News

General Maritime to wait until 2014 to go public again - Reuters India

07/13/12

The crude oil and refined petroleum products shipper, which filed for Chapter 11 bankruptcy protection in November after falling victim to tanker oversupply and soaring fuel costs, has now reduced debt, cut jobs and streamlined its cost structure.

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Owner Of First U.S. Medical Marijuana Dispensary Now Broke And Fighting IRS - Forbes

07/13/12

Only already assessed taxes dating from sufficiently old years can be discharged in bankruptcy—meaning that the filing won’t help Shaw get away from the disputed $1.27 million IRS bill for 2008 and 2009. As for the state sales tax ...

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American lashes out at US Airways for 'publicity stunt' - USA Today

07/13/12

FORT WORTH (AP) – US Airways has deepened its involvement in American Airlines' bankruptcy case, but American says it's a publicity stunt. US Airways has been pursuing a merger with American parent AMR Corp. for months, but it gained status in ...

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BANKRUPTCY WEEK AHEAD: Hawker Aims for Exclusive Sale Talks - Wall Street Journal

07/13/12

Hawker Beechcraft Inc. next week will ask a bankruptcy court to let it move forward with talks to sell itself to a Chinese bidder for $1.79 billion. Tuesday, the U.S. Bankruptcy Court in Manhattan will consider allowing Hawker to enter into ...

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Peregrine Bankruptcy Judge Allows Firm to Run Through Sept. 13 - Bloomberg

07/13/12

13, at which time he could seek permission for an extension. There were “numerous transactions in the middle of being executed” when the Chapter 7 bankruptcy petition was filed, trustee lawyer Robert Fishman told the judge today. Key ...

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Tronox, Anadarko Restart Settlement Talks; Trial on Hold - FOXBusiness

07/13/12

Tronox, which makes titanium dioxide, a whitening pigment used in everything from paper to toothpaste, filed for Chapter 11 in early 2009. Anadarko purchased Kerr-McGee for $19 billion after it spun off Tronox. In August 2009, the U.S. filed ...

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Bankruptcy-bound San Bernardino, Calif., under investigation for possible criminal activity - CBS News

07/13/12

The problems stem from weak property and sales tax revenues combined with escalating pension ... a 60-day mediation period required under state law prior to a Chapter 9 bankruptcy filing. In the meantime, city officials are preparing a short ...

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Bankruptcy Attorney Santa Ana Consultations Start At $0 Cost To Local Orange County Residents Offered By Bankruptcy Attorneys Zhou & Chini - YAHOO!

07/13/12

An individual seeking relief can still file a Chapter 13 bankruptcy case. It will require to enter into a payment plan that will be designed to meet the individual's current ability to pay. The law office has been using SEO professional services to relay ...

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AMR fires back at US Airways over court filing - Cleveland Plain Dealer

07/13/12

but it gained status in the bankruptcy case only when it bought $1 million worth of AMR bonds. That rankled the folks at AMR. AMR spokesman Bruce Hicks says US Airways' court filing was "a meaningless ploy to garner publicity." He says US ...

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AMR fires back at US Airways over court filing - AP - msnbc.com

07/13/12

US Airways has deepened its involvement in American Airlines' bankruptcy case, but American says it's a publicity stunt. On Thursday, US Airways told the bankruptcy court that it supported American' request for more time to draft a restructuring plan.

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