04/28/13 The Raw Bankruptcy Newswire

• THQ Inc. to Receive $6.55 Million in Sale of Certain Intellectual... _{2013-04-22, 05:56 pm}
  THQ Inc. today announced that it has completed the bidding and sale process on certain of its intellectual properties with three buyers emerging to pay $6.55 million for the six available lots, subject to Bankruptcy Court approval.
• FASB Issues Standard on the Liquidation Basis of Accounting _{2013-04-22, 07:58 pm}
  ... blocked by other parties or (b) a plan for liquidation is being imposed by other forces (for example, involuntary bankruptcy). In cases where a plan for liquidation was specified in the organization's governing documents at inception (for example, ...
• Energy Secretary Chu leaves post Monday _{2013-04-22, 07:46 pm}
  Deputy Energy Secretary Daniel Poneman will serve as acting secretary beginning Tuesday and serve until a successor is sworn in.
• UPDATE 1-US Energy Dep't recovers $21 mln from Fisker to repay loan _{2013-04-22, 07:45 pm}
  ... and a search for a buyer in China. The company also hired law firm Kirkland & Ellis to prepare a possible bankruptcy filing. Fisker was expected to make a payment on the DOE loan on Monday. A DOE official said the company did not make that payment, ...
• THQ Inc. to Receive $6.55 Million in Sale of Certain Intellectual... _{2013-04-22, 07:45 pm}
  THQ Inc. today announced that it has completed the bidding and sale process on certain of its intellectual properties with three buyers emerging to pay $6.55 million for the six available lots, subject to Bankruptcy Court approval.
• Budget Shocker: L.A. Shows $119 Million Surplus _{2013-04-22, 07:26 pm}
  For five years a chorus of voices has been predicting bankruptcy for Los Angeles, while often calling for deeper cuts to city employee pensions.
• City debates best way to acquire last piece of Japanese Gulch _{2013-04-22, 07:21 pm}
  ... attract the required turnout, but time is of the essence because another buyer could swoop in to buy the land. A bankruptcy court, however, is temporarily holding the land for the city of Mukilteo if the city can raise the funds. Lord supported ...
• Acting energy secretary to be sworn in Tuesday _{2013-04-22, 07:21 pm}
  Deputy Energy Secretary Daniel Poneman will serve as acting secretary beginning Tuesday and serve until a successor is sworn in.
• Candidate For Tulsa Mayor Goes Negative, Prompts Threats Of Litigation _{2013-04-22, 07:08 pm}
  It all goes back to the bankruptcy of Great Plains Airlines and former Mayor Kathy Taylor having the city pay off a bad loan for the airline.
• Gearbox acquires 'Homeworld' IP _{2013-04-22, 07:05 pm}
  ... online multiplayer. The acquisition is the result of a liquidation of THQ's assets in the wake of its Chapter 11 Bankruptcy filing back in December of 2012 after the company had defaulted on a $50 million loan. THQ initially saw some of its ...
• The Commons: A day to debate terrorism _{2013-04-22, 06:51 pm}
  Here at Maclean's, we appreciate the written word. And we appreciate you, the reader.
• THQ Auctions Remaining Assets _{2013-04-22, 06:48 pm}
  ... personally spearheaded the acquisition," the company said in the post. The Agoura Hills company, which filed for bankruptcy in December, auctioned its most valuable intellectual property in January, ultimately raising about $73 million in a ...
• Mexico to Unveil Bank Reform Tuesday in Effort to Boost Lending _{2013-04-22, 06:40 pm}
  ... call for the creation of a universal credit bureau that includes more measures of creditworthiness, and to speed bankruptcy proceedings and asset recoveries. The proposal would build on education and telecommunications reforms that have already ...
• Argentina Takes on Vulture Funds in "Debt Trial of the Century" _{2013-04-22, 06:31 pm}
  ... that often takes place on the individual level: You lose your job and you can't pay your debts. You file for bankruptcy and restructure your debts, but the owners of your hospital debt and credit card debt refuse to negotiate. Instead, these debts ...
• Going once, going twice! Gearbox picks up Homeworld in THQ auction _{2013-04-22, 06:08 pm}
  When the now-bankrupt THQ was broken up and sold for parts earlier this year, a few of the pieces weren't included in the deal.
• Over $1M In Debt, Janice Dickinson Files For Bankruptcy _{2013-04-22, 06:06 pm}
  According to a report, Supermodel-turned-reality TV star Janice Dickinson has declared herself bankrupt with debts of almost $1 million.
• Bankruptcy Fees Out of Control: Reform Panel _{2013-04-22, 06:05 pm}
  ... firms because of creditor-committee proliferation and a flawed compensation system, say experts. A corporate bankruptcy filing can now mean hundreds of dollars in dry-cleaning bills, hotel rooms costing $700 a night, and hundreds of thousands of ...
• North Bergen recycling plant files for bankruptcy _{2013-04-22, 05:54 pm}
  A North Bergen recycling company that has pleaded guilty to illegal dumping and amassed fines of more than $700,000 over safety issues has filed for bankruptcy reorganization.
• Turnaround guru calls for cap on legal fees in Chapter 11 cases _{2013-04-22, 05:50 pm}
  ... theories, a turnaround guru told attendees at a Friday program. Speaking at a Maryland meeting of an American Bankruptcy Institute commission that is studying Chapter 11 reform and could potentially rewrite bankruptcy law, billionaire Wilbur Ross ...
• Elmira businessmen complete purchase of Greek Peak ski resort _{2013-04-22, 05:49 pm}
  The sale of Greek Peak to two Elmira businessmen has closed, clearing the way for the Cortland County ski resort to emerge from bankruptcy.

