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Home > Bankruptcy News

Bankruptcy News Sep 2010

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Visteon cleared to exit bankruptcy
Van Buren Township-based Visteon Corp. has been cleared to exit bankruptcy protection by Oct. 1. After 15 months under bankruptcy protection, Visteon's revised reorganization plan was overwhelmingly supported by creditors and shareholders, and U.S. Bankruptcy Judge Christopher Sontchi signed off on it Tuesday. (Wed, 01 Sep 2010 06:00:03 -0700)

U.S. Consumer Bankruptcy Filings Fall 8 Percent in August, Institute Says
U.S. consumer bankruptcy filings fell 8 percent from July to 127,028 in August, the American Bankruptcy Institute reported. (Wed, 01 Sep 2010 14:09:42 -0700)

Harrisburg Bankruptcy Is ‘Real Option,’ Council Says
Bankruptcy “has become a real option” for Pennsylvania’s capital of Harrisburg, City Council Vice President Patty Kim said. (Wed, 01 Sep 2010 14:12:24 -0700)

Area bankruptcy filings rise in Aug., buck trend
BLADE STAFF Bankruptcy filings across northwest Ohio rose in August, reversing a four-month trend in which the number of cases had been declining from last year. Last month had 785 filings, up 6 percent from the same month last year for the 21 Ohio counties within the U.S. Bankruptcy Court in Toledo. It was the highest number of filings for an August since 2005. Through the first eight months of ... (Wed, 01 Sep 2010 22:47:27 -0700)

Bankruptcy filings let up
The number of Hawaii residents filing for bankruptcy protection in August eased slightly from July, but cases remained above the 300 mark for the sixth month in a row. (Thu, 02 Sep 2010 04:31:01 -0700)

Bankruptcy Filings Fell Last Month
Personal bankruptcy filings fell in August, nearly erasing the rise in filings the prior month, a new report shows. (Thu, 02 Sep 2010 05:51:30 -0700)

Bankruptcy filings fall in August
The number of bankruptcy filings in New Hampshire dropped sharply in August compared to last month and a year earlier. It was second consecutive monthly decrease in what had been an unrelenting four-year climb in bankruptcy filings.There were 421 filings in August, according to unofficial figures, 52 fewer than July and 73 fewer than the previous August. That’s a monthly percentage drop of 11 ... (Thu, 02 Sep 2010 07:05:44 -0700)

US bankruptcy judge denies Innkeepers' sale plan
NEW YORK, Sept 2 (Reuters) - Innkeepers USA Trust's bankruptcy plan agreement with a Lehman Brothers Holdings Inc unit has been shot down by a judge after some creditors said it was unfair, according to a lawyer involved in the case. (Thu, 02 Sep 2010 11:58:44 -0700)

Bankruptcy judge says Houser’s Rome trial to continue
ATLANTA — A federal bankruptcy judge in Atlanta ruled Thursday that a civil case filed against a former Rome nursing home owner can continue today in Floyd County Superior Court. George D. Houser ... (Fri, 03 Sep 2010 02:07:38 -0700)

Wachovia, Bankruptcy Protection: Hot Trends
'Wachovia online banking' and 'bankruptcy protection' are the trending topics on Google and Yahoo. (Fri, 03 Sep 2010 06:13:37 -0700)

Bankruptcy Protection & Economic Teetering in a Strange Economy
Bankruptcy protection may be needed for the city of Harrisburg, Pennsylvania. It's just a sign of the times in a down economy, right? Dauphin County, which is a guarantor of Harrisburg bonds, has given permission to a bond trustee, TD Bank, to sue the city over $35 million it owes on bond payments for an incinerator project, the Central Pennsylvania Business Journal reported Thursday. These days ... (Fri, 03 Sep 2010 08:30:04 -0700)

Bankruptcy Case Frustrates Omaha Woman
An Iowa construction company with an Omaha office files for bankruptcy protection, leaving some small businesses in a money pinch. (Fri, 03 Sep 2010 20:05:57 -0700)

News comments: Only a bankruptcy judge can give Harrisburg the kind of help it needs
"It was a very good and informative meeting last night. Bankruptcy is not something to fear. It will actually give us taxpayers a safe haven, so to speak. Everything will have to be laid out and all parties will have to come to the table. (Sat, 04 Sep 2010 05:38:52 -0700)

'Real Housewives of New Jersey': Teresa Giudice, husband Joe accused of hiding income from bankruptcy court
Bankruptcy trustee says the couple never declared income from cookbook or online boutique (Sun, 05 Sep 2010 22:09:47 -0700)

eBay and Amazon Bookseller A1Books Closes Due to Bankruptcy
eBay and Amazon.com bookseller A1Books has ceased operations after its parent company Webnotions was forced into bankruptcy. (Mon, 06 Sep 2010 04:58:10 -0700)

Vallejo's bankruptcy won't stop firm from seeking cash
One of Vallejo's bondholders is not prepared to take the loss of three years' principal repayments and four years of interest as a result of the city's bankruptcy. (Mon, 06 Sep 2010 05:57:32 -0700)

Innkeepers, Tronox, Brown, Taylor Bean, Colonial: Bankruptcy
Innkeepers USA Trust didn’t properly carry out its duties to creditors, U.S. Bankruptcy Judge Shelley C. Chapman ruled last week. Chapman refused to approve an agreement that would have compelled Innkeepers, a real estate investment trust, to pursue a reorganization plan giving the stock to a subsidiary of Lehman Brothers Holdings Inc. (Mon, 06 Sep 2010 21:25:13 -0700)

eBay and Amazon Bookseller A1Books Closes Due to Bankruptcy
eBay and Amazon.com bookseller A1Books has ceased operations after its parent company Webnotions was forced into bankruptcy. Founder Shinu Gupta said he was attempting to raise funds when some of the company's vendors filed involuntary bankruptcy against it in April. (Tue, 07 Sep 2010 04:43:50 -0700)

