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Home > Bankruptcy News

Bankruptcy News Jan 2010

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Oregon City paper mill files for bankruptcy protection
The company, owned in part by its 216 employees, will reorganize under Chapter 11 of the federal bankruptcy code, according to a statement from the company's president and chief executive officer, Mike Siebers. (Fri, 01 Jan 2010 01:40:19 GMT)

YRC trucking swaps debt for equity, averts bankruptcy
YRC Worldwide Inc., one of the nation's largest trucking companies, said Thursday that it had cleared a critical hurdle in its effort to avoid filing for bankruptcy protection by completing a debt-for-equity exchange with its bondholders. (Fri, 01 Jan 2010 06:52:05 GMT)

Brown's Chicken files for Chapter 11 bankruptcy
Chicken producer Pilgrim's Pride Corp. said Monday that it has emerged from bankruptcy protection and will soon be part of the world's largest meat producer. The company filed for Chapter 11 bankrupt... (Fri, 01 Jan 2010 08:36:44 GMT)

10 ways to dodge bankruptcy in 2010
Try one or more of these strategies to lower your debt, live frugally and skirt bankruptcy. (Fri, 01 Jan 2010 11:00:00 GMT)

Marina developer files for bankruptcy protection
An entity that owns land off Old Hickory Lake in Gallatin that it planned for a marina has filed for bankruptcy protection in a move that a spokesman said was aimed at preventing foreclosure. (Fri, 01 Jan 2010 12:34:31 GMT)

Goldman Sachs Helps YRC Avert Bankruptcy Following Hoffa’s Plea
Jan. 1 (Bloomberg) -- Goldman Sachs Group Inc. helped YRC Worldwide Inc. complete a debt swap to avert bankruptcy after the Teamsters union said the bank was trying to profit from a failure of the largest U.S. trucker by sales. (Fri, 01 Jan 2010 16:36:26 GMT)

Group Files Bankruptcy Over Marina Land
The group that owns land slated for a marina development in Gallatin has filed for bankruptcy. (Fri, 01 Jan 2010 17:06:52 GMT)

Ga. Bankruptcy Rate 3rd-highest In Nation
Georgia has the third-highest bankruptcy rate in the nation. (Sat, 02 Jan 2010 16:26:34 GMT)

Goldman Sachs Helps YRC Avert Bankruptcy Following Hoffa’s Plea
Goldman Sachs Group Inc. helped YRC Worldwide Inc. complete a debt swap to avert bankruptcy after the Teamsters union said the bank was trying to profit from a failure of the largest U.S. trucker by sales. (Sat, 02 Jan 2010 22:46:57 GMT)

JAL against bankruptcy, favors Delta offer: report
TOKYO (Reuters) - The president of Japan Airlines Corp <9205.T> said he is against a bankruptcy proceeding under a state restructuring plan and has no plans to completely withdraw the carrier from overseas flights, the Asahi Shimbun daily reported. (Sun, 03 Jan 2010 03:44:52 GMT)

JAL against bankruptcy, favours Delta offer
TOKYO, Jan 3 — The president of Japan Airlines Corp said he is against a bankruptcy proceeding under a state restructuring plan and has no plans to completely withdraw the carrier from overseas flights, the Asahi Shimbun daily reported. In an interview conducted on Friday and published today, the Asahi also said JAL President Haruka Nishimatsu preferred Delta Air Lines as the carrier’s overseas ... (Sun, 03 Jan 2010 04:01:23 GMT)

JAL against bankruptcy
TOKYO - THE president of Japan Airlines Corp said he is against a bankruptcy proceeding under a state restructuring plan and has no plans to completely withdraw the carrier from overseas flights, the Asahi Shimbun daily reported. In an interview conducted on Friday and published on Sunday, the Asahi also said JAL President Haruka Nishimatsu preferred Delta Air Lines as the carrier's overseas ... (Sun, 03 Jan 2010 06:31:16 GMT)

JAL against bankruptcy, favors Delta offer: report
The president of Japan Airlines Corp (9205.T) said he is against a bankruptcy proceeding under a state restructuring plan and has no plans to completely withdraw the carrier from overseas flights, the Asahi Shimbun reported. (Sun, 03 Jan 2010 08:46:37 GMT)

Ruling coming on SIST bankruptcy
A ruling deciding the fate of the federal bankruptcy petition filed in a Delaware court last year by the Samanta Roy Institute of Science and Technology, Inc. could come at any time, according to sources familiar with the case. (Sun, 03 Jan 2010 11:15:43 GMT)

Local bankruptcy rise is double U.S. rate
The number of bankruptcy filings in Southern California rose at more than double the rate of the rest of the nation in the first nine months of 2009. (Sun, 03 Jan 2010 14:08:51 GMT)

Campbell's rep denies bankruptcy rumours
A representative for Naomi Campbell has dismissed rumours the supermodel is set to file for bankruptcy, calling the reports "completely untrue." (Sun, 03 Jan 2010 14:34:38 GMT)

Naomi Campbell - Campbells Rep Denies Bankruptcy Rumours
A representative for NAOMI CAMPBELL has dismissed rumours the supermodel is set to file for bankruptcy, calling the reports "completely untrue."The catwalk beauty, who... (Sun, 03 Jan 2010 14:36:18 GMT)

Campbell's rep denies bankruptcy rumors
A representative for Naomi Campbell has dismissed rumors the supermodel is set to file for bankruptcy, calling the reports "completely untrue." (Sun, 03 Jan 2010 15:11:56 GMT)

Bankruptcy isn't normally grounds for firing
I'm afraid to tell my employer I just filed for bankruptcy. He's had several employees who've walked out the back door with company property in their backpacks. (Mon, 04 Jan 2010 03:00:15 GMT)

Suits filed over Aurora's use of medical data in bankruptcy cases
Several Aurora patients in bankruptcy have filed class-action lawsuits against Aurora. The suits claim Aurora violated Wisconsin's privacy law by filing claims against debtors that include patients' specific medical information. (Mon, 04 Jan 2010 06:01:53 GMT)