04/18/13 The Raw Bankruptcy News Feed

Bankruptcy Newswire

• Las Vegas firm accuses Turner of collusion with Westport creditors _{2013-04-18, 07:35 pm}
  ... in order to avoid foreclosure. Las Vegas-based Warhorse-Baltimore Real Estate LLC filed a motion in U.S. Bankruptcy Court in Baltimore on April 17. The company is asking for communications between the firms behind the Westport project and the ...
• LDK Shrinking to a Third of Its Peak Aimed at Luring Investors _{2013-04-18, 07:35 pm}
  ... Deficits of that scale tipped the biggest unit of LDK's larger competitor, Suntech Power Holdings Co., into bankruptcy last month. "The biggest concern people have is that LDK will be the next Suntech and go into some form of bankruptcy," Edwin Mok, ...
• Biggest LBO Collapse Seen as Boon to Texas Power Market: Energy _{2013-04-18, 07:34 pm}
  As Texas warns of potential power shortages and blackouts this summer, the state's biggest electricity producer is teetering toward bankruptcy.
• Barclays's Ricci, Kalaris Stepping Down After Diamond Exit _{2013-04-18, 07:14 pm}
  ... Britain. Skip McGee, who joined Barclays when it acquired Lehman Brother Holdings Inc.'s U.S. operation out of bankruptcy in 2008, will become head of Barclays's Americas business, the bank said today. "There is a clear need for even more effective ...
• Why Fisker crashed and burned _{2013-04-18, 04:01 pm}
  ... the ground - just like faulty parts did to a couple of its cars. Fisker has been reported to be on the brink of bankruptcy , lawsuits are piling up , and a government hearing is reportedly in the works . There are a lot of crash-and-burn stories in ...
• Report: Fisker allowed to draw on U.S. loan after default _{2013-04-18, 01:47 pm}
  ... manufacturing cars late last year and has retained Kirkland & Ellis LLP, a law firm with one of the largest U.S. bankruptcy practices. The company fired three quarters of its remaining workers April 5 after making only 2,500 cars of its first model, ...
• Southern Air welcomed to CVG _{2013-04-18, 03:00 am}
  ... and Southern Air officials believe the company is heading in the right direction after recently emerging from bankruptcy. Kentucky Lt. Gov. Jerry Abramson, airport and DHL executives and Northern Kentucky leaders officially welcomed Southern Air to ...
• Bad Economics, Sovereign Debt, The Irish Mortgage Crisis And More _{2013-04-18, 06:27 pm}
  Instead, involuntary bankruptcy is pretty much the exclusive means of owner occupied residence repossession - at least until this month, when a new insolvency process similar to Chapter 13 bankruptcies in the United States, was put in place.
• Jefferson County Manager Tony Petelos sees light at end of tunnel 'and it's not a train' _{2013-04-18, 06:16 pm}
  ... professional manager, and it has not been fun, Petelos told the Hoover Area Chamber of Commerce today. Between bankruptcy , the closing of inpatient services at Cooper Green Mercy Hospital, cutting more than 1,000 jobs and slicing 35 percent of the ...
• Spreadtrum Leads Rebound on Smartphones: China Overnight _{2013-04-18, 06:11 pm}
  ... loss in the fourth quarter. Suntech Power Holdings Ltd., a solar company whose main unit was forced into bankruptcy after defaulting on a bond payment last month, tumbled 5.1 percent to 65 cents, leading declines on the Bloomberg US-China gauge. The ...
• Bankruptcies Dip Slightly as Economy Improves _{2013-04-18, 06:09 pm}
  All chapters combined - Chapters 7, 11 and 13 - declined to 2,161 Shelby County bankruptcies for the three-month period ended March 31, down 1 percent from 2,216 bankruptcies filed during the same three-month period in 2012, according to The Daily News Online, www.memphisdailynews.com . The U.S. Bankruptcy Court, Western District of Tennessee, has ... (more)
• Fall of Five Star's third musketeer _{2013-04-18, 06:06 pm}
  When Five Star finance company boss Neill Williams is sentenced in court today, it will be just the latest stage in a series of misadventures, reports Hamish Fletcher Neill Williams once called himself and his business associates the "Three Musketeers", but the 79-year-old's life is now more a tale of tragedy than adventure.
• Woodland Park council adopts budget with $2.9 million surplus _{2013-04-18, 05:48 pm}
  WOODLAND PARK - The borough council has adopted a $15.7 million budget that includes no tax increase for municipal purposes.
• Global Agenda: Getting to the core _{2013-04-18, 05:22 pm}
  ... sales by the city. No press, no public, just the ubermenschen who run America, being consulted over the impending bankruptcy of the country's fifth-largest city by population. a China's reported growth rate came in lower than expected. That's the ...
• LDK Reduces Solar Capacity While Seeking Investors _{2013-04-18, 05:14 pm}
  ... Deficits of that scale tipped the biggest unit of LDK's larger competitor, Suntech Power Holdings Co., into bankruptcy last month. "The biggest concern people have is that LDK will be the next Suntech and go into some form of bankruptcy," Edwin Mok, ...
• Lon Morris employees to meet Saturday to discuss recovering back wages _{2013-04-18, 05:06 pm}
  Former employees of Lon Morris College plan to gather Saturday to discuss ways to recover their back wages from the LMC bankruptcy estate.
• Bankruptcy - Court correctly construed oil and gas royalty contract _{2013-04-18, 04:59 pm}
  The bankruptcy court correctly construed an oil and gas royalty agreement when it determined that defendant, who leased mineral rights from plaintiff debtor, properly calculated and paid royalties to plaintiff.
• Las Vegas firm accuses Turner of collusion with Westport creditors _{2013-04-18, 04:57 pm}
  ... in order to avoid foreclosure. Las Vegas-based Warhorse-Baltimore Real Estate LLC filed a motion in U.S. Bankruptcy Court in Baltimore on April 17. The company is asking for communications between the firms behind the Westport project and the ...
• Why Didn't Repo and Charge-off Erase Old Debt? _{2013-04-18, 04:52 pm}
  ... place a lien on any property owned by you. The only way to stop this type of collection activity is to file for bankruptcy. However, even bankruptcy may not prevent you from paying something on this debt. How do you know what to do? See that ...
• Rebates give Pilot major competitive edge _{2013-04-18, 04:42 pm}
  ... approved Pilot's $1.8 billion merger with Flying J in July 2010, which allowed Flying J to emerge from Chapter 11 bankruptcy. In response to antitrust concerns, the FTC required Pilot to sell 26 travel center locations. Although Pilot's rebate ...

The Domino Effect

... than see us end up at the bottom of the Atlantic. When Stockton, California gets approval to officially enter bankruptcy, all of the sudden we imagine the remaining 477 cities and towns in the nation's largest state (by GDP) must also be teetering ...

http://seekingalpha.com/article/1329781-the-domino-effect?source=feed

Your daily business need to know

Check out a story in today's thespec.com by Reporter Steve Arnold about the call for a need for regulation of patient transfer companies following the bankruptcy filing of Hamilton-based Ontario Patient Transfer.

http://www.thespec.com/news/business/article/915694--your-daily-business-need-to-know

Doctors driven to bankruptcy

New York - As many doctors struggle to keep their practices financially sound, some are buckling under money woes and being pushed into bankruptcy.

http://lucianne.com/thread/?artnum=730391

Bond Insurer's Settlement with IRS Puts It on Track to Emerge from Bankruptcy

Ambac Financial Group Inc. on Monday said it has reached a $101.9 million settlement of a dispute with the Internal Revenue Service, a key step in the bond insurer's effort to emerge from bankruptcy.

http://www.insurancejournal.com/news/national/2013/04/09/287735.htm

Trust Deed Forum - a Reduction in Scottish Trust Deed Fees Could...

Bankruptcy Law Reform has been on the Scottish political agenda for some time. Scotland's insolvency service, the Accountant in Bankruptcy, has recently produced an update on which of their proposed changes to protected trust deeds will be brought before Parliament later this year.

http://www.americanbankingnews.com/2013/04/09/trust-deed-forum-a-reduction-in-scottish-trust-deed-fees-could-result-in-increased-creditor-dividends/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+AmericanBankingNews+%28American+Banking+News%29

CirTran Relieved of $1.4 Million in Royalties and Debt Obligations...

... . Mr. Hawatmeh said that "the LIB-MP parties" had filed the petition that forced PlayBev into involuntary bankruptcy, but in December, 2012, the U.S. Bankruptcy Court (District of Utah) vacated the bankruptcy, freeing PlayBev to take legal actions ...

http://eon.businesswire.com/news/eon/20130409006002/en/CirTran-Relieved-1.4-Million-Royalties-Debt-Obligations

Casey Anthony attorneys back in bankruptcy court

A bankruptcy judge in Tampa is set to hear arguments from Casey Anthony's attorneys in their attempt to prevent a trustee in the case from trying to sell her life story as a means to help pay off her outstanding debts.

http://www.wsvn.com/news/articles/local/21010319977075/casey-anthony-attorneys-back-in-bankruptcy-court/

Student Loans Trap Parents, Too

... have no adverse credit history. Education loans -- whether to students or parents -- can't be discharged through bankruptcy except in the most extreme circumstances. There are few recourses for parents who get in too deep. That's especially true for ...

http://www.insurancenewsnet.com/article.aspx?type=lifehealth&id=377811

Trust Deed Forum - a Reduction in Scottish Trust Deed Fees...

