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China Digest: Tencent Weibo English version, China.com filed for bankruptcy
Here are some startup news snippets from China, not only in its capital, Beijing, but also other startup hubs such as Shanghai, Hong Kong, Hangzhou, and many more. (4) In a sure sign that Turntable.fm has made it, it now has its very own Chinese clone,
Updated: 10/18/2011 02:50P
10-Q: IFLI ACQUISITION CORP.
IFLC's bankruptcy case is docketed as In re IFL Corp., Case No. 08-13589 (MG). On November 17, 2008, IFLC sold substantially all of its assets to HD Net LLC ("HD Net") for $650000 cash and the assumption by HD Net of certain obligations, pursuant to a
Updated: 10/18/2011 02:45P
Farmington American Legion files for bankruptcy, has building for sale
The Farmington American Legion Clifford Larson Post 189 has filed Chapter 11 bankruptcy, and has put its building for sale. According to bankruptcy filings, the American Legion estimated its total assets at $50000 or less and liabilities of between
Updated: 10/18/2011 02:40P
NDP tables act to protect pensions
The Pension Protection Act moves pensioners to the front of the line of creditors to be paid out during bankruptcy or restructuring proceedings. Marston explained that pensions are earned, and should be recognized as deferred wages.
Updated: 10/18/2011 02:05P
Access Seeks to Dismiss Madoff Trustee Suit, Cites Mets
“The trustee's avoidance claims are plainly barred against Access,” according to the filing in US Bankruptcy Court in Manhattan. Payments by a stockbroker “are expressly exempted from recovery by the settlement payment safe harbor in the bankruptcy
Updated: 10/18/2011 02:03P
Solyndra $1.2 bln 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 01:58P
Deutsche Bank's Lehman Claims
On Wednesday, Judge James M. Peck of the United States Bankruptcy Court in Manhattan gets to decide that very issue. The debate involves claims against Lehman and one of its subsidiaries that Deutsche Bank bought from the administrator for Lehman
Updated: 10/18/2011 01:58P
Reggae Pop Group UB40 Declares Bankruptcy
According to The Daily Mail, saxophonist Brian Travers, drummer Jimmy Brown, trumpeter Terence “Astro” Wilson and percussionist Norman Hassan were all “declared insolvent.” A seizure of assets has been ordered by a Birmingham Court judge to begin
Updated: 10/18/2011 01:55P
McCourts Reach Divorce Settlement
By Sports Xchange The Los Angeles Times reported the deal that removes a major obstacle in Frank McCourt's plan to retain ownership of the Dodgers by selling the television rights in US Bankruptcy Court. It also sets up a showdown between Frank McCourt
Updated: 10/18/2011 01:50P
Solyndra: $1.2 bln 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 01:46P
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