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Home > Bankruptcy News

Bankruptcy News Apr 2012

Pinnacle Airlines flies into bankruptcy
(Reuters) - Pinnacle Airlines Corp filed for bankruptcy protection late on Sunday, as the U.S. regional airline fell victim to high fuel prices and dampened travel demand that has negatively impacted some of the major players in the industry. In the past, upon facing financial trouble, United Continental Holdings Inc's United Airlines and Delta Air Lines Inc have taken the Chapter 11 route to ... (Sun, 01 Apr 2012 22:14:18 -0700)

Pinnacle Airlines Seeks Chapter 11 Bankruptcy Protection
Pinnacle Airlines Corp. (PNCL) , a U.S. carrier operating under the names of Continental Express, Delta Connection and United Express, sought bankruptcy protection after costs rose and revenue declined. (Mon, 02 Apr 2012 01:05:46 -0700)

Beef processor files for bankruptcy over 'pink slime' uproar
(Reuters) - Ground beef processor AFA Foods filed for bankruptcy protection on Monday and said it plans to sell some or all of its assets, citing the impact of media coverage related to a meat filler critics have dubbed "pink slime." Meat processors have faced a backlash over the use of an ammonia-treated beef filler they call "finely textured beef." Food activists have campaigned to have it ... (Mon, 02 Apr 2012 06:20:22 -0700)

AFA Foods Files Bankruptcy Citing ‘Pink Slime’ Coverage
AFA Foods, a ground-beef processor owned by Yucaipa Cos., sought bankruptcy court protection with a plan to sell some assets after media coverage of “pink slime” cut demand for its products. (Mon, 02 Apr 2012 06:35:44 -0700)

Pinnacle Airlines files for bankruptcy protection
Pinnacle Airlines Corp., a regional carrier that flies under contract for Delta, United, Continental and US Airways, has filed for bankruptcy protection to deal with its mounting debt.The Memphis, Tenn.-based ... (Mon, 02 Apr 2012 07:27:53 -0700)

'Pink slime' forces beef processor into bankruptcy
Ground beef processor AFA Foods filed for bankruptcy protection and said it plans to sell some or all of its assets, citing media coverage related to a meat filler dubbed "pink slime." (Mon, 02 Apr 2012 07:36:36 -0700)

Beef processor files for bankruptcy over 'pink slime' uproar
(Reuters) - Ground beef processor AFA Foods filed for bankruptcy protection on Monday and said it plans to sell some or all of its assets, citing the impact of media coverage related to a meat filler critics have dubbed "pink slime." (Mon, 02 Apr 2012 07:48:53 -0700)

Pinnacle Airlines files for bankruptcy in U.S
(Reuters) - Pinnacle Airlines Corp , parent of Pinnacle Airlines and Colgan Air, filed for bankruptcy protection late on Sunday, the latest victim of high fuel prices and dampened travel demand. Memphis, Tennessee-based Pinnacle operates as various regional airlines - most notably Delta Connection - for bigger-name partners including Delta Air Lines , United Airlines and US Airways . Pinnacle ... (Mon, 02 Apr 2012 08:31:33 -0700)

AFA Foods files for bankruptcy citing 'pink slime'
Beef products company AFA Foods said Monday that it is filing for Chapter 11 bankruptcy protection and selling its assets after the public outcry over the beef filler known as "pink slime" derailed its efforts to save its already struggling business. (Mon, 02 Apr 2012 08:42:33 -0700)

'Pink Slime' Maker AFA Files For Bankruptcy
AFA Foods, a company that produces beef products, filed for Chapter 11 bankruptcy protection today and announced it’s selling some assets because of a decrease in demand attributed to the recent media coverage of “pink slime.” The company, based in King of Prussia, Pa., said... (Mon, 02 Apr 2012 09:49:13 -0700)

Pinnacle Airlines files for bankruptcy protection
Pinnacle Airlines Corp., a regional carrier that flies under contract for Delta, United, Continental and US Airways, has filed for bankruptcy protection to deal with its mounting debt. (Mon, 02 Apr 2012 10:46:34 -0700)

Fitch: U.S. Bankruptcy Filings to Drop 4%-5% in 2012
Link to Fitch Ratings' Report: Bankruptcy Filings to Recede Further (Tue, 03 Apr 2012 04:23:00 -0700)

Calif city takes solar firm's bankruptcy in stride
The latest setback in a stalled 1,000-megawatt solar plant in the Southern California desert came nearly 10 months after Interior Secretary Ken Salazar and Gov. Jerry Brown broke ground on what was then touted as the world's largest solar project and a keystone of the Obama administration's solar energy efforts. (Tue, 03 Apr 2012 11:04:30 -0700)

Flanders: Providence bankruptcy can be avoided
The state receiver in Central Falls whose law firm had been advising financially troubled Providence on paring pension benefits said Tuesday he was given no reason when Providence severed its ties with his firm — and that he does think the capital can avoid bankruptcy. (Tue, 03 Apr 2012 11:09:17 -0700)

Analysis: Shippers make U.S. the port of call for bankruptcy
NEW YORK (Reuters) - When Marco Polo Seatrade BV, of the Netherlands, filed for bankruptcy in a U.S. court in July, lenders fought to get the case thrown out. While the company docks in ports around the globe, the lenders argued, its ties to the United States are limited to two small financial accounts. Marco Polo has not been alone in seeking Chapter 11 protection in the United States. Other ... (Tue, 03 Apr 2012 13:10:53 -0700)

