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Dynegy (DYN), Bondholders Consider Bankruptcy of Dynegy Holdings Unit -Reuters
reporting Dynegy (NYSE: DYN) and its bondholders may be in talks about a possible bankruptcy of the company's Dynegy Holdings segment. Apparently creditors rejected a $1.25 billion refinancing plan. Reuters is saying the bankruptcy wouldn't
Updated: 10/25/2011 08:03A
Grace Reports Third Quarter Earnings
Grace expects to generate significant US Federal net operating losses upon emergence from bankruptcy. Income taxes paid in cash, excluding tax settlements, were $28.2 million for the nine months ended September 30, 2011, or approximately 9 percent of
Updated: 10/25/2011 07:59A
CIT swings to loss on steep debt prepayment costs
The lender to small and mid-sized businesses emerged from bankruptcy protection nearly two years ago after deep struggles during the credit crisis. The company's efforts to pay down high-cost debt, while making considerable progress, have also been a
Updated: 10/25/2011 07:56A
CIT Group reports loss on debt repayment costs
Oct 25 (Reuters) - CIT Group Inc, the business lender led by Wall Street executive John A. Thain, posted a loss in the third-quarter as it recorded additional costs for restructuring debt left from its bankruptcy in 2009. The company's loss was $16
Updated: 10/25/2011 07:45A
Kaustinen Folk Music Festival Foundation is facing bankruptcy
The Court of Appeal explained its decision by saying that according to the law, a foundation cannot be a target of debt restructuring. At present, the activities of the foundation's former management are under police investigation.
Updated: 10/25/2011 07:03A
Damon's closes last four company-owned locations
The Columbus-based casual dining chain has been mired in Chapter 11 bankruptcy for two years and recently closed four restaurants in the Cleveland market. The chain entered 2010 with 39 restaurants, but sits at 31 today. It had 53 locations when it
Updated: 10/25/2011 06:45A
UB40's Ali Campbell Declared Bankrupt
Campbell now joins Brian Travers, Jimmy Brown, Terence Oswald and Norman Hassa - all confirmed to be in a state of bankruptcy last week. The declaration took place at Bournemouth county court in June according to The Sunday Mercury.
Updated: 10/25/2011 06:41A
New Details On Windrush Woes Emerge in Hearing
A bankruptcy hearing Monday revealed that the head of financially threatened Windrush School recently received $69593 in cashed-out vacation pay, that the school's finance director is leaving and that 11 students have quit the school in the past month.
Updated: 10/25/2011 06:39A
Court registers petition for major Urals engineering plant's bankruptcy
A commercial court has registered a bankruptcy application filed for the Urals heavy machines manufacturing facility, the court told the Russian Legal Information Agency (RAPSI). The hearing date has yet to be scheduled. Uralmashzavod is a leading
Updated: 10/25/2011 06:35A
Student Loans Not Typically Exempt in Bankruptcy Reports Iowa Bankruptcy Lawyer
Des Moines, IA (Law Firm Newswire) October 25, 2011 – Although it would be nice if student loans were exempt when one declares bankruptcy, this is not usually the case. “There are a great number of things that are exempt when you declare bankruptcy,”
Updated: 10/25/2011 06:32A
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