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Here Comes The Scum
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 work.
Updated: 09/17/2011 09:24P
A Countrywide Bankruptcy Could Significantly Boost BofA Shares
A recent Bloomberg article on Bank of America (BAC) raises the possibility that Bank of America could allow its Countrywide subsidiary to file for bankruptcy in order to get out of the mortgage liabilities that have been plaguing the bank.
Updated: 09/17/2011 08:28P
BofA said to be keeping bankruptcy option open for Countrywide Financial
NEW YORK — Bank of America, the lender burdened by its Countrywide Financial Corp. takeover, would consider putting the unit into bankruptcy if litigation losses threaten to cripple the parent,
Updated: 09/17/2011 07:58P
County shapes deal to avoid bankruptcy
ATLANTA — Jefferson County, Ala., leaders approved a tentative settlement with creditors Friday that lawmakers hope will allow them to avoid filing the largest municipal bankruptcy in US history — though they warned that the agreement is contingent
Updated: 09/17/2011 07:57P
Solyndra says needs more time to find buyers
Sept 17 (Reuters) - Bankrupt solar panel maker Solyndra LLC said it needed more than the initially expected four weeks to find a buyer to take over its idled operations, which were funded with a controversial $535 million federal loan guarantee.
Updated: 09/17/2011 07:31P
Trustee: Myrtle Beach lawyer Pavilack will never be able to pay off creditors
Most of the real estate Pavilack owns is worth less than the debts against the property, so it is not clear how much – if anything – his creditors ultimately would get. Once those assets are distributed, Pavilack's remaining debt would be wiped clean.
Updated: 09/17/2011 07:02P
GOP uses failed solar firm to attack stimulus plan
The California company won a $535 million federal loan guarantee in September 2009 under the original Obama stimulus program, but declared bankruptcy Sept. 6, putting the loan guarantee money at risk. Noah Berger, The Associated Press archive The
Updated: 09/17/2011 06:04P
McCourt aims to auction Dodgers' media rights
LOS ANGELES -- The Dodgers Friday asked permission of a bankruptcy court to auction their media rights in a move owner Frank McCourt says will allow him to keep the club. A hearing is set for October 12.
Updated: 09/17/2011 05:45P
Dodgers propose scheme to stave off bankruptcy
The Los Angeles Dodgers have proposed an auction of the right to broadcast the baseball team's games in a bid to bring in billions of dollars to stabilize its finances and end its bankruptcy. The team also demanded a multitiude of documents from Major
Updated: 09/17/2011 05:00P
BofA arm may go into bankruptcy
New York: Bank of America, the lender burdened by its Countrywide Financial Corp. takeover, would consider putting the unit into bankruptcy if litigation losses threaten to cripple the parent, said four people with knowledge of the firm's strategy.
Updated: 09/17/2011 04:01P
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