Tokyo aid eases JAL bankruptcy fears
JAPAN Airlines shares skyrocketed today after the Japanese government agreed to expand a financial lifeline to the troubled carrier, easing fears that it might file for bankruptcy. (Mon, 04 Jan 2010 06:35:35 GMT)

Ruling coming on SIST bankruptcy
A ruling deciding the fate of the federal bankruptcy petition filed in a Delaware court last year by the Samanta Roy Institute of Science and Technology, Inc. could come at any time, according to sources familiar with the case. (Mon, 04 Jan 2010 11:30:43 GMT)

Idearc exits bankruptcy, renames itself SuperMedia
*Idearc exited bankruptcy protection on Dec. 31 (Mon, 04 Jan 2010 15:36:46 GMT)

Over 2,000 Acres of Oklahoma Oil and Gas Leases Set for Bankruptcy Auction on February 5th
National Commercial Auctioneers, LLC, , is selling at a bankruptcy auction multiple oil and gas leases covering over 2,000 acres located in Creek, Wagoner, Tulsa, Muskogee, and Okmulgee Counties in Oklahoma, according to Stephen Karbelk, CAI, AARE, President of NCA and court-appointed auctioneer. (Mon, 04 Jan 2010 16:22:00 GMT)

HD Retail Solutions cancels Greenwind deal, files for bankruptcy protection
MISSISSAUGA, Ont. - HD Retail Solutions Inc. says it has cancelled a merger deal with Greenwind Power Corp. after filing for bankruptcy protection and ceasing its operations. (Mon, 04 Jan 2010 16:43:23 GMT)

Campbell's rep denies bankruptcy rumours
A representative for Naomi Campbell has dismissed rumours the supermodel is set to file for bankruptcy, calling the reports "completely untrue." (Mon, 04 Jan 2010 16:50:35 GMT)

HD Retail Solutions cancels Greenwind deal, files for bankruptcy protection
MISSISSAUGA, Ont. - HD Retail Solutions Inc. says it has cancelled a merger deal with Greenwind Power Corp. after filing for bankruptcy protection (Mon, 04 Jan 2010 16:53:35 GMT)

Building Materials exits bankruptcy with new name
Building Materials Holding Corp said on Monday that it has exited U.S. bankruptcy protection as secured lenders have converted their debt into equity ownership of the company. (Tue, 05 Jan 2010 00:30:17 GMT)

Bankruptcy filings in 2009 at 7th-highest level
U.S. consumers and businesses are filing for bankruptcy at a pace that made 2009 the seventh-worst year on record, with more than 1.4 million petitions submitted, an Associated Press tally showed Monday. The AP gathered data from the nation's 90 bankruptcy... Bankruptcy - United States - Associated Press - Law - Services (Tue, 05 Jan 2010 08:40:38 GMT)

Mesa Air files for Ch. 11 bankruptcy protection
Mesa Air Group Inc., whose operations include flying regional routes for major airlines like Delta, United and US Airways, has filed for Chapter 11 bankruptcy protection, hoping to shed financial obligations for leases on airplanes it no longer needs. Mesa,... Chapter 11 Title 11 United States Code - Business - Mesa Air Group - Law - United States (Tue, 05 Jan 2010 12:10:41 GMT)

Mesa Air Files For Bankruptcy
Mesa Air Files For Bankruptcy (Tue, 05 Jan 2010 13:30:08 GMT)

Mesa Air files for bankruptcy protection
Mesa Air Group Inc., whose operations include flying regional routes for major airlines like Delta, United and US Airways, has filed for Chapter 11 bankruptcy protection, hoping to shed financial obligations for leases on airplanes it no longer needs. (Tue, 05 Jan 2010 13:39:01 GMT)

Mesa Air files for bankruptcy protection
Mesa Air Group announced today it is voluntarily entering Chapter 11 bankruptcy protection. Its operations include flying regional routes for ... (Tue, 05 Jan 2010 13:58:00 GMT)

Mesa Air in bankruptcy as passenger demand plunges
Mesa Air Group Inc. files for Chapter 11 bankruptcy in order to eliminate excess aircraft and reach a faster a resolution in its lawsuit against Delta Air Lines. (Tue, 05 Jan 2010 14:25:29 GMT)

Personal Bankruptcy Soared in 2009
Personal bankruptcy filings are up 32% in 2009 (Tue, 05 Jan 2010 15:30:35 GMT)

Mesa Air files for Chapter 11 bankruptcy protection
PHOENIX -- Mesa Air Group Inc., whose operations include flying regional routes for major airlines such as Delta, United and US Airways, has filed for Chapter 11 bankruptcy protection, hoping to shed financial obligations for leases on airplanes it no longer needs. Mesa, which currently flies 130 aircraft, said the filing will allow it to reorganize its operations and allow it to get rid of its ... (Tue, 05 Jan 2010 16:08:39 GMT)

Mesa Air Files for Chapter 11 Bankruptcy Protection (Update4)
Mesa Air Group Inc., the Arizona carrier that says it leased more planes than it needs, filed for bankruptcy protection today in New York and will continue operating throughout its restructuring. (Tue, 05 Jan 2010 16:32:00 GMT)

Mesa Air files for Ch. 11 bankruptcy protection
In May, Mesa Air Group Inc. warned it would file for bankruptcy if Delta Air Lines Inc. succeeded in canceling a flying contract with the regional carrier that operates flights for major airlines. More than seven months later, despite blocking the move in court, Mesa filed for Chapter 11 anyway on Tuesday, hoping to shed planes it no longer needs. (Tue, 05 Jan 2010 18:05:41 GMT)

Mesa Air Group Files for Bankruptcy
The struggling regional airline operator Mesa Air Group said Tuesday that it had filed for bankruptcy protection in a Manhattan court in a bid to cut its oversize fleet. (Tue, 05 Jan 2010 19:11:07 GMT)

