In re Tucker, 2011 WL 5192801 (N.D.W.Va., Slip Copy, Oct. 31, 2011). Tucker operated a video lottery business and himself organized as an entity Creditor #1, which he later put into Chapter 11 bankruptcy. Another company took it over in the bankruptcy, and formed as an entity Creditor #2 as a special purpose vehicle to …
Bankruptcy looming, MF Global transferred millions of dollars in client accounts, a regulator says. Was it trying to avoid bankruptcy?
NEW YORK (Reuters) – MF Global Holdings Ltd filed for bankruptcy protection after a tentative deal with a buyer fell apart, marking a stunning failure for CEO Jon Corzine who tried to turn the more than 200-year-old futures brokerage into a mini-Goldman Sachs.
Ambac Assurance Corp., the insurer of Harrisburg, Pennsylvania’s general obligation bonds, asked a judge to throw out the city’s bankruptcy, joining the mayor, city unions and state officials in opposing the case.
For debts ranging from back taxes to lawsuits, look at all your options before seeking bankruptcy.
Shares of American Airlines parent AMR Corp. fell Friday, and an analyst predicted the company will wind up in bankruptcy unless it gets a break from lenders or more cash.
(Reuters) – You might think the capital city of a U.S. state would tap a high-powered, national law firm to handle its bankruptcy case. But when Harrisburg, Pennsylvania filed for bankruptcy last week, it hired a one-lawyer, local shop with no bankruptcy experience.
The debt situation facing Pennsylvania’s state capital has become so bad that Harrisburg City Council voted to seek the protection of bankruptcy. The mayor of Harrisburg, Linda Thompson, and lawyers for the commonwealth have asked a federal judge to throw out the bankruptcy under the claim that a state law passed earlier this year forbids the process until July 2012. The lawyer appointed by …
NEW YORK (Reuters) – One day after Pennsylvania’s state capital filed for bankruptcy, the city lawyer handling the case defended against allegations the move was illegal.
Bankruptcy concerns are swirling around a certain carrier based in Texas. But there’s nothing to worry about with an airline like American, Brett Snyder writes. Still, it’s good to know how travelers can protect themselves.