Fillings

5 Bankruptcy Myths Debunked - US News and World Report

05/14/12

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 ...

[more]

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 ...

[more]

LightSquared, Failed Wireless Venture, Files Bankruptcy (Update 1) - Bloomberg

05/14/12

You need to enable Javascript to play media on Bloomberg.com LightSquared Inc. filed for bankruptcy after its plan to deliver high-speed wireless to as many as 260 million people ran afoul of U.S. regulators. Harbinger Capital Partners ...

[more]

Ally Financial’s mortgage subsidiary files for bankruptcy - The Business Journal

05/14/12

... Ally Financial Inc. Latest from The Business Journals Ally Financial mortgage unit files for bankruptcy After bankruptcy filing, company says Montco jobs safe Ally Financial mortgage unit set to file for bankruptcy Follow this company and ...

[more]

Bankruptcy filing in US not to impact India operations: Kodak - Deccan Herald

05/14/12

Digital imaging firm Kodak India today said the bankruptcy filing by its parent in the US will not impact operations here and it will continue to do normal business in the country. Earlier today cash-strapped camera pioneer Eastman Kodak Co, which brought ...

[more]

LightSquared Said To Be Approaching Bankruptcy - Investors Business Daily

05/14/12

LightSquared, the debt-laden startup that has tried to develop a fourth-generation LTE wireless network, reportedly is close to a bankruptcy filing. The company has until 5 p.m. ET Monday to come to an agreement with creditors, reports the Wall Street Journal.

[more]

Ally hopes to end mortgage woes with ResCap bankruptcy - msnbc.com

05/14/12

NEW YORK (Reuters) - Ally Financial Inc's mortgage unit on Monday filed for bankruptcy and the auto lender said it will sell some international operations to help set it on a path to repaying $12 billion in bailout money. Ally's mortgage unit, called ...

[more]

ResCap, Ally Financial Mortgage Unit, Nearing Bankruptcy - Huffington Post

05/14/12

NEW YORK, May 13 (Reuters) - Ally Financial Inc's Residential Capital unit is nearing a bankruptcy filing, sources familiar with the situation said on Sunday, in a move that could help the taxpayer-owned auto lender to shed its troubled mortgage ...

[more]

After bankruptcy filing, company says Montco jobs safe - The Business Journal

05/14/12

Ally Financial Inc. Ally Financial Inc. Latest from The Business Journals Ally Financial mortgage unit set to file for bankruptcy Hawaii homeowners to start getting mortgage relief letters under settlement Ally Financial again dogged by mortgage ...

[more]

Ally hopes to end mortgage woes with ResCap bankruptcy - MSN Money

05/14/12

NEW YORK (Reuters) - Ally Financial Inc's mortgage unit on Monday filed for bankruptcy and the auto lender said it will sell some international operations to help set it on a path to repaying $12 billion in bailout money. Ally's mortgage unit ...

[more]