Skip to Content

top_header

Strip mall in bankruptcy again

Strip mall in bankruptcy again Coliseum Plaza ­owners cite need to reorganize finances Paul Wyche | The Journal Gazette | 01 OCTOBER 2014 | BANKRUPTCY For the second time in four years, the owners of Coliseum Plaza have filed for Chapter 11 bankruptcy protection. Attorney Daniel Skekloff said the Kotsopoulos family needs time to reorganize… Continue Reading

Oreos, broken lights, angry creditors: Detroit manager faced many pressures

Oreos, broken lights, angry creditors: Detroit manager faced many pressures By Karen Pierog | DETROIT | REUTERS | 01 OCTOBER 2014 Oct 1 (Reuters) – When Kevyn Orr became Detroit’s emergency manager 18 months ago, he sparked mistrust among residents and even created the possibility of civil unrest, he testified on Monday. Orr, a corporate….”… Continue Reading

Judge to decide in late Oct if Stockton, Calif., can exit bankruptcy

Judge to decide in late Oct if Stockton, Calif., can exit bankruptcy 01 OCTOBER 2014 | REUTERS | BANKRUPTCY Oct 1 (Reuters) – The judge presiding over the Stockton, Calif., bankruptcy case said he will wait until late October to make a final ruling over whether the city can exit bankruptcy. U.S. Bankruptcy Judge Christopher… Continue Reading

Judge Says Cities in Bankruptcy May Reject Pension Contracts

Judge Says Cities in Bankruptcy May Reject Pension Contracts Rulings on Pension Funds Are Going to Carry A Lot of Weight, Consultant Says By Katy Stech and Dan Fitzpatrick | 01 OCTOBER 2014 | THE WALL STREET JOURNAL | BANKRUPTCY The federal judge overseeing the bankruptcy of Stockton, Calif., ruled that the city has the… Continue Reading

Jim Armitage: Chasing pesky creditors, the Wonga way

Jim Armitage: Chasing pesky creditors, the Wonga way Jim Armitage | 01 OCTOBER 2014 | THE INDEPENDENT Outlook Wonga has been keen to stress that all those involved in its phoney legal letters scam have now all gone. But that begged the question: where to? One has resurfaced at an even bigger outfit, with what… Continue Reading

Calpers says ruling by judge in Stockton case is not legally binding

Calpers says ruling by judge in Stockton case is not legally binding 01 OCTOBER 2014 | REUTERS Oct 1 (Reuters) – The California Public Employees’ Retirement System, or Calpers, on Wednesday said it disagreed with a U.S. bankruptcy judge’s ruling that Stockton, California, could impair worker pensions as part….” http://www.reuters.com/article/2014/10/01/usa-california-stockton-calpers-idUSL2N0RW38F20141001?feedType=RSS&feedName=bankruptcyNews

Fannie and Freddie sold off as suit fails

Fannie and Freddie sold off as suit fails By Gina Chon in Washington and Tom Braithwaite in New York | October 1, 2014 | FINANCIAL TIMES Shares of Fannie Mae and Freddie Mac sank 60 per cent on Wednesday after Bruce Berkowitz’s Fairholme Funds lost a lawsuit against….” http://www.ft.com/intl/cms/s/0/5f8ffc36-4981-11e4-80fb-00144feab7de.html?ftcamp=published_links%2Frss%2Fhome_uk%2Ffeed%2F%2Fproduct&siteedition=intl#axzz3ExObNiF3

American Apparel Might Just Keep Dov Charney

American Apparel Might Just Keep Dov Charney By Susan Berfield | 01 OCTOBER 2014 | BLOOMBERG BUSINESSWEEK American Apparel (APP) had a tumultuous summer, as you may remember. The board of directors ousted the company’s founder and chief executive, Dov Charney, surprising a lot of people,….” http://origin-www.businessweek.com/articles/2014-10-01/american-apparel-might-just-stick-with-dov-charney-after-all#r=rss

US Government Promises To Forgive Student Debt… If You Work For Them

US Government Promises To Forgive Student Debt… If You Work For Them Submitted by Tyler Durden on 10/01/2014 Submitted by Simon Black via Sovereign Man blog, He had a vision for what the state could be. His vision was a state that was intricately involved in every person’s life from cradle to the grave. It… Continue Reading

Fannie, Freddie shares slump after investor lawsuits dismissed

Fannie, Freddie shares slump after investor lawsuits dismissed 01 OCTOBER 2014 | REUTERS (Reuters) – Shares of government-controlled Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) plummeted on Wednesday, the day after a judge upheld the U.S. Treasury’s right to seize the mortgage finance companies’ profits. Judge Royce Lamberth….” http://www.reuters.com/article/2014/10/01/us-fannie-mae-stocks-idUSKCN0HQ56020141001?feedType=RSS&feedName=businessNews