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Catholics challenge Crystal Cathedral sale
SANTA ANA, Calif., Oct. 31 (UPI) -- Roman Catholic Church officials have asked a California bankruptcy court to block the sale of the Crystal Cathedral to Chapman University. The Diocese of Orange (Calif.) said in a recent court petition that it has
Updated: 10/31/2011 05:20P
Wall Street Firm Run by Former NJ Gov. Corzine Near Bankruptcy
The company is close to filing for Chapter 11 bankruptcy, according to published reports, after the company made a big bet on Europe, buying $6 billion worth of debt in Ireland, Italy, Portugal and Spain. Now it's suffering the consequences.
Updated: 10/31/2011 05:18P
Corzine's broken broker
30 deadline to file its full list of debts and assets, seeking a 75-day extension of the usual two-week window given under bankruptcy law. The company “is one of the largest brokers in markets for commodities and listed derivatives,” making it large
Updated: 10/31/2011 05:18P
Dow closes steeply down to end big month
Bank stocks fell after MF Global filed for bankruptcy. Last week the company's debt was downgraded to junk on concerns about its holdings of European debt. The Dow Jones industrial average fell 276 points, or 2.3 percent, to close at 11955.
Updated: 10/31/2011 05:15P
Another US-Backed Energy Company Declares Bankruptcy
(Wall Street Journal) - An energy company that received US loan guarantees has filed for bankruptcy, the latest black eye for a Department of Energy loan guarantee program after Solyndra collapsed two months ago. Massachusetts-based Beacon Power Corp.
Updated: 10/31/2011 05:14P
Zamansky & Associates Announces Notice of November 4, 2011 Deadline for All
All holders of structured notes issued by the now-bankrupt Lehman Brothers Holdings, Inc., including so-called “100% Principal Protection Notes,” recently received a notice from the committee representing unsecured creditors in the bankruptcy
Updated: 10/31/2011 05:14P
Another Energy Company Goes Bankrupt
(Wall Street Journal) - An energy company that received US loan guarantees has filed for bankruptcy, the latest black eye for a Department of Energy loan guarantee program after Solyndra collapsed two months ago. Massachusetts-based Beacon Power Corp.
Updated: 10/31/2011 05:12P
Non-profit Directors Face Personal Liability
is a reminder to nonprofit corporation directors to act carefully and honestly. This case resulted from an action by unsecured creditors (creditors without collateral) in the context of a Chapter 11 reorganization bankruptcy.
Updated: 10/31/2011 05:11P
Markets Spooked by Bankruptcy Filing in Financial Sector (HUM, L, CNA, CKSW
Investors got spooked this Halloween after a very strong month overall, as the bankruptcy filing of MF Global (MF) riled the markets. The small financial institution run by former New Jersey
Updated: 10/31/2011 05:07P
Euro zone jitters hurt global stocks; dollar jumps
The US futures broker, whose heavy bet on the region's debt sent its shares plummeting in recent days, filed for bankruptcy on Monday. MF's bankruptcy, while not a catalyst in the stock market sell-off, was a sobering reminder that any exposure to the
Updated: 10/31/2011 05:07P
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