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Home > Bankruptcy News

Bankruptcy News Sep 2012

Bankruptcy and divorce often mingle
As a bankruptcy and divorce attorney, I witness firsthand some of the problems that transpire when these two events go hand-in-hand. One recurring theme I see is a bankruptcy that is caused by overspending or overgiving by one party or the other. (Sun, 02 Sep 2012 01:25:35 -0700)

Bain-owned cable-box company files for bankruptcy
Bain-owned cable-box company files for bankruptcy NEW YORK (AP) — A cable-box repair company owned by the private equity firm Bain Capital is filing for bankruptcy protection, citing weakened demand for its services in recent years. In its bankruptcy filing, the company said that "fast-paced and drastic technological and economic changes" have weakened demand for traditional cable services, with ... (Sun, 02 Sep 2012 07:23:00 -0700)

Bankruptcy for Billionaires
When Bain walks out on its debts, it’s business as usual. (Sun, 02 Sep 2012 19:03:23 -0700)

Bankruptcy Case Halts Wethersfield's Efforts To Get Nott Street Building Fixed
The owner of a massive, half-built house on Nott Street, cited by the town as blighted, said he hopes to complete the building once his bankruptcy case concludes, his attorney said Friday. (Mon, 03 Sep 2012 09:38:10 -0700)

Bankruptcy saves tiny Rhode Island city, but leaves scars
Central Falls, Rhode Island (Reuters) - Central Falls, in Rhode Island, is close to emerging from bankruptcy with a plan that hammers its retired municipal employees but leaves bondholders unscathed, in a contrast with other recent U.S. municipal bankruptcies. On Thursday, a state-appointed receiver overseeing the finances of the tiny, impoverished city is expected to win court approval for a ... (Mon, 03 Sep 2012 17:05:44 -0700)

3 ways to save home after reverse mortgage
Dear Bankruptcy Adviser,My father recently passed away. He had a reverse mortgage on his home. I inherited the house when he passed away. The reverse mortgage company wants their money now that my father ... (Tue, 04 Sep 2012 00:01:08 -0700)

Ask Stacy: Do I Have to Admit to a Bankruptcy?
Do not judge me by my successes, judge me by how many times I fell down and got back up again. - Nelson Mandela James is ready to move on after completing a Chapter 13 bankruptcy, and wonders when his ... (Tue, 04 Sep 2012 02:55:41 -0700)

Bankruptcy tax write-offs concern county
ALAMOSA — If solar companies file bankruptcy, Alamosa County may not know about it until it’s too late to enter claims for taxes. (Tue, 04 Sep 2012 10:31:09 -0700)

Will Bankruptcy Rescue Reverse Mortgage?
With the loss of a parent, a reverse mortgage and little equity, what is a daughter to do? (Tue, 04 Sep 2012 11:38:41 -0700)

Bankruptcy judge throws out AMR pilots' contract
American Airlines took a major step toward emerging from bankruptcy Tuesday, when a federal judge threw out its pilots' union contract. (Tue, 04 Sep 2012 18:10:24 -0700)

Bankruptcy judge throws out AMR pilots' contract
American Airlines took a major step toward emerging from bankruptcy Tuesday, when a federal judge threw out its pilots' union contract.The airline's management has already negotiated concessions from its ... (Tue, 04 Sep 2012 18:12:16 -0700)

US bankruptcy judge throws out union contract of American Airlines' pilots
NEW YORK, N.Y. - American Airlines took a major step toward emerging from bankruptcy Tuesday, when a federal judge threw out its pilots' union contract. (Tue, 04 Sep 2012 20:06:23 -0700)

ResCap, San Bernardino, NewPage, Madoff: Bankruptcy
Owning 8 percent of the 9.625 percent junior secured notes due in 2015, Aurelius calls itself the third-largest holder of the secured notes. Aurelius contends that three more months of so-called exclusivity is sufficient. (Wed, 05 Sep 2012 06:01:41 -0700)

Journal Register Co. files for bankruptcy, owns Oakland Press, other local papers
Philadelphia — The Journal Register Co. has filed for bankruptcy protection for the second time in three years and hopes to reduce pensions and other costs through a quick sale of the news company's assets. (Wed, 05 Sep 2012 10:25:03 -0700)

