From the executive summary: ‘There are four words that carry a lot of weight when an individual is thinking about buying the assets of a bankrupt company; as is, where is. The assets of bankrupt companies are almost always sold as is, where is. Anyone who plans to buy and...
If you are or have been bankrupt you can still get a loan. Some lenders and other finance professionals, or your neighbors, friends, family and well-meaning but misinformed people would have you think that the minute you file that bankruptcy you'll never have a car or a home in your...
BOSTON AP -- Sears Roebuck and Co. said Thursday it will repay bankrupt customers who were pressured to continue paying off their Sears credit cards even though their debts had been wiped out.
For many people the idea of going bankrupt feels them with horror and it's not difficult to understand why. Going bankrupt has all sorts of social stigmas associated with it, not to mention a whole host of disadvantages and disqualifications. No wonder then that the IVA, introduced by the government...
More than 170 employees have signed onto a suit seeking to recoup more than $500,000 from bankrupt video-game maker Acclaim Entertainment for allegedly refusing to give them proper notice before termination.
The Coors Brewing Co. is engaged in a bruising battle for control of the bankrupt Korean brewer Jinro Ltd., a company in which Coors once held a minority interest.
Federated, which emerged quickly from its bankruptcy, is trying to acquire the bankrupt Macy's, a merger that has been considered since 1988. The two retail chains would seem to make a complementary and rather simple consolidation, but Macy's may resist wFederated, which emerged quickly from its bankruptcy, is trying to...
SureWest Communications said last week it signed a purchase agreement to buy "certain assets" from the bankrupt Western Integrated Networks LLC at the lire-sale price of $12 million. The bankrupt company, which does business as WINfi SureWest Communications said...
Flying on a bankrupt airline can be a headache. The service might be awful, your schedule might change, and there's even a chance that the airline will stop flying entirely. But there's an up-side to all of this: the deals. Troubled airlines are desperate for your business, and are willing...
Feb. 29--Baldwin Co. officially put its bankrupt homebuilding unit up for sale and expects to begin collecting offers for all or part of the company next week, an attorney said Wednesday. Feb. 29--Baldwin Co. officially put its bankrupt homebuilding unit up for sale and expects to...
Charlie Bottle submits: Ladenbrug Thalman's Richard X. Bove stirred the market on Friday by speculating on the attractiveness of Lehman LEH as a target for an hostile take over. “If one assumes that the Neuberger Berman subsidiary is worth somewhere between $9 to $13 billion, the rest of the...
What is Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay their creditors. A declared state of bankruptcy can be requested or initiated by the bankrupt individual or organization, or it can be requested by creditors in an effort to recoup a...
Farmers who owned stock in bankrupt Farmland Industries Inc. may have to wait months--or years--for the bankruptcy court to decide whether that stock has value, or is merely worth the paper it is printed on. Attorneys say farmers are unsecured credit Farmers who owned stock in...
This paper asks whether close bank-firm relations mitigate the negative consequences of bankruptcy regime. In Japan, major creditors control the fate of the bankrupt firm. Potential costs of such a regime are destruction of firm value as management seeks to stave off bankruptcy, and inefficient liquidations. While bankrupt firms affiliated...
Sharad Tak has been effectively kicked out of bankrupt Tak Communications. That, says a competing applicant for the four Tak TV stations whose licenses are up for renewal, means the company should have no "renewal expectancy." Tak c ...
ENRON WENT bankrupt in early December, buried in debt, mired in controversy and embroiled in a bitter legal battle with erstwhile merger partner Dynegy.ENRON WENT bankrupt in early December, buried in debt, mired in controversy and embroiled in a bitter legal battle with erstwhile merger partner Dynegy.
BILOXI, Miss.--Nov. 22--The Palace Casino's bankrupt owner, its creditors an d its bondholders agreed Tuesday to sell to a Biloxi company that plans to keep the casino here. BILOXI, Miss.--Nov. 22--The Palace Casino's bankrupt owner, its creditors an d its bondholders agreed Tuesday to sell to...
Byline: tom fredrickson WorldCom's competitors are swooping in on the bankrupt giant's most important customers-big businesses, often based in the New York City region, that spend millions of dollars a year on data and long-distance services. A Byline: tom fredrickson...
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