Recent Updates
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Extended Stay court examiner seeks more time
Bankruptcy 02/01/2010Ralph Mabey, a former bankruptcy judge who was appointed as the examiner, said he was seeking an additional 21 days to conduct the investigation, as he has had some difficulty in obtaining necessary witnesses, documents and other information that he ...
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Bryan A. Lowe & Associates - Las Vegas Bankruptcy
Bankruptcy 01/29/2010The firm was founded on a philosophy of service that not only emphasizes quality representation in terms of experience and expertise - but places a high value on initiating appropriate actions to meet the client's legal needs and objectives. Particul...
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WaMu shareholders get their voice in bankruptcy
Bankruptcy 01/29/2010Shareholders of Washington Mutual Inc will have a voice in the company's bankruptcy after a judge refused on Thursday to disband their committee, which Washington Mutual said would complicate the case.The U.S. Trustee, who plays an oversight role in ...
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Pool maker Latham says court OKs bankruptcy plan
Bankruptcy 01/22/2010Latham International, which makes swimming pools and parts such as liners, steps and ladders, said on Friday that a bankruptcy court approved a debt restructuring plan that will put the company into the hands of its lendersate Constitution through th...
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Tops Markets to pay $85M for Penn Traffic's supermarkets
Bankruptcy 01/09/2010Tops Friendly Markets said Friday it is buying all 79 stores run by bankrupt rival Penn Traffic Co. for $85 million in cash, a move that would deepen its roots in New York and Pennsylvania and extend its reach into other Northeastern states.Tops, a 7...
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Mesa Airlines heads into bankruptcy court
Bankruptcy 01/06/2010Mesa Airlines filed for Chapter 11 banktrupcy protection Tuesday, hoping to shed planes it no longer needs.Mesa's filing is part of broader problems the airline has been experiencing with its operations as demand for air travel fell over the last yea...
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Cremated remains found in Atlanta-area storage
Bankruptcy 12/29/2009A legal team that was seeking a bankrupt funeral home's financial records instead made a macabre discovery: nearly 100 boxes of cremated remains, some dating back more than two decades, stashed in a suburban storage unit.The discovery has been a comf...
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Newspaper publisher Heartland files for Chapter 11
Bankruptcy 12/22/2009Heartland Publications LLC, the owner of 23 daily newspapers and other publications in nine states, filed for Chapter 11 bankruptcy protection on Monday after agreeing with its major lender on a plan to cut the company's debt load by more than half.T...
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Visteon seeks approval of $150 mln DIP financing
Bankruptcy 10/29/2009Bankrupt U.S. auto parts supplier Visteon Corp said on Wednesday it is seeking approval for up to $150 million in debtor-in-possession (DIP) financing from a group of its term-loan lenders.Visteon said it has filed a motion with the U.S. Bankruptcy C...
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FairPoint Communications files for bankruptcy
Bankruptcy 10/26/2009Rural telecom services provider FairPoint Communications Inc filed for Chapter 11 protection in a Manhattan bankruptcy court on Monday, under a pre-arranged plan that would cut its debt by $1.7 billion.In a statement, the Charlotte, North Carolina-ba...
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Alleged victims, bankrupt diocese in U.S. court
Bankruptcy 10/22/2009The bankrupt Catholic Diocese of Wilmington began its court fight Wednesday withvictims claiming sexual abuse by its priests over the value of its estate and how much will be available for claims.Attorneys for most of the 142 victims indicated they m...
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Dutch DSB bank declared bankrupt
Bankruptcy 10/19/2009A Dutch court declared DSB Bank NV bankrupt on Monday, ending hopes the regional lender, which suffered a run on deposits, might be sold or bailed out.The privately-owned bank is the first to go bust in the Netherlands since last year, though the gov...