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Home > Bankruptcy News

Bankruptcy News Feb 2010

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Japan mobile company Willcom files for bankruptcy
Willcom Inc., a Japanese mobile phone company controlled by private equity giant Carlyle Group, filed for bankruptcy protection Thursday. (Thu, 18 Feb 2010 12:24:59 GMT)

Bondholders, investors battle over Monorail's bankruptcy
It was originally envisioned as a transportation solution for Las Vegas but has become a financial train wreck. Now, a federal judge will decide whether the Las Vegas Monorail’s bankruptcy will move forward. (Thu, 18 Feb 2010 14:50:40 GMT)

Tribune Co. gets extension in bankruptcy
A U.S. Bankruptcy Court judge in Delaware on Thursday extended until March 31 Tribune Co.'s exclusive right to file a reorganization plan in its Chapter 11 case. (Fri, 19 Feb 2010 04:03:32 GMT)

Carlyle Group loses $330 million on bankruptcy of Japanese telecom Willcom
The Carlyle Group suffered a $330 million loss Thursday when a Japanese mobile phone company in which it had a big interest filed for bankruptcy protection, the second time in a little more than a year that Carlyle has taken a hit in the highly volatile telecommunications field. (Fri, 19 Feb 2010 05:00:00 GMT)

Inland hospital district faces showdown with suitor in bankruptcy court
Valley Health System, faced with mounting debt and little chance of profitability, on Monday faces a showdown in U.S. Bankruptcy Court with a Victorville-based health care company over the sale of the hospital district's assets. (Fri, 19 Feb 2010 07:15:55 GMT)

Japan Air Has Last Trading Day Following Bankruptcy (Update1)
Feb. 19 (Bloomberg) -- Japan Airlines Corp. , the first major Asian flag carrier to file for bankruptcy, has its last trading day in Tokyo today, wiping out shareholders in a company that was worth more than $6 billion as recently as March. (Fri, 19 Feb 2010 08:00:12 GMT)

Chrysler predecessor seeks OK to sell Detroit plant to post-bankruptcy Chrysler
DETROIT - Chrysler Group LLC is poised to acquire the Sterling Heights, Michigan, assembly plant for $20 million from the company that has managed the automaker's remaining assets since its emergency from bankruptcy last year. (Fri, 19 Feb 2010 08:10:00 GMT)

Mega Brands files for bankruptcy protection in Delaware
Canadian toymaker Mega Brands Inc and nine affiliates filed a Chapter 15 proceeding in a Delaware bankruptcy court late on Thursday, court documents showed. (Reuters) (Fri, 19 Feb 2010 13:12:05 GMT)

Magna Entertainment files bankruptcy reorganization plan
Horse-track owner Magna Entertainment Corp. filed a reorganization plan in Delaware bankruptcy court on Thursday after reaching a settlement with unsecured creditors who accused its parent company of sham financial transactions. (Fri, 19 Feb 2010 13:46:54 GMT)

Mega Brands seeks U.S. bankruptcy court protection
Canadian toymaker Mega Brands , which has been trying to recover from a big product recall several years ago, filed a Chapter 15 proceeding in a U.S. bankruptcy court in Delaware, clearing the way for a key recapitalization vote next month. (Fri, 19 Feb 2010 14:51:00 GMT)

(AFX UK Focus) 2010-02-19 15:05 UPDATE 2-Mega Brands seeks U.S. bankruptcy court protection
TORONTO, Feb 19 (Reuters) - Canadian toymaker Mega Brands , which has been trying to recover from a big product recall several years ago, filed a Chapter 15 proceeding in a U.S. bankruptcy court in Delaware, clearing the way for a key recapitalization vote next month. The Montreal-based company, whose shares fell more than 6 percent, said on Friday that it had started proceedings in Canada on ... (Fri, 19 Feb 2010 15:27:54 GMT)

Mega Brands, Canadian Toymaker, Files for U.S. Bankruptcy
Feb. 19 (Bloomberg) -- Mega Brands Inc. , the Canadian toymaker whose products include Mega Bloks and Rose Art drawing supplies, sought bankruptcy protection in the U.S. (Fri, 19 Feb 2010 15:30:38 GMT)

