News

Polish builder PBG seeks bankruptcy protection - Reuters

06/04/12

WARSAW, June 4 (Reuters) - Troubled Polish builder PBG filed for bankruptcy protection on Monday only days before the start of the Euro 2012 because of problems related to road and stadium contracts built for the soccer tournament. PBG shares ...

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Polish builder PBG seeks bankruptcy protection - Reuters India

06/04/12

WARSAW, June 4 (Reuters) - Troubled Polish builder PBG filed for bankruptcy protection on Monday only days before the start of the Euro 2012 because of problems related to road and stadium contracts built for the soccer tournament. PBG shares ...

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O.C. bankruptcies drop 15% in April - msnbc.com

06/04/12

In April 1,385 individuals and businesses filed for bankruptcy protection, 15.5% fewer than a year ago, according to the latest data from the U.S. Bankruptcy Court Central District of California. The filings have been declining gradually over the past year ...

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Nike to sell off Umbro brand - Fort Wayne Journal Gazette

06/04/12

RG Steel bankrupt; 2,000 layoffs loom Struggling Maryland steelmaker RG Steel has filed for Chapter 11 bankruptcy protection in Delaware. In its filing Thursday, the company listed more than $1 billion in both assets and liabilities. RG Steel ...

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Red Flags Were Raised on Client Cash, MF Global Inquiry Is Told - New York Times

06/04/12

In interviews with investigators, two former back-office employees said they had raised red flags about the firm’s possible misuse of customer money in the final week before it filed for bankruptcy, according to people briefed on the matter.

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Editorial: Bankrupt cities need help, not more red tape - Sacramento Bee

06/04/12

The bill will make it harder for cities to seek bankruptcy protection ... evaluation process before it has been fully implemented and vetted in an actual case and particularly while Stockton and almost 20 interested parties are currently ...

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Red Flags Were Raised on Client Cash, MF Global Inquiry Is Told - New York Times

06/04/12

In interviews with investigators, two former back-office employees said they had raised red flags about the firm’s possible misuse of customer money in the final week before it filed for bankruptcy, according to people briefed on the matter.

[more]

Vitro Confronts Bondholders in Bid to Enforce Bankruptcy Plan - Bloomberg

06/04/12

U.S. Bankruptcy Judge Harlin Hale in Dallas will have to weigh ... the appeal did not stop the plan from being implemented. The plan provides $814.7 million in new 8 percent notes and $109.6 million in convertible bonds, according to Vitro.

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Failed land deal 'ruined a lot of lives' - msnbc.com

06/03/12

The company entered Chapter 11 bankruptcy in December, which stalled any sale of lots still held by TAS. The company owes $500,000 in delinquent taxes to Dade County, Rumley said. "It's the largest [tax amount owed] probably in Dade County history as far ...

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Red Flags Were Raised on Client Cash, MF Global Inquiry Is Told - New York Times

06/03/12

In interviews with investigators, two former back-office employees said they had raised red flags about the firm’s possible misuse of customer money in the final week before it filed for bankruptcy, according to people briefed on the matter.

[more]