankruptcy
The Pennsylvania swim club accused of discriminating against minority children over the summer has filed for bankruptcy, according to the U.S. Bankruptcy Court for the Eastern District of Pennsylvania. (Wed, 18 Nov 2009 20:23:40 GMT)

More people filing bankruptcy have college educations
Bankruptcy filers are more educated than they were 16 years ago. (Thu, 19 Nov 2009 01:07:37 GMT)

More members of middle class file for bankruptcy
Personal bankruptcy has become a largely middle-class phenomenon led by filers who are college-educated and owners of homes, a new study shows. (Thu, 19 Nov 2009 06:42:55 GMT)

Brigham restaurant chain nears bankruptcy
After serving sweet treats for nearly 100 years, Brigham's is facing a filing for bankruptcy protection, according to an official with the company that owns the restaurant chain. (Thu, 19 Nov 2009 13:43:03 GMT)

More members of middle class file for bankruptcy
A new study finds that personal bankruptcy has become a largely middle-class phenomenon led by filers who are college-educated and owners of homes. (Thu, 19 Nov 2009 14:29:08 GMT)

CIT Group says bankruptcy plan wins wide support
CIT Group Inc on Thursday said it has won overwhelming support from bondholders for its reorganization plan, as the big finance company tries to emerge from bankruptcy by the end of the year. (Thu, 19 Nov 2009 15:50:19 GMT)

CIT Group says bankruptcy plan wins wide support
NEW YORK (Reuters) - CIT Group Inc on Thursday said it has won overwhelming support from bondholders for its reorganization plan, as the big finance company tries to emerge from bankruptcy by the end of the year. (Thu, 19 Nov 2009 15:50:19 GMT)

(AFX UK Focus) 2009-11-19 16:00 UPDATE 1-CIT Group says bankruptcy plan wins wide support
NEW YORK, Nov 19 (Reuters) - CIT Group Inc on Thursday said it has won overwhelming support from bondholders for its reorganization plan, as the big finance company tries to emerge from bankruptcy by the end of the year. The New York-based company said it was won "substantially in excess" of the minimum support needed under U.S. bankruptcy law to restructure from all classes of bondholders ... (Thu, 19 Nov 2009 16:28:16 GMT)

Eurofresh Inc. Successfully Emerges from Bankruptcy
Phoenix - Eurofresh Inc, one of Southern Arizona’s largest employers and the leading year-round producer and marketer of greenhouse tomatoes in the United States, exited Chapter 11 bankruptcy protection today. (Thu, 19 Nov 2009 16:30:54 GMT)

Mall Operator in Bankruptcy Reaches a Deal With Lenders
General Growth Properties, which filed for bankruptcy protection in April, is close to restructuring almost $9 billion of its $27 billion in debt. (Fri, 20 Nov 2009 00:50:40 GMT)

Hong Kong Bankruptcy Petitions Decline to Lowest Level in Year
Nov. 20 (Bloomberg) -- Hong Kong’s bankruptcy petitions fell in October to a one-year low as the city emerges from its worst slump since the 1997-98 Asian financial crisis. (Fri, 20 Nov 2009 05:57:37 GMT)

Emerging from bankruptcy
Avoiding bankruptcy can be tough if your income doesn't come close to covering your monthly obligations. Before you get to the point of no return, pay attention to warning signs that you're heading in that direction. (Fri, 20 Nov 2009 11:37:11 GMT)

Parent of Quality Markets files for bankruptcy
Penn Traffic, parent company of Quality Markets grocery stores, filed Chapter 11 bankruptcy protection Wednesday for the third time in a decade. (Fri, 20 Nov 2009 13:09:21 GMT)

Hong Kong Bankruptcy Filings Fall to Lowest in Year (Update1)
Nov. 20 (Bloomberg) -- Hong Kong’s personal bankruptcy filings fell in October to a one-year low as the city emerges from its worst slump since the 1997-98 Asian financial crisis. (Fri, 20 Nov 2009 13:13:14 GMT)