JAL shares fall on report DBJ, MOF seek bankruptcy
Shares of Japan Airlines (9205.T) fell more than 4 percent on Wednesday after the Nikkei business daily reported the Development Bank of Japan (DBJ) and the Ministry of Finance are seeking court-led bankruptcy proceedings. (Wed, 06 Jan 2010 02:50:06 GMT)

Japan Air Falls on Report Creditor Favors Bankruptcy (Update2)
Japan Airlines Corp. fell the most in a week in Tokyo trading after the Nikkei newspaper reported its main creditor favors a bankruptcy filing to aid the carrier’s restructuring plans. (Wed, 06 Jan 2010 08:50:03 GMT)

JAL shares fall on report govt agencies eye bankruptcy
TOKYO (Reuters) - Shares of Japan Airlines <9205.T> fell nearly 7 percent on Wednesday after a newspaper said the carrier's main creditor and the finance ministry support bankruptcy as a way to restructure the heavily indebted airline. (Wed, 06 Jan 2010 10:55:57 GMT)

JAL Falls on Report That Agencies Eye Bankruptcy
Shares of Japan Airlines fell nearly 7 percent on Wednesday after a newspaper said the carrier’s main creditor and the finance ministry support bankruptcy as a way to restructure the heavily indebted airline. (Wed, 06 Jan 2010 11:26:15 GMT)

JAL shares fall on report govt agencies eye bankruptcy 
Shares of Japan Airlines fell nearly 7 percent on Wednesday after a newspaper said the carrier's main creditor and the finance ministry supported bankruptcy as a way to restructure the heavily indebted airline. (Wed, 06 Jan 2010 12:25:00 GMT)

American Airlines says it would invest in JAL even in bankruptcy
While Japan Airlines continues to oppose bankruptcy as a means to restructure the airline, American Airlines makes it known it'll invest in JAL ... (Wed, 06 Jan 2010 15:13:00 GMT)

Opus NW lays off workers but says bankruptcy not in its future
FRONT PORCH BLOG: While other Opus divisions filed bankruptcy, Opus NW's CEO tells a trade journal his division won't have to file bankruptcy (Wed, 06 Jan 2010 16:59:16 GMT)

Bankruptcy filings rose 56% last year in Utah
The number of individuals and businesses filing for bankruptcy in Utah jumped 56 percent in 2009 — the fifth-biggest... (Thu, 07 Jan 2010 08:30:37 GMT)

JAL shares drop on renewed bankruptcy fears
Japan Airlines (JAL) shares plunged again Thursday as fears mounted that the debt-ridden carrier will file for bankruptcy, despite reports it is set to get an injection of public funds. (Thu, 07 Jan 2010 11:08:00 GMT)

Mesa Air Hopes To Emerge From Bankruptcy Quickly
Phoenix-based Mesa Air filed for bankruptcy earlier this week, after months of financial turmoil at the regional carrier. When the airline began almost three decades ago, it was it was one of the first to operate regional jets in the country. CEO Jonathan Ornstein is optimistic the company will emerge from bankruptcy quickly. (Thu, 07 Jan 2010 11:29:36 GMT)

Bankruptcy agency relocates
The federal agency that ensures the smooth operation of the bankruptcy process is moving its Buffalo office to Olympic Towers, brokerage firm CB Richard Ellis said Tuesday. (Thu, 07 Jan 2010 11:57:16 GMT)

Nevada surpasses Tennessee as highest per capita bankruptcy state
The average resident of the Silver State was eight times more likely to file for bankruptcy than the average Alaskan, 2009 bankruptcy data show.How does your state rank? (Thu, 07 Jan 2010 15:23:41 GMT)

Troubled Palm Beach Princess back in bankruptcy court today
Troubled Palm Beach Princess back in bankruptcy court today (Thu, 07 Jan 2010 15:27:02 GMT)

Six Flags Launches $830 Million Bankruptcy Exit Financing-Source
NEW YORK -(Dow Jones)- JPMorgan Chase & Co., Bank Of America Merrill Lynch, Barclays Capital and Deutsche Bank have launched $830 million of new loans supporting New York-based Six Flags Theme Parks' exit from bankruptcy, according to one person familiar with the situation. (Thu, 07 Jan 2010 15:32:39 GMT)

Bankruptcy filings up by 27 percent in W.Va.
Associated Press - January 7, 2010 10:55 AM ET WHEELING, W.Va. (AP) - Bankruptcy filings in West Virginia rose by 27 percent in 2009 and the northern half of the state fared worse than the... (Thu, 07 Jan 2010 16:08:29 GMT)

FirstFed Financial files for bankruptcy (Business Times
BANGALORE: FirstFed Financial Corp filed for Chapter 11 protection in a California bankruptcy court less than a month after its banking unit was shut down by federal regulators. The company listed assets of US$4.8 million (US$1 = RM3.37) and liabilities of US$159.7 million in court papers filed yesterday. OneWest Bank, formerly failed mortgage lender IndyMac, bought 39 branches of FirstFed's ... (Thu, 07 Jan 2010 16:52:51 GMT)

Six Flags says could exit bankruptcy in March
U.S. theme park operator Six Flags Inc could emerge from bankruptcy as soon as March under an $830 million financing deal it is arranging with lenders, the company said in a regulatory filing on Thursday. (Thu, 07 Jan 2010 18:12:37 GMT)

Bankruptcy fears hit Japan Airlines as government mulls aid
Growing concerns that Japan Airlines Corp (9205.T) will file for bankruptcy as part of a state bailout sent shares in the ailing carrier tumbling a further 10 percent on Friday amid uncertain signals from the government. (Fri, 08 Jan 2010 03:50:03 GMT)

JAL shares drop as bankruptcy looms larger
Share prices in Japan Airlines (JAL) took another dive on Friday following news reports that the government is finalising a bankruptcy option for the debt-ridden carrier. (Fri, 08 Jan 2010 06:37:18 GMT)

