Posts Tagged ‘and’
OETA Story on American Airlines Chapter 11 impact in Oklahoma aired on 12/09/2011
This story aired on the ONR on OETA-The Oklahoma Network. The reporter is Cathy Tatom; photojournalist is Edwin Wilson. For more information, go to the ONR web site www.news.oeta.tv and ONR blog http://blog.oeta.tv/onr For more about OETA-The Oklahoma Network, visit www.oeta.tv
Duration : 0:8:23
American Airlines Parent AMR Files for Bankruptcy
Nov. 29 (Bloomberg) — American Airlines parent AMR Corp. filed for bankruptcy after failing to secure cost-cutting labor agreements and sitting out a round of mergers that dropped it from the world’s largest airline to No. 3 in the U.S.
With the filing, American became the final large U.S. full-fare airline to seek court protection from creditors. Chairman Gerard Arpey will retire and be replaced by Thomas Horton, AMR said. Shannon Pettypiece reports on Bloomberg Television’s "InsideTrack." (Source: Bloomberg)
Duration : 0:2:16
Michael Moore on GM Bankruptcy: “We Own a Car Company”
“We need to protect our industrial infrastructure, as I’ve said many times before, so that we are using these factories to built the things that we need — bullet trains, light rail, alternative energy, cleaner buses — things that society needs in the 21st century. … We have to kill GM in order to save it. … They’ve planned their own obsolescence by helping to destroy the middle class …” — Michael Moore on Countdown with Keith Olbermann, Monday, June 1st, 2009
Duration : 0:6:30
Documents Needed for Preparing Your Bankruptcy
I’m Dave Kelly. I’m a lawyer practicing in the Minneapolis, Minnesota area. It seems I am spending an increasing percentage of my time preparing and filing bankruptcies. The biggest part of the project is usually preparing the petition.
Plan on at least three sessions in my office of about an hour and a half duration. There should be a more efficient way of doing it, but I haven’t found it. It seems to me that if you don’t take the proper time, there’s a lot more risk.
The petition is a document that runs about 45 pages and contains about a thousand questions, all of which must be answered carefully and truthfully. The rule here is to make full disclosure. When you sign this document, it is under penalty of perjury. I have never been comfortable doing it any other way than going through the whole thing line by line. I have top-of-the-line software for preparing the petition. This is necessary because some of the forms contain complicated calculations based on U.S. Census data or IRS data. What I do with my clients is sit down with the computer monitor turned where they can see it and start going through the questions one at at time.
The list of what I may ask you to bring to me can vary quite a bit from case to case. Typically, however, I will be asking you to bring me at least the following:
Pay check stubs for all employment income during the past seven months.
Your state, federal and property tax returns for the past two calendar years.
Statements for all of your bank accounts for the past seven months.
Recent statements for your mortgages, home equity loans and automobile loans.
A list of all your debts along with a stack of your most recently received bills for each one.
A copy of the deed to your home and copies of deeds to any other real estate you may own.
Paperwork on any legal action which is currently pending or which ended in the past two years.
A credit counseling certificate from a qualified agency. Here is a link to the court’s list of qualified providers.
A recent credit report for yourself. The best place to get such a report is http://www.annualcreditreport.com.
This video is for general information purposes only and is not intended to be legal advice. Use of these materials does not create an attorney-client relationship. I recommend that you consult the attorney of your choice concerning the details of your cae.
David J. Kelly, Attorney
Kelly Law Office
A Debt Relief Agency under the Federal Bankruptcy Code
10709 Wayzata Blvd. #205
Minnetonka, MN 55305
952-544-6356
dave@kelly-law.com
http://www.mn-bankruptcy.com
Kelly Law Office represents bankruptcy clients throughout the Twin Cities – Minneapolis, Minnesota area including Bloomington, Edina, Minnetonka, Eden Prairie, St. Louis Park, Wayzata, Plymouth, Maple Grove, Brooklyn Park, St. Paul, Anoka, Shakopee, Hastings, Eagan, Burnsville, Buffalo, Hennepin County, Anoka County, Carver County, Scott County, Ramsey County, Dakota County, and Wright County.
Duration : 0:4:32
Lehman Brothers collapse. Sep. 15, 2008. Stock Market Reactions
Sep 15, 2008.
The venerable Lehman Brothers investment bank said early Monday that it will file for bankruptcy, while Bank of America unveiled plans to buy Merrill Lynch — two pieces of news that profoundly alter the American financial landscape.
The fast-paced changes capped a roller-coaster Wall Street weekend and threatened to stir up U.S. financial markets already reeling from woes at other major financial firms and mortgage financing titans Fannie Mae and Freddie Mac.
“This crisis is clearly deeper than anybody had imagined only a short time ago,” Peter Stein, an associate editor at The Wall Street Journal in Asia, told CNN.
Lehman Brothers said in a statement early Monday that it plans to file for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code. The 158-year-old investment bank had been undermined by bad bets on real estate — the value of its shares declined 94 percent this year.
The fall of Lehman followed a wild, three-day scramble by top Wall Street executives and federal regulators, who worked around the clock to come up with a solution to a still-unfolding financial crisis.
By the end of the weekend, the Federal Reserve had stepped in to try to calm the markets by announcing plans to loosen its lending restrictions on the banking industry.
A consortium of 10 leading domestic and foreign banks agreed to create a $70 billion fund for loans to troubled financial firms.
Source:
http://edition.cnn.com/2008/US/09/15/banks.bigchanges/index.html
Duration : 0:2:20
