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 May 2011

Suit blames Harris Bank for bankruptcy
Winnetka businesswoman says she fell behind on payments, had to file for bankruptcy protection after Harris bought her bank, double-reported loans to credit bureaus When one bank takes over another, foul-ups with customer accounts can occur. (Sun, 01 May 2011 17:49:49 -0700)

Thornburg Bankruptcy Trustee Sues Several Big Banks
The bankruptcy trustee for Thornburg Mortgage, which specialized in “jumbo” loans, claims Goldman Sachs, Barclays and others caused its collapse. (Sun, 01 May 2011 18:12:46 -0700)

Bankruptcy Alert: The Philadelphia Orchestra Declared It, So Who’s Next?
The Philadelphia Orchestra paid former music director Christoph Eschenbach $693,000 to conduct 21 concerts in the 2008-09 season, according to its latest publicly available tax return. Chief conductor Charles Dutoit made $1.2 million that season. (Sun, 01 May 2011 21:29:07 -0700)

2 Years After Bankruptcy, Chrysler Posts Profit
Chrysler, the only Detroit three automaker to lose money last year, earned $116 million in the quarter as it sold more cars at higher prices. (Mon, 02 May 2011 04:51:35 -0700)

Consultants Given Sweeping Powers to Save Towns From Bankruptcy
Cities, faced with bankruptcy, are turning for help to special state-appointed emergency financial managers with czar-like powers to rein in unions, eliminate departments, renegotiate contracts. (Mon, 02 May 2011 05:47:16 -0700)

Chrysler turns first profit since bankruptcy
Chrysler has turned its first profit since leaving bankruptcy two years ago. (Mon, 02 May 2011 06:06:04 -0700)

Chrysler turns first profit since its bankruptcy thanks to growing sales
DETROIT — Chrysler has turned its first profit since leaving bankruptcy two years ago. (Mon, 02 May 2011 06:07:58 -0700)

Chrysler Turns First Profit Since Bankruptcy
The automaker reported first-quarter net income of $116 million and revenue of $13.1 billion. The profit is a milestone in Chrysler's long road back to health after its 2009 bankruptcy. It last reported a net profit in 2006. (Mon, 02 May 2011 06:28:29 -0700)

Chrysler turns first profit since '09 bankruptcy
Chrysler has turned its first profit since leaving bankruptcy two years ago. (Mon, 02 May 2011 07:44:42 -0700)

Chrysler posts first post-bankruptcy profit
Chrysler, the US automaker controlled by Italy's Fiat, on Monday posted its first quarterly profit since emerging from bankruptcy in June 2009. (Mon, 02 May 2011 08:02:29 -0700)

Thornburg bankruptcy trustee sues banks
Of DOW JONES DAILY BANKRUPTCY REVIEW The court-appointed trustee overseeing the liquidation of Thornburg Mortgage Inc. is suing some of Wall Street's biggest banks -- including J.P. Morgan Chase & Co. JPM, Citigroup Inc. C and Goldman Sachs Group Inc. GS -- for $2.2 billion, alleging they engaged in series of "collusive" and "predatory" schemes that eventually drove Thornburg into bankruptcy. (Mon, 02 May 2011 11:36:13 -0700)

2 Years After Bankruptcy, Chrysler Posts Profit
Chrysler, the only Detroit automaker to lose money last year, earned $116 million in the quarter as it sold more cars at higher prices. (Mon, 02 May 2011 13:40:48 -0700)

Phoenix-based Reality Executives files for bankruptcy
One of Arizona's most prominent residential real-estate firms has filed for bankruptcy reorganization but its representatives said the move was simply a legal strategy to circumvent a handful of uncooperative landlords. (Mon, 02 May 2011 19:09:29 -0700)

Bankruptcy filings fall in region for 8th month in row
Bankruptcy filings dropped 21 percent in northwest Ohio last month, the eighth straight drop compared to the same month a year earlier. Further, the filings put the year on a pace to be well behind the total for last year, which was the sixth highest year for new cases. Local bankruptcy experts have mixed opinions about whether the number of cases will continue to decrease, indicating the local ... (Mon, 02 May 2011 21:40:50 -0700)

Berkline, Couch Maker for Home Theaters, Files for Bankruptcy Protection
Berkline/BenchCraft Holdings LLC, a unit of turnaround specialist Sun Capital Partners Inc., filed for bankruptcy so the couch maker that specializes in home theaters can liquidate. (Tue, 03 May 2011 07:51:04 -0700)

Personal Bankruptcy Filings Moderate
Personal bankruptcy filings dropped last month, as the surge of bankruptcies spurred by the economic downturn continued to moderate. (Tue, 03 May 2011 12:32:42 -0700)

Bankruptcy and tax returns
Q: My husband and I are considering filing personal bankruptcy. We have not filed income tax returns for the last three years because we could not afford to pay the taxes we owe. (Wed, 04 May 2011 02:18:03 -0700)

Innkeepers, Caribe, Inverness, Cordia, Vitro, WaMu, Berkline: Bankruptcy
Their offer was about $1.13 billion, according to the buyers’ statement. Chatham won yesterday’s auction for five other properties with a bid of more than $190 million, according to a person with knowledge of the auction. For other Bloomberg coverage, click here. (Wed, 04 May 2011 08:51:15 -0700)

