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Home > Bankruptcy News

Bankruptcy News Jan 2012

Study: Reform increased cost to file bankruptcy
The 2005 bankruptcy reform law has made the bankruptcy system costlier and more cumbersom for debtors and bankruptcy professionals, according to a study released by the American Bankruptcy Institute.Since the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 took affect,... (Mon, 02 Jan 2012 02:47:25 -0800)

Ally deems ResCap bankruptcy too risky
WASHINGTON, Jan. 2 (UPI) -- U.S. mortgage service giant ResCap, which owes Ally Bank $1.2 billion by April, will not be hip-checked into bankruptcy, sources told the New York Post. (Mon, 02 Jan 2012 09:46:48 -0800)

AES Corp. subsidiary files for bankruptcy
The AES Corp. said Tuesday that a subsidiary, AES Eastern Energy, has filed for Chapter 11 bankruptcy protection after struggling with high coal costs and declining power prices. (Tue, 03 Jan 2012 08:52:03 -0800)

Michael's Fresh Market files for bankruptcy
Michael's Fresh Market, which has six stores in the Chicago area , has filed for Chapter 11 bankruptcy, a predicament that it blames on a lending freeze imposed by struggling Premier Bank of Wilmette. (Tue, 03 Jan 2012 12:40:43 -0800)

DealBook: Big Bus Operator Files for Bankruptcy
Coach America, one of the country's biggest bus operators, said that its decision to file for Chapter 11 protection arose not from business difficulties but from the burden imposed by its big debt load. (Tue, 03 Jan 2012 14:23:22 -0800)

First Person: Why I Didn’t Choose Bankruptcy to Settle My Debt
*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. (Tue, 03 Jan 2012 15:11:00 -0800)

Area bankruptcy filings fall
The number of bankruptcy filings in northwest Ohio last year fell to the lowest level since 2007, but observers said that doesn't necessarily mean fewer people are in financial crisis. (Tue, 03 Jan 2012 21:05:45 -0800)

12 don'ts in filing for bankruptcy in 2012
Many people find themselves in financial turmoil and finally decide that enough is enough; it's time to file bankruptcy. The goal is for a fresh start from the monthly burden of trying to pay bills when ... (Wed, 04 Jan 2012 00:02:16 -0800)

Pilot files claim in Martino bankruptcy, saying plane that crashed was modified
A New Mexico man who blames consumer advocate Tom Martino for a crash that demolished an experimental airplane the radio personality once owned now wants him to pay for the ensuing pile of bills. (Wed, 04 Jan 2012 00:21:41 -0800)

12 bankruptcy don'ts for 2012
Many people find themselves in financial turmoil and finally decide that enough is enough; it's time to file bankruptcy. The goal is for a fresh start from the monthly burden of trying to pay bills when there is not enough income to do so. (Wed, 04 Jan 2012 03:33:19 -0800)

Trident files for Chapter 11 bankruptcy protection
Entropic Communications will spend $55 million acquiring assets from Trident Microsystems Inc., which is under Chapter 11 bankruptcy protection.Trident has asked the Delaware bankruptcy court to approve ... (Wed, 04 Jan 2012 05:49:03 -0800)

Personal Bankruptcy Canada: Decrease of Nearly 20 Percent in Canadian Personal Bankruptcy Filings in 2011 - Consumer ...
Personal Bankruptcy Canada Highlights Reduction in Bankruptcies Filed and Rise in Consumer Proposals Across Canadian Provinces Compared to 2010Calgary, Alberta (PRWEB) January 04, 2012 Despite an uncertain global economy, levels of bankruptcy have actually decreased by 19.1 percent across Canada, according to the Canadian Office of the Superintendent of Bankruptcy. ... (Wed, 04 Jan 2012 07:03:12 -0800)

Kodak Set to Declare Bankruptcy [REPORT]
Eastman Kodak will file for Chapter 11 bankruptcy protection over coming weeks unless it can sell its collection of digital patents, according to a report. (Wed, 04 Jan 2012 07:48:05 -0800)

WSJ: Kodak Preparing for Bankruptcy
Eastman Kodak Co. is preparing for bankruptcy in the “coming weeks” in case efforts to sell its patents fall through, the Wall Street Journal reported on Wednesday. The photography and imaging equipment company has long struggled with revamping itself as a technology company amid advancements... (Wed, 04 Jan 2012 11:36:20 -0800)

Kodak Readies Bankruptcy Filing: Report
Eastman Kodak is reportedly preparing for a potential bankruptcy filing as early as this month if the company’s last-ditch effort to unload more than 1,000 patents fails. (Wed, 04 Jan 2012 12:42:24 -0800)

Former Morgan Creek files for Chapter 11 bankruptcy
LOS ANGELES (TheWrap.com) - A company that owns rights to Morgan Creek's international library has filed for Chapter 11 bankruptcy protection. The Bermuda-based Inverness Distribution Ltd., filed papers in Bankruptcy Court in New York on December 30. It already had filed for Chapter 15 bankruptcy protection. Under Chapter 15, Inverness was shielded from lawsuits from creditors in the U.S. The ... (Wed, 04 Jan 2012 21:06:40 -0800)

Kodak bankruptcy report spooks stock holders
Wall Street Journal says Kodak preparing for bankruptcy filing "in the coming weeks"; Shares plummet to 47 cents (Thu, 05 Jan 2012 01:05:53 -0800)

