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{ Monthly Archives } July 2009

Moyes challenges Reinsdorf’s bid for Coyotes

PHOENIX – (AP) Phoenix Coyotes owner Jerry Moyes has challenged Jerry Reinsdorf’s bid to buy the financially troubled hockey team. In a motion filed in bankruptcy court on Thursday, Moyes’ attorney said that Reinsdorf’s bid “cannot be approved as a matter of law” and tha Continue reading here: Moyes challenges …

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Bankruptcy judge approves lender’s bid for Delphi

NEW YORK – (AP) A bankruptcy judge on Thursday approved Delphi Corp. See the article here: Bankruptcy judge approves lender’s bid for Delphi

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Southwest makes counter-bid for Frontier Airlines

DALLAS – (AP) Southwest Airlines Co. is trying to trump a rival bid and acquire Frontier Airlines, a Denver-based carrier operating under bankruptcy protection. The move could strengthen Southwest’s position in Denver and speed the low-cost carrier’s expansion into new markets suc See the article here: Southwest makes counter-bid for …

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Hearing set on Vick’s revised bankruptcy plan (AP)

AP – Michael Vick is again seeking approval of his Chapter 11 bankruptcy plan to repay creditors. See the rest here: Hearing set on Vick’s revised bankruptcy plan (AP) Read more: Hearing set on Vick’s revised bankruptcy plan (AP)

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Court OK clears way for Delphi to emerge from bankruptcy

GM is expected to take over several Delphi plants. The rest is here: Court OK clears way for Delphi to emerge from bankruptcy

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Southwest makes bid to buy Frontier Airlines

DALLAS — Southwest Airlines Co. is seeking to trump a rival bid and acquire Frontier Airlines, a Denver-based carrier operating under bankruptcy protection. See the original post here: Southwest makes bid to buy Frontier Airlines

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BANKRUPTCY: Consumer Bankruptcies Rise in Recession

http://www.voanews.com/english/AmericanLife/2009-07-31-voa29.cfm

Delphi judge indicates plan to approve lender bid

NEW YORK – (AP) The judge overseeing Delphi Corp.’s bankruptcy case indicated Wednesday that he will approve the auto supplier’s plan to hand control of the company to its lenders and eventually end its nearly four-year stay in Chapter 11. “To me it seems like a valid exercis See the …

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Frank threatens banks to stop foreclosures

WASHINGTON – (AP) A senior House Democrat threatened banks Wednesday that if they don’t volunteer to save more homeowners from foreclosure, Congress will make them. In a sternly worded statement, Rep. Barney Frank said Congress will revive legislation that would let bankruptcy jud Here is the original post: Frank threatens …

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Alabama’s Largest County Faces Bankruptcy

Jefferson County, Ala., the state’s largest county, may put up to 1,400 employees on administrative leave next month. More: Alabama’s Largest County Faces Bankruptcy

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