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Harrisburg Moves Toward Bankruptcy
After months of contentious debate among city and state officials, the Harrisburg city council late Tuesday approved by a 4-3 vote a resolution allowing the troubled city to file for bankruptcy protection. The city, which faces $300 million in debt
Updated: 10/12/2011 11:35A
Lehman Brothers court, building on <i>Semcrude</i> and <i>Swedbank</i
The United States Bankruptcy Court for the Southern District of New York (the Court), has held that section 553(a) of the Bankruptcy Code prohibits a swap counterparty from setting off amounts owed to the debtor against amounts owed by the debtor to
Updated: 10/12/2011 11:35A
Sinatra heirs say baseball should be able to sell Dodgers,
The team wants court permission to auction future television rights to raise enough money to exit bankruptcy. Fox, Selig and the Ad Hoc Committee of Season Ticket Holders asked US Bankruptcy Judge Kevin Gross in Wilmington to say no.
Updated: 10/12/2011 11:32A
Harrisburg, PA's Capital, Seeks Bankruptcy Protection
Pennsylvania's capital has authorized a bankruptcy filing, making the city the nation's highest-profile municipality to acknowledge that it can no longer handle its burdensome debt. Harrisburg's city council authorized the measure Tuesday after the
Updated: 10/12/2011 11:32A
Harrisburg, Pa., Files For Bankruptcy
NEW YORK -- After months of contentious debate among city and state officials, the Harrisburg, Pa. city council late Tuesday approved by a 4-3 vote a resolution allowing the troubled city to file for bankruptcy protection. The city, which faces $300
Updated: 10/12/2011 11:28A
Poll: Most oppose bankruptcy for Harrisburg
Most Harrisburg voters do not believe bankruptcy is the city's best option for fiscal recovery, and many have little or no confidence that Mayor Linda Thompson and City Council can solve the financial situation alone,
Updated: 10/12/2011 11:23A
INTERVIEW-William Brandt: law-firm bankruptcy repo man
He helped rewrite changes to the US Bankruptcy Code implemented in 2005, which were part of the Bankruptcy Abuse Prevention and Consumer Protection Act. Signed by President George W. Bush, the law was intended to make the bankruptcy process more
Updated: 10/12/2011 11:15A
Harrisburg, PA files for bankruptcy
(Reuters) – The Harrisburg, Pa., city council passed a resolution on Tuesday night authorizing a Chapter 9 bankruptcy filing, a city official said on Wednesday. The Pennsylvania state capital faces a $300 million debt crises tied to a project to revamp
Updated: 10/12/2011 11:14A
Chrysler, UAW Strike Labor Deal
The agreement marks Chrysler's first labor contract since its government bailout and bankruptcy filing in 2009. UAW President Bob King said the deal commits Chrysler to more than $4.5 billion investment in new vehicle production.
Updated: 10/12/2011 11:14A
Innkeepers, Cerberus trial delayed to Oct. 20
A lawyer for Innkeepers announced the latest delay after the parties met privately on Wednesday morning with Judge Shelley Chapman in US Bankruptcy Court in Manhattan. No specific reason was given for the postponement. Cerberus and Chatham in August
Updated: 10/12/2011 11:12A
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