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Fall special: solar companies for sale
SpectraWatt, which filed for bankruptcy last month, plans to hold a live auction of its silicon solar factory and equipment in New York on Sept. 28, an auctioneer said Wednesday. SpectraWatt won't be the only one. California-based Solyndra, which filed
Updated: 09/07/2011 06:03P
MPH backers allowed to remain free without posting bond
Both men were subsequently released on their own recognizance, pending an appearance for formal arraignment on seven counts each of failing to render payroll taxes to the government for employees of Highland Medical Center in Lubbock, and one count
Updated: 09/07/2011 06:00P
Cerberus-Owned Paper Maker Files for Chapter 11
NewPage Corp., the biggest maker of magazine paper in North America, filed for bankruptcy protection Wednesday, succumbing to falling demand as advertisers and readers move online. Competition from Europe and Asia and rising costs for pulp,
Updated: 09/07/2011 05:59P
Companies Exiting Bankruptcy Up for Grabs
As the economy recovers, many companies are exiting bankruptcy. Some of these companies have been bought over by hedge funds (partly or entirely) who are now keen in making some ROI. Hedge funds like Paulson & Co, Avenue Capital and Silver Point
Updated: 09/07/2011 05:57P
Capitol Alert: California local governments score win in duel over bankruptcy
As now written, AB 506 would allow a city or other local government to declare bankruptcy without state permission if it goes through a "neutral evaluation process" of its finances or declares a "fiscal emergency" after a public hearing.
Updated: 09/07/2011 05:50P
S&P cuts NewPage ratings after bankruptcy filing
The moves follow the paper producer's filing for Chapter 11 bankruptcy court protection in a Delaware court earlier in the day. The privately held company said it will restructure and expects to continue operating its US business as usual.
Updated: 09/07/2011 05:49P
Saab Automobile applies for volontary reorganisation
If this is accepted, it will put a stop the threat of bankruptcy, foreclosures and other demands. In the application to the district court of Vrnersborg, which also apply for Saab Powertrain and Saab Tools, the company asks for a three-month respite.
Updated: 09/07/2011 05:43P
California local governments score win in duel over bankruptcy
As now written, AB 506 would allow a city or other local government to declare bankruptcy without state permission if it goes through a "neutral evaluation process" of its finances or declares a "fiscal emergency" after a public hearing.
Updated: 09/07/2011 05:40P
Email letters, Sept. 7, 2011
One only needs to look at page 176 of the recently published United States Proposed 2012 Budget to understand that our nation is on a bullet train headed to the land of bankruptcy. The budget reveals mandatory entitlement spending now exceeds all
Updated: 09/07/2011 05:39P
Cerberus-Owned Paper Maker Files For Bankruptcy, Saves Some Money On Taxes
A 2005-vintage leveraged buyout company crushed by an unsustainable debt load and operational failure is a good excuse to mention a neat paper posted today on Harvard Law School's Forum on Corporate Governance and Financial Regulation.
Updated: 09/07/2011 05:36P
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