A New Way for Less to Mean More
The bankruptcy process, which was originally aimed at giving succor to failing companies and offering creditors the opportunity for repayment, is now being used by now hedge funds and other large investors as a chance to purchase heavily discounted debt, on what is being referred to as the bankruptcy exchange. (Tue, 07 Sep 2010 04:57:37 -0700)

Mortgage company may take title to Vero Fashion Outlets in federal bankruptcy case settlement
VERO BEACH — Vero Fashion Outlets mall federal bankruptcy filing may be settled by its mortgage holder taking title to the mall for an undisclosed amount, according to a motion the mall’s attorney filed in court. (Tue, 07 Sep 2010 06:45:00 -0700)

Schutt Sports, in Bankruptcy, Sues Riddell Over $29 Million Patent Verdict
Schutt Sports, in bankruptcy, has sued Riddell Sports Group Inc. over a patent verdict. (Tue, 07 Sep 2010 07:39:43 -0700)

Bankruptcy filing aims to stall Pittsburgh Hilton Hotel foreclosure
The owner of the former Pittsburgh Hilton Hotel filed for bankruptcy protection Tuesday in a move to slow foreclosure proceedings by the hotel's mortgage holder. (Tue, 07 Sep 2010 08:00:49 -0700)

Downtown Hilton owners file for bankruptcy
The owner of the Hilton Pittsburgh filed for bankruptcy this morning, in essence blocking its lender from foreclosing on the Downtown hotel for the time being. (Tue, 07 Sep 2010 08:22:22 -0700)

Shubh Hotels Pittsburgh Files for Bankruptcy With Debt of $100 Million
Shubh Hotels Pittsburgh has filed for bankruptcy protection and says it owes creditors as much as $100 million. (Tue, 07 Sep 2010 08:39:44 -0700)

WaMu Bankruptcy Examiner Seeks More Time for Investigation of Bank Failure
Washington Mutual Inc.’s bankruptcy examiner asked a court to extend to Nov. 1 the deadline to file a report on the biggest U.S. bank failure. (Tue, 07 Sep 2010 08:59:40 -0700)

Bankruptcy Guru Offers Mortgage Fixes
Wilbur Ross has some ideas on how the government should fix the housing crisis. (Tue, 07 Sep 2010 13:58:27 -0700)

Judge grants bankruptcy protection to ailing Mexicana
A judge has granted bankruptcy protection to ailing Mexicana airline, which indefinitely suspended all its flights last month, judicial sources said Tuesday. (Tue, 07 Sep 2010 16:20:11 -0700)

Slowdown in Filings Fuels Competition for Bankruptcy Cases
Something new is hitting the bankruptcy bar: a slowdown. Just two years after the collapse of Lehman Brothers Holdings, the number of businesses filing for Chapter 11 is dropping off. Meanwhile, competition is heating up among firms eager to handle newly filed cases as recent years' large bankruptcy matters wrap up. Business bankruptcy filings nationwide fell 4 percent in the first six months of ... (Tue, 07 Sep 2010 21:08:04 -0700)

Washington Mutual, Nortel, Colonial BancGroup, Property Stays: Bankruptcy
Washington Mutual Inc. ’s bankruptcy examiner filed his preliminary report yesterday and won permission from the judge to extend the current Oct. 8 deadline for submitting his final report. (Tue, 07 Sep 2010 22:54:42 -0700)

Judge throws out Pitcairn bankruptcy filing
A judge in Wilmington threw out Pitcairn Properties' bankruptcy petition and denied a motion that would have given the Jenkintown real estate firm more time to maneuver in a fight for control against investors who are owed $58 million. (Wed, 08 Sep 2010 00:46:20 -0700)

Bankruptcy Watch: 10 Riskiest Hotel Stocks
These 10 hotel stocks are most likely to go bankrupt in the next two years, according to the Altman Z-Score. Find out which are the riskiest. (Wed, 08 Sep 2010 06:13:47 -0700)

Stitching Post bankruptcy case dismissed
DAYTON — A U.S. Bankruptcy Court judge has dismissed the Stitching Post’s Chapter 7 bankruptcy case for failure to file required documents.The case was officially closed on Friday, Sept. 3. (Wed, 08 Sep 2010 08:01:21 -0700)

Bankruptcy judge gives final approval to Circuit City liquidation plan
A federal bankruptcy judge this morning approved a final liquidation plan that will begin the process to get Circuit City's creditors paid. The plan is expected to go into effect by the end of the month. Once the plan goes into effect, a trustee will be put into place who ... (Wed, 08 Sep 2010 11:25:22 -0700)

Judge: Bankruptcy doesn't erase award in teen's killing
Jay Levin shot Mark Drewes in 2003 after the teen played a front-door prank Jay Levin cannot escape a $750,000 court-ordered judgment for fatally shooting a suburban Boca Raton teenager in 2003, a U.S. Bankruptcy Court judge has ruled. (Wed, 08 Sep 2010 16:30:28 -0700)

Bankruptcy list
Filed in U.S. Bankruptcy Court, Pittsburgh. (Wed, 08 Sep 2010 16:56:22 -0700)

Bankruptcy Judge slams Credit Suisse's 'greedy antics'
BILLINGS, Montana: A federal bankruptcy judge said he would not reward the "greedy antics" of financial giant Credit Suisse by ordering the repayment of a $229 million loan it arranged for Montana's exclusive Yellowstone Club. (Wed, 08 Sep 2010 18:22:10 -0700)

Judge OKs 2 deals in Hecker bankruptcy
U.S. Bankruptcy Judge Robert Kressel approved two settlement agreements Wednesday in Minneapolis that could reap millions of dollars for Denny Hecker's bankruptcy estate. (Wed, 08 Sep 2010 22:10:24 -0700)

