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Home > Bankruptcy News

Bankruptcy News Oct 2011

Kodak bankruptcy? Investors dump stock.
Kodak says it has no intentions of filing for bankruptcy. But Kodak confirms hiring law firm specializing in restructuring and share price falls by more than half. (Sat, 01 Oct 2011 11:24:19 -0700)

Kodak Hires Legal Adviser Amid Talk of Bankruptcy
The struggling Eastman Kodak denied that a bankruptcy filing was imminent after it hired the law firm Jones Day to advise it on a possible restructuring. (Sun, 02 Oct 2011 11:44:26 -0700)

Bankruptcy is not a crime but can be a solution towards recovery
Our laws must be reformed to stop treating personal bankruptcy as a crime, writes Claire Moran. (Sun, 02 Oct 2011 18:36:00 -0700)

Kodak shares rise after bankruptcy denial
(Reuters) - Shares of Eastman Kodak rose more than 35 percent on Monday after the company said it had no intention of filing for bankruptcy. (Mon, 03 Oct 2011 06:52:03 -0700)

Allmand Law Presents Bankruptcy Practice Fundamentals October 29th
Reed Allmand, the managing partner of Allmand Law (http://www.allmandlaw.com) is scheduled to speak at the National Association of Consumer Bankruptcy Attorneys’ (NACBA) October 29, 2011. Allmand will make a presentation, “Fundamentals: Getting the Best Bankruptcy Results for Your Client” at The Broadmoor Resort in Colorado Springs, CO. The class begins at 8:30am and will last for two hours ... (Mon, 03 Oct 2011 08:50:07 -0700)

American Airlines Bats Down Bankruptcy Rumors, Recession Fears Ground Airlines
American Airlines parent AMR found itself the subject of bankruptcy speculation Monday, with some suggesting a prepackaged trip through Chapter 11 could make the carrier more competitive, as airline stocks cratered in the wake of a dismal forecast from an industry report. (Mon, 03 Oct 2011 10:53:40 -0700)

Dodgers Bankruptcy Judge Appoints Mediator to Help Team, League End Fight
The judge overseeing the Los Angeles Dodgers’ bankruptcy appointed a mediator to help the club and Major League Baseball Commissioner Bud Selig try to overcome their months-long battle over the future of the team. (Mon, 03 Oct 2011 15:06:19 -0700)

AMR stock plunges on renewed bankruptcy fears
American Airlines' stock plunged to an eight-year low on fears of a weaker economy — which hurt other airline shares — and speculation that the carrier would seek bankruptcy protection. (Mon, 03 Oct 2011 16:09:26 -0700)

American Airlines stock sinks on bankruptcy fears
Rumors that American Airlines parent AMR Corp will file for bankruptcy protection sent the company's stocks plummeting. (Mon, 03 Oct 2011 22:34:32 -0700)

Wife's credit hurt by hubby's bankruptcy?
Hubby's $60,000 in debt doesn't have to cut off wife's access to student loans. (Tue, 04 Oct 2011 03:00:00 -0700)

Real Mex, NewPage, Dodgers, Lehman, Viceroy: Bankruptcy
(This report contains items about companies both in bankruptcy and not in bankruptcy. Updates Dodgers about mediation; adds Real Mex as first item; Lehman, Viceroy Resorts, and Innkeepers in Updates; Decorator Industries in New Filings; Daily Podcast section; and Corry Communications in Advance Sheets.) (Tue, 04 Oct 2011 07:13:58 -0700)

Bankruptcy fears dog American, stock plummets
American Airlines is back in the news as amid renewed fears about its long-term financial outlook. (Tue, 04 Oct 2011 07:23:00 -0700)

Judge appoints mediator in Dodgers bankruptcy
The judge presiding over the Los Angeles Dodgers bankruptcy case has formally appointed a mediator, who is charged with trying to get the team and Major League Baseball to settle their differences over a reorganization plan for the Dodgers. Joseph Farnan Jr., a retired federal district judge in Delaware, has been working with the two sides since early July at the request of bankruptcy Judge ... (Tue, 04 Oct 2011 08:10:18 -0700)

Bankruptcy judge authorizes Tribune Co. bonuses
A bankruptcy judge in Delaware has authorized Tribune Co. to pay millions of dollars in bonuses to managers. (Tue, 04 Oct 2011 09:56:06 -0700)

Bankruptcy judge authorizes Tribune Co. to pay millions in bonuses to managers
DOVER, Del. — A bankruptcy judge in Delaware has authorized Tribune Co. to pay millions of dollars in bonuses to managers. Tribune says it needs to reward these executives for managing the company amid bankruptcy proceedings, and during a challenging period for media businesses. Tribune sought bankruptcy protection in 2008 after a buyout orchestrated by billionaire developer Sam Zell left it ... (Tue, 04 Oct 2011 10:01:47 -0700)

Indiana casino's owner emerges from bankruptcy
The parent company of Anderson's Hoosier Park horse track and casino has emerged from bankruptcy with about one-third of the debt it had when it filed for protection last year. (Tue, 04 Oct 2011 11:19:43 -0700)

Why American Airlines should consider bankruptcy
It's the only legacy carrier left standing that has managed to avoid a trip to the bankruptcy court in the last decade, but it might want to consider doing so now. (Tue, 04 Oct 2011 13:53:52 -0700)

Friendly Ice Cream Chain Files for Bankruptcy After 76 Years
Friendly Ice Cream Corp., the 76- year-old restaurant chain known for its ice cream and burgers, sought bankruptcy protection from creditors four years after being bought by private-equity firm Sun Capital Partners Inc. (Wed, 05 Oct 2011 06:29:01 -0700)

