01/31/13 THE COMPREHENSIVE REAL-TIME NEWS FEED FOR BANKRUPTCY.

Bankruptcy Newswire

• Could Bankruptcy Costs Increase for Debtors? Asks IVA Insolvency Company, IVAonline.co.uk_{2013-01-31, 05:15 am}
  During a debate at Insolvency Today's annual conference, the chief executive of the IS, Stephen Speed, declared that the number of bankruptcy cases where there were no assets had reached a tipping point and taxpayer money will have to foot the bill for the shortfall.
• FBI Arrest Diamond Bar Man on Fraud Charges _{2013-01-31, 05:08 am}
  A Diamond Bar man the FBI arrested Wednesday morning appeared in court the same day to face mail fraud and bankruptcy fraud charges Jude Raymond Lopez was arrested on four counts of mail fraud, two counts of bankruptcy fraud, and two other counts of fraud related to illegally filing court petitions, according to court records.
• Indonesian court declares Batavia Air bankrupt _{2013-01-31, 05:00 am}
  ... to invest in it, officials said Thursday. Agus Iskandar, presiding judge at the Jakarta Commercial Court, said a bankruptcy petition filed by U.S.-based International Lease Finance Corporation was approved on Wednesday after Batavia Air failed to ...
• Blame the banks _{2013-01-31, 04:41 am}
  Last week, an editorial was semi-anonymously published in The Economist by an author named M.C.K. and attacked "the real wrongdoers [who] were not those who sold risky products at inflated prices but the dupes who bought them." This editorialist seems to think that the victims-who lost their money, their pensions and their livelihoods to the ... (more)
• Poor Credit Personal Loan Lenders _{2013-01-31, 04:39 am}
  ... credit unsecured loan. Therefore, if your credit rating is in terrible shape, if you have gone through a personal bankruptcy previously, it's a wise strategy get in touch with one of these high risk personal loan brokers to see what you can do to ...
• Celebrating a year of purchasing securely _{2013-01-31, 04:36 am}
  A national register helping people to check the security interests on personal property purchases has celebrated its first year of operation.
• Taking sides: the dividing lines of British politics _{2013-01-31, 04:36 am}
  ... ground", with its critics occupying the fringe. The financial crisis has disrupted that geometry. The clear bankruptcy of the existing way of doing things created a demand for more distinctly ideological prescriptions. By the 2010 general election, ...
• WPAHS and Highmark Make Progress With Agreement _{2013-01-31, 04:35 am}
  ... Court in October after WPAHS claimed Highmark breached their affiliation agreement by insisting WPAHS file for bankruptcy prior to executing the agreement. As a result, WPAHS began searching for other suitors in place of Highmark, which prompted ...
• Apollo Chosen With Metropoulos as Lead Bidder for Hostess Cakes _{2013-01-31, 04:32 am}
  ... was "fast and furious" and with so many potential buyers was "like drinking from a fire hose." Hostess seeks U.S. Bankruptcy court approval for a March 13 auction. Leon Black's Apollo, based in New York, managed $109.7 billion in assets as of Sept. ...
• Indonesian court declares Batavia Air bankrupt months after AirAsia aborted deal to b... _{2013-01-31, 04:25 am}
