363 Sales

The Daily Docket: Berkshire Offered $1 for ResCap Ahead of Bankruptcy - Wall Street Journal

06/18/12

req.), transcripts released last week show that Ponzi-scheme operator Scott Rothstein used money to fund investments in Gianni Versace’s former South Beach house, which was put up for sale for $125 million. Follow Bankruptcy Beat on Twitter.

[more]

A123 System's New Battery Won't Stave Off Bankruptcy - Seekingalpha.com

06/18/12

It's very likely that bankruptcy could happen right around production phase ... If A123 wanted to do another bond sale, the new interest rate would be greater than 12%. This is because the bond market currently believes there is a lot of risk for the ...

[more]

Energy Conversion Devices and United Solar Ovonic Schedule Auction of Bankrupt Assets - Financial Post

06/18/12

to be authorized by the United States Bankruptcy Court, substantially all of its assets relating to its solar business. The auction will commence on June 26, 2012. Assets for sale will include machinery, equipment, intellectual property ...

[more]

The Real Housewives of New Jersey Recap: Best Friends For Never - The Hollywood Gossip

06/18/12

Minus 15. If this is bankruptcy then sign me up. The visit to their lawyer left more questions than answers. How much debt are these two in that they can't pay it off with Teresa's book sales? I can only imagine that the money they waste in a month could ...

[more]

Qantas Fire-Sale Discount Seen Inviting LBO After Plummet - Businessweek

06/18/12

Any buyer will have to comply with the Qantas Sale Act, which requires that the airline remain ... be held by Australia’s Allco Finance Group Ltd., which filed for bankruptcy in November 2008. The deal, rejected by Qantas shareholders, put ...

[more]

Mystic Days Inn goes to auction after two bids are withdrawn - TheDay

06/17/12

A court-ordered bankruptcy sale of the Days Inn of Mystic is proceeding after two bidders withdrew their $3.8 million offer for the 125-room hotel and restaurant, an attorney helping arrange the sale of the property said this week. Lori Schwartz ...

[more]

Carbofer trading, shipping arms declared bankrupt - Reuters UK

06/15/12

CGT, once a large player in the spot coal and steel trade, was declared bankrupt on May 16, the bankruptcy office of Lugano told ... attempt to recapitalize the company through the sale of a substantial stake to an Indian investor last year ...

[more]

Carbofer trading, shipping arms declared bankrupt - Reuters India

06/15/12

CGT, once a large player in the spot coal and steel trade, was declared bankrupt on May 16, the bankruptcy office of Lugano told ... attempt to recapitalize the company through the sale of a substantial stake to an Indian investor last year ...

[more]

ResCap: Berkshire chose not to be part of pre-bankruptcy sale process - Reuters UK

06/15/12

June 15 (Reuters) - Warren Buffett's Berkshire Hathaway Inc , which has offered to buy key assets from Residential Capital LLC, chose not to take part in the process to sell the mortgage loan and servicing company when it was preparing to file ...

[more]

What a difference a year makes for the Dodgers - CNN

06/14/12

Bankruptcy court approves sale of Los Angeles Dodgers He says, "Well, how's that saying go, 'The whole is greater than the sum of its parts?'" Everything that goes wrong one year can go right the next. Every guy who hit .200 can hit .300.

[more]