101 bankruptcy Online Bankruptcy Resources
Home Bankruptcy Guide Bankruptcy Resources Links About
Bankruptcy News Archive
Apr 2015 | Mar 2015 | Feb 2015 | Jan 2015 | Dec 2014 | Nov 2014 | Oct 2014 | Sep 2014 | Aug 2014 | Jul 2014 | Jun 2014 | May 2014 | Apr 2014 | Mar 2014 | Feb 2014 | Jan 2014 | Dec 2013 | Nov 2013 | Oct 2013 | Sep 2013 | Aug 2013 | Jul 2013 | Jun 2013 | May 2013 | Apr 2013 | Mar 2013 | Feb 2013 | Jan 2013 | Dec 2012 | Nov 2012 | Oct 2012 | Sep 2012 | Aug 2012 | Jul 2012 | Jun 2012 | May 2012 | Apr 2012 | Mar 2012 | Feb 2012 | Jan 2012 | Dec 2011 | Nov 2011 | Oct 2011 | Sep 2011 | Aug 2011 | Jul 2011 | Jun 2011 | May 2011 | Apr 2011 | Mar 2011 | Feb 2011 | Nov 2010 | Oct 2010 | Sep 2010 | Aug 2010 | Jul 2010 | Jun 2010 | May 2010 | Apr 2010 | Mar 2010 | Feb 2010 | Jan 2010 | Dec 2009 | Nov 2009 | Oct 2009 | Sep 2009 | Aug 2009 | Jul 2009 | Jun 2009 | May 2009 | Apr 2009 | Mar 2009 | Feb 2009 | Jan 2009 | Dec 2008 | Nov 2008 | Oct 2008 | Sep 2008 | Aug 2008 | Jul 2008 | Jun 2008 | May 2008 | Apr 2008 | Mar 2008 | Feb 2008 | Jan 2008 | Dec 2007 | Nov 2007 | Oct 2007 | Sep 2007 | Aug 2007 | Jul 2007 | Jun 2007 | May 2007 | Apr 2007 | Mar 2007 | Feb 2007 | Jan 2007 | Dec 2006 | Nov 2006 | Oct 2006 | Sep 2006 | Aug 2006 | Jul 2006

Home > Bankruptcy News

Bankruptcy News Jun 2010

Bankruptcy filings jump 34.4%
Hawaii's rising bankruptcy cases have dampened the economic forecast, which was brightened in recent weeks by improving tax revenue and tourism numbers. (Tue, 01 Jun 2010 04:41:02 -0700)

Bankruptcy Filings Continue to Increase in Arizona
According to the United States Courts official website, bankruptcy rates continue to increase across the nation. (Wed, 02 Jun 2010 00:01:00 -0700)

Bankruptcy Filings Continue to Increase in Arizona
According to the United States Courts official website, bankruptcy rates continue to increase across the nation. Arizona ranks number one for highest increase in bankruptcy filings from 2009 to 2010. To help Arizonas citizens in financial distress, Jackson White Law continues to offer free bankruptcy consultations through their two Arizona bankruptcy attorneys (http://www ... (Wed, 02 Jun 2010 00:15:05 -0700)

Fact Check: Attacking Pensions Through Bankruptcy?
Statement: "They've been through bankruptcy and the federal judge in his opinion stated that you could roll back existing pensions," San Diego District 8 City Council candidate B.D. Howard s (Wed, 02 Jun 2010 08:49:00 -0700)

Los Angeles may not be able to file for bankruptcy
A bill that clamps down on municipal bankruptcy filings is headed for Gov. Schwarzenegger's desk, which is bad news for Los Angeles and other cash-strapped California cities. (Wed, 02 Jun 2010 11:31:00 -0700)

Bankruptcy and its effects on the valley's economy
It should come as no surprise that as the economy worsens, more businesses go belly-up. Thats exactly whats happening in Nevada. Bankruptcy filings in April spiked almost 14 percent compared to last year. Experts say theyre seeing more people filing for bankruptcy. (Wed, 02 Jun 2010 16:01:28 -0700)

Thomas Kinkade firm files for bankruptcy
The filing for Pacific Metro, the artist's production company, comes one day after a $1-million payment is due to two former gallery owners who had won a judgment. One of Thomas Kinkade's companies filed for bankruptcy protection Wednesday, a day after a $1-million payment was due to former gallery owners who have tried for four years to collect on a judgment they won against the self-styled ... (Thu, 03 Jun 2010 04:53:54 -0700)

TNK-BP gas unit files for bankruptcy
A unit of the Russian-British oil venture that holds the license to a huge Siberian gas field has filed for bankruptcy, the company said Thursday, paving the way for the sale of one of the world's largest undeveloped gas assets. (Thu, 03 Jun 2010 05:59:54 -0700)

TNK-BP gas unit files for bankruptcy
A unit of the Russian-British oil venture that holds the license to a huge Siberian gas field has filed for bankruptcy, the company said Thursday, paving the way for the sale of one of the world's largest undeveloped gas assets. Bankruptcy - TNK-BP - Law - United States - Business (Thu, 03 Jun 2010 06:36:23 -0700)

TNK-BP Unit Seeks Bankruptcy as Gas Field Sale Fails
June 3 (Bloomberg) -- TNK-BP, BP Plc s Russian venture with a group of billionaires, said its Rusia Petroleum unit filed for bankruptcy amid a dispute with OAO Gazprom over a field with enough natural gas to supply Asia for about four years. (Thu, 03 Jun 2010 08:51:36 -0700)

Weigh Your Options Before Declaring Bankruptcy, Experts Say
While filing for bankruptcy might seem like the solution to all our problems, experts warn that it should be used with caution. (Thu, 03 Jun 2010 08:53:45 -0700)

Weigh Your Options Before Declaring Bankruptcy, Experts Say
While filing for bankruptcy might seem like the solution to all our problems, experts warn that it should be used with caution. (Thu, 03 Jun 2010 09:07:47 -0700)

Clune: Unforgiving bankruptcy laws need to change
THE countrys punitive bankruptcy laws must change to encourage more people to get involved in business. (Thu, 03 Jun 2010 18:12:23 -0700)

