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Hooters hotel-casino wants more time to resolve bankruptcy case
Hooters' key creditor, Canpartners Realty Holding Company IV, has argued the reorganization efforts are a waste of time and money since Hooters is so far underwater on its mortgage that it's inevitable Canpartners will succeed with foreclosure efforts.
Updated: 10/28/2011 07:36P
The shopping center you own--for at least a week
First you owned the Franklin Circle Shopping Center. Then you didn't. Now you own it again. That's the saga of a shopping center that's a casualty of the 2010 bankruptcy of nonprofit developer Great Neighborhoods Development Corp a nonprofit developer.
Updated: 10/28/2011 07:33P
RRA's 'Crying David Boden' called part of the scheme
The portrayal of a tearful David Boden in press accounts after the downfall of Ponzi schemer Scott W. Rothstein sure contrasts with the allegations unleashed this week in bankruptcy court. One quote had to do with missing money from trust accounts at
Updated: 10/28/2011 07:29P
Congress considers White House subpoena over Solyndra
House GOP leaders announced Friday that they are laying the groundwork for Congress to issue a subpoena for internal White House documents regarding the decision to issue federal loan guarantees in 2010 to Solyndra, a solar energy company that has
Updated: 10/28/2011 07:26P
Saab avoids bankruptcy as Chinese make 100m offer
SAAB, THE embattled Swedish carmaker, said yesterday that its erstwhile Chinese suitors had offered to buy it outright, potentially pulling it back from the brink of bankruptcy. Just hours short of a court ruling that could have lifted its bankruptcy
Updated: 10/28/2011 07:19P
How Harrisburg Borrowed Itself Into Bankruptcy
One compelling exhibit would be the city's recent decision to file for bankruptcy protection. Harrisburg, the capital of Pennsylvania, is drowning in debt. City officials have known for more than four years that they'd have to deal with the fiscal mess
Updated: 10/28/2011 07:03P
“I am very happy to have tabled C-338 this week” – Rafferty
I'd like to think that these two beliefs have come together in a bill that I tabled this past week, Bill C-338 An Act to Amend the Bankruptcy Insolvency Act (termination and severance pay). Throughout my time meeting constituents, campaigning,
Updated: 10/28/2011 07:03P
Energy Department loans under review
(10-28) 15:29 PDT Washington -- In an acknowledgement that the Solyndra bankruptcy has become a major political liability, White House chief of staff Bill Daley has ordered an outside review of the Energy Department's loan portfolio.
Updated: 10/28/2011 06:59P
Saab to Be Sold to Chinese to Avoid Bankruptcy
Saab Automobile will likely change owners for the second time in as many years as the Swedish automaker seeks to restart production and stave off bankruptcy. Zhejiang Youngman Lotus Automobile Co. and Pang Da Automobile Trade Co. reached a tentative
Updated: 10/28/2011 06:43P
Chinese companies buying automaker Saab
Struggling automotive icon Saab will change hands again in a proposed deal to save it from bankruptcy by selling it to two Chinese companies. Swedish Automotive will sell its Saab unit to Chinese distributor Pang Da Automobile Trade and auto
Updated: 10/28/2011 06:29P
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