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Home > Bankruptcy News

Bankruptcy News Feb 2013

Creditor trustee in Alabama bankruptcy says no February 1 payment
BIRMINGHAM, Alabama (Reuters) - A lawyer for the creditors trustee in America's biggest municipal bankruptcy on Friday said the trustee will not make a February 1 payment to owners of $3.14 billion of sewer debt issued by Alabama's Jefferson County. Gerald Mace, an attorney for creditors trustee, Bank of New York Mellon, told a bankruptcy court hearing that the distribution could not be made ... (Fri, 01 Feb 2013 10:10:55 -0800)

'Bankruptcy lite' is up 7pc in a year
The number of people applying for Debt Relief Orders, a cheaper form of bankruptcy for those with no assets, has risen 7pc since 2011, official figures have shown. (Fri, 01 Feb 2013 10:35:39 -0800)

Creditors in Alabama bankruptcy to miss on February 1 payment
BIRMINGHAM, Alabama (Reuters) - A lawyer for the creditors' trustee in America's biggest municipal bankruptcy on Friday said the trustee will not make a February 1 payment to owners of $3.14 billion of sewer debt issued by Alabama's Jefferson County. Gerald Mace, an attorney for creditors' trustee Bank of New York Mellon, told a bankruptcy court hearing that the distribution could not be made ... (Fri, 01 Feb 2013 10:52:55 -0800)

Fees for Lehman bankruptcy surpass $2B, a record
Lehman Bros., the investment bank that failing and helped spark the 2008 financial crisis, made more history by paying $2 billion in fees to outside professionals involved in its bankruptcy.The company ... (Fri, 01 Feb 2013 14:35:15 -0800)

Can Lender Repossess My Car in Bankruptcy?
Trying to avoid the repo man? Here's how bankruptcy can and can't shield you. (Fri, 01 Feb 2013 14:48:05 -0800)

Creditors in Alabama bankruptcy to miss February 1 payment
BIRMINGHAM, Alabama (Reuters) - A lawyer for the creditors' trustee in America's biggest municipal bankruptcy on Friday said the trustee will not make a February 1 payment to owners of $3.14 billion of sewer debt issued by Alabama's Jefferson County. Gerald Mace, an attorney for creditors' trustee Bank of New York Mellon, told a bankruptcy court hearing that the distribution could not be made ... (Fri, 01 Feb 2013 15:23:45 -0800)

Bankruptcy Attorneys in Temecula California, Zhou & Chini, Have High Hopes With its New Promotional Videos For Their ...
Bankruptcy Temecula office are one of the bankruptcy law firms that have been helping a long list of clients who needed to file for bankruptcy in the Temecula Valley. There are a lot of different rules and laws of bankruptcy and one who is facing such troubles needs to watch the firm’s new videos at their earliest convenience.Temecula, CA (PRWEB) February 01, 2013 Temecula Valley Bankruptcy ... (Fri, 01 Feb 2013 22:32:34 -0800)

Bankruptcy Attorneys in Los Angeles Zhou & Chini Plan New YouTube Channel For Viewer Awareness and Promotional ...
Bankruptcy attorneys in Los Angeles have recently announced that they have decided to have a new YouTube channel for the city. Zhou and Chini have well thought about this plan, and are extremely optimistic that having the channel would help in growing their business growth and at the same time help out their clients as well. (PRWeb February 04, 2013) Read the full story at http://www.prweb.com ... (Mon, 04 Feb 2013 00:12:08 -0800)

UPDATE 1-Soccer-Brondby avoid bankruptcy, immediate future secure
(Recasts after Brondby statement) COPENHAGEN, Feb 4 (Reuters) - Former Danish champions Brondby stepped back from the brink of bankruptcy on Monday after announcing the club's immediate financial future had been secured. Trading in the club's shares on the Copenhagen Stock Exchange was suspended on Monday but Brondby later said the cash-strapped side would be safe until a new share emission ... (Mon, 04 Feb 2013 06:35:55 -0800)

Bankruptcy Judge Okays Hawker Beechcraft's Reorganization
Sometime in the second half of this month, Hawker Beechcraft will have a new name, a different CEO and a product line without business jets. On Friday, the company received final approval of its reorganization plan from the U.S. Bankruptcy Court for the Southern District of New York. (Mon, 04 Feb 2013 09:41:02 -0800)

Kodak Seeks More Time to File Plan to Exit Bankruptcy
Eastman Kodak Co. (EKDKQ) is seeking to yet again extend the exclusive control it has over its bankruptcy case for a few more months, citing significant progress towards the targeted mid-2013 exit date. (Mon, 04 Feb 2013 10:04:19 -0800)

Can bankruptcy court force home loan modification?
Dear Bankruptcy Adviser,I have been in Chapter 13 bankruptcy since 2010. I have been paying $330 each month for a car, taxes and a lawyer. I have not paid any payments on our house since March 2010. I ... (Tue, 05 Feb 2013 00:00:26 -0800)

South Carolina Bankruptcy Lawyer Matthews & Megna Comment on Lehman Brothers Bankruptcy Fees Surpassing $2 Billion
South Carolina bankruptcy attorneys Matthews & Megna advise residents with severe financial problems to consider filing for bankruptcy. (PRWeb February 05, 2013) Read the full story at http://www.prweb.com/releases/co (Tue, 05 Feb 2013 00:15:59 -0800)