Japan Air Falls as Kan Fails to Rule Out Bankruptcy (Update3)
Japan Airlines Corp., Asia’s biggest carrier by sales, fell for a third day as Finance Minister Naoto Kan declined to rule out a court-led bankruptcy. (Fri, 08 Jan 2010 11:12:59 GMT)

Bankruptcy fears hit Japan Air as government mulls aid
Shares in Japan Airlines Corp (9205.T) tumbled on Friday as media reports and comments from government officials heightened fears Asia's biggest carrier by revenue will file for bankruptcy as part of a state bailout. (Fri, 08 Jan 2010 12:23:19 GMT)

JAL shares dive over bankruptcy plan
SHARE prices in Japan Airlines dived for the third day in a row yesterday following news reports that the Japanese Government is finalising a bankruptcy option for the debt-ridden carrier. (Fri, 08 Jan 2010 13:22:46 GMT)

Bankruptcy fears hit JAL
Share prices in Japan Airlines (JAL) take another dive following reports that Government finalising bankruptcy option for debt-ridden carrier. (Fri, 08 Jan 2010 13:30:57 GMT)

JAL shares drop as bankruptcy looms larger
Japan Airlines (JAL) took another dive on the Tokyo stock market Friday following news reports that the government is finalising a bankruptcy option for the debt-ridden carrier. (Fri, 08 Jan 2010 16:28:58 GMT)

Canwest newspaper unit seeks bankruptcy protection
Canwest Global Communications is putting its newspaper operations and related online operations under bankruptcy protection. (Fri, 08 Jan 2010 16:36:16 GMT)

Canada's beleaguered media giant Canwest puts newspaper division under bankruptcy protection
TORONTO - Canada's insolvent media giant Canwest Global Communications has put its entire newspaper division under bankruptcy protection. The company said Friday that it filed for creditor protection in an agreement with its lenders to help accelerate the company's ongoing restructuring. (Fri, 08 Jan 2010 16:45:19 GMT)

Japan Airlines Closes In on Potential Bankruptcy
Japan Airlines , a once-proud flagship carrier now crippled by $16 billion in liabilities, may soon file for bankruptcy protection as part of a state-led turnaround in one of the largest corporate failures in the Japanese history, The New York Times’s Hiroko Tabuchi reports from Tokyo. (Fri, 08 Jan 2010 17:56:06 GMT)

Finance Ministry, Bank Said to Favor JAL Bankruptcy (Update1)
Jan. 9 (Bloomberg) -- The Japanese Ministry of Finance and the state-owned Development Bank of Japan support bankruptcy for Japan Airlines Corp. , two people familiar with the matter said. (Sat, 09 Jan 2010 03:15:46 GMT)

JAL's main banks to agree to bankruptcy plan: sources
The main creditor banks of Japan Airlines (9205.T) are in the final stages of deciding to accept a plan to put the carrier through bankruptcy as part of a state-led restructuring, three sources familiar with the matter said. (Sat, 09 Jan 2010 05:43:56 GMT)

JAL lenders to cave in to bankruptcy plan-sources
The main lenders to Japan Airlines plan to accept a restructuring package that would require the carrier to file for bankruptcy, sources said, increasing the likelihood of a state bailout this month. (Sat, 09 Jan 2010 07:05:49 GMT)

JAL set to file for bankruptcy on January 19: reports
Japan Airlines (JAL) is set to file for bankruptcy on January 19, the first step in a court-led rehabilitation process for the debt-ridden Japanese carrier, news reports said Saturday. (Sat, 09 Jan 2010 08:08:05 GMT)

Japan Air’s Largest Banks Said to Agree to Bankruptcy (Update1)
Jan. 9 (Bloomberg) -- Japan Airlines Corp. ’s largest banks are set to agree to a bankruptcy of Asia’s largest carrier, said four sources familiar with the matter. (Sat, 09 Jan 2010 10:45:28 GMT)

Reports: JAL could file for bankruptcy on Jan. 19
Struggling Japan Airlines Corp. could file for bankruptcy as early as Jan. 19 under a government-backed restructuring plan which includes 13,000 job cuts, reports said Saturday. (Sat, 09 Jan 2010 12:17:58 GMT)

Reports: JAL could file for bankruptcy on Jan. 19
Struggling Japan Airlines Corp. could file for bankruptcy as early as Jan. 19 under a government-backed restructuring plan which includes 13,000 job cuts, reports said Saturday. Saddled with massive losses, Asia's biggest airline is seeking a state bailout.... Japan Airlines - Airline - Bankruptcy - Asia - Law (Sat, 09 Jan 2010 12:39:49 GMT)

JAL could file for bankruptcy on Jan. 19, cut 13,000 jobs
TOKYO - Struggling Japan Airlines Corp. could file for bankruptcy as early as Jan. 19 under a government-backed restructuring plan which includes 13,000 job cuts, reports said Saturday. Saddled with... (Sat, 09 Jan 2010 13:27:19 GMT)

JAL could file for bankruptcy on Jan. 19
Japan Airlines jetliners are parked at Narita International Airport in Narita, east of Tokyo, Friday night, Jan. 8, 2010. Struggling JAL could file for bankruptcy as early as Jan. 19 under a governmen... (Sat, 09 Jan 2010 16:22:35 GMT)

JAL lenders to cave in to bankruptcy
TOKYO, Jan 10 — The main lenders to Japan Airlines plan to accept a restructuring package that would require the carrier to file for bankruptcy, sources said, increasing the likelihood of a state bailout this month. A state-backed turnaround fund plans to establish a credit line of more than ¥600 billion (RM22 billion) along with a state-owned bank to ensure JAL can keep flying once a bankruptcy ... (Sun, 10 Jan 2010 01:46:27 GMT)

Japan Airlines’ Banks Said to Accept Bankruptcy Plan (Update1)
Japan Airlines Corp.’s largest banks are set to agree to a bankruptcy of Asia’s largest carrier, said four people familiar with the matter. (Sun, 10 Jan 2010 01:54:54 GMT)

