News Topic: Uncategorized

Cash-strapped Swedish car maker Saab Automobile declared itself bankrupt Monday, nine months after halting production due to a lack of funds. Read The Wall Street Journal story here . ... Read full article

Oil-and-gas company Delta Petroleum Corp. filed for Chapter 11 protection with $57.5 million in bankruptcy financing lined up to fund its continued operations. Read the Daily Bankruptcy Review story here . ... Read full article

The trustee of defunct mortgage lender Thornburg Mortgage Inc.is renewing his attack against some of the biggest players on Wall Street’s mortgage-finance assembly line—including affiliates of J.P. Morgan Chase & Co., Citigroup Inc. and Credit Suisse ... Read full article

Washington Mutual Inc. unveiled a new proposed settlement with shareholders who have held up confirmation of its Chapter 11 plan and a $7 billion payday for creditors. Read the Daily Bankruptcy Review story here . ... Read full article

RoomStore Inc. filed for Chapter 11 protection Monday with plans to get leaner, but it’s not the furniture and bedding retailer’s first brush with bankruptcy. RoomStore, whose slogan is “We Don’t Cut Corners. We Cut Prices,” went into Chapter 11 along ... Read full article

A bankruptcy judge Thursday said he would allow the Los Angeles Dodgers to market rights to broadcast their games from 2014 on, over the protest of Fox Sports, the current broadcaster, which said the sale plan threatens to damage its business. Read the ... Read full article

For Bill’s Gay Nineties in midtown Manhattan, the taps may finally have run dry. “The original New York speakeasy” boasts four generations of customers who’ve enjoyed its hooch, even when the stuff was illegal. It claimed to be “unchanged and unspoiled” ... Read full article

Getty Images Lehman Brothers Holdings Inc. ... Read full article

Some 95% of creditors of Lehman Brothers Holdings Inc. and its affiliates overwhelmingly approved its latest reorganization proposal, bringing the failed investment bank a step closer to paying back some of what it owes. Read the story here in the Daily ... Read full article

Mortgage insurer PMI Group Inc. filed for Chapter 11 bankruptcy protection Wednesday after an Arizona judge rejected its bid to overturn the October seizure of its mortgage-insurance unit by state regulators. Read the Daily Bankruptcy Review story here . ... Read full article

Medicis Pharmaceutical Corp. won bankruptcy court approval Tuesday to close on the $455 million acquisition of Graceway Pharmaceuticals LLC, after a fight with an advertising agency that claimed its intellectual property was caught up in the deal. Read ... Read full article

Associated Press Tribune is seeking bankruptcy-court approval to pay former chief executive Randy Michaels a $675,000 bonus. The Internet is abuzz with the news that ne ... Read full article

Getty Images Auction ringman Harlan Powers relays a bid during an earlier government run auction, in June 2010, of convicted Ponzi schemer Scott Rothstein’s cars and boats in Fort Lauderdale, F ... Read full article

Public Service Enterprise Group Inc. wants Dynegy Inc.’s Chapter 11 bankruptcy case dismissed, saying the power provider has “fraudulently and without good faith manufactured an artificial insolvency.” Read the Daily Bankruptcy Review story here . ... Read full article

Associated Press Well-heeled real-estate buyers aren’t the only folks unhappy about their delayed move into the defunct Manhattan condominium project ... Read full article

Where’s the beef, you ask? Well, according to the bankruptcy court, it’ll be on the auction block next month. ... Read full article

Associated Press Toni Braxton’s heart is definitely “unbroken” when it comes to her bankruptcy case, in which most of her ... Read full article

It’s not “All or Nothing” in boy-band creator Louis J. Pearlman’s bankruptcy. That’s because Pearlman’s bankruptcy trustee has settled with MTV in a legal battle over the network’s “Making the Band,” which spawned the boy band O-Town and its (only) No. 1 ... Read full article