Bankruptcy case for ex-Kilpatrick mistress closed
A bankruptcy court in Georgia has released Kwame Kilpatrick's former Chief of Staff of... (Tue, 05 Feb 2013 07:32:07 -0800)

Christine Beatty's bankruptcy case closed
A bankruptcy court in Georgia has released Kwame Kilpatrick's former Chief of Staff of... (Tue, 05 Feb 2013 08:16:56 -0800)

New bankruptcy cases down again in Michigan
Associated Press - Michigan bankruptcy cases are down 13 percent. A sign of better times? (Tue, 05 Feb 2013 10:00:08 -0800)

Tom Martino settles bankruptcy for $3.6 million, keeps chopper, plane
For $18,000 in monthly payments over the next three years, radio voice and pitchman Tom Martino could finally walk away from the personal bankruptcy case that's dogged him for 17 months. (Tue, 05 Feb 2013 10:48:17 -0800)

Fitch: Market Conditions Point to Increased Bankruptcy Possibilities in U.S. Coal Sector
The deep commodity pricing trough and demand destruction could lead to one or more bankruptcy filings in the U.S. coal industry, according to a new Fitch Ratings report. Bond price (Tue, 05 Feb 2013 12:34:00 -0800)

Can Bankruptcy Court Force Home Loan Modification?
While a bankruptcy judge can't force a lender to modify a home loan, there may be other options. (Tue, 05 Feb 2013 13:39:34 -0800)

Bankruptcy latest blow for Mihos
Convenience store magnate Christy Mihos' bankruptcy filing is the latest fallout from his financial and domestic tailspin in the past several years. (Tue, 05 Feb 2013 21:09:28 -0800)

Gonzalez lawyers want Casey Anthony bankruptcy moved to Orlando
Attorneys for a woman suing Casey Anthony want her bankruptcy proceedings moved, arguing that Orlando is a more logical and convenient place than Tampa for the parties involved. Anthony filed bankruptcy last month in Tampa, a move which could end lawsuits pending against her. (Wed, 06 Feb 2013 15:26:31 -0800)

Judge to rule in Naples Bay Resort bankruptcy case
U.S. Bankruptcy Court Judge Caryl Delano, who had hoped to rule on the case after hearing the final arguments, decided she needs a few more days to weigh all the evidence and all the testimony she heard. (Thu, 07 Feb 2013 02:30:00 -0800)

IndiSoft Provides RxOffice Platform to Foreclosure, Bankruptcy Law Firm
IndiSoft, a global technology development firm that provides collaborative, real-time workflow solutions, customized for the entire financial services industry, today announced tha (Thu, 07 Feb 2013 05:00:00 -0800)

San Diego Bankruptcy Lawyers at Golden State Law Group React to Time Student Loan Article
The San Diego bankruptcy lawyers at the Golden State Law Group have been helping both consumers and businesses work through extreme financial difficulties that have involved debt negotiations, handling ... (Thu, 07 Feb 2013 16:25:59 -0800)

5 Bankruptcy Myths Debunked
We set the record straight on some of the most commonly held misconceptions about how bankruptcy impacts credit scores. (Fri, 08 Feb 2013 03:00:43 -0800)

Hostess seeks OK for bankruptcy auctions
Hostess Brands Inc. on Monday will seek bankruptcy-court approval to put many of its beloved brands on the auction block in coming weeks, including Twinkies and Ho Hos. The White Plains, N.Y., bankruptcy court is set to consider three auction proposals from the liquidating baker, all of which have stalking horses lined up to lead off the bidding at auctions Hostess wants to hold in March. (Fri, 08 Feb 2013 10:19:48 -0800)

5 Bankruptcy Myths Debunked
We set the record straight on some of the most commonly held misconceptions about how bankruptcy impacts credit scores. (Fri, 08 Feb 2013 11:00:43 GMT)

Bankruptcy plan of battery firm A123 discloses note-holder recovery rates
A123 Systems Inc., a developer of automotive lithium-ion batteries before the business was sold, filed a liquidating Chapter 11 plan giving holders of $143.8 million in subordinated notes and $124 million of general unsecured claims a recovery of about 65 percent. (Fri, 08 Feb 2013 13:51:14 -0800)

Judge Oks Bankruptcy Reorganization Plan For American West
After nearly a year in Chapter 11 bankruptcy proceedings, home builder American West Development Inc. won court approval to return to mainstream commerce. U.S. Bankruptcy Court Judge Mike Nakagawa on Friday overruled objections to a fund that will cover (Fri, 08 Feb 2013 18:08:05 -0800)

Bankruptcy filings decline in Oklahoma
The number of Oklahoma residents and businesses seeking bankruptcy protection fell last year by more than 10 percent in the federal district that includes Oklahoma City. (Fri, 08 Feb 2013 22:00:00 -0800)

Bankruptcy filings decline in Oklahoma
The number of Oklahoma residents and businesses seeking bankruptcy protection fell last year by more than 10 percent in the federal district that includes Oklahoma City. (Sat, 09 Feb 2013 06:00:00 GMT)

Too young for bankruptcy
THIS week The Barefoot Investor answers questions about bankruptcy, managed funds, capital gains, whether to rent or buy and idiot husbands. (Sat, 09 Feb 2013 06:06:18 -0800)

Swift Air bankruptcy sheds light on Nuggets menu
In bankruptcy cases, creditors want to get paid. With liabilities topping $10 million, Swift Air has a long list of companies wanting their money as the air carrier moves through bankruptcy reorganization. (Sat, 09 Feb 2013 23:10:31 -0800)

