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Home > Bankruptcy News

Bankruptcy News Mar 2011

Windowizards founder declares personal bankruptcy in Florida
In a move whose effect on consumers was unclear, the founder of the troubled Windowizards home-improvement company declared personal bankruptcy in Florida. But claims continued to be settled with Philadelphia-area customers with unfinished orders. (Tue, 01 Mar 2011 00:15:28 -0800)

Former Arrow CEO Pielsticker changes lawyers, seeks extension in bankruptcy case
Bankrupt Arrow Trucking Co.'s former president and CEO James Douglas Pielsticker has switched lawyers and asked a Dallas bankruptcy court for additional time to file bankruptcy schedules and a statement ... (Tue, 01 Mar 2011 00:28:14 -0800)

A Bankruptcy Success Story
A 70 year old local hardware store has struggled with some of the same issues many small town instit (Tue, 01 Mar 2011 07:13:42 -0800)

Blockbuster’s Proposed Bankruptcy Auction Opposed by Walt Disney
The proposed auction of Blockbuster Inc., the bankrupt movie-rental chain that agreed to a $290 million stalking-horse bid from a group of secured debt holders, is being opposed by Walt Disney Co. (Tue, 01 Mar 2011 07:47:07 -0800)

States Hate Bankruptcy Bill Talk
Governors have a message to congressional Republicans working to craft a state bankruptcy bill: You're killing our credit ratings just by talking about this. (Tue, 01 Mar 2011 15:59:00 -0800)

Local developer files for bankruptcy, sues Regions Bank
A local developer is taking its fight with Regions Bank to bankruptcy court.On Feb. 28, MDG Capital Corp. – a Naples-based commercial and residential developer – filed for Chapter 11 bankruptcy protection in federal court in Fort Myers. The bankruptcy involves five projects – all financed by Regions. But there are separate filings. “It’s not just a bankruptcy filing. We have a major lawsuit ... (Tue, 01 Mar 2011 17:11:00 -0800)

Bankruptcy Filings Ticked Up Last Month
Consumer bankruptcy filings ticked up in February, but so far the rise has slowed from 2010. (Wed, 02 Mar 2011 02:32:44 -0800)

Statewide bankruptcy filings slip 1% over course of year
Bankruptcy filings in Hawaii dipped last month, led by a nearly 4 percent drop in Chapter 7 bankruptcy liquidation cases. The 288 total filings were down 1 percent from 291 a year ago. (Wed, 02 Mar 2011 03:47:27 -0800)

Off-price retailer emerges from bankruptcy
Off-price retailer emerges from bankruptcy - Loehmann's in Costa Mesa/Jebb HarrisLoehmann's (Wed, 02 Mar 2011 08:48:11 -0800)

Bankruptcy Plan of Motors Liquidation Is Approved
The bankruptcy plan allows Motors Liquidation, the company that took over the bad assets of General Motors, to distribute stock and warrants to unsecured creditors who filed claims against it. (Wed, 02 Mar 2011 20:58:05 -0800)

US denounces Gbagbo's 'moral bankruptcy'
The United States on Thursday denounced Ivory Coast strongman Laurent Gbagbo's "moral bankruptcy" after his forces opened fire on a rally of hundreds of women demanding his ouster. (Thu, 03 Mar 2011 11:00:52 -0800)

GM's Bankruptcy Plan for Unwanted Businesses to Be Confirmed, Judge Says
General Motors Corp. ’s unwanted businesses won bankruptcy court approval to liquidate, subject to minor changes, paving the way for creditors to be repaid amid concern that they won’t be protected from volatility in new GM’s stock. (Thu, 03 Mar 2011 13:13:07 -0800)

U.S. judge to approve plan that pays GM creditors
A federal judge said on Thursday he would approve the bankruptcy plan for "Old GM," wrapping up one of the most complex Chapter 11 cases in U.S. history and paving the way for a distribution of General Motors stock and warrants to creditors. (Thu, 03 Mar 2011 16:36:03 -0800)

Its Essential To Get Bankruptcy Credit Counseling As Per New Bankruptcy Laws
Bankruptcy credit counseling has become compulsory with enactment of new bankruptcy laws in 2005. It is compulsory to submit the certificate availed on the completion of credit counseling in your petition file. And the credit agencies have to be approved by the Trustee who is appointed by the U.S. bankruptcy court.New bankruptcy laws are in effect from October 17, 2005. The major change in law ... (Fri, 04 Mar 2011 02:13:19 -0800)

Evans Oil keeps operations going, employees on payroll despite bankruptcy
A bankruptcy filing hasn’t drained the energy out of Evans Oil Co. LLC in Naples. In late January, the local petroleum distributor voluntarily filed for Chapter 11 bankruptcy protection in federal court in Fort Myers. A dispute with its largest lender spurred the filing, but it has been “business as usual,” owner and manager Randy Long said. (Fri, 04 Mar 2011 15:51:50 -0800)

