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Home > Bankruptcy News

Bankruptcy News Aug 2011

Walter Bau, Marco Polo Seatrade, Lehman, A-Tec: Europe, Asia Bankruptcy
Thailand’s Crown Prince Maha Vajiralongkorn will use his personal funds to recover an airplane seized by German liquidators in Munich last month as part of a bankruptcy dispute. (Mon, 01 Aug 2011 04:28:17 -0700)

Facing Bankruptcy, R.I. Town Awaits Retirees' Vote
The small and poor Rhode Island city of Central Falls will likely go into bankruptcy if it can't cut a deal with city workers and pensioners. The receiver running the city gave them two options: take the cuts to pension checks and health care benefits, or risk losing even more in bankruptcy court. Because bankruptcy judges can terminate union contracts, the receiver has warned them: "a haircut ... (Mon, 01 Aug 2011 05:56:09 -0700)

Lehman, Crystal Cathedral, Dodgers, Spiegel: Bankruptcy
(This report contains items about companies both in bankruptcy and not in bankruptcy. Adds Crystal Cathedral, Paulson resorts, L.A. Dodgers, Philadelphia Orchestra and No Fear in Updates and sections on Bank Failures and Advance Sheets.) (Mon, 01 Aug 2011 06:53:17 -0700)

Cash-strapped RI city to file for bankruptcy
The state-appointed receiver overseeing the cash-strapped Rhode Island town of Central Falls has filed for bankruptcy on the city's behalf in an effort to help it get back on its feet. (Mon, 01 Aug 2011 08:15:29 -0700)

Rhode Island's Central Falls files for bankruptcy
NEW YORK (Reuters) - Rhode Island's tiny city of Central Falls, one of a handful of U.S. cities and counties facing fiscal collapse in the wake of the recession, filed for a rare Chapter 9 bankruptcy on Monday, the state said. (Mon, 01 Aug 2011 08:19:28 -0700)

Cash-strapped RI city files for bankruptcy
The state-appointed receiver overseeing the cash-strapped Rhode Island town of Central Falls has filed for bankruptcy on the city's behalf in an effort to help it get back on its feet. (Mon, 01 Aug 2011 08:23:10 -0700)

Rhode Island city declares bankruptcy
The tiny, crowded city of Central Falls, R.I., is declaring bankruptcy. (Mon, 01 Aug 2011 08:43:22 -0700)

Rhode Island City Files for Bankruptcy
Pension benefits, collective bargaining agreements and city jobs would be at risk after the court filing. (Mon, 01 Aug 2011 08:47:06 -0700)

Bankruptcy 'last resort' for Rhode Island city
Bankruptcy has claimed another victim - this time the entire city of Central Falls in Rhode Island. It was the last resort for the financially troubled city. (Mon, 01 Aug 2011 21:02:26 -0700)

Driven to bankruptcy in upside-down car
Bankruptcy doesn't have to mean the end of the road for car ownership. (Tue, 02 Aug 2011 03:00:00 -0700)

Rhode Island City Files for Bankruptcy
CENTRAL FALLS, R.I. -- The state-appointed receiver overseeing Rhode Island's cash-strapped Central Falls on Monday filed for bankruptcy on the city's behalf in an effort to solve its fiscal crisis. (Tue, 02 Aug 2011 04:48:25 -0700)

Bankruptcy judge is former commercial litigator
Judge Frank J. Bailey, who will oversee Central Falls' bankruptcy, cited for breadth of experience (Tue, 02 Aug 2011 05:02:54 -0700)

Bankruptcy filing creates more options
Shared services with other municipalities, changes in union contracts now on table (Tue, 02 Aug 2011 05:02:54 -0700)

Can you Remove a Bankruptcy From Your Credit Report?
Although filing for bankruptcy may have helped you stay in your home, the appearance of that bankruptcy on your credit reports could have negative consequences for your ability to borrow -- and land new jobs. (Tue, 02 Aug 2011 07:53:33 -0700)

Central Falls neighbors warily eye bankruptcy
The communities surrounding Central Falls are watching their neighbor's municipal bankruptcy with caution as they consider stepping in to share services while trying to ensure they aren't the next to be declared insolvent. (Tue, 02 Aug 2011 15:05:06 -0700)

File For Bankruptcy and Save Your Car
Bankruptcy doesn't have to mean the end of the road for car ownership. (Wed, 03 Aug 2011 10:50:10 -0700)

Jefferson County expected to delay bankruptcy vote
It looks like Alabama's largest county will again delay a decision on whether to declare for the largest-ever U.S. municipal bankruptcy. (Wed, 03 Aug 2011 17:38:09 -0700)

Jefferson County Bankruptcy Filing May Not Block Future Credit
Jefferson County, Alabama, officials shouldn’t worry that a bankruptcy filing will damage their ability to borrow money in the future, said lawyers who guided other municipalities through two of the biggest court-supervised restructurings. The markets will forget, they said. (Wed, 03 Aug 2011 21:25:06 -0700)

