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Home > Bankruptcy News

Bankruptcy News Nov 2011

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Judge rejects Tribune Co's plan to exit bankruptcy
(Reuters) - Tribune Co, the owner of the Los Angeles Times and Chicago Tribune newspapers, suffered a legal defeat on Monday after a judge late Monday rejected its plan to end its three-year stay in bankruptcy. (Tue, 01 Nov 2011 07:47:39 -0700)

MF Global The Biggest Bankruptcy Of 2011, By A Mile
Monday's bankruptcy filing from brokerage firm MF Global did not come as a complete shock -- the firm was scrambling to find a buyer over the weekend -- but it does stand as the largest bankruptcy (by assets) of a public company this year, and by a huge margin. (Tue, 01 Nov 2011 08:51:42 -0700)

The biggest losers in MF Global's bankruptcy
FORTUNE -- MF Global's bankruptcy may be the biggest failure of a U.S. financial firm since the collapse of Lehman Brothers in 2008, but its demise has not been nearly as catastrophic on financial markets -- at least not yet. (Tue, 01 Nov 2011 11:00:23 -0700)

MF Global The Biggest Bankruptcy Of 2011, By A Mile
Brokerage firm's $41B bankruptcy is bigger than the rest of 2011's top 20, combined. (Tue, 01 Nov 2011 19:58:58 -0700)

Syms, Filene’s Basement Seek to Liquidate in Bankruptcy
Syms Corp. and its Filene’s Basement LLC affiliate filed for bankruptcy in Delaware, the third time Filene’s, the century-old clothing chain, has sought protection from creditors. (Wed, 02 Nov 2011 06:38:10 -0700)

MF Global Broker-Dealer Case Assigned to Bankruptcy Judge, Docket Opened
MF Global Inc.’s case docket was opened in bankruptcy court after being transferred from U.S. district court, where the Securities Investor Protection Corp. sued the company, run by former Goldman Sachs Group Inc. (GS) executive Jon Corzine , to put it in liquidation to protect investors. (Wed, 02 Nov 2011 07:07:34 -0700)

Syms and Filene's unit seek bankruptcy protection
Discount retailer Syms Corp. and its subsidiary Filene's Basement have filed for Chapter 11 bankruptcy protection and plan to liquidate their operations. (Wed, 02 Nov 2011 07:28:43 -0700)

Can You Apply for Credit After Chapter 13 Bankruptcy?
When you have filed for bankruptcy, can you also apply for a credit card? (Wed, 02 Nov 2011 07:33:45 -0700)

Syms, Filene's unit file for bankruptcy
Discount retailer Syms Corp. and its subsidiary Filene's Basement have filed for bankruptcy protection and plan to liquidate their operations. (Wed, 02 Nov 2011 12:38:49 -0700)

Syms and its Filene’s Basement unit seek bankruptcy protection, closing 46 stores
NEW YORK — Discount retailer Syms Corp. and its subsidiary Filene’s Basement have filed for bankruptcy protection and plan to close all 46 of their stores. Syms acquired Filene’s Basement out of bankruptcy protection in the spring of 2009 for $62.4 million, but struggled to turn the chain around. This is the third bankruptcy protection involving the Filene’s Basement chain. Read full article >> (Wed, 02 Nov 2011 13:56:15 -0700)

Judge hears motions in Beacon Power bankruptcy
A Massachusetts company that received a $39 million loan from the Department of Energy before declaring bankruptcy won interim approval Wednesday from a Delaware judge to use cash collateral for the loan to help pay operating expenses during its reorganization. (Wed, 02 Nov 2011 18:25:32 -0700)

Phoenix-area bankruptcy filings drop
An odd economic trend remained in force last month as metro Phoenix bankruptcies continued to moderate despite few signs of improvement in the economy. (Wed, 02 Nov 2011 18:31:32 -0700)

Phoenix-area bankruptcy filings drop
An odd economic trend remained in force last month as metro Phoenix bankruptcies continued to moderate despite few signs of improvement in the economy. (Wed, 02 Nov 2011 21:45:21 -0700)

Vallejo out of bankruptcy
Vallejo is no longer in bankruptcy, three months after a federal judge approved the city's exit strategy and nearly three and a half years after the initial filing. (Thu, 03 Nov 2011 01:33:54 -0700)

Bankruptcy: Why did MF Global transfer millions?
Bankruptcy looming, MF Global transferred millions of dollars in client accounts, a regulator says. Was it trying to avoid bankruptcy? (Thu, 03 Nov 2011 06:36:55 -0700)

Personal Bankruptcy Canada, Inc. Offers Bankruptcy Trustee Sponsorships On National Canadian Bankruptcy Network
Personal Bankruptcy Canada, Inc., a Calgary based company, has recently expanded by offering bankruptcy trustee sponsorships across the nation. Bankruptcy trustees in British Columbia, Ontario, Prince Edward Island, Nova Scotia, New Brunswick and Newfoundland have all joined to become part of one of the fastest growing bankruptcy trustee networks in the country.Calgary, Alberta (PRWEB) November ... (Thu, 03 Nov 2011 14:02:17 -0700)

Photowatt France Engages Works Council Regarding Bankruptcy Proceedings
Photowatt France Engages Works Council Regarding Bankruptcy Proceedings (Fri, 04 Nov 2011 05:48:00 -0700)

Dippin’ Dots, Flash-Frozen Ice Cream Maker, Seeks Bankruptcy Protection
Dippin’ Dots Inc., a maker of ice cream using liquid nitrogen, filed for bankruptcy protection from its creditors. (Fri, 04 Nov 2011 11:07:32 -0700)

Factbox: Jon Corzine and the MF Global Bankruptcy
The higher you go, the farther you fall. The old saw comes to mind with the breaking news of the bankruptcy of MF Global and the resignation of MF Global CEO Jon Corzine. Corzine was a top player in prestigious investment firm Goldman-Sachs before becoming a New Jersey Congressman and later governor of New Jersey. (Fri, 04 Nov 2011 12:21:00 -0700)