Media Decoder Blog: Newspaper Publisher Files for Bankruptcy
The Journal Register Company, which is part of Digital First Media and publishes The New Haven Register and The Trentonian, emerged from bankruptcy three years ago. (Wed, 05 Sep 2012 10:39:18 -0700)

Bankruptcy Judge Confirms Dynegy's Plan to Exit Bankruptcy
A judge Wednesday cleared Dynegy Inc. (DYNIQ) to exit bankruptcy mostly in the hands of its unsecured creditors, an anticlimactic but important step toward the exit door of a tumultuous Chapter 11. (Wed, 05 Sep 2012 10:49:07 -0700)

Journal Register Co. seeks bankruptcy protection
The Journal Register Co. has filed for bankruptcy protection for the second time in three years and hopes to reduce pensions and other costs through a quick sale of the news company's assets. (Wed, 05 Sep 2012 11:10:21 -0700)

Student debt option: Bankruptcy
Despite what you may have heard, the truly desperate can have their student loan debt forgiven in bankruptcy court. But it's not easy. (Wed, 05 Sep 2012 11:45:21 -0700)

Philly Pops’ presenter cleared to exit bankruptcy
A reorganization plan for the presenter of the Philly Pops was approved Wednesday, clearing the way for the group to exit bankruptcy in about two weeks. Hearing no objections, Judge Eric L. Frank applauded lawyers for arriving at a plan with minimal litigation and wished the Pops luck. (Wed, 05 Sep 2012 16:44:26 -0700)

Central Falls, R.I., to Emerge From Bankruptcy
The debt-adjustment plan will allow downtrodden Central Falls, R.I., to emerge from bankruptcy after a little more than a year. (Wed, 05 Sep 2012 19:52:31 -0700)

Suburban newspaper publisher Journal Register files a second bankruptcy
The publisher of five daily newspapers in the Pennsylvania suburbs as well as the Trentonian careened into bankruptcy court on Wednesday for the second time since 2009. (Thu, 06 Sep 2012 00:21:40 -0700)

Judge affirms Central Falls, R.I. bankruptcy plan
(Reuters) - Central Falls, Rhode Island, took a big step toward exiting bankruptcy on Thursday when a judge signed off on a plan that balances the impoverished city's budget for the next five years by hiking taxes, cutting employees and pensions and revising labor contracts. The case has garnered attention for its treatment of the city's bondholders, who remain unscathed while pensioners took a ... (Thu, 06 Sep 2012 13:00:36 -0700)

Arkansas' Smith files Chapter 7 bankruptcy
LITTLE ROCK, Ark. (AP) -- Arkansas coach John L. Smith filed a Chapter 7 bankruptcy petition Thursday for debts he incurred through real estate investments in Kentucky. (Thu, 06 Sep 2012 16:40:32 -0700)

Judge OKs plan for Central Falls bankruptcy exit
A federal judge on Thursday signed off on a state-appointed receiver's recovery plan for Central Falls, paving the way for its exit from municipal bankruptcy and, eventually, the return of the city's elected government. (Fri, 07 Sep 2012 05:54:07 -0700)

Fletcher International Will Have Bankruptcy Case Trustee
Fletcher International Ltd., a bankrupt hedge fund managed by the investment firm of Alphonse “Buddy” Fletcher, will have a trustee oversee its bankruptcy, against the wishes of its parent company. (Fri, 07 Sep 2012 09:01:52 -0700)

Bankruptcy judge clears way for Solyndra plan vote
A federal bankruptcy judge in Delaware has cleared the way for creditors to begin voting on the proposed reorganization plan of failed solar power company Solyndra LLC . (Fri, 07 Sep 2012 10:38:18 -0700)

Bankruptcy judge clears way for Solyndra plan vote
A federal bankruptcy judge in Delaware has cleared the way for creditors to begin voting on the proposed reorganization plan of failed solar power company Solyndra LLC . (Fri, 07 Sep 2012 11:13:20 -0700)

Bankruptcy judge approves Solyndra plan vote
A federal bankruptcy judge in Delaware has cleared the way for creditors to begin voting on the proposed reorganization plan of failed solar power company Solyndra (Fri, 07 Sep 2012 11:14:53 -0700)

