News

City of San Bernardino, California, to vote on filing for bankruptcy - CNN

07/18/12

Los Angeles (CNN)-- The City Council of San Bernardino, California, is scheduled to vote late Wednesday on a resolution formally authorizing the filing of bankruptcy. The council, scheduled to meet at 5 p.m. (8 p.m. ET), is to consider first ...

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Dewey & Leboeuf Bonus, Retention Plan Faulted by Trustee - Bloomberg

07/18/12

Dewey & LeBoeuf LLP’s bonus and retention plan was faulted by the U.S. Trustee’s office, which oversees bankruptcy cases. To contact the reporter on this story: Linda Sandler in New York at [email protected] To contact the editor ...

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California city to vote on bankruptcy - ClickOnDetroit.com

07/18/12

The City Council of San Bernardino, California, is scheduled to vote late Wednesday on a resolution formally authorizing the filing of bankruptcy. The council, scheduled to meet at 5 p.m. (8 p.m. ET), is to consider first another resolution ...

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ResCap eyes up to $17.8 million bankruptcy bonuses, payouts - Reuters

07/18/12

Ally on Wednesday said it will have paid the U.S. Treasury about $5.7 billion since February 2009, including the $134 million dividend payment. Taxpayers own about 74 percent of Ally, which did not file for bankruptcy. Ally put ResCap into ...

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UPDATE 1-ResCap eyes up to $17.8 mln bankruptcy bonuses, payouts - Reuters

07/18/12

Ally on Wednesday said it will have paid the U.S. Treasury about $5.7 billion since February 2009, including the $134 million dividend payment. Taxpayers own about 74 percent of Ally, which did not file for bankruptcy. Ally put ResCap into ...

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ResCap eyes up to $17.8 million bankruptcy bonuses, payouts - Reuters UK

07/18/12

encourage executives to assist in restructuring and sale duties, and insure that employees with "irreplaceable knowledge" do not leave. It is common for companies in bankruptcy to seek permission for incentive payouts to key employees.

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Tuscaloosa bar shooting suspect Wilkins was fired after fistfight, court records detail other troubles - Everything Alabama Blog

07/18/12

In a bankruptcy filing on July 20, 2011, Wilkins listed his job as a supervisor for Capstone Oilfield Services for six years. A final evidentiary hearing to consider motions was set to be held Aug. 2 in U.S. Bankruptcy Court in Tuscaloosa ...

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City of Compton may declare bankruptcy by September: officials - YAHOO!

07/18/12

(Reuters) - The City of Compton, a city of 93,000 people located on the outskirts of Los Angeles, must decide by September 1 whether to seek bankruptcy, according to its two most senior financial officials. Such a move would see it join a growing number of ...

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Islands Hit With Bill for Failed Pension Fund Bankruptcy - Wall Street Journal

07/18/12

Filing for bankruptcy could have enabled the fund’s administrators to cut pension payments that would have otherwise been banned by the government. Outside of bankruptcy, the island’s government could take over the fund and let it continue ...

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Another California city discusses possible bankruptcy - Sacramento Bee

07/18/12

LOS ANGELES -- Officials in the financially struggling city of Compton, Calif., have begun publicly discussing the possibility of filing for bankruptcy, following on the heels of three other California cities: Stockton, Mammoth Lakes and San Bernardino.

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