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Sunday, December 17, 2017
creditors

Judge Forces Detroit Bankruptcy Foe To Name Its price: 75 Percent Of What’s Owed

By Nathan Bomey, Matt Helms and Tresa Baldas, Detroit Free Press DETROIT — Detroit’s most vociferous bankruptcy opponent said Wednesday the city cannot legally justify treating pensioners better than financial creditors and said it wants to be paid 75 percent of what it’s owed. In a dynamic exchange, Bankruptcy Judge Steven Rhodes demanded that Marc […]

September 3, 2014

Argentina Blames United States, ‘Incompetent’ Judge For Default

By Sonia Avalos Buenos Aires (AFP) — Argentina blamed the United States Thursday for the legal battle that forced it into its second default in 13 years, accusing the judge and mediator in the case of “incompetence.” The country officially went into default Wednesday night after the failure of 11th-hour talks with two U.S. hedge […]

July 31, 2014

Iconic Bookstore Chain Likely Headed For Liquidation

NEW YORK (AP) — Borders Group, the nation’s second largest book store chain that once operated over 1,000 stores, appears headed for liquidation after a judge on Thursday approved its motion to auction itself off with a team of liquidators as its opening bid. The move came after an offer made earlier this month from […]

July 14, 2011