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IN FOCUS: Mexican carriers still bullish, a year after Mexicana demise
More than a year after Mexicana filed for bankruptcy protection, altering the landscape of the Mexican airlines industry, the country's carriers remain optimistic about future growth as they continue to add capacity and aircraft.
Updated: 11/14/2011 10:10A
Bankruptcy petitions too costly and too complicated
With the latest insolvency figures showing a marked reduction in the number of bankruptcies, EuroDebt Financial Services is welcoming the Government's proposals to cut the cost and time involved in declaring bankruptcy. “It is ironic that the cost of
Updated: 11/14/2011 10:06A
Minnesota Bankruptcy Case Impacted 2nd Lien Holders
It was a Chapter 13 bankruptcy case where the second mortgage lender didn't object to a plan where the second lien was stripped from the property. But when the bankruptcy judge didn't go for the plan, the borrower appealed -- and won.
Updated: 11/14/2011 10:06A
MF Global Still Hoping Missing Funds Will Show Up
People inside what's left of MF Global are still clinging to the hope that the missing $600 million in customer funds can be found and is locked in collateral accounts at three institutions: JPMorgan(JPM), Bank of New York (BK) and the Depository Trust
Updated: 11/14/2011 10:05A
Irish Bank Resolution Corporation [formerly Anglo Irish Bank] to challenge
It said the loans include one of 1.3bn euros, one of $820m and one of 200m yen all taken by Mr Quinn personally. They are also calling in personal guarantees by Mr Quinn and his wife for a home improvement loan of 3.5m euros. The former owner of Quinn
Updated: 11/14/2011 10:00A
Debra Saunders: Occupy Fannie and Freddie
The firm filed for bankruptcy as federal regulators were looking for $600 million missing from customer accounts. Its CEO, former Democratic New Jersey Gov. Jon Corzine, had bet that European leaders would bail out smallish countries that were too big
Updated: 11/14/2011 09:56A
Judge Might Rule on Crystal Cathedral Plan
AP Bids from Orange County's Chapman University and the Roman Catholic Diocese of Orange will be examined by a bankruptcy judge who might rule Monday on the future of the famed Crystal Cathedral megachurch. Federal bankruptcy court
Updated: 11/14/2011 09:52A
AIB to challenge Quinn's bankruptcy
By declaring bankruptcy in Northern Ireland, Quinn would only have to wait one year before going back into business compared with 12 in the Republic under current legislation. Although he was born and reared in County Fermanagh, much of his business
Updated: 11/14/2011 09:43A
Bank 'examining' Sean Quinn's bankruptcy
Sean Quinn's application for bankruptcy is being "examined" by the asset recovery bank, Irish Bank Resolution Corporation (IRBC). Ireland's former richest man admitted having debts of 200 million and declared himself bankrupt at Belfast High Court on
Updated: 11/14/2011 09:42A
7th Circuit finds no tort claim priority against Chapter 7 debtor in 'novel
A tort claimant injured by the actions of a Chapter 7 debtor during the interval between the appointment of a trustee and liquidation does not hold an administrative claim against the bankruptcy estate, a federal appeals panel in Illinois has ruled.
Updated: 11/14/2011 09:31A
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