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Survey: Bankruptcies Rising Among High Earning College Grads
No one is immune from bankruptcy. That's the message of a national survey released today by a South-Portland-based financial nonprofit. High-earners and college graduates are among the fastest-growing group of debtors filing for bankruptcy,
Updated: 09/13/2011 05:54P
Mastro's bankruptcy attorney withdraws from case
The law firm representing missing real estate developer Michael R. Mastro in his contentious bankruptcy yesterday withdrew as his legal counsel. Tom Bucknell, Jerry Stehlik and Edwin Sato of the Seattle law firm Bucknell Stehlik Sato & Stubner had
Updated: 09/13/2011 05:50P
Who's next?
No matter your categorization of the country's financial ability, it's still tantamount to bankruptcy. The issues in Greece remind us of the bailout of GM several years ago. The market doubts the European Union will allow Greece to go bankrupt,
Updated: 09/13/2011 05:38P
IMF: Portugal to get more bailout funds
Portugal asked for a rescue earlier this year as it slid towards bankruptcy and stoked investor fears about the wider eurozone's fiscal problems. Its European partners and the International Monetary Fund agreed to lend it money on condition it met a
Updated: 09/13/2011 05:28P
GOP Probes Now-Bankrupt Solar Company That Obama Once Touted
In addition to raiding the company's headquarters, the FBI also interviewed Solyndra executives at their home following the company's bankruptcy announcement. The FBI has not said what the investigation is focused on but it is widely believed to be
Updated: 09/13/2011 05:22P
Crystal Cathedral sale plan heads to court
A hearing in bankruptcy court is expected to be held Wednesday morning where the creditor committee's plan to move forward with the sale is expected to be approved by the judge. The creditors committee has not yet stated which plan it favors. 50% off!
Updated: 09/13/2011 05:22P
Supervisors Authorize Lawsuit to Recover $48 million
The board's action is the latest twist in the drama unfolding as a result of the 2005 bankruptcy refinancing that left the county without legislative authorization for the $48 million, which came from vehicle license fee revenue.
Updated: 09/13/2011 05:18P
Solyndra Failure Is Seen Blunting Obama Drive to Aid Clean-Energy Startups
31, then filed for bankruptcy protection on Sept. 6. The House Energy and Commerce Committee has scheduled a hearing tomorrow on the award and the Federal Bureau of Investigation raided the company's Fremont, California, offices two days after the
Updated: 09/13/2011 05:16P
Long Grove man sentenced for $3 million fraud
Schmitz, who has remained in custody since he was arrested and charged in May 2010, pleaded guilty to mail fraud in September 2010. The sentence was announced by Patrick J. Fitzgerald, US attorney for the Northern District of Illinois, and Thomas P.
Updated: 09/13/2011 05:16P
Congressional Investigator: More Solar Bankruptcies to Come
The program, which guaranteed a $535 million loan to Solyndra before the company declared bankruptcy last week, still has $8-10 billion in authorized funding that has yet to be spent. Rep. Cliff Stearns (R-FL), who chairs the House Energy and Commerce
Updated: 09/13/2011 05:10P
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