101 bankruptcy Online Bankruptcy Resources
Home Bankruptcy Guide Bankruptcy Resources Links About
Bankruptcy News Archive
Apr 2015 | Mar 2015 | Feb 2015 | Jan 2015 | Dec 2014 | Nov 2014 | Oct 2014 | Sep 2014 | Aug 2014 | Jul 2014 | Jun 2014 | May 2014 | Apr 2014 | Mar 2014 | Feb 2014 | Jan 2014 | Dec 2013 | Nov 2013 | Oct 2013 | Sep 2013 | Aug 2013 | Jul 2013 | Jun 2013 | May 2013 | Apr 2013 | Mar 2013 | Feb 2013 | Jan 2013 | Dec 2012 | Nov 2012 | Oct 2012 | Sep 2012 | Aug 2012 | Jul 2012 | Jun 2012 | May 2012 | Apr 2012 | Mar 2012 | Feb 2012 | Jan 2012 | Dec 2011 | Nov 2011 | Oct 2011 | Sep 2011 | Aug 2011 | Jul 2011 | Jun 2011 | May 2011 | Apr 2011 | Mar 2011 | Feb 2011 | Nov 2010 | Oct 2010 | Sep 2010 | Aug 2010 | Jul 2010 | Jun 2010 | May 2010 | Apr 2010 | Mar 2010 | Feb 2010 | Jan 2010 | Dec 2009 | Nov 2009 | Oct 2009 | Sep 2009 | Aug 2009 | Jul 2009 | Jun 2009 | May 2009 | Apr 2009 | Mar 2009 | Feb 2009 | Jan 2009 | Dec 2008 | Nov 2008 | Oct 2008 | Sep 2008 | Aug 2008 | Jul 2008 | Jun 2008 | May 2008 | Apr 2008 | Mar 2008 | Feb 2008 | Jan 2008 | Dec 2007 | Nov 2007 | Oct 2007 | Sep 2007 | Aug 2007 | Jul 2007 | Jun 2007 | May 2007 | Apr 2007 | Mar 2007 | Feb 2007 | Jan 2007 | Dec 2006 | Nov 2006 | Oct 2006 | Sep 2006 | Aug 2006 | Jul 2006

Home > Bankruptcy News

Bankruptcy News Sep 2011

Watch: Will Company's Bankruptcy Hurt Obama Jobs Record?
James Carville on implications of a White House-backed company's bankruptcy. (Thu, 01 Sep 2011 05:43:13 -0700)

Lehman, Boston Generating, Dodgers, M Waikiki: Bankruptcy
(This report contains items about companies both in bankruptcy and not in bankruptcy. Adds Lehman as first item; Madoff, South Edge and Seaarland in Updates; M Waikiki in New Filing; and Reader’s Digest, Newark Group, Mueller Water and Flexera in Downgrades.) (Thu, 01 Sep 2011 08:03:13 -0700)

Fremont solar firm Solyndra files for bankruptcy
In a blow to the Obama administration's efforts to create green jobs, solar-cell maker Solyndra announced today that it would close its Fremont factory, lay off its 1,100 employees and file for bankruptcy. The news... (Thu, 01 Sep 2011 08:45:40 -0700)

DeLand bankruptcy lawyer disbarred
DeLand bankruptcy attorney J. Christopher Rich has been permanently disbarred by the Florida Supreme Court, the Florida Bar reported. (Thu, 01 Sep 2011 13:53:42 -0700)

Solar Company Solyndra Follows Evergreen and SpectraWatt into Bankruptcy Court
COMMENTARY | A California solar energy company into which President Obama's Recovery Act poured $475 million dollars announced bankruptcy yesterday and laid off more than 1,000 workers. The layoffs would have been even larger had the company measured up to Obama administration projections of job growth. (Thu, 01 Sep 2011 15:35:00 -0700)

Dodgers’ Bankruptcy Rolls Up Fees by the Hour
Paying for bankruptcy lawyers is not cheap, as the Dodgers owner Frank McCourt is learning. (Thu, 01 Sep 2011 21:02:03 -0700)

Bankruptcy filings fall in NW Ohio
Bankruptcy cases in northwest Ohio dropped 26 percent in August from the month last year, the 12th straight month that filings have decreased from the same month a year earlier. But experts say that news merely may be a reflection of a worsening economy and not a positive sign. (Thu, 01 Sep 2011 21:20:15 -0700)

Dodgers’ Bankruptcy Rolls Up Fees by the Hour
Paying for bankruptcy lawyers is not cheap, as the Dodgers owner Frank McCourt is learning. (Fri, 02 Sep 2011 03:02:37 -0700)

DealBook: When a Bankruptcy 'Event' Doesn't Mean Bankruptcy
An argument by a hedge fund, if adopted, could have major implications for the broader credit default swap market. (Fri, 02 Sep 2011 04:48:05 -0700)

Gazette.Net: Part-psychologist bankruptcy attorney leads state organization
The newest president of the Maryland Bankruptcy Bar Association always keeps a box of tissues on his desk. “You have to be empathetic,” Alan Eisler said. “People are disclosing to you their life history. They’re embarrassed to be there. You’re part-psychologist.” (Fri, 02 Sep 2011 05:32:00 -0700)

Madoff, M Waikiki Hotel, Ambac, Borders, West End: Bankruptcy
Irving Picard, the trustee liquidating Bernard L. Madoff Investment Securities Inc., undeterred by the recent dismissal of large portions of his $9 billion lawsuit against HSBC Holdings Plc, is still suing major international financial institutions. Yesterday, Picard started six new lawsuits, seeking almost $220 million from Sumitomo Mitsui Trust Holdings Inc. and affiliates of Barclays Plc ... (Fri, 02 Sep 2011 07:32:58 -0700)

