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City Officials Sound Off on Southern Montana Electric's Bankruptcy Filing
By KFBB News Team Southern Montana Electric filed for bankruptcy Friday evening and Great Falls city officials are responding to Southern Montana Electric's (SME) decision to not only raise rates by about 20% but Great Falls City Attorney Jim Santoro
Updated: 10/24/2011 01:35A
GAO Report Confirms Asbestos Bankruptcy Trust System Is Broken
The GAO report explicitly acknowledges that the asbestos bankruptcy trusts, which are established by bankrupt companies and currently control over $36 billion in assets, do not make claimant filing information publicly available.
Updated: 10/24/2011 01:12A
A civic gem falls into despair
Pennsylvania's state capital has filed for bankruptcy fuelling fears it is the first domino in a chain of municipal defaults, but Harrisburg's fate may have as much to do with politics as finance. AFP PHOTO/Mladen ANTONOV (Photo credit should read
Updated: 10/24/2011 01:01A
McCourt, Selig Prepare for Court Fight Over Dodgers
Selig will argue McCourt's unfitness to be an MLB franchise owner, while McCourt will assert Selig's unfairness as commissioner. The Dodgers filed for bankruptcy protection last June after MLB rejected a television deal with News Corp.'s Fox Sports.
Updated: 10/24/2011 12:49A
Dueling stories of rags to riches
Before she was as a bankruptcy expert and a Wall Street watchdog, she was the fourth child of an Oklahoma carpet-seller-turned-maintenance-man whose heart attack cost her family their financial security and their car. Now a Democratic candidate for the
Updated: 10/24/2011 12:42A
Solyndra-linked fundraiser still boosting Obama campaign
President Obama lifts a solar panel during a tour of Solyndra, a solar panel manufacturing facility in Fremont, Calif., that declared bankruptcy this summer. (MANDEL NGAN, AFP/Getty Images / September 14, 2011) By Peter Nicholas and Tom Hamburger,
Updated: 10/24/2011 12:38A
Goldman, Standard Bank, Statoil, BofA, Abbott in Court News
Brigham Exploration Co., CA6962, Delaware Chancery Court (Wilmington) Andrew Madoff, son of confidence man Bernard L. Madoff, asked to appeal a bankruptcy judge's ruling that allowed a $198 million lawsuit by the liquidator of his father's firm to go
Updated: 10/24/2011 12:28A
Officials disagree over impact of Harrisburg's financial woes
Harrisburg filed for federal Chapter 9 municipal bankruptcy protection Oct. 12, despite a law passed in June barring Pennsylvania municipalities from filing for bankruptcy for a year. The bankruptcy petition claims "imminent jeopardy through six
Updated: 10/24/2011 12:22A
Goldman, Standard Bank, Statoil, BofA, Abbott, News Corp. in Court News
Brigham Exploration Co., CA6962, Delaware Chancery Court (Wilmington) Andrew Madoff, son of confidence man Bernard L. Madoff, asked to appeal a bankruptcy judge's ruling that allowed a $198 million lawsuit by the liquidator of his father's firm to go
Updated: 10/24/2011 12:22A
Harrisburg Receivership Bill Shows States Becoming Faster to Seize Control
5, Vallejo, California, emerged from a three-year bankruptcy. It cut its police force by a third, a move that drew prostitutes, pimps and drug dealers. A California law that takes effect in January makes it more difficult for municipalities to declare
Updated: 10/24/2011 12:20A
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