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Greece waits for new PM as parties bicker
Power-sharing talks between Greece's two main political parties entered their second day Tuesday, as European leaders stepped up the pressure for a quick resolution by holding back a vital rescue loan that the country needs to prevent a devastating
Updated: 11/09/2011 10:39A
Jim Rogers: Many Nations Will Have to Go Bankrupt
Economic crises in Europe and elsewhere will escalate and inflict heavy casualties on the global economy, and the only path to survival for many countries is to declare bankruptcy, says international investor Jim Rogers.
Updated: 11/09/2011 10:33A
Ally's ResCap to Declare Bankruptcy? CFPB Kicking Into Gear;...
Per stories in Bloomberg and the WSJ, Ally is being advised by law firm Kirkland & Ellis and investment bank Evercore Partners Inc. on a possible restructuring of ResCap. "One option under consideration: a so-called strategic bankruptcy that would aim
Updated: 11/09/2011 10:19A
Linder's Furniture hires liquidators for sales
Group and APJL Consulting will liquidate Linder's Furniture following the Top 100 company's move into an arrangement that's an alternative to filing for bankruptcy protection. Sources, who asked not to be identified, said the sales probably will begin
Updated: 11/09/2011 10:13A
The Daily Docket: Judge Slashes Dynegy Loan Money
A bankruptcy judge on Tuesday slashed the amount of money Dynegy Inc.'s holding company can immediately lend to four subsidiaries to keep the entities running during bankruptcy, in light of serious questions raised in court by Dynegy
Updated: 11/09/2011 10:13A
Avaya's Networking Business on Mission to Re-Energize Channel
In January of 2009, Nortel Networks Corp. filed for bankruptcy. The collapse of the once-mighty telecommunications equipment maker badly bruised distributors and resellers of its gear. “In the Canadian business we had to really diversify," said Lynn
Updated: 11/09/2011 10:10A
Giordano's Pizzeria Chain Recieves $26 Million Offer
The Chicago Tribune reports, "Giordano's has received a $26 million offer for its restaurant operations, the Chicago-based pizza chain said in court documents filed Wednesday in its bankruptcy case." "Giordano's said it has entered into an agreement
Updated: 11/09/2011 10:08A
Russian lessor files for bankruptcy
Avialeasing has filed for bankruptcy and the lessor's 24 SSJ100 order positions have been transferred to VEB Leasing. Avialeasing, a Russian lessor, has filed for bankruptcy, an employee of the lessor confirmed to Airfinance Journal.
Updated: 11/09/2011 10:05A
GM profit falls, shares tumble on weak outlook
Chief Executive Dan Akerson said the top US automaker was not performing well enough, almost a year after a record IPO that capped the automaker's return from a US government bailout and bankruptcy. "GM delivered a solid quarter ... but solid isn't
Updated: 11/09/2011 10:02A
New Bankruptcy Provisions In Place
The Minister for Justice and Equality has commenced further provisions of the Civil Law (Miscellaneous Provisions) Act 2011 with effect from 10 October 2011. The provisions amend Section 85 of the Bankruptcy Act 1988 and allow for application for a
Updated: 11/09/2011 10:02A
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