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Latest Local News

Bankruptcy court drops the bar on hotel property values - Inside Tucson Business
Fri, 27 Jan 2012 21:16:09 GMT

Bankruptcy court drops the bar on hotel property values
Inside Tucson Business
US Bankruptcy Court Judge Eileen Hollowell on Jan. 18 approved plans for the Westin La Paloma Resort and Spa and a companion property, the Westin Hilton Head Island Resort in South Carolina, to emerge from Chapter 11 bankruptcy that, among other things ...

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BANKRUPTCY WEEK AHEAD: Court To Consider Hostess Brands Financing - Wall Street Journal
Fri, 27 Jan 2012 16:17:47 GMT

San Mateo Daily Journal

BANKRUPTCY WEEK AHEAD: Court To Consider Hostess Brands Financing
Wall Street Journal
By Jacqueline Palank Of DOW JONES DAILY BANKRUPTCY REVIEW Hostess Brands Inc., which bakes Wonder Bread and Twinkies, will be looking for dough in bankruptcy court next week. Up for the Manhattan bankruptcy court's approval at a Thursday hearing is ...
Hostess asks court to trim its obligations to unions, saying it's the only way ...Washington Post

all 94 news articles »

The CEO Bankruptcy Bonus - Wall Street Journal
Fri, 27 Jan 2012 22:13:33 GMT

The CEO Bankruptcy Bonus
Wall Street Journal
By MIKE SPECTOR And TOM MCGINTY On the way to bankruptcy court, Lear Corp., a car-parts supplier, closed 28 factories, cut more than 20000 jobs and wiped out shareholders. As companies struggle through bankruptcy court, many still pay significant ...
US CEO pay reaches new heightsWorld Socialist Web Site

all 2 news articles »

Former NFL Player Says Ex-UGA Coach Duped Him - ABC News
Fri, 27 Jan 2012 19:57:25 GMT

ABC News

Former NFL Player Says Ex-UGA Coach Duped Him
ABC News
Jim Donnan convinced Bell to invest the money in GLC Limited, a liquidation company that would buy appliances and furniture for resale, according to documents filed last month in US Bankruptcy Court by Bell's lawyers. Bell's attorneys say Donnan, ...

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American retiree group asks bankruptcy court to create retiree committee - Fort Worth Star Telegram (blog)
Fri, 27 Jan 2012 19:59:24 GMT

Bloomberg

American retiree group asks bankruptcy court to create retiree committee
Fort Worth Star Telegram (blog)
The newly formed AMR Retirees Pension Protection Corp. has asked the bankruptcy judge to appoint an official retiree committee to protect American Airlines' retiree interests. In a filing made on Friday, the group said it was formed shortly after AMR ...
AMR Retirees Seek Bankruptcy VoiceWall Street Journal
American Airlines' Hiring of Bankruptcy Advisers Put on HoldBusinessWeek
AMR gets OK to dump 9 more aircraft leasesChicago Tribune
LoanSafe -Tulsa World
all 103 news articles »

Ener1 Wins Court Approval of $13.5 Million in Funding for Bankruptcy Case - Bloomberg
Fri, 27 Jan 2012 18:52:26 GMT

Politico

Ener1 Wins Court Approval of $13.5 Million in Funding for Bankruptcy Case
Bloomberg
Ener1 Inc. (HEVVQ), a maker of lithium-ion car batteries that filed for bankruptcy yesterday, won interim court approval to borrow $13.5 million to finance operations during its reorganization. The company had sought permission to take $20 million from ...
Ener1, a DOE aid case, in bankruptcy courtPolitico
Battery maker Ener1 looks to restructure in bankruptcy courtGigaOm
Battery Maker Ener1 Seeks Chapter 11 ProtectionWall Street Journal (blog)
EnergyBoom -Reuters
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Fewer bankruptcy filings no cause for celebration - Post-Tribune
Fri, 27 Jan 2012 22:32:15 GMT

Fewer bankruptcy filings no cause for celebration
Post-Tribune
“If nothing else, I think it's a lull before the storm,” Kenneth Manning, a local US bankruptcy trustee for Chapter 7 filings. The US Bankruptcy Court in Hammond saw 4909 total bankruptcy filings in 2011, according to data from the court.

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Shreveport Police Officer Indicted For Bankruptcy Fraud - KTBS
Sat, 28 Jan 2012 00:31:42 GMT

Shreveport Police Officer Indicted For Bankruptcy Fraud
KTBS
Willis' bankruptcy case was filed in the US Bankruptcy Court in Shreveport in 2009. The indictment named Willis in a five-count indictment charging one count of concealment of assets from creditors and the United States Trustee, two counts of making ...
SPD officer indicted for bankruptcy fraudBayoubuzz
Shreveport officer placed on leave following indictmentShreveport Times

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New Peril for Windrush? School Must Close, Bank Tells Court - Patch.com
Fri, 27 Jan 2012 09:47:04 GMT

Moneycontrol.com

New Peril for Windrush? School Must Close, Bank Tells Court
Patch.com
Wells Fargo Bank has asked the US Bankruptcy Court to order the shutdown of El Cerrito's Windrush School, on the grounds that the debt-ridden school failed to meet reporting requirements for remaining open this school year.
Old mortgages rise from the dead, haunt homeownersReuters

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Retirees may find their benefits targeted for cuts - Wall Street Journal
Fri, 27 Jan 2012 22:13:48 GMT

Retirees may find their benefits targeted for cuts
Wall Street Journal
For example, it would like for retirees to be given automatic status on bankruptcy committees — which are set up to help guide the bankruptcy court through the reorganization process. A company's largest creditors usually sit on the committee and a ...

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