Indicted poker websites bound for bankruptcy
One of three online poker companies named last month in a federal indictment will be forced to enter bankruptcy, leaving American card players with money on deposit with the Absolute and UB poker sites at least temporarily empty handed. (Wed, 04 May 2011 16:13:35 -0700)

2.6% of firms have filed for bankruptcy in past 7 years
Approximately 2.6% of small businesses have filed for bankruptcy some time in the past seven years, according to a new study for the Office of Advocacy in the U.S. Small Business Administration.According to Thu, 05 May 2011 13:04:28 -0700)

Bankruptcy fear
A new mother from Liverpool reveals the "guilt" of debt (Thu, 05 May 2011 16:06:32 -0700)

Bankruptcy to boom; local GM dealer sees huge sales spike
Bye, bye bankruptcy. Exactly 2 years ago, General Motors was struggling. Today, the automaker giant just finished a first (Thu, 05 May 2011 16:08:10 -0700)

Bankruptcy Filings Stay High In State
Nevada continues to lead the nation in the number of per capita personal bankruptcy filings in the first four months of this year. Nevada topped the list of states, with 4,123 bankruptcies per million adults through April, Columbia Law School professor (Fri, 06 May 2011 02:14:07 -0700)

Personal Bankruptcy 'Lowest In Two Years'
Despite a drop in personal bankruptcy, which fell to its lowest level in two years, the picture remains bleak for UK businesses, according to new data.Figures released by the Insolvency Service for the ... (Fri, 06 May 2011 06:04:31 -0700)

Phoenix-Area Bankruptcy Filings Down Again
Bankruptcy filings fall by nearly 10 percent in Arizona in April compared to the same month in 2010. (Fri, 06 May 2011 06:45:34 -0700)

When Bankruptcy Is a Smart Move
While declaring bankruptcy might feel like the ultimate failure, it could be the best strategic move for you and your business. (Fri, 06 May 2011 13:17:57 -0700)

Dykstra Indicted In Bankruptcy Fraud
An indictment handed up by a federal grand jury accuses former All-Star outfielder Lenny Dykstra, who currently lives in Murrieta, of bankruptcy fraud for allegedly stripping his $18 million mansion in Ventura County. (Fri, 06 May 2011 15:31:45 -0700)

Former MLB star indicted for bankruptcy fraud
Lenny Dykstra, a three-time major league All-Star outfielder who played for the New York Mets and Philadelphia Phillies, was indicted Friday for bankruptcy fraud for allegedly selling items from his $18 million mansion in Ventura County, a federal prosecutor said. (Fri, 06 May 2011 15:48:45 -0700)

Former baseball star Lenny Dykstra indicted in bankruptcy fraud
LOS ANGELES - A federal grand jury in Los Angeles handed up a 13-count indictment today accusing former All-Star outfielder Lenny Dykstra of bankruptcy fraud for allegedly selling property from his $18 million mansion in Ventura County. (Fri, 06 May 2011 15:56:43 -0700)

Dykstra indicted in feds' bankruptcy fraud case
Former New York Mets and Philadelphia Phillies outfielder Lenny Dykstra has been indicted by a Los Angeles federal grand jury in a bankruptcy fraud case. (Fri, 06 May 2011 16:03:25 -0700)

Lenny Dykstra indicted in bankruptcy fraud case
Former New York Mets and Philadelphia Phillies outfielder Lenny Dykstra has been indicted by a Los Angeles federal grand jury in a bankruptcy fraud case. The 48-year-old filed for bankruptcy in 2009, and is accused of later stealing and selling property from an $18.5 million estate. Federal prosecutors brought 13 counts against Dykstra, including bankruptcy fraud, obstruction of justice ... (Fri, 06 May 2011 16:05:22 -0700)

Dykstra indicted for bankruptcy fraud
Former Mets and Phillies outfielder Lenny Dykstra was indicted by a federal grand jury Friday for bankruptcy fraud for allegedly selling items from his $18 million mansion in southern California. (Fri, 06 May 2011 16:27:32 -0700)

Lenny Dykstra, former MLB All-Star, indicted for bankruptcy fraud
Lenny Dykstra, a three-time major league All-Star outfielder who played for the New York Mets and Philadelphia Phillies, was indicted Friday for bankruptcy fraud for allegedly selling items from his $18 million mansion in Ventura County, a federal prosecutor said. (Fri, 06 May 2011 17:56:39 -0700)

Ex-Mets Player Dykstra Indicted on Bankruptcy Fraud Charges
Lenny Dykstra, the former Major League Baseball player accused of removing, destroying and selling property from his $18.5 million mansion after filing for bankruptcy in 2009, was charged with fraud in an indictment. (Fri, 06 May 2011 22:23:33 -0700)

Dykstra Indicted In Bankruptcy Fraud
An indictment handed up by a federal grand jury accuses former All-Star outfielder Lenny Dykstra, who currently lives in Murrieta, of bankruptcy fraud for allegedly stripping his $18 million mansion in Ventura County. (Sat, 07 May 2011 18:48:25 -0700)

