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Home > Bankruptcy News

Bankruptcy News Jun 2013

US court-appointed trustee to support parallel bankruptcy against Dunne
Trustee managing the US bankruptcy of Sean Dunne to support Ulster Bank’s application         (Sat, 01 Jun 2013 01:38:12 -0700)

US trustee to support parallel bankruptcy against Dunne
Court-appointed trustee managing the US bankruptcy of Sean Dunne to support Ulster Bank’s application         (Sat, 01 Jun 2013 01:38:26 -0700)

Bankruptcy filings, nonpayment claims temper Port Royal officials' enthusiasm for shrimp dock deal
A Florida shrimper is warning Port Royal officials to think twice before making an agreement with a man who wants to set up a seafood operation on its docks, alleging Steven Giese Sr. still owes her money from two business ventures gone sour. (Sat, 01 Jun 2013 16:11:14 -0700)

7 Tips to Improve Your Credit Score After Bankruptcy
This article outlines seven tips to improve your credit score after bankruptcy. (Sun, 02 Jun 2013 05:00:02 -0700)

How to blow $200 million in five years: The Halsey Minor story
The CNET co-founder makes going from a mammoth payday to bankruptcy look easy (Mon, 03 Jun 2013 03:25:00 -0700)

DealBook: Jefferson County, Ala., Reaches Bankruptcy Deal
Jefferson County’s $4.2 billion municipal bankruptcy is the largest such filing in United States history, and it is being closely watched for the precedent it might set.         (Mon, 03 Jun 2013 18:50:22 -0700)

Can your lender foreclose after bankruptcy?
Dear Bankruptcy Adviser, I filed Chapter 7 bankruptcy, and all debts listed were discharged in 2008. The bank has just notified me of plans to foreclose on a home that was discharged. They plan to put ... (Tue, 04 Jun 2013 03:00:00 -0700)

Bankruptcy filings up more than 2%
For the first time since August, 2010, bankruptcy filings in the 21-county territory covered by U.S. Bankruptcy Court in Toledo rose by more than two percent. (Tue, 04 Jun 2013 03:50:41 -0700)

Bankruptcy filings climb in May
Bankruptcy filings rose in May in South-Central Texas as more individuals sought to reorganize their debts. The increase was driven by more individuals filing for Chapter 13, which allows debtors to reorganize their liabilities. (Tue, 04 Jun 2013 06:56:07 -0700)

Insurer Triad Guaranty Files for Bankruptcy Protection
Triad Guaranty Inc. (TGIC) , a residential mortgage insurer, sought bankruptcy court protection from creditors, citing losses related to the U.S. economic slowdown, housing crisis and unemployment. (Tue, 04 Jun 2013 07:29:37 -0700)

AMR Allowed to Have Creditors Vote on Bankruptcy Plan
AMR Corp., the parent of American Airlines, won court approval to have creditors vote on its plan to exit bankruptcy by merging with US Airways Group Inc. (LCC) to create the world’s largest airline. (Tue, 04 Jun 2013 09:30:53 -0700)

Sale of Ormet Corporation to Smelter Acquisition, LLC Approved by Bankruptcy Court; Operations to Continue Without ...
On June 3, the United States Bankruptcy Court for the District of Delaware approved the sale of substantially all of the assets of Ormet Corporation, a leading producer of primary aluminum, and certain of its affiliates to Smelter Acquisition, LLC, a portfolio company owned by private investment funds managed by Wayzata Investment Partners LLC . (Tue, 04 Jun 2013 12:01:00 -0700)

A County in Alabama Strikes a Bankruptcy Deal
The county’ $4.2 billion municipal bankruptcy is the largest such filing in United States history, and is being closely watched for the precedent it might set. (Tue, 04 Jun 2013 18:21:05 -0700)

Record Muni Bankruptcy Nears End
A big bet by hedge funds and private-equity groups on the largest municipal failure in U.S. history is close to paying off after a deal on Tuesday that should enable Jefferson County, Ala., to exit bankruptcy. ... (Tue, 04 Jun 2013 18:47:00 -0700)

