Years Between Bankruptcy Links

Years Between Bankruptcy Headlines

Judge backs bankruptcy for Vallejo (The Reporter)

A federal judge ruled Friday that Vallejo is eligible for municipal bankruptcy protection, setting the stage for a major battle over possible dissolution of city employee union contracts. The decision came less than a week after the close of a monthlong court clash between the city and union attorneys.

Bankruptcy filings soar for seniors (The Sacramento Bee)

No one, Placerville lawyer John Roberts insists, wants to raise the white flag of personal bankruptcy.

Seattle bankruptcy trustee sues CEO of mortgage lender MILA (Puget Sound Business Journal)

The bankruptcy trustee of failed mortgage lender MILA has filed suit against its chief executive, alleging that he “looted” the company for personal gain for two years before it shuttered.

Treasury Secretary Paulson's balancing act on Fannie and Freddie (Los Angeles Times)

Some advocate a bankruptcy-style solution, others a big infusion of cash. He's looking for middle ground to address the mortgage giants' crisis. When Treasury Secretary Henry M. Paulson Jr. reveals how the Bush administration intends to steady tottering mortgage giants Fannie Mae and Freddie Mac -- probably this afternoon -- he will be walking a knife edge between two seemingly irreconcilable ...

Vallejo gets OK to move ahead with bankruptcy (San Jose Mercury News)

A federal judge ruled Friday that Vallejo is eligible for municipal bankruptcy protection, setting the stage for a major battle over possible dissolution of city employee union contracts.