WEEK-TV's parent firm files for bankruptcy 
PEORIA - Granite Broadcasting Co., WEEK-TV's parent company since 1988, and several of its subsidiaries voluntarily filed petitions Monday for Chapter 11 bankruptcy reorganization.
Source: www.pjstar.com

Fischer Air Polska bounces back from near bankruptcy 
From Poland A.M. Fischer Air Polska, which only recently appeared doomed to bankruptcy, has managed to pay off its debts, acquire 16 investors and is thinking of entering the Warsaw Stock Exchange (WSE).
Source: www.wbj.pl

NWA: Pilots Can Auction Part of Claims 
As claims against Northwest Airlines Corp. have risen sharply, Northwest CEO Doug Steenland said the airline will allow its pilots to begin auctioning off part of their $888 million bankruptcy claim early.
Source: biz.yahoo.com

NWA pilots sell part of bankruptcy claim 
Northwest Airlines said Wednesday that the carrier will allow its pilots to conduct an early sale of part of their $888 million bankruptcy claim.
Source: biz.yahoo.com

Center wins a 60-day reprieve 
A federal bankruptcy judge has given leaders of the defunct Northern Kentucky Community Center 60 days to come up with a plan to raise income and pay off its creditors.
Source: news.cincypost.com

Granite CEO to Get at Least $2.6M 
Granite Broadcasting Corp. Chief Executive W. Don Cornwell stands to gain at least $2.6 million if the TV station operator's "prenegotiated" Chapter 11 plan with hedge fund Silver Point Capital passes muster with a bankruptcy judge, court documents show.
Source: biz.yahoo.com