Blog Posts in March, 2009
Posted on Mar 30, 2009
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 ...
Posted on Mar 20, 2009
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 ...
Posted on Mar 9, 2009
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 ...