Personal Bankruptcy 'Lowest In Two Years'
Despite a drop in personal bankruptcy, which fell to its lowest level in two years, the picture remains bleak for UK businesses, according to new data.Figures released by the Insolvency Service for the ... (Sat, 07 May 2011 21:40:29 -0700)

Morgan Drexen Developed the Nations Largest Bankruptcy Automation Systems
Consumer Bankruptcy Filings Have Risen Dramatically in Recent Months. Morgan Drexen Support Attorneys Across America with Integrated Legal Support Systems, in Recent Months Morgan Drexen Has Undergone the Development of an Automated Bankruptcy Program to Assist Attorneys and Consumers in Debt. (PRWeb May 09, 2011) Read the full story at http://www.prweb.com/releases/20 ... (Mon, 09 May 2011 06:20:36 -0700)

Lenny Dykstra indicted in bankruptcy fraud
LOS ANGELES (AP) — Former New York Mets and Philadelphia Phillies outfielder Lenny Dykstra has been indicted by a Los Angeles federal grand jury in a bankruptcy fraud case. (Mon, 09 May 2011 07:31:11 -0700)

Bankruptcy could help Frank McCourt retain control of Dodgers
Major League Baseball is said to be 'looking hard' at the possibility of that. The league and his ex-wife would almost certainly oppose move, but court need not yield to MLB rules. Major League Baseball is preparing for the possibility that Frank McCourt might take the Dodgers into bankruptcy court before the league could strip him of the team. (Mon, 09 May 2011 20:13:14 -0700)

Bankruptcy could help Frank McCourt retain control of Dodgers
Major League Baseball is said to be 'looking hard' at the possibility of that. The league and his ex-wife would almost certainly oppose move, but court need not yield to MLB rules. Major League Baseball is said to be 'looking hard' at the possibility of that. The league and his ex-wife would almost certainly oppose move, but court need not yield to MLB rules. (Mon, 09 May 2011 20:16:30 -0700)

Judge appoints mediator for Sawgrass Marriott bankruptcy case
With the Chapter 11 bankruptcy case dragging on for more than a year, a Miami bankruptcy judge has been appointed as a mediator to try and resolve the dispute between the owners of the Sawgrass Marriott Golf Resort & Spa and its major lender, Goldman Sachs Mortgage Co. (Mon, 09 May 2011 20:52:15 -0700)

Bankruptcy could help Frank McCourt retain control of Dodgers
Major League Baseball is said to be 'looking hard' at the possibility of that. The league and his ex-wife would almost certainly oppose move, but court need not yield to MLB rules. Major League Baseball is said to be 'looking hard' at the possibility of that. The league and his ex-wife would almost certainly oppose move, but court need not yield to MLB rules. (Tue, 10 May 2011 00:07:39 -0700)

Amid bankruptcy, concerts by Peter Nero and Philly Pops to continue to end of season
Concerts by Peter Nero and the Philly Pops will continue through the end of the season. Whether the group can continue beyond that remains in doubt. (Tue, 10 May 2011 00:28:02 -0700)

Bankruptcy trustee sues GOP
Lawsuits in Fair Finance case seek return of money company co-owner donated to Indiana Republicans Trustee says he asked for refunds before suing (Tue, 10 May 2011 00:46:06 -0700)

A bankruptcy geared to lower car payment?
Steer clear of the notion that bankruptcy can be a quick and painless way to keep a new car. (Tue, 10 May 2011 03:00:00 -0700)

Doral Golf Resort & Spa Put Up for Sale Following Bankruptcy
The Doral Golf Resort & Spa in Miami is being put up for sale after filing for bankruptcy this year with other resorts. (Tue, 10 May 2011 07:59:19 -0700)

A Bankruptcy Geared to Lower Car Payment?
Steer clear of the notion that bankruptcy can be a quick and painless way to keep a new car. (Tue, 10 May 2011 11:47:43 -0700)

Bankruptcy Filing Could Keep Dodgers With McCourt
If Frank McCourt wants to keep the Dodgers, he may be able to do so by declaring bankruptcy, the Los Angeles Times reports. (Tue, 10 May 2011 21:01:23 -0700)

Bankruptcy Court Gives Blessing To Harry & David Financing
A bankruptcy court judge has blessed key portions of a restructuring plan for the famous Northwest retailer Harry & David. The decision increases the likelihood the Medford-based company will survive, but its pension plan may not. (Tue, 10 May 2011 22:10:15 -0700)

Bankruptcy misery on the rise in Ulster
The number of people going bust in Northern Ireland is rocketing as the so-called 'human recession' takes its toll, an economist has said. Related Stories Truce averts revolt at NatExp's AGM Buy-to-let mortgage choice soars EU debt woes are the billion dollar question Balmoral showcases the farming industry's finest Coca Cola notches up 125 years (Wed, 11 May 2011 00:32:05 -0700)

Wife attempts to avoid bankruptcy
The wife of a property developer is trying to avoid also being made bankrupt by arguing she signed loan guarantees without reading them and without getting independent legal advice. (Wed, 11 May 2011 04:24:50 -0700)