Friendly, Chef Solutions, WaMu, Madoff, NewPage: Bankruptcy
(This report contains items about companies both in bankruptcy and not in bankruptcy. Updates Borders and adds Friendly Ice Cream as first item; Washington Mutual, Madoff and NewPage in Updates; General Maritime in Watch List; and Liberty Tire and Chukchansi Casino in Downgrades.) (Wed, 05 Oct 2011 07:43:57 -0700)

Friendly's files for Ch. 11 bankruptcy protection
The parent of the Friendly's restaurant chain filed for Chapter 11 bankruptcy protection on Wednesday and said that it has already closed 63 of its stores. Each store employed about 20 people, so about 1,260 jobs were lost. (Wed, 05 Oct 2011 07:58:30 -0700)

Friendly’s files for Ch. 11 bankruptcy protection, closes 63 stores
NEW YORK — The parent of the Friendly’s restaurant chain filed for Chapter 11 bankruptcy protection on Wednesday and said that it has already closed 63 of its stores. Each store employed about 20 people, so about 1,260 jobs were lost. The 76-year-old company known for its ice cream and hamburgers is the latest restaurant chain to file for bankruptcy, as consumers continue to eat out less, a ... (Wed, 05 Oct 2011 07:58:30 -0700)

Bankruptcy judges asking $100 to cover Kagan talk
The national organization of bankruptcy judges says reporters are welcome to cover Supreme Court Justice Elena Kagan's talk at its convention in mid-October, if they pay $100. (Wed, 05 Oct 2011 08:02:35 -0700)

Bankruptcy won’t wipe out Bujak’s debts
Former Canyon County Prosecutor John Bujak’s bankruptcy case will continue, but he will not receive any protection from his estimated $1.3 million in debt, a federal judge ruled Wednesday. (Wed, 05 Oct 2011 22:14:43 -0700)

Following a trend, bankruptcy filings drop
New bankruptcy filings in Western New York last month continued the pace of month-after-month double-digit declines from a year ago, despite an uptick in Chapter 13 cases because of the City of Buffalo’s recent tax foreclosure auction. (Thu, 06 Oct 2011 04:49:18 -0700)

Bankruptcy protection sought for Friendly's chain
Bankruptcy protection would allow 400-restaurant chain to restructure and stay in business. At least three other restaurant chains have filed for bankruptcy protection this year. (Thu, 06 Oct 2011 06:09:50 -0700)

Bankruptcy judges waive fee to cover Kagan talk
Supreme Court Justice Elena Kagan has persuaded the national organization of bankruptcy judges to drop an unusual $100 fee it was planning to charge reporters to cover her talk in mid-October. (Thu, 06 Oct 2011 06:48:56 -0700)

Lehman, Auto Loans, L.A. Dodgers, Madoff, Ambac: Bankruptcy
(This report contains items about companies both in bankruptcy and not in bankruptcy. Adds Open Range and CDC Corp. in New Filings; Dodgers, Madoff, Ambac, Innkeepers, Real Mex, Philadelphia Orchestra and Bear Island in Updates; Hovnanian in Exchange Offer News; SuperMedia in Watch List; Dex One in Downgrade, and Daily Podcast section.) (Thu, 06 Oct 2011 07:59:05 -0700)

Ruling In Texas Rangers Bankruptcy May Hurt MLB In Its Fight With McCourt
The bankruptcy court auction sale of the Texas Rangers in 2010 may come back to hurt Major League Baseball in its attempt to have judge Kevin Gross disqualify Dewey & LeBoeuff LLP and Young Conaway Stargatt & Taylor LLP as the Los Angeles Dodgers attorneys in bankruptcy court, as owner Frank McCourt and Bud Selig continue to battle for control of the team. (Thu, 06 Oct 2011 08:23:02 -0700)

Judge orders broad mediation in WaMu bankruptcy
A Delaware bankruptcy judge on Thursday refused to allow bank holding company Washington Mutual Inc. to proceed with its reorganization efforts without first engaging in mediation with various creditor groups. (Thu, 06 Oct 2011 09:20:01 -0700)

Rothstein bankruptcy lawyers target King
FORT LAUDERDALE, Fla., Oct. 6 (UPI) -- Bankruptcy lawyers say they are seeking $700,000 from fight promoter Don King he received from Ponzi schemer Scott Rothstein to sponsor a Florida boxing match. (Thu, 06 Oct 2011 11:35:52 -0700)

Bankruptcy judge denies Dodgers request for Selig details
(Reuters) - Bankruptcy Judge Kevin Gross denied a request by the Los Angeles Dodgers to expand the team's access to data regarding Major League Baseball Commissioner Bud Selig's handling of other teams. (Fri, 07 Oct 2011 17:42:43 -0700)

Airline bankruptcy rumor? Don't panic
Bankruptcy concerns are swirling around a certain carrier based in Texas. But there's nothing to worry about with an airline like American, Brett Snyder writes. Still, it's good to know how travelers can protect themselves. (Mon, 10 Oct 2011 04:55:26 -0700)

Bankruptcy of Solyndra Negatively Impacts Roxbury
ROXBURY—The high-profile bankruptcy of a federally-supported solar energy company recently sent ripples through this small town, negatively impacting a pending energy reduction plan. (Mon, 10 Oct 2011 05:56:44 -0700)

Bankruptcy & Restructuring Lawyer Geoffrey T. Raicht Joins Proskauer as Partner in New York
Proskauer announced the expansion of its Bankruptcy & Restructuring Group and global Corporate Department with the addition of Geoffrey T. Raicht as a Partner in the New York office. (Mon, 10 Oct 2011 07:00:00 -0700)