Ex-Bannockburn trustee accused of bankruptcy fraud
Scheme used in attempt to stop foreclosure, court records say A former Bannockburn trustee tried to save his North Shore home from foreclosure by engaging in a fraudulent bankruptcy scheme that claimed a member of the 1985 Chicago Bears as a creditor, according to a federal indictment and bankruptcy court records. (Fri, 04 Mar 2011 18:20:45 -0800)

Andover state senator files for bankruptcy
A state senator who serves on the budget and banking committees has filed for personal bankruptcy. (Sat, 05 Mar 2011 22:06:19 -0800)

New Bankruptcy Law Makes Bankruptcy Credit Counseling Mandatory
New York - Bankruptcy credit counseling has become compulsory with enactment of new bankruptcy laws in 2005. It is compulsory to submit the certificate availed on the completion of credit counseling in your petition file. (Sun, 06 Mar 2011 15:02:17 -0800)

Judge to weigh rival plans in Trib bankruptcy case
A two-week hearing begins Monday to determine the fate of Tribune Co. more than two years after an ill-advised $8.2 billion buyout drove one of the oldest U.S. media companies into bankruptcy protection. (Sun, 06 Mar 2011 15:41:22 -0800)

Tribune bankruptcy nears finish line
Questions, answers as lawyers for media firm, creditors head to confirmation hearings in Delaware After 27 months of legal wrangling, Tribune Co. and its creditors are finally headed into what could be the deciding chapter of the company's tangled bankruptcy saga. (Sun, 06 Mar 2011 16:49:18 -0800)

Tribune bankruptcy Q & A
The Tribune bankruptcy saga might be heading into its final chapter. Confirmation hearings start Monday. Here's a Q & A to explain where the case stands. After 27 months of legal wrangling, Tribune Co. and its creditors are headed into what could be the deciding chapter of the company's tangled bankruptcy saga. (Sun, 06 Mar 2011 17:23:01 -0800)

Real face of bankruptcy looks nothing like Hecker
The fallen auto mogul gets headlines, but the real truth of bankruptcy is that ordinary people are blindsided by life. (Sun, 06 Mar 2011 21:22:35 -0800)

Bankruptcy, Sale May Steady Agency Conglomerate
Ad conglomerate Emak’s bankruptcy plan and sale of its toy business may end the fight for control of the company. (Mon, 07 Mar 2011 00:01:05 -0800)

Judge weighs rival plans in Trib bankruptcy
Attorneys for Tribune Co. and a rival group of creditors argued the merits of their competing reorganization plans for the media conglomerate Monday before a Delaware bankruptcy judge who must decide whether either one passes muster. (Mon, 07 Mar 2011 15:20:10 -0800)

New Stream's Cayman Fund Faces Involuntary Bankruptcy in Investor Petition
New Stream Secured Capital Fund (Cayman) Ltd. creditors filed a petition in Delaware court seeking to force it into involuntary bankruptcy, saying the fund owes $320 million to U.S. and Cayman creditors. (Mon, 07 Mar 2011 15:43:17 -0800)

Creditors warned as Tribune bankruptcy trial starts
The warring creditors in Tribune Co.’s bankruptcy case provided few surprises Monday as they fired their opening shots in litigation aimed at finally resolving a case that one lawyer said had come to resemble “water torture.” (Mon, 07 Mar 2011 16:22:34 -0800)

Tribune bankruptcy hearing begins
WILMINGTON, Del. – The warring creditors in Tribune Co.’s bankruptcy case provided few surprises Monday as they fired their opening shots in litigation aimed at resolving a case that one lawyer said had come to resemble “water torture.” (Mon, 07 Mar 2011 17:22:33 -0800)

Tribune bankruptcy confirmation hearing begins
Bankruptcy Judge Kevin Carey hints that he might reject rival proposals by junior and senior creditors. Lawyers say his statement is an attempt to get them to negotiate a global settlement of the protracted case. The warring creditors in Tribune Co.'s bankruptcy case fired their opening shots Monday in a court hearing aimed at resolving a case that one lawyer said had come to resemble "water ... (Mon, 07 Mar 2011 18:40:56 -0800)

No spousal equality in bankruptcy, SJC finds
Kirk and Janice Hundley, husband and wife, were equal in everything — home life, responsibilities. (Tue, 08 Mar 2011 02:30:17 -0800)

Bankruptcy Procedures
When he purchased the debt, Soni said he knew it was approximately two years and five months delinquent and the borrower, a limited liability company owned by Neman , was in bankruptcy. (Tue, 08 Mar 2011 08:47:48 -0800)

Tribune Adviser Denies Bankruptcy Settlement Tainted by Sam Zell Influence
The adviser, David S. Kurtz, a managing director of Lazard Freres & Co., testified today that he questioned Donald J. Liebentritt, Tribune’s chief restructuring officer, about his long relationship with Zell. (Tue, 08 Mar 2011 17:21:56 -0800)