Ice cream maker Dippin' Dots files for bankruptcy
Once the self-proclaimed "Ice Cream of the Future," Dippin' Dots is seeking federal bankruptcy protection, a move the company said is aimed at staving off foreclosure on more than $11 million in loans. (Fri, 04 Nov 2011 13:31:54 -0700)

MF Global seen struggling to secure bankruptcy loan
* Without a loan a fire sale looks likely* MF Global currently operating on $8 mln cash* Negotiating with lenders for bankruptcy loan - lawyerBy Nick BrownNEW YORK, Nov 4 (Reuters) - MF Global faces atough ... (Fri, 04 Nov 2011 15:56:17 -0700)

Dippin' Dots files for bankruptcy
The ice cream company files for Chapter 11 bankruptcy protection. Dippin' Dots owes nearly $11 million to Regions Bank, according to court documents. The ice cream of the future may not get there — at least not without some restructuring. (Fri, 04 Nov 2011 15:57:59 -0700)

Iowa farmers feel ripples of MF Global bankruptcy
(Reuters) - MF Global Holdings Ltd's bankruptcy has sent shockwaves through a little Iowa town, where a local broker said he has had to guarantee more than $1 million in funds from farmers he placed at the futures brokerage. (Fri, 04 Nov 2011 16:47:54 -0700)

Iowa farmers feel ripples of MF Global bankruptcy
(Reuters) - MF Global Holdings Ltd's bankruptcy has sent shockwaves through a little Iowa town, where a local broker said he felt a moral obligation to guarantee more than $1 million in funds he placed for farmers at the futures brokerage. (Fri, 04 Nov 2011 18:09:17 -0700)

Dippin' Dots – 'future' of ice cream – files for bankruptcy
Dippin' Dots, the Kentucky-based novelty ice cream chain, billed itself as 'ice cream of the future.' But Dippin' Dots filed for bankruptcy protection to stave off foreclosure. (Fri, 04 Nov 2011 20:51:44 -0700)

CIT Shares Rally as Company Seeks to Avoid Bankruptcy
CIT Group may not declare bankruptcy after all. Reports say that the beleaguered lender may receive as much as $3 billion from Goldman Sachs and JPMorgan Chase, while bondholders are said to be considering a debt-for-equity exchange, a deal that could relieve CIT's cash crunch. These rumors pushed shares of the teetering financing company up over 70% today. Still, the rally has not done much to ... (Sat, 05 Nov 2011 06:44:39 -0700)

In Bankruptcy Era, Solar Innovation Goes on Auction
NEW YORK (TheStreet) -- Ross Dove's family has been in the business of finding a home for bankrupt companies dating back to the Great Depression. In fact, it was the bankruptcy of a car dealership owned by Dove's grandfather that led the family into the auction business in the first place. Dove's grandfather owned an Auburn Cord (an early competitor to GM and Ford) car dealership, and when ... (Sat, 05 Nov 2011 08:40:23 -0700)

Tucker: Involuntary Bankruptcy Just Not That Difficult For Creditors
In re Tucker, 2011 WL 5192801 (N.D.W.Va., Slip Copy, Oct. 31, 2011). Tucker operated a video lottery business and himself organized as an entity Creditor #1, which he later put into Chapter 11 bankruptcy. Another company took it over in the bankruptcy, and formed as an entity Creditor #2 as a special purpose vehicle to ... (Sat, 05 Nov 2011 22:05:09 -0700)

Bankruptcy in Greece risks destabilizing global financial system
A possible bankruptcy in Athens has not been taken off the table despite the razor thin margin by which Greek PM Papandreou won the vote of confidence. But what would actually happen if Greece did go bankrupt? (Sun, 06 Nov 2011 00:41:51 -0700)

MF Global Files Bankruptcy as Broker-Dealer Unit Liquidates
MF Global Holdings Ltd., the holding company for the broker-dealer run by ex-Goldman Sachs Group Inc. co-chairman Jon Corzine, filed for bankruptcy protection as it seeks to reorganize after making bets on European sovereign debt. Its broker-dealer unit, MF Global Inc., faces liquidation. (Mon, 07 Nov 2011 07:41:03 -0800)

Bankruptcy Trustee Wants Offer for 3 Bankrupt Mocksville Tobacco Companies Dismissed
The bankruptcy trustee for three bankrupt Mocksville tobacco companies said in a legal filing Tuesday that he wants CB Holdings LLC's purchase offer for the companies to be dismissed. (Mon, 07 Nov 2011 08:07:50 -0800)

Washington Mututal Judge Extends Mediation on Bankruptcy Exit Two Weeks
Washington Mutual Inc. (WAMUQ) ’s bankruptcy judge ordered creditors and shareholders to remain in mediation for the next two weeks to try to resolve disputes that have kept the former bank holding company from exiting bankruptcy. (Mon, 07 Nov 2011 09:20:44 -0800)

Scandal-racked retailer La Polar avoids bankruptcy
* Creditors OK debt restructuring, averting bankruptcy* About $900 mln in debt will be repackaged* Company says has lost $1.25 bln in 1st 7 mths of yrBy Felipe IturrietaSANTIAGO, Nov 7 (Reuters) - Creditors ... (Mon, 07 Nov 2011 09:22:31 -0800)

Reports: Dynegy unit preps for Ch. 11 bankruptcy
A subsidiary of Houston-based power company Dynegy Inc. is preparing to file for Chapter 11 bankruptcy protection as early as Monday evening, according to published reports. (Mon, 07 Nov 2011 15:08:27 -0800)

UPDATE 3-Dynegy Holdings files for Chapter 11 bankruptcy
NEW YORK, Nov 7 (Reuters) - Dynegy Holdings, a unit ofenergy producer Dynegy Inc , filed for Chapter 11bankruptcy on Monday, according to court documents.Dynegy Inc, whose shareholders include billionaire ... (Mon, 07 Nov 2011 20:04:18 -0800)

Bankruptcy Judge Bypasses DOMA
Deciding that serving the aims of bankruptcy law was more important than applying the potentially unconstitutional Defense of Marriage Act (DOMA), US Bankruptcy Judge Cecelia G. Morris rejected the United States Trustee’s motion to dismiss a joint bankruptcy filing by a New York lesbian couple who married in Vermont shortly before filing their petition. (Mon, 07 Nov 2011 21:32:35 -0800)