Corporate bankruptcy: Costly and often worthless
Unsecured creditors of Lehman Brothers may have choked last week when Harvey Miller, the lead attorney on the bank's bankruptcy, told Congress that the final bill to unwind its sprawling claims would likely hit $2 billion and take two more years to settle. He also said some of those creditors might only collect twenty cents on the dollar for approved claims. (Thu, 09 Sep 2010 05:15:57 -0700)

Bankruptcy court delayed sheriff’s sale of Comfort Suites
The sheriff’s sale of a Comfort Suites hotel in Cumberland County was delayed by the bankruptcy proceedings for the property’s owner, Insite Development. (Thu, 09 Sep 2010 09:48:43 -0700)

Consumer bankruptcy costs said rising after reform law
People currently filing for Chapter 7 and Chapter 13 consumer bankruptcy protection are facing as much as a 55 percent cost increase as one result of the 2005 comprehensive bankruptcy reforms, says a new study published in the American Bankruptcy Institute Law Review. (Thu, 09 Sep 2010 13:58:54 -0700)

Bankruptcy court delayed sheriff???s sale of Comfort Suites
The sheriffs sale of a Comfort Suites hotel in Cumberland County was delayed by the bankruptcy proceedings for the propertys owner, Insite Development. (Thu, 09 Sep 2010 23:15:47 -0700)

Bankruptcy judge rejects bid for Sea Island
BRUNSWICK — A U.S. Bankruptcy Court judge rebuffed a late bidder Thursday that is offering about $199 million cash for the financially crippled Sea Island Co . U.S. Bankruptcy Court Judge John Dalis refused to allow the Starwood bid at this point in the process. If the company wants to buy Sea Island, it must wait until an Oct. 11 auction. Federal law requires such auctions to make sure that ... (Fri, 10 Sep 2010 00:10:24 -0700)

Bankruptcy judge won't allow new Sea Island offer
BRUNSWICK, GA. — A U.S. Bankruptcy Court judge refused to permit a late bid of about $199 million for the Sea Island Co. U.S. Bankruptcy Court Judge John Dalis on Thursday rebuffed the offer by Starwood Capital Group, which dropped out of the initial bidding. (Fri, 10 Sep 2010 07:22:13 -0700)

Bankruptcy Judge Won't Allow New Sea Island Offer
Bankruptcy judge rejects late $199 million bid for Georgia's Sea Island Co. Bankruptcy - Sea Island Georgia - Law - Services - Lawyers and Law Firms (Fri, 10 Sep 2010 07:44:08 -0700)

Bankruptcy judge rejects late bid for Sea Island
A U.S. Bankruptcy Court judge rejected a late bid of about $199 million for the resort company Sea Island, which entered bankruptcy protection last month. (Fri, 10 Sep 2010 08:38:49 -0700)

Judge Approves Sun Country Bankruptcy Plan
Judge approves bankruptcy reorganization plan for Sun Country Airlines Sun Country Airlines - Law - Services - Lawyers and Law Firms - Bankruptcy Law (Fri, 10 Sep 2010 13:14:07 -0700)

Bankruptcy for former car dealer, husband of county commissioner
A former Southland new-car dealer who years ago was at the center of a high-profile racial discrimination lawsuit has filed for bankruptcy, with his wife, a Cook County commissioner, partly on the hook for the millions he owes. Gerald Gorman, of Orland Park, used to sell Chryslers on Chicago's Southwest Side and Dodges in Midlothian and is the husband of Commissioner Elizabeth Doody Gorman (R ... (Sat, 11 Sep 2010 03:51:33 -0700)

Bankruptcy entangles county commissioner
A former south suburban new-car dealer has filed for bankruptcy, with his wife, a Cook County commissioner, partly on the hook for the millions he owes.Gerald Gorman, of Orland Park, used to sell Chryslers on Chicago's Southwest Side and Dodges in Midlothian, and is the husband of Commissioner Elizabeth Doody Gorman. While not technically a party to last month's bankruptcy filing, she's listed ... (Sat, 11 Sep 2010 05:00:33 -0700)

Bankruptcy For Cook County Commissioner's Husband
A former Southland new-car dealer who years ago was at the center of a high-profile racial discrimination lawsuit has filed for bankruptcy, with his wife, a Cook County commissioner, partly on the hook for the millions he owes. (Sat, 11 Sep 2010 08:19:42 -0700)

Bankruptcy filings continue to rise
The latest statistics show that in the 12 months from April 1, 2009, to March 31, 2010, a total of 1.5 million bankruptcy cases were filed. Thats 27 percent more than during the previous 12 months. (Sat, 11 Sep 2010 13:44:18 -0700)

Bankruptcy filings rose in August
The number of Phoenix-area bankruptcies jumped in August to 2,865 from 2,585 in July, ending a four-month downtrend, the U.S. Bankruptcy Court in Arizona reported. (Sat, 11 Sep 2010 18:24:04 -0700)

Bankruptcy petitions for Sept. 13
The following are recent business bankruptcy petitions filed in U.S. Bankruptcy Court: Case Number: 10-36024 Howerton Fine Furniture Inc., Mecklenburg County Assets: $0 to $50,000 Liabilities: $100,001 to $500,000 Filing: Chapter 7 (liquidation)Case Number: 10-36233 Meadwood Richmond Inc., Henrico CountyTrading as: Meadwood Supermarket Business: Convenience store Assets: $0 to $50,000 ... (Sun, 12 Sep 2010 21:19:34 -0700)

Island One Files for Bankruptcy After Florida Property Values, Sales Drop
Island One Inc. and five affiliates of the resort company filed for bankruptcy protection in Florida citing falling sales and declining property values. (Mon, 13 Sep 2010 07:24:52 -0700)

Bankruptcy Looming, Pa. Capital Sued Over Debt
Banks, insurer sue Pennsylvania capital city over incinerator debt as bankruptcy threatens Bankruptcy - United States - Services - Law - Lawyers and Law Firms (Mon, 13 Sep 2010 13:58:57 -0700)