How a bankruptcy filing can save your home
By the time the foreclosure notice arrives, most struggling homeowners figure they are out of options. But there is one more step, often overlooked but sometimes effective: bankruptcy. (Wed, 09 Mar 2011 04:57:55 -0800)

Dynegy warns of possible bankruptcy
The power firm faces debt payments and low prices for the electricity it produces. (Wed, 09 Mar 2011 05:17:17 -0800)

Dynegy warns it may have to file for bankruptcy
Dynegy Inc. may have to seek bankruptcy protection if it can't meet certain earnings requirements by its creditors this year, the power producer said in a regulatory filing. (Wed, 09 Mar 2011 07:48:49 -0800)

Dynegy warns it may have to file for bankruptcy
Dynegy Inc. said it may have to seek bankruptcy protection if it can't meet certain earnings requirements by its creditors this year. (Wed, 09 Mar 2011 13:25:54 -0800)

Bankruptcy court will decide today whether Blockbuster has a future
The Dallas-based video-rental giant will find out Thursday whether it gets one more chance to make a go of it. (Wed, 09 Mar 2011 20:57:10 -0800)

Bankruptcy - Choosing The Best Chapter
By John A. Moore, Esq. Nationwide (March 10, 2011) -- There are two bankruptcy chapters utilized by most individuals including Chapter 7 – Liquidation and Chapter 13 – Reorganization. (Thu, 10 Mar 2011 08:27:00 -0800)

New York Courts Tackle Insider Trading And Blockbuster Bankruptcy
Amid a market beating Thursday that saw the major indexes slide more than 1.5%, the financial community also has its eye on a pair of Manhattan courtrooms where the biggest insider trading trial in years is heating up and bankruptcy D-Day is at hand for a name-brand retail chain. (Thu, 10 Mar 2011 10:02:49 -0800)

Blockbuster, Studios Talking Amid Bankruptcy Auction Dispute
Bankrupt Blockbuster Inc., once the world’s largest movie-rental chain, is negotiating with movie studios as it seeks to propose a sale of its assets with broader creditor support, said Chief Financial Officer Dennis McGill. (Thu, 10 Mar 2011 11:45:44 -0800)

Legal scholar testifies on Tribune Co. bankruptcy
Opponents in bankruptcy case contend banks knew buyout was troubled but went along with it anyway — Lawyers and expert witnesses at confirmation hearings in Tribune Co.'s bankruptcy case began this week to address the complex question of when the Chicago-based media company became insolvent and who should have known about it. (Thu, 10 Mar 2011 20:22:22 -0800)

Innkeepers Seeks Bankruptcy Court Approval of Its Revised Asset Sale Plan
Innkeepers USA Trust asked permission to sell its bankrupt hotels under a revised deal that would require competing bidders to pay more than $978.7 million in cash for its hotels. (Fri, 11 Mar 2011 09:28:27 -0800)

JB's Family Restaurants files for bankruptcy
The Tempe-based chain reported assets of $7.3 million and liabilities of $10.3 million as of Dec. 30, 2010. (Fri, 11 Mar 2011 13:06:44 -0800)

Bankruptcy judge approves Majestic reorganization
The corporate parent of Majestic Star casinos and hotel in Gary took a key step Friday toward exiting from Chapter 11 bankruptcy protection. (Fri, 11 Mar 2011 14:50:57 -0800)

Bankruptcy court orders shutdown of Christy’s pub
NEW HAVEN — If you were planning to visit Christy’s on Orange after the St. Patrick’s Day parade Sunday, you’ll have to make different arrangements. (Fri, 11 Mar 2011 23:30:10 -0800)

No money for creditors in bankruptcy case with ties to former brewery
TUMWATER - A nearly 5-year-old bankruptcy case with ties to the former Olympia brewery is at or near its completion, and it appears that the case won't end well for creditors, according to court documents filed in the U.S. Bankruptcy Court for the Western District of Washington. (Fri, 11 Mar 2011 23:49:37 -0800)

Bankruptcy court orders shutdown of Christy’s pub in New Haven
NEW HAVEN — If you were planning to visit Christy’s on Orange after the St. Patrick’s Day parade Sunday, you’ll have to make different arrangements. (Sat, 12 Mar 2011 17:49:22 -0800)

Washington area bankruptcy filings for the week of March 14
These firms recently filed with the U.S. Bankruptcy Court's local court clerk's offices. (Sun, 13 Mar 2011 15:36:00 -0700)

Bankruptcy petition for 3/14
Bankruptcy petition for 3/14 (Sun, 13 Mar 2011 21:01:51 -0700)

