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Home > Bankruptcy News

Bankruptcy News Jul 2011

Bankruptcy judge sets 10 hearing dates in Dodgers case through January
The next hearing date is set for July 20, when the judge is to consider whether Dodgers owner Frank McCourt or Major League Baseball should fund the team during the bankruptcy process. The next hearing date is set for July 20, when the judge is to consider whether Dodgers owner Frank McCourt or Major League Baseball should fund the team during the bankruptcy process. (Fri, 01 Jul 2011 00:21:54 -0700)

Dodgers' bankruptcy lawyers to put Bud Selig under oath
The lawyers are determined to get sworn testimony that MLB had a "predetermined" outcome of ousting McCourt from ownership. The lawyers are determined to get sworn testimony that MLB had a "predetermined" outcome of ousting McCourt from ownership. (Fri, 01 Jul 2011 00:35:36 -0700)

Big Lehman creditor group backs bankruptcy plan
NEW YORK/BANGALORE (Reuters) - Lehman Brothers Holdings Inc said creditors holding more than $100 billion of claims now support its reorganization plan, moving the company closer to emerging from the largest-ever U.S. bankruptcy. (Fri, 01 Jul 2011 07:19:46 -0700)

Bankruptcy helps stop some foreclosures
When many struggling homeowners ask their banks for help, they become lost in a maze of transferred phone calls, missing documents and delays – with no hope of the mortgage assistance they were seeking. (Sun, 03 Jul 2011 13:14:42 -0700)

Kassab: Bankruptcy helps stop some foreclosures
When many struggling homeowners ask their banks for help, they become lost in a maze of transferred phone calls, missing documents and delays – with no hope of the mortgage assistance they were seeking. (Sun, 03 Jul 2011 16:22:09 -0700)

Hamburg, NY Bankruptcy Attorney Dennis C. Gaughan Launches New Website.
The Hamburg, NY law firm of Dennis C. Gaughan recently launched a website to make it easier than ever to connect with an experienced Bankruptcy lawyer or get answers to basic legal questions.Hamburg, NY (PRWEB) July 05, 2011 The Hamburg, NY law firm of Dennis C. Gaughan recently launched their website, providing a valuable online legal resource to current and potential clients.The site offers ... (Tue, 05 Jul 2011 00:34:38 -0700)

Underwater home safe from bankruptcy court
Would a trustee take an underwater house if one co-owner files bankruptcy? (Tue, 05 Jul 2011 03:00:00 -0700)

Dodgers' bankruptcy filing claims Bud Selig treats other teams with 'velvet glove'
The Dodgers and their attorneys now have asked the court to order Major League Baseball to hand over a raft of documents (Tue, 05 Jul 2011 10:12:12 -0700)

Federal bankruptcy program works to keep people in their homes
By Mark Puente, Times Staff Writer Tuesday, July 5, 2011 A program pioneered in federal court in Orlando to help prevent foreclosures by trimming monthly payments and sometimes forgiving mortgage principal is coming to the Tampa Bay area. The Orlando program has a higher success rate than the mediation required in foreclosures in state courts. Borrowers in the federal program are being given ... (Tue, 05 Jul 2011 15:39:49 -0700)

Des Moines developer Walters files for personal bankruptcy
Developer Randy Walters has filed for personal bankruptcy less than three months after an unsuccessful attempt to reorganize his commercial real estate business, federal bankruptcy records show. (Wed, 06 Jul 2011 02:11:47 -0700)

Declared Bankruptcy? You Can Still be an Authorized User
If you declare bankruptcy can you still be listed as an authorized user on a credit card? (Wed, 06 Jul 2011 07:40:32 -0700)

Fewer Americans File for Bankruptcy
Filings in June were down, but that may not indicate an improving economy. (Wed, 06 Jul 2011 10:22:27 -0700)

Bankruptcy filings slow in second quarter
Bankruptcy filings dropped in the second quarter of 2011, falling about 13 percent from a year ago. (Wed, 06 Jul 2011 14:04:41 -0700)

Fewer Americans Filing for Bankruptcy
Filings in June were down 6.2 percent from May and almost 10 percent lower than in June 2010, but that may not indicate an improving economy. (Wed, 06 Jul 2011 15:23:22 -0700)

Fewer Americans File for Bankruptcy
Filings in June were down, but that may not indicate an improving economy. (Wed, 06 Jul 2011 16:52:55 -0700)

Bankruptcy court won't want underwater home
Dear Bankruptcy Adviser, My ex-wife is still on the title to our house but I am the only name on the mortgage , which is current. She is filing for bankruptcy and said that the lawyer needs information regarding the house. (Thu, 07 Jul 2011 04:47:54 -0700)

Bankruptcy hearing for UB40 men
Five founder members of the West Midlands reggae band UB40 are fighting attempts to declare them bankrupt. (Thu, 07 Jul 2011 05:00:38 -0700)

