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A Cure for the Housing Blues
And the way to do that is to allow a mortgage cramdown in the context of a personal bankruptcy. Put simply, someone who owes $450000 on a house worth $300000 isn't going to be helped that much by a lower interest rate. He would be helped?—?as would the
Updated: 10/29/2011 12:01A
Maronda Homes' sales plummet in Chapter 11, president says
Kim Leonard is a Pittsburgh Tribune-Review staff writer and can be reached at 412-380-5606 or via e-mail. Maronda Homes Inc.'s sales dropped sharply after the company filed for Chapter 11 bankruptcy in
Updated: 10/29/2011 12:01A
Springs Police Looking For Accused Embezzler
Police have an arrest warrant for Christina Michelle Bratcher, 44, who worked as the book keeper for Colorado Welding Supply on Garner St. The owners of the business found out about the embezzlement when they had to file for bankruptcy.
Updated: 10/28/2011 11:54P
Ruling may weaken case against prominent developer
The judge limited prosecutors to using evidence that Marshall failed to disclose to investors in his 1996 personal bankruptcy. All other evidence is off-limits, under the ruling. This month, Iuppa declined to reconsider his ruling.
Updated: 10/28/2011 11:05P
Energy Department loan guarantees being reviewed
By The Washington Post WASHINGTON -- The White House has ordered an independent review of all loan guarantees made by the Energy Department to foster green technology following the bankruptcy this year of Solyndra, the California company that received
Updated: 10/28/2011 10:59P
Bud Selig Tired Of Questions About Frank McCourt
It has been two years since his divorce battle with his wife Jamie began, and the embattled owner has taken the Los Angeles Dodgers into bankruptcy. A key hearing on the Dodgers and their television rights was to begin on Monday, but earlier this week
Updated: 10/28/2011 10:52P
Tom Martino's creditors hear his financial woes
To seal the deal on what eventually became a $1.85 million loan, Martino even handed over a 75 percent interest in the one commodity that made him a millionaire: the Troubleshooter Network that controls his radio show, the ReferraList and coveted
Updated: 10/28/2011 10:49P
Saab signs deal to be bought by Chinese firms for EUR 100 million
Saab is currently in court trying to stave off bankruptcy. The agreement is valid until 15 November, as long as the Swedish carmaker stays in voluntary reorganisation in court. "An important consideration for Swan to enter into the transaction is the
Updated: 10/28/2011 10:03P
Obama orders review of energy loan program
WASHINGTON - In an acknowledgement that the Solyndra bankruptcy has become a major political liability, White House Chief of Staff Bill Daley on Friday ordered an outside review of the Energy Department's loan
Updated: 10/28/2011 09:54P
Stearns: Congress to issue Solyndra subpoenas
before filing for bankruptcy Washington (CNN) -- A House GOP leader announced Friday that Congress will be sending subpoenas to the White House for internal documents regarding the decision to issue federal loan guarantees in 2010 to Solyndra,
Updated: 10/28/2011 09:46P