Economy / Tags / Bankruptcy

ECONOMY Mon May 12, 2008 @ 3:00pm neoform

biz.yahoo.com -- BROWNSVILLE, Texas (AP) -- A U.S. mining company accused its Mexican parent company Monday of stripping it of its most valuable assets and forcing it into bankruptcy as it launched its $10.5 billion federal lawsuit against the company. Asarco, which is o.. Read More

ECONOMY Sat May 3, 2008 @ 12:00pm neoform

biz.yahoo.com -- Consumer bankruptcies soaring Bankruptcy filings by U.S. consumers jumped 47.7% in April vs. a year earlier as families coped with the subprime mortgage crisis, the American Bankruptcy Institute said. The 92,291 filings were 7% higher than in March. The.. Read More

ECONOMY Mon Mar 31, 2008 @ 6:00pm neoform

biz.yahoo.com -- PHILADELPHIA (AP) -- A bankruptcy judge has refused to shield the state of Montana from lawsuits over its alleged failure to protect residents from the dangers posed by W.R. Grace & Co.'s mining operations. Judge Judith Fitzgerald, who is presiding over.. Read More

ECONOMY Mon Mar 17, 2008 @ 6:00pm neoform

biz.yahoo.com -- PHILADELPHIA (AP) -- Several W.R. Grace & Co. lenders have refused to continue offering bankruptcy loans to the company, forcing it to cut back its Chapter 11 finance package from $250 million to $200 million, a lawyer said Monday. "We have yet to receiv.. Read More

ECONOMY Sun Feb 24, 2008 @ 3:00pm neoform

biz.yahoo.com -- WASHINGTON (AP) -- Congress is set to examine another round of possible repairs for consumers and investors threatened by widening cracks in the housing market. Proposals include easing bankruptcy rules, shielding banks from lawsuits and providing govern.. Read More

ECONOMY Wed Feb 13, 2008 @ 6:01pm neoform

biz.yahoo.com -- WASHINGTON (AP) -- The government monitor for Summit Global Logistics Inc.'s bankruptcy case wants a judge to appoint an examiner to look into details of company's plan to go private in a management-led buyout. Kelly Beaudin Stapleton, the U.S Trustee ov.. Read More

ECONOMY Thu Jan 24, 2008 @ 3:01pm neoform

biz.yahoo.com -- WASHINGTON (AP) -- Asarco LLC has reached settlements worth $27.8 million with people in three states who demanded more than $1 billion from the copper-mining company for personal-injury and property damages. Asarco has asked the U.S. Bankruptcy Court in.. Read More

ECONOMY Tue Jan 22, 2008 @ 6:01pm neoform

biz.yahoo.com -- NEW YORK (AP) -- A judge said Tuesday he would approve the bankruptcy exit plan of auto parts supplier Delphi Corp. once it drastically reduces the total payout of cash bonuses to top executives. The company's plan is a reorganization blueprint that larg.. Read More

ECONOMY Tue Jan 8, 2008 @ 6:00pm neoform

biz.yahoo.com -- WASHINGTON (AP) -- Marcal Paper Mills Inc. is facing a slew of objections to its proposed sale next week to lender NexBank SSB at a bankruptcy court auction. The official committee of unsecured creditors in Marcal's bankruptcy case claim the private Texa.. Read More

ECONOMY Mon Jan 7, 2008 @ 6:00pm neoform

biz.yahoo.com -- WASHINGTON (AP) -- L. Tersigni Consulting, fighting for control over its bankruptcy case, is opposing a bid to appoint a trustee to oversee the company and a move by the federal government to covert the case to a Chapter 7 liquidation. L. Tersigni, facin.. Read More

ECONOMY Wed Dec 12, 2007 @ 6:00pm neoform

biz.yahoo.com -- WASHINGTON (AP) -- Seeking to provide more aid to troubled borrowers, House lawmakers on Wednesday advanced legislation that would enable homeowners to shrink their mortgages in bankruptcy court. The bill -- fiercely opposed by the lending industry but s.. Read More

ECONOMY Wed Dec 12, 2007 @ 6:00pm neoform

biz.yahoo.com -- WASHINGTON (AP) -- Seeking to provide more aid to troubled borrowers, House lawmakers on Wednesday advanced legislation that would enable homeowners to shrink their mortgages in bankruptcy court. The bill -- fiercely opposed by the lending industry but s.. Read More