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Home > Bankruptcy News

Bankruptcy News Oct 2012

NewPage Settles With Creditors Over Bankruptcy Plan
NewPage Corp., the largest U.S. coated-paper maker, settled with creditors over its plan to exit bankruptcy by agreeing to give first-lien noteholders all of the stock in the reorganized company. (Mon, 01 Oct 2012 11:31:52 -0700)

What happens to mortgage, home after bankruptcy?
Dear Bankruptcy Adviser,I am underwater on my house and have a small amount past due on the mortgage. I have attempted to resolve the issue with the mortgage company but haven't had any luck. Due to other ... (Tue, 02 Oct 2012 00:01:27 -0700)

What happens to mortgage, home after bankruptcy?
Dear Bankruptcy Adviser,I am underwater on my house and have a small amount past due on the mortgage. I have attempted to resolve the issue with the mortgage company but haven't had any luck. Due to other ... (Tue, 02 Oct 2012 00:01:27 -0700)

Quebecor, Christ Hospital, Madoff, Patriot: Bankruptcy
The hopes of Quebecor World (USA) Inc. creditors for a major payday were dashed again when a district judge upheld dismissal of a lawsuit to recover $376 million for bonds repurchased within three months of the company’s bankruptcy in January 2008. (Tue, 02 Oct 2012 05:46:53 -0700)

Dynegy emerges from Chap. 11 bankruptcy protection
The electric power producer Dynegy Inc. has emerged from Chapter 11 bankruptcy protection.The Houston company, which generates and sells electricity in wholesale power markets, said late Monday that its ... (Tue, 02 Oct 2012 09:18:09 -0700)

Bankruptcy pain for Vick
Michael Vick may be making millions tossing a football in the NFL, but the Philadelphia Eagles quarterback has been unable to keep most of it. (Tue, 02 Oct 2012 09:51:15 -0700)

Dynegy Emerges From Chapter 11 Bankruptcy Protection
HOUSTON (AP) — The electric power producer Dynegy (OTC: DYNIQ) has emerged from Chapter 11 bankruptcy protection. (Tue, 02 Oct 2012 10:05:02 -0700)

Dynegy Officially Emerges From Chapter 11 Bankruptcy
Dynegy Officially Emerges From Chapter 11 Bankruptcy (Tue, 02 Oct 2012 11:02:39 -0700)

What Happens to Mortgage, Home After Bankruptcy?
Reaffirming a mortgage in bankruptcy can be tough and nearly impossible if you're behind on house payments. (Tue, 02 Oct 2012 13:17:43 -0700)

Can You Operate a Business During a Bankruptcy?
There seems to be a lot of confusion about the difference between filing for personal or a business bankruptcy. (Tue, 02 Oct 2012 14:00:00 -0700)

UK bankruptcy firm acquired
DUBLIN LAW firm Anthony Joyce Co has boughtIrishBankruptcyUK.ie, a UK firm that assists Irish people seeking bankruptcy in Britain, for an undisclosed sum. The merger will result in the formation of a new joint Irish and UK personal insolvency company, Debt Options, which will be based in Dublin. (Tue, 02 Oct 2012 17:03:41 -0700)

Spanish owners of Gecina file for bankruptcy: source
MADRID (Reuters) - Two Spanish investment firms with a majority stake in French property company Gecina have filed for bankruptcy on 1.6 billion euros ($2.1 billion) of debt, a source with knowledge of the matter said on Wednesday. The bankruptcy proceedings, amongst the biggest in Spanish corporate history, follow failure by the two firms, Alteco and MAG Import, to refinance a syndicated loan ... (Wed, 03 Oct 2012 01:29:17 -0700)

Spanish court to rule on Alteco bankruptcy filing next week
MADRID (Reuters) - A Spanish court will decide whether to accept a bankruptcy filing by investment firms Alteco and Mag Import next week, a court spokesman said on Wednesday. Earlier, Alteco and Mag Import -- which control a combined 31 percent stake in French property firm Gecina -- said they were filing for bankruptcy after failing to refinance a 1.6 billion euro ($2.1 billion) syndicated loan ... (Wed, 03 Oct 2012 04:20:14 -0700)

Spanish investors in Gecina file for bankruptcy
MADRID (Reuters) - Two Spanish investment firms that own 31 percent of French property company Gecina have filed one of the biggest bankruptcy actions in Spanish history after a bank refused to refinance a 1.6 billion euro ($2.1 billion) loan. Alteco, owned by former Gecina chairman Joaquin Rivero, and peer MAG Import said they had kept up with their payments on the syndicated loan, and the ... (Wed, 03 Oct 2012 07:13:34 -0700)

Bakers Footwear Files for Bankruptcy After Sales Decline
-- Bakers Footwear Group Inc. (BKRS) , a mall-based retailer of shoes for young women, filed for bankruptcy protection after announcing a plan to close stores and reduce costs because of declining sales. (Wed, 03 Oct 2012 12:12:38 -0700)

Bakers shoe chain files for bankruptcy
(Reuters) - Bakers Footwear Group Inc, which operates 215 women's shoe stores in the United States, filed for bankruptcy protection on Wednesday as it struggles to restructure its business amid falling sales. Sales at St. Louis-based Bakers' mall-based stores have fallen 5.9 percent compared to last year, squeezing the company's cash and causing it to default on a loan, according to court ... (Wed, 03 Oct 2012 13:13:11 -0700)