No money for people who paid for funerals in Dent's Undertaking Establishment bankruptcy
A bankruptcy trustee says the bankruptcy case for Frank Griffin and Dent's Undertaking Establishment is coming to a close; there is no money for prepaid funeral arrangements and the historic property is possibly headed towards foreclosure. (Fri, 20 Nov 2009 15:42:56 GMT)

General Growth Announces Bankruptcy Emergence Plans
Chicago-based mall operator General Growth Properties, which filed for bankruptcy in April, announced that about 170 of its related entities will emerge from bankruptcy protection by the end of the year, according to Reuters.com. (Fri, 20 Nov 2009 16:39:42 GMT)

Trustee to be named in Scott Rothstein law firm's bankruptcy case
The office of the U.S. Trustee will select a trustee to oversee the bankruptcy case involving Scott Rothstein's law firm, Rothstein Rosenfeldt Adler. (Fri, 20 Nov 2009 16:42:57 GMT)

New Hampshire AG seeks bankruptcy for mortgage co.
The New Hampshire attorney general's office wants to force a mortgage company that closed suddenly into bankruptcy. (Fri, 20 Nov 2009 22:59:36 GMT)

New Hampshire AG seeks bankruptcy for mortgage co.
The New Hampshire attorney general's office wants to force a mortgage company that closed suddenly into bankruptcy. Financial Resources Management of Meredith closed abruptly Nov. 9 as did two other businesses sharing its address. (Fri, 20 Nov 2009 22:59:36 GMT)

Charter Lenders Want Judge to Block Bankruptcy Exit (Update1)
Nov. 20 (Bloomberg) -- Charter Communications Inc. ’s lenders, led by JPMorgan Chase & Co. , want to block the cable company from leaving Chapter 11 bankruptcy while they appeal approval of its turnaround plan. (Sat, 21 Nov 2009 00:41:18 GMT)

New Hampshire AG seeks bankruptcy for mortgage co.
NH AG seeks involuntary bankruptcy for mortgage company that closed suddenly this month (Sat, 21 Nov 2009 01:38:59 GMT)

Station Casinos Judge Says Bankruptcy Probe Unneeded (Update3)
Nov. 20 (Bloomberg) -- Station Casinos Inc. doesn’t need an examiner to investigate how the company is handling its bankruptcy, the judge overseeing the case said today, rejecting part of the takeover strategy pursued by Boyd Gaming Corp. (Sat, 21 Nov 2009 04:26:09 GMT)

Station Casinos Judge Says Bankruptcy Examiner Isn’t Needed
Nov. 21 (Bloomberg) -- Station Casinos Inc. doesn’t need an examiner to investigate how the company is handling its bankruptcy, the judge overseeing the case said, rejecting part of the takeover strategy pursued by Boyd Gaming Corp. (Sat, 21 Nov 2009 05:30:42 GMT)

Oil broker: Bankruptcy fault of SemGroup failure
Central Kansas Crude, one of the largest Kansas creditors caught in the SemGroup bankruptcy last year, has filed for bankruptcy. (Sat, 21 Nov 2009 06:03:35 GMT)

Advanta Ventures, Credit Card Issuer’s Unit, Files Bankruptcy
Nov. 21 (Bloomberg) -- Advanta Ventures Inc., a unit of bankrupt small business credit-card issuer Advanta Corp. , filed for Chapter 11 bankruptcy protection along with Advanta units BizEquity Corp. and Ideablob Corp. (Sat, 21 Nov 2009 06:11:46 GMT)

P&C parent company files for bankruptcy, plans to sell stores
On Wednesday, Penn Traffic, the parent company of the P&C supermarket chain, voluntarily filed for Chapter 11 bankruptcy protection and announced plans to sell its stores. (Sat, 21 Nov 2009 14:17:18 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. (Sat, 21 Nov 2009 16:23:28 GMT)