Washington area bankruptcy filings for Feb. 11
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, 10 Feb 2013 14:37:00 -0800)

Erie judge gives Covattos a final chance to resolve bankruptcy
A bankruptcy judge is showing increasing impatience with the former owners of an Erie telemarketing business, but he has given them one last chance to settle their debts and end their 21-month-old bankruptcy case. (Mon, 11 Feb 2013 06:57:26 -0800)

Pinnacle Airlines Has Delta-Backed Bankruptcy Exit Plan
Bill Rochelle, the bankruptcy columnist for Bloomberg News, reports that Pinnacle Airlines Corp. will emerge from Chapter 11 bankruptcy as a wholly owned subsidiary of Delta Air Lines Inc. under a reorganization plan supported by the official unsecured creditors' committee and the pilots' union. (Mon, 11 Feb 2013 09:59:37 -0800)

Rhythm & Hues filing for bankruptcy after deal with Prime Focus collapses
LOS ANGELES (TheWrap.com) - Oscar-winning visual effects company Rhythm & Hues Studios will seek Chapter 11 bankruptcy protection, according to an individual with knowledge of the situation. A deal for Indian-based Prime Focus to buy the Oscar-winning visual effects studio collapsed, forcing the company to file, the individual said. The news comes as Rhythm & Hues is being honored for its ... (Mon, 11 Feb 2013 13:05:08 -0800)

Rhythm & Hues to file for bankruptcy protection
The award-winning visual-effects company Rhythm & Hues, considered one of the industry's leaders, is laying off 200 employees as it files for bankruptcy protection, sources close to the studio said. (Mon, 11 Feb 2013 15:34:04 -0800)

Rhythm & Hues filing for bankruptcy after deal with Prime Focus collapses
LOS ANGELES (TheWrap.com) - Oscar-winning visual effects company Rhythm & Hues Studios will seek Chapter 11 bankruptcy protection, according to an individual with knowledge of the situation. A deal for Indian-based Prime Focus to buy the Oscar-winning visual effects studio collapsed, forcing the company to file, the individual said. The news comes as Rhythm & Hues is being honored for its ... (Mon, 11 Feb 2013 21:05:08 GMT)

Short sale or bankruptcy for mom with dementia?
Dear Bankruptcy Adviser,My dad passed away, and we cannot afford to pay the mortgage on a home he bought five years ago as a second home. Our mom is alive but has dementia. Should we try asking for a short ... (Tue, 12 Feb 2013 00:00:27 -0800)

Bankruptcy judge awards Naples Bay Resort mortgage to Antaramian
A federal bankruptcy judge has ruled that Naples developer Jack Antaramian can collect on the $36 million mortgage he took over for the Naples Bay Resort project. (Tue, 12 Feb 2013 02:20:00 -0800)

Short sale or bankruptcy for mom with dementia?
Dear Bankruptcy Adviser,My dad passed away, and we cannot afford to pay the mortgage on a home he bought five years ago as a second home. Our mom is alive but has dementia. Should we try asking for a short ... (Tue, 12 Feb 2013 08:00:27 GMT)

Judge Confirms Final Lon Morris College Bankruptcy Plan
TYLER, Texas, Feb. 12, 2013 /PRNewswire/ -- A final bankruptcy plan submitted on behalf of Lon Morris College by attorneys from the Texas offices of McKool Smith has been confirmed by Judge Bill Parker ... (Tue, 12 Feb 2013 08:35:00 -0800)

Loveland's Schmidt's Bakery files Chapter 7 bankruptcy
Lost in the heart of a 45-page bankruptcy filed by owners of Schmidt's Bakery and Delicatessen are eight pages containing the names of 40 employees. (Tue, 12 Feb 2013 08:56:30 -0800)

Rhythm & Hues bankruptcy sends shockwaves through visual-effects industry
LOS ANGELES (TheWrap.com) - Within 24 hours, Rhythm & Hues Studios went from accepting a BAFTA award for its arresting visual-effects work on "Life of Pi" to filing for Chapter 11 protection. It was a shocking turn of events for a company that is up for two Oscars for its work on the 3D epic "Pi" and for "Snow White & the Huntsman," and a sign that the visual-effects industry may be headed for a ... (Tue, 12 Feb 2013 11:35:13 -0800)

Judge Confirms Final Lon Morris College Bankruptcy Plan
TYLER, Texas, Feb. 12, 2013 /PRNewswire/ -- A final bankruptcy plan submitted on behalf of Lon Morris College by attorneys from the Texas offices of McKool Smith has been confirmed by Judge Bill Parker ... (Tue, 12 Feb 2013 16:35:00 GMT)

Loveland's Schmidt's Bakery files Chapter 7 bankruptcy
Lost in the heart of a 45-page bankruptcy filed by owners of Schmidt's Bakery and Delicatessen are eight pages containing the names of 40 employees. (Tue, 12 Feb 2013 16:56:30 GMT)

10 arrested at protest of Patriot bankruptcy case
Ten people were arrested Wednesday at a protest outside of Peabody Energy headquarters in St. Louis, the second time in two weeks that the United Mine Workers of America organized a huge protest to draw attention to the possible loss of pension and health care benefits for about 20,000 retired miners and dependents. (Wed, 13 Feb 2013 20:40:56 GMT)

