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Debt-Ridden Trailer Bridge Seeks Ch. 11 Protection
based trucking and marine freight services company Trailer Bridge Inc. filed for bankruptcy Wednesday after being unable to pay $82.5 million in debt that had come due. The company said in a statement that the Chapter 11 filing in the Middle District
Updated: 11/16/2011 06:20P
New Greek Prime Minister Wins Confidence Vote On Austerity Measures
Greece's new prime minister, Lucas Papademos, has won a crucial confidence vote on severe austerity measures to be made in exchange for more bailout funds to help the country step back from the brink of bankruptcy. The 64-year-old former central bank
Updated: 11/16/2011 06:15P
Dodgers Sue Prime Ticket in TV Rights Dispute
The Dodgers have asked United States Bankruptcy Court to approve a procedure to sell their TV rights beyond 2013, when Prime Ticket's rights end, and a plan to auction the franchise. Just as there has been bitterness between Frank McCourt, the Dodgers'
Updated: 11/16/2011 06:08P
Fitch Rates District of Columbia's $437MM Income Tax Revs 'AA+'
PERFECTED SECURITY INTEREST: The District's Home Rule Act expressly stipulates that revenue debt can be issued with a valid, binding and perfected security interest in the revenues pledged; sale of revenues and appropriation are not required.
Updated: 11/16/2011 06:05P
Peter Brant's SP Newsprint Is Bankrupt
The Connecticut-based newsprint company owned by billionaire Peter Brant, a noted art collector and the man behind magazines like Interview and Art in America, filed for bankruptcy yesterday, not unlike what happened to Brant's White Birch Paper Co. in
Updated: 11/16/2011 06:02P
City Manager: East Providence Not Another Central Falls
City leaders in East Providence say the financially troubled city will not declare bankruptcy like Central Falls, but residents say they are not convinced. "It's ridiculous," David Sullivan, a realtor in East Providence said.
Updated: 11/16/2011 06:00P
A Year After Its IPO Uncertainty Colors GM's Future
It's been a year since, General Motors (GM), after being mired in bankruptcy, debuted its highly anticipated IPO. General Motor's raised a record $23.1 billion with partial funding from US tax payers, a massive effort that helped resuscitate the
Updated: 11/16/2011 06:00P
Monti takes power in Italy
Mario Monti has replaced Silvio Berlusconi as Italy's prime minister and appointed himself finance minister at the head of a technocratic cabinet to rescue the eurozone heavyweight from bankruptcy. The former European commissioner said his new team
Updated: 11/16/2011 05:57P
Michael Giventer: Sudden-Stop-Accident Scammer Arrested For Bankruptcy Fraud
?Michael Giventer owed State Farm Insurance $8.6 million after losing a civil suit where the company proved he had been scamming the company for years through false claims stemming from "sudden-stop"
Updated: 11/16/2011 05:52P
American Airlines Bankruptcy Looms as Pilots Union Rejects Contract Offer
DALLAS - The pilots union for American Airlines has rejected the latest contract offer, fueling speculation that the airline could be headed to bankruptcy. Most of American's competitors have already filed for bankruptcy, cutting labor costs,
Updated: 11/16/2011 05:51P
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