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Home > Bankruptcy News

Bankruptcy News Jun 2011

Constar out of bankruptcy, again
Constar International's new investors say they're going to grow the company, which has been reeling from the loss of its biggest customer, Pepsico (Wed, 01 Jun 2011 06:59:57 -0700)

Vallejo Judge to Weigh California City’s Finance Plan to Exit Bankruptcy
The judge overseeing the case of Vallejo , California, the biggest U.S. city in bankruptcy, set a hearing for July 28 on whether to confirm its plan for financial reorganization. (Wed, 01 Jun 2011 14:13:46 -0700)

Las Vegas nightclub, show figure sued by bankruptcy trustee
A bankruptcy trustee on Tuesday sued Las Vegas nightclub and stage show figure Nicole Durr, charging she and others drained three of Durr’s companies of more than $4.3 million before they filed for bankruptcy. (Wed, 01 Jun 2011 14:26:54 -0700)

Bankruptcy bid against Holocaust denier
A Holocaust denier who was jailed for contempt over an offensive website is now facing bankruptcy over court costs. (Wed, 01 Jun 2011 20:38:57 -0700)

Calpine Settles Largest Remaining Claim in Bankruptcy Estate
Calpine Corporation , which emerged from bankruptcy in January 2008, today announced the settlement of the only significant claim remaining from the bankruptcy proceeding. The settlement with holders of certain Class 12 claims is subject to Bankruptcy Court approval, which is expected to be obtained in the next several weeks. (Thu, 02 Jun 2011 03:33:00 -0700)

Hawaii bankruptcy filings flat in May
Statewide bankruptcy filings were virtually flat in May, but there was a spike in Chapter 13, or so-called wage-earner, cases. (Thu, 02 Jun 2011 04:37:24 -0700)

Bankruptcy puts popular foodie website up for sale
LTH Forum , one of the most robust online communities for Chicago food enthusiasts, is for sale. The bidding currently stands at $40,000. (Thu, 02 Jun 2011 04:48:08 -0700)

Calpine settles another bankruptcy claim
Calpine Corp. said Thursday it has settled what it called the last significant claim remaining from its six-year-old bankruptcy proceeding. (Thu, 02 Jun 2011 06:35:33 -0700)

Romney: Bankruptcy, not bailouts, saved Detroit
GOP candidate says "I was right" about action needed to rescue automakers, and that Obama took his advice (Fri, 03 Jun 2011 06:43:02 -0700)

Warning as bankruptcy costs rise
This month's rise in the cost of going bankrupt could discourage people with financial problems from seeking a solution, debt experts warn. (Fri, 03 Jun 2011 07:27:24 -0700)

Sun Capital Affiliate Wins Bankruptcy Auction for Vitro’s U.S. Businesses
A Sun Capital Partners Inc. affiliate won a bankruptcy auction for U.S. assets of Vitro SAB , the biggest Mexican glassmaker, with a bid of $55.1 million. (Fri, 03 Jun 2011 07:58:45 -0700)

Developer presses for damages, sanctions in Las Vegas bankruptcy case
Part Two of the dismissed involuntary bankruptcy case against developer Tim Blixseth is under way in Las Vegas – and it looks to be contentious. (Fri, 03 Jun 2011 12:41:43 -0700)

Accusations fly in San Marcos bankruptcy
Acrimony continues in San Marcos bankruptcy. (Sat, 04 Jun 2011 07:49:22 -0700)

MPS Board president Bonds files for bankruptcy
Milwaukee Public School Board President Michael Bonds has filed for Chapter 7 bankruptcy in federal court. Bonds said Saturday night it was a decision he struggled with for months and realizes that there may be backlash. (Sat, 04 Jun 2011 19:03:14 -0700)

Bankruptcy June 6
Filed in April and May in U.S. Bankruptcy Court, Knoxville and Greeneville (Sun, 05 Jun 2011 21:00:00 -0700)

Bankruptcy petition for June 6
Bankruptcy petition for June 6 (Sun, 05 Jun 2011 21:21:44 -0700)

'Bankruptcy threatens US prisons'
America's financial crisis has led to the neglect of many of the country's institutions and programs, including its overpopulated prison system. (Mon, 06 Jun 2011 03:40:30 -0700)

Bankruptcy Laws Drive Corporate Default Rates According to Stanford Graduate School of Business Research
When it comes to corporate defaults, the current recession is, as of now, child's play in comparison not only to the Great Depression, but another little-recalled period: the railroad crisis of 1873–1875. (Mon, 06 Jun 2011 06:00:00 -0700)

Cohen & Grigsby Attorneys Certified as Business Bankruptcy Specialists by American Board of Certification
Cohen & Grigsby, a business law firm with headquarters in Pittsburgh, PA and an office in Bonita Springs, FL, is pleased to announce that attorney Thomas D. Maxson was recently certified as a Business Bankruptcy Specialist by the American Board of Certification , a specialty certification organization sponsored by the American Bankruptcy Institute and the Commercial Law League of America. Â At ... (Mon, 06 Jun 2011 08:32:00 -0700)