  ... aborted a deal to buy it. Agus Iskandar, presiding judge at the Jakarta Commercial Court, said Thursday a bankruptcy petition filed by U.S.-based International Lease Finance Corporation, or ILFC, was approved after Batavia Air failed to pay a $4.7 ...
• US airline merger talks take shape _{2013-01-31, 03:58 am}
  ... that a group of major bondholders had decided to support a merger rather than a rival plan for AMR to emerge from bankruptcy protection on its own. They spoke on condition of anonymity because the airlines are negotiating under a confidentiality ...
• Bob Tyrrell: _{2013-01-31, 03:26 am}
  ... of mounting economic problems, of an accumulating unsustainable national debt or of entitlements leading to bankruptcy? The Mayans boasted a rich hieroglyphic language. Is there a word in old Mayan for entitlement? How in Mayan would one spell ...
• Extended Mortgage Debt Forgiveness Act Helps Many Minnesota Homeowners _{2013-01-31, 03:00 am}
  ... cards - Auto loans - Student debts - Medical bills - Debts from a divorce or other life-changing event Filing for bankruptcy is an excellent option for those looking to hit the restart button on their financial future and may allow you to keep your ...
• Debts That Remain after a Bankruptcy _{2013-01-31, 03:00 am}
  Although bankruptcy is a powerful tool against many types of debt, there are certain types of debt that cannot be discharged in a bankruptcy.
• Recent Report Finds Older Americans Facing Increased Risk Of Foreclosure _{2013-01-31, 03:00 am}
  ... as they age. This equity can be used to help pay for medical needs or assisted living care as seniors age. Bankruptcy and real estate: filing may help you keep your home In order to help avoid foreclosure, it helps to know the basics of how this ...
• Federal Regulators Target Debt Collection Companies With Aggressive Tactics _{2013-01-31, 03:00 am}
  ... Commission. Another option to end the harassment that is often tied to debt collection practices is to file for bankruptcy. Bankruptcy is intended to offer a fresh start. When granted, the bankruptcy court issues an automatic stay. This order ...
• A Comparison of Chapter 7 and Chapter 13 Bankruptcies _{2013-01-31, 03:00 am}
  Many people struggling with mounting debt consider the possibility of filing bankruptcy.
• Guest column: Bankruptcy not option _{2013-01-31, 03:00 am}
  ... proposition. Obama's overspending by $1 trillion each year has placed our country on a fast path toward eventual bankruptcy, and he wants an unlimited debt ceiling. Therefore, Congress must solve this debt crisis, because a sovereign default or ...
• Ministers 'lied to' over West Coast Mainline rail deal _{2013-01-31, 02:48 am}
  A Government department has been slammed for being "irresponsible" over its role in the collapse of the 5bn West Coast Mainline rail contract.
• MF Global bankruptcy heads for happy ending _{2013-01-31, 02:46 am}
  ... improper wire transfers, a stunning breach that sent federal investigators scrambling to build a case. Today, a bankruptcy court will review a proposal that would return 93 percent of the missing money to customers like Desai. And the trustee who ...

