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Home > Bankruptcy News

Bankruptcy News Dec 2011

Yes AMR, Bankruptcy IS Failure
No company can succeed trying to save its way to prosperity. To succeed leaders must create value for customers, which inevitably involves innovation. Chronic focus on cost cutting has driven AMR to bankruptcy, and more of the same will not save the company. (Thu, 01 Dec 2011 11:05:16 -0800)

Navigating through the AMR bankruptcy
(Reuters) - The Issue: The parent company of American Airlines, filed for Chapter 11 bankruptcy on Tuesday. But there are still airline industry investing opportunities. A combination of high fuel prices, a loss of business travelers to competitors, and labor costs that were $800 million more per year than its rivals brought American Airlines -- the only major U.S. airline that had not ... (Thu, 01 Dec 2011 13:38:22 -0800)

Carol Friedman dies; bankruptcy lawyer known for compassion
Carol Friedman wanted to become a lawyer and fight injustice. She chose bankruptcy law. (Fri, 02 Dec 2011 07:15:35 -0800)

After American Airlines Bankruptcy, Your Frequent Flyer Miles May Be Worth Less
The American Airlines bankruptcy may create one more barrier to getting the tickets you want when you want them. When I heard that AMR Corporation, parent company of American Airlines and American Eagle, had filed for Chapter 11 bankruptcy protection on Nov. 29, the first thing I did was open [...] (Fri, 02 Dec 2011 12:35:39 -0800)

After American Airlines Bankruptcy, Your Frequent Flyer Miles May Be Worth Less
When I heard that AMR Corporation, parent company of American Airlines and American Eagle, had filed for Chapter 11 bankruptcy protection on Nov. 29, the first thing I did was open the airline's app on my iPad and check to see how many frequent flyer miles I had. Since joining the AAdvantage program in 1990, ... (Fri, 02 Dec 2011 13:00:49 -0800)

Lee plans prepackaged bankruptcy to refinance debt
Filing allows the owner of the Post-Dispatch to restructure debts and exit bankruptcy in 60 days. (Fri, 02 Dec 2011 14:20:56 -0800)

Lee Enterprises to file for bankruptcy relief
(Reuters) - Lee Enterprises Inc said it would file for voluntary prepackaged bankruptcy protection before December 12, as the media company struggles to pay off its debt. The company, which publishes the St. Louis Post-Dispatch and scores of other daily newspapers, said it had reached a refinancing agreement with most of its creditors, extending the maturity date on some of its debt to December ... (Fri, 02 Dec 2011 15:06:08 -0800)

Government pension agency braces for American Airlines bankruptcy
The bankruptcy filing by American Airlines could saddle the obscure federal agency that insures company pensions with a $9 billion loss, officials say, raising the financial pressures on the debt-laden government fund and the possibility it could need a taxpayer bailout. The Pension Benefit Guaranty Corp. is already facing a $26 billion deficit , the largest in its 37-year history, after being ... (Fri, 02 Dec 2011 17:14:00 -0800)

Bankruptcy, foreclosure raise hurdles for new loan
A waiting period sometimes can be waived or shortened if the buyer's bankruptcy, foreclosure or short sale stems from extenuating circumstances or a hardship beyond his or her control. (Fri, 02 Dec 2011 22:11:09 -0800)

American Airlines ' bankruptcy to have ripple effect on DFW
When American Airlines ' parent, AMR Corp., filed its bankruptcy petition Tuesday, it started a wave of uncertainty that will spread through the North Texas economy, from the fate of more than 24,000 area workers, to its presence at Dallas/Fort Worth Airport, to the millions in taxes it pays to local governments. (Sat, 03 Dec 2011 22:04:15 -0800)

Rim companies emerge from bankruptcy
Rim companies emerge from bankruptcy express-news Copyright 2011 express-news. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 08:18 p.m., Monday, November 28, 2011 A U.S. bankruptcy judge in Georgia last week approved a bankruptcy reorganization plan that gives developer Stanley Thomas three years to repay a loan used to build about 642 ... (Sat, 03 Dec 2011 23:07:14 -0800)

Facing bankruptcy, Postal Service pushes forward with big cuts to first-class mail next spring
WASHINGTON — Facing bankruptcy, the U.S. Postal Service is pushing ahead with unprecedented cuts to first-class mail next spring that will slow delivery and, for the first time in 40 years, eliminate the chance for stamped letters to arrive the next day. The estimated $3 billion in reductions, to be announced in broader detail on Monday, are part of a wide-ranging effort by the cash-strapped ... (Sun, 04 Dec 2011 06:54:53 -0800)

American Airlines' bankruptcy aims to shed crippling liabilities
Bankruptcy is but one leg of AA's long journey toward profitability (Sun, 04 Dec 2011 15:35:48 -0800)

American Airlines to modernize fleet despite bankruptcy filing
The airline, whose parent company filed for bankruptcy protection last week, says 10 new Boeing 777-300ER planes it will acquire in the next two years will include lie-flat seats in first- and business-class sections, mood lighting and a walk-up bar. A day after American Airlines parent company AMR Corp. filed for bankruptcy protection last week, the airline announced it had chosen a swanky ... (Sun, 04 Dec 2011 21:49:50 -0800)

Bankruptcy of MF Global hits farmers hard
Bankruptcy of the commodities trading firm may include some $1.2 million missing from customers accounts. Farmers, ranchers, and agricultural businesses were cut off from the cash in their accounts when MF Global sought bankruptcy protection in October. (Sun, 04 Dec 2011 21:59:32 -0800)