InCharge Showcases Bankruptcy Courses at 2013 NABT Spring Seminar
Nonprofit organization will exhibit at National Association of Bankruptcy Trustees event in Scottsdale, ArizonaORLANDO, Fla., Feb. 14, 2013 /PRNewswire-USNewswire/ -- InCharge® Debt Solutions ("InCharge"), a nonprofit credit counseling agency, will be on hand to showcase its bankruptcy courses at the 2013 Spring Seminar of the National Association of Bankruptcy Trustees, scheduled for February ... (Thu, 14 Feb 2013 14:33:00 GMT)

Bankruptcy delays investment fraud trial naming Harkey
A fraud trial with high political stakes was abruptly postponed Thursday by a prospective bankruptcy. Point Center Financial Inc. is likely to file for bankruptcy protection by Monday, said company bankruptcy attorney Rob Goe. The filing automatically will stop a trial that was scheduled to begin... (Thu, 14 Feb 2013 14:56:06 -0800)

ResCap Wants More Time to File Bankruptcy Plan
Ally Financial Inc. mortgage subsidiary Residential Capital wants more time to exclusively file a Chapter 11 bankruptcy plan as it faces resistance from various creditors. (Thu, 14 Feb 2013 16:59:20 -0800)

Bankruptcy delays investment fraud trial naming Harkey
A fraud trial with high political stakes was abruptly postponed Thursday by a prospective bankruptcy . Point Center Financial Inc. is likely to file for bankruptcy protection by Monday, said company bankruptcy attorney Rob Goe. The filing automatically will stop a trial that was scheduled to begin... (Thu, 14 Feb 2013 22:56:06 GMT)

Hong Kong’s Bankruptcy Requests Climb to Almost Two-Year High
Hong Kong’s number of bankruptcy petitions filed last month rose to the highest in almost two years after economic growth slowed to what the government predicted would be the weakest since 2009. (Thu, 14 Feb 2013 23:04:33 -0800)

ResCap Wants More Time to File Bankruptcy Plan
Ally Financial Inc. mortgage subsidiary Residential Capital wants more time to exclusively file a Chapter 11 bankruptcy plan as it faces resistance from various creditors. (Fri, 15 Feb 2013 00:59:20 GMT)

Hong Kong’s Bankruptcy Requests Climb to Almost Two-Year High
Hong Kong’s number of bankruptcy petitions filed last month rose to the highest in almost two years after economic growth slowed to what the government predicted would be the weakest since 2009. (Fri, 15 Feb 2013 07:04:33 GMT)

Liberty Medical files for bankruptcy
Frank Harvey, Liberty Medical Supply, Inc. CEO, defends bankruptcy filing, cites tough business economy (Fri, 15 Feb 2013 07:17:20 -0800)

Spain's Reyal Urbis nears bankruptcy after talks fail - sources
MADRID (Reuters) - Creditors of Spanish property developer Reyal Urbis rejected the company's 3.6 billion euro ($4.8 billion) debt restructuring proposal, two sources familiar with the talks said, pushing ... (Fri, 15 Feb 2013 10:34:00 -0800)

Mid America Brick files for bankruptcy
Mexico, Mo.-based company lists between $10 million and $50 million in estimated liabilities.  (Fri, 15 Feb 2013 12:30:00 -0800)

Downtown Chiquita building in bankruptcy
The Chiquita Center has been named in an Arizona bankruptcy case in which an investment group is trying to restructure $64 million in debt on the property. The group says the building is now worth $32.8 million. (Fri, 15 Feb 2013 13:29:40 -0800)

Bankruptcy Auction - 298 Unit, Mid-Rise Apartment Complex to be Sold
RALEIGH, N.C., Feb. 15, 2013 /PRNewswire/ -- WM Six Forks, LLC announced today that its Manor Six Forks apartment complex in Raleigh, NC is being sold pursuant to a confirmed Chapter 11 bankruptcy Plan ... (Fri, 15 Feb 2013 14:26:00 GMT)

DealBook: Ex-Partners Ask Judge to Reject Dewey’s Bankruptcy Plan
The legal filings reveal acrimony among many of the former partners of Dewey, which entered Chapter 11 protection in May. (Fri, 15 Feb 2013 14:39:34 -0800)

Bankruptcy ruling disputed
A South Canterbury, farmer and political campaigner is seeking to overturn a bankruptcy adjudication and claims debt owed to the National Party is disputed. (Fri, 15 Feb 2013 16:13:05 GMT)

Spain's Reyal Urbis nears bankruptcy after talks fail - sources
MADRID (Reuters) - Creditors of Spanish property developer Reyal Urbis rejected the company's 3.6 billion euro ($4.8 billion) debt restructuring proposal, two sources familiar with the talks said, pushing ... (Fri, 15 Feb 2013 18:34:00 GMT)

VIDEO: Bankruptcy: From riches to rags
The BBC's personal finance reporter Brian Milligan looks at how some people spend more than they earn. (Sat, 16 Feb 2013 05:58:26 -0800)

Reader’s Digest Files Bankruptcy to Cut $465 Mln Debt
RDA Holding Co., publisher of the 91-year-old Reader’s Digest magazine, filed for bankruptcy to cut $465 million in debt and focus on North American operations as consumers shift from print to electronic media. (Sun, 17 Feb 2013 20:15:53 -0800)

Bankruptcy claimant protected, despite spending spree
An Ontario woman stands to lose her home over shared debts her former common-law husband has been shielded from for years, because he claimed to be bankrupt when he admits he really wasn't. (Mon, 18 Feb 2013 02:43:22 -0800)