Bankruptcy Filings are Down, Should this Form of Debt Resolution be the Last Resort?
Bankruptcy Filings Are Down but Still Higher Than Last Year. Should Bankruptcy Be a Last Resort is it as Damaging as We Are Lead to Believe? America's Legal System and Morgan Drexen Question the Process (Mon, 13 Sep 2010 17:00:00 -0700)

Bankruptcy Sale of Philly Newspapers in Danger
Bankruptcy court-approved sale of Philly newspapers could collapse over drivers' pension issue Bankruptcy - Newspaper - United States - Law - Philadelphia Inquirer (Mon, 13 Sep 2010 21:43:47 -0700)

Bankruptcy sale of Philly newspapers in danger
Philadelphia's two largest newspapers could go on the auction block — again — as lenders struggle to complete their purchase by Tuesday's deadline. (Tue, 14 Sep 2010 06:31:26 -0700)

Bankruptcy sale of Philly newspapers in danger
Bankruptcy court-approved sale of Philly newspapers could collapse over drivers' pension issue (Tue, 14 Sep 2010 06:42:00 -0700)

Bankruptcy sale of Philly newspapers in danger
Philadelphia's two largest newspapers could go on the auction block - again. (Tue, 14 Sep 2010 07:04:13 -0700)

Baby Boomers Disproportionately Represent in Bankruptcy Proceedings
Baby boomers are filing for bankruptcy at an increased rate, if you are considering filing, here is what you need to know.  (Tue, 14 Sep 2010 07:22:19 -0700)

Oklahoma bankruptcy filings lag national rate
Bankruptcy filings are rising sharply in Oklahoma and across the nation, but Oklahomans are filing at a rate less than the rest of the country. That's a major change from several years ago, when the state had among the highest per capita rates of personal bankruptcy filings. (Tue, 14 Sep 2010 20:25:30 -0700)

‘Old G.M.’ Struggles With the Scraps a Bankruptcy Left Behind
The General Motors bankruptcy gave birth to two different G.M.’s, and one of them is struggling in the shadow of the other. (Tue, 14 Sep 2010 20:43:13 -0700)

Lehman Defies Bankruptcy to Be a Business With Billions in Cash, Property
Lehman Brothers Holdings Inc. is a business again two years after declaring the biggest bankruptcy in history, with billions of dollars in cash, 500 employees, real estate and investments in other bankruptcies. (Tue, 14 Sep 2010 21:17:57 -0700)

Sacramento Bankruptcy Attorneys Helping Debtors Get Out Of Debt Faster and Easier
The experienced Bankruptcy Attorneys of Sacramento CA Cusick & Croddy have been helping people in financial troubles get out of debt faster and easier thanks to there new website and web video approach. (Wed, 15 Sep 2010 00:01:00 -0700)

Vallejo's bankruptcy creates stir with municipal analysts, bond holders
As Vallejo eases into its third and potentially final year in bankruptcy, the local effects of the Chapter 9 filing have seemingly leveled out.Nationally, however, the city's bankruptcy is still causing ripples and potentially setting precedents. (Wed, 15 Sep 2010 06:07:54 -0700)

Oklahoma bankruptcy filings lag national rate
Bankruptcy filings are up in Oklahoma and across the nation, but the rate at which Oklahomans are filing for bankruptcy protection has fallen behind the national rate, statistics show. (Wed, 15 Sep 2010 08:20:00 -0700)

Bankruptcy not option, Deal says
ATLANTA -- Republican gubernatorial hopeful Nathan Deal said today that "I'm not about to file bankruptcy" despite a looming $2.3 million business loan coming due in February. (Wed, 15 Sep 2010 12:04:15 -0700)

Bankruptcy fraud prosecutions down
WASHINGTON - Authorities prosecuted the fewest number of people and companies for criminal bankruptcy fraud this year since at least 1986, even as filings rose amid the economic crisis. (Wed, 15 Sep 2010 13:59:46 -0700)

Deal says bankruptcy not an option, obligations will be met
Deal says bankruptcy not an option, obligations will be met (Wed, 15 Sep 2010 15:01:09 -0700)

Bankruptcy list
Filed in U.S. Bankruptcy Court, Pittsburgh. (Wed, 15 Sep 2010 16:47:02 -0700)

Oklahoma bankruptcy filings lag national rate
Personal bankruptcy filings are up in Oklahoma and across the nation, but the rate at which Oklahomans are seeking court protection has fallen behind the national rate, statistics show. (Thu, 16 Sep 2010 01:20:56 -0700)

Majestic Star's bankruptcy could confuse license renewal
Majestic Star Casino's bankruptcy could complicate things today when the Indiana Gaming Commission decides whether to renew the company's twin riverboat gambling licenses in Gary. The Gary City Council is ready to send the casino and its owner, Don Barden, packing. Even Gov. Mitch Daniels , who appoints the members of the Gaming Commission, had reservations about Majestic Star when he visited ... (Thu, 16 Sep 2010 02:01:26 -0700)

Bankruptcy Watch: Stocks Under $5
For these stocks trading for less than $5, a bankruptcy filing within two years is a probability. (Thu, 16 Sep 2010 03:43:37 -0700)

Bankruptcy for SoCal hospital, but no layoffs
VICTORVILLE, CALIF. — A Southern California high desert hospital has filed for Chapter 11 bankruptcy protection. (Thu, 16 Sep 2010 08:52:24 -0700)

Bankruptcy for SoCal hospital, but no layoffs
A Southern California high desert hospital has filed for Chapter 11 bankruptcy protection. Officials with Victorville's 101-bed Victor Valley Community Hospital blame the California budget impasse in part for their financial woes, saying the state owes it $... Southern California - Victorville California - California - High Desert - United States (Thu, 16 Sep 2010 09:05:28 -0700)