New bankruptcy laws come in force
New bankruptcy provisions reducing the period of applying for discharge from bankruptcy from 12 to five years and providing for the automatic discharge of bankruptcy after 12 years have been commenced by the Minister for Justice. (Mon, 10 Oct 2011 09:07:41 -0700)

Insight: New bankruptcy ripples may emerge in tough economy
(Reuters) - Three years after the collapse of Lehman Brothers touched off a tidal wave of bankruptcy filings, corporate failures may be about to pick up again, with some big-name companies among those struggling for survival. (Mon, 10 Oct 2011 14:57:17 -0700)

Regional bankruptcy filings decreased but not an indicator of improving economy, experts say
Regional bankruptcy filings decreased at nearly twice the national rate through the third quarter.New bankruptcy case filings in the 33-county Middle District of Pennsylvania dropped 17 percent for the first nine months of the year, compared to the sam (Mon, 10 Oct 2011 19:27:32 -0700)

New U.S. bankruptcy ripples may emerge in tough economy
REUTERS - Three years after the collapse of Lehman Brothers touched off a tidal wave of bankruptcy filings, corporate failures may be about to pick up again, with some big-name companies among those struggling for survival. (Mon, 10 Oct 2011 22:20:48 -0700)

Homeless woman looks to keep car using bankruptcy
When you are living with your children in a car, the last thing you want is to lose it to the bank. (Tue, 11 Oct 2011 03:00:00 -0700)

Lung Cancer Leads List of Malignancies Linked With Bankruptcy
Lung cancer was associated with the highest risk of personal bankruptcy five years after diagnosis, researchers at Fred Hutchinson Cancer Center found. Smokers are more likely to be on a lower rung of the socioeconomic ladder. (Tue, 11 Oct 2011 07:20:04 -0700)

Corrected: Insight: New bankruptcy ripples may emerge
Three years after the collapse of Lehman Brothers touched off a tidal wave of bankruptcy filings, corporate failures may be about to pick up again, with some big-name companies among those struggling for survival. (Tue, 11 Oct 2011 09:35:58 -0700)

Insight: New bankruptcy ripples may emerge
(Reuters) - Three years after the collapse of Lehman Brothers touched off a tidal wave of bankruptcy filings, corporate failures may be about to pick up again, with some big-name companies among those struggling for survival. (Tue, 11 Oct 2011 09:38:56 -0700)

City of Harrisburg, Pennsylvania, files for bankruptcy
The city council of Harrisburg, Pennsylvania, voted to file for bankruptcy protection Tuesday night. (Wed, 12 Oct 2011 06:50:00 -0700)

Harrisburg files for bankruptcy
The city council of Harrisburg, Pennsylvania, voted to file for bankruptcy protection Tuesday night. (Wed, 12 Oct 2011 07:04:30 -0700)

Solyndra, L.A. Dodgers, WaMu, Sbarro, Madoff: Bankruptcy
(This report contains items about companies both in bankruptcy and not in bankruptcy. Adds Solyndra as first item; Washington Mutual, Sbarro and Taylor Bean in Updates; William Lyon Homes and Kodak in Watch List; and Dune Energy in Prepack or Exchange Offer.) (Wed, 12 Oct 2011 07:45:42 -0700)

Pennsylvania state capital declares bankruptcy
Pennsylvania's state capital Harrisburg has declared bankruptcy, according to a court filing seen on Wednesday, raising the specter of a string of local defaults across the United States. (Wed, 12 Oct 2011 08:15:51 -0700)

Harrisburg files for Chapter 9 bankruptcy
(Reuters) - Pennsylvania's capital, Harrisburg, filed for a rare Chapter 9 municipal bankruptcy on Wednesday after it was unable to resolve its debt crisis with creditors and faced a possible takeover by the state. (Wed, 12 Oct 2011 08:18:19 -0700)

Harrisburg Seeks Bankruptcy
Pennsylvania's financially distressed capital city is seeking Chapter 9 bankruptcy, citing overwhelming debt, but Harrisburg's mayor and top city lawyer said the filing signed by a City Council member was not legal. (Wed, 12 Oct 2011 08:25:02 -0700)

Harrisburg asks bankruptcy for 'overwhelming debt'
Pennsylvania's financially distressed capital city is seeking Chapter 9 bankruptcy, citing overwhelming debt, but Harrisburg's mayor and top city lawyer said the filing signed by a City Council member was not legal. (Wed, 12 Oct 2011 09:09:22 -0700)

Harrisburg seeks bankruptcy, citing ‘overwhelming debt’; petition signed by council member
HARRISBURG, Pa. — Pennsylvania’s financially distressed capital city is seeking Chapter 9 bankruptcy, citing overwhelming debt, but Harrisburg’s mayor and top city lawyer said the filing signed by a City Council member was not legal. The petition docketed by U.S. Middle District bankruptcy court Wednesday listed about $458 million in creditors and claims, and said the city faced “imminent ... (Wed, 12 Oct 2011 09:09:47 -0700)

Harrisburg, Pa., City Council Files for Bankruptcy, But Mayor Says Petition Is Illegal
After the state capital's city council voted 4-3 to file a petition with the federal bankruptcy court, the city's mayor and top lawyer say the council doesn't have the authority to make the filing. (Wed, 12 Oct 2011 09:27:59 -0700)

Harrisburg, Pennsylvania, votes to file for bankruptcy
The city council of Harrisburg, Pennsylvania, voted to file for bankruptcy protection Tuesday night. (Wed, 12 Oct 2011 15:27:00 -0700)

Harrisburg votes to file for bankruptcy
The city council of Harrisburg, Pennsylvania, voted to file for bankruptcy protection Tuesday night. (Wed, 12 Oct 2011 15:27:11 -0700)

