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City of Compton may declare bankruptcy by September: officials - YAHOO!

07/18/12

The city council adjourned at 11 pm without discussing a potential bankruptcy filing. Compton Mayor Eric J. Perrodin also said he brought unspecified charges of "waste, fraud and abuse of public monies" to California officials, and had met with auditors ...

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City of San Bernardino, California, to vote on filing for bankruptcy - CNN

07/18/12

Los Angeles (CNN)-- The City Council of San Bernardino, California, is scheduled to vote late Wednesday on a resolution formally authorizing the filing of bankruptcy. The council, scheduled to meet at 5 p.m. (8 p.m. ET), is to consider first ...

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California city to vote on bankruptcy - ClickOnDetroit.com

07/18/12

The City Council of San Bernardino, California, is scheduled to vote late Wednesday on a resolution formally authorizing the filing of bankruptcy. The council, scheduled to meet at 5 p.m. (8 p.m. ET), is to consider first another resolution ...

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Tuscaloosa bar shooting suspect Wilkins was fired after fistfight, court records detail other troubles - Everything Alabama Blog

07/18/12

In a bankruptcy filing on July 20, 2011, Wilkins listed his job as a supervisor for Capstone Oilfield Services for six years. A final evidentiary hearing to consider motions was set to be held Aug. 2 in U.S. Bankruptcy Court in Tuscaloosa ...

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Islands Hit With Bill for Failed Pension Fund Bankruptcy - Wall Street Journal

07/18/12

Filing for bankruptcy could have enabled the fund’s administrators to cut pension payments that would have otherwise been banned by the government. Outside of bankruptcy, the island’s government could take over the fund and let it continue ...

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Another California city discusses possible bankruptcy - Sacramento Bee

07/18/12

LOS ANGELES -- Officials in the financially struggling city of Compton, Calif., have begun publicly discussing the possibility of filing for bankruptcy, following on the heels of three other California cities: Stockton, Mammoth Lakes and San Bernardino.

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CORRECTED-City of Compton may declare bankruptcy by September-officials - Reuters India

07/18/12

1 whether to seek bankruptcy, according to its two most senior financial officials. Such a move would see it join a growing number of deficit-hobbled California cities that have used the filing to restructure onerous debt loads. Compton ...

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ResCap Requests Bankruptcy Bonuses - Wall Street Journal

07/18/12

Residential Capital LLC wants to pay up to $17.8 million in bankruptcy bonuses to boost the morale of nearly 200 employees it says are key, even though its parent has yet to pay back billions in government bailout funds. In a filing Tuesday ...

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AMR has 2Q loss of $241M on bankruptcy costs - Yahoo Finance

07/18/12

AMR shares were removed from the New York Stock Exchange after the bankruptcy filing. They continue to trade over the counter but have fallen below $1 because companies in bankruptcy usually issue new stock after they go through the process.

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Compton officials talking about possibly filing for bankruptcy - Los Angeles Times

07/18/12

Officials in the financially struggling city of Compton have begun publicly discussing the possibility of filing for bankruptcy, following on the heels of Stockton, Mammoth Lakes and San Bernardino. Treasurer Douglas Sanders told the council ...

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