GM bankruptcy filing scales down its debt
General Motors' bankruptcy hurt its image, but at least the Chapter 11 filing helped scrape off debt. GM's total debt at the end of September was $17 billion. Ford, by comparison, said its total debt at the end of September was $26.9 billion. (Sat, 21 Nov 2009 21:22:25 GMT)

COLUMN: Commercial lender CIT's bankruptcy won't affect area business
Probably unnoticed among the flurry of bad business news of lateis the Chapter 11 bankruptcy filing of commercial lender CIT GroupInc. a week ago. (Sat, 21 Nov 2009 22:43:06 GMT)

Freedom execs defend bankruptcy plan
IRVINE, Calif. — Two executives from Irvine, California-based Freedom Communications, parent of The Free Press, this week defended the company’s bankruptcy reorganization plan — which has been criticized by a former chief executive as “wicked... (Sat, 21 Nov 2009 22:56:04 GMT)

Bankruptcy cases are lucrative for lawyers, other professionals
The lead bankruptcy attorney for Circuit City Stores Inc. charges $945 per hour, or $15.75 a minute. The restructuring firm supervising the dismantling of LandAmerica Financial Group Inc. routinely bills the bankrupt company about $1 million a month for its services, including between $60,000 and $70,000 a month for travel and lodging expenses. (Sun, 22 Nov 2009 05:16:04 GMT)

Bankruptcy cases are lucrative for lawyers, other professionals
The lead bankruptcy attorney for Circuit City Stores Inc. charges $945 per hour, or $15.75 a minute. The restructuring firm supervising the dismantling of LandAmerica Financial Group Inc. routinely bills the bankrupt company about $1 million a month for its services, including between $60,000 and $70,000 a month for travel and lodging expenses. (Sun, 22 Nov 2009 06:00:58 GMT)

Bankruptcy won't clear murderer's debt, attorneys say
Matthew Pleasant Staff Writer HOUMA — A convicted murderer from Houma will still owe the relatives of his victims money in wrongful-death judgments despite his apparent bankruptcy plans, attorneys say. (Sun, 22 Nov 2009 06:55:07 GMT)

P&C parent company files for bankruptcy, plans to sell stores
On Wednesday, Penn Traffic, the parent company of the P&C supermarket chain, voluntarily filed for Chapter 11 bankruptcy protection and announced plans to sell its stores. (Sun, 22 Nov 2009 07:32:18 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, 22 Nov 2009 16:24:33 GMT)

Floundering yacht-builder avoids bankruptcy
Beleaguered yacht-builder Ivan Erceg has avoided a bankruptcy order today through last-minute negotiations with one of his creditors. (Sun, 22 Nov 2009 23:01:04 GMT)

Bankruptcy petitions for Nov. 23
The following is a recent business bankruptcy petition filed in U.S. Bankruptcy Court: Case Number: 09-37276 LandAmerica OneStop Inc., Henrico County Assets: $10,000,001 to $50 million Liabilities: $50,000,001 to $100 million Filing: Chapter 11 (reorganization) (Mon, 23 Nov 2009 05:17:24 GMT)

Double Coffee Estonia declares bankruptcy
TALLINN - The Estonian branch of Double Coffee, one of the Baltic's most successful restaurant chains, has declared bankruptcy. (Mon, 23 Nov 2009 10:44:40 GMT)

Gary casino operator files for bankruptcy
Majestic Star Casino, owner of four U.S. casinos including two riverboats in Gary, filed for Chapter 11 bankruptcy today. (Mon, 23 Nov 2009 14:23:44 GMT)

P&C parent company files for bankruptcy, plans to sell stores
On Wednesday, Penn Traffic, the parent company of the P&C supermarket chain, voluntarily filed for Chapter 11 bankruptcy protection and announced plans to sell its stores. (Mon, 23 Nov 2009 14:32:38 GMT)

Explore all options before declaring bankruptcy
You may think bankruptcy will solve all your debt problems, but it also creates a whole new, lasting set of issues that will take a long time to recover from. (Mon, 23 Nov 2009 15:28:36 GMT)