Harrisburg, Pennsylvania’s capital, files for bankruptcy
The city of Harrisburg, Pa., filed for bankruptcy protection Wednesday, which supporters characterized as the only alternative to a state takeover that would force the city to use its most lucrative assets to pay off Wall Street creditors. The bankruptcy filing was a hotly contested and emotional issue in Pennsylvania’s capital city. It was strongly opposed by Mayor Linda D. Thompson (D), who ... (Wed, 12 Oct 2011 17:55:58 -0700)

Debt-crippled Pa. capital files for bankruptcy
Pennsylvania's distressed capital city filed for bankruptcy Wednesday, citing "imminent jeopardy" from lawsuits related to a debt-saddled municipal incinerator and setting up a power struggle between the mayor and City Council. (Wed, 12 Oct 2011 20:10:46 -0700)

Debt-crippled Pa. capital city seeks bankruptcy protection; mayor disputes filing
HARRISBURG, Pa. — Pennsylvania’s distressed capital city filed for bankruptcy Wednesday, citing “imminent jeopardy” from lawsuits related to a debt-saddled municipal incinerator and setting up a power struggle between the mayor and City Council. The federal petition for Chapter 9 bankruptcy, being sought to help Harrisburg get out from under crushing debt, listed about $458 million in creditors ... (Wed, 12 Oct 2011 20:11:02 -0700)

Harrisburg, Innkeepers, Madoff, Nebraska Book: Bankruptcy
(This report contains items about companies both in bankruptcy and not in bankruptcy. Updates Harrisburg item; adds Innkeepers, Madoff, MSR Resorts, Philadelphia Orchestra and Dodgers in Updates; Jefferson County in Watch List; and Advance Sheets section.) (Thu, 13 Oct 2011 07:30:29 -0700)

Harrisburg attorney defends bankruptcy filing
NEW YORK (Reuters) - One day after Pennsylvania's state capital filed for bankruptcy, the city lawyer handling the case defended against allegations the move was illegal. (Thu, 13 Oct 2011 12:17:22 -0700)

Judge approves $120M in 'old GM' bankruptcy fees
A federal bankruptcy judge in New York has approved $120 million in legal fees and expenses for lawyers and consultants at "old" General Motors Corp. (Thu, 13 Oct 2011 18:08:03 -0700)

Harrisburg Council Faces Claims They Broke Laws in Filing for Bankruptcy
The Harrisburg city officials who pushed Pennsylvania’s capital city into bankruptcy this week will have to defeat claims they broke local, state and federal laws to keep the case from being dismissed, lawyers said. (Thu, 13 Oct 2011 21:35:44 -0700)

Harrisburg Mayor Seeks Dismissal of Bankruptcy Case
Harrisburg Mayor Linda D. Thompson requested an emergency hearing to seek dismissal of the Pennsylvania capital’s bankruptcy case, saying the filing approved by four city council members was “unauthorized.” (Fri, 14 Oct 2011 07:14:50 -0700)

Harrisburg, Madoff, Ambac, Old GM, Friendly: Bankruptcy
(This report contains items about companies both in bankruptcy and not in bankruptcy. Updates Friendly Ice Cream and adds Harrisburg as first item, Madoff item on Lautenberg appeal, Ambac and Old GM in Updates and sections on Daily Podcast and Advance Sheets.) (Fri, 14 Oct 2011 08:00:03 -0700)

Harrisburg mayor petitions against bankruptcy
(Reuters) - Harrisburg Mayor Linda Thompson fired the first salvo against the city's bankruptcy filing, submitting a court petition late Thursday asking for the filing to be dismissed. (Fri, 14 Oct 2011 09:33:09 -0700)

Harrisburg Mayor, State Seek Dismissal of Bankruptcy Case
Pennsylvania officials joined Harrisburg Mayor Linda D. Thompson in an bid to dismiss a bankruptcy petition filed by the city council, which critics say violates local, state and federal laws. (Fri, 14 Oct 2011 10:21:00 -0700)

State Lawyers, Mayor Oppose Harrisburg Bankruptcy
Pa. state lawyers, mayor file papers opposing bankruptcy petition for cash-strapped Harrisburg (Fri, 14 Oct 2011 12:44:34 -0700)

Pa. lawyers, mayor oppose Harrisburg bankruptcy
Lawyers for the state of Pennsylvania and Harrisburg's mayor have asked a federal judge to throw out the bankruptcy petition for the city filed this week after a divided City Council voted for it. (Fri, 14 Oct 2011 15:23:58 -0700)

The Curious C.D.O. Bankruptcy
Three hedge funds filed an involuntary petition to put the debtor, which happens to be incorporated in the Cayman Islands, into bankruptcy. (Sat, 15 Oct 2011 00:27:50 -0700)

Pennsylvania Has Issues with Harrisburg Bankruptcy Filing
The debt situation facing Pennsylvania's state capital has become so bad that Harrisburg City Council voted to seek the protection of bankruptcy. The mayor of Harrisburg, Linda Thompson, and lawyers for the commonwealth have asked a federal judge to throw out the bankruptcy under the claim that a state law passed earlier this year forbids the process until July 2012. The lawyer appointed by ... (Sat, 15 Oct 2011 17:23:00 -0700)

Harrisburg files for bankruptcy
Pennsylvania's capital filed for bankruptcy, fuelling fears it's the first in a chain of municipal defaults. (Sun, 16 Oct 2011 09:45:44 -0700)

Judge to weigh bankruptcy petition for Pa. capital
A federal judge will hear arguments Monday morning over whether Pennsylvania's cash-strapped capital can move ahead with a bankruptcy petition. (Sun, 16 Oct 2011 13:43:39 -0700)

