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Inner City Media Corporation Reaches Agreement on Pre-Negotiated Financial
general unsecured claims, subject to confirmatory due diligence by the senior lenders. The Company expects to emerge from bankruptcy protection by the end of 2011 and looks forward to working with the senior lenders in its emergence from bankruptcy.
Updated: 09/13/2011 10:38A
Republicans Say DOE Had Multiple Signs That Solyndra Was Failing
Solyndra received a $535 million federal loan in 2009 to build a solar-manufacturing plant in California, but the company collapsed suddenly two weeks ago, igniting criticism of the White House's clean energy plan. The Republicans' memo previews how
Updated: 09/13/2011 10:33A
Court sets Saab bankruptcy hearing for 26 Septembe
A Swedish Court has set the application by two of Saab's unions to declare the automaker bankrupt for 26 September. The Unionen and Ledarnea labour bodies filed applications on behalf of their employees yesterday (12 September) as they battle to
Updated: 09/13/2011 10:33A
SWEDEN: Court sets Saab bankruptcy hearing for 26 September
A Swedish Court has set the application by two of Saab's unions to declare the automaker bankrupt for 26 September. The Unionen and Ledarnea labour bodies filed applications on behalf of their employees yesterday (12 September) as they battle to
Updated: 09/13/2011 10:31A
Greek bankruptcy would trigger domino effect across Europe
However, never before has a country within a monetary union been threatened with bankruptcy. In Greece's case, a monetary union where other countries are also seriously in debt, and where a rescue package for 110 billion euros has not been enough to
Updated: 09/13/2011 10:28A
Bankrupt gets 12-month prison sentence for disposal of assets
Mukhesh Girdharlal Vagharia, a bankrupt, has been sentenced by Leicester Crown Court to 12 months imprisonment after pleading guilty to two counts of fraudulently removing property before and after his bankruptcy. Mr Vagharia's conviction follows an
Updated: 09/13/2011 10:21A
Wealthy Calif. cities help Bell out of financial mess
7:04 am | AP Prosperous California cities including Santa Monica and Beverly Hills, are helping corruption-plagued Bell recover from the brink of bankruptcy by providing free administrative aid to the southeast LA city. The cash-strapped, working-class
Updated: 09/13/2011 10:20A
Next Washington Debacle: The Broke Postal Service
No matter how disgusted Americans get with their elected officials in Washington, the mail, at least, usually arrives on time. But Congress may soon foul that up, too. The US Postal Service is in such dire financial condition that if it were a regular
Updated: 09/13/2011 10:17A
Fertitta Treasurer Accused Of Lying In Energy-Drink Case
I was the Southwest Bureau manager for Forbes in Houston from 1999 to 2003, when I returned home to Connecticut for a Knight fellowship at Yale Law School. Before that I worked for Bloomberg Business News in Houston and the late, great Dallas Times
Updated: 09/13/2011 10:16A
New Study Tracks Consumer Bankruptcy Filings
According to the institute's 2010 Annual Consumer Bankruptcy Demographics Report, which traces debtor data over the past five years, bankruptcy filings by consumers with college degrees were up 20% while bankruptcy filers earning incomes above $60000
Updated: 09/13/2011 10:13A
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