About Us

Search:

Results 1-100 of 2,719 for [company]>file>bankruptcy

expand all

11/19/2009

[23]

General Growth Properties Inc.

file

bankruptcy

General Growth, lenders agree on mall debt rework
...General Growth, lenders agree on mall debt rework LOS ANGELES -- Mall operator General Growth Properties Inc., which filed the largest U.S. real estate bankruptcy case in history earlier this year, said Thursday its lenders have agreed to restructure some $8.9 billion in shopping mall mortgage loans. The agreements, which cover loans on more than 70 malls, could enable some of the shopping centers to exit bankruptcy before the end of this year, the company said....

General Growth, lenders agree on mall debt rework
...General Growth, lenders agree on mall debt rework LOS ANGELES (AP) - Mall operator General Growth Properties Inc., which filed the largest U.S. real estate bankruptcy case in history earlier this year, said Thursday its lenders have agreed to restructure some $8.9 billion in shopping mall mortgage loans. The agreements, which cover loans on more than 70 malls, could enable some of the shopping centers to exit bankruptcy before the end of this year, the company said....

Business Highlights
...General Growth, lenders agree on mall debt rework LOS ANGELES (AP) - Mall operator General Growth Properties Inc., which filed the largest U.S. real estate bankruptcy case in history earlier this year, said Thursday its lenders have agreed to restructure some $8.9 billion in shopping mall mortgage loans. The agreements, which cover loans on more than 70 malls, could enable some of the shopping centers to exit bankruptcy before the end of this year, the company said....

General Growth, lenders agree on mall debt rework
...11-19) 17:53 PST LOS ANGELES (AP) -- Mall operator General Growth Properties Inc., which filed the largest U.S. real estate bankruptcy case in history earlier this year, said Thursday its lenders have agreed to restructure some $8.9 billion in shopping mall mortgage loans. The agreements, which cover loans on more than 70 malls, could enable some of the shopping centers to exit bankruptcy before the end of this year, the company said....

General Growth, lenders agree on mall debt rework
...General Growth, lenders agree on mall debt rework Mall operator General Growth Properties Inc., which filed the largest U.S. real estate bankruptcy case in history earlier this year, said Thursday its lenders have agreed to restructure some $8.9 billion in shopping mall mortgage loans. General Growth Properties operates Westlake Center and Alderwood Mall in the Seattle area, but these properties were not included in the bankruptcy filing because they are not wholly owned by General Growth Properties....

General Growth, lenders agree on mall debt rework
...LOS ANGELES - Mall operator General Growth Properties Inc., which filed the largest U.S. real estate bankruptcy case in history earlier this year, said Thursday its lenders have agreed to restructure some $8.9 billion in shopping mall mortgage loans. The agreements, which cover loans on more than 70 malls, could enable some of the shopping centers to exit bankruptcy before the end of this year, the company said....

General Growth, lenders agree on mall debt rework (AP)
...By ALEX VEIGA, AP Real Estate Writer Alex Veiga, Ap Real Estate Writer - 23 mins ago LOS ANGELES - Mall operator General Growth Properties Inc., which filed the largest U.S. real estate bankruptcy case in history earlier this year, said Thursday its lenders have agreed to restructure some $8.9 billion in shopping mall mortgage loans. The agreements, which cover loans on more than 70 malls, could enable some of the shopping centers to exit bankruptcy before the end of this year, the company said....

Lenders, mall firm OK plan
...Lenders, mall firm OK plan LOS ANGELES (AP) - Mall operator General Growth Properties Inc., which filed the largest U.S. real estate bankruptcy case in history earlier this year, said yesterday its lenders have agreed to restructure some $8.9 billion in shopping mall mortgage loans....

11/01/2009

[21]

CIT Group Inc.

file

Bankruptcy

CIT bankruptcy: 5th largest in U.S.
...CIT bankruptcy: 5th largest in U.S. CIT files for 5th largest U.S. bankruptcy Small business lender seeks court approval for a debt reorganization that has approval of bondholders....

