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Home > Bankruptcy News

Bankruptcy News Feb 2012

United Retail Group Voluntarily Files for Chapter 11 Bankruptcy Protection
United Retail Group, owner of the Avenue® brand of women’s fashion apparel and a subsidiary of Redcats USA, today announced that it has voluntarily initiated Chapter 11 proceedings in the U.S. (Wed, 01 Feb 2012 04:12:00 -0800)

Chrysler: From bankruptcy to profit in 2 years
Chrysler Group reported its first annual profit since 2005 Wednesday, capping a comeback a little more than two years after a federal bailout, a bankruptcy filing and a takeover by Italian automaker Fiat. (Wed, 01 Feb 2012 06:29:22 -0800)

Who Benefits From Bankruptcy?
Somebody might benefit big-time from bankruptcy. Here's a hint: It's not you or I. (Wed, 01 Feb 2012 12:12:59 -0800)

Judge approves settlement in WaMu bankruptcy
A Delaware bankruptcy judge on Wednesday said she would approve a settlement between bank holding company Washington Mutual Inc. and a group of investors who had argued unsuccessfully that they held claims against it worth more than $300 million. (Wed, 01 Feb 2012 15:33:38 -0800)

Personal Bankruptcy Lawyers Forced to Reduce Rates as National Bankruptcy Filings Decline
CHICAGO, IL-- - Last year's 12 percent drop in bankruptcy filings may be good news to consumers, but for the lawyers who represent them it could mean a substantial blow to the budget.According to a recent ... (Wed, 01 Feb 2012 16:29:00 -0800)

JPMorgan slashes $710 million Lehman bankruptcy claim
(Reuters) - JPMorgan Chase & Co has agreed to drop almost all of a $710 million claim against Lehman Brothers Holdings Inc's bankruptcy estate, freeing up more money to be distributed to creditors, Lehman said on Wednesday. According to a filing by Lehman with the U.S. bankruptcy court in Manhattan, JPMorgan will drop $699.2 million of the claim. In exchange, Lehman said it will assign other ... (Wed, 01 Feb 2012 17:15:50 -0800)

Bankruptcy filings hit 5-year low
Bankruptcy filings in January in U.S. Bankruptcy Court in Toledo fell to their lowest monthly total in five years, according to figures released Wednesday. (Wed, 01 Feb 2012 21:01:32 -0800)

Harrisburg City Council Loses Second Attempt to Return City to Bankruptcy
The city council of Harrisburg (9661MF) lost a second attempt to return the capital city of Pennsylvania to bankruptcy. U.S. District Court Judge Sylvia H. Rambo in Harrisburg threw out an appeal filed by City Council attorney Mark Schwartz , ruling that the council missed a deadline to challenge a lower court ruling that dismissed the bankruptcy last year. (Thu, 02 Feb 2012 09:50:44 -0800)

American's bankruptcy fuels merger talk
American Airlines' bankruptcy has many in the industry questioning if a merger is in its future. (Thu, 02 Feb 2012 14:13:35 -0800)

American Airline bankruptcy fuels merger talk
American Airlines' bankruptcy has many in the industry questioning if a merger is in its future. (Thu, 02 Feb 2012 14:31:27 -0800)

American's bankruptcy fuels merger talk
American Airlines' bankruptcy has many in the industry questioning if a merger is in its future. (Thu, 02 Feb 2012 14:41:47 -0800)

Can bankruptcy tap surprise inheritance?
Having filed for Chapter 13, a woman discovers a surprise inheritance and worries whether she has to turn over the funds to her trustee (Fri, 03 Feb 2012 05:00:00 -0800)

American Airlines’ Bankruptcy Fuels Merger Talk
American Airlines' bankruptcy has many in the industry questioning if a merger is in its future. (Fri, 03 Feb 2012 05:00:05 -0800)

Law grads go to court for bankruptcy protection
(Reuters) - When Diana Valle decided to intern at a bankruptcy firm during law school, she had no idea how useful the experience would prove - in her own case. Shortly before graduating from the University of Maryland School of Law, the 26-year-old Valle, burdened with $150,000 in student debt and with no immediate job prospects, filed for Chapter 7 personal bankruptcy protection. "I was really ... (Fri, 03 Feb 2012 07:25:45 -0800)

BANKRUPTCY WEEK AHEAD: Judge To Take Up Confirmation Of A&P Bankruptcy-Exit Plan
After more than a year in Chapter 11, next week could see the opening of the door out of bankruptcy for Great Atlantic & Pacific Tea Co. (GAPTQ). (Fri, 03 Feb 2012 09:41:53 -0800)

Dodgers want Bryan Stow claim thrown out of bankruptcy court
The team asks a federal bankruptcy to reject claims for damages filed by Stow, who was beaten in the Dodgers Stadium parking lot on opening day last year. (Fri, 03 Feb 2012 23:49:58 -0800)

