federal bankruptcy news
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Dan Walters: Bankruptcy ruling not a clear win for Stockton, CalPERS
Sacramento :: KY :: USA | 1 month ago
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Klein declared that the much-troubled city is, indeed, insolvent and therefore can use bankruptcy to address its severe financial problems. That impression was bolstered when Klein chastised the holders of city bonds and bond insurers for not
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Residents of Stockton, Calif. await bankruptcy decision
Watsonville :: CA :: USA | 1 month ago
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Published April 01, 2013 Associated Press For the people of Stockton, a federal judge's anticipated decision Monday on the city's bankruptcy petition will affect their day-to-day lives for decades to come. But the Chapter 9 bankruptcy case also is
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San Bernardino council votes to slash budget more than $26 million
San Bernardino :: CA :: USA | 6 months ago
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The austerity plan, a required step in the federal bankruptcy process, freezes vacancies in the Police Department even as the city deals with an increase in violent crime...Chapter 9 bankruptcy protection Aug. 1, a move city officials estimate will
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Degrees of Debt: Shedding Student Loans in Bankruptcy Is an Uphill Battle
Georgetown :: Guyana | 9 months ago
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Ty William Wright for The New York Times Doug Wallace is legally blind. Diabetes had rendered him legally blind and unemployed just a few years after graduating from Eastern Kentucky University. He filed for bankruptcy protection and quickly got rid
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Creditors of Stockton Fight Funding of Pensions While in Bankruptcy
Stockton :: CA :: USA | 9 months ago
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Creditors of Stockton Fight Over Pension Funding While in Bankruptcy Published: August 23, 2012 Creditors of the city of Stockton, Calif., are mounting a challenge against a popular belief: that public workers' pensions are impervious to cutbacks
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American seeks again to cancel pilots' contract
Dallas :: TX :: USA | 9 months ago
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American Airlines is going back to court to throw out its contract with union pilots after making changes to satisfy the bankruptcy judge. If it wins in court, American could cut annual spending on pilots by more than $300
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Jefferson County, Ala., Falls Off the Bankruptcy Cliff
New York City :: NY :: USA | over 1 year ago
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February 18, 2012 ONE county jail here is so crowded that some inmates sleep on the floor, while the other county jail, a few miles down the road, sits empty. David Bundy for The New York Times The Vulcan statue in Birmingham is patterned after the
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Jefferson County sewer receiver John S. Young no longer on payroll
Birmingham :: AL :: USA | over 1 year ago
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Young is no longer compiling billable hours for the administrative and supervisory work that reaped him more than $1 million from Jefferson County in one 12-month period. "I feel very comfortable in saying that he is not on our payroll any longer,"
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Federal judge tosses Harrisburg bankruptcy filing
Harrisburg :: PA :: USA | over 1 year ago
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France has ruled that Pennsylvania's capital city of Harrisburg may not seek bankruptcy protection, calling such a filing illegal. France issued the ruling Wednesday after hearing more than two hours of arguments by lawyers as to whether the
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Crystal Cathedral sees risky future without church
Santa Ana :: CA :: USA | over 1 year ago
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ANA, California (AP) — The sale of the Crystal Cathedral to the Catholic church could mark an end to the storied televangelist ministry broadcast around the world that came crashing down in hard times. While the church's
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