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Saab administrator applies to stop reorganisation
By John Reed in London Saab said its administrator was pulling the plug on its reorganisation, pushing the long-struggling Swedish carmaker closer to bankruptcy. The court-appointed administrator took action despite an announcement earlier on Thursday
Updated: 10/20/2011 06:11P
Pennsylvania takes over finances of capital city
bankruptcy petition, which could help determine whether the city's filing will be allowed to stay in court. Corbett said he remains a strong proponent of allowing municipal government to solve its own financial problems but that the state must act
Updated: 10/20/2011 06:08P
Saab's Survival Chances Dwindle
By Ola Kinnander - Thu Oct 20 22:01:58 GMT 2011 Saab Automobile's chances of avoiding bankruptcy dwindled after the two Chinese companies that had agreed to invest in the company instead offered to buy it for a token sum, people with knowledge of the
Updated: 10/20/2011 06:07P
Solar-Panel Maker Solyndra Lobbied as Its Cash Was About Out
By Jim Snyder Oct. 20 (Bloomberg) -- A Washington lobbying firm reported it did $20000 of work for Solyndra LLC as the company approached bankruptcy, according to federal documents. The Glover Park Group LLC registered as Solyndra's lobbyist in July,
Updated: 10/20/2011 06:02P
Cadwalader, Wickersham & Taft | General Growth Properties Bankruptcy Court
5 Notably, the Bankruptcy Code is silent with respect to whether curing a default under section 1124(2) requires a debtor to pay accrued interest at the contractual non-default rate or the contractual default rate. A body of case law, including several
Updated: 10/20/2011 06:00P
Skadden, Arps, Slate, Meagher & Flom LLP | "Third Circuit Holds Portion of
The Third Circuit's reasoning in Marcal creates uncertainty about the characterization of termination liability claims in bankruptcy for a single-employer defined benefit pension plan. As a result of this uncertainty, debtors may seek to expedite
Updated: 10/20/2011 06:00P
Greece riots leave 100 people wounded
ATHENS, Greece (AP) — Greek lawmakers passed a deeply resented new austerity bill Thursday, caving in to the demands of international creditors in order to avoid a national bankruptcy, as a second day of riots
Updated: 10/20/2011 05:58P
Government Accountability Office: $36.8 Billion Sitting in Asbestos Trusts
The trusts stem from the increased number of bankruptcy filings over the past decade. Since the first trust was established in 1988, all the trusts have distributed $17.5 billion, including $3 billion to 475000 claimants in 2010.
Updated: 10/20/2011 05:52P
Greece austerity bill passes amid rioting
Greek lawmakers passed a deeply resented new austerity bill Thursday, caving in to the demands of international creditors in order to avoid a national bankruptcy, as a second day of riots left one protester dead and more than 100 people wounded.
Updated: 10/20/2011 05:51P
Deep cuts trigger fresh riots in Greece; 100 hurt
(AP Photo/Thanassis Stavrakis) ATHENS, Greece ( -- Greek lawmakers passed a deeply resented new austerity bill Thursday, caving in to the demands of international creditors in order to avoid a national bankruptcy, as a second day of riots left one
Updated: 10/20/2011 05:41P
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