Extended Stay Puts Five More Affiliates in Bankruptcy (Update1)
Feb. 19 (Bloomberg) -- Extended Stay Hotels Inc. , the U.S. hotelier that filed for bankruptcy last June with $7.6 billion in debt, placed five more affiliated entities in court protection, without giving a reason. (Fri, 19 Feb 2010 17:15:33 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, 19 Feb 2010 22:53:25 GMT)

Lehman Bankruptcy Advisers Paid $641.9 Million So Far (Update1)
Feb. 19 (Bloomberg) -- Lehman Brothers Holdings Inc. , the investment bank liquidating in bankruptcy, paid its lawyers and other advisers $641.9 million in 16 months since September 2008, according to a regulatory filing today. (Fri, 19 Feb 2010 23:18:02 GMT)

Lehman Paid Bankruptcy Advisers $642 Million
Weil Gotshal & Manges LLP of New York have collected $149.5 million for acting as the investment bank’s lead bankruptcy law firm. Milbank Tweed Hadley & McCloy LLP have taken in $42.4 million for advising Lehman’s creditors’ committee. (Sat, 20 Feb 2010 00:11:07 GMT)

Pennsylvania's state capital considers filing for bankruptcy
Harrisburg, Pa., is debating whether to declare Chapter 9 bankruptcy. As cities struggle to balance their budgets, more may consider the option. (Sat, 20 Feb 2010 00:48:28 GMT)

Kim Rothstein living rent free, bankruptcy trustee says
Prosecution and bankruptcy trustee disagree on how to distribute Rothstein assets Bankruptcy lawyers handling the financial fallout from Scott Rothstein's mega Ponzi scheme are taking issue with the way federal prosecutors are dealing with the convicted felon's multi-million dollar properties. (Sat, 20 Feb 2010 02:36:18 GMT)

Accuride's plan to exit bankruptcy protection given ok
The stage has been set for truck parts manufacturer Accuride Corp. to exit bankruptcy protection. A federal bankruptcy judge in Delaware confirmed Evansville-based Accuride's reorganization plan on Thursday, the company announced. (Sat, 20 Feb 2010 05:10:04 GMT)

Lehman Bankruptcy Advisers Paid $641.9 Million in 16 Months
Feb. 20 (Bloomberg) -- Lehman Brothers Holdings Inc. , the investment bank liquidating in bankruptcy, paid its lawyers and other advisers $641.9 million in 16 months since September 2008, according to a regulatory filing. (Sat, 20 Feb 2010 07:15:33 GMT)

Durham’s Ohio company put in bankruptcy, gets trustee
INDIANAPOLIS — An Ohio investment company run by Indiana businessman and Seymour native Timothy S. Durham has been placed into bankruptcy, and its operations will be overseen by a trustee. That means thousands of Ohio investors in Fair Finance Co.... (Sat, 20 Feb 2010 18:11:42 GMT)

Mississippi River Corp. files for bankruptcy
COLUMBUS, Ohio (AP) - Mississippi River Corp. has filed for Chapter 11 bankruptcy reorganization in Ohio, the home of its North American Paper Co. division. (Sat, 20 Feb 2010 18:27:28 GMT)

S'pore Explorer head faces bankruptcy suit
A BANKRUPTCY application has been filed against Mr Francis Phun, the chairman of tourism company Singapore Explorer, over $576,000 of debts. (Sun, 21 Feb 2010 00:57:52 GMT)

Rushdie accuses Amnesty International of "moral bankruptcy"
Salman Rushdie has slammed Amnesty International's association with former Guantanamo Bay detainee Moazzam Begg, by saying that the charity is suffering from "moral bankruptcy" as it "has lost the (Sun, 21 Feb 2010 07:27:45 GMT)

Lehman Bankruptcy Advisers Paid $641.9 Million in 16 Months
Feb. 20 (Bloomberg) -- Lehman Brothers Holdings Inc. , the investment bank liquidating in bankruptcy, paid its lawyers and other advisers $641.9 million in 16 months since September 2008, according to a regulatory filing. (Sun, 21 Feb 2010 11:14:37 GMT)