American Airlines' bankruptcy comes late
When American Airlines parent AMR filed for bankruptcy on Tuesday, the biggest question wasn't how could this happen, but why didn't it happen sooner? As the last of the so-called legacy carriers to seek court... (Mon, 05 Dec 2011 00:31:46 -0800)

Dad's bankruptcy may force daughter to pay joint card debt
A worried mom wants to know if her daughter will be stuck paying the debt on a credit card she held jointly with her dad. Unfortunately, our expert says, that's likely the case (Mon, 05 Dec 2011 04:00:00 -0800)

AMR Mutes Takeover Risk With Record $4.1 Billion Bankruptcy Cash
AMR Corp.’s $4.1 billion in cash, the most ever for a U.S. carrier entering bankruptcy, may help the parent of American Airlines preserve its independence. (Mon, 05 Dec 2011 06:45:47 -0800)

AMR Bankruptcy Brutal For Shareholders, Beneficial For Company
It's too early in the process to make assumptions on American's equity value exiting bankruptcy as the carrier will renegotiate items like its legacy defined benefit plans, future labor contracts and debt structure. These steps should make the airline more competitive going forward and could improve the long term outlook for the airline. (Mon, 05 Dec 2011 09:19:35 -0800)

AMR Bankruptcy Brutal For Shareholders, Beneficial For Company
After holding off from filing bankruptcy much longer than its peers, AMR Corp., the parent company of American Airlines , finally decided to file for Chapter 11 last Tuesday in a New York court. (Mon, 05 Dec 2011 09:25:58 -0800)

Getty Petroleum Marketing Files for Bankruptcy to Deal With Cleanup Costs
Getty Petroleum Marketing Inc., a fuel marketer acquired this year by Cambridge Petroleum Holding Inc., filed for bankruptcy protection to deal with environmental cleanup costs. (Mon, 05 Dec 2011 09:35:54 -0800)

Facing bankruptcy, US Postal Service plans unprecedented cuts to first-class mail next spring
WASHINGTON — The cash-strapped U.S. Postal Service said Monday it is seeking to move quickly to close 252 mail processing centers and slow first-class delivery next spring, citing steadily declining mail volume. The cuts are part of $3 billion in reductions aimed at helping the agency avert bankruptcy next year. It would virtually eliminate the chance for stamped letters to arrive the next day ... (Mon, 05 Dec 2011 09:40:19 -0800)

Lehman hearing may herald end of bankruptcy
NEW YORK (Reuters) - Lehman Brothers Holdings Corp is about to take its last step toward exiting a more than three-year-long bankruptcy process, a move that should enable it to begin paying back investors next year. Lehman, which filed for bankruptcy in September 2008 and worsened the global financial crisis, is due to present its payout plan to Federal Bankruptcy Judge James Peck on Tuesday in ... (Mon, 05 Dec 2011 14:57:04 -0800)

AMR Record $4.1 Billion Bankruptcy Cash Mutes Takeover Risk
AMR Corp.’s $4.1 billion in cash, the most ever for a U.S. carrier entering bankruptcy, may help the parent of American Airlines preserve its independence. (Mon, 05 Dec 2011 21:37:20 -0800)

TMP Directional, Former Monster Worldwide Unit, Files for Bankruptcy
TMP Directional Marketing LLC, the defunct advertising agency spun off from Monster Worldwide Inc. (MWW) , filed bankruptcy with plans to liquidate its remaining assets. (Tue, 06 Dec 2011 07:35:44 -0800)

Jon Corzine's troubles build after MF Global bankruptcy
As MF Global's bankruptcy recedes further into the past its problems are not going away. Since the firm, which was led by former Goldman Sachs chairman and U.S. Senator Jon Corzine, declared bankruptcy on Halloween each new week has brought forward troubling new revelations. (Tue, 06 Dec 2011 07:50:02 -0800)

Lehman wins court approval to exit bankruptcy
NEW YORK (Reuters) - Lehman Brothers Holdings Inc on Tuesday won court approval for its reorganization plan, allowing it to end the largest bankruptcy in U.S. history and a major trigger of the 2008 global financial crisis. The approval was granted by U.S. Bankruptcy Judge James Peck at a hearing in Manhattan. Lehman expects to begin payouts of an estimated $65 billion to creditors early next ... (Tue, 06 Dec 2011 09:44:30 -0800)

Will Bankruptcy Take Ex off the Mortgage?
Handling a mortgage after a divorce can mean big financial troubles if you aren't prepared. (Tue, 06 Dec 2011 13:09:06 -0800)

Court OK's Lehman plan to exit bankruptcy
* Lehman proposes to exit court process in early 2012 (Tue, 06 Dec 2011 13:52:23 -0800)

Lehman Enters Final Bankruptcy Phase as Judge Approves Plan
Lehman Brothers Holdings Inc. won a federal judge’s approval to begin the final phase of the biggest bankruptcy in U.S. history, as the defunct securities firm said it would begin to distribute some of its $23 billion in available cash. (Tue, 06 Dec 2011 22:27:02 -0800)

Bankruptcy filings here dip again in November
New bankruptcy filings in Western New York dipped again in November for the 18th straight month, as fewer people can afford to file for court protection or have fewer reasons to do so. (Wed, 07 Dec 2011 05:19:59 -0800)

