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Here are some tips for coping, whether you are on the edge of bankruptcy or simply looking for greater financial security ... He is considering filing bankruptcy, and I am concerned how that will affect my credit ... The bankruptcy's effect on credit is not a tax issue. (Fresno Bee -- Business)
GM To Begin Repaying $6.7B in U.S. Loans Nov 17, 2009
General Motors, its river of red ink stemmed by a trip through bankruptcy court, reported a narrower quarterly loss and said it would start repaying billions of dollars in government loans that helped keep it alive ... The automaker was also helped by having been stripped of many of its debt obligations in bankruptcy court. (CBS News)
Homestead Naturals offers best of organic Nov 17, 2009
Then World Com filed for bankruptcy and the telecommunications industry bubble burst. The next thing the couple knew, they had lost their house, jobs and most of their belongings. (Park Hills Daily Journal, MO)
Stocks surge as retail sales rebound and dollar declines Nov 17, 2009
2 billion in the period since emerging from bankruptcy and the end of the third quarter on Sept. 30. Despite the loss, GM said it will begin to repay $6. (USA Today -- Money)
Enron's Skilling May Report to Federal Prison Today Nov 17, 2009
Skilling maintains his innocence and said he was made a scapegoat in Enron's collapse and bankruptcy. Skilling, who transformed Enron from a sleepy pipeline company into the world's largest energy trader before the company plunged into bankruptcy in 2001, has been under house arrest in his 9,215-square-foot Mediterranean mansion in Houston's River Oaks section. (Yahoo News -- Enron)
Report: Foreclosure Crisis Hits Blacks, Latinos Nov 17, 2009
The report from the William C. Velasquez Institute called on the federal government to take steps, including reforming bankruptcy laws and expanding eligibility for mortgage modification efforts, to help combat the crisis. "If nothing is done then the foreclosures will continue disproportionately hitting blacks and Latinos," said UCLA professor Raul Hinojosa the author of the study. (Newsmax)
Read the 'JER' transcript Nov 17, 2009
With so many on the brink of bankruptcy, that move may be closer than you think. Just last week, the state of New Hampshire agreed to back a loan to one of its dailies. (Fox News)
Read the 'Cost of Freedom' recap Nov 17, 2009
Let them go through the bankruptcy court. That's what the law is for. (Fox News)
GM says it's ready to start repaying government Nov 17, 2009
The automaker is paying the loans out of its government escrow account, money it's had available since the company emerged from bankruptcy ... GM entered bankruptcy court June 1 and emerged June 10 as a new company ... The loss does appear to be smaller than in recent pre-bankruptcy periods, though the automaker warned that the accounting for the new figures doesn't line up with that of past figures and shouldn't be compared. (USA Today -- Autos)
Money-losing GM to repay aid early, sees 2010 share offering Nov 17, 2009
" GM owes 6.7 billion dollars to the US Treasury and 1.4 billion US dollars to Canada for loans to help the company emerge from bankruptcy as a new entity. In releasing preliminary financial results, GM said it would come up with 1.2 billion dollars for loan repayment in December followed by quarterly payments. Henderson said the company plans to repay the US and Canadian loans within two years, and possibly by June 2010 if conditions warrant. "If the business is in reasonable condition and the... (Channelnewsasia.com)
Open Range Energy Corp. Reports Third Quarter Results, Provides Operational Outlook and Announces First-Half 2010 Guidance Nov 17, 2009
Both companies are Canadian subsidiaries of SemGroup, L.P., which in July 2008 filed a voluntary petition for reorganization under Chapter 11 of the Bankruptcy Code in the United States. As of September 30, 2009, the Corporation is owed $949,462 and $97,146 from SemCanada Energy Company and SemCanada Crude Company (December 31, 2008 - $949,462 and $97,146), respectively. (CCNMatthews Press Releases)
GM sees improvement despite 3Q loss Nov 17, 2009