WaMu, General Growth, Hawkeye, Abitibi: Bankruptcy
(This report contains items about companies both in bankruptcy and not in bankruptcy. Adds U.S. Concrete and Fulton Homes in Updates; Alico Commons in New Filings; and Trump Entertainment, Citadel, and Lehman in Briefly Noted.) (Fri, 04 Jun 2010 06:32:22 -0700)

Back on stock market after bankruptcy protection
A handful of companies have done something returned to the stock market after a visit to bankruptcy protection. (Fri, 04 Jun 2010 07:30:13 -0700)

11 Milestones in GM's Year Since Bankruptcy
GM's one year anniversary of its bankruptcy filing is an occasion to review what's happened since that dramatic day in June 2009. TIME offers a look at GM's big moments, its accomplishments, its changing leadership and its many remaining challenges (Fri, 04 Jun 2010 09:35:10 -0700)

WaMu bankruptcy advisers raking in the dough
Through April 30, the fees and expenses billed by 26 court-approved professional firms totaled $102.8 million, according to a regulatory filing by Washington Mutual Inc. (WMI) last week. (Fri, 04 Jun 2010 12:12:30 -0700)

A-Rod will have a say in Rangers bankruptcy case
FORT WORTH Yankees third baseman Alex Rodriguez, who is still owed nearly $25 million, was given a seat on the committee representing Rangers creditors during the team's bankruptcy case. (Sat, 05 Jun 2010 13:39:08 -0700)

Filing bankruptcy: How to go broke without breaking down
What you need to know if you're drowning in debt Personal bankruptcies are again at record levels in Central Florida, so odds are you or someone you know is drowning in debt. (Sat, 05 Jun 2010 14:51:22 -0700)

WaMu's bankruptcy expenses top $100M
Washington Mutual's bankruptcy case has run up more than $100 million in fees for attorneys and other advisers, and the meter likely will be running for many months to come. (Sat, 05 Jun 2010 22:05:52 -0700)

Recent bankruptcy filings by Washington, D.C., area firms
These firms recently filed with the U.S. Bankruptcy Court's local clerk of court offices. Washington DC - United States - Law - Services - Lawyers and Law Firms (Sun, 06 Jun 2010 21:00:00 -0700)

Developer's bankruptcy questioned
The two main adversaries in the Carolina Park bankruptcy spectacle have sized each other up. Now, they're preparing to exchange blows in the opening round of their high-stakes legal slug-fest. (Sun, 06 Jun 2010 21:31:35 -0700)

River Vale Country Club sale put on hold by involuntary bankruptcy effort
The foreclosure sale of the troubled River Vale Country Club has been put on hold by three creditors seeking to push the club's owner into bankruptcy. (Sun, 06 Jun 2010 23:21:08 -0700)

EDITORIAL: City bankruptcy bill should be defeated
If anyone needs additional proof that majority Democrats in the California Legislature are out of touch and dangerously beholden to public employee unions, look no further than Assembly Bill 155 by Assemblyman Tony Mendoza, a Democrat from Artesia. (Mon, 07 Jun 2010 07:10:29 -0700)

NJ Housewife Teresa Giudice: Bankruptcy Is a 'Fresh Start'
The reality star tells PEOPLE that she and her husband Joe are in the process of "learning from our mistakes" (Mon, 07 Jun 2010 14:39:00 -0700)

Justices Rule on Bankruptcy, Procedure, Prisons, but Not Hillary Clinton
The U.S. Supreme Court on Monday inched toward the end of the term with three decisions in the areas of bankruptcy, procedure and prison law. Also, the justices dismissed a lawsuit against Hillary Rodham Clinton that argued she was ineligible to serve as Secretary of State; in addition, they denied review of a closely watched challenge to the federal No Child Left Behind education law. (Tue, 08 Jun 2010 00:01:54 -0700)

After smooth exit from bankruptcy, Cooper-Standard aims to grow, hire
Novi auto supplier Cooper-Standard entered bankruptcy protection and exited in a unique situation -- it was profitable. Cooper-Standard, born as an offshoot of Cooper Tire & Rubber, exited Chapter 11 late last month, having posted a $3.4-million profit between January and March. Now, it's hiring and on the prowl for acquisitions. (Tue, 08 Jun 2010 00:23:39 -0700)

Money Matters: Weigh your options before declaring bankruptcy, experts say
While filing for bankruptcy might seem like the solution to all our problems, experts warn that it should be used with caution. YNN's Tara Lynn Wagner filed the following Money Matters report. (Tue, 08 Jun 2010 02:37:48 -0700)

No place for filer's remorse in bankruptcy
Once you file bankruptcy, go through with it. It's on your credit report for 10 years anyway. (Tue, 08 Jun 2010 05:36:06 -0700)

Jersey Real Housewife files for bankruptcy
Teresa Giudice has flaunted her seeming wealth on the show, dropping thousands of dollars on clothes, spa trips and more. (Tue, 08 Jun 2010 08:20:11 -0700)

Ambac May File Pre-Packaged Bankruptcy as Regulators Limit Cash
Ambac Financial Group Inc. said it is considering filing a prepackaged bankruptcy because its unable to take dividends from its bond insurance unit to cover holding company expenses. (Tue, 08 Jun 2010 08:40:39 -0700)

Blockbuster Debt Falls as Bankruptcy Loan Offered, Analysts Say
June 8 (Bloomberg) -- Blockbuster Inc. debt tumbled to record lows as bondholders with the greatest claim on the assets of the worlds largest movie-rental chain seek control of its debt restructuring, analysts said. (Tue, 08 Jun 2010 12:34:27 -0700)

Valley bankruptcy filings fell in May
Valley bankruptcy filings fell for a second straight month in May but remained 35 percent higher compared with May 2009. (Tue, 08 Jun 2010 16:50:49 -0700)

Bankruptcy's no help for many
Instead of seeking protection from bankruptcy, a number of debt-laden Americans have gone into a "shadow economy," or informal bankruptcy. (Tue, 08 Jun 2010 18:31:23 -0700)

Take smart steps before filing for bankruptcy
If you're thinking about filing for bankruptcy, here are some things to consider. (Tue, 08 Jun 2010 18:46:00 -0700)