Judge to weigh Harrisburg bankruptcy case
HARRISBURG, Pa., Oct. 17 (UPI) -- Harrisburg, Pa., is "tainted" and viewed now as "a joke" after a bankruptcy filing the City Council made and the mayor and state were to oppose in court Monday. (Mon, 17 Oct 2011 01:33:44 -0700)

Lehman, Harrisburg, Madoff, Hussey, Graceway: Bankruptcy
(This report contains items about companies both in bankruptcy and not in bankruptcy. Adds Lehman as first item, Madoff-Wilpon and Quincy Medical in Updates, Spanish Peaks and Security National in New Filings, sections on Bank Failures and Podcast and discrimination suit in Advance Sheets.) (Mon, 17 Oct 2011 05:51:21 -0700)

Harrisburg May Have Bankruptcy Dismissed Next Month Amid Legal Challenges
The bankruptcy filing by Harrisburg, Pennsylvania, the first state capital to seek chapter 9 protection in at least 40 years, may not survive past November as the state Senate plans a vote today on a takeover of the city’s finances. (Mon, 17 Oct 2011 07:05:55 -0700)

Harrisburg Judge Sets Hearing on Bankruptcy’s Validity
A judge scheduled a Nov. 23 hearing to determine the validity of Harrisburg, Pennsylvania’s bankruptcy after the city’s mayor said in a court filing that the case is illegal and can’t officially begin. (Mon, 17 Oct 2011 09:14:39 -0700)

Bankruptcy judge delays action on Harrisburg for one month
HARRISBURG -- With the financial battle over bankruptcy in Harrisburg due to continue for at least another month, some creditors and vendors are worried about getting paid, an attorney for the city told U.S. Bankruptcy Judge Mary France today. (Mon, 17 Oct 2011 11:11:09 -0700)

Bankruptcy judge sets arguments for November
Lawyers sparring over whether Pennsylvania's cash-strapped capital can seek bankruptcy protection will lay out their arguments before a federal judge next month. (Mon, 17 Oct 2011 11:43:12 -0700)

Harrisburg Bankruptcy Legality to Be Argued Nov. 23 in Court
Harrisburg, Pennsylvania, might have its bankruptcy dismissed as early as Nov. 23 under a schedule set up by the federal judge overseeing the case, which faces challenges that it violates local, state and federal laws. (Mon, 17 Oct 2011 13:00:15 -0700)

Bankruptcy filings up 7 percent in Utah
Bankruptcy filings up 7 percent in Utah By Steven Oberbeck The Salt Lake Tribune Published Oct 17, 2011 06:43PM MDT Bucking the national trend, Utah bankruptcy filings rose in the first nine months of 2011 as the state continued to be the victim of its own comparative economic success. Nationally, the number of consumers filing for bankruptcy protection declined 10 percent during the first nine ... (Mon, 17 Oct 2011 17:42:28 -0700)

Bankruptcy filings up 7 percent in Utah
Bankruptcy filings up 7 percent in Utah By Steven Oberbeck The Salt Lake Tribune Published Oct 18, 2011 01:46PM MDT Bucking the national trend, Utah bankruptcy filings rose in the first nine months of 2011 as the state continued to be the victim of its own comparative economic success. Nationally, the number of consumers filing for bankruptcy protection declined 10 percent during the first nine ... (Mon, 17 Oct 2011 19:12:15 -0700)

Can 2nd lender foreclose after bankruptcy?
You could be safe from foreclosure if you didn't reaffirm your HELOC in bankruptcy. (Tue, 18 Oct 2011 03:00:00 -0700)

Delaware Status as Bankruptcy Capital May End With Proposed Law
A bipartisan bill sponsored by leaders of the House Judiciary Committee may strip Delaware of its status as the premier venue for U.S. bankruptcy cases, costing the state’s economy an estimated $100 million a year. (Tue, 18 Oct 2011 05:21:17 -0700)

Lehman, Harrisburg, Madoff, Dodgers, Real Mex: Bankruptcy
The bankruptcy judge for Lehman Brothers Holdings Inc. will hold a hearing tomorrow to sort out what the parties meant in a January 2010 court-approved settlement of claims asserted by Lehman affiliate Lehman Brothers Bankhaus AG. The settlement gave Bankhaus a $1.015 billion unsecured claim against Lehman Commercial Paper Inc. and a $1.38 billion unsecured claim against the Lehman holding ... (Tue, 18 Oct 2011 06:50:17 -0700)

Delaware Bankruptcy Capital Status May End With Proposed Law
A bipartisan bill sponsored by leaders of the House Judiciary Committee may strip Delaware of its status as the premier venue for U.S. bankruptcy cases, costing the state’s economy an estimated $100 million a year. (Tue, 18 Oct 2011 09:23:13 -0700)

Can Second Lender Foreclose After Bankruptcy?
You could be safe from foreclosure if you didn't reaffirm your HELOC in bankruptcy. (Tue, 18 Oct 2011 12:41:58 -0700)

Lehman, Harrisburg, Graceway, Stars, Borders: Bankruptcy
Lehman Brothers Holdings Inc. continues to dominate trading in claims of bankrupt companies. (Wed, 19 Oct 2011 06:16:02 -0700)

Deutsche Bank Asks Bankruptcy Judge to Reprice $2.4 Billion Lehman Claim
Deutsche Bank AG (DBK) asked a judge to reprice $2.4 billion in claims on Lehman Brothers Holdings Inc. as a judge said Deutsche Bank was late in protesting claim values. (Wed, 19 Oct 2011 08:53:34 -0700)