Bankruptcy claimant protected, despite spending spree
An Ontario woman stands to lose her home over shared debts her former common-law husband has been shielded from for years, because he claimed to be bankrupt when he admits he really wasn't. (Mon, 18 Feb 2013 02:45:42 -0800)

         Kaye Scholer Settles with U.S. Trustee in Bankruptcy Case
Kaye Scholer today announced that it and the U.S. Trustee have agreed on a settlement in the GSC Group Inc. bankruptcy proceeding. The settlement terms are subject to bankruptcy co (Mon, 18 Feb 2013 06:23:00 -0800)

Bankruptcy stops condos' auction
An Indianapolis developer’s last-minute bankruptcy filing halted the auction of a struggling downtown condominium project. (Mon, 18 Feb 2013 07:49:58 -0800)

Reader's Digest tumbles back into bankruptcy
Storied publisher's parent company files goes belly up for the second time in less than four years (Mon, 18 Feb 2013 07:55:13 -0800)

Reader's Digest parent files for bankruptcy
The parent company of Reader's Digest magazine, RDA Holding Co., filed for bankruptcy Monday as part of a financial restructuring move that includes shrinking its $465 million debt. (Mon, 18 Feb 2013 09:14:41 -0800)

Reader's Digest Files For Bankruptcy Over Debt
The publisher of Reader's Digest has filed for bankruptcy as it seeks to cut its debt burden of $465m (£300m). (Mon, 18 Feb 2013 09:18:48 -0800)

Reader's Digest parent files for bankruptcy
The parent company of Reader's Digest magazine, RDA Holding Co., filed for bankruptcy Monday as part of a financial restructuring move that includes shrinking its $465 million debt. (Mon, 18 Feb 2013 09:22:18 -0800)

DealBook: Reader's Digest Files for Bankruptcy, Again
The magazine's parent company filed for Chapter 11 protection late on Sunday in another attempt to cut down the debt that has plagued the pocket-sized publication for years. (Mon, 18 Feb 2013 10:39:20 -0800)

Reader's Digest parent seeks bankruptcy protection
The parent company of Reader's Digest has filed for Chapter 11 bankruptcy protection for the second time in less than four years, saying it needs to cut its debt so it can keep restructuring.RDA Holding ... (Mon, 18 Feb 2013 10:58:47 -0800)

Reader's Digest parent company files for bankruptcy again
NEW YORK (Reuters) - The owner of magazine Reader's Digest, once the staple of doctors' offices and coffee tables, has filed for bankruptcy for the second time in less than four years, citing a greater-than-expected decline of the media industry. RDA Holding Co and more than two dozen affiliates filed for a pre-negotiated Chapter 11 bankruptcy plan the company says will allow it to reduce its ... (Mon, 18 Feb 2013 13:30:49 -0800)

Will bankruptcy affect inheritance money?
Dear Bankruptcy Adviser,I'm in the process of filing bankruptcy. However, my husband receives Social Security and workers' compensation. My mother recently passed away, and we will be getting an inheritance ... (Tue, 19 Feb 2013 00:00:40 -0800)

Reader’s Digest Files for Bankruptcy, Again
Executives at Reader's Digest must be hoping that the magazine's second trip to bankruptcy court in under four years will be its last. (Tue, 19 Feb 2013 00:10:26 -0800)

Beechcraft emerges from bankruptcy protection
Kansas plane maker Beechcraft Corp., formerly Hawker Beechcraft, has emerged from bankruptcy protection as a slimmed-down company.The renamed company's formal announcement Tuesday comes just two weeks ... (Tue, 19 Feb 2013 07:13:51 -0800)

Trial ordered in bankruptcy of former Alitalia
A judge in Rome has ordered trial for seven former officials in the bankruptcy of Alitalia several years ago when it was still a state-run airline.The present Alitalia began flying in 2009 as a new company ... (Tue, 19 Feb 2013 12:14:57 -0800)

Beechcraft emerges from bankruptcy protection
Kansas plane maker Beechcraft, formerly Hawker Beechcraft, emerged Tuesday from bankruptcy protection freed from much of its debt and its unprofitable business jet operations.It's now focused on its turboprop ... (Tue, 19 Feb 2013 13:10:27 -0800)

Will Bankruptcy Affect Inheritance Money?
Your inheritance is considered an asset in bankruptcy. Spend the money wisely before you file. (Tue, 19 Feb 2013 13:14:31 -0800)

Detroit emergency manager needed but not bankruptcy: Michigan Treasurer
DETROIT (Reuters) - Michigan Treasurer Andy Dillon said on Tuesday that he does not anticipate a municipal bankruptcy filing for Detroit, despite its financial emergency. "I do think we can navigate around this (a bankruptcy filing)," said Dillon. Speaking at a news conference to announce the findings of a Detroit review team report, Dillon said the team believes the city needs an emergency ... (Tue, 19 Feb 2013 14:08:10 -0800)

NJ's newest casino, Revel, to file for bankruptcy
ATLANTIC CITY, N.J. (AP) — Revel, the casino many people had hoped would turn around Atlantic City's sagging fortunes, said Tuesday that it will file for Chapter 11 bankruptcy protection in March, less than a year after it opened. (Tue, 19 Feb 2013 17:52:30 -0800)

