Archive for April, 2010

Bankruptcy Filing - Lyondell, Extended Stay, Lehman, Gems TV: Bankruptcy (Update1) - San Francisco Chronicle

Wednesday, April 28th, 2010

Lyondell, Extended Stay, Lehman, Gems TV: Bankruptcy (Update1) - San Francisco Chronicle

Lyondell, Extended Stay, Lehman, Gems TV: Bankruptcy (Update1)
San Francisco Chronicle
As recited in the three bankruptcy court filings on April 23, Lehman is responding to six claims by subsidiaries of Tokyo- based Nomura seeking $1 billion

and more »

Eliminating Credit Card Debt - How to Eliminate Your Credit Card Debt and … - BigNews.biz (press release)


BigNews.biz (press release)
Eliminating Credit Card Debt - How to Eliminate Your Credit Card Debt and
BigNews.biz (press release)
You should understand about these two types of negative effects before filing a bankruptcy. You lose all your cash and your market reputation by filing a
New Program Gives Consumers Objective Advice About Bankruptcy OptionsPR Web (press release)
Consumer Credit Card Debt Relief Programs and Plans – Low Credit Score Subprime Blogger (blog)
Freedom Debt Relief Offers Tips to Help Consumers Evaluate Legitimate Debt PR Web (press release)

all 128 news articles »

Economy Hardware files for bankruptcy protection - Boston Business Journal

Economy Hardware files for bankruptcy protection
Boston Business Journal
In its bankruptcy filing, Economy Hardware said it has between 50 and 100 creditors and between $1 million and $10 million in liabilities.

and more »

Blackstone May Join General Growth Plan, Simon Says - BusinessWeek

Blackstone May Join General Growth Plan, Simon Says
BusinessWeek
Simon Property said in a bankruptcy court filing last week that it should replace Brookfield as the stalking horse, a change that would make it the first
NYC Says General Growth Owes It $500000Wall Street Journal (blog)
Blackstone May Join General Growth Plan, Simon Says (Update1)San Francisco Chronicle

all 66 news articles »

Inside Sports Business: Mahorn’s case another sad reminder - St. Louis Globe-Democrat

Inside Sports Business: Mahorn's case another sad reminder
St. Louis Globe-Democrat
Yet, at the time of his bankruptcy filing, he claimed under less than $250000 in assets to his name. The filing states that Mahorn owes $510000 on his home

and more »

Lyondell, Extended Stay, Lehman, Gems TV: Bankruptcy (Update1) - San Francisco Chronicle

Lyondell, Extended Stay, Lehman, Gems TV: Bankruptcy (Update1)
San Francisco Chronicle
As recited in the three bankruptcy court filings on April 23, Lehman is responding to six claims by subsidiaries of Tokyo- based Nomura seeking $1 billion

and more »

Eliminating Credit Card Debt - How to Eliminate Your Credit Card Debt and … - BigNews.biz (press release)


BigNews.biz (press release)
Eliminating Credit Card Debt - How to Eliminate Your Credit Card Debt and
BigNews.biz (press release)
You should understand about these two types of negative effects before filing a bankruptcy. You lose all your cash and your market reputation by filing a
New Program Gives Consumers Objective Advice About Bankruptcy OptionsPR Web (press release)
Consumer Credit Card Debt Relief Programs and Plans – Low Credit Score Subprime Blogger (blog)
Freedom Debt Relief Offers Tips to Help Consumers Evaluate Legitimate Debt PR Web (press release)

all 128 news articles »

Economy Hardware files for bankruptcy protection - Boston Business Journal

Economy Hardware files for bankruptcy protection
Boston Business Journal
In its bankruptcy filing, Economy Hardware said it has between 50 and 100 creditors and between $1 million and $10 million in liabilities.

and more »

Blackstone May Join General Growth Plan, Simon Says - BusinessWeek

Blackstone May Join General Growth Plan, Simon Says
BusinessWeek
Simon Property said in a bankruptcy court filing last week that it should replace Brookfield as the stalking horse, a change that would make it the first
NYC Says General Growth Owes It $500000Wall Street Journal (blog)
Blackstone May Join General Growth Plan, Simon Says (Update1)San Francisco Chronicle

all 66 news articles »

