News

Desai accused of faking memory loss in bankruptcy case - Las Vegas Review Journal

05/02/12

The trustee in Dr. Dipak Desai's bankruptcy case this week accused the physician at the center of the hepatitis C outbreak of faking memory loss to duck key questions under oath about his finances. Lawyers for the trustee, William Leonard ...

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GM Needs Europe Fix as Opel Losses Undercut U.S. Recovery - Businessweek

05/02/12

GM, the world’s largest automaker, would report its ninth- straight profitable quarter tomorrow since emerging from bankruptcy in 2009 ... In the January-to-March quarter, GM’s car sales fell 12 percent to 271,711 in the 27-member European ...

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Court Approves Dippin’ Dots Sale to Oklahoma Firm - Business Wire

05/02/12

Inc. A motion to permit the proposed sale was approved today by the U.S. Bankruptcy Court in Louisville, Kentucky. The sale is expected to close by mid-May. The buyer is unaffiliated with Dippin’ Dots, Inc., the past owners of the ice cream novelty company.

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Troubleshooter’ Martino loses suit against bankruptcy trustee - The Business Journal

05/02/12

Denver media personality Tom Martino lost his lawsuit against the trustee handling his Chapter 7 bankruptcy case. In a ruling April 26, U.S. Bankruptcy Court Judge Michael Romero dismissed Martino’s case against Simon Rodriguez, the Chapter 7 ...

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When Insolvency Cases Are Global - New York Times

05/02/12

This keeps creditors in a Swiss bankruptcy case from running to the United States and grabbing debtor assets outside of the Swiss bankruptcy process. The subtext of the American position is that certain foreign proceedings should not be ...

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Sonya Dakar’s Famed Hollywood Spa Enters Chapter 11 - Wall Street Journal

05/02/12

The company was put in bankruptcy by Michal Dakar ... According to documents filed in a separate case, the property is worth $7 million, subject to a $4.2 million secured claim, and the title is in Michal Dakar’s name. Separately, the family ...

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Troubleshooter Tom Martino loses suit against bankruptcy trustee - Denver Post

05/02/12

In a 10-page ruling, U.S. Bankruptcy Judge Michael Romero dismissed Troubleshooter Tom Martino’s complaint against the trustee over his case, finding little or no merit to a variety of issues the radio personality raised. Romero’s decision ...

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Hawaii bankruptcy filings fall 26% in April - The Business Journal

05/02/12

There were 254 bankruptcy cases filed in April, which was 25.7 percent fewer than 342 cases filed in April 2011 and 35 percent fewer than the 391 cases that were filed during the same month in 2010. The bulk of the filings were individuals ...

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The Fuller Brush Man - Wall Street Journal

05/02/12

This is why, when a Wall Street Journal photo editor was picking a picture to run with a story about the company’s bankruptcy filing, the photo selected wasn’t of a Fuller brush, floor wax or the Fuller logo. It was a black-and-white of a ...

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Octomom Files for Bankruptcy, Because Our Bankruptcy Laws Are Great - Forbes

05/02/12

The woman better known by her tabloid nom de plume as Octomom has officially filed for bankruptcy, E! News can confirm. “I have had to make some very difficult decisions this year and Filing Chapter 7 was one of them. But I have to do what is ...

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