News

US Trustee also wants Fund Chapter 11 petition junked - Saipan Tribune

05/06/12

The U.S. Trustee has asked the U.S. District Court for the NMI Bankruptcy Division to dismiss the NMI Retirement Fund's Chapter 11 bankruptcy petition. Assistant U.S. Trustee Curtis Ching echoed the position of two unnamed retirees represented ...

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U.S. Bankruptcy Judge Thomas B. Bennett 'ideal person' at the center of precedent-setting trial - Everything Alabama Blog

05/06/12

... Chief U.S. Bankruptcy Judge Thomas Bennett's first acts after being assigned to preside over Jefferson County's bankruptcy case was to warn lawyers on both sides that the case would not be a casual job. They might have to work weekends and ...

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Millville boat manufacturer files for Chapter 11 - NJ.com

05/06/12

MILLVILLE — Morgan Industries Corporation, the parent company of boat manufacturer Silverton Marine, announced today that it and all of its U.S. subsidiaries filed for Chapter 11 bankruptcy. Once the city’s largest employer — with more ...

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Ford’s challenge: Saving the Lincoln - Worcester Telegram & Gazette

05/06/12

Ford Motor, alone among America’s Big Three automakers, staved off bankruptcy and survived the financial crisis. Its sales, profit and stock price have surged. Now it faces what may be an even tougher challenge: Can it save its faltering Lincoln brand?

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Silverdome owner buys Penobscot Buildings in Downtown Detroit - Examiner

05/06/12

Information about the sale was released by the Farmington Hills investment ... by the end of May to end foreclosure proceedings as the firm prepared to exit bankruptcy. In 2009 the company purchased the Silverdome from the City of Pontiac ...

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Abbey items go to highest bidder - Waterloo Cedar-Falls Courier

05/06/12

Bankruptcy trustee Renee Hanrahan is sorting through Scott's case in Iowa and arranged Saturday's event, which required the services of two auctioneers working simultaneously. "The purpose of the sale is to sell all the assets, turn them into money and ...

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Medical billing, a world of hurt: Error-prone system is headache for insurers, providers, patients - Cleveland Plain Dealer

05/06/12

Medical bills linked to foreclosure, bankruptcy "It's hard for a consumer to know if ... billing complaints with Ohio Attorney General Mike DeWine. But the Consumer Sales Practices Act, which DeWine enforces, specifically exempts nearly all ...

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Bankruptcy could have a silver lining - Record

05/06/12

Let's see if one appears likely. A new law, AB506, requires cities to try to work things out before filing for bankruptcy. The city of Stockton is participating in a 60-day mediation with its creditors. Leaders are trying to bargain down city ...

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Newcomer revives coal mine near Tamaqua - Pocono Record

05/06/12

Topkis and Toll bid at the bankruptcy auction for the historic mine property that sprawls across five towns in Schuylkill and Carbon counties, home of the 19th century's Molly Maguires, one of the first labor movements in this country. The sale ...

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Bankruptcy judge vindicates victims of FRM Ponzi scheme - Seacoast Online

05/06/12

The ruling by Judge J. Michael Deasy was in response to a bankruptcy case involving victims of the Financial Resources Mortgage company, which turned millionaires into welfare recipients, triggered two suicides, lost life savings, and sent two ...

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