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MF Global's dive shows few changes have been made on Wall Street
Janet Tavakoli, president of Tavakoli Structured Finance in Chicago, says the hidden debt at MF Global makes her wonder if regulators have learned anything from the financial crisis. She notes that American International Group Inc. used
Updated: 11/11/2011 06:42A
Fermanagh businessman Sean Quinn in bankruptcy move
Mr Quinn, 64, was stripped of control of his manufacturing and insurance business empire in April and owes billions of pounds. He and his family are now engaged in a complicated legal battle with Anglo Irish Bank. Mr Quinn was top of the Sunday Times
Updated: 11/11/2011 06:38A
Bankrupt New Zealander bankrupted in Australia
Although powers for the New Zealand Official Assignee (equivalent to an Australian trustee in bankruptcy) already existed under both the CBIA and the Bankruptcy Act, his Honour Federal Magistrate Raphael decided in this case that neither the UNCITRAL
Updated: 11/11/2011 06:36A
Alabama sewer debt crisis: Jefferson County leaders cite reasons for
By Barnett Wright -- The Birmingham News Enlarge Joe Songer -- The Birmingham News Jefferson County Commission president David Carrington looks over the Chapter 9 bankruptcy filing in the doorway of his office at the Jefferson County Courthouse.
Updated: 11/11/2011 06:34A
Strictly Legal: Bankruptcy petition filed against lawyer
The money would allegedly be used to show that a client of the lawyer had enough money available to carry out say, a real estate transaction, but would never leave the trust account. “It appears to be the illegal use of a lawyer's trust account for
Updated: 11/11/2011 06:33A
Quinn applies for bankruptcy
The Fermanagh-born businessman and founder of the Quinn Group has issued a statement in the past hour, saying he has done everything in his power to avoid taking what the calls the "drastic decision". However he said he has been left with no
Updated: 11/11/2011 06:18A
Hinton McGraw Commercial Properties files for Chapter 11 reorganization
Hinton McGraw Commercial Properties LLC, a company managed at least in part by one of Louisville's most respected developers, has filed for reorganization under Chapter 11 of the US Bankruptcy Code. The company, based at 1903 Rivers Landing Drive in
Updated: 11/11/2011 06:13A
We needed more leaders in JeffCo situation
After years of $3.14 billion in sewer debt lingering over the county due to a series of ill-fated bond swaps, the county filed for bankruptcy protection. It's sad not just because of the impact the corruption, the debt and the resulting bankruptcy will
Updated: 11/11/2011 06:13A
Jefferson County bankruptcy shakes business community
Jefferson County is seeking court protection from its creditors, filing this week the largest municipal bankruptcy in US history after defaulting on $3.14 billion worth of sewer bonds more than three years ago. The filing begins what is likely to be a
Updated: 11/11/2011 06:13A
CHINA-BANKS 2 LAST
PTI | 04:11 PM,Nov 11,2011 The government identified about 90 units whose owners The government identified about 90 units whose owners either fled, committed suicide or declared bankruptcy due to the financial crisis. This prompted Wen to order banks
Updated: 11/11/2011 06:10A
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