AFA Foods Bankruptcy Sale Won’t Cover Debt, Lawyer Says
AFA Foods, the beef processor that filed for bankruptcy citing media coverage of a “pink slime” meat additive, probably won’t be able to repay senior creditors owed $138.1 million, a company lawyer said in court. (Tue, 03 Apr 2012 14:06:06 -0700)

Settlement Dynegy subsidiary bankruptcy case
Utility company Dynegy Inc. says it reached an agreement with creditors that will let the company move forward with bankruptcy proceedings for a subsidiary. (Wed, 04 Apr 2012 07:47:34 -0700)

Dynegy, Key Creditors Ink Preliminary Bankruptcy Deal
Dynegy Holdings LLC said Wednesday that it has reached an agreement in principle with nearly all its creditor groups on a debt-restructuring plan, less than a month after an independent examiner's denunciation of the power provider's pre-Chapter 11 asset shuffles sent the case careening toward possible calamity. (Wed, 04 Apr 2012 09:28:51 -0700)

US becomes shipping's bankruptcy port of call
Shipping companies, struggling with an oversupply of vessels and weak demand, have filed for bankruptcy here, thanks to U.S. legal provisions that help companies avoid liquidation. (Wed, 04 Apr 2012 10:07:13 -0700)

Settlement in Dynegy subsidiary bankruptcy case
Utility company Dynegy Inc. said Wednesday that it reached an agreement with creditors that will allow the company move forward with bankruptcy proceedings for one of its subsidiaries.The agreement ends ... (Wed, 04 Apr 2012 11:10:43 -0700)

Exclusive: Falcone mulls voluntary bankruptcy for LightSquared
NEW YORK (Reuters) - Hedge fund manager Philip Falcone said in an interview on Wednesday he is "seriously considering" filing a voluntary bankruptcy for LightSquared, the struggling telecom startup in which his Harbinger Capital Partners is the majority owner. Falcone said a bankruptcy is one of several options he is considering as he tries to find a way to salvage the company, which reported a ... (Wed, 04 Apr 2012 15:59:55 -0700)

Falcone Says Bankruptcy Is an Option for LightSquared
Phil Falcone said he may consider voluntary bankruptcy for LightSquared Inc., the broadband wireless venture majority owned by his hedge fund that has been derailed by regulators. (Wed, 04 Apr 2012 16:35:49 -0700)

Buffets Rewards Managers Who Put Chain in Bankruptcy
R. Michael Andrews Jr., chief executive officer of Buffets Holdings Inc., helped guide the restaurant owner through bankruptcy twice in the past four years. Both times, he was rewarded with court-approved bonuses. (Thu, 05 Apr 2012 06:35:49 -0700)

Gingrich think tank files for bankruptcy
First Read: In another black eye for Newt Gingrich, the flagship of what's known in Washington as "Newt, Inc.," has filed for bankruptcy. (Thu, 05 Apr 2012 08:41:46 -0700)

Gingrich-Founded Health-Care Think Tank Files Bankruptcy
Gingrich Group LLC, a health-care “think tank” founded by U.S. Republican presidential candidate Newt Gingrich, sought bankruptcy protection from creditors without citing a reason. (Thu, 05 Apr 2012 10:50:44 -0700)

Think Tank Founded by Newt Gingrich Files for Bankruptcy
The health care think tank founded by Republican presidential candidate Newt Gingrich has filed for Chapter 7 bankruptcy. The Center for Health Transformation (CHT), headed by chairman Nancy Desmond, filed for bankruptcy in Atlanta, according to the Atlanta Business Chronicle. Gingrich sold his share of... (Thu, 05 Apr 2012 11:52:14 -0700)

Gingrich-founded think tank files for bankruptcy
A think tank Republican presidential candidate Newt Gingrich founded has filed for bankruptcy in a stunning turnaround for a group that reportedly collected tens of millions of dollars from major health care interests and others while he was at the helm. (Thu, 05 Apr 2012 14:16:33 -0700)

Filing for bankruptcy: a step-by-step guide
Going to court and filing for bankruptcy isn't as daunting as you might imagine – we talk you through the main steps Alan Wilson was in the army for nine years and has served tours in Kosovo and Iraq, yet the thought of going to court to file for bankruptcy terrified him. "At first it was the stigma attached to it. I felt a complete and utter failure – I wasn't able to deal with things the rest ... (Thu, 05 Apr 2012 15:12:45 -0700)

Best credit cards after bankruptcy
More than 1.4 million Americans claimed bankruptcy during the preceding year as of September 2011 (the latest statistics available), punctuating the frustration many Americans felt at the height of the economic crisis. Filing for bankruptcy protection under either Chapter 7 or Chapter 13 requires overcoming extreme emotions. We fear the social stigma of being classified "bankrupt," and we fear ... (Fri, 06 Apr 2012 00:35:46 -0700)

Stockton Could Be the Largest City to Declare Bankruptcy
Stockton, located in the heart of California, is on the verge of becoming the largest city in the U.S. to declare bankruptcy.  (Fri, 06 Apr 2012 10:34:56 -0700)

Dodgers still plan to exit bankruptcy on April 30
The Los Angeles Dodgers filed a revised reorganization plan on Friday and said they are on track to exit bankruptcy as planned by April 30. (Fri, 06 Apr 2012 13:48:29 -0700)

