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Bankrupt Las Vegas lender sues state over its license
IFA is a hard money lender, meaning it is among companies that pool investors' funds and loan the money to real estate buyers and developers, earning fees in the process. IFA and similar companies were hurt by the recession, with many of their real
Updated: 11/22/2011 09:35P
Little interest in bankrupt Solyndra
“It was mainly designed to take the equipment and the real estate at an extraordinarily low price.” Neilson said five potential bidders — mostly from other countries — are still conducting due diligence, and it's “highly unlikely” one will want to buy
Updated: 11/22/2011 09:35P
Madoff Trustee Reaches $326 Million Settlement With IRS
The agreement is subject to bankruptcy court approval, Kates said. The settlement payment is for eventual distribution customers with valid claims, according to the filing. The case is Securities Investor Protection Corp. v.
Updated: 11/22/2011 09:34P
Torre Draws Inquiries From Suitors For Dodgers
It is a tantalizing thought as potential buyers line up to acquire the team from Frank McCourt out of federal bankruptcy court: a former manager of the team as its part owner and maybe even its president.
Updated: 11/22/2011 09:28P
MF Global customers get hope; Corzine may testify
(Reuters) - Former customers of MF Global Holdings Ltd drew new hope for a quicker return of frozen funds on Tuesday, as the bankruptcy trustee secured more assets from a Chicago bank and the CME
Updated: 11/22/2011 09:21P
Archi-critics
Last week, a bankruptcy judge approved the sale of Garden Grove's Crystal Cathedral campus (which currently houses an evangelical church of the same name) to the Roman Catholic Diocese of Orange. The glassy Crystal Cathedral building was designed by
Updated: 11/22/2011 09:09P
Tribune Co.'s former CEO to get up to $725000 to settle year-old dispute over
Tribune Co., which is working to emerge from bankruptcy protection, has agreed to pay former CEO Randy Michaels up to $725000 to settle a dispute over a bonus. Michaels had demanded to be paid a $900000 bonus when he resigned 13 months ago.
Updated: 11/22/2011 09:07P
Refund for Your Power Balance Bracelet?
The Orange County maker of the ubiquitous hologram-embedded bands said to improve athletic performance files for bankruptcy. Power Balance, the Orange County company whose bracelets are donned by top athletes and celebrities alike, has filed for
Updated: 11/22/2011 09:07P
Madoff Trustee Will Get $326 Million Settlement From U.S. Tax Collector
Trustee Irving Picard found that Madoff or his company made payments to the IRS under a section of US tax code that requires that 30 percent of dividend payments to non-resident aliens and foreign corporations be withheld for taxes, according to a
Updated: 11/22/2011 09:02P
Wandtv.com, NewsCenter17, StormCenter17, Central Illinois News-Tribune Co
(AP) - Tribune Co., which is working to emerge from bankruptcy protection, has agreed to pay former CEO Randy Michaels up to $725000 to settle a dispute over a bonus. Michaels had demanded to be paid a $900000 bonus when he resigned 13 months ago.
Updated: 11/22/2011 09:02P
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