Bankruptcy Looms For CIT
Credit default swaps on CIT Group have been widening since the end of last month as investors speculate that the troubled lender will eventually file for bankruptcy despite its efforts to avoid it. (Mon, 23 Nov 2009 15:55:04 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. (Mon, 23 Nov 2009 16:08:28 GMT)

Vegas-based Majestic Star Casino seeks bankruptcy
Las Vegas-based Majestic Star Casino LLC filed for bankruptcy protection today in Delaware after defaulting on debt obligations covering its properties in Colorado, Indiana and Mississippi. (Mon, 23 Nov 2009 16:56:38 GMT)

Sullivan & Cromwell Cleared for Entry in CIT Bankruptcy
A federal judge has approved CIT Group's motion to hire Sullivan & Cromwell as special counsel for the duration of its bankruptcy case. The brief pegs S&C as essential to CIT's existence, claiming the firm's "advice is critical to preserving the going concern value" of CIT, and that "it is imperative that [CIT ] continue to have access to Sullivan & Cromwell's expertise." (Tue, 24 Nov 2009 08:02:49 GMT)

Black Hawk casino owner files for bankruptcy.
Majestic Star Casino LLC, the owner of Fitzgeralds Casino in Black Hawk, sought bankruptcy protection Monday from creditors about three weeks after senior secured lenders called a default and demanded to be repaid $79.3 million in debt. (Tue, 24 Nov 2009 08:11:50 GMT)

Gary casinos file for bankruptcy
Majestic Star Casino LLC, the owner of two side-by-side floating casinos in Gary , has sought bankruptcy protection from creditors about three weeks after senior secured lenders called a default and demanded to be repaid $79.3 million in debt. Monday's Chapter 11 filing in U.S. Bankruptcy Court in Wilmington, Delaware, stemmed from increasing competition and the drop in consumer spending brought ... (Tue, 24 Nov 2009 10:36:53 GMT)

Gary casinos file for bankruptcy
Majestic Star Casino LLC, the owner of two side-by-side floating casinos in Gary , has sought bankruptcy protection from creditors about three weeks after senior secured lenders called a default and demanded to be repaid $79.3 million in debt. (Tue, 24 Nov 2009 13:22:38 GMT)

Bankruptcy Court Allows Decode Genetics to Continue Operations
NEW YORK (GenomeWeb News) – Decode Genetics today said that the US Bankruptcy Court for the District of Delaware has approved "first day" motions for the firm's petition for relief under Chapter 11 filed last week. (Tue, 24 Nov 2009 16:00:33 GMT)

Bi-Lo bankruptcy plan targets $350M from fund
Southern grocery chain Bi-Lo says its bankruptcy reorganization plan includes a $350 million infusion from the private equity firm that owns it. (Tue, 24 Nov 2009 16:08:51 GMT)

Majestic Star Casino files for bankruptcy
Don Barden said he's planning no layoffs at his two Majestic Star Casinos in Gary following his company's filing Monday for Chapter 11 bankruptcy protection. Majestic Star Casino LLC claims in a petition filed in U.S. Bankruptcy Court in Delaware to owe Gary $7.45 million, naming the city as its 10th largest creditor. The filing also arrives while state lawmakers are considering a move to land ... (Tue, 24 Nov 2009 16:15:48 GMT)

Bi-Lo bankruptcy plan targets $350M from fund
Associated Press - November 24, 2009 11:25 AM ET GREENVILLE, S.C. (AP) - Southern grocery chain Bi-Lo says its bankruptcy reorganization plan includes a $350 million infusion from the private... (Tue, 24 Nov 2009 16:34:28 GMT)

Newfoundland Refining Wins Judge’s Approval to Exit Bankruptcy
Nov. 24 (Bloomberg) -- Newfoundland and Labrador Refining Corp., the Canadian company planning to build a C$4 billion ($3.8 billion) oil refinery on the country’s east coast, won a judge’s approval to exit bankruptcy and find a buyer or a partner for the project within two years. (Tue, 24 Nov 2009 16:43:54 GMT)

