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Bailout for Saab?
The car company's owner, Swedish Automobile, has been operating under the Swedish version of bankruptcy protection. The company had to secure a loan and equity investments from two Chinese companies to keep paying wages to its employees.
Updated: 10/20/2011 09:49A
Greece May Go Bankrupt, Even with New Loans
Greece will be getting another round of international bailout loans, but the second rescue package may not be enough to save it from bankruptcy. Debt inspectors from Europe and the International Monetary Fund made that conclusion in a draft report
Updated: 10/20/2011 09:48A
Pennsylvania governor signs Harrisburg takeover bill
In a bid to resolve its debt crisis, the Harrisburg City Council voted 4-3 on October 11 to file for a Chapter 9 municipal bankruptcy. The action immediately generated conflict between the City Council and the mayor, Linda Thompson, and the state
Updated: 10/20/2011 09:48A
NEW – Corbett signs Harrisburg takeover bill
It lets Corbett 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, but not raise taxes.
Updated: 10/20/2011 09:44A
Tribune's $7 Million Tax-Claim Settlement Approved by Judge
Oct. 20 (Bloomberg) -- Tribune Co., the biggest media company in bankruptcy, won a judge's approval to pay the US Internal Revenue Service $7 million to settle claims it violated US tax law. The IRS originally sought $37.5 million in
Updated: 10/20/2011 09:40A
Tennessee Truck Stop That Got $424K in Federal Funds Files for Bankruptcy
An electrified truck stop in Tennessee filed for bankruptcy, just months after obtaining $424000 in federal stimulus funds. The Tennessee Department of Transportation (TDOT) handed out the Environmental Protection Agency (EPA) stimulus grant for
Updated: 10/20/2011 09:39A
The Daily Docket: US Private Equity Firm Throws Saab a Lifeline
Read the Dow Jones Newswires story here in Daily Bankruptcy Review. Jameson Inn, a chain of 103 budget hotels in the Southeast and Midwest, moved to thwart a planned foreclosure by creditor Colony Capital LLC by putting an affiliated entity into
Updated: 10/20/2011 09:38A
Corbett signs Harrisburg takeover bill
It lets Corbett 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, but not raise taxes.
Updated: 10/20/2011 09:36A
Gov. Corbett signs bill giving him unprecedented power over financially
It lets Corbett 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, but not raise taxes.
Updated: 10/20/2011 09:32A
Pa. Gov. Corbett signs Harrisburg takeover bill
AP Sports News Video Entertainment News from AP Entertainment News from AP AP National News Video More>> Anti-Wall Street protesters march past millionaires' homes in New York: 'Tax the rich!' More>> HARRISBURG, Pa. (AP) - Gov.
Updated: 10/20/2011 09:27A
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