Bankruptcy

Mortgages Ltd.'s future after bankruptcy - Arizona Republic (Bankruptcy News)

July 2nd, 2008


Mortgages Ltd.'s future after bankruptcy
Arizona Republic, AZ - Jul 1, 2008
1, 2008 11:50 AM Following are key points about some of the key players, their relationship to Mortgages Ltd. and what the company's bankruptcy could mean

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Lloyds names face bankruptcy after court loss
Times Online, UK - 4 hours ago
Individuals who invested money through Lloyds of London are facing bankruptcy after losing a court battle against the world’s oldest insurance market.
Lloyd's of London 'Names' face bankruptcy after court loss Telegraph.co.uk
all 4 news articles

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US businesses file for bankruptcy at a faster rate
International Herald Tribune, France - 1 hour ago
NEW YORK: The softening economy and the collapse of the housing market caused US businesses to file for bankruptcy protection at a higher annualized rate

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US businesses file for bankruptcy at a faster rate - International Herald Tribune (Bankruptcy News)

July 2nd, 2008


US businesses file for bankruptcy at a faster rate
International Herald Tribune, France - 1 hour ago
NEW YORK: The softening economy and the collapse of the housing market caused US businesses to file for bankruptcy protection at a higher annualized rate

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Canada.com

GM bankruptcy 'not impossible'; Canadians abandon trucks
Canada.com, Canada - 2 hours ago
The outlook came as Merrill Lynch said that bankruptcy is "not impossible" for GM as the US auto market continues to tank. The automaker will need to raise
Slumping sales cloud Big 3's prospects DetNews.com
Ford Joins Suffering Auto Industry With Huge Sales Decline Weekly Driver
June Auto Sales Near Historic Lows U.S. News Rankings & Reviews
New York Times - guardian.co.uk
all 1,580 news articles

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Chrysler Closing St. Louis Plant, Denies Bankruptcy Rumors, an
MarketWatch - 10 hours ago
Although denying rumors of impending bankruptcy, Chrysler has decided to exercise a $2 billion line of credit from their parent company, Cerberus Capital
Operating loss of $300M at Chrysler Calgary Herald
Chrysler's cutbacks another blow to Magna Globe and Mail
Chrysler Shows $300 Million Loss Through April; Plant to Close Bloomberg
guardian.co.uk - BloggingStocks
all 503 news articles

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On The Wings Of Bankruptcy - Newsweek (Bankruptcy News)

July 2nd, 2008


On The Wings Of Bankruptcy
Newsweek - 5 hours ago
By LARRY REIBSTEIN and DODY TSIANTAR | NEWSWEEK A funny thing happened after Pan Am Corp. filed for bankruptcy protection last week: nothing.

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Alvan trucking shuts doors, files papers for bankruptcy
Fort Wayne Journal Gazette, IN - 22 hours ago
After 67 years in the trucking business, Alvan Motor Freight Inc. ceased operations and filed Chapter 11 bankruptcy, affecting 21 employees at its Fort
Alvan Motor Freight to close down, file for bankruptcy WNDU-TV
(AMM) Alvan Motor Freight files for Ch. 11 protection Metalbulletin.com (subscription)
Alvan Motor Freight of Kalamazoo, MI, ceases operations Land Line Magazine
News Sentinel - KPCnews.com
all 17 news articles

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Sam Seltzer's seeks bankruptcy protection - Bizjournals.com (Bankruptcy News)

July 1st, 2008


Sam Seltzer's seeks bankruptcy protection
Bizjournals.com, NC - Jun 30, 2008
Sam Seltzer's Steak Houses of America Inc. — a no-frills restaurant chain known for its black and white cow lawn decorations — is seeking bankruptcy court

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Mortgages Ltd.'s future after bankruptcy
Arizona Republic, AZ - 2 hours ago
1, 2008 11:50 AM Following are key points about some of the key players, their relationship to Mortgages Ltd. and what the company's bankruptcy could mean

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Bankruptcy a sign of the times - MyFox Tampa Bay (Bankruptcy News)

July 1st, 2008


Bankruptcy a sign of the times
MyFox Tampa Bay, FL - 6 hours ago
TAMPA - Attorney Scott Rosin has been fielding calls non-stop from people considering bankruptcy under threat of foreclosure, or insurmountable debts.

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A day in bankruptcy court would make you sick
Indianapolis Star, United States - Jun 29, 2008
It is Friday morning at the federal courthouse in Downtown Indianapolis, and US Bankruptcy Court Trustee Gregory Silver sits behind a low table in a room on

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Woodbridge Holdings Corporation Reaches Settlement Relating to
CNNMoney.com - 20 hours ago
Pursuant to the Settlement Agreement, Woodbridge has agreed to pay to the Debtors' bankruptcy estates the sum of $12.5 million dollars plus accrued interest

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Dentist In Local 10 Investigation Files For Bankruptcy
Local10.com, FL - 56 minutes ago
MIAMI — A South Florida dentist whose patients claim refused to refund thousands of dollars in unused credit has filed for bankruptcy, leaving dozens of

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GM seeks to seize tooling from bankrupt supplier - Reuters (Bankruptcy News)