Gary Casinos File for Bankruptcy
Don Barden said he's planning no layoffs at his two Majestic Star Casinos in Gary following his company's filing Monday for Chapter 11 bankruptcy protection. (Tue, 24 Nov 2009 16:55:56 GMT)

Majestic Star Casino files for bankruptcy
Don Barden said he's planning no layoffs at his two Majestic Star Casinos in Gary following his company's filing Monday for Chapter 11 bankruptcy protection. Majestic Star Casino LLC claims in a petition filed in U.S. Bankruptcy Court in Delaware to owe Gary $7.45 million, naming the city as its 10th largest creditor. The filing also arrives while state lawmakers are considering a move to land ... (Wed, 25 Nov 2009 01:25:06 GMT)

Japan Real Estate Shares Fall After Anabuki Bankruptcy
Nov. 25 (Bloomberg) -- Japanese real estate shares fell to a six-month low in Tokyo trading after Anabuki Construction Inc. filed for bankruptcy with 140 billion yen ($1.58 billion) in debt. (Wed, 25 Nov 2009 02:11:21 GMT)

Tribune Co. control of bankruptcy challenged
A large group of prominent investment funds sought to wrest control of the Tribune Co. bankruptcy case Tuesday in a move that threatens to intensify an already pitched battle between senior and junior creditors. (Wed, 25 Nov 2009 04:53:09 GMT)

More going from the hospital room to bankruptcy court
NASHVILLE — Some of the debtors sitting forlornly in this city's old stone bankruptcy court have lost a job or gotten divorced. Others have been summoned to face their creditors because they spent mindlessly beyond their means. But all too often these days, they are there merely because they, or their children, got sick. (Wed, 25 Nov 2009 06:13:18 GMT)

Tribune Co. control of bankruptcy challenged
A large group of prominent investment funds sought to wrest control of the Tribune Co. bankruptcy case Tuesday in a move that threatens to intensify an already pitched battle between senior and junior creditors. In a filing with the U.S. Bankruptcy Court in Delaware, the group asked Judge Kevin Carey to deny a request by Tribune Co. management to extend its exclusive right to file a ... (Wed, 25 Nov 2009 08:07:03 GMT)

Asarco bankruptcy deal will aid Denver cleanup
A century-old smelter site in north Denver will get millions of dollars in environmental cleanup funds from the resolution of a bankruptcy case with Asarco Inc. (Wed, 25 Nov 2009 08:09:31 GMT)

Japan Property Shares Fall After Anabuki Bankruptcy (Update4)
Nov. 25 (Bloomberg) -- Japan property shares fell to a six-month low after developer Anabuki Construction Inc. filed for bankruptcy with 140 billion yen ($1.58 billion) in debt, the nation’s fifth-largest corporate failure this year. (Wed, 25 Nov 2009 09:26:25 GMT)

Medical fees surprise patients, bankruptcy plagues others
High medical fees often catch patients off-guard while many plagued by medical debt file for bankruptcy. (Wed, 25 Nov 2009 14:25:13 GMT)

BlueHippo files for bankruptcy
Company blames its bank; was accused of violating settlement with FTC BlueHippo Funding, the Woodlawn electronic sales company recently accused of violating its settlement with the Federal Trade Commission, has filed for bankruptcy court protection. (Wed, 25 Nov 2009 15:50:52 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. (Wed, 25 Nov 2009 16:54:56 GMT)

More bankruptcy cases filed in federal courts
Bankruptcy filings in federal courts jumped by more than one-third this year, as businesses and individuals struggled to regain their footing in a weakened economy. (Wed, 25 Nov 2009 17:21:16 GMT)

More bankruptcy cases filed in federal courts
Bankruptcy filings in federal courts jumped by more than one-third this year, as businesses and individuals struggled to regain their footing in a weakened economy. New numbers from the Administrative Office of the U.S. Courts show about 1.4 million... Bankruptcy - United States federal courts - Law - United States - Services (Wed, 25 Nov 2009 17:56:00 GMT)

