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From the Hospital Room to Bankruptcy Court

Lawyers and court officials say that medical debt is leading to more bankruptcies. Read more from the original source: From the Hospital Room to Bankruptcy Court

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Washington Mutual argues JPMorgan owes it $4 billion

WILMINGTON, Delaware (Reuters) – Washington Mutual Inc told a federal judge on Thursday that JPMorgan should be forced to return more than $4 billion to the bankrupt holding company, whose bank was seized by regulators and sold to JPMorgan. Read more from the original source: Washington Mutual argues JPMorgan owes …

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CIT debt swap struggles, bankruptcy looms

NEW YORK (Reuters) – CIT Group Inc is seeing little interest from bondholders in a debt exchange offer aimed at repairing its fragile balance sheet, making bankruptcy increasingly likely, sources familiar with the matter said. Read more from the original source: CIT debt swap struggles, bankruptcy looms

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Lehman asks to unseal documents from Barclays probe

NEW YORK (Reuters) – Lehman Brothers Holdings Inc and its unsecured creditors asked a bankruptcy judge on Thursday to unseal court documents related to an investigation of the sale of Lehman’s core U.S. assets to Barclays PLC . Read more from the original source: Lehman asks to unseal documents from …

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Lehman asks to unseal documents from Barclays probe

NEW YORK (Reuters) – Lehman Brothers Holdings Inc and its unsecured creditors asked a bankruptcy judge on Thursday to unseal court documents related to an investigation of the sale of Lehman’s core U.S. assets to Barclays PLC . Read more from the original source: Lehman asks to unseal documents from …

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Bankruptcy Judge OK’s Thistledown, Remington Sales

Judge approves Magna Entertainment’s sale of Thistledown, Remington tracks for almost $170M Read more from the original source: Bankruptcy Judge OK’s Thistledown, Remington Sales Visit link: Bankruptcy Judge OK’s Thistledown, Remington Sales

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Owner of Orange County Register May File for Bankruptcy

Freedom Communications could become the latest victim in the decline of newspapers, filing for Chapter 11 reorganization this week. Read more from the original source: Owner of Orange County Register May File for Bankruptcy Originally posted here: Owner of Orange County Register May File for Bankruptcy

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Don’t Buy This General Motors Stock

The leftover bankruptcy assets are trading but this is not the new car company. View original post here: Don’t Buy This General Motors Stock Read more from the original source: Don’t Buy This General Motors Stock

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Ericsson takes Nortel wireless assets for $1.13 billion

TORONTO (Reuters) – Sweden’s Ericsson has won an auction for the wireless assets of bankrupt Nortel Networks Corp, paying $1.13 billion for the crown jewels of the one-time Canadian telecom star. Read more from the original source: Ericsson takes Nortel wireless assets for $1.13 billion Visit link: Ericsson takes Nortel wireless …

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Tribune Co seeks court OK to pay execs bonuses

NEW YORK (Reuters) – Bankrupt newspaper publisher Tribune Co has asked a federal bankruptcy judge to approve its plan to pay bonuses to its top employees. Read more here: Tribune Co seeks court OK to pay execs bonuses Read more from the original source: Tribune Co seeks court OK to pay …

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