Inside Sports Business: Mahorn’s case another sad reminder - St. Louis Globe-Democrat

Inside Sports Business: Mahorn's case another sad reminder
St. Louis Globe-Democrat
Yet, at the time of his bankruptcy filing, he claimed under less than $250000 in assets to his name. The filing states that Mahorn owes $510000 on his home

and more »

Bankruptcy Filing - Bankruptcy ‘not an option’ to help L.A. - Marketplace.publicradio.org

Tuesday, April 27th, 2010

Bankruptcy ‘not an option’ to help L.A. - Marketplace.publicradio.org
And we could be setting a new trend: filing for bankruptcy. We’d be the first major U.S. city to do that. Our mayor says it won’t happen, but skeptics say his budget doesn’t address the city’s biggest budget problem: pensions. Chris Richard has more

Freedom Debt Relief Offers Tips to Help Consumers - PRWeb
Programs typically provide better repayment terms than a Chapter 13 bankruptcy filing and do not leave a permanent bankruptcy judgment on one’s record. If considering debt settlement, research firms carefully and make sure the company can spell out

Local firm’s Carolina development slides into - Ibj.com
In its bankruptcy filing, Brier Creek is asking to use collateral it has with its bank, First Horizon Home Loans in Irving, Texas, to pay the employees. Payroll expenses total about $46,000 a month. First Horizon loaned Brier Creek FC $24.8 million

Bankruptcy judge approves reorganization plan of horse - Gaea Times (blog)
lawsuit claimed that Magna fraudulently transferred more than $125 million in loan payments to a subsidiary of MID in the two years leading up to Magna’s Chapter 11 bankruptcy filing last year. It sought to recharacterize MID’s loan claims

Chapter 13 Bankruptcy Alternatives Explained - PR Inside
These include the bankruptcy remaining on the filer’s credit record for 10 years, and the chapter 13 bankruptcy filing remaining etched on the public record forever. These adverse effects can have a tremendous negative impact on the filer.

New Program Gives Consumers Objective Advice About - PRWeb
Chapter 7 Bankruptcy is not the best alternative since it remains on a consumer’s credit report for 10 years and can have a negative impact on employability, insurability, and future loan applications. In fact, for some people, filing for

Bankruptcies resume climbing, aided by tax refunds - CreditCards.com
Filing pace quickens Instead, there were more than 6,200 bankruptcy filings per day in February and nearly 6,900 filings per day in March, according to data from AACER (Automated Access to Court Electronic Records). That compares to less than 5,500

Bankruptcy ‘not an option’ to help L.A. - Marketplace.publicradio.org
And we could be setting a new trend: filing for bankruptcy. We’d be the first major U.S. city to do that. Our mayor says it won’t happen, but skeptics say his budget doesn’t address the city’s biggest budget problem: pensions. Chris Richard has more

Freedom Debt Relief Offers Tips to Help Consumers - PRWeb
Programs typically provide better repayment terms than a Chapter 13 bankruptcy filing and do not leave a permanent bankruptcy judgment on one’s record. If considering debt settlement, research firms carefully and make sure the company can spell out

Local firm’s Carolina development slides into - Ibj.com
In its bankruptcy filing, Brier Creek is asking to use collateral it has with its bank, First Horizon Home Loans in Irving, Texas, to pay the employees. Payroll expenses total about $46,000 a month. First Horizon loaned Brier Creek FC $24.8 million

Bankruptcy judge approves reorganization plan of horse - Gaea Times (blog)
lawsuit claimed that Magna fraudulently transferred more than $125 million in loan payments to a subsidiary of MID in the two years leading up to Magna’s Chapter 11 bankruptcy filing last year. It sought to recharacterize MID’s loan claims

Chapter 13 Bankruptcy Alternatives Explained - PR Inside
These include the bankruptcy remaining on the filer’s credit record for 10 years, and the chapter 13 bankruptcy filing remaining etched on the public record forever. These adverse effects can have a tremendous negative impact on the filer.

