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MF Global, L.A. Dodgers, AMR, Giordano's, Lehman: Bankruptcy
(This report contains items about companies both in bankruptcy and not in bankruptcy. Carla Main is substituting for Bill Rochelle today.) Nov. 17 (Bloomberg) -- The trustee liquidating broker- dealer MF Global Inc. asked a judge to let him transfer
Updated: 11/17/2011 09:14A
Crystal Cathedral Offers Considered By Judge
For the Crystal Cathedral, a Roman Catholic diocese raised its bid again as a US bankruptcy judge began reviewing offers for the Southern California church. The megachurch built by Robert Schuller. Judge Robert Kwan Monday had two prime offers before
Updated: 11/17/2011 09:10A
Prosecutors in Chicago, New York issue subpoenas in MF Global collapse
A lawyer for MF Global, Kenneth S. Ziman of Skadden, Arps, Slate, Meagher & Flom LLP, said at a hearing Wednesday in US Bankruptcy Court in Manhattan that the company was "besieged" by demands from regulators for documents and evidence.
Updated: 11/17/2011 09:08A
General Maritime Files Bankruptcy With $1.4 Billion in Debt
17 (Bloomberg) -- General Maritime Corp., a transporter of crude oil via ocean tankers, filed for bankruptcy court protection from creditors amid low freight rates and a surplus of ships. The New York-based company listed assets of $1.71 billion and
Updated: 11/17/2011 09:00A
Thousands march in Athens austerity protest
Students carry a blood-stained Greek flag during a rally in Athens marking the anniversary of a 1973 students uprising against the dictatorship then ruling Greece. ATHENS - Thousands of protesters were demonstrating in Athens on Thursday against
Updated: 11/17/2011 08:50A
Recent court decision would broaden bankruptcy option
A recent ruling from the Bankruptcy Appellate Panel of the 8th Circuit Court of Appeals said that people who file for Chapter 13 protection can discharge their second or any junior mortgage (it's called lien stripping) and still keep their house if the
Updated: 11/17/2011 08:49A
Bankruptcy proceedings at Deripaska's pension fund terminated
A commercial court terminated on Thursday bankruptcy proceedings over a non-governmental pension fund founded by Russian oligarch Oleg Deripaska, the Russian Legal Information Agency (RAPSI) reports from the courtroom. Founded in 1994, the Socium
Updated: 11/17/2011 08:42A
General Maritime Reaches Agreement on a $175 Million Equity Investment
In order to implement the terms of the restructuring agreement and equity commitment letter, General Maritime today elected to file for relief under Chapter 11 of the United States Bankruptcy Code in the US Bankruptcy Court for the Southern District of
Updated: 11/17/2011 08:42A
Regions: Young must remain as sewer receiver
(NYSE: RF) said in a Wednesday filing in Jefferson County's bankruptcy proceedings that it belongs to a group of banks owed $390 million by the county. The banks are petitioning US Bankruptcy Court in Birmingham for the opportunity to make their case
Updated: 11/17/2011 08:41A
MF Global May Return Money To Customers As It Lays Off More Workers
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 associated with 23300 commodity customer accounts that contained only cash
Updated: 11/17/2011 08:39A
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