News

American Seeks Court Order to Modify Retiree Benefits - Tulsa World

07/07/12

The lawsuit was filed in U.S. Bankruptcy Court in Manhattan, N.Y., as part of the bankruptcy case. "The restructuring process is difficult for everyone affected, and we understand any changes to these benefits are concerning to our retirees ...

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American Seeks Court Order to Modify Retiree Benefits - Tulsa World

07/07/12

The lawsuit was filed in U.S. Bankruptcy Court in Manhattan, N.Y., as part of the bankruptcy case. "The restructuring process is difficult for everyone affected, and we understand any changes to these benefits are concerning to our retirees ...

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Day one in court for Stockton's bankruptcy case - Record

07/07/12

SACRAMENTO - A federal judge took control of Stockton's bankruptcy Friday, telling a courtroom packed with attorneys that they ultimately will resolve the case, not him. U.S. Bankruptcy Judge Christopher Klein urged Stockton and a long list of ...

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Burden of proof weighs heavy on Stockton's case - Record

07/07/12

STOCKTON - City attorneys at today's initial court hearing of Stockton's bankruptcy case will begin mounting their argument in front of a Sacramento federal judge: That the city did everything possible to avoid seeking Chapter 9 protection.

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Stockton's historic bankruptcy proceedings get under way - Sacramento Bee

07/07/12

Stockton's historic bankruptcy case began Friday with a Freudian slip, as the city's lawyer introduced himself in court as representing "the city of Vallejo." Attorney Marc A. Levinson caught himself, threw his arms up and started over.

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Bankruptcy filings fall 14% and are on track for pre-2008 levels - Chicago Tribune

07/07/12

Tepid consumer spending has an upside: Bankruptcy filings in the U.S. are down 14% in the first half of the year, helped along by record-low interest rates and a new culture of belt-tightening. From Jan. 1 to June 30, there were 632,130 new ...

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Power plant parent Dynegy says it filed for bankruptcy - Times Herald-Record

07/07/12

Dynegy's coal and natural gas-fired power plants are owned by separate subsidiaries that aren't part of the bankruptcy filing. "They will continue to operate their businesses in the ordinary course," the company said. Friday's filing in U.S ...

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Lawuit against co-founder of Rinks at Exeter dropped - Seacoast Online

07/07/12

Rockingham Superior Court issued a notice of bankruptcy stay in the case. "The court has been advised that Rick (Frederick) V. McMenimen III has/have filed a petition with the Federal Bankruptcy Court and has/have sought the protection afforded ...

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Mammoth going to bankruptcy court - Inyo Register

07/07/12

In Sacramento, the bankruptcy court can accept the Town’s argument and set out a payment schedule, or decline to settle the case. Opening presentations were to be made next week. Wilbrecht said the Town would present a mountain of evidence to sway the ...

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Better Business: Before seeking bankruptcy, understand your options - Memphis Commercial Appeal

07/07/12

Depending on the type of bankruptcy and property involved, creditors may resume these actions after the bankruptcy case is finished. In particular, the stay is only temporary for secured creditors, such as those who hold your mortgage or car note.

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