Bankruptcy News

Dana's Bankruptcy Is Payback to Ford, Automakers 08 Mar 2006
Bloomberg March 8 (Bloomberg) -- Another tremor shook the US auto industry on March 3 when Dana Corp., a 102-year-old parts manufacturer, filed for bankruptcy. ...

Clear Thinking Group, Myers Named Universal Access Bankruptcy Plan ... 08 Mar 2006
Yahoo! News (press release) ...headquartered here, and Joseph E. Myers, a partner and managing director in the firm, have been appointed plan administrator in the bankruptcy case of ...

Fitch: US Credit Card Chargeoffs 'Fully Digest' Bankruptcy Effect ... 08 Mar 2006
Business Wire (press release), ...period by 306 bps to a robust 8.38%, bringing the three-month average excess spread up 112 bps to 6%. Last fall's spike in personal bankruptcy filings has ...

Bankruptcy law plans will aid firms Mar 7, 2006
Scotsman, MSPs have questioned whether a proposed law on bankruptcy will encourage would-be entrepreneurs in Scotland. Deputy enterprise minister ...

Judge approves examiner in Refco bankruptcy Mar 7, 2006
Reuters NEW YORK, March 7 (Reuters) - A judge in New York on Tuesday approved the appointment of an examiner to oversee the bankruptcy of commodities and futures ...

ProCare files for bankruptcy Mar 6, 2006
Crain's Cleveland Business, ProCare Automotive Service Solutions LLC, an Independence-based auto repair shop chain, filed for Chapter 11 bankruptcy protection as it prepares to be sold to ...

Bankruptcy filers not deadbeats as many assume Mar 6, 2006
Columbus Ledger-Enquirer, In what will undoubtedly be the first of many "I told you so" reports, the National Association of Consumer Bankruptcy Attorneys has found that, overwhelmingly ...

Bankruptcy cases drop off at start of 2006 Mar 6, 2006
Arizona Republic, Bankruptcies in Arizona are down 83.5 percent to 660 in the first two months of 2006, according to the US Bankruptcy Court District of Arizona. ...

Investors try to derail bankruptcy petition Mar 7, 2006
MLive.com, ...investments. An attorney for Sawtelle and two other investors is trying to stop Benjamin from using bankruptcy to avoid paying his debts. ...

Dana Corp enters bankruptcy filing as industry suffers Mar 4, 2006
Taipei Times, Auto-parts maker Dana Corp filed for bankruptcy protection for its US operations, joining a growing list of suppliers forced to make major restructuring moves ...

Moody's sees Dana bankruptcy having some CDO impact Mar 6, 2006
Reuters NEW YORK, March 6 (Reuters) - Moody's Investors Service said on Monday that the bankruptcy filing of car and truck parts supplier Dana Corp. ...

US auto parts firm Dana Corp files for bankruptcy protection Mar 5, 2006
Forbes ...reorganization. Dana's European, South American, Asia-Pacific, Canadian and Mexican subsidiaries are not included in the bankruptcy filing. ...

Westchester DA probes Yonkers company's bankruptcy Mar 5, 2006
The Journal News.com, Reformed Church of Bronxville. Then, on June 1, 2004, it all ended in US Bankruptcy Court in White Plains. Eimicke Associates, also ...

Outsiders will be key players in guiding Dana in bankruptcy Mar 5, 2006
Toledo Blade, Mr. Stenger, a consultant with AlixPartners LLC of suburban Detroit, will be Dana's chief restructuring officer in its Chapter 11 bankruptcy filing. ...

Dana Corp.'s US operations seek bankruptcy protection - UPDATE 2 Mar 4, 2006
FinanzNachrichten.de, ...whose shares have lost more than half their value during the past two sessions, threw its US operations into voluntary Chapter 11 bankruptcy protection Friday ...

Car-parts supplier Dana Corp. files for bankruptcy protection Mar 4, 2006
Barre Montpelier Times Argus, ...filed for bankruptcy protection for its US operations on Friday, joining a growing list of suppliers forced to make major restructuring moves because of the ...

