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 ...