02/28/13 The Raw Bankruptcy Newswire

• 'Girls Gone Wild' files for bankruptcy over debts _{2013-02-28, 08:13 pm}
  The company behind the "Girls Gone Wild" video empire has filed for bankruptcy in a move it says is an effort to restructure its legal affairs after several disputed court judgments.
• Till debt do you part _{2013-02-28, 10:24 pm}
  ... that could catch up with them very quickly. 'Car purchases and credit card debts are among the main reasons for bankruptcy in Malaysia,' said Paul. 'It's the culture we live in. There's a lot of emphasis on status and being 'cool' - but being cool ...
• Micron says moves closer to Elpida deal _{2013-02-28, 10:21 pm}
  ... Owl Creek Asset Management and Taconic Capital Advisors. Micron and Elpida also need approval from the U.S. Bankruptcy Court in Delaware, where the opposed bondholders have shifted their fight. Elpida, the last of Japan's dynamic random access ...
• Debtor Beware: Strict Enforcement of Contract Terms May Go Both Ways _{2013-02-28, 10:16 pm}
  Equitable concepts and considerations frequently play a significant role in disputes tried before a bankruptcy court.
• 'Girls Gone Wild' files for bankruptcy over debts _{2013-02-28, 10:12 pm}
  The company behind the "Girls Gone Wild" video empire has filed for bankruptcy in a move it says is an effort to restructure its legal affairs after several disputed court judgments.
• Girls Gone Wild Files for Bankruptcy _{2013-02-28, 10:06 pm}
  In what may be a perfect example of "what goes around comes around," Girls Gone Wild has filed for bankruptcy.
• It's time for Armageddon _{2013-02-28, 09:53 pm}
  ... by precisely 2%. They found a way. Washington, spending $3.8 trillion, cannot? If so, we might as well declare bankruptcy now and save the attorneys' fees. The problem with sequestration is that the cuts are across the board and do not allow money ...
• Williams Mullen Welcomes Real Estate and Finance Attorney Alyssa Carducci Embree _{2013-02-28, 09:50 pm}
  ... in creditors' rights and workouts of distressed debt. She has also represented businesses dealing with bankruptcy and corporate formation and governance issues. Ms. Embree received her juris doctor from Tulane University Law School and her bachelor ...
• Girls Gone Wild financially bankrupt _{2013-02-28, 09:48 pm}
  Girls Gone Wild, the softcore video empire founded by Joseph Francis, has filed for bankruptcy after accruing millions of dollars in debt, mostly to casino mogul Steve Wynn.
• Hostess picks Grupo Bimbo to buy Beefsteak bread _{2013-02-28, 09:46 pm}
  ... and Nature's Own bread. Beefsteak is a regional rye bread available in some states. Hostess, which is in bankruptcy protection, has also said that it picked Flowers Foods as the buyer for the majority of its breads, including Wonder, Butternut, Home ...
• Banah Sugar company says it will pay debts _{2013-02-28, 09:39 pm}
  ... our duty to them." Vásquez spoke to El Nuevo Herald for the first time after the sugar company filed for bankruptcy last week under Chapter 11, which allows continued operations while restructuring. On Monday, several representatives of ...
• Fresno Financial Forecast Depends on Trash Deal _{2013-02-28, 09:39 pm}
  ... llion dollars. "We've heard throughout this whole thing that we're close to insolvency, to not making payroll, to bankruptcy, and then...the forecast is pretty good now," said councilmember Blong Xiong.
• Game developer THQ. in Agoura Hills selling off games, titles _{2013-02-28, 09:38 pm}
  THQ Inc., a beleaguered Agoura Hills game developer, announced it will auction off more six game titles and software as part of its ongoing bankruptcy process.
• Racy "Girls Gone Wild" video company files for ban... _{2013-02-28, 09:33 pm}
  The company behind the "Girls Gone Wild" video series featuring scantily clad young women drinking, dancing and stripping, has filed for bankruptcy protection citing $16 million in debts, according to court papers obtained on Thursday.
• Girls Gone Wild Bankruptcy: What Will Guys Do? _{2013-02-28, 09:22 pm}
  Softcore specialists Girls Gone Wild filed for Chapter 11 bankruptcy this week, thanks to mounting debts and a host of "legal affairs." But fret not! Those late-night commercials and Joe Rogan's mugshots will still be a part of your life, if the company is to be believed.
• Westwood-Based 'Girls Gone Wild' Files for Bankruptcy _{2013-02-28, 09:03 pm}
  The company behind the "Girls Gone Wild" videos has filed for bankruptcy in Los Angeles to protect itself from more than $16 million in disputed debts, including over $10 million owed to Las Vegas mogul Steve Wynn, papers obtained Thursday show.
• Chipmaker Conexant Systems files for chapter 11, to slash debt _{2013-02-28, 09:01 pm}
  Chipmaker Conexant Systems Inc filed for pre-arranged chapter 11 bankruptcy protection two years after it went private, hurt by declining revenue, increasing costs and higher debt load, court documents showed.
• Approval of Dewey Bankruptcy Plan Clears Way for Distribution of Funds _{2013-02-28, 08:58 pm}
  The plan calls for Dewey's secured creditors - a group that collectively holds nearly $262 million in claims - to be paid roughly 47 cents to 77 cents for each $1 they are owed. This article requires premium access to The New York Law Journal. Please sign in or subscribe to read the full text.
• Hummel on Fed's Billion-Dollar Losses _{2013-02-28, 08:55 pm}
  The last temptation is the greatest treason: To do the right deed for the wrong reason.
• Eddie Lampert's Sears Sees Q4 Revenue Decline _{2013-02-28, 08:51 pm}
  Hedge fund manager and investing savant Edward Lampert formed Sears Holdings out of Sears and a Kmart emerging from bankruptcy in 2005.