Fillings

ResCap Filing May Trigger $858 Mln Worth Of CDS Payouts - Wall Street Journal

05/15/12

following the company's bankruptcy filing Monday. The Chapter 11 filing by the Ally Financial subsidiary in a New York court prompted UBS AG (UBS, UBSN.VX) to ask a special committee of the International Swaps and Derivatives Association to ...

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The 5 Most Common Bankruptcy Myths Debunked - The Business Insider

05/15/12

Nadya Suleman (known to gossip magazines as "Octomom") recently filed for Chapter 7 bankruptcy after accumulating roughly $1 million in debt. Tabloids and gossip blogs have criticized Suleman's spending and lifestyle, but she's far from alone in her financial woes.

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Ally aims to end mortgage woes with ResCap filing - Yahoo Finance

05/15/12

(Reuters) - Ally Financial Inc's mortgage unit filed for bankruptcy protection on Monday, and the former in-house financing arm for General Motors Co also said it will sell some international operations to help set it on a path to repaying $12 ...

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Wireless startup LightSquared, which had test run near Las Vegas, files for bankruptcy - Las Vegas Sun

05/15/12

NEW YORK — LightSquared Inc., which hoped to create an independent wireless broadband network in the U.S., filed for bankruptcy protection on Monday. Regulators blocked its plan this winter because of concerns that its transmissions would ...

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Auto bailout: ex-GMAC puts mortgage unit in bankruptcy - USA Today

05/14/12

The Residential Capital (ResCap) unit filed for Chapter 11 bankruptcy early today and Ally CEO Michael Carpenter said in a statement: "The action by ResCap will enable Ally to achieve a permanent solution to its legacy mortgage risks and put these issues ...

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Ally Financial's ResCap mortgage unit seeks bankruptcy protection - Los Angeles Times

05/14/12

The U.S. government is hoping that the bankruptcy filing by Ally Financial Inc.'s troubled mortgage business will help the company repay its government bailout faster. Residential Capital, or ResCap, filed for Chapter 11 bankruptcy protection in ...

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LightSquared files for bankruptcy, insists network project will continue - Ars Technica

05/14/12

LightSquared officially filed for Chapter 11 bankruptcy in New York today. In a statement, CFO Marc Montagner said the move “is intended to give LightSquared sufficient breathing room to continue working through the regulatory process that ...

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Wireless venture LightSquared files for bankruptcy protection - Los Angeles Times

05/14/12

LightSquared Inc., which hoped to create an independent wireless broadband network in the U.S., has filed for bankruptcy protection. Regulators blocked the company's plan last winter because of concerns that its transmissions would interfere ...

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American Airlines pilots ask bankruptcy judge to keep contracts intact - Miami Herald

05/14/12

The pilots' chief negotiator laid out disputes over outsourcing, work rules, sick leave and medical costs that roiled the carrier leading up to the bankruptcy filing last year. At least a half-dozen pilots in uniform attended the court hearing.

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Falcone's LightSquared files for bankruptcy - Reuters

05/14/12

(Reuters) - Hedge fund manager Philip Falcone's dream of bringing another wireless network to the United States likely came to an end on Monday, when LightSquared Inc, the ailing telecommunications company he bankrolled, filed for bankruptcy protection.

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