CIT files for 5th largest U.S. bankruptcy
...CIT files for 5th largest U.S. bankruptcy Small business lender seeks court approval for a debt reorganization that has approval of bondholders....

CIT Group's biggest hurdle: Keeping customers
..."Ultimately that will result in a much smaller company." CIT filed for Chapter 11 bankruptcy protection Sunday in New York after teetering on the brink of collapse for months. The company ran into trouble as rising costs to finance its operations outpaced the money it took in from providing loans....

CIT bankruptcy: 5th largest in U.S.
...14 brands you know -- from an NHL hockey team to Obama's suit maker -- that are hitting the skids. NEW YORK (CNNMoney.com) -- CIT Group Inc., one of the nation's leading funders of small and medium-sized businesses, filed for the fifth largest bankruptcy by assets in U.S. history Sunday as part of a reorganization plan that has the support of an overwhelming majority of debtholders. In a statement, the company said it is asking the U.S. Bankruptcy Court for the Southern District of New York for a quick approval of the prepackaged plan....

CIT files for 5th largest U.S. bankruptcy
...14 brands you know -- from an NHL hockey team to Obama's suit maker -- that are hitting the skids. NEW YORK (CNNMoney.com) -- CIT Group Inc., one of the nation's leading funders of small and medium-sized businesses, filed for the fifth largest bankruptcy by assets in U.S. history Sunday as part of a reorganization plan that has the support of an overwhelming majority of debtholders. In a statement, the company said it is asking the U.S. Bankruptcy Court for the Southern District of New York for a quick approval of the prepackaged plan....

CIT Group's challenge: keeping customers
...CIT also provides specialized types of financing services that relatively few competitors offer. CIT filed for Chapter 11 bankruptcy protection Sunday in New York after teetering on the brink of collapse for months. The company ran into trouble as rising costs to finance its operations outpaced the money it took in from providing loans....

Lending giant CIT files for bankruptcy
...Washington » The bankruptcy of a key lender that helps retailers stock their shelves is adding to the industry's worries ahead of the critical holiday shopping season. CIT Group Inc. filed for Chapter 11 bankruptcy protection Sunday in New York after months of struggling to avoid collapse. The company provides badly needed credit to thousands of small and mid-sized businesses, and is a critical part of the flow of capital in the retail sector....

CIT has a fair shot at surviving bankruptcy
..."Ultimately that will result in a much smaller company." CIT filed for Chapter 11 bankruptcy protection Sunday in New York after teetering on the brink of collapse for months. The company ran into trouble as rising costs to finance its operations outpaced the money it took in from providing loans....

CIT Group says 3Q loss widened to $1.07 billion
...The bankruptcy of a key lender that helps retailers stock their shelves is adding to the industry's worries ahead of the critical holiday shopping season. CIT Group filed for Chapter 11 bankruptcy protection Sunday in New York after months of struggling to avoid collapse. The company provides badly needed credit to thousands of small and mid-sized businesses, and is a critical part of the flow of capital in the retail sector....

Retail faces uncertainty as CIT enters bankruptcy
...The bankruptcy of a key lender that helps retailers stock their shelves is adding to the industry's worries ahead of the critical holiday shopping season. CIT Group Inc. filed for Chapter 11 bankruptcy protection Sunday in New York after months of struggling to avoid collapse. The company provides badly needed credit to thousands of small and mid-sized businesses, and is a critical part of the flow of capital in the retail sector....

CIT bankruptcy filing comes at dicey time for retailers
...The bankruptcy of a large lender that helps retailers stock their shelves is adding to the industry's worries ahead of the critical holiday shopping season. CIT Group Inc. filed for Chapter 11 bankruptcy protection Sunday in New York after months of struggling to avoid collapse. The company, which has executive offices in Livingston, provides badly needed credit to thousands of small and mid-sized businesses, and is a critical part of the flow of capital in the retail sector....

