Liquidation

Abound Solar files to liquidate in bankruptcy - Reuters

07/02/12

Abound Solar, which filed for a Chapter 7 liquidation in U.S. Bankruptcy Court in Delaware, had said last week that it planned to shut down and would lay off 125 employees. The Loveland, Colorado-based maker of thin-film panels said it had taken ...

[more]

PA lawmakers again deny bankruptcy option for state's capital - YAHOO!

07/02/12

were thwarted by state legislators over the weekend who extended the bankruptcy filing ban until November 30. "The legislature made a decision," Governor Tom Corbett told reporters late on Saturday after signing the bill and Pennsylvania's new $27.7 ...

[more]

The Daily Docket: Lehman Sells Aurora Bank

07/02/12

Lehman Brothers Holdings Inc. said Friday it has sold its Aurora Bank FSB subsidiary, a move that should help funnel some $1.5 billion into the pockets of Lehman’s creditors. Read the Daily Bankruptcy Review article via The Wall Street Journal.

[more]

Bankruptcy Attorney in Riverside Promotes Free Consultations For Residents Hit Hard By The Housing And Job Markets. - YAHOO!

07/02/12

For more information visit http://www.bankruptcyattorneyinriverside.com/ The first step before doing anything is to see whether an individual will be filing will be for a Chapter 7 or a Chapter 13 bankruptcy. Prior to filing a Chapter 7 bankruptcy ...

[more]

Bankruptcy May Help, Not Hurt Credit in the Long Run - 24-7PressRelease.com

07/01/12

Many people falsely believe that bankruptcy ruins credit scores. In fact, bankruptcy can allow consumers to discharge debts and restore good credit in as little as a couple of years. July 01, 2012 /24-7PressRelease/-- Many people believe that filing for ...

[more]

Dewey Proposals to Hire Advisers Assailed by Trustee - Bloomberg

06/30/12

Law firm Dewey & LeBoeuf LLP was assailed by the U.S. trustee who supervises bankruptcies over nine proposals to hire advisers, including the law firm of Togut Segal & Segal LLP, and a six-week budget of $7 million ... in U.S. Bankruptcy Court ...

[more]

Bankruptcy Attorney Corona Searches Still Going Strong on Internet, Bankruptcy … - YAHOO!

06/30/12

It is important to note that filing for bankruptcy is a very serious matter and should not be taken lightly. In order to qualify, one must use the means test; it is used by courts to determine eligibility for Chapter 7 or Chapter 13 bankruptcy. It was ...

[more]

Bankruptcy law related to small business – Get out of debt problems - Small Cap Network

06/30/12

Different types of bankruptcy In a Chapter 7 bankruptcy, your assets get liquidated. In a Chapter 13 bankruptcy, the debtor needs to formulate a suitable plan to pay off the outstanding debts within a time period of three to five years. You pay a certain ...

[more]

Hawaii’s Hoku Corp. running out of cash, considering bankruptcy - The Business Journal

06/29/12

As of May 31, Hoku had cash and cash equivalents of $5.8 million, other current assets of $7.6 million and current liabilities ... plant of Hoku Materials and restructuring in bankruptcy. Hoku is working with Imperial Capital to help it in ...

[more]