Automotive supplier Dana Corp. files for bankruptcy Mar 4, 2006
Autoblog, Dana Corp. filed for Chapter 11 bankruptcy protection Friday in New York, following in the footsteps of Delphi Corp., which filed in October 2005. ...

Dana files for bankruptcy Mar 5, 2006
Elizabethtown News Enterprise, ELIZABETHTOWN — Auto parts maker Dana Corp., which owns one of the town’s largest factories, filed for Chapter 11 bankruptcy protection for its US ...

Auto-parts maker files for bankruptcy Mar 4, 2006
Columbia Missourian, By JEMIMAH NOONOO. Dana Corp., an auto-parts manufacturer that employs 320 people in Columbia, filed for bankruptcy Friday. The Toledo ...

GM's bankruptcy = Ford's biggest nightmare? Mar 5, 2006
Autoblog, After systematically discussing GM’s numerous problems (product, the UAW, leadership, etc.), Farago concludes bankruptcy would lead to the emergence of a ...

Dana Files for Bankruptcy Mar 4, 2006
WANE, ...(Toledo, Ohio - AP) Troubled auto parts maker Dana Corporation says it has filed for bankruptcy. In a statement from its Toledo ...

Former Denver developer's bankruptcy in final stages Mar 6, 2006
Denver Business Journal, An Arizona bankruptcy case involving former Denver-based real estate developer Robert A. Russell may be nearing resolution. An evidentiary ...

Dana Files Bankruptcy Mar 5, 2006
WLNS, ...to take drastic measures. Toledo-based Dana Corporation has filed for chapter 11 bankruptcy protection. Dana employs 46,000 people ...

Bankruptcy laws failing consumers Mar 6, 2006
Jacksonville Daily Record, Instead of preventing abuse by people who can afford to pay their debts, last year’s bankruptcy reform law is delaying those who need it most, according to a ...

Most bankruptcy filers aren’t out to beat system, analysis shows Mar 5, 2006
Columbus Dispatch, The National Association of Consumer Bankruptcy Attorneys has found that, overwhelmingly, people who file for bankruptcy protection aren’t deadbeats who went ...

Bankruptcy law shows you get what you pay for Mar 5, 2006
Macomb Daily, When bankruptcy reform legislation was adopted last year, supporters said that it would crack down on "deadbeats" who abuse the bankruptcy laws and avoid ...

Are You Considering Bankruptcy? Wait! Mar 5, 2006
DailyIndia.com, Filing for bankruptcy is an extreme move and definitely not a fast fix. ... It's much better to sell everything you own than it is to enter bankruptcy. ...

Arbitration court suspended bankruptcy case against navy shipyard Mar 6, 2006
Bellona, The Murmansk region arbitrary court decided to suspend the bankruptcy case against navy shipyard no.82 situated in the closed military zone Severomorsk on the ...

Landlord blames ale costs for bankruptcy Mar 6, 2006
Shropshire Star, The landlord of popular Ludlow pub the Blue Boar, in Mill Street, has been forced to declare himself bankrupt because of high rents and ale costs. ...

Ramtron Revises Fourth-Quarter 2005 Financial Results; Customer ... Mar 6, 2006
Business Wire (press release), The revision is related to the recent bankruptcy filing of Iskraemeco, a leading European utility metering manufacturer and Ramtron product customer. ...

Dana Files for Bankruptcy After Ford, GM Cut Demand (Update4) Mar 3, 2006
Bloomberg ...filed for bankruptcy for its US operations, becoming the fourth major US auto-parts maker to seek protection in the past 13 months as Ford Motor Co. ...

Car part maker Dana files for bankruptcy Mar 3, 2006
The Age, Auto parts maker Dana has filed for bankruptcy protection for its US operations, joining a growing list of suppliers forced to make major restructuring moves ...

Dana, a Parts Supplier, Files for Bankruptcy Protection Mar 3, 2006
New York Times, March 3 — The Dana Corporation, an auto supplier facing dwindling cash and a federal investigation into its accounting, filed for bankruptcy protection on ...

