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 ...