U.S. may fight Solyndra tax breaks in bankruptcy plan
WILMINGTON, Delaware (Reuters) - The U.S. government is gearing up for a politically charged fight over Solyndra's bankruptcy plan, as the former solar panel maker supported by President Barack Obama revealed a further $23 million in potential tax breaks for its venture capital backers. A U.S. bankruptcy judge on Friday cleared the way for creditors to vote on the plan, and scheduled a hearing ... (Fri, 07 Sep 2012 12:20:07 -0700)

Houston Bioenergy Company Terrabon Files for Chapter 7 Bankruptcy Protection
Terrabon, a Houston-based bioenergy company, has filed for bankruptcy protection under Chapter 7 of the Federal bankruptcy laws. Under Chapter 7 proceedings, the company’s operatio (Fri, 07 Sep 2012 15:31:00 -0700)

It's Personal: Collateral damage in the Waterloo Gardens bankruptcy
Two family-owned nurseries that have been around for generations in the Philadelphia suburbs are wishing the summer hadn't brought unexpected financial heat in the form of the Waterloo Gardens bankruptcy. (Mon, 10 Sep 2012 00:58:40 -0700)

Bankruptcy Attorney In Riverside Announces Huge Spike In New Clients From Recent Offer For A Free Consultation And ...
Bankruptcy attorneys Zhou & Chini announces the new ad campaigns for free consultations and payment plans have surpassed the firm’s expectations. The Riverside bankruptcy attorney have been offering consultations for free to Riverside California residents who are having debt issues or going into default with their home mortgage. The bankruptcy law firm extended their marketing campaigns to ... (Mon, 10 Sep 2012 03:05:08 -0700)

Pay $25K in credit card debt or file bankruptcy?
Dear Bankruptcy Adviser,I am retired and on Social Security. I also have a 401(k) worth about $60,000. I owe about $25,000 in credit card debt. I own nothing worth more than a 5-year-old car. Should I ... (Tue, 11 Sep 2012 00:00:33 -0700)

Number of individual bankruptcy filings drop
Although levels are still historically high, the good news is that individual bankruptcy filings have declined over the past year (Tue, 11 Sep 2012 04:00:00 -0700)

Use bankruptcy to wipe credit card debt?
Dear Bankruptcy Adviser, I am retired and on Social Security. I also have a 401(k) worth about $60,000. I owe about $25,000 in credit card debt. I own nothing worth more than a 5-year-old car. Should I pay off my debt? I paid nothing for several years trying to keep my house. (Tue, 11 Sep 2012 04:37:22 -0700)

DealBook: Too Much Protection for Derivatives in Bankruptcy
Several courts have lately been expanding the already broad protections that derivatives and repo contracts enjoy. (Tue, 11 Sep 2012 08:09:25 -0700)

'Tupac hologram' maker Digital Domain files for bankruptcy
Digital Domain filed for Chapter 11 bankruptcy protection, after the resignation of its CEO and the closing of its Florida office. (Tue, 11 Sep 2012 10:21:22 -0700)

'Tupac hologram' maker files for bankruptcy
Digital Domain filed for Chapter 11 bankruptcy protection, after the resignation of its CEO and the closing of its Florida office. (Tue, 11 Sep 2012 10:48:01 -0700)

Judge Gives ResCap Sole Control of Bankruptcy Through December
A bankruptcy judge on Tuesday extended until December the amount of time Residential Capital LLC can file a reorganization plan without the threat of rival proposals but promised he'd keep a "tight leash" on the slow-moving Chapter 11 case. (Tue, 11 Sep 2012 11:34:07 -0700)

ResCap's exclusive right to bankruptcy plan extended to December 20
NEW YORK (Reuters) - Residential Capital's exclusive right to present a plan to get out of bankruptcy was extended until December 20 during a court hearing on Tuesday, a company spokeswoman said. The court's decision fell short of the nine-month extension that ResCap, a home mortgage lender that filed for bankruptcy in May, had requested. Companies ask for such extensions - often several times ... (Tue, 11 Sep 2012 12:07:30 -0700)

Media Decoder Blog: John Paton Says Journal Register Bankruptcy Is a Necessity
The head of Digital First Media Group has been heavily criticized since his Journal Register Company filed for bankruptcy last week, but he asserted that it was "the absolute right thing to do.'' (Tue, 11 Sep 2012 12:31:57 -0700)

Pay $25K in Credit Card Debt or File Bankruptcy?
Cashing out your 401(k) instead of filing bankruptcy may be riskier than you think. (Tue, 11 Sep 2012 13:18:55 -0700)

