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Alabama County Approves Debt Deal to Avoid Bankruptcy
16 (Bloomberg) -- Jefferson County, Alabama, commissioners approved a provisional agreement with holders of $3.14 billion of sewer debt to avert what would have been the largest municipal bankruptcy in US history. The County Commission voted 4-1 today
Updated: 09/16/2011 06:12P
Obama administration restructured Solyndra loan to allow donor to be paid
(Associated Press) Administration officials defended the loan restructuring, saying that without an infusion of cash earlier this year, solar panel maker Solyndra Inc. would likely have faced immediate bankruptcy, putting more than 1000 people out of
Updated: 09/16/2011 06:11P
Dodgers Ask Court for Permission to Auction Telecast Rights
16 (Bloomberg) -- The Los Angeles Dodgers asked a bankruptcy court for permission to auction television rights to the Major League Baseball club's games, saying a sale would allow it to pay off its debts and leave bankruptcy.
Updated: 09/16/2011 06:03P
Obama admin reworked Solyndra loan to favor donor
Even with the federal help, Solyndra filed for Chapter 11 bankruptcy protection late last month and laid off its 1100 employees. The Fremont, Calif.-based company was the first renewable-energy company to receive a loan guarantee under a stimulus-law
Updated: 09/16/2011 06:01P
Vinson & Elkins | Are a Debtor's Trading Prices Reliable Evidence of Its
Valuation disputes can be among the most critical issues addressed during the course of a bankruptcy case, at least in terms of economic impact to various bankruptcy participants. They arise in several contexts,
Updated: 09/16/2011 05:59P
Weil, Gotshal & Manges | Dallas Stars Hockey Club to be Sold
In order to facilitate the sale, the club has filed a voluntary chapter 11 bankruptcy petition in US Bankruptcy Court in Delaware and is seeking to complete the transaction through a court-approved auction. The sale and auction must also be approved by
Updated: 09/16/2011 05:59P
Obama administration restructure Solyndra loan to allow donor to be paid
Even with the federal help, Solyndra filed for Chapter 11 bankruptcy protection late last month and laid off its 1100 employees. The Fremont, Calif.-based company was the first renewable-energy company to receive a loan guarantee under a stimulus-law
Updated: 09/16/2011 05:51P
Birmingham-area mayors agree with Jefferson County Commission's move toward
Anything short of bankruptcy I'm pleased with." Hoover Mayor Tony Petelos, a candidate for the county manager's job in Jefferson County, said he's optimistic and proud of the commission for reaching a settlement. "This has been a dark cloud hanging
Updated: 09/16/2011 05:44P
Bank of America could put Countrywide unit into bankruptcy
Bank of America could put its Countrywide unit into bankruptcy if mounting mortgage-related litigation becomes too great a threat for the nation's largest bank, Bloomberg News reported Friday, citing four people with knowledge of the bank's strategy.
Updated: 09/16/2011 05:44P
Auburn man sentenced for hiding $500000 plane sale during bankruptcy process
AP PORTLAND, Maine — A 66-year-old Auburn man is going to prison for lying about the sale of three airplanes in an attempt to hide nearly half a million dollars from his estate during bankruptcy proceedings. Maurice Roundy was sentenced in federal
Updated: 09/16/2011 05:40P
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