THE COMPREHENSIVE REAL-TIME NEWS FEED FOR BANKRUPTCY.

Bankruptcy Newswire

• On Native GroundHERMAN Cain's 15 Minutes are Up _{2011-11-17, 03:00 am}
  ... donor Gloria Allred. In personal finances, PACER (Federal Court) records show that Ms. Bialek has filed for bankruptcy in the Northern District of Illinois bankruptcy court in 1991 and 2001. Does this mean that people who are having money problems ...
• CD Cargo reports CZK 2bn loss _{2013-01-17, 02:16 am}
  ... stock that the company acquired in 2007, was equal to Kc1.6bn. "It is not so bad, it is not for insolvency or bankruptcy," Transport Minister Zbynek Stanjura, present at the economic committee's meeting, commented on the data. Zaluda did not rule ...
• Moody's downgrade won't affect Woodland's water project credit _{2013-01-17, 02:14 am}
  ... t in which Moody's looked at economic pressures on California cities and predicted more municipalities may pursue bankruptcy.
• Boutique hotel: $1.85M _{2013-01-17, 02:03 am}
  ... sale since he purchased and renovated it in 2002. The business has had its ups and downs, filing for Chapter 11 bankruptcy in 2011. But its debts are paid, Myers said, and the eight-story hotel recently started up a new business relationship with ...
• American Airlines cuts labor costs, has 4Q profit of $262M _{2013-01-17, 01:53 am}
  American Airlines made a profit in the fourth quarter, a big turnaround from a year ago, as it slashed labor costs and reaped other benefits from its trip to bankruptcy court.
• Local bankruptcy filings drop to 5-year low _{2013-01-17, 01:34 am}
  The number of people filing for bankruptcy fell 12.5 percent, from 974 filings in 2011 to 852 in 2012.
• GM to spend $1.5 billion in 2013 to expand in North America _{2013-01-17, 01:25 am}
  ... expects GM to add U.S. jobs "very shortly." The automaker has added about 18,000 hourly jobs since its Chapter 11 bankruptcy in 2009. King said that figure would top 20,000 eventually. The automaker is weighing whether and where it needs to add work ...
• 1040EZ - the Benefits of Easiest Tax Form _{2013-01-17, 01:18 am}
  ... interest was not over $1,500 a Your taxable income must be less than $100,000 a You have not filed Chapter 11 bankruptcy within the last 6 years a You must not claim any student loan interest deduction a You did not claim any additional standard ...
• Settling Unsecured Bad Debt With Your Creditors _{2013-01-17, 01:11 am}
  ... consumer also could negotiate directly with their credit card company, work with a credit counselor, or consider bankruptcy. A free consumer help site called Bad Credit MD has more information on dealing with these issues at ...
• Howell Twp. accountant warns of bankruptcy _{2013-01-17, 01:05 am}
  ... unable to fund water-and-sewer bond payments in May 2017 through general fund dollars, likely forcing a municipal bankruptcy, said Brent Kil-pela, the township's accountant. Kilpela provided projections at Monday's Board of Trus-tees meeting based ...
• Visteon says no plans to move HQ from Michigan _{2013-01-17, 01:00 am}
  ... Visteon operated 33 plants in North America and had more than 25,000 workers in the United States. It filed for bankruptcy in May 2009 amid a sharp decline in auto production. The company shed $2 billion in debt during its 16-month bankruptcy stay. ...
• American Airlines posts $262 million profit in fourth quarter _{2013-01-17, 12:58 am}
  AMR Corp. made it into the black in the fourth quarter after a year of cleaning up its balance sheet and cutting costs while operating in Bankruptcy Court.
• $726 million bond deal will keep WPAHS afloat _{2013-01-17, 12:15 am}
  ... in a savings of about $100 million for Highmark. With the deal, officials said West Penn Allegheny will avoid a bankruptcy filing and preserve pensions for the health system's 12,000 employees. The agreement is considered crucial to Highmark's plans ...
• Chafee calls for lower biz taxes in state-of-state _{2013-01-16, 11:56 pm}
  ... loan guarantee to former Red Sox pitcher Curt Schilling 's video game company 38 Studios, which has filed for bankruptcy. Chafee opposed the investment as a candidate and said it's an example of the kind of poor leadership Rhode Island can no longer ...
• Briefly _{2013-01-16, 11:53 pm}
  American Airlines made a profit in the fourth quarter, a big turnaround from a year ago, as it slashed labor costs and reaped other benefits from its trip to bankruptcy court.
• GM to invest $1.5 billion on North American expansion in 2013 _{2013-01-16, 11:47 pm}
  ... expects GM to add U.S. jobs "very shortly." The automaker has added about 18,000 hourly jobs since its Chapter 11 bankruptcy in 2009. King said that figure would top 20,000 eventually. The automaker is weighing whether and where it needs to add work ...
• 5 ways to destroy your net worth _{2013-01-16, 11:22 pm}
  ... accident can lead to huge medical bills and serious financial difficulties. One of the prime causes of personal bankruptcy in the United States is medical costs, and going without health insurance represents a sizable risk to a person's net worth. ...
• What's Next For Liberalism? _{2013-01-16, 11:09 pm}
  ... respects, liberalism is a fat target. Dozens of city and state public employee pension plans are on the verge of bankruptcy or are actually bankrupt from Rhode Island to California; in 2010, a survey of 126 state and local plans showed assets of ...
• URGENT: How to beat Barack Obama's executive orders on gun control _{2013-01-16, 10:55 pm}
  It is often said that the Second Amendment is the First Amendment. Without it there can be no others.
• Osoyoos Concert Series Opts for Comedy at Upcoming Show _{2013-01-16, 10:55 pm}
  ... money manager named Cliv, who has recently lost his job and is carrying a heavy debt load, so he declares bankruptcy and moves to B.C.'s interior and moves into a dilapidated house that needs a lot of upgrades, especially the outside deck. The deck ...

