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Poll: Support Mixed for Pre-Bankruptcy Municipal Mediation
The concept behind a pending California law requiring municipalities to seek mediation before filing for bankruptcy divided respondents to a recent American Bankruptcy Institute poll. Nearly half of participants, 49%, either “strongly
Updated: 09/20/2011 05:03P
DigiNotar Hacked Out Of Business
Say goodbye to certificate authority DigiNotar: the beleaguered Dutch CA has filed for bankruptcy in the wake of the recent massive breach at the firm, its parent company VASCO Security said today, and has exited the CA
Updated: 09/20/2011 05:02P
Bankrupt Tom Martino featured speaker at wealth-building convention
The lineup for an upcoming “Real Estate Investors Wealth Building Convention” in October features … none other than Mr. Martino. “On the same day he talked about being humbled by filing Chapter 7 bankruptcy due to alleged real-estate liabilities of $78
Updated: 09/20/2011 05:01P
Solyndra Execs Take the Fifth
Sometimes in politics it's worse to actually appear guilty than be guilty (though the two frequently are related). And this latest development in the Solyndra scandal certainly looks bad: Oversight subcommittee chairman Rep. Cliff Stearns, R-Fla.,,
Updated: 09/20/2011 04:55P
Solyndra execs will plead the Fifth at House hearing
Lawyers for Solyndra chief executive Brian Harrison and chief financial officer WG “Bill” Stover cited the Justice Department's criminal investigation of the company and the FBI's raid of Solyndra offices in California, saying that they advised their
Updated: 09/20/2011 04:37P
Manahawkin Woman Charged With Bankruptcy Fraud In Federal Indictment
Marjorie Parise, 51, was arraigned on Friday in US District Court in Trenton on two charges of bankruptcy fraud and one count of structuring. She was released on $100000 bail. The charges stem from a 2003 Ponzi scheme operated by a company known as
Updated: 09/20/2011 04:37P
Ex-housing official sues Philadelphia newspapers
Former housing director Carl Greene's lawsuit says the newspapers' "abusive muckraking attacks" were designed partly to boost sales during the news company's bankruptcy. The lawsuit says The Philadelphia Inquirer and Philadelphia Daily News published
Updated: 09/20/2011 04:31P
It's official: NYC hospital files for bankruptcy
which does business as Peninsula Center for Extended Care & Rehabilitation—filed for Chapter 11 bankruptcy protection on Monday. They listed total assets of $34.6 million and $70.8 million in liabilities, as of May 31. On July 24, Crain's broke the
Updated: 09/20/2011 04:16P
Metro mulls Blue Heron bankrupt property bid
The bankruptcy trustee is accepting bids for the property through Oct. 19 but, as of last week, hadn't received anything but overwhelming interest from both private and public representatives. “My colleagues on the Metro Council are very tentative
Updated: 09/20/2011 04:14P
NRMC on track to be in the black
The Natchez Democrat reports (http://bit.ly/qwtFAu) that Chief Financial Officer Charles Mock says the hospital will pay off its debts in compliance with bankruptcy orders. Mock talked Monday with members of the Adams County Board of Supervisors.
Updated: 09/20/2011 04:12P
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