Willkie Adds to 'Bench' in Bankruptcy Practice
Willkie Farr & Gallagher has added two more partners to its bankruptcy practice in New York as the firm broadens its focus to include representing institutional creditors. The firm has hired Mary Warren from Linklaters and Joseph Minias from Quinn Emanuel Urqhart & Sullivan. The new partners come two weeks after Willkie recruited a pair of partners from Kaye Scholer, including its restructuring ... (Tue, 08 Jun 2010 20:29:36 -0700)

Phoenix bankruptcy filings fall in May
Bankruptcy filings in the Phoenix metropolitan area fell in May for the second straight month. (Tue, 08 Jun 2010 21:33:42 -0700)

Greektown's bankruptcy exit may be delayed
Detroit -- Greektown Casino's exit from bankruptcy may be threatened by questions about how to regulate its new owners. (Tue, 08 Jun 2010 22:06:36 -0700)

Phoenix Bankruptcy Filings Fall in May
Phoenix bankruptcy filings down last month but still up 35 percent compared with May 2009 Bankruptcy - Law - Services - Lawyers and Law Firms - Bankruptcy Law (Tue, 08 Jun 2010 22:14:17 -0700)

Many in need avoiding bankruptcy filing
WASHINGTON, June 9 (UPI) -- Bankruptcy filings could reach 1.7 million this year, but just a fraction of those in need are taking that route, authorities said. (Wed, 09 Jun 2010 07:48:47 -0700)

Extended Stay Reveals Details of Bankruptcy Exit Plan
June 9 (Bloomberg) -- Extended Stay Inc., the hotel chain, filed a plan to exit bankruptcy after accepting an investment proposal from Centerbridge Partners, Paulson & Co. and the Blackstone Group. (Wed, 09 Jun 2010 08:10:50 -0700)

Bankruptcy list
Filed in U.S. Bankruptcy Court, Pittsburgh. (Wed, 09 Jun 2010 16:22:56 -0700)

Vulture Investors May Shield Prices in Bankruptcy
Distressed-debt investors shouldnt have to disclose the price or purchase date of their securities when they participate in bankruptcy cases, a U.S. judiciary advisory group said. (Wed, 09 Jun 2010 17:27:21 -0700)

What BP Bankruptcy?: BP Stock Jumps
After falling to a 14-year low on Wednesday on fears of an impending bankruptcy, BP shares are rebounding early on Thursday. (Thu, 10 Jun 2010 06:31:22 -0700)

Deep Debt & Bankruptcy: To File or Not to File Chapter 7 Bankruptcy?
Filed under: Personal Finance , Banking , Budget Almost 2 million Americans will file for bankruptcy this year. Should you be one of them? Filing for bankruptcy is expensive, complicated and time-consuming -- but it might be the right move. According to a recent study many Americans who should file for bankruptcy don't for one simple reason: It's too hard. Before 2005, filing Chapter 7 ... (Thu, 10 Jun 2010 14:16:04 -0700)

Bankruptcy Not On BP's Agenda
Analysts say the oil giant has deep enough pockets to survive Gulf spill, even if the dividend is a casualty. (Thu, 10 Jun 2010 21:57:53 -0700)

Asbestos Bankruptcy Conference to Highlight Garlock, Bondex and Automakers Bankruptcy Cases
Perrin Conferences, a national leader in hosting legal-based continuing education programs, announced that it is holding an Asbestos Bankruptcy Conference on June 21 at the Peninsula Hotel in Chicago. (Fri, 11 Jun 2010 00:00:00 -0700)

Possibility of BP Bankruptcy Due to Oil Claims Seen Remote For Now
The chances of BP declaring bankruptcy to deal with oil-spill claims are remote for now, bankruptcy professionals said, although that option would be open to the company if liabilities became ... (Fri, 11 Jun 2010 05:04:51 -0700)

Using bankruptcy law now won't help BP, its US workers or oil spill cleanup
Industry analysts say seeking protection under the bankruptcy law now won't help BP pay its US workers and retirees, nor the cleanup from the Gulf oil spill. (Fri, 11 Jun 2010 06:28:52 -0700)

Ambac Fears Bankruptcy
Ambac Financial Group once again announced that it might seek bankruptcy protection as it could default on its debt. (Fri, 11 Jun 2010 06:41:57 -0700)

No place for filer's remorse in bankruptcy
Dear Bankruptcy Adviser, Our house is being foreclosed on. We have filed for Chapter 7 bankruptcy while we try to have the home loan modified. My wife only has $5,000 of debt in her name, not including the house, and I'm thinking that if we get a mortgage modification , it doesn't make sense for her to file. (Sat, 12 Jun 2010 04:40:57 -0700)

Owner hit for filing bankruptcy too soon
Filing for bankruptcy is never easy but small-business owners who file should watch the timing of their actoin, says Fountain Valley enrolled agent Judee Slack of Slack Tax Inc. She gives an example in her monthly newsletter: In the specific case... (Sat, 12 Jun 2010 12:15:34 -0700)

Attorneys finding vexing issues in bankruptcy cases
As Arizona bankruptcy filings continue to mount, attorneys are noting some problem areas where debts aren't always discharged. (Sat, 12 Jun 2010 19:50:04 -0700)

Bankruptcy on the rise in Monroe and Pike counties
Bankruptcy filings have jumped 21 percent in Monroe County so far this year as the harsh economy, falling home prices and predatory loans have ripped into the financial health of Pocono residents. (Sat, 12 Jun 2010 21:10:59 -0700)

CBGB buyer files for bankruptcy
NEW YORK - THE company that bought the right to market the name of the legendary New York City rock club CBGB has filed for bankruptcy. In its punk heyday, CBGB hosted acts such as the Ramones, the Talking Heads, Patti Smith and Blondie. (Sun, 13 Jun 2010 02:19:51 -0700)

CBGB company files for bankruptcy protection
The company that took over the intellectual property rights to CBGB, the once legendary rock club in New York City that closed in 2006, has filed for bankruptcy protection. (Sun, 13 Jun 2010 07:16:19 -0700)