Dodgers to emerge from bankruptcy on April 30
(Reuters) - Los Angeles Dodgers said on Friday it expects to emerge from bankruptcy by the end of April, after a group spearheaded by basketball great Earvin "Magic" Johnson last week agreed to buy the baseball franchise. The team, which had landed in bankruptcy court in June 2011, said it is filing for an amended plan of reorganization, which is scheduled for hearing on April 13. ... (Fri, 06 Apr 2012 14:08:20 -0700)

Dodgers say bankruptcy case is on track
DOVER, Del. (AP) The Los Angeles Dodgers filed a revised reorganization plan on Friday and said they are on track to exit bankruptcy as planned by April 30. (Fri, 06 Apr 2012 16:07:02 -0700)

Dodgers say bankruptcy case is on track
The Los Angeles Dodgers filed a revised reorganization plan on Friday and said they are on track to exit bankruptcy as planned by April 30. (Fri, 06 Apr 2012 16:07:40 -0700)

Sapp files for bankruptcy in Florida
FORT LAUDERDALE, Fla. (AP) -- Former NFL star Warren Sapp has filed for bankruptcy in South Florida. (Sat, 07 Apr 2012 08:40:33 -0700)

Settlement Dynegy subsidiary bankruptcy case
Settlement Dynegy subsidiary bankruptcy case HOUSTON (AP) — Utility company Dynegy Inc. says it reached an agreement with creditors that will let the company move forward with bankruptcy proceedings for a subsidiary. Last month a court-appointed examiner said Dynegy's subsidiary fraudulently transferred coal power assets to the parent company, which is not in bankruptcy protection. (Sat, 07 Apr 2012 09:05:12 -0700)

Former star DT Sapp files for bankruptcy
Former NFL DT Warren Sapp filed for Chapter 7 bankruptcy and is more than $6.7 million in debt.  (Sat, 07 Apr 2012 11:12:05 -0700)

Reddy Ice preparing to file for bankruptcy: WSJ
(Reuters) - Packaged-ice maker Reddy Ice Holdings Inc is preparing to file for Chapter 11 bankruptcy protection and plans to hand ownership to a hedge fund holding the company's debt, the Wall Street Journal reported, citing people familiar with the matter. The company could seek bankruptcy protection this week, perhaps within the next two days or so, the paper said. Reddy Ice officials could ... (Sun, 08 Apr 2012 20:11:13 -0700)

Bankruptcy filings fall 15.6% in NEPA
New case filings in U.S. Bankruptcy Court for the Middle District of Pennsylvania decreased by 19 percent in the first quarter, compared to the same 2011 period.The January-to-March decline represents the fifth consecutive quarterly drop in new insolven (Sun, 08 Apr 2012 21:13:26 -0700)

Warren Sapp: The latest multimillionaire athlete to file for bankruptcy
It’s become a tired story in the world of professional sports. A superstar athlete rakes in millions only to lose it all shortly after his or her career on the field/court ends. The increased frequency of this phenomenon over the past year is what makes Warren Sapp’s tale little more than a blip on the bankruptcy radar. And yet it’s Sapp’s perpetual bravado — and his continued presence on ... (Mon, 09 Apr 2012 07:59:23 -0700)

Pinnacle pilots will take aggressive stance in bankruptcy bargaining
The survival of bankrupt Pinnacle Airlines hinges on developing a sound business plan that includes a market-rate labor contract for pilots, according to the Pinnacle pilots union chairman. To be successful in the long-term, Pinnacle "will certainly need a pilot contract capable of attracting and retaining qualified pilots," Tom Wychor, pilots union chairman, said in a Saturday interview with ... (Mon, 09 Apr 2012 09:20:15 -0700)

Ambassador Media Group Files For Chapter 7 Bankruptcy
Ambassador Media Group Files For Chapter 7 Bankruptcy (Mon, 09 Apr 2012 10:57:12 -0700)

Warren Sapp and Four Other Former NFL Players Who Are in or Near Bankruptcy
Warren Sapp currently averages more than $100,000 per month in income. Despite having earned millions during his time in the NFL with both the Tampa Bay Buccaneers and the Oakland Raiders, he has filed for Chapter 7 bankruptcy. Chapter 7 bankruptcy will lead to the liquidation of his assets to pay his creditors and some of his back owed child support and alimony. He is far from the only former ... (Mon, 09 Apr 2012 22:46:00 -0700)

Get a lien off your property after bankruptcy
Dear Bankruptcy Adviser,When we went bankrupt, we had a loan to have a new roof put on. The contractor was a crook and scammed many people in our area. We put this loan in our bankruptcy. The bankruptcy ... (Tue, 10 Apr 2012 00:00:52 -0700)

Bankruptcy Credit Counseling, Debtor Education Providers under BKClass.com Umbrella to Highlight Services at 2012 ...
Strategic alliance of pre-filing and post-filing bankruptcy counseling class providers will showcase services at National Association of Consumer Bankruptcy Attorneys (NACBA) Annual Conference in San Antonio, TX April 27-29, 2012.Maitland, FL (PRWEB) April 10, 2012 BKClass.com, (http://www.BKClass.com) representing the National Financial Literacy Foundation, Inc. and Financial Education ... (Tue, 10 Apr 2012 00:08:23 -0700)