Valley bankruptcies fell again in May
Debt-strapped Arizonans file fewer bankruptcy actions in May, the fourth straight monthly decline. (Mon, 06 Jun 2011 16:57:24 -0700)

Nevada Bankruptcy Filings Fall
Personal bankruptcy filings in Nevada declined 17 percent during the first five months this year, according to an analysis by a Columbia Law School professor. Yet based on population, Nevada still leads the nation in new bankruptcy cases, according to (Tue, 07 Jun 2011 02:01:28 -0700)

For richer or poorer: Bankruptcy for wife?
Couples needn't file bankruptcy jointly, but there are lots of legal issues to consider. (Tue, 07 Jun 2011 03:00:00 -0700)

Study finds bankruptcy rates among cancer patients increase along with survival time
( Fred Hutchinson Cancer Research Center ) An analysis linking federal bankruptcy court records to cancer registry data from nearly 232,000 adult cancer cases in western Washington during a 14-year period has found a hidden cost to survival: Insolvency rates increase along with the length of survival. (Tue, 07 Jun 2011 06:08:55 -0700)

Bankruptcy Rates Among Cancer Patients Increase Along with Survival Time
An analysis linking federal bankruptcy court records to cancer registry data from nearly 232,000 adult cancer cases in western Washington during a 14-year period has found a hidden cost to survival: Insolvency rates increase along with the length of survival. (Tue, 07 Jun 2011 06:35:08 -0700)

Pay Delinquent Debt or Declare Bankruptcy?
If you credit score is already very low a bankruptcy will not drop it as significantly as it would if your score were in the low 700s, but it will negatively affect your score for the entire time it is on your credit report. (Tue, 07 Jun 2011 07:10:33 -0700)

Bankruptcy rates among cancer patients increase along with survival time, study finds
An analysis linking federal bankruptcy court records to cancer registry data from nearly 232,000 adult cancer cases in western Washington during a 14-year period has found a hidden cost to survival: Insolvency rates increase along with the length of survival. (Tue, 07 Jun 2011 09:20:28 -0700)

The New Face of Bankruptcy: Public Employees
State and local governments facing financial pressures have turned to their employees to help balance their budgets. But now a prominent Bankruptcy attorney who is the founder of the website myeasy7.com is warning of an unexpected consequence: more Bankruptcies. (Tue, 07 Jun 2011 11:22:00 -0700)

Lynn Tilton blasted for bankruptcy conflicts
Self-proclaimed billionaire Lynn Tilton has dumped one of her retail companies into bankruptcy to rinse it of its debts while maintaining control, according to an attorney for a leading creditor. (Tue, 07 Jun 2011 14:58:28 -0700)

Stocks Under $5 at Risk of Bankruptcy
BOSTON (TheStreet) -- Small-cap stocks have enjoyed a tremendous rally since the March 2009 low, although the recent losing streak for equity markets has stoked fears that bankruptcy for some companies with share prices below $5 is imminent. There are few reliable ways of determining which companies are at a greater risk of going bankrupt than others. The Altman Z-score, a formula developed by ... (Wed, 08 Jun 2011 03:04:39 -0700)

Zaragoza files for bankruptcy protection
Spanish football club Zaragoza filed for protection from creditors under Spanish bankruptcy law on Wednesday. The Spanish topflight club announced that it was in danger of a "cash flow" problem due to a debt of ?110 million ($146.57 million). The club said that its financial difficulties stemmed from its "relegation three seasons ago, and the economic effort made to return to the... (Wed, 08 Jun 2011 07:06:15 -0700)

Bankruptcy Risk Nearly Doubles in Year After Cancer Diagnosis
WEDNESDAY, June 8 (HealthDay News) -- As cancer patients' survival times increase, so do their bankruptcy rates. (Wed, 08 Jun 2011 11:03:08 -0700)

Lehman's bankruptcy winners and losers
Lehman Brothers' bankruptcy was a devastating blow to the many noteholders who lost almost everything, but other savvy investors, including hedge fund billionaire John Paulson, have made out well (Wed, 08 Jun 2011 12:00:10 -0700)

Fontainebleau bankruptcy trustee seeks to recover millions
The bankruptcy trustee for the stalled $2.9 billion Fontainebleau Las Vegas casino-resort on Wednesday sued its developer, Miami executive Jeff Soffer, claiming he and others are responsible for the failure of the project and losses sustained by creditors. (Wed, 08 Jun 2011 15:56:59 -0700)

Identity thief's bankruptcy fraud trial begins
CONCORD — Identity thief Ramie Marston committed bankruptcy fraud by deliberately failing to report debt she incurred using the names and Social Security numbers of unsuspecting victims. Either that, or Marston failed to report the debt she racked... (Wed, 08 Jun 2011 23:16:20 -0700)

Inheritance Rules After You've Filed for Bankruptcy
Filing for bankruptcy's impact on an inheritance. (Thu, 09 Jun 2011 07:02:59 -0700)

Bankruptcy Risk Nearly Doubles in Year After Cancer Diagnosis
Title: Bankruptcy Risk Nearly Doubles in Year After Cancer Diagnosis Category: Health News Created: 6/8/2011 4:06:00 PM Last Editorial Review: 6/9/2011 (Thu, 09 Jun 2011 21:23:54 -0700)