Expansion pushed Digital Domain from "Titanic" to bankruptcy
(Reuters) - Digital Domain Media's filing for bankruptcy protection on Tuesday is the latest twist in a Hollywood saga that started when James Cameron launched the special effects powerhouse for his film "Titanic" and ended with its outgoing chief executive firing off a letter that called the board's decision-making "not only unwise but without compassion." The company, which created special ... (Tue, 11 Sep 2012 15:34:18 -0700)

Use bankruptcy to wipe credit card debt?
Dear Bankruptcy Adviser, I am retired and on Social Security. I also have a 401(k) worth about $60,000. I owe about $25,000 in credit card debt. I own nothing worth more than a 5-year-old car. Should I pay off my debt? I paid nothing for several years trying to keep my house. (Wed, 12 Sep 2012 04:38:12 -0700)

What are the consequences of filing for bankruptcy?
It's true that bankruptcy carries less of a stigma than it once did. Still, approach bankruptcy with caution. (Wed, 12 Sep 2012 08:48:23 -0700)

Golub Says Obama Violated Bankruptcy Principle in GM Aid
“One of the major elements of a bankruptcy is that debtors similarly situated get treated the same,” Golub told Bloomberg Television’s Betty Liu on the “In the Loop” program today. “They changed the rules and bailed out the unions, not the companies.” (Wed, 12 Sep 2012 09:41:56 -0700)

AMR Risks Bankruptcy Delay on Pilot Rift as US Air Waits
While AMR’s unsecured creditors committee wants a contract approved by pilots before leaving Chapter 11, Fort Worth , Texas- based American is imposing cost cuts spurned by the union. (Wed, 12 Sep 2012 12:16:41 -0700)

Bankruptcy judge rejects quick sale of Digital Domain’s studios
A bankruptcy judge refused on Wednesday to approve a sale next week of Hollywood special-effects company Digital Domain Media Group, which says it risks losing its movie studio clients if it fails to hold a fast auction. (Wed, 12 Sep 2012 14:54:21 -0700)

Bankruptcy judge OKs 3 labor deals for American Airlines
Dallas — A federal bankruptcy judge has approved three labor contracts that were ratified by union workers at American Airlines. (Wed, 12 Sep 2012 14:55:10 -0700)

Bankruptcy judge OKs 3 American Air labor deals
American Airlines will reduce retirement benefits and ease restrictions on outsourcing of flying to other airlines as it attempts a turnaround under bankruptcy protection. (Wed, 12 Sep 2012 20:36:48 -0700)

How to bounce back after bankruptcy
If "bankruptcy" shows up on your credit report, getting a loan can be tough; Here are some steps to improve your credit and move forward (Thu, 13 Sep 2012 07:46:47 -0700)

Mortgages – Life After Bankruptcy
A bankruptcy filing typically remains on a credit report for seven years, but that doesn’t mean borrowers have to wait that long to apply for a mortgage. (Thu, 13 Sep 2012 15:17:11 -0700)

Murrieta Bankruptcy Attorneys Experience More Than Expected Call Volume From Recent Marketing Efforts
The Bankruptcy attorneys Zhou & Chini has noted higher than expected calls from their recent advertising campaigns. The bankruptcy lawyers state the call volume has doubled for the city of Murrieta, CA over the last 60 days and are receiving calls on a daily bases. One can remember the bankruptcy firm launched internet campaigns offering free consultations and payment plans for residents in ... (Fri, 14 Sep 2012 03:03:17 -0700)

Eastman Kodak postpones bankruptcy auction on patents
Eastman Kodak Co. canceled an auction hearing to sell more than 1,000 patents in an effort to emerge from bankruptcy protection. In a court filing Friday, Eastman Kodak Co. said it won't keep rescheduling the auction. (Fri, 14 Sep 2012 09:26:34 -0700)

Bankruptcy's Long-Term Effects On Your Credit
The decision to declare bankruptcy is never entered into lightly but one of the drawbacks that isn't often considered is the long term effects. Declaring bankruptcy is by no means a quick fix. It's a complicated process and requires a lot of paperwork and time going through the proceedings. (Fri, 14 Sep 2012 09:26:40 -0700)