Bankruptcy meeting set in Red Gold case
SHAMOKIN - A bankruptcy trustee appointed by the federal government will meet with creditors next month as the next step in Red Gold Enterprises Inc. filing for Chapter 7 protection. The original list of creditors, however, has been trimmed to just one, (Wed, 03 Oct 2012 21:00:00 -0700)

L.C. Taylor & Company Joins the Expanding Personal Bankruptcy Canada Financial and Debt Management Network
Personal Bankruptcy Canada today announced Manitoba-based L.C. Taylor & Company has joined the Personal Bankruptcy Canada network of Canadian financial and debt management experts and resources. (Thu, 04 Oct 2012 04:00:00 -0700)

4th Calif. city faces bankruptcy as 'disease' spreads
Municipal bankruptcies are spreading like a “disease” in California, one public finance expert warned Wednesday as the city of Atwater declared a fiscal emergency with a budget gap of more than $3 million. (Thu, 04 Oct 2012 05:00:00 -0700)

5 Reasons Not To File For Bankruptcy In Your 20s
Filing for bankruptcy in your 20s is a bad idea. You could miss out on job opportunities and even lose your home. (Thu, 04 Oct 2012 07:28:54 -0700)

Bankruptcy Judge Approves Gamma Medica’s DIP Financing
Judge Victoria Kaufman of the U.S. Bankruptcy Court for the Central District of California approved Gamma Medica Inc.’s $1.5 million debtor-in-possession financing on a final basis October 3, 2012 as part of its Chapter 11 restructuring. (Thu, 04 Oct 2012 08:52:00 -0700)

Bain Capital’s Contec Wins Bankruptcy Plan Court Approval
Contec Holdings Ltd., the cable-box repair company owned by Bain Capital LLC, won court approval of a bankruptcy recovery plan that will shed long-term debt by about $300 million. (Thu, 04 Oct 2012 09:12:38 -0700)

Bankruptcy judge rules in favor of Hostess, workers likely to take pay cut
Hostess, which filed for chapter 11 bankruptcy in January, says the cost cutting measures were its only option for getting out of bankruptcy. A bankruptcy judge has ruled in favor of the Hostess, giving it permission to change the collective bargaining agreements it had with various unions. (Thu, 04 Oct 2012 20:15:36 -0700)

Near-miss inspires bankruptcy battle
When Christian Oey was in the depths of depression, he somehow managed to find a voice to negotiate himself clear of bankruptcy. (Fri, 05 Oct 2012 03:36:32 -0700)

Dynegy emerges from bankruptcy, stock to return to market
Dynegy emerges from bankruptcy, stock to return to market Houston Chronicle Copyright 2012 Houston Chronicle. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Published 6:38 p.m., Tuesday, October 2, 2012 Shares in power producer Dynegy are slated to begin trading Wednesday on the New York Stock Exchange after the company emerged from Chapter 11 ... (Fri, 05 Oct 2012 05:09:52 -0700)

Elkins estate buyer agrees to bankruptcy dismissal
The Land Conservancy of Elkins Park, which fell on hard times after buying the landmark Elkins estate in Montgomery County, has agreed to have a federal judge dismiss its bankruptcy case. (Sat, 06 Oct 2012 00:06:27 -0700)

Real estate Q & A: Attorney botches mortgage work in a bankruptcy proceeding
QUESTION: My Chapter 7 bankruptcy was discharged this spring. My attorney had me reaffirm my primary mortgage prior to filing the Chapter 7. He said this would be necessary in order to ask the court to dismiss the second mortgage. (Sun, 07 Oct 2012 07:32:28 -0700)

Plan to get Renegade out of bankruptcy gets mixed reviews
The bankruptcy exit plan for three Mocksville tobacco companies received — as expected — a mixed response from its creditors, according to a filing last week. (Sun, 07 Oct 2012 15:37:04 -0700)

FitzPatrick bankruptcy examination adjourned
An application by a court-appointed official to question Sean FitzPatrick in the High Court as part of bankruptcy proceedings has been adjourned. (Mon, 08 Oct 2012 05:39:09 -0700)

FitzPatrick bankruptcy proceedings adjourned
An application by a court appointed official to question Seán FitzPatrick in the High Court as part of bankruptcy proceedings has been adjourned. (Mon, 08 Oct 2012 05:39:19 -0700)

Protect your home if bankruptcy is coming
Whether you keep your home in bankruptcy depends on which type you file, and in which state, so seek legal advice (Mon, 08 Oct 2012 15:00:00 -0700)

Bankruptcy court asked to adjourn application
AN APPLICATION to examine Seán FitzPatrick about the ownership of a high-rise office block in London could prejudice criminal proceedings against the former Anglo Irish Bank chairman, the High Court has heard. (Mon, 08 Oct 2012 16:26:46 -0700)

Kill college credit mistakes with bankruptcy?
Dear Bankruptcy Adviser,It's been more than seven years since my college credit card mistakes were made, and most of the bad marks on my credit report are gone. The statute of limitations in my state has ... (Tue, 09 Oct 2012 00:04:59 -0700)

Levenfeld Helps Resolve Bankruptcy Case on Behalf of Unsecured Creditors
Levenfeld Pearlstein’s bankruptcy group has proven that Chapter 11 matters can be resolved quickly and efficiently for both secured and unsecured creditors. (Tue, 09 Oct 2012 05:00:00 -0700)

