News

Wolfgang Candy may have buyer - msnbc.com

07/10/12

York County's Wolfgang Candy has been in business for 91 years. The business hit a snag this spring when the company filed for Chapter 11 bankruptcy. The family-owned company has since caught the eye of an Alabama food industry tycoon who has put in a bid ...

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RG Steel bonus plan draws objection - Warren Tribune Chronicle

07/09/12

WARREN - Government attorneys monitoring RG Steel's Chapter 11 bankruptcy case have objected to a company plan to pay bonuses totaling more than $20 million to 10 key management officials. In a bankruptcy court filing, United States Trustee Roberta ...

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Darrell Lea Appoints Administrators in Australia Seeking Sale - Bloomberg

07/09/12

The appointment of administrators in Australia is similar to a Chapter 11 bankruptcy filing in the U.S., designed to protect a company from lawsuits as it reorganizes and keeps operating. “We are undertaking an urgent review of the business ...

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Phoenix-area bankruptcy filings drop - AZCentral.com

07/09/12

Amid signs that consumers are getting a better handle on their finances, metro Phoenix bankruptcy filings fell another 27 percent in June. The 1,770 Phoenix area filings last month brought the total for the first half of the year to 10,867, down ...

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Patriot Coal files for bankruptcy protection - YAHOO!

07/09/12

after Bloomberg News reported that a bankruptcy filing was imminent. Patriot shares had traded as high as $24.99 last July. Its 8.25 percent notes maturing in 2018 closed down 8.5 cents on the dollar at 34.5 cents, yielding 35.7 percent, according to the ...

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Chinese Group to Buy Hawker Beechcraft - CNBC

07/09/12

Hawker in May filed for Chapter 11 bankruptcy protection and began reviewing options, including continuing as a standalone business or an outright sale. A reorganization plan filed in June would give control of the company to secured creditors, canceling ...

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Phoenix-area bankruptcy filings drop - AZCentral.com

07/09/12

Amid signs that consumers are getting a better handle on their finances, metro Phoenix bankruptcy filings fell another 27 ... with less pressure on consumer wallets. Chapter 7 filings, which allow debtors a fresh start after non-exempt assets ...

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Duke’s Restaurant owner loses ruling - Dayton Daily News

07/09/12

But the issue of monetary damages was never fully resolved, in part because Powers filed for personal bankruptcy. Powers’ Chapter 7 liquidation case is still pending in U.S. Bankruptcy Court in Dayton. The court of appeals decision upheld Rose’s ...

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Patriot Coal files for bankruptcy protection - Yahoo Finance

07/09/12

after Bloomberg News reported that a bankruptcy filing was imminent. Patriot shares had traded as high as $24.99 last July. Its 8.25 percent notes maturing in 2018 closed down 8.5 cents on the dollar at 34.5 cents, yielding 35.7 percent ...

[more]

American Airlines and US Airways Dance Around a Merger - New York Times

07/09/12

Mr. Horton put American’s parent, AMR, into Chapter 11 bankruptcy protection in November. Since then, US Airways has sought to merge with American to no avail — despite securing support for a deal from American’s own labor unions and many ...

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