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Harrisburg Fiasco Shows States Fast to Grab Power
On Oct. 11, the Harrisburg City Council filed for bankruptcy after the city skipped payments on debt five times its general-fund budget. Last week, Corbett signed the bill that will let the state take control of city finances.
Updated: 10/24/2011 12:42P
Bankruptcy — clerical errors
United States Bankruptcy Court Civil Bankruptcy -- clerical errors Where the denial of a debtor's discharge was incorrectly granted under sec. 727(a)(8), rather than subsec. (a)(2), the error can be corrected. “Although most clerical errors are
Updated: 10/24/2011 12:41P
Selig bends rules to oust McCourt from Dodgers
In a hearing opening Oct. 31 in Wilmington, Delaware, US Bankruptcy Court Judge Kevin Gross will hear arguments about whether Los Angeles Dodgers owner Frank McCourt can auction the TV rights to the team's games or must sell the club,
Updated: 10/24/2011 12:27P
Two ethically compromised campaign veterans with corporate resumes a mile long
Thanks to the horrific 2005 bankruptcy bill, one of the most nakedly venal modern examples of Congress serving the interests of the rentiers and creditors over the vast majority a number of congressional actions, debtors cannot discharge student loans
Updated: 10/24/2011 12:26P
String of closures shakes up Oregon's green industry
Clackamas Greenhouses ceased operations in Oct. 2011 after filing for Chapter 12 Bankruptcy in March 2009. President David Niklas said the company went under after being unable to obtain financing. “The nursery industry is still a category most banks
Updated: 10/24/2011 11:59A
Kodak May Seek $900 Million Cash to Keep Going
Kodak last month issued a statement denying it was considering a bankruptcy filing but confirmed it had hired Jones Day, a top law firm known for bankruptcy and reorganization. Subsequently, it paid $160 million under a current debt obligation.
Updated: 10/24/2011 11:32A
Fearing bankruptcy, Greek Jews ask brethren for help
In order to avoid bankruptcy, Greek Jews have appealed to the American Jewish Joint Distribution Committee (JDC), an international relief group based in New York City, for help. The JDC, which has played a similar role in the past in places like
Updated: 10/24/2011 11:27A
Solyndra Scandal: 5 More US Energy Scandals
The recent bankruptcy of solar energy company Solyndra raises questions regarding its relationship with the US Department of Energy, which allegedly modified a loan agreement to prevent the tettering company
Updated: 10/24/2011 11:18A
COMMENTARY: 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 11:12A
Versata Wins Again - UAE Court Rules
Versata is pleased to announce that the federal court in the United Arab Emirates has now joined a United States federal bankruptcy court and a Japanese court in confirming Versata's exclusive ownership of Think3's intellectual property.
Updated: 10/24/2011 11:04A
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