Bankruptcy Filings Are Down Should This Form of Debt Resolution Be the Last Resort.
Orange County - Bankruptcy Filings Are Down but Still Higher Than Last Year. Should Bankruptcy Be a Last Resort is it as Damaging as We Are Lead to Believe? (Thu, 16 Sep 2010 16:10:07 -0700)

Bankruptcy filings
These are new cases, according to court records, that were filed in the Chattanooga and Winchester offices of U.S. Bankruptcy Court’s Eastern District of Tennessee Sept. 9-15: (Thu, 16 Sep 2010 21:15:13 -0700)

Deal son-in-law had previous bankruptcy
Nathan Deal’s son-in-law Clinton Wilder had filed for bankruptcy four years before Deal agreed to co-sign for nearly $2.3 million in loans, The Atlanta Journal-Constitution has learned. (Fri, 17 Sep 2010 18:05:03 -0700)

SemGroup bankruptcy overseer to get nearly $44 million payout
The New York law firm that guided SemGroup LP through its 17-month bankruptcy trek has won court approval for the last of its total $42.2 million in fees and $1.6 million in expenses for representing the ... (Sat, 18 Sep 2010 00:39:33 -0700)

Visteon seeks $700 million in financing, plans to exit bankruptcy in fall
Dustin Walsh - Van Buren Township-based Visteon Corp. on Wednesday asked a federal bankruptcy court for approval of a $700 million bankruptcy exit financing plan. If the exit plan is approved by U.S. Bankruptcy Court in Delaware, Visteon plans to exit bankruptcy around the end of September or in October, said Julie Fream, vice president of global communications for the company. Court filings ... (Sat, 18 Sep 2010 14:03:25 -0700)

Bankruptcy court approves reorganization plan for Visteon Corp.
Dustin Walsh - The reorganization plan for Van Buren Township-based Visteon Corp. was approved today in U.S. Bankruptcy Court in Wilmington, Del. The $700 million exit plan, arranged by Morgan Stanley , involves a $500 million senior secured term loan and $200 million of senior secured asset-based revolving credit. Visteon will exit bankruptcy in the hands of its bondholders by Oct. 1, shedding ... (Sat, 18 Sep 2010 14:12:14 -0700)

Respected clerk for federal bankruptcy court has retired
After 30 years in the post, Richard Heltzel retired earlier this month as clerk of the Sacramento-based U.S. Bankruptcy Court for the Eastern District of California. (Sat, 18 Sep 2010 23:19:34 -0700)

Carrasco defends past bankruptcy in tight San Jose race
San Jose City Council candidate Magdalena Carrasco's personal bankruptcy five years ago has emerged as a campaign issue. She says she was struggling to care for her sick parents as well as her four children, and has paid off all her debts. (Sat, 18 Sep 2010 23:43:42 -0700)

Bankruptcy, 'option of last resort,' might not hurt Harrisburg
Bankruptcy might be the last resort for Harrisburg, but it might not be the worst thing that could happen to the capital city. (Sun, 19 Sep 2010 02:00:37 -0700)

Firms that recently filed for bankruptcy
These firms recently filed with the U.S. Bankruptcy Court's local court clerk's offices. Bankruptcy - Law - Services - Lawyers and Law Firms - Bankruptcy Law (Sun, 19 Sep 2010 14:56:00 -0700)

Gardere Bankruptcy Groups Earn National Honors in Best Law Firms Survey
Dallas - The Bankruptcy and Business Reorganization teams in the Dallas and Houston offices of Gardere Wynne Sewell LLP have earned Metropolitan “Tier One” rankings in U.S. News’ and Best Lawyers’ inaugural “Best Law Firms” survey. (Sun, 19 Sep 2010 17:29:19 -0700)

Henderson fights bankruptcy
Embattled Auckland property developer David Henderson is fighting the prospect of bankruptcy in the High Court at Auckland today, with the IRD opposing a scheme of arrangement he has agreed with other creditors. (Sun, 19 Sep 2010 20:31:05 -0700)

Bankruptcy Sept. 20
Business bankruptcies filed in August in U.S. Bankruptcy Court, Knoxville and Greenevill (Sun, 19 Sep 2010 21:00:00 -0700)

Las Vegas Monorail, Tronox, Orleans, Claims Trading, Tousa: Bankruptcy
While Las Vegas Monorail Co. won’t have a hearing on its proposed disclosure statement until Oct. 5, bondholders will be in bankruptcy court on Sept. 22 to argue the Chapter 11 reorganization plan is dead on arrival. (Sun, 19 Sep 2010 21:24:43 -0700)

Bankruptcy, 'option of last resort,' might not hurt Harrisburg
Bankruptcy might be the last resort for Harrisburg, but it might not be the worst thing that could happen to the capital city. (Mon, 20 Sep 2010 00:32:47 -0700)

Personal bankruptcy controversial means to stay afloat
CHICAGO — Cash-strapped, jobless and denied a loan modification, Del Phillips faced the same straits as millions of homeowners who risk losing their homes to mortgage lenders. (Mon, 20 Sep 2010 07:26:29 -0700)

The Backlash on Bankruptcy Fees
Stephen J. Lubben writes about bankruptcy and debt issues for DealBook. Amid some breathless reporting of the growing cost of the several pending “mega” Chapter 11 cases, I thought I might make my DealBook debut with a provocative question: Are we spending too much time worrying about Chapter 11 professional fees? (Mon, 20 Sep 2010 11:57:37 -0700)

Bankruptcy Exits Impeded by Value Spats, Lifland Says
Companies trying to rehabilitate themselves through bankruptcy are threatened by valuation fights among late-arriving investors, U.S. Bankruptcy Judge Burton Lifland told lawyers and judges at a conference in New York. (Mon, 20 Sep 2010 15:43:31 -0700)

O.C. bankruptcy filings rise 19% in August
Orange County individuals and businesses filed 1,654 bankruptcies in August, 19.3% more than a year earlier, according to the federal Bankruptcy Court for the Central District of California.It is the most bankruptcy filings in August for at least 11... (Tue, 21 Sep 2010 03:36:16 -0700)

