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Young Buck Faces Liquidation
That's something Young Buck might want to figure out soon, as the bankruptcy trustee helping the rapper through Chapter 11 says he no longer has a viable shot at reorganizing. Maybe Young Buck, whose real name is David Darnell Brown, can turn to fellow
Updated: 10/10/2011 04:28P
Bankruptcy filings drop 14% in year ending Sept. 30
Consumer reluctance to take on debt in an uncertain economy and tighter credit standards are behind a more than 14 percent drop in bankruptcy filings in central Illinois for the federal fiscal year ended Sept. 30, experts said on Monday.
Updated: 10/10/2011 04:18P
EU excludes OTC in D.Boerse/NYSE review - sources
ATHENS (Reuters) - Greece was wrapping up talks with EU and IMF officials on a vital aid tranche Athens needs to stave off immediate bankruptcy but expects better terms on a new bailout deal agreed in July,
Updated: 10/10/2011 04:08P
Sprinting To Bankruptcy
They recently disclosed they expect to need to access the capital markets, having decided to ditch their (foolish) reliance on WiMax in favor of LTE. They're losing customers. Their stock price is in total meltdown; after spiking to $3.39 Friday on the
Updated: 10/10/2011 04:01P
Squire Sanders | Third Circuit Casts New Uncertainty on "Deepening Insolvency
By contrast, recent decisions in Delaware and New York bankruptcy courts have held that deepening insolvency is not an independent cause of action, even in instances when the failure of a fiduciary prolongs or further deepens a corporation's insolvency
Updated: 10/10/2011 03:59P
Jeffer Mangels Butler & Mitchell LLP | When Your Borrower Files Bankruptcy - A
The topic again arose - what to do when a borrower files bankruptcy? Faced with the prospect of throwing good money after bad, some lenders bury their head in the sand and simply wait it out, often with terrible results.
Updated: 10/10/2011 03:58P
Friendly's Closes 63 Stores, Keeps Maryland Restaurants Open
As part of Chapter 11 bankruptcy filing, Massachusetts-based Friendly's will remain open in Maryland, despite closing 63 underperforming restaurants in states from Massachusetts to Florida, according to reporting by Mass
Updated: 10/10/2011 03:52P
Shell Pension Fund Joins Appeal of 'Feeder Fund' Ruling by Madoff Judge
US Bankruptcy Judge Burton Lifland backed the liquidator of the con man's firm in June, saying investors in feeders can't file claims for payment with the estate because they didn't have accounts with the Madoff firm in their own names.
Updated: 10/10/2011 03:36P
What Went Before: PAL cabin layoffs
On June 15, 1998, Philippine Airlines (PAL) announced that it was laying off 5000 employees, including 1400 members of the Flight Attendants and Stewards Association of the Philippines (Fasap), purportedly to avoid bankruptcy.
Updated: 10/10/2011 03:24P
Contractual Rights Vanish Again in the "Bermuda" of Triangular Setoff
The enforcement of triangular setoffs in bankruptcy, where affiliates set off their claims against the debtor, received another setback in a recent decision in the Lehman bankruptcy cases. See In re Lehman Brothers Inc., No. 08-01420 (JMP) (SIPA),
Updated: 10/10/2011 03:06P
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