News

Analysis: Shippers make U.S. the port of call for bankruptcy - msnbc.com

04/03/12

Marco Polo has not been alone in seeking Chapter 11 protection in the United States. Other shipping companies, struggling with an oversupply of vessels and weak demand, also have filed for bankruptcy here, thanks to U.S. legal provisions that help ...

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Analysis: Shippers make U.S. the port of call for bankruptcy - Reuters

04/03/12

Marco Polo has not been alone in seeking Chapter 11 protection in the United States. Other shipping companies, struggling with an oversupply of vessels and weak demand, also have filed for bankruptcy here, thanks to U.S. legal provisions that ...

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Valvoline oil change franchise files Chapter 11 - Worldnews.com

04/03/12

At the 2010 Census there were 595,833 people residing in Milwaukee, a decrease of -0.4%, since 2000. As of the 2000 census, the city had a population of 596,974. As of 2000, there were 232,188 households, and 135,133 families residing in the city.

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Judge rejects proposed Bujak bankruptcy settlement - NWCN

04/03/12

The Idaho Press-Tribune reports Judge Jim Pappas denied the deal Tuesday, saying litigation would be in the best interest of creditors owed money in the bankruptcy. Bujak resigned in September 2010 amid allegations that he mishandled money from ...

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Judge asked to move over 400 Madoff suits - Crain's New York Business

04/03/12

He said district courts are the proper venue for some of the claims lodged by Mr. Picard because they don't involve only bankruptcy law. The transfer of cases may undercut U.S. Bankruptcy Judge Burton Lifland's power to reverse some fraudulent ...

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Bankruptcy filing tied to flap over beef additive - Omaha World-Herald

04/03/12

NEW YORK (AP) — Ground beef processor AFA Foods said Monday that it is filing for Chapter 11 bankruptcy protection and selling its assets after the public outcry over a beef filler derailed its efforts to save its already struggling business.

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Huntington on hook for $72M in alleged Ponzi scheme, Michigan judge rules - The Business Journal

04/03/12

who will conduct an independent review of the factual findings and legal conclusions of the bankruptcy court,” she said. “Given this matter is part of ongoing litigation, we cannot provide further comment at this time.” Adrian Burns covers ...

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Calif city takes solar firm's bankruptcy in stride - Associated Press

04/03/12

Blythe plant developer Solar Trust of America sought Chapter 11 bankruptcy protection in a Delaware court on Monday because the Oakland-based firm was unable to meet a deadline for an Energy Department loan guarantee. Solar Trust listed assets ...

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Meat Producer AFA Foods Files for Bankruptcy After 'Pink Slime' Publicity - Forbes

04/03/12

In its petition in U.S. Bankruptcy Court in Delaware, AFA listed assets of $219.6 million and debts of $197.3 million. Last year’s revenue, it said, was $958 million, The Times reported. A spokesman said the company would address its filing on ...

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Judge: Litigation against county in best interest of Bujak creditors - Idaho Press-Tribune

04/03/12

Pappas said the settlement is not in the best interest of the unsecured creditors, or those owed money to, in the bankruptcy. He said it would be in the creditors best interest to proceed with the litigation against the county. Last July the ...

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