Salman Rushdie accuses Amnesty International of "moral bankruptcy"
London, Feb. 21 : Salman Rushdie has slammed Amnesty International's association with former Guantanamo Bay detainee Moazzam Begg, by saying that the charity is suffering from "moral bankruptcy" as it "has lost the ability to distinguish right from wrong." (Sun, 21 Feb 2010 11:24:24 GMT)

Genesee County commission chairman says Flint might need to file for bankruptcy
Here’s one way to avoid massive police and fire layoffs in Flint: Take the city on a trip through Chapter 9 bankruptcy, voiding expensive public safety contracts along the way. (Sun, 21 Feb 2010 13:18:32 GMT)

Lehman bankruptcy advisers paid US$642m in 16 months (Business Times
NEW YORK: Lehman Brothers Holdings Inc, the investment bank liquidating in bankruptcy, paid its lawyers and other advisers US$641.9 million (US$1 = RM3.41) in 16 months since September 2008, according to a regulatory filing. The restructuring firm Alvarez and Marsal LLC, which provided Lehman with its current chief executive officer, Bryan Marsal, led the payments with US$233 million in fees for ... (Sun, 21 Feb 2010 15:44:04 GMT)

Alexandria's Reed Envelope, Derwood's Pezgot file for bankruptcy
These firms recently filed with the U.S. Bankruptcy Court's local clerk of court offices. (Mon, 22 Feb 2010 05:00:00 GMT)

Everett waterfront: Bankruptcy puts condos in doubt, other work under way
The Port of Everett’s partner for a $400 million redevelopment filed for bankruptcy protection last year, shutting down construction plans for the first of some 660 waterfront condominiums. (Mon, 22 Feb 2010 08:12:47 GMT)

Phila. Newspaper Exec Speaks on Bankruptcy Hearings
It's now been a full year in bankruptcy court in the knock-down, drag-out legal fight between the company that owns the Philadelphia Inquirer and Daily News and its lenders. Newspaper executive Brian Tierney says the process was designed to help companies survive and thrive, but he never thought it would take this long. (Mon, 22 Feb 2010 08:52:20 GMT)

Philly Papers One Year in to Bankruptcy Fight
For the newspapers of Phildelphia, Monday marks a not so happy anniversary, one year after The Daily News, The Inquirer and philly.com all asked for bankruptcy protection. (Mon, 22 Feb 2010 13:26:07 GMT)

Rothstein's wife living rent free, bankruptcy trustee says
Rothstein's wife living rent free, bankruptcy trustee says (Mon, 22 Feb 2010 14:15:02 GMT)

Stargate Worlds Dev Cheyenne Mountain To File For Bankruptcy
Despite some internal conflict, Stargate Worlds developer Cheyenne Mountain Entertainment has decided to declare bankruptcy, as shareholders file a complaint against its former chairman and CEO. The company has faced challenges obtaining enough funding to finish Stargate Worlds. As a stopgap, it released PC third-person shooter Stargate Resistance, hoping proceeds from the title would help it ... (Mon, 22 Feb 2010 14:39:29 GMT)

(AFX UK Focus) 2010-02-22 14:59 UPDATE 1-Reader's Digest emerges from bankruptcy
NEW YORK, Feb 22 (Reuters) - Magazine and website publisher Reader's Digest Association Inc has emerged from Chapter 11 bankruptcy after cutting it debt by 75 percent, the company said on Monday. Reader's Digest, which filed for protection from creditors in August, comes out of bankruptcy with $525 million in exit financing and a new board of directors that includes Fredric Reynolds, former ... (Mon, 22 Feb 2010 15:27:43 GMT)

Mississippi River Corp. declares bankruptcy
NATCHEZ — Mississippi River Corp. has filed for Chapter 11 bankruptcy reorganization in Ohio, the home of its North American Paper Co. division. (Mon, 22 Feb 2010 16:18:09 GMT)

Reader's Digest exits bankruptcy with less debt
The publisher of Reader's Digest said Monday that it has emerged from bankruptcy protection. (Mon, 22 Feb 2010 16:34:53 GMT)

