Federal bankruptcy courts currently offer only scant relief to homeowners who can’t afford to pay their mortgages. That could change, if supporters of legislation that would allow bankruptcy judges to modify mortgages can muster enough votes in Congress to override a threatened presidential veto.
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Former Gov. Pete Wilson will manage the reorganization of Scotia Pacific Co., the timber-holding subsidiary of bankrupt Pacific Lumber Co., if a Bankruptcy Court judge approves its creditors’ plan, which is in a competition with four other proposals. Wilson,…
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Hoop Holdings, a unit of Children’s Place Retail Stores Inc. and the operator of Disney Store North America, said late on Wednesday that it filed for protection from creditors under Chapter 11 of U.S. bankruptcy law.
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A unit of Children’s Place that operates The Disney Stores has filed for bankruptcy , and is seeking to sell back a majority of the business to Walt Disney.
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