Liquidation

Rothschild director takes stand in American Airlines bankruptcy hearing - Dallas Morning News (blog)

04/25/12

In particular, he cited American's March 7 decision to freeze pensions for most employees ... interrupted shortly after 10 a.m. by another hearing in the American Airlines bankruptcy. We'll update as justified when Resnick retakes the stand.

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CAW Calls on Government to Reform Bankruptcy Legislation for Equitable Treatment of Former Nortel Employees - Yahoo Finance

04/25/12

Three years after first entering bankruptcy protection, almost all of Nortel's assets have been sold to international bidders and the proceeds, almost $7 billion, are sitting in a trust account awaiting some sort of plan to distribute them to ...

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Mob minion gets 7 years - Boston Herald

04/25/12

“He’s making the best of the situation he’s facing.” Bufalino’s wife filed for bankruptcy protection in February. Her case was dismissed last month when she disobeyed a judge’s order to disclose her financial affairs.

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UPDATE 1-W. R. Grace 1st-qtr profit beats Street - Reuters

04/25/12

April 25 (Reuters) - W.R. Grace & Co posted a first-quarter profit that topped analysts' estimates helped by higher pricing of its products, but the chemicals maker said it expects to incur operating losses upon its emergence from bankruptcy.

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Ulster tries to ensure tax payment from Western Mohegan Tribe - Times Herald-Record

04/25/12

A hearing on dismissing the bankruptcy and the tribe's sale proposal is set for Wednesday. An April 7 brush fire destroyed 44 hotel buildings and cottages. Police have charged Lance Muckenhaupt with arson, a felony, in the blaze. Muckenhaupt had ...

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Bankruptcy numbers decrease during first quarter of 2012 - Las Vegas Review Journal

04/25/12

But Chapter 7 liquidations and Chapter 11 reorganizations for both companies and people with high debt loads declined as well. Because the desire to save a home often drives individuals to bankruptcy as a last resort, attorneys have said that the bank ...

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Group urges S'pore to lift opposition travel ban - Arizona Daily Star

04/25/12

Chee has been banned from traveling outside Singapore since he declared bankruptcy in 2006 when a court ordered him to pay heavy fines for defaming former prime ministers Lee Kuan Yew and Goh Chok Tong. The government's bankruptcy office said in a letter ...

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West Australian MP's son Luke Woollard declares bankruptcy over claim - News.com.au

04/24/12

THE son of a West Australian MP is declaring bankruptcy, saying he cannot afford to pay $230,000 ... pylon near Perth's Canning Bridge in the early hours of November 7, 2007. Mr Woollard was ferrying people, including Ms Campbell, after a day and night ...

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KLN has new deadline - MySanAntonio

04/24/12

If nothing materializes, however, it's possible the bankruptcy case could be converted to a Chapter 7 liquidation. In the meantime, KLN can continue to use its cash to fund operations until at least May 30 under the deal with the bank. “I'm hopeful ...

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US bankruptcy trustee objects to Kodak bonus plan - St. Louis Post-Dispatch

04/24/12

The U.S. trustee has objected to Kodak's plan to pay $13.5 million in bonuses to persuade certain employees to stay with the company as it reorganizes under bankruptcy protection. The trustee is an arm of the Justice Department charged with monitoring ...

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