Bankruptcy Articles page 6

Arizona Daily Star - A judge ruled that Tucson-based copper producer Asarco LLC can raise the salary of CEO Joseph Lapinsky from $425,000 to $500,000, pay him an $85,000 bonus, and make him eligible for another performance bonus for as much as 75 percent of his salary ...

Times Online - There were minor fumbles in handling the Northern Rock near-bankruptcy, but basically the system survived. However the American and European money was not a magic elixir that solves all economic difficulties. There are certain problems inherent in ...

Chicago Tribune - United appears to be following a strategy set by Air Canada, which gained billions of dollars after it emerged from bankruptcy in 2004 by spinning off its maintenance division and frequent-flier program into separate businesses, analysts say. ...

BusinessWeek - Score one for the law of unintended consequences. In past periods of economic turbulence, American households were able to escape mountains of bad debt—and keep their homes—by declaring bankruptcy. During the weak growth years from 2001 to 2003 ...

Boston Globe - Along with foreclosure, loss of savings, impaired credit and even bankruptcy are predictable consequences. Greater Boston service providers are already seeing an increase in family homelessness and it appears that a larger number of the newly ...

Cape Cod Times - The suspension of Dr. Rahul Chaturvedi's license comes on the heels of his filing for personal and professional bankruptcy, claiming debts of more than $1 million. One of his top creditors is the IRS, according to U.S. Bankruptcy Court documents. But ...

Washington Post - Or it could end up as the next Boston Market , which overexpanded in the 1990s and filed for bankruptcy protection. "It's like the guy who is balancing several spinning plates on sticks all at once," said Dennis Lombardi, executive vice president for ...

Guardian Unlimited - We in this party have to realize the American people are sick and tired of big government, big government overseas, an empire we can't maintain, the bankruptcy of this country, and also the attack on our personal civil liberties. We don't have ...

Baltimore Sun - Surging defaults on mortgages to homebuyers with poor credit histories pushed two of the firm's hedge funds into bankruptcy and eroded its fixed-income revenue. "Bear Stearns has been behind the curve internationally; this will help them catch up ...

Detroit Free Press - Bondholders in Delphi Corp.'s Chapter 11 bankruptcy case are protesting the company's plan to pay shareholders to settle two class actions against the company. In court papers filed Friday, five investment groups holding at least $420 million in ...