News

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. CNN's Ed Payne contributed to this report.

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Dykstra makes plea in federal bankruptcy case - Abc Local Web

06/27/12

Lenny Dykstra, facing more than 90 years in prison for bankruptcy fraud, obstruction of justice and money laundering, has entered a plea agreement with federal prosecutors Lenny Dykstra, facing more than 90 years in prison for bankruptcy fraud, obstruction ...

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The Oklahoma Bankruptcy Lawyers at Atkins & Markoff Alert Public to New York Fed Quarterly Report Indicating That Student Loan Debt Continues to Rise - YAHOO!

06/27/12

is a team of attorneys who are dedicated to helping consumers and business owners work their way through bankruptcy filings and other financial difficulties. The Oklahoma bankruptcy lawyers at the firm hereby alert the public to a recent report released by ...

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As state Legislature pushes bankruptcy ban, Harrisburg could run out of cash by October - PennLive.com

06/27/12

At the same time, the state Legislature is moving to extend a ban on municipal bankruptcy, which would prevent third class cities — including Harrisburg — from filing for bankruptcy protection. A Senate Republican leadership source confirmed ...

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Some tout bankruptcy as Scranton's way out, others say it's no picnic - Scranton Times-Tribune

06/27/12

Proponents say it would offer a "clean slate" or "fresh start," but experts say there are no guarantees, and a bankruptcy filing could damage Lackawanna County's credit rating. Local accountant Gary Lewis doesn't see a way out for the city ...

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The San Diego Bankruptcy Lawyers at the Golden State Law Group Offer Free Initial … - YAHOO!

06/27/12

This consultation can help consumers who are struggling define a pathway to recovery from those serious financial problems and can lead to the possibility that filing for bankruptcy protection or some other strategy can be employed to bring about an end to ...

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Stockton set to become the largest US city to declare bankruptcy - FOX News

06/27/12

"The whole purpose of filing Chapter 9 is to avoid an uncontrolled chaotic situation," he said. "Bankruptcy provides the equivalent of a pause button. It retains services and provides structure so you don't have a bunch of lawsuits." City ...

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The Darkest Nights of My World - Chapter 11 (Part 1) - Buzzle

06/27/12

After a day of sightseeing and eating, Luke and I ended up at the beach. Although the house was only five minutes away, the car was in the parking lot behind us. Luke insisted he wanted to drive the Mustang while he had the chance and because it ...

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Stockton City Council Votes in Favor of Bankruptcy Budget - Wall Street Journal

06/27/12

In February, Stockton began negotiating with 19 parties, including retirees and city workers, under a California law that requires municipalities to try mediation before filing for Chapter 9 bankruptcy. That mediation process expired Monday.

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Big banks craft 'living wills' in case they fail - Reuters India

06/27/12

The first is through bankruptcy courts with banks negotiating with their ... The plans include "very granular detail" about bank operations, he noted, adding that "in man y cases, this is a large documentation exercise." For example, the banks ...

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