News

Bankruptcy Offers Help for Small Business Owners - 24-7PressRelease.com

07/14/12

This could mean the end of the business if the LLC or corporation has significant debt, or vendors and suppliers vital to the business are listed.The personal bankruptcy filing helps the small business owner by protecting personal assets such as a home and ...

[more]

Lenny Dykstra pleads guilty to bankruptcy fraud - Baltimore Sun

07/14/12

home furnishings and other property from his bankruptcy case. The 49-year-old former ballplayer, who is already serving time in state prison for grand theft auto, lewd conduct and assault with a deadly weapon, faces a maximum sentence of 20 ...

[more]

Bankruptcy Offers Help for Small Business Owners - Newsblaze.com

07/14/12

To protect their assets and their families, many business owners find relief in troubled financial times by filing Chapter 7 small business bankruptcies. Advantages of Small Business Bankruptcy Small business bankruptcies have several features ...

[more]

American rebukes US Airways for bankruptcy 'publicity stunt' - USA Today

07/14/12

Regardless, US Airways wasted little time in availing itself of its newfound "creditor" status. Thursday, the carrier made a filing with the bankruptcy court saying it approved of AMR's request to extend its period of exclusivity for filing a plan of reorganization.

[more]

Tribune Co.'s focus turns to TV licenses, FCC approval - Chicago Tribune

07/14/12

Formal approval is expected soon. The next step for the new owners in getting the company out of Chapter 11 will be in Washington, where they must convince the Federal Communications Commission to transfer the Chicago-based company's TV licenses to them.

[more]

Bankruptcy judge will OK new ownership for Tribune Co. - Chicago Tribune

07/14/12

After more than 31/2 years of bitter legal conflict, the judge inTribune Co.'s bankruptcy case said Friday that he will approve a plan to transfer ownership of the Chicago-based media company to a group of hedge funds and banks based in New York ...

[more]

Baseball great Lenny Dykstra pleads guilty to federal bankruptcy fraud - CNN

07/14/12

In his bankruptcy filing, Dykstra listed assets of $24.6 million and overall debts of $37.1 million. Among the assets listed were two residences: a Ventura County mansion in Lake Sherwood Estates he had purchased from celebrity couple Janet and ...

[more]

Tribune finally wins court nod to exit bankruptcy - Chicago Tribune

07/13/12

The company has during its bankruptcy revamped management and sold the Chicago Cubs baseball team. Asset sales are expected to continue after the bankruptcy ends. Among those whose objections to the plan were overruled by Carey were the hedge ...

[more]

Bankruptcy judge will OK new ownership for Tribune Co. - Fox40

07/13/12

The explosion of litigation in the Tribune Co. case has led many to criticize a bankruptcy system that has become increasingly dominated by distressed-debt investment funds that purchase a bankrupt company's debt on the cheap and then fight it ...

[more]

Bankruptcy judge will OK new ownership for Tribune Co. - Orlando Sentinel

07/13/12

After more than 31/2 years of bitter legal conflict, the judge in Tribune Co.'s bankruptcy case said Friday that he will approve a plan to transfer ownership of the Chicago-based media company to a group of hedge funds and banks based in New ...

[more]