Recent Bankruptcy Articles page 9

Rochester Democrat and Chronicle - The auto parts manufacturer, with a sizable Rochester presence, was unable to win approval of the disclosure statement on the first attempt, on Oct. 3, because of difficulties in arranging $7.1 billion in financing to emerge from bankruptcy. The ...

New York Post - October 20, 2007 -- The world-renowned Salander-O'Reilly Galleries could soon file for bankruptcy as dozens of wealthy clients line up to sue the gallery on charges of secretly selling their art and stealing the proceeds. In back-to-back state and ...

New York Post - Penguins co-owner Mario Lemieux will get $21 million as part of the team's settlement of its 1990s bankruptcy, the Pittsburgh Post-Gazette reported. Lemieux was owed $32 million in deferred compensation when he retired as a player in 1997. He won't ...

Seattle Times - Penguins co-owner Mario Lemieux will get $21 million as part of the team's settlement of its 1990s bankruptcy, the Pittsburgh Post-Gazette reported. Lemieux was owed $32 million in deferred compensation when he retired as a player in 1997. The Hall of ...

MSN MoneyCentral - Dow Jones produces sector-specific products and events for the private equity, venture capital and diversified markets including VentureWire, Private Equity Analyst and Daily Bankruptcy Review. Dow Jones & Company (NYSE: DJ; dowjones.com) is a ...

Detroit Free Press - Delphi Corp. has delayed a bankruptcy court hearing that was slated for Thursday in New York City so the company has more time to negotiate changes to its reorganization plan. The company has asked for two more weeks to change its plan, as well as ...

FOXSports.com - PITTSBURGH (AP) - Pittsburgh Penguins co-owner Mario Lemieux will get $21 million (?14.7 million) as part of the team's settlement of its 1998 bankruptcy. "He's finally getting paid from his playing contract that he signed in 1992," team spokesman ...

Minneapolis Star Tribune - Both men, who were hired by Northwest in the mid-1980s, pledged to focus their efforts on making improvements to the concessionary labor contract the pilots entered into while the company was in bankruptcy. "The bankruptcy contract continues to have ...

Daily Telegraph - Britain will use the summit to push for agreements on how bank insolvencies are dealt with – amid suspicion that archaic British laws on bankruptcy were partly responsible for the Northern Rock crisis. Last week Bank of England governor Mervyn King ...

Street.Com - The dismal news seems to have given Tousa's unsecured creditors cause for concern that Tousa may be on its way to a bankruptcy filing. A creditor group that owns more than $1 billion in senior notes and subordinated debt has hired law firm Akin Gump ...