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MF Global: 11% Haircut? – Customers Waiting On Cash
Frustrated by a lack of legal options to reclaim frozen funds and dead-end inquiries to call centers and hotlines since MF Global's Oct. 31 bankruptcy, many aren't able to trade and say they've lost faith in retail brokerages and the regulatory system.
Updated: 11/15/2011 02:05P
SP Newsprint Files Chapter 11 to Maximize Going Concern Value
(EON: Enhanced Online News)--SP Newsprint Holdings LLC (“SP Newsprint” or the “Company”) and its subsidiaries today announced that they each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United
Updated: 11/15/2011 02:04P
Dynegy reports loss of $268 million through September
The chief executive officer of Dynegy Inc. (NYSE: DYN) said he expects subsidiaries of the company to exit bankruptcy in 2012 despite a reported loss of $75 million in the third quarter 2011, compared to a net loss of $24 million in the same quarter in
Updated: 11/15/2011 02:03P
Pilot Contract Progress Key for AMR to Avoid Chapter 11 Filing
CHICAGO -- The absence of progress this week in contract talks between AMR Corp. management and the Allied Pilots Association (APA) raises the risk that American Airlines will be forced into a Chapter 11 bankruptcy filing. Fitch Ratings sees agreement
Updated: 11/15/2011 02:03P
Tribune Noteholders Ask for Changes in Bankruptcy Ruling, Plan for Appeal
The Chicago-based newspaper and television company filed for bankruptcy one year after the buyout led by real-estate billionaire Sam Zell. The bankruptcy case is In re Tribune Co., 08-bk-13141, US Bankruptcy Court, District of Delaware (Wilmington).
Updated: 11/15/2011 02:02P
MF Global clients irked by trustee fees
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 02:01P
Easy Chart Regarding Effectiveness Of Asset Protection Trusts
The recent Mortensen opinion provided the first judicial interpretation of Bankruptcy Code Sec. 548(e) as applied to a transfer to an asset protection trust (“APT”). Since that Opinion was released, many practitioners have asked me whether APTs “work.
Updated: 11/15/2011 01:54P
MF Global clients still unsure when money will be returned
Clients of MF Global are becoming increasingly concerned that two weeks on from the US broker's bankruptcy they still have no idea when money held with failed business will be returned. Mr Kavanagh said the only source of information for him and other
Updated: 11/15/2011 01:53P
Calculated Risk: An Options Play On Oversold Jefferies Group
One such stock right now is Jefferies Group (JEF), which has been hit hard by the fallout from the bankruptcy of MF Global (MFGLQ.PK). My opinion is it is being unfairly punished and the shares hold significant value over the longer term.
Updated: 11/15/2011 01:52P
How to File Bankruptcy in About an Hour
Lately I have had quite a few people come in lately who need to file for bankruptcy and need to file it RIGHT NOW! The typical things that usually require a person to file bankruptcy quickly are garnishments, foreclosures, law suits, etc.
Updated: 11/15/2011 01:50P
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