Bankruptcy


Bankruptcy



Background information on Bankruptcy

The examples and perspective in this article or section may not represent a worldwide view.
Please improve the article or discuss the issue on the talk page. Notice of closure stuck on the door of a computer store the day after its parent company, Granville Technology Group Ltd, declared 'bankruptcy' (strictly, put into administration - see text) in the UK.

Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay their creditors. A declared state of bankruptcy can be requested by creditors in an effort to recoup a portion of what they are owed; however, in the overwhelming majority of cases, the bankruptcy is initiated by the bankrupt individual or organization.





Bankruptcy Specialist 1  -  29 May 2008
Seattle Post IntelligencerThe T-Mobile Bankruptcy Specialist manages the bankruptcy experience for the T-Mobile customer both pre and post write off and ensures the highest level of

Investment firms win Sharper Image in bankruptcy  -  29 May 2008
ReutersHilco Consumer Capital Corp and Gordon Brothers Group have won a bankruptcy auction to acquire the assets of gadget retailer Sharper Image Corp SHRPQ.

Taiwan court rejects FAT's plea for further bankruptcy protection  -  29 May 2008
Flight InternationalFAT’s bankruptcy protection expired on 22 May and an FAT spokesman says “the court made the decision to reject the application�.

RedEnvelope, Inc. Announces Successful Conclusion of Auction in US ...  -  29 May 2008
Market Wire (press release)..."We were pleased with the successful conclusion of the bankruptcy auction on Tuesday. We look forward to working with Provide Commerce and ensuring that the

Uni-Mart Files for Bankruptcy Protection  -  29 May 2008
WNEP-TV,By Norm Jones The Uni-Mart convenient store chain has filed for bankruptcy and the company said some stores will close. The Uni-Mart and Choice convenient

Report gives warning signs of bankruptcy risk  -  29 May 2008
FoodNavigator-USA,It identifies the financial stresses that lead to bankruptcy in the food industry, looking at Chiquita, Krispy Kreme Doughnuts and Interstate Bakeries as

Bankruptcy objections deadline June 27  -  29 May 2008
Vallejo Times-Herald,By Times-Herald staff City union representatives and others who want to file an objection to Vallejo filing for Chapter 9 bankruptcy have until June 27

Ballots to be mailed to creditors in diocesan bankruptcy case  -  29 May 2008
Catholic Messenger,Bankruptcy Judge Lee Jackwig approved the diocese’s amended disclosure statement during an April 2 hearing in US Bankruptcy Court for the Southern District

Bankruptcy filing stalls sale of AmSouth tower  -  29 May 2008
Press-Register - al.com,By KATHY JUMPER The owners of the 34-story AmSouth Bank building in downtown Mobile filed for Chapter 11 reorganization in US Bankruptcy Court late Tuesday,

Rockford's Arco Pool & Spa declares bankruptcy  -  29 May 2008
Rockford Register Star,A Rockford company that provided pool and spa supplies and repair services declared bankruptcy on May 21. Arco Pool & Spa, 845 S. Perryville Road,

Szczecin and Gdynia face bankruptcy over aid  -  29 May 2008
Lloyd's List,Officials are thought to be opposed to pushing the facilities into bankruptcy because of their historical association with the Solidarity movement,

Group claims number of schools closing down due to bankruptcy ...  -  29 May 2008
GMA news.tv,MANILA, Philippines - More and more private schools are closing down every year due to bankruptcy, the Federation of Private Schools and Administrators

IdleAire files investor list with bankruptcy court  -  29 May 2008
Knoxville News Sentinel,By Josh Flory (Contact) Ever wondered exactly who invested in IdleAire Technologies, the Knoxville company that recently filed for Chapter 11 bankruptcy

When Losing a Second Home to Foreclosure Is a Taxable Gain  -  29 May 2008
New York Times,Many of these people will lose their properties in foreclosure and then stagger into bankruptcy under the weight of a sizable tax bill.

Global Notes, Schedules and Statements Filed in Diamond Glass ...  -  29 May 2008
glassBYTEs,Methodology and Disclaimer Regarding Debtors' Schedules and Statements has been filed in Diamond Glass' bankruptcy case, though the documents note the

Operator of Carvers and Hunter Steakhouses Files Bankruptcy  -  29 May 2008
CoStar Group,San Diego-based Steakhouse Partners Inc. (Bulletin Board: STKP) and its subsidiary, Paragon Steakhouse Restaurants Inc., filed a voluntary bankruptcy

Sale of Evansville's Aztar casino faces delay  -  29 May 2008
Chicago Tribune,AP EVANSVILLE, Ind. - The bankruptcy filing of Casino Aztar's owner could delay the sale of the riverboat by several months, state regulators said.