Dad's Bankruptcy May Force Daughter to Pay Joint Card Debt
A daughter can be held liable for the charges on the credit card account if she is a joint owner of the account along with her husband. (Wed, 07 Dec 2011 05:55:11 -0800)

Saab's bankruptcy protection 'should be lifted'
A court-appointed administrator for Saab on Wednesday asked a court to lift bankruptcy protection for the Swedish carmaker, effectively putting the company at the mercy of creditors, the court said. (Wed, 07 Dec 2011 08:11:19 -0800)

Bankruptcy judge gives Dodgers extra time
Attorneys for the Los Angeles Dodgers and Fox Sports squared off in court Wednesday over the team's plan to sell the media rights to games starting in 2014 as part of its plan to exit bankruptcy. (Wed, 07 Dec 2011 12:41:41 -0800)

Bankruptcy judge begins hearing arguments
An American bankruptcy judge began hearing testimony on Wednesday in a dispute between the Los Angeles Dodgers and Fox Sports over the Major League Baseball club's media rights. (Wed, 07 Dec 2011 15:10:16 -0800)

American Airlines bankruptcy: Are your frequent flyer miles safe?
Now that the last major U.S. carrier has filed for Chapter 11 protection, the future of its AAdvantage rewards program is unclear (Thu, 08 Dec 2011 05:04:00 -0800)

Lehman Enters Final Bankruptcy Phase as Judge Approves Plan
Lehman Brothers Holdings Inc. was given permission by a federal judge to begin the final phase of the biggest bankruptcy in U.S. history, as the defunct securities firm said it would begin to distribute some of its $23 billion in available cash. (Thu, 08 Dec 2011 05:54:01 -0800)

Highlights: House panel's hearing on MF Global bankruptcy
WASHINGTON (Reuters) - The following comments were made on Thursday at a House Agriculture Committee hearing to examine the bankruptcy of MF Global. It was the first hearing to bring the major players together since the firm's collapse. The star witness was Jon Corzine, former chief executive of the MF Global Inc. Others testifying include Jill Sommers, a Republican member of the Commodity ... (Thu, 08 Dec 2011 08:45:41 -0800)

Alabama County Bankruptcy No National Bellwether
Record municipal bankruptcy aside, doom is not at hand for state and local governments nationwide. (Thu, 08 Dec 2011 10:22:34 -0800)

American Airlines Files for Bankruptcy
American Airlines and its parent company AMR Corp filed for bankruptcy protection on Tuesday. (Thu, 08 Dec 2011 11:02:01 -0800)

How Good Companies Use Bankruptcy to Their Benefit
Can the courts save American Airlines? (Thu, 08 Dec 2011 11:59:28 -0800)

Bankruptcy judge rules in favour of Dodgers
A US judge ruled in favour of the Los Angeles Dodgers Thursday, allowing the Major League Baseball team to sell its media rights as part of the club's plans to get out of bankruptcy. (Thu, 08 Dec 2011 16:29:42 -0800)

Bankruptcy judge rejects Fox Sports objection, approves sale of Dodgers media rights
WILMINGTON, Del. — A judge said Thursday that he would overrule an objection by Fox Sports and approve a process for the Los Angeles Dodgers to sell the media rights to future games as part of the team’s plan to exit bankruptcy. U.S. Bankruptcy Judge Kevin Gross said at the end of a two-day hearing that he would approve the Dodgers’ plan to sell media rights to games starting in 2014, a key ... (Thu, 08 Dec 2011 19:10:26 -0800)

American Airlines pilots lobbied about bankruptcy
The union for American Airlines pilots lobbied Congress on pension and bankruptcy-related legislation in the quarter before American filed for bankruptcy protection, according to a recent disclosure report. (Fri, 09 Dec 2011 12:50:53 -0800)

Bankruptcy Auction of Valuable Oklahoma Oil and Gas Leases in Okmulgee County Moved to December 21st
TULSA, Okla. -- On December 2nd, Karen Walsh, the Chapter 7 Trustee appointed in the Bobby Rowe Energy, Inc. and Stephen Rowe Oil Properties, LLC bankruptcy cases, entered into an Asset Purchase Agreement ... (Fri, 09 Dec 2011 14:35:31 -0800)

Jefferson County Bankruptcy Should Be Dismissed, BNY Mellon, Creditors Say
Jefferson County, Alabama, doesn’t meet the legal requirement to remain in bankruptcy and its case should be dismissed, creditors said in court filings. (Fri, 09 Dec 2011 17:05:49 -0800)

Jefferson County Bankruptcy Should Be Tossed, Creditors Say
Jefferson County, Alabama, doesn’t meet the legal requirement to remain in bankruptcy and its case should be dismissed, creditors said in court filings. (Fri, 09 Dec 2011 17:42:25 -0800)

Creditors challenge Jefferson County bankruptcy
(Reuters) - Jefferson County, Alabama, has no legal grounds to be in municipal bankruptcy proceedings, the county's creditors argued in a court filing on Friday. Bank of New York Mellon Corp, as the indenture trustee for the holders of county sewer warrants, asked U.S. Bankruptcy Judge Thomas Bennett to dismiss the bankruptcy case, claiming Jefferson County does not qualify for Chapter 9 relief ... (Fri, 09 Dec 2011 18:42:21 -0800)

