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Austerity Bond
In the age of austerity, a debt ridden film studio has started shooting the twenty third James Bond film, Skyfall. The film was almost never made when MGM Studios had to put the production on hold after it filed for bankruptcy in November last year.
Updated: 11/03/2011 12:26P
Personal bankruptcy filings decline for fourth straight month
In October, there were 106255 personal filings, 19.6 percent lower than the same period a year ago, according to data from the American Bankruptcy Institute and the National Bankruptcy Research Center. The rate also marks a 2.1 percent decline from
Updated: 11/03/2011 12:24P
Bankruptcy judge approves plan to sell ailing ban
AP A US Bankruptcy Court judge has approved the basic plan for selling the stock in ailing Central Progressive Bank. On Wednesday Judge Jerry Brown pushed back the proposed date for the auction until later in November to encourage more bidders to
Updated: 11/03/2011 12:21P
After nearly 30 years, it's Linda's Last Goodbye; Longtime Santa Barbara City
She's been at the heart of City Hall during the construction of Paseo Nuevo, the Orange County Bankruptcy, and even has a souvenir bottle from the Charles Meyer Desalination Facility. Gunther's handiwork isn't obvious to the casual observer,
Updated: 11/03/2011 12:21P
House Panel Votes to Subpoena White House for Solyndra Records
Congressional Republicans began investigating Solyndra months before the California company filed for bankruptcy protection in September and laid off 1100 workers. The bankruptcy proved to be embarrassing for the White House amid revelations that
Updated: 11/03/2011 12:18P
Syms and Filene's File for Chapter 11 Bankruptcy Protection
US discount clothing retailer Syms and its Filene's Basement brand have filed voluntary petitions under Chapter 11 of the US Bankruptcy Code in the US Bankruptcy Court for the District of Delaware. The liquidation of stores is expected to run through
Updated: 11/03/2011 12:17P
CIT Will Consider Acquisitions As It Looks To Grow Its Assets
CIT, a lender to small and mid-sized businesses, has been working to refinance high-cost debt, purge unwanted loan portfolios and fund more of its loans from its bank unit since emerging from bankruptcy almost two years ago. The company's assets shrank
Updated: 11/03/2011 12:15P
Back to Drawing Board for Tribune & Creditors
s 3-year-old bankruptcy case denied a pair of competing reorganization plans for the Chicago-based media giant. In the 126-page ruling handed down Monday, Judge Kevin Carey wrote that neither submitted plan is confirmable under current US Bankruptcy
Updated: 11/03/2011 12:14P
Verizon Conned Fairpoint, Creditors Claim Creditor Trust Sues Verizon for $2
Not too surprisingly, the added debt and obligations layered on a tiny telco (whose eyes were bigger than its stomach) resulted in Fairpoint's implosion and subsequent bankruptcy. Several years later, the creditors left holding the bag are trying to
Updated: 11/03/2011 12:13P
Indiana Hospital's President, Physician Owners Sued by Former Operator
A lawsuit against Indiana's first physician-owned hospital has been re-filed by its former operator, which claims hospital executives forced the hospital into bankruptcy, according to a Post-Tribune report. iHealthcare and Heartland Memorial Holdings
Updated: 11/03/2011 12:12P
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