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Tribune Co. noteholders to appeal bankruptcy ruling
Americas and Law Debenture Trust Co. of New York have asked US Bankruptcy Judge Kevin Carey to reconsider a handful of rulings he made in rejecting competing plans for the media company to exit bankruptcy. The groups also formally notified the court in
Updated: 11/15/2011 02:33P
Behind on Mortgage in Bankruptcy. What Now?
We have fallen behind on our mortgage since filing, and we have also not paid our real estate (property) taxes. We are not sure what to do or if there is any way to turn this around. Should we let the house go? I am very impressed you stayed in the
Updated: 11/15/2011 02:30P
Birmingham CU Prepped Well for Municipal Bankruptcy
Charles Faulkner, president/CEO of the $67 million Jefferson Credit Union in Birmingham, Ala., could probably write the book on how credit unions might prepare for the fallout from a municipal bankruptcy. In fact, Faulkner and his credit union are
Updated: 11/15/2011 02:30P
MF Global may get more time to use JPMorgan cash
NEW YORK (Reuters) - MF Global Holdings Ltd reached a deal giving it an additional five days to use about $8 million in cash from JPMorgan Chase & Co in the early stages of its bankruptcy. The collapsed futures broker said the agreement
Updated: 11/15/2011 02:22P
MF Global trustee seeks quick claims process
NEW YORK Nov 15 (Reuters) - The trustee winding down MF Global's broker-dealer unit asked a bankruptcy court judge to implement an expedited process for customers to submit claims for losses. If approved by Judge Martin Glenn at a hearing on Wednesday,
Updated: 11/15/2011 02:22P
MF Global Scandal: Is CME's Financial Guarantee Just a PR Gimmick?
Worst of all, even MF Global customers who held no open futures positions and only cash and unencumbered assets have found those assets under the control of the bankruptcy trustee. The trustee is struggling to find the money, calling the record keeping
Updated: 11/15/2011 02:20P
Post office losses mount to $5.1 billion last year
AP Sports News Video Entertainment News from AP Entertainment News from AP AP National News Video More>> Police clear out Occupy Oakland camp, lead handcuffed anti-Wall Street demonstrators away. No audio/reporter commentary. More>> No.
Updated: 11/15/2011 02:20P
SP Newsprint files Chapter 11
SP Newsprint Holdings LLC, which has a plant in Dublin, Ga., and its subsidiaries on Tuesday filed for Chapter 11 bankruptcy protection. “As a result of weak economic conditions coupled with record prices for key raw materials the company's profit
Updated: 11/15/2011 02:19P
Trapped MF Customers Irked at 'Service Fee' Proposal
Trustee James Giddens sought to apply a "service fee" of up to $5000 for returning "misdirected" wire transfers sent to MF Global's brokerage unit, according to documents filed with the bankruptcy court Tuesday, drawing further ire from some former
Updated: 11/15/2011 02:15P
MF Global: Where Did the Money Go?
But when it comes to finding $600 million of missing client funds when your firm, MF Global, collapses into bankruptcy, that's a different matter. Responsibly keeping track of client money, keeping accurate books and records—those are the basic skills
Updated: 11/15/2011 02:10P
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