Horton Expects American to Leave Bankruptcy Alone
AMR Corp (AAMRQ) .’s American Airlines plans to exit bankruptcy as a stand-alone carrier and would consider making acquisitions afterward, Chief Executive Officer Tom Horton said. (Sat, 04 Feb 2012 06:52:35 -0800)

Bankruptcy tourism - it's not a holiday
THE RECENT INSOLVENCY STATS revealed a fall in the number of personal insolvencies in Q4 2011 compared to Q4 2010. The number of bankruptcies for the fourth quarter stood at 28,973, a decrease of 5.6% on the same period a year ago. (Mon, 06 Feb 2012 02:31:31 -0800)

AMR’s Horton Willing to Weigh Acquisitions After Bankruptcy Exit
AMR Corp.’s American Airlines, whose bankruptcy made it a possible takeover target, may try to buy a rival after leaving Chapter 11 as the U.S. industry shrinks, Chief Executive Officer Tom Horton said. (Mon, 06 Feb 2012 06:05:06 -0800)

Global Aviation, U.S. Troop Transporter, Files for Bankruptcy
Global Aviation Holdings Inc., the biggest charter-flight company for U.S. military troops, filed bankruptcy, saying it has too many planes, too much debt and spends too much on labor. (Mon, 06 Feb 2012 07:05:52 -0800)

AMR’s Horton Willing to Weigh Acquisitions After Bankruptcy
AMR Corp.’s American Airlines, whose bankruptcy made it a possible takeover target, may try to buy a rival after leaving Chapter 11 as the U.S. industry shrinks, Chief Executive Officer Tom Horton said. (Mon, 06 Feb 2012 10:35:32 -0800)

Official: Bankruptcy possible for Pa. capital
The state official in charge of figuring out how to fix an enormous financial shortfall in Pennsylvania's capital city said in a proposed recovery plan released Monday that "significant and difficult" ... (Mon, 06 Feb 2012 12:48:15 -0800)

Avoid these bankruptcy don'ts
If you're looking to make a new start, be sure you do it the right way. These moves could cause trouble. (Mon, 06 Feb 2012 17:18:17 -0800)

Corporate "Personhood" to be Tested in MF Global Bankruptcy Case
NEW YORK, Feb. 7, 2012 /PRNewswire/ -- The legal principle of "corporations are 'persons'" is set to be tested in the current MF Global bankruptcy case after a former MF Global client, Adam Furgatch ... (Tue, 07 Feb 2012 00:00:00 -0800)

Can I Lose Homes in Bankruptcy?
Whether you're inside or outside of bankruptcy, losing your homes is a possibility. (Tue, 07 Feb 2012 11:22:50 -0800)

The Oklahoma Bankruptcy Lawyers at Atkins & Markoff Alert Public to a Corporation for Enterprise Development Study ...
The Oklahoma Bankruptcy Lawyers at Atkins & Markoff Alert Public to a Corporation for Enterprise Development Study Ranking Oklahoma is 33rd U.S. in Financial Stability The Oklahoma bankruptcy attorneys at the law firm of Atkins & Markoff, whose time is dedicated to helping businesses and consumers resolve their financial difficulties by way of bankruptcy protection and other debt reduction and ... (Tue, 07 Feb 2012 12:41:09 -0800)

Bankruptcy lawyers spot 'student debt bomb'
Bankruptcy lawyers are warning about a "student debt bomb" they say is about to explode into a repeat of the mortgage bust. (Tue, 07 Feb 2012 15:35:45 -0800)

Bankruptcy filings decline in Phoenix area this year
Fewer Arizonans are turning to bankruptcy to deal with their finances, and the momentum is building. (Tue, 07 Feb 2012 17:11:18 -0800)

Student debt pushing more toward bankruptcy
More than four-fifths of bankruptcy attorneys have seen a notable jump in the number of potential clients with student loan debt, the National Assn. of Consumer Bankruptcy Attorneys says. More than four-fifths of bankruptcy attorneys have seen a notable jump in the number of potential clients with student loan debt. (Tue, 07 Feb 2012 23:14:56 -0800)

Student debt pushes more toward bankruptcy
More than four-fifths of bankruptcy attorneys have seen a notable jump in the number of potential clients with student loan debt, the National Assn. of Consumer Bankruptcy Attorneys says. More than four-fifths of bankruptcy attorneys have seen a jump in the number of potential clients with student loan debt. (Tue, 07 Feb 2012 23:55:25 -0800)

Student debt pushing more people toward bankruptcy, lawyers say
More than four-fifths of bankruptcy attorneys have seen a notable jump in the number of potential clients with student loan debt, the National Assn. of Consumer Bankruptcy Attorneys says. Student loan debt is pushing an increasing number of young people and their parents toward bankruptcy, according to a survey released Tuesday. (Wed, 08 Feb 2012 04:07:22 -0800)