Bankruptcy usually doesn't erase student loan debt
When saddled by debt, talk with a bankruptcy attorney before filing to discuss your situation and find out whether you are 'judgment proof.' Dear Liz: I was hurt on the job and was fired. I have a lawyer helping me fight the company, but I have no income and I'm being haunted by collection agencies. I owe $5,000 on credit cards and have a student loan that started at $20,000 but is now $30,000 ... (Sun, 04 Sep 2011 00:23:51 -0700)

After bankruptcy, apply for credit cards
Bankruptcy might ravage your personal finances, but that doesn't mean you still can't apply for new credit cards. In fact, issuers are likely to send you a slew of offers after your case closes. (Sun, 04 Sep 2011 04:44:20 -0700)

Bankruptcy Specialist Attorney Jeffrey B. Smith Announces Special Rates for Chapter 7 Bankruptcy Services.
In a Chapter 7 bankruptcy, the U.S. Trustee has the power to cancel all the debtor's debts. Attorney Jeffrey B. Smith can assist the debtor in wiping out the debt at a new low fee.Los Angeles, CA (PRWEB) September 05, 2011 In Chapter 7 bankruptcy, the U.S. Trustee has the power to cancel many (or all) of your debts. At the same time it also has the power to sell (liquidate) some of the debtor's ... (Mon, 05 Sep 2011 00:06:45 -0700)

Solyndra, Solar-Panel Maker in California, Files for Bankruptcy Protection
Solyndra LLC, a solar-panel maker whose $535 million federal loan guarantee was criticized by Republican lawmakers, filed for bankruptcy, at least the third solar company to seek court protection from creditors since August. (Mon, 05 Sep 2011 23:24:40 -0700)

U.S. solar firm Solyndra files for bankruptcy protection
(Reuters) - Solyndra LLC, a solar panel maker which had earlier received $535 million in federal loan guarantees, filed for Chapter 11 bankruptcy protection early on Tuesday, making it the third U.S. solar firm to succumb to pressure from lower-cost Chinese rivals. (Tue, 06 Sep 2011 02:55:57 -0700)

To keep house, keep paying Ch. 13 bankruptcy
No matter how high the payments are, Chapter 13 bankruptcy allows you to keep your property. (Tue, 06 Sep 2011 03:00:00 -0700)

Borders, Solyndra, Lehman, Madoff, Xanadoo: Bankruptcy
Jefferies & Co. Inc., the financial adviser and investment banker for Borders Group Inc., shouldn’t be paid a $1.5 million success fee after failing to sell the book retailer as a going concern, the U.S. Trustee said in a court filing last week. (Tue, 06 Sep 2011 06:38:06 -0700)

Solyndra files for bankruptcy, looks for buyer
A California solar panel manufacturer that received more than a half-billion dollars in government loan guarantees filed for Chapter 11 bankruptcy Tuesday and plans to seek a buyer for the company. (Tue, 06 Sep 2011 13:38:41 -0700)

Solyndra files bankruptcy, employees sue
Solyndra, the solar-cell company whose collapse last week triggered a national debate over green jobs, filed its bankruptcy papers Monday, listing $859 million in assets and $784 million in secured loans. The company's... (Tue, 06 Sep 2011 15:15:23 -0700)

Bankruptcy for Solyndra. Is it China's fault?
Bankruptcy of the third US solar company in recent weeks has some Democrats accusing subsidized competition from China. Could revamped trade policy protect 'green' firms from bankruptcy? (Tue, 06 Sep 2011 22:50:26 -0700)

Crisis-hit Saab files for bankruptcy protection
Swedish Automobile, the owner of beleaguered carmaker Saab, said on Wednesday that the Swedish brand was filing for bankruptcy protection amid towers of unpaid bills and salaries. (Wed, 07 Sep 2011 02:13:35 -0700)

Saab files for bankruptcy protection
( FT ) -- Saab, the Swedish carmaker that had been struggling financially in recent months, is filing for bankruptcy protection. (Wed, 07 Sep 2011 05:01:17 -0700)

Factbox - Saab's bankruptcy protection application
(Reuters) - Ailing Swedish car maker Saab, owned by Saab Automobile , on Wednesday filed for bankruptcy protection through a "voluntary reorganisation" while it continues to wait for promised new investments from two Chinese firms. (Wed, 07 Sep 2011 05:35:05 -0700)

Madoff, NewPage, Raser, Doral, Garlock, Sbarro: Bankruptcy
The trustee liquidating Bernard L. Madoff Investment Securities Inc. received a vote of confidence last week when U.S. District Judge Kimba M. Wood ruled that he is using valid theories to recover money customers took out of the Ponzi scheme before the fraud was discovered. (Wed, 07 Sep 2011 06:52:17 -0700)

Sweden's Saab files for bankruptcy protection
The owner of cash-strapped car maker Saab filed for bankruptcy protection on Wednesday in a last-ditch attempt to salvage a brand crippled by production stoppages, withheld salary payments and mounting debt. (Wed, 07 Sep 2011 08:01:32 -0700)

Swedish carmaker Saab files for bankruptcy protection amid output stoppages, withheld salaries
STOCKHOLM — The owner of cash-strapped car maker Saab filed for bankruptcy protection on Wednesday in a last-ditch attempt to salvage a brand crippled by production stoppages, withheld salary payments and mounting debt. Swedish Automobile, formerly known as Spyker Cars, said the move would buy it time to receive funding from Chinese investors, currently awaiting regulatory approval, and avoid ... (Wed, 07 Sep 2011 08:02:28 -0700)

Crisis-hit Saab files for bankruptcy protection
Beleaguered Swedish carmaker Saab on Wednesday filed for protection from its creditors amid towers of unpaid bills in what appeared to be a last-ditch attempt to ward off bankruptcy. (Wed, 07 Sep 2011 08:46:24 -0700)

Carmaker Saab files for bankruptcy protection
Longtime Swedish automaker has $210 million in unpaid bills; Looking to Chinese investors to rescue company (Wed, 07 Sep 2011 18:56:07 -0700)