Bankruptcy Law Reform has been on the Scottish political agenda for some time. Scotland's insolvency service, the Accountant in Bankruptcy, has recently produced an update on which of their proposed changes to protected trust deeds will be brought before Parliament later this year.

http://www.pr.com/press-release/483436

Bankruptcy Attorney Wallace Spalding Named Top Louisville Lawyer

Louisville bankruptcy attorney Wallace Spalding was recently recognized as a Top Lawyer by Louisville Magazine for the third consecutive year.

http://www.onlineprnews.com/news/368208-1365513879-bankruptcy-attorney-wallace-spalding-named-top-louisville-lawyer.html

Eurozone: Death by a thousand cuts

... now: 'you take one bail-in, you take one bail-out...you do the hokey cokey and turn around and that's what bankruptcy's all about!' Cyprus endured a bizarre bailout farrago which damaged the trust implicit in previous EU statements of safety for ...

http://rt.com/op-edge/eurozone-crisis-death-cuts-566/

Detroit Homes Rot as Appraisals Stopping Sales: Mortgages

... while the U.S. housing bust in 2007 and subsequent recession dragged two of the three largest carmakers into bankruptcy and disproportionately hit the region's real estate market. The city now has 8 people per acre, down from 21 per acre in 1950, ...

http://mobile.bloomberg.com/news/2013-04-09/detroit-homes-rot-as-appraisals-stopping-sales-mortgages.html?

Moniz confirmation hearing today - Fisker on the verge of filing...

... - one of the car companies to get a DOE stimulus loan, of which it drew down $193 million - could file for bankruptcy protection as early as this week, unnamed sources tell Reuters. "The DOE appears to be pushing a Chapter 11 filing soon by Fisker, ...

http://www.politico.com/morningenergy/0413/morningenergy10399.html

Town Council calls special meeting to discuss loan for Central Coventry Fire District

... continue operating long enough to create a long-range plan. The fire district has been in receivership, a form of bankruptcy, since October and is scheduled to close as of midnight Thursday. Providencejournal.com is now using Facebook Comments. To ...

http://news.providencejournal.com/breaking-news/2013/04/town-council-calls-special-meeting-to-discuss-loan-for-central-coventry-fir.html

Former federal fugitive pleads guilty in Los Angeles to foreclosure scam

A former Los Angeles resident who was a federal fugitive for 12 years pleaded guilty Monday to aggravated identity theft and bankruptcy fraud for a massive scam that promised to postpone foreclosure sales for more than 800 distressed homeowners in the Southland and elsewhere.

http://www.dailynews.com/news/ci_22985443/former-federal-fugitive-pleads-guilty-los-angeles-foreclosure

Stately Detroit Homes Rot as Appraisals Stall Sales: Mortgages

... while the U.S. housing bust in 2007 and subsequent recession dragged two of the three largest carmakers into bankruptcy and disproportionately hit the region's real estate market. The city now has 8 people per acre, down from 21 per acre in 1950, ...

http://washpost.bloomberg.com/Story?docId=1376-MKYLI61A1I4H01-415O7VMCTOM5E0816QSR7371G2

Fisker's Fiscal Fires

Fisker, the electric car company that received $200 million in government loans, laid off 75 percent of its workforce of 200 employees late last week, raising concerns the company may soon enter bankruptcy.

http://iwf.org/blog/2791024/Fisker

Italian priest arrested for fraud

An Italian priest has been arrested for embezzling more than 4 million from a Rome clinic owned by his religious order and forcing the facility into bankruptcy after accumulating some 600 million of debt.

http://www.thetablet.co.uk/latest-news/5184

Florida Says Allianz Insurance Subsidiary Committed Fraud

... 300,000 Citizens policies. None of those companies have folded yet and most Citizens takeouts do not end up in bankruptcy or litigation. case highlights the risks involved in shrinking Citizens, even as the company considers providing hundreds of ...

http://www.insurancenewsnet.com/article.aspx?type=propertycasualty&id=377832

Vicksburg casino auction scheduled for April 25

VICKSBURG -- The trustee in the bankruptcy liquidation case of a closed Vicksburg casino boat will auction off the vessel and some its inventory on April 25.

http://www.hattiesburgamerican.com/needlogin?type=login&redirecturl=http%3A%2F%2Fwww.hattiesburgamerican.com%2Fapps%2Fpbcs.dll%2Farticle%3FAID%3D2013130409010%26nclick_check%3D1

Column: GOP Must Launch Reality Offensive

... Ryan and the other Republicans -- again -- for their good faith effort to save the nation from a Grecian-style bankruptcy. I am convinced that if the Republicans will strike back with as much fervor as Obama constantly hits them and take their ...

http://www.davidlimbaugh.com/mt/archives/2013/03/column_gop_must_1.html

Fears over future of Your Choice Barnet

... ice Barnet is a frightening example of the recklessness at the heart of the One Barnet programme and of its moral bankruptcy. The whole programme should be abandoned now before it is too late and we lumber into a fiasco encompassing more services."

http://www.times-series.co.uk/news/10342452.Fears_over_future_of_Your_Choice_Barnet/

Bay Harbor files for bankruptcy protection

Bay Harbor Apartments LLC is seeking to reorganize its debts as a result of the March 18 filing in U.S. Bankruptcy Court in Danville.

http://www.news-gazette.com/news/business/housing/2013-04-09/bay-harbor-files-bankruptcy-protection.html

5 things you need to know for Tuesday

The judge in Casey Anthony's bankruptcy case is scheduled to hear motions on Tuesday whether her trustee can sell the rights to her life story so she can pay her debts.

http://www.abcactionnews.com/dpp/news/local_news/5-things-you-need-to-know-happening-in-florida-on-tuesday-april-9

US criticize EU austerity policies

... and the International Monetary Fund last month after a serious banking crisis brought the country to the brink of bankruptcy.

http://www.buenosairesherald.com/article/128232/us-criticize-eu-austerity-policies

Military, police supplier declares bankruptcy

U.S. Cavalry Store Inc. President James Leonard says the company has been approached by ERMC Property Management about buying its assets out of Chapter 11 bankruptcy.

http://www.macon.com/2013/04/08/2429399/military-police-supplier-declares.html#storylink=rss

Louis Tuchman Joins Herrick, Feinstein's Tax and Personal Planning Group

... and enrich our existing practice." "From federal, state and cross-border taxation issues to joint ventures, bankruptcy, real estate, partnerships and LLCs, Louis brings invaluable experience in a range of areas," noted Partner Daniel A. Swick, who ...

http://www.businesswire.com/portal/site/topix/index.jsp?ndmViewId=news_view&newsId=20130408006240&newsLang=en&ndmConfigId=1000639&vnsId=41

Fashion designer Lilly Pulitzer dies at 81

... changing taste brought trouble. Pulitzer closed her original company in the mid-1980s after filing for Chapter 11 bankruptcy. The label was revived about a decade later after being acquired by Pennsylvania-based Sugartown Worldwide Inc.; Pulitzer ...

http://www.kimatv.com/news/business/Fashion-designer-Lilly-Pulitzer-dies-at-81-201948381.html

US Treasury chief urges EU to ease off austerity

... uropean partners and the International Monetary Fund last month after a banking crisis brought it to the brink of bankruptcy.

http://www.boston.com/news/world/europe/2013/04/08/treasury-chief-urges-ease-off-austerity/hgY2jbPV5dv1PIr63s1VdN/story.html

Spanish bankruptcies hit record in first quarter of 2013

... of bankruptcies since Spain's insolvency law changed in 2004, Axesor said. Almost 28,000 companies have filed for bankruptcy since Spain's economic crisis set in five years ago, Axesor estimates. Banks have tightened lending after a property boom ...

http://money.msn.com/business-news/article.aspx?feed=OBR&date=20130408&id=16327674

The McCann Law Group, LLP dba Consumer Attorney Services Offers Client...

