News

Valence Technology Files Voluntary Chapter 11 Business Reorganization - Yahoo Finance

07/12/12

Flow of Goods and Services to Customers to Continue Globally in Ordinary Course Non-U.S. Subsidiaries Are Not Included in U.S. Filing and Are Not Subject to Court Supervision Company Negotiating Debtor-in-Possession Financing AUSTIN, Texas, July ...

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Valence Tech (VLNC) Files Voluntary Chapter 11 Bankruptcy - StreetInsider.com

07/12/12

Valence Technology, Inc. (Nasdaq: VLNC) announced today that it filed a voluntary petition for a chapter 11 business reorganization in the U.S. Bankruptcy Court for the Western District of Texas. The business reorganization is intended to bolster the ...

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California’s Municipal Bankruptcies Sign of Stigma Waning - Bloomberg

07/12/12

A bankruptcy filing can increase the cost of borrowing or make it more difficult to access the capital markets in the future, Lisa Washburn, a managing director at Municipal Market Advisors in Concord, Massachusetts, said yesterday.

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Tribune bankruptcy judge may rule for company's plan this week - Los Angeles Times

07/12/12

... an opinion by the end of this week confirming a restructuring plan and ending the Chicago media company's epic bankruptcy case. At a hearing Wednesday, U.S. Bankruptcy Judge Kevin Carey said he had prepared a 50-page draft of an opinion and ...

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Stockton Retirees Sue in U.S. Bankruptcy Court Over Benefits - Bloomberg

07/12/12

Before filing for bankruptcy, the city had announced it would be cutting retiree benefits as part of its plan to balance its budget. The bankruptcy case is In re Stockton, 12-32118, and the retirees lawsuit is In re Stockton 12-02302 ...

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Bankruptcy judge signals approval of Tribune Co. restructuring plan - Chicago Tribune

07/12/12

... the end of this week confirming a plan to restructureTribune Co. and end the Chicago-based media company's epic bankruptcy case. At a status hearing held in Delaware, Carey said he had prepared a 50-page draft of an opinion and planned to ...

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Patriot Coal Bankruptcy Highlights Disparity In Energy Sector - International Business Times

07/12/12

Patriot Coal Corp.'s (NYSE: PCX) bankruptcy filing this week highlighted the diminished demand for coal in the face of cheap natural gas, but experts don't expect the fossil fuel to go away entirely. U.S. coal usage fell to the lowest level ...

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Another California city, another bankruptcy as San Bernardino joins Stockton, Mammoth Lakes - Calgary Herald

07/12/12

Bankruptcy experts say the decision in San Bernardino — some 60 miles east of Los Angeles — could sound an alarm to cities across the state and country that are grappling with weak property and sales tax revenues as their pension obligations continue to rise.

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Many Bills, Few Options, Bankruptcy for CA City - ABC News

07/12/12

Bankruptcy experts say the decision in San Bernardino — some 60 miles east of Los Angeles — could sound an alarm to cities across the state and country that are grappling with weak property and sales tax revenues as their pension obligations ...

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Irvin Capital LLC offers $6 million in DIP Financing - YAHOO!

07/12/12

Irvin Capital LLC offered to invest $6 million in DIP financing and Letters of Credit in the Connaught Group and provide up to $20 million in financing upon emergence from Chapter 11 bankruptcy. Irvin Capital LLC offered to invest $6 million in ...

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