Can bankruptcy get sister out of house?
Dear Bankruptcy Adviser, My mother left my sister and me her house. The house is paid in full, and the taxes are current. My sister lives there for free. My mother signed the house to us to be sold and split equally. We both have attorneys. She will not give me my half and says she can't afford it. (Thu, 08 Sep 2011 04:46:41 -0700)

Saab bankruptcy likely 'in days'
Swedish trade unions say they could demand that Saab be declared bankrupt within days after a court rejects its application for protection from creditors. (Thu, 08 Sep 2011 06:16:17 -0700)

Madoff, Gallo, L.A. Dodgers, Lehman, Solyndra: Bankruptcy
(This report contains items about companies both in bankruptcy and not in bankruptcy. Updates Alexander Gallo in New Filing; adds Corus, Solyndra and Madison 92 in Updates; Quality Home Brands in Watch List; Reader’s Digest in Downgrade; sections on Statistics and Podcast.) (Thu, 08 Sep 2011 06:22:52 -0700)

Saab faces bankruptcy after court plea rejected
STOCKHOLM (Reuters) - Ailing carmaker Saab was pushed closer to bankruptcy on Thursday after a Swedish court rejected its application for protection from creditors while it awaits vital Chinese investment. ... (Thu, 08 Sep 2011 06:41:34 -0700)

Saab denied bankruptcy protection
A Swedish court on Thursday rejected car maker Saab's application for creditor protection, paving the way for possible bankruptcy filings from labor unions within days. (Thu, 08 Sep 2011 07:33:03 -0700)

Saab bankruptcy plan rejected. Now what?
Saab bankruptcy rejected by Swedish court, saying its financial plan for solvency unclear. Automaker's unions may file bankruptcy petition for Saab. (Thu, 08 Sep 2011 08:36:07 -0700)

Bankruptcy filings in Valley rose 13% in August
Phoenix-area bankruptcies rose in August, in contrast with a recent trend of improvement. (Thu, 08 Sep 2011 17:28:18 -0700)

Madoff, Solyndra, Lehman, NewPage, Inspirada: Bankruptcy
(This report contains items about companies both in bankruptcy and not in bankruptcy. Adds Lehman, Nebraska Book, Philadelphia Orchestra and Perkins in Updates; Blackboard in Downgrades, and section on Bankruptcy Podcast & Video.) (Fri, 09 Sep 2011 06:45:14 -0700)

Bankruptcy Attorney Champions Zero Interest For Underwater Mortgages
Reed Allmand of Allmand Law (http://www.allmandlaw.com), has partnered with the National Association of Consumer Bankruptcy Attorneys (NACBA) in backing the proposed Principal Paydown Plan (PPP) designed to address the foreclosure crisis.Dallas, Texas (PRWEB) September 10, 2011 Reed Allmand of Allmand Law (http://www.allmandlaw.com), has partnered with the National Association of Consumer ... (Sat, 10 Sep 2011 00:09:51 -0700)

Capitol Alert: Bankruptcy bill passes Assembly and heads to Jerry Brown
Legislation designed to keep cities, counties, special districts and other public agencies from rushing into bankruptcy is headed to Gov. Jerry Brown after passing the Legislature Friday. (Sat, 10 Sep 2011 09:15:42 -0700)

Unions hold off bankruptcy action against Saab
Unions said Monday they will hold off bankruptcy action against Saab Automobile until an appeals court has reviewed the cash-strapped car maker's request for bankruptcy protection. (Mon, 12 Sep 2011 03:45:35 -0700)

Union takes bankruptcy action against Saab
A Swedish trade union on Monday said it will take bankruptcy action against troubled automaker Saab Automobile to secure payments to its members, who still haven't received their August salaries. (Mon, 12 Sep 2011 05:09:31 -0700)

Devils could be in bankruptcy danger
The heavily-indebted New Jersey Devils missed a Sept. 1 loan payment, giving their lenders a breakaway chance to push the three-time NHL champion into bankruptcy, the New York Post reported Monday. (Mon, 12 Sep 2011 06:14:52 -0700)

Swedish trade unions take bankruptcy action against Saab Automobile
STOCKHOLM - Two Swedish trade unions filed bankruptcy petitions Monday against Saab Automobile, pressuring the troubled automaker to present a viable funding solution or face collapse within weeks. (Mon, 12 Sep 2011 06:42:41 -0700)

Union takes bankruptcy action against Saab to secure salaries
Stockholm— A Swedish trade union on Monday said it will take bankruptcy action against troubled automaker Saab Automobile to secure payments to its members, who still haven't received their August salaries. (Mon, 12 Sep 2011 06:43:43 -0700)

Unions seek Saab bankruptcy
TROLLHATTAN, Sweden/AMSTERDAM (Reuters) - Saab lurched further into crisis on Monday as two of the cash-strapped Swedish car maker's own unions served bankruptcy applications despite the company having conjured up a promise of 70 million euros ($96 million) in vital financing. (Mon, 12 Sep 2011 07:55:10 -0700)

Unions take bankruptcy action against Saab
Two Swedish trade unions filed bankruptcy petitions Monday against Saab Automobile, pressuring the troubled automaker to present a viable funding solution or face collapse within weeks. (Mon, 12 Sep 2011 08:38:40 -0700)

Saab appeals to court as unions seek bankruptcy
TROLLHATTAN, Sweden/AMSTERDAM (Reuters) - Saab lurched further into crisis on Monday as two of the cash-strapped Swedish car maker's own unions served bankruptcy applications despite the company having ... (Mon, 12 Sep 2011 08:53:30 -0700)