Twists in Giordano's bankruptcy case
The man who was forced to give up control of Chicago pizza chain Giordano's and its bankruptcy case took dramatic, last-minute steps to derail the handover of the company to a court-appointed trustee. (Thu, 09 Jun 2011 22:17:06 -0700)

InChargeDebt Solutions to Exhibit at Bankruptcy Conference in Lake Harmony, PA, June 17-18, 2011
Nonprofit bankruptcy services showcased at Middle District Bankruptcy Bar Association Annual Conference (Fri, 10 Jun 2011 05:25:00 -0700)

Xanadoo, 4G Internet Provider, Seeks Bankruptcy Protection From Creditors
Xanadoo Holdings Inc. , a wireless Internet service provider, sought bankruptcy protection from creditors without citing a reason for the filing. (Fri, 10 Jun 2011 08:58:55 -0700)

Jefferson County closer to bankruptcy
Tax bill's defeat means layoffs and reduced services. (Sat, 11 Jun 2011 05:37:42 -0700)

Giordano's strange journey in bankruptcy
John Apostolou's businesses owe $45.5 million to Fifth Third Bank, and he has been forced to relinquish control of pizza chain he has owned since 1988. His ties with a sovereign citizens group are complicating court proceedings. John Apostolou sits in a cafe at Rush and Superior streets, across from a popular Giordano's pizzeria in the tourist-teeming neighborhood. He would like to be inside the ... (Sat, 11 Jun 2011 12:47:43 -0700)

Southern Indiana's US bankruptcy judge reappointed
EVANSVILLE, Ind. -- The federal bankruptcy judge for southern Indiana has a second 14-year term. (Sun, 12 Jun 2011 07:25:12 -0700)

Bankruptcy petition for June 13
Bankruptcy petition for June 13 (Sun, 12 Jun 2011 21:20:05 -0700)

Perkins & Marie Callender’s, Pancake Restaurant Owner, Files Bankruptcy
Perkins & Marie Callender’s Inc., the owner or franchiser of about 600 restaurants, filed for bankruptcy amid reduced consumer spending and higher costs for staples such as sugar, eggs, coffee and dairy products. (Mon, 13 Jun 2011 05:58:45 -0700)

Perkins & Marie Callender’s Files Bankruptcy as Costs Rise
Perkins & Marie Callender’s Inc., the owner or franchiser of about 600 restaurants, filed for bankruptcy amid reduced consumer spending and higher costs for staples such as sugar, eggs, coffee and dairy products. (Mon, 13 Jun 2011 06:44:15 -0700)

Perkins files for bankruptcy; local restaurants closed
Perkins & Marie Callender's Inc. filed for Chapter 11 bankruptcy protection Monday after securing key creditors' support for a plan to slash the company's... (Mon, 13 Jun 2011 07:20:35 -0700)

Perkins parent files for bankruptcy protection
Restaurant owner Perkins & Marie Callender's Inc. on Monday filed for Chapter 11 bankruptcy protection, brought down by tough competition, the weak economy and rising food costs. (Mon, 13 Jun 2011 08:27:08 -0700)

Restaurant owner Perkins files for bankruptcy
Restaurant owner Perkins & Marie Callender's Inc. today filed for bankruptcy protection, brought down by tough competition, the weak economy and rising food costs. (Mon, 13 Jun 2011 08:54:40 -0700)

Bankruptcy Attorney to Bernanke: Get a backbone!
A prominent Bankruptcy attorney is calling on Washington not to back down on banking reforms. (Mon, 13 Jun 2011 09:55:00 -0700)

A Bankruptcy Court Rejects Law Barring Same-Sex Marriage
Twenty of the court’s 24 judges signed a judgment against the 1996 federal law barring same-sex marriage. (Mon, 13 Jun 2011 17:53:46 -0700)

Bankruptcy judge approves financing for Perkins
Perkins & Marie Callender's Inc., the owner or franchiser of about 600 restaurants, won court approval of $16 million in interim financing to help fund operations while in bankruptcy. (Tue, 14 Jun 2011 10:12:57 -0700)

Bankruptcy Court declares Defense of Marriage Act invalid
The largest bankruptcy court in the country has declared the 1996 Defense of Marriage Act a violation of the Constitution's equal protection guarantee. The decision signed by 20 judges of the U.S. Bankruptcy Court for the Central District of California... (Tue, 14 Jun 2011 12:33:57 -0700)

Bankruptcy court rules against gay-marriage ban
The country's largest consumer bankruptcy court has sided with a gay couple seeking to file a joint bankruptcy petition, taking the extraordinary step of deciding the federal law prohibiting same-sex marriages is unconstitutional. (Tue, 14 Jun 2011 16:11:46 -0700)

Bankruptcy court rules against gay-marriage ban
The country's largest consumer bankruptcy court has sided with a gay couple seeking to file a joint bankruptcy petition, taking the extraordinary step of deciding the federal law prohibiting same-sex marriages is unconstitutional. (Tue, 14 Jun 2011 16:11:46 -0700)