MF Global ends bankruptcy as trustee Freeh steps down
By Nick Brown NEW YORK (Reuters) - Collapsed brokerage MF Global Holdings Ltd on Tuesday effectively ended its bankruptcy, saying court-appointed trustee Louis Freeh will step down and hand the estate's remaining wind-down duties to a new three-member board. The commodities broker, led by former New Jersey Gov. Jon Corzine, went into court-protected bankruptcy in 2011 after investors were ... (Tue, 04 Jun 2013 19:03:06 -0700)

Hundreds of miners protest Patriot bankruptcy
Hundreds of coal miners rallied in western Kentucky Tuesday to protest planned cuts to union wages and benefits by Patriot Coal Corp. as it goes through bankruptcy. The rally organized by the United Mine ... (Wed, 05 Jun 2013 06:36:46 -0700)

Jefferson County’s Bankruptcy Deal
A county in Alabama took a big step toward resolving its bankruptcy. | Regulators are preparing for an important vote on the money market fund industry. | Obama's planned F.B.I. nominee could offer a peek at the largest hedge fund in the world. | Patent rights are set to be publicly traded on a new exchange. (Wed, 05 Jun 2013 07:27:17 -0700)

Jefferson County to Turn Deal Into Bankruptcy Plan
Jefferson County, Alabama, must file a proposal by July 1 to adjust its debts and end the biggest U.S. municipal bankruptcy by November under an agreement signed yesterday with its largest creditors, a lawyer for the county told a judge. (Wed, 05 Jun 2013 10:55:24 -0700)

Bankruptcy filings decline in May
In the latest sign that the worst of the recession is receding, the American Bankruptcy Institute reported Wednesday that total filings were down 12% last month from the same period last year.         (Wed, 05 Jun 2013 12:58:48 -0700)

Jefferson Co. bankruptcy exit plan includes 7.4% sewer rate increase
Wednesday in bankruptcy court, the lead attorney for Jefferson county says rate increases are a must. (Wed, 05 Jun 2013 16:10:20 -0700)

Largest Municipal Bankruptcy In U.S. Nears End
Lawyers for Jefferson County, Alabama, and its creditors have reached a deal to end what is the largest municipal government bankruptcy in U.S. history. Both sides were in court earlier Wednesday to hash out the details. (Thu, 06 Jun 2013 12:27:42 -0700)

Bankruptcy in Alabama County Offers Warning for Other Municipalities
The basic financial decisions about the structure of Jefferson County’s debt were different only in scale from what many other municipalities did. (Thu, 06 Jun 2013 12:46:37 -0700)

Bankruptcy filing would forestall Schermerhorn auction
If the Nashville Symphony Orchestra does file for bankruptcy, experts say that will, at least in the short term, forestall a scheduled June 28 foreclosure auction. (Fri, 07 Jun 2013 05:45:15 -0700)

Dan Walters: Tax-boost plan undermines Stockton's bankruptcy case
Stockton's high-profile municipal bankruptcy is obviously a complex legal proceeding, but at its core, it's a relatively simple conflict. (Sun, 09 Jun 2013 20:15:23 -0700)

Finding a free bankruptcy lawyer for business, consumer debt
If you're considering bankruptcy but can't afford a lawyer, there are a few options available for you. Some bankruptcy attorneys do pro bono work, or you may be able to file the papers on your own (Sun, 09 Jun 2013 22:00:00 -0700)

Battery maker Exide Technologies files for bankruptcy
(Reuters) - U.S. battery maker Exide Technologies filed for Chapter 11 bankruptcy protection early on Monday, court documents showed, with the aim of cutting debt and implementing a restructuring plan to better compete in the market. Exide, which makes lead-acid batteries, said in the court filing that a combination of rising production costs, intense competition and the economic downturn in ... (Sun, 09 Jun 2013 23:40:35 -0700)

NE Opco, Formerly National Envelope, Seeks Bankruptcy
NE Opco Inc., formerly known as National Envelope, filed for bankruptcy for the second time in three years after its business declined amid falling use of U.S. mail as customers moved toward the Internet. (Mon, 10 Jun 2013 01:46:00 -0700)

