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Bankruptcy rises among college educated
13 (UPI) -- The number of US debtors with college educations filing for bankruptcy rose 20 percent in the past five years, a financial research group said. The Institute for Financial Literacy, a non-profit group based in Maine, found bankruptcy filers
Updated: 09/13/2011 04:07P
Drabinksy and Gottlieb's appeals denied
Drabinksy and Gottlieb were each convicted of two counts fraud and one count of forgery after new management of their theatre company, Livent Inc., discovered financial irregularities and the company filed for bankruptcy protection in 1998.
Updated: 09/13/2011 04:02P
Fate of Borders' St. Louis-area leases unclear
20 in US Bankruptcy Court in New York to finalize whatever leases have been sold. A spokeswoman for DJM Realty of New York, which is handling disposition of Borders' real estate, said she couldn't provide information on specific leases but confirmed
Updated: 09/13/2011 04:01P
Deb Shops Wins Court Approval to Sell Assets to Lenders
US Bankruptcy Judge Kevin Carey in Wilmington, Delaware, today approved the sale after Deb didn't receive any competing offers and canceled an Aug. 31 auction. Ableco Finance LLC, as the agent for lenders, offered fair and reasonable value for the
Updated: 09/13/2011 03:59P
Judge grants Central Falls filing delay
CENTRAL FALLS, RI -- A federal bankruptcy court judge granted Tuesday a request by the city's state-appointed receiver and two of the city's unions for a delay in filing briefs in the city's bankruptcy case, giving the participants time to try to reach
Updated: 09/13/2011 03:57P
Inquirer Cuts Jobs After Tablet Launch
Creditors bought the Philadelphia Inquirer, Philadelphia Daily News and Philly.com at a bankruptcy auction last year. The previous ownership group led by Brian Tierney bought the media company in 2006 for $562 million and had $390 million in debt when
Updated: 09/13/2011 03:56P
Saab near bankruptcy. Unions take bankruptcy action
A representative from one of the unions said he thought the bankruptcy process would take three to five weeks. “The request has been submitted because Unionen's members have still not received their August wages and the deadline Unionen has given Saab
Updated: 09/13/2011 03:54P
Donna Ballman: Potential Employees Beware: Some Employment Laws Hate Job Seekers
Although the Bankruptcy Code says: "No private employer may terminate the employment of, or discriminate with respect to employment against, an individual who is or has been a debtor under this title, a debtor or bankrupt under the Bankruptcy Act,
Updated: 09/13/2011 03:52P
10-yr Treasurys fetch record low yield at auction
AP WASHINGTON -- The Treasury Department has auctioned ten-year notes at a record low yield as Europe's financial problems feed demand for lower-risk investments. Treasury sold $21 billion of notes at a yield of 2 percent Tuesday.
Updated: 09/13/2011 03:51P
Merkel urges caution‚ calm over Greece crisis
BERLIN: German Chancellor Angela Merkel on Tuesday sought to ease fears over a possible Greek bankruptcy, saying the 17-country eurozone had to stick together and that an “uncontrolled insolvency” must be avoided. “The top priority is to avoid an
Updated: 09/13/2011 03:41P
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