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Continued Decline in Bankruptcy Filings
US consumer bankruptcy filings totaled 106255 nationwide during October, a 19.6 percent decrease from the 132173 total consumer filings recorded in October 2010, according to the American Bankruptcy Institute, relying on data from the National
Updated: 11/07/2011 09:46A
MF Global creditors to seek ways to recover
Lawsuits against underwriters of Refco's IPO also succeeded, with securities units of Bank of America Corp., Credit Suisse Group AG and Goldman Sachs paying $49.2 million to settle an investor lawsuit alleging fraud. “If the underwriters had done their
Updated: 11/07/2011 09:45A
Dynegy Confronts 'End Game' With Bondholders: Corporate Finance
Dynegy had obtained $1.7 billion in loans to refinance debt and changed its corporate structure to avoid defaulting on its existing loan facility. Dynegy's $1.1 billion GasCo term loan due August 2016 rose 0.5 cent last week to 100.5 cents on the
Updated: 11/07/2011 09:44A
Bankruptcy dilemma: file now or wait?
Emotions get invariably tangled up with the dispassionate process of bankruptcy. First comes denial, followed by a wait and see period, concluding with acceptance of a cold reality. Each financial situation is unique. Common to all is the need for
Updated: 11/07/2011 09:43A
AP Business NewsBrief at 8:45 am EST
Following last week's turmoil centered on worries that Greece was heading for an imminent bankruptcy, investor fears are now focused on Italy , the eurozone's third largest economy. Italy is also the third-biggest debt market in the world.
Updated: 11/07/2011 09:42A
AP Business NewsBrief at 8:47 am EST
industry's crisis from the March tsunami disaster, the surging yen and stagnant sales. LONDON (AP) _ Carphone Warehouse is closing its 11 Best Buy big-box electronics stores as part of a reorganization of its relationship with the US-based company.
Updated: 11/07/2011 09:29A
Cabinet to discuss new bankruptcy legislation
The Cabinet is to discuss proposals tomorrow to introduce a speedier bankruptcy regime, but the Free Legal Advice Centre has complained about the pace of finalising the proposals. The Cabinet is to discuss proposals tomorrow to introduce a speedier
Updated: 11/07/2011 09:26A
The Unfinished Business of Law Firm Collapses
Law firms usually don't have big inventories, costly equipment or sizable chunks of real estate to sell off like other business, Palank notes. So the partners who left Howrey, along with the law firms they joined, could be the trustee's fattest targets
Updated: 11/07/2011 09:25A
LEAD: French premier announces new plan to break debt "spiral"
At the same time, the government will continue scrapping billions of euros in tax breaks and increase select taxes. The lowest VAT rate of 5.5 per cent, which is applied in restaurants and construction, will rise to 7 per cent, bringing in 1.8 billion
Updated: 11/07/2011 09:23A
Dippin' Dots, Spring 59, Syms, Madoff, MF Global: Bankruptcy
(This report contains items about companies both in bankruptcy and not in bankruptcy. Updates with S&P default-rate study in Statistics, MF Global-FBI inquiry in MF Global Special Section and Sprint Nextel in Downgrades.) Nov.
Updated: 11/07/2011 09:14A
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