Exide files for Chapter 11 bankruptcy protection
Battery maker Exide Technologies is seeking Chapter 11 bankruptcy protection as it attempts to restructure its U.S. business and strengthen its balance sheet. (Mon, 10 Jun 2013 06:17:53 -0700)

Exide, a Big Maker of Car Batteries, Files for Bankruptcy
The battery maker Exide Technologies has filed for bankruptcy protection as it seeks to repair its finances amid rising costs for materials and the shutdown of an important operation. (Mon, 10 Jun 2013 07:27:15 -0700)

Envelope maker files second bankruptcy in three years
(Reuters) - National Envelope, the largest private U.S. envelope maker, sought bankruptcy protection for the second time in three years Monday as cost cuts failed to keep pace with the decline in mail usage. The Frisco, Texas, company blamed its struggles in part on its supply agreement with International Paper Co , which prevented it from reducing costs as sharply as its competitors. The ... (Mon, 10 Jun 2013 08:42:54 -0700)

NE Opco files for Chapter 11 bankruptcy protection
WILLMINGTON, Del. (AP) — Envelope maker NE Opco Inc. has filed for bankruptcy protection, saying that the continued shift toward electronic communication has dramatically reduced demand for its products. (Mon, 10 Jun 2013 10:17:16 -0700)

Bankruptcy could affect settlements for investors
Bankruptcy proceedings resulting from the latest lawsuit of a Bartlesville-area financial scandal could have a serious impact on settlements being reached in the case involving The Focus Group and its former senior advisor, Larry Dearman. In Washington County District Court last week, negotiations continued between attorneys representing more than 30 Focus Group clients who already have ... (Mon, 10 Jun 2013 10:26:31 -0700)

BofA could still put Countrywide into bankruptcy, executive says
By Karen Freifeld NEW YORK (Reuters) - Bank of America Corp could put its Countrywide Financial unit into bankruptcy if it fails to win court approval for an $8.5 billion settlement with mortgage investors, a bank executive said on Monday. Chief Risk Officer Terrence Laughlin was testifying at a hearing in New York state court on whether to approve the deal, which would settle claims by ... (Mon, 10 Jun 2013 22:52:20 GMT)

When bankruptcy freezes an airline credit card, what happens to the miles?
If a rewards card is frozen during bankruptcy, you may still have access to most of the points you've earned. It depends on whether the card is co-branded with a travel partner (Tue, 11 Jun 2013 05:00:00 GMT)

Miles Electric Vehicles files for bankruptcy
(Reuters) - U.S. electric car manufacturer Miles Electric Vehicles filed for chapter 11 bankruptcy protection early on Tuesday, court documents showed, highlighting the difficulties faced by battery-powered vehicles in gaining wide market acceptance. Miles Electric Vehicles, founded in 2004 by "green" entrepreneur Miles Rubin, listed estimated assets in the range of $10 million to $50 million ... (Tue, 11 Jun 2013 09:27:19 GMT)

Battery maker Exide Technologies files for bankruptcy protection
In its Chapter 11 bankruptcy filing, Exide cites the forced suspension of operations at its Vernon lead-recycling plant and other economic factors. Battery maker Exide Technologies filed for bankruptcy protection Monday, citing the forced suspension of operations at its Vernon lead-recycling plant and other economic factors.         (Tue, 11 Jun 2013 10:11:13 GMT)

Will Bankruptcy Help Mortgage Modification?
If you already filed Ch. 7, you can file Ch. 13 to help bring your mortgage current, but be careful. (Tue, 11 Jun 2013 20:00:56 GMT)

Affiliates of electric car maker Coda file for bankruptcy
By Paul Lienert and Sakthi Prasad (Reuters) - Two affiliates of failed U.S. electric-car maker Coda Automotive filed for chapter 11 bankruptcy protection on Tuesday, according to court documents, in another sign of the challenges facing the "green" car industry. Lio Energy Systems Holdings, based in Delaware, and Hong Kong-based Miles Electric Vehicles Ltd are seeking to have their cases jointly ... (Tue, 11 Jun 2013 21:46:53 GMT)

Bankruptcy Case Offers Hope for Student Borrowers
After a 10-year court battle, one law graduate got his loans partially discharged. (Wed, 12 Jun 2013 14:06:49 GMT)

