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General Maritime To File For Bankruptcy Protection - Update
(GMR: News ), a transporter of seaborne crude oil, said Thursday it has elected to file for Chapter 11 bankruptcy protection to implement a financial restructuring. The company noted that continued macroeconomic weakness and reduced tanker rates have
Updated: 11/17/2011 09:37A
TagAZ bankruptcy hearing postponed until December 26
According to TagAZ, VTB Bank's claims to recognize the bank's bankruptcy under the Moscow Commercial Court's decision to recover $38.6 million from TagAZ. The plant has already submitted to the Moscow Commercial Court an application to grant a delay in
Updated: 11/17/2011 09:35A
Think Money welcomes plans for 'simpler' bankruptcy
By · November 17, 2011 · No comments Financial solutions company Think Money has welcomed new plans, announced by the Government, to 'streamline' the bankruptcy process – which could cut costs for both struggling borrowers and the taxpayer.
Updated: 11/17/2011 09:35A
Electric Vehicles; Ineptitude, apathy ... and piles of taxpayer money
The last few weeks have been a media and political circus in the US as a pair of high-profile Department of Energy loan guarantees wound up in bankruptcy court. In the first case, solar power innovator Solyndra filed two years after closing a $535
Updated: 11/17/2011 09:34A
General Maritime files for Chapter 11 bankruptcy
N) filed for Chapter 11 bankruptcy protection on Thursday at a time when the shipping industry is grappling with oversupply and depleting earnings. Bankers expect more bankruptcies and restructuring in the sector as companies struggle with a worsening
Updated: 11/17/2011 09:31A
From Solyndra Circus To Clean-Energy Reform
Step right up to see the latest chapter in the ongoing political circus surrounding the bankruptcy of solar manufacturer and federal loan guarantee recipient Solyndra. Today's main attraction: Secretary of Energy Steven Chu's long-awaited appearance
Updated: 11/17/2011 09:30A
Gerry Weber grabs broke rival
Don Gil managers decided to declare the business bankrupt after having hoped for months for fresh capital from its Italian parent company. Don Gil has 370 employees. Experts have said it was unlikely that Gerry Weber – which is represented in 62
Updated: 11/17/2011 09:24A
General Maritime files for Chapter 11 protection
Tanker operator General Maritime Corporation (NYSE: GMR) says it has filed for relief under Chapter 11 of the United States Bankruptcy Code in the US Bankruptcy Court for the Southern District of New York. Substantially all of the company's
Updated: 11/17/2011 09:21A
Bankrupts to get better financial access
Proposals have been published asking for evidence about the effect bankruptcy has on the ability of individuals to access a bank account and inviting views on possible measures to improve access. Bankruptcy can be a fresh start for people who have got
Updated: 11/17/2011 09:17A
General Maritime Filing May Reassure Tanker Users, Jensen Says
(GMR)'s bankruptcy filing may reassure companies that hire tankers, said Erik Folkeson Jensen, an analyst at First Securities ASA. General Maritime, which transports crude oil by sea, listed assets of $1.71 billion and debt of $1.41 billion in a
Updated: 11/17/2011 09:15A
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