Bankruptcy Trust Sells Three Former GM Plants
The trust, created by?a U.S. Bankruptcy Court, hopes the sales in Mich. and Ohio will encourage economic growth in their respective communities. (Thu, 07 Jul 2011 06:59:46 -0700)

Judge sides with MLB in Dodgers' bankruptcy hearing
Bankruptcy judge rules MLB Commissioner Bud Selig will not have to provide sworn testimony and denies the team's request for documents. (Thu, 07 Jul 2011 09:27:29 -0700)

Dodgers Bankruptcy Judge Refuses to Let Team Question Selig
The judge overseeing the Los Angeles Dodgers’ bankruptcy rejected the team’s request to question Major League Baseball Commissioner Bud Selig under oath, saying it wasn’t relevant to the team’s bankruptcy loan. (Thu, 07 Jul 2011 12:00:21 -0700)

Ambac files bankruptcy reorganization plan
Ambac Financial Group Inc. has filed a reorganization plan with the U.S. Bankruptcy Court for the Southern District of New York. (Thu, 07 Jul 2011 15:51:28 -0700)

Bankruptcy judge sides with Major League Baseball in Dodgers' request for documents
He rejects team's demands to depose Commissioner Bud Selig and obtain a wide range of documents about other teams' financial, security and television deals. What do the finances of the New York Mets, the security protocol at Angel Stadium and the cable television contract of the Seattle Mariners have to do with how to keep the Dodgers from running out of money this season? (Thu, 07 Jul 2011 17:48:06 -0700)

Bankruptcy judge sides with Major League Baseball in Dodgers' request for documents
He rejects team's demands to depose Commissioner Bud Selig and obtain a wide range of documents about other teams' financial, security and television deals. What do the finances of the New York Mets, the security protocol at Angel Stadium and the cable television contract of the Seattle Mariners have to do with how to keep the Dodgers from running out of money this season? (Thu, 07 Jul 2011 18:49:33 -0700)

Charlotte, NC Bankruptcy Attorney Jack G. Lezman, PA Launches New Website
The Charlotte, NC law firm of Jack G. Lezman, PA recently launched a website to make it easier than ever to connect with an experienced bankruptcy lawyer or get answers to basic legal questions.Charlotte, NC (PRWEB) July 08, 2011 The Charlotte, NC law firm of Jack G. Lezman, PA recently launched their website, providing a valuable online legal resource to current and potential clients. The site ... (Fri, 08 Jul 2011 00:54:16 -0700)

Indianapolis, IN Bankruptcy Attorney Edgardo Martinez Named 2011 Indiana Super Lawyer
Super Lawyers magazine names Indianapolis, IN Bankruptcy Attorney Edgardo Martinez of The Law Office of Edgardo Martinez, LLC one of the top attorneys in Indiana for 2011.Indianapolis, IN (PRWEB) July 08, 2011 Indianapolis, IN attorney Edgardo Martinez of The Law Office of Edgardo Martinez, LLC has been named by Indiana Super Lawyers magazine as one of the top attorneys in Indiana for 2011. Only ... (Fri, 08 Jul 2011 01:04:35 -0700)

Racing Santander files for bankruptcy protection
Spanish football club Racing Santander has filed for protection from creditors under Spanish bankruptcy law. Team president Francisco Pernia said on Friday that the club owes more than ?33 million ($47 million). Pernia said "To avoid greater harm, like being relegated, we have filed for bankruptcy protection." Last season, Indian tycoon Ahsan Ali Syed purchased the troubled club and met... (Fri, 08 Jul 2011 04:07:18 -0700)

Business Debt Reduction Excels Over Business Loan and Chapter 11 Bankruptcy
Business debt reduction helps business owner avoid a business loan and Chapter 11 bankruptcy. The corporate turnaround achieved by Debt Free League saved his company from a creditor lawsuit.San Diego, CA (PRWEB) July 08, 2011 Neither a business loan or Chapter 11 bankruptcy could help. Instead, a business debt reduction reached by Debt Free League saved Cesar Gomez from a six-figure collection ... (Fri, 08 Jul 2011 05:02:28 -0700)

Dodgers Bankruptcy Judge Strikes Fan Letters, Scrubs Docket
Los Angeles Dodgers fans can’t post anti-owner letters on the Major League Baseball team’s bankruptcy docket, a judge said, ordering them removed from the court record. (Fri, 08 Jul 2011 13:21:55 -0700)

Feds won't fight bankruptcy by married gay couples
Federal officials no longer plan to contest joint bankruptcy pleadings brought by legally married same-sex couples, a Department of Justice spokeswoman said Friday. (Fri, 08 Jul 2011 17:12:30 -0700)

Fewer people are filing for bankruptcy
As household debt continues to shrink and banks are becoming more willing to work with homeowners on modifying loans, fewer people filed for personal bankruptcy in the first half of the year compared with a year ago. (Fri, 08 Jul 2011 18:20:03 -0700)

