News

Miami, OK, make of plastic gas cans will close July 31 - Daily Oklahoman

07/24/12

MIAMI, OK — Frivolous litigation was the spark that ignited a series of lawsuits that is causing an Ottawa County gas can maker to close, said Rocky Flick, CEO of Blitz U.S.A. Blitz U.S.A./F3 Brands in Miami filed for Chapter 11 bankruptcy Nov. 9.

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San Bernardino bankruptcy reignites debate over outsourcing city police and fire services - San Jose Mercury News

07/24/12

Waters, who is also a captain at the Police Department, said the city is more focused now on its bankruptcy filing and meeting its August payroll. Any recommendations in Simpson's and Miller's report will be considered at a later time.

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Hawker Beechcraft execs seek $5M amid bankruptcy - San Francisco Gate

07/23/12

The U.S. Trustee Program is a division of the Justice Department whose mission is to oversee bankruptcy cases and maintain their integrity. A bankruptcy court hearing is scheduled for Thursday. The International Association of Machinists and Aerospace ...

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Hawker Beechcraft execs seek $5M amid bankruptcy - YAHOO!

07/23/12

The U.S. Trustee Program is a division of the Justice Department whose mission is to oversee bankruptcy cases and maintain their integrity. A bankruptcy court hearing is scheduled for Thursday. The International Association of Machinists and Aerospace ...

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Cash-strapped El Monte seeks tax on sugary drinks - Los Angeles Times

07/23/12

El Monte officials said they are not at the edge of bankruptcy but need tax revenue from sugary drinks ... had provided a steady stream of tax revenue struggled. Several folded. Sales tax revenue has fallen off sharply since, forcing El Monte to reduce ...

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Hawker Beechcraft Execs Seek $5M Amid Bankruptcy - ABC News

07/23/12

The Kansas-based airplane maker hasn't shown that its proposed bonus plan is not a "disguised retention plan," U.S. Trustee Tracy Hope Davis argued in documents filed in bankruptcy court in New York. Bonus plans are allowed but must do more than ...

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San Bernardino may look to outsourcing, merging departments due to bankruptcy - San Jose Mercury News

07/23/12

With the city facing a $45 million budget deficit and a bankruptcy filing in the space of about one month, a Finance Department document from late June holds open the possibility of joining forces with the state or neighboring cities to preserve ...

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Hawker Beechcraft execs seek $5M amid bankruptcy - Associated Press

07/23/12

WICHITA, Kan. (AP) — Hawker Beechcraft wants to pay eight senior executives more than $5.3 million in bonuses as it tries to emerge from bankruptcy, but the request was challenged Monday by the Justice Department's bankruptcy watchdog agency ...

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Hawker Beechcraft execs seek $5M amid bankruptcy - Albany Democrat-Herald

07/23/12

Hawker Beechcraft wants to pay eight senior executives more than $5.3 million in bonuses as it tries to emerge from bankruptcy, but the request was challenged Monday by the Justice Department's bankruptcy watchdog agency and mocked by the company's machinist union.

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Peregrine Judge Gives Bankruptcy Trustee Role-Clarifying Order - Businessweek

07/23/12

Argument on that request is scheduled for July 24. The Peregrine bankruptcy case is Peregrine Financial Group Inc., 12-27488, U.S. Bankruptcy Court, Northern District of Illinois (Chicago). The CFTC regulatory case is U.S. Commodity Futures ...

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