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Mr. Papandreou Calls for Referendum
The news that US broker MF Global filed for Chapter 11 bankruptcy protection did not help to remove the dark cloud lingering over markets. While Greece's Mr. Papandreou's dramatic announcement to put the new EU bailout deal to a referendum has
Updated: 11/01/2011 05:20A
Plan B: Bankruptcy
Seek competent legal counsel, an attorney who represents you—not the title company and not the real estate agent. You need a customized solution to fit your situation. Bankruptcy is a powerful tool, but it is not for every circumstance.
Updated: 11/01/2011 05:18A
Energy Firm That Got $24M Filing For Bankruptcy
A Massachusetts energy storage company that received a $24 million federal stimulus grant and a $43 million loan guarantee from the Department of Energy has filed for bankruptcy protection. Beacon Power Corp. of Tyngsboro, Mass., filed for Chapter 11
Updated: 11/01/2011 05:16A
MF Global collapse hits Patsytems
Shares in UK screen-dealing software house Patsystems fell over 10% yesterday on news of the collapse of MF Global, a major customer accounting for recurring revenue of around £3 million. US brokerage MF Global filed for bankruptcy protection in New
Updated: 11/01/2011 05:15A
Judge Restarts Countdown To Mexicana Liquidation
These unrealized promises have kept the airline under the protection of a Mexican bankruptcy court, which as recently as August suspended a liquidation deadline so the airline could consider three bids. But none of these bids proved fruitful,
Updated: 11/01/2011 05:15A
It's Dj Vu for MF Global's India Staff
He said the Indian business is financially strong, and that their clients' deposits are safe. It's “business as usual,” said Mr. Bhatnagar. These are literally the same words he used in 2005, when MF Global's previous parent company Refco Inc. filed
Updated: 11/01/2011 05:14A
MF Global's demise felt by commodities exchanges
The most dramatic effect of MF Global's bankruptcy is being felt on the other side of the world from the company's New York offices. Sheep farmers in Australia woke up on Tuesday morning to discover their wool futures market had closed
Updated: 11/01/2011 05:08A
Winona hospital's demolition complete
The city and The Children's Museum are working on plans to redevelop the site at 3232 N. Meridian St. The hospital closed in 2004 after its operator, Leland Medical Centers of Plano, Texas, went into bankruptcy. Four years later, a court-appointed
Updated: 11/01/2011 05:06A
CB pulls Tuvacredit and Uralinkombank licenses
Uralinkombank lost its license in line with the Federal Law on Insolvency (Bankruptcy) of Lending Institutions “due to the insolvency and depleted liquidity which prevented the bank from making timely settlements on client accounts,” the CBR said.
Updated: 11/01/2011 05:02A
H'burg mayor, council meet over finances
City council has already filed for bankruptcy protection on behalf of the city. Thompson is challenging the bankruptcy petition along with creditors. City leaders have until November 14 to hammer out a financial recovery plan and avoid a state takeover
Updated: 11/01/2011 05:02A
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