News

Bankruptcy filings down in region - Washington Post

05/13/12

Bankruptcy filings in the Washington region fell through the first four months of 2012, reflecting a nationwide trend of families and businesses appearing to get on more stable financial footing, according to the American Bankruptcy Institute. There were a ...

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LightSquared edges closer to bankruptcy filing-sources - Reuters UK

05/13/12

(Reuters) - Philip Falcone's telecom start-up LightSquared MOSAV.UL edged closer to a bankruptcy filing on Sunday as the hedge fund manager was far from an agreement with creditors, sources familiar with the matter said. Falcone has until Monday ...

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Bankruptcy administrator recommends 3 creditors - Birmingham News

05/13/12

... Alabama's federal bankruptcy court has tapped a three-member committee to represent unsecured creditor in Jefferson County's bankruptcy case. The Birmingham News reports (http://bit.ly/JLJqwD) that J. Thomas Corbett filed the recommendation last week.

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Ally Financial's mortgage unit nears bankruptcy: sources - Reuters

05/13/12

NEW YORK (Reuters) - Ally Financial Inc's Residential Capital unit is nearing a bankruptcy filing, sources familiar with the situation said on Sunday, in a move that could help the taxpayer-owned auto lender to shed its troubled mortgage ...

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Ally Financial's mortgage unit nears bankruptcy: sources - Yahoo Finance

05/13/12

NEW YORK (Reuters) - Ally Financial Inc's Residential Capital unit is nearing a bankruptcy filing, sources familiar with the situation said on Sunday, in a move that could help the taxpayer-owned auto lender to shed its troubled mortgage ...

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LightSquared edging closer to bankruptcy filing - Reuters

05/13/12

May 13 (Reuters) - Philip Falcone's telecom start-up LightSquared edged closer to a bankruptcy filing on Sunday as the hedge fund manager was far from an agreement with creditors, sources familiar with the matter said. Falcone has until Monday ...

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Ally Financial's mortgage unit nears bankruptcy: sources - msnbc.com

05/13/12

NEW YORK (Reuters) - Ally Financial Inc's Residential Capital unit is nearing a bankruptcy filing, sources familiar with the situation said on Sunday, in a move that could help the taxpayer-owned auto lender to shed its troubled mortgage business but also ...

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LightSquared may file for bankruptcy as early as next week - Intomobile.com

05/13/12

is now a case study in how not to launch a wireless broadband network. After a series of missteps that led to the FCC rejecting its application for wireless service, the company is now on the verge of declaring bankruptcy. According to a Wall ...

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Report: LightSquared Prepares for Bankruptcy Filing - PC World

05/13/12

Negotiations between LightSquared and its lenders remained "far apart" over the weekend, leaving the beleaguered would-be data carrier likely to file for bankruptcy protection Monday, The Wall Street Journal reported Sunday, citing anonymous sources ...

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Ally Financial's mortgage unit nears bankruptcy-sources - Reuters

05/13/12

A bankruptcy of ResCap would clear the path for Ally ... Ally owes the government about $12 billion, counting dividend payments by the lender and sale of some securities by the Treasury. The filling would come as pressure increases on Ally ...

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