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Stars sale heads into bankruptcy court
The Stars filed for bankruptcy with a Delaware court this evening. The filing kicks off a process that should have a new owner in place for the club within about 60 days. “This is a significant step toward completing the transition in ownership,” Stars
Updated: 09/15/2011 07:31P
Netherlands Claims Greece Will Go Bankrupt
According to the Dutch news program RTL Nieuws, the Ministry of Finance announced that Greece is not in the position to avoid bankruptcy. The Dutch government noted that bankruptcy is a matter of time and the question is not the exact date but how this
Updated: 09/15/2011 07:31P
Troubles for "Troubleshooter" Tom Martino - he files for bankruptcy
The Denver Post reports that Martino was unable to finance short-term real estate loans, and the value of properties he owned plummeted during the recession. Martino tells the newspaper, "There are so many people in this same boat.
Updated: 09/15/2011 07:15P
Stock Market Parties! (SPY, DIA, IWM)
Ironically, this global action came on the third anniversary of the Lehman Brothers bankruptcy, the largest bankruptcy on record and one of the catalysts of the ongoing financial crisis. However, the bond market didn't join the party as Greek debt
Updated: 09/15/2011 07:14P
Ga. man accused of defrauding K-State, others
Dale Brannan, 65, was arraigned Wednesday and faces federal charges of bank fraud, mail fraud, bankruptcy fraud and making a false declaration in a bankruptcy filing. He was indicted on Tuesday.
Updated: 09/15/2011 07:03P
Dallas Stars Sale Update: Bankruptcy Filing Underway
After a day of will-they-or-won't-they, the Dallas Stars have filed for bankruptcy in Delaware according to Mark Stepneski on Twitter. Today's filing culminates months of cooperative effort by the League, the Club, the Club's lenders and Dallas Arena
Updated: 09/15/2011 07:02P
Stars release on sale, bankruptcy
Here's the Dallas Stars release on the proposed sale to Vancouver businessman Tom Gaglardi and today's bankruptcy filing in Delaware. The current owner of the Dallas Stars National Hockey League Club, Dallas Stars, LP, announced today
Updated: 09/15/2011 07:01P
Debt Showdown in Alabama
"When bondholders feel they need to come to the table and give up so much, that suggests that Chapter 9 can be used effectively as leverage," said David Skeel, a University of Pennsylvania law professor who studies municipal bankruptcy.
Updated: 09/15/2011 07:00P
Solyndra-gate and the reality of Green investment
I went on KPCC's AirTalk with Larry Mantle this morning to talk about the Solyndra bankruptcy and what's turning into something of a scandal. This was hot on the heels of the Atlantic's Megan McArdle and Reason's Tim Cavanaugh going after not just the
Updated: 09/15/2011 06:59P
Borders' intellectual property goes for $15.8 million
Ten bidders participated in the proceedings, including booksellers, major publishing companies and Internet-only retailers. The auction included more than 50 rounds of bidding before the winning bidders emerged, says Streambank LLC,
Updated: 09/15/2011 06:59P
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