Bankruptcy News
- - A new report shows the failed Lehman Brothers used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy.
- - March 12 (Bloomberg) -- Willcom Inc. , the Japanese wireless carrier that filed for bankruptcy protection, is seeking financial aid of as much as 137.8 billion yen ($1.5 billion) to revive the company.
- - Lehman Brothers Holdings Inc used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008, a court-appointed examiner said, but he did not find extensive wrongdoing.
- - Lenny Dykstra, the former star baseball center fielder, has asked a federal judge to dismiss his bankruptcy case.
- - The eighth in our 'ask the expert' series, which sees Kevin Boon of the Consumer Credit Counselling Service (CCCS) answer a question on bankruptcy.
- - A proposal to make our bankruptcy system simpler and to make it easier for debtors to get back on their feet.
- - March 11 (Bloomberg) -- The former federal prosecutor who probed Lehman Brothers Holdings Inc. ’s $639 billion bankruptcy won permission to publish his report on how the bank tumbled to the biggest failure in U.S. history.
- - Lyondell Chemical Co. plans to raise $6.05 billion in bonds, loans and equity to repay debt after it emerges from bankruptcy protection. The chemical maker, based in Houston, is seeking $3.25 billion by selling senior secured bonds and borrowing through a senior term loan, according to a statement distributed Thursday. It also plans to raise $2.8 billion in a rights offering.
- - Florida-based Celebrity Resorts, which in 2008 bought David Walley's Hot Springs Resort and Spa south of Genoa, has filed for Chapter 11 bankruptcy protection under the weight of $27.8 million in debt. According to documents filed Monday in federal bankruptcy court in Orlando, Celebrity Resorts and its 35 affiliates, together overseeing 13 resorts nationwide, cited the economy as grounds for the ...
- - Florida-based Celebrity Resorts, which in 2008 bought David Walley's Hot Springs Resort and Spa south of Genoa, has filed for Chapter 11 bankruptcy protection under the weight of $27.8 million in debt. According to documents filed March 8 in federal bankruptcy court in Orlando, Celebrity Resorts and its 35 affiliates, together overseeing 13 resorts nationwide, cited the economy as grounds for ...
