http://transworldnews.com TransWorldNews Bringing Your News to the World Copyright TransWorldNews, Inc. RSSEngine 1.0.0.3 Wed, 22 May 2013 09:49:32 GMT 15 http://transworldnews.com/images/twn_logo.gif http://transworldnews.com Washington, D.C. - Gift cards are popular gifts, especially during the holiday season. Under current laws, companies that go bankrupt are not required to honor the cards, but Senator Richard Blumenthal (D.Conn.) wants that to change. http://transworldnews.com/NewsStory.aspx?storyid=1214425 http://transworldnews.com/NewsStory.aspx?storyid=1214425 Wed, 28 Nov 2012 19:49:90 GMT New York, NY- Upon the urging of a miners union, a New York U.S. Bankruptcy Court Judge has moved the proceedings for Patriot coal to St. Louis, Missouri. http://transworldnews.com/NewsStory.aspx?storyid=1213583 http://transworldnews.com/NewsStory.aspx?storyid=1213583 Tue, 27 Nov 2012 21:30:00 GMT New York, NY-Fashion Week is in full swing and designer Betsey Johnson is celebrating in style for her birthday and her fashion lines emergence from Chapter 11 bankruptcy. http://transworldnews.com/NewsStory.aspx?storyid=1156734 http://transworldnews.com/NewsStory.aspx?storyid=1156734 Thu, 13 Sep 2012 20:52:75 GMT Seattle, WA- Singer John Mayer is no stranger to controversy but usually the focus is on his love life, but now he has been named in a bankruptcy lawsuit tied to a Ponzi scheme which landed the ring leader, Frederick Darren Berg in prison for 18 ... http://transworldnews.com/NewsStory.aspx?storyid=1155953 http://transworldnews.com/NewsStory.aspx?storyid=1155953 Wed, 12 Sep 2012 20:56:46 GMT Wilmington, DE- Digital Domain Inc., the special effects company founded by director James Cameron filed for Chapter 11 bankruptcy protection Monday. http://transworldnews.com/NewsStory.aspx?storyid=1154908 http://transworldnews.com/NewsStory.aspx?storyid=1154908 Tue, 11 Sep 2012 21:05:37 GMT New York, NY- Kodak announced they will shuffling around executives and plan to let 1,000 employees go in an effort to emerge from Chapter 11 bankruptcy. http://transworldnews.com/NewsStory.aspx?storyid=1153350 http://transworldnews.com/NewsStory.aspx?storyid=1153350 Mon, 10 Sep 2012 20:28:59 GMT Dallas, TX- In a rare move, the pilots union filed an appeal, seeking to overturn the bankruptcy judges decision to deny American Airlines overhaul of their labor contract. Pilots wanted to come to a consensual agreement. http://transworldnews.com/NewsStory.aspx?storyid=1140831 http://transworldnews.com/NewsStory.aspx?storyid=1140831 Fri, 31 Aug 2012 18:59:80 GMT Schenectady, NY- Contec Holdings Ltd., a cable-box repair company which is owned by Bain Capital, filed for Chapter 11 reorganization Thursday, according to Reuters. http://transworldnews.com/NewsStory.aspx?storyid=1140246 http://transworldnews.com/NewsStory.aspx?storyid=1140246 Thu, 30 Aug 2012 20:56:94 GMT Los Angeles, CA- The distribution unit of Inferno Films, which produced Brad Pitts latest film Killing them Softly, filed for Chapter 11 bankruptcy http://transworldnews.com/NewsStory.aspx?storyid=1140064 http://transworldnews.com/NewsStory.aspx?storyid=1140064 Wed, 29 Aug 2012 21:04:42 GMT Wilmington, DE Two private equity firms, who own Solyndra, the failed solar firm that got billions in federal loan guarantees, may benefit from the companies collapse in the form of tax breaks. http://transworldnews.com/NewsStory.aspx?storyid=1139417 http://transworldnews.com/NewsStory.aspx?storyid=1139417 Tue, 28 Aug 2012 18:49:32 GMT