Reader's Digest exits bankruptcy with less debt
The publisher of Reader's Digest said Monday that it has emerged from bankruptcy protection. The Reader's Digest Association Inc. said it has a more solid financial structure because of its prearranged bankruptcy -- where the company reaches an accord with key lenders beforehand in hopes of exiting Chapter 11 protection sooner. (Mon, 22 Feb 2010 16:34:53 GMT)

Reader's Digest exits bankruptcy with less debt
The publisher of Reader's Digest said Monday that it has emerged from bankruptcy protection with much less debt and a new board of directors. (Mon, 22 Feb 2010 17:46:41 GMT)

Reader's Digest Exits Bankruptcy With Less Debt
Reader's Digest exits bankruptcy with less debt, improved capital levels Bankruptcy - Law - United States - Services - Lawyers and Law Firms (Mon, 22 Feb 2010 18:10:25 GMT)

Reader's Digest exits bankruptcy with less debt
PLEASANTVILLE, New York: The publisher of Reader's Digest said Monday that it has emerged from bankruptcy protection. The Reader's Digest Association Inc. said it has a more solid financial structure ... (Tue, 23 Feb 2010 03:50:22 GMT)

Can only one spouse file for bankruptcy?
One spouse can file for bankruptcy under Chapter 7, but complications can impede Chapter 13. (Tue, 23 Feb 2010 11:00:00 GMT)

Can only one spouse file for bankruptcy?
Dear Bankruptcy Adviser, My husband and I need to file for bankruptcy . But we are afraid of losing our home by filing for Chapter 7 and can't afford to file for Chapter 13 because one of us owes too many hospital bills! (Tue, 23 Feb 2010 11:36:39 GMT)

Natchez pulp recycler files for bankruptcy
Mississippi River Corporation, a Natchez based pulp recycler, has filed a Chapter 11 bankruptcy petition in an Ohio court. (Tue, 23 Feb 2010 13:53:48 GMT)

Will MGM Mirage File for Bankruptcy in 2010?
Is bankruptcy looming for MGM Mirage in 2010? Take our poll and see what users of TheStreet think. (Tue, 23 Feb 2010 15:27:12 GMT)

Irvine firm's bankruptcy plan OK'd
Irvine personal products company should emerge from bankruptcy within weeks. (Tue, 23 Feb 2010 16:47:49 GMT)

Everett waterfront: Bankruptcy puts condos in doubt, other work under way
The Port of Everett’s partner for a $400 million redevelopment filed for bankruptcy protection last year, shutting down construction plans for the first of some 660 waterfront condominiums. (Tue, 23 Feb 2010 16:51:22 GMT)

Va. entrepreneur faces fraud charges, bankruptcy
When Virginia steakhouse owner Osama El-Atari disappeared last year, he left behind a $3.8 million McMansion, a few splashy sports cars and a bunch of banks that said he cheated them out of about $60 million. Authorities had thought El-Atari skipped the... Bankruptcy - Virginia - Fraud - United States - Law (Tue, 23 Feb 2010 19:54:50 GMT)

Chemtura Wins Right to Control Bankruptcy Until June (Update2)
Feb. 23 (Bloomberg) -- Chemtura Corp. can keep control over its bankruptcy until June, as it grapples with more than 10,000 claims, many involving lawsuits over environmental liability and a chemical used to flavor popcorn. (Tue, 23 Feb 2010 20:56:06 GMT)

Bankruptcy court is the latest venue in the Trump-Icahn Atlantic City battle
Billionaires Donald Trump and Carl Icahn took their fight for the Trump-branded hotel-casinos to bankruptcy court yesterday, with a quarter of Atlantic City's 11 gaming sites at stake. (Wed, 24 Feb 2010 02:56:00 GMT)

High-profile condos in bankruptcy protection
CHARLOTTE, N.C. -- The developer of the French Renaissance-style condos at Providence and Sharon Amity roads has filed for bankruptcy protection, three weeks after its lender started foreclosure. The high-profile Rosewood Condominiums, started in 2005, pushed the limits of the Charlotte luxury market, touting amenities such as concierge service, massage rooms and a putting green. The 134 condos ... (Wed, 24 Feb 2010 05:03:46 GMT)

