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Personal Insolvencies down 11% on last year
In the third quarter of 2011, 79.0% of bankruptcies were made on the petition of the debtor, down from 83.0% in the previous quarter. The percentage of bankruptcy orders involving trading debts was 20.3% in the second quarter of 2011, similar to the
Updated: 11/04/2011 05:34A
Personal insolvencies flat but debt experts warn 'many will go bust next year'
Chris Nutting, Director of Personal Insolvency at KPMG said: 'Today's figures show that the latest bankruptcy numbers are falling to levels last seen in 2004. And whilst this may seem to be good news on the face of it, it fails to reflect the number of
Updated: 11/04/2011 05:31A
Treesdale Man Indicted on Charges of Bank Fraud, Wire Fraud, Money Laundering
A bank is suing Eric Spirtas of the Spirtas Group over a series of loan deals totaling more than $1 million. Patch A Gibsonia resident has been indicted by a federal grand jury in Pittsburgh on charges of bank fraud, wire fraud, money laundering and
Updated: 11/04/2011 05:25A
Syms and Filene's file for bankruptcy
They are also seeking court approval for Cushman & Wakefield to assist in the sale of company-owned real estate, Rothschild to serve as financial advisor, Skadden, Arps, Slate, Meagher & Flom as bankruptcy counsel and Alvarez & Marsal as restructuring
Updated: 11/04/2011 05:23A
Melting Pot to leave bankruptcy
The owners of The Melting Pot in downtown Minneapolis are poised to lose the restaurant in a bankruptcy sale, and their creditors say mismanagement, not the economy, is to blame. The fondue franchise likely will be sold to an investor group led by a
Updated: 11/04/2011 05:11A
Fact Box: MF Global's legal cast of characters
Even before MF Global filed for bankruptcy on Tuesday, the names of the law firms and attorneys who will be working on the case began to circulate. Here, a round-up of some of the biggest players: Ziman is advising the star of the show,
Updated: 11/04/2011 05:09A
Peninsula bankruptcy raises control and conflict issues
Revival Home Health Care's control of Peninsula Hospital through an affiliate has become a bone of contention in Peninsula's Chapter 11 bankruptcy case. The US trustee representing the hospital's creditors objects to the terms of Revival's $27 million
Updated: 11/04/2011 05:08A
Victory Jet files for bankruptcy, owes $3.47 million in debts
Victory Jet, an Atlanta-based air-charter company that leased space at the Piedmont Triad International Airport last year, has filed for Chapter 7 liquidation bankruptcy. The filing comes a year after it announced plans to offer charters to wealthy
Updated: 11/04/2011 05:07A
Be wary of cut-rate bankruptcy
he'd allegedly been handling the man's bankruptcy case for months. Lately, it seems easier to find someone to handle your bankruptcy than to clean your roof gutters. Attorneys who spent years specializing in other aspects of the law — as well ...
Updated: 11/04/2011 05:06A
Streaming media firm Wyndstorm files Chapter 7
Executives had kept the company afloat with their own money, but last month, facing about $6 million in debt, they filed for liquidation under Chapter 7 of the US Bankruptcy code. “The competition for what we were doing was increasingly causing the
Updated: 11/04/2011 05:06A
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