The disclosure is the first comprehensive look at the GM s finances since emerging in July from bankruptcy with about $50 billion in federal aid. The managerial net loss was for the period of July 10, the day the automaker exited 39 days of bankruptcy court protection, through Sept. 30. (Pittsburgh Business Times, PA)
* GM to step up payments to US, Canada Nov 17, 2009
2 billion since emerging from bankruptcy in July, but said it would step up repayments to the US and Canadian governments of bailout aid ... 4 billion to Canada for aid to help it emerge as a new entity from bankruptcy ... GM, which exited bankruptcy as a new privately held company on July 10, has said it hopes to sell stock to the public late next year so taxpayers can recoup at least part of their remaining investment. (Taipei Times, Taiwan -- World)
* Grupo Mexico wins back Asarco mining unit Nov 17, 2009
The deal was previously recommended for approval by US Bankruptcy Court Judge Richard Schmidt ... The outcome involves Asarcos three Arizona mining operations and a Texas refinery placed in bankruptcy in August 2005 when the company ran out of cash and faced hefty environmental liability and potential asbestos-related claims ... Grupo Mexico lost control of Asarco shortly after the company filed for bankruptcy protection when independent directors were placed on the board. (Taipei Times, Taiwan -- World)
14 Max & Ermas being closed as firm reorganizes Nov 17, 2009
Columbus-based has closed four restaurants since the company was put into Chapter 11 bankruptcy reorganization Oct. 23, including one in the city. Ten more are to close by Nov. 16. (Columbus Business First, OH)
Months after new owner takes over, cabinet maker files for bankruptcy Nov 17, 2009
filed for bankruptcy protection on Nov. 11, citing $2 million in debts ... Court papers filed at U.S. Bankruptcy Court in Albany indicate Millbrook had $2 million in debts, including a $350,000 mortgage and $32,000 in back taxes. (Albany Business Review, NY)
MY VIEW: Widewaters why them and not us? Nov 17, 2009
This past spring, General Growth Properties, the second largest mall operators in the country, filed for bankruptcy, suffering what some call the biggest commercial real estate collapse in US history. It s not just our homes that are dropping in value, mall vacancies are at their highest in over a decade. (Hudson Register Star, NY)
GM reports $1.2B loss, says it shows progress Nov 17, 2009
2 billion from the time it left bankruptcy protection through Sept. 30, far better than it has reported in previous quarters and a sign that the auto giant is starting to turn around its business ... The company cautioned that the earnings numbers mean little because they don t comply with U.S. accounting standards and cover only the part of the quarter after GM left Chapter 11 bankruptcy protection on July 10 ... 4 billion profit the troubled automaker is reporting for the first nine days of... (Roanoke Rapids Daily Herald, NC)
GM Gains, But Weaknesses Remain Nov 17, 2009
And CEO Frederick A. "Fritz" Henderson had similar news on Monday, Nov. 16, when GM released its first earnings statement since emerging from bankruptcy in July ... That's the big problem has yet to fix: While bankruptcy helped slash costs and cut plants, GM still needs prove it can hold sales gains against its competition, if not start showing some market-share growth ... The bankruptcy reduced GM's debt from almost $95 billion to $17. (BusinessWeek)
GM losses not as bad as feared Nov 17, 2009 U.S. Trustee Objects to Third-Party Releases in LandAmerica's Reorganization Plan Nov 17, 2009 9th Circuit Panel Rebukes Calif. Federal Judge Over Marcos Millions Nov 17, 2009 10 Secrets to Raising More Than $15,000 for College Nov 17, 2009 Bankruptcy process to be sped up Nov 17, 2009 J.P. Morgan Settles WorldCom Suit for $2 Billion Nov 17, 2009 Andersen Will Settle Suit Over WorldCom Nov 17, 2009 Stock index futures signal dip after rally Nov 17, 2009 Sacramento agent accused of $6.3M scheme Nov 17, 2009 Still losing cash, GM to repay aid early, plans 2010 IPO Nov 17, 2009 GM reports $1.2 billion third-quarter loss