Recent Bankruptcy Articles page 7

Chicago Tribune - Neumann Homes, one of Chicago's largest homebuilders, announced on Monday that it intends to file for bankruptcy. The company said in a press release at 5 p.m. that it had been "unable to procure adequate funding" to operate its business. Marketing ...

USA Today - Last spring, Delta's largest creditors, seeking someone with significant airline experience to monitor the company's management after it emerged from bankruptcy, asked him to serve on the board. Surprise suggestion There was no hint, he says, that he ...

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 ...

BusinessWeek - The Bankruptcy Squeeze If housing didn't already have enough problems, here's one more: A tougher bankruptcy law makes it harder for struggling families to stay in their homes. The 2005 law is designed to pressure Americans to pay more of their credit ...

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 ...