Bankruptcy News

(SOURCE: Law Offices of David Giller LLC) – During these tough economic times, many homeowners are facing foreclosures on their homes. If you’ve received a foreclosure notice in the past year, you are among one of 2.5 million American homeowners [...]

LAS VEGAS, May 18, 2011  (Source: PRNewswire) – A federal bankruptcy judge today rejected the state of Montana’s attempts to force developer and Yellowstone Club founder Tim Blixseth into involuntary bankruptcy. United States Bankruptcy Judge Bruce A. Markell ruled that [...]

(Source: Bank News By Clarke, Robert L Long, Justin M ) – As holding companies with subsidiary financial institutions have faced increasing regulatory pressure, a number of strategic alternatives to alleviate capital concerns are being considered. One viable alternative may [...]

(Source: Belfast Telegraph Source: Margaret Canning) – THE number of people going bust in Northern Ireland is rocketing as the so-called ‘human recession’ takes its toll, an economist has said.

May 10 (Source: The Telegraph By Joseph G. Cote) – More than 8,000 Granite Staters should get a boost to their credit score after the state announced Monday it had reached a settlement with a bankrupt video rental chain. The [...]

May 6 (Source: Chicago Tribune By Becky Yerak) – The new owner of Chicago’s Allerton Hotel on Michigan Avenue has filed for bankruptcy, but said the boutique property will continue normal operations while it reorganizes.

May 7 (Source: The Seattle Times By Eric Pryne) – Michael R. Mastro is competent again.

HELENA, Mont. (Source: Associated Press/AP Online Matt Volz) – A trustee for bankrupt retailers Movie Gallery and Hollywood Video reached an agreement Thursday with all 50 states over how the defunct company collects late fees and other charges from its [...]

May 4 (Source: The Atlanta Journal and Constitution By Russell Grantham) – Last month, Hattie McKinney sued a collection agency that she said had been calling her Powder Springs home for nearly a year over a $300-plus cellphone bill that [...]

May 5 (Source: The Pittsburgh Tribune-Review By Carl Prine) – Adding mystery to the legal saga of convicted swindler Michael Carlow and his Upper St. Clair housemate Elizabeth Jones are air pollution credits traded in October to a Virginia utility [...]

(Source: News Sentinel By Ed Marcum) – Berkline/BenchCraft Holdings LLC, which recently announced the closing of its furniture manufacturing operation in Morristown, Tenn., and the layoffs of more than 600 employees, has filed for Chapter 11 bankruptcy protection while it [...]

May 3 (Source: The Miami Herald By Douglas Hanks) -Personal and business bankruptcies dropped in South Florida last month, despite more than 2,000 new petitions filed.

(Source: The New York Post By Mark Decambre; Joshn Kosman) – After recovering some $8 billion in ill-gotten gains, the bankruptcy trustee for victims of Bernie Madoff’s massive fraud may find clawing back nearly $20 billion more from the owners [...]

(Source: Reason By de Rugy) – The so states, as we have seen recently in Wisconsin and elsewhere, are in serious fiscal trouble. Total state debt is estimated at more than $i trillion, and that doesn’t include another $3 trillion [...]

May 2 (Source: The Honolulu Star-Advertiser) – The number of bankruptcy filings in Hawaii fell in April for the fourth time in the past five months, according to data released today by U.S. Bankruptcy Court.

April 30-(Source: The Oregonian By Laura Gunderson) – A group of companies owed money by Harry & David Holdings is calling foul.

April 30–ALBANY -(Source: Times Union By Larry Rulison) – Ordway Research Institute in Albany, which has been stricken with financial troubles, has filed for Chapter 11 bankruptcy protection.

DETROIT (Source: Associated Press/AP Online) – Chrysler has turned its first profit since leaving bankruptcy, helped by stronger sales of vehicles like the Jeep Grand Cherokee.

(Source: The New York Post By David K Li) – Lenny Dykstra might get nailed again – this time for a sleazy, naked job interview he allegedly conducted with a housekeeping applicant.

(Source: .independent.ie By Emmet Oliver) – FITCH, one of three main global ratings agencies, plans to do a “loan-by-loan” analysis of mortgage arrears as it grows concerned over the number of borrowers defaulting. The agency also wants to study more [...]