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Path Is Sought for US States to Escape Debt Burdens

MARY WILLIAMS WALSH The New York Times 01/20/2011
American Airlines files for Ch. 11 bankruptcy protection

American Airlines' parent company is seeking Chapter 11 bankruptcy protection as it seeks to unload massive debt built up by years of accelerating jet fuel prices and labor struggles.

Path Is Sought for US States to Escape Debt Burdens

Policy makers are working behind the scenes to come up with a way to let states declare bankruptcy and get out from under crushing debts, including the pensions they have promised to retired public workers.

Harrisburg, Pennsylvania, Council Told to Consider Bankruptcy

Dunstan McNichol Bloomberg.com 04/27/2010
US Says Bankruptcies Reach Nearly 5-Year High

U.S. bankruptcy filings have reached the highest level since 2005, government data released on Tuesday show, as the economy slows and the unemployment rate hovers just below double digits.

Harrisburg, Pennsylvania, Council Told to Consider Bankruptcy

Harrisburg, Pennsylvania, which has missed $6 million in debt payments since Jan. 1, should consider seeking Chapter 9 bankruptcy protection, City Controller Dan Miller told a three-hour special committee hearing.

U.S. trustee seeks bankruptcy denial for Capitol View developer

Eric Veronikis Central Penn Business 02/08/2010

Air America Radio Closing, Filing for Bankruptcy

RYAN NAKASHIMA ABC News 01/22/2010
U.S. trustee seeks bankruptcy denial for Capitol View developer

A U.S. trustee has filed a motion in U.S. Bankruptcy Court to deny Chapter 7 bankruptcy protection for the developer of Harrisburg's bohtched Capitol View Commerce Center project.

Air America Radio Closing, Filing for Bankruptcy

Air America Radio, a radio network that was launched in 2004 as a liberal alternative to Rush Limbaugh and other conservative commentators, on Thursday shut down abruptly due to financial woes.

Japan Airline’s Largest Banks Said to Agree to Legal Bankruptcy

Finbarr Flynn and Chris Cooper BusinessWeek 01/09/2010
Horizon Bank first U.S. bank failure of 2010

U.S. regulators closed Horizon Bank (HRZB.O) of Bellingham, Washington, on Friday, kicking off what has been forecast as a peak year for small bank failures.

Japan Airline’s Largest Banks Said to Agree to Legal Bankruptcy

Japan Airlines Corp.’s largest banks are set to agree to a bankruptcy of Asia’s largest carrier, said four sources familiar with the matter.

Mesa Air Group files for bankruptcy, to cut fleet

Santosh Nadgir Reuters 01/05/2010
Mesa Air Group files for bankruptcy, to cut fleet

Struggling U.S. regional airline operator Mesa Air Group Inc (MESA.O) said it filed for bankruptcy protection in a Manhattan court early Tuesday in a bid to cut its oversized fleet.

U.S. Catholic Diocese files for Chapter 11

Delaware's Catholic Diocese of Wilmington Inc filed for Chapter 11 bankruptcy protection, court documents showed on Sunday, in the face of more than 140 claims filed by people who said they were victims of sexual abuse by the diocese's priests.


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