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January 28, 2011

Ex-partner of Fla. Ponzi lawyer Rothstein reaches $500K deal in firm's bankruptcy battle

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January 27, 2011

Arrow Bankruptcy Trustee Seeks $12 Million From Former Top Executives

"In the first lawsuit filed in U.S. Bankruptcy Court against former top officers of bankrupt Arrow Trucking Co., bankruptcy trustee Patrick J. Malloy III seeks to reclaim at least $12.8 million from the company’s former owner and its former chief executive."

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15 Most Memorable Companies That Vanished

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Lehman Sued by Pulsar Re Over $450 Million

"Lehman Brothers Holdings Inc (LEHMQ.PK) has been sued by a reinsurer that wants control of $450 million it said it pledged to secure various obligations, and which should not be given to Lehman creditors."

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January 26, 2011

Lehman Brothers Amends Bankruptcy Plan

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January 25, 2011

Michael Jackson's Doctor Files For Bankruptcy

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January 24, 2011

Arizona Mayor Files for Bankruptcy

"The mayor of the southern Arizona community of Surprise has filed for personal bankruptcy."

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January 24, 2011 in Current Affairs | Permalink | Comments (1) | TrackBack

The Metastasizing State-Bankruptcy Meme

"Talk of introducing legislation allowing states to declare bankruptcy began in earnest in November. A speech by Newt Gingrich was followed up by a big Weekly Standard piece on the subject by David Skeel, and soon the meme filtered into the blogosphere. Unlike most political chatter, this kind of talk isn’t cheap at all: it’s very expensive. As the subject has refused to go away—which means, as House Republicans have continued to work on drafting some kind of bill—the municipal debt market has plunged."

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