Borders Plans to Exit Bankruptcy by Fall: Report
NEW YORK (TheStreet) - Borders hopes to exit bankruptcy protection by September, according to reports. In an interview with the Wall Street Journal, CEO Mike Edwards said the company plans to present a formal business plan to publishers and creditors by early April. Borders filed for bankruptcy last month, and as part of the plan announced it will shutter 200 stores. ... Click to view a price ... (Mon, 14 Mar 2011 05:17:06 -0700)

Tribune Co-President Testifies That Bankruptcy `Hampered, Hobbled' Company
Hartenstein said the bankruptcy has prevented the company from keeping up with the rest of the publishing industry by consolidating operations, and has prevented the company from effectively pursuing new ventures with potential media partners. (Mon, 14 Mar 2011 11:36:15 -0700)

Student loans available after bankruptcy
Government-sponsored student loans are best for financing education after a bankruptcy. (Tue, 15 Mar 2011 03:00:00 -0700)

Jefferson County sewer crisis: Alabama governor Bentley supports bankruptcy
Commission president wants total solution. (Tue, 15 Mar 2011 03:34:47 -0700)

Bankruptcy judge to address Borders' extension request on store leases
A U.S. Bankruptcy Court judge is expected to rule today on whether Ann Arbor-based Borders Group Inc. will receive additional time to determine the future of its wide network of store leases. A so-called "omnibus" hearing is scheduled for 10...... (Tue, 15 Mar 2011 03:41:46 -0700)

Borders Wins Approval of $505 Million Bankruptcy Loan From GEEC-Led Group
Borders Group Inc. (BGP) , the second- biggest U.S. bookstore chain, will get approval of a $505 million loan to fund operations in bankruptcy after the agreement is changed, a judge said. (Tue, 15 Mar 2011 10:21:06 -0700)

Forum Donations in Hands of Bankruptcy Judge
A bankruptcy judge must now decide how more than $12 million in donations meant for Forum Health will be spent. Forum's creditors argued in federal bankruptcy court Tuesday that they want to use the money to pay off their debt. However, the Western Reserve Health Foundation and the Trumbull Memorial Hospital Foundation feel the money should be used for charitable purposes. The Ohio Attorney ... (Tue, 15 Mar 2011 15:57:12 -0700)

Bankruptcy verdict may change face of Bamfield
The eyes of Bamfield will be focused on an Edmonton courtroom Thursday as former stock promoter and businessman Jack Purdy faces a bankruptcy action. (Tue, 15 Mar 2011 21:59:01 -0700)

Borders seeks to close more stores in bankruptcy
A judge on Tuesday granted Borders a 90-day extension to determine how many additional stores it will close as it reorganizes under bankruptcy protection. (Wed, 16 Mar 2011 00:06:14 -0700)

Bankruptcy Threat for YRC Worldwide
The struggling trucking company YRC Worldwide is suffering from a serious bankruptcy threat. (Wed, 16 Mar 2011 05:15:02 -0700)

Jeweler charged in $5M bankruptcy scam
A Diamond District jeweler is facing a federal bankruptcy fraud charge for allegedly concocting a fictional customer whom he said didn’t pay for more than $5 million in goods and then trying to claim those goods in bankruptcy court. (Wed, 16 Mar 2011 06:09:36 -0700)

Bankruptcy fears batter YRC shares
SAN FRANCISCO (MarketWatch) -- YRC Worldwide Inc. shares shed 20% to $1.64 in early trading on Wednesday after the shipping and trucking carrier said in a Securities and Exchange Commission filing that it may have to file for bankruptcy protection if it defaults on some debt. Creditors have not declared a default yet, but they have the right to in light of the company's failure to meet some ... (Wed, 16 Mar 2011 07:46:18 -0700)

Bankruptcy filing: Dominic's Kitchen Store closes its doors
Failure comes less than two years after big expansion (Wed, 16 Mar 2011 08:41:31 -0700)

Lehman targets November 17 to win bankruptcy plan OK
Lehman Brothers Holdings Inc said it hopes to win court approval of its reorganization plan in mid-November, more than three years after filing the largest bankruptcy in U.S. history. (Wed, 16 Mar 2011 16:04:23 -0700)

Alabama court pushes county closer to bankruptcy
Alabama's Supreme Court ruled a key tax in Jefferson County unconstitutional on Wednesday, pushing the debt-ridden county a step closer to what would be the largest municipal bankruptcy in U.S. history. (Wed, 16 Mar 2011 17:47:07 -0700)

InCharge Education Foundation to Exhibit at Santa Monica Bankruptcy Seminar
Nonprofit bankruptcy services showcased at National Association of Bankruptcy Trustees Spring Seminar, March 25-27, 2011 (Thu, 17 Mar 2011 04:45:00 -0700)

How a bankruptcy filing can save your home
By the time the foreclosure notice arrives, most struggling homeowners figure they are out of options. But there is one more step, often overlooked but sometimes effective: bankruptcy. (Thu, 17 Mar 2011 07:45:56 -0700)

R.I. News Digest: ASFT files for bankruptcy
Courts (Thu, 17 Mar 2011 19:32:32 -0700)

