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RPT-Lawyers spar over busted Alabama county bankruptcy
Klee, a professor of law at UCLA, was one of the principal writers of the 1978 US Bankruptcy Code. His firm was hired by Jefferson County on July 26 and he helped prepare the 1994 case of the previous US municipal bankruptcy record holder,
Updated: 11/15/2011 11:36P
Greek government set for confidence vote
Greek lawmakers are set to back their new unity government in a symbolic vote Wednesday, offering some comfort for Prime Minister Lucas Papademos as he races to avert bankruptcy. Civil servants protest austerity measures in a march in central Athens.
Updated: 11/15/2011 11:34P
MF Global trustee moves to return $520 mln in client cash
Nov 16 (Reuters) - The court-appointed trustee for the liquidation of MF Global Inc said his office has filed an application with a US bankruptcy court seeking approval to return about $520 million of client money that has been frozen since the
Updated: 11/15/2011 11:32P
Gold Coast retirement community files bankruptcy
The Illinois Finance Authority issued $216.5 million in bonds in 2005 to finance development of the Clare. The bonds are a form of municipal bond that nonprofit corporations can use to finance capital projects. The authority's involvement reduces
Updated: 11/15/2011 11:31P
Views harden in Alabama county's bankruptcy blame game
Instead they dropped a bombshell: They had voted 4-1 to file for the biggest municipal bankruptcy in US history, a bankruptcy that includes Alabama's largest city, Birmingham, once famous for its steelmaking and nicknamed The Magic City.
Updated: 11/15/2011 11:30P
If American can't cut costs, it won't survive
In 2003, American Airlines staved off bankruptcy largely by cutting pay and personnel. This time, it's going after benefits and productivity. To entice union workers to go along, it's offering job protection, signing bonuses and
Updated: 11/15/2011 11:22P
Pilots union rejects American Airlines' contract proposals
The rejection of the contract proposals comes as directors of American's parent, AMR Corp., gather for their last meeting of the year and as fears of a bankruptcy filing build on Wall Street. The money-losing company has been pushing hard for union
Updated: 11/15/2011 11:19P
Trigild Adds Dallas-based Attorney to Executive Staff
Trigild, a San Diego-based distressed property and operations management, receivership and bankruptcy services company, has named David Wallace its associate general counsel. Wallace will be based at the firm's Dallas office, working with the company's
Updated: 11/15/2011 11:06P
Nepal PM pushing country towards bankruptcy: Ex-PM Khanal
The country is heading for bankruptcy sooner than later.” Nevertheless, Khanal also viewed that the historic 7-Point Deal signed between major parties will succeed in bringing the peace process to the desired end. Khanal was also one of the signatories
Updated: 11/15/2011 10:31P
With no pilot deal, American Airlines faces bankruptcy speculation
In Internet Explorer, go to Tools / Internet Options. Check the "Delete browsing history on exit" box. Select "OK." If you are using Internet Explorer 7, make sure Phishing Filter is turned off by going to Tools / Phishing Filter / Turn Off Automatic
Updated: 11/15/2011 09:57P
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