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Saturday, April 6, 2013

Casey Anthony objects to selling story

Casey Anthony is objecting to a proposal that she sell her life story as part of her bankruptcy proceedings.

http://www.wptv.com/dpp/news/state/casey-anthony-objects-to-selling-her-story-as-part-of-her-bankruptcy-proceedings

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.

Thursday, February 28, 2013

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.

Wednesday, February 6, 2013

02/06/13 THE COMPREHENSIVE REAL-TIME NEWS FEED FOR BANKRUPTCY


Bankruptcy Newswire


  • Inspiration sells off remaining hemophilia drug assets, prepares to liquidate 2013-02-06, 03:07 pm
    ... The Cambridge, Mass.-based biotech, with a manufacturing facility in Milford, Mass., filed for Chapter 11 bankruptcy protection in October 2012. Michel Dahan, vice president of commercial development and strategic planning, told Mass High Tech ...
  • Greece orders on-strike ferry crews back to work 2013-02-06, 03:05 pm
    ... rity policies forced upon it by international creditors, whose bailout loans are shielding debt-heavy Greece from bankruptcy.
  • Chrysler, Santander Form Financing Arm 2013-02-06, 02:42 pm
    ... at least through the end of Chrysler's existing contract with Ally, which expires on April 30. Since exiting bankruptcy in 2009, Chrysler has relied on Ally to provide retail loans, as well as finance leases and credit to dealers for stocking ...
  • UPDATE 2-S&P says public finance rating actions positive for 2012 2013-02-06, 02:23 pm
    ... have faced fiscal and revenue problems, which led analyst Meredith Whitney to warn of a rash of defaults and bankruptcy filings. Her predictions have not been realized, but they cast a long chill on the $3.7 trillion municipal bond market. For all ...
  • City faces imminent bankruptcy, says DA 2013-02-06, 02:12 pm
    The DA has called on Gauteng Local Government MEC Ntombi Mekgwe to intervene in the financial affairs of the Tshwane municipality as it is "facing imminent bankruptcy". This comes after the municipality's salary payments to staff were apparently delayed because "it had used its long-term debt account to pay salaries", the party said.
  • CPA Firm Pun & McGeady Joins Forces With Law Firm to Tackle... 2013-02-06, 02:09 pm
    ... to a CNBC October 3, 2012 article , many municipalities are likely to join Stockton and San Bernardino in bankruptcy. While this Pew info-graphic downplays the number of bankruptcies since the crisis of 2007 & 2008, and the states have helped ...
  • Q&A: The Hostess Auction - What To Expect 2013-02-06, 02:08 pm
    As Hostess continues its bankruptcy auction process, the company has announced the lead bidders for many of its popular brands, including Wonder Bread and Twinkies.
  • Ipswich: Michael Chopra leaves Twitter after posting picture of cash 2013-02-06, 02:08 pm
    ... made the revelations when she appeared at Newcastle Magistrates' Court, claiming that Chopra was on the verge of bankruptcy. Last month, Chopra released a statement saying that he would not be defending himself against the BHA charges as he could ...
  • Popular New York Soul Food Hot Spot Files for Bankruptcy 2013-02-06, 01:46 pm
    ... have a liquor license for at least six months, according to its attorney, David Biondi, who filed the Chapter 11 bankruptcy papers. Even though the restaurant recently secured a liquor license, the months where they operated without a license hurt ...
  • Freedom Financial Network Records Strong Fourth-Quarter, Year-End Results 2013-02-06, 01:36 pm
