News

Are 'Real Housewives of New Jersey' couple Melissa and Joe Gorga in financial trouble? - The Celebrity Cafe.com

06/21/12

Public property records show that Teresa’s brother, Joe Gorga, and his wife, Melissa Gorga, owe a $2,250,000 mortgage on their Toms River, New Jersey home, which is currently up for sale ... She said, "In bankruptcy, you are able to start your life ...

[more]

Dewey Docket: Dump the Leases, Keep the Art - Wall Street Journal

06/21/12

Now that Dewey & LeBoeuf LLP has filed for bankruptcy, the wind-down team for the defunct New York law firm wants to jettison leases for shuttered offices from Austin to Abu Dhabi. Continuing those leases, the firm says, will not benefit the ...

[more]

The Daily Docket: Ex-First Regional Parent Enters Bankruptcy - Wall Street Journal

06/21/12

The holding company behind the failed First Regional Bank in Los Angeles, whose $2.18 billion in assets were seized by federal banking regulators nearly 18 months ago, has filed for bankruptcy protection with just a fraction of that amount—$1 ...

[more]

Rochelle on Paulson Resorts, Dynegy, Quick RG Steel Sale: Audio - Bloomberg

06/21/12

Parent Dynegy Inc. has details to work out before the power producer initiates what could be a record short-lived bankruptcy reorganization. The creditors' committee for steel producer RG Steel LLC is trying to slow down the sale, as Rochelle ...

[more]

Union Station sale nearing completion [St. Louis Post-Dispatch] - Businessweek

06/21/12

The sale is under contract, pending final details to be worked ... 1979 -- Oppenheimer Properties rescues the station from bankruptcy by purchasing it for about $5 million. 1985 -- After a two-years of work, Rouse Co. completes a station ...

[more]

Behringer Harvard seeks Chapter 11 protection on Frisco Square - The Business Journal

06/21/12

Behringer Harvard has filed for Chapter 11 bankruptcy protection on Frisco Square after the Addison-based company said that it was unable to restructure its debt on the property. The filing was by Behringer Harvard Frisco Square LP, an indirect subsidiary ...

[more]

Ireland: Intra Jurisdictional Bankruptcy And IBRC v Quinn - Mondaq

06/21/12

In Ireland, a bankrupt cannot apply for automatic discharge until a period of 12 years has elapsed since the date of adjudication under Section 85(1) of the Bankruptcy Act 1988. This is a recent provision introduced by Part 7 of the Civil Law ...

[more]

Plant City properties up for auction reflect tough times - St. Petersburg Times

06/21/12

The auction company says more distressed properties are on the auction block than usual. Of the 23 Plant City properties for sale, eight are in bankruptcy, two are in foreclosure and two others — the downtown buildings — are bank-owned ...

[more]

File bankruptcy to scuttle old boat debt? - Yahoo Finance

06/21/12

This is the standard that is used to determine if you can file for a Chapter 7 bankruptcy -- where your debt is forgiven -- or not. You'll be better off if you can work something out with the lender. I understand your desire not to work with your lender.

[more]

Hanwha Chemical Says Polysilicon Glut to Last Until 2014 - Bloomberg

06/21/12

The oversupply of polysilicon on world markets may last until at least 2014, pushing more high- cost producers of the raw material used for solar panels into bankruptcy ... polysilicon assets put up for sale are inefficient, Senior Vice ...

[more]