More bankruptcy cases filed in federal courts
More people, businesses file for bankruptcy; cases up by almost one-third in federal courts (Wed, 25 Nov 2009 22:37:03 GMT)

Small Firm Takes Big Bankruptcy Fight to High Court
For a number of lawyers across the country, a 2005 federal law requiring them to advertise as a debt relief agency -- regardless of whether they offer sporadic or regular bankruptcy advice to clients -- irritates like a pair of ill-fitting shoes. Milavetz, Gallop & Milavetz, a 10-lawyer Minnesota firm, has waged a four-year battle against the law's provisions, which they argue pose ethical ... (Thu, 26 Nov 2009 02:28:42 GMT)

Bi-Lo bankruptcy plan targets $350M from fund
GREENVILLE, S.C. (AP) — Southern grocery chain Bi-Lo says its bankruptcy reorganization plan includes a $350 million infusion from the private equity firm that owns it. (Thu, 26 Nov 2009 07:00:06 GMT)

Judge: Lawyer wrongly submitted bankruptcy documents
A White Plains lawyer wrongly submitted bankruptcy documents without the signature of his client, a federal bankruptcy judge ruled Wednesday. (Thu, 26 Nov 2009 07:37:51 GMT)

Bankruptcy filings in US at highest level since 2005
There has been a spike in bankruptcy filings for both consumers and businesses in the US, reflecting the continuing effects of today's weak economy. (Thu, 26 Nov 2009 08:09:41 GMT)

NewsWatch: BlueHippo files for Chapter 11 bankruptcy
Baltimore computer finance company BlueHippo Funding has filed for Chapter 11 bankruptcy protection. The company's payment processor's bank, First Region's Bank, froze BlueHippo's funds as a result of a recent complaint by the Federal Trade Commission, according to BlueHippo information. (Thu, 26 Nov 2009 10:36:52 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. (Thu, 26 Nov 2009 14:10:00 GMT)

P&C parent company files for bankruptcy, plans to sell stores
On Wednesday, Penn Traffic, the parent company of the P&C supermarket chain, voluntarily filed for Chapter 11 bankruptcy protection and announced plans to sell its stores. (Thu, 26 Nov 2009 14:29:07 GMT)

Judge: Lawyer wrongly submitted bankruptcy documents
A White Plains lawyer wrongly submitted bankruptcy documents without the signature of his client, a federal bankruptcy judge ruled Wednesday. (Thu, 26 Nov 2009 23:36:31 GMT)

Bankruptcy filings surge
Bankruptcy filings in federal courts have jumped by more than one-third as businesses and individuals struggled to regain their footing in a weakened economy. (Fri, 27 Nov 2009 03:38:13 GMT)

Bookstore chain Borders UK files for a form of bankruptcy
LONDON: British bookstore chain Borders U.K. has filed for a form of bankruptcy protection and is now looking for buyers for its stores, the administrators appointed to run the company said Thursday. ... (Fri, 27 Nov 2009 03:48:29 GMT)

The business of bankruptcy can be big
The lead bankruptcy attorney for defunct electronics retailer Circuit City Stores Inc. charges $945 per hour, or $15.75 a minute. (Fri, 27 Nov 2009 05:00:00 GMT)

Casino company files for bankruptcy
WILMINGTON, Del., Nov. 27 (UPI) -- A company operating casinos in Colorado, Indiana and Mississippi filed for Chapter 11 bankruptcy this week, court records indicate. (Fri, 27 Nov 2009 05:18:29 GMT)

Fontainebleau retail component seeks bankruptcy protection
The retail portion of the idled Fontainebleau Las Vegas casino resort filed for bankruptcy protection Wednesday -- introducing a new set of creditors and controversies to the massive case. (Fri, 27 Nov 2009 10:13:09 GMT)