San Diego Bankruptcy Pros and Attorney Jon Cooper Launch New Site to Contact New Clients in San Diego
With the assistance of law firm website company, Scorpion Design, San Diego Bankruptcy Pros increase their online presence.San Diego, CA (PRWEB) August 03, 2011 The current financial situation has led hundreds of thousands of individuals to get information about filing for bankruptcy, either Chapter 7 or Chapter 13. Many want to avoid filing for bankruptcy and may need legal help in debt relief ... (Wed, 03 Aug 2011 23:46:11 -0700)

Southwest Florida Attorney Provides Information on What to Avoid When Considering Bankruptcy
There are actions that individuals should avoid if they are considering, or planning to seek bankruptcy debt relief from the courts, according to W. Justin Cottrell, PA, a Florida bankruptcy attorney.Naples, FL (PRWEB) August 04, 2011 There are actions that individuals should avoid if they are considering, or planning to seek bankruptcy debt relief from the courts, according to W. Justin ... (Thu, 04 Aug 2011 00:18:28 -0700)

Alabama county expects to delay bankruptcy vote
Officials in Alabama's largest county are getting ready to talk about how to deal with more than $3 billion in debt and whether to file for the largest ever U.S. municipal bankruptcy. (Thu, 04 Aug 2011 08:54:03 -0700)

Lessons in bankruptcy from West Coast
Bankruptcy allowed Vallejo, Calif., to reopen union contracts, but the city could not touch pension payments. (Thu, 04 Aug 2011 14:38:10 -0700)

Rhode Island city bankruptcy may be lesson: official
CENTRAL FALLS, Rhode Island (Reuters) - A bankruptcy filing this week by Central Falls, Rhode Island, could be a lesson for other struggling cities in the advantages of taking that drastic legal step, the city's receiver said in an interview on Thursday. (Thu, 04 Aug 2011 20:26:41 -0700)

Why bankruptcy isn't a painless way out
For those struggling with debt, opting for bankruptcy or an individual voluntary arrangement (IVA) may appear a painless solution, but they could be in for a rude awakening. (Thu, 04 Aug 2011 22:32:09 -0700)

New Caledonian airline facing bankruptcy
New Caledonia's domestic carrier is facing bankruptcy due to protests over fare increases that have seen locals blockading airports on the South Pacific archipelago, according to its management. (Thu, 04 Aug 2011 23:46:50 -0700)

San Diego Bankruptcy Lawyers Stress the Importance of Not Delaying Obtaining Bankruptcy Protection When Funds Run Out
The San Diego bankruptcy lawyers at the Golden State Law Group hereby announce to the public that many clients would help to protect their long-term credit scores by filing for bankruptcy protection as soon as they discover that they cannot meet their obligations as opposed to delaying the start of the bankruptcy case filing. ... (Fri, 05 Aug 2011 00:11:02 -0700)

Bankruptcy Court Approves Plan For Las Vegas Hooters Casino
The owners of the Hooters Hotel in Las Vegas received U.S. Bankruptcy Court permission to spend the money it needs to stay in operation during a Thursday hearing that hinted at some of the potential disputes ahead. By the time U.S. Bankruptcy Judge Bruce (Fri, 05 Aug 2011 01:59:27 -0700)

Dodgers, MLB submit loan agreement to bankruptcy court
The Dodgers and Major League Baseball submitted a $150-million loan agreement to the U.S. Bankruptcy Court on Friday. The Dodgers and Major League Baseball submitted a $150-million loan agreement to the U.S. Bankruptcy Court on Friday. (Fri, 05 Aug 2011 09:35:38 -0700)

Would Bankruptcy Stall GM's China Growth?
Despite the automaker's many woes, GM executives say it's business-as-usual in China. Some industry watchers aren't so certain (Fri, 05 Aug 2011 22:49:59 -0700)

Vallejo, Calif., to exit bankruptcy
VALLEJO, Calif., Aug. 6 (UPI) -- After almost three years, the city of Vallejo, Calif., has been approved to come of out Chapter 9 federal bankruptcy, officials say. (Sat, 06 Aug 2011 16:32:48 -0700)

July brings decline in bankruptcy filings
New bankruptcy filings in Western New York accelerated their month-by-month decline in July, falling by more than 30 percent from a year ago. (Mon, 08 Aug 2011 03:29:51 -0700)

Vallejo's bankruptcy officially over
Judge confirms exit, but leaves window for some objections (Mon, 08 Aug 2011 15:05:50 -0700)

Riverside, CA Bankruptcy Attorneys of the Law Offices of Todd B. Becker Launch New Website
The Riverside, CA law firm of Todd B. Becker recently launched a website to make it easier than ever to connect with an experienced bankruptcy lawyer or get answers to basic legal questions.Riverside, CA (PRWEB) August 09, 2011 The Riverside, CA law firm of Todd B. Becker recently launched their website, providing a valuable online legal resource to current and potential clients.The site offers ... (Tue, 09 Aug 2011 00:13:47 -0700)

Local bankruptcy increase 2nd highest in U.S.
The Central District of California, which includes Orange County, was second in the nation in the increase of bankruptcy filings in the past year, reports the U.S. bankruptcy court.The number of filings increased 13% in California's Central District the same percentage growth as in the... (Tue, 09 Aug 2011 04:22:18 -0700)

