Money Pains

FONTANA – The City Council has adopted a resolution that limits the amount of money that can be invested in corporate bonds, in the wake of losing $10 million when Lehman Brothers went bankrupt in September.

The liquidation of the bankrupt 567-store Circuit City chain leaves Best Buy as the lone major category-killer left standing in the $1 billion New England consumer electronics…

If you’re trying to hold on to a house you can’t afford, you might consider filing Chapter 7 bankruptcy. If your petition is accepted by a bankruptcy court, your assets, including your house, would be sold to satisfy creditors but all debts would be discharged at the end

If you’re trying to hold on to a house you can’t afford, you might consider filing Chapter 7 bankruptcy. If your petition is accepted by a bankruptcy court, your assets, including your house, would be sold to satisfy creditors but all debts would be discharged at the end. Then you could rent for two years and buy again in a saner market.

HANCOCK COUNTY, Miss.—-Wellman, Inc.

With the isle economy faltering, bankruptcy filings in Hawaii are rising quickly, but the rate still remains among the lowest in the nation.

JEFFERSON – This week’s Chapter 11 bankruptcy filing of Renew Energies is a disappointment for the city of Jefferson, but the city’s mayor, Gary Myers, said Friday it is something he believes the mammoth ethanol producer can withstand.

QMy company just filed Chapter 11. Is there anything I should do to reorganize my personal finances while the company reorganizes in bankruptcy court?

BOSTON – Bankruptcy filings among publicly traded companies surged 74 percent in 2008, according to data from BankruptcyData.com , a division of New Generation Research Inc.

Nortel Networks Corp. has filed for bankruptcy protection in U.S. bankruptcy court in Wilmington, Delaware, according to court filings, Bloomberg News reported.