Countrywide bankruptcy? Bank of America keeps its options open
Is bankruptcy possible for Countrywide Financial Corp., the Calabasas-based home lender whose acquisition has cost Bank of America Corp. tens of billions of dollars? BofA Chief Executive Brian Moynihan didn't rule that out Monday in addressing an analyst conference in New York, though he didn't elaborate on the chance of such an extreme action either. (Mon, 12 Sep 2011 09:24:19 -0700)

Dallas Stars hockey team to be sold in bankruptcy
(Reuters) - The Dallas Stars hockey team plans to file for bankruptcy this week with a proposal for a quick sale to a Canadian businessman for about $230 million, according to sources close to the talks. (Mon, 12 Sep 2011 15:38:21 -0700)

Study: College graduates driving increase in bankruptcy filings
College graduates are the fastest-growing group of consumers who have filed for bankruptcy protection in the past five years, according to a new study by a financial nonprofit, which underscores the broad reach of the Great Recession. The survey by the Institute for Financial Literacy, slated for release Tuesday, found that the percentage of debtors with a bachelor’s degree rose from 11.2 ... (Mon, 12 Sep 2011 16:44:59 -0700)

Convert from Ch. 13 to Ch. 7 in bankruptcy?
Certain requirements must be met before you can convert your bankruptcy from Ch. 13 to Ch. 7. (Tue, 13 Sep 2011 03:00:00 -0700)

Grocers denied bankruptcy protection
A bankruptcy protection case filed on behalf of Associated Grocers of Maine has been thrown out, and documents show the defunct distributor is unable to repay hundreds of creditors, including former employees. (Tue, 13 Sep 2011 04:11:04 -0700)

Bankruptcy among college grads grows
Bankruptcy has gotten more educated over the past five years, as financial distress spread to more of the population with college degrees, according to study results released Tuesday. (Tue, 13 Sep 2011 05:02:44 -0700)

More college grads file for bankruptcy
Bankruptcy has gotten more educated over the past five years, as financial distress spread to more of the population with college degrees, according to study results released Tuesday. (Tue, 13 Sep 2011 05:40:00 -0700)

Bankruptcy among college grads grows
Bankruptcy has gotten more educated over the past five years, as financial distress spread to more of the population with college degrees, according to study results released Tuesday. (Tue, 13 Sep 2011 05:41:24 -0700)

Filings for bankruptcy hit new low in August
New bankruptcy filings in Buffalo and Rochester again fell by 20 percent in August from a year earlier, marking the 15th straight monthly decline and the 19th in the past 20 months. (Wed, 14 Sep 2011 05:17:21 -0700)

Harry & David exits Ch. 11 bankruptcy protection
Harry & David exited from Ch. 11 bankruptcy protection in less than six months after the gift and gourmet food company first sought to restructure itself. (Wed, 14 Sep 2011 06:34:33 -0700)

WaMu, Seaarland, WLIB, Ambac, Lehman, Madoff: Bankruptcy
Washington Mutual Inc.’s full- payment Chapter 11 plan was denied approval for a second time in eight months when U.S. Bankruptcy Judge Mary F. Walrath wrote a 139-opinion refusing confirmation. (Wed, 14 Sep 2011 08:46:53 -0700)

Innkeepers Allowed to Extend Control Over Bankruptcy Case Until November
Innkeepers USA Trust won approval to extend control over its bankruptcy case amid a dispute with Cerberus Capital Management LP and Chatham Lodging Trust (CLDT) over whether they will buy 64 of its hotels. (Wed, 14 Sep 2011 08:55:06 -0700)

DOE supports solar despite Solyndra bankruptcy
WASHINGTON (Reuters) - The Obama Administration has no intention of "walking away" from investing in renewable energy projects despite the bankruptcy of a high-profile solar panel maker backed by federal loan guarantees, a top U.S. Energy Department official said on Wednesday. (Wed, 14 Sep 2011 11:44:51 -0700)

3 years on, Lehman on path to exit bankruptcy
NEW YORK (Reuters) - Three years after its collapse, Lehman Brothers is still stuck in bankruptcy court -- but three years is not as long as it sounds, says the failed investment bank's lead bankruptcy lawyer. (Wed, 14 Sep 2011 13:30:39 -0700)

Bankruptcy Getting Easier To Recover From
Personal bankruptcy filings are down in Colorado for the first half of 2011, compared with this time last year. But in the last couple of years, personal bankruptcy filings have hit record highs. (Wed, 14 Sep 2011 20:18:25 -0700)

Lehman, Allen Family, Crystal Cathedral, Vitro: Bankruptcy
(This report contains items about companies both in bankruptcy and not in bankruptcy. Updates Lehman and adds Crystal Cathedral and Innkeepers in Updates, Jefferson County and Solyndra in Briefly Noted and section on Daily Podcast.) (Thu, 15 Sep 2011 06:33:12 -0700)

Alabama county faces bankruptcy decision over debt
BIRMINGHAM Ala./ATLANTA (Reuters) - Alabama's Jefferson County will decide on Friday whether to declare bankruptcy over its $3.14 billion bond debt and there are hints the outline of a deal with creditors may be possible. (Thu, 15 Sep 2011 08:00:59 -0700)

BofA Said to Keep Bankruptcy as Option for Countrywide Unit
Bank of America Corp. (BAC) , the lender burdened by its Countrywide Financial Corp. takeover, would consider putting the unit into bankruptcy if litigation losses threaten to cripple the parent, said four people with knowledge of the firm’s strategy. (Thu, 15 Sep 2011 21:20:59 -0700)

Bankruptcy Talk Divides Rich and Poor of Jefferson County
For some residents of Mountain Brook, Alabama’s richest city, declaring the biggest municipal bankruptcy in U.S. history isn’t the way for Jefferson County to confront its financial distress. (Thu, 15 Sep 2011 21:24:40 -0700)

BofA Keeps Countrywide Bankruptcy as Option
Bank of America Corp., the lender burdened by its Countrywide Financial Corp. takeover, would consider putting the unit into bankruptcy if litigation losses threaten to cripple the parent, said four people with knowledge of the firm’s strategy. (Fri, 16 Sep 2011 05:41:16 -0700)

