News

Analysis: Bankruptcy no quick fix for weak local governments - Reuters

06/27/12

The economic and social fallout will last for years. After the Chapter 9 bankruptcy filing, Stockton will find it hard - if not impossible - to tap America's $3.7 trillion municipal bond market. Although Stockton is poised to make history as the ...

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Analysis: Bankruptcy no quick fix for weak local governments - msnbc.com

06/27/12

Stockton, just 85 miles east of San Francisco, is on the verge of bankruptcy after its housing boom went bust. Officials of this city of nearly 300,000 people say the court filing for Chapter 9 bankruptcy is likely by Friday afternoon.

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Ex-UGA coach reaches proposed deal in bankruptcy - San Jose Mercury News

06/27/12

Unable to keep pace with the promised payouts, GLC filed for bankruptcy protection in 2011, and Donnan soon did likewise. In court filings, GLC's owners accused Donnan of playing an active role in the creation and maintenance of the Ponzi scheme ...

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Plea deal entered in Dykstra bankruptcy fraud case - USA Today

06/27/12

Prosecutors said that after filing for bankruptcy, Dykstra hid, sold or destroyed more than $400,000 worth of items without permission of a bankruptcy trustee. Dykstra is currently serving a three-year prison sentence after pleading no contest ...

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Lenny Dykstra takes plea deal on bankruptcy fraud charges - Los Angeles Times

06/27/12

On Tuesday, federal prosecutors in Los Angeles entered under seal a plea agreement with Dykstra in connection with his embezzlement from the bankruptcy estate case. Thom Mrozek, a spokesman for the U.S. attorney's office, said the filing is ...

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Stockton bankruptcy puts legal limits to test - USA Today

06/27/12

The bankruptcy of Stockton, Calif., could be the crucial test case that determines whether local governments can use the federal courts to shed burdensome retirement benefits in a way that corporations often do. The struggling city of 291,000 ...

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Analysis: Bankruptcy no quick fix for weak local U.S. governments - Reuters UK

06/27/12

Stockton, just 85 miles (135 km) east of San Francisco, is on the verge of bankruptcy after its housing boom went bust. Officials of this city of nearly 300,000 people say the court filing for Chapter 9 bankruptcy is likely by Friday afternoon.

[more]

Analysis: Bankruptcy no quick fix for weak local U.S. governments - Reuters UK

06/27/12

The economic and social fallout will last for years. After the Chapter 9 bankruptcy filing, Stockton will find it hard - if not impossible - to tap America's $3.7 trillion municipal bond market. Although Stockton is poised to make history as the ...

[more]

Cordillera Club files bankruptcy - Vail Daily News

06/27/12

Editor's note: This bankruptcy and litigation only involves the Club at Cordillera and has nothing to do with the Lodge and Spa at Cordillera, which is a separate entity and remains open for business. EDWARDS — Cordillera's owners filed ...

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Ex-Met Lenny Dykstra Reaches Plea Deal in Bankruptcy Fraud Case - San Francisco Gate

06/27/12

June 27 (Bloomberg) -- Lenny Dykstra, the ex-New York Mets outfielder accused of looting his $18 million mansion of valuables after he filed for bankruptcy, has reached a plea agreement with prosecutors. A sealed plea agreement was filed yesterday in ...

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