Revel casino will file for Chapter 11 bankruptcy
The company that owns Revel, the lavish yet financially troubled Atlantic City casino that opened just 10 months ago, announced Tuesday night that it is filing for bankruptcy protection. (Wed, 20 Feb 2013 00:04:53 -0800)

3 Things to Know About Bankruptcy
Bankruptcy. For those who have only heard the word without more, it can mean many things. Some equate it with poverty. Others think of it as a fresh start. The truth is that many people don't fully know what bankruptcy is all about. (Wed, 20 Feb 2013 10:25:14 -0800)

ResCap Seeks to Block AIG, Other Mortgage Investors Over Bankruptcy Claims
Residential Capital LLC is aiming to block American International Group Inc. (AIG), Allstate Corp. (ALL) and other mortgage-securities investors who are seeking equal treatment for their fraud claims in the mortgage lender's bankruptcy. (Wed, 20 Feb 2013 11:52:29 -0800)

San Diego Bankruptcy Lawyers at Golden State Law Group React to LA Times Article
One of the many different forms of debt that a consumer can take on in life is student loan debt. Unlike many other forms of debt, however, student loan debt cannot be discharged in bankruptcy absent relatively ... (Wed, 20 Feb 2013 14:52:06 -0800)

Bankruptcy Attorneys Santa Ana Looking For Better Business With New Promotional Video
Santa Ana bankruptcy attorneys have been helping all those who had to file for bankruptcy as they were unable to pay off all their debts. Bankruptcy attorneys Santa Ana have finally decided to launch their promotional video as it can help them in retaining more clients which can thereby help them in their business centered approach. ... (Thu, 21 Feb 2013 00:34:21 -0800)

Revel casino's bankruptcy threatens plans to make Atlantic City a gambling-plus destination
ATLANTIC CITY - The plight of the lavishly expensive but bankruptcy-bound Revel means more than just the future of one casino. It also means the potential loss of a key ingredient in the desperate city's blueprint for recovery. (Thu, 21 Feb 2013 00:53:07 -0800)

Analysis: Bankruptcy filing may be bad option for Detroit
WILMINGTON, Delaware (Reuters) - If the city of Detroit were a company, it would be a prime candidate to file for bankruptcy, using court protection to cut debt, streamline operations and trim retiree benefits. But what may be good for General Motors may not be good for the home of the U.S. auto industry. A state-appointed panel of experts on Tuesday declared Detroit in financial crisis, and ... (Thu, 21 Feb 2013 04:07:14 -0800)

What Revel's Bankruptcy Will Mean For Casino, A.C. & You
What does filing for bankruptcy mean for the future of the Revel casino? And find out what you should do if a business you frequent files for bankruptcy. (Thu, 21 Feb 2013 08:12:18 -0800)

Three Tips to Preventing Personal Bankruptcy
It can seem impossible to climb out of mounting debt, but experts warn about pulling the trigger and filing for personal bankruptcy since it have a long-lasting impact on finances. (Thu, 21 Feb 2013 12:03:13 -0800)

Bankruptcy Attorneys in Long Beach Launch New Promotional Video For Increased Business Output
Long Beach bankruptcy attorneys Zhou & Chini have handled a huge number of bankruptcy cases, and they have managed to have a long list of happy clients. They are always looking for new ways in which they can grow the firm, the decision was made to launch a video so they can retain more clients and promote their services in an efficient manner.Long Beach, California (PRWEB) February 22, 2013 ... (Fri, 22 Feb 2013 00:22:18 -0800)

Queens Bankruptcy Attorney Bruce Feinstein, Esq. Sets the Biggest Bankruptcy Myths Straight Once and For All
Queens Bankruptcy Attorney Bruce Feinstein, Esq. shares the truth about common bankruptcy myths.Queens, NY (PRWEB) February 22, 2013 For all the facts available about filing for bankruptcy, there are just as many myths that create confusion and anxiety for those facing growing debt. Queens bankruptcy attorney Bruce Feinstein, Esq. works with many clients each year who come to him with false ... (Fri, 22 Feb 2013 03:06:21 -0800)

Bankruptcy filing may be bad option for Detroit
By Tom Hals WILMINGTON, Delaware (Reuters) - If the city of Detroit were a company, it would be a prime candidate to file for bankruptcy, using court protection to cut debt, streamline operations and trim ... (Fri, 22 Feb 2013 05:06:38 -0800)

Bankruptcy filing may be bad option for Detroit
WILMINGTON, Delaware (Reuters) - If the city of Detroit were a company, it would be a prime candidate to file for bankruptcy, using court protection to cut debt, streamline operations and trim retiree benefits. But what may be good for General Motors may not be good for the home of the U.S. auto industry. A state-appointed panel of experts on Tuesday declared Detroit in financial crisis, and ... (Fri, 22 Feb 2013 05:06:38 -0800)

WEEK AHEAD: Hostess to Hold First Bankruptcy Auction
Hostess Brands Inc. will send its first group of brands, including Wonder Bread, to the auction block next week as part of its bankruptcy liquidation. (Fri, 22 Feb 2013 09:38:47 -0800)

Bankruptcy judge to hear victim test cases in Milwaukee
A handful of the sexual abuse survivors who filed claims against the Milwaukee archdiocese in federal bankruptcy court will go to trial as test cases to determine how many of the 574 who say they were assaulted are eligible for damages. (Fri, 22 Feb 2013 09:54:35 -0800)