Pinnacle Pilots Respond to Section 1113 Bankruptcy Filing
Capt. Tom Wychor, Chairman of the Pinnacle Airlines arm of the Air Line Pilots Association, Int’l , released the following statement regarding the Section 1113 filing by Pinn (Fri, 14 Sep 2012 14:43:00 -0700)

Get bankruptcy attorney's opinion before filing
An attorney can assess the situation and determine whether bankruptcy is a reasonable option. Dear Liz: My husband and I are wondering whether it is time to file for bankruptcy. We have about $20,000 in credit card debt, largely because of a home addition and remodeling project my husband began five years ago. It has been much more costly and time consuming than he anticipated and is not even ... (Sun, 16 Sep 2012 00:20:21 -0700)

Bankruptcy judge OKs 3 American Air labor deals
Bankruptcy judge OKs 3 American Air labor deals DALLAS (AP) — A federal bankruptcy judge has approved three labor contracts that were ratified by union workers at American Airlines. The judge on Wednesday approved deals with flight attendants, mechanics and maintenance clerks. The pilots rejected a company contract offer last month, and American was expected to begin imposing pay and work terms ... (Sun, 16 Sep 2012 05:39:51 -0700)

Madoff, Kodak, Journal Register, Lehman, H&M: Bankruptcy
Silver Point Capital LP, Whitebox Advisors LLC and Pioneer Investment Management Inc. among themselves own $152 million of the $225 million in senior secured notes, according to a court filing by their lawyers on Sept. 14. (Mon, 17 Sep 2012 03:42:44 -0700)

Biz Brain: What types of debt can't be discharged in a bankruptcy?
Don't expect to get rid of alimony debt or student loan debt in a bankruptcy (Mon, 17 Sep 2012 05:05:46 -0700)

Mortgage After Bankruptcy? It’s Easier Than You Think
Every month tens of thousands of people file for federal bankruptcy protection, mostly to wipe out debts and start anew. (Mon, 17 Sep 2012 07:27:06 -0700)

Syms emerges from Chapter 11 bankruptcy protection
Discount retailer Syms Corp. said Monday that it completed its financial restructuring and emerged from Chapter 11 bankruptcy protection after closing all of its stores and liquidating their merchandise. (Mon, 17 Sep 2012 12:27:30 -0700)

KEL partner files Chapter 7 bankruptcy
The top bankruptcy-law partner of Orlando's KEL law firm has himself declared bankruptcy, citing millions of dollars in debt that now dwarf his financial resources. (Mon, 17 Sep 2012 17:09:45 -0700)

Orlando KEL law firm partner files Chapter 7 bankruptcy
The top bankruptcy-law partner of Orlando's KEL law firm has himself declared bankruptcy, citing millions of dollars in debt that now dwarf his financial resources. (Mon, 17 Sep 2012 17:35:48 -0700)

Medalist's Latest Setback Is Bankruptcy
Olympic medalist Rulon Gardner's belongings head to Utah auction house after bankruptcy filing (Tue, 18 Sep 2012 13:05:59 -0700)

Bankruptcy for ex-Olympian
SALT LAKE CITY (AP) - In another setback for one of the world's most decorated wrestlers, Olympic gold medalist Rulon Gardner filed for bankruptcy. The move came after Gardner tried to capitalize on his fame in numerous business and publicity pursuits over the years. (Tue, 18 Sep 2012 13:42:03 -0700)

Olympic medalist's latest setback is bankruptcy
In another setback for one of the world's most decorated wrestlers, Olympic gold medalist Rulon Gardner has filed for bankruptcy after trying to capitalize on his fame in numerous business and publicity pursuits over the years. (Tue, 18 Sep 2012 16:59:25 -0700)

Wrestler Gardner files for bankruptcy
In another setback for one of the world's most decorated wrestlers, Olympic gold medalist Rulon Gardner has filed for bankruptcy after trying to capitalize on his fame in numerous business and publicity pursuits over the years. (Tue, 18 Sep 2012 17:19:32 -0700)

In Bankruptcy Not Bailout: A Special Chapter 14, Kenneth E. Scott, John B. Taylor, Leading Economists and Legal ...
Hoover Institution Press today released Bankruptcy Not Bailout: A Special Chapter 14, edited by Hoover senior research fellow and law professor Kenneth E. Scott and Hoover senior fellow and economist John B. (Wed, 19 Sep 2012 07:30:00 -0700)

