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Detroit Mayor Bing will not run for reelection in crisis-hit city
ReutersBy Steve Neavling DETROIT, May 14 (Reuters) - Detroit Mayor Dave Bing, who has lost most of his authority to an emergency manager appointed by the state, said on Tuesday that he will not seek reelection, and accused Michigan, the media and political...Tags: Financially Distressed Companies, Politics, Elections, Local Elections
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Ally, ResCap creditors reach settlement
ReutersMay 14 (Reuters) - Bankrupt Residential Capital LLC said on Tuesday that parent Ally Financial Inc reached a private settlement with ResCap creditors, who say Ally owes them $25 billion. The deal will keep sealed a potentially damaging report on Ally's...Tags: Financially Distressed Companies, Manhattan (New York City)
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Detroit Free Press Tom Walsh column
Detroit Free PressKevyn Orr is ready to go toe-to-toe in tough bargaining with Detroit's labor unions and bondholders, but the city's emergency manager vows not to tolerate any more dithering while Detroit decays. "What we can't do, and what we won't do, is be slow-...Tags: Financially Distressed Companies, Detroit Free Press, Politics, Rick Snyder, Companies and Corporations
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Recast Friendly's relaunches in Hyannis
Cape Cod Times, Hyannis, Mass.John and Marsha Williams hadn't been to a Friendly's restaurant in several years, but stopped into the Hyannis location Monday afternoon with their two young daughters. The Marstons Mills couple liked what they saw. "It's nice and clean," John...Tags: Corporate Officers, Dining and Drinking, Lifestyle and Leisure, Companies and Corporations, Economy, Business and Finance
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Individual,business bankruptcy filings continue to fall off
Orange County RegisterOrange County consumer and business bankruptcy filings continued their downward slide in March and the first quarter of 2013 compared with a year earlier. In March, 1,048 individuals and businesses filed for bankruptcy in federal court in Santa Ana,...Tags: Financially Distressed Companies, Orange County Register, Business Enterprises, Realty, Business
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Soccer-AEK Athens set for bankruptcy and third tier
ReutersBy Graham Wood ATHENS, May 14 (Reuters) - AEK Athens said on Tuesday they were preparing to declare bankruptcy and seek relegation to the third division. AEK were relegated from the Super League for the first time in their 89-year history in the...Tags: Soccer, Sports, Board of Directors
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Bankrupt Alabama county says has deal on $105 mln of bonds
ReutersBIRMINGHAM, Ala., May 14 (Reuters) - Alabama's bankrupt Jefferson County has reached a deal with creditors JPMorgan Chase and Bayerische Landesbank covering $105 million of general obligation warrants, county officials said on Monday. The agreement,... -
Bankrupt Alabama county says has deal on $105 million of bonds
ReutersBIRMINGHAM, Alabama (Reuters) - Alabama's bankrupt Jefferson County has reached a deal with creditors JPMorgan Chase and Bayerische Landesbank covering $105 million of general obligation warrants, county officials said on Monday. The agreement, one of... -
Dave Bing won't seek re-election as Detroit mayor
Detroit Free PressDETROIT _ Detroit Mayor Dave Bing said Monday that he will not run again for the seat he has held since 2009, his tenure defined by the state's historic appointment of an emergency manager to run the city as it careened toward a municipal bankruptcy,...Tags: Detroit Free Press, Credit and Debt, Politics, Human Interest, Debt Market
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Following the money in Harrisburg's mayoral race
The Patriot-NewsIf one stops for a moment on the streets of Harrisburg, one can almost hear it: the low thrum of cash flowing just beneath the surface, campaign cash. This year, it's unprecedented. One candidate alone has raised more money than was raised by all four...Tags: Crime, Law and Justice, Corporate Officers, Executive Branch, Politics, Human Interest
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Subcontractors see money from Baybutt Construction projects
The Keene Sentinel, N.H.Nearly all subcontractors who claimed they were owed money by a Keene construction company have been paid or will be paid, months after complaints first surfaced. Earlier this year, a number of subcontractors came forward saying they had not been paid...Tags: Financially Distressed Companies, Companies and Corporations, House Building, Insurance, Libraries
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Swift Justice: Chapter 13, cross-country claims and property titles
Swift JusticeDear Jackie, I am in month 22 of a 60 month payment plan in Chapter 13 bankruptcy. I would like to know if the bankruptcy court can re-evaluate my income, assets, etc., at any time during the plan and adjust to higher (or lower) monthly payments. Also,...Tags: Fraud, Financially Distressed Companies, Crime, Law and Justice, Companies and Corporations, Economy, Business and Finance
May 14, 2013
|Story| Reuters
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|Story| McClatchy-Tribune
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|Story| Reuters
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|Story| Reuters
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|Story| McClatchy-Tribune
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|Story| McClatchy-Tribune
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|Story| McClatchy-Tribune
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|Column| Tribune Media Services
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