Archive for the News Category

Fewer Americans File for Bankruptcy

Wednesday, July 6, 2011 No Comments

Filings in June were down, but that may not indicate an improving economy.

Dodgers Win Court Approval of $60 Million Bankruptcy Loan

Sunday, July 3, 2011 No Comments

Dawn McCarty The Associated Press 2011, Bloomberg News WILMINGTON, Del.

Bankrupt writer still hopeful

Saturday, July 2, 2011 No Comments

Bankrupt writer Alan Duff still believes he will find a solution to his money woes, despite bankrupting himself this week.Speaking from his home in France, Duff said his decision to go bankrupt had not come easily.He failed…

Big Lehman creditor group backs bankruptcy plan

Friday, July 1, 2011 No Comments

NEW YORK/BANGALORE – Lehman Brothers Holdings Inc said creditors holding more than $100 billion of claims now support its reorganization plan, moving the company closer to emerging from the largest-ever U.S.

Bankrupt Borders book seller finds bidder

Friday, July 1, 2011 No Comments

Borders, the second largest US book store chain, has found a bidder to purchase its assets after filing for bankruptcy earlier this year.

Nortel bankruptcy protection extended to December

Thursday, June 30, 2011 No Comments

A Canadian court has extended Nortel’s bankruptcy protection until mid-December as former high-flying tech firm auctions off its remaining assets, including a patent portfolio coveted by Apple, Google and Intel.

The CBO’s Ticking Bankruptcy Bomb

Thursday, June 30, 2011 No Comments

Last week, the Congressional Budget Office issued their Long Term Budget Outlook for 2011.  The report closely validates my own analysis in my new book America’s Ticking Bankruptcy Bomb, released this month by HarperCollins.CBO reports that the national debt is already the highest in history except for World War II, reaching roughly 70% of GDP this year.  On our current course, CBO …

Los Angeles Dodgers’ bankruptcy could hurt Glendale

Thursday, June 30, 2011 No Comments

The Los Angeles Dodgers’ bankruptcy could ripple all the way to Glendale, where the team trains in the spring.

Bankruptcy filing changes the playing field for Frank McCourt’s struggle with Major League Baseball

Thursday, June 30, 2011 No Comments

His risky move into Bankruptcy Court has the league pondering its options in the battle for the Dodgers. The baseball season had just begun and, already, Frank McCourt was struggling to make payroll for his Dodgers ballclub. Major League Baseball executives quickly huddled to discuss strategy.

Obama Administration Appeals Bankruptcy Ruling Against Gay Marriage Ban

Thursday, June 30, 2011 No Comments

The Obama administration appealed a bankruptcy court ruling that found the federal ban on gay marriage unconstitutional.

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