New Program Gives Consumers Objective Advice About - PRWeb
Chapter 7 Bankruptcy is not the best alternative since it remains on a consumer’s credit report for 10 years and can have a negative impact on employability, insurability, and future loan applications. In fact, for some people, filing for

Bankruptcies resume climbing, aided by tax refunds - CreditCards.com
Filing pace quickens Instead, there were more than 6,200 bankruptcy filings per day in February and nearly 6,900 filings per day in March, according to data from AACER (Automated Access to Court Electronic Records). That compares to less than 5,500

Bankruptcy Filing - Bankruptcy filing staves off Jefferson School condo - Herald-Palladium

Sunday, April 25th, 2010

Bankruptcy filing staves off Jefferson School condo - Herald-Palladium
ST. JOSEPH - The mortgage sale of the Jefferson School condominiums has been postponed indefinitely after the building’s owner filed for bankruptcy not long before the scheduled sale was set to begin. The two-story brick building was scheduled for a

Dick Smothers’ home sells on Bird Key - Herald Tribune
Dick Smothers captured attention earlier this year when, in a Chapter 11 bankruptcy filing, he indicated that he and his famous brother, Tom, might be ending their 50-year comedy act. Dick Smothers “has no stable source of income at the present as

TOP HEADLINE - New York Times (blog)
Lehman’s bankruptcy filing in September 2008 incited termination provisions within the contracts. Read More » Senator Charles E. Schumer of New York has long been known as one of Wall Street’s best friends on Capitol Hill, but there are

Former Visinet workers told they’ll get some pay - Lincoln Journal Star
Visinet chief financial officer Michael Wehling sent an e-mail saying the state Department of Health and Human Services owes the company, which closed April 15 after filing for bankruptcy, in excess of $1 million. Some of that money is owed under a

Bankruptcy filing staves off Jefferson School condo - Herald-Palladium
ST. JOSEPH - The mortgage sale of the Jefferson School condominiums has been postponed indefinitely after the building’s owner filed for bankruptcy not long before the scheduled sale was set to begin. The two-story brick building was scheduled for a

Dick Smothers’ home sells on Bird Key - Herald Tribune
Dick Smothers captured attention earlier this year when, in a Chapter 11 bankruptcy filing, he indicated that he and his famous brother, Tom, might be ending their 50-year comedy act. Dick Smothers “has no stable source of income at the present as

TOP HEADLINE - New York Times (blog)
Lehman’s bankruptcy filing in September 2008 incited termination provisions within the contracts. Read More » Senator Charles E. Schumer of New York has long been known as one of Wall Street’s best friends on Capitol Hill, but there are

Former Visinet workers told they’ll get some pay - Lincoln Journal Star
Visinet chief financial officer Michael Wehling sent an e-mail saying the state Department of Health and Human Services owes the company, which closed April 15 after filing for bankruptcy, in excess of $1 million. Some of that money is owed under a

Bankruptcy Filing - Editorial: Bill a cynical attempt to protect union - San Jose Mercury News

Thursday, April 22nd, 2010

Editorial: Bill a cynical attempt to protect union - San Jose Mercury News
committee on local government passed a bill, AB 155, that might seem innocuous: It would require local governments and agencies to gain state approval before filing for federal bankruptcy protection. But the bill is really just a sop to labor

Jewish Times’ owner files bankruptcy - Baltimore Sun
Alter Communications, which also publishes Style and Chesapeake Life magazines, filed for Chapter 11 bankruptcy protection in U.S. District Court in Baltimore. The filing will not affect the company’s day-to-day operations for employees, readers and

Innkeepers USA May Be Preparing Bankruptcy - site.law360.com
Law360, New York (April 21, 2010) — Palm Beach, Fla.-based Innkeepers USA Trust, which owns interests in 73 hotels around the country, is reportedly preparing a bankruptcy filing as it attempts to restructure debt that it has struggled to repay in