Private equity paying up for Mervyn's bankruptcy
Three PE firms and several banks agreed to pay Mervyn's department store creditors $166 million to settle allegations that the firms took fraudulent profits and drove the retailer into bankruptcy four years ago. (Tue, 09 Oct 2012 08:59:20 -0700)

Highmark-WPAHS dealings complicated by bankruptcy scenario
Highmark's suggestion that WPAHS file for bankruptcy would not be the first time a health system went that route to purchase another party. (Tue, 09 Oct 2012 09:29:51 -0700)

Arcapita Wins More Time From Judge to Control Bankruptcy
Arcapita Bank BSC, an Islamic- compliant fund manager, can extend control of its bankruptcy, a judge said, overruling objections from lenders. (Tue, 09 Oct 2012 13:05:46 -0700)

American Eagle CEO Sees Spinoff After AMR Bankruptcy Completed
AMR Corp. (AAMRQ) may revive plans to spin off its American Eagle regional airline after emerging from bankruptcy, according to the unit’s chief executive officer. (Tue, 09 Oct 2012 14:52:43 -0700)

UPDATE 1-US judge OKs $71.5 mln Dewey & LeBouef bankruptcy deal
A U.S. bankruptcy judge approved a $71.5million settlement on Tuesday between former partners of Dewey &LeBoeuf and the estate of the law firm whose demise in Mayconstituted the largest law-firm bankruptcy ... (Tue, 09 Oct 2012 16:44:27 -0700)

U.S. judge OKs $71.5 mln Dewey & LeBouef bankruptcy deal
By Casey Sullivan REUTERS - A U.S. bankruptcy judge approved a $71.5 million settlement on Tuesday between former partners of Dewey & LeBoeuf and the estate of the law firm whose demise in May constituted ... (Tue, 09 Oct 2012 17:17:34 -0700)

How to get a mortgage post-bankruptcy
For those who have declared bankruptcy, it may feel as though you're on financial probation for up to 10 years, since that's how long a bankruptcy can stay on your credit report. (Wed, 10 Oct 2012 08:33:53 -0700)

Vertis Holdings Files Bankruptcy for 3rd Time Since 2008
Vertis Holdings Inc., a maker of advertising inserts, filed bankruptcy for the third time since 2008, saying it plans to sell itself to Quad/Graphics Inc. (QUAD) as part of a court-supervised auction. (Wed, 10 Oct 2012 14:50:58 -0700)

UNITE HERE Announces Opposition to Solyndra Bankruptcy Plan
Officials of UNITE HERE, a hospitality workers union with 250,000 members, have taken the unusual step of publicly denouncing a proposed bankruptcy reorganization plan. (Thu, 11 Oct 2012 07:02:00 -0700)

Vertis Holdings files for bankruptcy, agrees to sell firm
Third bankruptcy filing in recent years Baltimore-based Vertis Holdings Inc., at one time the largest U.S. producer of advertising inserts in newspapers, plans to sell itself to a Wisconsin printing company for $258.5 million through an auction in U.S. Bankruptcy Court. (Thu, 11 Oct 2012 08:33:48 -0700)

Twinkies maker has plan to emerge from bankruptcy: wage cuts
Hostess Brands filed a plan to emerge from bankruptcy which will involve cuts in employees' pay, health and pension plans. (Thu, 11 Oct 2012 10:00:39 -0700)

Twinkies maker has plan to emerge from bankruptcy: wage cuts
Hostess Brands filed a plan to emerge from bankruptcy which will involve cuts in employees' pay, health and pension plans. (Thu, 11 Oct 2012 10:13:17 -0700)

Twinkies maker's plan to emerge from bankruptcy
Hostess, maker of Twinkies and other treats, would cut wages, freeze pension payments to emerge from bankruptcy but a threatened strike by bakers could kill company. (Thu, 11 Oct 2012 10:14:20 -0700)

Twinkies maker's plan to emerge from bankruptcy
Hostess, maker of Twinkies and other treats, would cut wages, freeze pension payments to emerge from bankruptcy but a threatened strike by bakers could kill company. (Thu, 11 Oct 2012 10:57:29 -0700)

Tully's Coffee parent files for Ch. 11 bankruptcy
The parent company of Tully's Coffee is seeking Chapter 11 bankruptcy protection and is closing nine stores this Sunday. (Thu, 11 Oct 2012 11:14:12 -0700)

Can Bankruptcy Boost Your Credit Score?
Your credit will take a nose dive if huge debts linger in your name. Is bankruptcy an option? (Thu, 11 Oct 2012 12:39:22 -0700)

As feed costs soar, Zacky Farms files for bankruptcy
Drought across much of the U.S. puts the squeeze on corn and soybean supplies. In filing for bankruptcy protection, poultry producer Zacky Farms cites skyrocketing feed prices. The U.S. Department of Agriculture projects domestic supplies of corn and soybeans will be tight in the next year as the worst drought in decades continues to parch most U.S. states. (Thu, 11 Oct 2012 15:54:57 -0700)

'Rich Dad, Poor Dad' Unit in Bankruptcy
Robert Kiyosaki, author of the book, "Rich Dad, Poor Dad" filed for corporate bankruptcy through one of his companies, Rich Global LLC. (Fri, 12 Oct 2012 10:06:43 -0700)

