Putin's Name No Insurance From Bankruptcy
Wed, 11 Jan 2012 07:54:17 -0800

By Olga Razumovskaya As Russian Prime Minister Vladimir Putin faces the strongest political opposition in a while, a distributor of a vodka brand with a very similar name is facing bankruptcy . Vinexim, which distributes vodka under brands like Putinka, ...

Iowa bankruptcies decline; trouble may not be over
Mon, 09 Jan 2012 02:05:27 -0800

He built 10 to 15 homes a year before filing for bankruptcy in 2011. Cooper ran into financial trouble when three home sales fell through. All the money I made over the last 10 years was gone. I lost everything. Even though Iowa bankruptcies tumbled ...

Southern Montana Co-op Members Rage Against Bankruptcy Attorney
Mon, 09 Jan 2012 13:10:03 -0800

By Stephanie Gleason The battle to unseat Jon Doak as bankruptcy attorney for Southern Montana Electric Generation and Transmission Cooperative Inc. continued Friday, with a creditor in the case and member of the Southern Montana co-op claiming it's ...

Vitro, Jefferson County, Borders, AMR, Colonial: Bankruptcy
Mon, 09 Jan 2012 07:08:28 -0800

(This report contains items about companies both in bankruptcy and not in bankruptcy . Updates AMR; adds Colonial Banc Group in Updates; Jesco Construction in New Filings; Annie sez-Mandee in Watch List; section on Daily Podcast, and MF Global in Briefly ...

Whatcom bankruptcies slowing, but financial stress remains
Tue, 10 Jan 2012 00:04:04 -0800

Bankruptcies finally started slowing down in Whatcom County last year, but families continue to deal with financial stress. Last year, 743 bankruptcies were filed by Whatcom County residents, down 8 percent from 2010 and down 6.7 percent from 2009, ...

Center Stage files for bankruptcy
Wed, 11 Jan 2012 02:09:08 -0800

DOTHAN -- Authorities said the corporation that operates the Center Stage Alabama entertainment complex has filed for chapter 11 bankruptcy to help organize its $68 million debt. The Dothan Eagle reported that the bankruptcy filing was made Monday by ...

Judge approves accords in Central Falls bankruptcy
Tue, 10 Jan 2012 07:35:40 -0800

Central falls, RI A federal bankruptcy judge has approved new contracts hashed out outside of bankruptcy proceedings between the state-appointed receiver who runs Central Falls and the city's municipal workers. US Bankruptcy Judge Frank Bailey on ...

Marchionne steers Chrysler from battlefield, out of bankruptcy
Sun, 08 Jan 2012 05:09:02 -0800

Chrysler's rise from the ashes of its 2009 bankruptcy has happened faster than even the demanding CEO expected. "If I told you I expected anything better than this, I'd be lying through my teeth," he said. Sales in the US soared 26% in 2011, ...

Hostess preparing for chapter 11 bankruptcy
Tue, 10 Jan 2012 15:25:23 -0800

Hostess is getting ready to file for chapter 11 bankruptcy blaming high labor costs and rising prices of sugar and flower for putting the company in debt, farmers are suing former New Jersey Governor Jon Corzine for fraud, and TV networks fight the FCC ...

Harrisburg bankruptcy filing has already cost taxpayers $380K in legal fees
Mon, 09 Jan 2012 06:39:36 -0800

By eric veronikis, The Patriot-News The fight over Harrisburg's bankruptcy filing has cost taxpayers $38000 since the battle began at the end of September. An end to the fees isn't in sight as City Council appeals two court decisions preventing the ...

Fitch: 2011 Personal Bankruptcy Filings Down First Time In 4 Years
Wed, 11 Jan 2012 10:15:17 -0800

Personal bankruptcy filings declined in 2011 for the first time in four years, as economic conditions marginally improved and consumers reined in spending, Fitch Ratings said. Filings declined 12% to 1.35 million from the year earlier, beating Fitch's ...

AMR to End New Delhi Flights as First Cities Cut in Bankruptcy
Mon, 09 Jan 2012 14:03:25 -0800

s American Airlines will end unprofitable service to New Delhi as the carrier begins trimming routes in bankruptcy and said it will cut 150 airport jobs because of previous changes in operations. Flights between Chicago and New Delhi will end March 1, ...

Advantages to declaring bankruptcy abroad
Tue, 10 Jan 2012 16:21:21 -0800

Sean quinn'S travails in the Belfast courts have thrown the issue of bankruptcy into the public domain. The core difference between the UK and Irish system is that while in England, Wales and Northern Ireland (Scotland has a separate system) a person ...

Mastro bankruptcy trustee sets payments to creditors in motion
Mon, 09 Jan 2012 15:29:04 -0800

Each of Michael Mastro's creditors would get only slightly more than 1 percent of the sum they invested with the longtime Seattle real-estate developer and lender in a bankruptcy trustee plan. By Eric Pryne I have a hard time believing that in todays ...

Understanding Bankruptcies As An Investor
Tue, 10 Jan 2012 23:43:31 -0800

Now, from these comments it has also come to my attention that bankruptcies are very badly understood, leading to ill-informed trades, some of which might well account for the pattern I described. This article is thus to address some of the most often ...

Why bankruptcy isn't a brand killer
Wed, 11 Jan 2012 12:44:12 -0800

NEW YORK (CNNMoney) -- Neither bankruptcy nor a liquidation can kill iconic brands. Before the ink was even dry on Hostess Brands' bankruptcy filing Wednesday morning, interested buyers were already digging into the potential value of the Hostess name ...

Tribune Judge Sets May Hearing for Final Bankruptcy Fight
Wed, 11 Jan 2012 11:21:22 -0800

11 (Bloomberg) -- Tribune Co. should face its final court fight over its bankruptcy -exit plan in May, the judge overseeing the reorganization of the media company said. US Bankruptcy Judge Kevin Carey today asked the company and the hedge funds backing ...

Twinkie-Maker Files For Bankruptcy Protection
Wed, 11 Jan 2012 02:42:21 -0800

Hostess Brands, which also makes Wonder Bread, Ding Dongs and more, has filed for Chapter 11 bankruptcy protection. Despite a previous bankruptcy process only a few years ago, Hostess was unable to agree with unions on reducing pension and other labor ...

Bankruptcy no longer crime under draft law
Wed, 11 Jan 2012 12:01:31 -0800

By Deena Kamel Yousef, Staff Reporter Dubai: New UAE federal bankruptcy legislation aimed at decriminalising insolvency and eliminating the stigma attached to it could become a law in a matter of months, according one of the firms that worked on the ...

Kodak restructures amid bankruptcy battle
Tue, 10 Jan 2012 09:10:00 -0800

Washington us photography giant Eastman Kodak, fighting to keep bankruptcy at bay, announced Tuesday a major restructuring to speed up its transformation into a digital company. Kodak said it had reduced three segments into two on January 1: one ...