Ruling moves Tribune closer to bankruptcy exit
(Reuters) - Tribune Co, the bankrupt publisher of the Chicago Tribune and Los Angeles Times, moved closer to ending its three-year bankruptcy after a judge resolved lingering disputes about the order in which noteholders should be repaid. Monday's ruling by Delaware Bankruptcy Judge Kevin Carey also found that the company's proposed plan to emerge from bankruptcy does not unfairly discriminate ... (Tue, 10 Apr 2012 09:29:00 -0700)

Repayment order for creditors set in Tribune Co. bankruptcy
Zell last; former shareholders still face suit Tribune Co., the bankrupt publisher of the Chicago Tribune and Los Angeles Times, moved closer to ending its three-year bankruptcy after a judge resolved lingering disputes about the order in which noteholders should be repaid. (Tue, 10 Apr 2012 10:01:17 -0700)

Bankruptcy boom in western suburbs
Families succumb to mounting credit card debt and chronic unemployment. (Tue, 10 Apr 2012 12:44:06 -0700)

Macey Bankruptcy Law Partners With HELPS to Protect Senior Citizens
CHICAGO, IL-- - The nation's leading bankruptcy firm , Macey Bankruptcy Law, just signed a new partnership with HELPS, a nonprofit law firm that represents senior citizens dealing with harassing debt collectors.There ... (Tue, 10 Apr 2012 16:32:00 -0700)

Creditors win bid to appeal Alabama county's bankruptcy
(Reuters) - A federal judge has cleared the way for Bank of New York Mellon and other creditors to challenge in court the landmark $4.23 billion bankruptcy by Alabama's Jefferson County. Federal District Judge Inge Johnson in Birmingham on Monday issued a three-sentence order giving creditors permission to appeal the eligibility status of the county's November 9 bankruptcy, the largest ever by a ... (Wed, 11 Apr 2012 08:56:12 -0700)

Rhode Island city fires adviser for bankruptcy talk
An adviser to financially-strapped Providence, R.I., has been fired for his candor about the likelihood of the city going into bankruptcy. (Wed, 11 Apr 2012 14:36:15 -0700)

Why bankruptcy might be a terrible idea
Some people might think bankruptcy is an essential escape-hatch from insurmountable debt. For some people, bankruptcy might... (Wed, 11 Apr 2012 15:51:43 -0700)

DealBook: Reddy Ice to File for Bankruptcy
The company also plans to acquire another embattled ice maker, Arctic Glacier, which filed for bankruptcy in February. (Thu, 12 Apr 2012 07:03:11 -0700)

Reddy Ice files for bankruptcy protection
Packaged ice-maker was part of government price fixing probe Reddy Ice Holdings Inc filed for bankruptcy and said it was bidding for Canadian rival Arctic Glacier Income Fund, as the packaged-ice maker looks to cut debt and beef up its business after years of battling government investigations, lawsuits and intensifying competition. (Thu, 12 Apr 2012 11:49:24 -0700)

Bankruptcy trustee seeks money from Rawlings death settlement
The father of a 14-year old boy fatally shot by an off-duty Metropolitan Police Department officer in 2007 might have thought his legal battle was over when the District of Columbia settled rather than fight a multimillion-dollar wrongful death lawsuit last fall. But a bankruptcy trustee recently filed court papers ... (Thu, 12 Apr 2012 18:19:41 -0700)

Jefferson County bankruptcy: Sewer fees fund case for creditors
Bankruptcy consultant expects to get more than a half-million dollars for testimony. (Fri, 13 Apr 2012 04:43:03 -0700)

Bankruptcy cases keep dwindling in region
The number of new bankruptcy cases fell by 13 percent in Buffalo last month and by nearly 20 percent in Rochester, as either consumer debt problems continue to wane or debtors give up on seeking court protection because they can’t afford it. (Fri, 13 Apr 2012 05:19:27 -0700)

BANKRUPTCY WEEK AHEAD: Hostess To Spar For Chapter 11 Control
Hostess Brands Inc. on Tuesday will ask a judge to let it keep a tight grip on its Chapter 11 restructuring as the maker of Twinkies and Wonder Bread prepares for a faceoff with its unions. (Fri, 13 Apr 2012 08:47:53 -0700)

Mammoth Lakes, Calif., Faces Bankruptcy
The town is considering bankruptcy because of its inability to pay a $43 million legal judgment in a development dispute dating back to 1997. (Fri, 13 Apr 2012 08:57:00 -0700)

Mammoth Lakes, Calif., Faces Bankruptcy
The town is considering bankruptcy because of its inability to pay a $43 million legal judgment in a development dispute dating back to 1997. (Fri, 13 Apr 2012 14:17:44 -0700)

Dodgers' planned sale before bankruptcy judge
A bankruptcy court judge in Delaware has approved the Los Angeles Dodgers' plan to sell the team for $2 billion, setting the team up to exit bankruptcy. (Fri, 13 Apr 2012 18:21:05 -0700)

Bankruptcy court OKs sale of Dodgers
A bankruptcy court approved Friday the $2 billion sale of the Los Angeles Dodgers baseball team to a group that includes former basketball star Earvin "Magic" Johnson. (Fri, 13 Apr 2012 19:25:44 -0700)

Bankruptcy court approves sale of Los Angeles Dodgers
A bankruptcy court Friday approved the $2 billion sale of the Los Angeles Dodgers baseball team to a group that includes former basketball star Earvin "Magic" Johnson. (Fri, 13 Apr 2012 19:25:44 -0700)