Dana files for bankruptcy protection Mar 4, 2006
Detroit Free Press, Dana Corp. is the first major auto supplier to file for bankruptcy this year. Last year, four major auto suppliers declared bankruptcy: Dana Corp. ...

Auto-parts supplier Dana Corp. files for bankruptcy protection Mar 3, 2006
CBC News, ...filed for bankruptcy protection for its US operations Friday, joining a growing list of suppliers forced to make major restructuring moves because of the ...

Bankruptcy judge approves $1.45M in DIP financing for dana Mar 3, 2006
MarketWatch NEW YORK (MarketWatch) -- A federal bankruptcy judge approved a request by Dana Corp. ... On Friday, Dana filed for Chapter 11 bankruptcy protection in New York. ...

Another Auto Parts Maker Seeks Bankruptcy Protection Mar 4, 2006
Los Angeles Times, ...which has been in business since the Ford Model T era, on Friday became the sixth major auto parts supplier to seek Chapter 11 bankruptcy protection, citing ...

Dana Corp. heads for bankruptcy Mar 3, 2006
Indianapolis Star, TOLEDO, Ohio -- Auto parts maker Dana Corp., which employs Indiana workers, filed for bankruptcy protection for its US operations today, joining a growing list ...

Bankruptcy Costs Contribute to Wider Loss at Northwest Air Mar 1, 2006
Los Angeles Times, Northwest Airlines Corp.'s fourth-quarter loss tripled to $1.31 billion because of costs from its bankruptcy filing in September and higher fuel expenses. ...

Delphi losses now at $1.4 billion since filing for bankruptcy Feb 28, 2006
Detroit Free Press, By JASON ROBERSON. Since Delphi Corp. filed for bankruptcy in October it has lost $1.4 billion, the company said Tuesday. ... Since filing for bankruptcy on Oct. ...

UPDATE 1-Dana US operations file for bankruptcy protection Mar 3, 2006
Reuters ...(DCN.N: Quote, Profile, Research) said on Friday that its US operations have filed for bankruptcy protection, succumbing to declining production at large US ...

Dana Files for Bankruptcy After Missing Payment (Update1) Mar 3, 2006
Bloomberg ...filed for bankruptcy protection for its US operations, becoming the fourth major US auto-parts maker to seek protection in the past 13 months as Ford Motor Co. ...

Out of bankruptcy and private, ATA displays air of confidence Mar 1, 2006
Chicago Sun-Times, ...emerged from bankruptcy protection Tuesday, setting their sights on becoming a profitable carrier capable of weathering harsh economic conditions that have ...

Dana Corp. Files for Bankruptcy After Missing Interest Payment Mar 3, 2006
Bloomberg March 3 (Bloomberg) -- Dana Corp., the auto-parts maker that posted a $1.27 billion loss in the third quarter, filed for bankruptcy protection today after ...

Auto Supplier Dana Files for Bankruptcy Protection Mar 3, 2006
New York Times, The Dana Corporation, an auto supplier facing dwindling cash and a federal investigation into its accounting, filed for Chapter 11 bankruptcy protection today ...

UPDATE 4-Dana seeks bankruptcy protection for US operations Mar 3, 2006
Reuters CHICAGO, March 3 (Reuters) - Auto and truck parts maker Dana Corp. (DCN.N: Quote, Profile, Research) filed on Friday for bankruptcy protection, the latest US ...

Dana's Risk For Bankruptcy Seen Increasing Mar 2, 2006
Forbes The sutomotive company's failure to make the interest payment intensifies the risk that Dana (nyse: DCN - news - people ) may file for bankruptcy, said the ...

US CREDIT-Dana higher as bankruptcy fear rises Mar 2, 2006
Reuters ...(DCN.N: Quote, Profile, Research) rose further on Thursday as investors worried a bankruptcy filing by the company was imminent. ...

Stelco bankruptcy protection extended Mar 2, 2006
Reuters Canada, TORONTO (Reuters) - An Ontario court extended bankruptcy protection for Stelco Inc. ... The company hopes to emerge from bankruptcy protection by March 31. ...