Kodak develops plans for bankruptcy
Eastman Kodak has begun preparations for a possible bankruptcy filing even as it continues to pursue asset sales to raise much-needed cash, according to people familiar with the increasingly difficult financial situation at the company. (Thu, 05 Jan 2012 02:47:16 -0800)

Jefferson County bankruptcy hearings resuming
Hearings on Jefferson County's record-setting Chapter 9 bankruptcy filing resume today, with U.S. Bankruptcy Judge Thomas Bennett scheduled to consider separate motions from the sheriff's office and from landlords who hold leases on the county's satellite courthouses. (Thu, 05 Jan 2012 04:40:00 -0800)

Phoenix-area bankruptcy filings fall
The Valley's bankruptcy picture ended 2011 on a clear note of improvement, as the number of filings dropped to its lowest level in nearly three years. (Thu, 05 Jan 2012 05:31:06 -0800)

Kodak bankruptcy: Photographers mourn
When a brand whose name is nearly synonymous with photography prepares to file for bankruptcy, photographers, naturally, are a bit upset. According to a Wall Street Journal report, Kodak , the 131-year-old photography company, is preparing for a Chapter 11 filing. If the company cannot sell its cache of 1,100 digital-imaging patents — which could fetch from $2 million to $3 billion —Kodak will ... (Thu, 05 Jan 2012 07:32:00 -0800)

Bankruptcy protection: Kodak makes moves to stave it off
Kodak may file for bankruptcy protection, as analysts wonder if the company will find a buyer for its trove of patents. Bankruptcy protection could hit 'in the coming weeks,' according to one report. (Thu, 05 Jan 2012 11:52:23 -0800)

Jefferson County Bankruptcy Judge Limits Power of Sewer System’s Receiver
The bankruptcy of Jefferson County, Alabama, limits the power of the receiver who runs the county’s insolvent sewer system on behalf of bondholders owed more than $3 billion, a judge ruled. (Fri, 06 Jan 2012 11:22:34 -0800)

Macey Bankruptcy Law Supports the Cameron Can Foundation
CHICAGO, IL-- - Macey Bankruptcy Law Senior Partner Jeffrey Aleman has made a generous donation to the Cameron Can Foundation, which was founded to help provide financial support to families with children ... (Fri, 06 Jan 2012 14:04:00 -0800)

Bankruptcy trustee seeks sanctions against Martino
The bankruptcy trustee overseeing Troubleshooter Tom Martino's case says the consumer advocate who has made a fortune from "shining a bright light" on bad practices isn't at all happy with having it shone back on him. (Fri, 06 Jan 2012 14:50:47 -0800)

Bankruptcy trustee, "Troubleshooter" Martino feud over ongoing scrutiny
The bankruptcy trustee overseeing "Troubleshooter" Tom Martino's case says the consumer advocate who has made a fortune from "shining a bright light" on bad practices isn't at all happy with having it shone back on him. (Sat, 07 Jan 2012 00:21:08 -0800)

Bankruptcy filings down in 2011, but some fear 2012 rebound
Bankruptcies in the greater Capital Region plunged last year to their lowest level since 2007. (Sat, 07 Jan 2012 14:07:00 -0800)

Filings for bankruptcy decreased all of 2011
Bankruptcy filings maintained their downward pace all of last year, as the total number of new cases in the Buffalo Niagara region fell 18 percent for the full year. (Mon, 09 Jan 2012 03:04:16 -0800)

Harrisburg bankruptcy filing has already cost taxpayers $380K in legal fees
The fight over Harrisburg’s bankruptcy filing has cost taxpayers $380,000 since the battle began at the end of September. An end to the fees isn’t in sight as City Council appeals two court decisions preventing the debt-strapped city from seeking federal municipal bankruptcy protection. (Mon, 09 Jan 2012 06:40:05 -0800)

Trailer Bridge bankruptcy hits speed bump
Trailer Bridge Inc.’s fast track out of bankruptcy has hit a speed bump as the Jacksonville-based marine and truck company still hasn’t filed its Chapter 11 reorganization plan. (Mon, 09 Jan 2012 08:31:43 -0800)

Help Filing for Bankruptcy Without a Fee
You need money to pay a lawyer when filing bankruptcy, but there may be ways around it. (Mon, 09 Jan 2012 11:56:27 -0800)

Bankruptcy Trustee Embezzlement Case Takes Unusual Turn
A long-standing dispute in bankruptcy court between a North Branford woman and a former bankruptcy trustee accused of embezzling funds has spilled into criminal court. (Mon, 09 Jan 2012 14:10:44 -0800)

Bankruptcy filings by big firms fell 17% last year
Eighty-eight publicly traded companies filed for Chapter 11 or Chapter 7 bankruptcy in 2011, down from 106 in 2010. It's the third straight annual decline since a surge during the financial crisis. Fewer big companies are going out of business. (Mon, 09 Jan 2012 16:46:47 -0800)

Student Loans and Bankruptcy - The Debate Continues
?? ???? Alan Collinge recently contributed a piece on the idea of allowing student loans to be discharged in bankruptcy.?? It sparked quite a few comments and he has returned to address them systematically ?? ?? . Returning Bankruptcy Protections to Student Loans, in Practice I recently wrote a piece in this column showing why ... (Tue, 10 Jan 2012 03:55:19 -0800)

