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Chu defends Solyndra loan
The Energy Secretary defended his actions in granting more than $500 mil in loan guarantees to Solyndra before the solar company filed for bankruptcy. In advance copies of his remarks before a House panel, Steven Chu claimed the loan was "subject to
Updated: 11/16/2011 07:01P
McHenry County College facilty plan moving forward
The property at 9010 Northwest Highway, which belongs to GHM Trust, was tied up in the bankruptcy case of William J. Gilger, a member of the trust. The college deems the land crucial to future expansion plans. MCC attorney Dan Curran said a stay on the
Updated: 11/16/2011 06:58P
Grapevine: North Korea Tourism Boost
The company declared bankruptcy last month. A Democratic member of the US Commodity Futures Trading Commission tells Reuters regulators are closer to finding out what happened to roughly $600 million in missing customer money.
Updated: 11/16/2011 06:51P
Dodgers Sue Fox Sports Over Control Of Club's Media Rights
The Dodgers legal play follows a cease-and-desist letter that Fox sent last week demanding that the team and Blackstone Group, which has been selected to oversee the sale out of bankruptcy, stop trying to make a market for the rights.
Updated: 11/16/2011 06:50P
Bankruptcy filing will permanently close Lane elevator; VeraSun at root
Grain is in the process of filing bankruptcy. After a meeting with creditors on Tuesday, the company will likely decide to file a Chapter 7 bankruptcy, which will liquidate assets and permanently close the business, said Bruce Gering of the US
Updated: 11/16/2011 06:50P
Gurley, M&N Materials ask court to wait 30 days before ruling on nearly $5
After the trial, Hall also awarded M&N's lawyers more than $1 million in legal fees. Following a hearing in October, the two sides entered mediation, according to court records. Gurley officials are looking at a Chapter 9 bankruptcy filing if the
Updated: 11/16/2011 06:44P
BKU warns of nationwide agitation
Various BKU leaders in Haryana demanded immediate intervention of the Centre, saying famers had been pushed to bankruptcy. BKU (Gurnam) led by Gurnam Singh said, "The state government has not addressed issues faced by farmers including fixation of
Updated: 11/16/2011 06:39P
MF Global trustee moves to return $520 million
A bankruptcy judge on Thursday will consider a request by James Giddens, the trustee supervising the liquidation of the MF Global Inc broker-dealer unit, to release $520 million to between 15000 and 21000 commodities customers who held only cash in
Updated: 11/16/2011 06:38P
Municipal bankruptcies soar in the US
Across the United States, local governments have been declaring bankruptcy at the rate of one a month, often with devastating consequences for their communities. In the wake of the 2008-09 recession, the pace of municipal bankruptcies has been
Updated: 11/16/2011 06:28P
Debt-Ridden Freight Co. 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 06:25P
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