Hoboken University Hospital chief executive received $600K severance package weeks before bankruptcy filing
Final ruling on bankruptcy sale to be ruled on by the end of August (Tue, 09 Aug 2011 04:33:20 -0700)

How to Recover from Bankruptcy
If you have recently filed for bankruptcy, perhaps you can find some comfort in the fact that you are not alone. According to the American Bankruptcy Institute, the total number of bankruptcy filings in ... (Tue, 09 Aug 2011 08:38:50 -0700)

How to Recover from Bankruptcy
This eight-step guide will help lead you away from trouble and toward a happy financial state. (Tue, 09 Aug 2011 08:39:35 -0700)

Bankruptcy court OKs Jackson Hewitt reorganization
CHICAGO (MarketWatch) -- A U.S. bankruptcy court has approved tax preparer Jackson Hewitt's "pre-packaged" reorganization plan, the company said Tuesday, enabling it to emerge from its court-supervised financial restructuring. Saddled with a huge debt load, Jackson Hewitt filed for bankruptcy protection in May. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they ... (Tue, 09 Aug 2011 08:56:27 -0700)

Apple Rises From Near-Bankruptcy to Pass Exxon as Most Valuable Company
Apple Inc. (AAPL) , a company that was on the brink of bankruptcy before Chief Executive Officer Steve Jobs returned as chief executive officer in 1997, passed Exxon Mobil Corp. (XOM) to become the most valuable business in the world. (Tue, 09 Aug 2011 11:30:59 -0700)

Apple Rises From Near-Bankruptcy to Most Valuable Company
Apple, a company that was on the brink of bankruptcy before Steve Jobs returned as chief executive in 1997, passed Exxon Mobil to become the most valuable business in the world (Tue, 09 Aug 2011 12:07:52 -0700)

Vallejo officially exits bankruptcy
More than three years after Vallejo entered Chapter 9 bankruptcy, a federal judge has confirmed the city's exit from it. (Wed, 10 Aug 2011 01:33:38 -0700)

Sbarro Pizza-Restaurant Chain Files Plan to Restructure, Exit Bankruptcy
Sbarro Inc., the pizza restaurant chain that entered bankruptcy this year, proposed a restructuring plan that would give ownership of the company to senior lenders. (Wed, 10 Aug 2011 09:13:39 -0700)

Donnan reaches settlement in bankruptcy case
ATHENS, Ga. -- Former University of Georgia football coach and ex-ESPN analyst Jim Donnan has reached a settlement agreement in his pending bankruptcy case that would have him return millions of dollars he made from an alleged Ponzi scheme. (Wed, 10 Aug 2011 10:11:37 -0700)

Marco Polo Seatrade Reaches Agreement to Use Cash Collateral in Bankruptcy
Marco Polo Seatrade BV reached an agreement with creditors Credit Agricole SA (ACA) and Royal Bank of Scotland Group Plc to use its cash collateral amid criticism from the banks that it wrongly filed for bankruptcy in New York. (Wed, 10 Aug 2011 11:28:45 -0700)

Bankruptcy filings still decreasing in Arizona
Phoenix-area bankruptcy filings in July showed their biggest improvement since before the recession began. (Wed, 10 Aug 2011 17:56:51 -0700)

Crystal Cathedral bankruptcy sale sparks bidding war
LOS ANGELES (Reuters) - The bankruptcy sale of Crystal Cathedral, the glass-walled Orange County church known for its "Hour of Power" broadcasts, has touched off a bidding war between a Roman Catholic diocese and a local university. (Wed, 10 Aug 2011 18:39:54 -0700)

Bankruptcy filings drop in Valley for 4th month
The latest numbers marked the biggest year-over-year improvement since before the recession began. (Wed, 10 Aug 2011 18:56:43 -0700)

Bankruptcy Filings Down in State
Get Business Mobile Text Alerts The number of people in Connecticut filing for bankruptcy protection dropped 6 percent to 5,191 in the first half of the year, down from 5,519 during the same period a year ago, according to a report released Thursday by The Warren Group. (Thu, 11 Aug 2011 09:56:40 -0700)

DealBook: For Bank of America, Countrywide Bankruptcy Is Still an Option
Mounting losses at Countrywide might overwhelm Bank of America. The best strategy, the Deal Professor says, would appear to be to throw Countrywide into bankruptcy. (Thu, 11 Aug 2011 11:00:07 -0700)

GM bankruptcy lawyers seek $125M
Lawyers, consultants and advisers to the "old" General Motors Corp. have asked a federal bankruptcy judge to approve about $125 million in fees for GM's court restructuring, court records filed this week show. (Thu, 11 Aug 2011 23:37:30 -0700)

Jefferson County, Ala., Puts Off Bankruptcy Decision
Gov. Robert Bentley urged Jefferson County, Ala., to strive to avoid bankruptcy because it could ripple out and hurt the credit of the whole state. (Fri, 12 Aug 2011 02:34:35 -0700)

Bankruptcy or settlement? Jefferson County sewer deal in doubt
Commission to decide on creditors' offer. (Fri, 12 Aug 2011 04:38:23 -0700)