JAL could file for bankruptcy on Jan. 19
TOKYO (AP): Struggling Japan Airlines Corp. could file for bankruptcy as early as Jan. 19 under a government-backed restructuring plan that includes 13,000 job cuts, reports said Saturday. Saddled wit... (Sun, 10 Jan 2010 03:18:45 GMT)

Mesa bankruptcy puts Bombardier jet orders at risk
TORONTO -- Canada's Bombardier Inc., the world's No. 3 civil aircraft maker, risks losing an order for 10 regional jets due to Tuesday's bankruptcy filing of U.S. airline operator Mesa Air Group Inc. ... (Sun, 10 Jan 2010 10:27:39 GMT)

Acambaro Restaurants File For Bankruptcy
Acambaro Mexican Restaurant Inc. filed for bankruptcy protection Thursday in Fayetteville. (Sun, 10 Jan 2010 12:45:57 GMT)

Reports: JAL could file for bankruptcy on Jan. 19
TOKYO — Struggling Japan Airlines Corp. could file for bankruptcy as early as Jan. 19 under a government-backed restructuring plan which includes 13,000 job cuts, reports said Saturday. (Sun, 10 Jan 2010 13:49:52 GMT)

JAL may file for bankruptcy next week (Business Times
A state-backed turnaround fund plans to establish a credit line of more than US$6.5 billion (US$1 = RM3.38) along with a state-owned bank to ensure JAL can keep flying once a bankruptcy is announced, a source with the knowledge of the matter said. Reflecting growing concerns over the potential fallout from a bankruptcy, the Yomiuri newspaper said the government plans to tap diplomatic channels ... (Sun, 10 Jan 2010 16:39:04 GMT)

JAL may file for bankruptcy next week (Business Times
TOKYO: The main lenders to Japan Airlines plan to accept a restructuring package that would require the carrier to file for bankruptcy, sources said, increasing the likelihood of a state bailout this month. (Sun, 10 Jan 2010 16:49:19 GMT)

Mesa bankruptcy puts Bombardier jet orders at risk
TORONTO -- Canada's Bombardier Inc., the world's No. 3 civil aircraft maker, risks losing an order for 10 regional jets due to Tuesday's bankruptcy filing of U.S. airline operator Mesa Air Group Inc. ... (Mon, 11 Jan 2010 06:16:19 GMT)

Japan Air Readies for Bankruptcy
Japan Airlines could file for bankruptcy next week, a report says. (Mon, 11 Jan 2010 06:40:36 GMT)

Japan Airlines Set for Bankruptcy as Hatoyama Abandons Bailouts
Jan. 11 (Bloomberg) -- Japan Airlines Corp. is preparing for what may be the country’s sixth-largest bankruptcy as Prime Minister Yukio Hatoyama breaks with predecessors who bailed out the carrier three times in the past nine years. (Mon, 11 Jan 2010 11:00:29 GMT)

Reports: JAL to file bankruptcy, reject bids from AA, Delta
Troubled Japan Airlines is set to cut about 15,600 jobs, a third of its work force, and reject billion-dollar cash offers from Delta and American Airlines, as it files for bankruptcy and embarks on a government-led turnaround, reports said Monday. (Mon, 11 Jan 2010 12:43:19 GMT)

Arrow Trucking files for bankruptcy
TULSA , Okla. — A trucking firm that shut down three days before Christmas, stranding drivers around the country, has filed for bankruptcy liquidation. (Mon, 11 Jan 2010 14:01:51 GMT)

U.S. Fliers Unlikely to Shun Japan Air in Bankruptcy (Update2)
Jan. 11 (Bloomberg) -- A Japan Airlines Corp. bankruptcy probably won’t diminish demand from U.S. passengers who have grown accustomed to flying on carriers operating under court supervision. (Mon, 11 Jan 2010 15:15:16 GMT)

Tops bid for P&C awaits approval from U.S. Bankruptcy Court
NORWICH – The fate of the Norwich P&C remains a mystery as Penn Traffic’s bankruptcy hearing ended Friday with no decision. The U.S. Bankruptcy Court, in Wilmington, Del., will resume the hearing today. (Mon, 11 Jan 2010 15:15:35 GMT)

(AFX UK Focus) 2010-01-11 15:02 Burani holding company bankruptcy sought -sources
MILAN, Jan 11 (Reuters) - Milan prosecutors have filed a bankruptcy request for a holding company which indirectly controls debt-laden Mariella Burani Fashion Group (MBFG) , judicial sources said on Monday. Burani Designer Holding (BDH), for which the request was filed, has a controlling stake in Mariella Burani Family Holding (MBFH), which in turn controls the listed luxury goods maker ... (Mon, 11 Jan 2010 15:29:30 GMT)

Haemacure files for bankruptcy in both Canada, United States courts
MONTREAL - Medical technology developer Haemacure Corp. (TSX:HAE) has filed for bankruptcy in both U.S. and Canadian courts. (Mon, 11 Jan 2010 16:42:57 GMT)

Equal maker Merisant emerges from bankruptcy protection
(Reuters) — Merisant Co., the maker of low-calorie tabletop sweeteners such as Equal, said on Monday that it had cut debt by 74 percent and emerged from Chapter 11 one year after it filed for bankruptcy. A Delaware bankruptcy judge approved the company's plan to cut debt to about $147 ... (Mon, 11 Jan 2010 16:51:37 GMT)

Special bankruptcy court for banks mulled in Senate
Key U.S. senators are considering the creation of a special bankruptcy court for troubled financial services firms, a person familiar with the plans said on Monday. (Tue, 12 Jan 2010 01:16:18 GMT)

JAL shares dive as bankruptcy fears deepen
Japan Airlines shares nose-dived Tuesday, hammered by deepening fears that investors will see their stakes wiped out as bankruptcy looms large for Asia's biggest carrier. (Tue, 12 Jan 2010 02:42:49 GMT)

