News

Feds object to Hawker Beechcraft's bankruptcy bonuses - Tulsa World

07/27/12

The company, which filed for bankruptcy in May, also is seeking an additional $1.9 million in bonuses for 31 other management-level employees. The Justice Department's bankruptcy watchdog agency and the machinists union have filed objections to ...

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Cordillera Golf Club bankruptcy case includes litigation with members - Denver Post

07/27/12

The Cordillera Golf Club bankruptcy case, shifted from Delaware to Colorado last week, is complicated by litigation between owner David Wilhelm and 610 club members that has gone on for more than a year. Wilhelm and his management company filed ...

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Rebuilding Your Credit After Bankruptcy - 24-7PressRelease.com

07/27/12

Though bankruptcy can be the best way to get out from under a mountain of debt, it can wreak havoc on a filer's credit rating. While it does take an average of seven years for a bankruptcy filing to no longer appear on a credit report, many steps can be ...

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Bankruptcy judge OKs sale of Moore, OK, retail center; developer criticizes banks - Daily Oklahoman

07/27/12

MOORE — A bankruptcy judge gave the go-ahead for Inland Real Estate's $38.75 million purchase of the Shops at Moore after a hearing Thursday that left developer Burk Collins with mixed emotions but a clear view of banks: Negative. “Snakes,” he said.

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Electronics/appliance store Vann’s loses credit line; bankruptcy filing possible - Independent Record

07/27/12

The Missoula-based appliance and electronics retailer’s CEO, Jerry McConnell, said the company is now searching hard to find a lender to replace the credit line and help it avoid filing for bankruptcy. In the meantime, operations will continue as usual ...

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Two Hats a Fit for Friendly's Owner - Wall Street Journal

07/27/12

When Friendly's filed for bankruptcy protection last October, the chain put itself up for sale in a last-ditch attempt to avoid liquidation. Normally, that would result in the company's owner losing control of its investment. Not so for Sun ...

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What do bankruptcy and incest have in common? Merchant generation - platts.com

07/26/12

The $1.7 billion merger announced July 22 between NRG Energy and ... In 2006, about six months after emerging from bankruptcy, Mirant CEO Edward Muller launched a hostile takeover bid for NRG. NRG rejected the $8 billion offer as undervalued.

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Raleigh YWCA files for bankruptcy - Abc Local Web

07/26/12

the Board of Directors of the YWCA of the Greater Triangle has authorized the filing today of a Petition for Relief under Chapter 7 of the United States Bankruptcy Code with the United States Bankruptcy Court in Raleigh, North Carolina. The Board has taken ...

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Judge delays decision Hawker Beechcraft bonuses - St. Louis Post-Dispatch

07/26/12

It wasn't immediately clear when he may rule on the larger bonuses. The Wichita, Kan.-based plane maker filed for bankruptcy in May. Machinists Union spokesman Frank Larkin says the case should be about what's best for the company, its employees and ...

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