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Jefferson County bankruptcy: Regions Bank says sewer receiver John Young must stay
Federal bankruptcy law protects bondholders expecting a pledge of special revenues gathered under state law, such as those derived from the sewer system. • Young was properly appointed by a circuit court judge to steward those revenues.
Updated: 11/17/2011 08:09A
Italy's new premier aims for economic growth
He indicated Italy would be paying new taxes. Italy's lack of a property tax on primary residences is "a peculiarity, if not an anomaly" in Europe, Monti said. Also under scrutiny would be the possibility of putting a new tax on wealth, he said.
Updated: 11/17/2011 08:09A
General Maritime Files for Bankruptcy Protection With $1.4 Billion in Debt
(GMR), a transporter of crude oil via ocean tankers, filed for bankruptcy amid low freight rates and a surplus of ships. The New York-based company listed assets of $1.71 billion and debt of $1.41 billion in a Chapter 11 petition filed today in US
Updated: 11/17/2011 08:04A
IVA alternatives explained by DebtConsolidation.co.uk
IVA alternatives include a debt management plan, a debt consolidation loan or bankruptcy. DebtConsolidation.co.uk explains the differences to help you decide which option may be best for your situation. /PressPort/ -- An Individual Voluntary Agreement
Updated: 11/17/2011 08:03A
Paulson May Have Gained $439 Million on Delphi Automotive's IPO
The average purchase price paid by investors such as Paulson, who converted debt to equity during Delphi's bankruptcy, was 67 cents a share, according to a filing with the US Securities and Exchange Commission. If Paulson paid the average cost and sold
Updated: 11/17/2011 08:02A
UK: Bankrupts to get better financial access
Bankruptcy can be a fresh start for people who have got into an unmanageable debt situation but as a consequence it appears it may lead to difficulties getting a bank account, which hinders their financial rehabilitation.
Updated: 11/17/2011 08:01A
UK: Bankrupt given jail sentence for failing to properly account for funds
Mr Gordon also failed to provide a satisfactory explanation for the loss of £25000 borrowed from NatWest shortly before bankruptcy. He gave a number of inconsistent and insufficiently detailed explanations. Mr Gordon was sentenced to 15 months
Updated: 11/17/2011 08:01A
Opinion: Don't regulate EHRs like cars
And in our lawsuit-crazy society, not taking all reasonable measures to keep the public safe is an invitation to bankruptcy. But there are two complicating issues to keep in mind when considering whether to apply an auto industry regulatory approach to
Updated: 11/17/2011 08:01A
Far Eastern financial company's bankruptcy case postponed until December 2
A commercial court postponed on Thursday the hearing of DVTG-Finance's bankruptcy case until December 2, the Russian Legal Information Agency (RAPSI) reports from the courtroom. DVTG-Finance is a funds-raising SPV of the Far Eastern Transport Group,
Updated: 11/17/2011 07:58A
General Maritime To File For Chapter 11 Bankruptcy, Restructure - Quick Facts
(GMR: News ) Thursday reported electing to file for relief under Chapter 11 of the US Bankruptcy Code in the US Bankruptcy Court for the Southern District of New York in order to facilitate a restructuring that will allow it to receive restructuring
Updated: 11/17/2011 07:50A
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