Bankruptcy: Is there a better way out of debt?
Dear Debt Adviser,I was laid off in 2009 and without a job for two years. During those two years, I accumulated $21,000 in credit card debt. I'm now supposed to pay $700 per month for the credit card debt ... (Thu, 20 Sep 2012 00:00:45 -0700)

Sands & Associates, Inc. Joins Personal Bankruptcy Canada's Growing Network of Trustees
Sands & Associates is the most recent addition to the ever-growing Personal Bankruptcy Canada network of financial and debt management professionals. (Thu, 20 Sep 2012 03:00:00 -0700)

Ark. coach Smith bankruptcy shows $25.7M debt
FAYETTEVILLE, Ark. (AP) -- New documents filed in Arkansas coach John L. Smith's bankruptcy show he has debts of more than $25 million and assets of just over $1.2 million. (Thu, 20 Sep 2012 09:13:54 -0700)

Vann's bankruptcy switching to liquidation
Vann's Inc., the appliance and electronics store that filed for bankruptcy last month to reorganize its finances, asked the court to convert the bankruptcy to a liquidation and has given its Missoula employees 60-day layoff notices. (Thu, 20 Sep 2012 09:21:21 -0700)

Arkansas' Smith bankruptcy shows $25.7M debt
FAYETTEVILLE, Ark. (AP) -- New documents filed in Arkansas coach John L. Smith's bankruptcy show he has debts of more than $25 million and assets of just over $1.2 million. (Thu, 20 Sep 2012 09:58:12 -0700)

Arkansas coach Smith bankruptcy shows $25.7M debt
LITTLE ROCK, Ark. (AP) -- Arkansas coach John L. Smith is trying to wipe away $25.7 million in debt in bankruptcy court and hang onto $1.2 million in retirement accounts and some personal property, all while he leads the Razorbacks through one of the strangest seasons in team history. (Thu, 20 Sep 2012 11:00:04 -0700)

Arkansas Coach Smith Bankruptcy Shows $25.7M Debt
Bankruptcy documents for Arkansas coach John L. Smith show $25.7M debt; assets of $1.2M (Thu, 20 Sep 2012 11:37:15 -0700)

Bankruptcy Attorney Pleads Not Guilty In Tax Evasion Case
Bankruptcy attorney Randolph H. Goldberg pleaded not guilty in federal court Thursday to tax evasion charges. Goldberg, 48, who regularly advertises on television, was indicted by a federal grand jury on Wednesday. He is facing four counts of tax evasion (Thu, 20 Sep 2012 17:19:54 -0700)

REFILE-Indonesia telecom giant's bankruptcy stirs fears of legal abuses
(Refiles to correct spelling of law firm's name in 17thparagraph) * Bankruptcy declared over disputed $550,000 debt * Ruling triggered by fight with former business partner * Telkomsel expected to succeed ... (Thu, 20 Sep 2012 19:39:32 -0700)

Feds: Lawyer used credit cards of his bankruptcy clients
A Vernon Hills attorney used his bankruptcy clients’ credit cards and also had an employee create bogus tax returns so he could put off paying his student loans and buy a car, federal prosecutors said today. (Fri, 21 Sep 2012 10:53:30 -0700)

Feds: Lawyer used bankruptcy clients' credit cards
A Vernon Hills attorney used his bankruptcy clients’ credit cards and also had an employee create bogus tax returns so he could put off paying his student loans and buy a car, federal prosecutors said today. (Fri, 21 Sep 2012 11:13:01 -0700)

Feds: Lawyer used credit cards of his bankruptcy clients
A Vernon Hills attorney used his bankruptcy clients’ credit cards and also had an employee create bogus tax returns so he could put off paying his student loans and buy a car, federal prosecutors said today. (Fri, 21 Sep 2012 11:19:44 -0700)

D.C. area bankruptcy filings, for Sept. 24
These firms recently filed with the U.S. Bankruptcy Court’s local court clerk’s offices. Under Chapter 11 of the federal bankruptcy code, a company is protected from claims by creditors while it attempts to reorganize its finances under a plan approved by the court. Read full article >> (Sun, 23 Sep 2012 16:49:00 -0700)

Study Links Medical Costs and Personal Bankruptcy
Medical problems caused 62% of all personal bankruptcies filed in the U.S. in 2007, according to a study by Harvard researchers. (Sun, 23 Sep 2012 20:21:38 -0700)

