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$2 million Arrow payout proposed
s bankruptcy trustee proposes to distribute $2.09 million of bankruptcy estate assets to 676 former employees who have filed wage and employment law violation claims against the estate, court documents show. In a motion filed this week in US Bankruptcy
Updated: 11/11/2011 05:46A
Italy, Greece under scrutiny as Europe fears recession
ROME: Italian lawmakers prepared to give initial approval to reforms designed to fend off bankruptcy and Greece was to swear in a new government on Friday as Europe's debt crisis threatened a new recession. The head of the eurozone crisis fund called
Updated: 11/11/2011 05:41A
Greece Names Papademos as Interim Leader
Greece has named former European Central Bank vice-president Lucas Papademos as a new prime minister who will try to save the country from default and bankruptcy. [Interview : Lucas Papademos, Greek Interim Prime Minister] "The honor is great and the
Updated: 11/11/2011 05:37A
How JPMorgan Aided and Abetted the Largest Municipal Bankruptcy in US History
Alabama's Jefferson County filed for bankruptcy protection on Wednesday, making it the largest municipal bankruptcy in US history. But believe it or not, that's not the biggest story here.
Updated: 11/11/2011 05:27A
Security firm MF Global collapses
The bankruptcy filing last week by MF Global Holdings Ltd. didn't freeze lending and panic investors around the world, as Lehman Brothers' did in 2008. But the rapid fall of the firm run by former New Jersey Gov. Jon Corzine shows risky behavior
Updated: 11/11/2011 05:22A
Jefferson County Bankruptcy: Alabama in a atate of uncertainty
Jefferson County Commission President David Carrington talks with reporters Thursday in Birmingham after the county's first hearing in US Bankruptcy Court. / MARTIN SWANT/AP/THE BIRMINGHAM NEWS The Associated Press BIRMINGHAM -- The biggest civic
Updated: 11/11/2011 05:04A
Papademos set to take helm in troubled Greece
ATHENS - A new government headed by Lucas Papademos will take office in Greece on Friday tasked with saving the debt-stricken nation from bankruptcy after a power-sharing deal between rival parties. Papademos, 64, a former vice-president of the
Updated: 11/11/2011 04:52A
TN Attorney General Begins Distributing Over $2 Million to Soldiers After
The State of Tennessee recently concluded its case against Rome Finance in the United States Bankruptcy Court in the Northern District of California . In late 2008, Attorney General Cooper won a judgment against Rome in Montgomery County Circuit Court
Updated: 11/11/2011 04:50A
New Greek cabinet to be sworn in
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 eurozone. After four days of intense political negotiations,
Updated: 11/11/2011 04:48A
Jefferson County prepares for high tax rates, cuts
AP BIRMINGHAM | The biggest civic bankruptcy in American history could leave residents of Alabama's most populous county paying astronomical rates for public services performed by a skeleton crew of county workers.
Updated: 11/11/2011 04:32A
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