Money Pains

The judge presiding over Tribune Co.’s Chapter 11 bankruptcy case has approved an expedited process for court action surrounding the company’s sale of the Chicago Cubs baseball team.

Aug. 31 — Huntsman Corp. agreed to buy some assets from bankrupt Tronox Inc

Aug.

An order that froze $1 billion of now bankrupt Colonial BancGroup’s troubled assets has been extended until the end of Monday, Bloomberg News reported.

The bankruptcy petition filed last week by William Jefferson says he and his wife owe between $1 million and $10 million to fewer than 50 creditors. A federal jury convicted the Louisiana Democrat on 11 of 16 counts in a case in which agents found $90,000 in his freezer.

The bankruptcy petition filed last week by former Rep. William Jefferson and his wife, Andrea, says they owe between $1 million and $10 million to fewer than 50 creditors.

Freedom Communications, owner of the Orange County Register and 30 other US newspapers, is expected to file for bankruptcy protection this week, according to published reports.

An undischarged bankrupt who brought a “plethora” of court cases over the years in a bid to have his bankruptcy overturned has been declared a “vexatious litigant”.

Asarco LLC is awaiting a court ruling to determine whether the third-largest U.S. copper producer will leave bankruptcy under control of a parent that the company’s gutted assets or, as it hopes, will prosper under a new owner.

Asarco LLC is awaiting a court ruling to determine whether the nation’s third-largest copper producer will leave bankruptcy under control of a parent that the company’s gutted assets or, as it hopes, will prosper under a new owner.