Bad Credit History. Legal news and articles for February 29 - 29, 2012

US water systems face repair needsCOLUMN: American Air pension battle may spreadA Turnaround Specialist Says Bankruptcy Is Becoming Unaffordable for Small ...What They'll Fight About Today in the AMR/American Airlines Bankruptcy CaseBank lending jump bodes well for US economy6 Divorce Survival Strategies For WomenGenOn Reports 2011 Results and Announces Expected Deactivation of Generation UnitsStockton council votes for mediation; city could become biggest in US to go ...Paydayloansolutions.net Explains About Legal Payday Loan Regardless of the ...Stockton could become biggest city to go bankruptAMR Won't Give U.S. Bank More Protection on Aircraft Collateral for LoansStockton Could Become Biggest City to Go BankruptJust How Elitist Are You? Murray's 'How Thick Is Your Bubble' QuizHow the Quest for the Perfect Calendar Accidentally Created February 30Tribune Paid Bankruptcy Advisers $233.3 Million Since Filing in 2008

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AMR Poised to Start Labor Talks With 10000 Job Cuts Possible
BusinessWeekFebruary 1, 2012

s American Airlines is preparing to offer union employees contracts today that probably will eliminate more than 10 percent of jobs and freeze pensions as the third-largest US carrier pares spending in bankruptcy. As many as 15000 jobs may be cut, ...more »

Poverty surge equals crime surge
Philippine StarFebruary 1, 2012

The equation is clear, the observer noted – poverty surge equals crime surge. Despite the global financial crisis that has placed a lot of European countries on the brink of bankruptcy, luxury brands seem to have bounced back from the downturn first ...more »

Bad Credit History. News and Stories

US water systems face repair needs
San Diego Source (subscription)February 29, 2012

By BRIAN CHAPPATTA , Bloomberg News US public-water systems, about 85 percent-owned by municipalities, face credit risks as costs rise from a failure to invest in infrastructure and as demand outpaces supply, Standard & Poor's said.more »

COLUMN: American Air pension battle may spread
ReutersFebruary 29, 2012

He claims that the law saved American Airlines $1 billion -- that has gone straight into its "bankruptcy war chest" -- and that it constitutes 25 percent of the $4 billion in cash on hand at the company. "The pension relief was very important to ...more »

A Turnaround Specialist Says Bankruptcy Is Becoming Unaffordable for Small ...
New York TimesFebruary 29, 2012

That has become much more difficult in recent years, he says, as changes in bankruptcy law have given unsecured creditors more power and made bankruptcy more expensive. These legal changes and increased costs have in turn pushed troubled companies to ...more »

What They'll Fight About Today in the AMR/American Airlines Bankruptcy Case
LoanSafeFebruary 29, 2012

P. 2014 for Authority to Employ and Retain Groom Law Group, Chartered as Special Employee Benefits Counsel Nunc Pro Tunc to the Commencement Date. 2. Application Pursuant to 11 USC § 327(e) and Bankruptcy Rules 2014 and 2016 for Authorization to ...more »

Bank lending jump bodes well for US economy
CBS NewsFebruary 29, 2012

Yet much of those profits are the result of banks reducing the reserves they set aside to offset bad loans. Many institutions are struggling to grow amid low interest rates and new federal caps on credit card and overdraft fees.more »

6 Divorce Survival Strategies For Women
Huffington PostFebruary 29, 2012

The first thing you've got to do is to learn the good, the bad and the ugly of what's been going on with your money -- whether that means there's credit card debt you didn't know existed or that your husband has been gambling with misappropriated ...more »

GenOn Reports 2011 Results and Announces Expected Deactivation of Generation Units
MarketWatch (press release)February 29, 2012

When taken together with availability under existing credit facilities, GenOn's total available liquidity at December 31, 2011 was $2.2 billion. Total debt at December 31, 2011, excluding unamortized debt discounts and adjustments to fair value of debt ...more »

Stockton council votes for mediation; city could become biggest in US to go ...
Greenfield Daily ReporterFebruary 29, 2012

GOSIA WOZNIACKA AP The city of Stockton, California has one of the highest crime and unemployment rates. Officials say it's on the brink of insolvency and could become the nation's largest city to fall into Chapter 9 bankruptcy protection. (Feb.more »

Paydayloansolutions.net Explains About Legal Payday Loan Regardless of the ...
SBWire (press release)February 29, 2012

Major requirement of payday loan is that these loans are often the only option for individuals with poor credit score. If credit score is bad people probably do not use a bank card for fast cash. Quick loans are the solution for people with bad credit...more »

Stockton could become biggest city to go bankrupt
Gettysburg TimesFebruary 29, 2012

The city of Stockton in California's crop-abundant Central Valley has the second-highest foreclosure rate in the nation and one of the highest crime and unemployment rates. It was named America's most miserable city in a national magazine _ twice.more »

AMR Won't Give U.S. Bank More Protection on Aircraft Collateral for Loans
BloombergFebruary 29, 2012

US Bankruptcy Judge Sean Lane in Manhattan today denied requests from US Bank Trust NA and Wilmington Trust Co., saying the company currently had more than enough value to protect both banks' collateral, and that they could come back later if that ...more »

Stockton Could Become Biggest City to Go Bankrupt
ABC NewsFebruary 29, 2012

City leaders seeking a way to dig out from under massive debts have taken a step toward making Stockton the nation's largest city to file for bankruptcy. However, thanks to a new California law, the City Council's move also could be the first step ...more »

Just How Elitist Are You? Murray's 'How Thick Is Your Bubble' Quiz
Huffington PostFebruary 29, 2012

I'm sitting in my home office looking out at the homes of two lawyers and one esteemed budget analyst. My bubble starts out a bit thick here, I'm afraid. 2. Did you grow up in a family in which the chief breadwinner was not in a managerial job or a ...more »

How the Quest for the Perfect Calendar Accidentally Created February 30
io9February 29, 2012

Adding twelve of these alternating months together gives a year of 354 days, which isn't a bad approximation of the length of a year, all things considered. Most early calendars prioritized the cycles of the Moon over the length of the year, ...more »

Tribune Paid Bankruptcy Advisers $233.3 Million Since Filing in 2008
BloombergFebruary 29, 2012

(TRB), the biggest news media company in bankruptcy, paid lawyers and other advisers $233.3 million since filing for court protection from creditors in December 2008. The two main law firms in the case collected almost half of all the money spent to ...more »

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