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Power to keep flowing, trustee to be appointed for Southern Montana Electric
A bankrupt electric cooperative has agreements with power suppliers to continue receiving power for its member cooperatives for at least a month, while a bankruptcy judge has agreed to appoint a trustee to oversee Southern Montana Electric's financial
Updated: 11/22/2011 09:55A
Perdue delays facility's move to Seaford
A spokesman for Perdue, whose flagship poultry-producing business is losing money, said it remains committed to the move but would not commit to a timeline. "We do want to move forward with it as soon as possible, but we do need to wait for things to
Updated: 11/22/2011 09:55A
Tribune triples home delivery rates
22, 2011 9:43 am The Chicago Tribune — ensnared in a three-year-long bankruptcy case — is doubling and tripling rates for weekday home delivery. Lynne Marek of Crain's Chicago Business points out the increases come after the Tribune added 40 pages of
Updated: 11/22/2011 09:52A
Jefferson County sewer boss David Denard says system can survive without receiver
By Russell Hubbard -- The Birmingham News BIRMINGHAM, Alabama -- Jefferson County sewer boss David Denard testified in US Bankruptcy Court in Birmingham this morning that his environmental services department is perfectly capable of carrying on without
Updated: 11/22/2011 09:40A
Greek unions call new general strike against austerity
Greece's main unions on Tuesday called a general strike on December 1 against "harsh and unfair" austerity measures planned by the country's new government to unlock bankruptcy-saving loans, AFP reported. "The government has changed but the unfair and
Updated: 11/22/2011 09:39A
The Stalking Horse Bidder
According to the filing, Friendly's proposes to use the bankruptcy to jettison the pensions of nearly 6000 employees and retirees. Outrageous as this seems, Friendly's also proposes to sell itself out of bankruptcy to another affiliate of its current
Updated: 11/22/2011 09:32A
The Daily Docket: PSE&G Wants Dynegy Bankruptcy Case Tossed
Public Service Enterprise Group Inc. wants Dynegy Inc.'s Chapter 11 bankruptcy case dismissed, saying the power provider has “fraudulently and without good faith manufactured an artificial insolvency.” Read the Daily Bankruptcy
Updated: 11/22/2011 09:32A
Former head of AIG suing government over 2008 bailout
A company run by the former CEO of AIG is suing the federal government over the terms of a 2008 bailout that saved the company from bankruptcy. A company run by the former CEO of American International Group Inc. is suing the government for $25 billion
Updated: 11/22/2011 09:30A
Las Vegas Monorail, Trailer Bridge, MF, Dodgers: 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 09:30A
Penthouse collector's shelving business in bankruptcy
It wasn't immediately clear this week what happened to his real estate ventures. Neither Bridges nor his bankruptcy attorney returned calls Monday. However, Regions Bank had filed a mortgage foreclosure lawsuit against his rack and shelving business
Updated: 11/22/2011 09:24A
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