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Surrendering a Home in Chapter 7 Bankruptcy
November 16, 2011 /24-7PressRelease/ -- When people consider filing bankruptcy, one of the assets they usually look to protect is their homes. However, sometimes it makes more financial sense for a debtor to let a home go during the bankruptcy process.
Updated: 11/16/2011 04:38A

Postal Service losses mount to $5.1B
AP WASHINGTON — The US Postal Service said Tuesday it has lost $5.1 billion in the past year, pushing it closer to imminent default on a multibillion-dollar payment and to future bankruptcy as the weak economy and increased Internet use
Updated: 11/16/2011 04:37A

DACCO' ARRESTED & MSGR VERZE' INVESTIGATED IN S. RAFFAELE
(AGI) Milan - 5 suspects are being investigated by Milan's District Attorney's Office in the bankruptcy of the S Raffaele Hospital. The suspects include the 91-year old founder of the hospital, Msgr. Luigi Verze'. According to reports in today's issue
Updated: 11/16/2011 04:27A

Postal Service near default? Losses mount to $5.1 billion
By AP WASHINGTON (AP) -- The US Postal Service said Tuesday it has lost $5.1 billion in the past year, pushing it closer to imminent default on a multibillion-dollar payment and to future bankruptcy as the weak economy and increased Internet use drive
Updated: 11/16/2011 04:14A

MF Global Trustee to Return $520 Million in Client Cash
Open trading positions were transferred to other brokers a week ago, along with about 60 percent of their collateral, but clients with cash only were unable to move their money out. The distributions, applicable to those who held only cash in their
Updated: 11/16/2011 04:11A

Second-instance court rules in favour of SEB in dispute with Grove Invest
Sedin is claiming that the actions and inactivity of SEB which financed the project caused the plywood plant to go out of business. Sedin was claiming 1.5 billion kroons or almost 100000 euros from SEB for causing the bankruptcy.
Updated: 11/16/2011 04:01A

Michael Vick Richest Bankrupt Dude EVER!!!
Vick is required to submit financial documents to the bankruptcy court ... documents which TMZ has obtained. From July - Sept., 2011, Vick earned $11781848.68. Here's how the big stuff breaks down. On Sept. 13th, the Philadelphia Eagles sent Vick a
Updated: 11/16/2011 03:58A

Joe Mysak: Bankrupt Alabama county a tale of its own
NEW YORK — The big surprise isn't that Jefferson County, Ala., filed for bankruptcy protection from creditors, but that the county was able to stave off the inevitable for so long. You have to hand it to the county commissioners.
Updated: 11/16/2011 03:46A

Postal Service gives bleak accounting of its financial status
Losses will only accelerate in the coming year, Postmaster General Patrick Donahoe warned, citing faster-than-expected declines in first-class mail. He implored Congress to take swift, wide-ranging action to stabilize the ailing agency's finances as it
Updated: 11/16/2011 03:46A

Municipal bond market undeterred by record bankruptcy filing
Tax-free securities rallied last week, even as Jefferson County, struggling with $3 billion of sewer system debt, filed the biggest US municipal bankruptcy on Nov. 9. The 10-year, tax-exempt yield dropped 11 basis points, the most in three weeks,
Updated: 11/16/2011 03:35A

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