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Lorain Council OKs conversion of steel mill plant to recycling center
“Land that probably would've sat there another 100 years waiting to be cleaned up, we were able to step in through the bankruptcy and begin that process and improve it,” Mayor Tony Krasienko said Monday. “Bankruptcy's never a good thing,
Updated: 11/22/2011 09:16A
MF Global trustee doubles estimates of shortfall; may be $1.2 billion
Hours after the statement, the bankrupt MF Global parent filed court papers along with JPMorgan Chase & Co., one of its key lenders, seeking the rare appointment of a separate trustee to take over the company's assets in bankruptcy.
Updated: 11/22/2011 09:15A
Dodgers hearing on Fox Sports dispute canceled without explanation
Fox Sports, which has a contract to broadcast the team's games through 2013, on Friday asked the bankruptcy court to consider dismissing the bankruptcy case, saying that the team's bankruptcy was not valid and just an attempt to invalidate Fox's
Updated: 11/22/2011 09:15A
Vegas Monorail, Trailer Bridge, MF Global, Hussey: Bankruptcy
To confirm a plan, the Bankruptcy Code requires the judge to determine that the plan is feasible. "Regardless of creditor preferences," Markell said the feasibility standard requires plan proponents to show it's "more likely than not" that confirmation
Updated: 11/22/2011 09:11A
MF Global bankruptcy trustee says missing customer cash is TWICE what firm
A bankruptcy judge last week approved his request that 60 per cent of the funds in about 23300 frozen cash-only accounts be returned to clients. The money could start moving this week. But some clients who had a mix of cash and trading positions have
Updated: 11/22/2011 09:01A
Dallas Stars Sale To Tom Gaglardi For $240 Million Pummels Team's Creditors
A bankruptcy court judge approved the Vancouver businessman's bid last week for an enterprise value of $240 million. Gaglardi is president of Northland Properties, a hotel, restaurant and construction company in Western Canada that was founded by his
Updated: 11/22/2011 08:59A
Dallas Stars Sale To Tom Gaglardi For $240 Million Kills Team's Creditors
The final sale price of the Dallas Stars and half of American Airlines Center to Tom Gaglardi came aa huge discount for creditors of Hicks Sports Group and the National Hockey League team. A bankruptcy court judge approved the Vancouver businessman's
Updated: 11/22/2011 08:59A
Dallas Stars Sale To Tom Gaglardi For $240 Million Kills Creditors
A bankruptcy court judge approved the Vancouver businessman's bid last week for an enterprise value of $240 million. Gaglardi is president of Northland Properties, a hotel, restaurant and construction company in Western Canada that was founded by his
Updated: 11/22/2011 08:53A
More Local Govt's Go Bankrupt
Across the United States, local governments have been declaring bankruptcy at the rate of one a month, often with devastating consequences for their communities. In the wake of the 2008-09 recession, the pace of municipal bankruptcies has been
Updated: 11/22/2011 08:42A
MF Global, Self-Policing Funds, EU Auditors: Compliance
Giddens faces requests at a hearing in Manhattan bankruptcy court today from customers who say they want an immediate return of some funds. In its Oct. 31 bankruptcy filing, parent company MF Global Holdings Ltd. listed debt of $39.7 billion and assets
Updated: 11/22/2011 08:37A
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