Highlights
A collection of news and information related to Financially Distressed Companies published by this site and its partners.
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AMF Bowling plans to merge with New York-based company
AMF Bowling Worldwide Inc. plans to merge with New York-based bowling center operator Bowlmor, the Richmond Times-Dispatch reported. The merger is part of the plan for Hanover County-based AMF Bowling to pay creditors’ debts and exit Chapter 11...
Tags: Companies and Corporations, Economy, Business and Finance, Hampton Roads, Sports, Bankruptcy
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KidsPeace files for bankruptcy
Carrying $240 million in debt, Orefield-based KidsPeace filed for bankruptcy Tuesday. The move comes after years of struggles in which the organization that gives treatment to troubled and autistic children laid off workers and missed debt payments....
Tags: Pension and Welfare, Politics, Layoffs and Downsizing, Unemployment, Bethlehem Steel
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In Karoly will dispute, millions in administrative expenses
In the end, lawyers could end up with most of the money in the bitterly contested estates of Allentown medical malpractice attorney Peter Karoly and his wife, Dr. Lauren Angstadt. During six years of legal limbo, the estates have racked up $3.74...Tags: Justice System, Allentown, Crime, Law and Justice, Economy, Business and Finance, Finance
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How not to run a local government
One of the more enjoyable aspects of my public career was an excellent relationship with public safety unions. Law enforcement, fire and EMT groups were supportive of my races for the state legislature, Congress and governor. Although not unheard of,...Tags: Pension and Welfare, Politics, California Public Employees' Retirement System, U.S. Congress, Finance
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Aberdeen-area bankruptcies for May 9-15, 2013
Here are bankruptcy filings in U.S. Bankruptcy Court, District of South Dakota, for May 9-15, 2013. Individuals can file Chapter 7 petitions (asking that debts be liquidated); Chapter 12 (a simplified reorganization method for farmers and ranchers...Tags: Bankruptcy
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Some recession victims feel lucky to be working harder
arnoldp@herald-mail.comOne thing Ed Grimes hates about his current work schedule is trying to explain it to others. “It’s confusing,” he said. Since being laid off in 2009 after nearly four decades at Hagerstown’s Noland Company, the 61-year-old...Tags: Employment Opportunities, Vehicles, Unemployment, Finance, Labor Legislation
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Report: GM stock prices finally eclipse $33 IPO price
Autoblog.comFiled under: GM, Earnings/Financials General Motors has reached an important milestone this morning: the price for one share of the company has climbed to over $33. That's higher than the Initial Public Offering price from 2010. At roughly 12:15PM Eastern... -
Fiat weighs shifting its HQ to the U.S.
Fiat, the century-old Italian automaker, appears poised to move its headquarters to the U.S. after its planned merger with Chrysler Group. The move would be unprecedented in the automotive industry, experts said, because of Fiat's deep roots. "To...
Tags: Intel Corp., Manufacturing and Engineering, Big 3 Auto Bailout (2008), Microsoft Corporation, Sergio Marchionne
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Car Promises That Weren't Kept
KickingTiresEver wonder what happened to events in the auto industry that were supposed to occur but didn't? You might have seen a news story on a site like ours of a promise by an automaker that sounded legitimate with lots......Tags: Politics, Dodge, Vehicles, Elan Corporation Plc, Smart Car
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Casey Anthony's attorneys: Judge Perry 'eviscerated' her chance of fair defamation trial
Casey Anthony's bankruptcy attorneys said Judge Belvin Perry "completely eviscerated" her chance of having a fair defamation trial in Orlando because of public comments he recently made about her first-degree murder case. Perry, the chief judge of the...
Tags: Litigation, Trials, NBC (tv network), Lawyers, Bankruptcy
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Report: Detroit is broke; could bankruptcy lie ahead?
DETROIT (AP) — The first report by Detroit's emergency manager declares that the city is broke and at risk of running completely out of money — a financial meltdown that could mean employees don't receive paychecks, retirees lose their...
Tags: Bank of America Corp., Pension and Welfare, Politics, Rick Snyder, Interior Policy
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05/13: Bankruptcies
Chapter 7 Central Florida individuals and businesses that have filed for liquidation under Chapter 7 of the U.S. Bankruptcy Code include: Central Orlando Properties LLC, 840 Kenilworth Terrace, Orlando. Filed: May 3. Estimated assets: $0 to $50,000....
Tags: Orlando, Bank of America Corp., Companies and Corporations, Economy, Business and Finance, Business
May 22, 2013
|Story| Daily Press
May 21, 2013
|Story| Allentown Morning Call
May 20, 2013
|Story| Allentown Morning Call
May 19, 2013
|Column| Baltimore Sun
May 19, 2013
|Story| Aberdeen News
May 18, 2013
|Story| Herald Mail
May 17, 2013
|Blog| Autoblog.com
May 17, 2013
|Story| Los Angeles Times
May 16, 2013
|Blog| Cars.com
May 13, 2013
|Story| Orlando Sentinel
May 13, 2013
|Story| Petoskey News
May 12, 2013
|Story| Orlando Sentinel
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