News

Closing a credit card account when your credit is bad: Plain Dealing - Cleveland Plain Dealer

04/21/12

I'm trying to decide whether to close a credit card I no longer use. In the last few years, I've been through bankruptcy and a short sale. I have a credit card I opened before the bankruptcy that I've always kept in good standing. But the card ...

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US Airways takes a step toward merging with American Airlines - Philadelphia Daily News

04/21/12

The judge could extend that period for up to eight months. The unions hold three of the nine seats on the committee of unsecured creditors in the bankruptcy case of American's corporate parent, AMR Corp. The committee can ask the judge to review ...

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Bankrupt Michigan developer owes Unity $126,259 - Pittsburgh Tribune-Review

04/21/12

Unity Village Shoppes is not among the properties listed for the May 15 tax sale by Westmoreland County. The bankruptcy filing caught Michael O'Barto, chairman of the township supervisors, by surprise. "I'm not too happy about this," O'Barto said.

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Forced to liquidate your dog: a bankruptcy hazard? - Examiner

04/21/12

That's liquidate not liquefy.. Remember chapter 7 bankruptcy is a liquidationprocess and if you own a beloved family poodle, you should first obtain a good estimate of what his/her fair market value is. I know it sounds harsh.  You don't ever think of ...

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Greenberg Traurig Says It’s Talked to Dewey About Lawyers - Bloomberg

04/21/12

Greenberg Traurig LLP said it has held preliminary discussions regarding lawyers at Dewey & LeBoeuf LLP, the New York law firm said to be considering options including a pre-packaged bankruptcy filing. “We have had preliminary discussions ...

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With Ch. 7 filing, NFL retiree Sapp became latest victim of entrepreneur syndrome - Boston Globe

04/21/12

Looking at former NFL star Warren Sapp’s bankruptcy filing, it’s hard not to focus on the Florida mansion he owns or the number of pricey athletic shoes he’s purchased (240 pairs, many still in the box unworn). Sapp lists assets of nearly ...

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Supreme Court ruling clears way for Prichard to seek bankruptcy - Everything Alabama Blog

04/21/12

They won an initial victory in 2010 when a U.S. Bankruptcy Court judge dismissed Prichard’s petition, but the city appealed that decision to U.S. District Court in Mobile. The District Court judge, Kristi DuBose, put the case on hold while the ...

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Unions reach pact in American Airlines-US Airways merger - comcast.net

04/21/12

The agreements signify the unions will cooperate with US Airways management in a proposed hostile takeover of American, whose parent AMR Corp. filed a Chapter 11 bankruptcy reorganization petition Nov. 29. Representatives of the Transport Workers Union ...

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AA unions plan to back US Airways takeover bid - Tulsa World

04/21/12

On Thursday, the company reported a $1.66 billion loss for the first quarter, mostly on bankruptcy-reorganization costs. On Monday in New York, AMR is scheduled to begin presenting its case for throwing out union contracts and imposing new pay ...

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Settlement in Dynegy subsidiary bankruptcy case - Yahoo Finance

04/21/12

Dynegy Holdings LLC and four of its subsidiaries filed for bankruptcy protection on Nov. 7, with a plan to restructure $4 billion in debt. Dynegy CEO Robert Flexon said the settlement could end legal disputes that might have dragged on for years.

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