    ... consumers' behalf to resolve debt balances. Offering an alternative to credit counseling, debt consolidation and bankruptcy, the company's debt relief program helps clients resolve their unsecured debt, often in 24 to 48 months. Freedom Financial ...
  • Alberta mortgage fraud victim elated over extended jail term 2013-02-06, 01:17 pm
    ... he lost much more than the $10,000 he had invested in the scam. He walked away from the deal and tried to declare bankruptcy, but was refused because of the fraud case, he said. Miller also could not get a mortgage when he tried to buy a house again ...
  • Don McNay: Tax Relief Scams: Where Crime Does Pay 2013-02-06, 01:15 pm
    ... you are obviously at the end of your rope. You are also probably financially disconnected. There are legitimate bankruptcy attorneys who may be able to help. I would rather take a chance walking into a local attorney's office than paying an unknown ...
  • Law Offices of Hilton Wiener Issues Tax Opinion to Real Estate... 2013-02-06, 01:15 pm
    ... believe that they will have difficulty collecting the full amount. Debtors, particularly those who are not filing bankruptcy, may find this preferable to attempting to catch up by making payments. The IRS considers the difference between what was ...
  • Former CEO explains how he turned GM around 2013-02-06, 01:11 pm
    Sixteen months later the company went from being on life to support to launch of the biggest IPO in history.
  • Sue S&P, Sue Everybody 2013-02-06, 01:09 pm
    It appears S&P is being sued by the Justice Department. Lest anyone think this is payback for its downgrade of Uncle Sam, the suit will allege S&P played a key role in the 2008 credit crisis-issuing too rosy ratings on mortgage-backed securities and other collateralized debt obligations when they knew such securities were toxic.
  • USPS to Only Deliver Parcels on Saturday 2013-02-06, 01:00 pm
    Come August 1, the bankrupt and deeply in debt US Postal Service means to stop delivering first-class mail on Saturdays and save a projected $2 billion a year.
  • Fujitsu, Panasonic to merge chip business in FY 2013 - sources 2013-02-06, 12:35 pm
    ... when Elpida Memory Inc, the country's last remaining dynamic random access memory (DRAM) maker, was driven into bankruptcy last February with more than $5 billion in debt. Elpida's troubles were followed by the Japanese government's $1.8 billion ...
  • New Law Could Help Chuck Toxic Student Loan Debt 2013-02-06, 12:31 pm
    ... apiece. With rare exceptions , neither government nor private student loans can currently be wiped out through bankruptcy . If they aren't paid off, the government can even dock Social Security payments of debtors. An estimated $150 billion of the ...
  • The Cornett-owned Hooters at 7912 W. Broad St. 2013-02-06, 12:20 pm
    ... lawsuit over its use of the Hooters brand. Cornett Hospitality, which has been working its way through Chapter 11 bankruptcy since November, last month was forced to turn over the keys to two more of its Hooters restaurants: one in Roanoke and one ...
  • REO to Rental: Closer, but No Securitization 2013-02-06, 12:19 pm
    Learn about this year's finalists and see who won the 2012 MT Award. 2012 MT Awards: Servicer of the Year Award The Servicer of the Year Award recognizes a servicer using technology to optimize the management of performing and distressed mortgage portfolios and ensure efficient communication with borrowers, investors and the mortgage servicing ... 