... defense . Consumer Attorney Services works on debt settlement. Consumer Attorney Services also works with bankruptcy law. Consumer Attorney Services hopes its commitment to helping homeowners with a client agreement review service will help more ...

http://www.prweb.com/releases/consumer-attorney-service/client-agreement-review/prweb10606694.htm

Casey Anthony attorneys to argue rights to sell life story

Should a federal bankruptcy trustee be allowed to sell the rights to Casey Anthony 's life story in order to repay the thousands of dollars owed to her creditors? On Tuesday afternoon, the trustee and Anthony's attorneys will make their arguments on the matter before a bankruptcy judge in Tampa.

http://www.orlandosentinel.com/news/local/breakingnews/os-casey-anthony-bankruptcy-life-story-20130408,0,7222514.story

Former British Prime Minister Margaret Thatcher Dies

... Commons. Viewed as a fiscally irresponsible government, the Labour party steered Britain into a state of virtual bankruptcy in 1976. After experiencing a massive drop in the value of currency on the foreign exchanges, the government was forced to ...

http://www.pbs.org/newshour/rundown/2013/04/margaret-thatcher.html

On Native GroundUNCHARTED Territory for the U.S. Economy

... fourth-largest U.S. investment bank, succumbed to the subprime mortgage crisis it helped create with the biggest bankruptcy filing in history. The collapse of the 158-year-old firm, which listed more than $613 billion of debt, dwarfs the previous ...

http://www.american-reporter.com/4,701/914.html

Morgan: Springtime for Media Industry

... an employee, has been disruption. The havoc it wrought was inconceivable until, of course, it became inescapable. Bankruptcy of the music company that gave us the Beatles: Check. Not one but two immersions in Chapter 11 by once-rich magazine ...

http://www.thestreet.com/story/11889577/1/morgan-springtime-for-media-industry.html

U.S. Treasury Secretary urges EU to ease off austerity measures

... partners and the International Monetary Fund last month after a banking crisis brought it to the brink of bankruptcy. Lew therefore pressured the EU to push ahead with one of the its major projects to overcome its debt crisis, the introduction of a ...

http://www.panarmenian.net/eng/news/153347/

Wall Street: The Opposite of Venture Capital

... Street, as we've seen, things can work differently. Student loan debt can be nearly impossible to write off in bankruptcy. Certain types of debt were guaranteed by the government during the financial crisis. And of course, there are direct bailouts. ...

http://www.fool.com/investing/general/2013/04/08/wall-street-the-opposite-of-venture-capital.aspx

New Jersey company closes, liquidates assets to pay debts

... company. The provisions of the Perishable Agricultural Commodities Act are in effect for the case and no bankruptcy is planned, Malady said. According to court documents, the company has until May 1 to notify creditors. Creditors have until May 31 ...

http://www.thepacker.com/fruit-vegetable-enewsletter/packer-daily/201685731.html

Comment - CEDC Pays Price for Past Debts

When Central European Distribution Corporation confirmed yesterday that it is set to f ile for bankruptcy in a US court , it marked a new low for the company whose crippling debts will likely see it become wholly-owned by one of its main competitor, Russian Standard.

http://www.just-drinks.com/comment/comment-cedc-pays-price-for-past-debts_id110003.aspx?

Fisker Struggles Mark Blow to Obama's Electric-Car Goal

The possible bankruptcy of Fisker Automotive Inc., which last week fired three-quarters of its workforce, is the latest blow to President Barack Obama 's goal of having 1 million electric vehicles on U.S. roads by 2015.

http://www.bloomberg.com/news/2013-04-08/fisker-struggles-mark-blow-to-obama-s-electric-car-goal.html

Obama budget, nomination hearings anchor week - Keystone opponents,...

... Fisker's firing of about 80 percent of its staff on Friday flamed the fires that the automaker is on the verge of bankruptcy - which thanks to an outstanding DOE loan would leave some of its assets in taxpayers' hands, the Los Angeles Times writes. ...

http://www.politico.com/morningenergy/0413/morningenergy10387.html

Gasoline Prices Dip Again, Bringing Hopes for Relief: AAA [Media...

... in 2009. In 2011, Solyndra ceased all business activities, laid off all their employees, and filed for Chapter 11 bankruptcy. Probably, but nitpicking on the exact price in the face of such blatant media lies is pointless. I do know it was $1.86 ...

http://www.freerepublic.com/focus/f-news/3005339/posts

On Native GroundABOUT Those Glimmers: Things are Still Lousy

... out' - i.e., written off, subjected to liquidation of remaining assets and collateral, reorganized under the bankruptcy statutes, and put behind us. We have to work very hard to reconfigure the physical arrangement of life in the USA, moving away ...

http://www.american-reporter.com/4,701/775.html

Steak n Shake pays settlement to former ad agency

... decide damages. The Indianapolis-based restaurant chain quietly agreed in mid-February to pay $237,500 to the bankruptcy estate of former Varnson Group CEO Alan Varnson, ending a high-profile legal fight that began in July 2009. The case was ...

http://www.ibj.com/steak-n-shake-settles-case-with-former-ad-agency/PARAMS/article/40641

Louis Tuchman Joins Herrick, Feinstein's Tax and Personal Planning Group

... and enrich our existing practice." "From federal, state and cross-border taxation issues to joint ventures, bankruptcy, real estate, partnerships and LLCs, Louis brings invaluable experience in a range of areas," noted Partner Daniel A. Swick, who ...

http://eon.businesswire.com/news/eon/20130408006242/en/Louis-Tuchman-Joins-Herrick-Feinstein%E2%80%99s-Tax-Personal

Ex-executive's testimony could shift Adelson trial's tone

... late 2008 when dry credit markets and the sagging economy forced Las Vegas Sands to restructure its debt to avoid bankruptcy. Adelson put more than $1 billion into the company as part of the $2.1 billion recapitalization, reducing his ownership ...

http://www.rgtonline.com/article/ex-executives-testimony-could-shift-adelson-trials-tone-110868?CategoryName=Business

More than 600K recovered in horse show bankruptcy

A federal bankruptcy court has recovered more than $600,000 from a defunct horse and human acrobatics show that closed in Del Mar late last year.

http://www.mymotherlode.com/news/state/ap/2599783/More-than-600K-recovered-in-horse-show-bankruptcy.html

On Native GroundHOW to Re-Frame the Debate Over Deficits and Spending

Republicans aren't interested in budget deficits. After all, the current deficits - mainly caused by fighting wars of choice in Iraq and Afghanistan, bailing out the banks, giving huge tax breaks to the wealthy and corporations, and trying to deal with the aftermath of the current recession caused by the collapse of the housing bubble - were ... (more)

http://www.american-reporter.com/4,701/281.html

Military, police supplier declares bankruptcy

A Kentucky-based business that supplies boots, uniforms and tactical gear to law enforcement and the military has filed for federal bankruptcy protection.

http://www.newschannel5.com/story/21907903/military-police-supplier-declares-bankruptcy

One Man's OpinionARE We on the Road of No Return?