BofA Keeps Bankruptcy Option for Countrywide
Bank of America would consider putting the unit it bought in 2008 into bankruptcy if litigation losses threaten to cripple the parent (Fri, 16 Sep 2011 07:22:12 -0700)

Big bankruptcy averted? Ala. county to settle
Leaders of Alabama's largest county approve a framework for a settlement with Wall Street that avoids the immediate possibility of the largest municipal bankruptcy in U.S. history. (Fri, 16 Sep 2011 12:35:10 -0700)

Ala. county votes to settle debt, avoid bankruptcy
A preliminary deal approved Friday with Wall Street bankers would allow Alabama's most populous county to avoid the embarrassment of filing the largest municipal bankruptcy in U.S. history. But to help bail their local government out of $3 billion in sewer debt, residents could see tax increases, service reductions and decades of sewer rate hikes. (Fri, 16 Sep 2011 14:36:14 -0700)

More college grads file for bankruptcy
Bankruptcy has gotten more educated over the past five years, as financial distress spread to more of the population with college degrees, according to study results released Tuesday. (Fri, 16 Sep 2011 15:43:00 -0700)

Dodgers ask bankruptcy court to approve rules for TV rights auction
WILMINGTON, Del. — The Los Angeles Dodgers have asked a federal bankruptcy judge to approve procedures for the team to auction its local television rights for the 2014 season and beyond. In a 37-page motion filed Friday with U.S. Bankruptcy Judge Kevin Gross, the Dodgers said “market conditions are optimal for licensing the telecast rights because the market for sports media rights in Los ... (Fri, 16 Sep 2011 17:32:56 -0700)

Will Solyndra Bankruptcy Hamper Green Jobs?
Two weeks ago an American solar company declared bankruptcy. It was one of three U.S. solar companies to go under in a month, but this one was special. Solyndra, the solar panel manufacturer, risked losing as much as $528 million in taxpayer money the day... (Mon, 19 Sep 2011 03:40:26 -0700)

Madoff, Dodgers, Solyndra, Lehman, Sawgrass: Bankruptcy
(This report contains items about companies both in bankruptcy and not in bankruptcy. Updates Madoff and Lehman items and adds Dodgers and Solyndra in Updates, Quality Home Brands and Vulcan Materials in Downgrades, Jefferson County in Watch List and two items in Advance Sheets.) (Mon, 19 Sep 2011 06:25:21 -0700)

Contractor files bankruptcy to avoid paying
A major city contractor fled into bankruptcy to dodge paying the MTA $6.5 million and cheated workers out of millions more through a dummy company that skirted labor agreements, court papers charge. (Tue, 20 Sep 2011 03:49:01 -0700)

Vasco Data says DigiNotar filed for bankruptcy
Internet security company Vasco Data Security International Inc. said Tuesday that its DigiNotar subsidiary has filed for voluntary bankruptcy protection in a Netherlands court as a result of hacking attacks this summer. (Tue, 20 Sep 2011 05:53:53 -0700)

Some Spend Lavishly up to Their Date With Bankruptcy Court
If you're working hard, brown-bagging your lunches and trying to pay your bills the old-fashioned way, it's irksome to see other people flying by in late-model cars with seemingly not a care in the world. (Tue, 20 Sep 2011 06:55:05 -0700)

Racsko: Bankruptcy Trustee Of Mother Can Invade Her Children's Trust On Fraudulent Transfer Grounds
In re Racsko, 2011 WL 4344300 (Bkrtcy.E.D.Tenn., Slip Copy, Sept. 14, 2011). Sometimes debtors believe that so long as they give stuff to their kids, or to benefit their kids, all will be well despite any other circumstances. Such debtors couldn?t be any more wrong. Sharon Racsko won $100,000 from her ex-husband?s retirement account in ... (Tue, 20 Sep 2011 08:03:55 -0700)

Elcoteq's subsidiary files for bankruptcy
HELSINKI (Reuters) - Elcoteq, the Finnish electronics manufacturer under insolvency proceedings, said on Tuesday it filed another subsidiary for bankruptcy. (Tue, 20 Sep 2011 09:29:47 -0700)

Bankruptcy Lawyer Testifies In Isleworth Murder Trial
ORLANDO, Fla. -- Lawyers spent a lot of time arguing about emails outside the presence of the jury in the Isleworth murder trial on Tuesday. Developer Bob Ward is accused of shooting and killing his wife Diane inside their Isleworth home in 2009. (Tue, 20 Sep 2011 09:50:19 -0700)

Is Bankruptcy Needed for Foreclosure?
Nix your mortgage payment and you'll head for foreclosure. Do you need to file bankruptcy, too? (Tue, 20 Sep 2011 10:25:02 -0700)

Old bankruptcy still haunts personal finances
The older the bankruptcy, the more likely the repair specialist will be successful in removing it. (Tue, 20 Sep 2011 11:43:12 -0700)

Saab wins bankruptcy court appeal
Troubled carmaker Saab will seek bankruptcy protection after overturning a court decision that prevented it from doing so. (Wed, 21 Sep 2011 04:57:37 -0700)

Fairfield Sentry, Lehman, Nebraska Book, Idearc: Bankruptcy
Liquidators for Fairfield Sentry Ltd. and affiliated funds, which had been the largest feeder funds for Bernard L. Madoff Investment Securities Inc., may not be able to sue foreign customers in the U.S. Bankruptcy Court in New York as the result of a Sept. 19 ruling by Chief U.S. District Judge Loretta A. Preska in New York. The liquidators might have a tactical advantage were they able to keep ... (Wed, 21 Sep 2011 06:11:11 -0700)