Jefferson County Bankruptcy Should Be Thrown Out, Creditors Say
Alabama’s Jefferson County doesn’t meet a legal requirement to remain in bankruptcy and its case should be dismissed, its creditors said in court filings. (Fri, 09 Dec 2011 22:38:51 -0800)

Lehman bankruptcy estate to bid on Archstone stake
Lehman Brothers Holdings Inc.'s bankruptcy estate plans to ask the judge overseeing the company's reorganization for permission to spend $1.33 billion to buy an increased share of apartment building owner Archstone, according to the Wall Street Journal. (Sat, 10 Dec 2011 14:57:09 -0800)

Jefferson County Bankruptcy Should Be Thrown Out, Creditors Say
Alabama’s Jefferson County doesn’t meet a legal requirement to remain in bankruptcy and its case should be dismissed, its creditors said in court filings. (Sun, 11 Dec 2011 00:25:50 -0800)

City Council in Pa. capital again seeks bankruptcy
The City Council has appealed a judge's decision to throw out the bankruptcy petition of Pennsylvania's debt-choked capital city, its attorney said. (Sun, 11 Dec 2011 06:47:15 -0800)

Harrisburg Council decides to appeal bankruptcy ruling: lawyer
HARRISBURG, Pa (Reuters) - Harrisburg's city council has decided to appeal a federal court judge's decision to deny its entry into municipal bankruptcy court, a lawyer representing the council said. Middle District Judge Mary France ruled last month that the city could not pursue Chapter 9 bankruptcy proceedings because a law that was changed over the summer revoked the city's authority to file ... (Sun, 11 Dec 2011 10:30:14 -0800)

AMR Bankruptcy Creates Opening to Speed Flight Cuts at American Eagle Unit
AMR Corp. (AMR) ’s bankruptcy filing may open the door to reject leases on costly small jets and make deeper cuts in flying at American Airlines ’ American Eagle regional unit. (Sun, 11 Dec 2011 21:37:32 -0800)

Lee Enterprises files for bankruptcy
Post-Dispatch owner filed its Chapter 11 bankruptcy petition in Delaware bankruptcy court. (Mon, 12 Dec 2011 04:19:52 -0800)

AMR Bankruptcy Creates Opening to Speed Cutbacks at Eagle Unit
AMR Corp.’s bankruptcy filing may open the door to reject leases on costly small jets and make deeper cuts in flying at American Airlines’ American Eagle regional unit. (Mon, 12 Dec 2011 11:58:46 -0800)

Newspaper group Lee Enterprises files for bankruptcy
(Reuters) - Lee Enterprises Inc , which publishes 48 daily newspapers including St. Louis Post-Dispatch, filed for Chapter 11 bankruptcy protection to refinance nearly $1 billion in debt, as newspapers struggle with falling advertisement dollars and dwindling readership. In a filing with Delaware bankruptcy court, Lee Enterprises listed liabilities of $994.5 million and assets of $1.15 billion ... (Mon, 12 Dec 2011 15:01:07 -0800)

St. Louis Post Dispatch owner files for bankruptcy
Lee Enterprises, one of the largest newspaper chains in the United States, filed for bankruptcy on Monday, the latest victim of the crisis gripping the US newspaper industry. (Mon, 12 Dec 2011 15:12:13 -0800)

WaMu settles dispute, eyes bankruptcy exit
(Reuters) - Washington Mutual Inc, the biggest bank to fail in U.S. history, said it reached a settlement in a dispute between shareholders and certain creditors that had prevented the bank from emerging from Chapter 11 bankruptcy proceedings. WaMu got a respite late on Monday when it said in a court filing that the shareholders represented by an equity committee would drop legal claims against ... (Tue, 13 Dec 2011 06:52:49 -0800)

Three years on, WaMu eyes bankruptcy exit
It was the biggest bankruptcy ever by a U.S. bank, but three years after filing for Chapter 11 , Washington Mutual Inc. is seeing a light at the end of the reorganization tunnel. (Tue, 13 Dec 2011 06:56:27 -0800)

Senate hearing on MF Global bankruptcy
(Reuters) - The following comments were made on Tuesday at a Senate Agriculture Committee hearing to examine the bankruptcy of futures brokerage MF Global. It is the second hearing to feature former MF Global Chief Executive Jon Corzine, who has said he does not know what happened to hundreds of millions of dollars in missing customer money. Tuesday's hearing is also hearing from farmers who ... (Tue, 13 Dec 2011 08:28:12 -0800)

AMR Bankruptcy Creates Opening to Speed Cutbacks at Eagle Unit
AMR Corp.’s bankruptcy filing may open the door to reject leases on costly small jets and make deeper cuts in flying at American Airlines’ American Eagle regional unit. (Tue, 13 Dec 2011 11:14:26 -0800)

Harrisburg Judge Rejects City Council’s Appeal of Bankruptcy Dismissal
The Harrisburg, Pennsylvania, city council lost a bid to appeal dismissal of the city’s bankruptcy petition as the judge in the case ruled a procedural step had come too late. (Tue, 13 Dec 2011 13:22:34 -0800)

Bankruptcy judge approves Lee's bankruptcy financing
A judge in Lee Enterprises' bankruptcy case approved $40 million in financing for the publisher to fund operations during its bankruptcy proceedings. (Tue, 13 Dec 2011 13:36:10 -0800)

Getting a Mortgage Modification Post-Bankruptcy
It's tough to get a mortgage modification, but skipping payments isn't the answer. (Wed, 14 Dec 2011 07:26:47 -0800)

