News

Bankruptcy filings fall 15.6% in NEPA - Scranton Times-Tribune

04/09/12

New case filings in U.S. Bankruptcy Court for the Middle District of Pennsylvania decreased by 19 percent in the first quarter, compared to the same 2011 period. The January-to-March decline represents the fifth consecutive quarterly drop in new ...

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Westchester County Legislator Perez's debts discharged by court - LoHud.com

04/09/12

but on Friday Perez said her bankruptcy filing was never about her ability to manage her personal finances. She said it instead related to her decision to buy a three-family home at 158 Beech St. in Yonkers. Perez, whose base pay as a county ...

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Yavapai Downs $3.25M bankruptcy sale vetoed by feds - AZCentral.com

04/09/12

PRESCOTT -- The federal government has vetoed the $3.25 million bankruptcy auction sale of the Yavapai Downs ... The USDA has final say in the sale because it holds $14.7 million in loans on the track facilities in Prescott Valley.

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Parties in Philadelphia media sale well-acquainted - Pittsburgh Post-Gazette

04/09/12

Kassner, represented creditor Citizens Bank when the newspapers were in bankruptcy in 2009 and 2010. In last week's sale, the firm represented the group of private equity companies that has owned the company since it emerged from bankruptcy. Dilworth ...

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Massachusetts Chapter 11 bankruptcy filings rise, paradoxically signals economic upturn - Union-News & Sunday Republican

04/09/12

“Bankruptcy is a paradox,” said Alex Mattera, a partner specializing in bankruptcy at Demeo & Associates. “When times are really bad, Chapter 7 consumer filings are up, but Chapter 11 business filings are down. When the consumer filings go ...

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Yavapai Downs $3.25M bankruptcy sale vetoed by feds - AZCentral.com

04/08/12

PRESCOTT -- The federal government has vetoed the $3.25 million bankruptcy auction sale of the Yavapai Downs horse-racing track. The United States Department of Agriculture filed documents late Friday rejecting the winning bid from Gary Miller ...

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Former NFL Star Warren Sapp Files For Bankruptcy - Vibe

04/08/12

Being broke is a joke that's not funny. Former NFL star defensive tackle Warren Sapp has filed for Chapter 7 bankruptcy in South Florida. Sapp has dug himself into a deep hole financially, owing more than $6.7 million to creditors, back child support and alimony.

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Former Bucs star Warren Sapp files for bankruptcy - Florida Today

04/08/12

according to a Chapter 7 bankruptcy filing in South Florida. Sapp's $6.45 million in assets includes 240 pairs of Jordan athletic shoes worth almost $6,500, a $2,250 watch and a lion skin rug worth $1,200. He also reported losing his 2002 Super ...

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Rivals push merger scenario for AMR - Financial Times

04/08/12

In recent weeks AMR, the bankrupt parent of American Airlines, has made the case to its creditors, customers and employees that it should remain a standalone carrier, using Chapter 11 to restructure its operations and position itself for future success.

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Feds veto $3.25M Yavapai Downs bankruptcy sale - Arizona Daily Star

04/08/12

The federal government has vetoed the $3.25 million bankruptcy auction sale of the Yavapai Downs horse-racing track. The United States Department of Agriculture has filed documents rejecting the winning bid from Gary Miller and said it would negotiate with ...

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