Bankruptcy trustee says lawyer McKenna filed false claims
Keven A. McKenna failed to disclose legal fees, payments to wife, trustee says (Fri, 12 Aug 2011 05:01:41 -0700)

Record bankruptcy possible for Ala. county
Commissioners in Alabama's largest county expect to vote on whether to settle with Wall Street or file the largest municipal bankruptcy in U.S. history. (Fri, 12 Aug 2011 07:20:37 -0700)

Jamestown Mall owner files for bankruptcy
Jamestown Mall's New York-based owner has filed for bankruptcy and is seeking a new owner for the shopping center. (Fri, 12 Aug 2011 19:15:02 -0700)

Bankruptcy filings drop in Washington area
Amy Myers Fewer Washington-area residents filed for bankruptcy in the past year as new foreclosure laws kicked in. Bankruptcy filings dropped 8.7 percent in D.C., 4 percent in Eastern Virginia, and 2.1 percent in Maryland from June 2010 to June 2011, according to data from the Administrative Office of the U.S. Courts. D.C. residents represented 1,148 of the 1.53 million filings in the country ... (Sat, 13 Aug 2011 17:24:27 -0700)

Receiver wants bankruptcy case resolved quickly
CENTRAL FALLS - Beyond potentially breaking new legal ground on how pensions are handled in a municipal bankruptcy, state-appointed receiver Robert G. Flanders Jr. is trying for another sort of bankruptcy precedent - he wants the reorganization plan done in a month. (Sun, 14 Aug 2011 05:05:51 -0700)

Bond Report: Alabama county defers bankruptcy decision
Alabama’s largest county on Friday delayed for a month the prospect of filing for what would have the biggest U.S. municipal-bankruptcy reorganization. (Sun, 14 Aug 2011 05:42:01 -0700)

Scots bankruptcy law under review
Proposals to "tidy up" Scottish bankruptcy laws are put forward for consultation by the Scottish Law Commission. (Sun, 14 Aug 2011 17:07:44 -0700)

New Nationwide Online Bankruptcy Preparation Service
1st Choice Bankruptcy Preparation is New Online Bankruptcy Preparation Service. Our Services are offered nationwide to all consumers facing overwhelming debt. There is a great need in the U.S. for low cost bankruptcy preparation, it is our mission to offer it as a premium service.Fort Wayne, IN (PRWEB) August 15, 2011 Quality Online Bankruptcy Preparation available to consumers nationwide at a ... (Mon, 15 Aug 2011 02:12:55 -0700)

What can creditors take in a bankruptcy?
Dear Bankruptcy Adviser, I am on very limited income: unemployment and early Social Security. If I file Chapter 7 bankruptcy, can my creditors such as banks (for my charge cards) take my personal items such as jewelry, clothes or furniture? Should I do something with these items before filing? (Mon, 15 Aug 2011 04:45:04 -0700)

Evergreen Solar files for bankruptcy
Facing brutal price competition on solar panels, Evergreen Solar is restructuring around its proprietary solar cell manufacturing process. (Mon, 15 Aug 2011 14:21:15 -0700)

Tom Hicks targeted by two new claims involving Rangers bankruptcy
The complaint, filed Monday in district court in Dallas, alleges Hicks enriched himself at the expense of the club. (Mon, 15 Aug 2011 20:08:31 -0700)

New York Bankruptcy Filings Drop in First Half of 2011; Long Island Bankruptcy Lawyer Discusses Bankruptcy Laws and ...
New York’s 2011 bankruptcy filings have declined compared to the same time period in 2010, according to reports by bankruptcy industry insiders. Long Island bankruptcy attorney Andrew Doktofsky weighs in on possible reasons for the drop and debtor eligibility for bankruptcy filing in New York. (PRWeb August 15, 2011) Read the full story at http://www.prweb.com/releases/Ne ... (Mon, 15 Aug 2011 21:16:29 -0700)

Connecticut personal bankruptcy filings decline slightly
Personal bankruptcy filings in Connecticut dropped 5% to 4,710 in the first half of the year, down from 4,968 during the same period a year ago, according to a new report from The Warren Group, publisher of The Commercial Record. Chapter 7 is the most common option for individuals who are seeking relief from their debts, and accounted for nearly 90 percent of bankruptcy filings in Connecticut in ... (Tue, 16 Aug 2011 02:48:53 -0700)

Evergreen Solar Files For Bankruptcy, Cuts 65 More Jobs
Evergreen Solar has filed for Chapter 11 bankruptcy protection as it continues to shift from its solar panel business to becoming a supplier of solar wafers. (Tue, 16 Aug 2011 04:25:12 -0700)

Dodgers Ticket Holders, Sinatra Kin Seeking Bankruptcy Group
Los Angeles Dodgers season-ticket holders, including the family of singer Frank Sinatra, will seek an official committee to represent them during the team’s bankruptcy, according to court documents filed today. (Tue, 16 Aug 2011 09:49:16 -0700)

