News

Judge Leans Against Chapter 11 for Northern Mariana Pension - Wall Street Journal

05/30/12

A federal judge said he was "inclined to dismiss" a bankruptcy filing by the Northern Mariana Islands pension fund, scuttling the first such case by a cash-strapped U.S. public-employee retirement system. U.S. Bankruptcy Judge Robert Faris wrote in a ...

[more]

Publisher Boston Hannah files for bankruptcy liquidation - Reuters India

05/30/12

Boston Hannah listed assets at less than $50,000 in its Chapter 7 petition in a U.S. bankruptcy court in Delaware on Tuesday. No further information about the company's plans was immediately available. A call to the lawyer listed in the company ...

[more]

Publisher Boston Hannah files for bankruptcy liquidation - Reuters UK

05/30/12

Boston Hannah listed assets at less than $50,000 in its Chapter 7 petition in a U.S. bankruptcy court in Delaware on Tuesday. No further information about the company's plans was immediately available. A call to the lawyer listed in the company ...

[more]

Bankruptcy Judge Says Hawker Can Keep Borrowing On $400 Million Loan - NASDAQ

05/30/12

Sale Being Explored In court Wednesday ... to take over as chief executive. (Dow Jones Daily Bankruptcy Review covers news about distressed companies and those under bankruptcy protection. Go to http://dbr.dowjones.com) -By Joseph Checkler ...

[more]

Farm Linked to Listeria Outbreak Files for Bankruptcy - Wall Street Journal

05/30/12

A cantaloupe farm linked to a September 2011 listeria outbreak that caused 30 deaths and made hundreds sick filed for Chapter 11 bankruptcy on Friday after reaching a deal with its insurance company, which had argued that the company’s ...

[more]

I Filed For Bankruptcy At 23 - Huffington Post

05/30/12

For as long as I can remember, my father warned me about the dangers of credit cards. After I got my first job the summer after high school senior year, it became clear just how irresponsible I was with that minimal income. The second I got ...

[more]

Dewey’s New Life as Bankrupt Debtor Kicks Off - Wall Street Journal

05/30/12

But he balked at a motion that, according to Reuters, would have allowed Dewey’s lenders a lien on the proceeds of some future litigation in exchange for allowing the firm to fund the bankruptcy using the lenders’ cash collateral (money that ...

[more]

Morning Call owner may sell off newspapers - LehighValleyLive.com

05/30/12

The owner of Allentown’s daily newspaper is streamlining its corporate structure for the possible sale of publishing and broadcast units after its exit from bankruptcy, according to a report. Chicago-based Tribune Co. recently filed a document ...

[more]

RoomStore wants to sell its 65% stake in Mattress Discounters - Furniture Today

05/30/12

RoomStore, which has been operating under Chapter 11 bankruptcy protection since Dec. 12, said in a court filing that it wants to retain Northeast Securities Inc. to provide financial advisory and marketing services for the proposed sale of the 80-store chain.

[more]

New book redefines bankruptcy as beginning, not end of financial life - Boston Globe

05/30/12

“Bankruptcy From A to Z: The Path to Financial Hope and Freedom” is available for sale online at Amazon.com and other channels. About the Author: Betty Anne Grillo is a writer and legal professional. After receiving her education at Penn ...

[more]