Judge approves cash for MF Global bankruptcy
NEW YORK (Reuters) - A bankruptcy judge approved on Wednesday a deal to allow collapsed broker MF Global Holdings Ltd to finance the rest of its bankruptcy with about $21 million in cash pledged as collateral to JPMorgan Chase & Co , one of its primary lenders. Judge Martin Glenn green-lighted the deal at a hearing in U.S. Bankruptcy Court in Manhattan, but was also receptive to an objection ... (Wed, 14 Dec 2011 07:34:11 -0800)

Judge approves cash for MF Global bankruptcy
NEW YORK (Reuters) - A bankruptcy judge approved on Wednesday a deal to allow collapsed broker MF Global Holdings Ltd to finance the rest of its bankruptcy with about $21 million in cash pledged as collateral to JPMorgan Chase & Co, one of its primary lenders. Judge Martin Glenn green-lighted the deal at a hearing in U.S. Bankruptcy Court in Manhattan, but was also receptive to an objection from ... (Wed, 14 Dec 2011 11:33:38 -0800)

Judge allows creditors to sue in Roberts bankruptcy
Creditors in Roberts Broadcasting Co.'s bankruptcy case were granted the ability to sue other businesses owned by Michael and Steven Roberts that are not in bankruptcy to recover money transferred from four TV stations to the brother's hotel and real estate operations. (Wed, 14 Dec 2011 15:56:22 -0800)

Judge may rule soon on bankruptcy for large Alabama county
A decision on whether Alabama's Jefferson County can proceed in the largest municipal bankruptcy in U.S. history could be made by the end of this week. (Wed, 14 Dec 2011 23:34:05 -0800)

Jefferson County Bankruptcy Case May Turn on Meaning of the Word ‘Bond’
The fate of the biggest municipal bankruptcy in the U.S. may depend on how judges in Alabama define the word ‘bond.’ (Thu, 15 Dec 2011 06:20:44 -0800)

Wall Street seeks dismissal of record bankruptcy
Wall Street creditors are asking a judge to throw out the record bankruptcy filed by Alabama's largest county over more than $4 billion in debt. (Thu, 15 Dec 2011 06:27:51 -0800)

Wall Street asks judge to dismiss record bankruptcy filed by Alabama county
BIRMINGHAM, Ala. — Wall Street creditors are asking a judge to throw out the record bankruptcy filed by Alabama’s largest county over more than $4 billion in debt. Lenders say Alabama law doesn’t allow Jefferson County, which includes Birmingham, to file a municipal bankruptcy. They say state law allows bankruptcy only for bonds, and the county has a different type of debt called warrants. Read ... (Thu, 15 Dec 2011 06:28:40 -0800)

Wall St. seeks dismissal of Ala. record bankruptcy
Wall Street creditors asked a judge Thursday to throw out the record bankruptcy filed by Alabama's largest county over more than $4 billion in debt, arguing state law doesn't allow it. (Thu, 15 Dec 2011 09:53:24 -0800)

Wall Street creditors asks judge to dismiss record bankruptcy filed by Alabama county
BIRMINGHAM, Ala. — Wall Street creditors asked a judge Thursday to throw out the record bankruptcy filed by Alabama’s largest county over more than $4 billion in debt, arguing state law doesn’t allow it. Lenders claimed during a hearing and in court documents that Alabama law permits bankruptcy only for bond debt, and Jefferson County has a different type of debt called warrants. The county and ... (Thu, 15 Dec 2011 09:55:26 -0800)

Judge withholds decision on Ala. record bankruptcy
A federal bankruptcy judge is withholding a decision on whether Alabama law allows the state's biggest county to file a record municipal bankruptcy. (Thu, 15 Dec 2011 13:03:05 -0800)

Delta Petroleum files for Ch.11 bankruptcy
Delta Petroleum Corp. said Friday it has filed for bankruptcy protection after booking heavy losses from a series of dry wells. (Fri, 16 Dec 2011 06:29:28 -0800)

Jefferson County Judge May Seek Bankruptcy Advice From Alabama High Court
The federal judge overseeing Jefferson County’s bankruptcy is considering asking the Alabama Supreme Court for advice on whether to dismiss the biggest U.S. municipal bankruptcy. (Fri, 16 Dec 2011 07:15:03 -0800)

Vernon Healy: Investors Harmed by the Lehman Brothers Bankruptcy Get Mixed Messages This Week
NAPLES, Fla. -- The Lehman Brothers bankruptcy that shook the financial world in 2008 still has investors who lost billions in the collapse wondering when they will begin to recoup their losses. Two decisions ... (Fri, 16 Dec 2011 09:19:09 -0800)

BANKRUPTCY WEEK AHEAD:Trump Seeks To Kick Off Auction For Florida's Doral
BANKRUPTCY WEEK AHEAD:Trump Seeks To Kick Off Auction For Florida's Doral (Fri, 16 Dec 2011 09:43:38 -0800)

Arguments set in Dodgers bankruptcy appeal by Fox
A federal district court judge in Delaware has scheduled a hearing next week in an appeal by Fox Sports of a federal bankruptcy judge's order allowing the Los Angeles Dodgers to sell the media rights to future games. (Fri, 16 Dec 2011 14:59:55 -0800)