Nov 17, 2009 Grupo Mexico Wins Back Copper Mining Unit Asarco Nov 16, 2009 LETTER: Obama dismantling free-market system Nov 16, 2009 Word on the street: Selma brews its own coffeehouses Nov 16, 2009 Critics say private probation punishes poor unfairly Nov 16, 2009 Longer wait for state's cash Nov 16, 2009 Grupo Mexico Wins Fight to Control of Bankrupt Asarco; Sterlite Rejected Nov 16, 2009 Sands looks to restart Macau casino work next year Nov 16, 2009 Deloittes Gary Tabach lands bigger regional role Nov 16, 2009 Jobless hit particularly hard Nov 16, 2009 The most prestigious park on earth Nov 15, 2009 Andersen Will Settle Suit Over WorldCom Nov 15, 2009 Hotel barons stripped of all property ownership Nov 15, 2009 10 Secrets to Raising More Than $15,000 for College Nov 15, 2009 Judge rebuked over Marcos money Nov 15, 2009 Healthcare reform necessary; nation is at crossroads Nov 15, 2009 Enron's Skilling May Report to Federal Prison Today Nov 15, 2009 Battle over sewage starts to get dirty Nov 15, 2009 We can only hope that it gets better Nov 15, 2009 A grand studio dream runs headlong into reality Nov 15, 2009 Neb. meatpacker sued over handling of layoffs Nov 15, 2009 LETTER: Take the time to do health reform right Nov 15, 2009 Obama calls for summit on jobs Nov 14, 2009 Get off the couch Nov 14, 2009 Brazil making inroads against hunger Nov 14, 2009 Deal in place for new fun center at former Hilander Bowl building Nov 14, 2009 Homestead Naturals offers best of organic Nov 14, 2009 J.P. Morgan Settles WorldCom Suit for $2 Billion Nov 14, 2009 Readers Write 11/15 Nov 14, 2009 Robin Hood Says `Hell Yeah' to Wall Street Recovery Led by Goldman Bonuses Nov 14, 2009 Deal in Oak Knoll's Lehman Bros. suit near Nov 14, 2009 Report: Hecker could face contempt charge Nov 14, 2009 Restaurant partners end legal battles Nov 14, 2009 Phoenix-based NutraCea files for bankruptcy Nov 14, 2009 At GM, Loss Reduction Is a Good Start Nov 14, 2009 Times-Union parent turns a profit in 3Q Nov 14, 2009 Hotels lead way in troubled assets Nov 14, 2009 Fire sale ends on the pricey peninsula Nov 14, 2009 Partners band together to form new brewery in North Versailles Nov 13, 2009 So much for the Dems big tent Nov 13, 2009 Planning to get out of business starts when you go into business Nov 13, 2009 FBI: Fla. lawyer's alleged fraud over $1 billion Nov 13, 2009 Magnum markets Opus South property Nature Coast Commons Nov 13, 2009 LETTER: Obama dismantling free-market system Nov 13, 2009 Urgo Hotels buys resort for $7.1M Nov 13, 2009 Feds: Fla. Attorney Rothstein's Alleged Fraud Could Hit $1 Billion Nov 13, 2009 Out of work, out of luck Nov 13, 2009 RRA no more as firm dissolves Nov 13, 2009 LETTER: Government not good at running a business Nov 13, 2009 Former Alva man convicted of cattle rustling Nov 13, 2009 Talking to Investment Strategist Byron Wien of Blackstone Nov 13, 2009 Dexia Posts $407 Million Third-Quarter Profit After Selling U.S. Bond Unit Nov 13, 2009 Sabres slip in NHL valuation standings Nov 13, 2009 Millbrook Custom Cabinetry files for bankruptcy Nov 12, 2009 CinemaNorth out of the picture Nov 12, 2009
15 billion loss in its first financial report since exiting bankruptcy, a far better report compared to previous quarters and a sign that the automaker is making progress ... 9 billion compared to the revenue reported by the company prior to its bankruptcy filing in the second quarter of 2009 ... However, GM revealed that its earnings numbers cover only part of the quarter since GM left Chapter 11 bankruptcy protection on July 10, and the number doesn't comply with U.S. accounting standards. (Triangle Business Journal)
GM reports loss, will step up repayments of aid Nov 17, 2009
2 billion loss from the time it left bankruptcy protection through to September 30 ... 23 billion) since emerging from bankruptcy, but said improving market conditions would allow the vehicle maker to repay state aid ahead of schedule ... "The business has performed better than we had expected going into bankruptcy," chief executive Fritz Henderson told a conference call. (Sydney Morning Herald -- Business)