Dodgers win clash against merchandise vendor in bankruptcy court
A bankruptcy judge rules the Dodgers have lived up to their end of the contract and the vendor must do the same. A bankruptcy judge rules the Dodgers have lived up to their end of the contract and the vendor must do the same. (Tue, 16 Aug 2011 09:50:39 -0700)

Dodgers souvenir vendor loses bankruptcy court bid for quick decision on future of contract
WILMINGTON, Del. — A Delaware bankruptcy judge Tuesday denied a request by a Dodger Stadium souvenir vendor to force the Los Angeles Dodgers to decide quickly whether the team will maintain its contract. Facility Merchandising Inc. argued that before it makes any more royalty payments to the Dodgers for this year and inventory purchases for next season, it needs to know in the next few weeks if ... (Tue, 16 Aug 2011 13:21:50 -0700)

Credit Counseling: Damaging as Bankruptcy?
A credit counseling program averts the stigma of bankruptcy, but may tag you as a credit risk nonetheless. (Tue, 16 Aug 2011 13:46:01 -0700)

Dodgers Ticket Holders, Sinatra Kids Seek Say in Bankruptcy
Los Angeles Dodgers season-ticket holders, including the singer Frank Sinatra’s three children, will seek an official committee to represent their interests in court during the team’s bankruptcy. (Tue, 16 Aug 2011 15:04:03 -0700)

Why one (big) solar bankruptcy won't trigger meltdown
Evergreen Solar went bust but the hysteria over the Chapter 11 filing misses the mark (Wed, 17 Aug 2011 09:42:36 -0700)

Evergreen Solar Bankruptcy Illustrates Toxic Mix Of Debt, Falling Solar Prices
Evergreen Solar filed for bankruptcy earlier this week. The sad story of Evergreen’s demise illustrates the risks debt-laden solar companies face in an environment of falling solar prices due to tepid demand and industry overcapacity.While we currently do not cover Evergreen Solar, we cover similar companies in the solar sector including First Solar, SunPower and Suntech Power. ... (Wed, 17 Aug 2011 11:12:20 -0700)

Jefferson County Deal to Avert Bankruptcy Hinges on Hostile Legislature
A settlement that would let Jefferson County, Alabama, avoid the largest municipal bankruptcy in U.S. history hinges on help from a legislature that so far hasn’t been willing or able to offer it. (Wed, 17 Aug 2011 21:28:35 -0700)

Bankruptcy filings down but may signal financial struggles
ATLANTA - An 8 percent decline this year in bankruptcy petitions nationwide might appear to be a positive economic sign, especially for a country rocked by stock market volatility, a credit downgrade, and continued labor and housing woes. (Thu, 18 Aug 2011 05:29:00 -0700)

Legislation to prevent Harrisburg from filing for bankruptcy deprives city of valuble tool, experts say
See if this sounds familiar. A municipality owes more than it can pay and teeters on the edge of financial ruin. Harrisburg? Could be. Officials threaten to file for bankruptcy. Investors cave and offer to forgive. (Thu, 18 Aug 2011 06:26:03 -0700)

UM players could face bankruptcy clawback suits for Ponzi gifts
The University of Miami athletes who reportedly scored large sums of cash and big gifts from convicted Ponzi schemer and UM booster Nevin Shapiro may wind up facing bankruptcy clawback suits seeking repayment. (Thu, 18 Aug 2011 06:52:22 -0700)

Serepisos to face bankruptcy hearing today
Delayed bankruptcy proceedings for Wellington property developer Terry Serepisos will resume today. (Thu, 18 Aug 2011 12:36:24 -0700)

Lawyer vs. bankruptcy judge spat turns ugly
Bankruptcy lawyer Kevin C. Gleason found out the hard way on Thursday what most of his peers learned in law school: Never get into a fight with a judge. (Thu, 18 Aug 2011 17:58:25 -0700)

Lawyer and judge clash over bankruptcy case insults
Gleason, 54, of Hollywood, is known as a capable lawyer who fights aggressively for his clients and has more than 25 years of experience. But his written response — to what he thought was a faulty ruling by a bankruptcy judge — crossed a line in whatever leeway federal judges give to attorneys. (Thu, 18 Aug 2011 23:03:03 -0700)

Calvary Baptist emerges from bankruptcy
A bankruptcy judge Thursday approved Calvary Baptist Temple’s plan to emerge from debt reorganization. “The plan is confirmed,” U.S. Bankruptcy Judge John S. Dalis ruled following a hearing in Savannah. Approval of the plan allows the church to emerge from Chapter 11 bankruptcy in what its lawyer, attorney C. James McCallar Jr., said was action that “leave(s) us with a solid church and school ... (Fri, 19 Aug 2011 02:53:19 -0700)

National Association of Consumer Bankruptcy Attorneys Issues Response to Obama Administration Plan To Sell Vacant and ...
Contact: Patrick Mitchell for NACBA, +1-703-276-3266, [email protected] (Fri, 19 Aug 2011 06:40:30 -0700)

Indicted former Fry's exec files for bankruptcy, lists $137 million in debt
Ausaf "Omar" Siddiqui was once a prized "whale" in Vegas, a high roller who demanded that casino butlers and bellboys call him "Mr. S" and fill his room with golden raisins, bottles of Dom Pérignon and Glitterati Mentissimo peppermints adorned with a single rose. (Fri, 19 Aug 2011 06:49:22 -0700)

