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The Most Drastic Solution Suggested Yet To Solve Top Firm's Woes
The answer, according to Whalen, is to call in a receiver and enter a voluntary bankruptcy. What emerges, just like GM, is a business, free from the legacy of the sins of the past, that has a chance to emerge a winner in the challenging post financial
Updated: 09/12/2011 10:24A
Five key points for franchisors to know when its franchisee files for bankruptcy
What happens if a franchisee files for bankruptcy? A franchise agreement that is in effect at the time a bankruptcy case is filed is generally deemed to be an “executory contract.” An “executory contract” is typically understood as a contract where
Updated: 09/12/2011 10:20A
Merkel coalition toughens tone on Greek bailout
A top Merkel aide signalled the chancellor's support for the leaders of her two centre-right coalition partners, after they spoke publicly on the option of Greece departing from the currency bloc or carrying out an orderly bankruptcy.
Updated: 09/12/2011 10:19A
Adrienne Maloof: Beverly HIlls Housewife to file bankruptcy?
She's already cut shopping trips and reduced the family's household staff. Just last week on Real Housewives of Beverly Hills, Adrienne hosted a party for the ladies at her home. Is she now headed for bankruptcy? Scroll down and post your opinion
Updated: 09/12/2011 10:18A
Saab workers launch bankruptcy action against troubled car manufacturer
TWO SWEDISH TRADE unions filed bankruptcy petitions today against Saab Automobile, pressuring the troubled carmaker to present a viable funding solution or face collapse within weeks. Saab has struggled financially since General Motors Co sold it in
Updated: 09/12/2011 10:18A
Righthaven Strategy Called a “Dumb Idea” By Denver Post Publisher
They may even have to file for bankruptcy after having to pay over $34000 in fines. Now even MediaNews Group, which has employed Righthaven's services in relation to its newspapers like the Denver Post (it has about 50 of them) is saying the whole
Updated: 09/12/2011 10:17A
New property tax as Greece flirts with default
The Socialist government is struggling to ensure the continuation of international rescue loans to keep the country from spiralling into bankruptcy. European Union and International Monetary Fund auditors are expected in Athens in coming days to check
Updated: 09/12/2011 10:12A
Winston & Strawn Hires Ex-Howrey Chairman Ruyak
His move to the firm that he and others within Howrey once hoped would rescue them from insolvency comes as the Howrey estate continues to wind down its affairs in federal bankruptcy court. Winston chairman Dan Webb says that adding the former Howrey
Updated: 09/12/2011 10:11A
Kaiser grants $4.2M to keep Doctors Medical Center afloat
Doctors Medical Center in San Pablo, which emerged from bankruptcy in 2008, is nearly insolvent again and just received a $4.2 million emergency cash transfusion from Kaiser Permanente to avoid running out of cash next month. That's the story reported
Updated: 09/12/2011 10:07A
Saab Auto Union Unionen Submits Application For Saab Auto Bankruptcy
STOCKHOLM (Dow Jones)--Swedish labour union Unionen, representing about 1000 unpaid employees at troubled Swedish car maker Saab Automobile AB, submitted an application for Saab Automobile's bankruptcy Monday as its members still haven't received their
Updated: 09/12/2011 10:05A
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