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From bankruptcy to riches, Phil Drake builds a business empire
Drake's rags-to-riches, Horatio Alger Jr.- type tale takes something of an odd turn in 1981, when shortly before the age of 30 he plunged into bankruptcy. Drake, a proponent of small government who has spoken at area Tea Party venues, was forced to
Updated: 09/14/2011 11:01A
Goodnight Starlight?
14, 2011 “I tried to rescue the Starlight Bowl because I saw the amazing potential a venue like that had,” says Chris Leyva after learning that managers of the 4000-plus seat amphitheater had recently filed bankruptcy. “I wanted to see it become like a
Updated: 09/14/2011 11:00A
Number of college graduates filing for bankruptcy on the rise
CNN Money reports 20% more college graduates filed for bankruptcy. They site research from the Institute for Financial Literacy which conducted a four year study that tracked those who find themselves in massive debts. The research shows that as
Updated: 09/14/2011 10:59A
WaMu Reorganization Plan Rejected Again
(Reuters)—Washington Mutual Inc.'s plan to pay more than $7 billion to creditors and exit bankruptcy was rejected for a second time by a judge who ordered the warring parties into mediation, according to a Tuesday [Sept. 13] ruling.
Updated: 09/14/2011 10:53A
Report: Stars bankruptcy filing will lead to auction
According to reports, the Dallas Stars will file for bankruptcy and sell the club at an auction. Bloomberg reported on Wednesday that owner Tom Hicks' plan to file for bankruptcy -- as early as Wednesday -- as a means to start the auction process has
Updated: 09/14/2011 10:51A
Bangladesh Petroleum Corporation Getting Bankrupt
Bangladesh Petroleum Corporation responsible for import and marketing of Petroleum Products in Bangladesh is gradually sliding into bankruptcy. Wrong vision and flawed policy of the Ministry of Power, Energy and Mineral resources is increasing its debt
Updated: 09/14/2011 10:49A
M ore FairPoint cuts possible?
Embarrassingly for FairPoint, as it reassured the public that its job cuts would not affect its performance, Internet service in Nashua and other parts of southern New Hampshire was cut for up to a day because a construction crew sliced through
Updated: 09/14/2011 10:47A
CIT To Begin Accepting Online Deposits
"We have opened the Internet funding capability up to our own employees," Thain said at a Barclays Capital conference in New York. The option will be "up and running shortly" for customers. The move is part of the New York-based lender's efforts to
Updated: 09/14/2011 10:46A
Geothermal Investors Want Additional Government Guarantees
The finance ministry then issued a ruling that would back PLN's financial condition should PLN face bankruptcy. But investors aren't satisfied with the decrees and want a promise that PLN will buy geothermal energy in any price, said Saunusi Satar,
Updated: 09/14/2011 10:43A
Phelps Road School property in Amherst County in limbo
Three years later, with Dennis Gibbs facing bankruptcy, the school is listed for sale at $250000. The agreement between the county and Gibbs, of Castro Valley, Calif., also maintained that if no restoration work was being done, ownership of the
Updated: 09/14/2011 10:42A
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