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Premier says paper mill still viable
On Tuesday, Ohio-based mill owner NewPage Corp. filed for creditor protection in Canada and bankruptcy protection in United States. According to court documents, the Port Hawkesbury mill lost $50 million in the past year. The court fillings also state
Updated: 09/07/2011 09:27P
Mill lost $50M in past year: affidavit
The affidavit of Tor Suther was filed with the Nova Scotia Supreme Court in Halifax Tuesday as the company seeks protection from creditors under the Companies' Creditors Arrangement Act. Its parent company also filed for Chapter 11 bankruptcy
Updated: 09/07/2011 09:23P
Bay Biz Buzz: Solyndra, Yahoo, Chevron, InnoDisk USA, Right Hemisphere
Fremont-based Solyndra wouldn't say Wednesday whether the bankrupt solar company's operations would remain in the United States if it found a buyer for its business. Solyndra's chief financial officer, WG Stover, wouldn't identify the two companies
Updated: 09/07/2011 09:21P
Saab Files For Voluntary Reorganisation, Court Protection From Creditors
In a bid to raise funds, restart production and avoid a union-led bankruptcy petition, Saab announced today that it has applied for Voluntary Reorganisation with the District Court in Vanesborg, Sweden. Call it dj vu or inevitability,
Updated: 09/07/2011 09:18P
Papermaker Owned by Cerberus Files for Bankruptcy
The NewPage filing is the second recent prominent legal case involving Cerberus, the New York investment firm that had ill-fated investments in GMAC and Chrysler. Last month, Cerberus was sued by Innkeepers USA Trust after it backed out of its $1.1
Updated: 09/07/2011 09:17P
Mission Chrysler land sale on tap
A lawyer for 35 North Property, which owns Mission's land and building, asked a federal bankruptcy judge to dismiss the company's Chapter 11 bankruptcy to facilitate a quick sale. Only the land and building were part of the bankruptcy.
Updated: 09/07/2011 09:04P
Nails Pleads Not Guilty
The 48-year-old former All-Star has been jailed since June in lieu of $455000 bail on car theft and drug possession charges. He also faces bankruptcy fraud charges. A pretrial hearing is scheduled Oct. 5 on the indecent exposure misdemeanor charges.
Updated: 09/07/2011 09:00P
Ruling could snarl courts
Tom Ice is a principal of Ice Legal, a foreclosure and bankruptcy law firm in Royal Palm Beach, who represented the homeowner in this matter. By Kimberly Miller In a decision that could have staggering implications on foreclosure proceedings statewide,
Updated: 09/07/2011 08:57P
5 shirts to fight work gloom
Intended meaning: "I'm worried about my job security now that the company has filed for bankruptcy." Getting Wasted Is My Job And Business Is Good! Intended meaning: "I could be your Don Draper if you'd just give me the chance. And the whiskey.
Updated: 09/07/2011 08:53P
Dykstra pleads not guilty to indecent exposure
responded to ads for personal assistants and housekeepers between 2009 and 2011. The 48-year-old former baseball star has been jailed since June in lieu of $455000 bail on car theft and drug possession charges. He also faces bankruptcy fraud charges.
Updated: 09/07/2011 08:50P
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