ShoreBank files for Ch. 11 bankruptcy
When ShoreBank Corp. filed for Chapter 11 bankruptcy on Monday, it had 79 shareholders on the books. Their stock became worthless when the company's socially conscious South Side lender failed in 2010. (Tue, 10 Jan 2012 05:15:44 -0800)

Belfast Judge Blocks Bankruptcy in Northern Ireland
Sean Quinn, once considered Ireland's richest man, sought to declare bankruptcy in Northern Ireland rather than across the border in the Republic of Ireland, where terms are considerably tougher. (Tue, 10 Jan 2012 05:41:53 -0800)

Bankruptcy ruling blow for Quinn
Former tycoon Sean Quinn could be effectively barred from relaunching his business career after a Northern Irish court ruled that his bankruptcy should be dealt with in Dublin. (Tue, 10 Jan 2012 08:38:48 -0800)

UK bankruptcy of Ireland's former richest man annulled
BELFAST (Reuters) - A British court has annulled the bankruptcy of Sean Quinn, once the Republic of Ireland's richest man, in a victory for Irish Bank Resolution Corp which has been pursuing debts of up to 2.9 billion euros (2.4 billion pounds). IBRC, formerly Anglo Irish Bank, which has a court order in the Republic of Ireland ordering Quinn to pay back 1.7 billion euros, had said he should be ... (Tue, 10 Jan 2012 09:00:03 -0800)

Kodak restructures amid bankruptcy battle
US photography giant Eastman Kodak, fighting to keep bankruptcy at bay, announced Tuesday a major restructuring to speed up its transformation into a digital company. (Tue, 10 Jan 2012 09:04:18 -0800)

Bankruptcy Attorney Firm Macey Bankruptcy Law Says Unfair Collection Practices Could Have Been Prevented
CHICAGO, IL-- - According to the Fair Debt Collection Practices Act and the United States Bankruptcy Code, it is illegal to pursue debts that have previously been dissolved by a bankruptcy court judge. ... (Tue, 10 Jan 2012 15:35:00 -0800)

Twinkies maker Hostess seeks bankruptcy protection
Hostess Brands Inc., the maker of Twinkies and Wonder Bread, is seeking bankruptcy protection, blaming its pension and medical benefits obligations, increased competition and tough economic conditions. (Wed, 11 Jan 2012 05:39:35 -0800)

Hostess returns to bankruptcy over pensions
(Reuters) - Twinkies and Wonder Bread maker Hostess Brands Inc filed for bankruptcy protection for the second time in less than three years, after failing to reach an agreement with workers on pension and health benefits. Hostess' declining financial performance, crippling legacy costs associated with its pension plans and massive debt levels led the company to Chapter 11 bankruptcy, court ... (Wed, 11 Jan 2012 05:48:54 -0800)

Twinkie-Maker Hostess Files for Bankruptcy Citing Pensions
Hostess Brands Inc., the maker of Twinkies snack cakes and Wonder bread, fell back into bankruptcy less than three years after completing an earlier restructuring. (Wed, 11 Jan 2012 07:18:14 -0800)

Bankruptcy judge approves Dodgers settlement with Fox Sports, clearing way for sale of team
WILMINGTON, Del. — A bankruptcy judge on Wednesday approved a settlement between the Los Angeles Dodgers and Fox Sports that clears the way for a sale of the team. The settlement approved at a hearing in Delaware ends a contentious legal battle between the ball club and Fox. Read full article >> (Wed, 11 Jan 2012 07:48:57 -0800)

Bankruptcy judge signs off on Yarnell's sale
A federal bankruptcy judge has signed off on the $1.3 million sale of Searcy-based Yarnell's Ice Cream to Schulze & Burch Biscuit Co. (Wed, 11 Jan 2012 08:02:44 -0800)

Twinkies will keep coming despite bankruptcy
Rest easy, Twinkie lovers: Hostess Brands, the storied American manufacturer of snack cakes, filed for Chapter 11 bankruptcy Wednesday, but said it will continue to churn out Ho Hos, Ding Dongs and other iconic products. (Wed, 11 Jan 2012 08:23:21 -0800)

How brands survive bankruptcy
Neither bankruptcy nor a liquidation can kill iconic brands. (Wed, 11 Jan 2012 13:14:34 -0800)

Dynegy bankruptcy examiner appointed
(Reuters) - A lawyer involved in several major recent bankruptcies has been named the examiner for the bankruptcy of Dynegy Holdings LLC and will investigate whether the company is treating bondholders fairly. The appointment of Susheel Kirpalani, chairman of the bankruptcy and restructuring group at Quinn Emanuel Urquhart & Sullivan, was made by the U.S. Trustee's office and disclosed in a ... (Wed, 11 Jan 2012 18:02:34 -0800)

Bankruptcy filing no 'Ho Ho' for Twinkies maker
Hostess Brands, having already filed once for Chapter 11 bankruptcy, is the latest company to commit serial bankruptcy - what jokesters call the dreaded "Chapter 22." After having emerged from that earlier bankruptcy in February 2009, the beloved maker of Twinkies, Wonder Bread and Ho Hos is headed back a ... (Wed, 11 Jan 2012 18:16:50 -0800)

Why bankruptcy isn't a brand killer
Neither bankruptcy nor a liquidation can kill iconic brands. (Wed, 11 Jan 2012 19:19:10 -0800)

