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Publisher says buyer emerges for Ariz. paper
Nov 20th, 2009 - Forbes
MESA, Ariz. -- The publisher of the East Valley Tribune in the Phoenix suburb of Mesa said Friday that a buyer has made an offer that would keep the paper and its Web site in business. Publisher Julie Moreno told Tribune staffers that Irvine...
Tyson Foods names Donnie Smith as CEO
Nov 19th, 2009 - Boston
MILWAUKEE—In a move that signals Tyson Foods Inc. believes its chicken segment is again profitable, the world's largest meat maker has named a new CEO to replace interim head Leland Tollett...
Simmons bedding company files for Chapter 11
Nov 17th, 2009 - AOL Money & Finance
DOVER, Del. -Simmons Co., maker of Beautyrest mattresses, has filed for bankruptcy protection. The privately held, Atlanta-based company filed a prepackaged Chapter 11 plan Monday in Delaware...
Revamped GM loses $1.2 billion
Nov 17th, 2009 - Washington Post
General Motors lost $1.2 billion in the first 83 days after it emerged from bankruptcy protection in July, the company announced Monday.
But officials with the nation's...Henderson: GM to Begin Repaying Aid by Year-End
Nov 16th, 2009 - ABC News
General Motors Co. will begin paying back $6.7 billion in U.S. government loans by the end of 2009 and could pay off that full amount as early as 2010, five years ahead of schedule...
Bankruptcy Protection videos from YouTube:
3:30US car giant to file for bankruptcy protection - 01 June 09
General Motors is set to file for bankruptcy protection, a move that will allow the car giant to be carved into two companies: an old GM with so-called "bad assets" and a new GM containing ...
0:52Vick Files for Bankruptcy Protection
SportsVick Files for Bankruptcy ProtectionVick Files for Bankruptcy ProtectionThe Associated PressImprisoned quarterback Michael Vick filed for bankruptcy protection while serving time for federal dogfighting charges ...
2:30Chrysler Files for Bankruptcy Protection
Chrysler filed for bankruptcy protection and announced it will temporarily halt most of its vehicle production while it completes a deal with Italian carmaker Fiat designed to revive its tattered fortunes. (April 30)
3:46General Motors to File For Bankruptcy Protection - Bloomberg
Exclusive Coverage - According to People Familiar, GM's Chapter 11 Filing Date Set for June 1st; Reaction with (Bloomberg News)
Bankruptcy Protection 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