James Tyree, 53, Dies; Led Sun-Times Media Out of Bankruptcy
James C. Tyree, chairman of Mesirow Financial, led a group that bought Sun-Times Media in 2009 for $5 million in cash, taking on around $22 million in debt. (Fri, 18 Mar 2011 07:17:49 -0700)

Canadian bankruptcy filings fall as economy improves
But numbers still remain far higher than pre-recession levels; trustee says he’s seeing many seniors filing (Fri, 18 Mar 2011 10:43:40 -0700)

Canadian bankruptcy filings fall as economy improves
But numbers still remain far higher than pre-recession levels; trustee says he’s seeing many seniors filing (Fri, 18 Mar 2011 14:42:54 -0700)

Bankruptcy postpones auction of isthmus properties
The developer that proposed high-end condominiums on the downtown isthmus filed for bankruptcy Friday, forestalling a foreclosure auction that was scheduled on the same day. (Fri, 18 Mar 2011 15:30:24 -0700)

JB's Restaurants seeks bankruptcy order
The Tempe-based chain reported assets of $7.3 million and liabilities of $10.3 million as of Dec. 30, 2010. (Fri, 18 Mar 2011 18:05:35 -0700)

Judge in Tribune bankruptcy may appoint trustee
The judge overseeing Tribune Co.'s bankruptcy urged warring creditors to settle their court battle or face the possibility he will appoint a trustee to reorganize the newspaper and television company. (Fri, 18 Mar 2011 19:25:01 -0700)

Tribune Co. bankruptcy deadlocked, judge says
Warring groups of creditors urged to find settlement After two weeks of confirmation hearings marked by hours of complex trial testimony, the Tribune Co. bankruptcy case is right where it started: deadlocked. (Fri, 18 Mar 2011 20:20:46 -0700)

Bankruptcy postpones auction of isthmus property in Olympia
OLYMPIA - The development company that proposed high-end condominiums on the downtown isthmus filed for bankruptcy Friday, forestalling a foreclosure auction on two isthmus properties that was also scheduled Friday. (Fri, 18 Mar 2011 23:44:42 -0700)

Judge may appoint trustee to settle Tribune bankruptcy
In the Tribune Co. bankruptcy case, Judge Kevin Carey says the rival creditor factions 'are stuck' and he implores them to try to reach a settlement. The judge overseeing Tribune Co.'s bankruptcy proceedings is warning that he might not approve either of two rival reorganization plans and instead may appoint a trustee to resolve the case. (Sat, 19 Mar 2011 00:37:20 -0700)

Bankruptcy: It's us and Kerry Katona
Bankruptcy is no longer the soft option as the Insolvency Service gets tough. Strangely, that's not true for some celebrities The new get-tough attitude at the Insolvency Service will appeal to many who feel bankruptcy has become a soft-touch option. From now on individuals whose recklessness has left them unable to pay their bills won't be able to enjoy spa days out, expensive gym memberships ... (Sat, 19 Mar 2011 00:59:06 -0700)

Suffolk County OTB files for bankruptcy
Suffolk Regional Off-Track Betting Corporation filed for Chapter 9 bankruptcy protection in the Eastern District of New York on Friday, according to the company, becoming the second OTB company in New York to enter bankruptcy over the past two years. (Sat, 19 Mar 2011 10:57:48 -0700)

Bailouts, Bankruptcy, and the Revival of Saab Automobile
Sitting in a movie theater a few weeks ago sleepily waiting for the previews to begin, a sleek add jolted me to my senses. It was an advertisement for the latest cars built by Saab, supposedly the automobile brand that had vanished due to bankruptcy. (Sun, 20 Mar 2011 17:21:49 -0700)

‘Bankruptcy avoidance’ bill on to-do list
As of today, Indiana’s House of Representatives has been without a quorum for a full month. House Democrats slipped into a caucus meeting Feb. 21 and drove to Illinois the next day. They’re still there and show no sign of coming back. Several bills are stalled as the protest continues, but House Republicans say they’ll start working with the Senate this week to get them moving again.One of the ... (Sun, 20 Mar 2011 17:28:00 -0700)

Other side of bankruptcy
Lori Patton, 39, became a Chapter 7 trustee last year for the federal bankruptcy court in Orlando. The veteran consumer-bankruptcy lawyer is a past board member of the Central Florida Bankruptcy Law Association. She spoke with Sentinel staff writer Richard Burnett . (Sun, 20 Mar 2011 20:08:52 -0700)

McKenna tries to win last-minute bankruptcy deal
Auckland developer Nigel McKenna, facing bankruptcy over an $880,000 debt, has put forward a $1.25 million creditors proposal although he could owe as much as $260 million, the High Court heard yesterday.McKenna wants to keep... (Mon, 21 Mar 2011 10:26:04 -0700)