5 Myths About Personal Bankruptcy
For many people, filing for personal bankruptcy is an option that carries with it personal stigma and many unknowns. Persistent myths swirl around the process that are either half-truths or completely false. There is more than one type of personal bankruptcy filing, and each has its own rules and consequences, but the ultimate goal of each is to help a debtor out of a difficult financial ... (Wed, 11 May 2011 07:01:37 -0700)

General Motors Retirees Sue Over Pension Benefits After Bankruptcy Filing
Dozens of General Motors Co. (GM) executive retirees sued the company contending they suffered loss of benefits after the automaker’s bankruptcy. (Wed, 11 May 2011 07:28:40 -0700)

Bankruptcy Attorney Joins Venable LLP as Partner
Venable LLP yesterday announced the addition of bankruptcy attorney Keith Owens as a partner its Los Angeles office. Owens made the lateral move last Wednesday from Foley & Lardner LLP. (Wed, 11 May 2011 09:48:05 -0700)

Satelites Mexicanos Wins Bankruptcy Court Approval of Turnaround Plan
Satelites Mexicanos SA, the Mexican satellite company, won court approval of its restructuring plan allowing it to exit bankruptcy protection later this month. (Wed, 11 May 2011 11:43:19 -0700)

Ky. GOP auditor candidate digs out of bankruptcy
Lexington businessman John T. Kemper III is juggling dual lives these days, vying for the Republican nomination to run for Kentucky auditor while digging out of personal bankruptcy after an ambitious real estate development went bust. (Thu, 12 May 2011 05:24:59 -0700)

Majestic Star Casino Fights $19 Million Property Tax in Bankruptcy Court
Majestic Star Casino LLC, a riverboat casino owner preparing to exit bankruptcy, is fighting a $19 million property tax bill that may cause it to reconsider the company’s court-approved reorganization plan. (Fri, 13 May 2011 08:13:17 -0700)

Bankruptcy judge OKs Innkeepers $1.12 billion sale
Innkeepers USA Trust, the bankrupt manager of more than 70 hotels, gained court approval on Friday of a plan to sell most of its properties to Cerberus Capital Management and Chatham Lodging Trust for $1.12 billion. (Fri, 13 May 2011 16:42:36 -0700)

Another View: Bankruptcy court is no cure-all for cities in the red
Re "Yet more union meddling in local finances?" (Editorial, May 4): (Fri, 13 May 2011 19:20:43 -0700)

Bankruptcy Filing This Week Raises The 2011 Global Corporate Default Tally To 15, Article Says
Çѹ·Õè 15 ¾ÄÉÀÒ¤Á 2554 10:54 ¹. Puerto Rico-based yellow pages publisher Caribe Media Inc. filed for bankruptcy protection this week, raising the 2011 global corporate default tally to 15, said an article published today by Standard & Poor's Global Fixed Income Research. (Sat, 14 May 2011 20:57:04 -0700)

Borders Bankruptcy
Report: Borders has possible bidder on some stores (Sun, 15 May 2011 06:23:13 -0700)

Bankruptcy – Courts and DGI
DEAR Lex, I recently heard a rumour that the government is going to abolish bankruptcy. Is this true? [...] (Sun, 15 May 2011 18:16:41 -0700)

Maker of crafts sold at Walmart, Jo-Ann files for bankruptcy
Courtesy of iStockphoto.comA crafts manufacturer -- which has produced products such as beading for costume... (Sun, 15 May 2011 23:08:01 -0700)

Bankruptcy Court to Have the Say on Sale of Downtown Hotel
A bankruptcy court on May 25 will hear a motion by the owners of the struggling Se San Diego hotel to sell the property to San Francisco-based Kimpton Hotel & Restaurant Group LLC for $49 million. (Mon, 16 May 2011 00:12:33 -0700)

New Stream Wins Bankruptcy Court Leave to Sell Life Settlement Portfolio
New Stream Secured Capital Inc., a bankrupt company that buys life insurance policies and collects on them after the seller dies, won court permission to sell its portfolio for $127.5 million. (Mon, 16 May 2011 16:58:37 -0700)

Third investor enters bankruptcy case against CityCenter's Beso
Eva Longoria faces more challenges with her Las Vegas restaurant and nightclub, with a third investor now agitating against the business in its bankruptcy case. (Mon, 16 May 2011 17:15:00 -0700)

Judge Holds Hearing In Delaware Diocese Bankruptcy
A bankruptcy judge is expected to approve documents outlining the Catholic Diocese of Wilmington’s proposed reorganization plan, including a $77 million settlement with nearly 150 alleged victims of priest sex abuse, after certain revisions are made. (Mon, 16 May 2011 19:35:46 -0700)

Judge seeks clarification in diocese bankruptcy plan
WILMINGTON - A federal bankruptcy judge indicated Monday that he was willing to approve documents outlining the Roman Catholic Diocese of Wilmington's proposed reorganization plan, including a $77 million settlement with nearly 150 alleged victims of priest sex abuse, once certain revisions are made. (Tue, 17 May 2011 00:27:15 -0700)