Bankruptcy may be best option
Q. I was laid off in 2009 and without a job for two years. During those two years, I accumulated $21,000 in credit card debt. I'm now supposed to pay $700 per month for the credit card debt on top of my $900 mortgage payment. I am behind on both: one month with the mortgage and one month with the credit cards. The good news is I have a full-time job now that pays $1,600 net a month with a ... (Sun, 23 Sep 2012 23:06:12 -0700)

Goodwin Procter Launches MuniBK Municipal Bankruptcy Blog
Goodwin Procter, a national Am Law 50 firm, today announced the launch of MuniBK, a new blog focused on the growing issue of municipal bankruptcy. MuniBK provides links to curated (Mon, 24 Sep 2012 07:45:00 -0700)

Hologic seeks Makena rights in KV bankruptcy fight
Hologic Inc. is asking the bankruptcy court to give the Mass. drug firm the rights to premature-birth drug Makena that Hologic had sold to drugmaker KV Pharmaceutical, according to Bloomberg News. (Mon, 24 Sep 2012 12:30:00 -0700)

Bankruptcy judge approves sale of Digital Domain's assets
PORT ST. LUCIE — A federal bankruptcy judge in Delaware on Monday approved the sale of assets belonging to Digital Domain Media Group Inc. to a partnership of Chinese and Indian film companies. (Mon, 24 Sep 2012 15:34:00 -0700)

Should I file bankruptcy to avoid debt collectors?
Dear Bankruptcy Adviser,I lost my job about seven months ago and as of yet have not been able to find another job. I have about $15,000 in credit card debt and have been able to make my minimum monthly ... (Tue, 25 Sep 2012 00:00:58 -0700)

RIM: Bankruptcy Risk?
After the close on Thursdsay, Research In Motion will report results for its fiscal second quarter ended August. The results are likely to be uninspiring at best. (Tue, 25 Sep 2012 08:28:36 -0700)

Get-Rich-Quick Marketer Files for Bankruptcy After Ban
John N. Beck II, a marketer of so- called get-rich-quick systems, filed for bankruptcy protection after a federal court imposed a lifetime ban that put him out of the infomercial and telemarketing businesses. (Tue, 25 Sep 2012 09:27:50 -0700)

Del. bankruptcy judge approves Digital Domain sale
A Delaware bankruptcy judge has approved the sale of a digital production company founded by film director James Cameron. (Tue, 25 Sep 2012 11:02:36 -0700)

Patriot Coal, AMR, Tri-Valley, Contec, Ritz: Bankruptcy
Patriot Coal Corp. (PCXCQ) reported a $29.8 million net loss in August as it awaits a ruling on whether its bankruptcy case will remain in New York or be moved to suit the wishes of thousands of workers. (Wed, 26 Sep 2012 03:42:38 -0700)

Commission candidate downplays bankruptcy
She has been the CEO of a successful software consulting company and founded a nonprofit organization that helps foster kids. (Wed, 26 Sep 2012 04:00:00 -0700)

California Mayor Asks for Prayers as Bankruptcy Looms
Atwater, California, is going broke under the weight of public employee costs, lost revenue and a stagnant economy, pushing it toward becoming the state’s fourth city to seek bankruptcy protection. (Wed, 26 Sep 2012 05:39:33 -0700)

Another California city scrambling to avoid bankruptcy
Atwater, a city of roughly 28,000 in California's Central Valley, may declare a fiscal emergency as soon as next week, but it is trying to avoid becoming the fourth California city to file for municipal bankruptcy this year, its mayor said. (Thu, 27 Sep 2012 04:43:00 -0700)

Toronto man charged with fraud relating to the bankruptcy process
TORONTO , Sept. 27, 2012 /CNW/ - The Integrated Bankruptcy Enforcement Unit comprised of the Royal Canadian Mounted Police (RCMP) - Greater Toronto Area (GTA) Commercial Crime Section and the Ontario Region ... (Thu, 27 Sep 2012 06:30:00 -0700)

Start Fresh Today® and Best Case® Bankruptcy Integration Provides Single-Source Access to Consumer Bankruptcy Solutions
FORT LAUDERDALE, Fla., Sept. 27, 2012 /PRNewswire/ --  Start Fresh Today ®, a leading bankruptcy course provider, has partnered with Wolters Kluwer Law & Business to create an interface  within Best Case ... (Thu, 27 Sep 2012 07:41:00 -0700)

