04/06/13 The Raw Bankruptcy Newsfeed

Bankruptcy Newswire

• Fisker Lays Off 75 Percent of Employees _{2013-04-06, 08:08 am}
  ... on a loan from the U.S. Department of Energy, and as reports have swirled that it could be preparing to file for bankruptcy. As with the failed solar firm Solyndra , the green car company was once an early pick by the Obama Administration to be part ...
• Patriot CEO: Set record straight on offer to UMWA _{2013-04-06, 07:58 am}
  ... some desire to break long-standing promises, but rather by the recognition that Patriot simply cannot emerge from bankruptcy unless we find a way to be able to pay for our obligations on an ongoing basis. Patriot's goal is to obtain the significant ...
• Bosnian Serb government orders bankruptcy at alumina plant _{2013-04-06, 07:46 am}
  Bosnia's Serb Republic government ordered the tax authority on Saturday to launch bankruptcy procedures at the region's indebted alumina plant, majority-owned by troubled Lithuanian lender Ukio Bankas .
• Dealing with credit card debt _{2013-04-06, 06:53 am}
  ... may be reluctant to agree to such an arrangement. Those with credit card debt may also consider filing for bankruptcy protection if the company becomes more aggressive in trying to collect this debt. Once an individual files for bankruptcy, the ...
• Over 30 of Dunne's creditors called to meeting in US _{2013-04-06, 06:43 am}
  MORE than 30 organisations and individuals owed money by bust developer Sean Dunne have been sent notice of a creditors' meeting by the United States Bankruptcy Court.
• The Baron may be bankrupt, but tangle with his lady at your peril _{2013-04-06, 06:42 am}
  ... him for this amount in what was widely seen at the time as the penultimate stage on the road to Mr Dunne's bankruptcy. In a remarkably frank interview that he gave to the 'New York Times' in January 2009 "on (in the words of his interviewer) perhaps ...
• Edith Lank Fix up mom's old house or just sell it? _{2013-04-06, 06:41 am}
  ... as well as short sales. Q. Are there any legitimate lease-to-buy programs out there? We are recovering from bankruptcy and moving to another state soon. We cannot buy for two years but would like to think we aren't throwing our money away on rent. ...
• Paul B. Farrell: Critical Warning No. 13: Stockman's 'Apocalypse' _{2013-04-06, 05:01 am}
  ... as Chapter 11 for politicians, the Republican push to extend the unaffordable Bush tax cuts would amount to a bankruptcy filing." We covered yet another Stockman commando raid in a 2011 Reason magazine interview with editor-in-chief Nick Gillespie. ...
• Downtown Vision Committee seeks publica s ideas _{2013-04-06, 04:36 am}
  ... since the committee was established,” Dupuis said. Prime Tanning, a national company, filed for Chapter 11 bankruptcy in 2010. It has since been dominating the downtown with empty buildings, the committee said. Prime Tanning has proposed ...
• Divorce Can Lead to Issues for Homeowners _{2013-04-06, 04:14 am}
  ... In this case, it is impossible to refinance the house. Usually one spouse wishes to leave the house and suggest bankruptcy. However, the other spouse wishes to keep the house. In this situation, consulting with a divorce lawyer and a bankruptcy ...
• Fisker cuts three-fourths of its workers _{2013-04-06, 04:04 am}
  ... Karma plug-in hybrid sports car, hasn't produced any cars since last year after its battery supplier filed for bankruptcy protection. The company has struggled to attract investment and was shopping around for a buyer or company to join it in an ...
• Christine Beatty doubles restitution payment despite filing for bankruptcy _{2013-04-06, 03:57 am}
  Kwame Kilpatrick's former chief of staff and ex-mistress Christine Beatty paid $1,000 in restitution Friday -- double the required payment -- despite filing for bankruptcy nearly six months ago.
• Polish treasury to recover LOT 787 grounding cost _{2013-04-06, 03:42 am}
  ... stated that, in December 2012, the government was considering whether to rescue LOT or allow it to file for bankruptcy. Budzanowski acknowledged that the public had a "right to know" about the airline's situation and the rescue effort, which centres ...
• Sukhoi Civil Aircraft To Sue Armenia's Armavia Over $1.4 Million Debt _{2013-04-06, 03:32 am}
  ... the disparities. "Taking into account the financial state of the Armenian airline and a high probability of its bankruptcy, the prospects for a full implementation of the above-mentioned contract look rather uncertain," SCAC statement says. "In case ...
• Judge approves MF Global liquidation plan _{2013-04-06, 03:05 am}
  A day after MF Global's bankruptcy trustee hinted he might sue top executives for "negligent conduct," his separate plan to liquidate the firm secured court approval, ushering in a final phase of a case that rattled Wall Street and prompted a federal investigation.
• China Responds Aggressively to EU Solar Panel Trade Tariffs Reports 4 Wheel Parts _{2013-04-06, 03:00 am}
  ... on the solar panels to China. For all the subsidies, one of the largest solar panel makers (Suntech) filed for bankruptcy. Recently SunTech Power went from a $47 stock in 2008 to pennies this year. The company is now looking for protection from its ...
• Beatty doubles restitution payment as Kilpatrick falls behind _{2013-04-06, 03:00 am}
  ... from lies she and Kilpatrick told under oath during a whistleblower trial. Beatty is paying despite filing bankruptcy in October in Georgia, where she settled following a text-message scandal that led to jail stints for her and Kilpatrick. ...
• Fisker Automotive lays off 160, struggles to find financing deal _{2013-04-06, 03:00 am}
  ... its entire public relations department -- as it searches for an investor or buyer and prepares for a possible bankruptcy. In 2009, Fisker won $529 million in low-cost Energy Department loans and spent $193 million, mostly to develop its Karma ...
• 6 key considerations when applying for a mortgage _{2013-04-06, 03:00 am}
  ... Build a strong credit score Bad borrower behavior like late credit card or other loan payments, foreclosure or bankruptcy and carrying high balances will weigh down your credit score. Those with FICO scores below 600 can expect to pay a ...
• Fisker fires most of staff _{2013-04-06, 03:00 am}
  Scrambling to stay afloat, Fisker Automotive fired three-quarters of its staff on Friday, and state officials who had courted the company to Delaware four years ago are girding for a bankruptcy filing many observers say is imminent.