Retail faces uncertainty as CIT enters bankruptcy
...WASHINGTON - The bankruptcy of a key lender that helps retailers stock their shelves is adding to the industry's worries ahead of the critical holiday shopping season. CIT Group Inc. filed for Chapter 11 bankruptcy protection Sunday in New York after months of struggling to avoid collapse. The company provides badly needed credit to thousands of small and mid-sized businesses, and is a critical part of the flow of capital in the retail sector....

After bankruptcy, CIT’s next hurdle is to keep its base
..."Without many alternatives in place, and an environment of risk adversity, they still have a place in the market,'' said Scott Stuart, a senior managing director of bankruptcy management services firm Donlin Recano & Co. CIT filed for Chapter 11 bankruptcy protection Sunday in New York after teetering on the brink of collapse for months. The company ran into trouble as rising costs to finance its operations outpaced the money it took in from providing loans....

11/01/2009

[12]

CIT Group

file

Bankruptcy

Investors Dropping Their Shorts: Is a Financial Recovery in the Works?
...Royal Bank of Canada (was among the most actives in Toronto, up 57 cents to $57.39. My reply is, "Uhhhhh ... I dunno know .. err maybe ... could it be that perhaps CIT filed BANKRUPTCY ... errrr .... I dunno know ... a couple of WEEKS AGO!!!!...

CIT Group says bankruptcy plan wins wide support (Reuters)
...The New York-based company said it was won "substantially in excess" of the minimum support needed under U.S. bankruptcy law to restructure from all classes of bondholders eligible to vote on its "prepackaged" Chapter 11 plan. CIT on November 1 filed one of the five largest bankruptcies in U.S. history, hoping to reduce debt by $10 billion. Hundreds of thousands of small- and mid-sized businesses depend on CIT for financing, and company lawyers have said CIT has a "need for speed" in getting through bankruptcy on concern that many customers could defect if the process drags on....

CIT has $1.07 billion loss before bankruptcy (Reuters)
...The New York-based company posted results in its quarterly report filed with the U.S. Securities and Exchange Commission. CIT filed one of the largest U.S. bankruptcies in history on November 1, and hopes to emerge from court protection next month under a prepackaged reorganization plan that has won backing from most of its bondholders. The plan calls for unsecured debtholders to receive 70 cents on the dollar of new notes, plus new common stock....

Bankruptcy filing is a blow to small business
...While Advanta stopped making new loans earlier this year, it is continuing to collect on $2.7 billion due from some 360,000 customers. Advanta's bankruptcy comes just one week after another top small business lender, CIT Group, filed its own bankruptcy petition. Both companies were hit with a sharp rise in defaults as the recession deepened....

CIT Group's biggest hurdle: Hanging on to its customers
...Posted: Tuesday, Nov. 03, 2009 CIT Group, which filed for Chapter 11 bankruptcy protection on Sunday, is one of the largest lenders to the retail industry. It serves 2,000 vendors that supply merchandise to 300,000 stores, and provides financing for 60 percent of the apparel industry....

CIT preparing to file for bankruptcy protection
...CIT preparing to file for bankruptcy protection NEW YORK -- CIT Group, a major lender to small businesses, is preparing to file for Chapter 11 bankruptcy protection as early as this weekend, sources familiar with the matter said Friday, which would likely wipe out the federal government's $2.3 billion stake in the company. A CIT bankruptcy filing would be one of the largest in U.S. history, with potentially broad ripple effects....

The CIT Experiment
...Common shareholders, including the huge mutual fund firms FMR, parent of Fidelity Investments, and Brandes Investment Advisors, each with about 10% of CIT shares, and Franklin Mutual, with over 5%, are also at risk of seeing their holdings wiped out. However, bondholders stand to do relatively well in the pre-packaged Chapter 11 bankruptcy process that CIT filed for in New York, and the vast majority are supporting it, the company says. In the summer, CIT arranged a $3 billion injection from a group of its major bondholders, including Oaktree Capital, Centerbridge, Silver Point Capital, Capital Research and Management and Pacific Investment Management Company....