Blockbuster discussing bankruptcy lifeline
Blockbuster Inc. is trying to line up a $150 million lifeline in case the troubled video-rental chain files for Chapter 11 bankruptcy protection, according to a published report. Blockbuster - Chapter 11 Title 11 United States Code - Rental shop - Law - Bankruptcy (Sun, 13 Jun 2010 10:43:06 -0700)

Day care files for bankruptcy after federal investigation
The day care and Head Start center where a worker was fired for misconduct following an undercover federal investigation has filed for bankruptcy and had its license revoked by the state for tax delinquencies. The worker fired for not following proper procedures to verify parental income levels was employed and terminated by an organization called Day Care Services for Children. (Sun, 13 Jun 2010 20:07:50 -0700)

Recent bankruptcy filings by Washington area firms
These firms recently filed with the U.S. Bankruptcy Court's local clerk of court offices. United States - Law - Services - Lawyers and Law Firms - Bankruptcy Law (Sun, 13 Jun 2010 21:00:00 -0700)

Chrysler celebrates first post-bankruptcy year
One year after Chrysler Group LLC's government-funded exit from bankruptcy protection, CEO Sergio Marchionne is telling employees that the company has made progress but still has a long way to go. (Mon, 14 Jun 2010 01:14:16 -0700)

Trico Marine may file for bankruptcy protection
Trico Marine Services Inc. said it may not be able to avoid filing for Chapter 11 bankruptcy protection despite expanding its credit agreements, according to a Securities and Exchange Commission filing Monday. (Mon, 14 Jun 2010 07:08:43 -0700)

Tyrone Hospital Emerging From Bankruptcy
Tyrone Hospital is emerging from Chapter 11 bankruptcy. (Mon, 14 Jun 2010 07:16:17 -0700)

Blockbuster Tanks On Bankruptcy Fears
Blockbuster is seeking up to $150 million in emergency loans as it eyes a possible bankruptcy filing, according to The Wall Street Journal. (Mon, 14 Jun 2010 08:13:47 -0700)

Americans Avoiding Credit Card Bankruptcy Through Innovative Debt Relief Program
As credit card debt becomes a modern financial crisis, consumers are growing tired of sending a majority of their paycheck to the credit card companies. Bankruptcy appears to be the only option for those with credit card in the high upper double digits, but a relatively new debt relief program has evolved, helping thousands of Americans in credit card debt. read more (Mon, 14 Jun 2010 08:32:44 -0700)

Americans Avoiding Credit Card Bankruptcy Through Innovative Debt Relief Program
MIAMI, FL--(Marketwire - June 14, 2010) - As credit card debt becomes a modern financial crisis, consumers are growing tired of sending a majority of their paycheck to the credit card companies. Bankruptcy appears to be the only option for those with credit card in the high upper double digits, but a relatively new debt relief program has evolved, helping thousands of Americans in credit card ... (Mon, 14 Jun 2010 08:35:30 -0700)

Bankruptcy leaves customers wondering - Tue, 15 Jun 2010 PST
The owners of a Post Falls unfinished furniture store filed bankruptcy Thursday, angering customers who may have lost deposits for entertainment centers and bedroom sets that were never delivered. The Chapter 7 filing of Wayne and Delores Christensen, who did business as All Wood Furniture Co., listed 17 customers with claims of around $17,000 for furniture they did not receive. (Tue, 15 Jun 2010 00:09:08 -0700)

BP Bankruptcy Would Offer No Protection From Costs
BP Plc, whose potential liability for the Gulf of Mexico oil spill has lawmakers and analysts raising the specter of bankruptcy, would be unlikely to avoid paying claims by seeking court protection, restructuring experts said. (Tue, 15 Jun 2010 01:24:17 -0700)

Bankruptcy not the only option for unmanageable debts
LONDON, UNITED KINGDOM--(Marketwire - 06/15/10) - After Ministry of Justice figures showed that the number of bankruptcy petitions lodged by borrowers has increased significantly in recent years, financial solutions company Think Money said that this may reflect a greater awareness of the various options for tackling debt amongst the public. The company added that people with unmanageable debts ... (Tue, 15 Jun 2010 03:00:00 -0700)

Bankruptcy not the only option for unmanageable debts
LONDON, UNITED KINGDOM--(Marketwire - June 15, 2010) - After Ministry of Justice figures showed that the number of bankruptcy petitions lodged by borrowers has increased significantly in recent years, financial solutions company Think Money said that this may reflect a greater awareness of the various options for tackling debt amongst the public. (Tue, 15 Jun 2010 03:08:11 -0700)

Bankruptcy not the only option for unmanageable debts
After Ministry of Justice figures showed that the number of bankruptcy petitions lodged by borrowers has increased significantly in recent years, financial solutions company Think Money said that this may reflect a greater awareness of the various options for tackling debt amongst the public. read more (Tue, 15 Jun 2010 03:08:53 -0700)

Using land for a loan to avoid bankruptcy
Dear Bankruptcy Adviser, I am trying to avoid filing bankruptcy and need to know what would be the best place to borrow money on seven acres of land to pay off some debt and maybe get in better financial condition to be able to get my budget back on track. (Tue, 15 Jun 2010 04:11:07 -0700)

Does bankruptcy counseling help debtors establish a fresh start?
( University of Illinois College of Agricultural, Consumer and Environmental Sciences ) With a struggling US economy and a large number of employers downsizing their operations, many Americans are finding themselves in severe financial distress. In some cases, individuals decide their only solution is to file for bankruptcy. Angela Lyons, an associate professor of agricultural and consumer ... (Tue, 15 Jun 2010 08:33:09 -0700)

Does bankruptcy counseling help debtors establish a fresh start?
With a struggling U.S. economy and a large number of employers downsizing their operations, many Americans are finding themselves in severe financial distress. In some cases, individuals decide their only solution is to file for bankruptcy. The American Bankruptcy Institute reported 1.4 million consumer bankruptcy filings in 2009 and a 17.5 percent increase in the number of bankruptcy cases ... (Tue, 15 Jun 2010 08:52:41 -0700)

BP Bankruptcy Would Offer No Protection From Costs
June 15 (Bloomberg) -- BP Plc , whose potential liability for the Gulf of Mexico oil spill has lawmakers and analysts raising the specter of bankruptcy, would be unlikely to avoid paying claims by seeking court protection, restructuring experts said. (Tue, 15 Jun 2010 13:09:03 -0700)

