Money Pains

Bankrupt auto mogul Denny Hecker could be headed for jail next week.

NEW YORK, Sept 2 – Innkeepers USA Trust’s bankruptcy plan agreement with a Lehman Brothers Holdings Inc unit has been shot down by a judge after some creditors said it was unfair, according to a lawyer involved in the case.

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.”

BLADE STAFF Bankruptcy filings across northwest Ohio rose in August, reversing a four-month trend in which the number of cases had been declining from last year. Last month had 785 filings, up 6 percent from the same month last year for the 21 Ohio counties within the U.S.

Personal bankruptcy filings fell in August, nearly erasing the rise in filings the prior month, a new report shows.

Farmers in Minnesota who had the bad luck to sell corn to a bankrupt ethanol company are now being asked to repay most of the money they earned.

BURNLEY vice-chairman Ray Ingleby was declared bankrupt just days before he quit Turf Moor, the Lancashire Telegraph can reveal.

A federal judge has confirmed auto parts supplier Visteon’s reorganization plan, clearing the way for the company’s emergence from bankruptcy.

Paul Hogan accuses the Tax Office of trying to bankrupt him after it banned him from leaving the country until he paid an alleged multimillion-dollar tax debt.

Need more evidence that the economy is struggling and people are hurting?