Ally’s ResCap Said to Seek Buyers for Prearranged Bankruptcy
Ally Financial Inc.’s mortgage unit is talking to buyout firms including Fortress Investment Group LLC and Cerberus Capital Management LP about selling itself through a pre-packaged bankruptcy, according to people with knowledge of the matter. (Wed, 08 Feb 2012 09:32:26 -0800)

Bankruptcy lawyers: Student debt is looming economic bomb
ROCHESTER, N.Y. - Student debt is looming as a national problem that could have repercussions reminiscent of the mortgage crisis, says a report by the National Association of Consumer Bankruptcy Attorneys. (Wed, 08 Feb 2012 14:41:08 -0800)

Personal bankruptcy filings in Mass. fell 16 percent last year
Personal bankruptcy filings in Massachusetts fell 16 percent in 2011 when compared with 2010, the Warren Group reported today. (Thu, 09 Feb 2012 06:38:09 -0800)

Report: Mass. bankruptcy filings fell in 2011
Personal bankruptcy filings in the Bay State dropped 16 percent in 2011 from a year earlier, according to a new... (Thu, 09 Feb 2012 07:34:57 -0800)

Bankruptcy filings decline in Connecticut
Personal bankruptcy filings in Connecticut dropped by 14 percent to 8,518 in 2011, down from 9,887 in 2010, according to a new report from The Warren Group, publisher of The Commercial Record. Chapter 7 is the most common option for individuals who are seeking relief from their debts, and accounted for 89 percent of bankruptcy filings in Connecticut in 2011. In the fourth quarter, 1,795 filers ... (Fri, 10 Feb 2012 02:35:57 -0800)

Kodak Exiting Digital Cameras, Pocket Videos in Bankruptcy
Eastman Kodak Co., the photography pioneer that filed for bankruptcy last month, said it will phase out the unit that makes digital cameras, pocket video cameras and digital picture frames. (Fri, 10 Feb 2012 03:43:56 -0800)

BANKRUPTCY WEEK AHEAD: WaMu Seeks Chapter 11 Plan Confirmation
BANKRUPTCY WEEK AHEAD: WaMu Seeks Chapter 11 Plan Confirmation (Fri, 10 Feb 2012 09:19:36 -0800)

Creditors Object To Buffets Restaurants' Bankruptcy Loan
Creditors are objecting to Buffets Restaurants Holdings Inc.'s (BURFQ) $50 million bankruptcy loan from a group led by Credit Suisse Group AG (CS, CSGN.VX), taking aim at the "overreaching and egregious control that the lenders are trying to exert on the company." (Fri, 10 Feb 2012 10:19:00 -0800)

Bankruptcy files run by public servants badly administered: audit
OTTAWA - They're the financial files from hell — bankruptcies so badly administered that federal bureaucrats have to step in to salvage them. (Sat, 11 Feb 2012 04:30:35 -0800)

Bankruptcy judge freezes exec's assets
A federal bankruptcy judge has temporarily frozen the assets of a trust benefiting the children of a former Rhode Island nursing home executive jailed for conspiracy and embezzlement. (Sat, 11 Feb 2012 14:00:03 -0800)

American Airlines vows to bounce back from bankruptcy
Officials visiting L.A. say up to 20% more flights from the carrier's five most important hubs — New York, Los Angeles, Chicago, Dallas-Fort Worth and Miami — will be added once the airline emerges from bankruptcy. Passengers who fly American Airlines out of Los Angeles International Airport may feel uneasy about the future of the Fort Worth carrier because it filed for bankruptcy a few months ... (Mon, 13 Feb 2012 00:06:41 -0800)

Saab Dealers Driving to Maserati With Unfolding Bankruptcy: Cars
The bankruptcy of Saab Automobile has left the carmaker’s 900 dealers around the world scrambling to reinvent themselves, sometimes in creative ways. (Mon, 13 Feb 2012 00:33:58 -0800)

Kodak Exiting Digital Cameras, Pocket Videos in Bankruptcy
Eastman Kodak Co., the photography pioneer that filed for bankruptcy last month, said it will phase out the unit that makes digital cameras, pocket video cameras and digital picture frames. (Mon, 13 Feb 2012 03:43:56 -0800)

Debt management plans vs. Chapter 13 bankruptcy
Deep in debt and hit with a reduction in pay, a reader asks what her best option would be -- filing bankruptcy or paying her debt through a credit counselor (Mon, 13 Feb 2012 04:30:00 -0800)

Notice of Bankruptcy Sale of 45-Hole Golf Course, Clubhouse and Golf Dome (419 Acres) in Frankfort, Illinois Offered ...
The Debtor and Debtor in Possession, Bankruptcy Case No. 11-25934 in the United States Bankruptcy Court for the Northern District of Illinois, Eastern Division, and DSI, the Sales Agent, anticipates receiving court approval of procedures for the sale of the assets commonly known as Green Garden Country Club free and clear of liens, claims and encumbrances and authorizing the assumption of ... (Mon, 13 Feb 2012 08:00:00 -0800)