Feds will allow bankruptcy by married gay couples
San Francisco— Federal officials no longer plan to contest joint bankruptcy pleadings brought by legally married same-sex couples, a Department of Justice spokeswoman said Friday. (Sat, 09 Jul 2011 03:49:09 -0700)

Bankruptcy filings here seem to be leveling off
Tucson bankruptcy filings - which spiked in recent years due to tight credit, plummeting housing values and the persistently sluggish economy - may have started to level off. (Sat, 09 Jul 2011 22:01:29 -0700)

Bankruptcy Filings May Be Leveling Off
Tucson bankruptcy filings spiked in recent years due to tight credit, plummeting housing values and the persistently sluggish economy. (Sun, 10 Jul 2011 14:56:52 -0700)

Central Falls, RI stares down 'painful' bankruptcy
At the community center in Central Falls, the subsidized lunch for seniors is no longer being served. The pool has been drained. Health screenings have been cancelled. The locks to the building were changed last week, and not even the acting director is allowed inside. (Sun, 10 Jul 2011 16:51:02 -0700)

Central Falls, RI stares down 'painful' bankruptcy
At the community center in Central Falls, the subsidized lunch for seniors is no longer being served. The pool has been drained. Health screenings have been cancelled. The locks to the building were changed last week, and not even the acting director is allowed inside. (Sun, 10 Jul 2011 16:53:14 -0700)

Feds Concede DOMA Fight in Bankruptcy Court
The decision by the DOJ, led by AG Eric Holder Jr., and congressional Republicans leaves intact an order by 20 judges allowing a married same-sex couple to file bankruptcy jointly. (Mon, 11 Jul 2011 00:03:48 -0700)

Central Falls, R.I., Faces Bankruptcy Over Pension Promises
Central Falls, R.I., cannot afford to pay its pension benefits, but a bankruptcy could set off a chain reaction that might put the state itself on the brink. (Mon, 11 Jul 2011 04:22:27 -0700)

Los Angeles Bankruptcy Attorney Michael H. Raichelson Published in the State Bar of California Magazine for Solo and ...
Bankruptcy attorney Michael H. Raichelson’s article outlining bankruptcy basics was recently published in Big News for Smaller Firms, the State Bar of California’s magazine for solo and small firms.Los Angeles, CA (PRWEB) July 11, 2011 Los Angeles Bankruptcy Attorney Michael H. Raichelson’s article describing bankruptcy basics was published in the May 2011 issue of Big News for Smaller Firms ... (Mon, 11 Jul 2011 08:02:12 -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. (Mon, 11 Jul 2011 14:39:10 -0700)

Bankruptcy filings in Phoenix area fall again
Phoenix-area bankruptcy filings dropped in June for the third straight month, continuing a trend of improvement despite sluggish employment. (Mon, 11 Jul 2011 19:20:37 -0700)

Bankruptcy filings indicate Crystal Cathedral interested in other offers
The embattled church requests partial withdrawal from a plan that would make Greenlaw Partners of Orange County the primary bidder for the property, entitling the group to a fee if outbid. Crystal Cathedral bankruptcy filings made Monday appear to indicate that the church is actively interested in offers beyond one made by an Orange County real estate development group two months ago. (Tue, 12 Jul 2011 00:17:51 -0700)

Foreclosed after bankruptcy? It's possible
Bankruptcy might prevent lenders from coming after you, but they still may come after the property later. (Tue, 12 Jul 2011 03:00:00 -0700)

Bankruptcy filings down across WNY
For the sixth straight month this year, bankruptcy filings in Western New York are down significantly from a year ago, as the region continues to buck national trends. (Tue, 12 Jul 2011 03:24:37 -0700)

Foreclosed After Bankruptcy? It's Possible
Bankruptcy might prevent lenders from coming after you, but they still may come after the property later. (Tue, 12 Jul 2011 12:11:01 -0700)

Ex-BearingPoint Directors to Face Lawsuit Over Bankruptcy in State Court
Former BearingPoint Inc. directors will face a $1.88 billion lawsuit over their role in the consulting company’s insolvency in state court, a bankruptcy judge ruled, citing a June Supreme Court decision. (Tue, 12 Jul 2011 12:43:35 -0700)

Bankruptcy Trustee Faces Prison For Embezzling
Michael J. Daly Pleads Guilty; Sentencing Set For Sept. 28 Former federal bankruptcy trustee Michael J. Daly faces up to a year in prison after pleading guilty Tuesday to using his position to embezzle about $11,500 from a bankrupt printing company for which he was responsible. (Tue, 12 Jul 2011 13:25:16 -0700)

L.A. Dodgers Bankruptcy Judge Limits Documents Team Lender Must Give MLB
The judge overseeing the Los Angeles Dodgers bankruptcy restricted the scope of information Major League Baseball can get from the team’s proposed lender, saying it was seeking data that isn’t relevant. (Tue, 12 Jul 2011 13:58:35 -0700)

