News

Horton: Bankruptcy case likely will extend into 2013 - Dallas Morning News (blog)

08/01/12

We talked Wednesday morning to AMR and American Airlines chairman, president and chief executive officer Tom Horton. Here’s a snippet of our Q&A: Dallas Morning News: You expressed a hope to finish the bankruptcy up by the end of 2012. You’ve received ...

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Armand's Chicago Pizzeria files for Ch. 7 bankruptcy - The Business Journal

08/01/12

D.C.-based Armand's Chicago Pizzeria Inc. has filed a voluntary petition for Chapter 7 bankruptcy liquidation, according to court documents. The filing was made July 23 in the U.S. Bankruptcy Court of the District of Columbia. The petition said ...

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Bankruptcy filings fall in July - MySanAntonio

08/01/12

Bankruptcy filings in South Central Texas fell in July compared with the same period a year ago. Overall, there were 321 bankruptcy filings last month, an almost 10 percent drop from the 352 filed in July 2011. There were 318 cases filed in June, the U.S ...

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Ally Financial reports $898M 2Q loss due to ResCap - CBS News

08/01/12

Ally took a $1.2 billion charge related to the Chapter 11 filing in May of Residential Capital, with its portfolio full of weak subprime mortgages. The second-quarter loss compared with a profit of $113 million for the same period of 2011. The company ...

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Ally Posts Second-Quarter Loss on ResCap Bankruptcy Case - Bloomberg

08/01/12

Ally Financial Inc. (ALLY), the U.S.- controlled lender whose mortgage subsidiary went bankrupt, posted a second-quarter loss on costs tied to the court filing. The loss of $898 million compares with profit of $113 million a year earlier, Ally ...

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The Daily Docket: Investors Blast Ahern CEO - Wall Street Journal

08/01/12

Ahern Rentals Inc.’s bid to retain control of its bankruptcy case has triggered protests from noteholders who blame the company’s chief executive for stalling its reorganization and who accuse him of twisting the process for his own benefit.

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UPDATE 1-Ally Financial posts loss on bankruptcy-related charge - Reuters

08/01/12

Aug 1 (Reuters) - Ally Financial Inc, the auto lender 74 percent-owned by the U.S. Treasury, reported a second-quarter loss as it took a charge of $1.2 billion related to the bankruptcy filing by its mortgage subsidiary. The Detroit-based lender ...

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