Arkansas' Smith faces creditors in bankruptcy case
FAYETTEVILLE, Ark. (AP) -- An attorney for Arkansas coach John L. Smith said Friday that a computer error in his bankruptcy case is behind what appeared to be a huge jump in his debt. (Fri, 12 Oct 2012 14:12:26 -0700)

Fallen Solyndra: Is Even Its Bankruptcy A Scam?
With or without President Obama, Solyndra may have flown too close to the sun, as the IRS seems to think. The IRS has a tough job to and sometimes must fight court battles. In Bankruptcy Court, it often means trying to collect taxes instead of losing out to other creditors. It can also mean urging the Bankruptcy Court to rule that taxes owed to the IRS survive the bankruptcy and are not ... (Sat, 13 Oct 2012 06:44:05 -0700)

D.C. area bankruptcy filings for Oct. 15
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, 14 Oct 2012 17:01:15 -0700)

What happens if your city goes broke, files bankruptcy?
Municipal bankruptcies are nothing new, but several recent landmark filings have transformed Chapter 9 of the U.S. bankruptcy code for municipal reorganization from a relatively obscure body of law into ... (Mon, 15 Oct 2012 00:01:04 -0700)

What if your city files for bankruptcy?
Municipal bankruptcies are nothing new, but several recent landmark filings have transformed Chapter 9 of the U.S. bankruptcy code for municipal reorganization from a relatively obscure body of law into a hot topic. (Mon, 15 Oct 2012 04:32:24 -0700)

Hajduk Split avoid bankruptcy
Cash-strapped Croatian football club Hajduk Split have avoided bankruptcy as the city council, its majority owner, on Monday guaranteed a four-million-euro ($5 million) loan, as thousands of fans gathered over the issue. (Mon, 15 Oct 2012 05:16:46 -0700)

Bankruptcy Stalls Jacksonville Bridge Project
Bankruptcy stalls work on a new bridge under construction a major highway in Jacksonville. (Mon, 15 Oct 2012 10:22:13 -0700)

What Happens if Your City Goes Broke, Files Bankruptcy?
Cities can file for bankruptcy protection. Here's what that means for residents. (Mon, 15 Oct 2012 12:25:24 -0700)

5 Reasons Not To File For Bankruptcy In Your 20s
20090113 bankruptcy-01 (Photo credit: Wikipedia) Your 20s can be a time of great financial challenge: You're not quite skilled enough to get the job of your dreams in the "real world," yet you have real bills and financial responsibilities that demand a salary you can't command. Worse yet, you may be [...] (Mon, 15 Oct 2012 14:01:49 -0700)

Car battery maker A123 files for bankruptcy
NEW YORK (CNNMoney) -- Battery maker A123 Systems, a one-time darling of the U.S. electric car industry and recipient of millions in government funding, filed for Chapter 11 bankruptcy Tuesday. (Tue, 16 Oct 2012 04:21:04 -0700)

Battery maker A123 files for bankruptcy
Electric car battery maker A123 Systems misses an interest payment and has filed for bankruptcy. (Tue, 16 Oct 2012 04:30:30 -0700)

A123 Files For Bankruptcy; Sells Auto Assets To Johnson Controls
A123 Systems has filed for bankruptcy protection in federal court in Wilmington, Delaware, Bloomberg reports. Late yesterday, the battery company had warned that it was about to default on several loan issues, noting that a bankruptcy filing was a possibility; but it still seems startling to see them file just hours later. (Tue, 16 Oct 2012 06:20:15 -0700)

A123 Systems files for bankruptcy, will sell assets to Johnson controls
Struggling battery maker A123 Systems Inc. filed for bankruptcy protection Tuesday in Delaware and the company said it will sell its auto business to Johnson Controls Inc. in a $125 million deal. (Tue, 16 Oct 2012 06:50:12 -0700)

Electric Car Battery Maker A123 Systems Files Bankruptcy
A123 Systems Inc. (AONE) , a maker ofrechargeable lithium-ion batteries for electric cars, filed forbankruptcy after failing to make a debt payment that was dueyesterday. The company listed assets of $459.8 ... (Tue, 16 Oct 2012 06:50:43 -0700)

Battery maker A123 files for bankruptcy protection
The U.S. operations of electric car battery maker A123 Systems filed for bankruptcy protection and its automotive assets are being acquired by Johnson Controls for $125 million. (Tue, 16 Oct 2012 08:52:53 -0700)

A123 Bankruptcy: Is A Complete Sell-Off Next?
A123 Systems goes into bankruptcy, sells its auto assets to Johnson Controls, and backs out of its deal to sell a majority share to Wanxiang of China. (Tue, 16 Oct 2012 09:31:55 -0700)

A123 Bankruptcy Gives Romney New Example of Electric-Car ‘Loser’
Republican presidential candidate Mitt Romney named four companies as “losers” in discussing President Barack Obama’s choices of green-energy aid recipients during their first debate two weeks ago. (Tue, 16 Oct 2012 09:54:55 -0700)

A123 bankruptcy prompts stimulus criticism ahead of debate
The bankruptcy Tuesday of lithium-ion battery maker A123 Systems Inc. sparked fresh criticism from the Mitt Romney campaign about President Barack Obama's stimulus program. (Tue, 16 Oct 2012 14:20:58 -0700)

Battery maker A123 Systems files for bankruptcy
DETROIT/WASHINGTON (Reuters) - A123 Systems, the lithium-ion battery maker backed by a $249 million U.S. government grant, filed for bankruptcy on Tuesday, prompting Republican Mitt Romney's presidential campaign to accuse the Obama administration of "gambling away billions of taxpayer dollars." The Chapter 11 bankruptcy filing came after a $465 million rescue deal with Chinese auto parts ... (Tue, 16 Oct 2012 16:20:16 -0700)

