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Colts Neck man admits to fraud
A Colts Neck man, who already has admitted to fraud, hid almost $200000, including cash, watches, jewelry and hundreds of bottles of wine, when he filed for personal bankruptcy in 2010, authorities said. David A. Findel, 46, pleaded guilty on Monday
Updated: 09/20/2011 11:38A
Paulson's MSR Resort Says Creditors Will Back Off
In June, a bankruptcy court judge had overruled the creditor concerns and granted MSR Resort an extension, but that extension has since run out. The company, which filed for bankruptcy in February, disclosed in a court filing that it had reached a
Updated: 09/20/2011 11:32A
Sandlot Venture nears liquidation
Last month, a trio of lenders filed an involuntary bankruptcy petition against Sandlot in US Bankruptcy Court in San Jose, seeking to push the firm into Chapter 7 bankruptcy. The lenders alleged they were owed at least $575000 in unpaid debts.
Updated: 09/20/2011 11:22A
Hack attack forces DigiNotar bankruptcy
Dutch certificate authority DigiNotar has been forced into bankruptcy after a hack attack destroyed trust in its certificates. DigiNotar parent company Vasco announced that DigiNotar would be liquidated in a
Updated: 09/20/2011 11:20A
Albuquerque Studios gets out of debt
The studio entered bankruptcy last year, when it owed more than $100 million to banks and defaulted on a $23 million loan. Studio executives say the last 12 months have been some of the most productive since it opened in 2007. During that time Breaking
Updated: 09/20/2011 11:20A
Living wills: FDIC approves final rules
“Rapid and orderly resolution” means a reorganization or liquidation of the Covered Company under the Bankruptcy Code that can be accomplished within a reasonable period of time and in a manner that substantially mitigates the risk that the failure of
Updated: 09/20/2011 11:17A
Newpage - a good old fashioned free-fall Chapter 11 case
Running contrary to the “new normal” in larger restructurings, NewPage filed for bankruptcy protection without a pre-arranged or pre-negotiated exit solution, such as a back-stopped rights offering or a stalking horse bidder for a sale of the
Updated: 09/20/2011 11:17A
DigiNotar goes bust
The bankruptcy filing is also about protecting VASCO's trust, as CEO T. Kendall Hunt alludes in a statement: "Although we are saddened by this action and the circumstances that necessitated it, we would like to remind our customers and investors that
Updated: 09/20/2011 11:16A
Hacked security firm to shut down
Dutch security firm DigiNotar has filed for voluntary bankruptcy following a series of attacks by a hacker. The attackers penetrated DigiNotar's internal systems and then issued fake security certificates so they could impersonate web firms.
Updated: 09/20/2011 11:14A
Hacked security firm closes its doors
Dutch security firm DigiNotar has filed for voluntary bankruptcy following a series of attacks by a hacker. The attackers penetrated DigiNotar's internal systems and then issued fake security certificates so they could impersonate web firms.
Updated: 09/20/2011 11:07A
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