Dana seeks bankruptcy protection for US operations Mar 3, 2006
Reuters Canada, By David Bailey. CHICAGO (Reuters) - Auto and truck parts maker Dana Corp. (DCN.N: Quote) filed on Friday for bankruptcy protection, the latest US supplier to ...

Dana US operations file for bankruptcy protection Mar 3, 2006
Reuters ...said on Friday that its US operations have filed for bankruptcy protection, succumbing to declining production at large US customers and high materials costs. ...

Dana seeks bankruptcy protection for US operations Mar 3, 2006
Reuters ...filed on Friday for bankruptcy protection, the latest US supplier to succumb to declining production at large US customers and high materials costs. ...

Dana becomes the latest auto supplier to file for bankruptcy Mar 3, 2006
Detroit Free Press, Dana Corp., an auto supplier of axles and drive shafts, filed for bankruptcy Friday as a result of falling revenues and decreasing market share from US ...

Dana seeks bankruptcy protection for US operations Mar 3, 2006
Reuters By David Bailey. CHICAGO (Reuters) - Auto and truck parts maker Dana Corp. (DCN.N: Quote, Profile, Research) filed on Friday for bankruptcy protection, the ...

Auto-parts supplier Dana files for bankruptcy protection Mar 3, 2006
MSN Money TOLEDO, Ohio (AP) - Dana Corporation -- the auto parts maker -- has filed for bankruptcy protection -- the latest in the industry to do so. ...

Stelco wins bankruptcy extension Mar 2, 2006
CBC News, ...has won court approval to extend its bankruptcy protection to March 31 after the steelmaker promised to complete the major part of its restructuring work by St ...

Stelco bankruptcy extended to March 31 Mar 2, 2006
Toronto Star, A judge extended Stelco Inc.'s (TSX: STE.A) bankruptcy protection from March 3 to March 31 on Thursday after the steelmaker promised to have the major part of ...

Study Reports New Bankruptcy Law Not Having Desired Effect Feb 28, 2006
International News Service, A new federal bankruptcy law has not cut the number of bankruptcy cases, according to a study by lawyers and credit counselors. ...

THE COLOR OF MONEY: Bankruptcy's not just for the deadbeats Mar 1, 2006
Richmond Times Dispatch, WASHINGTON In what will undoubtedly be the first of many "I told you so" reports, the National Association of Consumer Bankruptcy Attorneys has found that ...

Dana declares bankruptcy Mar 4, 2006
Toledo Blade, Unable to get more credit and fend off mounting debts, Toledo’s Dana Corp. yesterday filed for bankruptcy protection, vowing to continue operating. ...

Bankruptcy Law Isn't Working, Survey of Lawyers Finds Mar 2, 2006
International News Service, Last year's overhaul of the nation's bankruptcy code has done little to prevent people from skipping out on debts while burdening others who seek bankruptcy ...

Cornell Trading in bankruptcy limbo Mar 2, 2006
BurlingtonFreePress.com, By Dan McLean. One day after Cornell Trading Inc.'s April Cornell retail stores closed across the country, the company remained in bankruptcy limbo. ...

Bankruptcy credit counseling gets mixed reviews Mar 3, 2006
Bankrate.com Reviews have been mixed for the credit counseling sessions required under the new bankruptcy law that took effect in the fall of 2005. ...

Bankruptcy filing won't affect local Dana plant Mar 3, 2006
News Journal, ...plant after the company announced it and 40 of its subsidiaries filed voluntary petitions Friday for reorganization under Chapter 11 of the US Bankruptcy Code. ...

Auto supplier Dana Corp. files for bankruptcy protection Mar 3, 2006
DetNews.com, TOLEDO, Ohio -- Dana Corp., hurt by a slump in output at Detroit automakers and falling sales and prices, filed for bankruptcy protection today, joining a ...

BANKRUPTCY FRAUD RARE Mar 1, 2006
Free Market News Network, The vast majority of individuals filing for bankruptcy are truly unable to pay their bills and aren’t abusing the bankruptcy code, a study by the National ...