WaMu Wins Approval to Send Revised Bankruptcy Plan to Creditors for Vote
Washington Mutual Inc. (WAMUQ) , the former owner of the biggest U.S. bank to fail, won permission to send its revised bankruptcy plan to creditors for a vote, setting up a repeat of a court fight the company lost in December. (Mon, 21 Mar 2011 14:28:14 -0700)

Bankruptcy Class Providers National Financial Literacy Foundation, Inc. and Financial Education Services, Inc. Jointly ...
Revised BKClass.com web site design ( http://BKClass.com ) for rising stars in bankruptcy class industry offers online and phone access to EOUST-approved* Credit Counseling and Debtor Education certification classes for bankruptcy filers and their attorneys to comply with the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA). (PRWeb March 22 ... (Tue, 22 Mar 2011 00:14:53 -0700)

Demand debt verification before bankruptcy
Demand collectors verify your debt before deciding whether to file bankruptcy. (Tue, 22 Mar 2011 03:00:00 -0700)

Is bankruptcy an answer to stadium debt?
Local Tea Party organizations are hosting an Empower U seminar suggesting bankruptcy in an option for Hamilton County to explore to solve its stadium debt struggle. (Tue, 22 Mar 2011 04:08:14 -0700)

Bankruptcy Class Providers National Financial Literacy Foundation, Inc. and Financial Education Services, Inc. Jointly ...
Revised BKClass.com web site design (http://BKClass.com) for rising stars in bankruptcy class industry offers online and phone access to EOUST-approved* Credit Counseling and Debtor Education certification classes for bankruptcy filers and their attorneys to comply with the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA). (Tue, 22 Mar 2011 06:01:00 -0700)

Pfizer Reaches Asbestos Settlement That May End Quigley Unit's Bankruptcy
Pfizer Inc. (PFE) , the world’s largest drugmaker, reached a settlement with asbestos claimants that may bring an end to its Quigley unit’s seven-year-old bankruptcy case. (Tue, 22 Mar 2011 13:41:39 -0700)

Demand Debt Verification Before Bankruptcy
What happens if your spouse owes debt that has nothing to do with you? (Tue, 22 Mar 2011 14:55:35 -0700)

Four reasons teams file for bankruptcy
Owning a professional sports team isn't always worth the glamour and fame. We always see the owner of the... (Tue, 22 Mar 2011 15:03:00 -0700)

Tribune Co. judge indicates state lawsuits OK
A federal bankruptcy judge in Delaware indicated Tuesday that he will allow Tribune Co.'s creditors to pursue fraud claims in state courts against shareholders who benefited from the media company's 2007 leveraged buyout. (Tue, 22 Mar 2011 16:40:34 -0700)

Bankruptcy proceedings could cost Batch his Super Bowl rings
Steelers backup quarterback Charlie Batch could lose several items of personal property -- including two Super Bowl rings -- as a result of bankrupty proceedings in Pennsylvania, the Pittsburgh Tribune-Review reported Tuesday. (Wed, 23 Mar 2011 09:05:41 -0700)

Lehman Asks Bankruptcy Judge to Approve Completion of NYC Condo Project
Lehman Brothers Holdings Inc. (LEHMQ) has asked the judge in charge of its bankruptcy to allow it to complete construction on a stalled Manhattan condominium project that it plans to foreclose on, according to a court filing. (Wed, 23 Mar 2011 10:06:55 -0700)

Judge rules on Steelers' Batch bankruptcy
PITTSBURGH, March 23 (UPI) -- A court says a creditor can seize personal property of Pittsburgh Steelers backup quarterback Charlie Batch to recover money he owes them. (Wed, 23 Mar 2011 10:36:12 -0700)

Bankruptcy may cost Steelers' Charlie Batch his rings
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A preventable bankruptcy in the Gulf of Mexico
The government can’t sort out drilling risks in the Gulf — so the toll on jobs continues. (Wed, 23 Mar 2011 16:38:36 -0700)

Judge in Abscam, Penn Central bankruptcy to step down
U.S. District Judge John Fullam, who presided over such notable cases as the Abscam political-corruption probe and the landmark bankruptcy of Penn Central, said Wednesday that he planned to step down. (Thu, 24 Mar 2011 00:34:28 -0700)

The Economist's take on Borders bankruptcy: So cold
The Economist says that despite being a national chain, Borders provided bookstores in communities that needed them and should be missed. Are they right? (Thu, 24 Mar 2011 11:34:25 -0700)

Bankruptcy Management Solutions, Inc. Appoints Albert Brown as Chief Technology Officer
Brown Promoted from SVP of New Product Development to Company’s Highest Technical Post (PRWeb March 25, 2011) Read the full story at http://www.prweb.com/releases/20 (Fri, 25 Mar 2011 04:12:07 -0700)

