News

Glendale mayor: NHL held city 'hostage' over Coyotes sale - AZCentral.com

04/03/12

A possible sales-tax hike, furloughs and program cuts are on the table to close the spending gap. The city and NHL began working together even before former Coyotes owner Jerry Moyes filed the team into bankruptcy three years ago. The city ...

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Bankruptcy fees and expenses pass $28 million for AMR and American Airlines - Dallas Morning News (blog)

04/03/12

Check the "Delete browsing history on exit" box. Select "OK." If you are using Internet Explorer 7, make sure Phishing Filter is turned off by going to Tools / Phishing Filter / Turn Off Automatic Website Checking. If you are using Internet Explorer 8 ...

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Atty Says 'Pink Slime' Maker's Sale May Not Cover Debt - site.law360.com

04/03/12

Law360, Wilmington (April 03, 2012, 7:00 PM ET) -- AFA Foods Inc., which blamed its bankruptcy on the "pink slime" beef filler controversy, doubts that the sale of its businesses will be sufficient to pay off the company’s secured debt, an attorney for ...

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Judge rejects proposed Bujak bankruptcy settlement - msnbc.com

04/03/12

Bujak resigned in September 2010 amid allegations that he mishandled money from a contract to prosecute misdemeanor cases in the city of Nampa. Bujak sought bankruptcy protection later that year. Under the proposed settlement, Canyon County would have paid ...

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elumicor set to emerge from bankruptcy - MySanAntonio

04/03/12

It reported its liabilities as $1.2 million as of last May. Financial reports filed in the bankruptcy case show elumicor generated less than $3,000 in revenue and posted a net loss of nearly $583,000 in the four months from November to February.

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Brunner project bought by bank in sheriff's sale - Milwaukee Journal Sentinel

04/03/12

Brunner has blamed collapse of that project for forcing him into bankruptcy. Coincidentally, the foreclosed center was sold in a sheriff’s sale that was finalized one day after U.S. Bankruptcy Judge James Shapiro threw out Brunner's petition ...

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Providence Cuts Off Adviser Citing Bankruptcy Comments - Bloomberg

04/03/12

Providence also had hired his firm to make use of its experience with municipal bankruptcy, Flanders said. He has said that the Chapter 9 filing by Central Falls, the state’s smallest city with about 18,000 residents, provided “a tremendous ...

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Burger Maker AFA Being Herded to the Auction Block - Wall Street Journal

04/03/12

AFA plans to walk into a bankruptcy auction, probably without an opening bidder, and close a deal within three months, Keller said. “Mid-June? Is that what we’re talking about? End of June for the sale to be complete? Is that what we’re ...

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Willard Cos. buys 2 stalled Smith Mountain lake developments - Roanoke Times

04/03/12

The sale closed Friday at a combined price of $5.6 million, Finley said. Plans for Bridgewater Pointe included two 48-unit towers, but only one tower was completed before developers Bridgewater Pointe Partners filed for Chapter 11 bankruptcy protection in ...

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AFA Foods Bankruptcy Sale Won’t Cover Debt, Lawyer Says - Bloomberg

04/03/12

AFA Foods, the beef processor that filed for bankruptcy citing media coverage of a “pink slime” meat additive, probably won’t be able to repay senior creditors owed $138.1 million, a company lawyer said in court. A plan to sell the company ...

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