Sports agent Leigh Steinberg files for bankruptcy
Sports agent Leigh Steinberg filed for bankruptcy protection Wednesday, saying he takes responsibility for debts of several million dollars."I just lost track while I was in rehab," Steinberg ... (Wed, 11 Jan 2012 23:39:08 -0800)

Agent Steinberg files for bankruptcy protection
SANTA ANA, Calif. (AP) --Sports agent Leigh Steinberg filed for bankruptcy protection Wednesday, saying he takes responsibility for debts of several million dollars. (Thu, 12 Jan 2012 05:14:13 -0800)

Watch: Hostess bankruptcy inspires life and times video of Twinkies
News that the maker of the iconic American pre-packaged Twinkies cake has filed for bankruptcy has inspired a cheeky look at the life and times of the spongey, cream-filled pastry by a Taiwanese digital animator. (Fri, 13 Jan 2012 02:49:38 -0800)

Bankruptcy fears again hit Kodak's stock
Shares of Eastman Kodak Co. are falling sharply amid renewed fears that the embattled photography pioneer is preparing to file for bankruptcy protection. (Fri, 13 Jan 2012 09:47:19 -0800)

Bankruptcy Court Approves Washington Mutual, Inc. Disclosure Statement
SEATTLE , Jan. 13, 2012 /PRNewswire/ -- Washington Mutual, Inc. (Pink Sheets: WAMUQ) ("WMI" or the "Company") today announced that the United States Bankruptcy Court for the District ... (Fri, 13 Jan 2012 12:04:00 -0800)

WaMu creditors to vote on bankruptcy plan
(Reuters) - Washington Mutual Inc said on Friday it has won court approval to send its latest reorganization plan to creditors for a vote, and hopes to end its nearly 3-1/2-year-old bankruptcy by the end of February. Once the largest U.S. savings and loan, Washington Mutual expects to distribute more than $7 billion to creditors after it emerges from Chapter 11. A hearing to confirm its ... (Fri, 13 Jan 2012 12:34:24 -0800)

In bankruptcy, AMR suddenly becomes hot topic
With the worst recent financial record in the industry and poisonous labor relations, American Airlines wasn't a very attractive target for buyers.That view is changing now that American and parent AMR ... (Fri, 13 Jan 2012 14:44:58 -0800)

Wisconsin bankruptcy filings drop 10% in 2011
Lawyers cautioned that while fewer bankruptcies may be a dose of good economic news, conditions haven't improved enough yet to expect a big drop in people declaring themselves insolvent. (Sat, 14 Jan 2012 00:36:37 -0800)

Bankruptcy Filings Declined in 2011
Bankruptcies declined nearly 12 percent in the United States in 2011 from a year earlier. (Sat, 14 Jan 2012 01:15:43 -0800)

Kodak Said in Talks With Citigroup on Bankruptcy Financing
Eastman Kodak Co. is in advanced talks with Citigroup Inc. to provide bankruptcy financing as the unprofitable imaging company prepares for a potential filing, said three people familiar with the matter. The stock plunged. (Sat, 14 Jan 2012 05:33:24 -0800)

Bankruptcy fears again hit Kodak's stock
Bankruptcy fears again hit Kodak's stock ROCHESTER, N.Y. (AP) — Shares of Eastman Kodak Co. are falling sharply amid renewed fears that the embattled photography pioneer is preparing to file for bankruptcy protection. Citing three unidentified people familiar with the negotiations, Bloomberg says Kodak may seek protection from creditors within weeks, then hold an auction to sell its digital ... (Sat, 14 Jan 2012 14:23:13 -0800)

Bankruptcy of former SynCare president sheds light on Medicaid debacle
Filing also shows Clayton-based Centene Corp. had deep ties to SynCare, which now owes Centene $2 million (Sat, 14 Jan 2012 16:28:01 -0800)

Biz Brain: Refinance mortgage after bankruptcy
Unfortunately, while a refinance could save you money each month, it could have an impact on your bankruptcy. (Sun, 15 Jan 2012 03:58:56 -0800)

Bankruptcy trustees grill monk at hearing
GALESBURG , Ill. --- A pair of federal bankruptcy trustees and a private attorney grilled the leader of the Buchanan Abbey under oath Friday afternoon. (Sun, 15 Jan 2012 06:18:25 -0800)

Conference on bankruptcy set for Monday
Attorneys and credit counselors are gearing up for a meeting on bankruptcy as the number of consumer bankruptcy filings is declining both nationwide and in Massachusetts, says American Consumer Credit Counseling, a Newton-based nonprofit that offers consumer credit counseling services and that plans to attend the meeting. The meeting, set for Monday at Suffolk University Law School in Boston, is ... (Sun, 15 Jan 2012 11:07:36 -0800)

Kodak Said in Talks With Citigroup on Bankruptcy Financing
Eastman Kodak Co. is in advanced talks with Citigroup Inc. to provide bankruptcy financing as the unprofitable imaging company prepares for a potential filing, said three people familiar with the matter. The stock plunged. (Sun, 15 Jan 2012 19:27:13 -0800)

Bankruptcy keeps Ireland's Quinn out of business
DUBLIN (Reuters) - Ireland's High Court declared Sean Quinn, once the country's richest men, bankrupt on Monday, preventing the former tycoon from returning to the corporate arena for at least five years ... (Mon, 16 Jan 2012 06:06:55 -0800)

