New Mexico Attorney General Gary King has accused a Texas-based loan company, FastBucks, of trying to “weasel out” of paying $20 million of restitution to New Mexico residents by filing for bankruptcy. This would leave...
Category: News
1 Feb, 2013
Bankruptcy Review For February 1, 2013
This week in bankruptcy news: a leader in K-12 educational products, School Specialty Inc., files for Chapter 11 and receives $50 in financing from a private investment firm to pursue reorganization goals. Stockton, CA...
28 Jan, 2013
Atari Files for Chapter 11 Bankruptcy
The US arm of the video game company that created massive gaming hits like “Pong” filed for Chapter 11 bankruptcy today, hoping that the move will help to split them from their French owners. Things like the company logo...
25 Jan, 2013
Bankruptcy Review For January 25, 2013
This week in bankruptcy news: once a trendsetting video game producer, Atari, seeks Chapter 11 protection to shake its French owner and move forward with profitability in the U.S. Kodak wins judge approval to finance the...
23 Jan, 2013
Sweden Riksbank Wants Rules for Mortgages
The chief of the Swedish bank Riksbank wants there to be harder rules for people to pay down their mortgages. This move is in response to what he calls the “eternal duration” it is taking Swedes to pay down their...