Borders, in Bankruptcy, Plans to Pay Key Employees $8.3 Million in Bonuses
Borders Group Inc. (BGP) , after filing for bankruptcy in February with plans to close about a third of its stores, said it plans to pay key employees as much as $8.3 million in incentives and retention bonuses. (Fri, 25 Mar 2011 10:58:07 -0700)

Recovering the Brass Ring: The Bankruptcy of Charlie Batch
Personal bankruptcy is, unfortunately, part and parcel (or perhaps the end of one road) of the debt collection industry.  Most Americans who find themselves in bankruptcy court endure the financial challenges and emotional weight of their ordeal outside the limelight.  But for those whose work and life are touched by fame, similar circumstances and comparable missteps rarely afford sanctuary ... (Fri, 25 Mar 2011 12:04:48 -0700)

Recovering the Brass Ring: The Bankruptcy of Charlie Batch
Most Americans who find themselves in bankruptcy court endure the financial challenges and emotional (Fri, 25 Mar 2011 12:19:31 -0700)

Berg creditors may recoup 15-25 percent, says bankruptcy plan
Bankruptcy trustee in Meridian Mortgage case may recoup as much as $31 million. (Fri, 25 Mar 2011 18:35:09 -0700)

St. Charles auction set in Whittaker bankruptcy
Dozens of tracts owned by New Town developer will be sold in deal with bank. (Fri, 25 Mar 2011 22:16:13 -0700)

Borders, in bankruptcy, plans to pay $8.3 million in bonuses
Borders Group Inc. said it wants to pay key executives as much as $8.3 million in incentives and retention bonuses as it focuses on emerging from bankruptcy by late summer. (Sat, 26 Mar 2011 02:03:56 -0700)

After Dale Saip and Kerry-Lynne Findlay stories, will bankruptcy shaming become commonplace?
Abraham Lincoln declared bankruptcy; this didn't prevent him from becoming a great president. (Sun, 27 Mar 2011 00:43:11 -0700)

American Legion Post Files for Bankruptcy
An upside-down American flag and the message broken arrow at American Legion Post 68 sends the message post members are also sending online: Distress, the Seattle Times reports. (Sun, 27 Mar 2011 08:13:27 -0700)

Restaurant owner indicted after business emerges from bankruptcy
Indicted restaurant owner Eva Christian staged a burglary at her Washington Twp. home in October 2009 only five weeks after she emerged from personal bankruptcy that liquidated $1.4 million in debts, according to prosecutors and court records.Montgomery County prosecutors have not discussed the charges facing the owner of the Boulvard Haus restaurant, which stem from a break-in at her residence ... (Sun, 27 Mar 2011 17:02:16 -0700)

Harry & David files for bankruptcy to slash debt
Mail-order food company Harry & David Holdings Inc filed for bankruptcy in a Delaware court under a pre-arranged deal with creditors that includes swapping $198 million of senior notes into equity. (Mon, 28 Mar 2011 04:42:49 -0700)

Harry & David files for bankruptcy protection
Harry & David Holdings Inc., a provider of fruit baskets and other gifts, is filing for bankruptcy reorganization protection. (Mon, 28 Mar 2011 05:12:55 -0700)

Harry & David, Gourmet Food Retailer, Files for Bankruptcy
Harry & David Holdings Inc ., the gourmet food-gift company, filed for bankruptcy protection after reaching an agreement with lenders to trim debt. (Mon, 28 Mar 2011 05:26:40 -0700)

Harry & David seeks bankruptcy protection
Gift basket retailer Harry & David Holdings, known for its Fruit of the Month Club and the popcorn snack Moose Munch, filed for Chapter 11 bankruptcy protection Monday. (Mon, 28 Mar 2011 05:44:02 -0700)

Harry & David, Food-Gift Retailer, Files for Bankruptcy
Harry & David Holdings Inc., the gourmet food-gift company, filed for bankruptcy protection after reaching an agreement with lenders to trim debt that includes almost $200 million in bonds. (Mon, 28 Mar 2011 05:51:45 -0700)

Thanks for Nothing, America: Harry & David Is Bankrupt [Bankruptcy]
# bankruptcy Despite our warnings to you that this would happen if you didn't run out and purchase several cases of wildly overpriced pears, it appears that you didn't listen: Harry & David has declared bankruptcy . More » (Mon, 28 Mar 2011 06:36:40 -0700)

Harry & David files for bankruptcy
The century-old fruit company Harry & David filed for bankruptcy protection Monday morning. Harry & David, famous for it's Oregon comice pears and its fruit-of-the-month boxes, has been struggling to make payments on debt that was loaded onto the company when it was bought by a New York private equity firm in 2004. (Mon, 28 Mar 2011 08:17:17 -0700)

Harry & David in bankruptcy as gift sales fall
Harry & David Holdings Inc, the mail-order gourmet food company, filed for bankruptcy protection on Monday as a weak economy led consumers and businesses to cut spending on its signature fruit baskets. (Mon, 28 Mar 2011 08:46:13 -0700)

