News

Tribune creditors appeal bankruptcy plan approval - Reuters India

07/24/12

The appeals were filed with the U.S. Bankruptcy Court in Wilmington ... in the range of reasonableness," and ignores the strength of claims it still has in litigation over the $8.2 billion buyout. A second appeal was filed by bond trustees ...

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Tribune creditors appeal bankruptcy plan approval - Reuters UK

07/24/12

The appeals were filed with the U.S. Bankruptcy Court in Wilmington ... in the range of reasonableness," and ignores the strength of claims it still has in litigation over the $8.2 billion buyout. A second appeal was filed by bond trustees ...

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Can bankruptcy solve student debt woes? - MSN Money

07/24/12

A federal agency is asking Congress to consider letting people wipe out some of their student debt by filing for bankruptcy protection. Consumer advocates, however, say the move will do little to help the vast majority of families struggling with college loans.

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UPDATE: Judge shifts RoomStore bankruptcy to Chapter 7 liquidation - Furniture Today

07/24/12

A U.S. Bankruptcy Court judge here has agreed to convert the Chapter ... The ruling by Judge Douglas Tice means a trustee will soon be appointed to oversee the sale of the company's remaining assets - primarily its 65% stake in bedding retailer Mattress ...

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CANADA STOCKS-TSX dips as Europe woes offset Rogers earnings - Reuters

07/24/12

The biggest decliners included Canadian Natural Resources , down 3.7 percent to C$27.72, Suncor Energy, which slid 1.5 percent to C$29.85, Cenovus Energy, off 2.2 percent at C$32.53, and Encana Corp, down 3.4 percent at C$20.80. "You had many of ...

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Tribune Creditors Appeal, Seek to Halt Bankruptcy Plan - Bloomberg

07/24/12

Under the reorganization plan, the lenders who funded the 2007 buyout will own Tribune after it exits bankruptcy. Tribune, based in Chicago, owes creditors about $13 billion. The company is valued at more than $7 billion, Tribune said in court papers.

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Apple Fights Kodak in Bankruptcy Court Over Patents - Bloomberg

07/24/12

A ruling for Kodak would bolster the Rochester, New York-based company as it seeks to reinvent itself and raise money after filing for bankruptcy earlier this year. Kodak is planning an auction next month for about 1,100 patents. Apple waited ...

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Apple Fights Kodak in Bankruptcy Court Over Patents - Bloomberg

07/24/12

The hearing in bankruptcy court comes after Kodak lost a patent case against Apple and Research in Motion Ltd. The U.S. International Trade Commission on July 20 upheld a judge’s findings that neither Apple nor RIM violated Kodak’s rights in ...

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Breast Cancer Support Group to Liquidate - Wall Street Journal

07/24/12

That step still wasn’t enough for Y-Me, which reported $500,000 to $1 million in debts versus $100,000 to $500,000 in assets in its bankruptcy petition. In Y-Me’s Chapter 7 case, a trustee will oversee the liquidation of its assets and come ...

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ResCap Spars With Creditors Over Mortgage Settlement Deadline - FOXBusiness

07/24/12

Looming bond payments and mounting litigation over soured mortgage securities prompted ResCap to file for Chapter 11 bankruptcy on May 14 in a move intended to help Ally sever itself from legal exposure. (Dow Jones Daily Bankruptcy Review covers ...

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