Sweden: Saab gets bankruptcy protection
A Swedish appeals court tossed a lifeline Wednesday to cash-strapped car maker Saab, approving its application for bankruptcy protection as it awaits funding from Chinese investors. (Wed, 21 Sep 2011 07:42:31 -0700)

Bankruptcy pace down 16% in first eight months
Bankruptcy filings continue this year at a pace well below last year’s record rate, according to U.S. Bankruptcy Court Middle District of Florida statistics. (Wed, 21 Sep 2011 07:59:30 -0700)

AMR Could Play Bankruptcy Card To Break Labor Logjam
American Airlines denied seeking bankruptcy liquidation (Chapter 7) but did not rule out the possibility of seeking bankruptcy protection (Chapter 11) to reorganize its labor agreements. (Wed, 21 Sep 2011 09:34:58 -0700)

Saab lives another day, winning bankruptcy protection
A Swedish appeals court on Wednesday gave the green light for beleaguered carmaker Saab to reorganise under bankruptcy protection, delaying what had appeared to be the company's imminent demise. (Wed, 21 Sep 2011 09:57:04 -0700)

Bankruptcy claims trading slows in August
(Reuters) - U.S. bankruptcy claims trading dropped sharply in August from the previous month due to a decline of activity involving the Lehman Brothers Holding Inc bankruptcy, according to a private report. (Wed, 21 Sep 2011 12:49:22 -0700)

Solyndra told Congress it was ‘on track’ before bankruptcy
Just months before it declared bankruptcy, now-bankrupt and scandal-ridden solar company Solyndra painted a rosy picture of its future for members of Congress. (Wed, 21 Sep 2011 15:50:30 -0700)

Bankruptcy doesn't mean Dodgers can't offer big contracts
Despite financial problems, Dodgers may be able to extend Matt Kemp's contract or attract a blue-chip free agent this winter — if it can persuade top players to sign. The playoffs will go on without the Dodgers again this fall. The time has come for winter dreams, for fans to hope the Dodgers can sign Matt Kemp to a long-term contract and pair him with Prince Fielder or Albert Pujols in what ... (Wed, 21 Sep 2011 19:13:07 -0700)

Bankruptcy doesn't mean Dodgers can't offer big contracts
Despite financial problems, Dodgers may be able to extend Matt Kemp's contract or attract a blue-chip free agent this winter — if it can persuade top players to sign. Despite financial problems, Dodgers may be able to extend Matt Kemp's contract or attract a blue-chip free agent this winter — if it can persuade top players to sign. (Thu, 22 Sep 2011 00:09:12 -0700)

Jevic, Paulson Resorts, Dodgers, Sawgrass, Perkins: Bankruptcy
CIT Group/Business Credit Inc. failed in its attempt to have a lawsuit dismissed in which creditors of Jevic Transportation Inc. alleged the lender received fraudulent transfers in financing a leveraged buyout of the trucker in 2006. (Thu, 22 Sep 2011 04:34:19 -0700)

Jevic, Solyndra, Lehman, Ambac, Madoff, Dodgers: Bankruptcy
CIT Group/Business Credit Inc. failed in its attempt to have a lawsuit dismissed in which creditors of Jevic Transportation Inc. alleged the lender received fraudulent transfers in financing a leveraged buyout of the trucker in 2006. (Thu, 22 Sep 2011 07:23:58 -0700)

Baseball Wants Bankruptcy Court to Allow Sale of Dodgers
M.L.B. objected to a plan proposed by the team to auction its media rights, and asked that a bankruptcy court terminate the exclusive period in which the team can file a reorganization. (Thu, 22 Sep 2011 18:35:21 -0700)

Central Falls, Madoff, Blockbuster, Point Blank: Bankruptcy
The City of Central Falls, Rhode Island, will tell the bankruptcy court at a status conference today how “it is possible” there will be new contracts negotiated with municipal unions by Oct. 31. Discussions are on what the city characterized as a “fast-track.” (Fri, 23 Sep 2011 07:04:19 -0700)

DOE Rescinds Solar Loan Guarantees In Wake Of Solyndra Bankruptcy
The collateral damage from the Solyndra bankruptcy is growing. On Friday, Silicon Valley startup SolarCity said the U.S. Department of Energy had rescinded a conditional $275 million loan guarantee to double the nation's solar panel installations only two weeks after the offer was made. The reason? More stringent requirements imposed in the wake of the ... (Fri, 23 Sep 2011 16:50:48 -0700)

What the Solyndra Bankruptcy Means for Cleantech Investors
As executives of defunct solar-panel manufacturer Solyndra keep mum in Washington, Silicon Valley and Wall Street are discussing what the bankruptcy - and the federal investigation - could mean for investors. "It has an impact; it's such a big story," says Sheeraz Haji, CEO of research firm Cleantech Group. In what some are calling "the ... (Fri, 23 Sep 2011 19:35:13 -0700)

Some 'old GM' bankruptcy fees questioned
Washington — A federal bankruptcy judge in New York is expected to decide Monday whether to approve nearly $125 million in legal fees and expenses for lawyers and consultants at "old" General Motors Corp. (Sat, 24 Sep 2011 00:44:25 -0700)

Bankruptcy, sale costs for Forum Health near $30M
U.S. Bankruptcy Judge Kay Woods is set to rule Oct. 25 on the appropriateness of some $29.5 million in compensation requested by major professional firms that worked on the Forum Health bankruptcy and sale. (Sat, 24 Sep 2011 22:10:18 -0700)

What is bankruptcy?
High-profile Wellington businessman Terry Serepisos will face stringent controls after being declared bankrupt today. (Sun, 25 Sep 2011 15:55:23 -0700)

Is AMR headed toward bankruptcy?
AMR's assets look adequate, but it has a lot of debt and faces other woes. (Sun, 25 Sep 2011 17:20:28 -0700)