Bankruptcy Case Offers Hope for Student Borrowers
A 10-year court battle waged by Michael Hedlund, a graduate of Willamette Law School, to discharge his student loans has recently ended with a 9th U.S. Circuit Court of Appeals decision partially discharging his loans. (Wed, 12 Jun 2013 15:26:45 GMT)

Bankruptcy bill pledges fairness
New bankruptcy legislation which aims to be fairer to both those in debt and their creditors is introduced to the Scottish Parliament. (Wed, 12 Jun 2013 16:25:14 GMT)

S&P cuts Detroit rating to CCC- as city strives to avoid bankruptcy
(Reuters) - As Detroit prepares to discuss with creditors how to avoid bankruptcy, Standard and Poor's Ratings Services on Wednesday lowered the city's rating by four notches to CCC minus. The downgrade from B, which affects both general obligation bonds and pension obligation certificates, is based on recent announcements from the city's emergency financial manager "that Detroit may take steps ... (Thu, 13 Jun 2013 01:19:31 GMT)

CNET Founder’s Bankruptcy Thrown Out Over Missed Deadline
CNET Networks Inc. founder Halsey Minor, who filed for bankruptcy last month -- five years after selling the company for $1.8 billion -- lost access to court protection after missing a deadline for handing in documents. (Thu, 13 Jun 2013 21:39:58 GMT)

Bond insurer attorneys barred from San Bernardino bankruptcy
By Tim Reid LOS ANGELES (Reuters) - The judge overseeing the bankruptcy of San Bernardino, California, on Thursday disqualified a law firm from representing a major bond insurer in the case, because she said some of its lawyers had "switched sides." Federal Bankruptcy Judge Meredith Jury said the law firm of Winston & Strawn can no longer represent one of the city's creditors, bond insurer ... (Thu, 13 Jun 2013 23:25:18 GMT)

Detroit creditors brace for haircuts, or worse, at meeting to avoid bankruptcy
DETROIT (Reuters) - Detroit's creditors will begin to learn on Friday morning what they can recover without driving the financially troubled city into bankruptcy when the city's emergency manager unveils his restructuring plan. Manager Kevyn Orr has dropped hints that creditors would fare better by compromising now rather than in court should he opt to file what would be the biggest municipal ... (Fri, 14 Jun 2013 04:11:01 GMT)

Bankruptcy Lawyer Completes Bankruptcy Information Brea Page To Help Answer Residents' Questions About California ...
The bankruptcy attorneys in Brea Zhou & Chini recently finished an important informational page on bankruptcy for Brea locals. The information on the page displays the information about California bankruptcy exemptions and more. (PRWeb June 14, 2013) Read the full story at http://www.prweb.com/releases/ba (Fri, 14 Jun 2013 08:01:45 GMT)

Detroit on Bankruptcy’s Brink Stops Paying Some Debts, Orr Says
Detroit will suspend payments on unsecured debt, beginning with a $39.7 million installment due today, Emergency Manager Kevyn Orr said as he outlined a plan to avoid a record municipal bankruptcy. (Fri, 14 Jun 2013 16:05:08 GMT)

Detroit defaults on some debt to avoid bankruptcy filing
Detroit defaulted on some debt on Friday and proposed that creditors take a drastic cut in the money they are owed by the "insolvent" city in order to avoid the largest municipal bankruptcy filing ... (Fri, 14 Jun 2013 17:16:30 GMT)

Detroit Fights to Avoid Bankruptcy
Detroit asked creditors to accept pennies on the dollar to help it avoid bankruptcy. (Sat, 15 Jun 2013 00:56:29 GMT)

Orchard Supply files for bankruptcy, Lowe's steps in
By Sakthi Prasad (Reuters) - Orchard Supply Hardware Stores Corp , spun off by Sears Holdings Corp less than two years ago, has filed for Chapter 11 bankruptcy protection partly blaming hefty dividends paid out to its former parent. Rival retailer Lowe's Companies said it would buy at least 60 of Orchard's 91 neighborhood hardware and garden stores in California for about $205 million and also ... (Mon, 17 Jun 2013 13:37:49 GMT)