Bankruptcy not the worst thing for credit
If you're headed for hard times, the right moves can hasten your credit's recovery. (Tue, 17 May 2011 03:00:00 -0700)

InCharge Education Foundation to Exhibit at American Bankruptcy Institute Conference in Memphis, Tennessee
Nonprofit bankruptcy services showcased at Memphis Consumer Bankruptcy Workshop, May 20, 2011 (Tue, 17 May 2011 07:31:00 -0700)

Banning Lewis Ranch Files Bankruptcy Plan, Seeks June 28 Asset Auctions
Banning Lewis Ranch Co. , developer of a master-planned community in Colorado, filed a liquidation plan that would pay creditors through two asset auctions. (Tue, 17 May 2011 12:28:17 -0700)

Cordish Defamation Suit Over Maryland Gambling Held Up by Bankruptcy Judge
Cordish Co., a real-estate developer trying to build a casino near Baltimore, must temporarily halt a defamation lawsuit against the chief executive officer of one of its business partners, a judge said. (Tue, 17 May 2011 13:13:17 -0700)

Bankruptcy Not the Worst Thing for Credit
If you're headed for hard times, the right moves can hasten your credit's recovery. (Tue, 17 May 2011 14:46:19 -0700)

Anschutz Unit Wins Ambassadors Bankruptcy Auction With $39 Million Offer
A unit of billionaire Philip Anschutz’s Anschutz Corp. won a bankruptcy auction for virtually all the assets of Ambassadors International Inc. (AMIE) , operator of Windstar Cruises, with an offer of about $39 million. (Tue, 17 May 2011 15:58:47 -0700)

Ky. candidate dogged by bankruptcy wins primary
A businessman overcame the stigma of personal bankruptcy to win the Republican nomination for state auditor on Tuesday in a bid to become Kentucky's chief financial watchdog. (Tue, 17 May 2011 19:28:26 -0700)

Republican dogged by personal bankruptcy wins GOP primary for state auditor in Kentucky
LOUISVILLE, Ky. — A businessman overcame the stigma of personal bankruptcy to win the Republican nomination for state auditor on Tuesday in a bid to become Kentucky’s chief financial watchdog. John T. Kemper III, a residential developer from Lexington, embraced the theme of a “debt-free Kentucky” on his campaign website but had to explain his own bankruptcy after a real estate development went ... (Tue, 17 May 2011 19:30:04 -0700)

Ky. candidate dogged by bankruptcy wins primary
A businessman overcame the stigma of personal bankruptcy to win the Republican nomination for state auditor on Tuesday in a bid to become Kentucky's chief financial watchdog. (Wed, 18 May 2011 07:57:09 -0700)

Month after bankruptcy filing, Philadelphia Orchestra unveils awareness, fundraising campaign
PHILADELPHIA — The financially troubled Philadelphia Orchestra is kicking off a new campaign to raise awareness and money. Officials are announcing details of the “Listen with Your Heart” initiative at an event Wednesday afternoon. The campaign is going to include a host of public events, fundraising and outreach through the city’s downtown restaurants, hotels and shops. Read full article >> (Wed, 18 May 2011 08:10:37 -0700)

Bankruptcy petition against ex-billionaire tossed
Embattled former billionaire Tim Blixseth says a federal judge has dismissed a forced bankruptcy petition filed by Montana authorities who alleged he owes $57 million in back taxes. (Wed, 18 May 2011 17:34:03 -0700)

APNewsBreak: Ex-billionaire's bankruptcy tossed
A federal judge has dismissed a forced bankruptcy petition against embattled former billionaire Tim Blixseth that was filed by Montana authorities who alleged he owes $57 million in back taxes, Blixseth and his attorneys said Wednesday. (Wed, 18 May 2011 18:06:56 -0700)

APNewsBreak: Forced bankruptcy petition against former billionaire dismissed by federal judge
BILLINGS, Mont. — A federal judge has dismissed a forced bankruptcy petition against embattled former billionaire Tim Blixseth that was filed by Montana authorities who alleged he owes $57 million in back taxes, Blixseth and his attorneys said Wednesday. The 60-year-old founder of Montana’s ultra-exclusive Yellowstone Club said he intends to pursue sanctions against the Montana Department of ... (Wed, 18 May 2011 18:08:35 -0700)

Yellowstone Club Founder Blixseth Wins Dismissal of State Bankruptcy Case
Tim Blixseth , co-founder of the Yellowstone Club for millionaires, won dismissal of an involuntary bankruptcy petition filed by Montana in Las Vegas. A lawyer for Montana said the state can refile its petition. (Wed, 18 May 2011 20:28:07 -0700)

Sbarro Restaurants Said to Be Negotiating Higher Bid Than Bankruptcy Plan
Sbarro Inc. , a chain of fast-food Italian restaurants, is negotiating an offer that’s more valuable than the plan it entered bankruptcy with in April, a person familiar with the matter said. (Thu, 19 May 2011 07:58:09 -0700)

Sbarro Said to Be Negotiating Higher Bid Than Bankruptcy Plan
Sbarro Inc., a chain of fast-food Italian restaurants, is negotiating an offer that’s more valuable than the plan it entered bankruptcy with in April, a person familiar with the matter said. (Thu, 19 May 2011 08:30:13 -0700)

