Postal Service will raise rates an average 5 percent on priority and express mail services next year. Is it enough to avoid Postal Service bankruptcy? The cash-strapped U.S. Postal Service is raising rates for its more profitable express mail and priority mail shipping next year, part of its efforts to stave off bankruptcy. Skip to next paragraph The ...Read More
San Diego, California (PRWEB) November 23, 2011 The San Diego bankruptcy lawyers at the law firm of the Golden State Law Group, a firm of attorneys who have dedicated themselves to providing legal help to consumers who need it in the form of bankruptcy protection and other financial problems, hereby announces that the firm is ...Read More
If being the NBA’s highest paid player during a work stoppage wasn’t taxing enough, things just became worse for Kobe Bryant. Kobe Bryant isn’t getting a penny of his $25,244,493 salary from the Lakers this season, and now he can forget about getting a payout from an endorsement deal gone bad. The Hollywood hoopster is ...Read More
A judge dismissed a bankruptcy filing by the Harrisburg City Council. NEW YORK (CNNMoney) — A federal judge Wednesday dismissed a bankruptcy petition filed by Harrisburg’s City Council, saying that it violated state law. The ruling now paves the way for the state to deal with Harrisburg’s massive debt problem. A Pennsylvania court should decide ...Read More
WASHINGTON — In the world of public finance, Orange County, Calif., has long had an unfortunate distinction: In 1994, the county filed the largest municipal bankruptcy declaration in history, seeking court assistance to restructure $1.7 billion in debt. This month, however, Orange County finally lost its dubious claim to fame. On Nov. 9, political leaders ...Read More
LOS ANGELES, Nov 22, 2011 (GlobeNewswire via COMTEX) — According to marketwatch.com, although foreclosure activity initially decreased between 2010 and 2011, foreclosure activities rose 7 percent between September and October 2011. Default notices rose 10 percent. Stockton, Calif., leads the country in foreclosure listings, while the state of California has eight metropolitan areas among the ...Read More
November 22, 2011, 6:24 AM EST By Michael Bathon (Updates with mediator’s name in second paragraph.) Nov. 21 (Bloomberg) — The judge overseeing the Los Angeles Dodgers’ bankruptcy appointed a mediator to try to resolve a dispute between the ball club and News Corp.’s Fox Sports Net West 2 LLC unit over the team’s proposed ...Read More
November 22, 2011, 12:54 AM EST By Linda Sandler (Updates with fees in second paragraph.) Nov. 21 (Bloomberg) — A proposal by broker-dealer MF Global Inc. commodity customers for a committee to represent their interests was opposed by the arm of the Justice Department that oversees bankruptcy cases. A group of commodity brokers proposed a ...Read More
November 22, 2011, 5:30 PM EST MF Global Customers, Out $1.2 Billion, Denied Court Committee MF Global’s Shortfall May Exceed $1.2 Billion, Trustee Says Credit Suisse, BofA, Bayer, AIG, Microsoft in Court News JPMorgan, FrontPoint, UBS, Goldman, BNY in Court News JPMorgan, Goldman Sachs Sued for Alleged MF Global Misstatements By Patricia Hurtado (Updates with ...Read More
Potential buyers show little interest in Solyndra By RANDALL CHASE, AP Business Writer – 4 hours ago WILMINGTON, Del. (AP) — A California solar panel manufacturer that received a half-billion dollar loan from the federal government before declaring bankruptcy says it’s been unable to attract much interest from potential buyers to take over its operations. ...Read More