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Bankruptcy News

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

3 hrs ago | Reuters

Trading probes on Brazil's Batista due in 2015: regulator

The results of more than a dozen investigations into market manipulation by Brazilian entrepreneur Eike Batista and current or former executives of his EBX Group, will likely be made public next year, a top regulator said.

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Related Topix: Economics News

Behind The Killcams - 2 PIECE HITMARKER

Police Fatally Shoot Another Black Male Near Ferguson

Should the U.S. Capitol Have a POW/MIA Memorial?

This Woman Looks Like She's Wearing Makeup. She's Not.

8 hrs ago | WICU12 Erie

Divers Find Body in Crawford County Lake

The body of a kayaker was found by divers this afternoon in a Crawford County lake.

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Related Topix: Crawford County, PA, Titusville, PA, Spartansburg, PA, Economics News, Conneaut Lake, PA

12 hrs ago | The Detroit News

Daniel Howes: Bankruptcy restructuring plan may test city pols

The soft opening Monday of Detroit's landmark bankruptcy trial, scheduled to begin late next week, is coming down to a simple test: Can a restructured city of Detroit, freed from $7 billion in debt, cumbersome labor contracts and bad financial decisions, do what its bankruptcy team says it can for as long as it says it can? And can the city do so ... (more)

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Related Topix: Economics News, Detroit, MI, Rick Snyder, US Governors

16 hrs ago | Silicon Alley Insider

Lehman's London Staff Win $300 Million Pensions Fight

More than 2,400 former Lehman Brothers bankers based in Britain will have their pensions paid in full after winning a six-year battle to receive their money from parts of the collapsed U.S. investment bank.

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Related Topix: Financial Services, Investment Banking, Lehman Brothers, Economics News

18 hrs ago | Home

Judge rules Cole committed fraud in Mamtek case

A federal judge has ruled that former Mamtek CEO Bruce Cole committed fraud to obtain almost $1.3 million from bond funds that were to be used to build an artificial sweetener plant in Moberly.

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Related Topix: Economics News

22 hrs ago | Denver Post

LightSquared losses since bankruptcy filing hit $1.51 billion

LightSquared lost $51.4 million in July, bringing Philip Falcone's wireless venture's total loss since its May 2012 bankruptcy filing to $1.51 billion.

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Related Topix: Economics News

Mon Aug 18, 2014

MLive.com

Lamar Construction Co.'s CEO grilled about decision to close in bankruptcy hearing

Lamar Construction Co. closed its doors on July 10 after a Fifth Third Bank executive called late that night to cancel the Hudsonville company's line of credit, Carl Blauwkamp, the company's president and CEO, testified on Monday, Aug. 18. "I didn't know what we were trying to do, but I was told that's what we had to do," said Blauwkamp of his ... (more)

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Related Topix: Economics News, Hudsonville, MI, Holland, MI

CFRA

TSB authorized Lac-Megantic locomotive's trip to U.S., where it was nearly sold

Jean Laporte, chief operating officer of the Transportation Safety Board, attends a news conference in Ottawa, Thursday, January 23, 2014.

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Related Topix: Prison, Canada, North America, World News, Economics News

Ledger-Enquirer.com

Lawyer: Revel still seeks sale, losing $1M weekly

Attorney John Cunningham said in bankruptcy court Monday that the casino is losing more than $1 million every week, The Press of Atlantic City reported.

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Related Topix: Economics News

Business Journal

Forbes Custom Cabinets of Apex files for bankruptcy

In its filing the company listed $666,325 in assets and $2.1 million in debt. The largest of the debts is about $1.3 million owed to Bank of North Carolina .

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Related Topix: Economics News, North Carolina, Small Business, Personal Finance

Detroit Free Press

Legal jockeying intensifies as Detroit bankruptcy trial approaches

Bond insurer Syncora - which could lose hundreds of millions on the city's bankruptcy - has filed motions seeking to block expert testimony that will favor the plan of adjustment.

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Related Topix: Economics News, Detroit, MI

Daily Business Review

11th Circuit Says This Prominent Attorney And Judge Acted Improperly, Reverses Bankruptcy Sale

A federal appeals court reversed the bankruptcy sale of a Deerfield Beach company and chastized a prominent Fort Lauderdale attorney for obstructing discovery.

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Related Topix: Economics News, Deerfield Beach, FL

The Fresno Bee

Irish bonds yields hit record low after upgrade

The payout on the benchmark 10-year bonds fell below 1.97 percent Monday following last weekend's one-notch upgrade by Fitch.

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Related Topix: Financial Markets, Economics News

Reuters

Momentive to face critics as bankruptcy-exit plan goes before court

Momentive Performance Materials, the quartz and silicone maker owned by Apollo Global Management, will embark Monday on a week of hotly contested hearings seeking court approval of a plan to cut $3 billion in debt and exit bankruptcy.

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Related Topix: Economics News, Waterford, NY, White Plains, NY

San Gabriel Valley Tribune

El Monte sells vintage signs after costly replacement project

EL MONTE >> What do you do when you lose $180,000 in a bad business deal with a now bankrupt company? The city could recover a fraction of what it lost last year on a project to install new street signs, through a new program to sell the old street signs to residents for $20 a pop.

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Related Topix: Economics News

Sun Aug 17, 2014

Autoblog

Official: New Saab parent NEVS: we're not totally broke

The many fans of 1987's The Princess Bride will recall Billy Crystal's Miracle Max character optimistically referring to the protagonist Westley as "mostly dead."

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Related Topix: Saab, Wagon, Hatchback, Convertible, Saab 9-3, Sedan, Comedy Movies, The Princess Bride, Adventure, Sweden, World News, Economics News

Door Reminder

Sign posted on the doors of the Wisconsin International School in De Pere.

Officials from closed private school in court Creditors are required to attend meeting, which is optional for those who are owed money Check out this story on greenbaypressgazette.com: http://gbpg.net/1oHd1Nn Officials from the Wisconsin International School will meet in federal court in Green Bay to discuss the private school's bankruptcy filing ... (more)

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Related Topix: De Pere, WI, Green Bay, WI, Economics News

Jamaica Observer

Time for Hylton to address bankruptcy laws review

DESPITE the current parliamentary break, it is about time that Minister of Industry, Investment and Commerce Anthony Hylton gives an update on what has been happening with the critical review of Jamaica's bankruptcy and insolvency legislations.

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Related Topix: Economics News

Post-gazette.com

Sisters Place, a Clairton housing complex for the needy, is undone by owner's bankruptcy

For almost two decades, Sisters Place, a nonprofit founded by religious groups that were concerned about dire economic conditions in the Mon Valley, has helped struggling single parents find an affordable place to live in a cluster of red brick rowhouses on a wooded hill in Clairton.

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Related Topix: Clairton, PA, Economics News, Non-Profit, Upper St. Clair, PA, Home, Mortgage, Personal Finance

Sofia News Agency

Steve Hanke Recommends Bankruptcy for Bulgaria's Troubled Corpbank

Steve Hanke, advisor to former President Petar Stoyanov and architect of Bulgaria's currency board system, has recommended a bankruptcy option for troubled bank KTB.

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Related Topix: Economics News, Johns Hopkins University, Bernie Madoff

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