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More seek bankruptcy protection in S. Tier (Star-Gazette)
Credit card debt, medical expenses derail finances of many residents. For the past eight years, 36-year-old Gary Martz of Chemung struggled to pay off medical bills, judgments and credit card bills that totaled about $230,000.
Judge gives United Airlines two more months to file bankruptcy plan (Canada.com)
CHICAGO (AP) - A judge gave United Airlines two more months on Friday to devise its own bankruptcy reorganization plan, but warned there will be no further extensions unless there are “unforeseeable circumstances.”
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Bankruptcy rush blamed on change in law (Boston Herald)
Financially strapped Bay State residents are increasingly rushing to the courthouse to file for personal bankruptcy before a new law makes it tougher to seek protection from creditors. The number of people…
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British Airways deal delays bankruptcy filing for caterer (The Indianapolis Star)
London (AP) — British Airways PLC and the U.S. company that provides its in-flight meals agreed Tuesday to a new deal, delaying the catering company from filing for bankruptcy. But talks between the caterer and a union, on which the deal hinged, hit a stumbling block.
Anchor Glass files for bankruptcy (Okmulgee Daily Times)
TAMPA, Fla. - Anchor Glass Container Corp., the third-largest U.S. maker of glass containers, filed for bankruptcy protection again yesterday, three days after saying it was restating results from 2001 to 2003 because of improper accounting.
A rush to seek bankruptcy protection (International Herald Tribune)
Rushing to beat an October deadline, when the biggest overhaul of U.S. bankruptcy law in a quarter-century takes effect, rising numbers of Americans seeking to have their debts erased have filed for protection.
Stop using credit cards when filing bankruptcy (Detroit News)
Q. I’m planning to file bankruptcy, Chapter 7. Can or should I use my credit card up until I file? Will it have any consequences when I do file? Is there a time span for using it before filing?
Stop using credit cards when filing bankruptcy (Detroit News)
Q. I’m planning to file bankruptcy, Chapter 7. Can or should I use my credit card up until I file? Will it have any consequences when I do file? Is there a time span for using it before filing?
Compelling reasons to file bankruptcy (Bankrate.com via Yahoo! Finance)
Bankruptcy should be a last resort, but it’s worth it when it solves more problems that it causes, says the Debt Adviser.
Anchor Glass files for bankruptcy (Okmulgee Daily Times)
TAMPA, Fla. - Anchor Glass Container Corp., the third-largest U.S. maker of glass containers, filed for bankruptcy protection again yesterday, three days after saying it was restating results from 2001 to 2003 because of improper accounting.
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Delta to sell unit, bankruptcy possible (Reuters via Yahoo! News)
Delta Air Lines Inc. said on Monday it would sell its Atlantic Southeast Airlines Inc. regional airline unit for $425 million, but disclosed a steadily worsening financial picture and did not rule out seeking bankruptcy protection.
Foamex Considers Filing for Chapter 11 (AP via Yahoo! Finance)
Foamex International Inc., a maker of foam for carpets and furniture, saw its shares plunge to a new low Monday on news that the company is looking to restructure its debt and is considering filing for Chapter 11 bankruptcy protection.
Asarco bankruptcy filing stalls cleanup, housing development (The Tucson Citizen)
EVERETT, Wash. - The long-awaited cleanup of a century-old smelter site to make way for a townhouse development has been stalled by the bankruptcy filing of Asarco LLC, officials say.
Birch Telecom Files for Bankruptcy (AP via Yahoo! News)
Birch Telecom Inc. and its subsidiaries have filed for Chapter 11 bankruptcy protection, the company said Friday.
Bankruptcy Looms Over Asarco Obligations (RedNova)
Aug. 12–Asarco LLC’s bankruptcy filing this week raises questions about the future cleanup of 94 contaminated sites across the nation, including mine waste in Idaho’s Silver Valley and toxic outfall from a defunct smelter in Tacoma.
Asarco LLC Files for Bankruptcy (RedNova)
Asarco LLC, a U.S. copper mining company, has filed for bankruptcy in the wake of a monthlong strike by job action.
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Hawaiian Bankruptcy Trustee Seeks $8M Fee (AP via Yahoo! Finance)
The trustee who guided Hawaiian Airlines through its two-year bankruptcy case is seeking an $8 million fee. Joshua Gotbaum said he is entitled to the fee, considering that the reorganization plan he assembled repaid creditors in full and allowed existing stockholders to keep their shares.
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Personal insolvencies hit record high (Guardian Unlimited)
Money: The number of personal insolvencies in England and Wales has risen to its highest level in 45 years.
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Spud farmers ‘jumping up and down in their fields’ after Atkins filing (Casper Star-Tribune)
BOISE, Idaho (AP) — After being vilified as culprits behind rising obesity in America, potato farmers from Paul to Pocatello felt vindicated this week after learning that a company that led the low-carb diet craze has sought bankruptcy protection.
United Airlines puts back exit from bankruptcy (AFP via Yahoo! News)
US carrier United Airlines may not emerge from bankruptcy until early next year after delays to a restructuring plan, a company official said.
United delays filing plan to exit bankruptcy (USA Today)
United Airlines said Tuesday it has delayed filing a reorganization plan to leave bankruptcy, a move that could push its exit from Chapter 11 protection into next year.
Atkins Nutritionals diet company files for bankruptcy (Montana Standard)
NEW YORK (AP) Atkins Nutritionals Inc., the company that promoted low-carb eating into a national diet craze, filed for bankruptcy court protection Sunday, a company spokesman said.
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