International Business News - bankruptcy http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Alabama's largest county offered a plan Friday to restructure its $3.2 billion sewer debt and, at least for now, put off filing the largest municipal bankruptcy in U.S. history. http://www.ibtimes.com/articles/20080829/ala-governor-in-talks-over-county-debt-crisis.htm Fri, 29 Aug 2008 17:27:54 EDT A Grupo Mexico subsidiary has filed a bankruptcy reorganization plan seeking to regain control of copper producer Asarco LLC, based in Tucson, U.S. Bankruptcy Court documents show. http://www.ibtimes.com/articles/20080827/grupo-mexico-files-asarco-reorganization-plan.htm Wed, 27 Aug 2008 19:42:13 EDT A bankrupcty judge said Wednesday that Mrs. Fields Original Cookies Inc. can continue to pay workers and vendors in the normal course of business. The approval was part of the company's first-day motions, which a company makes near the start of its bankruptcy to get court approval of basic business expenditures such as employee wages and payment of goods and services from vendors. The company now has access to $90 million to fund operations and will seek a $10 million credit line. http://www.ibtimes.com/articles/20080827/judge-mrs-fields-can-pay-workers-vendors.htm Wed, 27 Aug 2008 14:31:20 EDT Nearly 1 million individuals and businesses filed bankruptcy in the 12 months ended June 30, according to U.S. Court data released Wednesday. There were 967,831 bankruptcy cases filed since July 1, 2007, up 28.9 percent from the prior 12 months, when cases totaled 751,056. http://www.ibtimes.com/articles/20080827/bankruptcy-filings-near-1-million-in-past-year.htm Wed, 27 Aug 2008 12:06:40 EDT Mrs. Fields Famous Brands LLC said Friday it plans to file for Chapter 11 protection. The cookie company is reorganizing and working out a prepackaged plan with its creditors, according to a filing Friday with the Securities and Exchange Commission. http://www.ibtimes.com/articles/20080815/mrs-fields-plans-to-file-for-chapter-11.htm Fri, 15 Aug 2008 17:02:34 EDT Alabama's largest county appears headed for the biggest municipal bankruptcy in U.S. history, a $3.2 billion mess created by the nation's credit crunch and a colossal, corruption-riddled sewer project. http://www.ibtimes.com/articles/20080815/ala-county-faces-biggest-us-municipal-bankruptcy.htm Fri, 15 Aug 2008 15:16:34 EDT General Motors Corp. has agreed to lend Delphi Corp. an additional $300 million as the auto parts supplier struggles to get out of bankruptcy protection, according to a court filing. http://www.ibtimes.com/articles/20080807/gm-agrees-to-increase-loan-to-delphi-by-350m.htm Thu, 07 Aug 2008 18:16:48 EDT Most of the farmers affected by Alvo Grain and Feed's bankruptcy this spring will receive only partial payments for their losses under a liquidation plan the Nebraska Public Service Commission has approved. http://www.ibtimes.com/articles/20080806/payments-approved-in-neb-grain-elevator-failure.htm Wed, 06 Aug 2008 10:25:56 EDT A unit of BAE Systems' U.S. operations has received a contract from the Administrative Office of the U.S. Courts to manage its bankruptcy notice center, the company said Monday. http://www.ibtimes.com/articles/20080804/bae-gets-contract-to-manage-bankruptcy-notices.htm Mon, 04 Aug 2008 15:56:11 EDT Carl Icahn's WCI Communities became the latest casualty of the housing market crisis Monday, filing for Chapter 11 bankruptcy protection after the home builder failed to get additional financing in the face of massive losses. http://www.ibtimes.com/articles/20080804/wci-communities-files-for-bankruptcy.htm Mon, 04 Aug 2008 13:47:49 EDT IndyMac Bancorp Inc., former holding company of the California mortgage lender seized last month by the Federal Deposit Insurance Corp., has filed for Chapter 7 bankruptcy protection. http://www.ibtimes.com/articles/20080801/indymac-bancorp-to-file-for-chapter-7-bankruptcy.htm Fri, 01 Aug 2008 15:04:09 EDT NorthWestern Corp., an electricity and natural gas provider, said Wednesday that a U.S. bankruptcy court will allow the company to use cash rather than stock and accruals to pay holders of former debt and allowed unsecured claims. http://www.ibtimes.com/articles/20080730/court-approves-northwestern-distribution-motion.htm Wed, 30 Jul 2008 14:03:39 EDT Department store chain Mervyns LLC filed for bankruptcy protection on Tuesday, the latest in a series of merchants stumbling in the harsh retail environment and another blow to the nation's struggling malls. http://www.ibtimes.com/articles/20080729/mervyns-files-chapter-11-bankruptcy-protection.htm Tue, 29 Jul 2008 18:56:40 EDT A bankruptcy judge said Monday that auto parts maker Delphi Corp. can pursue a lawsuit designed to force hedge fund Appaloosa and several others to participate in a $2.55 billion equity deal that they had earlier abandoned. http://www.ibtimes.com/articles/20080728/judge-lets-delphi-pursue-lawsuit-against-appaloosa.htm Mon, 28 Jul 2008 13:36:29 EDT Lawyers for the Appaloosa Management hedge fund on Friday argued that it had the right to abandon a $2.55 billion plan to invest in Delphi Corp., and they asked a judge to dismiss the auto parts maker's lawsuit over the dissolution of the deal. http://www.ibtimes.com/articles/20080725/judge-hears-arguments-in-delphi-appaloosa-case.htm Fri, 25 Jul 2008 17:10:11 EDT Frontier Airlines Holdings Inc. said Friday that investment firm Perseus LLC will be able to buy almost 80 percent of the equity in the airline as it emerges from bankruptcy protection. http://www.ibtimes.com/articles/20080725/perseus-can-control-frontier-after-bankruptcy.htm Fri, 25 Jul 2008 13:35:10 EDT A judge in Grand Rapids has ordered a receiver appointed to run the Double JJ Resort, which remains open under Chapter 11 federal bankruptcy protection. http://www.ibtimes.com/articles/20080724/bankruptcy-court-seizes-mich-resorts-operations.htm Thu, 24 Jul 2008 11:00:02 EDT Teppco Partners LP, which operates energy pipelines, said Wednesday it does not expect to be affected by SemGroup LP's bankruptcy filings. Teppco said one of its subsidiaries, Teppco Crude Oil LLC, is listed as an unsecured creditor in Tuesday's Chapter 11 filings by SemGroup on behalf of four of its units. Bad bets on oil futures contracts apparently pushed the midstream energy company into the filing. http://www.ibtimes.com/articles/20080723/teppco-partners-says-unharmed-by-semgroup-filing.htm Wed, 23 Jul 2008 11:06:12 EDT NorthWestern Corp., an electricity and natural gas provider, said Friday a bankruptcy court has approved a settlement between NorthWestern, Magten Asset Management, Law Debenture Trust Company of New York and holders of quarterly income preferred securities. http://www.ibtimes.com/articles/20080711/northwestern-pays-23m-bankruptcy-settlement.htm Fri, 11 Jul 2008 14:26:23 EDT Imprisoned quarterback Michael Vick filed for bankruptcy protection while serving time for federal dogfighting charges, saying he owes between $10 million and $50 million to creditors. http://www.ibtimes.com/articles/20080708/former-falcons-qb-vick-files-for-bankruptcy.htm Tue, 08 Jul 2008 11:04:10 EDT