News

Vote Tuesday could send Stockton to bankruptcy court - Sacramento Bee

06/25/12

In an effort to avert a bankruptcy filing, Stockton held last-minute negotiations to seek concessions from bondholders, employee unions and retirees. The city manager is scheduled to tell the City Council on Tuesday whether sufficient savings ...

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Tycoon in eco me$$ - New York Post

06/25/12

The bankruptcy of New York billionaire Ira Rennert’s steel mill has environmental groups hotter than a blast furnace. “His company is ducking out of any kind of responsibility again,” fumed Russell Donnelly, an environmentalist in Sparrows Point ...

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Legal barrage greets motion to halt clawbacks - ABQJournal

06/25/12

Clawbacks have proved controversial in bankruptcy cases involving Ponzi schemes, as illustrated by the contentious litigation related to Bernie Madoff’s giant Ponzi scheme. One of the players in the Madoff litigation, New York City lawyer ...

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Inside Politics: New survey shows 1 in 4 voters uncommitted - Washington Times

06/24/12

But Mr. Deis said that to avoid bankruptcy, any deal would have to result in sufficient savings to make the city solvent. Meantime, officials have made preparations in case mediation efforts fail. The Stockton City Council is scheduled to decide ...

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Hedge Fund Manager to Pay $405 Million in Madoff Settlement - New York Times

06/24/12

Moreover, Mr. Picard is determined that all Madoff claims should be handled through the federal bankruptcy court, not through piecemeal litigation that benefits only small groups of investors. On those grounds, Mr. Picard’s lawyers have ...

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Inside Lancers bankruptcy - elpasoinc.com

06/24/12

El Paso restaurateur Rene Garcia has saved the troubled Eastside Lancers Club from closure, purchasing the snazzy establishment from the bank in a foreclosure sale in April ... s financial woes that led to bankruptcy on cost overruns during ...

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Bankruptcy forces 89-year-old WWII vet from Plains home - Billings Gazette

06/24/12

The case of Renn Bodeker has a lot of twists, turns and fallout. “What needs to be reported clearly is that the court has not said anything about exhuming his wife’s body,” says Bernard McCarthy, clerk of the United States Bankruptcy Court for the Di ...

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Bankruptcy forces 89-year-old WWII vet from home - Bozeman Daily Chronicle

06/24/12

Brandon said Bodeker waived his homestead exemption and agreed to the house's sale, and that she never threatened to exhume his wife's remains. Brandon has asked U.S. Bankruptcy Judge Ralph Kirscher to order Bodeker to post a correction on the Oathkeepers ...

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Business Bankruptcies - Minneapolis Star Tribune

06/24/12

This is a list of recent business-related bankruptcies filed in U.S. Bankruptcy Court in Minneapolis and St. Paul. The number after the filing date is the case number. A Chapter 7 petition is for liquidation of the business; Chapter 11 (or ...

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06/25: Bankruptcies - Orlando Sentinel

06/24/12

Central Florida individuals and businesses that have filed for liquidation under Chapter 7 of the U.S. Bankruptcy Code include: Shiobhan's Cheveux Salon, Spa and More Inc., doing business as Shiobhan Charles Salon, 595 W. Church St., Unit G ...

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