NEW ORLEANS — A federal bankruptcy judge Wednesday approved the sale of Colonial Golf & Country Club's 88-acre property to businessman John Georges and real estate developer Wayne Ducote. "Congratulations, everyone," Judge Elizabeth Magner told the ...
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.
Craig Herkert, chief executive of the third-largest U.S. supermarket chain, said bankruptcy is not among the options ... according to Thomson Reuters I/B/E/S. Sales for the quarter fell 4.7 percent to $10.59 million, while identical sales ...
US Airways Group Inc. (LCC), which seeks a merger with AMR Corp.’s American Airlines, backs the carrier’s request for more time to develop a bankruptcy restructuring plan. American has asked U.S. Bankruptcy Judge Sean Lane in Manhattan to ...
... file 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 ...
Such bonus programs are common in Chapter 11 cases of publicly held companies, said Robert Rock, senior bankruptcy attorney with Albany-based law firm Tully Rinckey. "The concept is that these bonuses are given to key executives in order to keep ...
... 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 ...
Once rare, turning to bankruptcy has become a painful but enticing option ... This could create multiple layers of litigation that hurts creditors, employees and taxpayers for a very long time to come." Rising public pension costs are one ...
U.S. Bankrutpcy Judge Kevin Carey signaled that he will file an opinion by the end of this week, confirming a plan to restructure Tribune Co. and end the Chicago-based media company's epic bankruptcy case. At a status hearing held in Delaware ...
Fowler's Furniture Inc. has filed for Chapter 11 bankruptcy protection according to documents filed with the U.S. Bankruptcy Court Eastern Division of Tennessee. The petition, filed July 3, will be heard on July 26 at the Bankruptcy Court in ...