Casino official: Bankruptcy hurts tax negotiations  -  29 May 2008
2TheAdvocate,By MARSHA SHULER A Belle of Baton Rouge executive said Wednesday that the riverboat casino property’s bankruptcy status is impeding tax negotiations with

Bankruptcy trustee objects to Frontier severance plan.  -  29 May 2008
Denver Post,A US Bankruptcy Court Trustee has filed an objection to Frontier Airlines' proposal to offer a severance package to senior management employees.

ATG files bankruptcy after options run out  -  29 May 2008
Rocky Mountain News,It also has up to 199 estimated creditors in the case, according to documents filed in US Bankruptcy Court for the District of Colorado.

Waiting game: Hunter's Point owners say 'phenomenal' course will ...  -  29 May 2008
IdahoStatesman.com,BY CHADD CRIPE - ccripe@idahostatesman.com Greg and Jeanette Bullock say the bankruptcy filing last week by their dream business - Hunter's Point Golf and

UPDATE 1-US fund loses appeal versus Telecom Argentina  -  29 May 2008
ReutersIn 2005, the company filed for bankruptcy protection in US bankruptcy court in Manhattan, seeking protection from US creditors who had not signed off on its

BANKRUPTCY FILINGS  -  29 May 2008
The Patriot-News - PennLive.com,CHAPTER 7 under the US Bankruptcy Code may be used by businesses or individuals. A portion of the debtor's assets is liquidated and distributed among

Linens 'n Things gets OK to borrow $700M  -  29 May 2008
Forbes,Judge Christopher Sontchi of the US Bankruptcy Court in Wilmington, Del., approved the loan Wednesday for the the struggling retailer, which is closing

Oregon company can't afford cleanup to toxins spilled in Port ...  -  29 May 2008
North Kitsap Herald,On May 9, a ruling by the US Bankruptcy Court approved a request from Pope & Talbot, which is headquartered in Oregon, to move to a Chapter 7 company,

Metropolis is back on track  -  29 May 2008
Indianapolis Star,By Bruce C. Smith Despite the bankruptcy of Metropolis developer Premier Properties, the Plainfield shopping mall is still drawing crowds,

Mesa Wins Injunction In Dispute With Delta  -  29 May 2008
Wall Street JournalThe regional airline warned a week ago it might seek bankruptcy protection if Delta succeeds in its effort to cancel its contract.

UPDATE 2-Favrille cuts 92 pct jobs after lead drug fails  -  29 May 2008
Reuters India,Seymour said the company was still exploring "next steps," but declined to comment on whether the next steps would be bankruptcy or a sale of the company.

SD-based company buys Web retailer  -  29 May 2008
San Diego Union Tribune,By Jennifer Davies Provide Commerce, the San Diego-based parent company of ProFlowers, has bought online gift retailer Red Envelope out of bankruptcy for an

Asarco picks highest bidder, not Grupo Mexico  -  29 May 2008
ReutersAsarco, which owns three copper mines in Arizona, filed for bankruptcy protection in 2005 after it was sued for $1 billion over environmental cleanup and

Mirabilis files for Chapter 11  -  29 May 2008
Bizjournals.com,The bankruptcy filing lists creditors including: First Commercial Insurance Corp., a workers compensation provider, $8.4 million; John Burcham of Fort

Home Interiors to cut 83 jobs  -  29 May 2008
Bizjournals.com,Home Interiors & Gifts Inc., which has been reorganizing under Chapter 11 bankruptcy protection, will eliminate 83 night jobs at its Carrollton warehouse on

Cedar Funding files for Chapter 11 bankruptcy  -  May 28, 2008
San Jose Mercury News,..."It's in the hands of the bankruptcy court." With the Chapter 11 petition, Nilsen is asking the bankruptcy court to allow him to manage the company,

Aviation company files bankruptcy  -  May 28, 2008
Bizjournals.com,Aviation Technology Group has filed for Chapter 7 bankruptcy after unsuccessfully trying to find a buyer for the very light jet company based at Front Range

Bankruptcy and Small Business Loans  -  May 28, 2008
BusinessWeekNow, I'm contemplating bankruptcy due to my debt. Will a bankruptcy filing ruin my chances for getting a small business loan in the future?

