Bankruptcy Law News

Sea Containers set for Chapter 11
The troubled container leasing group that owns the GNER rail service is on the brink of filing for Chapter 11 bankruptcy protection after warning it is unlikely to be able to repay its creditors.

Air America Radio Files for Chapter 11
Liberal Talk Radio Network Air America Files for Chapter 11 Bankruptcy Protection

Bankrupt Northwest Airlines predicts 'modest profit' for the year
MINNEAPOLIS -- Northwest Airlines Corp. on Monday predicted a "modest profit" for the year as it reorganizes in bankruptcy, but it also said it will lose money through the end of the...

Rose Furniture Company closing its doors
HIGH POINT -- The Rose Furniture Company has been a centerpiece of High Point's furniture business for more than 80 years, but now the company is being forced to close its doors.

The horse race
Spokane Spokesman-Review - Richard filed Chapter 7 bankruptcy, which means his debts didn t have to be repaid. "I was advised by credit counselors that this was the only option," Richard said, although he refused to say how much debt was written off. At the time, he was

Bankruptcy hearing for Krispy Kreme franchisee postponed
AZCentral.com - Bankruptcy proceedings for the Valley's Krispy Kreme franchisee were put on hold Friday to make sure former employees are notified about creditor hearings. The first meeting of creditors in Rigel Corp.'s Chapter 7 bankruptcy case was rescheduled to

Flash back
Kansas City Star - The names, along with those of three bonding companies that loaned her money, were on a list of creditors Neal filed when she sought Chapter 7 bankruptcy relief in May 2005. Neal is no longer a judge and is currently serving a federal prison sentence

Hospital to honor 9/11 survivor, college president
Times Herald-Record - Cornell University's Orange County Cooperative Extension is offering a three-hour, classroom-based course that meets the legal requirement for personal finance education for anyone who has filed Chapter 7 or Chapter 13 bankruptcy in New York. Upon

The Bankruptcy Option
Forbes - Chapter 7 Versus Chapter 13 Bankruptcy If you file for personal bankruptcy, most likely it will be a Chapter 7 or Chapter 13 bankruptcy. In a Chapter 7 bankruptcy, your assets (except for property that is exempt under state or federal law) go into a

In the Garden
Fayetteville Observer - Q: What is the statute of limitations on Chapter 13 bankruptcy fraud and who do you report it to? What are the penalties for this? J.C., Clinton A: Federal authorities suspect bankruptcy fraud in 10 percent of the 2 million bankruptcy cases that

Thank you PR WEB.
PRWeb - While Chapter 7 bankruptcy filings are increasing most rapidly, there has been a steady month-to-month increase in the number of Chapter 13 bankruptcy cases filed as well. With so much confusing information in the media, the Total Bankruptcy website

Teaching kids it's OK to spend money
WorldNetDaily, OR - Aug 14, 2006... Focusing too much or too little on any of these is not healthy. Some close friends of ours filed Chapter 13 bankruptcy a few years ago. ...

Floridians make up for lost overtime
St. Petersburg Times, FL - Aug 17, 2006... In 2004, the Brooksville mother of six, reeling from a recent Chapter 13 bankruptcy filing with her husband, got a $7-an-hour job handling customer calls at ...

Felpausch, Spartan Stores eye closed Carter's sites
The court-appointed trustee for bankrupt grocer Carter's Inc. has identified seven potential buyers for the Charlotte-based company's 14 stores.

Great White Station Fire Update: Nightclub Owner's Bankruptcy Petition Finalized
The deadline for challenging a Chapter 7 bankruptcy petition filed by Jeffrey and Michael Derderian has passed, clearing the way for the federal court to shield the brothers from civil claims filed in The Station fire case.

High court suspends lawyer
A representative said Olivito lied and misled his clients.

WHO IS CHAZ HIGGS?
On July 11, state Controller Kathy Augustine dies unexpectedly, at age 50. A police investigation is announced. Her husband, Chaz Higgs, slashes his wrists, then disappears from public view. Now people want to know...

Mester back as orchestra director
Louisville Courier-Journal - He was already scheduled as a guest conductor late next month, and in March he had offered to lead a special program to raise money for the orchestra, which was then in a contract dispute with its musicians and spiraling toward Chapter 7 bankruptcy

Startup AmmoCore back from the dead
EETimes.com - SANTA CRUZ, Calif. AmmoCore, an EDA startup that filed for Chapter 7 bankruptcy last year, has apparently been resurrected. At an Aug. 4 shareholders meeting in Santa Clara, Calif., a new AmmoCore board was elected, consisting of co-founders Tom

Biz Buzz: Former owner of Hudson's Grill sues SLO County, Copelands
San Luis Obispo Tribune - Katz, who has filed for Chapter 7 bankruptcy protection, also claimed the county had a responsibility to assist businesses. But Wyatt Cash, assistant county counsel, said he does not know why Katz would sue the county for what appears to be city