California bankruptcy court rules against gay-marriage ban
The country's largest consumer bankruptcy court has sided with a gay couple seeking to file a joint bankruptcy petition, taking the extraordinary step of deciding the federal law prohibiting same-sex marriages is unconstitutional. (Tue, 14 Jun 2011 16:49:18 -0700)

A California Bankruptcy Court Rejects U.S. Law Barring Same-Sex Marriage
A bankruptcy court in California has declared that the 1996 law barring federal recognition of same-sex marriage is unconstitutional, increasing pressure against the law. (Tue, 14 Jun 2011 21:40:07 -0700)

Defense of Marriage Act called unconstitutional by bankruptcy judge
Ruling is first to address the issue since the Obama administration announced it would no longer defend the law. The nation's largest bankruptcy court has declared a controversial law banning federal recognition of gay marriages unconstitutional. (Tue, 14 Jun 2011 22:04:15 -0700)

Bankruptcy court blasts Defense of Marriage Act
The latest legal manifesto for gay rights comes from an unlikely source - a 20-judge federal bankruptcy court, which unanimously declared that a law denying federal benefits to same-sex couples is unconstitutional. "... (Tue, 14 Jun 2011 23:24:07 -0700)

Bankruptcy Court Declares DOMA Unconstitutional
Most of L.A court backs Judge Thomas Donovan's ruling that there is no valid government basis for the Defense of Marriage Act. (Wed, 15 Jun 2011 00:05:17 -0700)

How to Recover From a Bankruptcy
SCOTTSDALE, AZ--(Marketwire - 06/15/11) - It's not just happening to you. If you've filed for bankruptcy recently, you're among thousands of Americans who file each month in the U.S. "More than 1.5 million Americans filed for personal bankruptcy last year, according to the National Bankruptcy Research Center," says Kristy Welsh, editor of Creditinfocenter.com . "That's the highest level since ... (Wed, 15 Jun 2011 09:59:00 -0700)

Bankruptcy courts reject DOMA
Same-sex married couples are finding a surprising ally in their fight to be treated the same as their heterosexual counterparts: federal bankruptcy judges. (Wed, 15 Jun 2011 19:51:28 -0700)

WaMu bankruptcy talks break down
Washington Mutual Inc. will scrap a proposed bankruptcy reorganization plan after negotiations to resolve shareholders' objections failed. (Thu, 16 Jun 2011 08:54:53 -0700)

InCharge Debt Solutions Showcases Bankruptcy and Housing Counseling Services at Florida Bar Convention
Orlando-based nonprofit's financial counseling services shown to legal professionals at June 22-25 event (Thu, 16 Jun 2011 11:41:00 -0700)

WaMu bankruptcy talks break down
Washington Mutual Inc. is scrapping a proposed bankruptcy reorganization plan after negotiations to resolve shareholders' objections failed. (Thu, 16 Jun 2011 16:30:39 -0700)

Bankruptcy Court Issues Ruling on Pittsburgh Corning Reorganization Plan
The United States Bankruptcy Court for the Western District of Pennsylvania issued a decision denying confirmation of the most recent amended plan of reorganization, filed on Jan. 29, 2009, for Pittsburgh Corning Corp. after normal business hours last evening. (Fri, 17 Jun 2011 06:29:00 -0700)

Station Casinos Emerges From Bankruptcy
Las Vegas locals gaming leader Station Casinos LLC exited Chapter 11 bankruptcy protection Friday, nearly two years after seeking court protection. "It's been a long battle, but it's finally done. We are very excited," Kevin Kelly, chief operating officer (Fri, 17 Jun 2011 12:12:49 -0700)

Station Casinos Exits Bankruptcy After Almost Two Years in Chapter 11
Station Casinos Inc., the biggest U.S. gambling company in bankruptcy, exited Chapter 11 almost two years after seeking court protection. (Fri, 17 Jun 2011 12:43:35 -0700)

Creditors pan Innkeepers' bankruptcy exit plan
Innkeepers USA Trust's plan to sell its assets and exit bankruptcy met a raft of objections on Friday as creditors prepared to hash out the merits of the sale at a confirmation hearing next week. (Fri, 17 Jun 2011 17:13:37 -0700)

Bankruptcy doesn't make debt disappear
Dear Bankruptcy Adviser, I received my bankruptcy discharge almost a year ago. One of the debts that I was able to discharge was for a mobile phone service provider. Recently, I contacted that company to open a new account. (Sat, 18 Jun 2011 04:46:44 -0700)

Bankruptcy would be 'catastrophic' warns Greek PM
Prime Minister George Papandreou appealed to Greeks today to support austerity reforms and avoid a catastrophic bankruptcy. (Sun, 19 Jun 2011 13:07:05 -0700)

Bankruptcy petitions for June 20
Bankruptcy petitions for June 20 (Sun, 19 Jun 2011 21:16:26 -0700)

Bankruptcy Bar Association prepares for new year
Attorney Jacob Brown with Akerman Senterfitt clerked for U.S. Bankruptcy Judge Jerry Funk and knew Proctor. Brown announced the scholarship at the annual meeting of the bankruptcy bar Wednesday at The River Club Downtown. (Mon, 20 Jun 2011 09:02:35 -0700)