Bankruptcy filings of all types jump 34.5%
Bankruptcy filings jumped by more than a third this year. New numbers from the Administrative Office of the U.S. Courts show that about 1.4 million bankruptcy cases were filed in the 2009 fiscal year. That's up 34.5 percent from the more than 1 million cases filed in 2008. The fiscal years run from Oct. 1 to Sept. 30. (Fri, 27 Nov 2009 10:18:15 GMT)

FairPoint hires 2 ad firms in bankruptcy
FairPoint Communications, struggling to emerge from bankruptcy, has hired two Maine firms to beef up marketing and communications. (Fri, 27 Nov 2009 13:11:59 GMT)

P&C parent company files for bankruptcy, plans to sell stores
On Wednesday, Penn Traffic, the parent company of the P&C supermarket chain, voluntarily filed for Chapter 11 bankruptcy protection and announced plans to sell its stores. (Fri, 27 Nov 2009 13:29:07 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. (Fri, 27 Nov 2009 15:08:58 GMT)

Retailers join Fontainebleau Las Vegas bankruptcy
Attorneys say three retail subsidiaries at the idled Fontainebleau Las Vegas casino resort have joined a Chapter 11 bankruptcy filing by the Las Vegas Strip resort. Lawyers say the Wednesday filing combining the retail cases with the three existing bankruptcy... Las Vegas Strip - Casino - Chapter 11 Title 11 United States Code - United States - Nevada (Fri, 27 Nov 2009 19:09:49 GMT)

Retailers join Fontainebleau Las Vegas bankruptcy
Associated Press - November 27, 2009 2:04 PM ET LAS VEGAS (AP) - Attorneys say three retail subsidiaries at the idled Fontainebleau Las Vegas casino resort have joined a Chapter 11 bankruptcy... (Fri, 27 Nov 2009 19:12:03 GMT)

Fontainebleau Retailers File For Bankruptcy
Attorneys say three retail subsidiaries of the idled Fontainebleau Las Vegas casino resort have filed for Chapter 11 bankruptcy reorganization. (Fri, 27 Nov 2009 19:14:44 GMT)

Retailers join Fontainebleau Las Vegas bankruptcy
LAS VEGAS -- Attorneys say three retail subsidiaries at the idled Fontainebleau Las Vegas casino resort have joined a Chapter 11 bankruptcy filing by the Las Vegas Strip resort.Lawyers say the Wednes... (Fri, 27 Nov 2009 21:37:05 GMT)

More Bankruptcy Cases Filed in Federal Courts
WASHINGTON (AP) - Bankruptcy filings in federal courts jumped by more than one-third this year, as businesses and individuals struggled to regain thei.... (Sat, 28 Nov 2009 06:11:17 GMT)

Liberty Place owner in bankruptcy
The partnership owning most of Liberty Place has filed for bankruptcy reorganization, after a bank filed a $6.7 million judgment against it.Liberty Property Holdings, led by prominent developer Ed P. Drogaris, filed its voluntary petition Nov. 16, bankruptcy court records show.Liberty Place is the f... (Sat, 28 Nov 2009 13:24:31 GMT)

P&C parent company files for bankruptcy, plans to sell stores
On Wednesday, Penn Traffic, the parent company of the P&C supermarket chain, voluntarily filed for Chapter 11 bankruptcy protection and announced plans to sell its stores. (Sat, 28 Nov 2009 14:27:48 GMT)

Md. Firm Works With Lenders To Avoid Bankruptcy
A Montgomery County investment firm trying to avoid bankruptcy says it's close to an agreement with lenders. (Sat, 28 Nov 2009 21:30:07 GMT)

Md. firm works with lenders to avoid bankruptcy
WASHINGTON — A Montgomery County investment firm trying to avoid bankruptcy says it's close to an agreement with lenders. American Capital said in a regulatory filing Friday that it has reached agreements with lenders on 95 percent of its loans. (Sat, 28 Nov 2009 21:39:09 GMT)