Metro Fuel Oil Files Bankruptcy in Brookly With Sale Plan
Metro Fuel Oil Co., a closely held provider of heating oil, construction site fueling and central air conditioning, filed for bankruptcy with a proposed investment from the real-estate billionaire Sam Zell and a plan to sell the company in 90 days. (Thu, 27 Sep 2012 08:28:05 -0700)

Sprint's iPhone 5 Risks Don't Include Bankruptcy
Telecom sector bear Craig Moffett says bankruptcy is off the table for Sprint, but Apple iPhone 5 risks remain. Click to view a price quote on S . Click to research the Telecommunications industry. (Thu, 27 Sep 2012 10:08:47 -0700)

Bankruptcy Attorneys Introduction of Free Consultations by Renowned Santa Ana Bankruptcy Attorneys Zhou & Chini ...
Acclaimed Santa Ana bankruptcy attorneys Zhou and Chini have recently introduced a special benefit for the city residents looking to file their bankruptcy petition. This excellent program offers an opportunity to individuals to utilize one on one consultation with the legal experts from the company regarding all their bankruptcy related concerns. Filing for bankruptcy can be an expensive affair ... (Fri, 28 Sep 2012 03:05:12 -0700)

Bankruptcy Auctions Go Online to Boost Cash for Creditors
Joel L. Tabas, a bankruptcy trustee in Miami, bypassed traditional liquidators when faced with the challenge of selling a debtor’s 2006 Hummer H3 this year. Instead, he put it on EBay. (Fri, 28 Sep 2012 08:42:38 -0700)

BANKRUPTCY WEEK AHEAD: Bain's Contec Aims to Exit Chapter 11
BANKRUPTCY WEEK AHEAD: Bain's Contec Aims to Exit Chapter 11 (Fri, 28 Sep 2012 09:03:52 -0700)

AskMrCreditCard.com Announces Launch Of Kindle ebook On Credit and Bankruptcy
WAYNE, Pa., Sept. 28, 2012 /PRNewswire/ -- AskMrCreditCard.com has just launched our first ebook in the kindle format. The title is "Rebuilding Credit and Life After Bankruptcy".This book is ... (Fri, 28 Sep 2012 10:30:00 -0700)

Digital Domain emerges from bankruptcy
Digital Domain, the once-storied visual effects house co-founded by director James Cameron, has emerged from bankruptcy with new Chinese and Indian owners vowing to expand the Los Angeles-based studio. (Fri, 28 Sep 2012 16:43:41 -0700)

Bankruptcy attorney helps businesses avoid bankruptcy
Attorney Evan Smiley is author of the book "Bankruptcy for Businesses" and a partner at Weiland, Golden, Smiley, Wang Ekvall & Strok, LLP in Costa... (Fri, 28 Sep 2012 16:55:26 -0700)

Bankruptcy liquidators turn to Web
Bankruptcy liquidators turn to Web Online offerings have included a $1.5 million house with a view of Mount Shasta, 215 pairs of sneakers from football star Warren Sapp's Air Jordan collection, and a set of Arizona cemetery plots. Online sales are "the single most revolutionary tool the auction business has ever seen," said Mark Weitz, a unit president of liquidator Great American Group Inc ... (Fri, 28 Sep 2012 20:09:26 -0700)

Old claims follow Hawker Beechcraft in bankruptcy
A long-running legal fight involving allegations that Hawker Beechcraft made false statements and misrepresentations in the sale of military aircraft to the United States is now dogging the company's bankruptcy proceedings in New York. (Sat, 29 Sep 2012 09:48:19 -0700)

Shreveport businessman, girlfriend convicted of bankruptcy fraud
A Shreveport businessman and his girlfriend have been convicted in federal court of concealing nearly $2 million from his creditors in the course of his bankruptcy proceeding. (Sat, 29 Sep 2012 13:10:17 -0700)

Line of creditors long in Parsons/THR bankruptcy
People holding thousands of bounced checks written by THR & Associates of Springfield last spring and summer will have to join a long line of creditors if they hope to collect, say bankruptcy and consumer experts. Even then, the odds are against an individual in federal bankruptcy court. (Sat, 29 Sep 2012 20:48:43 -0700)


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