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Fry's Electronics to Omar Siddiqui: You still owe us $65 million
Siddiqui filed for bankruptcy in July, listing $137 million in debt, much of it to casinos. Many debts can be wiped clean in a bankruptcy, but the law also allows some debts to remain, including those acquired in an "offensive" manner, such as stealing
Updated: 10/18/2011 03:15P
Pa. Senate passes Harrisburg takeover bill
Tom Corbett, who is expected to sign it into law. It is unclear how the measure will affect the city, now that a City Council petition is in federal bankruptcy court. Proponents say it'll force local officials to take responsibility for their affairs,
Updated: 10/18/2011 03:08P
Morgan Drexen Technology Eases the Burden of Rising Filings
Despite the recent rise in the trend for bankruptcy filings, Morgan Drexen supported attorneys this week have reported debt resolution statistics of $295 million. Morgan Drexen's Integrated Systems (MDIS) provides simplistic and effective business
Updated: 10/18/2011 03:08P
Can Second Lender Foreclose After Bankruptcy?
I had my first mortgage and two HELOCs, or home equity lines of credit, included in the bankruptcy, never reaffirmed, but continued to live in the home and pay all three mortgages. The balloon payments on the HELOCs are due next year.
Updated: 10/18/2011 03:08P
Bankruptcy Lawyer in Colorado Inc. Launches Business Unit That Saves People
Denver, CO -- (SBWIRE) -- 10/18/2011 -- Axela Inc, parent company of Bankruptcy Lawyer in Colorado is launching a new product line to increase its' scope of clients. They are changing their focus on the bankruptcy niche and moving away from their core
Updated: 10/18/2011 03:02P
Tennessee misses list of top states for solar jobs
With the recent bankruptcy of Solyndra in California, much of the national discussion has centered on the increasingly competitive international market for solar industries, competition that has depressed the price of components like polysilicone.
Updated: 10/18/2011 03:02P
Solyndra: $1.2 billion in contracts undercut by China
The company filed for bankruptcy in early September and days later was raided by the Federal Bureau of Investigation. Solyndra has become an embarrassment for the Obama administration, which provided it a $535 million government loan that now seems
Updated: 10/18/2011 03:01P
Third Quarter Bankruptcy Numbers in Albany Decline
According to the Albany office of the US Bankruptcy court, third-quarter bankruptcy filings in the greater Capital Region fell by 18% year-on-year from July to September. These are levels not seen since 2007. Year to-date filings are also by about 16%
Updated: 10/18/2011 02:59P
Morris, Manning & Martin Elects Three to Partnership
John has served as lead counsel in arbitrations, bench trials and actions seeking injunctive relief. He received his law degree from the University of Texas School of Law. Lisa Wolgast is in the firm's Creditors' Rights & Bankruptcy Practice.
Updated: 10/18/2011 02:54P
Greek media strikes ahead of 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. Hundreds of journalists protested in central
Updated: 10/18/2011 02:51P
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