Does Bankruptcy Counseling Help Debtors Establish A Fresh Start?
With a struggling U.S. economy and a large number of employers downsizing their operations, many Americans are finding themselves in severe financial distress. In some cases, individuals decide their only solution is to file for bankruptcy. (Tue, 15 Jun 2010 16:09:53 -0700)

Bankruptcy judge to rule by Friday on Sumner Regional sale
LifePoint Hospitals Inc. will have to wait a few more days to find out whether its offer to acquire Sumner Regional Health Systems receives approval from a bankruptcy judge. (Tue, 15 Jun 2010 16:12:37 -0700)

Rangers' creditors seek vote on bankruptcy plan
Some of the Texas Rangers' creditors on Tuesday sought a chance to vote on the club's bankruptcy plan, hoping to kill the team's proposed sale and restart the bidding process. U.S. Bankruptcy Judge D. Michael Lynn is expected to rule next week on whether creditors, owners or both will be able to vote on the plan. (Tue, 15 Jun 2010 18:06:28 -0700)

Rangers Creditors Seek Vote on Bankruptcy Plan
Some of the Texas Rangers' creditors on Tuesday sought a chance to vote on the club's bankruptcy plan, hoping to kill the team's proposed sale and restart the bidding process. (Wed, 16 Jun 2010 03:42:37 -0700)

Bankruptcy judge in Tribune case orders JPMorgan to provide information sought by lenders
DOVER, Del. - The judge in the Tribune Co.'s bankruptcy case has ordered JPMorgan Chase to turn over information sought by a group of lenders who oppose the company's reorganization plan. (Wed, 16 Jun 2010 10:29:46 -0700)

Tribune bankruptcy judge orders info from J.P. Morgan
(AP) The judge in the Tribune Co.'s bankruptcy case has ordered JPMorgan Chase to turn over information sought by a group of lenders who oppose the company's reorganization plan. The lenders told the judge Wednesday that JPMorgan should provide the names and addresses of current holders of ... (Wed, 16 Jun 2010 11:04:59 -0700)

Bankruptcy list
Filed in U.S. Bankruptcy Court, Pittsburgh. (Wed, 16 Jun 2010 16:45:13 -0700)

BoomBustBlog Bankruptcy Search: Focus on British Petroleum and Collateral Damage
In continuing our search for potential bankruptcy candidates (see part 1, The BoomBustBlog Pan-European Sovereign Debt Crisis Bankruptcy Search US Banks ), we would be remiss in ignoring the malaise that is currently British petroleum and their drilling partners. I have just released a report to subscribers (see end of post) laying out our empirical analysis of the probability of insolvency ... (Thu, 17 Jun 2010 03:52:31 -0700)

Chunk of UE site changes hands in bankruptcy fallout
After a ruling in a U.S. Bankruptcy Court in Nevada, it looks as if a University Estates (UE) affiliate has secured over 600 acres of land within the development site that has been the center of controversy over the past year. U.S. Bankruptcy Court District of Nevada Judge Robert C. Jones granted a motion on May 17 from Chapter 7 Trustee William A. Leonard, Jr., to sell the land in question to ... (Thu, 17 Jun 2010 05:29:52 -0700)

Washington Mutual tells bankruptcy judge it's working to get information to shareholders
WILMINGTON, Del. - A judge has delayed key hearings in Washington Mutual Inc.'s bankruptcy as the company tries to satisfy shareholders seeking information about its reorganization plan. (Thu, 17 Jun 2010 09:30:00 -0700)

Bankruptcy judge approves Visteon arrangements with bond holders, schedules disclosure hearing
WILMINGTON, Del. - A bankruptcy judge in Delaware has approved key financial arrangements between auto parts supplier Visteon Corp. and bond holders who are fighting secured lenders for control of the company. (Thu, 17 Jun 2010 10:29:54 -0700)

Utah Bankruptcy Law Center Established
Utah Bankruptcy Law Center has opened a principal office in Salt Lake City. The organization was founded to battle the rising tide of banks and credit card companies who prey on vulnerable consumers, and to help the exploited curb skyrocketing medical costs that result from little or no health insurance. (Thu, 17 Jun 2010 10:55:00 -0700)

In bankruptcy, success can mean many things
Ask lawyers how many businesses they have successfully steered through bankruptcy and they will inevitably turn the question on its head. First of all you have to ask, what does success mean? said Lawrence D. Coppel, a Baltimore attorney who is the founder and first president of the Bankruptcy Bar Association for the District of [...] (Thu, 17 Jun 2010 16:11:07 -0700)

Bankruptcy trustee lowers boom on a Hecker holding company
In an unusual move, the bankruptcy trustee handling the personal bankruptcy of fallen auto dealer Denny Hecker put one of Hecker's holding companies into bankruptcy Thursday and noted that Chrysler Financial is the legitimate creditor, not a bank in North Dakota. (Thu, 17 Jun 2010 19:14:45 -0700)

Bankruptcy Law Center opens Salt Lake office
SALT LAKE CITY The Bankruptcy Law Center has opened an office in Salt Lake City to assist consumers who are... (Fri, 18 Jun 2010 12:07:30 -0700)

Bankruptcy talk at Tompkins library on June 22
Tompkins County Attorney Jeff Coleman will give a free workshop, "Can bankruptcy law solve your financial problems?" at 7 p.m. Tuesday in the Borg Warner Room of the Tompkins County Public Library, 101 E. Green St. (Fri, 18 Jun 2010 16:22:44 -0700)

Caterer loses high court bankruptcy case
A Hazleton area caterer lost her bankruptcy case, but the U.S. Supreme Court won't stop Nadejda Reilly from trying to save her stove, coffee maker and other kitchen equipment from the auctioneer.A 6-3 decision handed down Thursday settles the case that (Fri, 18 Jun 2010 19:54:58 -0700)

Founder out as KeyLime Cove emerges from bankruptcy
GURNEE -- KeyLime Cove, the $137-million indoor water park resort, has emerged from bankruptcy, according to Dale McFarland, general manager.The 65,000-square-foot water resort with a 414-room hotel and six eateries filed for reorganization under Chapter 11 bankruptcy on Dec. 16, 2009. A consortium of banks is the new owner who has put together a new management team. D.W. "Famous Dave" Anderson ... (Sat, 19 Jun 2010 02:01:31 -0700)

