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Head of DOE's embattled loan program steps down
The head of the Energy Department's embattled loan program, Jonathan Silver, resigned Thursday after a tumultuous month during which the program's first loan recipient, the solar panel manufacturer Solyndra, declared bankruptcy, leading to a wave of
Updated: 10/06/2011 07:26P
Bankrupt Chicken Processor Townsends Jumps To Ch. 7
Law360, New York (October 06, 2011, 6:53 PM ET) -- A Delaware bankruptcy judge on Wednesday granted poultry processor Townsends Inc.'s request to convert its bankruptcy from Chapter 11 to a Chapter 7 liquidation, but gave the company a
Updated: 10/06/2011 07:20P
TH Properties faces another liquidation request
After nearly 21/2 years in bankruptcy, Harleysville homebuilder TH Properties has to ward off yet another attempt to have its case converted to a Chapter 7 liquidation case. US Bankruptcy trustee Roberta A.
Updated: 10/06/2011 07:19P
Lehman Unit Sues Goldman Unit over Failed Deal
Rosslyn LB Syndication Partner LLC, a Lehman unit not in bankruptcy, accused USREO/Rosslyn Investors LLC, a Goldman Sachs unit, of terminating a transaction related to an office building portfolio in Arlington, Virginia, according to a filing today in
Updated: 10/06/2011 07:12P
When bad things happen
A sudden death, a relationship breakup, bankruptcy, a sickness, troubled children, abuse, neglect, car accidents, house fires, earthquakes – the list can go on and on. Sometimes there is no reason – we live here where randomness does exist in this vast
Updated: 10/06/2011 07:06P
Teachers' union calls for Fund for the Arts to suspend contributions to orchestra
I've heard it will be on the Internet...- 6:57 pm The Jefferson County Teachers Association is calling for the Louisville Fund for the Arts to suspend its contributions to the Louisville Orchestra until the organization and its musicians are able to
Updated: 10/06/2011 06:58P
Bankrupt Chicken Grower Townsends Jumps To Ch. 7
Law360, New York (October 06, 2011, 6:53 PM ET) -- A Delaware bankruptcy judge on Wednesday granted poultry processor Townsends Inc.'s request to convert its bankruptcy from Chapter 11 to a Chapter 7 liquidation, but gave the company a
Updated: 10/06/2011 06:56P
Philadelphia Orchestra, musicians reach tentative agreement
The issue of the musicians and their pension fund is the most crucial element of the orchestra's bankruptcy proceedings. It's also the one that, so far, has been the most difficult to resolve. After a string of marathon negotiating days,
Updated: 10/06/2011 06:53P
Roxbury Grapples With Cloudy Issue of Solar Contract
The high-profile bankruptcy of a federally-supported solar energy company recently sent ripples through the small town of Roxbury, negatively impacting a pending energy reduction plan. Last month, voters approved having Roxbury enter
Updated: 10/06/2011 06:43P
National Context: History of Municipal Financial Crisis and Policy
(2) The first municipal bankruptcy laws on the federal level came about during this time seeking to allow desperate cities to negotiate settlements with creditors under court oversight while continuing to provide critical services.
Updated: 10/06/2011 06:41P
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