Atlanta, GA- Last week news broke that the nations oldest African-American college, Morris Brown was facing foreclosure and an asset auction. In an effort to keep the historical college from closing and retain their campus the administration has ... http://transworldnews.com/NewsStory.aspx?storyid=1137749 http://transworldnews.com/NewsStory.aspx?storyid=1137749 Mon, 27 Aug 2012 21:21:75 GMT Wichita, KS- On Friday, a bankruptcy judge denied a proposal that would award 8 executives $5.8 million in bonus while the company reorganizes their debts. http://transworldnews.com/NewsStory.aspx?storyid=1136317 http://transworldnews.com/NewsStory.aspx?storyid=1136317 Fri, 24 Aug 2012 18:22:22 GMT Mammoth Lakes, CA- Mammoth Lakes, one the three California cities to declare bankruptcy in the past two months has reached a settlement with creditors. http://transworldnews.com/NewsStory.aspx?storyid=1136031 http://transworldnews.com/NewsStory.aspx?storyid=1136031 Thu, 23 Aug 2012 20:17:81 GMT Irving, TX- Hostess Brands Inc. has sent a letter to members of the companys largest union, asking them to consider a new contract, which calls for wage and commission cuts, and would allow the company to emerge from Chapter 11 bankruptcy. http://transworldnews.com/NewsStory.aspx?storyid=1134500 http://transworldnews.com/NewsStory.aspx?storyid=1134500 Wed, 22 Aug 2012 20:01:14 GMT Atlanta, GA- After Evander Holyfield lost his 54,000 sq. foot home to foreclosure, he was in dire financial straits. Now a federal bankruptcy court is forcing the five-time heavyweight champion to sell off some of his prized memorabilia in order ... http://transworldnews.com/NewsStory.aspx?storyid=1134228 http://transworldnews.com/NewsStory.aspx?storyid=1134228 Tue, 21 Aug 2012 19:09:75 GMT Boise, ID- Idaho state Representative Phil Hart recently declared bankruptcy, owing over half a million dollars in federal taxes, but the plan recently submitted to the U.S. Bankruptcy Court was rejected because federal prosecutors said it was ... http://transworldnews.com/NewsStory.aspx?storyid=1130607 http://transworldnews.com/NewsStory.aspx?storyid=1130607 Wed, 15 Aug 2012 18:39:97 GMT Las Vegas, NV- A fixture on the Las Vegas strip, Jerrys Nugget, has filed for Chapter 11 bankruptcy after talks with creditors failed. http://transworldnews.com/NewsStory.aspx?storyid=1130216 http://transworldnews.com/NewsStory.aspx?storyid=1130216 Tue, 14 Aug 2012 20:28:76 GMT New York, NY- Medical costs in the U.S. are skyrocketing and there is no relief in sight. Though President Obamas signature policy, the Affordable Care Act was meant to address the exorbitant costs of medical care it may be years before it makes ... http://transworldnews.com/NewsStory.aspx?storyid=1129086 http://transworldnews.com/NewsStory.aspx?storyid=1129086 Mon, 13 Aug 2012 20:21:68 GMT Washington, D.C. - In 1775, the Continental Congress established the post office naming beloved Founding Father Benjamin Franklin as the first Postmaster. Now, over two centuries later the U.S. Postal Service is facing financial collapse. http://transworldnews.com/NewsStory.aspx?storyid=1127389 http://transworldnews.com/NewsStory.aspx?storyid=1127389 Fri, 10 Aug 2012 20:16:00 GMT Stockton, CA- Just days after Stockton became the third California city to declare bankruptcy; they are facing a challenge from bond insurer MBIA Inc. http://transworldnews.com/NewsStory.aspx?storyid=1126009 http://transworldnews.com/NewsStory.aspx?storyid=1126009 Thu, 09 Aug 2012 20:12:44 GMT