A123's bankruptcy: Good for America
The bankruptcy of A123 is surely bad news for its investors. But, it could help power American jobs in the long run. (Wed, 17 Oct 2012 04:06:55 -0700)

Satcon Technology Corporation Announces Chapter 11 Bankruptcy Filing
Satcon Technology Corporation® , a leading provider of utility scale power conversion solutions for the renewable energy market, today announced that the Company and its subsidiaries have filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code. (Wed, 17 Oct 2012 05:00:00 -0700)

Satcon Technology files for bankruptcy
(Reuters) - Money-losing solar inverter maker Satcon Technology Corp filed for bankruptcy protection on Wednesday, squeezed by falling demand after top consumer Europe lowered subsidies for renewable energy. Shares of the company, which had a market value of $6.32 million as of Tuesday close, fell 77 percent to 7.3 cents in morning trade on the Nasdaq. The company has lost 93 percent of its ... (Wed, 17 Oct 2012 09:00:11 -0700)

American Airlines posts bankruptcy-related loss
American Airlines' efforts to emerge from bankruptcy caused it to post another quarter of red ink Wednesday. (Wed, 17 Oct 2012 10:36:04 -0700)

Satcon files for Chapter 11 bankruptcy protection
Satcon Technology Corp. on Wednesday filed for Chapter 11 bankruptcy protection following years of financial struggles and a severe downturn in the solar power industry. (Wed, 17 Oct 2012 10:51:14 -0700)

Batter Maker A123's Bankruptcy Underscores Hurdles for Clean Tech
The bankruptcy filing this week of U.S. government-backed battery maker A123 Systems demonstrates the challenges of developing clean energy technology in a still-evolving market. (Wed, 17 Oct 2012 12:58:34 -0700)

California Seeks Muni Bankruptcy Warnings, Lockyer Says
California, where three municipalities have filed for bankruptcy since June, is working on an early-warning system to prevent more by detecting signs of financial trouble, state Treasurer Bill Lockyer said. (Thu, 18 Oct 2012 06:29:03 -0700)

Union: Why Is Patriot Coal Bankruptcy Case in New York?
'There are no coal mines in New York, no coal miners in New York and no coal mine retirees in New York,' says the United Mine Workers president. Yet a coal company filed bankruptcy in the city. Click to view a price quote on ACI . Click to research the Metals & Mining industry. (Thu, 18 Oct 2012 09:59:17 -0700)

A123 Systems Wins Court Approval of Bankruptcy Loan
A123 Systems Inc. (AONE) , the U.S. electric-car battery maker that filed for bankruptcy this week, won court approval to borrow as much as $15.5 million from Johnson Controls Inc. while it prepares to sell its assets. (Thu, 18 Oct 2012 14:35:44 -0700)

Another taxpayer-backed green energy company files for bankruptcy
Massachusetts-based solar company Satcon Technology Corp. filed for Chapter 11 bankruptcy protection Wednesday, becoming the second taxpayer-backed green energy firm this week to do so. (Thu, 18 Oct 2012 16:08:38 -0700)

BANKRUPTCY WEEK AHEAD: ResCap Assets Head to Auction
BANKRUPTCY WEEK AHEAD: ResCap Assets Head to Auction (Fri, 19 Oct 2012 08:04:51 -0700)

Bankruptcy judge to issue ruling on San Bernardino airport developer's fate
A bankruptcy court judge is expected to decide today if embattled San Bernardino International Airport developer Scot Spencer will have to relinquish control of his leased hangar and office space to the airport's oversight agency. PDF: Court order (Fri, 19 Oct 2012 12:47:11 -0700)

Bankruptcy Filings By Gilroy Candidates Concern Some Voters
Four candidates who are running for political office in the city of Gilroy this November have filed for bankruptcies in the past. (Fri, 19 Oct 2012 19:33:45 -0700)

Bankruptcy filings drop 15 percent
Bankruptcies in the region continue to drop, but at a slower pace than earlier in the year. New case filings in U.S. Bankruptcy Court for the Middle District of Pennsylvania decreased by 14.7 percent through the first three-quarters of the year, compared (Fri, 19 Oct 2012 21:00:00 -0700)

Bankruptcy filings drop nearly 15 percent in region
Bankruptcies in the region continue to drop, but at a slower pace than earlier in the year. New case filings in U.S. Bankruptcy Court for the Middle District of Pennsylvania decreased by 14.7 percent through the first three-quarters of the year, compare (Fri, 19 Oct 2012 21:00:00 -0700)

Bankruptcy likely for Framingham firm linked to meningitis infections
New England Compounding Center, the Framingham speciality pharmacy blamed for the meningitis outbreak that has killed 21 people nationwide, will likely file for bankruptcy protection soon to try to stem the growing number of lawsuits against the firm, according to bankruptcy and plaintiffs attorneys. The company already faces at least 10 lawsuits in federal and state court across the country ... (Sat, 20 Oct 2012 00:03:51 -0700)

Bankruptcy trustee postpones Gardner auction
Rulon Gardner wants his Olympic rings back. And his wife's pink handgun. (Sun, 21 Oct 2012 12:09:54 -0700)

