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Ally Gets Bondholder Support For ResCap Bankruptcy -Bloomberg - NASDAQ

05/08/12

Bondholders of Residential Capital have given parent Ally Financial Inc. oral commitments to support a bankruptcy filing for the home-loan unit, which might come early next week, Bloomberg reported Tuesday citing people with direct knowledge of the talks.

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Ally Said to Gain ResCap Bondholder Support for Bankruptcy Plan - Businessweek

05/08/12

Ally Financial Inc. (ALLY) (ALLY), the auto lender majority-owned by U.S. taxpayers, received an oral commitment from bondholders of Residential Capital to support a bankruptcy filing for the mortgage unit that may come early next week ...

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Bankruptcies down in Tucson, statewide - Arizona Daily Star

05/08/12

Bankruptcy filings in Tucson fell by 20 percent in April compared with the same month a year ago, while filings fell nearly 25 percent statewide and more than 27 percent in Phoenix. But Chapter 11 business reorganization cases are being filed at about the ...

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Bankruptcy filings decline in early 2012 - The Business Journal

05/08/12

Bankruptcy filings in New Mexico were down 16 percent in the first four months of 2012 compared to 2011, the U.S. Bankruptcy Court U.S. Bankruptcy Court Latest from The Business Journals Big Bear parent gets bankruptcy funding Follow this ...

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Bankruptcy may be best option for Ally's mortgage unit - Reuters

05/08/12

May 8 (IFR) - If the mortgage unit of loan giant Ally Financial files for bankruptcy this weekend as expected, there will be one immediate reason -- the company could default on $1bn of debt on Monday. The filing, expected on Sunday night ...

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Phoenix-area bankruptcy filings fall in April - KTAR.com

05/08/12

PHOENIX -- Bankruptcy filings in the Phoenix metropolitan area in April fell 27 percent from the same month in 2011. The 1,999 filings for April reported by the U.S. Bankruptcy Court in Phoenix compared with 2,748 in April 2011. The latest figures also ...

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Springfield’s Fischer Hardware battles to survive; says Ace Hardware led it on path to bankruptcy - Washington Post

05/08/12

And then the store spiraled straight down a financial sinkhole into bankruptcy, for which the Ewerses filed ... the counter-claim states. The Ewerses filing argues that an Ace official told one of his marketing development managers to ...

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Las Vegas developer lists over $500 million in debt in bankruptcy filing [Las Vegas Sun] - Businessweek

05/08/12

May 08--Las Vegas developer Bill Plise revealed in Bankruptcy Court on Monday he's in debt to the tune of a staggering $506.5 million, while his assets are valued at just $4,738. Plise filed for personal Chapter 7 bankruptcy protection on April 23.

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Ally Gets Nod for ResCap Filing as U.S. Seeks Repayment - Bloomberg

05/08/12

received U.S. Treasury Department approval to put its Residential Capital unit into bankruptcy as the government seeks to recover bailout funds. The Treasury will support directors at Ally and ResCap if they decide that filing for court ...

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Ally Gets Nod for ResCap Filing as U.S. Seeks Repayment - Bloomberg

05/08/12

received U.S. Treasury Department approval to put its Residential Capital unit into bankruptcy as the government seeks to recover bailout funds. The Treasury will support directors at Ally and ResCap if they decide that filing for court ...

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