Current Affairs

"Southern Montana Electric Generation & Transmission Cooperative Inc., a provider of electrical power to utility cooperatives in Montana, filed for bankruptcy protection. The company listed assets and debt in the range of $100 million to $500 million each in Chapter...

"A bipartisan bill sponsored by leaders of the House Judiciary Committee may strip Delaware of its status as the premier venue for U.S. bankruptcy cases, costing the state’s economy an estimated $100 million a year. Lamar Smith, the Texas Republican...

"Former Texas Rangers star Rafael Palmeiro has asked creditors in his real estate bankruptcy case for five years to sell nearly 200 acres of land in Grapevine near Grapevine Mills mall." Read more here.

"Innkeepers USA Trust will try to persuade a judge to force would-be buyers to proceed with their planned $1.12 billion acquisition of some of its hotels as a trial begins on Monday in a U.S. bankruptcy court. Innkeepers, the bankrupt...

"The owner of Mexican restaurant chains Chevys Fresh Mex, El Torito and Acapulco filed for bankruptcy Tuesday, pressured by years of slipping sales and the country’s economic malaise, executives said. Cypress-based RM Restaurant Holding Corp. said its revenue has fallen...