OnCure Holdings, Cancer Clinic Operator, Files Bankruptcy
OnCure Holdings Inc., which provides equipment and management services to cancer clinics in three states, filed for bankruptcy blaming cuts in federal health- insurance payments. (Mon, 17 Jun 2013 16:45:53 GMT)

Tribune ends bankruptcy stint with lower earnings
The company that owns the Chicago Tribune, Los Angeles Times and more than 20 television stations, made slightly less money last year as it ended a lengthy ordeal in bankruptcy court. A financial statement ... (Mon, 17 Jun 2013 22:59:07 GMT)

Will my 401(k) be safe if I file for bankruptcy?
Dear Bankruptcy Adviser, I am retired and am struggling with credit card debt. If I file for bankruptcy, will my 401(k) be seized to pay creditors, or will my 401(k) remain intact? -- Karen Dear Karen, ... (Tue, 18 Jun 2013 10:00:00 GMT)

Retired workers v bondholders as Detroit faces bankruptcy
When New York City threatened to declare bankruptcy in 1975, the idea so terrified everyone that it forced the city, its workers and its recalcitrant bankers to sit down and find ways to share the pain. (Tue, 18 Jun 2013 16:35:59 GMT)

Bankruptcy extension serves no purpose: QC
There is no good reason for Jamie Peters' bankruptcy to be extended as he faces Official Assignee claims he still has control of significant assets and continues to manage businesses, says the ex-rich-lister's lawyer.Peters, 42,... (Tue, 18 Jun 2013 17:55:28 GMT)

Kodak prepares $406 million offering as it eyes bankruptcy exit
(Reuters) - Eastman Kodak Co on Tuesday said it will seek court approval for a $406 million rights offering that could give creditors a big equity stake in the company after it emerges from Chapter 11 bankruptcy protection. Kodak said creditors agreed to backstop an offering that would let the Rochester, New York-based company issue 34 million common shares at $11.94 each, equal to about 85 ... (Wed, 19 Jun 2013 01:00:28 GMT)

Zhou & Chini Bankruptcy Attorneys Are Pleased To Announce Completion Of A California Bankruptcy Information Page For ...
California bankruptcy attorneys Zhou & Chini complete another page to assist Southern California residents seeking bankruptcy information. The Garden Grove page for the website lists various rules and regulations regarding filing for bankruptcy. (PRWeb June 19, 2013) Read the full story at http://www.prweb.com/releases/ba (Wed, 19 Jun 2013 08:28:45 GMT)

Will my 401(k) be Safe if I File for Bankruptcy?
Retirement money is safe in bankruptcy, as long as you keep it in the right place. (Wed, 19 Jun 2013 18:29:09 GMT)

Kodak strikes post-bankruptcy loan deal with banks
(Reuters) - Eastman Kodak Co said on Thursday that it had reached a $895 million financing deal with three Wall Street banks that will help fund its rebirth as commercial imaging business after the former film pioneer emerges from bankruptcy. Affiliates of JPMorgan Chase & Co , Bank of America Corp and Barclays Plc will be joint lead arrangers for a senior secured term loan package of $695 ... (Thu, 20 Jun 2013 13:48:50 GMT)

Hearings put Kodak on cusp of ending its bankruptcy
U.S. Bankruptcy Court has a slew of Kodak issues before it in coming days, from sale of two business units on Thursday to details on Kodak's emergence plan next week. (Thu, 20 Jun 2013 14:50:01 GMT)

Detroit's bankruptcy threat turbo-charging progress
In the same week that Emergency Manager Kevyn Orr details his restructuring proposal to off-load retiree health care and cut pensions, the Ilitch Family takes a big step toward its $650M complex downtown, $283M of it to come from public sources. (Fri, 21 Jun 2013 06:52:50 GMT)

Newton estate deal to get bankruptcy judge review
LAS VEGAS (AP) — A federal bankruptcy judge is poised to sign off on a legal settlement that resulted in "Mr. Las Vegas" Wayne Newton moving from his sprawling "Casa de Shenandoah" property after 45 years. (Fri, 21 Jun 2013 14:30:14 GMT)

