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Local bankruptcies highest in US
The bankruptcy court district that includes Orange County had 36459 bankruptcy filings during the second quarter, more than two-and-a-half times the number of the second highest district, which is also in
Updated: 11/18/2011 02:57P
MF Trustee Says 'No Assurance' of 100% Collateral Return
“Efforts are on-going to analyze the cause of the shortfall and to seek to remedy it in coordination with multiple regulators and law enforcement officials,” he said in a statement today. The broker-dealer's bankrupt parent, MF Global Holdings Ltd.,
Updated: 11/18/2011 02:57P
General Maritime Can Draw on $75 Million Bankruptcy Loan
18 (Bloomberg) -- General Maritime Corp., the second- largest US owner of oil tankers, can draw $30 million of a $75 million loan that will require it to file a plan of reorganization in 75 days or sell all its assets. US Bankruptcy Judge Martin Glenn
Updated: 11/18/2011 02:57P
Greek govt submits budget, EU/IMF team meets PM
As part of that process, representatives from the "troika" of the International Monetary Fund, the European Union and European Central Bank met Greek Finance Minister Evangelos Venizelos and Papademos on Friday. The officials, who made no statement
Updated: 11/18/2011 02:55P
Applying for Poor Credit Car Loans after Bankruptcy
Many of the questions we get asked have to do with qualifying for horrible credit auto loans following a personal bankruptcy. We've familiar with this situation after twenty years of involvement in bad
Updated: 11/18/2011 02:51P
GARDEN GROVE, Calif., Nov. 18 (UPI) --
The Crystal Cathedral in Orange County, Calif., will be sold to the Roman Catholic Church for $57.5 million, a bankruptcy judge ruled. Israeli defense officials say they're confident the first squadron of Lockheed Martin's F-35 Joint Strike Fighter
Updated: 11/18/2011 02:50P
Beacon Power devalues NY plant by 77%
Just a couple of weeks into its bankruptcy process, Beacon Power Corp. has written down the value of its Stephentown, NY, energy storage plant as it moves toward a liquidation of its assets, according to court
Updated: 11/18/2011 02:50P
Greek govt submits budget as EU/IMF mission arrives
As part of that process, representatives from the “troika” of the International Monetary Fund, the European Union and European Central Bank were to meet Greek Finance Minister Evangelos Venizelos and Papademos later last night and the heads of the
Updated: 11/18/2011 02:49P
How to Beat the System, or, How to Side Step the Bankruptcy Means Test
If you have looked into filing for bankruptcy you have likely come across something known as the Means Test. Back in 2005 Congress amended the laws related to bankruptcy and put in place new laws that they thought would force more people into a chapter
Updated: 11/18/2011 02:44P
Mrs. Fields Said to Be Near Ceding Control to Lenders
18 (Bloomberg) -- Mrs. Fields Famous Brands LLC may cede control to creditors including Carlyle Group LP and Z Capital Partners LLC by swapping debt for equity to avoid bankruptcy, said four people with knowledge of the plan.
Updated: 11/18/2011 02:44P
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