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Hbg. mayor, solicitor: Bankruptcy filing was illegal
The City Council's votes Tuesday to hire outside counsel and petition for federal bankruptcy protection were illegal, said Harrisburg Mayor Linda Thompson and acting city solicitor Jason Hess. It was "procedurally defective" for the
Updated: 10/12/2011 04:50P
Madoff Trustee Says Defendants 'Eviscerate' Bankruptcy Court
Picard made the statements in a filing after Melvyn Weiss, the disbarred co-founder of the law firm Milberg LLP, tried to move a lawsuit to district court. Higher court rulings that challenged bankruptcy judges' power, including in the Anna Nicole
Updated: 10/12/2011 04:32P
These Seven Companies Are Headed for Bankruptcy
David Zeiler writes: Ten companies with at least $100 million in assets filed for Chapter 11 bankruptcy last month - the most since April when 17 such companies filed. So far in October five more big companies have filed, including Friendly Ice Cream
Updated: 10/12/2011 03:51P
Harrisburg bankruptcy links: How does City Council's decision impact municipal
By DUSTIN HOCKENSMITH, The Patriot-News City Council's decision to file for bankruptcy "won't stand," a spokeswoman for Gov. Tom Corbett told the Wall Street Journal. The municipal bond market did a collective 'yawn' at the news of Harrisburg's
Updated: 10/12/2011 03:49P
Lehman loses first broker bonus case
Former New York-based broker Jennifer Mitchell does not have to pay back the bonus she received when she joined Lehman three years before the investment bank filed for bankruptcy in September 2008, said a Financial Industry Regulatory Authority
Updated: 10/12/2011 03:46P
Debt-laden Harrisburg files for bankruptcy
(Reuters) - Pennsylvania's capital, Harrisburg, filed for a rare municipal bankruptcy on Wednesday in a desperate bid to resolve its debt crisis, but it now faces a showdown with the state over control of the city. Harrisburg becomes one of the
Updated: 10/12/2011 03:44P
Muni Bond ETFs Shake Off Harrisburg Bankruptcy Filing
Municipal bond exchange traded funds gained ground Wednesday after Harrisburg, Pa., filed for Chapter 9 bankruptcy as experts said the debt represents a tiny portion of the $3 trillion muni bond market, according to reports.
Updated: 10/12/2011 03:43P
13 WTHRTipton County official pleased with solar plant progress
Entertainment News from AP TIPTON - A local official says a solar panel manufacturer planning a major factory in central Indiana has kept up its commitments even as some residents worry about its future after the high-profile bankruptcy of a competitor
Updated: 10/12/2011 03:42P
Why do some cancers cause more financial problems than others?
It's well-established that financial woes can follow a cancer diagnosis (and oft-pricey treatment); this summer we reported on a study showing that bankruptcy rates among cancer survivors are four times as high as the general population five years
Updated: 10/12/2011 03:41P
* Lehman loses first broker bonus case
Former New York-based broker Jennifer Mitchell does not have to pay back the bonus she received when she joined Lehman three years before the investment bank filed for bankruptcy in September 2008, said a Financial Industry Regulatory Authority
Updated: 10/12/2011 03:39P
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