Portsmouth Seeks Bankruptcy Protection Again, Official Says
English soccer club Portsmouth will lodge a petition today to enter bankruptcy protection for the second time in two years to pay its players and creditors, its administrators said today. (Mon, 13 Feb 2012 08:48:55 -0800)

Bankruptcy chief judge stresses cooperation
Chief Judge Karen Jennemann of the U.S. Bankruptcy Court Middle District of Florida told members of the Jacksonville Bankruptcy Bar Association that she has several goals for her term, including an emphasis on civility, cooperation, collaboration and communication. (Mon, 13 Feb 2012 09:13:53 -0800)

Bankruptcy not protecting Lear from price-fixing lawsuits
Bloomberg News - Auto supplier Lear Corp. largely failed in its effort to use the company’s 2009 bankruptcy to stop antitrust lawsuits alleging a price-fixing conspiracy among manufacturers of wire harnesses. (Mon, 13 Feb 2012 09:20:01 -0800)

With Personal Bankruptcy Filings Declining, Bankruptcy Lawyers Speculate Possible Causes
CHICAGO, IL-- - A recent article from the Springfield Business Journal reports that national bankruptcy filings have dropped eight percent in the last year, leaving many bankruptcy law attorneys speculating ... (Mon, 13 Feb 2012 15:41:00 -0800)

Is bankruptcy an option with reverse mortgage?
Dear Bankruptcy Adviser,If somebody has a reverse mortgage, could he file for bankruptcy and still keep the house -- of course meeting all the other obligations to the mortgagor?-- John Dear John,This ... (Tue, 14 Feb 2012 00:08:44 -0800)

Mitt Romney Defends 'Managed Bankruptcy' for Auto Firms in Op-Ed
PHOENIX – Mitt Romney renewed his criticism of President Obama’s auto bailout in an op-ed today, defending his often-criticized stance that “managed bankruptcy” would have been a better way to rescue the failing corporations. Penning the op-ed in the Detroit News, Romney accuses Obama of... (Tue, 14 Feb 2012 07:02:17 -0800)

Bankruptcy Watch: 5 Risky Energy Stocks
NEW YORK (TheStreet) -- Among energy companies, services stocks are among those whose fortunes are most deeply tied to the general economic activity that drives demand. With forecasts pointing to continued robust economic growth out of China and various emerging market economies, the Philadelphia Oil Services Sector Index has soared 61% since the the trough of the recession in 2009. TheStreet ... (Tue, 14 Feb 2012 08:21:15 -0800)

Scottish champ Rangers seeks bankruptcy protection
Scottish champion Glasgow Rangers was forced to seek bankruptcy protection on Tuesday, triggering a 10-point deduction for the 140-year-old club and effectively handing the title to crosstown rival Celtic. Rangers are now 14 points behind as a battle with the tax authorities over an estimated bill of up to 75 million pounds ($117 million) led to it becoming the most prominent European club so ... (Tue, 14 Feb 2012 09:02:25 -0800)

Glasgow Rangers seeks bankruptcy protection
LONDON (AP) -- Scottish champion Glasgow Rangers was forced to seek bankruptcy protection on Tuesday, triggering a 10-point deduction for the 140-year-old club and effectively handing the title to crosstown rival Celtic. (Tue, 14 Feb 2012 10:41:18 -0800)

Solar Stocks With More Bankruptcy Risk Than Energy Conversion
NEW YORK (TheStreet) -- Energy Conversion Devices entered chapter 11 bankruptcy on Tuesday, but when it comes to solar stocks the failed U.S. solar company is far from alone in struggling to make ends meet. In fact, even though TheStreet warned investors that Energy Conversion would be entering bankruptcy it's worth pointing out that it doesn't even top the list of potential bankruptcies in the ... (Tue, 14 Feb 2012 10:45:53 -0800)

Scottish champ Rangers seeks bankruptcy protection
Scottish champion Glasgow Rangers was forced to seek bankruptcy protection on Tuesday, triggering a 10-point deduction for the 140-year-old club and effectively handing the title to crosstown rival Celtic. (Tue, 14 Feb 2012 12:40:32 -0800)

Energy Conversion Devices files for bankruptcy, lost $306.4M last year
Ailing Energy Conversion Devices Inc. said today it has filed Chapter 11 bankruptcy and hopes to sell its United Solar Ovonic subsidiary and other assets. (Tue, 14 Feb 2012 13:00:14 -0800)

Is Bankruptcy an Option With Reverse Mortgage?
Make sure to look at these three items before filing for bankruptcy with a reverse mortgage. (Tue, 14 Feb 2012 14:35:08 -0800)

Apple asks bankruptcy court to sue Kodak for patent infringement
The iPhone maker says it will file a complaint against Kodak with the International Trade Commission, as well as a lawsuit in the U.S. District Court of Manhattan. (Wed, 15 Feb 2012 09:35:41 -0800)