Viceroy, Dodgers, NewPage, Solyndra, Windstar: Bankruptcy
The reorganization of the Viceroy Anguilla Resort and Residences on Anguilla in the British West Indies, which seemed near completion a week ago, could end in dismissal and failure at an Oct. 3 hearing. (Mon, 26 Sep 2011 05:53:22 -0700)

Martino bankruptcy creditor comes to his defense
The largest creditor in Tom Martino's bankruptcy is defending the self-styled consumer advocate as another creditor accuses him of potentially making fraudulent asset transfers. (Mon, 26 Sep 2011 10:25:01 -0700)

Delaware diocese emerges from bankruptcy
The Catholic Diocese of Wilmington has emerged from bankruptcy with the funding of a $77.4 million trust for victims of priest sex abuse. (Mon, 26 Sep 2011 16:15:22 -0700)

Bankruptcy judge approves Borders sale to Barnes & Noble
Bankrupt bookseller Borders Group Inc. won court approval Monday for the sale of its intellectual property to larger competitor Barnes & Noble Inc. after a dispute about privacy issues was resolved. (Mon, 26 Sep 2011 20:42:28 -0700)

Bankruptcy threat to Greece as euro ministers delay vital €8bn
Euro ministers refuse to give date for release €8bn bailout Greece may not be able to pay civil servants next month The spectre of bankruptcy is hanging over Greece , with the prospect of hundreds of thousands of civil servants going unpaid next month, as eurozone finance ministers refused to put a date on the release of a crucial €8bn (£6.9bn) cash infusion for the country. The Greek prime ... (Tue, 27 Sep 2011 01:25:03 -0700)

60 years old and $60K in debt
Bankruptcy could be an option when you are near retirement and earning less than minimum wage. (Tue, 27 Sep 2011 03:00:00 -0700)

Bankruptcy hearing for shuttered Solyndra
Solar cell company will ask for permission to auction off its state-of-the-art factory, built with $528M federal loan (Tue, 27 Sep 2011 04:37:49 -0700)

Solyndra, Borders, FGIC, Spiegel, Taylor Bean: Bankruptcy
Solyndra LLC is subject to “forces outside the Chapter 11 process” turning the manufacturer of solar energy panels into a “high-speed train headed for a quick sale that cannot be slowed down,” the official creditors’ committee said in a court filing. (Tue, 27 Sep 2011 05:33:04 -0700)

Solyndra to get bankruptcy hearing today
The company will ask for permission to auction off its state-of-the-art factory built with more than $500 million from the federal government. (Tue, 27 Sep 2011 06:06:47 -0700)

Hussey Copper Seeks Bankruptcy Protection Listing $100 Million in Debt
Hussey Copper Ltd., a maker of copper products, and five affiliates sought bankruptcy protection from creditors without giving a reason. (Tue, 27 Sep 2011 12:39:50 -0700)

Bankruptcy judge refuses to slow down sale of Solyndra
A Delaware bankruptcy judge on Tuesday refused to extend the sale timeline for failed solar-panel manufacturer Solyndra, which received a half-billion-dollar federal loan guarantee and was once touted by President Barack Obama in support of his administration's economic policies (Tue, 27 Sep 2011 15:30:23 -0700)

Dodgers seek delay on bankruptcy hearing
The Los Angeles Dodgers asked a Delaware bankruptcy judge on Tuesday to postpone a hearing on a motion by Major League Baseball aimed at forcing a sale of the team. Attorneys for Commissioner Bud Selig asked the judge last week to terminate the Dodgers' exclusive rights to file a reorganization plan so that the league could file its own plan, which calls for owner Frank McCourt to sell the... (Tue, 27 Sep 2011 16:25:24 -0700)

Florida’s Dirt Bond Holders Fight for Standing in Bankruptcy Pecking Order
Holders of a Florida development’s tax-exempt bonds are fighting a judge’s order that may make it harder for owners of at least $2.9 billion of defaulted debt to get paid by excluding them from a bankruptcy settlement. (Tue, 27 Sep 2011 21:25:50 -0700)

Madoff, L.A. Dodgers, Hussey, Lehman, Solyndra: Bankruptcy
New York Mets owner Fred Wilpon failed to win dismissal of the entire $1 billion lawsuit filed against him by the trustee liquidating Bernard L. Madoff Investment Securities Inc. (Wed, 28 Sep 2011 05:48:00 -0700)

Rolex sale likely to waylay Bujak bankruptcy, keep his debts alive
A U.S. Bankruptcy judge will decide next week whether former Canyon County prosecutor John Bujak (Wed, 28 Sep 2011 08:50:44 -0700)

Bankruptcy Scores: Ranking the Airlines
Using the Altman Z-Score, TheStreet evaluates the bankruptcy prospects for the airline industry. Click to view a price quote on AMR . Click to research the Transportation industry. (Wed, 28 Sep 2011 10:36:30 -0700)

Bankruptcy filed for Atlantic House condos
YORK, Maine — The owners of Atlantic House at York Beach have declared Chapter 11 bankruptcy for eight condominium hotel units scheduled to go to auction today. (Wed, 28 Sep 2011 23:15:03 -0700)

Madoff, Lehman, Dodgers, Seahawk, Palm Harbor: Bankruptcy
The Bernard L. Madoff Investment Securities Inc. opinion written this week by U.S. District Judge Jed Rakoff is costing Madoff customers significant amounts of money, now and in the future, the Madoff trustee said after a court hearing yesterday. The trustee also said he will soon appeal Rakoff’s ruling. (Thu, 29 Sep 2011 07:14:05 -0700)

Lehman bankruptcy payout plan gains momentum
NEW YORK (Reuters) - With more than $140 billion worth of claimholders now supporting its proposed bankruptcy exit plan, Lehman Brothers Holdings Inc's prospects for getting the plan approved by the end of the year are brightening. (Thu, 29 Sep 2011 13:45:06 -0700)

