Money Pains

Lehman Brothers Holdings Inc , the bankrupt U.S. investment bank, needs at least $550 million to keep its two bank units going as it prepares to sell them or shut them down in 18 months, court documents show.

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.

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.

The number of Hawaii residents filing for bankruptcy protection in August eased slightly from July, but cases remained above the 300 mark for the sixth month in a row.

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.

MEXICO CITY — Mexicana airlines shut down all flights Saturday, marking at least a temporary disappearance from the skies of one of the world’s oldest air carriers. Some airlines offered preferential deals to Mexican passengers scrambling to find alternatives, but many travelers were baffled by how to get home

The World Digest: Bankrupt Mexicana airlines halts all flights; Catholic cardinal offered to hush up sex case in Belgium.