Liquidation

AMR bankruptcy: Analysts see US Airways merger as American's next step - MENAFN

05/19/12

May 20, 2012 (Tulsa World - McClatchy-Tribune Information Services via COMTEX) -- American Airlines steadfastly resisted filing bankruptcy for a decade before finally succumbing last November. Is a merger the next inevitable step for the fiercely independent airline?

[more]

Wife of Jeremy Mayfield files for bankruptcy - Erie Times-News

05/19/12

The wife of former NASCAR driver Jeremy Mayfield has filed for Chapter 7 bankruptcy, which will allow the couple to stay in their home. The Hickory Daily Record reports that ( http://bit.ly/LnEFvX) Shana Mayfield filed for bankruptcy protection ...

[more]

Jeremy Mayfield's wife files for bankruptcy - The News & Observer

05/19/12

The wife of former NASCAR driver Jeremy Mayfield has filed for Chapter 7 bankruptcy, which will allow the couple to stay in their home. The Hickory Daily Record reports that Shana Mayfield filed for bankruptcy protection in U.S. Bankruptcy Court ...

[more]

Oklahoma investor group buys Dippin' Dots out of bankruptcy for $12.7M - New York Post

05/19/12

OKLAHOMA CITY — A group of investors from Oklahoma City has completed a $12.7 million transaction to buy the Dippin' Dots LLC flash-frozen ice cream company out of bankruptcy. The deal approved Friday will enable company founder Curt Jones to act as ...

[more]

What Is Chapter 7, 11, 13 Bankruptcy Law? - 1UP.COM

05/19/12

Bankruptcy is accessible to debtors who have a large amount of debt that they can not pay. Bankruptcy is a procedure that gives debtors a brand new start. Although bankruptcy law is governed with the Bankruptcy Code, substantive proper rights are governed ...

[more]

Octomom’ bankruptcy case tossed out - NewYorkInjuryNews (press release)

05/18/12

Suleman filed for Chapter 7 bankruptcy protection in April, after the unemployed single mother of 14 had incurred debt to over a reported 20 parties. There is reportedly a pending foreclosure on her current home, which can now proceed following ...

[more]

Jeremy Mayfield's wife files for bankruptcy - Hickory Daily Record

05/18/12

WILKESBORO, N.C.--The wife of former NASCAR driver Jeremy Mayfield recently filed for Chapter 7 bankruptcy, allowing she and her husband to remain in their home. Shana Mayfield filed by herself for bankruptcy protection in U.S. Bankruptcy Court ...

[more]

Watchdog Asks To Stub Pot Grower’s Bankruptcy - Wall Street Journal

05/18/12

U.S. trustee Richard Wieland, who patrols bankruptcy cases for the Justice Department ... Wieland added that shutting down the company under Chapter 7 protection—which would require the court to appoint a liquidator—isn’t an option ...

[more]

The Daily Docket: Funds Seek Bankruptcy For Allied

05/18/12

Hedge funds owed nearly $53 million have moved to push Allied Systems Holdings Inc. into an involuntary bankruptcy case, a remedy for what they claim are improper moves by owner Yucaipa Cos. Read the Daily Bankruptcy Review article here.

[more]

Reno casino in bankruptcy - MENAFN

05/18/12

May 18, 2012 (Las Vegas Sun - McClatchy-Tribune Information Services via COMTEX) -- The Silver Legacy Resort Casino in Reno, half owned by MGM Resorts International, voluntarily filed for Chapter 11 bankruptcy reorganization on Thursday in U.S. Bankruptcy ...

[more]