Apple asks bankruptcy court for OK to sue Kodak for infringement
The iPhone maker is seeking permission from the court because it also plans to file a patent infringement complaint against Kodak with the International Trade Commission, as well as a lawsuit in the U.S. District Court of Manhattan. (Wed, 15 Feb 2012 10:01:13 -0800)

Apple asks bankruptcy court for OK to sue Kodak for infringement
The iPhone maker is seeking permission from the court because it also plans to file a patent infringement complaint against Kodak with the International Trade Commission, as well as a lawsuit in the U.S. District Court of Manhattan. Originally posted at The Digital Home (Wed, 15 Feb 2012 10:13:21 -0800)

Bankruptcy court approves Kodak's financing
A U.S. Bankruptcy Court judge in New York is approving Eastman Kodak Co.'s $950 million debtor-in-possession financing. (Wed, 15 Feb 2012 14:12:06 -0800)

Billionaire Falcone: no LightSquared bankruptcy
(Reuters) - Hedge fund manager Philip Falcone is ruling out a bankruptcy filing for his telecom startup LightSquared Inc, one day after U.S. regulators said they planned to revoke approval for the company to build a national wireless broadband network. "It is clearly not on our table," Falcone said in an email to Reuters on Wednesday when asked if LightSquared, the biggest investment in his ... (Wed, 15 Feb 2012 14:47:35 -0800)

DISH Network Statement on Bankruptcy Court Approval of TerreStar's Reorganization
ENGLEWOOD, CO-- - DISH Network Corporation issued the following statement today regarding final bankruptcy court approval of TerreStar Networks' reorganization plan:"DISH Network is pleased to announce ... (Wed, 15 Feb 2012 15:20:00 -0800)

Falcone rejects a LightSquared bankruptcy but problems loom
(Reuters) - Hedge fund manager Philip Falcone is ruling out a bankruptcy filing for his telecom startup LightSquared Inc even as sources familiar with the matter said the company was seeking restructuring advice. "It is clearly not on our table," Falcone said in an email on Wednesday when asked if LightSquared was considering a bankruptcy filing after communications regulators said they planned ... (Wed, 15 Feb 2012 18:06:39 -0800)

Mexico Studying Bankruptcy Laws on Intercompany Debts Following Vitro Case
Mexico is studying international best practices for corporate bankruptcy proceedings after glassmaker Vitro SAB’s use of intercompany debt caused some investors to question the country’s laws. (Thu, 16 Feb 2012 13:52:50 -0800)

Judge approves WaMu bankruptcy plan
After a long and contentious legal battle and more than three years in bankruptcy, Washington Mutual Inc. has won court approval of a reorganization plan. (Fri, 17 Feb 2012 08:15:27 -0800)

WaMu gets court approval to exit bankruptcy
(Reuters) - Washington Mutual Inc received long-sought court approval to exit bankruptcy and repay $7 billion to creditors, ending more than three years of court battles between hedge funds investors, shareholders and JPMorgan Chase & Co. The reorganization plan will distribute the money to creditors, many of which are hedge fund investors who specialize in buying securities of bankrupt ... (Fri, 17 Feb 2012 09:19:44 -0800)

Portsmouth enters bankruptcy protection again
The English soccer club Portsmouth has been deducted 10 points after entering bankruptcy protection for the second time in two years. The points deduction leaves the 2008 FA Cup winners above the relegation zone in England's second division on goal difference. Portsmouth's application to go into financial administration was approved at London's High Court on Friday after the team... (Fri, 17 Feb 2012 11:02:28 -0800)

Court approves WaMu bankruptcy plan
After contentious legal battle and more than three years in bankruptcy, Washington Mutual wins court approval of reorganization plan (Fri, 17 Feb 2012 11:28:37 -0800)

How to seek payment from a customer in bankruptcy
In today’s volatile marketplace, it’s not uncommon for suppliers to be caught off guard after shipping product on normal credit terms and learning soon thereafter, or indirectly through the news media, that a long-time customer has filed for bankruptcy protection. Read full article >> (Fri, 17 Feb 2012 12:02:27 -0800)

Bankruptcy in Provo is Decreasing Amidst Heavy Foreclosure Rates in Utah County
Utah County Fresh Start reports Provo bankruptcy rates. Five years into this current recession, bankruptcy filings are decreasing but pressure is still high on families and individuals.Provo, UT (PRWEB) February 18, 2012 Utah County Fresh Start, a Provo bankruptcy law firm has released some compiled data about the improving condition of Bankruptcy in the state of Utah. Continually ranked as the ... (Sat, 18 Feb 2012 00:13:24 -0800)

Jefferson County, Ala., Falls Off the Bankruptcy Cliff
For all the talk in Washington about taxes and deficits, Jefferson County, Ala., is a place where government finances, and government itself, have simply broken down. (Sat, 18 Feb 2012 12:31:37 -0800)