New car loan after bankruptcy?
Dear Bankruptcy Adviser, After bankruptcy, what would help me repair my credit quicker -- reaffirming with my present car loan , or getting a new car and loan? (Tue, 21 Sep 2010 04:41:07 -0700)

Bankruptcy Watch: 8 Risky Casino Stocks
Casino stocks are at risk of bankruptcy, according to the Altman Z-Score. We reveal the odds on the sector's biggest players. (Tue, 21 Sep 2010 05:13:27 -0700)

Bankruptcy Watch: 3 Low-Risk Gaming Stocks
Slot machine makers are least at risk for a bankruptcy filings in the casino sector. (Tue, 21 Sep 2010 05:13:37 -0700)

Bankruptcy Paralegal Firm, Outsourced Paralegal Services, Hires New Paralegal with 11 Years Bankruptcy Petition Filing ...
Due to an increase in company growth and bankruptcy petition volume, Outsourced Paralegal Services has hired a new bankruptcy paralegal with eleven years of chapter 7 and chapter 13 petition filings to her credit. [PR.com] (Tue, 21 Sep 2010 07:30:29 -0700)

Bankruptcy Trustee Seeks Records in Hecker Case
The court-appointed bankruptcy trustee in the Denny Hecker case, Randy Seaver, is seeking records from Pawn America, Benilde St. Margaret, Payday Services, Prudential Insurance, and other companies involved in the case. (Tue, 21 Sep 2010 20:38:38 -0700)

Bankruptcy trustee hopes to sell closed hospital
This article has been read 0 times. A federal bankruptcy trustee will attempt to sell the closed Brownsville Tri-County Hospital to recover $1.3 million to settle the mortgage. (Wed, 22 Sep 2010 00:52:38 -0700)

Bankruptcy Seminar Thursday in Lakeland
A legal bankruptcy seminar will be hosted by Florida Rural Legal Services at 7 p.m. Thursday at Christ the King Episcopal Church, 6400 N. Socrum Loop Road, Lakeland. The seminar is free for those who qualify for low-income legal services. Pre-registration is required. Call 863-688-7376, ext. 3019. (Wed, 22 Sep 2010 01:10:04 -0700)

Blockbuster Bankruptcy Nears
Blockbuster's bankruptcy filing is coming any day, according to reports. (Wed, 22 Sep 2010 06:45:43 -0700)

Blockbuster Bankruptcy: $1 Billion Debt Too Large to Overcome
Blockbuster Bankruptcy filings appear to be on track with estimates made late in August, all of which point to the plans for the company to file chapter 11 filings in mid-September, 2010. Blockbuster Inc., a fallen star in movie rentals, has been meeting with Hollywood executives to prepare for bankruptcy, sources told the Los Angeles Times. The company plans to file for Chapter 11 ... (Wed, 22 Sep 2010 08:45:59 -0700)

Bankruptcy numbers drop
Bankruptcy numbers declined in Alberta in mid-summer to the lowest levels since late 2008, and Grande Prairie appears to be following that trend. Part of the reason could be people not nickel and diming themselves into the red.[...] (Wed, 22 Sep 2010 13:44:50 -0700)

Bankruptcy list
Filed in U.S. Bankruptcy Court, Pittsburgh. (Wed, 22 Sep 2010 16:48:58 -0700)

Bankruptcy, accusations in lawsuit
Locally owned Hackleman Brothers Commercial Construction filed for bankruptcy Monday amid accusations of bad dealings in the construction of an area church and growing debt. (Thu, 23 Sep 2010 01:47:56 -0700)

Blockbuster Files Bankruptcy After Online Rivals Gain
The world’s biggest movie-rental company filed for bankruptcy after failing to adapt its storefront model to online technology from rivals such as Netflix (Thu, 23 Sep 2010 03:23:55 -0700)

Blockbuster files for bankruptcy protection
Troubled video-rental chain Blockbuster Inc. filed for Chapter 11 bankruptcy protection, and said it plans to keep stores and kiosks open as it reorganizes. (Thu, 23 Sep 2010 04:43:25 -0700)

Blockbuster Busted: Bankruptcy for Rental Chain
Troubled video-rental chain Blockbuster Inc. is filing for bankruptcy protection but will keep its stores and kiosks open as it reorganizes. Blockbuster - Rental shop - United States - Bankruptcy - Law (Thu, 23 Sep 2010 04:44:07 -0700)

Bankruptcy Protection Papers Filed by by Blockbuster Inc.
Bankruptcy protection papers have been filed by the troubled video-rental chain Blockbuster Inc. but the company will keep its stores and kiosks open as it reorganizes. In a submission to the U.S. Bankruptcy Court in the Southern District of New York on Thursday, the company said it plans to recapitalize its balance sheet and transform its business model. Once a home entertainment powerhouse ... (Thu, 23 Sep 2010 05:00:16 -0700)

Blockbuster to slash debt via bankruptcy
Video rental chain Blockbuster Inc filed for bankruptcy protection on Thursday after years of struggling to compete with online and mail-order movie services. (Thu, 23 Sep 2010 05:13:17 -0700)

Bankruptcy, Similac Recall: Hot Trends
'Bankruptcy protection' and 'Similac recall' are the trending topics on Google and Yahoo. (Thu, 23 Sep 2010 05:58:51 -0700)

Bankruptcy protection filed by Blockbuster
Bankruptcy protection: In a submission to the U.S. Bankruptcy Court in the Southern District of New York on Thursday, Blockbuster said it reached an agreement with bondholders on a recapitalization plan. (Thu, 23 Sep 2010 06:44:22 -0700)

Blockbuster files for bankruptcy
Video rental chain Blockbuster Inc filed for bankruptcy protection on Thursday after years of struggling to compete with online and mail-order movie services such as Netflix Inc. (Thu, 23 Sep 2010 07:27:40 -0700)

