News

Local man to testify at hearing on FDIC loan sales [The Columbian, Vancouver, Wash.] - Businessweek

05/15/12

"Fogg Construction was forced to file Chapter 11 bankruptcy (on) May 3 ... Money recovered from payments on those loans or property sales are divided between Rialto and FDIC. The FDIC told The Columbian in mid-January that 137 former Bank ...

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LightSquared Files for Chapter 11 Bankruptcy in Bid to Buy Time - eWeek

05/15/12

One of LightSquared’s options is to convince the FCC to sell its current spectrum holdings–the bands next to GPS–and give it the frequencies it wants that are too far from GPS to interfere. Why would the FCC do this? There are two reasons. First, the ...

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LightSquared Files for Chapter 11 Bankruptcy in Bid to Buy Time - eWeek

05/15/12

In a series of last-gasp efforts, the company hired lobbyists in an effort to overturn the FCC decision, and wrangled with creditors to keep the company alive for increasingly futile efforts to stave off sale or shutdown of the company. The bankruptcy is ...

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'Octomom' Nadya Suleman Has Bankruptcy Case Thrown Out Of Court - Huffington Post

05/15/12

LA HABRA, Calif. -- A judge threw out "Octomom" Nadya Suleman's bankruptcy claim Tuesday after she failed to file the proper paperwork to show she can't pay as much as $1 million in debt. Suleman's case was thrown out because she didn't file a ...

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'Octomom' Nadya Suleman Has Bankruptcy Case Thrown Out Of Court - Huffington Post

05/15/12

LA HABRA, Calif. -- A judge threw out "Octomom" Nadya Suleman's bankruptcy claim Tuesday after she failed to file the proper paperwork to show she can't pay as much as $1 million in debt. Suleman's case was thrown out because she didn't file a ...

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Octomom's bankruptcy case dismissed - au.news.yahoo.com

05/15/12

Nadya Suleman's bankruptcy case has been dismissed. The parent of octuplets, known as 'Octomom' attempted to file for Chapter seven, the most serious form of bankruptcy on April 30 but her papers have been rejected. According to documents filed today ...

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Octomom Nadya Suleman's Bankruptcy Is a Bust! - Entertainment Online

05/15/12

According to the order of dismissal obtained by E! News, Suleman simply "failed to file all the documents required" to receive bankruptcy protection, nor did she file a request for an extension. "The case is dismissed, the automatic stay is vacated and all ...

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Harrisburg, Penn., loses bid to restart bankruptcy - Reuters India

05/15/12

Some members of the Harrisburg City Council said the bankruptcy would preserve the city's assets ... They also had asked the appeals court to award damages, claiming the litigation was frivolous, but that request was denied.

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ABN Amro, Feeder Funds Win Review of Madoff Trustee Suits - Bloomberg

05/15/12

U.S. District Judge Jed S. Rakoff in Manhattan said today he would take a group of suits out of bankruptcy court, mostly to convey decisions he already made in trustee Irving Picard’s cases against HSBC Holdings Plc (HSBA) and the New York ...

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American Airlines welcomes pacts with 1 union as pilots continue case in court - Miami Herald

05/15/12

American will continue negotiating with the remaining TWU bargaining units. Meanwhile, the bankruptcy court hearing continued Tuesday with the pilots making their case under the so-called 1113 process under the bankruptcy code, arguing that they ...

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