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RBS Seeks to 'Strike' Lehman's $345 Million Payment Demand
Oct. 18 (Bloomberg) -- Royal Bank of Scotland Group Plc asked a bankruptcy judge to reject a $345 million payment demand by Lehman Brothers Holdings Inc.'s brokerage, saying the defunct firm didn't comply with bankruptcy rules when it
Updated: 10/18/2011 11:37A
Books-A-Million stores to open next month
A bankruptcy judge in August approved Alabama-based Books-A-Million's bid to take over the leases of 14 Borders locations by Sept. 20 following Borders' liquidation. The company will also open a smaller store at a Borders-operated Waldenbooks location
Updated: 10/18/2011 11:34A
Graceway Pharmaceuticals Wins Court Approval to Conduct Auction
Graceway Pharmaceuticals LLC, a maker of skin treatments and asthma medication that sought bankruptcy court protection last month, won approval to sell virtually all its assets at auction.
Updated: 10/18/2011 11:17A
AMR Corp Bankruptcy May Still Be an Option
(NEW YORK) --For US air carrier AMR Corp (NYSE:AMR) the prospects for a Chapter 11 pre-package bankruptcy may not just be a rumor swirling around the trading desks, but such a move may be their best bet in trying to lower their operating costs,
Updated: 10/18/2011 11:03A
Media strike in Greece ahead of labour walkout
Greece was left without news coverage on Tuesday as journalists went on strike ahead of a two-day walkout by unions seeking to block an austerity bill that the government must pass to avert bankruptcy. Greek journalists gather outside their union
Updated: 10/18/2011 11:02A
Filene's Basement set to shutter four Mass. stores
But the discount clothing retailer, purchased in 2009 out of bankruptcy for $63M, is closing most of its Massachusetts stores by the end of this year. Filene's Basement is set to close four stores in Massachusetts by year's end, the discount retailer
Updated: 10/18/2011 11:01A
Homeowner Association Danger in Bankruptcy
If you are a homeowner association member filing for bankruptcy, there is an obscure provision in the law you must be aware of. The Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) passed in 2005 allows these associations to impose fees
Updated: 10/18/2011 11:00A
Evergreen Solar manufacturing plant heads to auction
In the wake of Evergreen's bankruptcy filing in August 2011, the United States Bankruptcy Court has appointed Hilco Industrial, LLC to auction off the company's remaining assets in the US It's a relatively quick turnaround that's spurred some outcry
Updated: 10/18/2011 10:59A
Washington Mutual Shareholders Challenge Inside Trading Appeal
Shareholders have moved to block appeals of a ruling that pushed four major hedge funds toward a trial over insider trading in Washington Mutual Inc.'s $7 billion bankruptcy case. To continue, please log in, register or subscribe.
Updated: 10/18/2011 10:57A
Syms: Plan to close four Mass. Filene's Basement stores is two years old
New Jersey clothing retailer Syms said it will shut down four Filene's Basement stores in Massachusetts as part of the bankruptcy process it started more than two years ago. "The four Filene's Basement stores located in Simon Malls in
Updated: 10/18/2011 10:57A
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