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IMPORTANT: Bing News RSS feed has moved!Read the Daily Bankruptcy Review article here. Car-battery manufacturer EnerDel Inc.’s parent company got the green light to start borrowing on a $20 million bankruptcy loan executives said will power the struggling company through its financial restructuring. Read moreThe Daily Docket: Hostess Can Borrow All of Its LoanMetro Car Wash has filed for Chapter 11 bankruptcy protection. In court filings ... The plan is to reamortize some loans to increase our cash flow month-to-month. We’re not trying to give anybody a haircut.” Another location, at 5150 E. Read moreOne Metro Car Wash location in Tucson files Chapter 11WASHINGTON — The parent company of an electric car battery maker that received ... a Massachusetts energy-storage firm, declared bankruptcy last year. Solyndra received a $528 million federal loan, while Beacon Power got a $43 million loan ... Read moreParent of Obama-backed battery maker goes bankruptHowever, the standard to eliminate student loans is very high and generally not possible. Secured debt: If you buy a vehicle, valuable jewelry or merchandise and then file bankruptcy, you will either have to surrender the item or continue to pay the lender. Read moreDebts that can't be wiped out in bankruptcyJan. 27 (Bloomberg) -- Ener1 Inc., a maker of lithium-ion car batteries that filed for bankruptcy yesterday, won interim court approval to borrow $13.5 million to finance operations during its reorganization. The company had sought permission to ... Read moreEner1 Wins Approval of $13.5 Million Bankruptcy FinancingFlint Murfitt, an attorney with the Montana Legal Services Association, said a person buying a car at a local dealership ... Another option is bankruptcy. Chapter 13 bankruptcy creates a restructuring of debt and a new payment plan to creditors lasting ... Read moreAverting foreclosuresaid the GM bankruptcy did not effect business as much as the banks did. "Car sales did plunge, but it was the banks that failed," Ford said. "They wouldn't give loans to cumstomers." Now that customers were better able to get loans, he said ... Read morePositive change in the auto industryIt was only a matter of time before American Airlines entered Chapter 11 bankruptcy. AMR Corp ... both in the United States and Europe. As with auto manufacturing, air transport is highly unionized and workers have been long used to generous ... Read moreWhat to Expect of the American Airlines BankruptcyRead moreFor additional information, please see:
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