Friendly's chain close to bankruptcy: report
NEW YORK (Reuters) - Burger and ice cream chain Friendly's is close to filing for bankruptcy and may try to sell itself at auction, the Wall Street Journal reported on Thursday. (Thu, 29 Sep 2011 16:36:32 -0700)

Report: Friendly's prepares for bankruptcy
The Friendly's restaurant chain is preparing for a possible Chapter 11 bankruptcy filing and potential sale, the Wall Street Journal reported Thursday, citing people it said were familiar with the matter. (Thu, 29 Sep 2011 16:39:01 -0700)

Papa John's franchisee bankruptcy stalls paychecks at restaurants in Colorado, Minnesota
A Papa John's Pizza franchisee's bankruptcy filing has stalled paychecks for employees at more than 70 restaurants in Colorado and Minnesota. (Fri, 30 Sep 2011 00:14:47 -0700)

Solyndra bankruptcy may be a total loss for taxpayers
During the weeks of nasty congressional hearings and even nastier columns in the press since solar panel maker Solyndra declared bankruptcy, it's been widely assumed that the debacle cost the government over half a billion dollars. (Fri, 30 Sep 2011 03:29:00 -0700)

Solyndra bankruptcy may not be a total loss
During the weeks of nasty congressional hearings and even nastier columns in the press since solar panel maker Solyndra declared bankruptcy, it's been widely assumed that the debacle cost the government over half a billion dollars. (Fri, 30 Sep 2011 03:37:14 -0700)

Solyndra bankruptcy may not be a total loss for taxpayers
During the weeks of nasty congressional hearings and even nastier columns in the press since solar panel maker Solyndra declared bankruptcy, it's been widely assumed that the debacle cost the government over half a billion dollars. (Fri, 30 Sep 2011 05:19:02 -0700)

Solar dish maker Stirling files for bankruptcy
Stirling Energy Systems, which once had giant utility contracts, heads to bankruptcy amid a price war and technology shift away from solar thermal and toward photovoltaics. (Fri, 30 Sep 2011 06:15:43 -0700)

Friendly's considers bankruptcy
The ice cream and burger chain prepares for a possible bankruptcy filing as fewer consumers eat out. (Fri, 30 Sep 2011 09:29:27 -0700)

Solyndra bankruptcy may be a total loss for taxpayers
During the weeks of nasty congressional hearings and even nastier columns in the press since solar panel maker Solyndra declared bankruptcy, it's been widely assumed that the debacle cost the government over half a billion dollars. (Fri, 30 Sep 2011 10:28:00 -0700)

DealBook: Eastman Kodak Mulls Bankruptcy
The struggling Eastman Kodak denied that a bankruptcy filing was imminent after it hired a law firm to advise it on a possible restructuring. (Fri, 30 Sep 2011 13:57:54 -0700)

Judge wants fast hearing in Dodgers bankruptcy
A Delaware judge presiding over the Los Angeles Dodgers bankruptcy issued an order Friday scheduling a hearing that could determine the fate of the team and said he expects baseball Commissioner Bud Selig and Dodgers owner Frank McCourt to testify under o (Fri, 30 Sep 2011 15:45:07 -0700)

Kodak denies bankruptcy plan but shares plummet
(Reuters) Eastman Kodak Co shares lost more than half their value on Friday as the company hired a law firm well-known for bankruptcy cases, triggering speculation that the photography pioneer could file for bankruptcy. (Fri, 30 Sep 2011 16:36:17 -0700)

Judge sets hearing in Dodgers bankruptcy
(Reuters) - An evidentiary hearing in the contentious Los Angeles Dodgers bankruptcy will take place next month as the team and Major League Baseball continue to spar over control of the team and the Dodgers' plan to auction its TV rights. (Fri, 30 Sep 2011 17:15:36 -0700)

Judge wants quick hearing in Dodgers bankruptcy
A Delaware judge presiding over the Los Angeles Dodgers bankruptcy issued an order Friday scheduling a hearing that could determine the fate of the team and said he expects baseball Commissioner Bud Selig and Dodgers owner Frank McCourt to testify under oath. (Fri, 30 Sep 2011 17:20:13 -0700)

Judge schedules Dodgers bankruptcy hearing
The judge overseeing the Los Angeles Dodgers' bankruptcy scheduled a hearing at which he expects baseball commisioner Bud Selig and beleaguered team owner Frank McCourt to testify. (Fri, 30 Sep 2011 18:05:15 -0700)

Bankruptcy judge rules against Frank McCourt
Dodgers owner will not be allowed to put Bud Selig or other owners on trial. Four-day hearing to decide key issues in bankruptcy case will begin Oct. 31, earlier than the Dodgers wanted. Frank McCourt could know by mid-November whether he can retain ownership of the Dodgers, according to a schedule set Friday by the U.S. Bankruptcy Court. (Fri, 30 Sep 2011 19:10:09 -0700)

Bankruptcy judge rules against Frank McCourt
Dodgers owner will not be allowed to put Bud Selig or other owners on trial. Four-day hearing to decide key issues in bankruptcy case will begin Oct. 31, earlier than the Dodgers wanted. Frank McCourt could know by mid-November whether he can retain ownership of the Dodgers, according to a schedule set Friday by the U.S. Bankruptcy Court. (Fri, 30 Sep 2011 19:22:49 -0700)

Bankruptcy option suspected by Kodak investors
Bankruptcy imminent for Kodak? Investors dumped Kodak stock Friday, under suspicion that the company had p[lans to declare bankruptcy. (Fri, 30 Sep 2011 21:39:19 -0700)

Dodgers’ Bankruptcy Judge Orders Testimony by McCourt, Selig
A judge overseeing the bankruptcy of the Los Angeles Dodgers ordered team owner Frank McCourt and Baseball Commissioner Bud Selig to testify about their fight over whether McCourt should be forced to sell the club. (Fri, 30 Sep 2011 22:12:00 -0700)


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