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Can Saab Automobile overcome its latest funding problems?
The filing, lodged with the district court in Vanersborg, isn't unexpected: labor unions representing employees at Saab Automobile who weren't paid last month Wednesday were due to consider forcing the company into bankruptcy proceedings so that
Updated: 09/07/2011 07:50A
Saab, Swedish Carmaker, Files For Bankruptcy Protection
STOCKHOLM - The owner of cash-strapped car maker Saab filed for bankruptcy protection on Wednesday in a last-ditch attempt to salvage a brand crippled by production stoppages, withheld salary payments and mounting debt. Swedish Automobile, formerly
Updated: 09/07/2011 07:47A
InCharge Debt Solutions Showcases Bankruptcy Services at Hudson Valley
7, 2011 /PRNewswire via COMTEX/ -- Orlando-based nonprofit's financial counseling services shown to legal professionals at September 9, 2011 event in Hyde Park, New York InCharge Debt Solutions ("InCharge") will be showcasing its Pre-Filing Credit
Updated: 09/07/2011 07:47A
Morgan Stanley names General Motors as no. 1 automotive stock pick
Post-bankruptcy GM is getting rid of debt and holding onto cash and says it will decide what to do with some of its $33.8 billion once the economy stabilizes. GM Chief Financial Officer Dan Ammann said that any payments to its pension fund or
Updated: 09/07/2011 07:46A
149 Frost Brown Todd Attorneys Recognized in Best Lawyers® 2012 Edition
Tax Law John S. Egan – Bankruptcy and Creditor Debtor Rights Law/ Insolvency and Reorganization Law; Litigation – Bankruptcy; Public Finance Law James A. Giesel – Banking and Finance Law; Corporate Law; Securities/ Capital Markets Law;
Updated: 09/07/2011 07:45A
Saab Seeks Court Protection From Creditors
By DEALBOOK While the Swedish carmaker Saab waits for planned investments from Chinese companies to materialize, it headed off a legal challenge from unions that could have required the break-up of the company, The New York Times reports.
Updated: 09/07/2011 07:40A
News Analysis: In EuroZone Banking Fear Feeds on Itself
By DEALBOOK The greatest fear is that one of Europe's major banks may fail, setting off a panic like the one sparked by Lehman's bankruptcy in 2008, according to New York Times's Landon Thomas Jr. and Nelson Schwartz. Read more » The filing by the
Updated: 09/07/2011 07:39A
Saab: how are UK customers affected?
Saab GB says it is unaffected by this morning's announcement that Saab Automobiles has filed for bankruptcy protection in Sweden, and has moved to reassure UK buyers that it will continue 'as normal'. 'Saab GB and its dealer network will continue to
Updated: 09/07/2011 07:38A
Tax Implications of Bankruptcy, Canceled Debt, and Short Sales
Filing for bankruptcy, negotiating with a credit card company, and orchestrating a short sale on property are growing more and more common in today's world. The process of bankruptcy and a short sale are hard enough, but did you know that there could
Updated: 09/07/2011 07:36A
US RICO Law Can't Be Applied Abroad, Madoff Judge Says
7 (Bloomberg) -- A US judge who is reviewing the Bernard Madoff trustee's $59 billion anti-racketeering lawsuit against Italy's UniCredit SpA and Austrian Sonja Kohn said “it is now settled law that RICO cannot be applied extraterritorially.
Updated: 09/07/2011 07:34A
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