D.C. bankruptcy filings for Oct. 22
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, 21 Oct 2012 16:16:00 -0700)

Bankruptcy trustee postpones Rulon Gardner auction, reconsidering what possessions he will keep
The decorated wrestler who rose to fame at the 2000 Sydney Olympics with his gold-medal-winning upset of Russian Alexander... (Sun, 21 Oct 2012 23:43:33 -0700)

Bird’s eye view from the bankruptcy bench
James Starzynski was on the path to priesthood as a young man in New Mexico during the turbulent 196 ... (Mon, 22 Oct 2012 09:03:58 -0700)

Overseas Shipholding may file for bankruptcy
(Reuters) - Debt-laden Overseas Shipholding Group Inc , the world's No. 2 independent tanker operator by fleet size, said it was evaluating options including filing for bankruptcy protection and may have to restate results for at least three years. Shares of the company, which had estimated debt obligations of $2.24 billion as of June 30, fell as much as 66 percent to a life low of $1.02 on ... (Mon, 22 Oct 2012 09:04:44 -0700)

Solyndra bankruptcy plan approved over government objections
WILMINGTON, Del (Reuters) - Solyndra, the failed solar panel maker, received court approval on Monday for its plan to repay creditors after a bankruptcy judge overruled objections by the U.S. government. The government, which said it may appeal the ruling, had said the plan improperly provided $341 million in tax breaks to venture capital investors Argonaut Private Equity and Madrone Capital ... (Mon, 22 Oct 2012 09:21:52 -0700)

Overseas Shipholding Plummets on Bankruptcy Talk: New York Mover
Overseas Shipholding is “in the process of reviewing a tax issue” and financial statements since at least 2008 “should no longer be relied upon,” according to a filing from the New York-based company today. (Mon, 22 Oct 2012 09:37:34 -0700)

Solyndra bankruptcy plan approved over U.S. objections
WILMINGTON, Delaware (Reuters) - Solyndra, the solar panel maker that failed despite a $528 million federal loan, on Monday won court approval for its plan to repay creditors and end its politically charged bankruptcy, after a judge overruled objections by the U.S. government. U.S. Bankruptcy Judge Mary Walrath in Delaware rejected the government argument that the plan was improper because its ... (Mon, 22 Oct 2012 11:21:25 -0700)

Solyndra bankruptcy exit plan OKd
Solyndra bankruptcy exit plan OKd The U.S. government will probably get nothing back from its $535 million loan to failed solar-panel maker Solyndra under the Fremont company's plan to exit court protection, approved by the court on Monday despite government objections. In February 2011, Solyndra was forced to restructure its debt to obtain a fresh infusion of funds from existing investors ... (Mon, 22 Oct 2012 21:18:54 -0700)

Ex files bankruptcy. Am I stuck with his debt?
Dear Bankruptcy Adviser,My question is regarding bankruptcy after divorce. I have been divorced for two years. My ex-husband filed for bankruptcy this year in contempt of the divorce decree. He was given ... (Tue, 23 Oct 2012 00:01:04 -0700)

Rescap Bankruptcy Auction Said to Attract Only Two Bidders
Residential Capital LLC's bankruptcy auction for its loan-servicing unit attracted only two bidders, Nationstar Mortgage Holdings Inc. and Ocwen Financial Corp. (OCN) , according to a person familiar with the matter. (Tue, 23 Oct 2012 10:50:50 -0700)

4th bankruptcy in Perry's tech fund adds to losses
A fourth Texas high-tech startup that received taxpayer money through Gov. Rick Perry's signature economic development fund has filed for bankruptcy, pushing the total losses in the $194 million portfolio beyond what the state says the fund has earned. (Tue, 23 Oct 2012 10:56:37 -0700)

Barry Dolowich: Bankruptcy and tax debt
Q: My husband and I are considering filing personal bankruptcy. We owe back taxes of approximately $125,000. Can we escape our tax debts using bankruptcy protection? A. Debts are divided into two categories: dischargeable and nondischargeable. (Tue, 23 Oct 2012 10:59:46 -0700)

4th Bankruptcy in Perry's Tech Fund Adds to Losses
APNewsBreak: 4th bankruptcy in Texas gov's tech startup fund pushes losses past reported gains (Tue, 23 Oct 2012 11:13:29 -0700)

Ex Files Bankruptcy. Am I Stuck With his Debt?
If your ex ignores the divorce decree and files bankruptcy anyway, will court be worth it? (Tue, 23 Oct 2012 11:27:56 -0700)

Judge approves Solyndra bankruptcy plan
A Delaware judge is overruling government objections and approving a bankruptcy exit plan for failed solar power company Solyndra LLC. (Tue, 23 Oct 2012 15:05:22 -0700)

Bankruptcy judge ousts Sno Mountain chief
Amid allegations of fraud and misappropriation of funds, a bankruptcy judge has ousted the president and general partner at Snö Mountain. Judge Jean FitzSimon issued an order Monday removing Denis Carlson as top executive at the financially strapped Scr (Tue, 23 Oct 2012 21:00:00 -0700)

Filing Bankruptcy in Santa Ana Has Become Easier By Free Phone Consultation Service from Leading Santa Ana Bankruptcy ...
Acclaimed Santa Ana bankruptcy attorneys Zhou & Chini are now offering free consultation service over phone to individuals planning to file their bankruptcy petition in the city. Zhou & Chini is one of the most trusted law firms in this region specializing in all types of bankruptcy related legal services. Since many years, the experienced legal experts from the firm have been offering much ... (Wed, 24 Oct 2012 00:30:29 -0700)