Hawaii Biotech Exits Bankruptcy
HONOLULU, HI--(Marketwire - 06/20/11) - Hawaii Biotech, Inc., (HBI), a Hawaii-founded biotech company focused on the development of recombinant protein subunit vaccines for infectious disease, announced today that Judge Robert Faris, presiding judge in Federal Bankruptcy Court in Hawaii, ruled to confirm the company's plan of reorganization and approve distributions and close the bankruptcy ... (Mon, 20 Jun 2011 14:02:00 -0700)

Bankruptcy judge OK's final round of fees for Cedar Funding liquidation
SAN JOSE - A San Jose bankruptcy judge approved a final round $1.34 million in fees and costs for attorneys and financial experts who handled the liquidation of Monterey mortgage lender Cedar Funding. (Mon, 20 Jun 2011 16:44:07 -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, 21 Jun 2011 03:00:00 -0700)

Greek Bankruptcy Nears; Will Greece Leave the Euro? EIN News Offers Latest News
EIN News / It seems that Greece's worst days are still ahead. (Tue, 21 Jun 2011 05:50:00 -0700)

Barnes & Noble Hurt by Borders Bankruptcy
NEW YORK (TheStreet) -- While it would seem Borders bankruptcy would be a boon for Barnes & Noble, the chain's going-out-of-business sales around the country put pressure on Barnes & Noble in the fourth quarter. The book giant reported a loss of $59.4 million, or $1.04 a share, nearly double the $32 million loss, or 58 cents a share, in the fourth quarter last year. Analysts were calling for a ... (Tue, 21 Jun 2011 06:34:39 -0700)

14 Restaurant Stocks at Bankruptcy Risk
NEW YORK (TheStreet) -- Amid concern over a possible double-dip recession -- or at least some stall in the recovery -- in the midst of rising gasoline and food prices, bankruptcy is a real concern for any company, and the restaurant sector is certainly not immune. American diners spent 40.5% of their food budgets eating away from home in 2010, down just slightly from 41% in 2006, according to ... (Tue, 21 Jun 2011 06:34:54 -0700)

Measuring a Brand for a Bankruptcy Suit
Someone once quipped that "bankruptcy is a legal proceeding in which you put your money in your pant (Tue, 21 Jun 2011 07:42:58 -0700)

Bankruptcy Not Worst Thing for Credit
If you're headed for hard times, the right moves can hasten your credit's recovery. (Tue, 21 Jun 2011 11:01:13 -0700)

Bankruptcy Foreclosure Issue Reversed on Appeal, Says John Joseph Volin, P.C.
John Joseph Volin, P.C., Arizona bankruptcy lawyers, say the reversal of the bankruptcy court’s order by the U.S. Bankruptcy Appellate Panel of the Ninth Circuit in IN RE VEAL will impact mortgage lenders nationwide. (Tue, 21 Jun 2011 12:21:00 -0700)

Former socialite Kluge seeks bankruptcy protection
Former Virginia socialite and winemaker Patricia Kluge and her husband have filed for personal bankruptcy protection after failing to reach a settlement with several banks. (Tue, 21 Jun 2011 13:20:49 -0700)

In Bankruptcy Court, a giant step for same-sex marriage
Twenty judges in a Los Angeles courtroom declare the Defense of Marriage Act unconstitutional in a decision that underscores how real life often makes the tortured debating points of politicians irrelevant. The most important recent advance on the marriage equality front didn't occur in the halls of Congress or a state legislature, or the chambers of the federal appellate court pondering the ... (Tue, 21 Jun 2011 16:21:27 -0700)

Harrisburg City Council Takes Steps to Prepare for Possible Bankruptcy
Harrisburg, the capital of Pennsylvania, may prepare a bankruptcy petition even as consultants working for the state try to avoid it. (Tue, 21 Jun 2011 21:22:30 -0700)

La Polar Pitches Chilean Stock Sale to Avoid Second Bankruptcy Since 1999
Empresas La Polar SA (LAPOLAR) is seeking to avert a second bankruptcy in 12 years by selling shares worth almost twice the Chilean retailer’s market value after loan losses triggered an 80 percent tumble in less than two weeks. (Tue, 21 Jun 2011 21:23:25 -0700)

Trustees oppose bankruptcy discharge
For creditors it is not good news. (Wed, 22 Jun 2011 06:03:57 -0700)

Rugby side Stade risk bankruptcy, says Guazzini
Ailing French rugby giants Stade Francais face bankruptcy if they don't find several million euros before they appear in front of the financial committee of the National Rugby League (LNR) next Monday their president Max Guazzini told AFP on Wednesday. (Wed, 22 Jun 2011 09:21:20 -0700)

Pa. lawmakers move to stop Harrisburg bankruptcy
State lawmakers on Wednesday advanced a bill that would effectively take away the ability of Harrisburg to file for federal bankruptcy protection if it does not follow the advice of a state task force set up to give it financial guidance. (Wed, 22 Jun 2011 15:09:28 -0700)

