News

Stockton, Calif., the largest U.S. city to seek bankruptcy protection - Washington Times

06/27/12

“Filing bankruptcy is time-consuming, expensive and complicated,” said Mr. Spiotto, noting that Vallejo spent millions of dollars alone on attorneys and other bankruptcy professionals. “And you never get the results you desire.” Others ...

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GCG Promotes Angela Ferrante to Vice President, Bankruptcy Operations - YAHOO!

06/27/12

During her five years with GCG, Ferrante has helped lead a significant expansion of the Company’s bankruptcy department. Ferrante has also played a key role in the administration of various cases of note, most recently AMR Corporation, et al.

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Decision Points: Bankruptcy vs. Debt Payment Plan - FOXBusiness

06/27/12

It's important to note that there are several different types of bankruptcy, each with its own set of rules. With Chapter 7 bankruptcy, for example, individuals can keep all of their personal property, depending on their state laws. Chapter 13 ...

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Bankruptcy Costs Push AMR to Net Loss in May - NBC Dallas-Fort Worth

06/27/12

AMR disclosed the results in a filing with the U.S. bankruptcy court in New York. AMR, since filing for Chapter 11 protection last November, has reported net losses totaling $2.8 billion including bankruptcy costs. In May, AMR's revenue was $2 ...

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The Daily Docket: Stockton Votes for Bankruptcy Budget - Wall Street Journal

06/27/12

An international hunt for millions of dollars lost in a U.K. “death-bond” investment scheme has turned to New York with the filing of a Chapter 15 case for SLS Capital SA. Read the Daily Bankruptcy Review article here. (Daily Bankruptcy ...

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Intel Is Among Tech Giants Opposing Kodak Technology Sale - Bloomberg

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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What is municipal bankruptcy? - msnbc.com

06/27/12

The city of Stockton is on the verge of proceeding with a Chapter 9 bankruptcy filing, which is considered a rare and complex form of bankruptcy. Bob Deis, Stockton city manager, said the move is a legal method to prevent financial and legal chaos.

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Stockton, California, to File for Bankruptcy Protection - Bloomberg

06/27/12

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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City Of Stockton's Looming Bankruptcy: Pictures Tell The Story - NPR News

06/27/12

A bankruptcy filing could happen as soon as today, according to our colleagues at KQED and other local news outlets. The city of 300,000's painful step follows last year's bankruptcy filing by Alabama's Jefferson County — the largest municipal ...

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California city to become largest to file bankruptcy - CNN

06/27/12

In December, the county was $4.2 billion in debt. The largest previous municipal bankruptcy case was filed in 1994 by Orange County, California, which owed approximately $1.7 billion to creditors. Stockton Mayor Ann Johnston said in the 1990s ...

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