| Toora Poland says hit by bankruptcy filing from creditor http://www.forbes.com/afxne... Bankruptcy Articles Forbes - WARSAW (Thomson Financial) - Troubled Polish auto components maker Toora Poland said late yesterday one of its creditors had applied for the company to be declared bankrupt. Shares in Toora have have sunk in value since the middle of September, when ... |
| Bear Stearns, China firm swap investments http://www.baltimoresun.com... Bankruptcy Articles 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 ... |
| Delphi shareholder pay plan opposed http://www.freep.com/apps/p... Bankruptcy Articles 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 ... |
| American Express net tops estimates http://www.chicagotribune.c... Bankruptcy Articles Chicago Tribune - Provisions for losses in the U.S. surged 44 percent from what the company called "unusually" low levels a year earlier, when the after-effects of a new bankruptcy law cut bad debts. The report came out after the close of trading. In other earnings news ... |
| Australia's S&P/ASX 200 Climbs, Led by National Australia Bank http://www.bloomberg.com/ap... Bankruptcy Articles Bloomberg - Citic Securities Co. investment in New York-based Bear Stearns encouraged investor confidence in a bank that saw U.S. loan defaults push two of its hedge funds into bankruptcy. ``It's an indication of the sort of money people are willing ... |
| Neumann to file for bankruptcy http://www.chicagotribune.c... Bankruptcy Articles Chicago Tribune - Crippled by the downturn in the housing market, Neumann Homes, one of Chicago's largest home-building companies, said Monday that it plans to file for bankruptcy. Neumann, based in Warrenville, said it closed all of its sales, production and customer ... |
| Randolph selectmen terminate police officer http://www.boston.com/news/... Bankruptcy Articles Boston Globe - The town's lawyer, Peter Berry, argued that Estrela needed money because he had filed for bankruptcy in 2004. Selectmen met in closed session Saturday and voted 3 to 2 to fire Estrela. Selectmen Richard W. Wells, Maureen C. Kenney, and William ... |
| Auto briefs http://www.detnews.com/apps... Bankruptcy Articles Detroit News - Delphi Corp. , the biggest U.S. auto-parts maker, may sell the majority of its shock absorber and strut business as the company pares operations in bankruptcy. The company said on Monday that it hired W.Y. Campbell & Co. to seek buyers for the Global ... |
| Stern Files Claim Involving Smith Estate http://www.cbsnews.com/stor... Bankruptcy Articles CBS News - Stern filed his creditor's claim Oct. 18 in Los Angeles Superior Court, citing a contingent fee agreement on file in bankruptcy court. Smith, who died in February Florida, was the widow of Texas oil tycoon J. Howard Marshall II. She had been fighting ... |
| More Debtors Use Bankruptcy To Keep Homes http://online.wsj.com/artic... Bankruptcy Articles Wall Street Journal - With loan defaults rising along with many mortgage payments, fast-growing numbers of homeowners are gambling on bankruptcy filings to try to stay in their homes. Last month, as the nation's housing slump continued, consumer bankruptcy filings ... |