News

Compton on brink of bankruptcy - Los Angeles Times

07/19/12

The council did not vote on a proposal to file for bankruptcy Tuesday night and has not scheduled ... the city hired dozens of new workers and had to pay for expenses such as litigation and project cost overruns at the same time revenues were flagging ...

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Judge give Kodak retirees more say in Chapter 11 proceedings - Denver Post

07/19/12

NEW YORK — A judge on Wednesday approved an agreement between Eastman Kodak and a group of its retirees that ensures the group gets the representation it wants in Kodak's bankruptcy case. Judge Allan L. Gropper of U.S. Bankruptcy Court in ...

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San Bernardino Bankruptcy: City Declares Fiscal Emergency - Huffington Post

07/19/12

The debate over bankruptcy in San Bernardino has also raised questions ... Officials say the housing crisis – which walloped property and sales tax revenues – and the loss of state redevelopment funds took a toll on the city's budget.

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Editorial: How can Stanton avoid bankruptcy? - Orange County Register

07/19/12

We still believe that was the right choice. In 1995, county voters turned down a half-cent boost in the sales tax to make up money lost in the previous year's bankruptcy. The rejection polished the county's reputation as a friendly place to do ...

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San Bernardino Bankruptcy: City Declares Fiscal Emergency - Huffington Post

07/19/12

The debate over bankruptcy in San Bernardino has also raised questions ... Officials say the housing crisis – which walloped property and sales tax revenues – and the loss of state redevelopment funds took a toll on the city's budget.

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A long wait for claimants remains in bankruptcy case - Cyprus Mail

07/19/12

NICOSIA district court issued a bankruptcy order this week on a high profile businessman who owes nearly €3.6 million to eight people who over a decade ago agreed to sell their stake in an insurance firm. The Registrar of Companies and ...

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San Bernardino declares fiscal emergency ahead of bankruptcy filing - Los Angeles Times

07/19/12

The San Bernardino City Council on Wednesday declared a fiscal emergency, an acknowledgment that the city is nearly broke and a legal maneuver that will allow leaders to file for bankruptcy protection without going through months of state ...

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UMWA gearing up to deal with Patriot Coal bankruptcy - Evansville Courier-Press

07/19/12

United Mine Workers of America officials met Wednesday with officers of union locals to discuss how the recent bankruptcy filing by Patriot Coal Corp. might affect the company's 2,000 active union miners — including more than 300 at the ...

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Ca. city's fiscal emergency vote speeds bankruptcy - NBCNews.com

07/19/12

The debate over bankruptcy in San Bernardino has also raised questions ... Officials say the housing crisis — which walloped property and sales tax revenues — and the loss of state redevelopment funds took a toll on the city's budget.

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Ca. city's fiscal emergency vote speeds bankruptcy - St. Louis Post-Dispatch

07/19/12

San Bernardino declared a fiscal emergency Wednesday night, allowing the city to avoid a lengthy mediation process and head straight to federal bankruptcy court. The City Council voted 5-2 to declare the emergency and file for Chapter 9 bankruptcy ...

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