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MF Global to return $520M to customers
Under bankruptcy law, assets must be shared equally among customers, so he can't release all the assets while money is missing from some accounts and until he knows the size of claims that will be filed for the collateral, he has said.
Updated: 11/16/2011 11:14A
Jefferson County, Harrisburg Face Reckoning for Official Hubris
15 (Bloomberg) -- For all their differences of geography and culture, Jefferson County and Harrisburg had commonalities in the conditions that brought them to bankruptcy: risky debt structure, political failures and officials who spent taxpayer money
Updated: 11/16/2011 11:13A
Trailer Bridge files Chapter 11
Trailer Bridge Inc. announced this morning that it has filed for Chapter 11 bankruptcy reorganization. The Jacksonville-based marine and truck freight company had been trying to restructure $82.5 million in senior notes that were due.
Updated: 11/16/2011 11:12A
Gasparino Breaks It - MF Global May Have Been Sick For A While
But Liddle says it's unclear if employees who received checks as MF Global was about to file for Chapter 11 bankruptcy are under law required to receive the money they are owed. 'That's a grey area under the law', Liddle says'.
Updated: 11/16/2011 11:11A
Group denied in bankruptcy court
The Save the Barnwell County Hospital Committee has lost its battle to become a party in the Barnwell County Hospital bankruptcy proceedings. United States Bankruptcy Judge David Duncan filed his order Oct. 27.
Updated: 11/16/2011 11:04A
U.S. Postal Service 5.1B in The Red
30 came despite deep cuts of more than 130000 jobs in recent years and the closing of some smaller local post offices. Losses will only accelerate in the coming year, Postmaster General Patrick Donahoe warned, citing faster-than-expected declines in
Updated: 11/16/2011 11:03A
CFP Board Sees Bankruptcies Spike Among Planners
It's perhaps the ultimate irony when a financial advisor files for bankruptcy. But the CFP Board finds it is happening more and more often. Of the 1472 disciplinary cases the board opened last year, an estimated 25% of planners under
Updated: 11/16/2011 11:02A
DeWitt Ross & Stevens SC: Wisconsin Super Lawyers & Rising Stars announced
The firm is known for its work in several areas, including corporate and family-owned businesses, employment, environmental, employee benefits, government relations, health care, litigation, real estate, tax, estate planning, family law,
Updated: 11/16/2011 10:59A
Greek unity govt set to win confidence vote despite snipping
by Reuters ATHENS - A national unity government aiming to save Greece from bankruptcy was set to win a parliamentary vote of confidence on Wednesday, but the leader of the conservative faction gave only qualified support. Prime Minister Lucas Papademos
Updated: 11/16/2011 10:58A
European F-Students
"If ideas could file for bankruptcy," James Grant muses in the latest edition of Grant's Interest Rate Observer, "the modern model of money and banking would have beaten MF Global Holdings to the courthouse. The concept of leveraged finance in a world
Updated: 11/16/2011 10:58A
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