Liquidation

The Daily Docket: Berkshire Offered $1 for ResCap Ahead of Bankruptcy

06/18/12

Residential Capital LLC says Warren Buffett’s Berkshire Hathaway Inc. made an offer to buy all of ResCap’s equity for $1 before the mortgage servicer was put into bankruptcy last month. Read the Daily Bankruptcy Review article here.

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Bankruptcy freezes sale of Lake George hotel - The Business Journal

06/18/12

A last-minute bankruptcy filing halted a foreclosure auction of a 105 ... to soon have a buyer willing to pay a price large enough to cover the hotel's $2.7 million of reported debt. "I believe we will be receiving a purchase contract shortly ...

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China Abandons Role of Global Engine as Wen Tempers Stimulus - Businessweek

06/17/12

Investment is more strategically focused than the efforts that year that helped cushion everyone from Australian iron-ore exporters to General Motors Co., which saw its Chinese sales soar 67 percent as it coped with bankruptcy at home.

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Greek pro-bailout parties secure ruling majority - Reuters

06/17/12

ATHENS (Reuters) - Parties supporting a bailout saving Greece from bankruptcy won a slim parliamentary majority ... showed New Democracy taking 29.7 percent of the vote, with SYRIZA on 26.9. The PASOK Socialists were set to take 12.3 percent ...

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Theft pushes Ore. company to brink of bankruptcy - Daily Astorian

06/17/12

Few firms recoup their losses. Many are forced to fold. The embezzlement pushed Applied Plastics Machining to the brink of bankruptcy. But it didn't crumble and die. Instead, the Southeast Portland manufacturer survived thanks to the sweat and ...

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Schilling taking leave from ESPN after business bankruptcy - CNN Sports Illustrated

06/17/12

He says Schilling is expected to return to the air later this season. Schilling's 38 Studios filed for bankruptcy June 7. Federal and state authorities launched probes into the studios, which received a $75 million loan guarantee deal from the ...

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US Air CEO says merger is American’s best option - Ahwatukee Foothills News

06/17/12

American has lost market share to Delta and United over the past five years, a trend that Parker says won’t be fixed through bankruptcy reorganization. The merged airline would be the market leader across two-thirds of the country, he said at ...

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Chapter 13 Bankruptcy vs. Debt Management Programs - 24-7PressRelease.com

06/17/12

People struggling with debt may also struggle between choosing bankruptcy or a debt management plan. Learn about the benefits and drawbacks of both in the following article. June 17, 2012 /24-7PressRelease/-- Dealing with high interest credit cards ...

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Dracut golf club declares bankruptcy - Boston Herald

06/16/12

The Meadow Creek Golf Club of Dracut has filed for Chapter 7 bankruptcy protection, according to documents filed in the U.S. Bankruptcy Court of Massachusetts yesterday. The 18-hole golf course has listed assets of $127,409 and liabilities of nearly $11.25 ...

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Legal Representation in Phoenix Bankruptcy Available from The Sampair Group - PRLog (free press release)

06/15/12

Patrick Sampair of The Sampair Group assists residents around the Phoenix valley to improve their quality of life with services in chapter 7 and chapter 13 bankruptcy. With a free consultation and a caring and devoted bankruptcy lawyer, The Sampair Group ...

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