Your Search Returned 13 tagged news reports
00 AM MST Majestic Star Casino LLC, the owner of Fitzgeralds Casino in Black Hawk, sought bankruptcy protection Monday from creditors about three weeks after senior secured lenders called a default and demanded to be repaid $79.3 million in debt.
Tags: black hawk, Denver, Fitzgeralds Casino and Hotel Las Vegas, Bankruptcy, Majestic Star Casino, Chapter 11 Title 11 United States Code, Default, Gary Indiana, Don H. Barden, United States bankruptcy law, Business Finance
British borrowers fear their debt levels more than the citizens of any other major European nation except Spain, a study is set to reveal. Some 35 per cent of people who responded to a pan-European survey on consumer debt by the fund manager Janus Capital...
Tags: Europe, debts levels, United Kingdom, London, Euro, Mortgage, Default, Subprime mortgage crisis, Mortgage loan, Credit, Finance, Debt, Business Finance
whose houses are worth less than what they owe -- are walking away from their homes even though they can still afford to make their mortgage payments has been well reported, if not well documented...And what are the social and moral ramifications of jumping...
Tags: walk away, strategically defaulting, largely ones, depends largely, Bob Hunt, far underwater, real estate, Naperville, Default, Negative equity, Loss mitigation, Subprime crisis background information, Mortgage, Strategic default, Foreclosure
Jamaica's sovereign credit ratings by rating agency Standard & Poor's (S&P) in quick succession, first on August 5 to CCC+ and, more recently, on November 2 to CCC, both with a negative outlook, gives a glimpse of the challenging headwind facing the Jamaican...
Tags: Jamaican, debt restructuring, economic agents, locally economic, government debt, present value, household deposits, policy actions, private sector, npv negative, Jamaica, Kingston, External debt, Default, Economy of Jamaica, United States public debt, Debt, Finance, Credit, Business Finance
Dallas power company EFH last week completed a distressed debt exchange in which the company offered lenders pennies on the dollar for their bonds...S&P on Tuesday first downgraded EFH debt from CC to selective default, to reflect the debt exchange. Since...
Tags: EFH, S&P, Recommended Energy Future Holdings, debt exchanged, Dallas, Debt, Distressed securities, Credit rating agency, Standard & Poor's, Default, Credit, Finance, Fixed income securities, Business Finance
Fontainebleau loans could be in default The Fontainebleau Miami Beach is vulnerable to a declaration of default by its lenders, partly thanks to about $60 million in unpaid contractor claims, the Wall Street Journal reported Friday. Citing unnamed sources,...
Tags: Fontainebleau Miami Beach, Miami, Mortgage, Miami-Dade County Florida, Fontainebleau, Default, Credit, Finance, Debt, Business Finance
Connecticut's Foxwoods Resort Casino, one of the world's largest, has failed to make a full payment on its debt, leading to a default and another credit rating downgrade. The Mashantucket Pequot Tribal Nation, which owns Foxwoods, said it has paid $14.2...
Tags: Foxwoods Resort Casino, New Haven, Algonquian peoples, Mashantucket Pequot Tribe, Pequot, Debt, Default, Credit, New London County Connecticut, Business Finance, Mohegan Sun, Slot machine, Languages of the United States
Kuwait’s Investment Dar will present creditors and investors this month with a proposal to restruc-ture about $3.5 billion of its debt, a Dar spokesman said yesterday.
Tags: Kuwait, Jalīb aš-Šuyūẖ, Aston Martin, Investment Dar, University of North Texas, Default, Credit, Debt, Finance, Business Finance
While there have been a few cases that chipped away at those protections, on the whole, they're quite solid. However, Eric Goldman brings us the story of how some lawyers seem to be dealing with this. They've stopped suing the sites directly, but they...
Tags: default judgment, safe harbors, San Francisco, Default, Lawsuit, Civil procedure, Judgment, Entertainment Culture
Integrated Asset Services (www.iasreo.com) today released its IAS360™ House Price Index (HPI). Based upon the timeliest and most granular data available in the industry, the index for national house prices moved ahead...
Tags: IAS360, IAS, House Price Index, Housing, Integrated Asset Services, ias360.com, reo, real estate owned, House Price Indicator, no excuses, iasreo.com, iasreo, default, mortgage, House, instability, economy, banking, wall street, mortgage banking, assets, appraising, trend, data, servicing, timely, mortgage technology, due diligence, mitigation profits, risk management, default outsourcing, mccarthy, david mccarthy, specializing, default mortgage services, valuation, reconciliation, full cycle REO disposition, advanced valuation, volatility technology, expert, professional, services, reduce, exposure, expediting, entire asset management process, industry, experts, industry expectations, integrity