CHARLESTON, W.Va.— Alpha Natural Resources said it has received a $500 million offer from existing lenders for the potential sale of the bankrupt coal producer's core assets. Bristol, Virginia- based Alpha announced the offer in a filing Monday in U.S. Bankruptcy Court in Richmond, Virginia. The offer includes all Alpha coal assets in Pennsylvania and Wyoming; the...» Read More
Stocks tried to push higher Friday as the dollar's retreat helped the market but investors remained worried about the recovery in the wake of some disappointing economic reports.
Stocks opened lower Friday after disappointing reports on jobs and manufacturing.
Stock index futures plunged as September nonfarm payroll declines were far worse than Wall Street estimates.
Tomorrow, Heritage Auctions will be selling Lenny Dykstra's World Series ring, his trophy, and other items he pawned a few months ago but never reclaimed.
The Right Start chain has gone wrong again and again. It has been in bankruptcy three times since 2003, most famously after it went on an acquisition spree, including the purchase of FAO Schwarz, even changing its name to FAO Inc.
Simmons, the maker of Beautyrest mattresses and other bedding products, said Friday that it plans to file for Chapter 11 bankruptcy protection and implement a restructuring plan that will help significantly lower its debt.
Turns out that on the very day Dykstra walked into the South Wilshire Beverly Jewelry and Loan, a news crew from TV Tokyo just happened to be there doing a story on the suffering local economy. I kid you not.
Lenny Dykstra could use some cash right now, but an upcoming auction of his World Series trophy and ring will apparently not help him. Instead, auction proceeds will go to the Beverly Hills pawn shop which claims Dykstra pawned the items but never reclaimed them.
Bobbi Giguere had no luck in securing a loan modification fromWells Fargo, even though she had sent the bank the financial documents it requested. Then, something happened. She questioned a Wells Fargo official about the bank’s lack of response — under oath.
In the Great Recession and today’s era of de-leveraging, much is being made of the so-called “fulcrum security”.
A bankruptcy judge today ordered that former baseball player Lenny Dykstra lose control of his Chapter 11 bankruptcy, and that management of his financial affairs be handed over to a court appointed trustee.
Creditors who are owed a total of more than $20 million have endorsed Michael Vick's plan to pay them back and emerge from bankruptcy, according to a court filing.
Colonial BancGroup, the Montgomery-based real estate lender whose banking unit was shut down by the government and sold to BB&T earlier this month, has filed for Chapter 11 bankruptcy protection.
Hard times are causing more homeowners to fall behind on their property taxes. But in thousands of cases, they are not responsible to their local governments, but to private companies that charge double-digit interest and thousands of dollars in service fees.
After time away from the world of chapter 11 and distressed investing, hedge funds are back in town searching bankruptcies for debt to trade.
Today, loans to debtors-in-possession — i.e., DIP loans — are all the rage....As investors are looking for ways to put money to work, they are setting their sights on the DIP loan market as a way to realize meaningful returns.
The judge in the Lenny Dykstra bankruptcy case put off until Sept. 1st a decision on whether to take control of the Chapter 11 bankruptcy away from Dykstra, or perhaps convert it to a Chapter 7 liquidation. Judge Geraldine Mund told the baseball legend's attorney, "He's gotta show me where some money's going to come from."
An attorney for baseball legend and investor Lenny Dykstra has filed a motion refuting claims made against him by the U.S. Trustee's office of federal bankruptcy court, prior to a Tuesday hearing which threatens to turn the ex-New York Met's Chapter 11 reorganization into a Chapter 7 liquidation.
Baseball legend and investor Lenny Dykstra is being accused of "dishonest conduct" by the US Trustee's office of federal bankruptcy court. As a result, the trustee is asking the judge to consider converting Dykstra's Chapter 11 reorganization to a Chapter 7 liquidation.
Digging out of debt keeps getting harder for the unemployed as more companies use detailed credit checks to screen job prospects, says the NYT.