Thursday, January 31, 2013

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.uk2013-01-31, 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 ...

Thursday, January 17, 2013

THE COMPREHENSIVE REAL-TIME NEWS FEED FOR BANKRUPTCY.



Bankruptcy Newswire


  • On Native GroundHERMAN Cain's 15 Minutes are Up 2011-11-17, 03:00 am
    ... 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 ...
  • CD Cargo reports CZK 2bn loss 2013-01-17, 02:16 am
    ... stock that the company acquired in 2007, was equal to Kc1.6bn. "It is not so bad, it is not for insolvency or bankruptcy," Transport Minister Zbynek Stanjura, present at the economic committee's meeting, commented on the data. Zaluda did not rule ...
  • Moody's downgrade won't affect Woodland's water project credit 2013-01-17, 02:14 am
    ... t in which Moody's looked at economic pressures on California cities and predicted more municipalities may pursue bankruptcy.
  • Boutique hotel: $1.85M 2013-01-17, 02:03 am
    ... sale since he purchased and renovated it in 2002. The business has had its ups and downs, filing for Chapter 11 bankruptcy in 2011. But its debts are paid, Myers said, and the eight-story hotel recently started up a new business relationship with ...
  • American Airlines cuts labor costs, has 4Q profit of $262M 2013-01-17, 01:53 am
    American Airlines made a profit in the fourth quarter, a big turnaround from a year ago, as it slashed labor costs and reaped other benefits from its trip to bankruptcy court.
  • Local bankruptcy filings drop to 5-year low 2013-01-17, 01:34 am
    The number of people filing for bankruptcy fell 12.5 percent, from 974 filings in 2011 to 852 in 2012.
  • GM to spend $1.5 billion in 2013 to expand in North America 2013-01-17, 01:25 am
    ... expects GM to add U.S. jobs "very shortly." The automaker has added about 18,000 hourly jobs since its Chapter 11 bankruptcy in 2009. King said that figure would top 20,000 eventually. The automaker is weighing whether and where it needs to add work ...
  • 1040EZ - the Benefits of Easiest Tax Form 2013-01-17, 01:18 am
    ... interest was not over $1,500 a Your taxable income must be less than $100,000 a You have not filed Chapter 11 bankruptcy within the last 6 years a You must not claim any student loan interest deduction a You did not claim any additional standard ...
  • Settling Unsecured Bad Debt With Your Creditors 2013-01-17, 01:11 am
    ... consumer also could negotiate directly with their credit card company, work with a credit counselor, or consider bankruptcy. A free consumer help site called Bad Credit MD has more information on dealing with these issues at ...
  • Howell Twp. accountant warns of bankruptcy 2013-01-17, 01:05 am
    ... unable to fund water-and-sewer bond payments in May 2017 through general fund dollars, likely forcing a municipal bankruptcy, said Brent Kil-pela, the township's accountant. Kilpela provided projections at Monday's Board of Trus-tees meeting based ...
  • Visteon says no plans to move HQ from Michigan 2013-01-17, 01:00 am
    ... Visteon operated 33 plants in North America and had more than 25,000 workers in the United States. It filed for bankruptcy in May 2009 amid a sharp decline in auto production. The company shed $2 billion in debt during its 16-month bankruptcy stay. ...
  • American Airlines posts $262 million profit in fourth quarter 2013-01-17, 12:58 am
    AMR Corp. made it into the black in the fourth quarter after a year of cleaning up its balance sheet and cutting costs while operating in Bankruptcy Court.
  • $726 million bond deal will keep WPAHS afloat 2013-01-17, 12:15 am
    ... in a savings of about $100 million for Highmark. With the deal, officials said West Penn Allegheny will avoid a bankruptcy filing and preserve pensions for the health system's 12,000 employees. The agreement is considered crucial to Highmark's plans ...
  • Chafee calls for lower biz taxes in state-of-state 2013-01-16, 11:56 pm
    ... loan guarantee to former Red Sox pitcher Curt Schilling 's video game company 38 Studios, which has filed for bankruptcy. Chafee opposed the investment as a candidate and said it's an example of the kind of poor leadership Rhode Island can no longer ...
  • Briefly 2013-01-16, 11:53 pm
    American Airlines made a profit in the fourth quarter, a big turnaround from a year ago, as it slashed labor costs and reaped other benefits from its trip to bankruptcy court.
  • GM to invest $1.5 billion on North American expansion in 2013 2013-01-16, 11:47 pm
    ... expects GM to add U.S. jobs "very shortly." The automaker has added about 18,000 hourly jobs since its Chapter 11 bankruptcy in 2009. King said that figure would top 20,000 eventually. The automaker is weighing whether and where it needs to add work ...
  • 5 ways to destroy your net worth 2013-01-16, 11:22 pm
    ... accident can lead to huge medical bills and serious financial difficulties. One of the prime causes of personal bankruptcy in the United States is medical costs, and going without health insurance represents a sizable risk to a person's net worth. ...
  • What's Next For Liberalism? 2013-01-16, 11:09 pm
    ... respects, liberalism is a fat target. Dozens of city and state public employee pension plans are on the verge of bankruptcy or are actually bankrupt from Rhode Island to California; in 2010, a survey of 126 state and local plans showed assets of ...
  • URGENT: How to beat Barack Obama's executive orders on gun control 2013-01-16, 10:55 pm
    It is often said that the Second Amendment is the First Amendment. Without it there can be no others.
  • Osoyoos Concert Series Opts for Comedy at Upcoming Show 2013-01-16, 10:55 pm
    ... money manager named Cliv, who has recently lost his job and is carrying a heavy debt load, so he declares bankruptcy and moves to B.C.'s interior and moves into a dilapidated house that needs a lot of upgrades, especially the outside deck. The deck ...

