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Macedonian Fin Min: Greece is Officially Bankrupt
The decision to wipe out 50% of Greece's debt is an official declaration of bankruptcy for Athens because of their inability to pay back money owed to foreign countries, banks and organizations. This bankruptcy is better sold because it was presented
Updated: 10/27/2011 02:33P
American-US Air Merger Would Bolster The Industry
Apparently, my short note on the potential for bankruptcy at American Airlines (AMR) struck a nerve, given the volume of emails and calls received. As a follow-up and to encourage debate, it may be useful to throw out a few thoughts about a
Updated: 10/27/2011 02:30P
Naivete be damned: Wanting to believe McCourt mess is near an end
The Times' Bill Shaikin reported that the Dodgers bankruptcy trial was postponed for one month Wednesday so that McCourt and Major League Baseball could explore a settlement that would require the sale of the team. Still, McCourt is a judicial pit bull
Updated: 10/27/2011 02:28P
Crystal Cathedral accepts Chapman purchase offer
In the ongoing saga surrounding the Crystal Cathedral Ministries' bankruptcy proceedings, the Garden Grove church has endorsed Chapman University's bid to purchase the church campus.
Updated: 10/27/2011 02:15P
McCourt divorce settlement set for court approval
Frank McCourt met this week with officials from Major League Baseball to discuss a possible Bankruptcy Court settlement in which he would agree to sell the team. In the absence of a settlement, McCourt and MLB would meet in a Bankruptcy Court trial
Updated: 10/27/2011 02:14P
Chinese investors interested in acquiring Harengus
The Chamber of Chinese Supermarkets and Self-Service Stores in Argentina intends to implement a strategic plan that considers the investment in the national fisheries sector through the purchase of the plant that Harengus SA has in Puerto Madryn.
Updated: 10/27/2011 02:09P
Another Federal Loan Goes Bust
The company Open Range, backed by a commitment of $267 million in loans from the Agriculture Department, filed for bankruptcy this month. Taxpayers are on the hook for $74 million that the upstart hasn't repaid. And now the company, some analysts and a
Updated: 10/27/2011 02:07P
McCourt Looking to Finally Sell Dodgers Franchise
Apparently there is a reason why Dodgers owner Frank McCourt's bankruptcy court hearing was delayed a month yesterday: He is looking to sell the team. According to people involved in the case, McCourt has had discussions with Major League Baseball to
Updated: 10/27/2011 01:59P
Harrisburg Mayor Files Motion in Bankruptcy Case
Since a handful of city council members filed the city's Chapter 9 bankruptcy petition, the mayor and state leaders have challenged it as illegal, arguing that it violates a new state law. "The city has been put in the position of needing to file this
Updated: 10/27/2011 01:58P
Local economic indicators for:
Number of bankruptcy filings climb. After a couple of months hovering under 1000, bankruptcy filings shot up to 1062, rising 11.1 percent in August. However, the number is still favorable compared to last year when the number of bankruptcy filings
Updated: 10/27/2011 01:53P
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