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Bidder for Hoboken hospital tells Wall Street Journal: 'We can step in' if
Mayor Dawn Zimmer has said that if the creditors in the hospital operator's bankruptcy do not reach a settlement, the hospital will close. The parties are due back in court on Oct. 4. Hoboken University Medical Center is in the process of being sold to
Updated: 09/30/2011 01:56P
Friendly's restaurants prepping for bankruptcy
Wilbraham, MA, United States (AHN) – The Friendly's restaurant chain is preparing for a possible bankruptcy filing as early as next week, the Wall Street Journal reported Friday. The Wilbraham, MA, company best known for its hamburgers and sundaes
Updated: 09/30/2011 01:52P
Scottsdale's Star Buffet Inc. files for bankruptcy protection
The firm operates 30 restaurants in seven states, including Arizona. In Arizona the firm operates HomeTown Buffets in Scottsdale, Tucson and Yuma. As of August 15, the company showed assets of $22.4 million and liabilities of $21.4 million.
Updated: 09/30/2011 01:46P
Lehman Brokerage Seeks to Deny $8.9 Billion Affiliate Claim
The Lehman affiliate LBIE is seeking $8.9 billion from the brokerage, according to a bankruptcy court filing. Its house claim, asserted for itself and its creditors, came on top of a separate claim on behalf of LBIE customers who traded US securities.
Updated: 09/30/2011 01:39P
Hotel Indigo is sold for $14 million
In all, the hotel's total debt was about $25.6 million against assets of about $14.1 million, including the $13.1 million value of the real estate. The hotel includes 96 rooms and a penthouse, along with 3000 square feet of meeting space.
Updated: 09/30/2011 01:38P
Only Lawsuits can Bring Transparency to the Obama Administration
Of course the final blow came in the form of explosive journalist videos showing ACORN employees advising undercover reporters on how to evade taxes, as well as immigration, housing, and child prostitution laws. After the videos “went viral” in October
Updated: 09/30/2011 01:31P
Question of the Day: Would You Miss Your Local Friendly's?
Tell us what you think about today's Wall Street Journal Online article about the company potentially filing for bankruptcy. Ami Albernaz With a Friendly's ?located right here in Needham?, Patch wants to know what local residents think about this news.
Updated: 09/30/2011 01:24P
Report: Friendly's To File For Bankruptcy Protection
Friendly's, which carries more than $250 million in debt, is in talks with Wells Fargo & Co. for about $70 million in so-called debtor-in-possession financing that would keep it afloat during bankruptcy proceedings, the people said.
Updated: 09/30/2011 01:18P
Major League Baseball Objects to Dodgers' Proposal to Auction TV Rights
The three-paragraph filing was made in US Bankruptcy Court in Wilmington, Delaware, where the team sought court protection from creditors in June. Baseball Commissioner Bud Selig has asked US Bankruptcy Judge Kevin Gross to let his office file a
Updated: 09/30/2011 01:17P
Lehman Brokerage Seeks to Deny $8.9 Billion Claim by Europe Affiliate LBIE
The Lehman affiliate LBIE is seeking $8.9 billion from the brokerage, according to a bankruptcy court filing. Its house claim, asserted for itself and its creditors, came on top of a separate claim on behalf of LBIE customers who traded US securities.
Updated: 09/30/2011 01:17P
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