Bankruptcy laws need reform to protect workers
Re: Lunney not representing constituency, June 3. (Sat, 19 Jun 2010 12:08:00 -0700)

Bankruptcy could end for FairPoint
As the regions telephone company awaits a decision by New Hampshire and neighboring states on its plan to get out of bankruptcy, its fair to say things are looking up for it or at least looking less down. Customer complaints about FairPoint service have declined sharply, almost back to the levels when Verizon owned the service. Broadband expansion finally seems on track. No obvious problems ... (Sun, 20 Jun 2010 03:41:20 -0700)

Greektown faces last-minute hurdles: Bankruptcy exit deadline nears
With a court-appointed deadline looming next week to complete the two-year bankruptcy for Greektown Casino Hotel, the casino's restructuring team is facing a flurry of last-minute hurdles. (Sun, 20 Jun 2010 17:20:28 -0700)

Bankruptcy petitions for June 21
The following are recent business bankruptcy petitions filed in U.S. Bankruptcy Court: Case Number: 10-34150 Calfee & Douglas Inc., City of Richmond Assets: $280,614 Liabilities: $595,408 Filing: Chapter 7 (liquidation) Case Number: 10-34202 Metis/America Marketing Inc., Henrico CountyAssets: Not available Liabilities: Not available Filing: Chapter 7 (liquidation) (Sun, 20 Jun 2010 21:14:46 -0700)

Atlanta Bankruptcy Attorney Launches New Website To Help Clients
With the ever increasing Bankruptcies in Georgia, the Sandberg Law Firm has developed a new website to help clients identify the key issues when filing for Bankruptcy. The new website has everything a client needs to get a firm understanding of the Sandberg filing process and where to get the help they need. Clients always have a myriad of questions about bankruptcy, such as dealing with ... (Mon, 21 Jun 2010 00:00:00 -0700)

Bulgaria's Largest Cities Register Boom of Bankruptcy Claims
The number of Bulgarian businesses which filed for bankruptcy in the last three quarters of 2009 is up 114%, according to data presented by the international credit risk management company Coface Bulgaria. (Mon, 21 Jun 2010 01:10:56 -0700)

(AFX UK Focus) 2010-06-21 08:50 Russian court orders start of Kovykta bankruptcy
MOSCOW, June 21 (Reuters) - A Russian regional court ordered on Monday the start of early bankruptcy proceedings against the owner of the giant Kovykta gas field, co-owned by BP and Russia-connected billionaires. The Irkutsk court of arbitration ordered to put Kovykta's licence holder, RUSIA Petroleum, under supervision, a court official told Reuters. BP's Russian venture, TNK-BP, has said this ... (Mon, 21 Jun 2010 01:17:14 -0700)

Renegade bankruptcy hearing postponed until Friday morning
MOCKSVILLE -- A U.S. Bankruptcy Court judge has rescheduled a hearing regarding Renegade Tobacco Holdings Inc. for 9:30 a.m. Friday in the federal courthouse at 101 S. Edgeworth St. in Greensboro. (Mon, 21 Jun 2010 21:00:00 -0700)

5th Circuit Finds Bankruptcy Judges Can Certify Class Actions but Nixes Wells Fargo Class
Although a Texas bankruptcy court had the authority to certify a class action against Wells Fargo, it stumbled in doing so. The 5th Ciruit found that the lower court had jurisdiction to certify a class of about 1,200 individuals who had filed for Chapter 13 bankruptcy and had mortgages held or serviced by the bank -- but the appeals court found that the questions of law and facts raised by the ... (Tue, 22 Jun 2010 00:02:13 -0700)

Rangers must change bankruptcy plan
FORT WORTH, Texas (AP) -- A bankruptcy judge says the Texas Rangers will have to change their bankruptcy plan to avoid having it killed by upset creditors. (Tue, 22 Jun 2010 12:56:16 -0700)

Judge says Rangers need to change bankruptcy plan
A bankruptcy judge says the Texas Rangers will have to change their bankruptcy plan to avoid having it killed by upset creditors. Bankruptcy - Texas Rangers - United States - Creditor - Law (Tue, 22 Jun 2010 14:04:58 -0700)

Rangers Expected To Change Bankruptcy Plan
A bankruptcy judge says the Texas Rangers will have to change their bankruptcy plan to avoid having it killed by upset creditors. In a ruling issued Tuesday, U.S. Bankruptcy Judge D. Michael Lynn in Fort Worth said creditors and team owners were adversely affected by the Rangers' plan. (Tue, 22 Jun 2010 14:45:31 -0700)

Rangers expected to change bankruptcy plan
The Texas Rangers will have to change their bankruptcy plan although not the amount the team owes to avoid having it killed by upset creditors, a federal bankruptcy judge said Tuesday. (Tue, 22 Jun 2010 16:11:04 -0700)

Bankruptcy reveals treasure in Gottschalks' company vault
For years, a nondescript wooden box sat forgotten in a vault at Gottschalks' corporate headquarters, its contents hidden behind a padlock. In the aftermath of the retail chain's bankruptcy and closure last year, longtime Gottschalks CEO Joe Levy whose great-aunt was the wife of company founder Emil Gottschalk found the box as he sifted through archives for a book and documentary film about ... (Tue, 22 Jun 2010 19:15:00 -0700)

Bankruptcy leaves residents up in air
The residents of Eagle View Development would like to know what the future holds. The landlord has filed bankruptcy and we do not own the lots we pay lot rent. (Wed, 23 Jun 2010 05:37:05 -0700)

The Rangers bankruptcy decision: maybe not as bad as it seemed yesterday
I've had a day to reflect and -- gasp! -- read the judge's decision in the Rangers bankruptcy case. It's still not great news for the team, but it's not as bad as it seemed at first blush yesterday. (Wed, 23 Jun 2010 05:38:21 -0700)

New bankruptcy rules as debt grows
NEW law modernises bankruptcy rules as a growing number of Australians get into financial strife through consumer debt. (Wed, 23 Jun 2010 22:00:43 -0700)

