Liquidation

Armand's Chicago Pizzeria files for Ch. 7 bankruptcy - The Business Journal

08/01/12

D.C.-based Armand's Chicago Pizzeria Inc. has filed a voluntary petition for Chapter 7 bankruptcy liquidation, according to court documents. The filing was made July 23 in the U.S. Bankruptcy Court of the District of Columbia. The petition said ...

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Edison International EME Unit Could File for Bankruptcy - NASDAQ

07/31/12

Edison International's (EIX) Edison Mission Energy unit could file for bankruptcy if bondholders don't agree on a plan to restructure $3.7 billion of debt, including $578 million due in 2013, company executives said Tuesday. The EME unit owns 45 ...

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Philadelphia Orchestra emerges from bankruptcy - St. Louis Post-Dispatch

07/31/12

The Philadelphia Orchestra has officially emerged from Chapter 11 bankruptcy. The Philadelphia Orchestra Association announced the news Tuesday. The orchestra says it's addressed more than $100 million in claims, debts and liabilities with a settlement of ...

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Law firm Dewey secures two extra weeks of bankruptcy funding - Reuters

07/31/12

Failing a robust settlement, it is unlikely Dewey's lenders would continue to fund a Chapter 11 bankruptcy. That would likely force Dewey to convert its case to a streamlined liquidation under Chapter 7, in which a court-appointed trustee would ...

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Durham company files $9.5M bankruptcy - The Business Journal

07/31/12

Curaxis Pharmaceutical Corp. is liquidating in bankruptcy, putting an end to its 11-year effort to develop a drug for Alzheimer’s treatment. The Durham-based company (OTC:CURX) reported $9.5 million in liabilities on its Chapter 7 petition ...

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Chapter 7 Bankruptcy: Is it Right for Individuals - PRLog (free press release)

07/31/12

Majority of debtors think of filing chapter 7 bankruptcy when they are in a situation where bankruptcy becomes singular option for them. People chose chapter 7 bankruptcy just because it gives a solid option for debtors for a fresh start. Chapter 7 ...

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