Exhibit designer VisionStream files for bankruptcy
Its largest creditors include Enterprise Bank & Trust and Commerce Bank.  (Fri, 21 Jun 2013 14:38:00 GMT)

Bankruptcy judge in Vegas OKs Newton estate deal
A federal bankruptcy judge signed off on a sealed agreement that resulted in "Mr. Las Vegas" Wayne Newton moving from his sprawling "Casa de Shenandoah" property after 45 years. Newton ... (Fri, 21 Jun 2013 18:20:46 GMT)

Dykstra finishes sentence for bankruptcy fraud
Former All-Star outfielder Lenny Dykstra has been released from a California prison after serving time for bankruptcy fraud. (Fri, 21 Jun 2013 18:42:36 GMT)

Bankruptcy Judge in Las Vegas OKs Newton Estate Deal
A federal bankruptcy judge signed off on a sealed agreement that resulted in "Mr. Las Vegas" Wayne Newton moving from his sprawling "Casa de Shenandoah" property after 45 years. (Fri, 21 Jun 2013 19:07:03 GMT)

Bankruptcy judge OKs Newton estate deal in Vegas
LAS VEGAS (AP) — The bankruptcy deal is done, Wayne Newton and his family are out, and the majority owner of Newton's former "Casa de Shenandoah" property said Friday he still wants to turn the southeast Las Vegas spread into a tourist attraction. (Fri, 21 Jun 2013 20:14:19 GMT)

Bankruptcy judge OKs Wayne Newton estate deal; new owner still vows Vegas tourist attraction
LAS VEGAS, Nev. - The bankruptcy deal is done, Wayne Newton and his family are out, and the majority owner of Newton's former "Casa de Shenandoah" property said Friday he still wants to turn the southeast Las Vegas spread into a tourist attraction. (Fri, 21 Jun 2013 20:50:08 GMT)

Global shipper TMT files for bankruptcy protection
HOUSTON, June 21 (UPI) -- Global shipping company TMT Group filed for bankruptcy protection in Houston after its out-of-court effort to restructure its $1.46 billion debt failed. (Fri, 21 Jun 2013 23:13:03 GMT)

Detroit Bankruptcy Endangers City's Cultural Gems
Detroit bankruptcy could force museums to auction off cultural treasures to help pay city debt         (Sun, 23 Jun 2013 15:26:41 GMT)

Detroit bankruptcy could force museums to auction off cultural treasures to help pay city debt
DETROIT — When Johnathan Shearrod gazes at Van Gogh's "Self Portrait," Bruegel the Elder's "Wedding Dance" or any of the other treasures at the Detroit Institute of Arts, he can't help but fear for their future. (Sun, 23 Jun 2013 16:30:40 GMT)

Kelly Rutherford Files for Bankruptcy
The actress filed a petition for Chapter 7 bankruptcy last month (Sun, 23 Jun 2013 18:07:36 GMT)

Kelly Rutherford Files for Bankruptcy Amid Custody Battle With Ex-Husband
Kelly Rutherford has filed for bankruptcy. Credit: Ilya S. Savenok/Getty Images (Sun, 23 Jun 2013 23:49:45 GMT)

Alabama bankruptcy highlights challenges facing Detroit
The nation's largest municipal bankruptcy may be nearing a conclusion after' months in court and the Alabama county offers some lessons for Detroit if it is forced to file for Chapter 9 restructuring in the coming months. (Mon, 24 Jun 2013 05:55:26 GMT)

Alabama bankruptcy highlights challenges facing Detroit
The nation's largest municipal bankruptcy may be nearing a conclusion after' months in court and the Alabama county offers some lessons for Detroit if it is forced to file for Chapter 9 restructuring in the coming months. (Mon, 24 Jun 2013 06:23:04 GMT)

Alabama bankruptcy highlights challenges facing Detroit
The nation's largest municipal bankruptcy may be nearing a conclusion after' months in court and the Alabama county offers some lessons for Detroit if it is forced to file for Chapter 9 restructuring in the coming months. (Mon, 24 Jun 2013 07:16:15 GMT)