The U.S. trustee in LandAmerica Financial Group Inc.'s Chapter 11 bankruptcy proceeding is objecting to the company's reorganization plan because it releases nearly everyone involved, including lawyers, from liability for negligent actions. In the Nov. 12 objection, filed in in the Eastern District of Virginia, U.S. Trustee W. Clarkson McDow Jr. stated that the releases do not comply with the bankruptcy code or case law ... The company's reorganization plan, filed on Oct. 24, would release... (Law.com)
Real was the subject of a reprimand from the 9th Circuit in 2006 for improperly seizing control of a bankruptcy case of a woman whose probation he was supervising. A House Judiciary Subcommittee considered his impeachment but he survived the case. (Law.com)
Many parents don't realize that even declaring bankruptcy doesn't wipe out education loans, so some parent borrowers may be setting themselves up for financial crises in a few years. 9. (Yahoo News -- Top Stories)
A plan to speed up the bankruptcy process in England and Wales has been published by the government ... "Many people delay making a petition for bankruptcy because they do not want to appear in court - meaning they can sink further into debt," said Business Minister Ian Lucas ... FORMS OF INSOLVENCY Bankruptcy: The traditional way of escaping overwhelming debt. (BBC News -- Business)
J.P. Morgan helped underwrite major WorldCom bond offerings in the two years before the telecommunications firm filed the largest bankruptcy case in U.S. history in 2002. Plaintiffs in the class-action case, lead by New York State Comptroller Alan G. Hevesi, claim J.P. Morgan and other WorldCom advisers and directors should have discovered the company's $11 billion accounting fraud and disclosed it to investors. (Yahoo News -- WorldCom/MCI)
The fraud pushed the telecommunications company into the largest bankruptcy filing in U.S. history in 2002 and cost investors billions. WorldCom has emerged from bankruptcy protection and now operates as Ashburn, Va. (Yahoo News -- WorldCom/MCI)
Nortel Networks Corp () posted a 508 million third-quarter loss on Monday as its finances were hit by customer uncertainty over its bankruptcy protection proceedings and the tough economy ... 07 billion loss for the third quarter, the last full three-month period prior to its Chapter 11 bankruptcy protection filing. (Yahoo News -- Press Releases)
Sassman and his companies filed for bankruptcy in September. A bail hearing will be scheduled, the release said, and Sassman will have to prove to the court the source of any funds used toward bail. (Sacramento Business Journal, CA)
Fritz Henderson, chief executive of General Motors, holds a press conference to give GM's first post-bankruptcy financial report at GM headquarters in Detroit, Michigan, United States ... 15 billion dollars in the period since emerging from bankruptcy in July ... "The business has performed better than we had expected going into bankruptcy," chief executive Fritz Henderson told a conference call. (Yahoo! Asia News)
DETROIT - General Motors, its river of red ink stemmed by a trip through bankruptcy court, reported a narrower quarterly loss and said it would start repaying billions of dollars in government loans that helped keep it alive ... 2 billion for the third quarter far less than the $6 billion it lost in the first three months of the year, before GM was transformed by a stay in bankruptcy protection ... The automaker was also helped by having been stripped of many of its debt obligations in... (MSNBC -- Business)
The deal was previously recommended for approval by U.S. Bankruptcy Court Judge Richard Schmidt ... Asarco, formerly known as American Smelting and Refining Co., is the third-largest copper producer in the U.S. The outcome involves Asarco's three Arizona mining operations and a Texas refinery placed in bankruptcy in August 2005 when the company ran out of cash and faced hefty environmental liability and potential asbestos-related claims ... Grupo Mexico lost control of Asarco shortly after the... (ABC News -- Wire)
Two ways we might be driven to our knees: Deliberate bankruptcy by Obama or recognition of our real source of personal and national deliverance. See 2 Chronicles 7:14. (Mattoon Journal-Gazette, IL)
