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* Court to decide in days on Saab's future
It was given court protection from creditors and bankruptcy claims in September -- the second time in around two years -- owing hundreds of millions of crowns to workers and suppliers. Salvation was meant to come from investment by Chinese auto firms
Updated: 10/21/2011 11:35A
Saab faces scrapyard as court considers fate
It was given court protection from creditors and bankruptcy claims in September -- the second time in around two years -- owing hundreds of millions of crowns to workers and suppliers. Salvation was meant to come from investment by Chinese auto firms
Updated: 10/21/2011 11:33A
Margin Call doesnt get to the center of the crisis [Examiner, The (Wash., DC)]
Three years after the bankruptcy of Lehman Brothers helped start a spiral that still hasnt stopped, the question remains mostly unanswered. The new film Margin Call is an ambitious attempt to explain not how the financial crisis unfolded, but why those
Updated: 10/21/2011 11:32A
Commentary: Paris of my youth hits the skids
The city council of Harrisburg, Pa., my hometown, voted last week to file for bankruptcy. The state may prohibit the move, opting to force the city into receivership instead. Either way, it's quite a comedown; Harrisburg has joined the list of
Updated: 10/21/2011 11:28A
Will Saab Automobile sink or get bailed out?
As Saab Automobile's deal with Chinese investors faltered, the company's bankruptcy reorganization appeared jeopardized, the NY Times and Wall Street Journal reported. But the BBC reported a private US equity firm is investing and loaning Saab millions
Updated: 10/21/2011 11:27A
A Shift in the Balance of Power between Lenders and Borrowers in Brankruptcy
Two recent bankruptcy court decisions requiring separate classification of an undersecured creditor's deficiency claim eliminate a traditional bargaining chip held by a lender: the opportunity to block confirmation of a reorganization plan by
Updated: 10/21/2011 11:27A
Hope Not Enough at Serra Auto Group
Facing internal turmoil as GM went through bankruptcy and government-ordered restructuring in 2009, the Serra group's fate hung in the balance. Joe Serra tightened up and put a plan in motion, heeding Gerosa's advice about not relying on hope.
Updated: 10/21/2011 11:23A
End of the Line for Saab? CEO Rebukes Takeover Offer From Pang Da, Youngman Lotus
With Saab stumbling closer and closer to bankruptcy, its potential Chinese lifelines – distributor Pang Da and automaker Youngman Lotus – offered to take over the company. Saab said no. This summer, Saab struck a $336 million deal with Pang Da and
Updated: 10/21/2011 11:17A
FIFA to make ISL case public
Zurich (dpa) - The president of football?s controlling body FIFA Joseph Blatter said on Friday that his organization had decided to make an investigation into the bankruptcy of former FIFA marketing partners ISL public. "This is an issue which has been
Updated: 10/21/2011 11:09A
Bankruptcy court plans for judge's retirement
Chief United States Bankruptcy Court Judge Carl Bucki laid out a plan Friday to transition the Bankruptcy Court for the Western District of New York into 2012 with the impending retirement of Judge John Ninfo II. Ninfo serves as the bankruptcy judge
Updated: 10/21/2011 11:00A
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