Bankruptcy
Economic Issue
Owner of closed mortgage company returns to NH...at least $23 million in investments. This week, a U.S. bankruptcy court judge granted the state's request to force Financial Resources and a related business, CL&M, into voluntary bankruptcy. An interim trustee has been appointed to... In this article: New Hampshire, Bankruptcy, U.S. Bankruptcy Court, FBI, and U.S. |
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Reuters | 6 days ago
Majestic Star Casino LLC files for Chapter 11
...day. Majestic Star Casino LLC files for Chapter 11 Reuters) - U.S. casino operator Majestic Star Casino LLC and 7 affiliates filed for Chapter 11 bankruptcy, court documents showed. In a filing on Monday with the U.S. Bankruptcy Court...
In this article: U.S. Bankruptcy Court, Delaware, All rights reserved, Thomson Reuters, NYSE, and Nasdaq
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Detroit News | November 11, 2009
GM may repay some fed aid in '09
...aid in '09 General Motors Co. Chief Executive Officer Fritz Henderson has the board's backing, and the automaker may repay some of its $50 billion in U.S. bankruptcy aid this year, Chairman Ed Whitacre said. "It's conceivable we could pay...
In this article: GM, Detroit City Council, Rick Wagoner, AT&T Inc, and U.S.
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washingtonpost.com | 5 days ago
Freedom seeks approval for executive bonus
...for its chief financial officer. Freedom says Mark McEachen deserves the bonus because he is serving as both chief financial officer and chief restructuring officer in the company's Chapter 11 bankruptcy. Freedom's creditors committee and...
In this article: Freedom Communications, Dallas Morning News, The Orange County Register, Wilmington, Delaware, California, and U.S.
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AP Online | November 19, 2009
General Growth, lenders agree on mall debt rework
...largest U.S. real estate bankruptcy case in history. At the time, some lenders complained that General Growth had unfairly dragged healthier subsidiaries into bankruptcy with it. The lenders agreed to extend the due dates on the loans...
In this article: General Growth, Chicago, Los Angeles, and U.S.
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washingtonpost.com | 3 days ago
Tribune lenders propose competing plan of reorganization
...to court filings. Tribune Cos, owner of the Chicago Tribune and Los Angeles Times newspapers, have asked U.S. Bankruptcy Judge Kevin Carey to extend the time in which it can exclusively file a so-called Chapter 11 plan. But the Credit...
In this article: Tribune Company, U.S. Bankruptcy Court, Revenue, Chicago Tribune, Kohlberg Kravis Roberts & Co, Los Angeles Times, Sam Zell, and Goldman Sachs Group Inc
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FOLIO | 3 days ago
Questex Media to be Taken Over by Senior Lenders
...expects to emerge from bankruptcy 'within days. ' A U.S. bankruptcy court in Delaware has approved the sale of Questex Media Group Holdings to a group of the company's senior lenders. The sale, Questex said today, brings the company to...
In this article: Questex Media, Lien, Business operations, Balance sheet, Weil, Gotshal & Manges, Kirkland & Ellis, and Delaware
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washingtonpost.com | November 19, 2009
Sears narrows 3Q loss on cost-cutting efforts
...3,900 full-line and specialty retail stores in the U.S. and Canada. Lampert acquired Kmart out of bankruptcy in 2003 and added Sears, Roebuck and Co. in 2005 to create Sears Holdings, which is based in the Chicago suburb of Hoffman Estates.
In this article: Sears, Kmart, Sears Holdings Corp., Revenue, Edward Lampert, Sears Canada, Thomson Reuters, and Sears, Roebuck and Co.
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Description from Wikipedia:
Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay its creditors. Creditors may file a bankruptcy petition against a debtor ("involuntary bankruptcy") in an effort to recoup a portion of what they are owed or initiate a restructuring. In the majority of cases, however, bankruptcy is initiated by the debtor (a "voluntary bankruptcy" that is filed by the insolvent individual or organization).
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