Fox reportedly wouldn't back Frank McCourt in a bankruptcy scenario
If it came to it, Fox would tell bankruptcy judge it is not bound to Dodgers TV deal because there is no contract, people familiar with matter say, leaving McCourt with one fewer option going forward. Fox would not stand by Frank McCourt if the Dodgers owner were to ask a bankruptcy judge to order approval of the television contract rejected this week by Commissioner Bud Selig, two people ... (Wed, 22 Jun 2011 21:57:40 -0700)

Fox reportedly wouldn't back Frank McCourt in a bankruptcy scenario
If it came to it, Fox would tell bankruptcy judge it is not bound to Dodgers TV deal because there is no contract, people familiar with matter say, leaving McCourt with one fewer option going forward. If it came to it, Fox would tell bankruptcy judge it is not bound to Dodgers TV deal because there is no contract, people familiar with matter say, leaving McCourt with one fewer option going ... (Thu, 23 Jun 2011 00:22:01 -0700)

Bankruptcy courts’ powers pared down
Anna Nicole Smith's estate loses a plea for some $89 million from her now-deceased tycoon husband's riches, and the specialized federal bankruptcy courts lose some of their authority in a 5-4 decision by the Court. (Thu, 23 Jun 2011 08:54:20 -0700)

Aurelius withdraws support of WaMu bankruptcy plan
Washington Mutual Inc.'s bankruptcy reorganization plan is now being challenged by a hedge fund that supported it. (Thu, 23 Jun 2011 09:24:15 -0700)

Harrisburg, Pennsylvania still weighing bankruptcy
As Pennsylvania's deeply indebted capital of Harrisburg weighs the state's rescue plan, lawmakers are at odds over whether chapter 9 municipal bankruptcy should still be on the table. (Thu, 23 Jun 2011 10:46:29 -0700)

Electric-vehicle maker Think files for bankruptcy in Norway
Electric-vehicle maker Think Global has filed for bankruptcy in Norway, its home country. The company is among the older manufacturers of battery-powered cars, emerging more than 20 years ago and launching its Think City model in 1999. Think has struggled... (Thu, 23 Jun 2011 10:57:42 -0700)

Bankruptcy looming for Sweden’s Saab
Saab, the Swedish car company renowned for its sometimes quirky designs, moved closer to bankruptcy Thursday after it conceded that it didn’t have any money to pay employees’ wages. (Thu, 23 Jun 2011 11:04:49 -0700)

Saab faces bankruptcy
Saab is on the brink of bankruptcy after the car maker admitted it cannot pay the wages and salaries of its 3700 employees. (Fri, 24 Jun 2011 07:34:41 -0700)

Pa. gov. would sign Harrisburg bankruptcy bill
Gov. Tom Corbett said Thursday that he would sign a bill pending in the state Legislature that would clamp down on the ability of the state's financially troubled capital city to file for federal bankruptcy protection. (Fri, 24 Jun 2011 07:38:33 -0700)

Electric Carmaker Think Files For Bankruptcy - Again
It looks like the end of a long and winding road for Think, the pioneering Norwegian electric carmaker. (Fri, 24 Jun 2011 09:57:58 -0700)

Bankruptcy term to be shortened
Bankruptcy will be dischargeable after five years rather than the current 12 under new legislation published by Minister for Justice Alan Shatter. (Fri, 24 Jun 2011 10:22:31 -0700)

Bill to allow bankruptcy to end after five years
PEOPLE WILL be released from bankruptcy after five years rather than the current 12 years once certain conditions are met, under new legislation published by Minister for Justice Alan Shatter. (Fri, 24 Jun 2011 17:53:11 -0700)

What bankruptcy means for joint account owners
Q. My son, 40, is named on all of my accounts as either a joint owner or a beneficial owner. I think he may declare bankruptcy. What would that mean for these accounts? — HJ A. It’s common for parents... (Sun, 26 Jun 2011 04:55:21 -0700)

HBT: Dodgers file for bankruptcy
HBT: The Los Angeles Dodgers filed for bankruptcy protection in a Delaware court Monday, blaming Major League Baseball for refusing to approve a multibillion-dollar TV deal that owner Frank McCourt was counting on to keep the troubled team afloat. (Mon, 27 Jun 2011 05:56:06 -0700)

L.A. Dodgers file for bankruptcy
The Los Angeles Dodgers filed for bankruptcy court protection early Monday, less than a week after Major League Baseball blocked the team from signing a new television deal to provide it with the cash it needed to meet the team's payroll. (Mon, 27 Jun 2011 06:40:26 -0700)

Dodgers File for Bankruptcy
The Los Angeles Dodgers filed for bankruptcy protection in a Delaware court Monday, blaming Major League Baseball for refusing to approve a multibillion-dollar TV deal that owner Frank McCourt was counting on to keep the troubled team afloat. (Mon, 27 Jun 2011 06:52:55 -0700)

Los Angeles Dodgers Seek Chapter 11 Bankruptcy Protection
The Los Angeles Dodgers filed for bankruptcy protection after Major League Baseball rejected a television deal that owner Frank McCourt said would have assured financial stability for the team. (Mon, 27 Jun 2011 06:55:01 -0700)

