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Verizon sued over FairPoint's bankruptcy by litigation trust
Following the completion of the acquisition in 2009, FairPoint became saddled with a number of customer service, order fulfillment and billing problems. When it could not overcome these issues, it filed for Chapter 11 bankruptcy protection in October
Updated: 11/03/2011 07:05P
Questions Swirl Around Jefferies
Days after securities firm MF Global Holdings Inc. filed for bankruptcy protection after disclosing a $6.3 billion bet on European government debt, Jefferies was forced to respond to a credit-ratings firm report over its sovereign holdings.
Updated: 11/03/2011 07:03P
Local Insight, Caribe Media Win Approval of Recovery Plans
US Bankruptcy Judge Kevin Gross approved both of the separate plans at a combined hearing today in Wilmington, Delaware. “This is a major accomplishment,” Gross told the lawyers, adding that they are “well situated to go forward with success.
Updated: 11/03/2011 07:02P
Gibsonia Man Indicted on Charges of Bank Fraud, Wire Fraud, Money Laundering
And finally, the indictment also alleges that Cicero committed bankruptcy fraud by concealing money and jewelry in connection with his bankruptcy filings, the press release said. The law provides for a maximum total sentence of 95 years in prison,
Updated: 11/03/2011 06:55P
A&P sees Goldman-, Yucaipa-funded bankruptcy exit
Nov 3 (Reuters) - The Great Atlantic & Pacific Tea Co, once the largest US supermarket operator, on Thursday said it has lined up $490 million of financing to enable it to emerge from bankruptcy protection as a private company early next year.
Updated: 11/03/2011 06:51P
MF Global Would Like You to Know It Won't Be Making Dividend Payments
From a just released SEC filing from MF Global, the company that swan-dived into bankruptcy protection earlier this week: “In light of the events described above in Item 1.03, the quarterly dividend payment for MF Global's 6% Cumulative Convertible
Updated: 11/03/2011 06:46P
Solyndra: House Panel to Subpoena White House
A House panel on Thursday decided to subpoena the White House over documents related to loans for Solyndra, a solar power company that filed for bankruptcy several months ago. The House Energy and Commerce Committee panel voted 14–9
Updated: 11/03/2011 06:39P
A&P sees Goldman, Yucaipa funded bankruptcy exit
Nov 3 (Reuters) - The Great Atlantic & Pacific Tea Co Inc , once the largest US supermarket operator, said on Thursday it lined up $490 million of financing to enable it to emerge from bankruptcy protection as a private company early next year.
Updated: 11/03/2011 06:35P
Bloomberg View: Lessons of Corzine's Collapse; Invasion of the Body-Part Market
The bankruptcy of MF Global Holdings is the first major US casualty of the European sovereign-debt crisis. The trading firm's demise is no small matter: Its $40 billion in debt is on the scale of Chrysler's 2009 failure. The MF meltdown is also sad
Updated: 11/03/2011 06:30P
She means business! Teresa Giudice puts bankruptcy behind her as she hustles
The 39-year-old Real Housewives of New Jersey star, who first filed for bankruptcy with her husband Joe Giudice in 2009, joined the new line of up of contestants in New York today. The mother of four, who had to rein in her lavish lifestyle in the wake
Updated: 11/03/2011 06:29P
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