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Falls Golf Resort sale plan approved
A Pricewaterhouse-Coopers monitor, appointed by the court when Blackburn Developments president Rick Wellsby applied for bankruptcy protection in early February, selected Pinnacle's $15-million bid as the “most favourable” offer because it included
Updated: 10/06/2011 12:04P
11 Unusual Ways Steve Jobs Made Apple The World's Most Admired Tech Company (AAPL)
Just 14 years ago, Apple was on the verge of bankruptcy. Today, it is the world's most admired tech company. Steve Jobs can be credited for the drastic turnaround. But how did he do it? By thinking differently, innovating, and being controversial.
Updated: 10/06/2011 11:59A
FORMER EMPLOYEES SUE VMS
In its bankruptcy filing, VMS listed more than $9.2M in office equipment, furnishings and supplies among its assets. The trustee, Kenneth Silverman of law firm Silverman Acampora, has sought about $380K for his operations and to pay personnel to pursue
Updated: 10/06/2011 11:55A
7 Reasons You Should Not File for Bankruptcy
I meet with a lot of people who believe that bankruptcy is going to be their best option. And truthfully, for most of the people I meet with bankruptcy is not only the best option but something they should have done a long time ago.
Updated: 10/06/2011 11:46A
Friendly Ice Cream Wins Court Approval of Bankruptcy Loan
Oct. 6 (Bloomberg) -- Friendly Ice Cream Corp., the 76- year-old restaurant chain known for its ice cream and hamburgers, won bankruptcy court approval of a $50.6 million loan to help fund operations while the company pursues a sale.
Updated: 10/06/2011 11:44A
CBS 3 Springfield - WSHMJudge orders broad mediation in WaMu bankruptcy
One issue included claims by equity security holders that hedge funds supporting the plan had engaged in insider trading of WMI debt based on information obtained during the bankruptcy. Washington Mutual responded by modifying its proposed plan and
Updated: 10/06/2011 11:38A
Judge orders WaMu to engage in broad mediation before proceeding with
One issue included claims by equity security holders that hedge funds supporting the plan had engaged in insider trading of WMI debt based on information obtained during the bankruptcy. Washington Mutual responded by modifying its proposed plan and
Updated: 10/06/2011 11:37A
Doug Wilder's National Slavery Museum Files for Chapter 11 Bankruptcy
As of September, it had filed for Chapter 11 bankruptcy. As everyone knows, a Chapter 11 allows an entity to reorganize, sort out its debts, and develop a strategy for moving forward, protected, at least for a time, from creditors' lawsuits.
Updated: 10/06/2011 11:37A
What Happened to Solar?
You've probably heard something about three well-known solar firms that declared bankruptcy this year. Here in Massachusetts, where I live, Evergreen Solar declared bankruptcy in August after finding itself nearly half a billion
Updated: 10/06/2011 11:36A
Court orders takeover of Utah man's businesses
The office says Randall promised returns of up to 14 percent through investments in real estate, auto leases and insurance and continued to solicit funds from investors after filing for bankruptcy. Randall is also the subject of a Utah Department of
Updated: 10/06/2011 11:34A
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