bankruptcy protection

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Latest blogosphere posts tagged “bankruptcy protection”

  • Economic Storm Changes Restaurant Dynamics


    FriendsEAT.comAuthority Authority: 433
    One of the many restaurants hit by the economic downturn According to NPD Group, a market research firm, the number of people visiting restaurants has plunged for four consecutive quarters. The National Restaurant Association’s performance index shows that the industry has declined for 23 months in a row. Sales ...
    21 hours ago
  • Cerberus gets a slice of Hawaiian Telcom


    Telecom Industry NewsAuthority Authority: 144
    Bankrupt Hawaiian Telcom has found a white knight in Cerberus Capital Management. The New York-based private equity company has agreed to help pay down the companys debt with the promise that they will get a piece of the telco when it exits Chapter 11 protection. Although the filing made with the U.S. Bankruptcy ...
    6 days ago
  • Breaking: Home builders group files Chapter 11


    InvestmentWatchAuthority Authority: 156
    http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=36217 “(Crain’s) — How bad is the local housing market? So bad that even the Home Builders Assn. of Greater Chicago has filed for bankruptcy protection. Unable to pay its bills, the Rolling Meadows trade group filed for Chapter 11 protection Friday, ...
    1 week ago
  • Nokia to bid for Nortel assets


    Thaindian NewsAuthority Authority: 729
    Toronto, Nov 22 (IANS) Dying Canadian telecom giant Nortel has put up its optical networking and carrier ethernet business for auction.Toronto-based Nortel has been selling its businesses bit by bit to pay off its creditors after it sought and got bankruptcy protection in the US and Canada in January after last ...
    1 week ago
  • LyondellBasell gets buyout offer from Reliance


    Business Finance & Economy - business.marc8.comAuthority Authority: 166
    LyondellBasell says Reliance Industries offered to acquire a controlling interest in the beleaguered chemical company, which is under Chapter 11 bankruptcy protection.
    1 week ago
  • Benefits of Bankruptcy


    Reed's Bankruptcy BlogAuthority Authority: 138
    Despite bankruptcy’s bad rap in our culture, its benefits make it the best choice for many people needing a fresh financial start.Bankruptcy often gets a bad rap in our culture, but the truth of the matter is that, for many people, it is the absolutely best option to escape the stress of insurmountable debt and ...
    1 week ago
  • GM reports $1.2B loss, says it shows progress


    Business Finance & Economy - business.marc8.comAuthority Authority: 166
    General Motors Co. says it lost $1.2 billion from the time it left bankruptcy protection through Sept.
    2 weeks ago
  • ACORN Goes for Broke


    StupidicaAuthority Authority: 176
    As its financial resources dwindle, radical advocacy group and organized crime syndicate ACORN may have to file for bankruptcy protection before Christmas, ACORN insiders say. "They may have to file for bankruptcy if they dont have several big pending grants approved or get emergency loans," a highly placed ACORN ...
    2 weeks ago
  • GM reports $1.2 billion third-quarter loss


    Business Finance & Economy - business.marc8.comAuthority Authority: 166
    GM says it lost $1.2 billion from the time it left bankruptcy protection through Sept. 30, far better than previous quarters and a sign that the auto giant is starting to turn around.
    2 weeks ago
  • Huge Commercial Real Estate Crash is Coming!


    InvestmentWatchAuthority Authority: 156
    All of the components of real estate value are going in the wrong direction simultaneously,” said Ross, one of nine money managers participating in a government program to remove toxic assets from bank balance sheets. “Occupancy rates are going down. Rent rates are going down and the capitalization rate — the ...
    2 weeks ago
  • Bankruptcy and the Protection of Your Co-Signer


    Credit CreatorsAuthority Authority: 112
    It is very important that you know the rules very well when filing for bankruptcy not only for your protection but also for the protection of your co-signer. First, let us define what a co-signer is. A co-signer is the person who legally guarantees another person’s credibility to obtain a loan. A co-signer is ...
    3 weeks ago
  • Advanta has filed for bankruptcy


    Lucrative InvestingAuthority Authority: 526
    Advanta Corp is a company that offers small businesses credit cards in the United States. Yesterday the lender filed for bankruptcy protection. The company, in its filing with the U.S. Bankruptcy Court for the Deleware District, listed assets of $363 million and debts totaling $331 million. The company came into ...
    3 weeks ago
  • Financing woes prompt Charlotte development firm’s bankruptcy filing (The Charlotte Observer)


    REFINANCE-BLOG.INFOAuthority Authority: 157
    The incapacity to refinance the loan upon partial of an uptown office building has pushed the internal growth association in to Chapter eleven failure protection, the co-owner pronounced Friday.
    3 weeks ago
  • Garment exporters worried over US firm’s bankruptcy filing


    Thaindian NewsAuthority Authority: 729
    New Delhi, Nov 4 (IANS) Indian garment exporters, already reeling under a severe demand crunch in key markets, have expressed concern over the application for bankruptcy protection filed in the US by CIT group, among the largest lenders to small and medium sized businesses.“Nearly 80 percent of Indian exporters ...
    3 weeks ago
  • Biggest Financial Firms Will Be Hurt by Capmark Bankruptcy


    InvestmentWatchAuthority Authority: 156
    By Paul Muolo When commercial mortgage giant Capmark Financial filed for bankruptcy protection last week its initial declaration included a page for its 30 largest unsecured creditors with one glaring omission: those creditors were not named. After a bit of digging — and with the assistance the kind folks at ...
    4 weeks ago
  • CIT files for Chapter 11 bankruptcy protection


    Survival News NetworkAuthority Authority: 142
    Lender CIT Group has filed for Chapter 11 bankruptcy protection, in an effort to restructure its debt while trying to keep loans flowing to the thousands of mid-sized and small businesses.CIT made the filing in New York bankruptcy court Sunday, after a debt-exchange offer to bondholders failed. CIT said in a statement ...
    4 weeks ago
  • The number of people who are filing for some


    Lucrative InvestingAuthority Authority: 526
    In Great Britain, PriceWaterhouseCoopers has said that more and more people are declaring bankruptcy at an increasing rate, however the number of people who are declaring bankruptcy isn’t increasing at the rate that was expected. In February 2009, 67,428 people declared bankruptcy and another almost 40,000 people ...
    4 weeks ago
  • CIT files for Chapter 11 bankruptcy protection


    Business Finance & Economy - business.marc8.comAuthority Authority: 166
    Lender CIT Group has filed for Chapter 11 bankruptcy protection, in an effort to restructure its debt while trying to keep loans flowing to the thousands of mid-sized and small businesses.
    4 weeks ago
  • CIT Group files for US bankruptcy


    RecordingAuthority Authority: 164
    The US lender, CIT Group, files for bankruptcy protection, after a debt-exchange offer to bondholders fails.
    4 weeks ago
  • CIT files for Chapter 11 bankruptcy protection


    Get Out of Dodge!Authority Authority: 136
    Lender CIT Group has filed for Chapter 11 bankruptcy protection, in an effort to restructure its debt while trying to keep loans flowing to the thousands of mid-sized and small businesses. CIT made the filing in New York bankruptcy court Sunday, after a debt-exchange offer to bondholders failed. CIT said in a ...
    4 weeks ago

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