Jefferson County, Ala., Falls Off the Bankruptcy Cliff
Jefferson County, Ala., is drowning under $4 billion in debt, the result of a botched sewer project and corrupt business dealings. (Sat, 18 Feb 2012 12:49:11 -0800)

WaMu Bankruptcy Judge to Approve $7 Billion Reorganization
Washington Mutual Inc. won court approval for a $7 billion reorganization plan that resolves some legal claims related to the biggest U.S. bank to fail. (Sat, 18 Feb 2012 14:20:01 -0800)

Bankruptcy court lets Washington Mutual reorganize
Bankruptcy reorganization calls for failed bank to distribute $7 billion to creditors and 418 million to shareholders.  Bankruptcy proceedings took more than three years. (Sun, 19 Feb 2012 15:37:47 -0800)

Bankruptcy filings dip in Napa County
Embarrassed. Ashamed. Depressed. These are just a few of the words Napa bankruptcy attorneys use to describe the feelings expressed by clients who have been forced to file for bankruptcy protection. (Sun, 19 Feb 2012 23:06:04 -0800)

Personal bankruptcy filings drop by 14% in Connecticut in 2011
Personal bankruptcy filings in Connecticut dropped by 14% to 8,518 in 2011, down from 9,887 in 2010, according to a new report from the Warren Group, publisher of The Commercial Record. (Mon, 20 Feb 2012 02:09:06 -0800)

Personal bankruptcy filings down 14% in Connecticut in 2011
Personal bankruptcy filings in Connecticut dropped by 14% to 8,518 in 2011, down from 9,887 in 2010, according to a new report from the Warren Group, publisher of The Commercial Record. (Mon, 20 Feb 2012 05:27:46 -0800)

4 Ways Washington Mutual's Bankruptcy Still Matters
Washington Mutual's collapse continues to echo in the banking industry. (Tue, 21 Feb 2012 03:00:00 -0800)

Grubb & Ellis files bankruptcy, to be sold to BGC
(Reuters) - Grubb & Ellis Co filed for bankruptcy protection amid a slower-than-expected recovery in the commercial property market, and agreed to sell nearly all its assets to the financial services brokerage BGC Partners Inc . Howard Lutnick, chief executive of BGC and also of the boutique investment bank Cantor Fitzgerald LP, said in a statement the purchase reflects BGC's desire to "build a ... (Tue, 21 Feb 2012 06:54:47 -0800)

Bankruptcy trading claims in January send "mixed signals"
The market for trading in claims of bankrupt companies produced ?mixed signals? in January, according to a monthly report from SecondMarket, which runs a marketplace for alternative investments. (Tue, 21 Feb 2012 07:54:24 -0800)

WaMu Bankruptcy Judge to Approve $7 Billion Reorganization
Washington Mutual Inc. won court approval for a $7 billion reorganization plan that resolves some legal claims related to the biggest U.S. bank to fail. (Tue, 21 Feb 2012 09:31:36 -0800)

Dodgers bankruptcy case on track
A bankruptcy judge on Wednesday approved the disclosure statement outlining the Los Angeles Dodgers' proposed bankruptcy reorganization plan, keeping the team's plan for an April 30 sale on track. Approval of the disclosure statement in a Chapter 11 case typically allows the process for soliciting votes from creditors to begin. (Wed, 22 Feb 2012 12:02:30 -0800)

Bankruptcy judge approves Dodgers disclosure statement, confirmation hearing set for April 13
WILMINGTON, Del. - A bankruptcy judge on Wednesday approved the disclosure statement outlining the Los Angeles Dodgers' proposed bankruptcy reorganization plan, keeping the team's plan for an April 30 sale on track. (Wed, 22 Feb 2012 12:25:07 -0800)

Dodgers bankruptcy case on track
A bankruptcy judge on Wednesday approved the disclosure statement outlining the Los Angeles Dodgers' proposed bankruptcy reorganization plan, keeping the team's plan for an April 30 sale on track. (Wed, 22 Feb 2012 13:17:42 -0800)

Bankruptcy judge approves Solyndra bonuses
A bankruptcy judge on Wednesday approved close to $370,000 in bonuses for 20 employees of Solyndra LLC, a solar panel manufacturer that received a half-billion dollar loan from the federal government before declaring bankruptcy. (Wed, 22 Feb 2012 17:53:16 -0800)

Fuller Brush files for bankruptcy protection
The Fuller Brush Man is calling ... on bankruptcy court. (Wed, 22 Feb 2012 20:31:17 -0800)

Attorney in Big Rivers bankruptcy reprimanded
The Kentucky Supreme Court on Thursday publicly reprimanded an attorney involved in the massive bankruptcy of Big Rivers Electric Corp., for his handling of fees and contact with creditors during the case. (Thu, 23 Feb 2012 13:38:33 -0800)