Philadelphia Newspapers Seeks to End Bankruptcy as Buyer, Union Negotiate
Philadelphia Newspapers LLC will seek bankruptcy court approval for its reorganization plan while the group buying its Philadelphia Inquirer and Daily News dailies for $139 million continues contract talks with unions. (Wed, 23 Jun 2010 22:13:38 -0700)

Bankruptcy laws modernised
Bankruptcy laws have been modernised under legislation passed by the Senate, as a growing number of Australians get into financial strife through consumer debt. (Wed, 23 Jun 2010 22:23:26 -0700)

New bankruptcy rules as debt grows
NEW laws have modernised bankruptcy rules as a growing number of Australians get into financial strife through consumer debt. (Wed, 23 Jun 2010 22:45:09 -0700)

Bankruptcy judge frees some funds to let ex-CalPERS official Villalobos run business
Former CalPERS board member Alfred Villalobos, facing accusations that he bribed pension fund officials, broke his silence Wednesday, persuading a bankruptcy judge to unfreeze some of his assets so he could reopen his business. (Thu, 24 Jun 2010 00:11:35 -0700)

Bankruptcy judge asked to approve $139M sale of Philadelphia Inquirer, Daily News to creditors
PHILADELPHIA - The contentious bankruptcy case of Philadelphia's two largest daily newspapers is moving toward a close with their expected sale to a group of banks and hedge funds. (Thu, 24 Jun 2010 08:45:52 -0700)

Bankruptcy judge orders mediation for Rangers, lenders
FORT WORTH, Texas A federal bankruptcy judge ordered the Texas Rangers and their angry creditors into mediation Thursday, pushing any resolution of the long-delayed sale dangerously close to a deadline that could be crucial to the teams playoff hopes. (Thu, 24 Jun 2010 22:30:28 -0700)

Bankruptcy judge approves Visteon disclosure plan
A Delaware bankruptcy court judge on Friday cleared the way for auto parts supplier Visteon Corp. to begin soliciting votes on its proposed reorganization plan, which would leave unsecured bond holders in control of the... (Fri, 25 Jun 2010 09:33:29 -0700)

Bankruptcy judge approves Visteon disclosure plan
A Delaware bankruptcy court judge on Friday cleared the way for auto parts supplier Visteon Corp. to begin soliciting votes on its proposed reorganization plan, which would leave unsecured bond holders in control of the company. Overruling objections from... Visteon - Bankruptcy - Delaware - Business & Technology - List of auto parts (Fri, 25 Jun 2010 09:50:47 -0700)

Texas Rangers bankruptcy judge OKs last sale hearing
A bankruptcy judge says the final hearing on whether to approve a plan to sell the Texas Rangers will not be delayed after all. (Fri, 25 Jun 2010 10:26:53 -0700)

Bankruptcy judge says decision on Rangers sale plans will not be delayed
FORT WORTH, Texas - A federal bankruptcy judge said Friday that a decision on the Texas Rangers' plan to repay creditors and sell the team will not be delayed after all, though he warned that the club's haste could jeopardize the plan's approval. (Fri, 25 Jun 2010 10:32:07 -0700)

Bankruptcy judge approves Visteon disclosure plan
A Delaware bankruptcy judge has cleared the way for auto parts supplier Visteon Corp. to begin soliciting votes on its proposed reorganization plan. (Fri, 25 Jun 2010 11:59:44 -0700)

Bankruptcy judge approves Visteon disclosure plan
WILMINGTON, Del. (AP) A bankruptcy court judge has cleared the way for auto parts supplier Visteon Corp. to begin soliciting votes on its proposed reorganization plan. (Fri, 25 Jun 2010 12:13:30 -0700)

Bankruptcy judge approves Visteon disclosure plan
A Delaware bankruptcy court judge on Friday cleared the way for auto parts supplier Visteon Corp. to begin soliciting votes on its proposed reorganization plan, which would leave unsecured bond holders in control of the company. (Fri, 25 Jun 2010 13:11:16 -0700)

Bankruptcy in Jacksonville; Brunell not alone
JACKSONVILLE, Fla. -- Former Jaguars quarterback Mark Brunell is filing for bankruptcy. But one local firm says Brunell has a lot of company in North Florida. (Fri, 25 Jun 2010 13:54:11 -0700)

Delaware bankruptcy court approves sale of Fuddruckers to Luby's
Cafeteria operator Luby's, Inc. announced that the United States Bankruptcy Court for the District of Delaware has approved the sale of substantially all of the assets of Fuddruckers, Inc., Magic Brands, LLC and certain of their affiliates (collectively, "Fuddruckers") to Luby's, Inc. for approximately $61 million in cash. (Sun, 27 Jun 2010 05:27:13 -0700)

GM, Texas Rangers, Bigler, Movie Gallery, Gloucester, Sumner: Bankruptcy
Weil Gotshal & Manges LLP , chief bankruptcy counsel for old General Motors Corp ., was docked almost $140,000 by the fee examiner for time spent reviewing the firms own time records. At a hearing tomorrow, the bankruptcy judge will pass on $14.7 million in fee requests by all professionals in the case for the period from Oct. 1 through Jan. 31. (Sun, 27 Jun 2010 21:24:43 -0700)

USA-Bankruptcy-Guide.com Launches Premier USA Bankruptcy Lawyer Directory
USA-Bankruptcy-Guide.com announces an exciting new bankruptcy marketing option for bankruptcy professionals with the launch of its innovative USA Bankruptcy Lawyer Directory. (Mon, 28 Jun 2010 04:00:00 -0700)

Delaware bankruptcy court approves sale of Fuddruckers to Luby's
Cafeteria operator Luby's, Inc. announced that the United States Bankruptcy Court for the District of Delaware has approved the sale of substantially all of the assets of Fuddruckers, Inc., Magic Brands, LLC and certain of their affiliates (collectively, "Fuddruckers") to Luby's, Inc. for approximately $61 million in cash. (Mon, 28 Jun 2010 04:58:34 -0700)

Brunell Lists Bankruptcy Liabilities, NFL Contract as Possible Future Earnings
JACKSONVILLE, Fla. -- Mark Brunell lists "possible NFL contract" in his bankruptcy filings, saying it could affect future earnings. (Mon, 28 Jun 2010 05:59:45 -0700)

