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Interview Tip
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Advanta's class A and B common stock receives delisting notice from NASDAQ(12 Nov 2009 05:32:00 EST)Issuer of business purpose credit cards Advanta Corp said on Wednesday that The NASDAQ Stock Market LLC notified the company that its common stock class A and B shares were to be de-listed. The stock trading in both classes will stop when NASDAQ opens for business on 18 November 2009 and Advanta will not appeal the decision.
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Advanta's troubles culminate in Chapter 11 [The Philadelphia Inquirer](10 Nov 2009 03:56:00 EST)Nov. 10--Sam Truell, a retired Chester policeman, has been supplementing his pension with monthly income from Advanta investment notes. "It helps me along quite a bit," Truell, who has been living off his retirement income for 17 years, said yesterday.
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BLOG: PhillyDeals: Advanta bankrupt; FDIC may take over [The Philadelphia Inquirer](09 Nov 2009 16:12:00 EST)Nov. 9--Credit card lender Advanta Corp. of Spring House on Sunday filed a voluntary petition for reorganization under Chapter 11 of the US bankruptcy code. Advanta said in this statement [http://www.advantareorg.com/]it has "close to $100 million in cash" on hand, which "over time will not be enough" to pay all it owes, which includes "$138 million of senior retail investment notes outstanding."