Arguments set in Dodgers bankruptcy appeal by Fox
A federal district court judge in Delaware has scheduled a hearing next week in an appeal by Fox Sports of a federal bankruptcy judge's order allowing the Los Angeles Dodgers to sell the media rights to future games. U.S. District Judge Leonard Stark told attorneys at the conclusion of a teleconference Friday that he will hear arguments next Thursday on Fox's request for an emergency stay... (Fri, 16 Dec 2011 15:02:55 -0800)

Hearing set in Dodgers bankruptcy appeal by Fox
DOVER, Del. (AP) -- A federal district court judge in Delaware has scheduled a hearing next week in an appeal by Fox Sports of a federal bankruptcy judge's order allowing the Los Angeles Dodgers to sell the media rights to future games. (Fri, 16 Dec 2011 22:59:12 -0800)

American Airlines ' route to bankruptcy
For almost a decade, American Airlines executives struggled to keep the Fort Worth-based carrier out of bankruptcy. (Sun, 18 Dec 2011 07:00:50 -0800)

Quinn move 'bankruptcy tourism'
The businessman Sean Quinn is involved in "a form of bankruptcy tourism", a barrister for the former Anglo Irish Bank claims. (Sun, 18 Dec 2011 22:32:04 -0800)

Saab owner files for bankruptcy
Troubled Swedish carmaker Saab files for bankruptcy after failing to secure fresh funds from potential Chinese investors. (Mon, 19 Dec 2011 00:53:56 -0800)

Automaker Saab files for bankruptcy
Saab Automobile filed for bankruptcy on Monday after attempts by Chinese investors to take over the loss-making brand were blocked by previous owner General Motors Co. (Mon, 19 Dec 2011 02:00:13 -0800)

Automaker Saab files for bankruptcy in Sweden
Saab Automobile filed for bankruptcy on Monday, giving up a desperate struggle to stay in business after previous owner General Motors Co. blocked takeover attempts by Chinese investors. (Mon, 19 Dec 2011 04:25:59 -0800)

Swedish Automaker Saab Files For Bankruptcy
Saab CEO Victor Muller personally handed in the bankruptcy application to a court in southwestern Sweden. The filing ends a desperate struggle to stay in business after previous owner General Motors blocked takeover attempts by Chinese investors. (Mon, 19 Dec 2011 05:16:44 -0800)

After 60 years, Saab cars end in bankruptcy
Saab Automobile's decision to file for bankruptcy on Monday ends two years of efforts to save the loss-making company that began as an aircraft manufacturer and then rolled out cars for 60 years. (Mon, 19 Dec 2011 05:39:32 -0800)

Saab files bankruptcy, heading for shutdown
Famed Swedish car maker files for bankruptcy Car maker Saab ran out of time Monday when its Dutch owner filed for bankruptcy, calling time on a nine-month battle to rescue the struggling Swedish marque. (Mon, 19 Dec 2011 05:54:45 -0800)

Saab files for bankruptcy after Chinese deal fails
Saab Automobile filed for bankruptcy on Monday, giving up a desperate struggle to stay in business after previous owner General Motors Co. blocked takeover attempts by Chinese investors. (Mon, 19 Dec 2011 06:48:57 -0800)

Automaker Saab files for bankruptcy in Sweden after GM blocks financing deals with Chinese
STOCKHOLM — Saab Automobile filed for bankruptcy on Monday, giving up a desperate struggle to stay in business after previous owner General Motors Co. blocked takeover attempts by Chinese investors. Saab CEO Victor Muller personally handed in the bankruptcy application to a court in southwestern Sweden, ending his two-year effort to revive the carmaker that over more than six decades has become ... (Mon, 19 Dec 2011 06:49:03 -0800)

End of the road as carmaker Saab files for bankruptcy
Saab Automobile filed for bankruptcy on Monday, bringing to an end two years of efforts to rescue the iconic brand which has been the hallmark of Swedish cars for six decades. (Mon, 19 Dec 2011 09:29:34 -0800)

Saab’s owner gives up, declares bankruptcy after GM blocks Chinese rescue effort
STOCKHOLM — After six decades of building cars renowned for their teardrop designs and quirky features, cash-strapped Saab Automobile gave up its desperate struggle for a lifeline Monday and filed for bankruptcy. Saab CEO Victor Muller said “the last nail in the coffin” was previous owner General Motors Co.’s rejection of a Chinese company’s attempts to gain control of the ailing Swedish brand ... (Mon, 19 Dec 2011 10:18:07 -0800)

Does the bank take your house in bankruptcy?
Dear Bankruptcy Adviser,If someone files bankruptcy, does the bank take his house? I spoke to someone looking to rent his house, but he says he can only rent month-to-month because he has filed bankruptcy. ... (Tue, 20 Dec 2011 00:00:40 -0800)

Rust Consulting Enters Bankruptcy Administration Market with Acquisition of Omni Management Group
MINNEAPOLIS , Dec. 20, 2011 /PRNewswire/ --  Rust Consulting, Inc. , a leader in legal, public and business sector project administration, announced today that it has acquired Omni Management Group , a ... (Tue, 20 Dec 2011 06:30:00 -0800)

Bankruptcy filing is a sad end to Saab’s story
With the filing of bankruptcy papers this week it’s all over for Saab but the funeral. Or is it? (Wed, 21 Dec 2011 04:49:15 -0800)

Bankruptcy Slowdown May Not Be Due to Recovering Economy
A steep downturn in Iowa bankruptcies this year may have relatively little to do with the economic recovery. (Wed, 21 Dec 2011 09:22:20 -0800)

