Oregon Consumer Law and Bankruptcy News

General Growth Properties to relist shares on NYSE (AP)

Baxter & Baxter, LLP — Wed, 03 Mar 2010 10:52:04 +0000

AP – General Growth Properties Inc., which last year filed the largest U.S. real estate bankruptcy case in history, said Tuesday that it applied to relist its shares on the New York Stock Exchange

View post:
General Growth Properties to relist shares on NYSE
(AP)

Greek PM says sacrifices vital to avert bankruptcy

Baxter & Baxter, LLP — Wed, 03 Mar 2010 10:52:02 +0000

ATHENS (Reuters) – Greek Prime Minister George Papandreou said on Tuesday his country was fighting for survival against bankruptcy and urged civil servants and pensioners to accept sacrifices to save the debt-burdened nation. Original post: Greek PM says sacrifices vital to avert bankruptcy

See more here:
Greek PM says sacrifices vital to avert bankruptcy

Paper goods retailer Swoozie’s files bankruptcy (Reuters)

Baxter & Baxter, LLP — Wed, 03 Mar 2010 10:52:00 +0000

Reuters – Swoozie’s, a U.S. retailer of luxury gifts and stationery products, filed for bankruptcy protection on Tuesday, saying it was hurt by underperformance of recently acquired stores in the Northeast. See the rest here: Paper goods retailer Swoozie’s files bankruptcy (Reuters)

View original post here:
Paper goods retailer Swoozie’s files bankruptcy
(Reuters)

General Growth inks deal to exit bankruptcy

Baxter & Baxter, LLP — Thu, 25 Feb 2010 15:43:44 +0000

LOS ANGELES-(AP) The nation’s second-largest shopping mall operator General Growth Properties Inc. said Wednesday it reached a deal with ’s Brookfield Asset Management Inc. that will speed its exit from Chapter 11 bankruptcy protection

Excerpt from:
General Growth inks deal to exit bankruptcy

GM to end Hummer after sale to Chinese buyer fails

Baxter & Baxter, LLP — Thu, 25 Feb 2010 15:43:43 +0000

DETROIT- (AP) General Motors Co. said Wednesday it will shut down Hummer after its bid to sell the brand to a Chinese company collapsed. Heavy equipment maker Sichuan Tengzhong Heavy Industrial Machines Co.

Here is the original post:
GM to end Hummer after sale to Chinese buyer fails

General Growth makes deal to exit bankruptcy

Baxter & Baxter, LLP — Thu, 25 Feb 2010 15:43:41 +0000

Canada’s Brookfield Asset Management plans to invest $2.6 billion in cash in exchange for shares, giving it a 30% stake in the nation’s No.

Original post:
General Growth makes deal to exit bankruptcy

Bankruptcy case heats up for former Oregon timber tycoon Tim Blixseth

Baxter & Baxter, LLP — Thu, 25 Feb 2010 15:43:40 +0000

A down-on-his-luck billionaire and a banking giant with a soiled name sparred Wednesday in bankruptcy court, each blaming the other for fleecing the ritzy Yellowstone Club of nearly $300 million.

Read the original:
Bankruptcy case heats up for former Oregon timber tycoon Tim Blixseth

Mall Operator Plans to Split Company to Exit Bankruptcy

Baxter & Baxter, LLP — Thu, 25 Feb 2010 15:43:38 +0000

Under the plan, General Growth Properties would receive an investment of $2.63 billion from Brookfield Asset Management, a large real estate investment firm. Read this article: Mall Operator Plans to Split Company to Exit Bankruptcy

Continued here:
Mall Operator Plans to Split Company to Exit Bankruptcy

Tavern On The Green creditors, city face off over name

Baxter & Baxter, LLP — Wed, 24 Feb 2010 10:42:00 +0000

NEW YORK (Reuters) – New York City’s claim to the name of the landmark Central Park restaurant Tavern on the Green has caused crippling delays and left some creditors with little chance of getting their money, the bankrupt restaurant’s unsecured creditors committee said. Read the original post: Tavern On The Green …

The rest is here:
Tavern On The Green creditors, city face off over name

Va. entrepreneur faces fraud charges, bankruptcy (AP)

Baxter & Baxter, LLP — Wed, 24 Feb 2010 10:41:58 +0000

AP – When Virginia steakhouse owner Osama El-Atari disappeared last year, he left behind a $3.8 million McMansion, a few splashy sports cars and a bunch of banks that said he cheated them out of about $60 million.

See the original post:
Va. entrepreneur faces fraud charges, bankruptcy
(AP)