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When your borrower files bankruptcy - a 10-point checklist
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: 10/13/2011 12:39P
Solyndra's CEO Departs Amid Growing Scandal
Brian Harrison, the chief executive of Solyndra – the solar energy firm that filed for bankruptcy last month after receiving a $528 million federal loan – has stepped down in the wake of multiple investigations into the company that threaten to tarnish
Updated: 10/13/2011 12:38P
Bankruptcy: Could the cost of going bankrupt rise again?
A major overhaul of the bankruptcy fee structure is needed, the Insolvency Service has warned, after declaring it cannot sustain the current level of cases where the assets have no value. Stephen Speed, agency chief executive of the Insolvency Service,
Updated: 10/13/2011 12:35P
Madoff Trustee Says Defendants' Judge-Shopping Perverts Law
Picard's filing was a response to the effort by Melvyn Weiss, the disbarred co-founder of the law firm Milberg LLP, to move a case to district court. Higher-court rulings on the power of bankruptcy judges, including one in the Anna Nicole Smith case,
Updated: 10/13/2011 12:35P
Open Range Communications files bankruptcy seeking to either sell assets or
The Open Range bankruptcy is before the Honorable Kevin J. Carey under case no. 11-13188 (KJC). Judge Carey previously served as Chief Judge of the Delaware Bankruptcy Court. Open Range is represented by the law firm Cole, Schotz, Miesel,
Updated: 10/13/2011 12:34P
Bankruptcy Splits Harrisburg
State and county leaders, as well as Harrisburg's mayor, maintain the bankruptcy was prohibited by state law. But Mark Schwartz, the city council's bankruptcy attorney, says he may challenge the constitutionally of an amendment to the state fiscal code
Updated: 10/13/2011 12:27P
Truth & Rumors: Trump buys Doral Resort for $170 million
The Doral Resort in Miami has been on the clearance rack since its previous owners filed for Chapter 11 bankruptcy in February. Who better to step in and return the property to its former glory that America's most famous real estate mogul?
Updated: 10/13/2011 12:25P
Projects That Don'T Deserve Funding
(Editor's note: This project won't happen due to the bankruptcy of the company.) But that defense is false. The panels would actually be leased to the town, and the town would receive the power produced, while the company they are leased from would
Updated: 10/13/2011 12:22P
State: Plan rejections already triggered Hbg.'s funding penalty
The Harrisburg City Council's decision to file for Chapter 9 municipal bankruptcy protection will not lead to the suspension of commonwealth funding. That penalty already was on the table with the council's rejection of fiscal recovery
Updated: 10/13/2011 12:22P
Saab gets some Chinese money, lives to see another day
As Saab teeters on the edge of bankruptcy while attempting to shelter themselves under the protective arm of the Swedish government during corporate restructuring, the struggling Swedish automaker has reportedly received the first chunk of a $97
Updated: 10/13/2011 12:21P
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