The sales could be final in two weeks if a federal bankruptcy judge OKs them, and River Park developer Ed Kashian said he expects Macy's to open in time for the Christmas season. As expected, Forever 21 also bid on Gottschalks stores Thursday, taking 14 sites in three states. (Fresno Bee -- Business)
Unlike declaring bankruptcy to get out from under high-interest credit card bills or accepting foreclosure to get out of a subprime mortgage loan, the debt to a court is binding and can mean a jail cell if it's not paid. For years the Southern Center for Human Rights has condemned how the Richmond County State Court operates, suggesting it has fostered a new kind of debtors' prison. (The Augusta Chronicle)
States aren't like people or businesses -- they can't declare bankruptcy during hard times and they can't print more money like the federal government. On the other hand, the state can't go stone broke in the sense of not having a penny in the proverbial till. (Albany Times Union)
In ruling in favor of Grupo Mexico, Hanen agreed with a lower-court opinion from the bankruptcy judge that oversaw Asarcos case for five years. In many ways the course of this bankruptcy has been a contentious and hard-fought piece of litigation, Hanen wrote in his decision, which came late Friday evening ... The case is In re Asarco LLC, 05-21207, U.S. Bankruptcy Court, Southern District of Texas (Corpus Christi). (Bloomberg -- Latin America)
Adelson and his family invested hundreds of millions of dollars more in the company last year to help it stave off bankruptcy. Sands' new shares are expected to begin trading on the Hong Kong Stock Exchange on Nov. 30, with the share price to be determined Nov. 21, according to the IPO's terms. (The Star Online, Malaysia -- Business)
The bulk of that growth came this year when Deloitte bought s government services division out of bankruptcy. Deloitte has companywide revenue of $10. (Washington Business Journal, DC)
For these reasons, the unemployed are more vulnerable today to foreclosure and bankruptcy than they were a generation ago. Donald Schenk knows. (San Francisco Chronicle -- Business)
The NPS, along with the United States Bankruptcy Court for the District of Massachusetts, administers the park for the enjoyment of the American people and for the repayment of outstanding debts as identified by the court during the university s liquidation proceeding five years ago. By now you know the story: What everyone thought was just a one-time $11 billion drop in the university s endowment and a $1. (Boston Globe)
The fraud pushed the telecommunications company into the largest bankruptcy filing in U.S. history in 2002 and cost investors billions. WorldCom has emerged from bankruptcy protection and now operates as Ashburn, Va. (Yahoo News -- WorldCom/MCI)
What Mother Nature started, and depressed real estate and tourism markets made worse, a federal bankruptcy court in Jacksonville recently finished. In exchange for erasing $400 million in personal loan guarantees by the partners, the bankruptcy court and creditors stripped them of their 24 operating hotels and other properties ... "For this size and such a complex case, 10 months in and out of bankruptcy court was quick.". (Daytona Beach News Journal)
Many parents don't realize that even declaring bankruptcy doesn't wipe out education loans, so some parent borrowers may be setting themselves up for financial crises in a few years. 9. (Yahoo News -- Top Stories)
Real was the subject of a reprimand from the 9th Circuit in 2006 for improperly seizing control of a bankruptcy case of a woman whose probation he was supervising. A House of Representatives Judiciary Subcommittee considered his impeachment but he survived the case. (Business Report, South Africa)
They will not force starving health insurance companies (exempt from anti-trust action unless House provisions changing that pass) into bankruptcy. For those who fear socialism, neither bill provides universal health care. (Montrose Daily Press, CO)