Idearc, AMR, ResCap, Circus & Eldorado, K-V: Bankruptcy
Yesterday’s testimony came in the second week of a trial where Idearc creditors are suing New York-based Verizon for $9.8 billion, contending the spinoff entailed fraudulent transfers that left the unit insolvent immediately. (Wed, 24 Oct 2012 03:50:45 -0700)

Affordable Bankruptcy Courses to Exhibit at NACBA Workshop in Amelia Island, Florida
PLANTATION, Fla., Oct. 24, 2012 /PRNewswire/ -- Affordable Bankruptcy Courses, a low cost provider of Credit Counseling and Debtor Education courses, will be in Amelia Island, Florida for the National ... (Wed, 24 Oct 2012 06:00:00 -0700)

U.K. Top Court Won’t Recognize U.S. Bankruptcy Judgments
Britain’s top court decided for the first time that U.S. bankruptcy rulings against debtor companies that don’t appear in court to defend themselves can’t be recognized in the U.K. (Wed, 24 Oct 2012 08:32:39 -0700)

Mastro case, from bankruptcy to arrest
Timeline: The Mastro bankruptcy case has been through numerous turns over more than three years. (Wed, 24 Oct 2012 12:37:39 -0700)

From bankruptcy to arrest
The Mastro bankruptcy case has been through numerous turns over more than three years. July 2009: Three banks that loaned Michael Mastro... (Wed, 24 Oct 2012 12:40:41 -0700)

California pension fund objects in court to San Bernardino bankruptcy
(Reuters) - America's biggest public pension system filed a formal objection on Wednesday to a quest by San Bernardino to seek bankruptcy protection, citing the "disarray" in the Californian city's finances. San Bernardino, a city of 210,000 people 60 miles east of Los Angeles, declared bankruptcy on August 1. Since then it has halted pension payments to the powerful California Public Employee ... (Wed, 24 Oct 2012 19:21:29 -0700)

San Bernardino Bankruptcy Invalid, Employees Union Says
San Bernardino, the second-largest U.S. city to enter Chapter 9 bankruptcy, should have its court restructuring dismissed because it failed to follow a state law requiring negotiations with creditors before seeking court protection, a government employees union said. (Wed, 24 Oct 2012 21:07:32 -0700)

Jacksonville bankruptcy filings at slowest pace since 2008
Consumers and businesses are filing for bankruptcy at the slowest pace since 2008 in Jacksonville and in the Middle District of Florida. (Thu, 25 Oct 2012 08:43:24 -0700)

Rolls Royce, Diamonds, Gold Coins, Wines Cited In Couple's Bankruptcy Fraud
On October 25, 2012, a federal grand jury in Seattle, WA indicted  Michael Mastro, 87, and his wife Linda Mastro, 62, on 43 counts alleging bankruptcy fraud and money laundering. The Mastros were arrested on October 24th in France following the prior filing of a criminal Complaint, and they are now awaiting extradition. NOTE: The charges contained in the indictment are only allegations and the ... (Fri, 26 Oct 2012 06:47:23 -0700)

Hart files for Ch. 13 bankruptcy again - Fri, 26 Oct 2012 PST
BOISE — State lawmaker and tax protester Rep. Phil Hart has filed for bankruptcy — again — prompting a federal tax foreclosure case against him to be put on hold. (Fri, 26 Oct 2012 16:17:50 -0700)

Johnson Controls acts to facilitate A123 bankruptcy process
MILWAUKEE, Oct. 26, 2012 /PRNewswire/ -- In collaboration with A123, Johnson Controls has chosen not to be the debtor-in-possession (DIP) lender during A123's bankruptcy process to avoid potential delays ... (Fri, 26 Oct 2012 16:51:00 -0700)

Despite bankruptcy, Snö Mountain plans to open
Despite seeking bankruptcy protection and heaving under a large debt load, Snö Mountain owners say they are committed to opening the slopes as soon as the temperatures warrant. The skiing and water-park complex in Scranton generates enough cash flow to (Fri, 26 Oct 2012 21:00:00 -0700)

Huntington Beach Bankruptcy Attorneys Zhou & Chini Start Offering Free Telephone Consultations for Individuals Filing ...
Zhou & Chini, the most acclaimed bankruptcy attorneys in Huntington Beach California, have just introduced their free telephone consultation service in the city. Orange County residents are already familiar with Zhou & Chini as the law office has been the most trusted legal firm in the city to handle any legal procedure pertaining to bankruptcy. The highly knowledgeable and experienced ... (Sat, 27 Oct 2012 03:02:20 -0700)

D.C. area bankruptcy filings for Oct. 29
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, 28 Oct 2012 20:43:28 -0700)

Bankruptcy court case to determine control of Beale Street
Control of Beale Street is on the line in trial (Sun, 28 Oct 2012 22:00:00 -0700)

Hawker briefs NBAA crowd on post-bankruptcy plans
There is life after bankruptcy, Hawker Beechcraft officials stressed at a crowded press conference Monday at the National Business Aviation Association’s annual convention in Orlando. (Mon, 29 Oct 2012 06:59:08 -0700)

