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EconomicsAmerica to be part of Effingham schools
The numbers aren't good, with the National Bankruptcy Research Center releasing figures earlier this year showing Georgia ranks second in the nation in personal bankruptcies filed, and sixth in home foreclosures. To help Effingham K-12 students learn
Updated: 10/25/2011 11:14A
Tax Research LLP | Jersey plans to use its 'rainy day' fund as it slips
I have long forecast that as a result of continuing financial deficts arising from Jersy's decision to impose a 0% tax rate on companies it would eventually go bust. I havenever seen reason to change that opinion and although the latest budget for
Updated: 10/25/2011 11:13A
CIT Logs Loss but Stays Optimistic
"We advanced our 2011 priorities by growing business volumes, accessing diverse funding markets, and further reducing high cost debt," Mr. Thain, chairman and CEO, said in a statement. Mr. Thain joined CIT in February 2010 and has been working to get
Updated: 10/25/2011 11:07A
US state of Pennsylvania declares fiscal emergency
Harrisburg, which has more than $300 million in debt linked to a revamp of its incinerator, declared bankruptcy earlier this month. Last week, Corbett, who opposed the bankruptcy filing, approved a bill that creates a framework for a state takeover of
Updated: 10/25/2011 11:06A
LA Dodgers agree to role for fans in bankruptcy
Oct 25 (Reuters) - The Los Angeles Dodgers agreed to a role for season ticket holders in the baseball team's bankruptcy, which the team said it will take longer to resolve than once thought. The Dodgers have been in bankruptcy since June and are waging
Updated: 10/25/2011 11:04A
Rocketplane Kistler Assets to Be Auctioned on November 11
The approval of Debtor's Motion to engage Heritage Global Partners is currently pending in the United States Bankruptcy Court for the Eastern District of Wisconsin. Following approval, the auction will be staged on Friday, November 11, 2011 from 10 am
Updated: 10/25/2011 11:01A
Report: MLB says McCourt looted $190 million from Dodgers
AP LOS ANGELES -- Dodgers owner Frank McCourt looted nearly $190 million from the Los Angeles team, using the money for non-baseball use in violation of Major League Baseball rules, according to Delaware bankruptcy court documents filed on Monday.
Updated: 10/25/2011 10:59A
Lothian Oil: Fifth Circuit Recharacterizes Non-Insiders' Debt Claim As Equity
Israel Grossman ("Grossman") filed several proofs of claim in the bankruptcy cases of Lothian Oil and its affiliates (collectively, "Lothian Oil"). One of these claims, in the amount of $250000, was based on a handwritten agreement dated April 27,
Updated: 10/25/2011 10:50A
Dodgers' McCourt 'Looted' Team of $190 Million, League Alleges
Oct. 25 (Bloomberg) -- Frank McCourt, the Los Angeles Dodgers owner, “looted” the club of about $190 million, lawyers for Major League Baseball contend in a US Bankruptcy Court filing. The league made the accusation
Updated: 10/25/2011 10:49A
Don Gil bankruptcy trial starts
Around 200 creditors would be affected by a bankruptcy of Don Gil, according to KSV. A spokesman for the company said today he regretted that the firm failed to avoid the start of bankruptcy procedures. The Don Gil official said the company was
Updated: 10/25/2011 10:47A