Local SanSai restaurant owner files for bankruptcy
The owner of five local SanSai Japanese Grill restaurants filed for bankruptcy this week. (Fri, 19 Aug 2011 12:58:23 -0700)

Fry's Electronics exec files for bankruptcy
A former Fry's Electronics executive accused of embezzling millions of dollars to cover gambling losses has filed for bankruptcy, listing nearly $137 million in debt. (Fri, 19 Aug 2011 13:01:44 -0700)

GM says bankruptcy excuses it from repairs on 400K cars
General Motors Co. is seeking to dismiss a lawsuit over a suspension problem on more than 400,000 Chevrolet Impalas from the 2007 and 2008 model years, saying it should not be responsible for repairs because the flaw predated its bankruptcy. (Fri, 19 Aug 2011 13:43:25 -0700)

Bankruptcy Judge: Would Approve $4 Billion Capmark Ch 11 Exit Plan
Bankruptcy Judge: Would Approve $4 Billion Capmark Ch 11 Exit Plan (Fri, 19 Aug 2011 14:42:49 -0700)

Bankruptcy hearing for Zion Wildlife Gardens operator
Zion Wildlife Gardens will appear in court again tomorrow, this time in a bid to fend of action from a former employee to the sum of $20,000.The bid to bankrupt Zion operator Patricia Busch is scheduled to be heard in the High Court... (Sat, 20 Aug 2011 21:22:12 -0700)

Credit counseling: Damaging as bankruptcy?
Dear Bankruptcy Adviser, I recently went through a divorce and was unable to pay my credit cards. I went to a credit counseling agency for assistance. They were able to lower my interest rates and lower my monthly payments. I am now able to make the payments. (Sun, 21 Aug 2011 04:43:13 -0700)

After 3 years, Vallejo emerging from bankruptcy
(08-21) 18:08 PDT Vallejo, Calif. (AP) -- City Councilwoman Marti Brown was euphoric when she learned this historic Northern California town had received federal court approval for its plan to emerge from bankruptcy.... (Sun, 21 Aug 2011 13:46:22 -0700)

Mets-Madoff Trustee, Linden Ponds, Petters: Bankruptcy
New York Mets Owner Fred Wilpon needs to decide in the next month whether to settle the lawsuit by the trustee liquidating Bernard L. Madoff Investment Securities Inc. or face a potential judgment of more than $1 billion at a two-week jury trial beginning March 5. (Mon, 22 Aug 2011 07:09:58 -0700)

Setback for Sprint in motion against TerreStar
(Reuters) - A bankruptcy court has denied Sprint Nextel Corp's motion for a partial summary judgment in a proceeding against bankrupt mobile satellite network operator TerreStar Networks Inc , U.S. Bancorp and others. (Mon, 22 Aug 2011 08:08:26 -0700)

Creditors seek black radio company's bankruptcy
WILMINGTON, Delaware (Reuters) - A large radio broadcasting company targeting African-Americans and founded by civil rights leader Percy Sutton could wind up under the control of billionaire Ron Burkle and other creditors seeking to put it in bankruptcy. (Mon, 22 Aug 2011 09:26:32 -0700)

McCourt's bankruptcy lawyers bill $1.7 million, for 5 weeks
The law firm retained by Dodgers owner Frank McCourt to represent the team in its bankruptcy proceedings billed the team $1.7 million for five weeks of work, according to documents filed Monday in U.S The law firm retained by Dodgers owner Frank McCourt to represent the team in its bankruptcy proceedings billed the team $1.7 million for five weeks of work, according to documents filed Monday in ... (Mon, 22 Aug 2011 16:05:50 -0700)

Longtime North Dakota bankruptcy judge Hill retires
FARGO - After 28 years as North Dakota's U.S. bankruptcy judge, William Hill has hung up his robes and embraced retirement. Hill, who was appointed to the bench in 1983, marked his last day on Friday. (Mon, 22 Aug 2011 22:24:27 -0700)

Will bankruptcy solve mortgage crisis?
Debts, including mortgages in foreclosure, might be a good reason to see if bankruptcy can help you. (Tue, 23 Aug 2011 03:00:00 -0700)

Sazka, Lehman, ShengdaTech, Pinnacle Point Units: European, Bankruptcy
International bondholders for Sazka AS, the bankrupt Czech lottery operator, said they oppose terms for the sale of the business as proposed by bankruptcy administrator Josef Cupka. (Tue, 23 Aug 2011 03:41:17 -0700)

Bankruptcy claims-trading reaches 12-month high
--July Claims Transfers Hit $3.55B; $3.4B Tied To Lehman Brothers --$50B of Lehman Claims Have Been Traded Since June 2008 --Lehman's LBHI Claims Now Sell For 20 Cents-25 Cents On Dollar The value of bankruptcy claims trading privately in the secondary market reached $3.55 billion last month, according to broker-dealer SecondMarket Holdings Inc., the most since July 2010, when a record $12.7 ... (Tue, 23 Aug 2011 11:51:52 -0700)

