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Capmark sells housing portfolio
Buyer Hunt Companies Inc., a real estate services company in Texas, was the successful bidder for the assets during Capmark's bankruptcy auction. It will complete the transaction in three stages; the first, for $63 million, closed Friday.
Updated: 10/10/2011 01:55P
Homeless Population Increases During Greek Economic Crisis
These days, the homeless population is not only at historic highs, but the profile of the homeless has substantially changed as the debt crisis has forced many onto the streets due to bankruptcy and job loss. Once likely to consist of a population of
Updated: 10/10/2011 01:52P
Pollard attorney wants $400000 from Pitt County
GREENVILLE, NC - The attorney for the family of Stacey Pollard wants to settle a potential lawsuit against the county before it's filed. After two weeks of testimony in a civil trial, a jury found Former Pitt County Sheriff's Deputy, Michelle Pollard,
Updated: 10/10/2011 01:51P
CDC Corp. Filed for Bankruptcy Protection, Rise and Fall of the First China
(NASDAQ: CHINA), the company behindChina.com and many other businesses and the first Nasdaq-listed Chinese internet company has filed for bankruptcy protection, highlighting the company's years of struggle has finally accumulated to the extent that it
Updated: 10/10/2011 01:49P
Capmark Financial sells tax credit portfolio to Hunt
El Paso, Texas-based Hunt was the successful bidder in Capmark's bankruptcy auction of the assets, paying $102.4 million. Under the terms of the purchase agreement the transaction will be closed in stages, with $63 million of the total included in the
Updated: 10/10/2011 01:44P
IVA: How can an IVA be used to avoid bankruptcy?
However before going down the bankruptcy route it might be sensible to consider an alternative solution called individual voluntary arrangement (IVA). The IVA debt solution is seen as the formal alternative to bankruptcy and may provide you with some
Updated: 10/10/2011 01:31P
Innkeepers says in settlement talks with Cerberus
Beilinson said Innkeepers was prepared to move ahead with a trial on Tuesday in US Bankruptcy Court in Manhattan if a deal could not reached Monday. Cerberus and Chatham in August walked away from the deal, saying a material adverse event had occurred
Updated: 10/10/2011 01:31P
HMV Canada cuts prices, considers streaming music, rental videos
There's a hole in market since video rental retailer Blockbuster Canada filed for bankruptcy, HMV president Nick Williams said in an interview. Blockbuster failed under the weight of its US parent's debts, but many of its Canadian locations were
Updated: 10/10/2011 01:20P
Risks for claims traders who have access to confidential information: lessons
As demonstrated by a recent decision of the United States Bankruptcy Court for the District of Delaware in the Washington Mutual chapter 11 cases,1 what such investors do with the potentially inside information they gain from those negotiations,
Updated: 10/10/2011 01:17P
Our Opinion: Trinity Hospital's pulse picking up
After a full year's worth of uncertainly while locally managed Twin City Hospital fought off bankruptcy, it's good news indeed that the new owners — Franciscan Services Corp., based in Sylvania — are getting the health facility back into good financial
Updated: 10/10/2011 01:11P
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