Skilling maintains his innocence and said he was made a scapegoat in Enron's collapse and bankruptcy. Skilling, who transformed Enron from a sleepy pipeline company into the world's largest energy trader before the company plunged into bankruptcy in 2001, has been under house arrest in his 9,215-square-foot Mediterranean mansion in Houston's River Oaks section. (Yahoo News -- Enron)
2 billion kept the county, which includes Birmingham, from the largest municipal bankruptcy in U.S. history. Mr. Boatman was then working for Gardnyr Michael Capital Co. and donating money to commissioners' campaigns, as well as handing out the Jack Boatman Award at a neighborhood alliance's annual banquet. (The Augusta Chronicle)
Every month, the association surveys its members on about 10 economic indicators, like amounts sent to collections, and filings for bankruptcy, Zimmerman said. We ask whether each of these is higher than a month ago, lower than or same as. (The Herald-Mail Online)
On the day that he shared celebrity gossip with Massachusetts officials, he was going through a painful personal bankruptcy in Los Angeles and had given up his mansion for a small rented house in a working-class neighborhood ... It is run out of a rented house near Disney World by a man who has been through bankruptcy himself ... Even some former business partners at Good News said they didn t know Kirkpatrick had gone through bankruptcy. (Boston Globe)
The unprofitable ethanol maker founded in Fresno six years ago has warned investors it could run out of cash at the end of April and might have to file for bankruptcy protection -- a stunning downfall for a company that once set out to conquer the West and counted Bill Gates as an investor ... Premium Protein Products is accused of violating the federal Worker Adjustment Retraining and Notification Act, better known as the W.A.R.N. Act, in a class-action lawsuit filed in U.S. Bankruptcy Court on... (Fresno Bee -- Business)
If the charge is so large you cannot be expected to ever pay it off, there is medical bankruptcy. With the capitalism system, we can work as hard as we want, as many jobs as we can and make more money. (Mattoon Journal-Gazette, IL)
But there are also signs of serious problems looming, with a report by the Pew Centre, released yesterday, revealing at least 10 state governments are on the brink of bankruptcy. The White House summit will bring together small business, chief executives, union representatives and economists to discuss how best to encourage job growth. (Sydney Morning Herald -- Business)
Banks have collapsed and multinational corporations have declared bankruptcy. "Unemployment increases because companies downsize and retrench workers, and everything in the economy slows down and shrinks," he said. (iAfrica.com)
A farmers' association outside Teresina doubled its income and escaped bankruptcy after joining the program in 2003. In downtown Teresina, nearly 1,400 people stand in line for over an hour to get lunch for 1 real ($0. (AlertNet)
The business had twice declared bankruptcy, owing 43 creditors 1. 75 million, and had been shut down twice by the state Department of Revenue for owing 385,000 in sales taxes. (Longview Daily News, WA)
Then World Com filed for bankruptcy and the telecommunications industry bubble burst. The next thing the couple knew, they had lost their house, jobs and most of their belongings. (Park Hills Daily Journal, MO)
J.P. Morgan helped underwrite major WorldCom bond offerings in the two years before the telecommunications firm filed the largest bankruptcy case in U.S. history in 2002. Plaintiffs in the class-action case, lead by New York State Comptroller Alan G. Hevesi, claim J.P. Morgan and other WorldCom advisers and directors should have discovered the company's $11 billion accounting fraud and disclosed it to investors. (Yahoo News -- WorldCom/MCI)
So, the Democrats want to create a new health care system that strips money from Medicare, a program that many argue is already facing bankruptcy without rationing of services. Yep. (Atlanta Journal-Constitution -- Opinion)
Robin Hood saw individual donations drop 3 percent last year, as charitable giving in general declined after the bankruptcy of. in September 2008, according to Mark S. Bezos, senior vice president for development and communications. (Bloomberg)
