Bankruptcy Law News

Defendant pleads not guilty in Thaxton Group fraud trial
Columbia State - The man charged with being the architect of Thaxton Group Inc. s disastrous $120 million junk bond sale says the true blame rests with the company s president. That is the shape the defense of James T. Garrett Jr., 51, appears to be taking, after

In Brief
Modesto Bee - ATLANTA The federal mediator overseeing negotiations between UPS Inc. and its pilots union on Friday called for an indefinite recess in contract talks. The recess comes a day after the Independent Pilots Association threatened to ask to be

Delphi Shareholders May Not Get Anything
WANE-TV - (Washington-Dow Jones/AP) Delphi says its shares are worthless. The auto supplier said in a regulatory filing that it's "highly unlikely" that holders of common shares will receive anything in the reorganization. Delphi also says a shareholder

The Cost (So Far) Of Chapter 11 For NWA: $346 Million
Aero-News Network, FL - Nov 30, 2005Northwest Airlines reported Wednesday the carrier has lost a combined $346 million during the first six weeks of operating under Chapter 11 bankruptcy. ...

Calpine Agreement Staves Off Chapter 11
Los Angeles Times, CA - Dec 9, 2005Power producer Calpine Corp. reached an agreement keeping it from the immediate repayment of as much as $3 billion in notes, which ...

Katrina response, courthouse killings, Georgia's top 2005 stories
Macon Telegraph, GA - 18 hours ago... Hobbled by rising fuel costs, heavy debt and pension obligations, the nation's third largest airline filed for Chapter 11 protection from its creditors in ...

Automakers' troubles fuel investor concern
Duluth News Tribune, MN - 14 hours ago... winds up filing. And GM has insisted it has no plan to file for Chapter 11 protection. ... If GM files for Chapter 11, it will happen without warning. ...

Shutter firm's bankruptcy angers creditors
Palm Beach Interactive - FORT LAUDERDALE Nearly 100 angry customers of Palms Shutter and Screen Co. traveled here from their homes in Palm Beach County in hopes that they might air their grievances against the company at its first creditors meeting in federal bankruptcy