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CIT Group shopping its $1bn commercial loan portfolio
CIT Group is looking to rid itself of a $1bn commercial loan portfolio as part of an ongoing effort to right its ship after emerging from bankruptcy protection in late 2009, said people familiar with the situation. Are you a registered Financial News
Updated: 09/16/2011 08:45A
Vancouver Businessman to buy Stars
DALLAS — The Dallas Stars signed an agreement to sell the team to Vancouver businessman Tom Gaglardi and filed a prepackaged bankruptcy plan Thursday to help facilitate the transaction. The deal is subject to a court-approved auction and NHL approval.
Updated: 09/16/2011 08:44A
Jon Stewart Thinks the Solyndra Mess Is a Big Deal
Last night, Jon Stewart caught up to the news-cycle and devoted his entire first segment to how damaging the Solyndra bankruptcy may be for Obama. Solyndra is the bankrupt solar company that received a $500+ million dollar loan from his administration
Updated: 09/16/2011 08:43A
Euro finance chiefs delay decision on Greece's loan payout, see progress in
Greece's international rescue partners will delay until October their decision on paying out a batch of bailout loans needed to keep Athens from a disastrous bankruptcy, the head of the eurozone finance ministers' group said Friday.
Updated: 09/16/2011 08:41A
Sally Herigstad: Some spend lavishly right up to bankruptcy court
My brother and his wife are filing for Chapter 7 bankruptcy. They went on a trip to Australia for a week and then filed. They also plan on keeping one of their credit cards (for gasoline) and want to keep their time share.
Updated: 09/16/2011 08:40A
Holland Real Estate Developer in Apparent Financial Hot Water
Holland-based developer Scott Bosgraaf, who help renovate the former Baker Furniture factory and the one-time Holland Furnace Company plant into mixed-use developments, has reportedly filed for bankruptcy protection with two entities that he owns.
Updated: 09/16/2011 08:29A
BofA (BAC) May Consider 'Nuclear Option' for Countrywide
Reports Friday morning have Bank of America (NYSE: BAC) considering putting it's Countrywide arm into bankruptcy should litigation costs begin to cripple the bank. When BofA took over the unit in 2008, it was kept as a separate entity from the bank,
Updated: 09/16/2011 08:27A
Agreement likely today on JeffCo sewer crisis
New York said Jefferson County and sewer system creditors are expected to reach an agreement today on an outline to settle the $3.14 billion sewer debt crisis, which could allow the county to avoid the largest government bankruptcy in US history.
Updated: 09/16/2011 08:25A
Lehman trader tells (nearly) all
This week, on the anniversary of the Lehman Brothers bankruptcy, Fortune.com blogger and Term Sheet editor Dan Primack takes a look at Street Freak: Money and Madness at Lehman Brothers, Jared Dillian's memoir of his career as a trader at the
Updated: 09/16/2011 08:25A
Three years on, Lehman Bros bankruptcy case nears end
That could allow it to exit bankruptcy and begin making payouts to creditors in early 2012. For all the fears of a long court process, that would be relatively quick by historical standards, said Villanova University School of Law Professor Robert
Updated: 09/16/2011 08:24A
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