All agreements made with the city are tentative until approved by the Bankruptcy Court ... totaling $115 million with a U.S. Bankruptcy Court, on behalf of the group's 4,500 members ... bankruptcy reorganization in Fresno, where it is being heard. (San Francisco Chronicle)
A U.S. bankruptcy trustee has asked a judge to hold Denny Hecker in contempt of court if Hecker doesn t turn over financial records requested by the trustee, according to media reports. Hecker failed to meet a Wednesday deadline to submit the records. (Twin Cities Business Journal, MN)
Likewise, d'Elia ended his separate challenge of Schuler's 2005 Chapter 7 bankruptcy filing, according to their request to dismiss the case approved in late October by Wyoming U.S. Bankruptcy Judge Peter McNiff ... Schuler, with his wife Plezana Sh'Lee, also headed Thunder Publishing, which produced the now defunct "Wyoming Homes and Living Magazine." Also in late 2005, the Schulers filed for bankruptcy, declaring nearly $1 ... The legal wrangling took a stranger turn when d'Elia challenged the... (Casper Star-Tribune, WY)
NutraCea, a Phoenix-based maker of dietary supplements, has filed for Chapter 11 bankruptcy protection ... 9 million in its petition filed Tuesday in U.S. Bankruptcy Court in Phoenix. (AZCentral -- Business)
On Monday, Nov. 16, CEO Frederick A. "Fritz" Henderson will give the company's first update since it emerged from bankruptcy in June ... The company's earnings and cash flow will be helped in the quarter by the fact that it shut down many plants in June while it was in bankruptcy ... The company was in bankruptcy for the first 10 days of the quarter. (BusinessWeek)
The parent company of and the increased earnings in spite of battling nearly three years of revenue declines and in the face of a lingering restructuring agreement designed to avoid Chapter 11 bankruptcy ... If it does not reach 99 percent, Morris Publishing has agreed to file a prepackaged bankruptcy plan so an exchange of notes can be approved by federal court. (Jacksonville Business Journal, FL)
RALEIGH When the filed for Chapter 11 bankruptcy protection in June, it exposed 17 hotels the company owns in the Triangle as financially troubled ... Research firm Real Capital Analytics has listed 24 properties in the Triangle as troubled since June, meaning that the owner has either filed for bankruptcy or defaulted on its loan, forcing the property into foreclosure. (Raleigh Triangle Business Journal, NC)
Bezzina is hoping an injection of $500,000 - from an unnamed third party - might avert his bankruptcy, which Westpac has sought since September. Sienna was built using sandstone quarried on site. (Sydney Morning Herald -- Australia)
Full Pint has already established a location where it will produce the beer a 5,000-square-foot warehouse in North Versailles and it has purchased a 15-barrel brewing system out of the bankruptcy of , which closed last year in Wilkins Township. The purchase marks a reunion of sorts since Goddard, Maxwell, Hallisey and McIntyre are former brew masters for the small brewpub chain. (Pittsburgh Business Times, PA)
On the other hand, businesses aren t run by saints check out executive greed even in the face of demonstrable shareholder loss, increasing numbers of Americans with no health insurance run into bankruptcy by our current system, and corporations firing folks who have worked for them for years in order to hire cheaper, younger people both lists go on and on and on (too far). Eh, I ll place a wager that no conservative is going to read this and say huh. (Atlanta Journal-Constitution -- Opinion)
for free extra services. Friday, November 6, 2009. (Triad Business Journal, NC)
The 150-employee firm, Rothstein Rosenfeldt Adler, has also been hit with a bankruptcy petition filed by creditors. At a hearing Thursday, the firm's attorneys said it would not contest the petition. (WSVN-TV Miami, FL)
