Money Pains

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 bankruptcy filings in New Hampshire dropped sharply in August compared to last month and a year earlier. It was second consecutive monthly decrease in what had been an unrelenting four-year climb in bankruptcy filings.There were 421 filings in August, according to unofficial figures, 52 fewer than July and 73 fewer than the previous August

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

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.

Bankruptcy “has become a real option” for Pennsylvania’s capital of Harrisburg, City Council Vice President Patty Kim said.

U.S. consumer bankruptcy filings fell 8 percent from July to 127,028 in August, the American Bankruptcy Institute reported.

Young Buck Says Bankrupt Does Not Mean Broke! Young Buck, former member of G-Unit, has filed for bankruptcy while maintaining that he isn’t anywhere near broke. In fact, Young Buck listed over $5 million in assets in the Chapter 13 paperwork.

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