Under Florida law, residents may keep their primary residences no matter how much they owe creditors.

Jim Taft, a finance official for what remains of the committee, which is now defunct, refused last week to reveal what the group still owes creditors.

Overall, Brazil owes international creditors about $117 billion.

Boo.com was spending more than $3 million a week and owed creditors "around $20 million, of which around $12 to $15 million was currently due."

In addition to the $26 billion in bank debt, Russia owes foreign governments and other creditors nearly $60 billion.

On January 9th 2012, Fusion Garage confirmed that the company had gone into liquidation owing creditors $40 million.

The 38-acre campus has been dormant since the school folded in May 1995, owing creditors more than $12 million.

Enron filed for bankruptcy protection on Dec. 2, owing creditors more than $40 billion.

The ruling is a significant victory for Lehman as it tries to recoup some of the billions of dollars it owes creditors.

This plan was opposed by Edison executives who said they needed more money to pay off the $3.5 billion the utility owes creditors.