W.R. Grace Lost Secret Auction, Chemical Company Tells Bankruptcy Judge
W.R. Grace & Co. lost an auction last month in which the specialty-chemical maker bid in secret for assets it would not publicly identify, the company told the judge overseeing its bankruptcy case. (Tue, 23 Aug 2011 14:39:40 -0700)

Bankruptcy trustees go after TBW vendors
Taylor, Bean & Whitaker bankruptcy trustee's lawyer said he has sent several hundred demands to people and businesses that did work for Taylor Bean and Farkas. (Tue, 23 Aug 2011 15:16:10 -0700)

Bankruptcy trustee sues Canyon County over Bujak case
A bankruptcy trustee has filed a lawsuit against Canyon County seeking to recover money former Prosecutor John Bujak gave the county before filing for bankruptcy, as well as the value of a contract to handle Nampa misdemeanors Bujak transferred to commissioners. (Tue, 23 Aug 2011 15:45:11 -0700)

Rhode Island Offers ‘Aggressive’ Yields After City Bankruptcy: Muni Credit
Rhode Island, whose poorest city filed for Chapter 9 bankruptcy protection Aug. 1, began a $169 million general-obligation bond sale yesterday with yields priced below an AA+ index of tax-exempt debt, one step higher. (Tue, 23 Aug 2011 21:25:30 -0700)

Intel-Backed Solar Company SpectraWatt Files for Bankruptcy
The company said it was forced to seek protection from creditors because of increasing competition from Chinese rivals and deteriorating prices in the solar industry, according to the Aug. 19 filing. Evergreen Solar Inc. cited similar reasons for its Aug. 15 bankruptcy filing. (Wed, 24 Aug 2011 00:25:08 -0700)

WaMu’s $7 Billion Bankruptcy Nears Finish Line
A bankruptcy judge indicated Wednesday that creditors may not have to wait long to find out whether she will confirm Washington Mutual Inc.'s $7 billion Chapter 11 plan. (Wed, 24 Aug 2011 08:25:34 -0700)

Intel solar spinoff SpectraWatt files for bankruptcy
SpectraWatt, which had hoped to improve solar-cell manufacturing, files for Chapter 11 bankruptcy protection, citing production problems and market conditions. (Wed, 24 Aug 2011 15:30:34 -0700)

Lehman revises bankruptcy plan to deal with objections
BANGALORE (Reuters) - Lehman Brothers Holdings Inc filed a revised version of its bankruptcy plan that included a request from JPMorgan Chase that the bank did not play any role in drafting the disclosure statement. (Thu, 25 Aug 2011 07:24:02 -0700)

IUSA’s Tubo De Pasteje Wins Approval of Bankruptcy Restructuring Plan
Tubo de Pasteje SA, a unit of copper-tubing maker Industrias Unidas SA, won court approval of its bankruptcy restructuring plan paying noteholders in full with new debt. (Thu, 25 Aug 2011 15:09:42 -0700)

Bankruptcy papers filed for Rocky Point hotel
The company that owns Hotel Peñasco del Sol in Rocky Point filed for bankruptcy protection this week after one of its creditors moved to take over the property. (Thu, 25 Aug 2011 21:16:37 -0700)

Is bankruptcy the answer for struggling Pontiac?
Somehow, it just has more credibility when Sheriff Michael Bouchard says it. (Fri, 26 Aug 2011 06:42:04 -0700)

Vallejo emerges from bankruptcy
City emerging from financial 'shackles' after three years (Sat, 27 Aug 2011 15:16:58 -0700)

Will bankruptcy ruin chances of employers offering a job?
How negatively do employers view an applicant who has a bankruptcy on his or her credit report? (Sat, 27 Aug 2011 18:01:52 -0700)

Bankruptcy: What you need to know
GREENSBORO - The walls of the U.S. Bankruptcy Court in downtown Greensboro are lined with stories of regular people over their heads in debt.Listen long enough to their brief hearings with bankruptcy trustees and a panel of bankruptcy administrators and similar stories begin to emerge.On... (Sat, 27 Aug 2011 18:05:40 -0700)

Value of home key to filing bankruptcy
You may be able to cut your mortgage payment through a Chapter 13 bankruptcy. (Sun, 28 Aug 2011 01:01:34 -0700)

Bankruptcy Filing for Yarnell's
Two months after shutting down, Searcy-based Yarnell's Ice Cream has filed for bankruptcy. In a news release, the company said it made the Chapter 7 filing with the with the U.S. Bankruptcy Court, Eastern District of Arkansas, in Little Rock today. (Mon, 29 Aug 2011 08:47:28 -0700)

Bankruptcy Judge Tells UAW It Won't Waste Time Reviewing Case Against Old GM
detnews.com/article/20110829/AUTO01/108290392/1148/auto01/Bankruptcy-court-won%E2%80%99t-block-UAW%E2%80%99s-$450-million-GM-suit#" class="itxtrst itxtrsta itxthook" style="font-weight: normal; font-size: 100%; text-decoration: underline; border-bottom: 0.075em solid darkgreen; padding-bottom: 1px; color: darkgreen; background-color: transparent;"> Auto Workers against General Motors Co. seeking ... (Mon, 29 Aug 2011 10:36:58 -0700)

