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Young Buck Facing Liquidation
Rapper Young Buck filed for bankruptcy last year and is now facing liquidation with his bankruptcy trustee claiming that he "no longer has a viable shot at reorganizing." Buck is in danger of facing Chapter 7 liquidation, which would see his assets
Updated: 10/11/2011 01:51P
Cerberus-Innkeepers Trial Delayed as Talks Continue
If no agreement is reached, Judge Shelley C. Chapman of US Bankruptcy Court in Manhattan will oversee a trial in which Innkeepers is suing Cerberus and Chatham to either close the deal or return a $20 million deposit and possibly pay more in damages.
Updated: 10/11/2011 01:43P
Solar Project Burned By Bankruptcy
BRISTOL — A program through which Bristol would have installed solar panels on municipal buildings in exchange for earned energy credits has been canceled due to the bankruptcy of Solyndra, the company that produced the flat roof
Updated: 10/11/2011 01:33P
Saab, Parmalat Charge, Max Bank, A-Tec Unit Bids: Bankruptcy
Saab staved off bankruptcy on Sept. 21, when a Swedish appeals court overturned a lower court's ruling and gave the company a chance to reorganize. Saab, which General Motors Co. sold last year, first halted production in March after suppliers stopped
Updated: 10/11/2011 01:17P
Pat and Oscar's Back in Business
The local restaurant's doors are back open after being shuttered during bankruptcy proceedings, according to the Californian. The owner, Oscar Sarkisian, vowed to reopen the reopen the location -- the biggest in the restaurant's chain
Updated: 10/11/2011 01:16P
American Airlines' lesson: Being big isn't enough
Like Alaska Air Group, AMR went through the tough times after 9/11 without going through bankruptcy reorganization. But the resemblance ends there. Alaska shares are trading above $60, while AMR stood at $2.73 this morning. For weeks, fears have grown
Updated: 10/11/2011 01:13P
Innkeepers-Cerberus Trial Delayed Again
If no agreement is reached, Judge Shelley C. Chapman of US Bankruptcy Court in Manhattan will oversee a trial in which Innkeepers is suing Cerberus and Chatham to either close the deal or return a $20 million deposit and possibly pay more in damages.
Updated: 10/11/2011 01:06P
Dodgers Ticket Holders, Sinatra Heirs Support MLB on Sale
The self-named Ad Hoc Committee of Season Ticket Holders asked US Bankruptcy Judge Kevin Gross today to approve Selig's motion to strip team owner Frank McCourt of exclusive control of the Dodgers' bankruptcy case. The team's bankruptcy “appears to be
Updated: 10/11/2011 01:02P
Insight: New bankruptcy ripples may emerge (Reuters)
(Reuters) – Three years after the collapse of Lehman Brothers touched off a tidal wave of bankruptcy filings, corporate failures may be about to pick up again, with some big-name companies among those struggling for survival.
Updated: 10/11/2011 12:47P
WRBJ-TV Owner Files For Bankruptcy
Roberts Broadcasting, the owner of four TV stations, including WRBJ in Jackson, has filed for bankruptcy. Roberts Broadcasting owns WRBU in St. Louis, Mo., WZRB in Columbia, SC, WAZE in Evansville, Ind., and WRBJ. All four stations were previously
Updated: 10/11/2011 12:46P
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