Alabama’s top court ruled that the state’s struggling cities and counties have the power to file for Chapter 9 bankruptcy protection, a decision that largely frees the state’s most populous metropolitan area to move ahead with its five-month-old bankruptcy case. Read the Daily Bankruptcy Review article here.
Torm could face bankruptcy if the deal collapsed ... Shares in Torm, which plunged 90 percent last year, were down 3.7 percent at 1318 GMT, underperforming a 1.5 percent decline in Denmark's bluechip index. (Additional reporting by Teis Jensen ...
And the losses keep piling up — another $1.7 billion in the first three months of 2012, although most of it was for bankruptcy-reorganization costs. "We're going through a major restructuring of labor relations in the airline industry," says Gary Chaison ...
In November, the county filed the largest government bankruptcy case in U.S. history and is fast spending its cash reserves. The Alabama Supreme Court killed an occupational tax that generated about $66 million a year for the county, sending its ...
Central Florida individuals and businesses that have filed for liquidation under Chapter 7 of the U.S. Bankruptcy Code include: Beach Sportcycles Inc., 1127 King St., Cocoa. Filed: April 13. Assets: $118,290. Liabilities: $754,046. Major ...
That's liquidate not liquefy.. Remember chapter 7 bankruptcy is a liquidationprocess and if you own a beloved family poodle, you should first obtain a good estimate of what his/her fair market value is. I know it sounds harsh. You don't ever think of ...
Dynegy Holdings LLC and four of its subsidiaries filed for bankruptcy protection on Nov. 7, with a plan to restructure $4 billion in debt. Dynegy CEO Robert Flexon said the settlement could end legal disputes that might have dragged on for years.
It'll either catapult a combined company to the top of the airline heap or further complicate American's already-messy bankruptcy reorganization. US Airways made an end run around its larger rival and secured the support of American's three labor unions in ...
Tucson's Nimbus Brewing Co. has filed for Chapter 11 bankruptcy reorganization. The owner of the brewery, Jim Counts, also filed for personal bankruptcy. Counts expects a successful reorganization. In its bankruptcy filing, the company reported total debts ...
If you're in debt and considering bankruptcy, you have rights. Don't let creditors interfere with your life -- follow the example of a debtor in one recent Florida bankruptcy case and fight back. April 21, 2012 /24-7PressRelease/-- Did you know that in ...