Shares in JAL untraded amid bankruptcy fears
Shares in money-losing Japan Airlines Corp. were untraded Tuesday due to a glut of sell orders amid fears the airline will soon file for bankruptcy. (Tue, 12 Jan 2010 03:56:20 GMT)

JAL share trading paralyzed amid bankruptcy fears
Trading in shares of money-losing Japan Airlines Corp. was paralyzed Tuesday due to a glut of sell orders amid fears the airline will soon file for bankruptcy. (Tue, 12 Jan 2010 04:46:39 GMT)

Japan Air Plummets by Trading Limit on Bankruptcy Speculation
Jan. 12 (Bloomberg) -- Japan Airlines Corp. , Asia’s biggest carrier, plunged 45 percent, the trading limit, on speculation it will file for the country’s sixth-biggest bankruptcy. (Tue, 12 Jan 2010 05:00:16 GMT)

Japan Air Plummets by Limit on Bankruptcy Speculation (Correct)
(Corrects to remove erroneous number of shareholders in third paragraph.) Jan. 12 (Bloomberg) -- Japan Airlines Corp. , Asia’s biggest carrier, plunged 45 percent to a record low on speculation it will file for the nation’s sixth-largest bankruptcy. (Tue, 12 Jan 2010 10:49:45 GMT)

5 options for a car loan in bankruptcy
You can surrender your auto but there are other ways to deal with your car loan in bankruptcy. (Tue, 12 Jan 2010 11:00:00 GMT)

Japan Air Plummets by Limit on Bankruptcy Speculation (Update3)
Jan. 12 (Bloomberg) -- Japan Airlines Corp. , Asia’s biggest carrier, plunged 45 percent to a record low on speculation it will file for what may be the nation’s sixth-largest bankruptcy. (Tue, 12 Jan 2010 11:00:37 GMT)

JAL bankruptcy restructuring closer
TOKYO, Jan. 12 (UPI) -- Japan Airlines' main creditor banks plan to support the cash-strapped carrier, taking it closer to a bankruptcy restructuring, sources told Kyodo Tuesday. (Tue, 12 Jan 2010 13:14:09 GMT)

Luna Innovations expects to emerge from bankruptcy
Luna Innovations Inc., which develops molecular and sensing technologies, says it expects to emerge from Chapter 11 bankruptcy protection. (Tue, 12 Jan 2010 16:26:41 GMT)

Judge approves R.H. Donnelley bankruptcy exit plan
R.H. Donnelley said Tuesday a bankruptcy judge has approved its reorganization plan, which will allow the yellow pages publisher to emerge from court protection by the end of the month. (Tue, 12 Jan 2010 20:23:04 GMT)

Luna Innovations emerges from bankruptcy
Luna Innovations Inc., which develops molecular and sensing technologies, says it has emerged from Chapter 11 bankruptcy protection after filing in July 2009. (Tue, 12 Jan 2010 22:14:47 GMT)

Judge approves Muzak bankruptcy exit plan
A bankruptcy judge approved Muzak Holdings LLC's reorganization plan to clear the way for its exit from court protection by the end of the month, the company said Tuesday. (Tue, 12 Jan 2010 22:15:33 GMT)

JAL shares plunge to 7 yen amid feared bankruptcy
Shares in troubled Japan Airlines Corp. plunged to just 7 yen Wednesday while the money-losing airline was expected to file for bankruptcy protection as early as next week. (Wed, 13 Jan 2010 01:15:58 GMT)

JAL shares dive 81 percent on bankruptcy fears
Japan Airlines shares plunged more than 80 percent Wednesday, with analysts warning they may become almost worthless as investors rush for the exit ahead of an expected bankruptcy filing. (Wed, 13 Jan 2010 04:16:13 GMT)

JAL share price collapses, bankruptcy seen near
Shares of Japan Airlines Corp's (9205.T) tumbled 81 percent, leaving it with a market value of just around $200 million, on mounting expectations the airline will file for bankruptcy next week and be delisted. (Wed, 13 Jan 2010 06:04:31 GMT)

Japan Airlines gets new CEO as bankruptcy looms
Kazuo Inamori, the founder of electronics maker Kyocera Corp (6971.T), agreed on Wednesday to become the new chief executive of Japan Airlines (9205.T), as the carrier's shares plunged ahead of its expected bankruptcy. (Wed, 13 Jan 2010 11:56:30 GMT)

Japan Airlines gets new CEO as bankruptcy looms
TOKYO (Reuters) - Kazuo Inamori, the founder of electronics maker Kyocera Corp <6971.T>, agreed on Wednesday to become the new chief executive of Japan Airlines <9205.T>, as the carrier's shares plunged ahead of its expected bankruptcy. (Wed, 13 Jan 2010 11:56:30 GMT)

JAL shares dive 81 percent amid bankruptcy fears
Shares in Japan Airlines Corp. nosedived 81 percent to just 7 yen Wednesday amid expectations the money-losing airline will file for bankruptcy protection as soon as next week and be removed from the stock exchange. (Wed, 13 Jan 2010 12:55:42 GMT)

Japan Airlines shares dive 81% on bankruptcy fears
TOKYO (AFP) - Japan Airlines shares dived 81 percent Wednesday to just eight US cents as investors rushed for the exit ahead of an expected bankruptcy filing by the once-mighty carrier, crippled by huge debts. (Wed, 13 Jan 2010 14:12:42 GMT)

Morris Publishing announces bankruptcy plan
Morris Publishing Group, owner of 13 daily newspapers including The Augusta Chronicle, Savannah Morning News and Florida Times-Union of Jacksonville, said Wednesday it plans to file for Chapter 11 bankruptcy protection within a week. (Wed, 13 Jan 2010 23:04:55 GMT)

Zell sees Tribune bankruptcy ending in first half
Sam Zell, chairman of Chicago Tribune parent Tribune Co., told CNBC today that he didn't know when the media company will emerge from Chapter 11 bankruptcy protection but "it's reasonable to assume that it will come out probably in the first half of this year." Read more on Tower Ticker at chicagotribune.com . (Thu, 14 Jan 2010 00:44:01 GMT)