Bankruptcy Protection: Blockbuster Files Chapter 11
Bankruptcy protection may breathe new life into troubled video rental chain Blockbuster as they refinance and reorganize, after filing Chapter 11 of the federal bankruptcy code on Thursday. (Thu, 23 Sep 2010 08:17:50 -0700)

Sea Island bankruptcy case moves forward
A bankruptcy judge cleared the way Thursday for creditors of the Sea Island Company to vote next month on the luxury resort operator's plan to emerge from Chapter 11 protection by selling its holdings for at least $197.5 million. Lenders owed more than $600... Chapter 11 Title 11 United States Code - Sea Island Georgia - United States - Creditor - Law (Thu, 23 Sep 2010 12:20:47 -0700)

Blockbuster seeks turnaround in bankruptcy
Video chain Blockbuster Inc filed for bankruptcy protection on Thursday, battered by online and mail-order services such as Netflix Inc that have transformed how customers rent movies. (Thu, 23 Sep 2010 12:39:44 -0700)

Trading a Stock in Bankruptcy: 5 Facts
The Blockbuster bankruptcy hasn't slowed down trading activity in shares of the distressed video rental company. Here are 5 important things to know about trading shares of a Chapter 11 bankruptcy company. (Thu, 23 Sep 2010 12:58:37 -0700)

Blockbuster Wins Interim Approval of Bankruptcy Loan
Blockbuster Inc., the movie-rental company that filed for bankruptcy today, won court permission to draw $20 million of a $125 million loan that will let it operate while it reorganizes to emphasize online rentals. (Thu, 23 Sep 2010 13:08:59 -0700)

Blockbuster Takes Bankruptcy To Reduce $1B Debt
Slow to move with the digital revolution, Blockbuster has filed for Chapter 11 bankruptcy. The move was widely expected as competitors like Netflix continue gaining momentum with streaming television and movie services. (Thu, 23 Sep 2010 14:10:12 -0700)

The Fallout From Blockbuster’s Bankruptcy
Stephen J. Lubben writes about bankruptcy and debt issues for DealBook. The company amusingly insists on referring to the bankruptcy filing as its “recapitalization,” but Blockbuster has long seemed likely to join MGM as this year’s most obvious company to slide toward bankruptcy court. (Thu, 23 Sep 2010 14:57:37 -0700)

Blockbuster files for bankruptcy
US video rental giant Blockbuster declared bankruptcy on Thursday, falling victim to digital delivery of movies by Netflix and kiosk outlets such as Redbox. (Thu, 23 Sep 2010 18:35:41 -0700)

Philadelphia Inquirer, MCP, Blockbuster, Tronox: Bankruptcy
Philadelphia Inquirer lenders won a bankruptcy court auction for the newspaper and its sister publication with a high bid of $105 million, outbidding Raymond Perelman, father of billionaire Ronald Perelman. (Thu, 23 Sep 2010 21:44:35 -0700)

New storm clouds over Tribune bankruptcy
Emergence of New York hedge fund Aurelius Capital Management lengthens odds of an easy settlement When U.S. Bankruptcy Judge Kevin Gross stepped up to mediate a settlement in Tribune Co.'s fractious Chapter 11 case early this month, most observers gave him slim odds of success. (Sat, 25 Sep 2010 11:28:46 -0700)

MGM Most Likely Casino Bankruptcy, Poll Says
MGM Resorts is the casino most likely to file bankruptcy over the next two years, according to investors. (Sun, 26 Sep 2010 06:13:27 -0700)

Tribune bankruptcy odyssey takes a new twist
A hedge fund that's heavily invested in the media firm's junior debt could throw a wrench into mediation talks, which begin Sunday. When U.S. Bankruptcy Judge Kevin Gross stepped up to mediate a settlement in Tribune Co.'s fractious Chapter 11 case earlier this month, most observers gave him slim odds of success. (Sun, 26 Sep 2010 08:29:08 -0700)

Takefuji May File for Bankruptcy, Nikkei Reports; Rivals Slump
Takefuji Corp. may file for bankruptcy protection, according to the Nikkei newspaper, in what would make it the biggest casualty of Japan’s four-year crackdown on consumer lenders. (Sun, 26 Sep 2010 20:08:15 -0700)

Takefuji May File for Bankruptcy, Nikkei Reports
Takefuji Corp. may seek bankruptcy protection, according to the Nikkei newspaper, in what would make it the biggest casualty of Japan’s four-year crackdown on consumer lenders. (Sun, 26 Sep 2010 21:33:08 -0700)

Takefuji May File for Bankruptcy as Shares Put on Delist Watch
Takefuji Corp. may file for bankruptcy as an option for restructuring itself, an official at the Tokyo Stock Exchange said as the bourse put the consumer lender’s shares on watch for possible delisting. (Mon, 27 Sep 2010 01:32:33 -0700)

Bankruptcy filings still on the rise
Combine the deepest and longest economic downturn since the Great Depression with a mortgage crisis and stricter bankruptcy laws, and you have Judy Meredith's situation. Meredith suffered a 40 percent plunge in her yearly income when her work hours were cut, and so with mounting credit-card debts and no immediate way out, she filed for bankruptcy. "Once my income fell, I started robbing Peter to ... (Mon, 27 Sep 2010 02:02:16 -0700)

Tips for considering bankruptcy
• Consider your situation carefully before filing for bankruptcy, since you'll face higher interest rates on subsequent loans and find loans harder to get. A bankruptcy remains on one's credit report for 10 years. But, within two to three years of bankruptcy, people find that their credit is much better than it was before the bankruptcy.• Talk with a credit counselor to see whether you can ... (Mon, 27 Sep 2010 02:15:57 -0700)

Jefferson County sewer crisis: Bankruptcy filing still on table
Bettye Fine Collins says the receiver can't remove that option. (Mon, 27 Sep 2010 06:39:18 -0700)

