News

Stockton, Calif., to file for bankruptcy - msnbc.com

06/27/12

Deeper cuts to police payrolls would be intolerable, making a financial restructuring in bankruptcy a necessary if painful choice, according to council members who voted for the budget. The $3.7 trillion U.S. municipal bond market has so far ...

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Stockton to be largest US city to file bankruptcy - MSN Money

06/27/12

"Filing bankruptcy is time-consuming, expensive and complicated," said Spiotto, noting that Vallejo spent millions of dollars alone on attorneys and other bankruptcy professionals. "And you never get the results you desire." That's why experts ...

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Union talks get kick-start as American deadline looms - USA Today

06/27/12

Flight attendants and mechanics at American Airlines said on Tuesday that they're ready to restart contract talks with the carrier, which is restructuring in Chapter 11 bankruptcy protection. The unions' moves come ahead of a Friday deadline in which the ...

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Nine judges selected for Thaksin corruption case - Nation - Thailand

06/27/12

Division of Labour Litigation chief |justice Chaiwat Wiengthiratham, Division of Bankruptcy Litigation chief justice Manupong Rujikanha, Division of Environment Cases chief justice Panwasa Buathong, and Supreme Court chief justice Virapol Tangsuwan.

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American Flag Seller Files for Bankruptcy - Wall Street Journal

06/27/12

... outpaced flag sales with a 10% growth rate, she said. “For us, that’s a good indication that new construction is on the rise and people have increased their discretionary spending,” she told Bankruptcy Beat, adding that she found the ...

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Stockton to Become Largest U.S. City to File for Bankruptcy - Boston Globe

06/27/12

If the Stockton bankruptcy does go through, it will be the largest city bankruptcy filing, beating out Orange County, CA which filed in 1994, and Jefferson County in Alabama — currently the largest local government bankruptcy filing in terms ...

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After vote, California city could become nation's largest to file for bankruptcy - Detroit Free Press

06/27/12

Deis told city council members that filing for Chapter 9 protection is the only option for the city. He asked council members to approve the Pendency Plan, which is a special bankruptcy budget to plug next year's anticipated $26 million deficit ...

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Calif. city votes to file for bankruptcy - USA Today

06/27/12

Deis told city council members that filing for Chapter 9 protection is the only option for the city. He asked council members to approve the Pendency Plan, which is a special bankruptcy budget to plug next year's anticipated $26 million deficit ...

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Stockton, California, to File for Bankruptcy as Talks Fail - San Francisco Gate

06/27/12

Municipal Bonds Stockton’s expected bankruptcy filing won’t create a sell- off in the $3.7 trillion municipal-bond market because investors of tax-exempt debt have known about the city’s budget deficit and rising health-care expenses, Matt Fabian ...

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Intel Is Among Tech Giants Opposing Kodak Technology Sale - Businessweek

06/27/12

The technology companies filed papers on June 25 objecting to key aspects of the proposed sale. The bankruptcy court in Delaware will hold a hearing on July 2 to decide if sale procedures pass muster. The companies object to selling the ...

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