Bear Stearns Funds Lose Bankruptcy Appeal  -  May 28, 2008
Hedge Fund Net,A New York federal court judge upheld the bankruptcy court’s decision that the two funds’ main business activities were in New York and not in the Cayman

Genitope landlord cancels option, company may seek bankruptcy ...  -  May 28, 2008
Bizjournals.com,...in negotiations with its landlord and could file for bankruptcy protection, the company said in a Securities and Exchange Commission filing Wednesday.

Provide Commerce buys RedEnvelope in bankruptcy  -  May 28, 2008
ReutersPK in a bankruptcy auction. Provide Commerce, whose websites include ProFlowers and Cherry Moon Farms, will assume full ownership of RedEnvelope on June 23,

Ceres Capital bankruptcy plan approved by judge  -  May 28, 2008
ReutersMay 28 (Reuters) - A US judge has approved a bankruptcy plan for Ceres Capital Partners LLC, allowing the former specialist in structured investment

US personal bankruptcy growing  -  May 28, 2008
United Press InternationalPersonal bankruptcy filings peaked at 2.04 million just before Congress raised income limits and made it more expensive to file, The Washington Post

Choosing Bankruptcy to Stay Afloat  -  May 27, 2008
Washington Post,Two weeks ago, she filed for Chapter 13 bankruptcy protection, which will restructure her debt. She will have five years to pay it off under a plan that

Bankruptcy rules loosened in favor of debtors  -  May 28, 2008
Greenville News,By Eric Connor • STAFF WRITER • May 28, 2008 South Carolinians facing mounting debt in a slumping economy have an easier road to file for bankruptcy after

Former Duke Players Can Sue Nifong Outside Bankruptcy (Update2)  -  May 27, 2008
BloombergThe former North Carolina district attorney, who lost his law license for mishandling the criminal case against the players, sought bankruptcy protection

Bedford County builder files bankruptcy  -  May 28, 2008
Lynchburg News and Advance,By Bryan Gentry A developer in Bedford County filed for bankruptcy Wednesday morning, halting the foreclosure on a subdivision that was slated for auction

Mesa could file for bankruptcy by July 20-report  -  May 27, 2008
ReutersO: Quote, Profile, Research) could file for bankruptcy protection by July 20 and cut about 700 jobs if it loses a legal fight with Delta Air Lines Inc (DAL.

Sewing shop in bankruptcy opens to let customers get belongings  -  May 27, 2008
San Jose Mercury News,The owners have filed a Chapter 7 bankruptcy petition, according to Santa Cruz attorney Henry Niles. "My clients are not going to be reopening," he added.

French overindebtedness applications stable, but personal ...  -  May 27, 2008
Forbes,Although volumes overall remain small, personal bankruptcy has been steadily increasing since 2004 and now represents around 18 percent of the number of

Mesa Air warns of bankruptcy if Delta ends contract  -  May 27, 2008
The Associated PressATLANTA (AP) — A Mesa Air executive says the carrier will file for Chapter 11 by July 20 and cut 700 jobs if Delta Air Lines Inc.'s termination of a

Coast builder files for bankruptcy  -  May 28, 2008
Sunshine Coast Daily,Another Coast builder has been banned from holding a building licence after filing for bankruptcy earlier this month. Luxury builder Glen Goding filed for

Bankruptcy Not An El Paso County Concern  -  May 28, 2008
KRDO,Vallejo, which is north of San Francisco declared bankruptcy last week because the city couldn't stay current with its bills and expenses.

The materials contained on this Web site are for informational purposes only and do not constitute legal advice. Use of information on this site does not create or constitute an attorney-client relationship.

Google
 
Web law.mongabay.com
Links on this site lead to other sites on the web. Mongabay.com does not sponsor, endorse or otherwise approve of the materials appearing in such sites. Nor is Mongabay.com responsible for dead or misdirected links. If your site is linked from the page and you would like me to remove the link, please contact me

The materials contained on this Web site are for informational purposes only and do not constitute legal advice. Use of information on this site does not create or constitute an attorney-client relationship.