Bankruptcy News

THE court examining broke developer Sean Dunne's bid for bankruptcy in the US has set a date to hear Ulster Bank's request to stop the proceedings.

Cherry Hill's Woodcrest Country Club was auctioned off Monday to a Marlton real estate group that bid $10.1 million for the historic golf course - nearly $4 million more than its appraised value, according to Camden County officials.

With a major ruling in Patriot Coal Corp.'s bankruptcy due within about a week, the United Mine Workers of America are planning a rally for 10 a.m. Tuesday starting at Keiner Plaza downtown, with participants marching to the U.S. Bankruptcy Court on 10th Street.

Not only has Sinbad gone bankrupt, but he's also facing a whole lot of debt. The comedian filed for Chapter 13 in April and claims he owes $8.3 million to the IRS for taxes from 1998 to 2006.

"Bankruptcy is not a viable option because primarily we have very little debt," said Flint emergency manager Ed Kurtz said, adding that it's a four to eight year process that would cost between $10 and 18 million.

Of the 21 law firms on the list of Central Florida's largest bankruptcy law firms, only eight of them experienced a decline in the number of Central Florida bankruptcy cases.

Monday's court hearing resolved minor outstanding issues following the sale of most of the company's assets to the U.S. arm of Chinese auto parts conglomerate Wanxiang Group Corp.

CalPERS is trying to ban a law firm from representing a creditor in the bankruptcy of the city of San Bernardino.

Hoboken411 reader Adam clued us into this, and wanted current and future members as well as the general public to know about it, "so they can make an educated decision about joining this facility.

"We're running around the clock," said Nicholas Maiale, second-generation owner of Inserts East Inc.

NY Governor Nelson Rockefeller was said by some to have an "edifice complex". He was also a man used to getting what he wanted, when he wanted it.

Bond restructurings, negotiated settlements with bondholders and bond insurers, and tough talk with unionized workers are on the agenda as Detroit's emergency financial manager tries to meet a self-imposed, six-week deadline to decide whether the city can get through its financial crisis without a bankruptcy filing.

The bank has claimed that Mr Dunne filed for bankruptcy in the US to avoid the application of Irish law to an Irish citizen for debts and obligations accumulated in Ireland.

The iconic Industrial Trust Tower, knows as "The Superman building," stands in downtown Providence, R.I. The Art Deco-style skyscraper, the tallest in the state, lost its last tenant when the bank's lease expired in April.

In Harrisburg, Pennsylvania's cash-hungry capital city, local political battles are waged much as they are across the United States: with big personalities and bare-knuckled verbal brawls.

Filing bankruptcy does mean that your life involving the use of credit has to be put on hold.

Debt consolidation can be a good way for some consumers to pay off their debts without having to file for bankruptcy .

A new air scubber for the city's incinerator should arrive in about a week, Mayor Leo Fontaine said in a phone interview Wednesday afternoon.

From left, San Jose State University students Benjamin Lee, Brian Ha and Evan Kashi work on their class homework in the EE98 Introduction to Circuits class taught by Professor Khosrow Ghadiri, at San Jose State University in San Jose, Calif.

On Friday May 17, 2013 the United Sates Bankruptcy Court in the Eastern District of New York announced a " Ceremony in Honor of the Retirement of the Honorable Jerome Feller " and "On Tuesday, June 11, 2013 at 4:30 p.m. there will be a celebration." One could hear the imaginary cheer across the district from homeowners and their advocates who have ... (more)