Bankruptcy Credit :

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Credit hungry Kazakhstan feels the crunch (BBC News) Kazakh banks have started to feel the credit crunch, and consequently many building companies are struggling to raise funds and are facing bankruptcy

WaMu Auction Sets 43¢ Payout (New York Times) Sellers of credit-default swaps protecting against a default by Washington Mutual , which filed for bankruptcy last month, will pay 43 cents on the dollar after the biggest bank failure in the country’s history.

AIG Taps $90.3 Billion From Fed Reserve Credit Line (Update1) (Bloomberg) Oct. 24 (Bloomberg) -- American International Group Inc. has used $90.3 billion of a U.S. government credit line since it was bailed out last month, an amount exceeding the size of the original loan meant to save the insurer.

Some Bankruptcy Basics (WallStreet Journal via Yahoo! Finance) Faced with ballooning debt, more American families are filing for bankruptcy. Here's what you need to know.

Freddie Mac asks for probe in Lehman bankruptcy (AP via Yahoo! Finance) Freddie Mac, the mortgage lender that was seized by federal regulators, has asked a bankruptcy judge to investigate the whereabouts of $1.2 billion that Lehman Brothers borrowed.

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