News

Fashion Mogul’s Beverly Hills Estate Listed for $24.5 Million - Wall Street Journal

05/22/12

The French-born businessman amassed his fortune by co-founding Guess Inc. with his brothers, but recently has run into financial difficulty, prompting the sale of his Italian revival home under Chapter 11 bankruptcy, subject to court approval.

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Newt Gingrich Empire Going Bankrupt As Campaign Debt Swells - Huffington Post

05/22/12

Desmond told the bankruptcy trustee that $100,000 of that was for management fees prior to the sale, and $150,000 went toward the promissory note after the sale. Because all of the $150,000 was applied to interest on the loan, she added ...

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Houghton Bankruptcy Is The Latest Chapter In Publisher’s Changes - WBUR

05/22/12

BOSTON — Houghton Mifflin Harcourt has been talking about it for awhile, and Monday it formally filed for Chapter 11 bankruptcy protection. But company spokesman Josef Blumenfeld says neither customers nor its 3,800 worldwide employees will be affected.

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Bankruptcy claim survives against former Erie debt collector - Erie Times-News

05/22/12

... that Covatto not be allowed to avoid paying any Unicredit-related claims by discharging them as debts in his bankruptcy case. The Bankruptcy Code prohibits the automatic discharge of debts affected by fraud. Covatto, 50, of Millcreek ...

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Imperial Capital Announces Strategic Bankruptcy Trade Claim Sourcing Hires to Continue Its Expansion - msnbc.com

05/22/12

In addition, Mr. Lafaman was the Head of Trade Claims Sales & Trading for BDS Securities Corp., LLC ... Vice President with Primeshares World Markets Group, LLC where he sourced bankruptcy trade claims on behalf of bank and hedge fund clients.

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Sweden regional airline Skyways to file bankruptcy - Marketwatch

05/22/12

Danish regional carrier Cimber Sterling, also owned by Mansvell, filed for bankruptcy May 3. Hungary's national airline Malev and Spanish regional airline Spanair went bust earlier this year. "It feels very sad for the company and for our ...

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AMR debt holders hire advisers to look at bankruptcy case - The Business Journal

05/22/12

A group of debt holders of bankrupt AMR Corp. AMR Corp. Latest from The Business Journals American, unions to sit down for new round of labor talks Analyst: US Airways-American Airline merger is inevitable New statistics show how MIA is an economic ...

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Gingrich's private ventures are going bankrupt - YAHOO!

05/22/12

Desmond told the bankruptcy trustee that $100,000 of that was for management fees prior to the sale, and $150,000 went toward the promissory note after the sale. Because all of the $150,000 was applied to interest on the loan, she added, the balance owed ...

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UPDATE 4-BlackRock, investors buy $1.6 bln stake in F1-sources - Reuters

05/22/12

The deal sets a benchmark valuation of at least $7 billion for the company as financial advisers begin to target potential cornerstone and retail investors during the pre-marketing process of the IPO. The shares are expected to debut in June.

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Reno's Silver Legacy casino in bankruptcy protection - Sacramento Bee

05/22/12

The 37-story resort, with 1,700 rooms, a laser-light show and a silver-mining rig looming over the casino floor, filed for bankruptcy reorganization last week. The filing followed the collapse of a deal to restructure $142.8 million in debts.

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