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Lehman, Madoff, MF Global, Borders, Graceway: Bankruptcy
The most potentially dangerous objection was lodged by the US Trustee, citing a provision in bankruptcy law which says that a company liquidating in Chapter 11 isn't entitled to a discharge. A discharge wipes out pre-bankruptcy debt and stops creditors
Updated: 11/09/2011 11:41A
Greek PM says agreement reached on new government
Papandreou said his country will implement the European Union bailout plan meant to keep Greece out of bankruptcy, and will do everything it can to stay in the euro. Speaking in a broadcast from Athens at 6 pm local time (1100 am ET), Papandreou said
Updated: 11/09/2011 11:34A
GM profit falls, shares tumble
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 11:30A
Greek PM: New interim govt will secure debt deal
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 bankruptcy.
Updated: 11/09/2011 11:29A
Emergence of third alternative in Pakistan
Imran khan addressing a huge crowd rally in pakistanExtremism, corruption, anarchy and communalism have brought Pakistan on the verge of bankruptcy. People seem to have lost faith in the two major political parties- Pakistan People's Party (PPP) and
Updated: 11/09/2011 11:25A
Horror Stories: Pimps & Rats Strain a Relationship
It turns out we are named as creditors in a bankruptcy case and our landlord has alleged mafia ties (confirmed by our neighbor: "girl, he is bad news, don't give him a penny!"). The paralegal on the bankruptcy case tells me he is a "slime bag" and
Updated: 11/09/2011 11:24A
Election 2011: Suffolk, Nassau Trend Democratic but Nassau Deadlock Could
But both counties will continue to face problems with budget woes and Nassau, already under supervision by Albany, could face bankruptcy. In Suffolk, Babylon Supervisor Steve Bellone, 42, a Democrat, won a landslide victory over Republican County
Updated: 11/09/2011 11:20A
Syms, Filene's to lay off 176 in Florida
/Filene's Basement bankruptcy. The discount clothing retailer filed notice with the state this week that 176 employees statewide will be losing their jobs. Most of them are in South Florida. Syms Corp. has four locations and Filene's Basement has one
Updated: 11/09/2011 11:17A
Buyer of Star Island mansion revealed
Osorio and his wife had to auction the home as part of a bankruptcy. Rey bid $12 million, plus a 6 percent buyer's premium, for a total purchase price of $12.72 million. Staff researcher Barbara Hijek contributed to this report.
Updated: 11/09/2011 11:17A
Emergence Of Third Alternative In Pakistan – Analysis
Extremism, corruption, anarchy and communalism have brought Pakistan on the verge of bankruptcy. People seem to have lost faith in the two major political parties- Pakistan People's Party (PPP) and Pakistan Muslim League (Nawaz).
Updated: 11/09/2011 11:15A
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