... much worse. And this time, we're starting from a more vulnerable position. We've seen the first municipal bankruptcy - of many to come, I believe - in Central Falls, R.I., and others like Jefferson County, Ala., preparing to vote on declaring ...

http://www.american-reporter.com/4,701/210.html

On Native GroundHOW We Got to the Abyss: a Brief Economic History of the Last Decade

... 30 percent of GDP and was falling, and the dire predictions that were heard in the mid-1990s of a looming federal bankruptcy were no longer valid. The Congressional Budget Office (CBO) projected that the federal government would be debt free by ...

http://www.american-reporter.com/4,701/226.html

On Native GroundIS it Still Worth it to Get a College Degree?

... degrees from prestigious institutions are jobless and stuck with huge student loan bills that not even personal bankruptcy can wipe out, Thiel is asking whether talented people might be better served by trying a different path. Thiel and Founders ...

http://www.american-reporter.com/4,701/258.html

Tributes paid in the West to former PM Margaret Thatcher

Tributes have been paid by politicians and personalities in the West County to former Prime Minister Margaret Thatcher, who has died aged 87 after suffering from a stroke.

http://www.thisiswiltshire.co.uk/news/headlines/10340385.Tributes_paid_in_the_West_to_former_PM_Margaret_Thatcher/?ref=rss

Rogue trader Leeson gets Irish partnership as financial adviser

... and the country's banks are struggling to deal with a mountain of bad debt. Leeson will advise clients on new bankruptcy laws and a new non-judicial system of settling secured and unsecured debts of up to 3 million euros. ($1 = 0.7679 euros) ...

http://www.courant.com/business/sns-rt-us-ireland-leesonbre9370d7-20130408,0,5153162.story?track=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Courant%2FBusiness%2FNationWorld+%28courant.com+-+National+BUSINESS+UPDATES%29

On Native GroundHERMAN Cain's 15 Minutes are Up

... 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 ...

http://www.american-reporter.com/4,701/149.html

Bankruptcies down for 4th straight yearApril 9, 2013 The number of...

The number of companies that went bankrupt in Japan in fiscal 2012 fell 7.7 percent from the previous year to 11,719, down for the fourth straight year, Tokyo Shoko Research Ltd.

http://the-japan-news.com/news/article/0000116919

Regional bankruptcies: April 3

These are commercial and personal bankruptcies of $1,000 or more filed recently in the U.S. Bankruptcy Court for the Northern District of New York in Utica.

http://www.syracuse.com/news/index.ssf/2013/04/regional_bankruptcies_april_3.html

Should you consider debt settlement?

... it is a hardship for you even to make minimum payments. Many people automatically think they might have to file bankruptcy in this situation. But you do have another option -- debt settlement, also known as debt resolution or debt negotiation. In ...

http://www.fox44abc22yourvoice.com/story/21892198/should-you-consider-debt-settlement

Should you consider debt settlement?

... it is a hardship for you even to make minimum payments. Many people automatically think they might have to file bankruptcy in this situation. But you do have another option -- debt settlement, also known as debt resolution or debt negotiation. In ...

http://www.kgwn.tv/story/21892198/should-you-consider-debt-settlement

More than 600K recovered in horse show bankruptcy

A federal bankruptcy court has recovered more than $600,000 from a defunct horse and human acrobatics show that closed in Del Mar late last year.

http://www.montereyherald.com/state/ci_22978267/more-than-600k-recovered-horse-show-bankruptcy

Shares in indebted Bosnian alumina plant Birac suspended

The Banja Luka Stock Exchange on Monday suspended trading in the heavily indebted alumina plant Birac ad Zvornik, which is subject to bankruptcy proceedings, for 11 days, it said on its website .

http://www.reuters.com/article/2013/04/08/bosnia-birac-suspension-idUSL5N0CV23X20130408?feedType=RSS&feedName=financialsSector

NHL hoping to keep Coyotes in Phoenix

... in the desert. The Coyotes have been run by the NHL since 2009, when former owner Jerry Moyes took the team into bankruptcy in a bid to sell to Canadian billionaire Jim Balsillie, who would move the franchise to Hamilton, Ontario. The NHL vehemently ...

http://bostonherald.com/sports/bruins_nhl/nhl_coverage/2013/04/nhl_hoping_to_keep_coyotes_in_phoenix

Rogue trader Leeson gets Irish partnership as financial adviser

... ble and the country's banks are struggling to deal with a mountain of bad debt. Leeson will advise clients on new bankruptcy laws and a new non-judicial system of settling secured and unsecured debts of up to 3 million euros. ($1 = 0.7679 euros)

http://www.foxbusiness.com/news/2013/04/08/rogue-trader-leeson-gets-irish-partnership-as-financial-adviser/

More than 600K recovered in horse show bankruptcy

A federal bankruptcy court has recovered more than $600,000 from a defunct horse and human acrobatics show that closed in Del Mar late last year.

http://www.ktvn.com/story/21906841/more-than-600k-recovered-in-horse-show-bankruptcy

Tributes paid in the West to former PM Margaret Thatcher

Tributes have been paid by politicians and personalities in the West County to former Prime Minister Margaret Thatcher, who has died aged 87 after suffering from a stroke.

http://www.gazetteandherald.co.uk/news/10340385.Tributes_paid_in_the_West_to_former_PM_Margaret_Thatcher/?ref=rss

Fashion designer Lilly Pulitzer dies at 81

... changing taste brought trouble. Pulitzer closed her original company in the mid-1980s after filing for Chapter 11 bankruptcy. The label was revived about a decade later after being acquired by Pennsylvania-based Sugartown Worldwide Inc.; Pulitzer ...

http://www.lincolndailynews.com/News/ent040813_G.shtml

Should you consider debt settlement?

