Liquidation

Sheriff, DA investigating bankruptcy-bound CA city - Boston Globe

07/13/12

where city officials voted this week to take the rare step of filing for bankruptcy. Sheriff-Coroner Rod Hoops said in a statement the investigation began at the request of city officials several months ago. City Attorney James Penman said ...

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Kodak, in bankruptcy, seeks bonuses to keep executives - USA Today

07/12/12

If the bankruptcy case winds up with creditors getting 10 cents or ... Perez, for example, was eligible for as much as $8.6 million in cash in 2010, including $7.5 million in bonuses tied to the company achieving certain financial milestones.

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Kodak, in bankruptcy, seeks bonuses to keep executives - USA Today

07/12/12

If the bankruptcy case winds up with creditors getting 10 cents or ... Perez, for example, was eligible for as much as $8.6 million in cash in 2010, including $7.5 million in bonuses tied to the company achieving certain financial milestones.

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Bills, few options mean bankruptcy for CA city - St. Louis Post-Dispatch

07/12/12

That prompted elected officials in the city of 210,000 people to make the sudden move of authorizing the city attorney to seek federal bankruptcy protection, becoming the third California city poised to do so in less than two weeks. "The city needs ...

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National Service Industries in Bankruptcy, Will Liquidate - Bloomberg

07/12/12

The company listed assets of less than $500,000 and debt of as much as $100 million in Chapter 7 documents filed today in U.S. Bankruptcy Court in Wilmington, Delaware. Chapter 7 proceedings let companies liquidate their assets while being ...

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Kodak, in bankruptcy, seeks bonuses to keep executives - USA Today

07/12/12

If the bankruptcy case winds up with creditors getting 10 cents or ... Perez, for example, was eligible for as much as $8.6 million in cash in 2010, including $7.5 million in bonuses tied to the company achieving certain financial milestones.

[more]

Bankruptcy judge approves Colonial Country Club reorganization, sale - nola.com

07/11/12

The financially-beleaguered country club closed its doors and then filed for Chapter 11 bankruptcy protection in February, one day before the property was to be auctioned off at a Sheriff's sale. The club had received a $4.7 million loan in 2007 ...

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San Bernardino bankruptcy: Pension debt still a problem for cities - Los Angeles Times

07/11/12

San Bernardino's bankruptcy vote is just another grim reminder that local ... New contracts with three of the city's four largest unions closed a $15.7-million hole in the budget that started July 1, Shirey said. But its police union has been ...

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Bankruptcy fraud lands construction company owner in jail - The Business Journal

07/11/12

“This was an egregious abuse of the bankruptcy system,” David Ketchmark, acting U.S. Attorney for the Western District of Missouri, said in a release. “Chapter 7 bankruptcy is designed to give debtors a fresh start and to give creditors an ...

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Why Bankruptcy’s a Possibility for RIM, Technology Report by Leading Financial Newsletter Profit Confidential - Houston Chronicle

07/11/12

In the article “Bankruptcy Now a Possibility for RIM,” Cekerevac says ... Cekerevac notes that RIM’s shipment of phones for the quarter was only 7.8 million, as compared to 13.2 million BlackBerrys shipped during last year’s quarter, a drop of ...

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