Bankruptcy judge approves sale of Dodgers despite MLB objection
A fierce verbal battle in court ensues before Dodgers' sale to Guggenheim Baseball gets OK. The deal is scheduled to close April 30. Major League Baseball argued that it should have had the final say. WILMINGTON, Del. — The sale of the Dodgers to a group fronted by Magic Johnson was approved by a federal bankruptcy judge on Friday, but not before a tense and acrimonious evening court session in ... (Fri, 13 Apr 2012 23:51:02 -0700)

Warren Sapp filed for bankruptcy to avoid going to jail
Former Bucs star makes first comments about troubles (Sat, 14 Apr 2012 10:30:09 -0700)

PFT: Sapp says choice was bankruptcy or jail
In his first comments since declaring bankruptcy, Warren Sapp says he had little choice. (Sat, 14 Apr 2012 11:18:42 -0700)

Bankruptcy judge approves sale of Dodgers despite MLB objection
A fierce verbal battle in court ensues before Dodgers' sale to Guggenheim Baseball gets OK. The deal is scheduled to close April 30. Major League Baseball argued that it should have had the final say. WILMINGTON, Del. — The sale of the Dodgers to a group fronted by Magic Johnson was approved by a federal bankruptcy judge on Friday, but not before a tense and acrimonious evening court session in ... (Sat, 14 Apr 2012 12:00:56 -0700)

Tax refunds provide cash to file bankruptcy
Some Americans spend their tax refunds on high-tech gadgets and long-awaited vacations. Others use the cash to file for bankruptcy. (Sun, 15 Apr 2012 00:46:04 -0700)

Philadelphia Orchestra bankruptcy drags on
When the Philadelphia Orchestra filed for Chapter 11 last spring, its leaders said the reorganization would cost $2.9 million in legal and administrative fees, and they predicted the orchestra would be out of bankruptcy in the latter part of 2011. (Mon, 16 Apr 2012 00:08:32 -0700)

Philadelphia Orchestra bankruptcy drags on
When the Philadelphia Orchestra filed for Chapter 11 last spring, its leaders said the reorganization would cost $2.9 million in legal and administrative fees, and they predicted the orchestra would be out of bankruptcy in the latter part of 2011. (Mon, 16 Apr 2012 03:58:19 -0700)

Houston hotel owned by St. Louis' Roberts brothers files for bankruptcy
It's the latest in a string of legal troubles for the brothers' holdings spread across the country. (Mon, 16 Apr 2012 07:19:59 -0700)

Former Black Eyed Peas business manager files for bankruptcy
A music industry business manager who has acknowledged failing to file income-tax returns for the Black Eyed Peas and other clients has filed for bankruptcy. In a petition Sunday seeking Chapter 7 protection in the U.S. Bankruptcy Court in Los... (Mon, 16 Apr 2012 12:43:28 -0700)

Tribune bankruptcy plan moves forward
A Delaware bankruptcy judge has signed off on the Tribune Co.'s latest reorganization plan and a process for creditors to vote on it. (Mon, 16 Apr 2012 15:37:55 -0700)

Hostess workers counter bankruptcy court proposal
Hostess workers counter bankruptcy court proposal Associated Press Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Published 01:41 p.m., Monday, April 16, 2012 NEW YORK - A union official representing workers at Hostess Brands Inc. said Monday that he isn't optimistic the two sides will come to an agreement over ... (Mon, 16 Apr 2012 21:59:22 -0700)

Another bankruptcy for St. Louis-based Roberts brothers
Filing over Houston hotel comes as St. Louis developers attempt to avert creditors; more could follow. (Mon, 16 Apr 2012 22:10:04 -0700)

State by state bankruptcy statistics, 2005-2012
Bankruptcy filings for the first quarter of 2012 show the number of filers continuing to decline, but experts are divided over whether this is a long-term trend (Tue, 17 Apr 2012 05:00:00 -0700)

Tennessee surpasses Nevada for most bankruptcies per capita
Bankruptcy filings continued their decline nationally in the first quarter of 2012, nowhere more sharply than the Silver State (Tue, 17 Apr 2012 05:00:00 -0700)

Free E-Book Helps Bankruptcy Filers Rebuild Their Financial Lives
InCharge Debt Solutions introduces tools to help consumers emerging from bankruptcy restore their creditworthiness (Tue, 17 Apr 2012 11:04:02 -0700)

Make Sure Fiance's Bankruptcy Won't Affect You
Getting hitched? Here's how to make sure your hubby-to-be's bad credit won't be married to you. (Tue, 17 Apr 2012 14:31:41 -0700)

Bankruptcy filing impacts Ken Kratz lawsuit
A recent bankruptcy filing by former Calumet County Dist. Atty. Ken Kratz could delay the federal lawsuit brought against him by a crime victim who claims he violated her civil rights. (Wed, 18 Apr 2012 06:22:13 -0700)

Bankruptcy filing impacts Kratz lawsuit
A recent bankruptcy filing by former Calumet County Dist. Atty. Ken Kratz could delay the federal lawsuit brought against him by a crime victim who claims he violated her civil rights. (Wed, 18 Apr 2012 06:44:35 -0700)

Nortel Bankruptcy Judge Sends Pension Dispute to Mediation
U.S. Bankruptcy Judge Kevin Gross in Wilmington, Delaware, approved a 60-day mediation period, during which Nortel, once the largest telephone equipment maker in North America, must negotiate with two committees representing retirees and workers who receive disability payments. (Wed, 18 Apr 2012 11:07:35 -0700)

