Bankruptcy Proceedings stories:
GM to start repaying debt to US
Nov 16th, 2009 - CNNMoney
NEW YORK (CNNMoney.com) -- General Motors said better results will allow it to start repaying government loans sooner than expected, although the company continued to lose money in its first quarter since emerging from bankruptcy.
Maine governor says state will participate in FairPoint Ch. 11 bankruptcy proceedings
Oct 26th, 2009 - baltimoresun
PORTLAND, Maine (AP) - Gov. John Baldacci says Maine will participate in FairPoint Communications Inc.'s bankruptcy hearings to make sure the company fulfills its promises and improves its customer service.
GM Sales Chief Leaves Amid Restructuring
Oct 7th, 2009 - CBS News
General Motors Co.'s North American sales chief is leaving the automaker as it continues its furious effort to get leaner and boost its slipping market share, GM CEO Fritz Henderson said Wednesday. Henderson announced the departure of Mark LaNeve...
GM's US sales chief leaves as company tries to boost market share - Fort Lauderdale Sun
Oct 7th, 2009 - Sentinel
DETROIT (AP) - General Motors Co.'s North American sales chief is leaving the automaker as it continues its furious effort to get leaner and boost its slipping market share...
GM US sales chief leaves as restructuring goes on
Oct 7th, 2009 - Houston Chronicle
DETROIT — General Motors Co.'s North American sales chief is leaving the automaker as it continues its furious effort to get leaner and boost its slipping market share...
Bankruptcy Proceedings videos from YouTube:
1:52FairPoint Bankruptcy Proceedings Scrutinized
Maine regulators assure customers of FairPoint Communications that their interests will be protected during the company's bankruptcy proceedings. News 8's Cam Tran reports.
9:23Can Unpaid Taxes Be Discharged in Bankruptcy?
In a bankruptcy proceeding debts are divided into two categories: dischargeable and non-dischargeable. Dischargeable debts are those that the debtor is no longer personally liable to pay after the bankruptcy proceedings are concluded ...
1:44GM: Bankruptcy "more probable"
No surprise here, unless of course you faithfully followed the advise of your stock broker purchasing stocks of GM on the diluted - naive and at times fanatical perception that there would be some miraculous economic recovery later this year ...
5:37Alexander Introduces Auto Stock for Every Taxpayer Act
US Senator Lamar Alexander (R-Tenn.), chairman of the Senate Republican Conference, said today during a press conference that he is introducing legislation today to require the Treasury to distribute to individual taxpayers all ...
Bankruptcy Proceedings from WikiPedia:
Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay its creditors. Creditors may file a bankruptcy petition against a debtor ("involuntary bankruptcy") in an effort to recoup a portion of what they are owed or initiate a restructuring. In the majority of cases, however, bankruptcy is initiated by the debtor (a "voluntary bankruptcy" that is filed by the insolvent individual or organization).
The concept and origin of bankruptcy law as it is now known in the United States originated in England. The first English bankruptcy law is generally agreed to have been enacted in 1542. (34 and 35, Henry VIII, c.4 (1542) England.)
Actually, bankruptcy was originally planned as a remedy for creditors - not debtors. During the reign of King Henry VIII., bankruptcy law allowed a creditor to seize all of the assets of a trader who could not pay his debts.
Read more on WikiPedia
