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Perhaps bankruptcy would help Big Three more than a bailout (The Sarasota Herald-Tribune)
Seldom has a column generated the response seen last week. The vast majority of comments favored letting General Motors, Ford and Chrysler file for bankruptcy. The Big Three could then operate using "debtor in possession" financing, backed by the federal government.
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Advantage of Corporate Bankruptcy Is Dwindling (New York Times)
More companies that file for bankruptcy protection are shutting down because they cannot obtain enough financing to operate while they reorganize.
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Advantage of corporate bankruptcy is dwindling in U.S. (International Herald Tribune)
More U.S. companies that file for bankruptcy protection are shutting down because they cannot obtain enough financing to operate while they reorganize.
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Can only one spouse file? (Bankrate.com)
Dear Bankruptcy Adviser, Can a spouse file bankruptcy in a case where a new business has failed, and there is no money left to pay the lease payment on the building? The other spouse has not signed anything in regards to the business.
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Banks bail on company credit lines, leaving homebuilders high and dry (San Diego Daily Transcript via Yahoo! News)
Michael Pattinson, Carlsbad-based Barratt American CEO, says his firm is likely to file for Chapter 11 bankruptcy before the end of the year, and local builder Innovative Communities is filing Chapter 7 liquidation by Dec. 31 as well.
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Gift Card email: The Real Deal (WSYR 9 Syracuse)
There's an email circulating about the dangers of buying gift cards this holiday season, since so many stores either have or may close or file for bankruptcy.
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Mall’s owners may face bankruptcy (Lake Wales News)
General Growth Properties Inc., owners of the Eagle Ridge Mall in Lake Wales, saw its stock plummet this week after the mall owner warned it faces solvency trouble and may be forced to file for bankruptcy if it can't refinance or extend nearly $1 billion in debt due next month.
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Want a federal bailout? Why not bankruptcy, too? (AP via Yahoo! News)
What's so bad about bankruptcy as an alternative to big bailouts for automakers or other critical U.S. companies? Frozen credit and the hardships of a Chapter 11 reorganization make it a tough pill to swallow for struggling industries and their workers.
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The case for Chapt. 11 bankruptcy for carmakers (San Francisco Chronicle)
Auto executives have painted a dire picture for their companies and the economy if they are denied $25 billion in federal loans and forced into bankruptcy. Yet many legal experts say that Chapter 11 bankruptcy, which lets a company restructure its operations...
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Credit crisis cuts bankruptcy lifeline (International Herald Tribune)
U.S. bankruptcy laws let companies reorganize while they obtain new financing, but with credit hard to find, bankruptcies often lead directly to liquidation.
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