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Dynegy subsidiary filing for bankruptcy protection
By AP Dynegy Inc. said Tuesday that one of its subsidiaries is seeking bankruptcy protection as part of a plan that will force bondholders to take heavy losses while shielding major investors including billionaire Carl Icahn. The Houston power company,
Updated: 11/08/2011 04:03P
SME's bankruptcy lists $132M in liabilities
AP A Billings-based wholesale electric supplier lists nearly $132 million in liabilities compared to $110 million in assets in its Chapter 11 bankruptcy filing. Southern Montana Electric Generation and Cooperative filed for bankruptcy reorganization on
Updated: 11/08/2011 04:03P
Increase in Bankruptcy Filings for SC Businesses
(WASHINGTON) -- There was an increase in bankruptcy filings by businesses in South Carolina over the past year, according to a report in the Charleston Regional Business Journal. Despite a 12 percent decrease in the total number of bankruptcy filings,
Updated: 11/08/2011 04:02P
Dynegy restructures to shield investors
AP Dynegy Inc. said today that one of its subsidiaries is seeking bankruptcy protection as part of a plan that will force bondholders to take heavy losses while shielding major investors including billionaire Carl Icahn. The Houston power company,
Updated: 11/08/2011 04:01P
Gasparino Calculates Jon Corzine's Net-Worth At Closer To $1 Million Than $1
Image: AP Disgraced MF Global chief Jon Corzine, whose broker-dealer firm filed for bankruptcy last week, might be worth A LOT less that initially thought, Fox Business's senior correspondent Charlie Gasparino reported citing unnamed sources.
Updated: 11/08/2011 04:00P
MF Global May Liquidate Firm Instead of Reorganize, Bankruptcy Expert Says
(JPM) and Wilmington Trust Co., to help seek recoveries from the eighth-largest bankruptcy in US history. MF Global filed for bankruptcy on Oct. 31, listing $39.7 billion in debt and $41 billion in assets and saying it has about $26 million in cash.
Updated: 11/08/2011 03:59P
Cain's book on Bialek's money woes
To bolster its claim that accuser Sharon Bialek has “a long and troubled history,” Herman Cain's campaign sent out a press release Tuesday highlighting a pair of bankruptcy filings, as well as six “civil lawsuits” filed against her in Chicago's Cook
Updated: 11/08/2011 03:55P
Ally Weighs Bankruptcy Filing for ResCap Mortgage Unit
Ally Financial Inc. is actively considering putting its Residential Capital LLC mortgage-lending unit into bankruptcy, said people familiar with the situation. Ally is being advised by Kirkland & Ellis and Evercore
Updated: 11/08/2011 03:54P
Southern Montana Electric's bankruptcy lists $132M in liabilities
A Billings-based wholesale electric supplier lists nearly $132 million in liabilities compared to $110 million in assets in its Chapter 11 bankruptcy filing. Southern Montana Electric Generation and Cooperative filed for bankruptcy reorganization on
Updated: 11/08/2011 03:54P
MF Global Clients to Get Frozen Cash at CME Group Once Transfers Verified
7 (Bloomberg) -- Neil Barofsky, former special inspector for the US Treasury's Troubled Asset Relief Program and a Bloomberg Television contributing editor, talks about the outlook for MF Global Holdings Ltd. MF Global, which filed for bankruptcy
Updated: 11/08/2011 03:53P
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