Dynegy subsidiaries put into bankruptcy protection
Dynegy, the US-based electricity company, has filed for Chapter 11 bankruptcy protection for some of its subsidiaries as part of a proposed debt restructuring agreement. (Mon, 07 Nov 2011 22:36:52 -0800)

Dynegy subsidiary files for bankruptcy protection
Dynegy Inc. said Tuesday that one of its subsidiaries is seeking bankruptcy protection as part of a plan that will force bondholders to take heavy losses while shielding major investors including billionaire Carl Icahn. (Tue, 08 Nov 2011 05:43:56 -0800)

DealBook: What's Behind Dynegy's Unusual Bankruptcy
The energy company's corporate structure means the parent company could benefit from the bankruptcy of its own subsidiary. (Tue, 08 Nov 2011 06:19:49 -0800)

Alabama's Jefferson County again eyes bankruptcy filing
By Melinda DickinsonBIRMINGHAM, Ala., Nov 8 (Reuters) - Local legislators inAlabama's Jefferson County are meeting on Tuesday to consider-- again -- possibly filing for what would be America's ... (Tue, 08 Nov 2011 08:29:00 -0800)

Bankruptcy Bonuses? MF Global Rewards Staff Just Before Bankruptcy
MF Global reportedly gave its UK staff bonuses just hours before the firm went under. (Tue, 08 Nov 2011 08:47:03 -0800)

UPDATE 1-Dynegy shares jump as bankruptcy losses limited
* Legal questions likely to be part of bankruptcy case* Bondholders, PSEG have filed suits in recent monthsBy Caroline Humer Nov 8 (Reuters) - Shares of energy producer Dynegy Inc rose almost 28 percent ... (Tue, 08 Nov 2011 10:56:56 -0800)

Dynegy shares jump as bankruptcy losses limited
By Caroline Humer (Reuters) - Shares of energy producer Dynegy Inc(DYN.N: Quote , Profile , Research , Stock Buzz ) rose almost 28 percent on Tuesday after it engineered an unusual bankruptcy filing that ... (Tue, 08 Nov 2011 10:59:23 -0800)

Risks of Including Car Loan in Bankruptcy
Reaffirming a car loan in bankruptcy can have negative consequences if you aren't careful. (Tue, 08 Nov 2011 12:28:27 -0800)

MF Global bankruptcy snags CBOT grain deliveries
* Warehouse certificates frozen at MF Global* Traders unable to deliver rice against futures* Rice, soyoil, soybeans and oats involvedBy Sam Nelson CHICAGO, Nov 8 (Reuters) - The fallout from MF Global'sbankruptcy ... (Tue, 08 Nov 2011 12:42:17 -0800)

Bankruptcy Lawyers at Macey Bankruptcy Law Recognized as "2011 Best Attorney"
CHICAGO, IL-- - It's that time of year again when The Pitch, Kansas City's most popular newspaper, publishes its annual "The Best of KC" special edition. With reviews on the best of the best, ... (Tue, 08 Nov 2011 15:10:00 -0800)

Bankruptcy filings continue to go down
Bankruptcy filings in Western New York continued to decline by more than 20 percent in October, as tightened credit, the cost of filing and fewer foreclosures kept debtors out of court. (Wed, 09 Nov 2011 03:09:08 -0800)

Jefferson County files for bankruptcy
Jefferson County, Alabama, has filed for bankruptcy in the largest such municipal filing in US history. (Wed, 09 Nov 2011 17:01:50 -0800)

Bankruptcy Rarely Offers Easy Answer for Counties
A string of municipal bankruptcy filings by distressed counties points to few choices for dealing with huge financial problems. (Wed, 09 Nov 2011 19:14:06 -0800)

First Person: Can Bankruptcy Actually Improve Your Credit Score?
*Note: This was written by a Yahoo! contributor. Do you have a personal finance story that you'd like to share? Sign up with the Yahoo! Contributor Network to start publishing your own finance articles. ... (Wed, 09 Nov 2011 23:51:19 -0800)

First Person: The Bankruptcy Code, Condominiums and Homeowner's Associations
*Note: This was written by a Yahoo! contributor. Do you have a personal finance story that you'd like to share? Sign up with the Yahoo! Contributor Network to start publishing your own finance articles. ... (Thu, 10 Nov 2011 00:30:08 -0800)

AL county files for largest municipal bankruptcy
Alabama's most populous county chose bankruptcy as a path to wrest control of its beleaguered sewer system from a court-appointed receiver, bolster its pleas for legislative action to prop up a massive revenue shortfall and wipe away as much of its whopping $4.15 billion in debt as possible. (Thu, 10 Nov 2011 04:01:58 -0800)

Bankruptcy Rarely Offers Easy Answer for Counties
A string of municipal bankruptcy filings by distressed counties points to few choices for dealing with huge financial problems. (Thu, 10 Nov 2011 05:22:21 -0800)

Alabama county files biggest municipal bankruptcy
BIRMINGHAM, Alabama (Reuters) - Alabama's Jefferson County filed for bankruptcy court protection on Wednesday in the biggest municipal bankruptcy in U.S. history. (Thu, 10 Nov 2011 06:52:05 -0800)

Huge bankruptcy filing means pain for Alabama
ATLANTA (Reuters) - The decision by Alabama's biggest county to file for the largest municipal bankruptcy in U.S. history comes as a shock and represents a sharp economic setback for the state. (Thu, 10 Nov 2011 06:54:28 -0800)

Jefferson County’s Bankruptcy Having Little Impact on Municipal Market
The bankruptcy of Jefferson County, Alabama, the largest-ever U.S. municipal failure, had little impact on the $2.9 trillion tax-exempt bond market today because it was isolated and expected, traders and analysts said. (Thu, 10 Nov 2011 08:07:44 -0800)

