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Ultra Motor Ltd. Filed Chapter 11
LONDON, UK – Yesterday, Ultra Motor Ltd. has filed for Administration in the UK which is comparable to the Chapter 11 bankruptcy protection in the US. The company has sold its subsidiary Ultra Motor Taiwan to a group of European private equity
Updated: 11/08/2011 08:39A
Ultra Motor Ltd. Filed for Chapter 11
LONDON, UK – Yesterday, Ultra Motor Ltd. has filed for Administration in the UK which is comparable to the Chapter 11 bankruptcy protection in the US. The company has sold its subsidiary Ultra Motor Taiwan to a group of European private equity
Updated: 11/08/2011 08:35A
Albemarle development attracts forgery claims, court actions
The land is owned by HMC Holdings, a company managed by local real estate agent Michael Harding, whose company faces allegations of forging documents and who recently filed for bankruptcy with roughly $8.4 million in liabilities.
Updated: 11/08/2011 08:28A
Current Form of Dodd-Frank Doing Little to Protect MF Global and Goldman Sachs
NEW YORK, NY -- (Marketwire) -- 11/08/11 -- MF Global Holding's recent declaration of bankruptcy appears to have accelerated the push for increased regulatory oversight of the financial investment and advice industry. Several parts of Dodd-Frank that
Updated: 11/08/2011 08:27A
Dynegy's done: company puts worst-performing assets in bankruptcy
Given those terms, many bondholders clearly believed they'd be better off taking their chances in bankruptcy court. Of course, not all of the company is covered by the filing. Dynegy had already scooped out its best assets and moved them to a separate
Updated: 11/08/2011 08:24A
Cautious welcome for new consultation on bankruptcy
The ICM has welcomed the consultation launched by the Insolvency Service regarding the reform of the process to apply for bankruptcy and compulsory winding up. “We will actively consult with our members on this important subject,” says Philip King,
Updated: 11/08/2011 08:20A
JeffCo to talk bankruptcy, settlement options today
The Jefferson County Commission will consider a host of potential resolutions today, including bankruptcy, to resolve its $3.14 billion sewer system debt with Wall Street creditors. Possible outcomes would also include an acceptance of a summary deal
Updated: 11/08/2011 08:20A
Less than half MF Global open positions closed
Bonuses were paid to MF Global's UK staff just hours before the company filed for bankruptcy protection in New York. KPMG said MF Global UK's entire foreign exchange portfolio had now "been unwound" - representing a "notional value of $60bn (£37.4bn)".
Updated: 11/08/2011 08:17A
Dynegy Puts Some Units in Bankruptcy in Restructuring Deal
8 (Bloomberg) -- Dynegy Inc., the third-largest independent US power producer, said it put a group of units into bankruptcy to complete a debt restructuring agreement with noteholders. Dynegy Holdings LLC listed assets of $13.8 billion and debt of
Updated: 11/08/2011 08:14A
Germany's hardline attitude is making the situation in Europe worse
As Italy finds itself in the same ante-room to bankruptcy already used by Greece, Ireland and Portgual, so the spotlight falls back on Germany and the Berlin government's adoption of the moral high ground. Let them all go to the wall, appears to be the
Updated: 11/08/2011 08:13A
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