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Philadelphia Orchestra to make expedited exit from bankruptcy - Philadelphia Daily News

06/11/12

McMichael, the orchestra's chief bankruptcy lawyer, said he expected no objections. Frank said he agreed with the orchestra's argument that there was little reason to believe that "any major dissident faction" would surface. The orchestra filed ...

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Philadelphia Orchestra to make expedited exit from bankruptcy - Philadelphia Daily News

06/11/12

McMichael, the orchestra's chief bankruptcy lawyer, said he expected no objections. Frank said he agreed with the orchestra's argument that there was little reason to believe that "any major dissident faction" would surface. The orchestra filed ...

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ResCap Offers Investors $8.7 Billion Bankruptcy Claim - Businessweek

06/11/12

ResCap, based in Minneapolis, filed for bankruptcy May 14 with plans to sell most of its assets and to resolve lawsuits related to mortgage-backed securities. The company today won approval from U.S. Bankruptcy Judge Martin Glenn to pay wages ...

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Berkshire seeking to buy ResCap mortgage unit - msnbc.com

06/11/12

ResCap, the mortgage unit of Ally Financial , filed for bankruptcy in May with a plan to sell the unit to Nationstar for about $2.4 billion. Ally is the former in-house financing arm for General Motors Co , previously known as GMAC ...

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Berkshire makes offers for ResCap assets - Financial Times

06/11/12

Berkshire Hathaway, the investment company run by Warren Buffett, has offered to buy the mortgage servicing business and loan portfolio of Residential Capital, the home lender that filed for bankruptcy with significant debts to Berkshire. ResCap ...

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What happens to Tribune after bankruptcy? - Reuters Blogs

06/11/12

Reporting from court filings, Chicago Tribune reporter Michael Oneal put Tribune ... According to Oneal, who has been monitoring the ailing company’s vitals since before its bankruptcy, Tribune isn’t so sick that it must sell off all its parts immediately.

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North Dakotans Can Get Debt Relief through Bankruptcy - Transworld News

06/11/12

Although North Dakota has one of the lowest numbers of bankruptcy filings in the country many residents in the state still face economic troubles. Many individuals and businesses that are saddled with debt need relief and a bankruptcy attorney can offer ...

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FGIC says New York agency asks to take it over - Reuters

06/11/12

FGIC filed for bankruptcy in August of 2010 as a result of the financial crisis and a deterioration in the U.S. housing and mortgage markets. It was once the fourth-most active bond insurer. The issues that affected FGIC were widespread.

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US Trustee objects to ResCap sales procedures - Reuters

06/11/12

She said they would discourage bidders from participating. ResCap, the mortgage unit of Ally Financial, filed for bankruptcy in May with a plan to sell its mortgage servicing business for about $2.4 billion to Nationstar Mortgage Holdings ...

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BrightSource to Bid for Solar Trust 500-Megawatt Project - Businessweek

06/11/12

Solar Millennium filed for bankruptcy protection after the plunging price of photovoltaic panels made its solar-thermal technology less competitive. The company planned to use arrays of trough-shaped mirrors to focus sunlight on a fluid-filled ...

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