Highlights
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A collection of news and information related to Financially Distressed Companies published by this site and its partners.
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Will trash in Heber be cleaned up soon?
A few months back, a Probe reader wrote in asking about the surrounding areas in the Heber Meadows subdivision. That person pointed out the fact that there is an overgrown “marsh” area at the corner of Bloomfield Street and Correll Road, not...Tags: Bankruptcy, Economy, Business and Finance, Companies and Corporations
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INKED! Suffering is no surprise to the Valley, and that's a good thing
Austerity has long been a way of life for the Imperial Valley. It’s like an infection of economic despair that the people and governments of the Valley have developed a tolerance to — we’re all noticeably sick but not dying. Economies...
Tags: Pension and Welfare, Bankruptcy, Interior Policy, Politics
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El Centro Elementary School District eyes $1.8 million in budget cuts
Imperial Valley Press Staff WriterAbout $1.8 million in cuts will be made by mid-March, an El Centro Elementary School District official said. “We are getting about half the revenue that we got five years ago,” said board president George McFaddin, “and we’ve had...Tags: Job Layoffs, Budgets and Budgeting, Unemployment, Career and Workplace
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Today in history
Today is Tuesday, Feb. 1, the 32nd day of 2011. There are 333 days left in the year. Today's Highlight in History: On Feb. 1, 1861, Texas voted to leave the Union, 166-8, at a Secession Convention in Austin. On this date: In 1790, the U.S....Tags: Brian Krause, Redman, Florida, U.S. Supreme Court, Sonny Landreth
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Justice Department opposes AMR's $20 million severance for CEO Horton
Reuters(Reuters) - A plan by American Airlines' parent to exit bankruptcy and merge with US Airways Group is coming under fire from the U.S. Department of Justice over nearly $20 million in severance pay earmarked for outgoing boss Tom Horton. In court papers...Tags: Justice System, Restructuring and Recapitalization, AMR Corp., Bankruptcy, U.S. Airways
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Henrik Fisker joins Hong Kong tycoon to salvage Fisker -sources
Reuters* One of two competing offers in play * Fisker cofounder teams up with investors trying to buy U.S. loan * Group may offer between $25 mln and $30 mln for loan * Sources caution figures are changing, on the rise * DOE considering ramifications of...Tags: Fuel-efficient Vehicles, General Motors Corp., Bankruptcy, Services and Shopping, Automotive Equipment
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Henrik Fisker joins Hong Kong tycoon to salvage Fisker: sources
ReutersDETROIT/BEIJING (Reuters) - Henrik Fisker is working with an investor group to salvage Fisker Automotive, the "green" car company he co-founded nearly six years ago that is now struggling to stave off bankruptcy, people familiar with the matter said...Tags: Fuel-efficient Vehicles, General Motors Corp., U.S. Department of Energy, Bankruptcy, Services and Shopping
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Battling a Motion to Strip or Motion to Value in Bankruptcy Court
Blog Sponsored by Taylor & Carls, P.A. The association has finally obtained its foreclosure judgment for nonpayment of assessments. A sale date has been set. Then, the owner files bankruptcy. What does the association then do? Historically, and...Tags: Financial and Business Services, Mortgages, St. Petersburg (Pinellas, Florida), Tampa, Bankruptcy
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U.S. Justice Dept opposes AMR's $20 mln severance for CEO Horton
Reuters* Says severance payment violates bankruptcy law * Horton's proposed severance has been controversial By Nick Brown May 24 (Reuters) - A plan by American Airlines' parent to exit bankruptcy and merge with US Airways Group is coming under fire from...Tags: Restructuring and Recapitalization, AMR Corp., Bankruptcy, U.S. Airways, Crime, Law and Justice
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Christian Brothers settle suit with 400 sex abuse victims
The Roman Catholic religious order that runs Brother Rice High School in Chicago and St. Laurence High School in Burbank didn't want Brother Edward Chrysostom Courtney in Chicago any longer. So in the early 1970s, the Irish Christian Brothers shipped...Tags: Abusive Behavior, Justice System, Crime, Law and Justice, Bankruptcy, Cook County Government
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Borders gift card holders deserve nothing, judge rules
Reuters* About 17.7 million cards outstanding when chain closed * Tens of millions of dollars of potential claims rejected By Jonathan Stempel May 22 (Reuters) - Borders owes nothing to holders of roughly $210.5 million of gift cards that had not been used by...Tags: Borders Group Incorporated (MI), Justice System, Crime, Law and Justice, Bankruptcy, Manhattan (New York City)
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Judge rules gifts cards from belly-up Borders bookstores worthless
Those clinging hopefully to the old Borders books gift cards stashed in their drawers or wallets are out of luck, a Manhattan federal judge ruled Wednesday. According to Reuters, there are about $210.5 million worth of such cards that had not been used by...
Tags: Justice System, Books and Magazines, Bankruptcy, Services and Shopping, Economy, Business and Finance
Jul 5, 2012
|Story| Imperial Valley Press Online
Jul 12, 2012
|Column| Imperial Valley Press Online
Feb 16, 2012
|Story| Imperial Valley Press Online
Feb 1, 2011
|Story| AP Member Choice Limited
May 24, 2013
|Story| Reuters
May 24, 2013
|Story| Reuters
May 24, 2013
|Story| Reuters
May 24, 2013
|Story| Orlando Sentinel
May 24, 2013
|Story| Reuters
May 23, 2013
|Story| Chicago Tribune
May 23, 2013
|Story| Reuters
May 23, 2013
|Story| Los Angeles Times
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