Irish Tycoon Declares Bankruptcy
Ireland's one-time richest person declared bankrupt, owes state-owned bank euro2.1 billion (Mon, 16 Jan 2012 08:56:47 -0800)

Bankruptcy
Sponsored by Deborah L. Raymond 445 Marine View Avenue, Suite 305 Del Mar (858) 481-9559 Se Habla Espanol www.bankruptcyhelpsd.com Sponsored by Deborah L. Raymond 445 Marine View Avenue, ... (Mon, 16 Jan 2012 19:28:54 -0800)

Fort Worth-area bankruptcy filings fell 14 percent last year
The decrease mirrors a national trend but doesn't necessarily indicate a strengthening economy, experts say. (Mon, 16 Jan 2012 20:40:33 -0800)

Trailer Bridge Reaches Agreement with Note Holders to Restructure Company; Submits Bankruptcy Plan
Trailer Bridge, Inc. today announced that it has reached an agreement with its major note holders and submitted a restructuring plan to the United States Bankruptcy Court for the Middle District of Florida on January 14, 2012. (Tue, 17 Jan 2012 05:30:00 -0800)

Kodak Said in Talks With Citigroup on Bankruptcy Financing
Eastman Kodak Co. is in advanced talks with Citigroup Inc. to provide bankruptcy financing as the unprofitable imaging company prepares for a potential filing, said three people familiar with the matter. The stock plunged. (Tue, 17 Jan 2012 08:21:48 -0800)

Bankruptcy trustee charges ex-owners looted Giordano's
As the Giordano's pizza chain struggled to pay its debts, the former owners were "looting" the company of millions of dollars through "large and unjustified" salary increases as well as payments that covered their personal debts, according to a lawsuit by the bankruptcy trustee. (Tue, 17 Jan 2012 10:48:14 -0800)

Bankruptcy: End of January a Popular Time to File
At the end of January, Springettsbury Township, Pa., bankruptcy attorney Timothy Baker sees an influx of clients hoping to clean financial house. By this time, the tree is down. The holiday splurge is over. (Tue, 17 Jan 2012 13:02:14 -0800)

2011 Oklahoma bankruptcy filings down
Oklahoma bankruptcies: Filing down statewide, but rise 10 percent in Oklahoma City-based district. (Tue, 17 Jan 2012 19:14:12 -0800)

Catalyst Paper Seeks U.S. Bankruptcy Protection Amid Canada Reorganization
Catalyst Paper Corp. (CTL) , a Canadian newsprint maker, sought bankruptcy protection from U.S. creditors requesting recognition of its main Canadian court proceeding. (Wed, 18 Jan 2012 06:25:12 -0800)

Buffets Restaurants seeks bankruptcy protection
Buffets Restaurants Holdings Inc. has filed for Chapter 11 bankruptcy protection for a second time and plans to shut 81 underperforming restaurants as it tries to cope with its debt. (Wed, 18 Jan 2012 13:38:11 -0800)

Kodak files for bankruptcy, secures financing
Eastman Kodak Co filed for bankruptcy on Thursday in a bid to survive a liquidity crisis after years of falling sales related to the decline of its namesake film business. (Wed, 18 Jan 2012 22:04:56 -0800)

Kodak Files for Chapter 11 Bankruptcy Protection
The Eastman Kodak Co. announced today that it has filed for chapter 11 bankruptcy. The photography and imaging equipment company and its U.S. subsidiaries “filed voluntary petitions for the reorganization in the U.S. Bankruptcy Court for the Southern District of New York,” according to a... (Wed, 18 Jan 2012 22:16:50 -0800)

Kodak Files for Bankruptcy
Kodak officially filed for Chapter 11 bankruptcy late last night, ending recent speculation that the iconic camera and film company with a history going back more than 130-years was doomed. The company has been given an 18-month emergency loan from Citibank that a provides a $950 million lifeline that will help it operate and continue to pay its 17,000 employees while it tries to reorganize. (Thu, 19 Jan 2012 02:31:42 -0800)

Kodak files for Ch. 11 bankruptcy protection
Photography icon Eastman Kodak has filed for Chapter 11 bankruptcy protection, as it seeks to boost its cash position and stay in business. (Thu, 19 Jan 2012 04:14:39 -0800)

Kodak Files for Bankruptcy, Targets Samsung in Patent Lawsuit
Kodak files for bankruptcy and files a patent infringement lawsuit against Samsung. (Thu, 19 Jan 2012 06:15:18 -0800)

Photo pioneer Kodak files for bankruptcy
Century-old photography pioneer Eastman Kodak, which brought photography to the masses, filed for bankruptcy early Thursday, succumbing to a 15 year digital assault by rivals. (Thu, 19 Jan 2012 07:50:02 -0800)

AMR Risks Losing Control of Bankruptcy Exit as Suitors Circle
American Airlines parent AMR Corp. risks losing control of its ability to exit bankruptcy as an independent carrier after three possible suitors emerged within two months of its Chapter 11 filing. (Thu, 19 Jan 2012 07:53:37 -0800)

Kodak Faces Tough Road In Bankruptcy Court
Eastman Kodak filed for Chapter 11 bankruptcy protection Thursday, and the research arm of the firm financing the company’s reorganization effort has big questions about its ability to emerge as a viable business. (Thu, 19 Jan 2012 09:02:07 -0800)