Editorial: Bill a cynical attempt to protect union - San Jose Mercury News
committee on local government passed a bill, AB 155, that might seem innocuous: It would require local governments and agencies to gain state approval before filing for federal bankruptcy protection. But the bill is really just a sop to labor

Jewish Times’ owner files bankruptcy - Baltimore Sun
Alter Communications, which also publishes Style and Chesapeake Life magazines, filed for Chapter 11 bankruptcy protection in U.S. District Court in Baltimore. The filing will not affect the company’s day-to-day operations for employees, readers and

Innkeepers USA May Be Preparing Bankruptcy - site.law360.com
Law360, New York (April 21, 2010) — Palm Beach, Fla.-based Innkeepers USA Trust, which owns interests in 73 hotels around the country, is reportedly preparing a bankruptcy filing as it attempts to restructure debt that it has struggled to repay in

Bankruptcy Filing - Three years after filing for bankruptcy, Auburn - Syracuse Post-Standard

Saturday, April 17th, 2010

Three years after filing for bankruptcy, Auburn - Syracuse Post-Standard
Stephen D. Cannerelli / The Post-Standard Scott Zalben looks on as Maryna Nowak, of Auburn, holds their one-day-old baby, Sasha Taylor Zalben, in the maternity ward at Auburn Memorial Hospital on March 9. The hospital has made a remarkable recovery

How to avoid filing for bankruptcy - Globe and Mail
S ara Field, a 29-year-old Vancouver-based publicist, filed for bankruptcy seven years ago. Close to $30,000 in the hole, along with an additional $40,000 owing in student loans, she was completely overwhelmed. With no end from the calls from

Three years after filing for bankruptcy, Auburn - Syracuse Post-Standard
Stephen D. Cannerelli / The Post-Standard Scott Zalben looks on as Maryna Nowak, of Auburn, holds their one-day-old baby, Sasha Taylor Zalben, in the maternity ward at Auburn Memorial Hospital on March 9. The hospital has made a remarkable recovery

How to avoid filing for bankruptcy - Globe and Mail
S ara Field, a 29-year-old Vancouver-based publicist, filed for bankruptcy seven years ago. Close to $30,000 in the hole, along with an additional $40,000 owing in student loans, she was completely overwhelmed. With no end from the calls from

Bankruptcy Filing - How to avoid filing for bankruptcy - Globe and Mail

Thursday, April 15th, 2010

How to avoid filing for bankruptcy - Globe and Mail
S ara Field, a 29-year-old Vancouver-based publicist, filed for bankruptcy seven years ago. Close to $30,000 in the hole, along with an additional $40,000 owing in student loans, she was completely overwhelmed. With no end from the calls from

Three years after filing for bankruptcy, Auburn - Syracuse Post-Standard
Stephen D. Cannerelli / The Post-Standard Scott Zalben looks on as Maryna Nowak, of Auburn, holds their one-day-old baby, Sasha Taylor Zalben, in the maternity ward at Auburn Memorial Hospital on March 9. The hospital has made a remarkable recovery

How to avoid filing for bankruptcy - Globe and Mail
S ara Field, a 29-year-old Vancouver-based publicist, filed for bankruptcy seven years ago. Close to $30,000 in the hole, along with an additional $40,000 owing in student loans, she was completely overwhelmed. With no end from the calls from

Three years after filing for bankruptcy, Auburn - Syracuse Post-Standard
Stephen D. Cannerelli / The Post-Standard Scott Zalben looks on as Maryna Nowak, of Auburn, holds their one-day-old baby, Sasha Taylor Zalben, in the maternity ward at Auburn Memorial Hospital on March 9. The hospital has made a remarkable recovery

Bankruptcy Filing - Tribune files bankruptcy plan - Variety

Tuesday, April 13th, 2010

Tribune files bankruptcy plan - Variety
The Tribune Co. filed a bankruptcy reorganization plan Monday that sharply reduces its debt and keeps the company intact, while handing over ownership to a group of lenders including J.P. Morgan Chase and Angelo, Gordon & Co. Their filing in the U.S