Spring Hill shopping center Nature Coast Commons is being marketed for sale as part of the bankruptcy liquidation of. The 325,000-square-foot power shopping center on U.S. 19 in Hernando County was completed earlier this year and will be sold through a bankruptcy sale in the first quarter of 2010, said Jeffrey Granowitz, managing director of Management Services of Boca Raton ... It s one of three Opus Corp. companies that have filed for bankruptcy. (Tampa Bay Business Journal, FL)
Two ways we might be driven to our knees: Deliberate bankruptcy by Obama or recognition of our real source of personal and national deliverance. See 2 Chronicles 7:14. (Mattoon Journal-Gazette, IL)
The Singer Island property was purchased out of bankruptcy. Most Read Stories. (Washington Business Journal, DC)
Meanwhile in U.S. Bankruptcy Court, an attorney for the law firm's receiver, former Miami-Dade Circuit Judge Herbert Stettin, announced Stuart Rosenfeldt is out as the firm's chief executive officer, and Stettin is assuming full control of the firm. An involuntary Chapter 11 bankruptcy petition was filed Tuesday against the firm, and the first hearing was held Thursday morning ... Berger Singerman attorney Jordi Guso, who represents Stettin, said the firm consents to the filing and was about to... (Law.com)
Millbrook filed this week for bankruptcy liquidation and its assets likely will be sold to pay off debts ... Michelle Duffy, a state Labor Department spokeswoman, said workers would need to file a notice of claim with the bankruptcy court to get their money, something the Labor Department could help them do. (Albany Times Union)
During a Thursday hearing in bankruptcy court, retired judge Herbert Stettin, who was appointed a receiver in the case, said he will agree to an involuntary Chapter 11 filed earlier this week by three investors in Rothstein s alleged scheme ... Stettin said he had been preparing a bankruptcy filing with Miami-based Berger Singerman when an involuntary bankruptcy petition was filed Nov. 10 ... The firm will attempt to pay remaining staff from the bankruptcy estate. (South Florida Business Journal, FL)
" Harry Potter wrote on Nov 6, 2009 9:19 AM:" I guess you're not aware of how many businesses George W ran into bankruptcy, huh Jon. By the way, an often overlooked fact is that Osama Bin Laden's brother was one of his former partners in one of those failures. (Mattoon Journal-Gazette, IL)
Soon after his arrest in October of 2005, Sharp declared bankruptcy, essentially ending the district court claims, placing them under the jurisdiction of the Bankruptcy Court ... The victim had requested the case be suspended until the bankruptcy case was concluded in hopes the victim could recover some of the money lost in the theft. (Alva Review Courier, OK)
Well for starters, a rebounding S price of oil, the decline of the dollar, the growth rate of China, and the threat of a New York State bankruptcy. He predicted gold would hit $1,200 an ounce. (BusinessWeek)
4 billion- euro bailout from France, Belgium and Luxembourg last year as short-term funding dried up after Lehman Brothers Holdings Inc.s bankruptcy. The progress achieved in one year is sizeable, Mariani, 53, said in the statement. (Bloomberg -- Europe)
That franchise is in bankruptcy and the NHL is set to purchase the team for $140 million after a summer-long court fight to block the club from being moved to Hamilton, Ont. The Forbes report can be found. (Buffalo Business First, NY)
filed for bankruptcy protection on Wednesday, citing $2 million in debts ... Court papers filed at U.S. Bankruptcy Court in Albany indicate the company had $2 million in debts, including a $350,000 mortgage and $32,000 in back taxes. (Albany Business Review, NY)
Movie exhibitor declares bankruptcy and shuts all 11 locationsOther theaters said to be interested in Greenport site ... Published: Thursday, November 12, 2009 2:16 AM EST GREENPORT Signs on the Movieplex 8 in Greenport proclaim the theater temporarily closed, but there has been no sign of an attempted reopening since its initial closure in October and on Wednesday, managing building owner Joe Calcagno revealed that CinemaNorth has declared bankruptcy and closed all 11 of its locations ... With... (Catskill Daily Mail, NY)
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