California Bankruptcy Exemption Page Completed For Zhou & Chini CaliforniaBankruptcyInformation.com Website
Southern California bankruptcy attorneys Zhou & Chini complete another informative page for their wiki style website. The newest page focuses on California bankruptcy exemptions and what the mean for those filing. (PRWeb June 24, 2013) Read the full story at http://www.prweb.com/releases/Ca (Mon, 24 Jun 2013 07:49:11 GMT)

Kelly Rutherford Files For Bankruptcy Amid Bitter Custody Battle
Over $2 million in debt trying to retrieve her children from France. (Mon, 24 Jun 2013 15:18:00 GMT)

'Gossip Girl ' Star Files for Bankruptcy
The actress Kelly Rutherford, who’s been locked in a lengthy custody battle with her ex-husband, has filed for bankruptcy. In a Chapter 7 bankruptcy petition filed in May and obtained by ABCNews.com, the former “Gossip Girl” star claims total debts of over $2 million and $23,937...         (Mon, 24 Jun 2013 16:56:35 GMT)

'Gossip Girl ' Star Files for Bankruptcy
The actress Kelly Rutherford, who’s been locked in a lengthy custody battle with her ex-husband, has filed for bankruptcy. In a Chapter 7 bankruptcy petition filed in May and obtained by ABCNews.com, the former “Gossip Girl” star claims total debts of over $2 million and $23,937...         (Mon, 24 Jun 2013 19:07:46 GMT)

Why This Bankruptcy Is a Black Eye for One Company and an Opportunity for Another
Why This Bankruptcy Is a Black Eye for One Company and an Opportunity for Another         (Mon, 24 Jun 2013 21:35:58 GMT)

5 bankruptcy myths busted
Only deadbeats, cheats and crooks file for bankruptcy, right? Nothing could be further from the truth, say the folks who deal with bankruptcy day to day (Tue, 25 Jun 2013 12:00:00 GMT)

CODA Auto Emerges From Bankruptcy With Focus On Grid Storage
The collapse of CODA Automotive, the Santa Monica, CA-based electric car maker that filed for bankruptcy earlier this month, has finally achieved closure. (Tue, 25 Jun 2013 14:24:40 GMT)

Kelly Rutherford of 'Gossip Girl' files for bankruptcy following divorce, custody battle
By CAROLINE LEE, UPI.com The 'Gossip Girl' star spent $1.5 million on a divorce and custody battle with her ex-husband and now faces bankruptcy. (Tue, 25 Jun 2013 17:14:03 GMT)

Biggest cause of personal bankruptcy: Medical bills
Rising medical bills are expected to push 1.7 million American households into bankruptcy this year—making health expenses the single biggest cause of such filings, outpacing bankruptcies due to credit-card bills or unpaid mortgages, according to new data. Even having health insurance doesn't shield consumers against financial hardships.NerdWallet Health, a division of the price-comparison ... (Tue, 25 Jun 2013 20:14:06 GMT)

Bankruptcy Court Approves Voting By Creditors On Kodak's Plan Of Reorganization
Bankruptcy Court Approves Voting By Creditors On Kodak's Plan Of Reorganization (Wed, 26 Jun 2013 03:34:20 GMT)

Bankruptcy Won't Help These Money Woes
Your financial "sins" won't go away if you file bankruptcy. Take a look at the big picture. (Wed, 26 Jun 2013 12:43:26 GMT)

Pfizer’s Quigley Can End Nine-Year Bankruptcy, Judge Says
Pfizer Inc. (PFE) ’s non-operating Quigley Co. can end almost nine years in bankruptcy under a plan that will resolve most asbestos claims against the world’s largest drugmaker and its former maker of insulation products. (Wed, 26 Jun 2013 16:20:22 GMT)

Casey Anthony: ruiling made in defamation suits
A bankruptcy judge ruled Tuesday that the two defamation suits against Casey Anthony be heard in bankruptcy court and not in Orange County Circuit. The ruling was a small win for Anthony, whose attorneys had asked that the lawsuits be treated as a federal matter. (Wed, 26 Jun 2013 17:52:32 GMT)

