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Fate of symphonic music in Syracuse
In Bankruptcy Court, the only creditor with an enforceable claim was M&T Bank. Its half million dollar debt was settled by handing over the group's assets. Now the bank has handed those assets back to the community. Instruments will go to the Cultural
Updated: 09/29/2011 05:14P
Friendly's May File For Bankruptcy
Friendly's, which has a location in Exeter, may file for bankruptcy, according to a report by the Wall Street Journal. Friendly's has been hit by lingering effects of the recession, which has seen more people refrain from eating out to
Updated: 09/29/2011 05:12P
FBI Said to Be Probing Solyndra for Possible Fraud
Photographer: David Paul Morris/Bloomberg The FBI is investigating Solyndra LLC for possible accounting fraud and the accuracy of financial representations made to the government, according to an agency official who spoke on condition of anonymity.
Updated: 09/29/2011 05:04P
Lehman bankruptcy payout plan gains momentum
"It certainly looks like they're moving in the direction of a largely consensual confirmation hearing," said Stephen Lubben, a professor at Seton Hall University School of Law. That is not to say confirmation will be a breeze, Lubben said.
Updated: 09/29/2011 05:02P
Friendly's Near Bankruptcy: Great Moments in History
The restaurant chain founded in 1935 may file for bankruptcy protection. Friendly's, America's favorite* ice cream-and-treats parlor, is preparing to file for bankruptcy protection as soon as next week, Deal Journal colleague Mike Spector is reporting.
Updated: 09/29/2011 04:55P
Friendly's Preparing Bankruptcy Filing
Friendly's hired law firm Kirkland & Ellis and Zolfo Cooper, a turnaround advisory firm, to negotiate with creditors and prepare its bankruptcy filing, the people said. Declining sales, meanwhile, have triggered a condition in a Wells Fargo credit line
Updated: 09/29/2011 04:52P
Citizen Dave: Don't believe the prattle about Solyndra, solar energy works
Republicans in Congress and right-wing spinners want to use this single business failure as evidence that green jobs aren't real, that alternative energy won't ever capture much of the market, that we must remain chained to greenhouse gas emitting
Updated: 09/29/2011 04:51P
City Attorney Bob Shannon: Long Beach to Get $576000 in Lehman Brothers Settlement
He said the investment was made roughly two weeks before Lehman went bankrupt. The company's pending liquidation plan would leave little if nothing to recover for equity holders, meaning Long Beach and the investments of the other municipalities is
Updated: 09/29/2011 04:44P
Why Lehman May Be a Long, Slow Train Ride
In Washington Mutual, the second attempt at a plan has been rejected by the bankruptcy court, the hedge funds who got dinged in the judge's opinion are appealing, and the shareholders have just hired Frank Partnoy, a well-known law professor and
Updated: 09/29/2011 04:44P
Homebuilder Estridge files for bankruptcy
Local homebuilder Paul Estridge Jr. on Thursday filed Chapter 7 personal bankruptcy, agreeing to surrender his two homes—one in Westfield and one in Florida—and other possessions to satisfy a mountain of debt he accrued from his former business.
Updated: 09/29/2011 04:43P
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