News

Calif federal judge files for Chapter 7 bankruptcy - San Jose Mercury News

04/26/12

LOS ANGELES—U.S. District Judge Otis Wright has been on the federal bench only five years and now is facing bankruptcy because he's unable to pay his existing debts. While Wright and other district judges are making roughly $174,000 annually ...

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Lehigh Valley Racquet and 24/7 Fitness Clubs exit bankruptcy - Allentown Morning Call

04/26/12

A federal judge Thursday dismissed Lehigh Valley Racquet and 24/7 Fitness Clubs' Chapter 11 bankruptcy case. The regional fitness chain with locations in Bethlehem, Trexlertown and South Whitehall Township filed a motion for dismissal after ...

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American Pursued ‘Limp-Along’ Strategy Before Bankruptcy - Businessweek

04/26/12

AMR Corp. (AAMRQ) (AAMRQ)’s American Airlines pursued a “limp-along” strategy before filing for bankruptcy as it sought to cut costs and turn around the carrier, an executive for the company said in court. American’s earlier negotiations ...

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UPDATE 4-Ally says may put mortgage unit in bankruptcy - Reuters India

04/26/12

Sources familiar with the matter said Ally is preparing for a possible bankruptcy filing for ResCap, and that there is pressure to get the filing completed before mid-May, when unsecured notes come due for the unit. On the conference call ...

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AMR labor needs shifted after bankruptcy: executive - msnbc.com

04/26/12

But Brundage said that is because the company's goals shifted after it filed for Chapter 11 protection. Before the bankruptcy, AMR's aim was to keep its unions from striking, and to avoid bankruptcy. "We were governed by how hard we believed we could push ...

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AMR labor needs shifted after bankruptcy: executive - Reuters

04/26/12

Testifying at a court hearing on AMR's request to abandon its labor deals, Jeff Brundage said the concessions AMR asked of its unions before its bankruptcy filing would not have "allowed us to be a viable enterprise." Brundage was addressing ...

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Federal judge in Los Angeles files for Chapter 7 bankruptcy - Contra Costa Times

04/26/12

LOS ANGELES -- A federal judge in Los Angeles has filed for Chapter 7 bankruptcy because he's unable to pay his existing debts. Court records show U.S. District Judge Otis Wright and his wife lodged their bankruptcy filing in Los Angeles four ...

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Betsey Johnson Bankruptcy: Designer's Licensing Company Files For Chapter 11 - Huffington Post

04/26/12

Betsey Johnson LLC is filing for Chapter 11 bankruptcy, reports Women's Wear Daily. Betsey Johnson LLC is the designer's licensing company, which overseas the freestanding Betsey Johnson boutiques, womenswear and e-commerce. The company has been ...

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Calif federal judge files for Chapter 7 bankruptcy - San Francisco Gate

04/26/12

A federal judge in Los Angeles has filed for Chapter 7 bankruptcy because he's unable to pay his existing debts. Court records show U.S. District Judge Otis Wright and his wife lodged their bankruptcy filing in Los Angeles four months ago.

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Betsey Johnson LLC files for Chapter 11: reports - Marketwatch

04/26/12

LOS ANGELES (MarketWatch) -- Clothing and accessories design company Betsey Johnson LLC filed for Chapter 11 bankruptcy protection on Thursday, according to reports. The move will result in the closure of the majority of its stores.

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