Zell: 'Reasonable to assume' Tribune exits bankruptcy in '10
Sam Zell, chairman of Chicago Tribune parent Tribune Co., told CNBC on Wednesday that he didn't know when the media company will emerge from Chapter 11 bankruptcy protection but "it's reasonable to assume that it will come out probably in the first half of this year." (Thu, 14 Jan 2010 05:38:51 GMT)

Bankruptcy rumors send JAL shares lower
Shares in Japan Airlines Corp. sank 81 percent to just 8 cents Wednesday amid expectations the money-losing airline will file for bankruptcy protection as soon as next week. (Thu, 14 Jan 2010 08:21:09 GMT)

Monroe County Sports Centre Corp. eyes bankruptcy filing
Monroe County Sports Centre Corp. is contemplating a "structured bankruptcy" to resolve mounting debt that tops $10 million. (Thu, 14 Jan 2010 10:06:48 GMT)

Arrow’s bankruptcy called unprecedented
TULSA — Arrow Trucking Co.’s bankruptcy filing is incomplete and in disarray, and it could take weeks to find the assets and creditors and determine whether there is money left to distribute to them, court officials say.Patrick J. Malloy III, bankruptcy trustee in U.S. Bankruptcy Court for the Northern District of Oklahoma, said Arrow Trucking’s Chapter 7 bankruptcy filing last Friday is without ... (Thu, 14 Jan 2010 11:36:40 GMT)

5 options for a car loan in bankruptcy
Dear Bankruptcy Adviser, I have 2 cars: my car and my wife's. My car is a 2007 and her car is a 2008. My car payment is $600 a month and I still owe $26,000 or so on it. My wife owes about $10,000 on her car loan. (Thu, 14 Jan 2010 11:38:52 GMT)

E.C. health clinic faces bankruptcy
The East Chicago Community Health Center, a not-for-profit health clinic that serves the poor and uninsured, filed for bankruptcy Wednesday. The clinic, now known as the Healthy Lifestyles Health Center, offers primary health-care services to people regardless of their ability to pay. It is funded by state and federal grants, charity and patient funds. In its bankruptcy filings in U.S. District ... (Thu, 14 Jan 2010 14:49:31 GMT)

U.S. Bankruptcy Court Confirms Crabtree & Evelyn's Plan of Reorganization; Emergence From Bankruptcy Anticipated in ...
WOODSTOCK, CT--(Marketwire - January 14, 2010) - Crabtree & Evelyn, Ltd. announces that the United States Bankruptcy Court for the Southern District of New York confirmed its first amended plan of reorganization (as modified, the "Plan") today. The Company anticipates that it will emerge from bankruptcy by the end of January 2010. Since the recent economic downturn, numerous U.S. retailers have ... (Thu, 14 Jan 2010 16:43:11 GMT)

Bernie's chain files for bankruptcy protection
Bernie's, an electronics and appliance chain based in Connecticut, has filed for Chapter 11 bankruptcy protection, and plans to close its 15 stores. (Thu, 14 Jan 2010 22:55:45 GMT)

Lehman Bankruptcy Advisers Paid $588.4 Million So Far (Update1)
Lehman Brothers Holdings Inc. has paid its lawyers and other bankruptcy advisers $588.4 million in the 15 months since it started liquidating, according to a regulatory filing today. (Fri, 15 Jan 2010 00:09:15 GMT)

JAL's 2 main units to file for bankruptcy: report
The two core units of Japan Airlines Corp in charge of operating flights and procuring funds will file for bankruptcy protection along their parent, the Nikkei newspaper reported on Friday. (Fri, 15 Jan 2010 00:11:43 GMT)

Hong Kong 2009 Bankruptcy Petitions 15,784; Highest In 6 Years
Hong Kong 2009 Bankruptcy Petitions 15,784; Highest In 6 Years (Fri, 15 Jan 2010 05:02:09 GMT)

U.S. Senators Want Bankruptcy Court for Failing Financial Firms
Jan. 15 (Bloomberg) -- The Senate Banking Committee is likely to propose setting up a new bankruptcy court to preside over the takedown of financial firms whose failure could destabilize the system, people familiar with the matter said. (Fri, 15 Jan 2010 05:18:39 GMT)

Lehman Bankruptcy Lawyers, Advisers Paid $588.4 Million So Far
Jan. 15 (Bloomberg) -- Lehman Brothers Holdings Inc. has paid its lawyers and other bankruptcy advisers $588.4 million in the 15 months since it started liquidating, according to a regulatory filing. (Fri, 15 Jan 2010 07:15:56 GMT)

Village Voice Newspaper May Face Forced Bankruptcy in Ad Fight
Jan. 15 (Bloomberg) -- The Village Voice, a New York City alternative newspaper, could soon face U.S. Bankruptcy Court proceedings after its parent, Village Voice Media LLC, lost a $15.9 million judgment for ad-price fixing, a lawyer said. (Fri, 15 Jan 2010 07:16:17 GMT)

JAL Draws Emergency Funds as Bankruptcy Looms
Japan Airlines moved a step closer to bankruptcy on Friday by drawing down $1.6 billion in emergency funding, with the prime minister set to decide when the carrier will start a state-led restructuring. (Fri, 15 Jan 2010 11:11:17 GMT)

JAL draws on emergency funds as bankruptcy looms
Japan Airlines (9205.T) moved a step closer to bankruptcy on Friday by drawing down $1.6 billion in emergency funding and with the government setting Tuesday as the day to officially start a state-led restructuring. (Fri, 15 Jan 2010 12:05:25 GMT)

Bernie's Files For Bankruptcy
Bernie's, the 15-store electronics and appliance chain based in Enfield founded in 1947, filed Chapter 11 bankruptcy today. (Fri, 15 Jan 2010 12:44:33 GMT)

