Can BP can financially survive the disaster in the Gulf? Sure, the oil giant is a diverse, international money-making machine, but the Guardian reported Monday that BP had already spent $1.25 billion seven weeks into the oil spill, with no clear end in sight. The company will be dealing with an avalanche of lawsuits for [...]
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Garlock Sealing Technologies Files For Chapter 11 Protection
Garlock Sealing Technologies LLC, a maker of industrial gaskets and sealing systems, filed for Chapter 11 protection Saturday in North Carolina along with two affiliates in order to get a handle on its asbestos-related personal injury claims. A wholly owned subsidiary of publicly traded industrial products maker EnPro Industries Inc. (NPO), Garlock said its primary [...]
Bonds May Push Cities to Bankruptcy
June 7 (Bloomberg) — The bonds designed by the U.S. government to help municipalities recover from the worst recession since the Great Depression may cost them millions of dollars in unforeseen borrowing costs instead of saving them money. Build America Bonds were part of the American Recovery and Reinvestment Act, passed in 2009. The government [...]
G-20 Is Nearing Accord on New Capital Rules
BUSAN, South Korea — World financial leaders pledged Saturday to push ahead on curbing deficits and crafting financial reforms to safeguard the global recovery, including making banks bear much of the burden for government bailouts. As expected, the finance ministers and central banks gathered in this southern port city finessed what some said were at [...]
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Dubai Bankruptcy is a Taste of Things to Come
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BP gives the middle finger right back to Russia
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Credit Suisse’s “greedy antics” cost it $229M
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What Is Chapter 7 Bankruptcy?
- Bankruptcy Chapter 11 Information
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Top 5 Ways Stars Lose it All: Lifestyles of the famous and bankrupt
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BofA stops foreclosure sales in 50 states
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MGM 4 Billion Debt – Bankruptcy Looms
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What Is Chapter 7 Bankruptcy?
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Credit Suisse’s “greedy antics” cost it $229M
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Martin Hardstark: How many years after filing Chpt 7 can I file agai...
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Leola Palacio: I've started to take into consideration bankruptcy...
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Bankruptcy Guy: But UBS has also been hiring selectively. Next mon...
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Kevin Stuart: Separately, Swiss banking group Syz & Co, hire...
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Frank Miller: Private banks have recently been turning to other ...