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One Virginia Municipality On The Brink
"Certain taxes related to business have also been declining and that the state has also been backing out or slimming down on the amount of money they provide for public services such asr public education or public safety." And, he warns, cities like
Updated: 10/24/2011 03:33P

JPMorgan Seeks to Seal Court Papers in $6 Billion Fight With Lehman
15, 2008 bankruptcy, failed to sell collateral securing the loans in a “commercially reasonable manner,” it alleged in a filing where passages were blacked out. Lehman asked the judge to hold a hearing on the issue and then cut the claims as he
Updated: 10/24/2011 03:32P

Cagle's, Inc. & Cagle's Farms, Inc. File Voluntary Petitions To Reorganize
Cagle's filed the petitions today in the United States Bankruptcy Court for the Northern District of Georgia in Atlanta, Georgia. Cagle's emphasized that normal operations and customer service will continue without disruption, including sales,
Updated: 10/24/2011 03:31P

Geely Has No Interest in Troubled Saab
Troubled Swedish car maker Saab Automobile AB edged closer to bankruptcy after it said it had terminated rescue funding agreements with Chinese auto makers Youngman Lotus Automobile Co. and Pang Da Automobile
Updated: 10/24/2011 03:22P

Saab rejects 100% share move from China
Saab says it has turned down an offer from Pang Da and Youngman to purchase 100% of its shares, as it waits for a court decision on whether or not to lift its bankruptcy protection. The news comes as the Swedish automaker revealed it had also
Updated: 10/24/2011 03:08P

Individuals charged with fraud and bankruptcy & insolvency act charges
The allegations relate to fraud and the abuse of the bankruptcy process. Sasi MASILLAMANY, 28 years of age, of Markham, Ontario, has been charged with one count of fraud over $5000 contrary to the Criminal Code and ten counts under the Bankruptcy
Updated: 10/24/2011 03:03P

Vitro's 'Unorthodox' Debt Plan Spurs US Lawmakers' Complaints
The Mexican glassmaker's bankruptcy strategy would “chill cross-border investment” and shouldn't be allowed to set a legal precedent, Representatives Patrick Meehan of Pennsylvania and Jared Polis of Colorado wrote in an Oct. 20 letter to the envoy,
Updated: 10/24/2011 02:54P

No Surprise Here
There has been quite a bit of buzz about a recent bankruptcy case involving an Alaska asset protection trust. However, the case merely confirms a weakness in the use of domestic asset protection trusts that was obvious even before this case.
Updated: 10/24/2011 02:52P

Scottish Insolvencies Up By 4%, Says Trust Deed Scotland Company
The Accountant in Bankruptcy (AiB) released its second quarter figures for 2011, revealing bankruptcies have dropped while Debt Arrangement Scheme based on payment plans have rapidly increased. Overall bankruptcy awards are down 8% compared to the
Updated: 10/24/2011 02:49P

Thirty-Four Burns & Levinson Attorneys Included in 2011 Massachusetts Super
The firm has expertise in corporate law, finance, venture capital, private equity, tax, bankruptcy, lending and leasing, real estate, business litigation, government investigations and white collar crime defense, intellectual property - including
Updated: 10/24/2011 02:48P

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