Australian fund Basis Yield files for bankruptcy
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Basis Yield Alpha Fund, a hedge fund  specializing in corporate and structured credit, on Wednesday  filed for bankruptcy protection in the United States amid  mounting losses from U.S. subprime mortgage assets, court  papers show.
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Cairn Capital will restructure a debt fund that ran into trouble borrowing cash through commercial paper.
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NEW YORK  - Interstate Bakeries Corp.  on Wednesday filed for bankruptcy after struggling with more than $1.3 billion in debt and weak demand for bread products, brought on by the popularity of low-carbohydrate diets.
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Some of Australia's top fund managers  face big losses from the this week's 80 percent slump in Centro  Properties Group shares, as several of the mall operator's  rivals begin to scan its assets for possible purchases.
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An Australian hedge fund felled by its  exposure to risky credit derivatives filed for bankruptcy  protection in the United States, and liquidators on Thursday  were assessing how much money, if any, would be returned to  investors.
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Socially responsible funds are raking in the assets.
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InfoWorld - With its cash reserves running out, the SCO Group Inc. has filed for bankruptcy protection.
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Privately held U.S. mobile service  provider Amp&#39;d Mobile has filed for Chapter 11 bankruptcy  protection with estimated debts of more than $100 million,  according to court documents.
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Highlighting the struggles that mobile virtual network operators face to break into the highly competitive cellular marker, Amp'd Mobile filed for Chapter 11 bankruptcy protection over the weekend.
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Comparing Asta Funding to Portfolio Recovery Associates.
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Business & money: Â· Credit crunch creates Â£210bn backlog of buyouts Â· US sub-prime crisis claims more jobs and firms
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Barclays claims Bear Stearns loaded one of its hedge funds with about $500 million in troubled assets just weeks before it and another of its fund collapsed.
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Description: A flurry of corporate bankruptcies in the past few years leaves a public agency strapped for cash: the Pension Benefit Guaranty Corporation.
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Homebuilder teeters on the edge of bankruptcy as bondholders circle like vultures awaiting its default.
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LOS ANGELES, Oct. 30  â The chief executive of Countrywide Financial, Angelo R. Mozilo, has been sued by a pension fund that accused the company of helping executives pocket improper gains by artificially inflating its stock price through share buybacks.
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Lawyers got theirs SCO Group today filed for bankruptcy protection. With less than $10m cash left to call on, SCO said that Chapter 11 protection and reorganization would protect assets as it addresses, ahem, "potential financial and legal challenges".â¦
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The SCO Group, the software maker that sued I.B.M. for copyright infringement, filed for bankruptcy yesterday, 10 days after conceding that much of the case should be dropped.