bankruptcy

  • bankruptcy, Countrywide

    Countrywide Bankruptcy Watch: Clock Still Ticking

    Countrywide Financial Corp says it still isn’t bankrupt! The largest U.S. mortgage issued an announcement to deny rumors that it was on the verge of filing for bankruptcy. “There is no substance to the rumor that Countrywide is planning to file for bankruptcy, and we are not aware of any basis for the rumor that […]

    / Jan 8, 2008 at 2:10 PM
  • bankruptcy, rumors

    Investment Bank Bankruptcy?
    The Hunt Is On For Bankruptcy Candidates

    Talk continues on Wall Street about the rumors that spread in the early hours this morning that a major US investment bank had or was about to file for Chapter 11 bankruptcy protection. “We’ve heard vague talk a US investment bank is in trouble,” a source tells Thomson Financial, which first reported the story. While […]

    / Aug 21, 2007 at 12:11 PM
  • bankruptcy, Companies, Vonage

    Vonage: Okay, Yeah, We Might Be Toast

    Vonage warned yesterday that it’s troubles with Verizon have it teetering on the edge of bankruptcy, more or less prompting everyone in the world who doesn’t own stock in the company to say “we told you so.” Even as Vonage went public last year, skeptical observers and short sellers have been tearing into the company’s […]

    / Apr 19, 2007 at 2:32 PM
  • bankruptcy, New Century, real estate

    Early Reactions To The End of the Century

    As we reported this morning, one time mortgage king New Century has tumbled all the way down into bankruptcy. It will now be up to the courts, the creditors and the management to see if they can put this shattered egg-shell of subprime loans back together again. Some quick reactions from around the blogs: DealBook […]

    / Apr 2, 2007 at 2:46 PM
  • bankruptcy

    Breaking: New Century Files For Bankruptcy Protection

    As expected, New Century Financial Corp. has gone Chapter 11. Earlier today New Century said it said it will immediately cut 3,200 jobs, sell its loan servicing assets, and it is taking on 150 million of debtor-in-possession financing from CIT Group and Greenwich Capital Financial Products. We will update as details and reactions emerge. New […]

    / Apr 2, 2007 at 11:44 AM
  • Airlines, bankruptcy, M&A, US Airways

    Deal of the Day: Uncovering Hidden Delta-US Air Synergies

    We’ve been running through our financial models here in DealBreaker HQ. Okay. Not really. We’ve been doodling on cocktail napkins at Harry’s while we enjoy our liquid lunch. But we’ve none the less managed to uncover one potentially valuable and unreported synergy in the Delta-US Airways merger. The two airlines have three recent bankruptcies between […]

    / Nov 15, 2006 at 2:03 PM

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