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Lehman, BofA Strike Deal On $4 Billion Reduction Of Derivatives Claims
Lehman Brothers Holdings Inc. (LEHMQ) has struck a deal with Bank of America Corp. (BAC) and Merrill Lynch to reduce by more than $4 billion their derivatives claims against the liquidating
Updated: 09/29/2011 01:06P
U.S. Knew Solyndra Violating Loan Terms Before Guarantees, Official Says
The Energy Department knew Solyndra LLC was violating terms of its US loan by December and agreed to keep providing taxpayer support for the solar- panel maker that filed for court protection nine months
Updated: 09/29/2011 01:04P
Bankruptcy — cram-down mortgages
United States Bankruptcy Court Civil Bankruptcy -- cram-down mortgages Debtors who have acquired encumbered property in violation of due on sale clauses cannot cure mortgage defaults though Chapter 13 over the objections of the creditor.
Updated: 09/29/2011 12:57P
Greece resumes talks with auditors amid fresh protests
The Socialist government decided on unpopular pension cuts, lay-offs and taxes last week to lure back the so-called troika of European Commission, European Central Bank and International Monetary Fund officials, who suspended talks earlier this month
Updated: 09/29/2011 12:54P
PPI: Can I claim for PPI miss-selling if I am bankrupt?
With claims for PPI miss-selling on the increase we ask whether you can make a claim for miss-selling if you are bankrupt or have already been discharged from your bankruptcy. If you are currently bankrupt or have been discharged from bankruptcy you
Updated: 09/29/2011 12:21P
Solyndra Bankruptcy: Company Violated Loan Terms, But Got More Federal Money
31, Solyndra laid off 1100 workers without warning, shut down the business and filed for bankruptcy. Days later, the FBI executed search warrants of the Solyndra headquarters, as part of a criminal probe. On Sept. 20, US Rep. Darrell Issa, R-Calif.,
Updated: 09/29/2011 12:17P
Tavern on the Green Could Become a National Chain
The city retains the naming rights to Central Park's iconic Tavern on the Green after the restaurant's managers filed for bankruptcy. The US Bankruptcy Court Southern District of New York approved the licensing deal on Monday.
Updated: 09/29/2011 12:13P
Graceway Pharma files for bankruptcy, to be sold
Sept 29 (Reuters) - Graceway Pharmaceuticals LLC, which makes creams to treat skin conditions, has filed for bankruptcy protection, and said it plans to sell its US and Canadian assets for $275 million to Swiss dermatology company Galderma SA.
Updated: 09/29/2011 12:12P
Judge refuses to grant delay for Solyndra assets auction
The assets of failed US solar manufacturer Solyndra should be disposed of by the end of October, after the judge presiding over the company's bankruptcy case denied a request by creditors to allow more time for a sale. Solyndra's assets are set to be
Updated: 09/29/2011 12:11P
29/09/2011Heineken drives imposter to bankruptcy
“There was no way we could win” commented director Marc Schneider, confirming the reports of bankruptcy. He added that he was confident that the liquidation sale would at least pay Ulm's outstanding debts. Last month the court ruled that Olm was guilty
Updated: 09/29/2011 12:06P
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