Dodgers file for bankruptcy protection
Major League Baseball's Los Angeles Dodgers filed for bankruptcy protection Monday in an effort to restructure its debt, court documents showed. (Mon, 27 Jun 2011 07:10:38 -0700)

Dodgers file for bankruptcy after failed TV deal
The Los Angeles Dodgers filed for bankruptcy protection in a Delaware court Monday, blaming Major League Baseball for refusing to approve a multibillion-dollar TV deal that owner Frank McCourt was counting on to keep the troubled team afloat. (Mon, 27 Jun 2011 07:16:31 -0700)

Los Angeles Dodgers file for bankruptcy
The Los Angeles Dodgers filed for bankruptcy court protection early Monday, less than a week after Major League Baseball blocked the team from signing a new television deal to provide it with the cash it needed to meet the team's payroll. (Mon, 27 Jun 2011 07:23:35 -0700)

Dodgers file for bankruptcy protection in Delaware
The Los Angeles Dodgers filed for bankruptcy protection in a Delaware court Monday, blaming the refusal of Major League Baseball to approve a multibillion-dollar TV deal that owner Frank McCourt was counting on to keep the troubled team afloat. (Mon, 27 Jun 2011 07:31:03 -0700)

Los Angeles Dodgers baseball team files bankruptcy
The Los Angeles Dodgers filed for bankruptcy protection, blaming Major League Baseball Commissioner Bud Selig for rejecting a television deal that would have given the financially strapped baseball team a quick injection of cash. (Mon, 27 Jun 2011 07:45:57 -0700)

Dodgers bankruptcy: Frank McCourt says Bud Selig forced the move
The Dodgers announce they have filed for bankruptcy protection for the financial good of the team. If the court approves interim financing, owner Frank McCourt could meet Thursday's payroll and remain in control of the Dodgers through bankruptcy proceedings. The Dodgers filed for bankruptcy protection Monday in a move that owner Frank McCourt said would stabilize the financial future of the team ... (Mon, 27 Jun 2011 07:48:47 -0700)

Los Angeles Dodgers file for bankruptcy
The Los Angeles Dodgers filed for bankruptcy court protection early Monday, less than a week after Major League Baseball blocked the team from signing a new television deal to provide it with the cash it needed to meet the team's payroll. (Mon, 27 Jun 2011 08:06:05 -0700)

Los Angeles Dodgers file for bankruptcy protection
The Los Angeles Dodgers filed for bankruptcy protection in a Delaware court Monday, blaming Major League Baseball for refusing to approve a multibillion-dollar TV deal that owner Frank McCourt was counting on to keep the troubled team afloat. The Chapter 11 financing permits the Dodgers to use $150 million for daily operations and buys time for the team to seek a media deal and ensure the... (Mon, 27 Jun 2011 08:06:20 -0700)

Bankruptcy protection sought by Dodgers: Will it affect ownership of the team?
Frank McCourt, the financially-strapped owner of the Los Angeles Dodgers, has thrown Major League Baseball a curveball in the battle over who will own the team: On Monday he declared Chapter 11 bankruptcy. (Mon, 27 Jun 2011 12:08:56 -0700)

Tribune's creditors make final bankruptcy pitch
WILMINGTON, Delaware (Reuters) - Two years after real-estate mogul Sam Zell's brief control of Tribune Co ended in bankruptcy, warring creditors made their final pitches on Monday for the best way to get the owner of the Los Angeles Times out of Chapter 11. (Mon, 27 Jun 2011 12:12:07 -0700)

Bankruptcy protection sought by Dodgers: Will it affect ownership of the team?
Bankruptcy filing by Dodgers owner Frank McCourt throws a curveball at Major League Baseball. But sports analysts say the move only delays the inevitable: MLB will find a new owner. (Mon, 27 Jun 2011 12:18:48 -0700)

Los Angeles Dodgers baseball team files bankruptcy
The Los Angeles Dodgers filed for bankruptcy protection on Monday, blaming Major League Baseball for rejecting a television deal that would have given the storied baseball team an urgent injection of cash. (Mon, 27 Jun 2011 14:26:05 -0700)

Bankruptcy protection sought by Dodgers: Will it affect ownership of the team?
Bankruptcy filing by Dodgers owner Frank McCourt throws a curveball at Major League Baseball. But sports analysts say the move only delays the inevitable: MLB will find a new owner. (Mon, 27 Jun 2011 19:31:25 -0700)

Bankruptcy in Big Leagues
When I served as the Commissioner of baseball back in the day we worried about the unpredictable consequences of a club going into bankruptcy. Now the Los Angeles Dodgers have filed for court protection in bankruptcy and we will soon find out whether our concerns were sensible. (Mon, 27 Jun 2011 21:28:06 -0700)

Dodgers Go to Court for Bankruptcy Loan as McCourt Seeks Television Deal
The Los Angeles Dodgers, driven into bankruptcy by what the baseball team called “a perfect storm,” is set to seek court permission today to draw on a $150 million loan as owner Frank McCourt looks to salvage its finances. (Mon, 27 Jun 2011 21:29:18 -0700)