Jefferson County Bankruptcy Hearing Begins as Judge Sets Eligibility Date
The first-day bankruptcy hearing for Jefferson County, Alabama, which sought protection from its creditors yesterday in the biggest municipal filing in U.S. history, began in U.S. Bankruptcy Court in Birmingham. (Thu, 10 Nov 2011 08:50:56 -0800)

Alabama County Files Largest Municipal Bankruptcy In U.S. History
The costs associated with a sewer system project spiraled out of control resulting in a $4 billion bankruptcy for Jefferson County. (Thu, 10 Nov 2011 09:53:29 -0800)

Ala. county files for largest municipal bankruptcy
Alabama's most populous county filed what became the largest municipal bankruptcy in U.S. history in an effort to retake control of its beleaguered sewer system and wipe away as much of its whopping $4.15 billion in debt as possible. (Thu, 10 Nov 2011 09:58:25 -0800)

Alabama County Bankruptcy No National Bellwether
Bankruptcy is no laughing matter and it gets a whole lot more serious when it comes to entire cities or counties admitting they don't have the funds to pay their bills. (Thu, 10 Nov 2011 10:57:39 -0800)

Biggest civic bankruptcy sews uncertainty in Ala.
The biggest civic bankruptcy in American history could leave residents of Alabama's most populous county paying astronomical rates for public services performed by a skeleton crew of county workers. Or it could simply mean tightening the belt another few notches, depending how much of Jefferson County's $4.15 billion debt will have to be paid. (Thu, 10 Nov 2011 14:54:35 -0800)

Biggest civic bankruptcy sows uncertainty in Ala.
The biggest civic bankruptcy in American history could leave residents of Alabama's most populous county paying astronomical rates for public services performed by a skeleton crew of county workers. Or it could simply mean tightening the belt another few notches, depending how much of Jefferson County's $4.15 billion debt will have to be paid. (Thu, 10 Nov 2011 15:26:02 -0800)

Analysis: Alabama bankruptcy unlikely to spawn other filings
(Reuters) - Despite recent bankruptcy filings by Alabama's Jefferson County and Pennsylvania's Harrisburg, heading to court for debt relief is expected to remain a last resort for financially stressed local governments. (Thu, 10 Nov 2011 16:13:27 -0800)

Wide blame for biggest municipal bankruptcy
BIRMINGHAM, Alabama (Reuters) - From corrupt and incompetent local officials to Wall Street's credit crisis and toxic bonds, there was plenty of blame to go around on Thursday, a day after Alabama's Jefferson County declared the biggest municipal bankruptcy in U.S. history. (Fri, 11 Nov 2011 08:07:57 -0800)

Jefferson County Alabama Files Biggest Municipal Bankruptcy
Jefferson County, Alabama, filed the biggest U.S. municipal bankruptcy after an agreement among elected officials and investors to refinance $3.1 billion in sewer bonds fell apart. (Fri, 11 Nov 2011 09:02:55 -0800)

Irish Real Estate Tycoon Declares Bankruptcy in Belfast
By declaring bankruptcy in Northern Ireland, which is part of Britain, Mr. Quinn will only have to wait a year before he can start another business. (Fri, 11 Nov 2011 10:55:31 -0800)

Irish Real Estate Tycoon Declares Bankruptcy in Belfast
By declaring bankruptcy in Northern Ireland, which is part of Britain, Sean Quinn will only have to wait a year before he can start another business. (Fri, 11 Nov 2011 11:20:30 -0800)

Former Billionaire Declares Personal Bankruptcy
Unable to pay his hefty debts, Ireland's Sean Quinn filed for bankruptcy in Belfast earlier today. (Fri, 11 Nov 2011 11:22:39 -0800)

Municipal bankruptcy in Alabama: Will other local governments follow suit?
Cash-strapped local governments across the US are closely watching the $4 billion, Chapter 9 bankruptcy filed this week by Jefferson County, Ala. – the largest municipal bankruptcy in American history. (Fri, 11 Nov 2011 11:33:00 -0800)

Municipal bankruptcy in Alabama: Will other local governments follow suit?
Municipal bankruptcy in Jefferson County, Ala., was filed this week and is the largest in US history. Other cash-strapped local governments are watching the case closely. (Fri, 11 Nov 2011 11:43:36 -0800)

The Topsy-Turvy Dynegy Bankruptcy
The Dynegy case is certain to test whether Chapter 11 bankruptcy proceedings can hold up to hard-ball modern finance. (Sat, 12 Nov 2011 08:16:15 -0800)

Former Billionaire Declares Personal Bankruptcy
Unable to pay his hefty debts, Ireland's Sean Quinn filed for bankruptcy in Belfast earlier today. (Sun, 13 Nov 2011 18:15:56 -0800)

Even in Bankruptcy, Dodgers Can Make Big Offer to Kemp
Under bankruptcy law, the Dodgers can sign outfielder Matt Kemp to a $160 million deal without the approval of the court or Major League Baseball. (Sun, 13 Nov 2011 18:51:24 -0800)

Jefferson County Bankruptcy a Blow to Long-Suffering Birmingham
Birmingham, Alabama, the most prominent industrial center in the Southeast before the civil- rights era, has been on a long losing streak that just got longer. (Sun, 13 Nov 2011 21:39:30 -0800)

Alabama county girds for fallout of bankruptcy
The biggest civic bankruptcy in American history could leave residents of Alabama's most populous county paying astronomical rates for public services performed by a skeleton crew of county workers. (Sun, 13 Nov 2011 22:14:23 -0800)

A&P Files Bankruptcy-Exit Plan Based on Yucaipa, Goldman Sachs Financing
Great Atlantic & Pacific Tea Co. (GAPTQ) , the supermarket company in bankruptcy, proposed a restructuring plan based on financing from an investor group that includes Ron Burkle’s Yucaipa Cos. (Mon, 14 Nov 2011 12:52:44 -0800)

A&P Files Bankruptcy-Exit Plan Based on Yucaipa Financing
Great Atlantic & Pacific Tea Co., the supermarket company in bankruptcy, proposed a restructuring plan based on financing from an investor group that includes Ron Burkle’s Yucaipa Cos. (Mon, 14 Nov 2011 13:22:39 -0800)

