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Drowning in Student Loan Debt?
According to bankruptcy law, student loan debt cannot be liquidated under Chapter 7 or consolidated under Chapter 13. Both require public and private student loan debt be paid in full, unlike their provisions for mortgages, credit card, and consumer.
Updated: 09/08/2011 04:54A
William Blair, Hilco Slicing Up Giordano's Sites
Giordano's, a casual dining concept best known for its "World Famous Chicago Stuffed Pizza," filed for Chapter 11 bankruptcy relief in February 2011. William Blair & Co. and Hilco Real Estate were retained to advise the debtors.
Updated: 09/08/2011 04:32A
Innkeepers USA Asks Bankruptcy Court To Level Millions in Damages over
Innkeepers USA Trust and its affiliates filed a complaint with US Bankruptcy Court for the Southern District of New York against Cerberus Series Four Holdings LLC, Chatham Lodging Trust and other related defendants for breach of
Updated: 09/08/2011 04:30A
Paper producer files for Chapter 11
Paper - NewPage Corp., the biggest maker of magazine paper in North America, filed for bankruptcy on Wednesday, succumbing to falling demand and rising costs. NewPage, owned by Cerberus Capital Management, has been trying to restructure its $4.2
Updated: 09/08/2011 04:28A
Blockbuster set to clear out stock
Blockbuster Canada Co., a unit of Blockbuster Inc., had filed for protection from a New York bankruptcy court in May, a month after its US parent was acquired by Dish Network for $320 million. Blockbuster Canada's operations, which have been hit by
Updated: 09/08/2011 04:28A
Saab seeks creditor protection
Autos - Sweden's Saab sought court protection from creditors on Wednesday to avoid being pushed into bankruptcy in a worsening of a crisis which it hopes will be solved by Chinese investment. Saab's Dutch owner Swedish Automobile, whose shares were
Updated: 09/08/2011 04:28A
A 'Green' Company Fails
And now that Solyndra's demise is a reality, a number of reports have indicated that Obama will propose additional “investments” in “clean energy” technology (“green” is so 2008) in his jobs speech today. Speaking at the Clean Energy Summit in Las
Updated: 09/08/2011 04:06A
Wilpon sees clawback curve
It's another strike for Mets owner Fred Wilpon in his battle against a $1 billion clawback suit brought by the bankruptcy trustee for Bernie Madoff victims. Last week, a Manhattan federal judge quietly issued a ruling in a related
Updated: 09/08/2011 04:02A
Hands grasping at straws -- and EMI
EMI was placed into administration, the British equivalent of bankruptcy, by accounting firm PricewaterhouseCoopers after Terra Firma ran into financial trouble. The bank, which had loaned funds to Hands to buy EMI in 2007, then repossessed the iconic
Updated: 09/08/2011 04:02A
Dynegy Bondholder Losses Deepen as Debt Exchange Looms: Corporate Finance
Dynegy Inc. (DYN)'s bondholders, who suffered a 17 percent loss since the beginning of the year, may face more punishment as the company heads toward purchasing its outstanding debt for
Updated: 09/08/2011 04:02A
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