More in Thurston, Pierce counties file for bankruptcy
South Sound personal and business bankruptcy filings continued an upward trend in the first quarter of the year, rising in both Thurston and Pierce counties, according to data compiled by the U.S. Bankruptcy Court for the Western District of Washington. (Fri, 20 May 2011 01:55:15 -0700)

Blockbuster Stockholders Stay Hopeful in Bet Against Steep Bankruptcy Odds
Blockbuster Inc. (BLOAQ) ’s stock must be worth something, according to Ron Krenn, a 48-year-old day trader in Daytona Beach , Florida, who hopes to profit on the equity of what was once the world’s largest movie rental chain, seven months after it filed for Chapter 11. (Fri, 20 May 2011 07:51:04 -0700)

WaMu, Creditors, Shareholders Said to End Bankruptcy Fight
Washington Mutual Inc. and its biggest creditors agreed to settle a fight with shareholders by giving them equity in the company that will emerge from bankruptcy, two people familiar with the proposal said. (Fri, 20 May 2011 12:44:01 -0700)

WaMu agrees on post-bankruptcy control: report
Washington Mutual Inc reached an agreement on Friday that would give shareholders control of the company after it exits bankruptcy, according to a report by Bloomberg News. (Fri, 20 May 2011 13:38:41 -0700)

Motel owners embroiled in city tax fight file bankruptcy
SANTA CRUZ -- The owners of two Lower Ocean area motels who have battled the city for years over unpaid taxes have filed for bankruptcy, citing $1 million in disputed occupancy taxes among their $14. (Sat, 21 May 2011 08:18:33 -0700)

Maine man convicted of bankruptcy fraud
An aviation enthusiast in Maine has been convicted of bankruptcy fraud, accused of lying about the sale of three planes in an attempt to hide $450,000 from his estate. (Sat, 21 May 2011 11:46:49 -0700)

Orchestra's bankruptcy risks forfeit of $50M gift
When Leonore Annenberg, widow of billionaire publisher Walter Annenberg, decided to give $50 million to the endowment of the Philadelphia Orchestra, she created a donor agreement stipulating in great detail how the money should be handled, and how the investment proceeds could be spent. (Sun, 22 May 2011 00:20:10 -0700)

Fewer people filing for bankruptcy
Bankruptcies in Western New York continued to fall in April for the 11th straight month, driven, in part, by a slowdown in mortgage foreclosures and less credit available for borrowers to get into trouble. (Sun, 22 May 2011 03:56:15 -0700)

Terry Serepisos bankruptcy case to proceed
Wellington property developer Terry Serepisos has effectively abandoned an application to set aside bankruptcy notices claiming more than $5 million. (Sun, 22 May 2011 20:18:21 -0700)

Harry & David Files Bankruptcy Plan Supported by Most Senior Noteholders
Harry & David Holdings Inc ., the Oregon-based gift-box retailer that began selling fruit by mail in the 1930s, filed a recovery plan supported by holders of about 81 percent of its senior notes. (Mon, 23 May 2011 06:58:29 -0700)

Lehman Paid Bankruptcy Lawyers, Managers $27.1 Million in Fees in April
Lehman Brothers Holdings Inc. (LEHMQ) , whose fees to advisers have exceeded $1.26 billion during its bankruptcy, paid lawyers and managers $27.1 million in April. (Mon, 23 May 2011 09:43:27 -0700)

Harry & David files plan to emerge from bankruptcy
Fruit basket and gifts retailer Harry & David Holdings Inc. plans to exit bankruptcy protection in late summer, the company said in a reorganization plan filed on Monday. (Mon, 23 May 2011 12:23:50 -0700)

Madoff Trustee’s Case Against JPMorgan Must Go to Higher Court, Judge Says
A bankruptcy judge doesn’t have the authority to decide whether the trustee liquidating Bernard Madoff ’s firm has the right to sue JPMorgan Chase & Co. for $6.4 billion, a higher court said. (Mon, 23 May 2011 16:13:27 -0700)

Judge to rule on Peak's bankruptcy case today
A bankruptcy judge in Cleveland is expected to rule today on how a sale will take shape for Peek'n Peak Resort and Spa, near Findley Lake, N.Y. (Tue, 24 May 2011 02:47:43 -0700)

Jackson Hewitt files for bankruptcy
Jackson Hewitt Tax Service Inc filed for Chapter 11 bankruptcy, as the second largest U.S. tax preparer finally reached an agreement with its lenders on how to restructure its debt. (Tue, 24 May 2011 07:44:29 -0700)

Burr Oak Cemetery bankruptcy case could be resolved today
A federal bankruptcy judge could today confirm a plan setting out the future of the troubled Burr Oak Cemetery near Alsip.In the wake of an alleged grave reselling scandal in July 2009, the cemetery’s parent company, Perpetua, filed for bankruptcy reorganization. The plan developed by the cemetery’s 3,000 creditors replaces the private for-profit company with a trustee, Chicago attorney Patricia ... (Tue, 24 May 2011 07:52:00 -0700)