CIT's move to bankruptcy court means more instability for retailers
...WASHINGTON -- The bankruptcy of a key lender that helps retailers stock their shelves is adding to the industry's worries ahead of the critical holiday shopping season. CIT Group filed for Chapter 11 bankruptcy protection Sunday in New York after months of struggling to avoid collapse. The company provides badly needed credit to thousands of small and mid-sized businesses, and is a critical part of the flow of capital in the retail sector....

CIT Group: Taxpayers' Investment Is Virtually Worthless
...by: Linus Wilson November 02, 2009 | about: BAC / C / CIT / GS / WFC / XLF CIT Group (CIT) filed for Chapter 11 bankruptcy on Sunday, November 1, 2009. With that filing, taxpayers absorbed their first loss of bank bailouts....

CIT files for Chapter 11 bankruptcy protection
...November 01, 2009 10:28 PM WASHINGTON • After struggling for months to avert bankruptcy, lender CIT Group has filed for Chapter 11 protection in an attempt to restructure its debt while trying to keep badly needed loans flowing to thousands of midsize and small businesses. CIT made the filing in New York bankruptcy court Sunday, after a debt-exchange offer to bondholders failed....

10/27/2009

[8]

FairPoint

file

bankruptcy

FairPoint phone company files for bankruptcy
...But the nation's credit crisis and a bungled technology transfer made the task virtually impossible. With a battered financial sheet and a tattered reputation, FairPoint filed for Chapter 11 bankruptcy protection on Monday, barely 18 months after becoming the dominant telecommunications company in Maine, New Hampshire and Vermont. The bankruptcy filing was widely anticipated and fulfilled critics' predictions that FairPoint was taking on more than it could handle when it bought the Verizon properties for $2.3 billion....

Creditors withdraw motion in FairPoint bankruptcy
...Legislators and other officials from Maine, New Hampshire and Vermont have scheduled a meeting with FairPoint Communications' representatives to discuss the company's bankruptcy proceedings. FairPoint filed for Chapter 11 bankruptcy protection on Monday barely 18 months after buying Verizon Communications' land line and Internet assets in the three states. A spokesman in Maine House Speaker Hannah Pingree's office says the meeting will take place Nov. 12 in Concord, N.H. He expects each state to send legislators and representatives from their attorneys general offices....

FairPoint phone company files for bankruptcy (AP)
...But the nation's credit crisis and a bungled technology transfer made the task virtually impossible. With a battered financial sheet and a tattered reputation, FairPoint filed for Chapter 11 bankruptcy protection on Monday, barely 18 months after becoming the dominant telecommunications company in Maine, New Hampshire and Vermont. The bankruptcy filing was widely anticipated and fulfilled critics' predictions that FairPoint was taking on more than it could handle when it bought the Verizon properties for $2.3 billion....

FairPoint phone company files for bankruptcy
...FiberTower shares tumble after note exchange offer 10.26.09 With a battered financial sheet and a tattered reputation, FairPoint filed for Chapter 11 bankruptcy protection on Monday, barely 18 months after becoming the dominant telecommunications company in Maine, New Hampshire and Vermont. The bankruptcy filing was widely anticipated and fulfilled critics' predictions that FairPoint was taking on more than it could handle when it bought the Verizon properties for $2.3 billion....

3-state meeting slated to discuss FairPoint woes
...PORTLAND, Maine -- Legislators and other officials from Maine, New Hampshire and Vermont have scheduled a meeting with FairPoint Communications' representatives to discuss the company's bankruptcy proceedings. FairPoint filed for Chapter 11 bankruptcy protection on Monday barely 18 months after buying Verizon Communications' land line and Internet assets in the three states. A spokesman in Maine House Speaker Hannah Pingree's office says the meeting will take place Nov. 12 in Concord, N.H. He expects each state to send legislators and representatives from their attorneys general offices....