Photography pioneer Kodak files for bankruptcy
(Reuters) - Eastman Kodak Co, the photography icon that invented the hand-held camera, has filed for bankruptcy protection and plans to shrink significantly after a prolonged plunge for one of America's best-known companies. The Chapter 11 filing may give Kodak, which traces its roots to 1880, the ability to find buyers for some of its 1,100 digital patents, a major portion of its value. Kodak ... (Thu, 19 Jan 2012 09:17:13 -0800)

Jefferson County Bankruptcy Judge Says Sewer Debt Has No ‘Statutory Lien’
The judge overseeing the bankruptcy of Jefferson County, Alabama, said he didn’t intend to protect its defaulted sewer bonds with a “statutory lien” in his ruling regarding the county’s insolvent sewer system. (Thu, 19 Jan 2012 14:25:20 -0800)

Kodak Bankruptcy May Bet on Digital Printing
As Eastman Kodak Co. (EK) investors bet the 131-year-old photographic pioneer was headed for bankruptcy, the company decided Chapter 11 was the simplest way to become the digital printing specialist it aspires to be. (Thu, 19 Jan 2012 17:35:53 -0800)

Kodak bankruptcy dims once bright Hollywood star
LOS ANGELES (Reuters) - Kodak's star may never shine again in Hollywood. The bankruptcy of the American icon that invented the handheld camera is reverberating beyond Wall Street and around the world's entertainment capital. Insiders say Hollywood may be on the verge of scaling back a decades-old symbiotic relationship, and seeking business alternatives. Kodak's star began to fade in the late ... (Thu, 19 Jan 2012 18:58:41 -0800)

Photography pioneer Kodak files for bankruptcy
(Reuters) - Eastman Kodak Co, the photography icon that invented the hand-held camera, has filed for bankruptcy protection and plans to shrink significantly, capping a prolonged plunge for one of America's best-known companies. The Chapter 11 filing makes Kodak one of the biggest corporate casualties of the digital age, after it failed to quickly embrace more modern technologies such as the ... (Thu, 19 Jan 2012 18:58:41 -0800)

Blacks Face Bias in Bankruptcy, Study Suggests
A new survey found that lawyers were more likely to steer whites to Chapter 7 of the bankruptcy code and blacks to the more expensive Chapter 13. (Thu, 19 Jan 2012 20:08:31 -0800)

Kodak Bankruptcy May Bet on Printing, Shed Photography
As Eastman Kodak Co. investors betthe 131-year-old photographic pioneer was headed for bankruptcy,the company decided Chapter 11 was the simplest way to becomethe leaner digital printing specialist it ... (Thu, 19 Jan 2012 21:00:01 -0800)

Blacks Face Bias in Bankruptcy, Study Suggests
A new survey found that lawyers were more likely to steer whites to Chapter 7 of the bankruptcy code and blacks to the more expensive Chapter 13. (Fri, 20 Jan 2012 03:12:51 -0800)

Blacks Face Bias in Bankruptcy, Study Suggests
A new survey found that lawyers were more likely to steer whites to Chapter 7 of the bankruptcy code and blacks to the more expensive Chapter 13. (Fri, 20 Jan 2012 05:04:45 -0800)

Los Angeles Dodgers File Bankruptcy Exit Plan Based on Auction of Team
The Los Angeles Dodgers filed a reorganization plan for exiting bankruptcy and paying all its debts once it concludes an auction of the Major League Baseball club. (Fri, 20 Jan 2012 10:54:40 -0800)

Dodgers File Bankruptcy Exit Plan Based on Team’s Auction
The Los Angeles Dodgers filed a plan to exit bankruptcy by April 30 and pay all debts after concluding an auction of the Major League Baseball club. (Fri, 20 Jan 2012 12:44:20 -0800)

Dodgers file bankruptcy reorganization plan
The Los Angeles Dodgers filed a proposed bankruptcy reorganization plan Friday, a little more than a week after resolving a court fight with Fox Sports that threatened plans to sell the ball club. (Fri, 20 Jan 2012 12:45:13 -0800)

Kodak's Bankruptcy: Another Casualty of the Digital Revolution
This marks a sad, though not unexpected, milestone for an American corporate icon that pioneered consumer photography and dominated the film market for decades (Sat, 21 Jan 2012 13:48:53 -0800)

Bankruptcy protection: Kodak gets a year to reorganize
Bankruptcy protection, sought by Kodak Thursday, gives company until Feb. 15, 2013, to offer reorganization plan. Kodak expects to continue normal operations during bankruptcy protection. (Sat, 21 Jan 2012 16:46:14 -0800)

Bankruptcy trustee in Durham case files suit to recover money
A bankruptcy trustee is suing businesses and people who received money from embattled Indianapolis businessman Tim Durham. Durham's mother, Mitza Durham, and prominent Indianapolis law firm Voyles Zahn Paul Hogan and Merriman are among those named in complaints filed this week by the bankruptcy trustee for Ohio-based Fair Finance. (Sat, 21 Jan 2012 22:47:09 -0800)

Kodak Bankruptcy May Shed Photography, Bet on Digital Printing
As Eastman Kodak Co. investors bet the 131-year-old photographic pioneer was headed for bankruptcy, the company decided Chapter 11 was the simplest way to become the leaner digital printing specialist it aspires to be. (Sun, 22 Jan 2012 03:13:55 -0800)

