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TH Properties fights Chapter 7 motion
TH Properties has filed court papers arguing against a move from Chapter 11 to Chapter 7 bankruptcy. A trustee in the case has made a motion for Chapter 7, which would liquidate THP. THP says it's now at the end of a reorganization process that will
Updated: 10/19/2011 09:03P
DelShah Capital Makes First Foray into Williamsburg
If DelShah takes possession of the deed at the bankruptcy auction, it says it plans to work with the current residents to strengthen the tenancy and invest resources to revitalize the property. "The tenants are looking for a quick resolution to the
Updated: 10/19/2011 08:58P
Auto trust could help Ohioans
A US bankruptcy court in New York authorized the creation of the Auto Retiree Voluntary Employee Benefit Association (VEBA) Trust, the first “industry-wide” VEBA created, the firm said. Usually, VEBAs — trust funds created to support benefits — are
Updated: 10/19/2011 08:52P
Plan 9 Music files for bankruptcy
Plan 9 Music, a fixture in Carytown for 30 years, has filed for Chapter 11 bankruptcy protection after battling to stay in business in the face of changing consumer habits and the economic downturn. The record store company filed Monday in Richmond.
Updated: 10/19/2011 08:50P
American posts another loss; analysts worry about bankruptcy
"Our labor costs are higher than most of the other airlines we compete with on a daily basis, many of whom reduced their costs by going through bankruptcy," said American Airlines spokesman Tim Smith. Industry analysts say American is the only major
Updated: 10/19/2011 08:48P
BC-GREECE--(OVERNIGHTER)
ATHENS - Angry protesters vowed to bring Greece to a standstill on the second day of a general strike on Thursday while disgruntled lawmakers vote on the details of a deeply unpopular austerity package needed to stave off bankruptcy.
Updated: 10/19/2011 08:44P
New bankruptcy law is the only lifeline for people drowning in debt
Beyond bankruptcy, bailiffs and humiliation-what prospects do creditors have? They face a cul-de-sac of impairments. It's the same story for Germany and European banks with imminent Greek sovereign default. In the conflict between mortgage lenders and
Updated: 10/19/2011 08:37P
Filing Chapter 7 bankruptcy in Arizona: What happens to a second mortgage/home
As a bankruptcy attorney, one question I get a lot from clients is what happens to their second mortgage or home equity line of credit (HELOC) when they file for Chapter 7 personal bankruptcy? Bankruptcy law generally protects your home,
Updated: 10/19/2011 08:33P
American Airlines parent reports $162-million loss in third quarter
AMR Corp., which is rumored to be near bankruptcy, blamed the red ink mostly on high fuel costs and unfavorable foreign-exchange rates. The results contrast with a profit of $143 million a year earlier. AMR Chief Executive Gerard Arpey said American
Updated: 10/19/2011 08:30P
Solyndra beats back federal takeover, but not Justice concerns
Lisa D. Tingue, an attorney for the US Office of the Trustee, an arm of the Justice Department that oversees bankruptcy cases, on Monday cited the continuing employment of Solyndra's chief financial officer, WG Stover, as a factor in the government's
Updated: 10/19/2011 08:29P
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