Highlights
A collection of news and information related to Financially Distressed Companies published by this site and its partners.
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Battling a Motion to Strip or Motion to Value in Bankruptcy Court
Blog Sponsored by Taylor & Carls, P.A. The association has finally obtained its foreclosure judgment for nonpayment of assessments. A sale date has been set. Then, the owner files bankruptcy. What does the association then do? Historically, and...Tags: Tampa, Mortgages, Bankruptcy, Financial and Business Services, St. Petersburg (Pinellas, Florida)
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Christian Brothers settle suit with 400 sex abuse victims
The Roman Catholic religious order that runs Brother Rice High School in Chicago and St. Laurence High School in Burbank didn't want Brother Edward Chrysostom Courtney in Chicago any longer. So in the early 1970s, the Irish Christian Brothers shipped...Tags: Trials, Crime, Law and Justice, Roman Catholic Sex Abuse Scandal, Abusive Behavior, Bankruptcy
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Judge rules gifts cards from belly-up Borders bookstores worthless
Those clinging hopefully to the old Borders books gift cards stashed in their drawers or wallets are out of luck, a Manhattan federal judge ruled Wednesday. According to Reuters, there are about $210.5 million worth of such cards that had not been used by...
Tags: Trials, Books, Judges, Borders Group Incorporated (MI), Books and Magazines
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In Karoly will dispute, millions in administrative expenses
In the end, lawyers could end up with most of the money in the bitterly contested estates of Allentown medical malpractice attorney Peter Karoly and his wife, Dr. Lauren Angstadt. During six years of legal limbo, the estates have racked up $3.74...Tags: Crime, Law and Justice, Economy, Business and Finance, Judges, Bankruptcy, Finance
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AMF Bowling plans to merge with New York-based company
AMF Bowling Worldwide Inc. plans to merge with New York-based bowling center operator Bowlmor, the Richmond Times-Dispatch reported. The merger is part of the plan for Hanover County-based AMF Bowling to pay creditors’ debts and exit Chapter 11...
Tags: Economy, Business and Finance, Companies and Corporations, Bankruptcy, Sports, Bowling
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KidsPeace files for bankruptcy
Carrying $240 million in debt, Orefield-based KidsPeace filed for bankruptcy Tuesday. The move comes after years of struggles in which the organization that gives treatment to troubled and autistic children laid off workers and missed debt payments....
Tags: Orefield, Layoffs and Downsizing, Career and Workplace, Lehigh County, Unemployment
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Fiat weighs shifting its HQ to the U.S.
Fiat, the century-old Italian automaker, appears poised to move its headquarters to the U.S. after its planned merger with Chrysler Group. The move would be unprecedented in the automotive industry, experts said, because of Fiat's deep roots. "To...
Tags: Fiat, Manufacturing and Engineering, Chrysler, Science and Technology, University of Michigan
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Car Promises That Weren't Kept
KickingTiresEver wonder what happened to events in the auto industry that were supposed to occur but didn't? You might have seen a news story on a site like ours of a promise by an automaker that sounded legitimate with lots......Tags: SUVs and Crossovers, Consumers, Trucks, Mercedes-Benz, Barack Obama
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Report: GM stock prices finally eclipse $33 IPO price
Autoblog.comFiled under: GM, Earnings/Financials General Motors has reached an important milestone this morning: the price for one share of the company has climbed to over $33. That's higher than the Initial Public Offering price from 2010. At roughly 12:15PM Eastern... -
How not to run a local government
One of the more enjoyable aspects of my public career was an excellent relationship with public safety unions. Law enforcement, fire and EMT groups were supportive of my races for the state legislature, Congress and governor. Although not unheard of,...Tags: National Government, U.S. Congress, Government, Interior Policy, Health and Safety at Work
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Some recession victims feel lucky to be working harder
arnoldp@herald-mail.comOne thing Ed Grimes hates about his current work schedule is trying to explain it to others. “It’s confusing,” he said. Since being laid off in 2009 after nearly four decades at Hagerstown’s Noland Company, the 61-year-old...Tags: Unemployment Benefits, Values, Sales, Sports, Labor Markets
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Aberdeen-area bankruptcies for May 9-15, 2013
Here are bankruptcy filings in U.S. Bankruptcy Court, District of South Dakota, for May 9-15, 2013. Individuals can file Chapter 7 petitions (asking that debts be liquidated); Chapter 12 (a simplified reorganization method for farmers and ranchers...Tags: Bankruptcy
May 24, 2013
|Story| Orlando Sentinel
May 23, 2013
|Story| Chicago Tribune
May 23, 2013
|Story| Los Angeles Times
May 20, 2013
|Story| Allentown Morning Call
May 22, 2013
|Story| Daily Press
May 21, 2013
|Story| Allentown Morning Call
May 17, 2013
|Story| Los Angeles Times
May 16, 2013
|Blog| Cars.com
May 17, 2013
|Blog| Autoblog.com
May 19, 2013
|Column| Baltimore Sun
May 18, 2013
|Story| Herald Mail
May 19, 2013
|Story| Aberdeen News
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