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Defunct Law Firm Sues Toy Maker Wham-O
Heller Ehrman Thursday launched a lawsuit against Wham-O, targeting a lingering claim in its bankruptcy case and unpaid legal expenses. It said it's owed $2.27 million in legal fees and is also facing down a “meritless” claim from Wham-O,
Updated: 09/06/2011 12:36P
Chris Whalen: Bank Of America Should Declare Bankruptcy
At least, says Whalen, if the bank files for bankruptcy, it can be saved. "...we're not going to take the bank down. Bank of America is not going to close. I have all my money in Bank of America, my company, my personal accounts are all at Bank of
Updated: 09/06/2011 12:35P
Doral Golf Resort Owner Agrees to $170 Million Property Sale
The Doral, which was put into bankruptcy, was then put up for sale. The $170 million bid is subject to higher offers at an auction, according to a Sept. 2 court filing in US Bankruptcy Court in Manhattan. Edward Sassower, a lawyer for the resorts,
Updated: 09/06/2011 12:27P
6 New York Hospitals Face Possible Cut Backs, Closures
Westchester Square Medical Center in the Bronx, which is currently in bankruptcy protection, was on the verge of closing before state officials declared its services were needed in the area. In 2009 alone, the hospital reported an $18 million loss.
Updated: 09/06/2011 12:27P
Solyndra files for bankruptcy, listing nearly $784 million in debt
The company, which received $535 million in loan guarantees from the federal Energy Department and $1.1 billion from private venture capitalists, says it will scout for a buyer in the coming weeks. If it can't find a buyer, it will then attempt to sell
Updated: 09/06/2011 12:26P
The Mortgage Crisis, MERS, and Chapter 13
This article explores this crisis within the context of bankruptcy by examining sub-prime lending, mortgage securitization, MERS, and the situations that the US Bankruptcy courts and trustees have dealth with the fallout of the mortgage crisis first
Updated: 09/06/2011 12:25P
Solyndra files for bankruptcy, seeks buyer
Solyndra received a $535 million loan from the US government has announced layoffs of 1100 workers and plans to file for bankruptcy. (AP Photo/Alex Brandon, File) Solyndra LLC, a solar-panel maker whose $535 million federal loan guarantee was
Updated: 09/06/2011 12:23P
Broke Solyndra owes Schott $7.7 million
In another of its filings to the bankruptcy court, Solyndra said that it was now seeking an emergency $4 million “Debtor in Possession” (DIP) loan from an entity to be set up by Argonaut Ventures and Madrone Partners – two of the company's major
Updated: 09/06/2011 12:16P
ADM to buy 10 grain elevators in state
Olsen's went into bankruptcy two years ago due to its partial ownership of the financially-troubled Renew Energy ethanol plant in Jefferson. The lead creditor, the French bank BNP Paribas, objected to a court-approved sale of the mills to two
Updated: 09/06/2011 12:08P
Solyndra Enters Bankruptcy, Seeks Buyer
30, when a bridge loan fell through, forcing a shutdown. Solyndra, based in Fremont, Calif., has lined up $4 million worth of bankruptcy financing while it looks for a buyer or liquidates, court papers say. Existing stakeholders Argonaut Ventures I LLC
Updated: 09/06/2011 12:05P
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