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Former Pace Airline Workers Could Collect Some Back Wages
AP Winston-Salem, NC -- A bankruptcy judge is hearing details of a settlement with the estate of former Hooters founder Bob Brooks that could boost the chances that workers at the defunct airline he once owned will collect back pay.
Updated: 11/22/2011 07:11A
MF Global trustee doubles estimates of shortfall (NEWS.GNOM.ES)
N), one of its key lenders, seeking the rare appointment of a separate trustee to take over the company's assets in bankruptcy. Such appointments are reserved for cases in which a company's executives are accused of wrongdoing or when it may otherwise
Updated: 11/22/2011 07:10A
Bankruptcy judge appoints new trustee to run SME co-op
US Bankruptcy Judge Ralph B. Kirscher Monday agreed to appoint a trustee to run Southern Montana Electric Generation & Transmission Cooperative. At a hearing in Billings, Kirscher also said he would approve several short-term pacts, including one to
Updated: 11/22/2011 07:10A
Student Debt Won't Just Go Away
According to my calculations based on data from the Education Department's Direct Loan Program, annual payments and default collections total about 5.6 percent of these outstanding direct loans. If this proportion is similar for other kinds of
Updated: 11/22/2011 07:07A
Sewer debt crisis: Receiver says Jefferson County sewer is still a mess
Young said he also found that the system could easily cut the jobs at its two treatment plants by one-third, with no loss of efficiency. He also said there was no business plan, no financial information and that there had been no audits of the money
Updated: 11/22/2011 07:03A
Financial ETF Roundup: Ex-US Edition
The last few weeks have been a rocky stretch for the financial sector in the US, with another massive bankruptcy filing coming as negative sentiment towards big financial institutions is reaching new heights. After a stellar month in October,
Updated: 11/22/2011 07:02A
113 primates taken from the Wild Animal Orphanage
DILLEY, Texas -- The US Bankruptcy Court has agreed to the transfer of 113 animals currently located at the now defunct Wild Animal Orphanage to a animal sanctuary in Dilley. Born Free USA Primate Sanctuary said 112 macaques and one baboon will be
Updated: 11/22/2011 06:58A
Cumulus Unit AR Licensing, LLC's Four Stations File For Debtor-In-Possession
AR BROADCASTING HOLDINGS, INC., AR BROADCASTING, LLC, and AR LICENSING, LLC are the entities under CUMULUS ownership filing for Chapter 11, with the next hearing on the bankruptcy scheduled for DECEMBER 29th in US Bankruptcy Court in DELAWARE.
Updated: 11/22/2011 06:57A
Panel Says Judge's Membership in Country Club Is Ethics Violation, But
A bankruptcy judge violated the ethics code when he failed to resign from a Nashville, Tenn., country club that had no blacks or women as voting members, according to the Federal Judicial Conference's Committee on Judicial
Updated: 11/22/2011 06:56A
Should bankrupts 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: 11/22/2011 06:22A
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