News
Bankruptcy and financial news
- - LyondellBasell's U.S. operations filed for Chapter 11 bankruptcy protection on Tuesday, weighed down by a heavy debt and decreased demand due to the economic downturn.
- - Jan. 6 (Bloomberg) -- Basell Finance USA, an affiliate of LyondellBasell Industries AF SCA, one of the world’s largest closely held chemical producers, filed for bankruptcy protection in New York.
- - Jan. 6 (Bloomberg) -- Glitnir Bank hf , the 104-year-old Icelandic bank taken over by financial regulators, won U.S. bankruptcy protection, shielding it from lawsuits while it reorganizes in Reykjavik.
- - Jan. 6 (Bloomberg) -- Glitnir Bank hf , the 104-year-old Icelandic bank taken over by the country’s financial regulators, won U.S. bankruptcy protection while it reorganizes its main business in Reykjavik.
- - Jan. 6 (Bloomberg) -- MagnaChip Semiconductor LLC , the South Korean chipmaker, is likely to file for bankruptcy, according to KDP Investment Advisors Inc.
- - Michael Vick would have to keep a court official informed about his attempts to be reinstated by the NFL after his release from prison, under a revised bankruptcy plan proposed by his lawyers.
- - WASHINGTON -(Dow Jones)- U.S. Democratic lawmakers on Tuesday reintroduced legislation to change bankruptcy laws to allow homeowners to shrink their mortgage debts on primary residences, a measure fiercely opposed by the banking industry.
- - WASHINGTON (Reuters) - Legislation designed to stem foreclosures by allowing bankruptcy judges to erase some mortgage debt will be introduced by Congressional Democrats on Tuesday, and hopes are high that it will pass after a similar plan failed last year.
- - In Chapter 7, you must disclose all payments to creditors and family members to the trustee, says the Bankruptcy Adviser.
- - Silver State Bancorp, the Henderson-based holding company for failed Silver State Bank, this morning filed for bankruptcy, showing $24.6 million in assets and $69.9 million in liabilities.