P&C parent company files for bankruptcy, plans to sell stores
On Wednesday, Penn Traffic, the parent company of the P&C supermarket chain, voluntarily filed for Chapter 11 bankruptcy protection and announced plans to sell its stores. (Sun, 29 Nov 2009 00:27:46 GMT)

Bankruptcy Filings Surge
Bankruptcy filings in federal courts have jumped by more than one-third as businesses and individuals struggled to regain their footing in a weakened economy. (Sun, 29 Nov 2009 05:53:20 GMT)

Central Columbia plan enforceable, safe despite General Growth bankruptcy, council told
Members voice satisfaction after 1st work session The plan to remake central Columbia is both enforceable and safe despite developer General Growth Properties' bankruptcy woes, the Howard County Council heard during its first work session on two proposed bills Monday evening. (Sun, 29 Nov 2009 08:52:00 GMT)

Amelia Island Plantation owner files for bankruptcy
By MARK BASCH JACKSONVILLE, Fla. — The owner of the Amelia Island Plantation has filed a Chapter 11 bankruptcy petition, but the well-known Nassau County, Fla., resort continues to operate normally as a group of wealthy homeowners work on a plan to invest additional millions in the property. (Sun, 29 Nov 2009 12:25:07 GMT)

Bankruptcy petitions for Nov. 30
The following are recent business bankruptcy petitions filed in U.S. Bankruptcy Court: Case Number: 09-37626 American Medical Physics LLC, Richmond Assets: $45,000 Liabilities: $260,212 Filing: Chapter 11 (reorganization) Case Number: 09-37632 Tiny Hands Day Care Inc., Chesterfield County Trading as: Tiny Hands Preparatory Academy Inc. Assets: $1,000,001 to $10 million Liabilities: $1,000,001 to ... (Mon, 30 Nov 2009 05:05:02 GMT)

Greektown bankruptcy fees add up
Firms have billed Greektown Casino-Hotel more than $40 million over the past 18 months for fees related to the casino's bankruptcy case. (Mon, 30 Nov 2009 06:16:45 GMT)

Small Firm Takes Big Bankruptcy Fight to High Court
For a number of lawyers across the country, a 2005 federal law requiring them to advertise as a debt relief agency -- regardless of whether they offer sporadic or regular bankruptcy advice to clients -- irritates like a pair of ill-fitting shoes. (Mon, 30 Nov 2009 08:01:50 GMT)

Lender Hartford challenges Diamond Oaks’ $32 million bankruptcy
SANTA ROSA – A financier of properties involved in the $32 million U.S. Bankruptcy Court reorganization of four companies connected to real estate developer-turned-vintner Dinesh Maniar claims the properties were improperly transferred into a "shell corporation" declared defunct just before a foreclosure sale. (Mon, 30 Nov 2009 12:33:05 GMT)

Nortel, Thornburg, Lehman, Nortek, Madoff: Bankruptcy (Update1)
Nov. 30 (Bloomberg) -- MatlinPatterson Global Advisers LLC, a bondholder of Nortel Networks Corp. , said in a court filing that the $769 million bid from Ciena Corp . may not have been the best offer for the optical-networking business of North America’s largest communications equipment provider. (Mon, 30 Nov 2009 14:25:38 GMT)

P&C parent company files for bankruptcy, plans to sell stores
On Wednesday, Penn Traffic, the parent company of the P&C supermarket chain, voluntarily filed for Chapter 11 bankruptcy protection and announced plans to sell its stores. (Mon, 30 Nov 2009 14:42:16 GMT)

Michigan auto supplier sheds pensions in bankruptcy
Washington -- The government's pension insurer said Monday it will assume responsibility for the underfunded pension plan of a bankrupt Northville auto supplier -- at least the fifth supplier to abandon its pension obligations this year. (Mon, 30 Nov 2009 16:19:23 GMT)

Charter Emerges From Bankruptcy
Charter Communications , the nation’s fourth-largest cable operator, said Monday that it has emerged from Chapter 11 bankruptcy. (Mon, 30 Nov 2009 20:56:16 GMT)

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