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Air America radio to file for bankruptcy

Liberal talk radio network Air America is planning to file for Chapter 7 bankruptcy, the company said Thursday. Read the original post: Air America radio to file for bankruptcy Continued here: Air America radio to file for bankruptcy

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Morris Publishing files for bankruptcy protection

AUGUSTA, Ga. – (AP) Daily newspaper owner Morris Publishing Group said Tuesday that it filed for Chapter 11 bankruptcy protection and plans to lower its debt by approximately $288.5 million Read the original here: Morris Publishing files for bankruptcy protection

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Affiliated Media, parent of Daily News owner MediaNews, to file for bankruptcy protection

Affiliated Media Inc., the holding company for MediaNews Group, whose newspapers include the Denver Post and several Southern California papers, plans to file for Chapter 11 bankruptcy protection. See the original post: Affiliated Media, parent of Daily News owner MediaNews, to file for bankruptcy protection Follow this link: Affiliated Media, parent …

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CIT Group seeks judge’s OK on bankruptcy exit plan (Reuters)

Reuters – U.S. See the original post: CIT Group seeks judge’s OK on bankruptcy exit plan (Reuters)

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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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Ciena buys Nortel ops for $769 million: sources

NEW YORK/HELSINKI (Reuters) – Ciena Corp will buy the optical networking and carrier ethernet business of bankrupt Nortel for $769 million, sources told Reuters, after it trumped Nokia Siemens Networks in a three-day auction. Follow this link: Ciena buys Nortel ops for $769 million: sources See the original post: Ciena buys …

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Diocese: Pedophile priests should get benefits (AP)

AP – The Catholic Diocese of Wilmington is obligated to pay retirement benefits to six priests who are confirmed pedophiles, church officials argued in a bankruptcy court filing seeking permission to keep making the payments. Link: Diocese: Pedophile priests should get benefits (AP) Read the original here: Diocese: Pedophile priests should get …

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General Growth, lenders agree on mall debt rework (AP)

AP – Mall operator General Growth Properties Inc., which filed for bankruptcy earlier this year, said Thursday its lenders have agreed to restructure some $8.9 billion in shopping mall mortgage loans. Excerpt from: General Growth, lenders agree on mall debt rework (AP) Here is the original post: General Growth, lenders agree on …

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CIT Group says bankruptcy plan wins wide support

NEW YORK (Reuters) – CIT Group Inc on Thursday said it has won overwhelming support from bondholders for its reorganization plan, as the big finance company tries to emerge from bankruptcy by the end of the year. Read the original: CIT Group says bankruptcy plan wins wide support View original post …

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Iceland’s deCODE genetics files for bankruptcy

REYKJAVIK, Iceland – (AP) Icelandic research company deCODE genetics Inc. filed for bankruptcy protection in the United States on Tuesday to facilitate the sale of its assets, the company announced. The petition for relief under Chapter 11 of the Bankruptcy Code was filed in D Read the original here: Iceland’s …

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