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Vodka maker CEDC bankruptcy plan approved
ReutersBy Tom Hals and Nick Brown WILMINGTON/NEW YORK, May 13 (Reuters) - A bankruptcy court on Monday approved Central European Distribution Corp's bankruptcy exit plan, putting Russian billionaire Roustam Tariko on the verge of adding one of the world's...Tags: Bankruptcy, Companies and Corporations, Central European Distribution Corporation, Finance, Economy, Business and Finance
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ResCap examiners' report filed under seal
ReutersMay 13 (Reuters) - A report by a court-appointed independent examiner into dealings between Residential Capital LLC and the bankrupt lender's parent, Ally Financial Inc, has been filed under seal, a lawyer for the examiner said on Monday. The report is...Tags: Bankruptcy, Manhattan (New York City)
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Report: Detroit is broke; could bankruptcy lie ahead?
DETROIT (AP) — The first report by Detroit's emergency manager declares that the city is broke and at risk of running completely out of money — a financial meltdown that could mean employees don't receive paychecks, retirees lose their...
Tags: Bankruptcy, Pension and Welfare, Politics, Interior Policy, Economy, Business and Finance
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Rosenthal: Restaurants don't recede in recession, but appetites change
If you want to assess America's economic health, you can do worse than examining Americans' appetite for eating at or taking out from restaurants. We are as we eat. So it was an eye-opener when the owner of 33 Chicago-area Applebee's franchises, which...Tags: Bankruptcy, Companies and Corporations, Economy, Business and Finance, Business, IHOP Corporation
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05/13: Bankruptcies
Chapter 7 Central Florida individuals and businesses that have filed for liquidation under Chapter 7 of the U.S. Bankruptcy Code include: Central Orlando Properties LLC, 840 Kenilworth Terrace, Orlando. Filed: May 3. Estimated assets: $0 to $50,000....
Tags: Bankruptcy, Companies and Corporations, Economy, Business and Finance, Business, Bank of America Corp.
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Judge grants foreclosure of hundreds of run-down Orlando apartments
A state judge on Friday granted the foreclosure of seven west Orlando apartment complexes with hundreds of units, the latest twist in the long-running story of some of the city's most run-down housing. Circuit Judge Alice Blackwell ruled that the...
Tags: Bankruptcy, Judges, Fannie Mae, Finance, Economy, Business and Finance
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Peregrine Financial may have "viable" claims vs banks -trustee
ReutersSAN FRANCISCO, May 10 (Reuters) - Peregrine Financial Group's bankruptcy estate may have "viable" claims against JPMorgan Chase & Co and U.S. Bancorp for harm done to clients of the now-failed brokerage, and may pursue them in court, Peregrine's trustee...Tags: Bankruptcy, JPMorgan Chase & Co., U.S. Bancorp, Prosecution, Defendants
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Examiner's report could spur ResCap creditors seeking Ally cash
ReutersBy Tom Hals May 10 (Reuters) - A report on Friday could embolden creditors of bankrupt mortgage lender Residential Capital LLC to pursue billions of dollars of cash that its parent, Ally Financial Inc, had planned to use to repay a U.S. government...Tags: Bonds, Bankruptcy, Judges, Manhattan (New York City), Economy, Business and Finance
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Chicago Rush owner ousted by league, which takes over team
When David Staral Jr. stepped up in early February to purchase the Chicago Rush from the Arena Football League, he promised ownership stability to a beleaguered franchise. Three months later, Staral, whose own troubled financial history included...
Tags: Bankruptcy, Finance, Economy, Business and Finance, Chicago Rush, Groupon, Inc.
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Fed's Plosser adds voice to too-big-to-fail criticisms
ReutersNEW YORK (Reuters) - The United States is falling short in its effort to end the problem of too-big-to-fail banks and should require higher capital and adopt a fresh approach to winding down firms that face bankruptcy, a top Federal Reserve official...Tags: Central Bank, Career and Workplace, Federal Reserve, Government, National Government
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Paulson hedge fund puts hotel unit in bankruptcy to escape lawsuit
Reuters* MSR Hotels & Resorts files Chapter 11 * Five Mile claims sale of luxury resorts was not fair * Paulson unit accuses lender of legal "terrorization" By Jonathan Stempel May 9 (Reuters) - Billionaire investor John Paulson has put a real estate unit of...Tags: Trials, Companies and Corporations, John Paulson, Mutual Funds, Laws
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Developers buy Rhythm & Hues' ex-headquarters in El Segundo
The former El Segundo headquarters of the visual effects studio Rhythm & Hues has been sold for $25 million to real estate developers who plan to upgrade it and turn it into an office campus for creative firms. Rhythm & Hues was acquired in March in a...
Tags: Real Estate, Bankruptcy, Entertainment, Investments, Services and Shopping
May 13, 2013
|Story| Reuters
May 13, 2013
|Story| Reuters
May 13, 2013
|Story| Petoskey News
May 12, 2013
|Column| Chicago Tribune
May 12, 2013
|Story| Orlando Sentinel
May 10, 2013
|Story| Orlando Sentinel
May 10, 2013
|Story| Reuters
May 10, 2013
|Story| Reuters
May 8, 2013
|Story| Chicago Tribune
May 9, 2013
|Story| Reuters
May 9, 2013
|Story| Reuters
May 9, 2013
|Story| Los Angeles Times
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