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AMR files to break union contracts - Tulsa World

03/27/12

In a letter to employees, AMR CEO Thomas Horton said the company’s filing of the Section 1113 motion in U.S. Bankruptcy Court for the Southern District of New York will give some urgency to the process. “While this process can allow the ...

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Cetero Research files for bankruptcy protection - The News & Observer

03/27/12

The bankruptcy filing, which was mapped out in advance with creditors, includes the possible sale of the business to a group of lenders. The creditors also have agreed to provide Cetero with $15 million in financing to get it through the ...

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The Ins and Outs of Pre-Bankruptcy Credit Counseling - msnbc.com

03/27/12

it became mandatory for anyone entering bankruptcy to complete a credit counseling session at least 180 days prior to filing. In order for the credit counseling to be valid in bankruptcy court it must meet certain qualifications. As one of the nation's ...

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Filing lays out American Airlines' arguments for rejecting labor contracts - Dallas Morning News (blog)

03/27/12

American Airlines cited "three unpleasant but undeniable facts" as its justification Tuesday for asking a federal bankruptcy judge to reject ... Another part: "American takes no joy in filing this Motion. American's employees are the industry's finest.

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American Airlines seeks to void labor contracts - msnbc.com

03/27/12

The bankruptcy law provides a process for the court to address ... and the disclosure of which could harm ," the company said in its filing. American wants to slash overall costs by $2 billion annually. More than half of the savings would come from ...

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Solyndra Kept Government Informed, Report Says - Wall Street Journal

03/27/12

Solyndra LLC, whose abrupt bankruptcy filing last summer put the Obama administration's solar-power efforts in the spotlight, kept the government well informed of its finances and business prospects, according to a report by the company's chief ...

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AMR asks bankruptcy court to let it file union contract motions confidentially - Fort Worth Star-Telegram

03/27/12

AMR Corp., American Airlines' parent company, has asked the bankruptcy court to allow it to file its Section 1113 motions to reject its union contracts confidentially. In its filing today, the carrier said it plans to file to reject its union ...

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General Maritime Unsecured Creditors Set To Recover More - Smart Money

03/27/12

General Maritime Corp. (GMRRQ) has reached a deal with a previously disgruntled group of creditors that should help the shipper move ahead with a plan to exit bankruptcy in the hands of Oaktree Capital Management LP. In a Monday filing with U.S ...

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Cetero Research files for bankruptcy - The News & Observer

03/27/12

The bankruptcy filing, which was mapped out in advance with creditors, includes the possible sale of the business to a group of lenders. The creditors also have agreed to provide Cetero with $15 million in financing to get it through the ...

[more]

MF Global Executive Saw Early Warning Sign on Customer Money - New York Times

03/27/12

An internal MF Global document suggested that the firm was putting customer money at risk days before its bankruptcy filing, an executive said in prepared testimony that was released on Tuesday for a Congressional hearing on Wednesday.

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