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It said it "aggressively worked" during the third quarter to reduce problem assets, including foreclosed real estate. The bank's provision for loan losses was at $5.6 million in the second quarter, compared with $858000 on Sept. 30, 2010.
Updated: 11/23/2011 12:08A
Judge OKs $400000 Pace/estate settlement
A US Bankruptcy Court judge approved Tuesday a $400000 settlement between defunct Pace Airlines Inc. and the estate of former owner Bob Brooks. However, how much money former employees could receive from the settlement remains uncertain.
Updated: 11/23/2011 12:07A
YAVAPAI DOWNS: Racetrack going to auction
A bankruptcy judge approved the sale this month after the track owner, the Yavapai County Farm & Agriculture Association, filed for bankruptcy in July. The association cancelled this summer's meet in Prescott Valley just a few days before it was
Updated: 11/23/2011 12:06A
Circle K, Russell Petroleum Among RPM Buyers
The properties, located in Alabama, Florida, and Georgia, were owned and operated by RPM Financial LLC and an affiliated company, USA Travel. They were sold by RPM, the debtor in possession, in a sealed bid process first announced in July 28,
Updated: 11/23/2011 12:03A
Postal service raising rates 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, which take effect
Updated: 11/23/2011 12:02A
Express, priority mail costs up
By AP 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, which take effect Jan. 22, include the introduction of a
Updated: 11/23/2011 12:00A
Bankruptcy hearing affects more than Harrisburg, finance experts say
But bankruptcy could be the end result even if a takeover should take place, said Juliet Moringiello, a bankruptcy law professor at Widener University School of Law. Council members supported bankruptcy because a court could approve a plan that calls
Updated: 11/22/2011 11:52P
Jefferson County Seeks Temporary Halt to Sewer Bond Payments
22 (Bloomberg) -- Jefferson County, Alabama, asked the judge overseeing its bankruptcy to suspend payments to sewer bondholders until he decides how much power the county should have over its insolvent sewer system. US Bankruptcy Judge Thomas B.
Updated: 11/22/2011 11:51P
Goldstein, Howe & Russell, P.C. | Argument preview: Justices balance tax and
Another argument likely to sway the Justices relates to traditional bankruptcy practice. Although the Bankruptcy Code unquestionably was intended to work a major reform of bankruptcy law, the Court has adopted a strong interpretive canon against
Updated: 11/22/2011 11:51P
Hope Village affordable housing plan faces opposition
One of the main objectors to the project is Kathy Nottel and she hired a lawyer, Christopher D'Ovidio, who challenged whether Mahoney is the owner and developer of the land as public records he obtained from US Bankruptcy Court and from the Rhode
Updated: 11/22/2011 11:42P
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