Bankruptcy Protection & Economic Teetering in a Strange Economy

Posted by on Sep 3rd, 2010

Bankruptcy protection may be needed for the city of Harrisburg, Pennsylvania.

Feds say Hecker continues to commit crimes; they want him in jail *now*

Posted by on Sep 3rd, 2010

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

VeraSun Asking Corn Farmers for Repayment

Posted by on Sep 2nd, 2010

Bankrupt ethanol producer VeraSun asking farmers for repayment of money from sold corn Ethanol – Maize – Energy – Business – Renewable

US bankruptcy judge denies Innkeepers’ sale plan

Posted by on Sep 2nd, 2010

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.

No bypass of bankrupt firm’s retention to access excess cover: Court

Posted by on Sep 2nd, 2010

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.

Bankrupt ex-Burnley FC vice-chairman resigns

Posted by on Sep 2nd, 2010

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

Bankruptcy Filings Fell Last Month

Posted by on Sep 2nd, 2010

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

Bankruptcy filings let up

Posted by on Sep 2nd, 2010

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.

Judge tosses Prichard bankruptcy

Posted by on Aug 31st, 2010

MOBILE, Ala. — Prichard’s bankruptcy case was dismissed this morning, after a judge agreed that the city was not eligible for Chapter 9 under Alabama law. A crowd of retirees and current employees applauded when U.S

Briefing: Bankrupt Mexicana airlines ceases flights

Posted by on Aug 29th, 2010

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