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Potential creditor's claim appeal is moot once property is sold pursuant to
River West Plaza - Chicago owned and operated a shopping center in Chicago before it filed for bankruptcy. At the time of its filing, Frank Schwab was the plaintiff in a state court case against River West. He filed a notice of claim with the
Updated: 02/03/2012 12:09P
Avenue Moves to Keep Lingerie Promises
In an 89-page summary of its immediate operational needs, the chain's owner asked Judge Stuart M. Bernstein of the US Bankruptcy Court in Manhattan to allow the company to continue giving out a free bra to women who've purchased five others from its
Updated: 02/03/2012 11:39A
Greece struggles on reform, lenders may face rising
ATHENS (Reuters) - Greece's government struggled on Friday to agree tough labor reform that appeases both wary political leaders and irate lenders faced with a rising bill to save the country from bankruptcy. Athens is under pressure to wrap up talks
Updated: 02/03/2012 11:37A
Investors, bankrupt oil company settle lawsuit
US Bankruptcy Judge Joan Lloyd must still approve the agreement between the plaintiffs and Mammoth Resource Partners, a Cave City, Ky.-based oil and gas company. Under the terms of the settlement, one third of each claim by the investors' claims will
Updated: 02/03/2012 11:12A
TV presenter Miquita Oliver faces bankruptcy after failing to pay £174000 tax bill
By Tara Evans Former T4 presenter Miquita Oliver is facing bankruptcy after failing to pay a tax bill of more than £174000, according to a firm of accountants. A statement from the firm, Baker Tilly confirmed that the HM Revenue and Customs had
Updated: 02/03/2012 11:07A
US farmers, ranchers owed $100 mln by MF Global
Thousands of MF Global clients have received about 70 percent of their money held in segregated accounts since the broker filed for bankruptcy on Oct. 31. The CME on Thursday announced it would launch on March 1 a $100 million fund to protect farmers
Updated: 02/03/2012 11:04A
WaPo Fact Check Says Obama's Fibbing About Auto Bailout
The basic thrust of the article was that the companies should go through a managed bankruptcy, mainly to shed labor costs, rather than just get a “bailout check.” We gave Two Pinocchios to Romney for how, in retrospect, he has characterized his stance.
Updated: 02/03/2012 11:03A
Air Canada, WestJet upgraded to outperform
The bankruptcy fears that hit the airline sector after AMR Corp., the parent company of American Airlines, filed for Chapter 11 late last year have abated on strong fourth quarter traffic and pricing, and Canadian airlines appear poised for sizable
Updated: 02/03/2012 10:45A
Swiss club Servette averts bankruptcy hearing by paying stadium cleaning bill
AP GENEVA — The president of Servette says the Swiss club averted a threatened bankruptcy hearing by paying part of its stadium cleaning bill. Servette's problems raised fears that the nine-team Swiss Super League could lose another club.
Updated: 02/03/2012 10:43A
Law grads go to court for bankruptcy protection
Valle, who represented herself, found out the hard way that federal law prohibits courts from discharging student-loan debt except in cases where repayment would create a so-called "undue hardship" on the debtor - a difficult standard to meet.
Updated: 02/03/2012 10:36A
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