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German Leading MP: Greece Better Off Outside Euro Zone
"You are very close to bankruptcy," Michael Fuchs, a deputy parliamentary floor leader for Chancellor Angela Merkel's Christian Democrats (CDU), said in an interview for the Greek newspaper Real News. "We can not agree to a 'haircut' without terms and
Updated: 10/10/2011 10:22A
Geronzi Indicted on Charges Connected to Parmalat's Collapse
By Sonia Sirletti - Mon Oct 10 13:55:19 GMT 2011 Former Capitalia SpA Chairman Cesare Geronzi must stand trial on charges of fraudulent bankruptcy and extortion in connection with Parmalat SpA (PLT)'s collapse. Ennio Amodio, Geronzi's lawyer,
Updated: 10/10/2011 10:15A
Irish MP ordered to pay bank back 20 mln euros
DUBLIN Oct 10 (Reuters) - A court ordered a colourful independent opposition Irish politician on Monday to repay almost 20 million euros ($27 million) in bank loans, raising the possibility that the builder could face bankruptcy and have to quit
Updated: 10/10/2011 10:09A
Denver-based Kolorfusion files for bankruptcy
Kolorfusion's plan, filed in US Bankruptcy Court in Denver, promises to give unsecured creditors with $2.3 million in claims a pro rata share of half of net profits over the next five years. The disclosure statement didn't venture a guess about the
Updated: 10/10/2011 10:07A
Debt-scarred Ireland eases bankruptcy law
Ireland has cut the time needed to be discharged from bankruptcy to five years from 12, the government has said, a reform required under its EU/IMF bailout to help deal with a mountain of personal debt. The bursting of a huge housing bubble has left
Updated: 10/10/2011 10:04A
Bankruptcy & Restructuring Lawyer Geoffrey T. Raicht Joins Proskauer as
NEW YORK, Oct 10, 2011 (BUSINESS WIRE) -- Proskauer announced the expansion of its Bankruptcy & Restructuring Group and global Corporate Department with the addition of Geoffrey T. Raicht as a Partner in the New York office.
Updated: 10/10/2011 10:01A
Consumer Bankruptcy Filings Among College -Educated, HighIncome Earners Are Rising
Neither a college education nor a high paying job is enough to protect consumers against filing for personal bankruptcy, according to the 2010 Annual Consumer Bankruptcy Demographics Report recently released by the Institute for Financial Literacy,
Updated: 10/10/2011 09:51A
Denmark's Max Bank avoids bankruptcy by selling healthy part to local bank
COPENHAGEN, Oct. 10 (Xinhua) -- Denmark's failed Max Bank avoided bankruptcy late Sunday, as banking authorities approved the sale of its healthy part to local bank Sparekassen Sjaelland. As such, Max Bank's financially sound customers can continue
Updated: 10/10/2011 09:48A
Innkeepers USA Trust, Cerberus set for bankruptcy trial
NEW YORK ? Innkeepers USA Trust will try to persuade a judge to force would-be buyers to proceed with their planned $1.12 billion acquisition of some of its hotels as a trial begins on Monday in a US bankruptcy court. Innkeepers, the bankrupt operator
Updated: 10/10/2011 09:46A
US (NC): Orval Kent, Chef Solutions file 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, according to the Wall Street Journal. The companies reported assets and debt between $100 million and
Updated: 10/10/2011 09:45A
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