Monday, January 7, 2013

01/07/12 The Raw Bankruptcy News Feed


Bankruptcy Newswire


  • People, Etc. 2013-01-07, 09:54 am
    ... Literary Agency as an agent to build a list of fiction clients. Readers Digest UK is facing a second round of bankruptcy or reorganization. Current owner private equity firm has asked creditors to accept a voluntary restructuring to avoid full ...
  • The Financial War Against the Economy at Large 2013-01-07, 09:51 am
    ... the main focus of class warfare a century ago. And to cap matters, credit-card bank lobbyists have rewritten the bankruptcy laws to curtail debtor rights, and the referees appointed to adjudicate disputes brought by debtors and consumers are subject ...
  • Former CEO of Radnor Sues Skadden 2013-01-07, 09:44 am
    Michael Kennedy, the former CEO of defunct packaging firm Radnor Holdings Corp has sued Skadden Arps and the law firm's client, the hedge fund Tennenbaum, as well as some other legal and financial advisers in the U.S. Bankruptcy Court in Wilmington, Delaware.
  • Fiscal Cliff Deal's Impact on Economy 2013-01-07, 09:26 am
    Whatever you wanna call -- What's that what's the -- there's a political impact but the economic impact is what I -- get from you.
  • No, the U.S. Is Not Greece, But... 2013-01-07, 09:06 am
    ... debt-issuing business. If not, then while it is certainly true that the U.S. government cannot be forced into bankruptcy or "run out of money", it would be imprudent not to take steps now to guard against the possibility of monetary and financial ...
  • THQ denied quick bankruptcy sale in wake of creditor complaints 2013-01-07, 09:06 am
    Following complaints from THQ's creditors, a U.S. court has denied the publisher's bankruptcy sale process and loan arrangements, stating that THQ did not give potential buyers enough time.
  • Big Names Gone Bankrupt in 2012 2013-01-07, 09:03 am
    The Great Recession has altered the consumer landscape, forcing such familiar retailers as Borders, Circuit City and The Sharper Image into bankruptcy.
  • Your View: Sewer debt doesn't add up 2013-01-07, 09:02 am
    On June 29, 2012, your newspaper reported that the Sewer Debt Bankruptcy Judge ruled that the Jefferson Commission could not reserve money from the $13.5 million monthly revenue collected from its 150,000 customers to pay its legal bills.
  • Report: Hostess In Talks To Sell Bread Brands 2013-01-07, 09:00 am
    The makers of Thomas' English muffins and Tastykake snacks are emerging as two of the bidders for Wonder Bread and other Hostess bread brands as the company tries to sell off its assets under bankruptcy-court oversight, a newspaper reported Saturday.
  • Hostess May Reveal Leading Bidders Next Week 2013-01-07, 08:47 am
    The makers of Thomas' English muffins and Tastykake snacks are emerging as the two of the bidders for Wonder Bread and other Hostess bread brands as the company tries to sell off its assets under bankruptcy-court oversight, a newspaper reported Saturday.
  • New bankruptcy judge to take oath next week 2013-01-07, 08:34 am
    ABERDEEN - A new bankruptcy judge for northern Mississippi will be sworn in Jan.
  • Electronic Game Card, Inc. (PINK:EGMIQ) Investor Files Lawsuit Against Former Auditors 2013-01-07, 08:26 am
    ... 28, 2010, Electronic Game Card, Inc. filed a voluntary petition for liquidation under Chapter 7 in the US Bankruptcy Court. Those who purchased a significant amount of shares of Electronic Game Card, Inc. ( PINK:EGMIQ ) between April 5, 2007 and ...
  • Sirius XM Countdown: Day 5 of 60 Until Liberty Takes Over 2013-01-07, 08:23 am
    ... having been in trouble. A weakened economy coupled with depressed auto sales brought the company to the brink of bankruptcy. Vultures, including opportunists such as Dish Network's Charles Ergen circled around a seemingly lifeless body of a ...
  • CPI Corp. lenders stay action until mid-January 2013-01-07, 08:16 am
    ... unable to secure additional amendments to the credit agreement, it "may be forced into an orderly liquidation or bankruptcy."
  • Dodd-Frank's Problems -- and Potential Solutions 2013-01-07, 07:56 am
    ... argues, was written to give regulators powers they felt they lacked when they allowed Lehman Brothers to go into bankruptcy in September 2008. Lehman's collapse, followed by the Bush administration's demand for the $700 billion TARP legislation and ...
  • Fla. brain injury hospital files for bankruptcy 2013-01-07, 07:37 am
    A southwest Florida hospital that treats brain injuries has filed for bankruptcy, months after a state investigation into reports of patient abuse and neglect at the facility.
  • Debt-ridden AeroSvit's aircraft detained at various airports 2013-01-07, 07:32 am
    Ukraine's foreign affairs ministry has disclosed that aircraft operated by AeroSvit have been detained at various airports, in the wake of bankruptcy proceedings being initiated against the troubled carrier.
  • Winning ugly -- Obama and the fiscal cliff 2013-01-07, 07:00 am
    By all accounts, President Barack Obama won the fiscal cliff showdown. Why anyone would take much pride in this kind of "win" is beyond me.
  • How to get a Hard Money Loan Financed by a Private Capital... 2013-01-07, 04:00 am
    ... of much quicker closing. Hard Money loan is basically an assets based financing and therefore can be used in bankruptcy, foreclosure, distressed situations where conventional funding is not available. Loan is underwritten primarily based on a value ...
  • Kodak lending its name to new maker of digital cameras 2013-01-07, 03:00 am
    ... Kodak, which invented digital camera technology in the 1970s, said in February that as part of its Chapter 11 bankruptcy protection it was getting out of digital consumer photography. In a statement, JK Imaging CEO Joe Atick said the decision to ...

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