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Alvarion (ALVR) to Take $7M Bankruptcy Petition Charge
Alvarion Ltd. (Nasdaq: ALVR) reports that, as a result of the bankruptcy petition filed by Open Range Communication Inc., it expects a one-time charge of approximately $7 million. It has not been determined whether this charge will affect the financial
Updated: 10/10/2011 07:00A
Hearing Set For Wednesday On Nassau's Chapter 11 Move
A hearing has been set for WEDNESDAY on NASSAU BROADCASTING's motion to take the company into Chapter 11 voluntary bankruptcy rather than the Chapter 7 involuntary bankruptcy sought by creditors including GOLDMAN SACHS. The creditors, also including
Updated: 10/10/2011 06:58A
Three Former AirPlay Direct Execs Take Company To Bankruptcy Court
Three former executives of AIRPLAY DIRECT have filed to force the company into Chapter 11 bankruptcy, according to a report in the NASHVILLE BUSINESS JOURNAL. Former President SCOTT WELCH, EVP CLIF DOYAL, and OM RALEIGH SQUIRES filed their case in US.
Updated: 10/10/2011 06:58A
Considering Personal Bankruptcy? Beware Your Homeowners Association
Obscure section of 2005 law allows homeowner associations to collect monthly fees, despite the protections of personal bankruptcy law. By Bruce Vail Obscure section of 2005 law allows homeowner associations to collect monthly fees,
Updated: 10/10/2011 06:55A
Nassau asks the bankruptcy court for a quick hearing on its motion for Chap. 11
There will be a hearing Wednesday morning (October 12) in a US bankruptcy courtroom in Wilmington, Delaware. On September 15, creditors Goldman Sachs, Fortress Capital and PE Capital filed to have the court place Nassau into involuntary Chapter 7
Updated: 10/10/2011 06:48A
Lawsuit Filed In Response To Irwin Financial Bankruptcy
By Network Indiana The bankruptcy trustee of Columbus-based Irwin Financial Corporation has filed a lawsuit against chairman William I. Miller and two other executives. The lawsuit does not allege any criminal activity by Irwin executives.
Updated: 10/10/2011 06:45A
Dune Energy negotiating with noteholders to avoid bankruptcy
Alternatively, Dune has also agreed to seek noteholder approval for a prepackaged bankruptcy if conditions of the exchange offer are not satisfied. Dune says operations should not be interrupted during the restructuring, whether it's completed out of
Updated: 10/10/2011 06:12A
Bailout plan for Dexia agreed
StockMarketWire.com - Three European countries are to provide the funds necessary to bail out Dexia, the bank which is close to bankruptcy. France, Belgium and Luxembourg will all be part of the rescue. Dexia has also secured state guarantees to secure
Updated: 10/10/2011 06:09A
The Chapter 11 bankruptcy venue reform act: a change of scenery for large
John Conyers Jr., D-Micha., introduced a bill known as the Chapter 11 Bankruptcy Venue Reform Act of 2011, (HR 2533) in response to the perceived trend of “forum shopping” by parent corporations of corporate bankruptcy debtors.
Updated: 10/10/2011 05:39A
Judge should have never OK'd Tribune bonuses
A bankruptcy judge in Delaware has authorized Tribune Co. to pay millions of dollars in bonuses to managers. Tribune says it needs to reward these executives for managing the company amid bankruptcy proceedings, and during a challenging period for
Updated: 10/10/2011 03:46A
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