Bankruptcy
Topics also related to Bankruptcy Sections:
Ally deal draws limited objections from ResCap creditors
June 19 - Ally Financial Inc's proposed $2.1 billion agreement reached last month with creditors of its bankrupt Residential Capital LLC subsidiary cleared a key court deadline with only one vigorous objection, though several warning shots were fired.
Spain's La Caixa puts off big property portfolio sale -sources
MADRID, June 19 - Spain's La Caixa has postponed the planned sale of a portfolio of 12,000 homes, two sources familiar with the deal said, in a sign Spanish banks are still reluctant to cut prices on property assets even after big writedowns.
Bank Austria, Erste have Alpine provisions
VIENNA, June 19 - UniCredit unit Bank Austria and Erste Group Bank have already built provisions for debt problems at construction group Alpine, but it was too early to say what hit they might ultimately take, the lenders said on Wednesday.
Insolvent Alpine proposes 20 pct payout quota -KSV
VIENNA, June 19 - Alpine Bau, the insolvent core Austrian operating unit of Spanish group FCC, is proposing a payout quota of 20 percent within two years, creditor agency KSV said on Wednesday.
KSV estimates Alpine liabilities up to 2.6 bln eur
VIENNA, June 19 - Alpine Bau, the insolvent Austrian construction unit of Spanish group FCC, has liabilities of up to 2.6 billion euros ($3.5 billion), Austrian creditor agency KSV said on Wednesday.
UPDATE 2-Austria's Alpine Bau goes bust, Spain's FCC takes hit
* FCC shares fall 5.9 pct (Combines stories, adds work council head, market reaction)
Porr says in talks to buy parts of FCC's Alpine Bau
VIENNA, June 19 - Austrian construction firm Porr said on Wednesday it was in talks to buy parts of FCC unit Alpine Bau, which has filed for insolvency.
FCC's Alpine Bau files for insolvency
VIENNA, June 19 - Alpine Bau GmbH, the main Austrian construction unit of Spanish group FCC, has filed for insolvency, a spokesman for parent group Alpine Holding said.
New York state announces plan for board to help cash-strapped cities
NEW YORK, June 18 - New York state lawmakers on Tuesday announced plans to create a financial restructuring board and binding arbitration process to help struggling municipalities manage their finances.
Kodak prepares $406 mln offering as it eyes bankruptcy exit
June 18 - Eastman Kodak Co on Tuesday said it will seek court approval for a $406 million rights offering that could give creditors a big equity stake in the company after it emerges from Chapter 11 bankruptcy protection.
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