Bankruptcy
Economic Issue
Madoff trustee and law firm submit US$22.1M billNEW YORK -- Bernard Madoff's bankruptcy trustee and the law firm employing him have asked a U.S. judge to be awarded US$22.1-million in fees for five months of work, boosting their combined total bill to more than US$37.5-million. Baker... In this article: Bernard Madoff, Bankruptcy, U.S., NEW YORK, and U.S. Bankruptcy Court |
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Detroit News | November 05, 2009
Business briefs
...maker's proposal faced no substantial objections. U.S. Bankruptcy Judge Allan Gropper confirmed the Chapter 11 reorganization Thursday in Manhattan, citing creditor support. Supplements to the plan, filed Nov. 2, disclosed new terms...
In this article: Toyota, CVS Caremark, Kizashi, Michigan State University, Meijer, Caremark, Lear Corp., Target, and Wal-Mart
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New York Post | November 04, 2009
Judge asked to further review Mary Immac, St. John's sale
...fatalities. " Guttman purchased the St. John's property in Elmhurst and Mary Immaculate site in Jamaica at a bankruptcy auction in Manhattan last week, according to CB Richard Ellis, the firm retained by Proskauer Rose, Caritas Health...
In this article: St. John and CB Richard Ellis
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Yahoo! News | November 03, 2009
Judge fast tracks CIT bankruptcy plan hearing (Reuters)
...ago NEW YORK (Reuters) - A U.S. bankruptcy judge set a December 8 hearing to consider approval of CIT Group Inc's (CITGQ.PK) reorganization plan, aiding the large commercial lender's effort to emerge from bankruptcy by year's end. "We are...
In this article: CIT Group Inc, NEW YORK, U.S., Troubled Asset Relief Program, Small businesses, and Dunkin
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Miami Herald - Politics | November 04, 2009
Goldman got cozy with loan star that crashed and burned
...entirely on Wall Street's seemingly unlimited hunger for bigger, faster returns. Michael Missal, a federal bankruptcy examiner who investigated New Century's operations after it sought Chapter 11 protection on April 2, 2007, reported...
In this article: New Century, Wall Street, Goldman Sachs, California, Lamborghini, and The Miami Herald
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Detroit Free Press | November 02, 2009
Business headlines: Busiest-days travel surcharge rises
...to a quick reorganization. CIT on Monday asked U.S. Bankruptcy Judge Allan Gropper in Manhattan to set a confirmation hearing on its so-called prepackaged reorganization plan as soon as possible after Dec. 1. CIT filed for bankruptcy...
In this article: CIT Group Inc., United States, National Association of Realtors, Free Press, US Airways, and Delta
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Description from Wikipedia:
Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay its creditors. Creditors may file a bankruptcy petition against a debtor ("involuntary bankruptcy") in an effort to recoup a portion of what they are owed or initiate a restructuring. In the majority of cases, however, bankruptcy is initiated by the debtor (a "voluntary bankruptcy" that is filed by the insolvent individual or organization).
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