Money Pains

“It was a very good and informative meeting last night. Bankruptcy is not something to fear.

An Iowa construction company with an Omaha office files for bankruptcy protection, leaving some small businesses in a money pinch.

Farmers who sold corn to bankrupt ethanol producer VeraSun Energy Corp. have been receiving letters asking them to pay back their revenue due to “bankruptcy preference.”

PROVIDENCE, R.I.—A ruling that says that, under Rhode Island law, individuals seeking to recover damages from a bankrupt company cannot directly collect from excess insurers if the company has not exhausted its self-insured retention likely will be significant nationally, said an attorney in the case.

THE former vice-chairman of Burnley Football Club has been declared bankrupt, just days before resigning from the club.

A bankruptcy court auction of the assets of Bear Island Paper Co. LLC is moving ahead with the company’s original stalking-horse bidder agreement in place.

Miami is bankrupt. Unfortunately the city refuses to admit it. As you recoil from your tax warning notice today, ponder this: those multiple tax hikes aren’t the only charges set to rise.

Bankruptcy has grounded Mexico’s largest airline, affecting travelers at Dallas Fort Worth International Airport. Mexicana Airlines quit flying at noon Saturday. The impact is being felt across the country, including in North Texas, where the carrier flew to Mexico City twice, daily.

MEXICO CITY — Mexico’s transportation secretary says debt-ridden carrier Mexicana de Aviacion is halting all operations. Juan Francisco Molinar Horcasitas tells reporters the struggling airline will cease all flights and other activity as of midnight Friday.

In a story just crossing the news wires, The Associated Press reports that “debt-ridden carrier Mexicana airline is halting all operations as of midnight Friday as it seeks to restructure costs, Mexico’s transportation secretary said.