Bankruptcy

Virginia’s Student-Run Investments Trapped by Lehman Bankruptcy (Bloomberg)

GriffinGird — Thu, 02 Oct 2008 05:18:03 +0000

Oct. 1 (Bloomberg) — University of Virginia business school students joined the ranks of hedge-fund managers hamstrung by the bankruptcy of Lehman Brothers Holdings Inc.

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Boscov’s bankruptcy judge approves sale plan (Philly.com)

GriffinGird — Thu, 02 Oct 2008 05:18:03 +0000

WILMINGTON, Del. - A Delaware bankruptcy judge today approved fast-tracked plans for an auction sale of the Reading-based department store chain Boscov’s later this month.

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Fact Sheet: Your Employer’s Bankruptcy - How It Affects Your Employee Benefits (PDF)

GriffinGird — Thu, 02 Oct 2008 05:18:03 +0000

Excerpt: “This information sheet focuses on bankruptcy’s effect on pension plans and group health plans.” (U.S. Employee Benefits Security Administration)

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Bill Heard Chevy Files Chapter 11 Bankruptcy (The Tampa Tribune)

GriffinGird — Tue, 30 Sep 2008 05:18:02 +0000

With losses reaching $5 million a month, Bill Heard Chevrolet filed for Chapter 11 bankruptcy protection early Monday in a federal court in Alabama.

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GM Dealer Group Bill Heard Files for Bankruptcy (Update1) (Bloomberg)

GriffinGird — Tue, 30 Sep 2008 05:18:02 +0000

Sept. 29 (Bloomberg) — Bill Heard Enterprises Inc. , the largest U.S. Chevrolet auto dealership, sought bankruptcy protection, citing a declining automobile market after it closed 14 showrooms and eliminated more than 3,200 jobs last week.

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Delphi to Send Pension Obligations to General Motors

GriffinGird — Sun, 28 Sep 2008 05:18:03 +0000

Excerpt: “Delphi Corporation was preparing to send $3.4 billion worth of pension obligations to General Motors on Thursday, in an unusual transaction that Delphi said would remove a major obstacle to its emergence from bankruptcy after almost three years.” (The New York Times; free registration required)

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WaMu files bankruptcy petition in Delaware (Reuters via Yahoo! News)

GriffinGird — Sun, 28 Sep 2008 05:18:02 +0000

Washington Mutual Inc has filed a petition for Chapter 11 bankruptcy protection from creditors in U.S. bankruptcy court in Delaware.

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Washington Mutual Lists $8 Billion Debt in Bankruptcy (Update1) (Bloomberg)

GriffinGird — Sun, 28 Sep 2008 05:18:02 +0000

Sept. 27 (Bloomberg) — Washington Mutual Inc. , a holding company for the savings and loan that became the biggest U.S. bank to fail, listed more than $8 billion in debt in its bankruptcy filing in Wilmington, Delaware.

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Hearing on Boscov’s bankruptcy sale postponed (AP via Yahoo! News)

GriffinGird — Fri, 26 Sep 2008 05:18:03 +0000

A Delaware bankruptcy court hearing on the proposed the sale of department store chain Boscov’s has been postponed until next week.

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Judge OKs GM deal to help Delphi exit bankruptcy (AP via Yahoo! Finance)

GriffinGird — Fri, 26 Sep 2008 05:18:03 +0000

A bankruptcy judge on Thursday approved an agreement between General Motors Corp. and Delphi Corp. that spells out what GM will give and get as its former parts subsidiary exits bankruptcy.

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