San Bernardino hire has twice declared bankruptcy
The bankrupt city of San Bernardino has hired a new city manager who, according to court filings, has twice declared personal bankruptcy. (Fri, 22 Feb 2013 11:24:00 -0800)

Bankruptcy Attorney in Corona Corona Launches New Promotional Video For Better Business Prospects
Bankruptcy attorneys in Corona Zhou & Chini are skilled in the field of handling the different types of bankruptcy cases. They are launching a new promotional video with the hope that they can get help more residents in Corona California.Corona, CA (PRWEB) February 23, 2013 Corona bankruptcy attorneys Zhou & Chini have been assisting their clients in the most efficient manner. They are aware of ... (Sat, 23 Feb 2013 00:08:26 -0800)

Bankruptcy graveyard in Italian election battleground
It is a pitiful sight: items seized from bankrupt companies fill this warehouse in Lombardy, a key swing region in the general election, where recession-hit citizens' votes count more than most. (Sun, 24 Feb 2013 05:18:23 -0800)

D.C. area bankruptcy filings for Feb. 25
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, 24 Feb 2013 14:25:16 -0800)

Anthony bankruptcy lawyer: Delay hearing on transfer to Orlando
Citing unexpected personal and professional developments, Casey Anthony's bankruptcy lawyer has asked a Tampa federal bankruptcy court to delay a hearing over whether her case should be moved to Orlando, court records show. (Sun, 24 Feb 2013 16:01:00 -0800)

Anthony's bankruptcy lawyer asks court to delay hearing
Citing unexpected personal and professional developments, Casey Anthony's bankruptcy lawyer has asked a Tampa federal bankruptcy court to delay a hearing over whether her case should be moved to Orlando, court records show. (Sun, 24 Feb 2013 16:49:02 -0800)

Key test looms for Stockton, California, bankruptcy bid
SAN FRANCISCO (Reuters) - The city of Stockton, California, has a strong case heading into court next week in a bid to establish eligibility for bankruptcy protection, a move contested by bond insurers of more than $350 million of its debt, lawyers watching the case predicted. At the February 26 hearing in Sacramento, Chief Bankruptcy Judge Christopher Klein is likely to schedule a fight in ... (Mon, 25 Feb 2013 06:38:04 -0800)

HealthBridge Files For Bankruptcy Protection
Goal is to lower labor costs by changing labor contracts Get Business Mobile Text Alerts Five Connecticut nursing homes which are run by HealthBridge Management have filed for bankruptcy protection. (Mon, 25 Feb 2013 08:34:45 -0800)

5 Conn. nursing homes file for Ch. 11 bankruptcy
Five Connecticut nursing homes have filed for Chapter 11 bankruptcy reorganization after the U.S. Supreme Court denied their management company's request to delay a court order to reinstate 600 striking ... (Mon, 25 Feb 2013 09:05:36 -0800)

Rodeo Creek Gold, Affiliates Seek Bankruptcy Protection
Rodeo Creek Gold Inc. and three affiliates, part of an international mining company engaged in the exploration, development and operation of high-quality gold properties, sought bankruptcy protection to facilitate a sale of certain assets. (Mon, 25 Feb 2013 10:35:18 -0800)

Liquidation Authority and the Bankruptcy Clause
The litigation challenging the orderly liquidation authority under the Dodd-Frank Act proceeds from the faulty notion that Chapter 11 bankruptcy provides a one-size-fits-all solution, (Mon, 25 Feb 2013 15:01:59 -0800)

Ormet Files for Bankruptcy, Agrees to Sell Business
Ormet Corp. (ORMT) , the U.S. aluminum producer, filed for bankruptcy and said it agreed to sell itself to a group of private investment funds, seven years after having emerged from a previous bankruptcy. (Mon, 25 Feb 2013 20:45:53 -0800)

Veteran Bankruptcy Attorney John C. Thomas Joins Foley & Mansfield
The national law firm of Foley & Mansfield announces that veteran bankruptcy attorney John C. Thomas has joined the Firm as Of Counsel. He will practice in the Firms’ Creditor’ (Tue, 26 Feb 2013 07:06:00 -0800)

Casey Anthony's bankruptcy case staying in Tampa
A federal bankruptcy judge ruled Tuesday that Casey Anthony’s Chapter 7 proceedings will stay in Tampa, denying a request to move it to Orlando. (Tue, 26 Feb 2013 07:52:11 -0800)

Partner's bankruptcy trustee to examine KEL law firm's assets
A U.S. Bankruptcy Court trustee has begun investigating the finances of nearly every business owned by the partners of Orlando's high-profile KEL law firm, in an attempt to recover money for creditors in the bankruptcy case of KEL co-founder Craig Lynd, court records show. (Tue, 26 Feb 2013 14:40:59 -0800)

Stockton Ordered to Prove Bankruptcy Eligibility at Trial
The city of Stockton, California, must prove during a trial next month that it is eligible to remain in bankruptcy, where it is protected from creditors, a judge ruled. (Tue, 26 Feb 2013 16:50:39 -0800)

Lilly Foundation monitoring Charles Street AME bankruptcy
The Lilly Foundation said it’s monitoring the contentious bankruptcy proceedings of the Charles Street African Methodist Episcopal Church, in the wake of reports that the Boston congregation tapped restricted grant funds while it was struggling financially. (Wed, 27 Feb 2013 00:09:22 -0800)