Bankruptcy protection filed over luxury condominiums
The developer of the French Renaissance-style condos at Providence and Sharon Amity roads has filed for bankruptcy protection, three weeks after its lender started foreclosure. (Wed, 24 Feb 2010 06:03:30 GMT)

GM roaring out of bankruptcy
General Motors has invested $1.4B in more than a dozen plants and created about 5,500 jobs since emerging from bankruptcy court in July. The investment and job moves are a stark contrast to last year, when GM shed factories, implemented unprecedented production cuts and slashed thousands of jobs in bankruptcy. (Wed, 24 Feb 2010 06:19:54 GMT)

Everett waterfront: Bankruptcy puts condos in doubt, other work under way
The Port of Everett’s partner for a $400 million redevelopment filed for bankruptcy protection last year, shutting down construction plans for the first of some 660 waterfront condominiums. (Wed, 24 Feb 2010 07:51:22 GMT)

Tulsa’s Penloyd files Chapter 7 bankruptcy
A year after shutting its doors, Tulsa manufacturer Penloyd LLC has filed for Chapter 7 bankruptcy, or liquidation.The retail-fixture manufacturing business shut down in January 2009 and laid off 187 people.According to a filing in U.S. Bankruptcy Court for the Northern District of Oklahoma, Penloyd has no assets and is more than $15 million in debt.The company or its predecessors operated in ... (Wed, 24 Feb 2010 11:22:47 GMT)

Jupiter mayoral candidate filed for bankruptcy in 1999, convicted of DUI in 1995
Jupiter mayoral candidate filed for bankruptcy in 1999, convicted of DUI in 1995 (Wed, 24 Feb 2010 14:45:02 GMT)

Fiddler’s Creek files Chapter 11 bankruptcy protection
Fiddler’s Creek LLC has filed for Chapter 11 bankruptcy.Fiddler's Creek filed for bankruptcy protection Feb. 23 in the Middle District of Florida. The move is meant to "preserve the substantial equity that exists in the 4,000-acre luxury residential development," according to the developer.Gulf Bay Inc., an investment affiliate, has agreed to provide a $25 million loan to the developer.Fiddler's ... (Wed, 24 Feb 2010 16:34:00 GMT)

General Growth inks deal to exit bankruptcy
The nation's second-largest shopping mall operator, General Growth Properties Inc., said Wednesday it reached a deal with Canada's Brookfield Asset Management Inc. that will speed its exit from Chapter 11 bankruptcy protection. (Thu, 25 Feb 2010 01:46:01 GMT)

China Club Blames Lehman Job Cuts for Its Bankruptcy (Update3)
Feb. 24 (Bloomberg) -- China Club , a New York nightclub, filed for bankruptcy protection, saying job cuts at Lehman Brothers Holdings Inc. hurt its business. (Thu, 25 Feb 2010 01:56:17 GMT)

General Growth reaches deal to exit bankruptcy
The nation's second-largest shopping mall operator, General Growth Properties, said it reached a deal with Brookfield Asset Management that would speed its exit from Chapter 11 bankruptcy protection. (Thu, 25 Feb 2010 05:00:00 GMT)

General Growth's bankruptcy plan: Sell 30% of company
General Growth Properties unveiled a plan yesterday to exit from bankruptcy that would split the company in two. ... (Thu, 25 Feb 2010 05:21:00 GMT)

Daube Says Any EU Bankruptcy, Exit Would End European Union
Feb. 25 (Bloomberg) -- The bankruptcy of a European Union nation or an exit from the euro would be the end of the European Union, Carl Heinz Daube, head of Germany’s debt agency, told a conference organized by Euromoney in London. (Thu, 25 Feb 2010 12:36:36 GMT)

Trump to testify this morning in Atlantic City casino bankruptcy fight
CAMDEN - Celebrity CEO Donald Trump will testify this morning in his high-stakes bankruptcy battle with fellow billionaire Carl Icahn for control of the Trump Entertainment Resorts Inc. casinos. (Thu, 25 Feb 2010 14:25:10 GMT)

