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Search is on for Solyndra buyers
Solyndra officially filed for Chapter 11 bankruptcy this week, across the country in debtor-friendly Delaware. In coming days, all eyes will be on a potential buyer for the Fremont-based solar company. In court filings, executives said they hope to
Updated: 09/09/2011 07:16A
Taxman gets tougher on sole traders who fail
Advisors at Wedlake Bell say that the number of failed sole traders with unpaid tax bills who subsequently receive Bankruptcy Restriction Orders (BROs) is growing by more than 21 per cent. A BRO is a court order that restricts a person's access to
Updated: 09/09/2011 06:53A
Official: Saab will appeal against Court
Swedish Automobile NV, the owner of the 64-year-old Saab car brand, said Friday it aims to submit on Monday an appeal against a court ruling that rejected Saab's proposal for bankruptcy protection. Swedish Automobile NV (Swan) announces that Saab
Updated: 09/09/2011 06:48A
Saab to appeal creditor protection rejection
Saab will submit on Monday an appeal against a Swedish court's rejection of its request for protection against bankruptcy, the parent company Swedish Automobile announced. "Swedish Automobile announces that Saab ... aims to submit their appeal on the
Updated: 09/09/2011 06:46A
Saab to fight bankruptcy protection ruling
Swedish carmaker Saab, struggling to fend off a final collapse after a months-long cash shortage, is to appeal against a court decision which has opened the way for its labour unions and suppliers to seek its bankruptcy, it said on Friday.
Updated: 09/09/2011 06:41A
Saab says to fight on for bankruptcy protection
Meanwhile workers are still waiting to get their pay for August and unions have the right to seek bankruptcy if they want to activate a state scheme to pay the salaries instead. In Sweden skepticism is now high about the chances of survival for Saab,
Updated: 09/09/2011 06:41A
Philadelphia Orchestra / Dutoit - review
Just a few months ago the Philadelphia Orchestra was in the news for all the wrong reasons, having just filed for bankruptcy. Last night, though, the orchestra was at the Proms thanks to the sponsorship of something called the
Updated: 09/09/2011 06:35A
Inner City accepts the "order for relief" of its creditors
But they now agree the process will take place in US Bankruptcy Judge Shelley Chapman's courtroom in New York. From yesterday's filing we learn the identities of the 30 largest unsecured creditors, starting with the Skadden Arps law firm ($791571) and
Updated: 09/09/2011 06:31A
Government fights back against Saab criticism
Sweden's Enterprise Ministry has defended its actions in the wake of Saab's failure to secure bankruptcy protection, but concedes it is worried about the impact on employment prospects should the automaker go under. Saab CEO Victor Muller criticised
Updated: 09/09/2011 06:28A
In Depth: Solyndra's plight is easy fodder for Obama critics
“President Obama's signature green jobs program went from a darling of the administration, to bankruptcy, to now the subject of an FBI raid in a matter of days.” “Don't Let Obama 'Solyndra' Us With $300 Billion Stimulus,” screams a headline on Halt the
Updated: 09/09/2011 06:22A
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