Bankruptcy court allows Crystal Cathedral to consider new buyers
A bankruptcy judge Tuesday allowed the Crystal Cathedral to consider new buyers for its 40-acre property. The move came after the church's board decided not to go forward with a plan for an Orange County real estate developer to purchase... (Tue, 12 Jul 2011 19:34:17 -0700)

Bankruptcy Watch: 9 Risky Hotel Stocks
NEW YORK (TheStreet) -- Hotel operators have benefited from the return of business travel, though leisure demand continues to lag in the recovery. While room rates and occupancy levels have improved, some individual hoteliers are not out of hot water just yet. Several big-name hotel companies -- such as Marriot and Hyatt -- have shown marked improvement; yet others have been forced to file for ... (Wed, 13 Jul 2011 06:04:05 -0700)

Bankruptcy Filings Down in 2011, Economy Not As ‘Starkly Dysfunctional’
Daily bankruptcy filings in America have lessened-- so is the economic recovery finally taking off? (Wed, 13 Jul 2011 10:08:07 -0700)

InCharge Debt Solutions Showcases Bankruptcy Services at American Bankruptcy Institute Northeast Conference
Orlando-based nonprofit to participate as an exhibitor at July 21-24, 2011 event in Newport, Rhode Island (Wed, 13 Jul 2011 16:31:03 -0700)

Bankruptcy rate down 15% at midyear
Whether that pace continues could depend on what happens with foreclosures, which slowed in the wake of questions about proper signatures on paperwork. (Thu, 14 Jul 2011 06:47:14 -0700)

Bankruptcy divorce ruling could impact RSPs
A Supreme Court of Canada decision that allowed a bankrupt Manitoba man to retain his family farm - and not pay his wife for her share - could have far-reaching implications, a Toronto family-law expert says. (Thu, 14 Jul 2011 08:31:52 -0700)

Bankruptcy law change needed to protect spouses in divorce
The top court says Parliament needs to act to close the gap. (Thu, 14 Jul 2011 12:15:23 -0700)

Bankruptcy divorce ruling could impact RRSPs
A Supreme Court of Canada decision that allowed a bankrupt Manitoba man to retain his family farm — and not pay his wife for her share — could have far-reaching implications, a Toronto family-law expert says. (Thu, 14 Jul 2011 13:28:21 -0700)

MLB reiterates objections to Dodgers' bankruptcy plan
Major League Baseball renewed its objections to the Los Angeles Dodgers' proposed bankruptcy financing, telling a federal court the commissioner's office was offering $150 million in loans at far more favorable terms. (Thu, 14 Jul 2011 21:36:58 -0700)

MLB again objects to Dodgers' bankruptcy plan
Major League Baseball renewed its objections to the Los Angeles Dodgers' proposed bankruptcy financing, telling a federal court the commissioner's office was offering $150 million in loans at far more favorable terms. (Fri, 15 Jul 2011 08:19:32 -0700)

WaMu Fight Over Bankruptcy Exit, Insider Trading to Extend Into Next Week
Washington Mutual Inc. (WAMUQ) , former owner of the biggest U.S. bank to fail, may need four more days of testimony before a judge can rule on claims of insider trading that threaten to disrupt the company’s plan to exit bankruptcy, lawyers said. (Fri, 15 Jul 2011 12:58:36 -0700)

Centerbridge vows to fight Lehman bankruptcy plan
WILMINGTON, Delaware (Reuters) - The Centerbridge hedge fund does not think Lehman Brothers Holding Inc's plan to exit bankruptcy can be confirmed by a judge and it plans to mount a fight against it, according to court documents. (Fri, 15 Jul 2011 12:58:44 -0700)

Bankruptcy court seizes control of View Point Inn
Following a bankruptcy court ruling Thursday, July 14, that the fire-damaged, financially troubled View Point Inn in Corbett will be taken over by a court trustee, the owners announced a plan to try and keep the inn — while also taking shots at state Rep. Matt Wand, a Gresham attorney ... (Fri, 15 Jul 2011 21:37:15 -0700)

Bankruptcy Attorneys of Duncan Law, P.C. Open New Office in Salt Lake City, UT
The bankruptcy law firm of Duncan Law, P.C. opens a new office to serve its bankruptcy and family law clients in the Salt Lake City, UT area.Salt Lake City, UT (PRWEB) July 16, 2011 The law firm of Duncan Law, P.C. announces it has opened a new office to serve its bankruptcy clients in the Salt Lake City, UT area. The new office is located at 275 East South Temple, Suite 150 in Salt Lake City ... (Sat, 16 Jul 2011 00:06:53 -0700)

Bankruptcy on the table for Alabama County: Governor
SALT LAKE CITY (Reuters) - Bankruptcy is still a "very strong possibility" for Alabama's Jefferson County, Governor Robert Bentley said on Saturday -- a move that could make for the largest municipal bankruptcy in U.S. history. (Sat, 16 Jul 2011 12:44:50 -0700)