General Growth says it will split in plan to exit bankruptcy
Canadian investor will help mall owner out of bankruptcy General Growth Properties, owner of most shopping malls in the Baltimore area and a number of prime properties in Columbia, announced Wednesday that it plans to split into two companies and has negotiated a $2.6 billion investment from a Canada-based company as part of a plan to exit bankruptcy. (Thu, 25 Feb 2010 15:18:31 GMT)

(AFX UK Focus) 2010-02-25 14:56 UPDATE 1-Station Casinos may exit bankruptcy in summer
NEW YORK, Feb 25 (Reuters) - Station Casinos, which filed for bankruptcy in July 2009, said on Thursday it had reached a deal with its key lenders that may allow it to emerge from the court process this summer. Members of the casino's founding family, including co-owner and Chief Executive Frank Fertitta and his brother Lorenzo Fertitta, will make an equity investment in the company under the ... (Thu, 25 Feb 2010 15:27:37 GMT)

VitalMedix files for Chapter 7 bankruptcy
VitalMedix, a company spun out of the University of Minnesota, suffered a sorry fate and filed for Chapter 7 bankruptcy earlier this week, the company’s president and CEO confirmed. (Thu, 25 Feb 2010 15:37:11 GMT)

Daube Says an EU Bankruptcy Ends ‘Euro Experiment’ (Update1)
Feb. 25 (Bloomberg) -- The bankruptcy of a euro-region country or a nation’s exit from the bloc would spell the end of European monetary union, Carl Heinz Daube , head of Germany’s debt agency, told a conference in London. (Thu, 25 Feb 2010 16:25:00 GMT)

Birch Paper files for bankruptcy protection
Newsprint manufacturer White Birch Paper Co. has filed for bankruptcy protection, citing declining demand for newspapers and the strength of the Canadian dollar. (Thu, 25 Feb 2010 21:32:01 GMT)

CIT Said to Plan First Bond Sale Since Emerging From Bankruptcy
CIT Group Inc., the commercial lender that exited bankruptcy in December, is planning a debt sale using a government program expiring next week, people familiar with the offering said. (Fri, 26 Feb 2010 05:18:51 GMT)

Premier League's Portsmouth enters bankruptcy
A team in England's top soccer league is seeking bankruptcy protection. Portsmouth became the first team in the world's richest league to seek protection from creditors when it filed on Friday morning and posted a notice on its Web site. "It is my intention to work with the administrator to help sell the business and I hope that will be quick as there is already interest in acquiring... (Fri, 26 Feb 2010 11:02:29 GMT)

Premier League's Portsmouth enters bankruptcy
A team in England's top soccer league is seeking bankruptcy protection. (Fri, 26 Feb 2010 11:52:48 GMT)

Premier League's Portsmouth enters bankruptcy
Portsmouth soccer club fan Joyce Tynan shows her support outside Portsmouth Football Club, Portsmouth, England, Friday, Feb. 26, 2010. Portsmouth became the first Premier League team to be forced to seek bankruptcy protection from its creditors on Friday, enabling the insolvent business to restructure financially. (Fri, 26 Feb 2010 15:23:54 GMT)

Premier League's Portsmouth enters bankruptcy
Portsmouth became the first Premier League team forced to seek bankruptcy protection from its creditors on Friday, enabling the insolvent business to restructure financially. (Fri, 26 Feb 2010 16:01:11 GMT)

Premier League's Portsmouth enters bankruptcy
Portsmouth became the first Premier League team forced to seek bankruptcy protection from its creditors on Friday, enabling the insolvent business to restructure financially. The bottom club in the world's richest league was placed into administration by the High Court less than two years after winning the FA Cup because Balram Chainrai -- its fourth owner this season -- was unable to clear... (Fri, 26 Feb 2010 16:02:32 GMT)

Cheetahs & China Club: Times Square Strip Clubs File For Bankruptcy, Blame Financial Crisis
What's Your Reaction? Strip and night clubs in Times Square took a beating this week. Two hot spots, China Club and Cheetahs Gentlemen's Club & Restaurant, are seeking bankruptcy protection and filed for Chapter 11. (Fri, 26 Feb 2010 16:20:52 GMT)

Conflict intensifies in Connolly Properties-related bankruptcy cases
PLAINFIELD — A collection of related Chapter 11 bankruptcy cases connected to 15 city apartment properties managed by Connolly Properties Inc., involving real estate valued at tens of millions of dollars, appears to have come down to a matter of just $31. (Fri, 26 Feb 2010 16:32:40 GMT)