Jackson Hewitt files for pre-packaged bankruptcy
Jackson Hewitt Tax Service Inc filed for a pre-packaged Chapter 11 bankruptcy, as the second largest U.S. tax preparer finally reached an agreement with its lenders on how to restructure its debt. (Tue, 24 May 2011 08:01:04 -0700)

Jackson Hewitt Files for U.S. Bankruptcy Under Deal With Secured Lenders
Jackson Hewitt Tax Service Inc. (JTX) filed for bankruptcy, saying it has a deal with secured lenders that will let the tax-preparation company exit court protection within 60 days. (Tue, 24 May 2011 08:21:54 -0700)

Worried about college loans and potential bankruptcy
A stepmom worries that her kids may face problems with college loans if their mother goes into bankruptcy. (Tue, 24 May 2011 08:50:58 -0700)

Woman accused of killing kids filed for bankruptcy
A Colorado mother accused of killing her two children was going through divorce and bankruptcy proceedings when she allegedly called police to tell them she was committing suicide. (Tue, 24 May 2011 11:21:52 -0700)

Jackson Hewitt files for bankruptcy protection
Jackson Hewitt said Tuesday it filed for Chapter 11 bankruptcy protection under the weight of heavy debt. (Tue, 24 May 2011 11:23:51 -0700)

JPMorgan Ignored Madoff Fraud? That's Not For A Bankruptcy Court To Decide
Judge sides with JPMorgan saying Madoff Trustee's allegations against the bank require interpretatio (Tue, 24 May 2011 12:39:19 -0700)

Jackson Hewitt files for pre-packaged bankruptcy
Jackson Hewitt Tax Service Inc filed for a pre-packaged Chapter 11 bankruptcy, as the second largest U.S. tax preparer finally reached an agreement with its lenders on how to restructure its debt. (Tue, 24 May 2011 12:52:12 -0700)

Settlement could provide windfall for Hecker's bankruptcy creditors
The bankruptcy estate of jailed Twin Cities auto mogul Denny Hecker could reap its largest haul yet - more than $2 million - from a settlement the estate's trustee announced Monday. (Tue, 24 May 2011 12:54:43 -0700)

Jackson Hewitt Tax Service Files for Bankruptcy Protection
Jackson Hewitt Tax Service Inc. filed for bankruptcy, saying it has a deal with secured lenders that will let the tax-preparation company exit court protection within 60 days. (Tue, 24 May 2011 15:40:08 -0700)

Gazza bankruptcy case dismissed
A bankruptcy petition against former England midfielder Paul Gascoigne was dismissed at the High Court on Wednesday. (Wed, 25 May 2011 08:00:12 -0700)

Jackson Hewitt sees quick bankruptcy plan approval
Jackson Hewitt Tax Service Inc expects quick approval of its bankruptcy plan, which would turn over the second-largest U.S. tax preparer to lenders led by Bayside Capital, the company's attorney said on Wednesday. (Wed, 25 May 2011 11:25:26 -0700)

Jackson Hewitt Wins Court Approval to Use Cash Collateral in Bankruptcy
Jackson Hewitt Tax Service Inc. (JTX) , the second-largest U.S. tax preparer, won court approval to use cash held as lenders’ collateral while it prepares to seek permission on July 8 to exit bankruptcy under a pre-negotiated plan. (Wed, 25 May 2011 12:28:35 -0700)

Lehman resists Suncal 'end run' around bankruptcy
With the legal sparring between Lehman Brothers Holdings Inc. (LEHMQ) and SunCal taking a new, nasty turn in California, Lehman is turning to a New York bankruptcy judge to block the real-estate developer from attempting an "end-run" around the court's previous rulings. (Wed, 25 May 2011 13:22:10 -0700)

Bankruptcy Judge Approves Plan To Turn Over Aliante Station To Lenders
A federal bankruptcy judge Wednesday approved Station Casinos Inc.'s plan to turn over its Aliante Station casino to lenders owed more than $378 million as part of restructuring the company as it emerges from bankruptcy. Despite questions over $2 million (Wed, 25 May 2011 15:52:28 -0700)

Judge: Dilworth OKd in orchestra bankruptcy
The judge in the Philadelphia Orchestra Association's bankruptcy petition approved on Wednesday the retention of law firms and other professionals in the case. (Thu, 26 May 2011 00:20:56 -0700)

Judge: Dilworth OKd in orchestra bankruptcy
The judge in the Philadelphia Orchestra Association's bankruptcy petition approved on Wednesday the retention of law firms and other professionals in the case. (Thu, 26 May 2011 00:57:12 -0700)

Vallejo Wins Court Approval to Send Bankruptcy Plan to Creditors for Vote
Vallejo , California, the biggest U.S. city in bankruptcy, won court permission to send its exit plan to creditors for a vote after retired workers dropped their objections. (Thu, 26 May 2011 10:58:45 -0700)

Crystal Cathedral has plan to end bankruptcy
The Crystal Cathedral megachurch in California says it will submit a plan to bankruptcy court next week that would get it out of Chapter 11 bankruptcy and erase its $35 million debt. (Thu, 26 May 2011 14:20:45 -0700)

