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Bankruptcy trustee wants second crack at Martino
Bankruptcy trustee Simon Rodriguez filed a request today to conduct his own in-depth examination of Troubleshooter Network radio host Tom Martino three weeks after concluding an extensive exam of his finances.
Updated: 11/22/2011 07:56P
MORE INCREASES: Postal prices going up for express, priority mail
WASHINGTON — The cash-strapped US Postal Service is raising rates for its more profitable express mail and priority mail shipping next year, part of its efforts to stave off bankruptcy. The new prices take effect Jan. 22 and include the introduction of
Updated: 11/22/2011 07:49P
Shopkeeper and developer seeks State protection from Zurich Bank
Mr Justice Peter Kelly, while agreeing to transfer the case, said he was mindful Mr McConnon is representing himself and is involved in two other sets of proceedings and the court would afford him time and whatever assistance it could.
Updated: 11/22/2011 07:45P
Greece on brink of running out of money
REFUSAL TO SIGN PLEDGE: ATHENS – Greece's new technocrat prime minister says he is confident fractious politicians will soon provide a commitment to painful austerity measures as demanded by the EU that will unlock funds needed to stave off bankruptcy.
Updated: 11/22/2011 07:37P
CME lifts MF Global guarantee to $550 million
CME Group Inc. said it increased its financial guarantee to MF Global's bankruptcy trustee. The guarantee, previously $250 million, was increased to $550 million. The higher amount will allow the trustee to repay customers 75 percent of what they had
Updated: 11/22/2011 07:37P
Corzine Called to Testify at House Hearing on MF Global Fall
22 (Bloomberg) -- Jon S. Corzine, the former US senator and New Jersey governor who ran MF Global Holdings Ltd. until the firm filed bankruptcy last month, has been called to testify at a House hearing on the failure next month.
Updated: 11/22/2011 07:28P
CME Pledges More Funds to Free MF Customers' Cash
In a bid to hasten the return of customer money, CME Group, operator of the futures exchange, had pledged $250 million earlier this month to the trustee overseeing MF Global's liquidation. CME on Tuesday said it would increase that guarantee to $550
Updated: 11/22/2011 07:26P
Corzine Called to Testify at House Hearing
(Source: Bloomberg) Jon S. Corzine, the former US senator and New Jersey governor who ran MF Global Holdings Ltd. (MF) until the firm filed bankruptcy last month, has been called to testify at a House hearing on the failure next month.
Updated: 11/22/2011 07:24P
Furniture makers land in bankruptcy
LLC and two sister companies landed in bankruptcy Tuesday. The companies each stated in court documents that their operations were effectively shut down last week after a lender refused to fund payroll. The lender, Banco Popular North America,
Updated: 11/22/2011 07:17P
NHL, Gretzky need to hug it out
Most unsecured creditors lose everything in bankruptcy cases. Of course, Gretzky isn't just some unsecured creditor. He's Wayne Gretzky. And if you're the NHL, Wayne Gretzky has to be considered too big to fail. Thus, the talks to figure this whole
Updated: 11/22/2011 07:16P
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