Stockton, California, Is Said Poised for Its First Step Toward Bankruptcy
Stockton (3654MF) , California ’s, City Council will be asked next week to begin the process of becoming the largest U.S. city to file for bankruptcy, according to a person familiar with the council’s agenda. (Thu, 23 Feb 2012 21:52:52 -0800)

India Ink: Do Kingfisher's Woes Call For New Bankruptcy Rules?
In India, it sometimes seems flailing companies never die. (Fri, 24 Feb 2012 04:16:48 -0800)

California’s Stockton Said to Plan Default, Bankruptcy Vote
The City Council of Stockton, California, will be asked to vote next week to default on bonds and take the first steps toward bankruptcy, according to a person familiar with the council’s agenda. (Fri, 24 Feb 2012 08:28:52 -0800)

BANKRUPTCY WEEK AHEAD: Court To Take Up Revamped A&P Exit Plan
BANKRUPTCY WEEK AHEAD: Court To Take Up Revamped A&P Exit Plan (Fri, 24 Feb 2012 09:06:29 -0800)

Stockton might file for bankruptcy to fix troubled finances
Stockton could begin the process of filing for bankruptcy as soon as next week in order to help alleviate a troubled financial situation. (Fri, 24 Feb 2012 09:18:25 -0800)

BANKRUPTCY WEEK AHEAD: Court To Take Up Revamped A&P Exit Plan
If at first you don't succeed, try, try again. It's an adage that Great Atlantic & Pacific Tea Co. (GAPTQ) will take to heart as it returns Monday to the U.S. Bankruptcy Court in White Plains, N.Y., for a second attempt at getting out of Chapter 11. (Fri, 24 Feb 2012 09:22:13 -0800)

Stockton, California, to Weigh First Steps Toward Bankruptcy
Stockton, California, may take the first steps toward becoming the most populous U.S. city to file for bankruptcy next week, according to a revised City Council agenda released today. (Fri, 24 Feb 2012 10:18:11 -0800)

Stockton to Take Steps Toward Bankruptcy, City Manager Says
Stockton, California, may take the first steps toward becoming the most populous U.S. city to file for bankruptcy next week because of burdensome employee costs, excessive debt and bookkeeping errors that misrepresented accounts, city officials said today. (Fri, 24 Feb 2012 12:43:52 -0800)

Stockton considers filing for bankruptcy
Stockton may take the first steps toward becoming the most populous U.S. city to file for bankruptcy next week, according to a revised City Council agenda released Friday. Local officials will consider whether to begin... Presented By: Cisco Webcast: Third-Generation Fabric Computing    Leading experts and Cisco customers will share how to realize the full potential of your data center ... (Sat, 25 Feb 2012 00:25:28 -0800)

Harrisburg City Council Seeks to Reinstate Bankruptcy Appeal
Harrisburg, Pennsylvania’s city council asked a federal appeals court for permission to challenge the dismissal of its bankruptcy case. (Sun, 26 Feb 2012 08:59:32 -0800)

Japan's Elpida files for bankruptcy protection
Japan's Elpida Memory filed for bankruptcy protection Monday, days after one of the world's biggest microchip makers admitted it was struggling to solve its debt problems. (Sun, 26 Feb 2012 16:43:44 -0800)

Elpida Memory, Japanese Computer Chip Maker, Files for Bankruptcy
Elpida Memory’s bankruptcy filing is the biggest ever for a Japanese manufacturer, and it could lead to higher chip prices for consumers. (Sun, 26 Feb 2012 19:36:44 -0800)

U.S. Governors Have Few Answers as Cities Face Bankruptcy Risk
U.S. governors of states wheremunicipalities filed for bankruptcy say there was little theycould have done, even as cities such as Stockton (3654MF), California ,crack under continuing fiscal pressures. ... (Sun, 26 Feb 2012 21:05:00 -0800)

Elpida Memory, Japanese Chip Maker, Files for Bankruptcy
Elpida Memory’s bankruptcy filing is the biggest ever for a Japanese manufacturer, and it could lead to higher chip prices for consumers. (Mon, 27 Feb 2012 02:14:55 -0800)

Elpida files for bankruptcy protection with $5.6 billion debt
TOKYO (Reuters) - Japan's Elpida Memory Inc said it filed for protection from creditors on Monday with 448 billion yen ($5.55 billion) in debt, the biggest bankruptcy filing by a Japanese manufacturer. The filing suggested that a possible rescue by domestic lenders and would-be overseas equity partners had stalled, the Nikkei newspaper said. Japan's sole maker of dynamic random-access memory ... (Mon, 27 Feb 2012 03:27:30 -0800)

Elpida seeks bankruptcy shelter
Japanese chipmaker Elpida files for bankruptcy protection as it struggles to repay debts of 448bn yen. (Mon, 27 Feb 2012 04:15:32 -0800)