Macey Bankruptcy Law Offers Exhaustive List of Services for Debtors as 2011 Draws to a Close
CHICAGO, IL-- - No one wants to be in debt during the holiday season, and Macey Bankruptcy Law is helping debtors get through this tough time. With 100 offices across America and a growing client base ... (Wed, 21 Dec 2011 14:58:00 -0800)

Lewis: Taking a shot at Kodak's looming bankruptcy
Bankruptcy won't be the worst thing to happen to Eastman Kodak Co. What will be worse is the puns. Bloggers, tweeters, social networkers and headline writers have been rolling them out for weeks now. (Wed, 21 Dec 2011 15:13:48 -0800)

When to choose bankruptcy over debt management
Dear Debt Adviser,I have more debt than I can handle, and I am enrolled in a debt management plan. However, my expenses still amount to more than I bring home, and the debt management agent knew this going ... (Thu, 22 Dec 2011 00:00:58 -0800)

First Person: What Filing for Bankruptcy Is Really Like
*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, 22 Dec 2011 08:43:00 -0800)

US unit of Saab will try to avoid bankruptcy
The North American unit of bankrupt Swedish automaker Saab will try to avoid going into bankruptcy itself to keep up warranties for recent car buyers and support dealers left with inventory, a company official said Wednesday. (Thu, 22 Dec 2011 09:15:24 -0800)

Bankruptcy judge green lights American plane purchases
A bankruptcy judge says that the parent of American Airlines can go ahead with its previously scheduled deliveries of Boeing aircraft next year. (Thu, 22 Dec 2011 11:13:17 -0800)

Will bankruptcy stop wage garnishment?
Before you even think of filing bankruptcy, make sure you've explored all the wage garnishment exclusions that you may qualify for (Thu, 22 Dec 2011 22:00:00 -0800)

Judge mulls whether to halt appeal of Dodgers bankruptcy court order
A U.S. District Court judge in Delaware is considering whether to halt a bankruptcy court order approving a process for the Los Angeles Dodgers to sell the media rights to future games until he rules on a Fox Sports appeal. (Fri, 23 Dec 2011 00:13:03 -0800)

Young Buck could lose name in bankruptcy case
Multiplatinum rapper Young Buck could lose his name and other assets in a bankruptcy case that the rapper says is frustrating his attempts to sign with a new record label. (Fri, 23 Dec 2011 08:25:10 -0800)

How Does Bankruptcy Affect Your IRA?
Since 2005, money in your IRA can be protected if you are forced to file for bankruptcy. (Fri, 23 Dec 2011 08:56:35 -0800)

Lehman Pays Marsal Firm Almost $500 Million to Manage Bankruptcy
Lehman Brothers Holdings Inc. has paid restructuring firm Alvarez & Marsal LLC almost half a billion in fees during its bankruptcy, according to a court filing. (Fri, 23 Dec 2011 21:59:54 -0800)

Fox Sports wins ruling in Dodgers bankruptcy case
A U.S. District Judge in Delaware on Friday dealt a significant blow to the Los Angeles Dodgers' plans to sell the media rights to future games, halting the sales process while he consider an appeal by Fox Sports. (Fri, 23 Dec 2011 22:23:45 -0800)

Filing for bankruptcy becomes more costly in wake of reforms
Bankruptcy is a way to escape from debt, but it doesn't come without a price -- and consumers now pay as much as 55 percent more since the 2005 bankruptcy reform was passed. (Sat, 24 Dec 2011 01:51:44 -0800)

Filing for bankruptcy becomes more costly in wake of reforms
A Nevada-based construction equipment supplier has filed for bankruptcy protection to reorganize more than $500 million in debt: » Ahern Rentals Inc. said in a Chapter 11 filing Thursday in U.S. Bankruptcy Court in Reno that its debts and assets each were valued at between $500 million and $1 billion. (Sun, 25 Dec 2011 00:04:04 -0800)

Lehman Pays Marsal Firm Almost $500 Million to Manage Bankruptcy
Lehman Brothers Holdings Inc. has paid almost half a billion dollars in fees to restructuring firm Alvarez & Marsal LLC during its bankruptcy, according to a court filing. (Sun, 25 Dec 2011 22:12:39 -0800)

Divorce no protection from ex's bankruptcy
Dear Bankruptcy Adviser,Under the terms of our divorce , my ex-husband is allowed to stay in the house we shared -- as long as he makes the payments. The house is for sale, but we are both on the title ... (Tue, 27 Dec 2011 00:01:05 -0800)

A Detroit bankruptcy would be long, costly
The deepening financial crisis in Detroit has intensified hints that the city could opt for bankruptcy, but financial experts warn the move could cost taxpayers millions, stall economic development and take years to be resolved in the courts. (Tue, 27 Dec 2011 00:51:53 -0800)

A Detroit bankruptcy would be long, costly
The deepening financial crisis in Detroit has intensified hints that the city could opt for bankruptcy, but financial experts warn the move could cost taxpayers millions, stall economic development and take years to be resolved in the courts. (Tue, 27 Dec 2011 05:00:51 -0800)

Court: Bankruptcy judge erred in Dodgers-Fox contract
A U.S. District Judge in Delaware says a bankruptcy judge erred in freeing the Los Angeles Dodgers from provisions of its current Fox Sports TV contract. (Tue, 27 Dec 2011 10:19:30 -0800)