Bankruptcy suit settled for Brownsville festival
A judge on Thursday approved a settlement that resolves a federal bankruptcy proceeding for the Willamette Country Music Festival and a state court civil suit by the festival’s founding promoter that accused the event’s founding sponsor and its vice president of squeezing him out and stealing the event’s brand. Warren … (Sun, 17 Jul 2011 00:43:34 -0700)

Bankruptcy filings in Rochester area down 19 percent this year
Bankruptcy filings in Rochester and the rest of western New York are significantly down, but even the experts can't say exactly why. (Sun, 17 Jul 2011 02:17:46 -0700)

Bankruptcy filings in Rochester area down 19 percent this year
Bankruptcy filings in Rochester and the rest of western New York are significantly down, but even the experts can't say exactly why. (Sun, 17 Jul 2011 02:35:24 -0700)

UPDATED: Serepisos bankruptcy hearing adjourned
Bankruptcy proceedings against Terry Serepisos have been adjourned, and two liquidation applications against his companies have been struck out. read more (Sun, 17 Jul 2011 16:13:09 -0700)

Dodgers Hope to Exit Bankruptcy by Year End After TV Deal
The Los Angeles Dodgers intend to seek court permission next month to sell cable-television rights with the goal of emerging from bankruptcy before the end of the year. (Mon, 18 Jul 2011 15:17:59 -0700)

Dodgers Seek Bankruptcy Exit Before Year End After TV Deal
The Los Angeles Dodgers intend to seek court permission next month to sell cable-television rights with the goal of emerging from bankruptcy before the end of the year. (Mon, 18 Jul 2011 17:03:33 -0700)

Dodgers Seek TV Deal to Seal Bankruptcy Exit Before Year End
The Los Angeles Dodgers, aiming to emerge from bankruptcy before the end of the year, intend to seek court permission next month to sell cable-television rights. (Mon, 18 Jul 2011 22:04:04 -0700)

Atlanta Bankruptcy Attorney Prepares for the Next Wave of Georgia Foreclosures
The Atlanta bankruptcy attorney Tony Sandberg has focused his attorneys at the Sandberg Law Firm on the next wave of Georgia residential foreclosures. Although the rate of Georgia foreclosures has decreased in 2011, Georgia still ranks 8th in the nation in the rate of foreclosures and the number of homeowners that are in financial trouble remains very high. The foreclosure rate is not subsiding ... (Tue, 19 Jul 2011 00:16:09 -0700)

Orchestra, in bankruptcy petition, seeks lower rent
In its bankruptcy petition, the Philadelphia Orchestra seeks to reach a new contract with its own musicians and to sever ties with Peter Nero and the Philly Pops. But the bankruptcy also sweeps into court a renegotiation of the orchestra's lease agreement with its landlord, the Kimmel Center. (Tue, 19 Jul 2011 00:54:54 -0700)

Bankruptcy may remove tax bill
It's a long shot, but old tax bills might get discharged in bankruptcy (Tue, 19 Jul 2011 03:00:00 -0700)

Bankruptcy Law Firm opens New Dallas Location to Help Local Residents Eliminate Debt, Regain Financial Stability
With a turbulent economy and many on the brink of financial ruin, a law firm opens a new location to serve all of Dallas-Fort Worth residents struggling with debt.Dallas, TX (PRWEB) July 19, 2011 The Lee Law Firm (http://www.Leebankruptcy.com), opened a new location in the Lee Park Center at 3333 Lee Parkway, Suite 600, in Dallas. The firm is focused on helping ... (Tue, 19 Jul 2011 04:02:15 -0700)

Bankruptcy can eliminate tax bills -- maybe
Dear Bankruptcy Adviser, My question concerns back taxes . Obviously, they are a financial liability, similar to a debt. But I don't know whether taxes might be treated like a private debt in the event of a bankruptcy. That is, I don't know if they can be discharged. (Tue, 19 Jul 2011 04:44:42 -0700)

San Diego Bankruptcy Lawyers Taking Cases that Wipe Out Second Mortgages
The San Diego bankruptcy lawyers at the Golden State Law Group hereby announce that the firm is accepting inquiries and new cases from consumers who want to obtain bankruptcy protection and who specifically want to remove the second mortgages on their homes through a step known as lien stripping. ... (Wed, 20 Jul 2011 00:09:05 -0700)

Dodgers bankruptcy: What is Wednesday's hearing about?
Frank McCourt and Bud Selig are heading into court, with each side trying to persuade a judge not to let the other control the Dodgers' finances. Here's some insight into the hearing. Frank McCourt and Bud Selig are heading into court, with each side trying to persuade a judge not to let the other control the Dodgers' finances. (Wed, 20 Jul 2011 00:12:29 -0700)

Madoff Trustee Withdraws Non-Bankruptcy Claims Against UBS
The liquidator of Bernard Madoff’s firm withdrew non-bankruptcy claims against UBS AG in a $2.6 billion lawsuit and intends to pursue only so-called clawback claims to recover money taken out of the firm before its 2008 failure. (Wed, 20 Jul 2011 07:28:55 -0700)

