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One man out to get me, claims bankrupt Serepisos
Failed property tycoon Terry Serepisos believes bankruptcy proceedings against him were issued because one man was "out to get me". The claim was made in documents made available yesterday by a court.
Updated: 09/30/2011 12:32P
Sun chain's owner sells Ohio titles; portent for Minnesota?
ACN, which emerged from bankruptcy in 2009, is in just four markets (Dallas, DC, Columbus, and the Twin Cities), so selling one operation is a big deal. As recently as August, the chain laid off
Updated: 09/30/2011 12:30P
Mets Ruling Used as Weapon in Fighting Madoff Trustee Suits
Rye, in its bankruptcy court filing, said its case involving swap transactions was similar to the Mets case, and that Rakoff sided with the defendants saying settlement payments were protected by so-called safe harbor law. Rakoff's two-year ruling
Updated: 09/30/2011 12:29P
Bank robbery suspect is former general contractor
(AP) — A man arrested after a Lakeside bank robbery this week is a former contractor who filed for bankruptcy shortly after the first in a string of robberies that officials suggest are connected. The Daily Inter Lake reports (http://bit.ly/pxYZxa
Updated: 09/30/2011 12:16P
Report: Friendly's restaurant chain is preparing for bankruptcy filing and sale
The Wall Street Journal reported that Friendly's hired law firm Kirkland & Ellis, which lists corporate restructuring among its specialties on its website, to negotiate with creditors and prepare its bankruptcy filings. Continued.
Updated: 09/30/2011 12:13P
Page Development CFO files for personal bankruptcy
Pittman is the second Page Development executive to file bankruptcy after the firm's real estate ventures were upended by the housing market crash. The owners have been involved in several lawsuits related to unpaid debt. Pittman listed assets of $1
Updated: 09/30/2011 12:12P
Papa John's franchisee files for bankruptcy, paychecks on hold
An 84-unit Papa John's Pizza franchisee filed for bankruptcy earlier this week, a move that has held up paychecks for employees at its Colorado and Minnesota stores, despite those stores' continued operation. The Denver Post reports that PJCOMN
Updated: 09/30/2011 12:10P
Blavatnik Made $1.2 Billion in Lyondell LBO, Lawsuit Says
The $22 billion merger of Lyondell with Basell AF SCA, a unit of Blavatnik's Access Industries Holdings LLC, drove Lyondell to bankruptcy in 2009 while netting $1.2 billion to Blavatnik and over $100 million to Lyondell chairman Dan F. Smith,
Updated: 09/30/2011 12:10P
BANKRUPTCY WEEK AHEAD: Ambac Seeks To Send Bankruptcy Plan For Creditor Vote
Ambac Financial Group Inc. (ABKFQ), the parent of the failed bond insurer, will take a key step Wednesday in the Manhattan bankruptcy court in the holding company's bid to emerge from Chapter
Updated: 09/30/2011 12:05P
Mets Ruling Being Used as Weapon by Defendants in Madoff Trustee Lawsuits
Rye, in its bankruptcy court filing, said its case involving swap transactions was similar to the Mets case, and that Rakoff sided with the defendants saying settlement payments were protected by so-called safe harbor law. Rakoff's two-year ruling
Updated: 09/30/2011 12:04P
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