Bankruptcy judge OKs Visteon plan
WILMINGTON, Del. (AP) A Delaware bankruptcy court judge cleared the way last week for auto parts supplier Visteon Corp. to begin soliciting votes on its proposed reorganization plan, which would leave unsecured bond... (Mon, 28 Jun 2010 06:10:29 -0700)

Bankruptcy judge OKs Visteon plan
WILMINGTON, Del. (AP) A Delaware bankruptcy court judge cleared the way last week for auto parts supplier Visteon Corp. to begin soliciting votes on its proposed reorganization plan, which would leave unsecured bond... (Mon, 28 Jun 2010 09:09:09 -0700)

Rangers Headed To Bankruptcy Court Monday
A bankruptcy judge scheduled a Monday hearing to decide whether to force the Texas Rangers and Major League Baseball to turn over certain documents to angry creditors trying to block the team's sale. Lenders are seeking more evidence to support their claims that the team filed for bankruptcy in bad faith, which would be a bankruptcy code violation. (Mon, 28 Jun 2010 12:43:51 -0700)

Bankruptcy judge orders Rangers' creditors, MLB to give each other documents in case
DALLAS - Major League Baseball and Texas Rangers' creditors trying to block the team's sale must hand over documents about actions and conversations that took place before the club filed for bankruptcy last month, a judge ordered Monday. (Mon, 28 Jun 2010 16:02:11 -0700)

Diocese Bankruptcy
DOVER, Del. (AP) - A Delaware bankruptcy judge says creditors in the Catholic Diocese of Wilmington's bankruptcy can try to lay claim to assets of... Visit WMDT.com for the full story (Tue, 29 Jun 2010 02:26:04 -0700)

Debtors' nightmare: divorce and bankruptcy
Dear Bankruptcy Adviser, My husband and I filed for divorce and have reached an agreement. However, since the agreement, my husband has been ill for some time and has high medical bills and credit card debt and has now lost his job. With these bills, he has stated that he is filing for bankruptcy. (Tue, 29 Jun 2010 04:41:13 -0700)

Delaware bankruptcy court approves sale of Fuddruckers to Luby's
Cafeteria operator Luby's, Inc. announced that the United States Bankruptcy Court for the District of Delaware has approved the sale of substantially all of the assets of Fuddruckers, Inc., Magic Brands, LLC and certain of their affiliates (collectively, "Fuddruckers") to Luby's, Inc. for approximately $61 million in cash. (Tue, 29 Jun 2010 05:28:44 -0700)

Divorce and bankruptcy: a primer
When one party in a divorce files bankruptcy, it can make a messy affair even messier. Find out why. (Tue, 29 Jun 2010 05:34:59 -0700)

Bankruptcy of Natick factory owner won't stop apartments
The bankruptcy filing by the owners of the Natick Paperboard Factory site won't derail plans to turn the parcel into apartments, but the project remains delayed by legal hearings. (Tue, 29 Jun 2010 06:28:07 -0700)

Nevada bankruptcy filings down slightly in May
Nevada bankruptcy filings posted a small decrease in May with fewer people seeking to repay their debt under Chapter 13 protection. (Tue, 29 Jun 2010 11:53:28 -0700)

Bankruptcy Claims Among Middle Class Increase During Great Recession
The percentage of individuals filing for bankruptcy who hold bachelor's or graduates degrees and earn more than $60,000 per year increased in 2009, indicating that the Great Recession is having a greater effect on middle class Americans, according to the 2009 Annual Consumer Bankruptcy Demographic Report released by the Institute for Financial Literacy, a non-profit financial counseling and ... (Wed, 30 Jun 2010 00:00:00 -0700)

Delaware bankruptcy court approves sale of Fuddruckers to Luby's
Cafeteria operator Luby's, Inc. announced that the United States Bankruptcy Court for the District of Delaware has approved the sale of substantially all of the assets of Fuddruckers, Inc., Magic Brands, LLC and certain of their affiliates (collectively, "Fuddruckers") to Luby's, Inc. for approximately $61 million in cash. (Wed, 30 Jun 2010 05:59:45 -0700)

Is bankruptcy right for you? Our 7-point checklist will tell you
A reader is fed up and is considering bankruptcy, but she doesn't know if it's wise for her. Our expert offers a 7-point checklist to help her make the right choice. (Wed, 30 Jun 2010 06:19:59 -0700)

Fisker gets bankruptcy court green light to buy Boxwood plant
Fisker Automotive Inc., has been cleared to take over the old General Motors assembly plant in Newport after a federal bankruptcy judge approved the $20 million sale. Fisker expects to invest $175 million over three years re-tooling the Boxwood Road plant, which opened in 1947. (Wed, 30 Jun 2010 06:56:33 -0700)

Bankruptcy list
Filed in U.S. Bankruptcy Court, Pittsburgh. (Wed, 30 Jun 2010 16:05:53 -0700)

U.S. Bankruptcy Court appoints Joel T. Marker new judge for Utah
SALT LAKE CITY The U.S. Bankruptcy Court has appointed a new judge for Utah. Joel T. Marker will be sworn in Thursday, and a public investiture will be held July 9 at the Frank E. Moss Federal Courthouse. Marker replaces Judge Judith A. Boulden, who retired. (Wed, 30 Jun 2010 16:39:00 -0700)

In bankruptcy, ousted exec Murray's downtown properties for sale
Three downtown properties - including two well-known commercial structures - will be sold to satisfy bankruptcy obligations of former city insurance executive Brian Murray.U.S. Bankruptcy Judge John Thomas recently approved the auctio (Wed, 30 Jun 2010 16:40:10 -0700)

In bankruptcy, ousted exec Murray's downtown properties for sale
Three downtown properties - including two well-known commercial structures - will be sold to satisfy bankruptcy obligations of former city insurance executive Brian Murray.U.S. Bankruptcy Judge John Thomas recently approved the auction of the Murray Bui (Wed, 30 Jun 2010 17:14:20 -0700)


Home Bankruptcy Guide Bankruptcy Resources Links About
© Copyright 101Bankruptcy.com. All rights reserved.