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Broke city's lawmakers: RI must pay receiver's tab
William Benson Jr., the City Council president, who was among the elected officials who unsuccessfully challenged the constitutionality of the receivership law, notes that it was Flanders who filed for bankruptcy on the city's behalf.
Updated: 02/03/2012 03:29P
Kodak puts off plans to preferred suppliers
By WILL ASTOR Eastman Kodak Co. has indefinitely put off plans to create a two-tier system for paying its US trade suppliers in its Chapter 11 bankruptcy. A critical-vendor motion that would let Kodak set up a list of favored suppliers was among the
Updated: 02/03/2012 03:20P
How to Redeem Your Property in Chapter 7 Bankruptcy
When you file for Chapter 7 bankruptcy, most of your assets are sold to raise money to repay your debts. Obviously, you would try to keep as many of your properties as possible. There are some properties that can be redeemed and thus kept under Chapter
Updated: 02/03/2012 03:18P
Maynard Thomson: No longer any serious debate over need for Medicare reform
15 statement: "As the Medicare trustees reported earlier this year, the Medicare Hospital Insurance trust fund is projected to run out of money in 2024. If we allowed this to happen, Medicare would cease to exist as we know it." Sen.
Updated: 02/03/2012 02:43P
Reform accord eludes Greece
Athens: Greece's government struggled yesterday to agree on tough labour reform that appeases both wary political leaders and irate lenders faced with a rising bill to save the country from bankruptcy. Prime Minister Lucas Papademos is under pressure
Updated: 02/03/2012 02:42P
Kelley Drye & Warren | Potential Creditor's Claim Appeal Is Moot Once Property
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 02:36P
Bankrupt Alabama county seeks state help on budget
BIRMINGHAM, Alabama Feb 3 (Reuters) - Alabama's Jefferson County needs state help to fix chronic and crippling budget gaps that could block a resolution of the county's landmark $4.23 billion bankruptcy case, the head of the county said on Friday.
Updated: 02/03/2012 02:10P
Uncertainty over 100 Bahamas Jobs
By NATARIO McKENZIE UNCERTAINTY surrounded the fate of 100 American Eagle jobs in the Bahamas last night, with the airline's parent, AMR Corporation, having announcing plans to slash as many as 13000 jobs as part of its bankruptcy reorganisation.
Updated: 02/03/2012 02:08P
Miquita Oliver in hot water over tax
By LAURA CAROE TELLY presenter Miquita Oliver faces bankruptcy after failing to pay a tax bill of more than £170000, says an accountancy firm. A statement released by Baker Tilly Restructuring and Recovery confirmed that HM Revenue and Customs had
Updated: 02/03/2012 02:03P
Yikes! I owe taxes on canceled debt?
Taxpayers who have received 1099-C or 1099-A forms for debts that were forgiven, never paid back or wiped out in bankruptcy are freaking out and asking a lot of questions. The main theme of these questions is "Do I have to pay taxes on the amount on
Updated: 02/03/2012 01:56P
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