... reason for the explosive growth of repo and securities lending is that such loans get preferential treatment in bankruptcy court. Changes in that treatment "may be viable theoretical options," but "they will not be pursued for now due to practical ...
Wednesday, November 21, 2012
The Twinkie will live on
Hostess Brands on Wednesday won permission from a U.S. bankruptcy judge to begin shutting down, and expressed optimism it will find new homes for many of its iconic brands, which include Twinkies, Drake's cakes and Wonder Bread.
Hostess donates baked inventory to Vegas charities
Hostess officially entered chapter seven Bankruptcy today. The company's liquidation is turning into a big gain for charities here in Las Vegas.
Union of Progressive Consumers and Workers (UPCW) [rant]
... my department went from 100 engineers to 15 before I was asked to leave. Two weeks later, the company declared bankruptcy. Two people went to jail, but I was lucky, I just lost millions of dollars just like the investors and a cool job. I looked for ...
GM to buy Ally's Europe, Latin America operations
... lending and banking to turn its business around. In May, its Residential Capital (ResCap) mortgage unit filed for bankruptcy, and on Wednesday a bankruptcy court judge approved the sale of its mortgage operations to Ocwen Financial Corp and Walter ...
Law Offices of Todd M. Garber Announces Class Action Lawsuit Against Overseas Shipholding Group, Inc.
... options, including the potential voluntary filing of a petition for relief to reorganize under Chapter 11 of the Bankruptcy Code." If you are a member of the above-described Class, you may move the Court no later than December 24, 2012 to serve as ...
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