Bankruptcy set for trial
STOCKTON - A judge overseeing Stockton's bankruptcy on Tuesday set a four-day trial one month from now to resolve a hard-fought battle over the city's eligibility to seek Chapter 9 protection. (Wed, 27 Feb 2013 00:22:47 -0800)

Bankruptcy Judge Approves Dewey’s Liquidation Plan
A federal bankruptcy judge approved the liquidation plan for failed law firm Dewey & LeBoeuf, setting the stage for the firm’s many creditors to begin recovering some of the hundreds of millions they are owed. (Wed, 27 Feb 2013 09:25:10 -0800)

Court Approves Dewey Bankruptcy Plan, Officially Dissolving Firm
At the heart of the proposal is a deal under which about 450 former partners agreed to return a portion of their pay, raising about $72 million for creditors. (Wed, 27 Feb 2013 10:48:28 -0800)

DealBook: Court Approves Dewey Bankruptcy Plan, Officially Dissolving Firm
At the heart of the proposal is a deal under which about 450 former partners agreed to return a portion of their pay, raising about $72 million for creditors. (Wed, 27 Feb 2013 15:39:16 -0800)

Conexant Files Bankruptcy After Negotiating Soros Sale
The Newport Beach, California-based company listed assets of $212.7 million and liabilities of about $250 million in Chapter 11 papers filed today in U.S. Bankruptcy Court in Wilmington, Delaware. (Thu, 28 Feb 2013 05:46:02 -0800)

Bankruptcy Attorney in Los Angeles Hopes for Better Revenues With New Promotional Video
Bankruptcy attorneys in Los Angeles Zhou & Chini have been working with many people when it comes to filling for bankruptcy. The firm has decided to launch a new promotional video so that it can spread word about its services to different areas.(PRWEB) February 28, 2013 Los Angeles bankruptcy attorneys Zhou & Chini have been working in bankruptcy law for many years now. The law offices of Zhou ... (Thu, 28 Feb 2013 06:56:50 -0800)

JPMorgan says London Whale didn't cause Lehman bankruptcy
NEW YORK (Reuters) - The former JPMorgan Chase & Co trader known as the "London Whale" was not responsible for Lehman Brothers Holdings Inc's bankruptcy and should not be dragged into an $8.6 billion lawsuit accusing the largest U.S. bank of causing it, JPMorgan said. In a Wednesday filing in Manhattan bankruptcy court, JPMorgan said Lehman knew from documents it produced itself that the trader ... (Thu, 28 Feb 2013 08:09:54 -0800)

‘Girls Gone Wild’ Files Bankruptcy to Fight Vegas Debt
The company behind the “Girls Gone Wild” videos filed bankruptcy to protect itself from a $10.3 million debt claimed by Steve Wynn’s Wynn Las Vegas LLC. (Thu, 28 Feb 2013 08:30:58 -0800)

Girls Gone Wild empire put into bankruptcy to keep it from Steve Wynn
Girls Gone Wild founder Joe Francis has put his risqué empire into bankruptcy protection. (Thu, 28 Feb 2013 10:12:28 -0800)

Girls Gone Wild files for bankruptcy
Girls Gone Wild, the softcore video empire founded by Joseph Francis, has filed for bankruptcy after accruing millions of dollars in debt, mostly to casino mogul Steve Wynn. (Thu, 28 Feb 2013 11:41:16 -0800)

JPMorgan says London Whale didn't cause Lehman bankruptcy
NEW YORK (Reuters) - The former JPMorgan Chase & Co trader known as the "London Whale" was not responsible for Lehman Brothers Holdings Inc's bankruptcy and should not be dragged into an $8.6 billion lawsuit accusing the largest U.S. bank of causing it, JPMorgan said. According to a Wednesday filing in Manhattan bankruptcy court, JPMorgan believes that Lehman's own documentation showed that the ... (Thu, 28 Feb 2013 12:53:19 -0800)

Denver Bankruptcy Lawyers, Mile High Bankruptcy Announces Expanded Hours and Service During Tax Season for Chapter 7 ...
Denver Bankruptcy Attorney, Mile High Bankruptcy announces expanded hours and service to further assist clients during the 2013 tax filing seasonDenver, CO (PRWEB) February 28, 2013 Denver bankruptcy attorney, Peter A. Milwid, of Mile High Bankruptcy, specializing in Chapter 7 bankruptcy, is pleased to announce expanded hours and service available during the 2013 tax filing season. Tax season is ... (Thu, 28 Feb 2013 15:12:27 -0800)

Racy "Girls Gone Wild" video company files for bankruptcy
LOS ANGELES (Reuters) - The company behind the "Girls Gone Wild" video series featuring scantily clad young women drinking, dancing and stripping, has filed for bankruptcy protection citing $16 million in debts, according to court papers obtained on Thursday. Privately owned GGW Brands filed for Chapter 11 bankruptcy in U.S. federal court in Los Angeles on Wednesday. The Los Angeles company said ... (Thu, 28 Feb 2013 16:20:01 -0800)

'Girls Gone Wild' files for bankruptcy over debts
The company behind the "Girls Gone Wild" video empire has filed for bankruptcy in a move it says is an effort to restructure its legal affairs after several disputed court judgments.GGW Brands ... (Thu, 28 Feb 2013 17:06:36 -0800)

County bankruptcy filings drop in 2012
The number of Napa County bankruptcy filings dropped 31.7 percent from 2011 to 2012, according to statistics from the U.S. Bankruptcy Court in Santa Rosa. (Thu, 28 Feb 2013 19:20:00 -0800)


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