Jefferson County bankruptcy: Sewer receiver and creditors to appeal judge's ruling
Bankruptcy judge's orders have served to strip John Young of his powers to operate the county's sewer system (Sun, 22 Jan 2012 11:58:39 -0800)

Kodak Bankruptcy May Shed Photography, Bet on Digital Printing
As Eastman Kodak Co. investors bet the 131-year-old photographic pioneer was headed for bankruptcy, the company decided Chapter 11 was the simplest way to become the leaner digital printing specialist it aspires to be. (Sun, 22 Jan 2012 22:57:55 -0800)

Discharging student loan in bankruptcy requires major hardship
Want to declare bankruptcy and wash your hands of that troublesome student loan? Our expert says that it's not that easy (Mon, 23 Jan 2012 04:00:00 -0800)

Bankruptcy Filing Leads to Discrimination For Blacks
Whether consciously or unconsciously, bankruptcy lawyers are more likely to steer blacks towards options that will not benefit them financially. (Mon, 23 Jan 2012 06:32:09 -0800)

Kodak Files for Bankruptcy as Digital Era Spells End to Film
Eastman Kodak Co., the photography pioneer that introduced its $1 Brownie Camera more than a century ago, filed for bankruptcy protection from creditors after consumers worldwide moved from film to digital technology. (Mon, 23 Jan 2012 09:58:04 -0800)

Ahern Rentals Creditors Committee Objects To Bankruptcy Loan
The committee of unsecured creditors in Ahern Rentals Inc.'s bankruptcy case is objecting to the company's $350 million bankruptcy loan, saying the loan is "unduly burdensome" to the company's estate. (Mon, 23 Jan 2012 10:45:30 -0800)

Judge confirms Lee Enterprises' bankruptcy plan
Confirmation paves the way for Lee to exit bankruptcy on Jan. 30. (Mon, 23 Jan 2012 12:17:35 -0800)

Memo: Bush administration considered bankruptcy filings for GM, Chrysler
The Bush administration considered requiring bankruptcy filings by General Motors and Chrysler months before they actually did so, a new document shows. (Mon, 23 Jan 2012 13:13:56 -0800)

Evergreen Energy Files for Bankruptcy, Cites Lack of Financing
Evergreen Energy Inc. (EVEI) , a developer of alternative fuel products, filed for bankruptcy protection , saying it was impossible to maintain operations with a lack of financing. (Mon, 23 Jan 2012 22:54:40 -0800)

Which debts can be discharged in bankruptcy?
Dear Bankruptcy Adviser,I have debts in the form of credit cards, material to suppliers, a car wreck (I was not insured and it was my fault) and a truck repo. Most of these creditors have judgments against ... (Tue, 24 Jan 2012 01:36:47 -0800)

AMR Risks Losing Control of Bankruptcy Exit as Suitors Circle
American Airlines parent AMR Corp. risks losing control of its ability to exit bankruptcy as an independent carrier after three possible suitors emerged within two months of its Chapter 11 filing. (Tue, 24 Jan 2012 01:50:48 -0800)

PSC seeks to intervene in Southern bankruptcy
Montana regulators are seeking to intervene in the bankruptcy of a troubled power cooperative, saying the state needs to shield consumers served by other utilities from any potential spillover effects. (Tue, 24 Jan 2012 08:56:58 -0800)

Judge Approves $750 Million Bankruptcy Exit Financing For Grocer A&P
WHITE PLAINS, N.Y. -(Dow Jones)- A judge Tuesday moved Great Atlantic & Pacific Tea Co. (GAPTQ) one step closer toward exiting its complicated bankruptcy by approving a $750 million financing package for the owner of the A&P grocery chain. (Tue, 24 Jan 2012 13:47:18 -0800)

Kodak Said in Talks With Citigroup on Bankruptcy Financing
Eastman Kodak Co. is in advanced talks with Citigroup Inc. to provide bankruptcy financing as the unprofitable imaging company prepares for a potential filing, said three people familiar with the matter. The stock plunged. (Wed, 25 Jan 2012 04:43:05 -0800)

Bankruptcy laws reform proposed
The Republic of Ireland's justice minister publishes proposals aimed at reforming the country's tough bankruptcy laws. (Wed, 25 Jan 2012 06:41:39 -0800)

Ireland to slash bankruptcy term to 3 years
* Maximum bankruptcy term to be cut to 3 years from 12 * Govt expects numbers to surge from 30 to 3,000 per year * Struggling mortgage holders have non-judicial alternative * Fin min says banks will not ... (Wed, 25 Jan 2012 08:03:25 -0800)

Bankruptcy judge may vacate prior WaMu ruling
A Delaware bankruptcy judge has granted Washington Mutual's request that she consider vacating parts of a September ruling in which she rejected the bank holding company's reorganization plan for the second time. (Wed, 25 Jan 2012 08:29:14 -0800)

Bankruptcy judge disbands EpiCentre creditors group
Latest twist in long-running, contentious case, a move legal experts say is unprecedented and could hurt voices of smallest companies owed money by entertainment giant. (Wed, 25 Jan 2012 20:42:44 -0800)

Bankruptcy filings in Colorado end five years of upticks
Fewer Colorado consumers and businesses filed for bankruptcy protection last year, reversing a five-year run of annual increases. (Thu, 26 Jan 2012 00:17:05 -0800)