Japanese chipmaker Elpida files for bankruptcy
Computer chipmaker Elpida Memory Inc. filed for Japan's largest manufacturing bankruptcy Monday after amassing debts from nose-diving prices, competition from Samsung and flooding in Thailand last year that stifled demand. (Mon, 27 Feb 2012 04:32:13 -0800)

Japan Chipmaker Files for Bankruptcy
TOKYO -- Computer chipmaker Elpida Memory filed for Japan's largest manufacturing bankruptcy Monday after amassing debts from nose-diving prices, competition from Samsung and flooding in Thailand last year that stifled demand. Elpida, the only manufacturer in Japan to specialize in DRAM chips used in mobile phones and computers, reported debt of 448 billion yen ($5.5 billion) in filing for ... (Mon, 27 Feb 2012 06:32:55 -0800)

Elpida’s Bankruptcy Filing Comes After Failure to Follow Smartphone Money
The global consumer shift from computers to smartphones and tablets claimed its biggest victim as Elpida Memory Inc. (6665) filed for bankruptcy after a plunge in semiconductor prices and an inability to get new financing. (Mon, 27 Feb 2012 09:37:54 -0800)

Elpida Bankruptcy Comes After Failure to Follow Smartphone Money
The global consumer shift from computers to smartphones and tablets claimed its biggest victim as Elpida Memory Inc. filed for bankruptcy after a plunge in semiconductor prices and an inability to get new financing. (Mon, 27 Feb 2012 10:44:18 -0800)

Micron shares up after Elpida bankruptcy
Shares of Micron jumped 7 percent Monday after a rival memory-chip maker filed for bankruptcy protection in Japan. (Mon, 27 Feb 2012 11:04:18 -0800)

Japanese memory maker Elpida files for bankruptcy
Japanese memory maker Elpida has filed for bankruptcy protection, citing debts of some ¥448 billion (about $5.55 billion), making it the biggest bankruptcy filing in Japanese history. Elpida is Japan’s last remaining manufacturer of DRAM, the memory that fuels everything from servers to desktop and notebook computers to smartphones and mobile devices. ... (Mon, 27 Feb 2012 13:52:02 -0800)

Can home loan be modified amid bankruptcy?
Dear Bankruptcy Adviser,I just filed my fourth application for a modification with my lender because my rate is 7 percent, and I cannot afford the monthly payment. If they turn me down again, I'll be forced ... (Tue, 28 Feb 2012 00:00:44 -0800)

Sarah Frankel Joins GCG's Bankruptcy Team
LAKE SUCCESS, N.Y., Feb. 28, 2012 /PRNewswire/ -- Sarah Frankel has joined The Garden City Group, Inc. (GCG), a recognized leader in class action settlement and bankruptcy administration, as business development ... (Tue, 28 Feb 2012 07:30:00 -0800)

Mortgage Modification Amid Bankruptcy?
Though you've filed for bankruptcy, your mortgage lender may still cut you some slack. (Tue, 28 Feb 2012 11:07:56 -0800)

U.S. Governors Have Few Answers as Cities Face Bankruptcy Risk
U.S. governors of states where municipalities filed for bankruptcy say there was little they could have done, even as cities such as Stockton, California, crack under continuing fiscal pressures. (Tue, 28 Feb 2012 12:02:02 -0800)

Stockton, California, City Council Approves First Step Toward Bankruptcy
Stockton (3654MF) , California , moved closer to bankruptcy with a City Council vote to default on some bonds and begin a process that’s required under state law prior to seeking court protection. (Wed, 29 Feb 2012 07:30:08 -0800)

Tribune Paid Bankruptcy Advisers $233.3 Million Since Filing in 2008
Tribune Co. (TRB) , the biggest news media company in bankruptcy, paid lawyers and other advisers $233.3 million since filing for court protection from creditors in December 2008. (Wed, 29 Feb 2012 08:35:44 -0800)

Stockton sees 'no way out,' enters bankruptcy mediation
Stockton moved a step closer to becoming the nation's largest city to file bankruptcy when the council voted late Tuesday to stop payments to creditors and enter a mediation process. (Wed, 29 Feb 2012 09:48:15 -0800)

Bankruptcy Becomes Unaffordable for Small Businesses
Legal changes and increased costs have pushed troubled companies to liquidate their assets instead of reorganizing, says Chuck Benjamin, a turnaround specialist. (Wed, 29 Feb 2012 10:16:59 -0800)

Bankruptcy Becomes Unaffordable for Small Businesses
Legal changes and increased costs have pushed troubled companies to liquidate their assets instead of reorganizing, says Chuck Benjamin. (Wed, 29 Feb 2012 11:36:03 -0800)

Judge Rules Ex-Bankruptcy Trustee Not Owed $80,000
In a scathing ruling, a bankruptcy court judge has denied a former trustee any fees from the case of a North Branford woman who won an $9 million judgment against Yale University. (Wed, 29 Feb 2012 13:55:53 -0800)


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