News

Feds call bankrupt solar firm an ‘empty shell’ - Washington Times

04/09/12

... scrutiny from Justice Department lawyers representing the Department of Energy as a creditor in the ongoing bankruptcy case, according to newly filed court records. Government attorneys also are criticizing what they said were early ...

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AOL sells 800 patents, achieving what Kodak is trying to do - Democrat and Chronicle

04/09/12

The assumption that Kodak will be able to realize such a windfall helped the company secure $950 million in financing so it could continue operating while in Chapter 11 bankruptcy. Any money from Kodak’s intellectual property sale would go ...

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Jefferson County says Mellon illegally took $584,700 from county fund - Everything Alabama Blog

04/09/12

A vice president with the Bank of New York Mellon, one of the creditors in the county's Chapter 9 bankruptcy filing, on April 2 sent a letter to Regions Bank claiming Mellon had the authorization to withdraw the money from a construction fund ...

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Bankruptcy filings continue decline - MSN Money

04/09/12

This post comes from partner site Credit.com. Economic conditions are improving significantly nationwide -- and because of this, fewer consumers are in such dire financial straits that they need to seek protection from their creditors. The first three ...

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Jefferson County Says BNY Mellon Took $584,742 From Fund - Bloomberg

04/09/12

The claims are related to a case that will be heard April 11 in bankruptcy court where BNY Mellon, the trustee for Jefferson County’s sewer bondholders, is seeking to force the county to turn over all sewer revenue except for the money needed ...

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Dodgers Bankruptcy Case Is Back On Track, Says Team - Worldnews.com

04/09/12

Often known by its initials, LA, and nicknamed the City of Angels, Los Angeles is a world center of business, international trade, entertainment, culture, media, fashion, science, technology, and education. It is home to renowned institutions ...

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Trustee seeks to hire an accountant for bankrupt Lebanon Township First Aid Squad - NJ.com

04/09/12

The suit was dismissed after the squad filed for bankruptcy. That happened six months after the Township Committee voted 3-2 on July 7, 2010, to adopt an ordinance that named the township’s fire department as the first responder for medical emergencies.

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Warren Sapp Files For Bankruptcy, Sad Trend For Athletes - CRAVE ONLINE

04/09/12

He currently owes more than $6.7 million to creditors and back child support and alimony, according to a Chapter 7 bankruptcy filing in South Florida. The court documents detail Sapp’s $6.45 million in assets which include nearly $6,500 worth of Jordan ...

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U.S. walks dangerous line to support Argentina in bond cases - Reuters Blogs

04/09/12

These are, after all, hedge funds that buy up bonds in or near default, typically at a steep discount, in the hope they’ll be able to boost the value of the debt through the bankruptcy process or litigation in U.S. courts. Right now, for instance ...

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Pay hikes reversed for 8 Hostess executives - AP - msnbc.com

04/09/12

Hostess Brands Inc. said Monday that eight executives who received pay hikes of up to 80 percent last summer before the company filed for Chapter 11 bankruptcy reorganization have agreed to sharp reductions in their salaries. The maker of Ding Dongs and ...

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