News

'Octomom' files for bankruptcy, says debts approach $1 million - NDTV

05/02/12

Santa Ana: "Octomom" Nadya Suleman has filed for bankruptcy, saying in a court filing that she has as much as $1 million in debt. Ms Suleman wants a fresh start and said in a statement that filing for bankruptcy Monday is what's best for her ...

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Dodger sale creates field of dreams in bankruptcy - ABS-CBN

05/02/12

The Los Angeles Dodgers' $2 billion sale creates a new game plan for loss-making sports teams hoping to command top dollar -- file for Chapter 11. The deal, sealed on Tuesday, saw the team sold to a consortium including basketball legend Earvin "Magic ...

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In ad, Lugar accuses Mourdock of 'gambling Hoosier pensions on junk bonds' - Evansville Courier-Press

05/02/12

Bankruptcy exists to sort legal claims on assets ... which noted a 20-percent uptick in Chrysler sales in the United States in April. "Under a liquidation scenario, tens of thousands of individuals would have been added to unemployment rolls ...

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US Fidelis bankruptcy plan proposes distribution of what's left - St. Louis Post-Dispatch

05/02/12

and in federal court of conspiracy to commit mail and wire fraud and filing a false tax return. Cory Atkinson has pleaded not guilty to charges. Under the bankruptcy plan, most of the money going to consumers, $13 million, comes from the remaining assets of Fidelis.

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Business calendar for St. Charles County - St. Louis Post-Dispatch

05/02/12

BUSINESS NETWORK INTERNATIONAL: Givers Gain Chapter, 11:30 a.m.-1 p.m. May 2, Bellabrations Banquet Center, 235 Jungermann Road, suite 101, St. Peters. For more information, call Laura Bieker at 314-704-4183. BUSINESS NETWORK INTERNATIONAL ...

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U.S. ARMS SALES BRING BLOODSHED, BANKRUPTCY TO PAKISTAN - American Reporter

05/02/12

WASHINGTON, June 30, 2008 -- The interests of the U.S. military-industrial complex appear to take precedence over U.S. national interests and human rights concerns, a recent transfer of fighter jets to Pakistan shows. From behind the ivory tower called the ...

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Bankrupt Hub house of worship may leave lender empty-handed - Boston Herald

05/02/12

In response, church lawyers are asking U.S. Bankruptcy Court Judge Frank Bailey to move repayment of OneUnited’s $4.7 million in property loans behind all other unpaid bills. “They are not allowed to file a plan without permission, (so our proposed ...

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Tennis Racket Maker Prince Sports Files for Bankruptcy - Businessweek

05/02/12

Among the largest unsecured creditors listed in the Bordentown, New Jersey-based company’s Chapter 11 documents filed today in U.S. Bankruptcy Court in Wilmington, Delaware, were Da Sheng International Holding Ltd. of Taiwan and Pais ...

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Dodgers must pay Major League Baseball legal bills - Los Angeles Times

05/01/12

The court-appointed mediator in the Dodgers' bankruptcy case upheld that provision, according to three people familiar with the matter. Frank McCourt, the Dodgers' outgoing owner, and incoming owner Guggenheim Baseball will share responsibility ...

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General Growth posts lower profit in 1st quarter - Syracuse Post-Standard

05/01/12

General Growth filed the largest real estate bankruptcy case in U.S. history in 2009 under the burden of nearly $28 billion in debt. It exited bankruptcy with the aid of $6.8 billion in equity commitments from an investor group led by Brookfield Asset ...

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