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Crystal Cathedral creditors say Schuller family benefited during church
The creditors committee in the Crystal Cathedral bankruptcy case has filed suit claiming the Rev. Robert Schuller's family and others got generous salaries and perks while the church struggled financially for nine years. Besides lavish benefits
Updated: 10/04/2011 10:09A
Orval Kent Food, Chef Solutions File For Bankruptcy
Meal preparer Orval Kent Food Co. and parent Chef Solutions Inc. filed for Chapter 11 bankruptcy protection Tuesday with a plan to sell their assets. The companies reported assets and debt between $100
Updated: 10/04/2011 10:05A
American Airlines shares hit amid bankruptcy speculation
While shares of airline stocks were volatile Monday because of fears that economic problems could hurt travel, persistent talk by analysts that AMR might file for bankruptcy also contributed to the decline. AMR has said it does not intend to file for
Updated: 10/04/2011 10:04A
US consumer bankruptcy filings fall in September
Consumer bankruptcy filings, which can be made under four codes of US bankruptcy law, declined 4 percent from 113432 in August, which was one day shorter than September. The ABI's members include lawyers, judges, accountants and other bankruptcy and
Updated: 10/04/2011 10:02A
Barnes & Noble Acquires Borders' Customer Database for $13.9M
Barnes & Noble acquired Borders' customer database for $13.9 million after gaining approval from a New York bankruptcy judge. Borders' customer database contains data for approximately 48 million members. To address privacy concerns, customers were
Updated: 10/04/2011 09:59A
Solyndra bankruptcy trustee proposes taking over if execs keep invoking Fifth
(Legal Newsline) - US bankruptcy trustee Roberta DeAngelis proposes to take over management of solar panel maker Solyndra if its leaders keep pleading Fifth Amendment privilege against self incrimination. On Sept. 30, she asked Bankruptcy Judge Mary
Updated: 10/04/2011 09:57A
Chevys, Acapulco Restaurants Owner Files for Bankruptcy
RM Restaurant hired law firms Milbank Tweed Hadley & McCloy LLP and Pachulsky Stang Ziehl & Jones and financial adviser Imperial Capital LLC. The company has restaurants in a dozen states from New York to California, as well as Japan and Turkey.
Updated: 10/04/2011 09:57A
Real Mex Files for Bankruptcy Protection
Real Mex, the owner of restaurant chains such as Chevy's, has filed for bankruptcy protection. The company, owned by private-equity firm Sun Capital Partners, has been struggling with its debt load. And Real Mex was among companies included on a
Updated: 10/04/2011 09:57A
Solyndra shouldn't cast shadow over solar – industry
The bankruptcy of solar panel manufacturer Solyndra should not be used as an excuse to pull government support from a thriving US solar sector, according to solar executives. “A lot of people are saying a lot of things about solar,” said Arno Harris,
Updated: 10/04/2011 09:56A
Barnes & Noble buys Borders' customer data at auction
Bookseller Barnes & Noble has acquired the personal data of 45 million former Borders Books customers, at Borders' Chapter 11 bankruptcy auction in New York. The data being shared include names, mailing addresses and email addresses, but do not include
Updated: 10/04/2011 09:53A
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