Takefuji to file for bankruptcy Tuesday: sources
Japan's Takefuji Corp (8564.T) plans to file for bankruptcy on Tuesday with $5.2 billion in debts, sources said, making it the biggest consumer lender to fail under the weight of court-ordered interest repayments and tighter lending rules. (Mon, 27 Sep 2010 19:55:30 -0700)

Blockbuster, Bear Island, Thompson, Old GM, Meruelo Maddux: Bankruptcy
Blockbuster Inc. , the movie rental chain, received interim approval from a bankruptcy judge yesterday for $45 million in financing from a promised loan that will grow to $125 million at the final hearing on Oct. 19. (Mon, 27 Sep 2010 21:44:56 -0700)

Takefuji to file $5.2 billion bankruptcy Tuesday: sources
Japan's Takefuji Corp (8564.T) will file for bankruptcy on Tuesday owing $5.2 billion, sources said, making it the biggest consumer lender to fail since courts ordered them to repay borrowers for excessive interest charges. (Tue, 28 Sep 2010 00:39:34 -0700)

Takefuji Fails in Japan’s Biggest Consumer-Lender Bankruptcy
Takefuji Corp. filed for bankruptcy protection, becoming Japan’s biggest casualty of a four-year crackdown on coercive lending to consumers. (Tue, 28 Sep 2010 02:02:50 -0700)

Takefuji Bankruptcy Negative for Sentiment
The bankruptcy of Japanese consumer lender Takefuji is likely a negative for consumer sentiment in Japan. (Tue, 28 Sep 2010 08:13:27 -0700)

A Bankruptcy Sale That Echoes G.M. and Chrysler
Stephen J. Lubben writes about bankruptcy and debt issues for DealBook. A year ago, I struggled to convey the message that the sales of General Motors and Chrysler under Section 363 of the Federal Bankruptcy Code were fairly routine stuff , given the past decade of Chapter 11 practice . I had limited success, especially given the host of commentators, many of them well-known bankruptcy experts ... (Tue, 28 Sep 2010 12:57:37 -0700)

Judge reopens bankruptcy filing by Deal's daughter, son-in-law
Judge reopens bankruptcy filing by Deal's daughter, son-in-law (Tue, 28 Sep 2010 17:41:02 -0700)

Harrisburg, Pennsylvania Votes for Bankruptcy Lawyers
The City Council of Harrisburg, Pennsylvania, capital of the sixth most-populous U.S. state, voted to hire lawyers to explore seeking bankruptcy protection. (Tue, 28 Sep 2010 19:41:29 -0700)

Harrisburg, Pennsylvania, Council Votes to Explore Bankruptcy
Pennsylvania’s capital city of Harrisburg, faced with $43 million in bond payments due before year-end, rejected a state-funded financial adviser and plans to seek advice on entering bankruptcy court protection. (Tue, 28 Sep 2010 21:26:19 -0700)

Tribune, Lehman, Visteon, Mexicana, Sea Island, Gemcraft: Bankruptcy
Publisher Tribune Co. announced yesterday that mediation resulted in agreement on a reorganization plan along the lines proposed earlier this month by creditors Oaktree Capital Management LP and Angelo Gordon & Co. LP. (Tue, 28 Sep 2010 21:54:43 -0700)

Many Cities Hold Off Declaring Bankruptcy
More than 500,000 American families have declared bankruptcy this year. So have airlines, car companies and other business. There are reports that the Pennsylvania capital Harrisburg is close to bankruptcy. David Wessel of The Wall Street Journal talks to Ari Shapiro about why it's less common for cities to declare bankruptcy. (Wed, 29 Sep 2010 02:25:42 -0700)

Bankruptcy for Luxury Travel Club Ultimate Escapes
Ultimate Escapes, whose 1,200 members paid at least $70,000 apiece for pampered holidays in villas and yachts from Tuscany to Costa Rica, is taking a trip to bankruptcy court. "Let me start off with the bad news," Chief Executive Officer Jim Tousignant, 49, began a Sept. 9 letter to members. The six-year-old club, he continued, was in default on a $90 million loan and "increasingly likely" to ... (Wed, 29 Sep 2010 05:08:42 -0700)

Harrisburg, Pennsylvania, Votes to Explore Bankruptcy
Pennsylvania’s capital city of Harrisburg, faced with $43 million in bond payments due before year-end, rejected a state-funded financial adviser and plans to seek advice on entering bankruptcy court protection. (Wed, 29 Sep 2010 12:11:19 -0700)

Deal says bankruptcy case has no effect on his debt, campaign
Deal says bankruptcy case has no effect on his debt, campaign (Wed, 29 Sep 2010 14:21:20 -0700)

NC estate, tourist site yanked in bankruptcy fight
An opulent estate popular with tourists was turned over to a trustee after a bankruptcy court examiner accused a tobacco executive of buying the Chinqua Penn Plantation with company money. (Wed, 29 Sep 2010 14:24:41 -0700)

Bankruptcy Court Approves Hecker Subpoenas
A bankruptcy judge has agreed to approve subpoenas in an effort to find out what Denny Hecker did with more than $150,000 in cash he obtained over the summer by cashing out insurance policies. (Wed, 29 Sep 2010 16:12:25 -0700)

ProtoStar, Centaur, South Bay, Gloucester, Boston Generating: Bankruptcy
ProtoStar Ltd., after its creditors’ committee reached an agreement with secured lenders, still faces opposition at an Oct. 6 confirmation hearing for approval of the settlement and its Chapter 11 plan. (Thu, 30 Sep 2010 03:45:35 -0700)

Judge reopens Deal family bankruptcy
Republican gubernatorial candidate Nathan Deal faced more questions about his finances Wednesday, after a federal judge reopened the bankruptcy case of his daughter and son-in-law a month before the November general election. (Thu, 30 Sep 2010 05:04:25 -0700)

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