Blog Posts in March, 2009

LA Real Estate Company Files for Chapter 11 Bankruptcy Protection

One of the largest landowners in downtown Los Angeles, Meruelo Maddux Properties, Inc. has filed for Chapter 11 bankruptcy protection. The company cited significant, recurring cash shortfalls because ...

Nortel Fights to Pay Executive Bonuses after filing for Bankruptcy

Nortel Networks Corp., once known as North America's largest telephone-equipment maker, just won approval to pay eight of its senior executives their annual bonuses. According to reports, the company ...

New Bankruptcy Law Aims to Prevent Foreclosures for Struggling Families

A new bill that gives bankruptcy judges the authority to change the terms of a mortgage for struggling homeowners was passed by the U.S. House. The bill could also cut the number of foreclosures by 20 ...