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Trustee seeks to sell Beatrice biodiesel plant
If the Nebraska Bankruptcy Court approves the plan, Rick Lange, bankruptcy trustee and attorney, plans to either sell the facility outright or put the facility up for auction on November 29th. Executive director for the Nebraska Soybean Board noted
Updated: 10/14/2011 07:36A
Bold face: No white flag for Fighter Group
Bob Scofield, who with wife, Tina, has owned the place since 1990, candidly explained what precipitated his bankruptcy filing. “We owed some money for sales tax from 2008 and 2009 when things got so bad. It was terrible. I went to 14 banks,
Updated: 10/14/2011 07:30A
Bankruptcy may just be the start of Harrisburg's headaches
s, decision to file for bankruptcy protection is certain to be a long, arduous and costly process, experts say. That's why so few municipalities have chosen what could be a scorched-earth option for their credit rating since the law was enacted in 1937
Updated: 10/14/2011 07:29A
Gov. Robert Bentley: Special session to deal with Jefferson County's finances
Bentley tells The Birmingham News (http://bit.ly/rn2Ey8) that a special session is unlikely because of continued disagreements among lawmakers about how to help the county avoid bankruptcy. Bentley has said he would call a special session of the
Updated: 10/14/2011 07:17A
Ailing solar firm's CEO resigns
The chairman and CEO of a California solar energy company that sought bankruptcy protection after receiving a half-billion-dollar loan guarantee from the Obama administration has resigned. Solyndra Inc. said in papers filed in Delaware bankruptcy court
Updated: 10/14/2011 07:15A
G-20 finance ministers gather in Paris to discuss new plan to fix Europe
AP PARIS — Finance ministers and central bank governors of the world's leading economies are gathering in Paris to discuss how to save Greece from bankruptcy, beat a path out of Europe's wider debt crisis and restart global economic growth.
Updated: 10/14/2011 07:14A
Burned by guaranty of incinerator bond debt, the city of Harrisburg
The City of Harrisburg, Pennsylvania—the state's capital—filed for bankruptcy under Chapter 9 of the United States Bankruptcy Code on Wednesday October 12, 2011, indicating that it owed fewer than 50 creditors more than $545 million.
Updated: 10/14/2011 07:00A
What does the Harrisburg, PA bankruptcy mean for muni bonds?
This week, Harrisburg, PA filed for Chapter 9 bankruptcy protection. Pennsylvania's capital city was facing $458 million in creditors and claims and a state takeover, according to media reports. The City Council voted 4-3 to seek bankruptcy protection
Updated: 10/14/2011 06:52A
OUR VIEW: There is no acceptable alternative to lawmakers passing bills to
The alternative is bankruptcy, more massive cuts in county services and, likely, steeper increases in sewer rates than in the proposed county settlement with sewer creditors. The settlement calls for sewer rates to go up 8.2 percent a year for three
Updated: 10/14/2011 06:47A
IN RE KMART CORPORATION
(the "Bankruptcy Code") of Kmart's plan of reorganization. 1 For the reasons stated, the court will continue the motions for a status hearing to afford the parties an opportunity to address the issue of whether this court has subject-matter
Updated: 10/14/2011 06:45A
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