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Chile's La Polar Ducks Bankruptcy; Creditors OK Debt Restructuring
SN) reached an agreement on a debt-restructuring plan Monday, thereby helping La Polar avert bankruptcy. La Polar is involved in what the retailer's president, Cesar Barros, recently described as "the biggest fraud of a publicly traded company in Chile
Updated: 11/07/2011 01:36P
Radio DJ Tony Fenton declared bankrupt
Mr Fenton, whose real name is Anthony Fagan, did not contest a petition for bankruptcy brought by the Revenue Commissioners. The petition arose from three court judgements against him, totalling 879695.87. The Revenue has also registered a judgment
Updated: 11/07/2011 01:36P
FDIC Declines Extension of Timeframe for $7B WaMu Bankruptcy
The announcement came at a hearing in the US Bankruptcy Court in Wilmington, Del., where Judge Raymond Lyons, a New Jersey bankruptcy judge, was scheduled to report on progress in a mediation over disputes that have held Washington Mutual in bankruptcy
Updated: 11/07/2011 01:35P
Orleans Homebuilders to commence preference lawsuits
Did you do business with Orleans Homebuilders prior to their bankruptcy filing? Have you received a demand for return of alleged preferential payments? In a recent submission to the Delaware Bankruptcy Court, local developer Orleans Homebuilders stated
Updated: 11/07/2011 01:33P
This week in securities litigation (November 4, 2011)
The Order alleges that Hector Gallardo, a registered representative at the firm, solicited investments from two Bolivian citizens who began dealing with the Orion through a foreign finder, to invest in his sham investment company.
Updated: 11/07/2011 01:33P
US bankruptcy court judge halts Raleigh tobacco company's bid to buy three
A US bankruptcy court judge has halted a Raleigh tobacco company's bid to buy three Mocksville tobacco companies. Judge William Stocks approved Friday the request of bankruptcy trustee Peter Tourtellot to deny CB Holdings' offer for Renegade Holdings
Updated: 11/07/2011 01:31P
Check Out All The Fed Has Done For The Market In The Past Three Years
Initially the Fed Funds Rate (FFR) underwent a series of cuts, and with the bankruptcy of Bear Stearns, the Fed launched a veritable alphabet soup of tactical strategies intended to stave off economic disaster: PDCF, TALF, TARP, etc.
Updated: 11/07/2011 01:28P
CRISIS CAUSED 8, 7% RISE IN BANKRUPTCIES IN FIRST 3Q 2011
(AGI) Bologna - In the first nine months of 2011, 8566 enterprises declared bankruptcy in Italy. That's 8,7% more compared with the January-September period in 2010, when 7879 enterprises shut down, and 35,5% more compared with the same period in 2009,
Updated: 11/07/2011 01:27P
Why GM's Earnings Could Be Down
But while the underpinnings of the General's businesses remain strong, and the company's upward post-bankruptcy trajectory looks set to continue as its product renaissance gathers steam, some costly headwinds could put a damper on profits this time
Updated: 11/07/2011 01:24P
Agency Chief Recusal
As one of the key agencies probing the recent bankruptcy of MF Global Holdings, the Commodity Futures Trading Commission is now pursuing the closely observed case without input from Chairman Gary
Updated: 11/07/2011 01:20P
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