Harrisburg goes local in tapping bankruptcy lawyer
(Reuters) - You might think the capital city of a U.S. state would tap a high-powered, national law firm to handle its bankruptcy case. But when Harrisburg, Pennsylvania filed for bankruptcy last week, it hired a one-lawyer, local shop with no bankruptcy experience. (Wed, 19 Oct 2011 11:55:12 -0700)

Bankruptcy looms for Saab as restructuring threatened
Beleaguered Swedish carmaker Saab said on Thursday the administrator of its reorganisation plans to ask the court to halt the process, in a move that could force the company into bankruptcy. (Thu, 20 Oct 2011 08:50:48 -0700)

Bankruptcy looms larger for Saab
Saab says restructuring plans are set to be halted, a move which could force the company into bankruptcy. (Thu, 20 Oct 2011 11:49:42 -0700)

Lehman, SunCal to face off in bankruptcy court
On Monday, Lehman Brothers Holdings Inc. (LEHMQ) and California land developer SunCal Cos. will face off in Orange County, with rival plans to bring about 20 stalled real-estate projects out of bankruptcy. (Fri, 21 Oct 2011 10:41:33 -0700)

AMR shares slump, analyst says bankruptcy likely
Shares of American Airlines parent AMR Corp. fell Friday, and an analyst predicted the company will wind up in bankruptcy unless it gets a break from lenders or more cash. (Fri, 21 Oct 2011 13:55:26 -0700)

Personal bankruptcy offers a couple of options
Stressful economic periods lead to stressful family finances, which in turn can lead to bankruptcy filings. (Fri, 21 Oct 2011 18:45:04 -0700)

AMR bankruptcy warning
American Airlines parent AMR Corp. fell 6.6 percent yesterday, the fourth decline in six trading sessions, after a Morningstar analyst said he concluded that the company “will succumb to bankruptcy.” The shares dropped to $2.69, capping a day in which they rose as much as 2.4 percent... (Fri, 21 Oct 2011 20:27:10 -0700)

Comment on Analyst sees AMR bankruptcy filing
$4.3 billion in the bank and they are going to file for bankruptcy? Ha! I understand his point that their cash balance will dwindle over the next twelve month, but he doesn't take into account that new labor agreements may save the company a lot of money and get it back to profitability. And profitable companies don't file for bankruptcy. (Sat, 22 Oct 2011 12:34:18 -0700)

Lehman, Innkeepers, Madoff, Tribune, Xanadoo: Bankruptcy
Lehman Brothers Holdings Inc. generated $4.4 billion in traded claims during September, partly because “people are now trading on the time value of money,” according to Andrew Gottesman, head of claims trading at SecondMarket Inc. (Mon, 24 Oct 2011 05:38:18 -0700)

Bankruptcy looms larger for Saab
Saab says restructuring plans are set to be halted, a move which could force the company into bankruptcy. (Mon, 24 Oct 2011 09:04:58 -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. (Mon, 24 Oct 2011 11:31:03 -0700)

Lehman, SunCal End CA Bankruptcy Fight
SunCal agreed to support reorganization plans sponsored by the Lehman affiliate that helped finance about 20 developments in California, where the two companies had been partners until the investment firm filed for bankruptcy in 2008, according to court papers filed today. (Mon, 24 Oct 2011 11:52:34 -0700)

Dodgers bankruptcy: Creditors ask judge to deny TV rights sale
The official creditors' committee argued that the prospect of a lawsuit from Fox Sports and opposition from MLB could jeopardize the money available to repay creditors. The official creditors' committee argued that the prospect of a lawsuit from Fox Sports and opposition from MLB could jeopardize the money available to repay creditors. (Mon, 24 Oct 2011 13:23:20 -0700)

Ambac Financial Seeks More Time From Court to Control Its Bankruptcy Case
Ambac Financial Group Inc. (ABKFQ) asked for more time to control its reorganization in bankruptcy, as a financial adviser said the company has enough money to meet its obligations for at least five years. (Mon, 24 Oct 2011 15:08:02 -0700)

Dynegy, creditors discuss unit's bankruptcy-sources
* Dynegy shops unit's prepackaged bankruptcy* Dynegy finds little support for bond swap* Bondholders may use bankruptcy to fight asset shuffleBy Tom Hals and Michael Erman Oct 24 (Reuters) - Debt-laden ... (Mon, 24 Oct 2011 15:48:12 -0700)

TerreStar, Lehman, MSR Resorts, Madoff, A&P: Bankruptcy
TerreStar Networks Inc., having sold the business to Dish Network Corp. for $1.375 billion, said in a court paper that $33 million should be left over for eventual distribution to unsecured creditors, assuming the company is correct with regard to interest owing to secured noteholders. (Tue, 25 Oct 2011 07:14:24 -0700)

LA Dodgers agree to role for fans in bankruptcy
* Fans obtain role in Dodgers bankruptcy* Team says needs more time for media rights auction* MLB continues to insist team must be soldOct 25 (Reuters) - The Los Angeles Dodgers agreed to a rolefor season ... (Tue, 25 Oct 2011 07:38:17 -0700)

Fans have role in Dodgers bankruptcy
The Los Angeles Dodgers agreed to a role for season ticket holders in the baseball team's bankruptcy, which the team said it will take longer to resolve than once thought. (Tue, 25 Oct 2011 09:04:30 -0700)

Ticket holders get role in Dodgers bankruptcy
Season ticket holders on Tuesday were given an official voice in the Los Angeles Dodgers bankruptcy case, winning two seats on the team's creditors committee. (Tue, 25 Oct 2011 13:54:16 -0700)

Choose Bankruptcy for Multiple Forms of Debt?
For debts ranging from back taxes to lawsuits, look at all your options before seeking bankruptcy. (Tue, 25 Oct 2011 13:56:46 -0700)