June 30th, 2008

DETROIT, June 30 (Reuters) - General Motors Corp (GM.N: Quote , Profile , Research , Stock Buzz ) has asked for court approval to seize tools from bankrupt auto parts maker Progressive Molded Products Inc, citing a potential for supply disruptions Read More

Dura Automotive Systems Inc. emerged from Chapter 11 protection Friday, making it the fourth large supplier to leave bankruptcy in the last year, just as the U.S. auto industry faces its lowest annual sales in more than a decade. Dura CEO Larry Read More

Fitch Ratings assigns an ‘A+’ to the Louisville Regional Airports Authority, Kentucky’s (the authority), approximately $37 million airport revenue bonds 2008 series A (subject to the federal alternative minimum tax), scheduled for sale July 9th Read More

Omega Healthcare Investors Inc. said Monday it is teaming with a nursing home management firm to form a new company to run 15 facilities once owned by Haven Eldercare LLC. The move is the result of another company’s decision to terminate its Read More

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Dura emerges from bankruptcy protection - Trading Markets (press release) (Bankruptcy News)

June 30th, 2008


Dura emerges from bankruptcy protection
Trading Markets (press release), CA - 11 hours ago
of driver control systems and engineered assemblies for the automotive industry, has successfully emerged from Chapter 11 bankruptcy protection.

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Bankruptcy Risk Down at Citi (C), et al, But Don't Expect Moonshot
Clusterstock, NY - 10 hours ago
For some banks–Washington Mutual (WM), for example–bankruptcy still seems a real possibility. For most however, it probably isn't.

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Alvan Motor Freight to close down, file for bankruptcy - WNDU-TV (Bankruptcy News)

June 30th, 2008


WSBT-TV

Alvan Motor Freight to close down, file for bankruptcy
WNDU-TV, IN - 7 hours ago
The president of Alvan Motor Freight says several problems led to the decision to close down. James Van Zoeren says the 87-day strike at American Axle had a
South Bend workers lose jobs in wake of company closing WSBT-TV
Family-owned business calls it quits after 67 years WOOD-TV
all 3 news articles

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Famagusta Gazette

80% of the hotels in occupied Cyprus face bankruptcy
Famagusta Gazette, Cyprus - 4 hours ago
Beydagli stated that 80% of the hotels in occupied Cyprus are on the verge of bankruptcy, while 30% of the hotels are facing the danger of distraint.

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Dura emerges from bankruptcy protection
Trading Markets (press release), CA - 40 minutes ago
of driver control systems and engineered assemblies for the automotive industry, has successfully emerged from Chapter 11 bankruptcy protection.

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Airlines have lost much of market value
Dallas Morning News, TX - 4 hours ago
The carrier, formed in September 2005 when America West Holdings Inc. merged with the previous US Airways Group and brought it out of bankruptcy protection,

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Dura emerges from bankruptcy - Detroit News (Bankruptcy News)

June 30th, 2008

ROCHESTER HILLS — Auto parts supplier Dura Automotive Systems Inc. has emerged from Chapter 11 bankruptcy protection. The Rochester Hills-based company made the announcement Friday in a press release. Dura in October 2006 filed for bankruptcy Read More

ROCHESTER HILLS, Mich. - Auto parts supplier Dura Automotive Systems Inc. has emerged from Chapter 11 bankruptcy protection. The Rochester Hills-based company made the announcement Friday in a press release. Dura in October 2006 filed for bankruptcy Read More

“The rumor is without merit. There is no basis for the rumor,” Chrysler spokesman, Dave Elshoff, was quoted as saying. It is claimed that liquidity concerns have been surrounding the company following declining sales, which accelerated in June, owing Read More

LIUYANG, CHINA — Chen Tiezhong will likely spend the Fourth of July worrying about the future of his sprawling fireworks factory. China, where fireworks were invented, is running short of ports from which to ship the dangerous cargoes abroad. China Read More

New York-based DMJ Realty has been hired to sell Linens ’n Things, one of the city’s largest retail stores, which officials said has fallen victim to a crumbling economy that is set to close by the end of July. The struggling home furnishings Read More

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Greektown Casino loan is OK’d in full - Detroit Free Press (Bankruptcy News)

June 29th, 2008

The Michigan Gaming Control Board today approved the remainder of a $150- million loan that Greektown Casino needs to finish construction of its hotel and expanded casino while in bankruptcy protection. The total loan approved by both U.S. Bankruptcy Read More

DETROIT, June 27 (Reuters) - Auto parts supplier Dura Automotive Systems Inc DRRAQ.PK said on Friday it completed its exit financing plans and has emerged from Chapter 11 bankruptcy protection. Dura, which filed for bankruptcy in October 2006 in Read More

June 27 (Bloomberg) — Bear Stearns Cos . won a trial over claims by investors seeking $141 million for losses they suffered following the collapse of Manhattan Investment Fund Ltd., a hedge fund client of the bank’s prime brokerage in the 1990s Read More

NEW YORK - Telecommunications giant WorldCom Inc. won approval Tuesday to borrow up to $1.1 billion to continue operations while it sorts out a plan to emerge from bankruptcy protection, and indicated that its financial health had improved Read More

Gas and food prices are rising, mortgage interest rates are adjusting higher, loans are harder to find and unemployment is ticking up. There’s only one place left to turn, many consumers think: credit cards. Now, instead of using credit cards for Read More

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