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 ...