Bankruptcy hearing on Dodgers financing begins
A judge in Delaware has begun a hearing to determine whether to grant final approval to the Los Angeles Dodgers' proposed $150 million bankruptcy financing plan. (Wed, 20 Jul 2011 08:07:07 -0700)

Dodgers Fight MLB as Hearing Starts Over $150 Million Bankruptcy Loan
The Los Angeles Dodgers opened their court fight this morning against Major League Baseball over who will provide a $150 million loan to fund the team while it tries to reorganize in bankruptcy. (Wed, 20 Jul 2011 08:43:35 -0700)

What Bankruptcy Means for Stockholders
NEW YORK (MainStreet) -- In the past year alone, such household names as Blockbuster, Sbarros and Borders have filed for bankruptcy, the last of which recently announced it would begin the liquidation process. Aside from being a loss to bookworms, the decline of these companies poses a unique issue for shareholders: What happens to your stock when a company goes bankrupt? The short answer is ... (Wed, 20 Jul 2011 10:03:50 -0700)

Dodgers, MLB lock horns over bankruptcy loan
WILMINGTON, Delaware (Reuters) - The Los Angeles Dodgers fought on Wednesday to keep control of their finances while in bankruptcy, arguing Major League Baseball's offer to provide a $150 million loan was a "deal with the devil." (Wed, 20 Jul 2011 12:27:38 -0700)

Judge weighs Dodger bankruptcy financing
The Los Angeles Dodgers and Major League Baseball squared off in a Delaware bankruptcy court Wednesday as the team sought court approval of a $150 million financing arrangement that MLB is challenging with a financing offer of its own. After hearing about eight hours of testimony and arguments, the judge told attorneys he wanted time to think and would try to issue a ruling by Thursday evening. (Wed, 20 Jul 2011 17:07:27 -0700)

Judge weighs Dodger bankruptcy financing
The Los Angeles Dodgers and Major League Baseball squared off in a Delaware bankruptcy court Wednesday as the team sought court approval of a $150 million financing arrangement that MLB is challenging with a financing offer of its own. (Wed, 20 Jul 2011 17:47:16 -0700)

Ruling in Dodgers bankruptcy hearing put off
The Los Angeles Dodgers and Major League Baseball squared off in a Delaware bankruptcy court Wednesday as the team sought court approval of a $150 million financing arrangement that MLB is challenging with a financing offer of its own. (Wed, 20 Jul 2011 18:04:32 -0700)

Bankruptcy judge to base Dodgers decision on bottom line
He hopes to rule Thursday, after owner Frank McCourt's lawyers argue MLB would be hostile lender but concede loan is cheaper than McCourt's option. Judge says court would oversee how money is used. He hopes to rule Thursday, after owner Frank McCourt's lawyers argue MLB would be hostile lender but concede loan is cheaper than McCourt's option. (Thu, 21 Jul 2011 00:12:34 -0700)

Alabama county mulls options as bankruptcy looms
BIRMINGHAM, Alabama (Reuters) - Alabama's troubled Jefferson County faces an 80 percent chance of declaring bankruptcy, one of its commissioners said on Thursday, as U.S. experts gathered to discuss the implications of a possible Chapter 9 filing. (Thu, 21 Jul 2011 10:12:25 -0700)

Bankruptcy judge approves Borders liquidation
A bankruptcy judge on Thursday approved Borders Group's plan to sell off its assets via a group of liquidators in what could be the final nail in the coffin for the 40-year-old chain. (Thu, 21 Jul 2011 15:00:20 -0700)

Bankruptcy judge approves Borders plan to liquidate stores
A U.S. bankruptcy judge has approved Borders Group's plan to sell off its assets via a group of liquidators in what could be the final nail in the coffin for the 40-year-old chain. (Thu, 21 Jul 2011 15:00:23 -0700)

Borders liquidation approved by bankruptcy judge
NEW YORK (Reuters) - Borders Group Inc , won bankruptcy court approval on Thursday to liquidate its 40-year-old business, effectively spelling the end for the second-largest U.S. book retailer. (Thu, 21 Jul 2011 16:00:40 -0700)

Bankruptcy judge says OK to huge Borders sale
Bankruptcy liquidation will start Friday with $700 million in books, DVDs, and furniture discounted up to 40 percent. Borders expects to wrap up the bankruptcy sales in September. (Thu, 21 Jul 2011 21:49:00 -0700)

Bankruptcy judge orders Frank McCourt to negotiate with MLB for loan
The judge ruled Friday that McCourt could not use the loan he had arranged to fund the team through the bankruptcy process. (Fri, 22 Jul 2011 13:24:59 -0700)

Judge rejects Dodgers' bankruptcy financing plan
DOVER, Del. (AP) -- A Delaware judge on Friday rejected the Los Angeles Dodgers' proposed $150 million bankruptcy financing plan, directing the team to instead negotiate a loan deal with Major League Baseball. (Fri, 22 Jul 2011 14:47:09 -0700)

