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Not so fast: a bankruptcy discharge doesn't invalidate an otherwise valid non
According to a recent case decided by the Bankruptcy Court in the Northern District of California, two federal appellate courts have addressed this issue and both have held that “the non-competition agreement, to the extent enforceable under state law,
Updated: 09/05/2011 05:30A
HMRC takes tougher line on bankrupts
Wedlake Bell raised the issue businessmen are facing tougher sanctions from HMRC for their unpaid taxes, The Independent reports. In the last 12 months the Insolvency Service obtained 443 bankruptcy restrictions orders, (BROs) up 21% on the previous
Updated: 09/05/2011 05:07A
Insolvency firms go for broke
By Dana Verdes and Magda Purice With 96 percent of stricken companies choosing bankruptcy, The Diplomat-Bucharest analyzes the main hurdles in handling the reorganization process, and asks why bankruptcy is now a more popular choice than restructuring.
Updated: 09/05/2011 04:07A
Leo-Arthur Kelmenson, adman whose work helped save Chrysler, dies at 84
Before advertising executive Leo-Arthur Kelmenson could ignite the media blitz in 1979 that helped rescue Chrysler Corp. from bankruptcy, he had to persuade the auto company's president to serve as pitchman.
Updated: 09/05/2011 04:03A
Master P Sued
Now, the class has taken their case to the US Bankruptcy Court in LA -- hoping they can finally squeeze some cash out of the man who was once reported to be worth $600 million. The class wants the court to push P into bankruptcy so that an independent
Updated: 09/05/2011 03:36A
Bankruptcy Specialist Attorney Jeffrey B. Smith Announces Special Rates for
Chapter 7 bankruptcy, also called "straight" or "liquidation" bankruptcy, is so named because the law is contained in Chapter 7 of the federal Bankruptcy Code. Call Jeffrey B. Smith today to get all the information regarding Chapter 7 bankruptcy -- who
Updated: 09/05/2011 03:27A
Dish to launch Blockbuster subscription VoD service - report
Dish acquired almost all of Blockbuster's assets in April for USD 320 million out of bankruptcy. The company is trying to transform Blockbuster into a business that can compete online with Netflix, Amazon.com and Hulu. A spokesman for Dish declined to
Updated: 09/05/2011 03:17A
Books-A-Million to run 14 Borders
A judge has cleared Books-A-Million Inc. to take over 14 Borders Group Inc. stores that were slated for closure. Ann Arbor, Mich.-based Borders Group filed for bankruptcy protection in the US Bankruptcy Court in the Southern District of New York in
Updated: 09/05/2011 03:04A
GM CIO in interview: Protecting GM electronically is my top priority
After failing to stem a torrent of losses, GM filed for Chapter 11 bankruptcy in June, 2009, only to emerge one month later under the control of a new majority owner, the US government. With the help of a government cash injection, GM then embarked on
Updated: 09/05/2011 02:19A
GM CIO in interview: Protecting GM electronically is top priority
We make the right investments. Some things such as hard drive encryption are very simple. We use Wave software, an off the shelf product. We made a decision that every drive needs to be encrypted, even in the back office and the data centers.
Updated: 09/05/2011 02:19A
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