Three years after filing for bankruptcy, Auburn - Syracuse Post-Standard
Stephen D. Cannerelli / The Post-Standard Scott Zalben looks on as Maryna Nowak, of Auburn, holds their one-day-old baby, Sasha Taylor Zalben, in the maternity ward at Auburn Memorial Hospital on March 9. The hospital has made a remarkable recovery

Donald Trump Wins Part Stake In 3 Casinos - ClickOnDetroit.com
Before the bankruptcy filing, Trump Entertainment tried to sell Trump Marina to New York developer Richard Fields, but the deal fell apart. Donald Trump and Juliano said it is too soon to determine what will become of that casino. Donald Trump was

Bankruptcy Attorneys and How To Choose One! - PRLog (free press release)
Walk you through every step of bankruptcy filing and all the new regulations. * Represent you in court. * Deal with your creditors. Here are some important things to consider when interviewing a prospective bankruptcy attorney: 1. Fees - Ask if the

Pasadena Playhouse working on bankruptcy filing - Pasadena Star-News
Citing debts of $3 million, and with no immediate prospects of raising enough cash to continue, the Pasadena Playhouse, pictured Jan. 29, 2010, went dark on February 7th after the last performance of “Camelot”. (SGVN/Staff Photo by Walt Mancini

How to get your money in bankruptcy - Yahoo! Finance: Internet Software & Services Industry News
When I contacted my bank to find out what was going on, I was informed that since the bankruptcy filing the funds are now in the hands of the trustee. I’m waiting to see if he has any interest in the accounts. What happens now, and how long should I

Tribune files bankruptcy plan - Variety
The Tribune Co. filed a bankruptcy reorganization plan Monday that sharply reduces its debt and keeps the company intact, while handing over ownership to a group of lenders including J.P. Morgan Chase and Angelo, Gordon & Co. Their filing in the U.S

Three years after filing for bankruptcy, Auburn - Syracuse Post-Standard
Stephen D. Cannerelli / The Post-Standard Scott Zalben looks on as Maryna Nowak, of Auburn, holds their one-day-old baby, Sasha Taylor Zalben, in the maternity ward at Auburn Memorial Hospital on March 9. The hospital has made a remarkable recovery

Donald Trump Wins Part Stake In 3 Casinos - ClickOnDetroit.com
Before the bankruptcy filing, Trump Entertainment tried to sell Trump Marina to New York developer Richard Fields, but the deal fell apart. Donald Trump and Juliano said it is too soon to determine what will become of that casino. Donald Trump was

Bankruptcy Attorneys and How To Choose One! - PRLog (free press release)
Walk you through every step of bankruptcy filing and all the new regulations. * Represent you in court. * Deal with your creditors. Here are some important things to consider when interviewing a prospective bankruptcy attorney: 1. Fees - Ask if the

Pasadena Playhouse working on bankruptcy filing - Pasadena Star-News
Citing debts of $3 million, and with no immediate prospects of raising enough cash to continue, the Pasadena Playhouse, pictured Jan. 29, 2010, went dark on February 7th after the last performance of “Camelot”. (SGVN/Staff Photo by Walt Mancini

How to get your money in bankruptcy - Yahoo! Finance: Internet Software & Services Industry News
When I contacted my bank to find out what was going on, I was informed that since the bankruptcy filing the funds are now in the hands of the trustee. I’m waiting to see if he has any interest in the accounts. What happens now, and how long should I

Bankruptcy Filing - Debt Relief - How to Eliminate Debt by 50% Without - PRLog (free press release)

Sunday, April 11th, 2010

Debt Relief - How to Eliminate Debt by 50% Without - PRLog (free press release)
Bankruptcy is not the same Every financial solution which is offered by the United States government is for the purpose of minimizing the recession damages. Anything which increases problems cannot be implemented. Think a hundred times before you