Bankruptcy court won't block UAW's $450M GM suit
Washington— A federal bankruptcy judge won't dismiss a lawsuit filed by the United Auto Workers against General Motors Co. seeking $450 million in payments to a retiree health care trust fund. (Mon, 29 Aug 2011 11:59:59 -0700)

Searcy-based Yarnell's Ice Cream files bankruptcy
Yarnell's Ice Cream Co. filed for Chapter 7 bankruptcy on Friday, but the development doesn't necessarily signal the end of the last locally-owned ice cream producer in Arkansas. (Mon, 29 Aug 2011 12:37:14 -0700)

Use bankruptcy to kick sister out?
Using bankruptcy as a way to get your share of a home is probably not your best option. (Tue, 30 Aug 2011 03:00:00 -0700)

Lehman to seek creditor vote on $65 billion payout
NEW YORK (Reuters) - Lehman Brothers Holdings Inc will ask a bankruptcy judge on Tuesday to let creditors vote on its $65 billion payout plan, a key step toward ending the biggest bankruptcy in U.S. history. (Tue, 30 Aug 2011 03:04:03 -0700)

Harry & David Reorganization Plan Wins Bankruptcy Court Court Confirmation
Harry & David Holdings Inc., the gift-box retailer that has sold fruit by mail since the 1930s, received approval of its reorganization plan and said it’s set to emerge from bankruptcy protection on Sept. 13. (Tue, 30 Aug 2011 06:24:41 -0700)

Offshore Funds, Madoff, Innkeepers, Giordano’s: Bankruptcy
The Bermudian liquidators for Millennium Global Emerging Credit Master Fund Ltd. are entitled to use bankruptcy courts in the U.S., Bankruptcy Judge Allan Gropper ruled in a 36-page opinion on Aug. 26. (Tue, 30 Aug 2011 07:32:48 -0700)

Quality Low-Cost Help for Debtors Needing to File Bankruptcy is Now Available
1st Choice Bankruptcy Preparation was created with the debtor in mind. The company not only offers bankruptcy preparation services to help file bankruptcy, but also has an informative website that educates the debtor on bankruptcy and the filing process to help them with their decision. (PRWeb August 30, 2011) Read the full story at http://www.prweb.com/releases/20 ... (Tue, 30 Aug 2011 07:37:20 -0700)

Lehman Bankruptcy Judge Approves Liquidation Plan for Vote by Creditors
Lehman Brothers Holdings Inc. (LEHMQ) won approval to send its liquidation plan to creditors for a vote as the failed investment bank works to wind down its three-year stay in bankruptcy. (Tue, 30 Aug 2011 10:39:44 -0700)

DealBook: Lehman Bankruptcy Takes Big Step Toward an End
A federal bankruptcy judge approved a plan by Lehman's bankruptcy estate to pay out about $65 billion to creditors. (Tue, 30 Aug 2011 11:03:20 -0700)

Judge OKs Lehman Bankruptcy Plan
A judge gave creditors of Lehman Brothers approval to vote on the defunct investment bank's $65 billion payback proposal, clearing the path to end the biggest bankruptcy in U.S. history.  (Tue, 30 Aug 2011 11:13:36 -0700)

DealBook: Lehman Bankruptcy Takes Big Step Toward an End
A federal bankruptcy judge approved a plan by Lehman's bankruptcy estate to pay out about $65 billion to creditors. (Tue, 30 Aug 2011 11:55:58 -0700)

Judge approves vote on Lehman bankruptcy deal
A US court on Tuesday paved the way for final approval of the $65 billion bankruptcy of Lehman Brothers, the investment bank whose 2008 collapse plunged the world into financial crisis. (Tue, 30 Aug 2011 14:23:31 -0700)

Madoff, GSC, Zais, Innkeepers, Borders, Lehman: Bankruptcy
Irving Picard, the trustee liquidating Bernard L. Madoff Investment Securities Inc., filed papers in U.S. District Court on Aug. 26 to protect his right to appeal the July ruling in which U.S. District Judge Jed Rakoff dismissed the larger part of Picard’s $9 billion suit against HSBC Holdings Plc. (Wed, 31 Aug 2011 07:34:23 -0700)

Solyndra Headed Into Bankruptcy
NEW YORK (TheStreet) -- U.S. solar company Solyndra, which once had dreams of a big IPO, is headed into bankruptcy. A analyst in the solar market said an announcement from the embattled U.S. solar company was imminent, expected at noon on Wednesday, after speaking with an employee of the firm in Europe, where all employees were told on Wednesday that they were being let go. A local Bay Area NBC ... (Wed, 31 Aug 2011 08:51:49 -0700)

Bankruptcy of solar firm: ominous sign for industry
Bankruptcy of Solyndra, once touted by President Obama, is third failure of a US solar firm this month. Bankruptcy will serve as fuel for critics of government stimulus. (Wed, 31 Aug 2011 20:06:40 -0700)


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