Utah bankruptcy filings fall 11 percent
Utah bankruptcy filings fall 11 percent By Steven Oberbeck The Salt Lake Tribune Published Apr 18, 2012 06:24PM MDT The number of Utahns who filed for bankruptcy fell 11 percent in the first quarter of 2012 from the previous year, though the state’s per capita rate of filings is still fourth highest in the nation. U.S. Bankruptcy Court for Utah Clerk David Sime said the court received a total of ... (Wed, 18 Apr 2012 15:26:17 -0700)

Dotts: Bankruptcy court has tremendous powers
A bankruptcy court has such tremendous powers it could force a shutdown of nonessential government agencies that do not pay their correct contributions on time, according to veteran lawyer Michael W. Dotts. (Thu, 19 Apr 2012 07:04:39 -0700)

Jersey City Developer Liberty Harbor North Files for Bankruptcy
Liberty Harbor North Inc., which develops waterfront property opposite Manhattan in Jersey City, New Jersey, filed for bankruptcy court protection from its creditors, who are owed as much as $44.1 million. (Thu, 19 Apr 2012 11:05:49 -0700)

BANKRUPTCY LIABILITY FOR BUSINESS PARTNERS
A partnership begins with a splash of optimism, a toast to the future and a plan for capitalising on business opportunities. But what happens when it all goes wrong? Aggressive creditors may force a partnership into bankruptcy and certain individual partners may be required to follow. This article is a primer on the bankruptcy liability of partners. (Thu, 19 Apr 2012 11:57:00 -0700)

Roberts' South Carolina hotel files for bankruptcy
The Roberts Cos.' shuttered hotel in Spartanburg, S.C., filed for bankruptcy today, marking the second time in a week one of the company's portfolio of 11 hotels sought the protection of bankruptcy court. (Thu, 19 Apr 2012 15:18:22 -0700)

Law firm retains bankruptcy counsel, role unclear
NEW YORK (Reuters) - Elite New York law firm Dewey & LeBoeuf has hired a prominent bankruptcy attorney as it struggles with high debt and partner defections, according to two attorneys at other law firms who have knowledge of the matter. Albert Togut, who has represented several major companies in Chapter 11 bankruptcy, is working with at least one member of the firm's new management team, one ... (Thu, 19 Apr 2012 16:54:24 -0700)

More Chinese developers file for bankruptcy: report
HONG KONG (Reuters) - More Chinese property developers have filed for bankruptcy, the South China Morning Post reported on Friday, as some small real-estate companies struggle after more than two years of measures by Beijing to curb home prices in China. Guangdeye Property Development, based in Shunde in the southern province of Guangdong, has declared bankruptcy, unable to pay back debt, the ... (Thu, 19 Apr 2012 21:49:37 -0700)

A Prominent Bankruptcy Lawyer Now Ministers to His Firm
Martin Bienenstock, who worked his skills in the General Motors bankruptcy, now has to do the same for Dewey & LeBoeuf, where he is one of the five people who lead the firm. (Fri, 20 Apr 2012 00:52:59 -0700)

Dewey & LeBoeuf retains bankruptcy counsel, role unclear
NEW YORK (Reuters) - Elite New York law firm Dewey & LeBoeuf has hired a prominent bankruptcy attorney as it struggles with high debt and partner defections, according to two attorneys at other law firms who have knowledge of the matter. Albert Togut, who has represented several major companies in Chapter 11 bankruptcy, is working with at least one member of the firm's new management team, one ... (Fri, 20 Apr 2012 04:49:46 -0700)

DealBook: Dewey & LeBoeuf Said to Consider Prepackaged Bankruptcy
The filing would allow the ailing law firm to reach an agreement with its creditors over a reorganization plan while simultaneously combining with another firm. (Fri, 20 Apr 2012 04:56:11 -0700)

Prichard bankruptcy wouldn't jeopardize agreement with pensioners
Prichard's renewed bankruptcy hopes wont jeopardize agreement with pensioners, according to the city's lawyer. (Fri, 20 Apr 2012 13:31:10 -0700)

Bankruptcy in Whatcom County decreases
The economic recovery is beginning to gain traction — Bankruptcy filing rates have declined in Whatcom County since the end of 2010, according to United States Bankruptcy Court Western District data.  (Fri, 20 Apr 2012 14:43:15 -0700)

SGI set to exit bankruptcy protection
Judge accepts a reorganization plan, setting stage for the company to emerge from Chapter 11 protection in October. (Sat, 21 Apr 2012 18:39:28 -0700)

Bankruptcy puts Maine radio properties on auction block
Posted April 20, 2012, at 7:30 p.m. A number of Maine radio stations are heading to the auction block next month, including the classical WBACH stations that span the state’s coastline from York County to the Down East. (Sun, 22 Apr 2012 02:29:20 -0700)

American Airlines bankruptcy case goes to court today
Let the arguments begin. (Sun, 22 Apr 2012 21:20:14 -0700)

American Airlines argues in bankruptcy court to throw out labor contracts with unions
NEW YORK - American Airlines argued before a federal bankruptcy judge Monday that its union contracts need to be changed to make the company financially stable. (Mon, 23 Apr 2012 09:08:14 -0700)

Bicent Power Files for Bankruptcy Protection in Delaware
Bicent Holdings LLC and 12 affiliates sought bankruptcy protection from creditors saying the electricity producer will file a pre-arranged reorganization plan within five business days. (Mon, 23 Apr 2012 10:52:44 -0700)