Bankruptcy in Alabama Is Muni Tale Signifying Little: Joe Mysak
The big surprise isn’t that Jefferson County, Alabama, filed for bankruptcy protection from creditors, but that the county was able to stave off the inevitable for so long. (Mon, 14 Nov 2011 16:22:44 -0800)

Crystal Cathedral in Bankruptcy Bidding War
SANTA ANA, Calif. – A federal bankruptcy court hearing aimed at settling the future of the financially ailing Crystal Cathedral turned into a bidding match Monday with a university and the Roman Catholic Diocese of Orange competing to buy the church's sprawling grounds. (Mon, 14 Nov 2011 19:45:49 -0800)

Jefferson County Bankruptcy Judge Known for ‘Rule-From-the-Bench’ Style
Thomas B. Bennett, the Birmingham, Alabama-based judge overseeing the biggest U.S. municipal bankruptcy, comes to court ready to rule, said attorneys who have appeared before him in his 16 years on the federal bench. (Mon, 14 Nov 2011 21:37:34 -0800)

Harrisburg misses deadline for bankruptcy plan
HARRISBURG, Pennsylvania (Reuters) - The capital of Pennsylvania will let the state or a federal bankruptcy judge determine how it will get out of $318 million in debt after missing the last deadline on Monday to come up with a solution of its own. (Mon, 14 Nov 2011 21:39:18 -0800)

Peter Brant's SP Newsprint files bankruptcy
(Reuters) - SP Newsprint Co, owned by newsprint magnate and arts patron Peter Brant and which has called itself the fourth-largest North American newsprint manufacturer, filed for Chapter 11 bankruptcy protection on Tuesday. (Tue, 15 Nov 2011 09:34:42 -0800)

Clare at Water Tower files for bankruptcy
The Clare at Water Tower, a residential high-rise in the Gold Coast, has filed for Chapter 11 bankruptcy, its developer said Tuesday. (Tue, 15 Nov 2011 09:49:58 -0800)

Behind on Mortgage in Bankruptcy. What Now?
These options could help you keep your home post-bankruptcy when you fall behind on payments. (Tue, 15 Nov 2011 11:34:43 -0800)

Lawyers spar over busted Alabama county bankruptcy
BIRMINGHAM, Alabama (Reuters) - Lawyers on opposing sides of the debt crisis in Alabama's Jefferson County traded blame on Tuesday for the biggest municipal bankruptcy in U.S. history as they girded for a crucial court hearing next week. But a week after county commissioners opted for bankruptcy, both sides acknowledged that the framework deal for a debt restructuring announced in September was ... (Tue, 15 Nov 2011 20:32:52 -0800)

AMR Bankruptcy Risk Rises as Lack of Pilot Deal Narrows Options
AMR Corp. (AMR) ’s board may need to weigh a bankruptcy filing after a second round of stepped-up talks with American Airlines pilots failed to produce an agreement on a new, cost-saving contract. (Tue, 15 Nov 2011 21:22:44 -0800)

Trailer Bridge files for Chapter 11 bankruptcy
Trucking and marine freight services company Trailer Bridge Inc. said Wednesday it filed for Chapter 11 bankruptcy protection, a day after $82.5 million of its debt were due. (Wed, 16 Nov 2011 06:43:30 -0800)

First Person: Can Bankruptcy Actually Improve Your Credit Score?
*Note: This was written by a Yahoo! contributor. Do you have a personal finance story that you'd like to share? Sign up with the Yahoo! Contributor Network to start publishing your own finance articles. ... (Wed, 16 Nov 2011 11:53:21 -0800)

First Person: Why Bankruptcy Was the Right Option for Me
*Note: This was written by a Yahoo! contributor. Do you have a personal finance story that you'd like to share? Sign up with the Yahoo! Contributor Network to start publishing your own finance articles. ... (Wed, 16 Nov 2011 23:53:18 -0800)

First Person: The Bankruptcy Code, Condominiums and Homeowner's Associations
*Note: This was written by a Yahoo! contributor. Do you have a personal finance story that you'd like to share? Sign up with the Yahoo! Contributor Network to start publishing your own finance articles. ... (Thu, 17 Nov 2011 00:13:06 -0800)

General Maritime Files for Bankruptcy Protection With $1.4 Billion in Debt
General Maritime Corp. (GMR) , a transporter of crude oil via ocean tankers, filed for bankruptcy amid low freight rates and a surplus of ships. The New York-based company listed assets of $1.71 billion and debt of $1.41 billion in a Chapter 11 petition filed today in U.S. Bankruptcy Court in Manhattan . General Maritime, which operates mostly between the Caribbean, South and Central America ... (Thu, 17 Nov 2011 05:07:34 -0800)

General Maritime Files for Bankruptcy Protection in New York
General Maritime Corp. filed for bankruptcy protection in New York listing assets and debt of more than $1 billion. (Thu, 17 Nov 2011 06:29:00 -0800)

Fox says to seek dismissal of Dodgers bankruptcy
(Reuters) - Fox Sports wants the Los Angeles Dodgers thrown out of bankruptcy, saying the baseball team is using Chapter 11 to enrich club owner Frank McCourt. (Thu, 17 Nov 2011 07:26:32 -0800)

Fox seeks delay in Dodgers bankruptcy hearing
Attorneys for Fox Sports are asking a Delaware bankruptcy judge to delay consideration of the Los Angeles Dodgers' plan to sell media rights to future games. Fox's request to delay a Nov. 30 hearing on the media rights motion is the latest salvo in its battle with the Dodgers. Fox says the planned media rights sale violates an existing contract giving Fox television rights through 2013 and... (Thu, 17 Nov 2011 08:35:35 -0800)

Jefferson County bankruptcy another Alabama "punt"
BIRMINGHAM, Alabama (Reuters) - They call it "Alabama Punting Syndrome," and it has a lengthy history. Jefferson County's bankruptcy filing surprised many, but for Alabama politicians, it was another in a series of incidents in which local officials are unable to solve problems and instead "punt" them to the federal level. Alabama citizens in the southern U.S. state in the past turned to federal ... (Thu, 17 Nov 2011 13:45:30 -0800)

