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Oregon hub of Pace American Enterprises will close, lay off 35 workers in Lebanon
By Molly Young, The Oregonian Indiana-based trailer manufacturer Pace American Enterprises Inc. will close its Lebanon plant within days, eliminating 35 Oregon jobs, as it faces involuntary Chapter 7 bankruptcy. Three of its creditors petitioned for
Updated: 09/20/2011 07:57P
Local Jeweler Files for Chapter 11
By KMJ News Longtime Valley business Warner Company Jewelers announced Tuesday that it has filed for Chapter 11 Bankruptcy due to a long period of financial issues. The company's largest creditor, WestAmerica Bank, filed suit against the company
Updated: 09/20/2011 07:47P
Joe Giudice pleads the Fifth; settles with bankruptcy trustee
According to the court order, Giudice consulted with a criminal defense lawyer before taking the Fifth. The court papers read: “The defendant Giuseppe Giudice acknowledges his desire to resolve the matter without the need for further inquiry or
Updated: 09/20/2011 07:39P
Peninsula Hospital Files for Chapter 11 Bankruptcy
Peninsula Hospital in Far Rockaway has declared bankruptcy. The Chapter 11 filing was announced earlier but made official Tuesday. Chapter 11 bankruptcy protection will shield the hospital from creditors in the coming weeks,
Updated: 09/20/2011 07:30P
California bankruptcies diverse
But according to Dow Jones, municipal filings under Chapter 9 bankruptcy law are unlikely to gain frequency. "You can't force it; you can't force a debtor to sell its assets; you can't force liquidation," Rebecca Winthrop, a public finance lawyer with
Updated: 09/20/2011 07:06P
Creditors Seek Missing Developer
Today, with a bankruptcy court seeking to seize his assets, the prominent 87-year-old developer has disappeared. The US Marshal's Service has been searching for him since late July, when he failed to obey a court order to turn over diamonds worth about
Updated: 09/20/2011 06:53P
Editorial: US 'Fail Mail' Needs Reform
Postal Politics: If the US Postal Service were a regular business, it would be filing for bankruptcy protection about now. So why not let it do just that? You'll have to ask the unions for an answer to that one. Article I of the Constitution says
Updated: 09/20/2011 06:53P
U.S. 'Fail Mail' Needs Reform
Postal Politics: If the US Postal Service were a regular business, it would be filing for bankruptcy protection about now. So why not let it do just that? You'll have to ask the unions for an answer to that one. Article I of the Constitution says
Updated: 09/20/2011 06:51P
Greece to front-load austerity, troika to return
ATHENS (Reuters) - Greece pledged to bring forward painful austerity measures on Tuesday, convincing international lenders to return to Athens early next week for talks that it hopes will secure the aid it needs to avert bankruptcy.
Updated: 09/20/2011 06:50P
Jefferson County Commissioners Send Refinancing Plan to Alabama Legislature
Commission President David Carrington and Commissioner Jimmie Stephens, its finance chairman, began meeting with creditors in August after members rejected an earlier settlement proposal and delayed filing Chapter 9 bankruptcy.
Updated: 09/20/2011 06:42P
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