Premier League's Portsmouth Enters Bankruptcy
Portsmouth becomes 1st Premier League club to seek bankruptcy protection Premier League - Soccer - Sports - Portsmouth FC - England (Fri, 26 Feb 2010 16:58:11 GMT)

Greek PM warns on bankruptcy as crunch looms
Greece risks bankruptcy unless strict austerity measures are enacted fast to cut its deficit, Prime Minister George Papandreou warned on Friday, while reports said the EU wants even more belt-tightening. (Fri, 26 Feb 2010 18:35:03 GMT)

Premier League's Portsmouth seeks bankruptcy protection
Portsmouth became the first English Premier League team to seek bankruptcy protection on Friday, enabling the club to cut costs in an effort to stay in business. (Fri, 26 Feb 2010 22:14:14 GMT)

Catalina Lighting Files for Chapter 11 Bankruptcy Protection
Feb. 26 (Bloomberg) -- Catalina Lighting Inc. , a maker of residential lighting products, filed for bankruptcy protection from creditors blaming the recession. (Fri, 26 Feb 2010 23:15:36 GMT)

Rough road of bankruptcy
Orlando bankruptcy attorney Anne-Marie Bowen, who works for people who've reached the end of their financial rope. And since the economy went south, there's a lot of work to do. Bowen spoke recently with Sentinel reporter Jim Stratton. (Sat, 27 Feb 2010 03:14:04 GMT)

Greek PM warns on bankruptcy as crunch looms
The Greek prime minister warned of national bankruptcy Friday unless public spending were slashed as German banks vowed to shun Greek debt and the government was said to be readying a critical bond issue. (Sat, 27 Feb 2010 10:02:51 GMT)

Park Meadows owner ends bankruptcy with deal
A real estate investment firm has agreed to put up the money needed to end the bankruptcy protection process for Park Meadows mall’s parent company. (Sat, 27 Feb 2010 15:37:45 GMT)

Portsmouth seeks bankruptcy help
LONDON (AP) Portsmouth became the first Premier League team to be forced to seek bankruptcy protection from its creditors on Friday, enabling the insolvent business to restructure financially. The bottom club in the world's richest league was placed into administration by the High Court less than two years after winning the F.A. Cup. (Sat, 27 Feb 2010 21:09:04 GMT)

APPCO bankruptcy case nears completion
Local businesses left hanging by last year’s APPCO convenience store bankruptcy number in the dozens, and it looks like they’ll be fortunate to get more than 10 cents for every dollar they were owed. (Sun, 28 Feb 2010 03:26:03 GMT)

Freedom to emerge from bankruptcy by end of March
Freedom Communications Inc., parent company of the Clovis News Journal, Portales News-Tribune and Quay County Sun, should emerge from bankruptcy by the end of March, according to the company’s top executives. Interim Chief Executive Burl Osborne... (Sun, 28 Feb 2010 03:26:46 GMT)

Parkside Village apartment complex under fire with bankruptcy, failing inspections
The low-income Parkside Village complex is facing a crisis with bankruptcy and failing inspections. (Sun, 28 Feb 2010 06:25:22 GMT)

Freedom expects to leave bankruptcy by end of March
Freedom Communications Inc., Irvine-based parent of the Appeal-Democrat, should emerge from bankruptcy by the end of March, according to the company's top executives. Interim Chief Executive Burl Osborne and Chief Financial Officer Mark McEachen said... (Sun, 28 Feb 2010 06:32:12 GMT)

Park Meadows owner ends bankruptcy with deal
A real estate investment firm has agreed to put up the money needed to end the bankruptcy protection process for Park Meadows mall’s parent company. (Sun, 28 Feb 2010 11:07:25 GMT)

Bankruptcy case stretches law firm
Since two Lakes Region investment firms abruptly shut their doors last year, dozens of former investors have claimed the closures caused them severe financial strain. Add another name to that list: the law firm handling the companies' bankruptcy case. (Sun, 28 Feb 2010 15:04:55 GMT)

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