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Wide blame for biggest municipal bankruptcy
Klee, a professor of law at UCLA, was one of the principal draftsmen of the 1978 US Bankruptcy Code. His firm was hired by Jefferson County on July 26 and he said there were several potential upsides to Wednesday's bankruptcy filing.
Updated: 11/11/2011 11:51A
Giant Duck Threatens To Bring ExxonMobil To Its Knees (w/Video)
11 2011 at 10:31 AM ?If ExxonMobil collapses by the end of the day into bankruptcy, with company executives begging for forgiveness for their polluting ways, all the credit should go to a giant inflatable duck. The duck is being displayed across the
Updated: 11/11/2011 11:45A
More Than 1000 Employees Fired From MF Global
The bankruptcy of MF Global has cost more than 1000 people their jobs. The trustee overseeing the wind down of a piece of MF Global said the broker-dealer's staff of 1066 people were fired today. The MF Global employees will be paid
Updated: 11/11/2011 11:45A
Correction: Alabama County Bankruptcy story
9, 2011 to file an estimated $4.1 billion bankruptcy, the largest municipal bankruptcy in US history. Photo: Birmingham Regional Chamber Of Commerce, Dennis Lathem / AP Jefferson County Commission president David Carrington signs the Chapter 9
Updated: 11/11/2011 11:44A
After Somerhill bankruptcy, Joe Rowand opens new art gallery
Joe Rowand, owes artists thousands of dollars after declaring bankruptcy last year, is opening his new gallery, tomorrow in Chapel Hill. Over the past several years, Roward pulled down a $15000 monthly salary while his previous enterprise,
Updated: 11/11/2011 11:42A
Crisis Greek coalition cabinet takes over
Greece's new unity government under interim Prime Minister Lucas Papademos was sworn in on Friday to ratify a crucial EU bailout deal and pull the country back from the brink of bankruptcy. Finance Minister Evangelos Venizelos, 54, kept his post in the
Updated: 11/11/2011 11:34A
Wall Street firms eye troubled Alabama sewer system
BIRMINGHAM, Alabama (Reuters) - The indebted sewer system at the center of Alabama's Jefferson County'S bankruptcy is drawing early interest from Wall Street firms and could be bought once it sheds its debt burden, an investor whose company runs the
Updated: 11/11/2011 11:25A
Bankruptcies decline in Indiana, nation
Indiana saw fewer bankruptcies for the fiscal year ending Sept. 30 than it did the year before, with the state improving its national ranking based on case filings. A report released this week by the Administrative Office of the US Courts showed an
Updated: 11/11/2011 11:25A
Papademos takes the helm in troubled Greece
ATHENS (AFP) - Greece's new unity government headed by Lucas Papademos took office on Friday to save the debt-stricken nation from bankruptcy after a historic power-sharing deal struck between warring parties. Papademos, 64, a former vice-president of
Updated: 11/11/2011 11:23A
Traders Call for MF Global's Bankruptcy Court to Release Billions of Dollars
By Reuters IntercontinentalExchange Inc Thursday added its voice to an anguished chorus of commodity traders calling for MF Global's bankruptcy court to release billions of dollars in cash frozen in their accounts. Unable to say when the search for
Updated: 11/11/2011 11:22A
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