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Battery maker bankruptcy bad news for luxury car manufacturer

2012-11-05T20:53:58+00:00

Fisker Automotive could potentially be in financial danger after its sole electric battery manufacturer filed for bankruptcy last month. A123 Systems, which made all of Fisker's electric car batteries for its Karma model, filed for Chapter 11 protection in October with $376 million in debt. According to the Washington Times, A123 Systems is now requesting that [...]

Battery maker bankruptcy bad news for luxury car manufacturer2012-11-05T20:53:58+00:00

Kodak plans to drop retirement benefits in bankruptcy

2012-02-29T19:58:30+00:00

In an attempt to resolve their bankruptcy, Eastman Kodak Co. has said that they plan to stop providing health care benefits to retired, former employees who are over the age of 65-years-old because these individuals would be eligible for health insurance through Medicare. In addition, the change would only affect retirees who retired after October [...]

Kodak plans to drop retirement benefits in bankruptcy2012-02-29T19:58:30+00:00

First decrease in bankruptcies in Florida since 2008

2012-01-30T19:01:25+00:00

According to data from the U.S. Bankruptcy Courts in Florida and Covington, bankruptcies filed in Northern Kentucky and Greater Florida decreased in 2011 for the first time since 2008. Last year, 10,408 bankruptcies were filed in the courts--11.9 percent fewer cases than were filed in Florida and Northern Kentucky in 2010.  The courts cover Boone, [...]

First decrease in bankruptcies in Florida since 20082012-01-30T19:01:25+00:00

Florida La Salle track team honored by Congress

2012-01-25T20:10:32+00:00

Yesterday, the Florida La Salle High School boy's track and field team were honored by the Ohio House of Representatives.  The team won the 2011 state track and field championship. Representative Louis Terhar honored the team and their coach, Frank Russo, for bringing the school its second-ever state track and field championship.  The school's team [...]

Florida La Salle track team honored by Congress2012-01-25T20:10:32+00:00

Bankruptcies in northern and southern Ohio decrease in 2011

2012-01-18T19:30:26+00:00

The number of bankruptcies filed at the U.S. Bankruptcy Court Northern District of Ohio and the U.S. Bankruptcy Court Southern District of Ohio decreased by 16.8 percent in 2011.  Last year, 58,846 bankruptcies were filed at the courts, while 70,724 bankruptcies were filed in northern and southern Ohio in 2010. At the southern district court, [...]

Bankruptcies in northern and southern Ohio decrease in 20112012-01-18T19:30:26+00:00

Saab Automobile files for bankruptcy

2011-12-22T18:20:24+00:00

The Swedish automaker Saab filed for bankruptcy Monday. The company, which started out as a fighter jet producer, has been struggling for two years to revive itself. Its last hopes rested in Chinese investors, but General Motors blocked Saab's attempt to transfer technology over. However, some experts say that the foreign loans could not have [...]

Saab Automobile files for bankruptcy2011-12-22T18:20:24+00:00

Homeless shelter holding raffle for holiday donations

2011-12-14T16:10:42+00:00

Florida's largest homeless shelter, The Drop Inn Center, is holding a raffle to raise money to help those staying at the center during the holidays. Homeless shelters typically house more people during the holidays, and the shelter has already helped 14 percent more people this year than last year. The Drop Inn Center helps 60 [...]

Homeless shelter holding raffle for holiday donations2011-12-14T16:10:42+00:00

Dippin’ Dots ice creams files for bankruptcy

2011-11-07T04:54:27+00:00

On Nov 4, novelty ice cream company, Dippin' Dots, filed for federal bankruptcy protection. The company is located in Paducah, KY, and filed in Louisville.  Dippin' Dots asked the judge to continue to use cash collateral to remain in operation.  According to Yahoo News, the bankruptcy will not hurt creditors including Regions Bank, which the [...]

Dippin’ Dots ice creams files for bankruptcy2011-11-07T04:54:27+00:00

Harrisburg, PA files for bankruptcy

2011-10-26T17:30:00+00:00

Pennsylvania's capitol city of Harrisburg has filed for bankruptcy protection due to a failure to pay a debt on a trash-to-energy incinerator.  The city's Bryn-Mawr based lawyer, Mark D. Schwartz, was against the 4-3 decision made by the city council.   "This was a last resort…they’re at their wits’ end," says Schwartz. With its debt [...]

Harrisburg, PA files for bankruptcy2011-10-26T17:30:00+00:00

Consumer bankruptcy rates expected to drop in 2011

2011-10-05T16:24:11+00:00

The consumer bankruptcy rate in 2011 in expected to be lower than the total number in 2010. In September 2011, the number of bankruptcies fell to 108,517 from 130, 329, which was the rate in September 2010. According to the National Bankruptcy Research Center, the number of bankruptcies that have been filed in the first [...]

Consumer bankruptcy rates expected to drop in 20112011-10-05T16:24:11+00:00

Northwest Ohio sees decrease in banckruptcy filings

2011-09-13T15:18:10+00:00

In August 2011, northwest Ohio has seen a 26 percent decrease in bankruptcy filings compared to August 2010. Last month, there were 579 bankruptcy cases filed in the U.S. Bankruptcy Court of Toledo, a 21-county area. In August 2010, this number was at 785. As of this year there have been 4,767 filings, a 21 [...]

Northwest Ohio sees decrease in banckruptcy filings2011-09-13T15:18:10+00:00

Ohio-based NewPage considers bankruptcy

2011-08-22T16:48:40+00:00

An Ohio-based  company, NewPage, is now considering filing for bankruptcy and deciding how this will affect their Luke Plant that currently employs 870 people. In a filing with the U.S. Securities and Exchange Commission, company officials listed bankruptcy as an option to restructure their debt. They have stated at this time that their plant operations [...]

Ohio-based NewPage considers bankruptcy2011-08-22T16:48:40+00:00

Borders to start liquidating stores this week

2011-07-20T20:46:05+00:00

The Ann Arbor-based bookseller, Borders, that has already closed 399 stores, will now be liquidating their stores on Friday. The bookstore failed to get the bids that would keep the store in business and it is now seeking approval from the courts to sell its assets. As of this week, 10, 700 employees have already [...]

Borders to start liquidating stores this week2011-07-20T20:46:05+00:00

Food company cuts jobs at manufacturing plant

2011-06-30T16:32:13+00:00

Barber Foods has announced that they will be cutting jobs after being sold to an Ohio-based company late last month. Officials have said that the layoffs do not have anything to do with the acquisition, but because of new processing equipment that has been in development for a year. AdvancePierre were two companies that emerged [...]

Food company cuts jobs at manufacturing plant2011-06-30T16:32:13+00:00

Forum Health’s bankruptcy fees near $26 million

2011-06-21T13:30:10+00:00

Forum Health Inc., which was once one of the largest healthcare providers in certain Ohio areas, t has fees up to $26 million that have been approved by the U.S.  Bankruptcy Court that will be used to compensate those involved in the bankruptcy case. The two-year-old bankruptcy case is now working its way to conclusion. [...]

Forum Health’s bankruptcy fees near $26 million2011-06-21T13:30:10+00:00
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