Alabama county bankruptcy was a surprise: receiver
NEW YORK (Reuters) - Creditors of Alabama's Jefferson County were "very close" to reaching a deal with the debt-stricken county and were caught off guard when it filed for bankruptcy last week, the court-appointed manager for the county's sewer system said on Thursday. "The bankruptcy filing caught many of us by surprise," John Young told a meeting of the Municipal Analysts Group of New York ... (Thu, 17 Nov 2011 14:30:17 -0800)

12 myths about bankruptcy
Will you lose your house and retirement savings? When will you be able to borrow money again? Get the facts on these questions and more. (Thu, 17 Nov 2011 17:08:20 -0800)

General Maritime Creditors’ Group Objects to $75 Million Bankruptcy Loan
A group of General Maritime Corp. noteholders opposed a request by the second-largest U.S. owner of oil tankers to borrow $75 million in bankruptcy. (Fri, 18 Nov 2011 08:22:34 -0800)

Bankruptcy judge sets hearing on Fox Sports request to delay arguments on Dodgers sale motion
WILMINGTON, Del. — A Delaware bankruptcy judge is set to hear arguments on a request by Fox Sports to delay consideration of the Los Angeles Dodgers’ plan to sell media rights to future games. Fox says the planned media rights sale violates an existing contract giving it television rights through 2013 and priority in negotiating a contract for games starting in 2014. Read full article >> (Fri, 18 Nov 2011 09:34:32 -0800)

Giordano's bankruptcy trustee details the pizza chain's auction
When U.S. Bankruptcy Judge Eugene Wedoff learned he'd be overseeing the Chapter 11 reorganization of the Giordano's pizza chain, he was eating dinner -- a Giordano's stuffed spinach pizza, to be exact. (Fri, 18 Nov 2011 14:21:41 -0800)

Dallas Stars win OK for bankruptcy plan, team sale
(Reuters) - The Dallas Stars hockey team won court approval of its bankruptcy reorganization, clearing the way for the team to be sold for $265 million to Vancouver businessman Tom Gaglardi. (Fri, 18 Nov 2011 14:39:31 -0800)

Fox Sports asks court to toss Dodgers' bankruptcy
(Reuters) - Fox Sports asked a bankruptcy court late Friday to dismiss the Los Angeles Dodgers' bankruptcy cases, saying they "fail the test of good faith" and are nothing more than an attempt to extract more money from deals to the baseball club's telecast rights. ... (Fri, 18 Nov 2011 19:45:22 -0800)

Tribune Co. Files Third Amended Bankruptcy Plan With Backing of Creditors
Tribune said in a statement yesterday that it’s requesting a confirmation hearing in February in U.S. Bankruptcy Court in Wilmington, Delaware , where the plan was filed. (Fri, 18 Nov 2011 21:20:44 -0800)

Bankruptcy judge sets hearing on Fox Sports request to delay arguments on Dodgers sale motion
WILMINGTON, Del. — A Delaware bankruptcy judge is set to hear arguments on a request by Fox Sports Net West to delay consideration of the Los Angeles Dodgers’ plan to sell media rights to future games. Fox, a division of Rupert Murdoch’s News Corp., contends the planned media rights sale violates an existing contract giving it television rights through 2013 and priority in negotiating a contract ... (Fri, 18 Nov 2011 22:23:08 -0800)

Fox Sports asks court to take Dodgers out of bankruptcy
Fox Sports says the team need not pursue bankruptcy because creditors can be repaid when the team is sold. The Dodgers call the move 'an act of utter desperation.' Fox Sports says the team need not pursue bankruptcy because creditors can be repaid when the team is sold. The Dodgers call the move 'an act of utter desperation.' (Fri, 18 Nov 2011 23:51:43 -0800)

Tribune Co. Files Third Amended Bankruptcy Reorganization Plan
Tribune Co. filed a third amended bankruptcy reorganization plan with the support of its unsecured creditors committee and parties including Oaktree Capital Management LP and JPMorgan Chase & Co. (Sat, 19 Nov 2011 01:59:38 -0800)

Tribune looks for exit plan in bankruptcy
WILMINGTON, Del., Nov. 19 (UPI) -- Tribune Co. is seeking an accelerated completion of its bankruptcy case in Delaware, Don Liebentritt, the firm's restructuring officer said. (Sat, 19 Nov 2011 08:37:57 -0800)

News Corp.’s Fox Seeks to Dismiss Dodgers Bankruptcy Case
News Corp.’s Fox Sports Net West 2 unit asked a judge to dismiss the bankruptcy case filed by the Los Angeles Dodgers baseball team. (Sat, 19 Nov 2011 12:40:41 -0800)

News Corp.’s Fox Asks Judge to Throw Out Dodgers Bankruptcy
News Corp.’s Fox Sports Net West 2 unit asked a judge to dismiss the bankruptcy case filed by the Los Angeles Dodgers baseball team. (Sun, 20 Nov 2011 04:22:53 -0800)

Jefferson County Sewers Become Bargaining Chip in Bankruptcy
The sewers of Jefferson County, Alabama, are the prize in a bankruptcy court fight that starts today, with elected officials and bondholders angling to control a system worth about half of its $3.1 billion debt. (Mon, 21 Nov 2011 07:07:34 -0800)

'Concern' over Quinn bankruptcy
The receiver appointed to oversee Sean Quinn's bankruptcy has expressed concerns about the statement of affairs submitted to the High Court in Belfast. (Mon, 21 Nov 2011 10:54:47 -0800)

Dodgers bankruptcy judge cancels hearing
A Delaware bankruptcy judge has canceled a hearing on a request by Fox Sports to delay consideration of the Los Angeles Dodgers' plan to sell media rights to future games. (Mon, 21 Nov 2011 11:22:02 -0800)

Dodgers bankruptcy hearing called off
A hearing scheduled for Tuesday on the Los Angeles Dodgers' plan to escape bankruptcy by selling telecast rights to future games was cancelled on Monday by a Delaware bankruptcy judge. (Mon, 21 Nov 2011 11:48:23 -0800)

