With mounting losses and debt loads, the companies do not have enough money to pay for all their obligations, and self-bonding is not worth [the] paper [its] written on, Steve Jakubowski, a bankruptcy lawyer with the firm Robbins, Salomon & Patt, said in an email. In a bankruptcy, where Alpha
Steve Jakubowski, a Chicago bankruptcy attorney and blogger, noted that when the company emerged from bankruptcy last time it forecast 2011 revenue of $3.1 billion. But last year it had revenue of only $2.5 billion. In need of cash, its private-equity owner, Ripplewood Holdings, invested an addition
Date: Jan 11, 2012
Category: Business
Source: Google
NZ Quake Dominates A Busy Global Catastrophe Month
The people of New Zealand were still coming to terms with the widespread damage caused by last years Darfield earthquake, said Steve Jakubowski, president of Impact Forecasting, a part of Aon Benfield, which publishes a monthly catastrophe report. The second quake has proved even more devastatin