News

Deroy Murdock: Obama's green projects bleeding red - Orange County Register

07/19/12

On July 2, Abound Solar filed for Chapter 7 liquidation and prepared to lock shop and fire ... Solar Trust missed DOE's benchmarks, however, and announced Chapter 11 bankruptcy last April 2. Energy Conversion Devices, a solar-laminate supplier ...

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San Bernardino may need at least one year to emerge from bankruptcy - Inland Valley Daily Bulletin

07/19/12

Catch up: Read more about San Bernardino's financial crisis. SAN BERNARDINO -- City officials now have 30 days to prepare a bankruptcy filing after Wednesday night's City Council vote to seek protection from its creditors. The city's filing will ...

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California Bankruptcies Show Willingness Waning, Moody’s Says - Bloomberg

07/19/12

“Even a slight increase in bankruptcy filings would mark a significant departure from the historical pattern.” To contact the reporter on this story: Brian Chappatta in New York at [email protected] To contact the editor responsible ...

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Q2 Bankruptcies up 6.5 Percent - The Daily News

07/19/12

Bankruptcy filings in West Tennessee increased overall in the second quarter of 2012, although Chapter 7 bankruptcies, filed by the most hard-pressed debtors, fell slightly, according to The Daily News Online, www.memphisdailynews.com.

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Cessna parent remains interested in Hawker Beechcraft -- for the right price [The Wichita Eagle, Kan.] - Businessweek

07/19/12

Hawker Beechcraft, which is in Chapter 11 bankruptcy, has entered an exclusivity agreement with Superior Aviation Beijing to explore the sale of the company, except for the defense business, for $1.79?billion. But the bid process isn't closed ...

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Eastern Wisconsin bankruptcy filings increase in 2Q - The Business Journal

07/19/12

New bankruptcy filings in eastern Wisconsin slightly increased in the second quarter, reversing two years of declines from the recessionary peak of 2010. The increase was 0.8 percent, to 5,902 new filings, compared with 5,855 filings in the ...

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Bob King: Obama made the right call on the auto bailout (commentary) - Detroit Free Press

07/19/12

"The sale transaction is the only alternative to liquidation available to the debtors." Another oft-repeated criticism is the claim that bankrupt Chrysler's secured creditors got less than they were entitled to under the bankruptcy code.

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Fewer Wisconsinites filing for bankruptcy, down 4.7% for first half of year - wtaq.com

07/19/12

UNDATED, WI (WTAQ) - The numbers of Wisconsinites filing for bankruptcy keep going down. Federal court officials said just over 14,000 state residents filed for bankruptcy in the first six months of this year. That’s down 4.7% from the same ...

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Compton on brink of bankruptcy - Los Angeles Times

07/19/12

The situation is similar in other beleaguered cities, including San Bernardino, which voted last week to authorize a bankruptcy filing. Many of those cities relied on restricted funds to balance their books, obscuring their financial troubles.

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