Three years after filing for bankruptcy, Auburn - Syracuse Post-Standard
Stephen D. Cannerelli / The Post-Standard Scott Zalben looks on as Maryna Nowak, of Auburn, holds their one-day-old baby, Sasha Taylor Zalben, in the maternity ward at Auburn Memorial Hospital on March 9. The hospital has made a remarkable recovery

How Much Money Does it Cost to File for Bankruptcy? - Associated Content
If you are like many other people around the United States, have no money, and you are sinking further and further into debt, you may be considering filing for bankruptcy. You also may be wondering how much it costs. It sounds silly, but you actually

Bankruptcy filing hasn’t hurt patient care - Burlington County Times
In his first series of visits, a patient care ombudsman found no signs that Lower Bucks Hospital’s financial problems are affecting patient care and safety. Since filing for bankruptcy protection, patient care has not deteriorated at Lower Bucks

More people filing bankruptcy - RichmondBizSense
With too few jobs around for those who need them, more families and businesses are filing for bankruptcy in the Richmond region. For the first quarter of 2010, an average of 781 entities – a combination of businesses and individuals – filed for

Debt Relief - How to Eliminate Debt by 50% Without - PRLog (free press release)
Bankruptcy is not the same Every financial solution which is offered by the United States government is for the purpose of minimizing the recession damages. Anything which increases problems cannot be implemented. Think a hundred times before you

Three years after filing for bankruptcy, Auburn - Syracuse Post-Standard
Stephen D. Cannerelli / The Post-Standard Scott Zalben looks on as Maryna Nowak, of Auburn, holds their one-day-old baby, Sasha Taylor Zalben, in the maternity ward at Auburn Memorial Hospital on March 9. The hospital has made a remarkable recovery

How Much Money Does it Cost to File for Bankruptcy? - Associated Content
If you are like many other people around the United States, have no money, and you are sinking further and further into debt, you may be considering filing for bankruptcy. You also may be wondering how much it costs. It sounds silly, but you actually

Bankruptcy filing hasn’t hurt patient care - Burlington County Times
In his first series of visits, a patient care ombudsman found no signs that Lower Bucks Hospital’s financial problems are affecting patient care and safety. Since filing for bankruptcy protection, patient care has not deteriorated at Lower Bucks

More people filing bankruptcy - RichmondBizSense
With too few jobs around for those who need them, more families and businesses are filing for bankruptcy in the Richmond region. For the first quarter of 2010, an average of 781 entities – a combination of businesses and individuals – filed for

Bankruptcy Filing - Japan designer Yohji Yamamoto plans flagship store in - Big Hollywood

Sunday, April 4th, 2010

Japan designer Yohji Yamamoto plans flagship store in - Big Hollywood
Japanese fashion designer Yohji Yamamoto plans to open a flagship store in China in coming years as his brand, despite filing for bankruptcy last year, eyes Asia’s growing class of luxury shoppers. The iconic designer, famous for his black minimalist

Istithmar asks court to stop W Hotel bankruptcy - Reuters
NEW YORK, April 1 (Reuters) - A unit of Istithmar, the overseas investment arm of Dubai World, on Thursday asked the courts to intervene after last week’s bankruptcy filing by the owners of the W Union Square Hotel. The unit, called Union Square Real

What Happens to Outstanding Loans During Bankruptcy? - BusinessWeek
If the equipment loan is not in default before the bankruptcy filing and your payments are current, it’s likely your lender will work out a payment plan with you rather than demanding that you pay off your loan, says M. Jonathan Hayes, an attorney

Using Bankruptcy to Stop Wage Garnishment in New York - Salon
Many of our clients and prospective clients in Manhattan, Bronx, Queens and other boroughs are facing the difficult situation of a wage garnishment and wonder if a personal bankruptcy filing could help. Just to review, a creditor with a judgment can

Germantown Settlement files for bankruptcy - Philadelphia Daily News
Ciardi said the bankruptcy filing would halt a planned sheriff’s sale of the Germantown YWCA Building, which Settlement bought in 2006 with a $1.3 million loan from the city’s Redevelopment Authority. The sheriff’s sale, which was set for Tuesday

