Bankruptcy // Current TV

Bennigan's Restautants Closing

Restaurant chains Bennigan's and Steak & Ale have filed for Chapter 7... more

ebindelglass
added this
3 years ago
|
1 comment

Bennigan's Closed After Filing For Bankruptcy

Steak & Ale, Bennigan's Grill & Tavern, and Tavern restaurants have filed... more

TylerW
added this
3 years ago
|
10 comments

FDIC takes over 2 more banks, closing 28 branches

"CARSON CITY, Nev. (AP) — The 28 branches of 1st National Bank of Nevada... more

merckrx
added this
3 years ago
|
1 comment

GM may become bankrupt

General Motors Corp will need to raise as much as $15 billion in cash to shore up... more

TravG73
added this
3 years ago
|
0 comments

GM bankruptcy possible

Shares of GM fell more than 4 percent to $11.25 in early trading on the New York Stock... more

urlspotter
added this
3 years ago
|
0 comments

For the first time in American History: War financed by a loan

As Congress tackles the latest "emergency" spending bill for Iraq and... more

heatX
added this
3 years ago
|
0 comments

Gas Rising, Station Owners Barrel Toward Bankruptcy

Stiff fuel prices are not pouring cash into the pockets of California gas station... more

heatX
added this
3 years ago
|
0 comments

Proof that FEMA is an extermination agency

Very eerie video that makes you wonder! Also check out this video showing one of... more

heatX
added this
3 years ago
|
1 comment

US 'could be going bankrupt'

History is repeating itself!

heatX
added this
3 years ago
|
3 comments

"When I started shooting bankrupt offices ...

"... I found it to be more archeology than photography. Everywhere I went I... more

mischabarrett
added this
4 years ago
|
0 comments

International jazz institution goes bankrupt

The amazing association is now bankrupt and dissolving. Sad to see it go. What will take its place?

From a letter to members of the International Association of Jazz Education:
Dear IAJE Family,
It is with a great sense of loss that I inform you that despite drastic efforts to cut expenses and raise emergency funds, the IAJE Board has voted to file for bankruptcy under Chapter 7 of the Federal Bankruptcy Law. I want to thank profusely those who responded with their generous donations and offers of assistance following my last communication. While over 250 individuals contributed just over $12,000, this, along with the many other efforts and contributions of IAJE staff, Board members, and association partners, was simply not enough to address the accumulated debt of the organization or its urgent need for cash relief.
[...]

Today, we, the members of IAJE and the global jazz community, face an extremely important task. For, as we all recognize, the opportunities, impact, and work of this association are too vital to simply disappear. Whether you were first drawn to IAJE for its conference, its magazine or research publications, its student scholarship programs such as Sisters in Jazz or the Clifford Brown/Stan Getz All-Stars, its Teacher Training Institutes, the resources provided through its website or Resource Team, or any one of a number of other offerings; it is clear the mission of IAJE still resonates and its advocacy is needed today more than ever. We must, therefore, look at this as an opportunity to refocus the mission, scope, programs, and vision of IAJE (or whatever succeeds it) to better meet the needs of our members and the jazz community not only today but looking toward the future.
[...]

Already there are efforts to do just that. I know that Mary Jo Papich, who would have begun serving her term as President of IAJE beginning this July, is dedicated to recreating such an association. As many know, Mary Jo has been a tireless advocate for IAJE, serving it long and well. You will, undoubtedly, be hearing from her in the near future. When she does contact you, I urge you to join me in offering her every support and assistance. Of course, others may also seek to fill this void by promoting alternative visions for empowering, serving, and gathering the jazz community. While I generally believe such diversity is quite healthy, I would strongly encourage all such efforts and leaders to attempt to collaborate and seek ways to unite us in spirit and strength.

Finally, I would encourage you to recognize and remember IAJE for all the tremendous good it has done in the past 40 years. Many individuals have contributed along the way, often at considerable personal sacrifice of their time and resources, to establish and advance the work of this association. Much has been achieved that can never be taken away! Therefore, the vision, effort, and shared passion that have fueled the growth of IAJE and its programs should not be forgotten or considered in vain. Rather, the spirit that is IAJE must be rekindled into a new vision for the future.

Sincerely,

The IAJE Board - Chuck Owen, PresidentThe amazing association is now bankrupt and dissolving. Sad to see it go. What will... more

aschneider
added this
4 years ago
|
0 comments

Frontier Airlines flies a one way trip to bankruptcy

Last month Frontier sold four of its planes to cut costs, but that wasn't enough... more

woodywoodbeck
added this
4 years ago
|
0 comments

Waste! Fraud! Abuse! Bush and Cheney go on wild spending spree with taxpayers' checkbook

Excerpt: "A trillion dollars here, a trillion dollars there, and soon you’re talking real money.
But when it comes to reporting on what the Bush war legacy has cost American taxpayers, the media have been shockingly indifferent to the highest run-up in military spending since World War II. Even the devastating defense spending audit released Monday by the Government Accountability Office documenting the enormous waste in every single U.S. advanced weapons system failed to provoke the outrage it, and five equally scathing previous annual audits, deserved."

Hmmm. That sounds kind of dry and technical to me. I prefer to think of it this way:

How would feel if someone stole your debit card and your checkbook?

Now imagine that the bank allowed the thieves to overdraw your account while on a wild spending spree! They bought a few dozen iPhones, a couple Playstation 3's and bought a big screen plasma TV and overdrew your account -- but the bank didn't put a freeze on your account. It just kept allowing each new debit card purchase to go through, kept putting you further into overdraft and kept racking up more overdraft fees. And let's say these thieves were allowed to do this for about 8 years. Suddenly, before you know it, you're getting a bank statement indicating that you're now $2 trillion in debt.

Those thieves that stole your debit card and checkbook? Bush & Cheney.

Only they didn't really "steal" it exactly. They didn't need to. See, when they got elected they kind of/sort of were empowered to take loans out using our name. We being the American citizens and taxpayers. Think of it as being turned into an involuntary co-signer for someone with a compulsive spending problem. It's going to ruin your credit and bankrupt you, but there isn't much you can do about it. Only it's not just Bush and Cheney that get to use your debit card any way they want -- basically everyone in Congress can use it to. They pass that old taxpayer debit card around like a bong at a frat party. Everyone gets to take a hit.

One day you wake up, check your statement and notice that someone went out and put $81 BILLION on your card. You check the fine print and see that it was for a submarine -- to fight Al-Qaidas Navy! Had it been real-live x-ray specs ordered off the back of a comic book it couldn't be a more ridiculous purchase. But there's nothing you can do about it (until re-election time anyway). If that jackhole Sen. Joseph Lieberman wants to use your card to buy a fracking submarine to battle the dirt poor DESERT DWELLING insurgents in Iraq, well, there's not much you can do to stop him.

And WE get to pay the bill.

Bush doesn't have any money. He spent it all buying that real-life flight suit he wore for his speech. Oh! And buying that baseball team. But we are the co-signer to all the purchases he made on our joint US debit card and thus we are responsible. Oh look! There's Bush right now -- stuffing another collection notice from China into the drawer of his Oval Office desk. He sees us! He's grinning and shrugging his shoulders. Awww. Look at that face! How can you stay mad at the guy? He's just a harmless scamp with a compulsive spending problem.

Quick question: Is any of this debt dischargable? If we were lied into a "war" and we didn't really "approve" of any of these charges on our card -- can the World Bank or someone take them off? Could we declare bankruptcy as a nation and get a fresh start as we sometimes allow other (ahem) 3rd world nation to do?
Excerpt: "A trillion dollars here, a trillion dollars there, and soon... more