Dana files for bankruptcy; no plans to close city plant Mar 4, 2006
Fort Wayne Journal Gazette, ...may have as much as $3.2 billion more in assets than it does liabilities, but it filed bankruptcy protection Friday to temporarily ward off creditors and ...

Dana Corp. files for bankruptcy protection Mar 3, 2006
Toledo Blade, Hampered with declining revenues and reduced cash, Toledo’s Dana Corp. today filed for bankruptcy protection in US Bankruptcy Court in New York. ...

What's next?: Some frequently asked questions about Dana's ... Mar 3, 2006
Henderson Gleaner, By Gleaner staff. Auto parts maker Dana Corp. filed for Chapter 11 bankruptcy protection for its US operations on Friday. In light ...

Dana Corp. files for bankruptcy protection Mar 3, 2006
Winston-Salem Journal, Dana Corp., a maker of auto parts, filed for bankruptcy protection for its US operations yesterday, joining a growing list of suppliers forced to make major ...

Auto parts firm Dana Corp files for bankruptcy Mar 3, 2006
TODAYonline, ...filed for bankruptcy protection. ... Dana's European, South American, Asia-Pacific, Canadian and Mexican subsidiaries are not included in the bankruptcy filing. ...

Dana files Chapter 11 bankruptcy Mar 3, 2006
Henderson Gleaner, Within hours of voluntarily filing for Chapter 11 bankruptcy reorganization, reeling auto parts maker Dana Corp. offered assurances ...

Auto parts firm files for bankruptcy Mar 3, 2006
Gulf Times, CHICAGO: The struggling US auto sector claimed another victim yesterday as parts maker Dana Corp filed for bankruptcy protection. ...

Dana Corp. files for bankruptcy Mar 4, 2006
Orangeburg Times Democrat, Auto parts maker Dana Corp., which operates a 125-employee plant in the Orangeburg County/City Industrial Park, filed for bankruptcy protection for its US ...

Dana seeks Chapter 11 bankruptcy protection Mar 3, 2006
New Ratings NEW YORK, March 3 (newratings.com) – Auto parts supplier Dana Corp (DCN.NYS) Friday filed for Chapter 11 bankruptcy protection for its US operations. ...

MSPs compromise on bankruptcy law Mar 1, 2006
ic Scotland.co.uk, MSPs drew back from a clash with an Executive minister over the reform of bankruptcy law in Scotland. Parliamentary business minister ...

Dana files for bankruptcy protection Mar 3, 2006
Fort Wayne Journal Gazette, TOLEDO, Ohio — Auto parts maker Dana Corp., which employs 1,240 people in northeast Indiana, filed for bankruptcy protection for its US operations on Friday ...

Parts maker Dana files bankruptcy Mar 4, 2006
Louisville Courier-Journal, ...parts maker Dana Corp., Kentucky's third-largest automotive employer with more than 4,600 workers at a dozen operations, filed for bankruptcy protection for ...

Parts maker Dana files bankruptcy Mar 3, 2006
St. Louis Post-Dispatch, ...filed Friday for bankruptcy protection for its US operations, joining a growing list of suppliers forced to restructure because of the slumping US auto industry ...

Dana Corp. files for bankruptcy protection Mar 3, 2006
Southeast Missourian, Auto-parts maker Dana Corp. -- which operates a facility in Cape Girardeau -- filed for bankruptcy protection for its US operations on Friday, joining a ...

Dana files for bankruptcy Mar 4, 2006
Oakland Press, Dana Corp., once considered one of the richest and best managed companies supplying American carmakers, has filed for bankruptcy in a spectacular failure that ...

Dana: Bankruptcy won't affect local operations Mar 4, 2006
MLive.com, By Jane C. Parikh. A bankruptcy filing by automotive supplier Dana Corp. should have no direct impact on Dana's Commercial Vehicle ...

Dana bankruptcy rumors snowball Mar 3, 2006
Automotive News Bankruptcy speculation encircled troubled auto supplier Dana Corp. early Friday after the company's stock price on Thursday hit ...

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