Capmark Investments Files for Bankruptcy
A unit of the bankrupt commercial property lender Capmark Financial Group filed for bankruptcy in a bid to sell its management contracts and interests in real estate equity funds. (Sat, 16 Jan 2010 02:35:50 GMT)

Bankruptcy Judge Rules Refinancing Lender's Carelessness Won't Cost It Priority
In a ruling of interest to mortgage lenders, a federal bankruptcy judge has held that even a grossly negligent lender is entitled to the benefit of equitable subrogation in determining priority. Judge Kathryn Ferguson, with no precedent to guide her on whether gross negligence or reckless disregard of industry practice is a bar to equitable subrogation, looked at equitable subrogation decisions ... (Sat, 16 Jan 2010 04:55:18 GMT)

Village Voice Affiliate May Face Forced Bankruptcy in Ad Fight
New Times Media LLC, which merged with the Village Voice newspaper’s parent company in 2006, might face U.S. Bankruptcy Court proceedings after losing a $15.9 million judgment for ad-price manipulation, a lawyer said. (Sat, 16 Jan 2010 05:49:38 GMT)

Affiliated Media OKs bankruptcy plan to cut debt
Affiliated Media Inc., the holding company for the MediaNews Group of newspapers including The Detroit News, has reached an accord with lenders for a financial restructuring through a pre-packaged Chapter 11 bankruptcy. (Sat, 16 Jan 2010 06:48:28 GMT)

Affiliated Media, parent of Daily News owner MediaNews, to file for bankruptcy protection
Affiliated Media Inc., the holding company for MediaNews Group, whose newspapers include the Denver Post and several Southern California papers, plans to file for Chapter 11 bankruptcy protection. (Sat, 16 Jan 2010 08:27:00 GMT)

Owner of Denver Post, Salt Lake Tribune plans prepackaged Chapter 11 bankruptcy filing
DENVER - The holding company for MediaNews Group Inc. newspapers, including The Denver Post and San Jose Mercury News, says it plans to file for Chapter 11 bankruptcy protection. Affiliated Media In... (Sat, 16 Jan 2010 13:27:36 GMT)

U.S. newspaper group to file bankruptcy
DENVER, Jan. 16 (UPI) -- The publisher of the Denver Post, The Detroit News, the Salt Lake Tribune and 51 other daily newspapers says it will declare bankruptcy. (Sat, 16 Jan 2010 13:32:59 GMT)

Denver Post Owner Plans Prepackaged Bankruptcy
The holding company for MediaNews Group Inc. newspapers, including The Denver Post and San Jose Mercury News, says it plans to file for Chapter 11 bankruptcy protection. (Sat, 16 Jan 2010 13:54:10 GMT)

L.A. newspaper owner to file bankruptcy
Affiliated Media Inc., owner of the Los Angeles Daily News, Long Beach Press-Telegram and seven other Los Angeles area newspapers, said it plans to file a pre-packaged Chapter 11 bankruptcy. (Sat, 16 Jan 2010 18:53:51 GMT)

13th paper files for bankruptcy
DENVER - THE holding company for MediaNews Group Inc newspapers, including The Denver Post and San Jose Mercury News, says it plans to file for bankruptcy protection. Affiliated Media Inc said on Friday it would file a 'prepackaged' plan already approved by lenders, which should allow it to emerge from bankruptcy more quickly. (Sat, 16 Jan 2010 23:31:07 GMT)

Denver Post owner plans bankruptcy filing
DENVER (AP) -- The holding company for MediaNews Group Inc. newspapers, including The Denver Post and San Jose Mercury News, says it plans to file for bankruptcy protection. Affiliated Media Inc. said Friday it would file a "prepackaged" plan already approved by lenders, which should allow it to emerge from bankruptcy more quickly. It would be at least the 13th bankruptcy filing by a U.S ... (Sun, 17 Jan 2010 01:45:44 GMT)

Bankruptcy judge OKs Reader's Digest reorganization plan
Reader's Digest Association Inc., the Chappaqua-based publisher of the world's largest-circulation magazine, won bankruptcy court approval of a reorganization that will cut its debt by 75 percent. (Sun, 17 Jan 2010 12:34:35 GMT)

Bankruptcy expected for Japan Airlines
Japan Airlines is widely expected to file for bankruptcy this week. (Sun, 17 Jan 2010 12:34:41 GMT)

Bankruptcy court filings jump in Nevada
Nevada businesses and individuals struggling with foreclosures and unemployment have led to a jump in bankruptcy filings. And figures for the first two weeks of the new year are showing no signs of a letup. (Sun, 17 Jan 2010 16:10:42 GMT)

Bankruptcy court filings jump in Nevada
Nevada businesses and individuals struggling with foreclosures and unemployment have led to a jump in bankruptcy filings. And figures for the first two weeks of the new year are showing no signs of a letup. U.S. Bankruptcy Court of Nevada statistics show... Bankruptcy - United States bankruptcy court - Nevada - United States - Law (Sun, 17 Jan 2010 16:39:49 GMT)

Japan Airlines bankruptcy filing expected Tuesday
Japan Airlines is expected to file for bankruptcy protection Tuesday, ending months-long speculation about its fate and launching a massive overhaul to shed the fat and inefficiency that hobbled Asia's biggest airline. With debts of 1.5 trillion yen ($16.5... Japan Airlines - Bankruptcy - Airline - Asia - Business (Mon, 18 Jan 2010 07:39:59 GMT)

10 ways to dodge bankruptcy in 2010
Try one or more of these strategies to lower your debt, live frugally and skirt bankruptcy. (Mon, 18 Jan 2010 11:00:00 GMT)

Japan Airlines bankruptcy filing expected Tuesday
Japan Airlines is expected to file for bankruptcy protection Tuesday, ending months-long speculation about its fate and launching a massive overhaul to shed the fat and inefficiency that hobbled Asia's biggest airline. (Mon, 18 Jan 2010 14:07:26 GMT)

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