Designer Yohji Yamamoto plans flagship store in China - BusinessWorld Online
TOKYO — Japanese fashion designer Yohji Yamamoto plans to open a flagship store in China in coming years as his brand, despite filing for bankruptcy last year, eyes Asia’s growing class of luxury shoppers. Japanese designer Yohji Yamamoto gets

Idaho bankruptcy judge sees three main causes behind - Idaho State Journal
The second most common reason for bankruptcy filing is the loss or interruption of employment.     “If you’re off two or three months, you’re in the soup,” Pappas said.     Third is marital and family problems. He notes that among

Charlotte Bankruptcy Lawyer Pali Holding Bankruptcy - PRLog (free press release)
PR Log (Press Release) – Apr 04, 2010 – Pali Holdings Inc.’s failed attempt to sell its New York-based securities brokerage, Pali Capital Inc., helped force the company to seek bankruptcy protection. The filing in U.S. Bankruptcy Court in

Kingston leaders, union rep reject call for bankruptcy - Daily Freeman
fellow members of the Kingston Uptown Residents Alliance and some elected officials, Soldner made his pitch by, among other things, supplying information about a Chapter 9 bankruptcy filing by Vallejo, Calif. Soldner said a key benefit of filing

Japan designer Yohji Yamamoto plans flagship store in - Big Hollywood
Japanese fashion designer Yohji Yamamoto plans to open a flagship store in China in coming years as his brand, despite filing for bankruptcy last year, eyes Asia’s growing class of luxury shoppers. The iconic designer, famous for his black minimalist

Istithmar asks court to stop W Hotel bankruptcy - Reuters
NEW YORK, April 1 (Reuters) - A unit of Istithmar, the overseas investment arm of Dubai World, on Thursday asked the courts to intervene after last week’s bankruptcy filing by the owners of the W Union Square Hotel. The unit, called Union Square Real

What Happens to Outstanding Loans During Bankruptcy? - BusinessWeek
If the equipment loan is not in default before the bankruptcy filing and your payments are current, it’s likely your lender will work out a payment plan with you rather than demanding that you pay off your loan, says M. Jonathan Hayes, an attorney

Using Bankruptcy to Stop Wage Garnishment in New York - Salon
Many of our clients and prospective clients in Manhattan, Bronx, Queens and other boroughs are facing the difficult situation of a wage garnishment and wonder if a personal bankruptcy filing could help. Just to review, a creditor with a judgment can

Germantown Settlement files for bankruptcy - Philadelphia Daily News
Ciardi said the bankruptcy filing would halt a planned sheriff’s sale of the Germantown YWCA Building, which Settlement bought in 2006 with a $1.3 million loan from the city’s Redevelopment Authority. The sheriff’s sale, which was set for Tuesday

Designer Yohji Yamamoto plans flagship store in China - BusinessWorld Online
TOKYO — Japanese fashion designer Yohji Yamamoto plans to open a flagship store in China in coming years as his brand, despite filing for bankruptcy last year, eyes Asia’s growing class of luxury shoppers. Japanese designer Yohji Yamamoto gets

Idaho bankruptcy judge sees three main causes behind - Idaho State Journal
The second most common reason for bankruptcy filing is the loss or interruption of employment.     “If you’re off two or three months, you’re in the soup,” Pappas said.     Third is marital and family problems. He notes that among

Charlotte Bankruptcy Lawyer Pali Holding Bankruptcy - PRLog (free press release)
PR Log (Press Release) – Apr 04, 2010 – Pali Holdings Inc.’s failed attempt to sell its New York-based securities brokerage, Pali Capital Inc., helped force the company to seek bankruptcy protection. The filing in U.S. Bankruptcy Court in

Kingston leaders, union rep reject call for bankruptcy - Daily Freeman
fellow members of the Kingston Uptown Residents Alliance and some elected officials, Soldner made his pitch by, among other things, supplying information about a Chapter 9 bankruptcy filing by Vallejo, Calif. Soldner said a key benefit of filing