... it is a hardship for you even to make minimum payments. Many people automatically think they might have to file bankruptcy in this situation. But you do have another option -- debt settlement, also known as debt resolution or debt negotiation. In ...

http://www.kotatv.com/story/21892198/should-you-consider-debt-settlement

Stock Market Today: April 8, 2013

... premarket, after the beleaguered producer and distributor of alcoholic beverages commenced voluntary Chapter 11 bankruptcy proceedings over the weekend. - Matthew E. Spencer At the time of this article's writing, the author did not have positions in ...

http://www.valueline.com/Markets/Daily_Updates/Stock_Market_Today__April_8,_2013.aspx

Investors Lose Their 'Black Swan' Fears

... have contained a few events that for most people did meet the "black swan" definition, such as for instance the bankruptcy of the GSEs or that of a few brokers such as Lehman, that had after all even survived the Great Depression. Anyway, Reuters ...

http://seekingalpha.com/article/1326501-investors-lose-their-black-swan-fears?source=feed

Federal Judge Green-Lights Stockton Bankruptcy

Stockton, California, made headlines last June when it filed for a Chapter 9 bankruptcy.

http://seekingalpha.com/article/1326671-federal-judge-green-lights-stockton-bankruptcy?source=feed

Ruling on Stockton bankruptcy not a major victorya

At first blush, federal bankruptcy Judge Christopher Klein appeared to give Stockton and its legal ally, the California Public Employees' Retirement System, a major victory last week.

http://www.dailyrepublic.com/opinion/statenationalcolumnists/ruling-on-stockton-bankruptcy-not-a-major-victory%e2%80%a8/

Rogue trader Leeson gets Irish partnership as financial adviser

... ble and the country's banks are struggling to deal with a mountain of bad debt. Leeson will advise clients on new bankruptcy laws and a new non-judicial system of settling secured and unsecured debts of up to 3 million euros.

http://au.ibtimes.com/articles/454655/20130408/rogue-trader-leeson-gets-irish-partnership-as-financial-adviser.htm

Casey Anthony objects to selling story

Her attorneys filed a motion this week in federal bankruptcy court in Tampa asking a judge to reject the proposal.

http://www.dailybusinessreview.com/PubArticleDBR.jsp?id=1202595051694&rss=rss_dbr

Jackson Current: Infant's death leads to manslaughter charges;...

... former Hostess store in Leoni Township is one of more than 130 properties up for sale as part of the company's bankruptcy proceedings. That's it for this morning. Come back to MLive Jackson for more news throughout the day, and make sure to follow ...

http://www.mlive.com/news/jackson/index.ssf/2013/04/jackson_current_24.html

Rogue trader Leeson gets Irish partnership as financial adviser

... and the country's banks are struggling to deal with a mountain of bad debt. Leeson will advise clients on new bankruptcy laws and a new non-judicial system of settling secured and unsecured debts of up to 3 million euros. ($1 = 0.7679 euros) We ...

http://www.reuters.com/article/2013/04/08/us-ireland-leeson-idUSBRE9370D720130408?feedType=RSS&feedName=businessNews

Commissioner Bettman says NHL is committed to keeping Coyotes in Phoenix

... in the desert. The Coyotes have been run by the NHL since 2009, when former owner Jerry Moyes took the team into bankruptcy in a bid to sell to Canadian billionaire Jim Balsillie, who would move the franchise to Hamilton, Ontario. The NHL vehemently ...

http://www.washingtonpost.com/sports/capitals/bettman-says-league-is-committed-to-keeping-coyotes-in-phoenix/2013/04/07/46a06cd0-9ff8-11e2-bd52-614156372695_story.html

NHL hoping to keep Coyotes in Phoenix

... in the desert. The Coyotes have been run by the NHL since 2009, when former owner Jerry Moyes took the team into bankruptcy in a bid to sell to Canadian billionaire Jim Balsillie, who would move the franchise to Hamilton, Ontario. The NHL vehemently ...

http://www.the-daily-record.com/ap%20sports/2013/04/07/nhl-hoping-to-keep-coyotes-in-phoenix

Fashion designer Lilly Pulitzer dies at 81

... changing taste brought trouble. Pulitzer closed her original company in the mid-1980s after filing for Chapter 11 bankruptcy. The label was revived about a decade later after being acquired by Pennsylvania-based Sugartown Worldwide Inc.; Pulitzer ...

http://ap.cjonline.com/pstories/us/20130407/1121024217.shtml

President Obama's High Stakes Budget Gamble

... higher taxes; deeper cuts in education, health and social services; staggering permanent debt; and possibly even bankruptcy. The Simpson-Bowles commission had bipartisan support and a mandate to come up with a sweeping deficit reduction plan. It ...

http://blogs.dailynews.com/friendlyfire/2013/04/07/president-obamas-high-stakes-budget-gamble/

Revolutionary fashion designer Lilly Pulitzer dies at 81

... changing taste brought trouble. Pulitzer closed her original company in the mid-1980s after filing for Chapter 11 bankruptcy. The label was revived about a decade later after being acquired by Pennsylvania-based Sugartown Worldwide Inc.; Pulitzer ...

http://www.masslive.com/news/index.ssf/2013/04/fashion_designer_lilly_pulitze.html

America nothing like Greece

... If a household tried to spend more money in troubled times like the federal government, it would find itself in bankruptcy fast, not only because it wouldn't have a gross domestic product or economic output of $15 trillion, but also because it ...

http://www.easternecho.com/article/2013/04/america-nothing-like-greece

Matanzas Woods golf course faces uncertain future Palm Coast a "...

... Woods remains closed and its future remains in doubt. After the previous property owner filed for Chapter 11 bankruptcy, the Golf Group of Palm Coast purchased the Matanzas Woods course in 2011 as part of a package deal with Cypress Knoll and Pine ...

http://m.news-journalonline.com/fullStory.aspx?feed=http%3a%2f%2fnews-journalonline.com%2fapps%2fpbcs.dll%2fsection%3ftemplate%3dRSS2%26mode%3dnews%26profile%3d1040%26fulltext%3d1%26orderby%3dsimpleformat%2cpriority%26days%3d1&section=topNews&link=http://www.news-journalonline.com/article/20130407/news/304079984

Fashion designer Lilly Pulitzer...

... changing taste brought trouble. Pulitzer closed her original company in the mid-1980s after filing for Chapter 11 bankruptcy. The label was revived about a decade later after being acquired by Pennsylvania-based Sugartown Worldwide Inc.; Pulitzer ...

http://www.590ktie.com/article.aspx?id=0b45baa8-6eb0-4c4e-8897-4226be526f80&catid=6

The Stockton crystal ball: what a pension guarantee will do to Illinois

A U.S. Bankruptcy Court has given Stockton, California, Chapter 9 bankruptcy protection, foreshadowing the coming battle that Illinoisans could face as government worker pensions and retirement costs overwhelm the budgets that fund them.

http://illinoisreview.typepad.com/illinoisreview/2013/04/the-stockton-crystal-ball-what-a-pension-guarantee-will-do-to-illinois.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+typepad%2Fdlacomb%2Fillinoisreview+%28illinoisreview%29

Fashion designer Lilly Pulitzer dies at 81

... changing taste brought trouble. Pulitzer closed her original company in the mid-1980s after filing for Chapter 11 bankruptcy. The label was revived about a decade later after being acquired by Pennsylvania-based Sugartown Worldwide Inc.; Pulitzer ...

http://www.sentinelandenterprise.com/breakingnews/ci_22975272/fashion-designer-lilly-pulitzer-dies-at-81

Designer's colorful prints were once a rage

... tastes brought trouble. Mrs. Pulitzer closed her original company in the mid-1980s after filing for Chapter 11 bankruptcy. The label was revived about a decade later after being acquired by Pennsylvania-based Sugartown Worldwide; Mrs. Pulitzer was ...

http://www.star-telegram.com/2013/04/07/4755983/designers-colorful-prints-were.html

Fashion designer Lilly Pulitzer dies at 81

... changing taste brought trouble. Pulitzer closed her original company in the mid-1980s after filing for Chapter 11 bankruptcy. The label was revived about a decade later after being acquired by Pennsylvania-based Sugartown Worldwide Inc.; Pulitzer ...

http://www.knoxnews.com/news/2013/apr/07/fashion-designer-lilly-pulitzer-dies-at-81/