AA Bankruptcy Hearing Under Way
American is asking a bankruptcy judge to toss out the company's union labor contracts while workers protest the move outside the courtroom. (Mon, 23 Apr 2012 10:57:24 -0700)

AA unions rally outside bankruptcy court
NEW YORK, April 23 (UPI) -- Union workers rallying outside a bankruptcy courthouse in New York said American Airlines was using them as a scapegoat for its financial troubles. (Mon, 23 Apr 2012 12:07:39 -0700)

American Airlines asks bankruptcy court judge to undo labor contracts
The airline lost more than $10 billion in the decade leading up to its declaration of bankruptcy in November. During that same period most of its major rivals used the bankruptcy process to cut wages and benefits. (Mon, 23 Apr 2012 14:44:59 -0700)

Bankruptcy plan for Regency Park in Mount Holly gets OK
MOUNT HOLLY — A bankruptcy plan for the Regency Park neighborhood has been approved, which likely means some residents will need to move out of their rental homes. (Mon, 23 Apr 2012 15:42:57 -0700)

Colorado Bankruptcy Law Firm Changes Name and Launches New Mile High Bankruptcy Colorado Bankruptcy Attorney Website
The highly rated Denver bankruptcy attorney law firm of Milwid and Schlosser, P.C. changes its name to Mile High Bankruptcy and launches new website.Denver, CO (PRWEB) April 23, 2012 In February, 2012, the well known and highly rated Denver Bankruptcy attorney law firm of Milwid & Schlosser, P.C. changed its name to Mile High Bankruptcy and launched an exciting new website. ... (Mon, 23 Apr 2012 16:02:16 -0700)

American Airlines, in bankruptcy, wants union job, pay cuts
American Airlines argued before a federal bankruptcy judge Monday that its union contracts must be changed to make the company financially stable. (Mon, 23 Apr 2012 18:31:37 -0700)

Can I stop a post-bankruptcy home sale?
Dear Bankruptcy Adviser,After I filed bankruptcy papers with the courts, I called the mortgage company that is putting my home up for foreclosure sale/auction -- which was scheduled for the same day I ... (Tue, 24 Apr 2012 00:01:15 -0700)

Can I stop a post-bankruptcy home sale?
Dear Bankruptcy Adviser,After I filed bankruptcy papers with the courts, I called the mortgage company that is putting my home up for foreclosure sale/auction -- which was scheduled for the same day I ... (Tue, 24 Apr 2012 00:01:15 -0700)

American Airlines tells bankruptcy judge it wants union contracts altered
American Airlines argued before a federal bankruptcy judge Monday that its union contracts must be changed to make the company financially stable. (Tue, 24 Apr 2012 00:08:51 -0700)

Elpida Bankruptcy Hits Rivals Hynix, Micron: Chart of the Day
Elpida Memory Inc.’s bankruptcy is fueling concern the company could be a burden to an acquirer, with shares of SK Hynix Inc. and Micron Technology Inc. (MU) declining on takeover speculation. (Tue, 24 Apr 2012 16:50:59 -0700)

Ally’s mortgage unit headed for bankruptcy
Ally Financial will likely place its troubled mortgage unit into bankruptcy in the next three weeks, The Post has learned. CEO Michael Carpenter has been trying to avoid a bankruptcy for ResCap, the troubled operation, for months but in recent weeks has started to believe that he’s exhausted all... (Tue, 24 Apr 2012 21:03:42 -0700)

Musicians' pension-fund issue resolved, clearing way for end to the orchestra bankruptcy
Resolving the most quarrelsome aspect of its bankruptcy, the Philadelphia Orchestra Association has settled with the national musicians' pension fund that had threatened expensive and time-consuming litigation over the orchestra's withdrawal from it. (Wed, 25 Apr 2012 00:32:38 -0700)

CAW Calls on Government to Reform Bankruptcy Legislation for Equitable Treatment of Former Nortel Employees
TORONTO, April 25, 2012 /PRNewswire/ - Since Nortel entered bankruptcy protection in January 2009, its pension plans have been devastated; incomes for disabled and terminated employees have been lost, ... (Wed, 25 Apr 2012 04:56:00 -0700)

Even After Bankruptcy, Trapped by Student Debt
The trap of student debt _ even bankruptcy offers no path out under current law (Wed, 25 Apr 2012 09:36:15 -0700)

Even after bankruptcy, trapped by student debt
The misfortunes that brought schoolteachers Devin and Sarah Stang and their four young children to bankruptcy — and the loss of their house and a car in the process — were their own unique story.They bought ... (Wed, 25 Apr 2012 13:15:42 -0700)

Even after bankruptcy, trapped by student debt
and the loss of their house and a car in the process — were their own unique story. (Wed, 25 Apr 2012 13:15:42 -0700)

Federal Bankruptcy Court Dismisses Petition Against VitaminSpice, Inc.
WAYNE, Pa., April 25, 2012 /PRNewswire/ -- VitaminSpice, Inc. (VTMS.PK)  announces that the Federal Bankruptcy Court for the Eastern District of Pennsylvania has dismissed the involuntary bankruptcy ... (Wed, 25 Apr 2012 14:22:00 -0700)

Bankruptcy won't clear student debt
Sarah and Devin Stang sit on the porch of the home they are renting in LaGrange, Ohio. The Stangs filed for bankruptcy and lost their Sandusky, Ohio home to foreclosure, but due to a 2005 law their student loan debts are still not dischargeable. (Thu, 26 Apr 2012 04:34:01 -0700)