Mediator appointed in Dodgers-Fox bankruptcy feud
A Delaware bankruptcy judge has appointed a mediator to try to resolve a dispute between Fox Sports and the Los Angeles Dodgers over the ball club's plan to sell media rights to future games. (Mon, 21 Nov 2011 13:07:59 -0800)

Jefferson County Bankruptcy Judge Won’t Oust Sewer Receiver
The judge overseeing Jefferson County, Alabama’s bankruptcy case said he won’t remove the court-appointed receiver who is running the county’s insolvent sewer system. (Mon, 21 Nov 2011 13:39:38 -0800)

Los Angeles Bankruptcy Attorney, Hamid Soleimanian, Provides Legal Assistance for Filing for Bankruptcy
LOS ANGELES -- According to marketwatch.com, although foreclosure activity initially decreased between 2010 and 2011, foreclosure activities rose 7 percent between September and October 2011. Default notices ... (Tue, 22 Nov 2011 07:00:00 -0800)

Jefferson County Bankruptcy Judge Questions Method to Split Sewer Cash
The judge overseeing Jefferson County, Alabama’s bankruptcy questioned the process used to divide sewer revenue between payments to bondholders owed $3.1 billion and the operations of the insolvent system. (Tue, 22 Nov 2011 09:36:36 -0800)

What Can Creditors Take in a Bankruptcy?
When filing Chapter 7, you must disclose all assets, but it doesn't mean you can't keep some. (Tue, 22 Nov 2011 16:15:04 -0800)

Bankruptcy trustee wants second crack at Martino
Bankruptcy trustee Simon Rodriguez filed a request today to conduct his own in-depth examination of Troubleshooter Network radio host Tom Martino three weeks after concluding an extensive exam (Tue, 22 Nov 2011 17:11:31 -0800)

Bankruptcy hearing affects more than Harrisburg, finance experts say
Debt-hobbled Harrisburg’s options might soon be whittled down to one: a state takeover. Arguments begin this morning to help federal bankruptcy Judge Mary France decide whether City Council had the legal right to file its municipal bankruptcy petition last month. (Tue, 22 Nov 2011 20:55:15 -0800)

Harrisburg May Get Receiver Even If Bankruptcy Judge Tosses City Petition
Pennsylvania will pursue a plan to put Harrisburg, its bankrupt capital, into state receivership even if a U.S. judge allows the city to seek bankruptcy protection in federal court. (Tue, 22 Nov 2011 21:23:47 -0800)

Harrisburg Bankruptcy Petition Thrown Out
Harrisburg’s bankruptcy case was thrown out by a judge who ruled the city council wasn’t authorized to file the petition for Pennsylvania’s capital. (Wed, 23 Nov 2011 11:50:46 -0800)

PMI Group files for Chapter 11 bankruptcy
Private mortgage insurer PMI Group Inc. is seeking shelter from creditors under the Chapter 11 bankruptcy code after the seizure of two of its subsidiaries by regulators in Arizona. (Wed, 23 Nov 2011 12:46:27 -0800)

Judge Rules Capital City Can't File for Bankruptcy
HARRISBURG, Pa. – A federal bankruptcy judge on Wednesday dismissed the petition by the City Council of Pennsylvania's debt-choked capital of Harrisburg, saying it had been legally barred by state law from seeking bankruptcy protection and, in any case, had no authority to file it. (Wed, 23 Nov 2011 13:10:58 -0800)

Federal judge denies bankruptcy for Harrisburg, Pa.
Harrisburg, Pa., cannot file for bankruptcy to get out of its $300 million debt, a federal judge ruled Wednesday. (Wed, 23 Nov 2011 13:36:02 -0800)

Federal judge tosses Harrisburg bankruptcy filing
A federal bankruptcy judge on Wednesday threw out a petition by the City Council of Pennsylvania's debt-choked capital of Harrisburg, saying it had been legally barred by state law from seeking bankruptcy protection and, in any case, had no authority to file it. (Wed, 23 Nov 2011 13:59:32 -0800)

Federal judge dismisses bankruptcy filing by Pennsylvania’s capital city, calls it illegal
HARRISBURG, Pa. — A federal bankruptcy judge on Wednesday threw out a petition by the City Council of Pennsylvania’s debt-choked capital of Harrisburg, saying it had been legally barred by state law from seeking bankruptcy protection and, in any case, had no authority to file it. Judge Mary D. France issued the ruling after hearing more than two hours of arguments by lawyers as to whether the ... (Wed, 23 Nov 2011 13:59:59 -0800)

Harrisburg Bankruptcy Petition Thrown Out of Court by Judge
Harrisburg’s bankruptcy case was thrown out by a judge who ruled the city council wasn’t authorized to file the petition for Pennsylvania’s capital. (Wed, 23 Nov 2011 14:24:48 -0800)

Judge dismisses Harrisburg, PA, bankruptcy filing
HARRISBURG, Pennsylvania (Reuters) - Pennsylvania is poised to take over its struggling capital of Harrisburg after a federal judge said the city cannot file for bankruptcy to get out of its $300 million outstanding debt. Disappointed city officials said they were considering an appeal after Wednesday's decision. Harrisburg in October became one of the most-high-profile cities to opt for the ... (Wed, 23 Nov 2011 14:57:17 -0800)

Harrisburg’s Bankruptcy Petition Dismissed as Unauthorized
The bankruptcy case filed by Harrisburg, Pennsylvania, the state capital, was thrown out by a judge who ruled the city council wasn’t authorized to file the petition. (Wed, 23 Nov 2011 22:11:06 -0800)

PMI Group Seeks Bankruptcy After Regulators Take Over Main Unit
PMI Group Inc. filed for bankruptcy protection after the mortgage insurer lost a court bid to undo the takeover by Arizona regulators of PMI Mortgage Insurance Co. (MIC), its main unit. (Thu, 24 Nov 2011 04:51:50 -0800)

Irish bank seeks to reverse tycoon's UK bankruptcy
An Irish bank pursuing Ireland's former richest man for €2.16 billion ($2.9 billion) in unpaid loans appealed Thursday to a Northern Ireland judge to overturn his bankruptcy judgment. (Thu, 24 Nov 2011 07:21:45 -0800)