Judge Glen Edward Clark, who presided over Utah bankruptcy court, dies at 70
Judge Glen Edward Clark, who presided over Utah bankruptcy court, dies at 70 by Anne Wilson The Salt Lake Tribune Published Oct 29, 2012 08:46AM MDT Former Utah bankruptcy court judge Glen Edward Clark, whose decision to pursue a career in the law was spurred by watching the Army-McCarthy hearings on television in the 1950s, died Thursday at his home in Georgia of complications from heart ... (Mon, 29 Oct 2012 07:53:05 -0700)

Did Braxton dodge bankruptcy payment?
Toni Braxton has been accused of transferring $53,490 to her estranged husband to avoid paying creditors in her bankruptcy case. (Mon, 29 Oct 2012 14:06:36 -0700)

Most businesses facing bankruptcy survived recession
Two out of three businesses that were on the brink of bankruptcy as they headed into the financial crisis survived the downturn, research has found. (Tue, 30 Oct 2012 00:00:18 -0700)

Will bankruptcy help senior with $15K in debt?
Dear Bankruptcy Adviser,I have a friend who is 71 years old with only $8,000 in savings and more than $15,000 in credit card debt. He's living in a worthless trailer and drives a clunker. At his age, it's ... (Tue, 30 Oct 2012 00:00:53 -0700)

Free Bankruptcy Legal Consultation Over Phone for Bankruptcy Related Concerns, Thanks to the Most Trusted Bankruptcy ...
RIVERSIDE, Calif. -- via PRWEB - The impressive run of Zhou & Chini continues in Riverside California. This popular law office of efficient bankruptcy attorneys in Riverside are now offering free consultation ... (Tue, 30 Oct 2012 00:11:33 -0700)

The Cash4Gold Bankruptcy: This Is The Basic Problem With Recycling
Over at Fortune there's a little report on the bankruptcy of Cash4Gold, that company that used MC Hammer to front some of its advertising. What fascinates me about this is that the story illustrates the basic economic problem that all recycling faces: the cost of collection. FORTUNE -- Cash4Gold, [...] (Tue, 30 Oct 2012 05:58:08 -0700)

Queens, NY Bankruptcy Attorney Bruce Feinstein Launches the Bruce Feinstein, Esq. Bankruptcy Blog
Veteran Queens bankruptcy attorney Bruce Feinstein has launched the Bruce Feinstein, Esq. Bankruptcy Blog. The blog is intended to be a place to find the latest bankruptcy news, information, and financial tips. He has been a practicing bankruptcy law for over 15 years and has been quoted in the New York Times.Queens, NY (PRWEB) October 30, 2012 The Law Offices of Bruce Feinstein, Esq., with ... (Tue, 30 Oct 2012 06:04:20 -0700)

How To File For Bankruptcy: Avoid The Mistakes Toni Braxton May Have Made
We lay out the steps for filing for bankruptcy so you can avoid the basic mistakes Toni Braxton may have made. (Tue, 30 Oct 2012 06:26:04 -0700)

Will Bankruptcy Help Senior With $15K in Debt?
For older people in debt, bankruptcy may not even be an option if they have too much saved. (Tue, 30 Oct 2012 13:29:37 -0700)

Bankruptcy judge says Memphis can take over Beale Street management
U.S. Bankruptcy Judge Jennie Latta ruled Tuesday that Performa Entertainment Real Estate Inc., the company that has run the Beale Street Entertainment District since 1982, can assign its sublease to the city of Memphis. (Tue, 30 Oct 2012 14:20:00 -0700)

DiamondRock Reaches Settlement on Allerton Bankruptcy
BETHESDA, Md., Oct. 31, 2012 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) today announced that it reached a settlement of the bankruptcy and related litigation ... (Wed, 31 Oct 2012 06:00:00 -0700)

Bankruptcy judge rules Memphis can take over Beale
MEMPHIS, Tenn. (AP) — A federal bankruptcy judge has ruled that the city of Memphis can take over the Beale Street Entertainment District from Performa Entertainment Real Estate Inc. The city owns the entertainment district and Beale Street Development Corp. holds the lease. But that company has sublet management to Performa since 1982. After Performa filed for bankruptcy, it agreed in 2010 to ... (Wed, 31 Oct 2012 06:51:41 -0700)

Bankruptcy judge rules Memphis can take over Beale St. District
A federal bankruptcy judge has ruled that the city of Memphis can take over the Beale Street Entertainment District from Performa Entertainment Real Estate Inc. (Wed, 31 Oct 2012 08:11:06 -0700)

Bankruptcy basics and what you need to know
Yahoo! finance expert Farnoosh Torabi talks about who can qualify for bankruptcy and what to expect once you've filed for it. (Wed, 31 Oct 2012 17:29:25 -0700)

Kingfisher Woes Show Need for Bankruptcy Law: Corporate India
Kingfisher Airlines Ltd. (KAIR) , controlled by liquor tycoon Vijay Mallya, is struggling to resume services after five straight years of losses and mounting debt forced it to ground planes. India’s bankruptcy laws aren’t helping. (Wed, 31 Oct 2012 18:13:43 -0700)

Battery firm’s bankruptcy threatens high-end carmaker
The recent bankruptcy of battery maker A123 Systems after it won a nearly quarter-billion-dollar federal grant threatens the business prospects of another well-known government-backed company: luxury car manufacturer Fisker Automotive. Fisker has received nearly $200 million in federal loan money in recent years, but one of its signature vehicles is ... (Wed, 31 Oct 2012 18:51:50 -0700)


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