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NewPage announces filing of Chapter 11 in US, protection from creditors in Canada
The US case is pending in the United States Bankruptcy Court for the District of Delaware. The company's Consolidated Water Power Company subsidiary is not part of the filing. In order to maximize efficiency in both the US and Canadian Court processes,
Updated: 09/07/2011 07:02A
WELLS FARGO BANK v. BURNHAM
Defendant contends that the court erred in denying the stay because his bankruptcy discharge under Chapter 7 1 effectively voided plaintiff Wells Fargo Bank's in personam foreclosure judgment. We disagree and affirm. The facts are straightforward.
Updated: 09/07/2011 07:00A
Saab Files for Bankruptcy Protection; Automotive Industry Today Provides
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Updated: 09/07/2011 06:56A
OUR VIEW: The county can't be mulish on Gov. Robert Bentley's position, but we
And, he is threatening the stick -- the punishment of not calling a special session if the county opts for bankruptcy instead. Here's the deal, according to Bentley's chief of staff, David Perry: If county commissioners reach a settlement with
Updated: 09/07/2011 06:49A
RPT-UPDATE 2-Saab files for bankruptcy protection
By Gilbert Kreijger AMSTERDAM, Sept 7 (Reuters) - Ailing Swedish carmaker Saab sought breathing space from creditors on Wednesday, filing with a local court for bankruptcy protection through a "voluntary reorganisation" while it continues to wait for
Updated: 09/07/2011 06:47A
U.S. RICO Law Can't Be Applied Abroad, Madoff Judge Says in UniCredit Suit
US District Judge Jed Rakoff, explaining an earlier decision to take over consideration of the issue from a bankruptcy judge, said he would determine “the precise contours” of the Racketeer Influenced and Corrupt Organizations Act and how it was used
Updated: 09/07/2011 06:47A
[Professional Blog] Rick's Rants Wednesday September 7th/2011
It was after 6 last evening when Premier Darrell Dexter announced the NewPage Port Hawkesbury mill has filed for bankruptcy protection. The premier insists the government is doing everything it can to find a buyer for the mill, suggesting the province
Updated: 09/07/2011 06:34A
Saab on the brink of collapse
Chief executive Victor Muller said: “We have concluded that a voluntary reorganisation process will provide us with the necessary time, protection and stabilisation of the business.” This would allow “salary payments to be made, short-term funding to
Updated: 09/07/2011 06:34A
Swedish auto maker Saab files for bankruptcy protection
7 (Xinhua) -- Swedish automaker Saab Automobile on Wednesday filed for bankruptcy protection as part of its attempts to reorganize its businesses. According to a statement from the Swedish Automobile, owner of Saab, the automaker sent its
Updated: 09/07/2011 06:33A
Struggling Saab Files for Bankruptcy
The company filed for bankruptcy after years of struggle to regain a market and find funding to manufacture its cars. Despite future plans, the car firm is almost certainly dead. Parent Swedish Automobile NV hopes the bankruptcy, filed in Sweden,
Updated: 09/07/2011 06:31A
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