Bankruptcy exemptions


The Columbian is relocating all operations back into its old headquarters. The paper’s publisher will then try to lease or sell the new $30 million building they moved into last January. If that is not successful, and lender negotiations fail, the paper is considering filing for bankruptcy.

BBJ: Carraway hoping to avoid bankruptcy with help from city (FOX 6 News Birmingham)
According to the Birmingham Business Journal Physicians Medical Center Carraway is hoping to avoid bankruptcy with help from the city of Birmingham. Sources said Carraway is negotiating with the city to craft a deal that will inject cash into the financially strapped hospital.

Iceland Teeters on Edge of ‘National Bankruptcy’ (Fox News)
Iceland is on the brink of becoming the first ‘national bankruptcy’ of the global financial meltdown.

Iceland teeters on the brink of bankruptcy (Washington Post)
REYKJAVIK, Iceland — This volcanic island near the Arctic Circle is on the brink of becoming the first “national bankruptcy” of the global financial meltdown.

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