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Bankruptcy News

News on Bankruptcy continually updated from thousands of sources around the net.

58 min ago | KFSH-FM Glendale

Is Bankruptcy Ever Okay?

With many people still struggling to find work, bankruptcy filings continue to grow.

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Related Topix: Economics News

Thu Aug 28, 2014

CBC News

Frank Anderson pleads guilty to forged document charge

An audit firm hired by the Nova Scotia government found serious deficiencies at the South West Shore Development Authority.

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Related Topix: Economics News

Detroit News

Judge rejects Detroit creditor's attack on mediators, may issue sanctions

U.S. Bankruptcy Judge Steven Rhodes on Thursday tossed out a city bond insurer's blistering 'personal attack' on Detroit's chief bankruptcy mediator and ordered the creditor's attorneys to prove why they shouldn't face professional sanctions.

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Related Topix: Economics News

KTVN Reno

Morrison University Faces Possible Closure Due to Bankruptcy

Students are coming to grips with the idea that their college may be closing and some are just a few weeks away from graduating.

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Related Topix: Economics News

YourErie

Former Teletron Building Sold in US Bankruptcy Court

August 28, 2104 - The former Telatron property on West 38th Street in Erie has a new owner after it was sold today in federal bankruptcy court.

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Related Topix: Economics News

Manufacturing.net

Indiana Ethanol Plant Restarts After 2012 Shutdown

An energy company has resumed production at an ethanol plant in Indiana along the Ohio River that was shut down more than two years ago by its previous owner.

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Related Topix: Indiana, Mount Vernon, IN, Linden, IN, Economics News

Business Journal

FPL parent NextEra to bid on bankrupt Texas energy company

NextEra Energy plans to bid on a bankrupt Texas energy company, according to documents filed in federal court Tuesday.

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Related Topix: Economics News, Energy, FPL Group, Florida Power and Light, NextEra Energy Resources, Juno Beach, FL

SFGate

Judge to consider key part of sex-abuse settlement

The Roman Catholic Diocese of Helena is asking a judge to approve an agreement with its insurers that would provide the bulk of the funding for a proposed settlement with hundreds of people who say they were sexually abused by clergy.

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Related Topix: Roman Catholic Church, Religion, Montana, Economics News

Truthdig

Colonization by Bankruptcy: High-Stakes Chess for Argentina

If Argentina were in a high-stakes chess match, the country's actions this week would be the equivalent of flipping over all the pieces on the board.

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Related Topix: Economics News, US News, Liberal Political News

Detroit News

Detroit secures up to $275M in financing from Barclays

The city secured up to $275 million in financing - money that will help bankroll Detroit's restructuring if the city successfully emerges from bankruptcy court and pay off debts.

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Related Topix: Detroit, MI, Investment Banking, Financial Services, Barclays Capital, Economics News

Automotive News

Court rejects creditor protection for Saab owner NEVS

A Swedish court rejected an application from China's National Electric Vehicle Sweden , which bought bankrupt Saab in 2012, for protection against creditors while it concludes funding talks.

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Related Topix: Economics News, Autos

TheStreet.com

RadioShack Weighs Options Including Refinancing, Bankruptcy

The desired endgame is a refinancing, sources familiar with the situation said, even as bankruptcy is being weighed.

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Related Topix: Economics News, Business News

TheStreet.com

RadioShack Weighs Options Including Refinancing, Bankruptcy

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Related Topix: Economics News, Mozilla

Philly.com

Another Revel issue: The fate of its $129 million utility plant

Among the thorny issues surrounding the shutdown of Revel at the end of Labor Day weekend is the fate of the $129 million utility plant that heats and cools the massive money-losing Atlantic City casino-hotel and is crucial to preserving the building itself.

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Related Topix: Economics News, Energy, South Jersey Industries, Travel

Wed Aug 27, 2014

Independent.ie

US court told of plans by creditors to block Dunne's bankruptcy withdrawal bid

A US Judge will decide next month if bust developer Sean Dunne gets to withdraw from bankruptcy proceedings in America.

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Related Topix: Economics News

PennLive.com

Capitol View Commerce Center shooting for October opening

There are no more floors gaping open with exposed steel girders in the office building at Cameron and Herr streets.

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Related Topix: Economics News, Northumberland County, PA

Reuters

PwC must face $1 billion lawsuit over MF Global advice

A federal judge on Wednesday ordered PricewaterhouseCoopers to face a $1 billion lawsuit claiming that its bad accounting advice was a substantial cause of the October 2011 bankruptcy of MF Global Holdings Ltd, a brokerage run by former New Jersey Governor Jon Corzine.

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Related Topix: Banking, Reserve Bank of Australia, Financial Services, PricewaterhouseCoopers, Accounting, Economics News, Jon Corzine, US Governors

Home

Will Demoulas saga's next chapter involve bankruptcy?

With each day that goes by without a sale or resolution that brings workers and customers back to Market Basket, the chain keeps getting closer to a point when it can no longer stay open.

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Related Topix: Economics News, UMass Lowell

El Paso Times

FBI raids Anamarc College

FBI agents arrived shortly after 6:30 a.m. at the Anamarc College campus at 3210 Dyer Street.

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Related Topix: El Paso, TX, Economics News

Business Journal

EFH asks bankruptcy court to delay bidding on Oncor

The sale of Oncor, the Dallas-based electric delivery company, could be moved to at least the beginning of 2015 after Energy Future Holdings asked a U.S. bankruptcy court in Delaware to take over the auction process.

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Related Topix: Economics News, Hunt Consolidated, Energy, Oil & Gas

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