11/12/2009

[7]

General Motors Co.

file

bankruptcy

Daimler head: Years for US market to fully rebound
...Auto sales in the U.S. have been pummeled by the economic recession, with per-capita sales levels falling to levels not seen in a quarter century earlier this year. That helped force Chrysler and crosstown rival General Motors Co. to file for Chapter 11 bankruptcy protection over the summer. But auto sales began showing signs of stability in October....

Daimler Head Makes Auto Prediction
...Auto sales in the U.S. have been pummeled by the economic recession, with per-capita sales levels falling to levels not seen in a quarter century earlier this year. That helped force Chrysler and crosstown rival General Motors Co. to file for Chapter 11 bankruptcy protection over the summer. But auto sales began showing signs of stability in October....

11/20/2009

[5]

Station Casinos

file

bankruptcy

Judge in Station Casinos case refuses creditors' request
...Station Casinos operate 18 properties in Las Vegas, Henderson and North Las Vegas and manages an Indian casino near Sacramento, Calif. With the slowdown in the casino business in Nevada, Station Casinos filed a Chapter 11 bankruptcy petition in July. The creditors are looking into the 2007 deal in which Colony Capital of Los Angeles and the Fertitta family purchased the company, complaining the transaction may have diverted some money from certain creditors....

Station Casinos posts $455 million third-quarter loss
...Station Casinos is seeking a four-month extension from the Nov. 25 deadline to file a proposal. Station Casinos filed for Chapter 11 bankruptcy in July after failing to reach agreement with its creditors on a plan to restructure its long-term debt, which is now $5.9 billion. A group of small lenders representing nearly 5 percent of the debt has asked Zive to appoint an examiner to look into several aspects of the bankruptcy including Station Casinos' November 2007 buyout, which loaded the company with debt....

Station drops $455.4 million
...Station Casinos is seeking a four-month extension from the Nov. 25 deadline to file a proposal. Station Casinos filed for Chapter 11 bankruptcy in July after failing to reach agreement with its creditors on a plan to restructure its long-term debt, which is now $5.9 billion. A group of small lenders representing nearly 5 percent of the debt has asked Zive to appoint an examiner to look into several aspects of the bankruptcy, including Station Casinos' November 2007 buyout, which loaded the company with debt....

Station Casinos accuses rival of 'manipulating' the bankruptcy process
..."Boyd is attempting to use an examiner to gain access to (Station Casinos) confidential business information to disrupt (Station Casinos) business and obtain for itself a competitive advantage," according to the filing. Station Casinos, which filed for Chapter 11 bankruptcy protection at the end of July, asked the court for a four-month extension to exclusively propose a plan to reorganize its finances. The current deadline is Nov. 25....

11/16/2009

[3]

CIT Group Inc

file

bankruptcy

11/19/2009

[3]

General Growth Properties

file

bankruptcy

11/12/2009

[2]

Activision

file

bankruptcy

11/01/2009

[2]

Boyd Gaming Corp.

file

bankruptcy

11/06/2009

[2]

Lehman Brothers

file

bankruptcy

11/10/2009

[1]

American IronHorse

file

petition / bankruptcy

11/11/2009

[1]

Eaton Vance

file

bankruptcy / protection

10/26/2009

[1]

FairPoint Communications

file

bankruptcy / protection

10/26/2009

[1]

FairPoint Communications Inc.

file

petition / Bankruptcy

11/19/2009

[1]

parent company / Flying J

file

bankruptcy

10/28/2009

[1]

Getrag

file

bankruptcy / protection

10/24/2009

[1]

GMAC / arm

file

bankruptcy

10/26/2009

[1]

Max & Erma's / Inc.

file

bankruptcy / protection

11/05/2009

[1]

Pilgrim's Pride

file

Tyson's / Smithfield / bankruptcy

11/10/2009

[1]

Tribune Co

file

lawsuit / bankruptcy

10/31/2009

[1]

USAir / Delta / Northwest

file

bankruptcy

10/25/2009

[1]

High Court / ASB Bank

file in

bankruptcy / notice