A federal bankruptcy judge said he would not reward the “greedy antics” of financial giant Credit Suisse by ordering the repayment of a $229 million loan it arranged for Montana’s exclusive Yellowstone Club.
Tagged attorney, chapter 11, chapter 7AP – The international bond markets will likely wait until the end of the year before passing judgment on Greece’s efforts to overhaul its economy and pull itself out of a debt crisis that nearly led to the country’s bankruptcy earlier this year, the finance minister said Monday.
Tagged Business, economy, financeFormer Disney chief Michael Eisner could be the next chairman of the Tribune Company. It is one of the nation’s top media companies — though it is currently bankrupt, and working to reorganize its finances and its top management. It owns the Los Angeles Times, which is reporting the news about Eisner. » E-Mail This » Add to Del.icio.us
Tagged financeSea Island Co. is seeking federal bankruptcy protection and says it plans to emerge from Chapter 11 by selling its coastal Georgia resorts, golf courses and private clubs for $197.5 million. Court filings say the company is unable to pay more than $482 million in debt used to finance costly renovations and expansions completed in 2007. » E-Mail This » Add to Del.icio.us
Tagged finance