Dodgers Judge Favors MLB Bankruptcy Loan, Rejects JPMorgan Plan
The Los Angeles Dodgers cannot borrow $150 million from a JPMorgan Chase & Co. unit for its bankruptcy and must hold talks with Major League Baseball on its rival loan offer, a judge said. (Fri, 22 Jul 2011 21:57:18 -0700)

Bankruptcy judge OKs Borders liquidation
A bankruptcy judge on Thursday approved Borders Group's plan to sell off its assets via a group of liquidators in what could be the final nail in the coffin for the 40-year-old chain. (Sat, 23 Jul 2011 06:24:19 -0700)

Scott Rothstein Bankruptcy Paying Off Big For Lawyers
When it comes to dispensing money from the Scott Rothstein bankruptcy so far, only the lawyers have been satisfied. (Sun, 24 Jul 2011 11:34:08 -0700)

Bankruptcy threat to Jefferson County, Alabama
Jefferson County could become first US local authority to declare bankruptcy since California's Orange County went bust in 1994 Once famous for civil rights marches, Jefferson County, Alabama, could become the first US local authority to declare bankruptcy since California's Orange County went bust in 1994. Amid concerns that many states and local councils could opt for bankruptcy in the face of ... (Sun, 24 Jul 2011 20:46:35 -0700)

Bankruptcy judge OKs Borders liquidation
A bankruptcy judge on Thursday approved Borders Group's plan to sell off its assets via a group of liquidators in what could be the final nail in the coffin for the 40-year-old chain. (Mon, 25 Jul 2011 05:44:10 -0700)

Electric car maker Think revived from bankruptcy
Think Global has been acquired by one of its investors and plans to restart production of the small all-electric sedan in the first quarter of next year. (Mon, 25 Jul 2011 06:54:23 -0700)

Judge strikes compromise in orchestra bankruptcy
The judge in the Philadelphia Orchestra Association's bankruptcy case has handed down a compromise in the tussle between management and the musicians' union over the scope of an investigation of the Association's finances. (Mon, 25 Jul 2011 09:43:55 -0700)

Bondex, Rust-Oleum Maker Unit in Bankruptcy, Is Denied Asbestos Claim Data
Bondex International Inc. , the bankrupt unit of Rust-Oleum maker RPM International Inc. (RPM) , can’t get data on compensation paid to asbestos victims the company wants to use to calculate future liabilities, a court ruled. (Mon, 25 Jul 2011 09:58:45 -0700)

Ala. county faces bankruptcy
In what would be the largest municipal bankruptcy ever, Alabama’s biggest county is teetering on the edge of insolvency - and is facing its creditors later this week in a crucial showdown. (Tue, 26 Jul 2011 07:38:41 -0700)

Bankruptcy filings down in Wisconsin
Bankruptcy filings are down this year in Wisconsin, but experts say it's too soon to take much comfort in the numbers. (Tue, 26 Jul 2011 08:21:52 -0700)

Ala. county readies for possible record bankruptcy
Alabama's largest county is laying the groundwork for filing what would be the largest municipal bankruptcy in U.S. history, over a more than $3 billion debt for its sewer system. (Tue, 26 Jul 2011 08:56:46 -0700)

Alabama's Jefferson County hires bankruptcy lawyers
BIRMINGHAM, Alabama (Reuters) - Alabama's Jefferson County on Tuesday hired outside bankruptcy lawyers ahead of a critical decision on its debt that could result in what would be the largest municipal bankruptcy in U.S. history. (Tue, 26 Jul 2011 10:49:06 -0700)

Bankruptcy trustee in Scott Rothstein Ponzi scheme case files $20 million clawback suit against TD Bank
The bankruptcy trustee in the Scott Rothstein Ponzi scheme has filed a clawback lawsuit against TD Bank seeking at least $20 million, alleging the bank and some of its employees were complicit in the massive investment fraud. (Tue, 26 Jul 2011 10:57:55 -0700)

Jefferson County, Ala., Hires Bankruptcy Lawyer
Jefferson County, Alabama, which may vote in two days to file a record U.S. municipal bankruptcy, hired attorneys who represented Orange County, California, when it sought protection from creditors in 1994. (Tue, 26 Jul 2011 12:44:24 -0700)

Alabama’s Jefferson County Hires Bankruptcy Lawyer Klee
Jefferson County, Alabama, which may vote in two days to file a record U.S. municipal bankruptcy, hired attorneys who represented Orange County, California, when it sought protection from creditors in 1994. (Tue, 26 Jul 2011 13:34:34 -0700)

The Philadelphia Orchestra's bankruptcy bills have grown by $750,000
A new round of legal and professional bills submitted for court approval adds three-quarters of a million dollars to the Philadelphia Orchestra Association bankruptcy tab. (Wed, 27 Jul 2011 00:59:42 -0700)

