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Managing the inevitable business exit
In ascending order of general desirability, they are death or disability, bankruptcy, liquidation, sell a job, transfer to a family member or key employee, sell to a financial buyer or sell to a strategic buyer. You may think of sub-categories,
Updated: 11/09/2011 02:03A
Divisions open up in Greek unity talks
Divisions amongst Greek politicians are delaying the creation of a unity coalition despite pressure from the public and the EU for a quick deal to stave off bankruptcy. All sources seem to agree the new Prime Minister will be former deputy head of the
Updated: 11/09/2011 01:57A
Online dating nightmare: Widow robbed of $500K by scamming Internet companion
A woman who thought she'd struck the jackpot on an online dating site was instead wiped clean of her life savings by an Internet scammer – and now she's facing bankruptcy, ABC reported. Esther Ortiz-Rodeghero, 55, was looking for love
Updated: 11/09/2011 01:53A
Personal Insolvencies continue to fall
In Q3 30219 people entered bankruptcy, Individual Voluntary Arrangements (IVAs) or took advantage of the Government Debt Relief Orders (GDROs), a marked decrease from 33, 935 in 2010. Bankruptcies saw a marked decrease, falling by 31.2%.
Updated: 11/09/2011 01:43A
Greece Down, Italy Falling—Will France Be Next?
“Bankruptcy is not an abstract word.” France must make these sacrifices to “avoid the day where policies are imposed upon us by others.” This comes less than three months after France's last announced austerity measures. Under the new measures,
Updated: 11/09/2011 01:30A
Attorney for Harrisburg, Pa., Puts Bondholders First
The attorney representing the Harrisburg, Pa., City Council in its bankruptcy filing said his endgame is to pay bondholders in full. “It's not our intent to cram down on bondholders. I'm of the belief that bondholders are the last people
Updated: 11/09/2011 01:18A
People in business
Best Lawyers in America has named Daniel Loyd Taylor "Family Law Lawyer of the Year" for 2012. Tim Hacker, DDS, a Bartlett dentist, has been recognized as an honored fellow of the American Academy of Implant Dentistry. Harding Academy of Memphis has
Updated: 11/09/2011 01:18A
FOX may object if Dodgers sell TV rights
A federal bankruptcy judge says Fox will have a chance to challenge the Los Angeles Dodgers if the team attempts to sell future television rights along with the franchise. Our experts bring you all the offseason news. Read MLB Buzz.
Updated: 11/09/2011 01:16A
FOX may to object if Dodgers sell TV rights
Fox Sports Net West, the corporate name of Prime Ticket, sued the Dodgers on Sept. 27. ''We fully support a change in ownership of the Dodgers,'' Fox spokesman Chris Bellitti said in an email Tuesday after a hearing in US Bankruptcy Court in Wilmington
Updated: 11/09/2011 01:16A
Briefs: Ally Financial hires mortgage unit advisers
Washington — Ally Financial Inc . has hired financial advisers to consider options for its troubled mortgage unit Residential Capital LLC that could include a bankruptcy filing, two people briefed on the matter said. The Detroit-based auto and mortgage
Updated: 11/09/2011 01:12A
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