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Innkeepers, Cerberus Continue Deal Talks
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 05:41P
Big US companies fight to avoid bankruptcy
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. Companies in a range of businesses,
Updated: 10/11/2011 05:40P
Harrisburg mayor's office: Poll shows city residents want council and Thompson
By ERIC VERONIKIS, The Patriot-News According to a recent poll, a majority of Harrisburg residents believe City Council and Mayor Linda Thompson should compromise on a fiscal recovery plan for the city rather than seek bankruptcy or allow the state to
Updated: 10/11/2011 05:37P
Young Buck Faces Asset Liquidation
Young Buck could soon see his assets seized and sold as he and his lawyer have been unable to find a way out of bankruptcy. The former G-Unit rapper has been attempting to get approval for a debt repayment plan that would re-structure
Updated: 10/11/2011 05:37P
Loan for Greece cleared
After a weeks-long review of the country's finances, inspectors from the European Union, IMF and European Central Bank said an 8bn loan tranche should be paid in early November after approval by eurozone finance ministers and the International
Updated: 10/11/2011 05:30P
Homeless Woman Looks to Keep Car Using Bankruptcy
Bankruptcy code section 722 permits an owner of property secured by a loan to redeem that secured asset. In layman's terms, this means you can make a lump sum payment and pay off the entire balance for the retail market value of that asset.
Updated: 10/11/2011 05:26P
St. Louis business bankruptcies fall 15 percent in third quarter
Business bankruptcy filings in St. Louis fell 15 percent in the third quarter compared with the same period last year, statistics compiled by accounting firm Hoffman Clark show. The 77 third-quarter filings were, however, were, however,
Updated: 10/11/2011 05:19P
WSJ: Europe Stock Markets Pare Session Losses
European stock markets pared session losses Tuesday, after Greece's international lenders said the country is likely to receive the next slice of aid from its EUR110 billion bailout at the start of November, in time to avoid bankruptcy
Updated: 10/11/2011 05:16P
How to Get a Home After a Foreclosure
The one-year requirement applies to buyers who completed a Chapter 13 bankruptcy, have a spotless subsequent credit history and want to get a new loan insured by the Federal Housing Administration, or FHA, or guaranteed by the US Department of Veterans
Updated: 10/11/2011 05:15P
Be kind and unwind: Finra warns about trading in Blockbuster shares
Blockbuster, the former video-store and NYSE-listed company, filed for bankruptcy in September 2010 and sold almost all of its assets to DISH Network Corp., Finra said. The class A shares recently went from around 7 cents a share to 35 cents,
Updated: 10/11/2011 05:05P
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