Birmingham, Ala. facing record bankruptcy
Corruption-tainted sewer project leaves county $3B in debt; 80% chance of nation's biggest ever Chapter 9 filing by a county (Wed, 27 Jul 2011 03:07:47 -0700)

Jefferson County Lawyer Kenneth Klee Is a ‘Walking History of Bankruptcy’
New York City was preparing to file bankruptcy in the middle of a fight with city unions over expensive labor contracts. Klee was ordered back to Washington to quickly draft the section of the code governing municipal bankruptcies. (Wed, 27 Jul 2011 08:14:17 -0700)

Ala. county says still hopes to avoid bankruptcy
Leaders in Alabama's largest county said Wednesday they still hoped to reach a settlement with creditors over more than $3.1 billion in sewer bonds and avoid filing what would be the largest municipal bankruptcy in U.S. history. (Wed, 27 Jul 2011 11:15:13 -0700)

Alabama county's bankruptcy would top $4.1 billion
Leaders in Alabama's largest county said Wednesday a potential bankruptcy filing that could be days away would likely top $4.1 billion, or more than double the previous record set by Orange County, Calif., for a municipal bankruptcy in the United States. (Wed, 27 Jul 2011 14:22:36 -0700)

Local Chevys franchisee files for bankruptcy
The franchise owner of local Chevys Fresh Mex restaurants has filed for bankruptcy and plans to shutter a store at the St. Louis Mills mall in Hazelwood. (Wed, 27 Jul 2011 19:55:04 -0700)

Jefferson County Stares Down Bankruptcy as Citizens Grow Weary of Crisis
Call it sewer fatigue. (Wed, 27 Jul 2011 21:28:35 -0700)

Ala. county drops bankruptcy meeting, weighs offer
Leaders of Alabama's largest county called off a meeting Thursday on filing a record-breaking bankruptcy to consider an offer from Wall Street lenders to settle debts in excess of $3 billion from corruption-tainted sewer deals. (Thu, 28 Jul 2011 10:26:49 -0700)

Ala. county gets 1 week to decide on bankruptcy
Alabama's largest county has one week to decide whether to file for the largest-ever U.S. municipal bankruptcy or take a deal from Wall Street to settle more than $3 billion in debts linked to a massive sewer project stained by corruption. (Thu, 28 Jul 2011 13:19:35 -0700)

Bankruptcy now real possibility in one Alabama county
Bankruptcy is staring one Alabama county in the face after corruption and backroom deals put the county more then $4 billion in debt. (Thu, 28 Jul 2011 21:02:26 -0700)

Ala. county cancels bankruptcy talks to look at Wall St. deal
Leaders of Alabama’s largest county called off a meeting yesterday on filing a record-breaking bankruptcy to consider an offer from Wall Street lenders to settle debts in excess of $3 billion from corruption-tainted sewer deals. (Fri, 29 Jul 2011 00:25:54 -0700)

Alabama County Buys More Time to Avert Bankruptcy
With the urging of the state’s governor, Alabama’s insolvent Jefferson County on Thursday postponed for another week a long-awaited decision of whether to file for Chapter 9 bankruptcy. (Fri, 29 Jul 2011 07:38:29 -0700)

Bankruptcy judge approves Fiddler's Creek reorganization plan
A bankruptcy judge has approved a reorganization plan for the developer of Fiddler's Creek. (Fri, 29 Jul 2011 11:19:00 -0700)

Central Falls bankruptcy decision set for Monday
The state-appointed receiver overseeing Central Falls is expected to announce Monday whether he will file for bankruptcy on behalf of the cash-strapped city. (Sat, 30 Jul 2011 00:00:52 -0700)

Bankruptcy judge approves Fiddler's Creek reorganization plan
A bankruptcy judge has approved a reorganization plan for the developer of Fiddler's Creek. (Sat, 30 Jul 2011 06:48:02 -0700)

Record municipal bankruptcy on table in Ala.
Jefferson Co., Ala., home to Birmingham, is in a desperate debt hole, and may declare largest-ever U.S. municipal bankruptcy (Sat, 30 Jul 2011 15:57:39 -0700)

Video: Jefferson County, Ala. facing historic bankruptcy
In Jefferson County, Ala., officials are scrambling to avoid municipal bankruptcy. As Maya Rodriguez reports, unless the county can cut a deal with lenders, it will file for the largest municipal bankruptcy in American history. (Sat, 30 Jul 2011 16:19:49 -0700)

Central Falls leaders predict bankruptcy announcement
State receiver Robert G. Flanders Jr. set to make announcement Monday on city's finances (Sun, 31 Jul 2011 05:04:24 -0700)

Lehman, Spiegel, Corus, Perkins & Marie Callender’s: Bankruptcy
Lehman Brothers Holdings Inc. and the creditors’ committee filed appeals from the formal rulings by the bankruptcy judge in mid-July finding that Barclays Bank Plc didn’t take more than it was entitled to receive when it bought the North American investment banking assets one week after the Chapter 11 filing in September 2008. (Sun, 31 Jul 2011 22:23:17 -0700)


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