Presented by the Consumer and Bankruptcy Lawyers of Baxter & Baxter, LLP
A court-appointed trustee seeking to recover billions of dollars lost by Bernard Madoff filed 3 lawsuits in a bid to get back more than $30 million he said the Madoff family had invested. Bernard Madoff – Lawsuit – Irving Picard – Ponzi scheme – United States bankruptcy court
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Lawsuits seek $30 million from Madoff family
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Jennifer Convertibles Inc. filed for Chapter 11 bankruptcy protection following liquidity problems, the sofabed seller said Monday.
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Jennifer Convertibles files for Chapter 11
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Ford Motor Co., the only Detroit automaker to avoid bankruptcy protection, said Wednesday it will reduce its huge debt by another $4 billion.
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Ford to repay $4 billion more in debt
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Cleanup crews in protective suits and masks have removed hundreds of pounds of rotting meat from a maggot-filled trailer in Nevada after it was abandoned in a bankruptcy dispute with a closed butcher shop.
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Nevada probes bankrupt butcher’s rotting meat
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The former head of the now bankrupt mortgage lender Taylor, Bean & Whitaker Mortgage Corp. has been charged with fraud in a scheme that led to the misappropriation of more than $1 billion.
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Ex-mortgage lender exec charged in $1B scam
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Road closures, strikes and blockades have horrified people in Greece’s vital tourism industry as it struggles to emerge from a vicious debt crisis that brought it to the brink of bankruptcy. Greece – Tourism – Travel and Tourism – EuropeanUnion – United States
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Greece’s tourism industry under threat
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Blockbuster Inc. is trying to line up a $150 million lifeline in case the troubled video-rental chain files for Chapter 11 bankruptcy protection, according to a published report.
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Blockbuster discussing bankruptcy lifeline
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In the early ’80s, Leslie Wexner, the founder of The Limited, purchased Victoria’s Secret, a small San Francisco chain headed into bankruptcy, and lifted lingerie out of the red-light district, launched it onto the runway, and landed it right into the underwear drawers of mainstream America.
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Newsweek: How Victoria’s Secret made lingerie mainstream
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The Tribune Co. wants to pay top executives and managers more than $15 million in bonuses as part of its bankruptcy reorganization plan.
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