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WMI Reorganization Produces Potentially Disruptive Bankruptcy Decision
Specifically, a Bankruptcy Court's refusal to confirm a plan in the Washington Mutual Inc. (WMI) reorganization proceedings may herald the rise of a new weapon – the “colorable claim” that a party with an interest prior to one's own has engaged in
Updated: 10/19/2011 08:16P
Solyndra puts off asset auction until Nov. 18
The Fremont company decided to put off its Oct. 27 auction to sell the core business in what is called a turnkey sale, according to a court filing in US Bankruptcy Court in Wilmington, Del. Potential buyers will now have until Nov.
Updated: 10/19/2011 08:15P
Solyndra puts off auction until Nov. 18
The bankrupt Fremont solar panel maker told US Bankruptcy court that it now plans to take bids through Nov. 16 and submit the winner for court approval at a Nov. 22 hearing. It was originally scheduled to do the auction on Oct. 27.
Updated: 10/19/2011 08:14P
FOX5 Vegas - KVVUTropicana Las Vegas having problems keeping attractions
Entertainment News from AP Although it seemed like the perfect place for the Las Vegas Mob Experience, now that exhibit has filed for bankruptcy. Guests staying at the Tropicana say they're not surprised. "They're not really talking about it in there,
Updated: 10/19/2011 08:14P
Solyndra's surplus assets to be offered through global webcast auction
Heritage was granted approval by the bankruptcy court on October 17 to conduct the auction for the surplus assets that will not be required for the restart of the company's production process. Solyndra still intends to sell its core assets on a turnkey
Updated: 10/19/2011 08:10P
Protestors vow to cripple Greece, strike
Angry protesters vowed to bring Greece to a standstill on the second day of a general strike today while disgruntled lawmakers vote on the details of a deeply unpopular austerity package needed to stave off bankruptcy. Parliament is expected to give a
Updated: 10/19/2011 08:06P
Harrisburg city council members respond as takeover bill heads to Corbett's desk
It would enable the governor to order a financially troubled city to obey financial plans drawn up by his appointees, including a receiver who would have the power to sell city assets, approve contracts and file for federal bankruptcy protection,
Updated: 10/19/2011 07:55P
NJ Motorsports Park operators seek bigger profit with more diverse facility in
The more people we get (to the motorsports park), the more people we will get downtown to visit shops, restaurants, and stores in our area.” Scott acknowledges that everything on the park's events wish list might not develop. He noted how the park lost
Updated: 10/19/2011 07:55P
Canyon County drops complaint against Bujak
The complaint asked a bankruptcy judge to hold Bujak financially responsible for debts, including $300000 the county says it's owed, despite bankruptcy. The move to drop the complaint is procedural because of other actions that have taken
Updated: 10/19/2011 07:48P
Judge rejects house bid by Anglo-Irish's Drumm
A federal judge rejected a bid by David K. Drumm, the embattled former chief of Anglo-Irish Bank , to keep his Cape Cod or some proceeds of its sale should by the trustee overseeing his bankruptcy. Drumm sought to keep protect the house,
Updated: 10/19/2011 07:38P
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