Claims traders pay a discount keyed to the risk a bankruptcy claim will be refused ... Nortel’s terms means settlement without full knowledge a lawsuit has been filed that could mean a greater payoff, Keach said. Like the regular ex-employees ...
(Daily Bankruptcy Review and DBR Small Cap are daily newsletters with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit our homepage, scroll to the bottom and click “try for free.”)
He's faced several lawsuits over his business dealings and remains mired in a Chapter 7 bankruptcy case he filed nearly three years ago that includes allegations of theft and fraud against him made by his ex-wife, Laura Gordon, and pro ...
The tightening of consumer credit during the economic downturn may be paying off now, as the number of consumer bankruptcy filings plunged by 14 percent during the first half of the year, continuing the steep decline that began last year. For the first six ...
Gordon listed $10.8 million in assets and $41 million in liabilities in his bankruptcy filing. He's been fighting the Internal Revenue Service, which claims Gordon owes $44 million in taxes and interest on the money he stole from Merrill Lynch.
With two other California cities recently filing for bankruptcy, a third about to and others in trouble, Vallejo offers an example of what good — and bad — can come from a Chapter 9 filing. "Bankruptcy brings a brutal recognition of the new ...
The Albuquerque Journal reports that in the first half of this year New Mexico saw 2,538 bankruptcies, an 18 percent decline from the same period in 2011, which had 3,094. That percentage has outpaced the U.S. as a whole, which saw a decline of 14 percent ...
If you watched the fiscal crisis unfold in Pennsylvania’s state capital of Harrisburg over the last two years, you saw how many obstacles the state imposed on its cities to prevent them from filing for bankruptcy. Pennsylvania’s Act 47 prescribes how ...
And back wages, which weren't paid for several months after the bankruptcy filing, have been delivered. A happy ending, right? By all appearances, it's a great story -- the team banded together, determined to rise or fall as one, as Grubb ...
ALBUQUERQUE, N.M. (AP) - Bankruptcy filings in New Mexico have been sliding since mid-2010 and continued to decrease during the first half of 2012. The Albuquerque Journal reports that the clerk's office for the U.S. Bankruptcy Court in ...
