News

California city prepares way for bankruptcy - Financial Times

06/26/12

However, he added: “Stockton is not enough to shake the confidence in the market.” Since the great depression, investors in the muni debt of cities have largely recouped their money even in cases of default and bankruptcy.

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Stockton Edges Closer to Bankruptcy Filing - KQED

06/26/12

The Stockton City Council votes Tuesday night on taking the final step to filing for bankruptcy: a "pendency plan" that would halt payments on the city's debts, slash payments for retiree medical benefits, impose new pay and benefit cuts on city ...

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PNC settling overdraft fee suit - The Business Journal

06/26/12

PNC Bank is part of PNC Financial Services Group Inc. PNC Financial Services Group Inc. Latest from The Business Journals Ritz Camera files for bankruptcy protection ... Solomon declined to comment on the litigation. Robert Gilbert, a lawyer ...

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Mexican glassmaker case may export U.S. bankruptcy rules - msnbc.com

06/26/12

(Reuters) - Mexican glassmaker Vitro SAB is heading to a U.S. appeals court to save its restructuring at home from an assault by U.S. creditors in a case that could transport the U.S. bankruptcy code beyond that nation's borders. The case pits one of ...

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Mexican glassmaker case may export U.S. bankruptcy rules - Reuters

06/26/12

(Reuters) - Mexican glassmaker Vitro SAB is heading to a U.S. appeals court to save its restructuring at home from an assault by U.S. creditors in a case that could transport the U.S. bankruptcy code beyond that nation's borders. The case pits ...

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Mexican glassmaker case may export U.S. bankruptcy rules - Reuters

06/26/12

Hanging in the balance is the use of Chapter 15. Foreign companies have used this 7-year-old piece of the U.S. bankruptcy code about 600 times to get an overseas insolvency proceeding enforced in the United States. Many creditors have come to ...

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The BBB's Investigating A Company That Allegedly Posed As A Bankruptcy Firm - Yahoo Finance

06/26/12

With average cost of filing bankruptcy around $1,500, according to new research released by the National Bureau of Economic Research, it's no wonder as many as 1 million Americans can't afford it.  In some cases, consumers turn to legal ...

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Wolf Camera parent files Chapter 11, may close some Houston stores - The Business Journal

06/26/12

Ritz Camera & Image, parent of Colorado's Wolf Camera stores, has filed for Chapter 11 bankruptcy protection and is evaluating which of its 265 stores to close, including at least three stores in the Houston area. It's the second time that ...

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Cordillera Golf Club, LLC Announces Reorganization Plan Under Chapter 11 - Yahoo Finance

06/26/12

EDWARDS, Colo., June 26, 2012 /PRNewswire/ -- Cordillera Golf Club, LLC (CGC) announced today that it has filed for protection under Chapter 11 of the bankruptcy code in Delaware, the state of origin for the company. The filing is a means to ...

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Cordillera Golf Club, LLC Announces Reorganization Plan Under Chapter 11 - StreetInsider.com

06/26/12

EDWARDS, Colo., June 26, 2012 /PRNewswire/ -- Cordillera Golf Club, LLC (CGC) announced today that it has filed for protection under Chapter 11 of the bankruptcy code in Delaware, the state of origin for the company. The filing is a means to reorganize ...

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