News

Barnes wasn't really facing bankruptcy: ex-boss - Philadelphia Daily News

07/02/12

"Bankruptcy was not the reason we filed the petition to move ... Stretton (who faces a contempt finding in relation to the case) asked Judge Stanley Ott, who heard the legal challenge to the move and ruled to allow it, to hold a hearing on Camp's ...

[more]

Vernon Healy Questions Behringer Harvard's Movement of Investors' Money Between Financially Faltering Non-Traded REITs - msnbc.com

07/02/12

Behringer Harvard Opportunity REIT I announced earlier in June that it had opted to place some of its subsidiaries under Chapter 11 bankruptcy protection in the wake of its inability to restructure the debt it has accumulated in the past few years.

[more]

Bankruptcy proceedings against former solicitor adjourned - RTE Online

07/02/12

Bankruptcy proceedings against a former high profile Dublin solicitor and his wife, who owe more than €75 million to Bank of Ireland, have been adjourned by the High Court to October. Brian O'Donnell and his wife, Dr Mary Pat O'Donnell have applied to be ...

[more]

PA lawmakers again deny bankruptcy option for state's capital - msnbc.com

07/02/12

were thwarted by state legislators over the weekend who extended the bankruptcy filing ban until November 30. "The legislature made a decision," Governor Tom Corbett told reporters late on Saturday after signing the bill and Pennsylvania's new $27.7 ...

[more]

PA lawmakers again deny bankruptcy option for state's capital - Reuters

07/02/12

were thwarted by state legislators over the weekend who extended the bankruptcy filing ban until Nov. 30. " The legislature made a decision," Governor Tom Corbett told reporters late on Saturday after signing the bill and Pennsylvania's new $27 ...

[more]

War on pensions moves to new target: those already retired - Chicago Sun-Times

07/02/12

In Stockton’s Chapter 9 bankruptcy filing (after a 90-day state mandated mediation), the city said it will eliminate its contribution to retiree health care, along with suspending interest payments to bondholders and making cuts in union contracts.

[more]

The Daily Docket: Lehman Sells Aurora Bank - Wall Street Journal

07/02/12

For a two-week trial, visit our homepage, scroll to the bottom and click “try for free.”) Reuters reports on the bankruptcy filing of Japanese shipping firm Sanko Steamship, which has more than $2 billion in debt. Micron Technology Inc. will ...

[more]

Airline union efforts threatening jobs, consumers - Big Hollywood

07/02/12

Yet that is exactly what is happening to American Airlines.  The company, currently in Chapter 11 bankruptcy, is on the verge of imploding from within because of an attempted power grab by unions representing pilots, flight attendants and ground workers.

[more]

Micron Agrees To Buy Elpida - Forbes

07/02/12

The deal will end Elpida’s bankruptcy case. In connection with the deal, Micron will also acquire Powerchip Technology’s 24% stake in Rexchip Electronics for about $334 million. Elpida owns a 65% stake in Rexchip. Elpida also owns a 300 mm ...

[more]

Bankruptcy Attorney in Riverside Promotes Free Consultations For Residents Hit Hard By The Housing And Job Markets. - Digital Journal

07/02/12

If that is the case, there are ways to stop a foreclosure; an individual can also stop foreclosure process by filing bankruptcy. By filing a Chapter 13 bankruptcy case a person can catch up on back payments home and bills through the payment plan worked ...

[more]