Lilly Pulitzer

... changing taste brought trouble. Pulitzer closed her original company in the mid-1980s after filing for Chapter 11 bankruptcy. The label was revived about a decade later after being acquired by Pennsylvania-based Sugartown Worldwide Inc.; Pulitzer ...

http://wtop.com/209/3277188/Fashion-designer-Lilly-Pulitzer-dies-at-81

Green Car Maker Fisker Considering Bankruptcy, Taxpayer Loan at Risk

... have been over a half billion dollars). The DOE has come under fire after green energy company Solyndra filed for bankruptcy in 2011. The DOE said in a statement, "Despite Fisker's difficulties, our overall loan portfolio of more than 30 projects ...

http://smallbiztrends.com/2013/04/green-fisker-bankruptcy-taxpayer-loan.html?utm_source=rss&utm_medium=rss&utm_campaign=green-fisker-bankruptcy-taxpayer-loan

Restructuring firm Hilco acquires music retailer HMV

... chains Virgin (later Zavvi) and Tower have all disappeared from the landscape in recent years. HMV too went into bankruptcy. The Hilco team would be led by Topping, formerly chief executive of the furniture retail group Steinhoff in the UK, and ...

http://www.bignewsnetwork.com/index.php/sid/213642888

Smallest state's tallest building will soon go dark

... handed out in 2010 to a video game company started by former Red Sox pitcher Curt Schilling. The company declared bankruptcy last year, leaving taxpayers on the hook. Given that debacle, it is unclear whether lawmakers have the appetite to grant ...

http://www.kimatv.com/news/national/Smallest-states-tallest-building-will-soon-go-dark-201852661.html

Sears closes its portrait studios

... some Walmart stores have closed, as well. C-P-I had warned that it wasn't able to pay its creditors and that bankruptcy liquidation might be possible. This site uses Facebook comments to make it easier for you to contribute. If you see a comment you ...

http://www.fox4now.com/news/local/201851731.html

VIEW: Perseverance -Syed Bakhtiyar Kazmi

... amongst a few others, require informed bashing. Considering the gargantuan hurdles facing the nation, economic bankruptcy and load shedding, which are in fact interrelated, the media focus on queries asked of candidates by representatives of the ...

http://www.dailytimes.com.pk/default.asp?page=2013\04\08\story_8-4-2013_pg3_2

Eurozone Faces New Challenge As Portugal Blocks Cuts [No Salary And Pension Cuts For State Workers!]

... off the banksters for their bad investments is a good thing. Bond Holders took it in the shorts via a new form of Bankruptcy and the Pension and Bennies rolled on....

http://www.freerepublic.com/focus/f-news/3005159/posts

/C O R R E C T I O N -- Central European Distribution Corporation/

... of Reorganization. Accordingly, the Company today commenced voluntary proceedings under Chapter 11 of the U.S. Bankruptcy Code to seek confirmation of the Plan. unsecured credit facility, to be provided by an affiliate of Alfa Group, for the benefit ...

http://www.sys-con.com/node/2606928

Fashion designer Lilly Pulitzer dies at 81

... changing taste brought trouble. Pulitzer closed her original company in the mid-1980s after filing for Chapter 11 bankruptcy. The label was revived about a decade later after being acquired by Pennsylvania-based Sugartown Worldwide Inc.; Pulitzer ...

http://www.heraldnet.com/article/20130407/NEWS02/704079875

Fashion designer Lilly Pulitzer, known for her tropical print dresses, dies in Fla. at 81

... changing taste brought trouble. Pulitzer closed her original company in the mid-1980s after filing for Chapter 11 bankruptcy. The label was revived about a decade later after being acquired by Pennsylvania-based Sugartown Worldwide Inc.; Pulitzer ...

http://www.newstalk1010.com/Article.aspx?id=370978

Central European Distribution Corporation Gets Approval from...

... of Reorganization. Accordingly, the Company today commenced voluntary proceedings under Chapter 11 of the U.S. Bankruptcy Code to seek confirmation of the Plan. Separately, CEDC approved the terms of a new $100 million unsecured credit facility, to ...

http://www.benzinga.com/news/13/04/3476804/central-european-distribution-corporation-gets-approval-from-creditors-on-propose

Hard times ahead, says PM, as court ruling forces Portugal to cut spending

... confirmed on Saturday, sharpening the terms of a bailout that has shaken European banks but saved the island from bankruptcy. A new crackdown on public spending will focus on social security, education, health services and state-run companies, he ...

http://www.theglobeandmail.com/report-on-business/international-business/european-business/hard-times-ahead-says-pm-as-court-ruling-forces-portugal-to-cut-spending/article10832747/?cmpid=rss1

Fashion designer Lilly Pulitzer dies at 81

... changing taste brought trouble. Pulitzer closed her original company in the mid-1980s after filing for Chapter 11 bankruptcy. The label was revived about a decade later after being acquired by Pennsylvania-based Sugartown Worldwide Inc.; Pulitzer ...

http://www.star-telegram.com/2013/04/07/4755547/fashion-designer-lilly-pulitzer.html

BRIEF-Vodka maker CEDC says creditors support restructuring plan

Central European Distribution Corp : * Says creditors support restructuring plan * Says restructuring to be implemented through prepackaged chapter 11 plan * Cedc says commenced voluntary proceedings under chapter 11 of U.S. bankruptcy We welcome comments that advance the story through relevant opinion, anecdotes, links and data.

http://www.reuters.com/article/2013/04/07/centraleuropeandistribution-brief-idUSWEN008BR20130407?feedType=RSS&feedName=bankruptcyNews

Personal bankruptcy protection before Happiness Fund?

Ahead of an application period for debt readjustment for indebted working-class people with People's Happiness Fund that will start on April 22, law firms are moving to attract customers, saying 'Individual bankruptcy protection is relief measure that is more powerful than People's Happiness Fund.' Some are staging a 'marketing campaign in the name ... (more)

http://english.donga.com/srv/service.php3?biid=2013040827018

Still paying big salaries and pensions in the public sector

When the Chancellor of the Exchequer presented his Budget, he confirmed that the Government would be spending 720bn, but will have an income of only 612bn, a shortfall of 108bn.

http://www.thisisdevon.co.uk/paying-big-salaries-pensions-public-sector/story-18636474-detail/story.html

BRIEF-Vodka maker CEDC says creditors support restructuring plan

... lemented through prepackaged chapter 11 plan * Cedc says commenced voluntary proceedings under chapter 11 of U.S. bankruptcy

http://www.theglobeandmail.com/try-it-now/try-it-now-rob-insight/?contentRedirect=true&articleId=10831421

Casey Anthony Lawyers Ask Bankruptcy Judge to Block Sale of Her Life Story

Casey Anthony's bankruptcy lawyers filed paperwork Thursday opposing a Chapter 7 trustee's request to sell her life's story, calling it an "unprecedented invasion" of her "private thoughts and First Amendment rights." Bankruptcy trustee Stephen Meininger filed a motion last month asking U.S. Bankruptcy Judge K. Rodney May for permission to sell ... (more)

http://www.hispanicbusiness.com/2013/4/7/casey_anthony_lawyers_ask_bankruptcy_judge.htm

A-1 rating for Islamic finance programme

... on the programme. According to S&P, the International Islamic Liquidity Management SA vehicle is structured to be bankruptcy-remote, thereby mitigating the potential for an insolvency of the programme upon an insolvency of the owner, International ...

http://www.btimes.com.my/articles/iilmsukuk/Article/

If mistakes are corrected, Armenia will hold one of the leading positions in world aviation

Secretary of Security Council: If mistakes are corrected, Armenia will hold one of the leading positions in world aviation ARMINFO Saturday, April 6, 16:09 After the bankruptcy of Armavia, the national air carrier of Armenia, the air space of the country should be open for large foreign air carriers, and this will contribute to liberalization of ... (more)

http://groong.usc.edu/news/msg462684.html

You Can't Call It a Concession if No One Asked For It

... and raising the eligibility age combined with the usual Peterson-esque fear-mongering about debt and future bankruptcy of the program, but there is no direct recommendation. As far as direct recommendations go, all that we get is this: Social ...

http://www.dailykos.com/story/2013/04/07/1199871/-You-Can-t-Call-It-a-Concession-if-No-One-Asked-For-It

Taxpayer-backed Fisker lays off 75 percent of workforce; poor sales...

