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BofA keeping Countrywide bankruptcy as option: report
(Reuters) - Countrywide Financial's lawsuit losses could compel parent Bank of America Corp (BofA) to put up the unit on the bankruptcy block, Bloomberg reported citing four people with knowledge of the firm's strategy. The bankruptcy option exists
Updated: 09/16/2011 08:29P
Solyndra Inc. on financial edge
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 08:29P
Dallas Stars Have Agreement To Sell Team
The Stars have filed a prepackaged bankruptcy plan in order to help facilitate the deal, which must go through a court-approved auction and is subject to the NHL's approval. The team said its Chapter 11 plan was supported by the NHL and the Stars'
Updated: 09/16/2011 08:28P
WTOL.com - Toledo's News Leader | Ala. county votes to settle debt, avoid
Robert Bentley said he would work with lawmakers to pass the necessary laws. "It may have been easier for the commission to file for bankruptcy, but this settlement will result in a much better deal for the ratepayers and citizens of Jefferson County
Updated: 09/16/2011 08:27P
Alabama County's Debt Deal Averts Bankruptcy
The governing board of Alabama's most populous county voted Friday to accept an agreement on how to restructure more than $3 billion of debt, avoiding what could have been the biggest municipal bankruptcy filing in American
Updated: 09/16/2011 08:25P
French crew visits Birmingham for bankruptcy film
They are working on a documentary on the money problems of cities and counties, especially those close or in bankruptcy. The crew talked with out of work Jefferson County employees, people standing in long lines and county officials about Jefferson
Updated: 09/16/2011 08:16P
Questions Raised Over Letting Another Lender Help a Failing Solar Company
But House Republicans argued that federal law required that when the government made a loan, it be first in line for repayment in case of bankruptcy. The Energy Department's position is that this is so, but that after a loan has closed,
Updated: 09/16/2011 08:15P
Salahis Forced to Liquidate Vineyard
The sale is by order of the US Bankruptcy Court Eastern District of Virginia, according to the auction company's website. Items include everything from wine barrels to thousands of bottles of wine, kitchen appliances, two trucks and four tractors.
Updated: 09/16/2011 08:14P
Big Oil group plays race card on Solyndra
Solyndra is the solar power company that won half a billion dollars in federal loan guarantees pushed by the Bush and Obama administrations before filing for bankruptcy last month; last week its California headquarters was raided by the FBI.
Updated: 09/16/2011 08:14P
Canadian Publishing 2011: Distribution After the Fall of Fenn
February's news that the distributor HB Fenn and Company had filed for bankruptcy sent shock waves throughout the industry, and while the fallout has dissipated some, the industry is still examining what lessons can be drawn from
Updated: 09/16/2011 08:13P
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