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Bankruptcy News
Lehman emerges from 3-1/2 year bankruptcy By Caroline Humer REUTERS - One-time financial powerhouse Lehman Brothers emerged from bankruptcy on Tuesday and is now a liquidating company whose main business in the coming years will be paying back its creditors and investors. Lehman, whose September 2008 collapse is often regarded as the height of the financial crisis, will start distributing what it expects to be a total of about $65 billion
Lehman out of bankruptcy
Lehman Brothers Holdings formally emerged from its record $639-billion bankruptcy on Tuesday and said it would start paying back creditors on April 17.
Lehman to emerge out of bankruptcy and wind down
Lehman Brothers, the investment bank that failed at the depths of the financial crisis, says it will sell the last of its assets starting in April.
Judge clears way for record bankruptcy in Alabama
A judge has cleared the way for an Alabama county to move forward with the largest municipal bankruptcy in U.S. history, overruling Wall Street claims that state law didn't allow the county to
Clarification: Washington Mutual-Bankruptcy story
In a story about a bankruptcy judge approving Washington Mutual Inc.'s reorganization plan, The Associated Press reported that, following court-ordered mediation, certain hedge funds involved in
Kodak sells online business to Shutterfly, patent sale still pending
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