Saudi Arabia: Man Goes Bankrupt on Wedding Night, Bride Files for Divorce

A Saudi Arabian woman rejected her husband, on their wedding night, after learning he had lost all his money on the currency trading market.

http://au.ibtimes.com/articles/454273/20130406/saudi-arabia-man-wedding-bankrupt-dumped-bride.htm

Surprise: Stimulus Recipient Fisker Auto Lays Of 75% Of Their Workforce

... 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 ...

http://www.rightwingnews.com/barack-obama/surprise-stimulus-recipient-fisker-auto-lays-of-75-of-their-workforce/

Secretary of Security Council: If mistakes are corrected, Armenia...

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 this direction in economy, enhancement of competition and, consequently, reduction of air ticket prices and enhancement of the service quality, Artur ... (more)

http://www.arminfo.am/index.cfm?objectid=01FC9040-9EB3-11E2-8E2EF6327207157C

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.

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.

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 ...