News

UPDATE 1-San Bernardino, Calif., postpones fiscal emergency decision - Reuters

07/17/12

San Bernardino's revenue from sales taxes have also dropped and its overall revenue ... San Bernardino is the third city in the most populous U.S. state to seek bankruptcy protection in the last two months after Stockton and the ski resort ...

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San Bernardino bankruptcy vote postponed - Los Angeles Times

07/17/12

The San Bernardino City Council postponed a vote Monday to declare a fiscal emergency, which would allow the city to move forward with filing for Chapter 9 bankruptcy protection without going through months of state-mandated mediation.

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Rare Discharge Is Granted in Case of Student Loan Debt - Law.com

07/17/12

A bankruptcy judge in Buffalo has wiped out the $56,299 debt of a woman who borrowed $16,900 25 years ago for an education she never completed. Judge Michael Kaplan granted the relatively rare discharge in a student loan case after finding the ...

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San Bernardino bankruptcy vote postponed - Los Angeles Times

07/16/12

The San Bernardino City Council postponed a vote Monday to declare a fiscal emergency, which would allow the city to move forward with filing for Chapter 9 bankruptcy protection without going through months of state-mandated mediation.

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U.S. machinists union opposes Hawker's China sale - Reuters India

07/16/12

The proposed sale "has broad implications for the U.S. economy and ... of various agencies as well as a competitive auction process overseen by the bankruptcy court.

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UPDATE 1-U.S. machinists union opposes Hawker's China sale - Reuters

07/16/12

The proposed sale "has broad implications for the U.S. economy and ... of various agencies as well as a competitive auction process overseen by the bankruptcy court.

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Bankruptcy Exemptions in New Jersey - jdsupra.com

07/16/12

In fact, you can generally keep your home, even if there is equity in it (up to a certain amount). In the initial bankruptcy filings, the debtor claims exemptions on Schedule C. It is essential that the debtor fully complete the information requested for ...

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Could Bakersfield be next in filing for bankruptcy? - msnbc.com

07/16/12

First Stockton, then Mammoth Lakes and next San Bernardino.. all three California cities filed for bankruptcy this year. And, many economists believe more cities will follow their lead. So where does Bakersfield stand? City Manager Alan Tandy says ...

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Money Woes Nag at a Penal Company Tied to Christie - New York Times

07/16/12

A company that plays a critical role in New Jersey’s corrections system, running halfway houses as large as prisons, has had such severe financial difficulties over the last four years that it contemplated filing for bankruptcy in 2010 ...

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Union files objection to Hawker Beechcraft deal - AP - msnbc.com

07/16/12

Hawker Beechcraft efforts to enter into exclusive talks with a Chinese firm for the $1.79 billion sale of its civilian aircraft operations ran into opposition Monday in bankruptcy court from its machinists union amid fears about the deal's impact on ...

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