San Diego bankruptcy filings hit record high
Local bankruptcy filings were up in 2010 for the third year in a row. Why did the year bring a torrent of bankruptcy filings? (Mon, 28 Mar 2011 16:01:17 -0700)

Harry & David files for bankruptcy
Oregon-based Harry & David, known for its pricey fruit baskets, plans to continue operating during its Chapter 11 bankruptcy restructuring. Crippled by debt piled upon it by its Wall Street owners, storied Oregon fruit company Harry & David has filed for bankruptcy protection. (Mon, 28 Mar 2011 18:47:07 -0700)

Bankruptcy lawyer restored to case
After a closed-door session with U.S. Bankruptcy Judge Robert Littlefield Jr. last week, Casolo's bankruptcy attorney Michael Mansion of Albany was restored as Casolo's attorney in the case. Mansion had gotten permission from Littlefield last month to step down from the Chapter 7 case after citing legal and ethical concerns. Originally filed as a Chapter 13 reorganization, Casolo's case has ... (Tue, 29 Mar 2011 00:05:57 -0700)

San Marcos owners file for bankruptcy protection
The filing halted a trustee sale that had been scheduled for Tuesday. (Tue, 29 Mar 2011 00:58:58 -0700)

Harry & David Bankruptcy Rocks Medford
The shipper of Moose Munch and fruit baskets got slammed by the downturn. But some blame the 2004 LBO by Wasserstein & Co. (Tue, 29 Mar 2011 07:22:14 -0700)

Corrected: Tribune creditors propose revised bankruptcy plan
Tribune Co bondholders led by hedge fund Aurelius Capital Management on Monday filed a revised bankruptcy reorganization plan for the media company, hoping to overcome objections by senior creditors. (Tue, 29 Mar 2011 07:43:17 -0700)

Harry & David Wins Interim Court Approval of $100 Million Bankruptcy Loan
Harry & David Holdings Inc ., the gift-box retailer that began selling fruit by mail in the 1930s, won interim court permission to borrow as much as $100 million to use while it reorganizes in bankruptcy. (Tue, 29 Mar 2011 10:13:08 -0700)

Bankruptcy Filings are Down yet Consumer Confidence is Up
Bankruptcy filings are down and financial positivity is up as Americans take control of their debt. (Tue, 29 Mar 2011 15:00:00 -0700)

Bankruptcy Filings Down, Consumer Confidence Up
Bankruptcy filings are down and consumer confidence is up, reports the National Bankruptcy Research Center. They noted a decreasing trend of bankruptcy filings in February as compared to 2010. According to the center, Nevada, Tennessee and California make up more than half the national average of bankruptcies. The center adds in a press release that the government is considering raising the... (Tue, 29 Mar 2011 18:16:20 -0700)

Bankruptcy battle continues for David Henderson
Princes Wharf property developer David Henderson has again averted bankruptcy by producing yet another scheme of arrangement for his creditors to consider. (Wed, 30 Mar 2011 15:45:11 -0700)

Bankruptcy battle continues for David Henderson
Princes Wharf property developer David Henderson has again averted bankruptcy by producing yet another scheme of arrangement for his creditors to consider. (Wed, 30 Mar 2011 15:55:37 -0700)

Horizon Lines Said to Weigh April Bankruptcy as Convertible Bonds Plummet
Horizon Lines Inc. (HRZ) may file for bankruptcy as soon as April after the shipping company agreed to pay a $45 million fine to resolve U.S. Justice Department price- fixing charges, according to three people familiar with the matter. (Wed, 30 Mar 2011 17:26:46 -0700)

Madoff Trustee Picard Says JPMorgan Shouldn’t ‘Escape’ Bankruptcy Court
The trustee liquidating Bernard Madoff ’s collapsed firm said JPMorgan Chase & Co. (JPM) shouldn’t “escape” facing his $6.4 billion lawsuit in bankruptcy court. (Thu, 31 Mar 2011 06:13:34 -0700)

Horizon Lines Bonds Fall; Company Said to Weigh Bankruptcy
Horizon Lines Inc., the shipping company that agreed to pay a $45 million fine to resolve price- fixing charges, may file for bankruptcy as soon as April, according to three people familiar with the matter. (Thu, 31 Mar 2011 08:20:22 -0700)

Mastro bankruptcy case has a strange new twist
In Washington's biggest bankruptcy case ever, Michael R. Mastro's lawyer and his guardian say they have different agendas because the incapacitated developer's past instructions may conflict with his current best interests. (Thu, 31 Mar 2011 17:33:48 -0700)

Harry & David's Bankruptcy Rocks Medford, Oregon
In good years, FedEx ( FDX ) landed DC-8 cargo planes at the airport in Medford, Ore., to haul away Royal Riviera pears, Moose Munch caramel popcorn, and fruit baskets from Harry & David. (Thu, 31 Mar 2011 23:10:02 -0700)


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