Liquidation

Another California city opts for bankruptcy - St. Louis Post-Dispatch

07/11/12

As recently as last month, no city in California had opted for bankruptcy since 2008, and no U.S. city of more than 200,000 people had ever chosen bankruptcy. The past two weeks have changed all that, in a big way, as the fiscal struggles faced by so many ...

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Third Calif. city votes to declare bankruptcy - St. Louis Post-Dispatch

07/11/12

The City Council in San Bernardino voted Tuesday night to seek Chapter 9 bankruptcy protection, making it the third California city in less than two weeks to make the rare move. The Southern California city of about 210,000 people will also become the ...

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Third Calif. city votes to declare bankruptcy - Associated Press

07/11/12

SAN BERNARDINO, Calif. (AP) — The City Council in San Bernardino voted Tuesday night to seek Chapter 9 bankruptcy protection, making it the third California city in less than two weeks to make the rare move. The Southern California city of ...

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San Bernardino votes to declare bankruptcy - Associated Press

07/11/12

SAN BERNARDINO, Calif. (AP) — The Southern California city of San Bernardino has voted to declare bankruptcy. The City Council in the city of 210,000 people decided to seek Chapter 9 protection Tuesday night, making it the third California ...

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Peregrine files for Chapter 7 bankruptcy - Reuters

07/10/12

(Reuters) Peregrine Financial Group Inc, the regulated unit of the brokerage PFGBest, has filed to liquidate under Chapter 7 of the U.S. bankruptcy code, a court filing shows. Tuesday's filing with the U.S. bankruptcy court shows that Peregrine ...

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Former Bankruptcy Trustee Sentenced to 18 Months in Federal Prison for Stealing from Estates - FBI Press Room (press release)

07/10/12

On December 5, 2008, the Lehman Brothers bankruptcy was converted from a Chapter 11 to a Chapter 7 case, and the U.S. Bankruptcy Court for the District of Connecticut appointed Daly trustee of the estate. As trustee, Daly was responsible for closing the ...

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Ocala Funding files bankruptcy, seeks to examine FHFA - Reuters UK

07/10/12

According to a filing by Ocala with the U.S. bankruptcy court in Jacksonville ... Mac and Fannie Mae (FNMA.OB), which the federal government seized on September 7, 2008 amid mounting losses from mortgages and the U.S. housing slump.

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Ocala Funding files bankruptcy, seeks to examine FHFA - Reuters

07/10/12

According to a filing by Ocala with the U.S. bankruptcy court in Jacksonville ... which the federal government seized on September 7, 2008 amid mounting losses from mortgages and the U.S. housing slump. An FHFA spokeswoman declined immediate ...

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Ocala Funding files bankruptcy, seeks to examine FHFA - Reuters

07/10/12

According to a filing by Ocala with the U.S. bankruptcy court in Jacksonville ... which the federal government seized on September 7, 2008 amid mounting losses from mortgages and the U.S. housing slump. An FHFA spokeswoman declined immediate ...

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Patriot Coal Can Borrow Part of Bankruptcy Loan - Bloomberg

07/10/12

They declined 90 percent in the year before yesterday’s bankruptcy filing. The company’s $250 million ... Patriot’s $200 million in 3.25 percent notes due in 2013 traded at 7 cents, according to Trace. Patriot has 12 active mining ...

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