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Donnan withdraws $5.5M settlement proposal with GLC
Donnan's attorney Ed Tolley announced the move after US Bankruptcy Judge James Smith said he was unlikely to approve the $5.5 million settlement with West Virginia-based liquidation company GLC Ltd. Because, he said, it gave short-shrift to other
Updated: 10/04/2011 06:37P
Pepper Hamilton | Seven Lawyers from Pepper Hamilton Named to Michigan Super
Ms. Kress is vice-chair of the Business Bankruptcy Committee of the American Bar Association's Business Law Section. Mr. Staebler is a partner with the firm. He leads Pepper's Small Business Investment Company (SBIC) practice and is co-chair of the
Updated: 10/04/2011 06:37P
Weltman, Weinberg & Reis Co., L.P.A. | Bankruptcy Update: Recent Trends, New
According to statistics from the National Bankruptcy Research Center (NBKRC), bankruptcy filings have declined through the first three quarters of 2011. Total consumer bankruptcy filings totaled 144722, which was down approximately 10% from the first
Updated: 10/04/2011 06:37P
European bail-out talk boosts Morgan Stanley
Morgan Stanley's shares rose sharply on news of a possible European bank bail-out programme and its credit default swap prices fell back after hitting levels not seen since the Lehman Brothers bankruptcy of 2008. Earlier on Tuesday, some trading
Updated: 10/04/2011 06:37P
Casa Bonita Owner Files For Chapter 11 Bankruptcy
based Star Buffet, Inc. will continue to operate the iconic Mexican theme restaurant as a debtor-in-possession, the Denver Business Journal reported on Tuesday. "The decision to file bankruptcy was reached after the company was unable to agree on terms
Updated: 10/04/2011 06:34P
Chapter 11 might be American Airlines' best bet
AP New York • American Airlines' CEO is proud that his company, unlike its biggest rivals, avoided the bankruptcy process to remake itself. Investors aren't so sure. As the economic outlook darkens, the airline industry is bracing
Updated: 10/04/2011 06:33P
Harakiri incorporated
: If there is one organisation that is hell bent on committing 'harakiri' it is the Indian Railways, ably aided in its onward march to bankruptcy by a string of political heavyweights who have adorned the corner room in Rail Bhavan for over more than a
Updated: 10/04/2011 06:32P
Casa Bonita parent company files for Chapter 11
DENVER (AP) — The parent company of Denver's Casa Bonita and other restaurants has filed for Chapter 11 bankruptcy protection but says it will continue its restaurant operations. Scottsdale, Ariz.-based Star Buffet Inc. operates restaurants in 15
Updated: 10/04/2011 06:30P
Owners of Casa Bonita file for bankruptcy
Web Staff with AP DENVER -- The parent company of Denver's Casa Bonita and other restaurants has filed for Chapter 11 bankruptcy protection but says it will continue its restaurant operations. Scottsdale, Ariz.-based Star Buffet Inc. operates
Updated: 10/04/2011 06:29P
INSIGHT-Hometown weary but defiant as Kodak's problems worsen
N) will file for bankruptcy, there is not so much a sense of crisis as a feeling of resignation and fatigue among the residents in its hometown. At one point, the company employed more than 60000 people in Rochester in upstate New York,
Updated: 10/04/2011 06:26P
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