Lehman Bankruptcy Liquidation to Provide Poor Recovery to Lehman 100 Percent Principal Protected Notes Investors, Says ...
NAPLES, Fla. -- Investors holding Lehman 100 percent principal protected notes or other Lehman structured products are now receiving word that their share of the initial Lehman bankruptcy distribution ... (Thu, 26 Apr 2012 08:08:27 -0700)

Understanding personal bankruptcy in Canada
When it comes to insurmountable debt, is bankruptcy the only answer? → (Thu, 26 Apr 2012 12:58:50 -0700)

AMR labor needs shifted after bankruptcy: executive
New YORK (Reuters) - AMR Corp's labor relations chief acknowledged on Thursday that the company tried to "limp along" by negotiating burdensome short-term labor deals before deciding to file for bankruptcy. Testifying at a court hearing on AMR's request to abandon its labor deals, Jeff Brundage said the concessions AMR asked of its unions before its bankruptcy filing would not have "allowed us ... (Thu, 26 Apr 2012 15:33:51 -0700)

Even after bankruptcy, trapped by student debt
The misfortunes that brought schoolteachers Devin and Sarah Stang and their four young children to bankruptcy - and the loss of their house and a car in the process - were their own unique story. (Thu, 26 Apr 2012 16:34:13 -0700)

American Pursued ‘Limp-Along’ Strategy Before Bankruptcy
AMR Corp. (AAMRQ) ’s American Airlines pursued a “limp-along” strategy before filing for bankruptcy as it sought to cut costs and turn around the carrier, an executive for the company said in court. (Thu, 26 Apr 2012 18:07:33 -0700)

James Scott Farrin Launches Bankruptcy Section of Web Site
Law Offices of James Scott Farrin announces the launch of a new NC Bankruptcy information section on its Web site in conjunction with its new Bankruptcy Law practice.(PRWEB) April 27, 2012 The Law Offices of James Scott Farrin is pleased to announce the launch of a new NC Bankruptcy information section on its Web site in conjunction with its new Bankruptcy Law practice. Consumers will be able to ... (Fri, 27 Apr 2012 07:03:14 -0700)

Capitol Infrastructure, Pay TV Provider, Files Bankruptcy
Capitol Infrastructure LLC, which provides television and Internet services to multi-family housing projects, filed bankruptcy, blaming, in part, a contract dispute with DirecTV. (Fri, 27 Apr 2012 08:35:51 -0700)

Obama should push bankruptcy relief for student loans
Anya Kamenetz says proposals to help students dig out from college debt don't go far enough. Bankruptcy would give lenders incentive for negotiating, and lower the cost of college in the long term (Fri, 27 Apr 2012 08:52:49 -0700)

Retirees hit amid CF bankruptcy endgame
With Central Falls set to exit bankruptcy within three months, retired firefighters such as Paul Gagnon , a cancer patient, are bearing much of the burden. (Fri, 27 Apr 2012 12:47:28 -0700)

Federal bankruptcy judge Alexander L. Paskay dies
Alexander L. Paskay, a long-serving federal bankruptcy judge in Tampa, died this week. He was 89. (Fri, 27 Apr 2012 21:00:00 -0700)

Two can play the airline bankruptcy game
Over the past decade, major airlines have figured out how to use the bankruptcy code to accomplish what they have never been able to at the bargaining table: reduce wages and benefits to “market” levels. Read full article >> (Sat, 28 Apr 2012 15:13:00 -0700)

Bankruptcy’s Silver Lining – Integrity Law Group Releases Vital Information for Debtors Considering Bankruptcy
Bankruptcy specialists, Integrity Law Group, offers incredible service for people who are considering filing for Chapter 7 or Chapter 13. Under the proper set of circumstances, filing can have positive consequences for the debtor, the lenders and the policies that help shape the Nation's lending practices.Seattle, WA (PRWEB) April 30, 2012 Integrity Law Group, a Seattle law firm, knows that ... (Mon, 30 Apr 2012 04:04:29 -0700)

Create your post-bankruptcy credit rebuilding plan
From now on, on-time payments are a must, you'll likely need a secured card and make sure any lenders report to all the credit bureaus (Mon, 30 Apr 2012 05:00:00 -0700)

Georges Marciano's involuntary bankruptcy may be annulled
MONTREAL, April 30, 2012 /PRNewswire/ - If we can rely on comments by three judges in the California Court of Appeal, the involuntary bankruptcy of Guess Jeans founder Georges Marciano, declared on December ... (Mon, 30 Apr 2012 05:52:00 -0700)

Govt to fight bankruptcy petition
The central government is planning to fight the bankruptcy petition filed by the NMI Retirement Fund in federal court, according to Fund lawyer Braddock Huesman yesterday. (Mon, 30 Apr 2012 06:58:33 -0700)

NY bankruptcy judge approves Kodak's bonus plans
A U.S. Bankruptcy Court judge has approved Kodak's plan to pay up to $13.5 million in bonuses to retain key managers as it reorganizes under bankruptcy protection. (Mon, 30 Apr 2012 15:13:22 -0700)

'Octomom' Files for Bankruptcy
'Octomom' Nadya Suleman files for bankruptcy, owes more than $30K in late rent payments (Mon, 30 Apr 2012 17:14:32 -0700)


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