Station Casinos Wins Nevada Gaming Regulators’ Approval of Bankruptcy Plan
Station Casinos Inc. , the biggest U.S. gambling company in bankruptcy, won approval from Nevada gaming regulators for its reorganization plan, leaving it with only one court fight before it can exit bankruptcy. (Thu, 26 May 2011 14:58:35 -0700)

Crystal Cathedral to be sold as a way to exit Chapter 11 bankruptcy
Faced with decreasing revenues, the Garden Grove megachurch filed for bankruptcy protection in October. Worship services and outreach programs would not be affected by the reorganization, a spokesman said. The Crystal Cathedral, the gleaming architectural landmark in Orange County that has been a Southland attraction for decades, will be sold as a method of exiting Chapter 11 bankruptcy and ... (Thu, 26 May 2011 21:55:35 -0700)

Bye-bye bankruptcy, hello new car
A car loan may still be costly, even if your bankruptcy has fallen off your credit report. (Fri, 27 May 2011 03:00:00 -0700)

Crystal Cathedral to be sold as a way to exit Chapter 11 bankruptcy
Faced with decreasing revenues, the Garden Grove megachurch filed for bankruptcy protection in October. Worship services and outreach programs would not be affected by the reorganization, a spokesman said. The Crystal Cathedral, the gleaming architectural landmark in Orange County that has been a Southland attraction for decades, will be sold as a method of exiting Chapter 11 bankruptcy and ... (Fri, 27 May 2011 07:47:57 -0700)

Bye-Bye Bankruptcy, Hello New Car
A car loan may still be costly, even if your bankruptcy has fallen off your credit report. (Fri, 27 May 2011 10:06:30 -0700)

Crystal Cathedral to file bankruptcy exit plan
The Southern California megachurch founded by one of the nation's pioneering televangelists, the Rev. Robert H. Schuller, on Friday filed a bankruptcy plan that would pull the Crystal Cathedral out of crushing debt by selling its sprawling campus and famous, glass-spired sanctuary to a local real estate investment group for $47 million. (Fri, 27 May 2011 19:33:31 -0700)

Crystal Cathedral in Calif. files for bankruptcy
The Southern California megachurch founded by one of the nation’s pioneering televangelists, the Rev. Robert H. Schuller, filed a bankruptcy plan yesterday that would pull the Crystal Cathedral out of crushing debt by selling its sprawling campus and famous, glass-spired sanctuary to an unidentified real estate investment group. (Sat, 28 May 2011 01:00:14 -0700)

Bankruptcy Pays, for the Advisers
So far, the bankers, lawyers and other advisers that are helping wind down Lehman Brothers have earned $1.2 billion. (Sun, 29 May 2011 18:33:34 -0700)

Vallejo's bankruptcy a dose of reality for cities
Ever been "Vallejoed?"Vallejo's name has been co-opted as a verb, an event, and even a historical happening, all following its municipal bankruptcy filing three years ago. (Mon, 30 May 2011 01:34:09 -0700)

Ex-banker in challenge to laws on bankruptcy
A CHALLENGE to the constitutionality of the State's bankruptcy laws is being brought by a woman who is being pursued for a debt of more than €1 million, the High Court has heard. (Mon, 30 May 2011 17:33:50 -0700)

Decision on Henderson bankruptcy adjournment reserved
A decision on whether to adjourn bankruptcy proceedings on Auckland property developer David Henderson has been reserved. Henderson, who was not present for the hearing at the High Court in Auckland, is seeking to put forward a new proposal to repay creditors, who are owed about $130 million. (Mon, 30 May 2011 23:10:11 -0700)

Pain and state bankruptcy
In the endless negotiations about Greece's approach to bankruptcy, European Union leaders suggested last week that a "fund of experts" might take over US$200 billion or more worth of Greek state assets, with a view to speeding their privatization and repaying much of Greece's staggering debt load. (Tue, 31 May 2011 01:59:54 -0700)

Find the right post-bankruptcy credit card
Need to rebuild your credit credibility? Charge ahead. (Tue, 31 May 2011 03:00:00 -0700)

BUYER BEWARE: Prominent Bankruptcy Attorney of myeasy7.com Warns Parents About Student Loans
It's a cruel surprise to many parents facing a financial crisis: student loans are not dischargeable in Bankruptcy. (Tue, 31 May 2011 10:55:00 -0700)

6 Questions on Post-Bankruptcy Credit Card
Need to rebuild your credit credibility? Charge ahead. (Tue, 31 May 2011 11:10:52 -0700)

ARMS Unveils 'Bankruptcy Locator'
ARMS , an affiliated company of Information Clearinghouse, Inc., announced this week the launch of its latest credit management tool the "Chapter 11 Daily" Bankruptcy Locator. (Tue, 31 May 2011 13:57:00 -0700)

First Person: 5 Ways to Bring Your Credit Back From Bankruptcy
*Note: This was written by a Yahoo! contributor. Do you have a personal finance story that you'd like to share? Sign up with the Yahoo! Contributor Network to start publishing your own finance articles. (Tue, 31 May 2011 14:06:35 -0700)


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