Ticket holders get say in Dodgers bankruptcy
Los Angeles Dodgers season ticket-holders were given a voice in the club's bankruptcy case on Tuesday when they received two seats on the creditors' committee. (Tue, 25 Oct 2011 16:12:55 -0700)

Dodgers' ticket holders to play role in bankruptcy case
Los Angeles Dodgers season ticket holders are getting seats on the creditors committee in the team's bankruptcy case. (Tue, 25 Oct 2011 17:56:12 -0700)

Lehman nearer bankruptcy exit, creditors sign on
(Reuters) - Lehman Brothers Holdings Inc is moving closer to emerging from its record bankruptcy, and that its Chapter 11 reorganization is now backed by creditors who hold more than $160 billion of claims. (Wed, 26 Oct 2011 08:57:45 -0700)

Key Dodgers bankruptcy hearing postponed one month
The showdown between Frank McCourt and Bud Selig now will start Nov. 29, according to an order issued Wednesday by U.S. Bankruptcy Judge Kevin Gross. (Wed, 26 Oct 2011 09:38:21 -0700)

Could Dodgers bankruptcy hearing delay lead to settlement?
U.S. Bankruptcy Judge Kevin Gross effectively has provided another month for Dodgers owner Frank McCourt and Commissioner Bud Selig to reach a settlement. (Wed, 26 Oct 2011 11:08:01 -0700)

Harrisburg Incinerator Operator Files Objection Over City’s Bankruptcy
Covanta Harrisburg Inc., the operator of the waste-to-energy plant blamed for the bankruptcy of Pennsylvania’s capital city, asked a judge to throw out the case, the first of several objections due this week. (Wed, 26 Oct 2011 12:53:20 -0700)

LA Dodgers four-day bankruptcy hearing postponed
(Reuters) - The judge overseeing the Los Angeles Dodgers bankruptcy postponed four days of hearings that would have helped determine if the team remained under the control of owner Frank McCourt. (Wed, 26 Oct 2011 13:00:38 -0700)

Lehman, Dodgers, Madoff, Dallas Stars, AmTrust: Bankruptcy
The settlement that Lehman Brothers Holdings Inc. worked out with the U.K. bankruptcy administrators for Lehman Brothers International (Europe) calls for LBIE to have a $1 billion claim against the Lehman holding company, according the settlement agreement filed in U.S. Bankruptcy Court in New York on Oct. 25. (Thu, 27 Oct 2011 06:30:19 -0700)

Lehman Argues Bankruptcy Judge Must Keep $8.6 Billion JPMorgan Lawsuit
Lehman Brothers Holdings Inc. said a bankruptcy judge must handle its $8.6 billion lawsuit against JPMorgan Chase & Co. (JPM) because the case involves “classic” bankruptcy claims and related common-law claims that don’t require a higher-court ruling. (Thu, 27 Oct 2011 06:50:44 -0700)

Harrisburg Bankruptcy a Blight on Pennsylvania
COMMENTARY | Earlier this month, the city council of Harrisburg, Pa., voted 4-3 to file a petition for Chapter 9 bankruptcy in U.S. bankruptcy court as the city faces a debt five times greater than its general fund budget. (Thu, 27 Oct 2011 08:46:00 -0700)

Harrisburg Judge Sets Hearing on Routine Bills in Bankruptcy Case
An emergency hearing in the Harrisburg, Pennsylvania, bankruptcy case was scheduled to consider payments to city vendors after Mayor Linda Thompson said suppliers wanted court approval of their bills. (Thu, 27 Oct 2011 12:22:47 -0700)

Federal bankruptcy judge approves Philadelphia Orchestra, musicians 4-year labor agreement
PHILADELPHIA — A federal bankruptcy judge has approved a new collective bargaining agreement between the financially troubled Philadelphia Orchestra and its musicians union. The four-year contract, ratified about two weeks ago by players and the Philadelphia Orchestra Association board, takes effect Nov. 1. Read full article >> (Thu, 27 Oct 2011 14:28:52 -0700)

Commonwealth, Innkeepers USA, Lehman, Madoff: Bankruptcy
Nine funds advised by Commonwealth Advisors Inc. of Baton Rouge, Louisiana, sought Chapter 11 protection on Oct. 25 after failing to work out a reorganization plan acceptable to all investors. (Fri, 28 Oct 2011 05:44:19 -0700)

Saab escapes bankruptcy as Chinese firms take over
Beleaguered Saab appears to once again have narrowly avoided bankruptcy, announcing on Friday that two Chinese companies will buy it for 100 million euros ($142 million), making it the second Swedish carmaker after Volvo to take the road to China. (Fri, 28 Oct 2011 06:30:36 -0700)

Saab escapes bankruptcy as Chinese firms take over
Beleaguered Saab appears to once again have narrowly avoided bankruptcy, announcing on Friday that two Chinese companies will buy it for 100 million euros ($142 million), making it the second Swedish carmaker after Volvo to take the road to China. (Fri, 28 Oct 2011 08:21:14 -0700)

Harrisburg Bond Insurer Ambac Files Court Objection to City’s Bankruptcy
Ambac Assurance Corp., the insurer of Harrisburg, Pennsylvania’s general obligation bonds, asked a judge to throw out the city’s bankruptcy today, the deadline for filing objections. (Fri, 28 Oct 2011 11:20:53 -0700)

Harrisburg Bond Insurer Ambac Files Objection to Bankruptcy
Ambac Assurance Corp., the insurer of Harrisburg, Pennsylvania’s general obligation bonds, asked a judge to throw out the city’s bankruptcy today, the deadline for filing objections. (Fri, 28 Oct 2011 12:16:55 -0700)

