Chapter 11 trustee appointed for AmeriDebt
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A federal bankruptcy judge appointed a Chapter 11 trustee Wednesday for AmeriDebt, the credit-counseling company that now faces a $15 million claim from the Internal Revenue Service over its disputed status as a nonprofit.
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ABB said it was âawareâ of the ruling, but remained confident that a settlement would be reached. âABB is naturally surprised and disappointed at todayâs decision, but remains confident that it can resolve.
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On or thereafter, June 26, 2007 at 1:00 p.m. USAM - Ameristor Self Storage at 2364 Tobacco Road, Augusta, GA 30906, will hold a public auction. Items will be sold to the highest bidder for cash.
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Massachusetts Secretary of State William F. Galvin sought more details from TD Ameritrade Holding Co. this week after the Nebraska online brokerage disclosed a breach of its database that may have compromised personal data of all its 6.3 million accounts. In a letter dated Sept. 17, Galvin's office asked TD Ameritrade for more description of the data breach and server ...
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THE REGION Putnam taps trustees
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Company units set up a $1.5B trust to pay claims, enabling the 2 subsidiaries to exit bankruptcy. NEW YORK  - A district court has approved a $1.5 billion trust to be set up by two Halliburton Co.
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By John W. Allman, Tampa Tribune, Fla.  Feb. 11--PICAYUNE STRAND -- Janet Starnes stoops to inspect the ground, pointing to a paw track in the mud.
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Bankrupt home loan provider American  Home Mortgage Investment Corp  said on Wednesday a  federal bankruptcy judge has authorized the auction by two  affiliates of 5,700 mortgage loans with an unpaid principal  balance of about $1.62 billion.
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ATA Airlines Inc. named its top financial executive to the new position of chief restructuring officer as the Indianapolis carrier appeared closer Monday to filing for Chapter 11 bankruptcy protection, possibly as early as Tuesday.
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Delta Air Lines Inc. DAL.N could  file for Chapter 11 bankruptcy protection as soon as next week,  the Washington Post reported in its Saturday edition, citing an  unnamed source familiar with the situation.
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Trustees of pension plans ought to make sound judgments about investments and about how they spend their time. The decision by two members of the Newton pension board to go to Hawaii for a supposedly work-related conference underscores the need for local pension plans to be folded into the state pension system.
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TIAA-CREF, the largest US retirement fund, said the Securities and Exchange Commission is conducting an informal inquiry into a relationship between auditor Ernst &amp; Young LLP and two former fund trustees.
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Dutch bank ABN AMRO  can proceed with its $21 billion sale of U.S. subsidiary LaSalle to Bank of America , the Dutch Supreme Court said on Friday, boosting the prospect Barclays  will succeed in its takeover of ABN.
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Bankrupt carrier Hawaiian Airlines said it reached an agreement with a court-appointed trustee on a plan of reorganization. The bankruptcy plan, which requires court approval, offers creditors full repayment on their claims, the company said.
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Donald Trump&#39;s Trump Hotels &amp; Casino Resorts Inc. said it will seek Chapter 11 bankruptcy protection as part of an agreement with bondholders to reduce debt by $400 million.
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LOS ANGELES, Oct. 25  â An investment group affiliated with labor unions has called on Countrywide Financial, the struggling mortgage lender, to let shareholders play a role in nominating a successor to Henry G. Cisneros on the companyâs board.
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Insiders says the company will file for Chapter 7 protection after laying off hundreds.