Detroit warned about bankruptcy option
DETROIT, Dec. 27 (UPI) -- Bankruptcy experts said Detroit should choose a path other than seeking court protection, which would be costly in terms of time and money. (Tue, 27 Dec 2011 12:55:57 -0800)

Lehman Pays Marsal Firm Almost $500 Million to Manage Bankruptcy
Lehman Brothers Holdings Inc. has paid almost half a billion dollars in fees to restructuring firm Alvarez & Marsal LLC during its bankruptcy, according to a court filing. (Tue, 27 Dec 2011 12:57:17 -0800)

Bucks County bankruptcy meetings will stay close to home after all
For more than two decades, Bucks County residents who declared bankruptcy could avoid a trip to federal Bankruptcy Court in Center City and instead attend required meetings in the county - an important advantage for financially strapped people who don't need the added transportation and parking costs. (Wed, 28 Dec 2011 00:34:17 -0800)

Power Balance Bankruptcy Causes Competitors to Speak Up
LOGAN, Utah , Dec. 28, 2011 /PRNewswire/ -- Industry leader Power Balance recently announced their filing for bankruptcy after year-end reports show the company has suffered a new loss of more than $9 ... (Wed, 28 Dec 2011 05:25:00 -0800)

American Gets Into Fighting Shape In Bankruptcy
The ball seems to be rolling at American Airlines as the airline looks to shake up management to get its house in order. It has been a busy month for the Fort Worth, Texas-based company after it filed for bankruptcy protection under Chapter 11 at the end of last month. (Wed, 28 Dec 2011 09:33:12 -0800)

Madoff Son Returned to Bankruptcy Court by U.S. Judge in $198 Million Suit
Bernard Madoff’s son Andrew must submit to a bankruptcy judge’s decision to permit a $198 million lawsuit to go forward because he sought that court’s protection when he filed a claim against his father’s estate, a federal judge said. (Wed, 28 Dec 2011 10:35:49 -0800)

Editorial: Bankruptcy may be best
A bankruptcy reorganization may be the best strategy for Pinnacle Airlines Corp. (Wed, 28 Dec 2011 22:00:00 -0800)

Madoff Son Must Face Trustee Suit in Bankruptcy Court
Bernard Madoff’s son Andrew must submit to a bankruptcy judge’s decision to permit a $198 million lawsuit to go forward because he sought that court’s protection when he filed a claim against his father’s estate, a federal judge said. (Wed, 28 Dec 2011 23:27:36 -0800)

Shares of American Airlines parent AMR, in bankruptcy protection, to stop trading on NYSE
FORT WORTH, Texas — American Airlines’ parent company, which filed for bankruptcy protection last month, said Thursday that its stock will be dropped from the New York Stock Exchange. The shares will stop trading on the NYSE before the opening bell next Thursday. The delisting includes AMR common stock and some company-issued notes. Read full article >> (Thu, 29 Dec 2011 16:20:37 -0800)

Saab may yet emerge from bankruptcy
Shares of Saab car manufacturer Swedish Automobile jumped 13 percent in Amsterdam early Friday after reports that the bankrupt company may be bought. (Fri, 30 Dec 2011 09:01:35 -0800)

Dynegy bankruptcy examiner to be appointed: judge
(Reuters) - A judge ordered the appointment of an examiner for the bankruptcy of Dynegy Holdings LLC, after a bond trustee said an investigation was needed to determine whether bondholders were being treated fairly. The examiner will investigate a series of transactions that took place shortly before last month's Chapter 11 filing by the holding company for power producer Dynegy Inc, which is ... (Fri, 30 Dec 2011 09:10:24 -0800)

Tribune bankruptcy case likely to extend to summer
Media company Tribune Co. likely won't emerge from bankruptcy protection until at least this summer. (Fri, 30 Dec 2011 09:27:34 -0800)

Madoff Son Must Face $198 Million Suit in Bankruptcy Court
Bernard Madoff’s son Andrew must submit to a bankruptcy judge’s decision to permit a $198 million lawsuit to go forward because he sought that court’s protection when he filed a claim against his father’s estate, a federal judge said. (Fri, 30 Dec 2011 12:27:36 -0800)

Lion's Choice franchisee files for bankruptcy
Valley Beef LLC, a franchisee of five St. Louis area Lion's Choice restaurants, has filed for bankruptcy. (Fri, 30 Dec 2011 12:38:36 -0800)

Bashas' bankruptcy filing sends shock to fragile economy
Bashas' initial closure of 10 stores and the elimination of about 1,000 jobs could be just the beginning. (Fri, 30 Dec 2011 15:10:05 -0800)

Judge Ihlenfeldt helped shape bankruptcy practice
Dale Ihlenfeldt, who served as a bankruptcy judge in Milwaukee for nearly 30 years, has died after a fight with cancer. He was 92. (Fri, 30 Dec 2011 19:27:41 -0800)

Jefferson bankruptcy suit attracts brigade of lawyers
Most lawyers in Jefferson bankruptcy suit represent creditors. (Sat, 31 Dec 2011 09:10:00 -0800)

AES Eastern Energy Files for Bankruptcy Protection
AES Eastern Energy Limited Partnership and 13 affiliated entities today filed petitions for relief under Chapter 11 in the United States Bankruptcy Court for the District of Delaware. (Sat, 31 Dec 2011 11:26:00 -0800)


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