Neuchatel file for bankruptcy, owner Chagaev held
(Updates with bankruptcy, Chagaev arrest) (Thu, 26 Jan 2012 11:01:49 -0800)

Green Aid Recipient Ener1 Files Bankruptcy
Full content sent to and hosted by Yahoo!General NewsHealth & MedicineIndustry SnapshotNew Issue AmericaReal EstateTop 10Feature StoryInvestor's Corner (Thu, 26 Jan 2012 15:46:00 -0800)

U.S.-backed battery firm Ener1 seeks Chapter 11 bankruptcy
Another company that received backing from the U.S. Department of Energy files for Chapter 11 bankruptcy protection. (Fri, 27 Jan 2012 00:17:48 -0800)

MF Global Clients at Risk in Bankruptcy Fight
A $700 million dispute between bankruptcy administrators in London and New York threatens the return of money locked in customer accounts (Fri, 27 Jan 2012 02:15:29 -0800)

Pre-Marketing: Bankruptcy bonuses
The CEO bankruptcy bonus. Also: A who's who of Davos absentees. Why your "company culture" is a meaningless platitude. (Fri, 27 Jan 2012 05:40:55 -0800)

Bankruptcy could spark anxiety, grief in Kodak workers
The changes at Kodak brought about by bankruptcy can trigger feelings of anxiety over the unknown and grief at loss of stability.Complete Kodak coverage (Sun, 29 Jan 2012 07:32:01 -0800)

Ener1, Battery Maker, Seeks Chapter 11 Bankruptcy Protection
Ener1 Inc., the owner of a company that received a $118 million U.S. Energy Department grant to make electric-car batteries, filed for bankruptcy protection after defaulting on bond debt amid heavy competition from Asia. (Sun, 29 Jan 2012 22:06:19 -0800)

Spanair files for voluntary bankruptcy
Spanish carrier Spanair filed for voluntary bankruptcy today with liabilities of more than €300m. (Mon, 30 Jan 2012 00:37:48 -0800)

Iowa bankruptcy case asks: What's fair price for a herd of llamas?
CEDAR RAPIDS, Iowa - Federal bankruptcy officials in Iowa were bailed out of the llama business Monday, two weeks after they unwittingly got into it. (Mon, 30 Jan 2012 09:24:47 -0800)

Man Loses Llamas In Bankruptcy Case
Federal bankruptcy officials in Iowa want to get out of the llama-raising business as soon as possible. (Mon, 30 Jan 2012 09:37:36 -0800)

Spanair files for voluntary bankruptcy
Spanish carrier Spanair filed for voluntary bankruptcy Monday, officials said, three days after abruptly stopping all flights and stranding tens of thousands of passengers. (Mon, 30 Jan 2012 10:59:28 -0800)

Lee gets final approval to exit bankruptcy
A bankruptcy judge on Monday gave final approval to Lee Enterprises Inc. to refinance its debt, which enabled the newspaper publisher to exit a prepackaged Chapter 11 bankruptcy. (Mon, 30 Jan 2012 12:49:31 -0800)

Lee emerges from bankruptcy
Lee Enterprises, owner of the St. Louis Post-Dispatch, exited bankruptcy today, less than two months after the newspaper publisher announced it would seek the bankruptcy protection to push through a debt refinancing plan. (Mon, 30 Jan 2012 14:59:54 -0800)

Debts that can't be wiped out in bankruptcy
In last week's column, I discussed some common debts that could be eliminated in a bankruptcy filing. To keep it even, I'd like to talk this week about some debts that can't be discharged in bankruptcy. ... (Tue, 31 Jan 2012 00:00:58 -0800)

Bankruptcy court sells Scott's llama herd
CEDAR RAPIDS --- Barring an appeal in the next two weeks, Ryan St. Anne Scott's herd now belongs to the owners of Lluminous Llamas. (Tue, 31 Jan 2012 06:49:33 -0800)

Media Decoder Blog: Lawyers in Tribune Bankruptcy Case Take In $231 Million, and Counting
The Tribune Company, publisher of The Chicago Tribune, The Los Angeles Times and others, is in the fourth year of its bankruptcy. While the papers have cut back on reporting, the legal fees have kept rising. (Tue, 31 Jan 2012 08:52:27 -0800)

Lawyers in Tribune Bankruptcy Case Take In $231 Million, and Counting
The Tribune Company, publisher of The Chicago Tribune, The Los Angeles Times and others, is in the fourth year of its bankruptcy. While the papers have cut back on reporting, the legal fees have kept rising. (Tue, 31 Jan 2012 09:43:39 -0800)

Macey Bankruptcy Law's Jolene Umentum Wins Paralegal of the Quarter Award
CHICAGO, IL-- - The votes are in and it looks like the newest recipient of 722 Redemption Funding's Paralegal of the Quarter award is Jolene Umentum of the Macey Bankruptcy Law office in Milwaukee. This ... (Tue, 31 Jan 2012 11:11:00 -0800)

Debts That Can't Be Wiped Out in Bankruptcy
Certain debts can be covered in bankruptcy, but here are some you'll always have to pay back. (Tue, 31 Jan 2012 12:16:54 -0800)

Senior Bankruptcy Lawyer Joins Fulbright as Partner in New York
A senior bankruptcy lawyer has joined the international law firm of Fulbright & Jaworski L.L.P. (Tue, 31 Jan 2012 15:24:00 -0800)


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