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Saab Auto Shares Plunge After Creditor Protection Bid Fails
A Swedish court yesterday rejected Saab Automobile's petition for protection from creditors, increasing the risk that the carmaker is headed for bankruptcy as suppliers and workers seek the money they're owed. The Vaenersborg District Court ruled
Updated: 09/09/2011 08:16A
Learning How to Become Debt Free
One bad decision often leads to another, and another, and finally a downhill spiral that can end in five figures or more of credit card debt, collections agencies, and even bankruptcy. The good news is that, even though it may feel like it,
Updated: 09/09/2011 08:13A
Feds investigate solar firm's $535M loan
FREMONT — FBI agents executed search warrants Thursday at the headquarters of California solar panel manufacturer Solyndra, which received more than $500 million in federal loans before filing for bankruptcy last week. Blue-jacket-clad agents swarmed
Updated: 09/09/2011 08:10A
Saab union eyes bankruptcy push
However Saab's 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. Saab, rescued from closure just last year, has had its production
Updated: 09/09/2011 08:07A
Federal agents raid Minneapolis coin firm
Federal agents searched the Minneapolis offices of International Rarities Corp., seeking information into securities sales by the coin company. The Star Tribune, which has been reporting on the sometimes-sketchy world of coin-dealing for much of the
Updated: 09/09/2011 08:06A
Central Falls receiver voids police chief's contract
Receiver Robert G. Flanders Jr. filed papers in US Bankruptcy Court on Thursday morning outlining his decision to terminate the pact and eliminate nearly $10000 in benefits that Moran was scheduled to receive through Jan. 11, 2015.
Updated: 09/09/2011 08:06A
RI Lawyer McKenna: bankruptcy trustee filing is retaliatory
McKenna, 66, of Lincoln, filed for personal bankruptcy and for bankruptcy for his law firm in January 2010 in Chapter 11 reorganization proceedings. The court appointed trustees to oversee the cases. Trustees take legal title to the property of the
Updated: 09/09/2011 08:06A
Swedish Government Rejects Saab's Request For Bankruptcy Protection
It was just yesterday when we reported that Saab was seeking government protection against bankruptcy, but now it seems like this step has failed. A Swedish court has rejected a protection and voluntary reorganization plan, citing that it does not
Updated: 09/09/2011 08:04A
* Company to appeal court decision against creditor protection
However Saab's 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. Saab, rescued from closure just last year, has had its production
Updated: 09/09/2011 08:01A
Solyndra raid seen as criminal probe
Congressional leaders are demanding answers to similar questions, too, with a Harrison invited next week to revisit a House sub-committee where he had offered a rosy outlook for the solar company which sought Chapter 11 bankruptcy protection this week.
Updated: 09/09/2011 08:00A
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