Ally's $2.1 billion payment to ResCap gets court approval
By Nick Brown NEW YORK (Reuters) - A bankruptcy judge on Wednesday approved a settlement in which the U.S. government-owned Ally Financial Inc , formerly the finance arm of General Motors Co., will pay $2.1 billion to its bankrupt unit Residential Capital LLC . Judge Martin Glenn also said he will unseal a report by a bankruptcy examiner probing Ally's role in ResCap's collapse. The report had ... (Wed, 26 Jun 2013 18:08:24 GMT)

Casey Anthony Wins Small Victory in Court During Bankruptcy Hearing
Casey Anthony had a small win in court on Tuesday. U.S. Bankruptcy Judge K. Rodney May ruled that two defamation suits which were filed against Anthony will proceed in his court and not... (Wed, 26 Jun 2013 19:48:28 GMT)

Ally's $2.1 billion payment to ResCap gets court's OK
By Nick Brown NEW YORK (Reuters) - A bankruptcy judge on Wednesday approved a settlement in which the U.S. government-owned Ally Financial Inc , formerly the finance arm of General Motors Co., will pay $2.1 billion to its bankrupt unit Residential Capital LLC . U.S. Bankruptcy Judge Martin Glenn also made public a previously sealed examiner's report concluding that Ally made missteps that left ... (Wed, 26 Jun 2013 22:13:03 GMT)

If Detroit opted for bankruptcy, experts say wouldn't encourage others
By Hilary Russ (Reuters) - A bankruptcy filing by cash-strapped Detroit would be unprecedented, but the city's situation differs so much from other troubled municipalities that it would unlikely become a model for others to follow, two analysts said on Wednesday. On the U.S. municipal bond market, Detroit is widely followed as a test case for the deep losses demanded of holders of general ... (Wed, 26 Jun 2013 22:26:22 GMT)

Cengage Learning may file for bankruptcy protection soon: WSJ
(Reuters) - Textbook publisher Cengage Learning Acquisitions Inc may file for bankruptcy protection in the coming days, the Wall Street Journal said, citing people familiar with the matter. The publisher, which is owned by British investment firm Apax Partners, is currently negotiating a prearranged bankruptcy restructuring with senior creditors and plans to seek Chapter 11 court protection as ... (Fri, 28 Jun 2013 01:10:38 GMT)

Bankruptcy: One year later in Stockton
STOCKTON - Filing bankruptcy one year ago today came with its share of lumps. Stockton earned the notoriety for becoming the nation's largest city to seek Chapter 9 protection. (Fri, 28 Jun 2013 07:14:13 GMT)

Reader's Digest publisher expects to emerge from bankruptcy by end: July
(Reuters) - The publisher of the Reader's Digest magazine said it expects to emerge from bankruptcy by the end of July after the bankruptcy court for the Southern District of New York approved its reorganization plan. The Reader's Digest Association Inc and its affiliates filed for Chapter 11 bankruptcy protection for the second time in less than four years in February, citing a greater-than ... (Sat, 29 Jun 2013 00:35:20 GMT)

Stockton taxpayers want bigger role in California city's bankruptcy case
By Jim Christie SAN FRANCISCO (Reuters) - A group of California taxpayers went to court on Friday to demand a greater role in how the city of Stockton would raise taxes to exit the bankruptcy it filed a year ago. The group asked the U.S. Bankruptcy Court in Sacramento for official committee status so its members could see details on Stockton's plan for increasing its sales tax. If granted this ... (Sat, 29 Jun 2013 02:03:14 GMT)

Jefferson County Files to End Bankruptcy, Adjust Debt
Jefferson County, Alabama, filed a plan to end the biggest U.S. municipal bankruptcy later this year by imposing more than $1 billion in principal reduction on investors who hold defaulted sewer-related debt. (Sun, 30 Jun 2013 20:30:53 GMT)

Alabama county files exit plan to end $4.2 billion bankruptcy
By Michael Connor (Reuters) - Alabama's Jefferson County on Sunday filed a negotiated restructuring plan to wind up America's largest municipal bankruptcy and lock in losses of as much as 70 cents on the dollar for JPMorgan Chase and other Wall Street creditors. The court filing is the latest chapter in a saga of corruption and mismanagement of public finances that forced the most populous ... (Sun, 30 Jun 2013 23:13:43 GMT)


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