Money Pains

Though a judge ruled that Michael Vick’s bankruptcy plan can be sent to creditors to vote on, it remains unclear how the out-of-work quarterback will get the income to pay them.

Aug. 1 — General Motors Co. ’s Opel unit may be forced into bankruptcy should the U.S

Charlotte developer Crescent Resources paid its top executives $9.2 million in the year before filing for bankruptcy protection in June, according to court papers filed this week.

July 31 — General Motors Co. ’s Opel unit may be forced into bankruptcy if the automaker and the German government fail to agree on a buyer, according to three people close to the trust that controls the division.

LOS ANGELES, July 31 – Bankrupt ethanol maker VeraSun Energy Corp on Friday filed a plan of liquidation with a bankruptcy court that would cancel all shares of its common stock. Under the plan, which is subject to approval by the U.S. Bankrtuptcy Court in Delaware, shareholders would not receive anything for their shares.

A judge has ruled that most of the documents detailing talks between Glendale officials and bidders for the bankrupt Phoenix Coyotes will remain sealed.

LOS ANGELES, July 31 – Bankrupt ethanol maker VeraSun Energy Corp on Friday filed a plan of liquidation with a bankruptcy court that would cancel all shares of its common stock.

July 31 — Finlay Enterprises Inc. , the jewelry retailer founded in 1887, received two bids in advance of a potential bankruptcy filing, according to two people familiar with the situation.

The second richest man in Icelandic history has filed for bankruptcy, his spokesman said Friday. Bjorgolfur Gudmundsson, the brewer-turned-billionaire and former owner of the West Ham soccer club, applied for bankruptcy protection at Reykjavik district court, 96 billion Icelandic kronur in debt, Asgeir Fridgeirsson said.

The second richest man in Icelandic history has filed for bankruptcy, his spokesman said Friday.