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To bankrupt or not to bankrupt
The news is that Harrisburg has filed for bankruptcy. While technically true that they have filed for bankruptcy, this may be shot down before it all begins. The funniest part of this at the moment is that
Updated: 10/19/2011 03:17P
Harrisburg goes local in tapping bankruptcy lawyer
(Reuters) - You might think the capital city of a US state would tap a high-powered, national law firm to handle its bankruptcy case. But when Harrisburg, Pennsylvania filed for bankruptcy last week, it hired a one-lawyer, local shop with
Updated: 10/19/2011 03:16P
State lawmakers question green tax break program
(AP) — California lawmakers on Wednesday will scrutinize a tax break program intended to promote the growth of alternative energy companies such as Solyndra, which filed for bankruptcy protection after being granted one of the exemptions. State Sen.
Updated: 10/19/2011 03:13P
Borders customers given more time to stop personal info transfer
Borders recently filed for bankruptcy and received approval from bankruptcy court to sell its customer information to Barnes & Noble bookstores. "Former customers of Borders whose information is being transferred to Barnes & Noble now have more time
Updated: 10/19/2011 03:09P
US Chamber: GAO Report Confirms Asbestos Bankruptcy Trust System Is Broken
The GAO report explicitly acknowledges that the asbestos bankruptcy trusts, which are established by bankrupt companies and currently control over $36 billion in assets, do not make claimant filing information publicly available.
Updated: 10/19/2011 03:09P
Violence breaks out in Greece
Greek police fired tear gas as protestors threw firebombs, burnt dustbins and vandalised shops on Wednesday at the start of a two-day strike ahead of a vote on a new austerity bill to stave off bankruptcy. Police in Athens clashed with protesters
Updated: 10/19/2011 03:08P
Celebrity Chef With Prior Legal Troubles Puts Restaurants in Chapter 11
David Ruggerio, a former Food Network host and the owner of several Manhattan restaurants, put two of his restaurants in Chapter 11 bankruptcy protection last week. The adjacent properties on the Upper West Side, Jalapeo and
Updated: 10/19/2011 03:00P
Greece to hold first vote on austerity bill late Wednesday
The Greek parliament will late Wednesday hold its first vote on a new austerity bill to stave off bankruptcy which has sparked furious and violent demonstrations in the country, officials said. Lawmakers will hold a first vote on the principle of the
Updated: 10/19/2011 02:56P
Falmouth condo developer files for bankruptcy protection
The developer of a Falmouth condominium project filed Wednesday for protection under Chapter 11 of the federal bankruptcy code. Abby Real Estate Development Inc. listed assets of $5.4 million and liabilities of $4 million. The biggest asset, by far,
Updated: 10/19/2011 02:55P
Innkeepers ends dispute, to sell hotels for $1 billion
In a statement, Innkeepers said it plans to modify its reorganization plan approved in June by the US Bankruptcy Court in Manhattan to allow the sale, and to enable the company to emerge from Chapter 11. Innkeepers had in August sued Cerberus and
Updated: 10/19/2011 02:52P