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US: Fiat CEO Marchionne becomes Chrysler chairman
Turin-based Fiat took over Chrysler in July after it repaid the US and Canadian governments 7.6 billion dollars in loans from the bailout that saved the Auburn Hills, Michigan company from all but certain bankruptcy. "Repaying our governments' loans
Updated: 09/07/2011 07:30A
Carmaker Saab files for bankruptcy protection
AMSTERDAM: 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 promised new investments from two
Updated: 09/07/2011 07:27A
Saab Automobile's Dj Vu Moment
Saab was fighting to stave off a certain death, facing bankruptcy and unable to pay creditors (including almost 10 billion kronor to GM and its tax bill to the Swedish government) while trying to survive in an industry in a downturn.
Updated: 09/07/2011 07:20A
IN RE KEELEY AND GRABANSKI LAND PARTNERSHIP
Debtor Keeley and Grabanski Land Partnership appeals from the Order of the Bankruptcy Court 1 appointing a trustee in its involuntary Chapter 11 case. For the reasons that follow, the Bankruptcy Court's Order is AFFIRMED. This appeal relates to one of
Updated: 09/07/2011 07:03A
IN RE SONNTAG
The United States Trustee (the "USTE") seeks to dismiss, for abuse, the Chapter 7 bankruptcy case of Thomas and Heather Sonntag (the "Debtors") pursuant to 11 USC § 707(b)(2) on the grounds that the Debtors improperly deducted secured debt expenses
Updated: 09/07/2011 07:03A
IN RE LIPPOLD
On May 16, 2011, the Debtor filed a voluntary petition under chapter 7 of the Bankruptcy Code (the "Petition"). (ECF Doc. #1.) The Debtor's schedules disclose $352617.00 in assets and $708237.75 in liabilities. Schedule D shows the Property is
Updated: 09/07/2011 07:03A
IN RE PIONEER AUSTIN EAST DEVELOPMENT I, LTD.
PIONEER AUSTIN EAST DEVELOPMENT IC, LTD. and LIBERTY BANKERS LIFE INSURANCE COMPANY, Third Party Defendants. PIONEER AUSTIN EAST DEVELOPMENT IC, LTD, Cross-Defendant. GRENCORP MANAGEMENT, INC. and PIONEER 40 LLC, Counter-Defendants.
Updated: 09/07/2011 07:03A
IN RE BECK
The following constitutes the Court's findings of fact and conclusions of law as mandated by Bankruptcy Rule 7052. Debtor filed for relief under chapter 7 of the Bankruptcy Code on June 8, 2010. The Debtor and Alexander Beck, Jr., the non-Debtor spouse
Updated: 09/07/2011 07:03A
IN RE THOMPSON
Pursuant to § 1325(a) of the Bankruptcy Code, the court must confirm the plan if the debtor demonstrates each of nine factors. The debtor having failed to convince the court of at least three, the plan cannot be confirmed. Section 1325(a)(3) requires
Updated: 09/07/2011 07:03A
IN RE McBRIDE
This case is before the Court on the Debtors' motion seeking to have Holmes Motors, Inc., show cause why it was not in violation of 11 USC § 362(a) of the Bankruptcy Code and, in conjunction with such a violation, why Holmes Motors, Inc. should not be
Updated: 09/07/2011 07:03A
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