Harrisburg Bankruptcy Opponents File Objections to End Case
Ambac Assurance Corp., the insurer of Harrisburg, Pennsylvania’s general obligation bonds, asked a judge to throw out the city’s bankruptcy, joining the mayor, city unions and state officials in opposing the case. (Fri, 28 Oct 2011 13:14:34 -0700)

Saab escapes bankruptcy again
Saab has avoided bankruptcy, announcing two Chinese companies will buy it for 100 million euros ($A132.8m). (Fri, 28 Oct 2011 17:18:43 -0700)

Corzine’s MF Global files for bankruptcy
Besieged broker MF Global filed bankruptcy today after a frantic effort over the weekend by CEO Jon Corzine to strike an out-of-bankruptcy sale came up short. MF Global had a tentative deal to sell assets to Interactive Brokers Group as of late Sunday, but the agreement fell apart as talks... (Mon, 31 Oct 2011 04:46:42 -0700)

BANKRUPTCY ON WALL ST.
MF Global, a trader in commodities and derivatives, filed for bankruptcy protection Monday, according to a court document. (Mon, 31 Oct 2011 05:17:48 -0700)

NewPage, Vitro SAB, Madoff, Lehman, Inspirada: Bankruptcy
(This report contains items about companies both in bankruptcy and not in bankruptcy. Adds Madoff, Lehman and Point Blank in Updates; MF Global and River Road Casino in Watch List; and sections on Bank Failure and Advance Sheets.) (Mon, 31 Oct 2011 06:35:09 -0700)

Corzine-Led MF Global Files For Bankruptcy
MF Global Holdings Ltd., the securities firm run by former New Jersey Governor and Goldman Sachs head Jon Corzine, is seeking bankruptcy protection one week after reporting its biggest-ever quarterly loss. (Mon, 31 Oct 2011 07:29:24 -0700)

Corzine’s MF Global files for bankruptcy
Besieged broker MF Global filed bankruptcy today after a frantic effort over the weekend by CEO John Corzine to strike an out-of-bankruptcy came up short. (Mon, 31 Oct 2011 07:38:40 -0700)

MF Global files for bankruptcy
MF Global filed for bankruptcy on Monday morning, after the Federal Reserve Bank of New York as well as the major exchanges suspended dealings with the broker-dealer led by Jon Corzine. (Mon, 31 Oct 2011 07:43:06 -0700)

MF Global Files For Bankruptcy As Corzine's Grand Plan Fails
Brokerage firm MF Global Holdings filed for Chapter 11 bankruptcy protection Monday morning with total assets of just over $41 billion against liabilities of almost $39.7 billion. (Mon, 31 Oct 2011 08:06:37 -0700)

MF Global files for bankruptcy after deal unravels
NEW YORK (Reuters) - MF Global Holdings Ltd, the futures broker run by former Goldman Sachs chief Jon Corzine, has filed for Chapter 11 bankruptcy after a tentative deal with a buyer fell apart. (Mon, 31 Oct 2011 08:37:52 -0700)

MF Global files for bankruptcy protection
MF Global, a trader in commodities and derivatives, filed for bankruptcy protection Monday, according to a court document. (Mon, 31 Oct 2011 08:52:49 -0700)

MF Global Files for Bankruptcy; Shares Remain Halted
MF Global Holdings filed for Chapter 11 bankruptcy protection in New York on Monday morning after an effort to sell itself to Interactive Brokers Group failed. (Mon, 31 Oct 2011 09:37:41 -0700)

MF Global Bankruptcy's Biggest Losers
MF Global's biggest shareholders include Fidelity and Dimensional Fund Advisors. (Mon, 31 Oct 2011 09:55:34 -0700)

Bankruptcy casts doubt on Corzine's severance deal
* $9 mln severance deal built into Corzine's contract* MF Global would owe $27 mln severance to 3 insiders* Bankruptcy rules could block those paymentsBy Nick BrownOct 31 (Reuters) - If MF GLobal Holdings ... (Mon, 31 Oct 2011 16:06:58 -0700)

MF Global Bankruptcy Leaves Star Bankers Adrift as Industry Cuts
MF Global Holdings Ltd.’s bankruptcy filing is throwing into question the futures of some of Wall Street’s most experienced bankers. (Mon, 31 Oct 2011 17:20:49 -0700)

Judge rejects both Tribune bankruptcy exit plans
The judge in Tribune Co.'s bankruptcy case rejected two competing plans for reorganizing the company, leaving the Chapter 11 proceeding unresolved after nearly three contentious years in court. (Mon, 31 Oct 2011 17:34:40 -0700)

Bankruptcy judge rejects competing reorganization plans in Tribune Co. case
WILMINGTON, Del. — A federal judge on Monday rejected Tribune Co.’s plan to emerge from bankruptcy protection, along with a rival plan from dissident creditors. Judge Kevin Carey said in a 126-page ruling that he may appoint a trustee to help end the 3-year-old case if the media conglomerate cannot come up with an acceptable plan soon. Read full article >> (Mon, 31 Oct 2011 18:21:48 -0700)

Judge rejects both Tribune bankruptcy exit plans
The judge in Tribune Co.'s bankruptcy case rejected two competing plans for reorganizing the company, leaving the Chapter 11 proceeding unresolved after nearly three contentious years in court. (Mon, 31 Oct 2011 19:15:06 -0700)

UPDATE 2-Judge rejects Tribune Co's plan to exit bankruptcy
* Both plans to end bankruptcy rejected by judge* Judge says company's settlement should be approved* Judge says he is uncertain what comes next* Says may appoint a trusteeBy Tom HalsOct 31 (Reuters) ... (Mon, 31 Oct 2011 20:51:10 -0700)


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