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Bankruptcy News

News on Bankruptcy continually updated from thousands of sources around the net.

1 hr ago | The Arizona Republic

Phoenix-area bankruptcies continue to decline in June

Phoenix-area bankruptcies continue to decline in June Phoenix-area consumers and businesses filed 10 percent fewer bankruptcies in June Check out this story on azcentral.com: http://azc.cc/1mrcdu0 For the 41st straight month, the bankruptcy picture improved in the Phoenix metro area.

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Related Topix: Economics News

Sat Jul 12, 2014

The Daily News Journal

New cooperative tone helps Detroit weather bankruptcy

DETROIT a?? A year into Detroit's historic bankruptcy, state-appointed emergency manager Kevyn Orr says the mayor and City Council are ready to run the city once his tenure ends in September.

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Related Topix: Economics News, Wayne State University

Business Journal

Crumbs lives to bake another day

Take heart, fans of expensive cupcakes: Crumbs is getting another chance. The New York-based chain, which has four locations in Massachusetts, filed for Chapter 11 bankruptcy protection as part of a deal that will place the company in the hands of CNBC star Marcus Lemonis and Fischer Enterprises.

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Related Topix: Economics News

Clover Herald

Former bookkeeper to serve prison time for Clover church theft

Stroupe, 67, was sentenced to serve 24 months in prison and ordered to pay the church more than $610,000 in restitution.

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Related Topix: Prison, Economics News

CBS Local

Judge Will Hear Objections From The Public On Bankruptcy Plan

It is expected to be a packed house at Detroit Federal court next week as dozens of people look to voice their opposition to the city's "Plan of Adjustment" to exit bankruptcy.

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Related Topix: Economics News, St. Clair Shores, MI

The Union Daily Times

Hospital district moving forward with bankruptcy process

The Union Hospital District is moving forward with a bankruptcy process that could help it pay off its debts while continuing to provide health care services to the people of Union County.

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Related Topix: Economics News

Turnto10.com

Hearing on 38 Studios lobbying questions begins

The secretary of state's office is holding a hearing on possible violations of state lobbying laws in the 38 Studios deal.

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Related Topix: 38 Studios, Economics News

Fri Jul 11, 2014

Bradenton.com

Cutoff passes in Detroit bankruptcy creditor vote

Ballots had to be received no later than 5 p.m. EDT by a consulting company in California to be counted in the largest municipal bankruptcy in U.S. history.

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Related Topix: Economics News, Pension, Personal Finance

Ledger-Enquirer.com

$900K in debt, Nienow files for bankruptcy

Sen. Sean Nienow, of Cambridge, and his wife, Cynthia, filed for Chapter 7 bankruptcy last month, according to court records.

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Related Topix: Economics News, Small Business, Personal Finance

WOZZ-FM Appleton

De Pere school goes the bankruptcy route

The Wisconsin International School filed for bankruptcy Thursday, according to court documents.

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Related Topix: De Pere, WI, Economics News

KHGI

Western Nebraska Nonprofit Filing for Bankruptcy Protection

Gering-based Community Action Partnership of Western Nebraska says it is filing for bankruptcy protection from its creditors.

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Related Topix: Economics News, Western, NE, Non-Profit

USA Today

Creditors to vote on Detroit's $18 billion bankruptcy

The fate of Detroit's bankruptcy rests in the hands of retirees, bondholders, banks and small creditors - with their votes due today on a sweeping restructuring plan that would allow the city to Creditors to vote on Detroit's $18 billion bankruptcy DETROIT - The fate of Detroit's bankruptcy rests in the hands of retirees, bondholders, banks and ... (more)

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Related Topix: Economics News

Ipswich Evening Star

Suffolk/Essex: Personal bankruptcy falls to pre-recession levels amid 'economic recovery'

The research, published in the Insolvency Service s annual report mapping out personal insolvency rates in England and Wales, showed there were 369 new cases of bankruptcy orders in Suffolk last year.

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Related Topix: Economics News

Thu Jul 10, 2014

Detroit Free Press

Miller Buckfire to collect $28 million for Detroit bankruptcy work

New York-based investment bank Miller Buckfire is expected to collect a fee of $28 million if the city of Detroit is able to restructure its debt in bankruptcy, according to an internal city document obtained by the Free Press.

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Related Topix: Economics News, Detroit, MI

Myrtle Beach Online

Cupcake chain Crumbs in talks, could rise again

The New York company said it is in talks with "various interested parties" and could restructure its business days after closing its stores.

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Related Topix: Economics News, Business News

Detroit Free Press

Highlights: How Detroit will slash $7 billion in debt during bankruptcy

Internal City of Detroit documents obtained by the Free Press spell out the percentage cuts for each group creditors, with the city predicting it will be able to dump more than $7 billion in debt and liabilities, or about 74%, in Chapter 9 bankruptcy.

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Related Topix: Economics News, Detroit, MI

Congleton Guardian

More young women becoming insolvent

Young women are more likely to find themselves falling into personal insolvency than men of the same age, official statistics show.

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Related Topix: Economics News

Business Journal

Sanford sewage plant Maxwest files for bankruptcy, lays off workers

Sewage processing company Maxwest Environmental Systems filed for Chapter 7 bankruptcy liquidation last week, leading to its closure and 15 layoffs at offices in Lake Mary and Sanford, the Orlando Sentinel reports.

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Related Topix: Sanford, FL, Economics News, Lake Mary, FL, Orlando, FL, Alternative Energy, Energy

Milwaukee Journal-Sentinal

Milwaukee YMCA bankruptcy is challenge of a lifetime for Julie Tolan

Julie Tolan, president and chief executive of the YMCA of Metropolitan Milwaukee, gathers with a group of 5-year-olds at the Rite Hite day camp at the Rite-Hite Family YMCA in Brown Deer.

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Related Topix: Milwaukee, WI, Economics News, Brown Deer, WI, Marquette University

Wed Jul 09, 2014

Denver Post

Report: Detroit art valued at more than $4.6B

Treasures in the Detroit Institute of Arts eyed for sale by some creditors in the city's historic bankruptcy could be worth more than $4.6 billion, but likely would fetch a quarter of that or less in a forced liquidation, according to a new report.

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Related Topix: Economics News

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