News

Feds reject deal for Prescott racetrack sale - MySanAntonio

04/13/12

The USDA has the final say on the sale because it still holds $14.7 million in loans on the track facilities. The agency will talk with the bankruptcy trustee and judge about what to do next, said agency spokeswoman Dianna Jennings. It could continue ...

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Dodgers sale approval on court's calendar for Friday afternoon - Los Angeles Times

04/13/12

WILMINGTON, Del. -- The sale of the Dodgers is expected to be approved at a U.S. Bankruptcy Court hearing starting at 1 p.m. PDT. The court held a morning session to hear several matters related to the case, most significantly an agreement by ...

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Judge Approves $2.15 Billion Sale of L.A. Dodgers to Magic Johnson Group - Hollywood Reporter

04/13/12

The U.S. Bankruptcy Court in Wilmington, Del., approves the sale of the National League Team and Dodger Stadium to the Lakers legend's Guggenheim Baseball Management, in the largest price tag ever for a sports franchise. The Los Angeles Dodgers have taken ...

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Rochelle on Direct Air, Arcapita, Acquisition Targets: Audio - Bloomberg

04/13/12

Where companies in New York and Delaware linger in Chapter 11 before someone pulls the plug and liquidates, charter airline Direct Air managed to survive less than one month in Massachusetts, as Bloomberg Law's Lee Pacchia and Bloomberg News ...

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BANKRUPTCY WEEK AHEAD: Hostess To Spar For Chapter 11 Control - NASDAQ

04/13/12

Hostess Brands Inc. on Tuesday will ask a judge to let it keep a tight grip on its Chapter 11 restructuring as the maker of Twinkies and Wonder Bread prepares for a faceoff with its unions. A long agenda for Tuesday's hearing in the White Plains ...

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Dodgers Reach Agreement With Fox Over Sale, Lawyers Say - Bloomberg

04/13/12

Fox Sports’ Net West 2 LLC, a unit of New York-based News Corp. (NWSA), plans to drop its opposition to the sale later today once final documents are presented in bankruptcy court in Wilmington, Delaware, Fox attorney Gregory W. Werkheiser ...

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Tax Refunds Being Used to Pay for Bankruptcy Filings - CNBC

04/13/12

Some Americans spend their tax refunds on high-tech gadgets and long-awaited vacations. Others use the cash to file for bankruptcy protection. More than 200,000 money-strapped households will use their tax refunds this year to pay for bankruptcy filing and ...

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Americans spending tax returns on bankruptcy - The Business Journal

04/13/12

Some put their tax returns in savings and some spend the money on a trip or gadget, but more than 200,000 Americans are expected to use the refunds this year to pay for bankruptcy filing and legal fees, according to a new study by the National ...

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Bankruptcy cases keep dwindling in region - Buffalo News

04/13/12

The number of new bankruptcy cases fell by 13 percent in Buffalo last month and by nearly 20 percent in Rochester, as either consumer debt problems continue to wane or debtors give up on seeking court protection because they can’t afford it.

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Warren Sapp speaks out on bankruptcy filing - St. Petersburg Times

04/13/12

The voice is the same, a low growl that can turn blunt and pointed over the length of a conversation, punctuated by short bursts of laughter. It is the same sound you heard in the good times, and now that bad times have hit, it has not changed.

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