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WiMAX operator Open Range to liquidate after buyer backs out
Open Range Communications will see its assets liquidated and its WiMAX service shut down in 12 states after the only bankruptcy bidder backed out of the deal on Tuesday. TotheHome.com, a small Minnesota ISP, was the "stalking horse" bidder for Open
Updated: 11/17/2011 07:10A
Australian banks enter covered bond market
Covered bonds – notes backed by pools of assets which are ringfenced for investors even in bankruptcy – have been a funding lifeline for Europe's beleaguered banks in recent years because investors have rushed for the extra protection they offer over
Updated: 11/17/2011 07:06A
" Bend restaurateur files Chapter 7; The Blacksmith's founder wants to keep it
Gavin McMichael, the owner of The Blacksmith Restaurant, as he prepared to open Bourbon Street Sea and Soul Food in downtown Bend last year. By Jordan Novet / The Bulletin Gavin McMichael, the Bend restaurateur who opened The Blacksmith Restaurant and
Updated: 11/17/2011 07:03A
Greek coalition wins confidence
Greek Prime Minister Lucas Papademos's crisis coalition cleared its first hurdle Wednesday by winning a vote of confidence, but faces a Herculean task keeping fractious parties behind painful reforms needed to avert bankruptcy.
Updated: 11/17/2011 06:33A
Trailer Bridge Files Bankruptcy Filing, Share Plunges (NASDAQ: TRBR)
Trailer Bridge, Inc. (NASDAQ: TRBR) announced that it filed a voluntary petition under Chapter 11 of the US Bankruptcy Code. The petition was filed in the US Bankruptcy Court for the Middle District of Florida. The Company's filing of Chapter 11 comes
Updated: 11/17/2011 06:32A
Our Views: Saddest chapter in JefCo history is '9'
The declaration of Chapter 9 bankruptcy last week by the Jefferson County Commission marks the lowest point of a poorly-written drama, filled with crime, corruption, greed and ineptitude. So many things went wrong, but most have to do with people
Updated: 11/17/2011 06:27A
MFGI liquidation trustee motions spark commotion
There was a flurry of activity following recent motions by the MFGI liquidation trustee late on Wednesday after MF Global Holdings Ltd. bankruptcy judge Martin Glenn pushed back a hearing on the trustee's expedited claim to next week and ordered
Updated: 11/17/2011 06:15A
CFTC supports MFGI trustee filings
In a statement filed with the US Bankruptcy Court for the Southern District of New York, the Commission expressed support for putting in place mechanisms for the prompt initiation of claims for all MFGI customers and the transfer of 60% of customer
Updated: 11/17/2011 06:15A
White Birch Paper taking downtime, SP Newsprint filing for Chapter 11
For similar reasons, the company's subsidiary SP Newsprint located in Greenwich, Conneticut has filed for creditor protection under Chapter 11 in the US Bankruptcy Court for the District of Delaware. The newsprint producer said he intended to explore
Updated: 11/17/2011 06:14A
Delphi Offering Is a Lemon
NEW YORK (TheStreet -- Out of bankruptcy and into the portfolios of the public, Delphi Automotive (DLPH) will be selling 20 million shares on the open market. However, this isn't a typical initial public
Updated: 11/17/2011 06:11A
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