News

Court to Hear Kika Bankruptcy Case - Arutz Sheva

05/13/12

The Petach Tikvah District Court will hold a hearing Sunday on a request by the management of the Israeli branch of the Kika department store that all legal action against it be suspended, in order to enable the store to reopen. A report said that workers ...

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American Airlines workers march on headquarters - Yahoo Finance

05/13/12

AMR in November sought Chapter 11 reorganization. Union leaders on Monday are expected in bankruptcy court in New York to oppose AMR's plan to throw out their labor contracts. The company seeks to impose its own terms for pay, benefits and work rules.

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Creditors investigating possible ties between Palma, Christian Brothers in bankruptcy - Monterey County Herald

05/13/12

That history is under scrutiny in the wake of litigation and a federal judge's inquiry into ... Palma's real estate and other assets might be used to settle a massive bankruptcy filing now working its way through federal court — a concern ...

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Bankruptcy court wipes Martinovich debt clean - Daily Press

05/12/12

Jeffrey A. Martinovich, 46, the onetime chairman and chief executive officer of MICG Investment Management LLC, has been granted a discharge in a Chapter 7 bankruptcy case that he filed in U.S. Bankruptcy Court in Norfolk in early 2011.

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Hostess bakeries could lay off 54 in Broward, Palm Beach counties in July - Sun Sentinel

05/12/12

It also has a 30-employee distribution center in Doral in Miami-Dade County, a spokesman said. Hostess filed for Chapter 11 bankruptcy in January, seeking to reorganize its ailing finances. It was the second Chapter 11 filing for the company ...

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Restoring your credit scores after filing for bankruptcy - Los Angeles Times

05/12/12

Dear Liz: I had credit scores over 800 with no late payments ever. Unfortunately, a medical issue required me to charge $24,500 to a credit card. That led to a bankruptcy, which was discharged in July 2011. My scores dropped to 672, and they're ...

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American Airlines to explore merger options - Yahoo Finance

05/12/12

AMR, which has been in Chapter 11 since November, had long said it intended to reorganize as a stand-alone carrier, shrugging off interest expressed by rival US Airways Group Inc. The carrier, however, has faced mounting pressure from vocal ...

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Bankruptcy filings drop in April; retail soars in February - Rockford Register-Star

05/12/12

A month after local bankruptcy filings soared to a 12-month high, the number of residents and business owners filing for bankruptcy protection plummeted. In April, 200 new bankruptcies were filed in Boone, Ogle, Stephenson and Winnebago counties.

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Playoff Run Aside, Coyotes’ Ownership Is Still a Prickly Issue - New York Times Blogs

05/12/12

“It completely depends,” said Clint Bolick, the vice president for litigation at the Goldwater Institute ... The N.H.L. bought the Coyotes out of bankruptcy in 2009 for about $140 million. The Coyotes, who make their first appearance ...

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Up to 1M Americans Too Poor to Go Bankrupt - Newser

05/12/12

(Newser) – Between 200,000 and 1 million Americans this year are so down-and-out they don't even have enough money to file for bankruptcy, a new study finds. The average cost of filing for Chapter 7 bankruptcy protection is about $1,500—$300 ...

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