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Cimino Bros. Produce hits chapter 7 bankruptcy
Produce into chapter 7 bankruptcy liquidation, and the company's attorneys withdrew from the case for nonpayment. Cimino Bros. filed for chapter 11 reorganization in November 2009, when its owners agreed to cut monthly salaries by $20000 to reduce
Updated: 11/10/2011 12:23P
Greece picks Papademos to avert bankruptcy
Giving his maiden speech moments after receiving a mandate from Greece's president, Papademos, a respected former vice-president of the European Central Bank, said the crisis-hit country was at a crossroads as bankruptcy loomed.
Updated: 11/10/2011 12:23P
Papademos to lead salvation coalition
He cuts a grey and uncharismatic figure in the colourful and chaotic world of Greek politics, but also has a reputation for being calm at a time when the nation is clamouring for stability. Greeks reacted with exhausted relief that an
Updated: 11/10/2011 12:22P
Jefferson County asks Receiver to surrender Sewer System
(WVTM) --- Receiver John Young is has asked a bankruptcy judge to leave him in control of the Jefferson County Sewer System. Within hours of filing its petition for Chapter 9 Bankruptcy protection Wednesday, a lawyer representing Jefferson County sent
Updated: 11/10/2011 12:21P
Jefferson County Bankruptcy Hearing Begins in Alabama
10 (Bloomberg) -- The first-day bankruptcy hearing for Jefferson County, Alabama, which sought protection from its creditors yesterday in the biggest municipal filing in US history, began in US Bankruptcy Court in Birmingham. The county, whose seat is
Updated: 11/10/2011 12:07P
Papademos is new Greek PM, vows to stick with euro
In Athens, hopes rose that Greece will avoid an imminent bankruptcy that could push Europe into a new recession and world financial markets into turmoil. "I am not a politician but I have dedicated most of my professional life to exercising financial
Updated: 11/10/2011 12:05P
Greek banker Lucas Papademos named new PM
10, 2011 The Associated Press ATHENS, Greece - Senior banker Lucas Papademos was named Thursday as the prime minister of the new Greek interim government, charged with keeping the debt-strapped country out of bankruptcy and firmly in the 17-nation
Updated: 11/10/2011 12:05P
Harrisburg's Bankruptcy Case: A Sign of the Times?
When Harrisburg, Pennsylvania's capital city, filed for Chapter 9 bankruptcy protection last month, some people were less than thrilled. Notably, Harrisburg's mayor, Linda Thompson, and the state government in Pennsylvania reportedly think that the
Updated: 11/10/2011 12:05P
Court hearing to approve Stars sale moved up
According to court documents filed yesterday, the hearing in bankruptcy court to approve the sale to Vancouver businessman Tom Galgardi will now come November 18 instead of November 23. The combined hearing, which will be held at 8:30 am (CST) on
Updated: 11/10/2011 12:05P
A Crappy Wall Street Deal Produces Nation's Largest Ever Municipal Bankruptcy
So it's easy to see Jefferson County's bankruptcy, which was filed late on Wednesday and at over $4 billion is the largest municipal bankruptcy in US history (Orange County, Calif., for reference, was a $2 billion bankruptcy), as a sign that the crisis
Updated: 11/10/2011 12:04P
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