by Paula Greenway | Oct 2, 2010 | Celebrity Bankruptcy Filings
Malcom Bell, the 45-year-old Illinois hedge fund manager who helped facilitate the recent Petters Co. Inc. fraud scheme, has been sentenced this week in federal court to six years in prison.Bell owned a fund called Lancelot Investment Management, which invested all of...
by Paula Greenway | Sep 25, 2010 | Chapter 11 Bankruptcy
Blockbuster, the movie-rental company giant, has filed for Chapter 11 bankruptcy. The move allows the company to secure $125 million in debtor-in-possession financing to help keep operations stable while the reorganization takes place.In the Thursday announcement...
by Paula Greenway | Sep 18, 2010 | Alabama Bankruptcy, Birmingham Bankruptcy, Greenway Bankruptcy Law, Personal Bankruptcy
Alabama’s unemployment rate dropped to 9.2 percent in August, from 9.7 percent in July. This is the first time that Alabama’s rate has fallen below the national average — 9.6 percent — in more than a year.The Birmingham-Hoover metro area’s rate fell by a smaller...
by Paula Greenway | Sep 9, 2010 | Bankruptcy Filing, Greenway Bankruptcy Law, Personal Bankruptcy
The U.S. Federal Reserve’s latest Beige Book survey, released Wednesday, suggests that the economies of most states have expanded “modestly” in the past six weeks. The information in the Beige Book is anecdotal rather than statistical, and is collected from a sample...
by Paula Greenway | Aug 24, 2010 | Bankruptcy Filing, Greenway Bankruptcy Law, Personal Bankruptcy
According to government data released last Wednesday, bankruptcy filings between April and June of 2010 reached the highest levels seen in the last five years. The number of filings represents an increase of 11 percent from the same time period in 2009.422,061 filings...