Bankruptcy Q&A: Dodgers closer to a resolution
With the Dodgers filing for bankruptcy protection, Frank McCourt is a step closer to keeping — or losing — the team. Here's what will happen next in court, Bud Selig's likely actions and more. The Dodgers have filed for bankruptcy protection and the first step in the process is a court hearing Tuesday in which owner Frank McCourt will ask the judge to approve the interim financing that would ... (Tue, 28 Jun 2011 00:06:44 -0700)

Dodgers file for bankruptcy
The Dodgers filed for bankruptcy protection Monday, a move that owner Frank McCourt said would stabilize the financial future of the team. McCourt said the filing became necessary because Major League Baseball refused... (Tue, 28 Jun 2011 00:21:43 -0700)

Bankruptcy Certificates to be Provided by Nonprofit Credit Counseling Agency
Debt Management Credit Counseling Corp (http://www.dmcconline.org), a nonprofit charitable organization (“DMCC”), is now providing bankruptcy certificates for the pre-filing counseling and pre-discharge education required under the U.S. Bankruptcy Code. Consumers are not required to pay for the counseling or education course in advance. Open accounts are provided to ... (Tue, 28 Jun 2011 00:32:24 -0700)

Dodgers Bankruptcy Filing Could Help Mark Cuban Buy The Team
if this bankruptcy filing has any parallels with what happened with the Texas Rangers during the sum (Tue, 28 Jun 2011 06:35:43 -0700)

Major League Baseball slams Frank McCourt in bankruptcy court filing
The league proposes a bankruptcy financing plan for Dodgers on Tuesday, mincing no words in blaming McCourt for team's current financial predicament. (Tue, 28 Jun 2011 09:35:36 -0700)

Battle Over Dodgers Moves on in Bankruptcy Court
Dodgers' financing deal reached in bankruptcy court but battle for control of team looms (Tue, 28 Jun 2011 10:01:08 -0700)

Bankruptcy judge clears way for $150-million loan to Dodgers
Frank McCourt gets emergency funding that will leave him running the Dodgers for now, forcing Major League Baseball to yield control of the team and staving off auction of cable rights. Reporting from Delaware and Los Angeles -- A Delaware judge has cleared the way for Frank McCourt to borrow $150 million from a hedge fund to cover his looming bills, keeping the embattled Dodgers owner in charge ... (Tue, 28 Jun 2011 20:38:15 -0700)

Battle Over Dodgers Moves on in Bankruptcy Court
Interim financing deal will allow Dodgers to keep playing during bankrutpcy, but battle looms (Wed, 29 Jun 2011 01:00:31 -0700)

Lehman files new bankruptcy plan
NEW YORK (Reuters) - Lehman Brothers Holdings Inc filed a new $65 billion bankruptcy liquidation plan that it said has won wider support, possibly setting the stage for the end of the biggest bankruptcy in U.S. history. (Wed, 29 Jun 2011 10:24:37 -0700)

Feds appeal bankruptcy ruling against marriage ban
The Obama administration appealed a bankruptcy court ruling that found the federal ban on gay marriage unconstitutional. (Wed, 29 Jun 2011 15:16:15 -0700)

Moral Hazard And The Dodgers Bankruptcy Bailout
A Bankruptcy judge is not the best person to decide whether McCourt should own the team, if creditor (Wed, 29 Jun 2011 15:56:50 -0700)

Obama Administration Appeals Bankruptcy Ruling Against Gay Marriage Ban
The Obama administration appealed a bankruptcy court ruling that found the federal ban on gay marriage unconstitutional. (Wed, 29 Jun 2011 17:19:35 -0700)

Bankruptcy filing changes the playing field for Frank McCourt's struggle with Major League Baseball
His risky move into Bankruptcy Court has the league pondering its options in the battle for the Dodgers. The baseball season had just begun and, already, Frank McCourt was struggling to make payroll for his Dodgers ballclub. Major League Baseball executives quickly huddled to discuss strategy. (Wed, 29 Jun 2011 19:20:46 -0700)

Bankruptcy filing changes the playing field for Frank McCourt's struggle with Major League Baseball
His risky move into Bankruptcy Court has the league pondering its options in the battle for the Dodgers. His risky move into Bankruptcy Court has the league pondering its options in the battle for the Dodgers. (Wed, 29 Jun 2011 22:38:27 -0700)

Los Angeles Dodgers' bankruptcy could hurt Glendale
The Los Angeles Dodgers' bankruptcy could ripple all the way to Glendale, where the team trains in the spring. (Wed, 29 Jun 2011 23:45:02 -0700)

The CBO's Ticking Bankruptcy Bomb
Last week, the Congressional Budget Office (CBO) issued their Long Term Budget Outlook for 2011.  The report closely validates my own analysis in my new book America's Ticking Bankruptcy Bomb, released this month by HarperCollins.CBO reports that the national debt is already the highest in history except for World War II, reaching roughly 70% of GDP this year.  On our current course, CBO ... (Thu, 30 Jun 2011 13:03:59 -0700)


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