Harrisburg Bankruptcy Petition Thrown Out of Court by Judge
Harrisburg’s bankruptcy case was thrown out by a judge who ruled the city council wasn’t authorized to file the petition for Pennsylvania’s capital. (Fri, 25 Nov 2011 11:57:30 -0800)

Former FBI director Louis Freeh appointed trustee in MG Global bankruptcy
NEW YORK — Former FBI Director Louis J. Freeh has been tapped to be the trustee for MF Global’s Chapter 11 bankruptcy case. The U.S. Trustee for the New York region requested court approval for the appointment, according to documents filed Friday. MF Global and a committee of its creditors asked the court on Monday for permission to name a trustee so that the company can get a binding commitment ... (Fri, 25 Nov 2011 17:09:34 -0800)

Ex-FBI chief named trustee in MF Global bankruptcy
Former FBI Director Louis J. Freeh has been tapped to be the trustee for MF Global's bankruptcy case. (Fri, 25 Nov 2011 17:16:17 -0800)

Bankruptcy: Debtor's downfall and trustee's boon?
HAMMOND | The country's shattered economy has driven many a distressed debtor to bankruptcy court for relief. (Fri, 25 Nov 2011 17:45:03 -0800)

MF Global’s Bankruptcy Trustee Set to Be Ex-FBI Director Freeh
Louis J. Freeh, the former Federal Bureau of Investigation director, was appointed Chapter 11 trustee in the MF Global Holdings Ltd. bankruptcy after the company and creditors said one person should take charge of recovering assets. (Fri, 25 Nov 2011 21:40:37 -0800)

MF Global’s Bankruptcy Trustee Set to Be Ex-FBI Director Freeh
Louis J. Freeh, the former Federal Bureau of Investigation director, was appointed Chapter 11 trustee in the MF Global Holdings Ltd. bankruptcy after the company and creditors said one person should take charge of recovering assets. (Sun, 27 Nov 2011 11:07:49 -0800)

Bankruptcy support group in Germany helps down-and-outs
For entrepreneurs who take big gambles with investments, bankruptcy can lurk behind each decision. One businessman in Germany, faced with such a reality, has decided to turn to others in the same situation. (Mon, 28 Nov 2011 00:30:24 -0800)

PMI Group Files Bankruptcy After Regulators Take Over Unit
PMI Group Inc. filed for bankruptcy protection after the mortgage insurer lost a court bid to undo the takeover of PMI Mortgage Insurance Co. (MIC), its main unit, by Arizona regulators. (Mon, 28 Nov 2011 06:18:29 -0800)

American Airlines parent files for bankruptcy
American Airlines' parent company is seeking bankruptcy protection as it seeks to unload massive debt built up by years of accelerating jet fuel prices and labor struggles. (Tue, 29 Nov 2011 05:08:46 -0800)

American Airlines’ parent files for Ch. 11 bankruptcy protection; CEO steps down
FORT WORTH, Texas — American Airlines and its parent company are filing for bankruptcy protection as they try to cut costs and unload massive debt built up by years of high fuel prices and labor struggles. There will no impact on travelers for now. The nation’s third-largest airline also said Tuesday that CEO Gerard Arpey had stepped down and was replaced by company president Thomas W. Horton ... (Tue, 29 Nov 2011 06:14:36 -0800)

American Airlines’ parent files for bankruptcy protection; no effect on travelers for now
DALLAS — American Airlines and its parent company filed for bankruptcy protection as they try to cut costs and unload massive debt built up by years of high fuel prices and labor struggles. There will be no impact on travelers for now. The nation’s third-largest airline also said Tuesday that CEO Gerard Arpey stepped down and was replaced by company president Thomas W. Horton. Read full article >> (Tue, 29 Nov 2011 08:14:53 -0800)

Air Woes: American Airlines Files for Bankruptcy
Air Woes: American Airlines Files for Bankruptcy (Tue, 29 Nov 2011 08:28:49 -0800)

American Airlines, AMR file for bankruptcy
(Reuters) - American Airlines and its parent company AMR Corp filed for bankruptcy on Tuesday to cut costs and combat soaring fuel prices and dampened travel demand. American Airlines was once the largest U.S. carrier, but is now third behind United Airlines and Delta Air Lines. It had been the only major U.S. airline to avoid a bankruptcy filing in the last decade and consequently has the ... (Tue, 29 Nov 2011 08:34:14 -0800)

American Airlines' Bankruptcy: Who Loses?
  Still up and away. Image via Wikipedia Now that AMR Corporation, parent company of American Airlines and American Eagle, has filed for Chapter 11 bankruptcy protection, should you cash in your tickets and use up those frequent flier points? No, according to Bijan Vasigh, Professor of Airline Finance at Embry-Riddle Aeronautical University [...] (Tue, 29 Nov 2011 08:38:39 -0800)

American Airlines files for bankruptcy
American Airlines parent AMR, one of the few major U.S. airlines to avoid bankruptcy, finally succumbed Tuesday and filed for chapter 11. (Tue, 29 Nov 2011 08:44:35 -0800)

American Airlines files for bankruptcy protection; incoming CEO says flights may be cut
DALLAS — The parent company of American Airlines filed for bankruptcy protection Tuesday, seeking relief from crushing debt caused by high fuel prices and expensive labor contracts that its competitors shed years ago. The company also replaced its CEO, and the incoming leader said American would probably cut its flight schedule “modestly” while it reorganizes. He did not give specifics. American ... (Tue, 29 Nov 2011 09:06:00 -0800)

American Airlines files for bankruptcy protection
The parent company of American Airlines filed for bankruptcy protection Tuesday, seeking relief from crushing debt caused by high fuel prices and expensive labor contracts that its competitors shed years ago. (Tue, 29 Nov 2011 09:12:01 -0800)

Arguments delayed in Fox-Dodgers bankruptcy feud
A U.S. bankruptcy judge has delayed a hearing in a dispute between Fox and the Los Angeles Dodgers over the team's plan to sell future media rights. (Tue, 29 Nov 2011 09:15:53 -0800)

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