363 Sales

Trademark snafu hits Filene’s Basement, Brides sale - Boston Herald

06/06/12

Macy’s bankruptcy attorney Charles Tatelbaum confirmed the Basement trademark has been withdrawn from the sale, but declined further comment. “There are other assets that are likely to be auctioned off, but the Filene’s Basement trademark has several issues

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Supreme Court Upholds Secured Creditor’s Right to Credit Bid in a Bankruptcy Case - jdsupra.com

06/06/12

v. Amalgamated Bank, 566 U.S.___ (May 29, 2012), the Court found the case an "easy" one to resolve: when a secured creditor is denied the right to credit bid its debt in the sale of its collateral as a part of a bankruptcy plan, it will not receive the ...

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Stockton Empowers Manager to Put City Into Bankruptcy - Bloomberg

06/06/12

The Stockton, California, City Council voted to authorize a bankruptcy filing as soon as June 26 if officials ... soaring costs for pensions and retiree health benefits while sales and property-tax revenue plummeted after the longest recession ...

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Calif. City's Lawmakers Ready Bankruptcy Plan - ABC News

06/06/12

Stockton's property tax, sales tax and other revenues have seen significant declines ... Under the law city officials are using as a last-ditch effort to avoid bankruptcy, municipalities must first seek mediation with creditors, with the goal of settling ...

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Bankruptcy shuts several area KFC and Buffalo Wild Wings restaurants, including one in town of Ulster - Daily Freeman

06/05/12

“We were under bankruptcy for a while, but we were all under the impression that our sales and our profitability had been increasing steadily, so it (the shutdown) was a pretty significant shock to us,” he said. Stacy Huber, Headlee’s ...

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Mitt Romney Says He Would Have Backed Auto Bailout After Managed Bankruptcy - Huffington Post

06/05/12

"If they needed help coming out of bankruptcy and government support ... "The president is delaying the sale of the shares to try and avoid the story that the taxpayer took another loss," he said. "I would get the company independent from ...

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Barclays entitled to $1.8bn related to Lehman bankruptcy, US judge rules - Daily Telegraph

06/05/12

The decision partially reversed a February 2011 ruling by US Bankruptcy Judge James Peck ... avert "an even greater economic calamity" outweighed any imperfections in the sale process. In her decision, Forrest said Barclays may recover about $1.5bn ...

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Vitro: Spanish unit to seek bankruptcy protection - Marketwatch

06/05/12

Vitro said Cristalglass, which has been running up losses since 2009, accounted for 4% of its total sales in 2011. The bankruptcy filing will represent a benefit of $10 million to $15 million in earnings before interest, taxes, depreciation and ...

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Vitro: Spanish unit to seek bankruptcy protection - Marketwatch

06/05/12

Vitro said Cristalglass, which has been running up losses since 2009, accounted for 4% of its total sales in 2011. The bankruptcy filing will represent a benefit of $10 million to $15 million in earnings before interest, taxes, depreciation and ...

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Centerbridge to buy Culligan in debt deal-sources - Reuters

06/05/12

hired restructuring advisers earlier this year and was considering options including bankruptcy or a sale, sources told Reuters in March. The Rosemont, Illinois-based company said it has already received nearly 100 percent support from its ...

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