Liquidation

No Safety Net for Employees in Bryman College Shutdown

08/20/14

With the closure of Bryman College and sister school BioHealth College, programs to protect its more than 300 students sprang into action, helping them obtain tuition refunds and loan forgiveness.

But for the colleges’ 85 employees—who were laid off without payment of wages they were owed or severance—there’s no safety net.

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The Daily Docket: Asarco Wins Latest Round Against India’s Sesa Sterlite

08/20/14

India’s Sesa Sterlite Ltd. has lost a bid to block a bankruptcy-court order requiring it to pay an $82.75 million judgment stemming from its failed attempt to acquire Asarco LLC, a U.S.-based copper miner. Read Peg Brickley’s story in the Daily Bankruptcy Review.

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The Daily Docket: Daehan Shipbuilding Seeks U.S. Bankruptcy Protection

08/19/14

Daehan Shipbuilding Co. Ltd. filed for Chapter 15 bankruptcy protection Monday in New York, seeking to shield its U.S. assets from efforts to collect a $54.5 million judgment. Read the story in the Daily Bankruptcy Review. 

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The Daily Docket: NII Holdings Skips an Interest Payment

08/18/14

Latin American Nextel wireless provider NII Holdings Inc. won’t make a $118.8 million interest payment to bondholders, the company announced Friday, days after it warned it would likely have to file for Chapter 11 bankruptcy protection. Read the Daily Bankruptcy Review story here.

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