01/07/12 The Raw Bankruptcy News Feed

Bankruptcy Newswire

• People, Etc. _{2013-01-07, 09:54 am}
  ... Literary Agency as an agent to build a list of fiction clients. Readers Digest UK is facing a second round of bankruptcy or reorganization. Current owner private equity firm has asked creditors to accept a voluntary restructuring to avoid full ...
• The Financial War Against the Economy at Large _{2013-01-07, 09:51 am}
  ... the main focus of class warfare a century ago. And to cap matters, credit-card bank lobbyists have rewritten the bankruptcy laws to curtail debtor rights, and the referees appointed to adjudicate disputes brought by debtors and consumers are subject ...
• Former CEO of Radnor Sues Skadden _{2013-01-07, 09:44 am}
  Michael Kennedy, the former CEO of defunct packaging firm Radnor Holdings Corp has sued Skadden Arps and the law firm's client, the hedge fund Tennenbaum, as well as some other legal and financial advisers in the U.S. Bankruptcy Court in Wilmington, Delaware.
• Fiscal Cliff Deal's Impact on Economy _{2013-01-07, 09:26 am}
  Whatever you wanna call -- What's that what's the -- there's a political impact but the economic impact is what I -- get from you.
• No, the U.S. Is Not Greece, But... _{2013-01-07, 09:06 am}
  ... debt-issuing business. If not, then while it is certainly true that the U.S. government cannot be forced into bankruptcy or "run out of money", it would be imprudent not to take steps now to guard against the possibility of monetary and financial ...
• THQ denied quick bankruptcy sale in wake of creditor complaints _{2013-01-07, 09:06 am}
  Following complaints from THQ's creditors, a U.S. court has denied the publisher's bankruptcy sale process and loan arrangements, stating that THQ did not give potential buyers enough time.
• Big Names Gone Bankrupt in 2012 _{2013-01-07, 09:03 am}
  The Great Recession has altered the consumer landscape, forcing such familiar retailers as Borders, Circuit City and The Sharper Image into bankruptcy.
• Your View: Sewer debt doesn't add up _{2013-01-07, 09:02 am}
  On June 29, 2012, your newspaper reported that the Sewer Debt Bankruptcy Judge ruled that the Jefferson Commission could not reserve money from the $13.5 million monthly revenue collected from its 150,000 customers to pay its legal bills.
• Report: Hostess In Talks To Sell Bread Brands _{2013-01-07, 09:00 am}
  The makers of Thomas' English muffins and Tastykake snacks are emerging as two of the bidders for Wonder Bread and other Hostess bread brands as the company tries to sell off its assets under bankruptcy-court oversight, a newspaper reported Saturday.
• Hostess May Reveal Leading Bidders Next Week _{2013-01-07, 08:47 am}
  The makers of Thomas' English muffins and Tastykake snacks are emerging as the two of the bidders for Wonder Bread and other Hostess bread brands as the company tries to sell off its assets under bankruptcy-court oversight, a newspaper reported Saturday.
• New bankruptcy judge to take oath next week _{2013-01-07, 08:34 am}
  ABERDEEN - A new bankruptcy judge for northern Mississippi will be sworn in Jan.
• Electronic Game Card, Inc. (PINK:EGMIQ) Investor Files Lawsuit Against Former Auditors _{2013-01-07, 08:26 am}
  ... 28, 2010, Electronic Game Card, Inc. filed a voluntary petition for liquidation under Chapter 7 in the US Bankruptcy Court. Those who purchased a significant amount of shares of Electronic Game Card, Inc. ( PINK:EGMIQ ) between April 5, 2007 and ...
• Sirius XM Countdown: Day 5 of 60 Until Liberty Takes Over _{2013-01-07, 08:23 am}
  ... having been in trouble. A weakened economy coupled with depressed auto sales brought the company to the brink of bankruptcy. Vultures, including opportunists such as Dish Network's Charles Ergen circled around a seemingly lifeless body of a ...
• CPI Corp. lenders stay action until mid-January _{2013-01-07, 08:16 am}
  ... unable to secure additional amendments to the credit agreement, it "may be forced into an orderly liquidation or bankruptcy."
• Dodd-Frank's Problems -- and Potential Solutions _{2013-01-07, 07:56 am}
  ... argues, was written to give regulators powers they felt they lacked when they allowed Lehman Brothers to go into bankruptcy in September 2008. Lehman's collapse, followed by the Bush administration's demand for the $700 billion TARP legislation and ...
• Fla. brain injury hospital files for bankruptcy _{2013-01-07, 07:37 am}
  A southwest Florida hospital that treats brain injuries has filed for bankruptcy, months after a state investigation into reports of patient abuse and neglect at the facility.
• Debt-ridden AeroSvit's aircraft detained at various airports _{2013-01-07, 07:32 am}
  Ukraine's foreign affairs ministry has disclosed that aircraft operated by AeroSvit have been detained at various airports, in the wake of bankruptcy proceedings being initiated against the troubled carrier.
• Winning ugly -- Obama and the fiscal cliff _{2013-01-07, 07:00 am}
  By all accounts, President Barack Obama won the fiscal cliff showdown. Why anyone would take much pride in this kind of "win" is beyond me.
• How to get a Hard Money Loan Financed by a Private Capital... _{2013-01-07, 04:00 am}
  ... of much quicker closing. Hard Money loan is basically an assets based financing and therefore can be used in bankruptcy, foreclosure, distressed situations where conventional funding is not available. Loan is underwritten primarily based on a value ...
• Kodak lending its name to new maker of digital cameras _{2013-01-07, 03:00 am}
  ... Kodak, which invented digital camera technology in the 1970s, said in February that as part of its Chapter 11 bankruptcy protection it was getting out of digital consumer photography. In a statement, JK Imaging CEO Joe Atick said the decision to ...