... most of its rank-and-file employees on Friday, in a last-ditch effort to conserve cash and stave off a potential bankruptcy filing, sources said. In a statement, Fisker confirmed that it let go about 75 percent of its workforce. The automaker said ...

http://michellemalkin.com/2013/04/07/fisker-lays-off-workforce/

Borenstein: Stockton bankruptcy explores whether pension promises...

A bankruptcy judge's ruling last week declaring the city of Stockton insolvent sets the stage for a possible legal showdown over whether financially destitute municipalities can alter employee pension benefits.

http://www.contracostatimes.com/daniel-borenstein/ci_22971522/daniel-borenstein-stockton-bankruptcy-explores-whether-pension-promises?source=most_viewed

Stockton, CA bankrupt: Expect Cyprus like solution for bond holdersl

Bankruptcy judge Christopher Klein found the city had met the requirements to proceed with its municipal bankruptcy case.

http://communities.washingtontimes.com/neighborhood/politics-blue-collar/2013/apr/1/stockton-california-bankrupt-expect-cyprus-solutio/

Taxpayers to foot bill for Slovenia's banking crisis

SUCCESSIVE Slovenian governments have refused to privatize the country's banks, which made disastrous loans to politically connected business interests and now threaten to drag the country center stage in the eurozone debt crisis.

http://www.shanghaidaily.com/article/?id=527807

14 years after Hurricane Floyd, Princeville once again in peril

... answered, not even the line for the police department. The drastic cutbacks are designed to keep the town from bankruptcy. The state seized financial control in Princeville eight months ago, invoking powers used only five times in the past 70 years. ...

http://www.charlotteobserver.com/2013/04/06/3965228/14-years-after-hurricane-floyd.html#storylink=rss

State budgets in disarray | Don Brunell

... in unfunded pension liabilities. The city of Stockton, Calif. recently became the largest city to declare bankruptcy, and analysts predict that, if bankruptcy judges allow municipalities to renegotiate their pension obligations, more cities may ...

http://www.rentonreporter.com/business/201668461.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+renbusiness+%28Business+-+Renton+Reporter%29

Rhode Island's tallest building will soon go dark

... handed out in 2010 to a video game company started by former Red Sox pitcher Curt Schilling. The company declared bankruptcy last year, leaving taxpayers on the hook. Given that debacle, it is unclear whether lawmakers have the appetite to grant ...

http://www.miamiherald.com/2013/04/07/3328384/rhode-islands-tallest-building.html

The welfare state was a product of wartime rationing

... of the battles themselves, but subsequent decades of debt, inflation, official incompetence and, in the end, bankruptcy. War wrecks lives and families, that much we all know. We forget how thoroughly it destroys freedom. I believe same thing ...

http://www.freerepublic.com/focus/f-news/3005065/posts

Fears grow over Teamsters pension fund

Many unions are facing a serious looming problem: Drastically underfunded pension plans.

http://www.freerepublic.com/focus/f-news/3005064/posts

How Monopoly Helps Us Make Smart Financial Decisions

You can teach kids some personal finance basics, such as diversification and debt management, by playing the classic board game with them.

http://www.kiplinger.com/article/spending/T023-C000-S002-monopoly-helps-us-make-smart-financial-decisions.html

Over $600k recovered from Valitar for former employees, creditors

- A federal bankruptcy court has recovered more than $600,000 from the defunct Valitar show that closed in Del Mar late last year, but that's far less than the amount owed to vendors and former employees. The $600,000 includes about $217,000 in net ...

http://www.utsandiego.com/news/2013/apr/07/del-mar-valitar-bankruptcy/

China Debt Manageable, Ex Fin Min Says

The Chinese government is not going bankrupt anytime soon, the country's former finance minister Xiang Huaicheng said during the 2013 Boao Forum for Asia, going on this weekend in Hainan.

http://www.forbes.com/sites/kenrapoza/2013/04/07/china-debt-manageable-ex-fin-min-says/

PA's Solyndra? Pittsburgh Solar Plant Received $10 Million in Stimulus, now Going Bankrupt

By Eric Boehm | PA Independent HARRISBURG - A Pittsburgh-area solar energy company that received more than $10 million as part of the federal stimulus is asking a federal judge to allow it to file bankruptcy.

http://warminster.patch.com/articles/pa-s-solyndra-pittsburgh-solar-plant-received-10-million-in-stimulus-now-going-bankrupt

Hey, They Are Stretching the Truth Way Too Far

... the European Central Bank and the International Monetary Fund) is activated to salvage economies on the brink of bankruptcy. Armed with inevitably imperfect information and incomplete analysis, they race against time to negotiate a "reform program." ...

http://www.huffingtonpost.com/mohamed-a-elerian/hey-they-are-stretching-t_b_3032415.html

Mojo's Miscellany: a varied array of fine fiction

Once in a long while a novel will arise that sings with such an incandescent and original voice that your head reels, your heart breaks, and you think 'YES, this is what a novel is meant to do!' In other words ... take your breath away.

http://thechronicleherald.ca/books/1122023-mojos-miscellany-a-varied-array-of-fine-fiction

Gag Order Placed On American Airlines Employees

I got a lot of comments on my last article regarding the fleecing of employees and shareholders over the proposed $20 million severance payment that Tom Horton, American Airlines bankruptcy caretaker CEO, is lined up to receive.

http://www.forbes.com/sites/richardfinger/2013/04/07/gag-order-placed-on-american-airlines-employees/

5 of Last Week's Biggest Losers

... histories. Reuters points out that subprime auto loans are showing up with an alarming frequency on personal bankruptcy filings these days. Ready for a bounce Are you part of the 99%? The Motley Fool's new free report highlights three ...

http://www.fool.com/investing/general/2013/04/07/5-of-last-weeks-biggest-losers-30.aspx

Business Credit Radio's Show "Best Practices For Customer...

... Media Technologies LLC, Augusta, GA. He served on or chaired numerous creditors' committees in prominent national bankruptcy cases. He was one of 13 authors of Principles of Business Credit, the text from which National Association of Credit ...

http://www.prweb.com/releases/2013/4/prweb10607642.htm

Letter: Smoking will not be key to success at Revel Casino

Revel Casino isn't the first business in New Jersey to go through bankruptcy reorganization, and it won't be the last.

http://www.nj.com/south-jersey-voices/index.ssf/2013/04/letter_smoking_will_not_be_key.html