News

Dynegy Joins Subsidiary in Chapter 11, Sets Merger - Wall Street Journal

07/06/12

Dynegy Inc. Friday put itself into Chapter 11 bankruptcy protection, a procedural move made as part of a settlement with creditors of Dynegy Holdings LLC, the company's main operating subsidiary, with which Dynegy Inc. will merge. Shortly ...

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Dynegy files for Chapt. 11; stock is suspended - Marketwatch

07/06/12

Dynegy Inc. (DYN) on Friday put itself into Chapter 11 bankruptcy protection, a procedural move made as part of a settlement with creditors of Dynegy Holdings LLC, the company's main operating subsidiary, with which Dynegy Inc. will merge.

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Biolex execs gone before filing - The Business Journal

07/06/12

Prior to filing its bankruptcy papers, Biolex tried cutting expenses by laying off the company’s two top executives, CEO Jan Turek and CFO Dale Sander, the filing reveals. They were terminated on May 15. The only executives not listed in the ...

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The Broke and the Beautiful: Hot Edition - Wall Street Journal

07/06/12

Redwood Lanes hasn’t been spared from bankruptcy. According to the Business Review, the New York bowling alley, which hosted the first live telecast on ABC of a Professional Bowlers Tour half a century ago, filed its Chapter 7 bankruptcy ...

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Embattled Dynegy files for Chapter 11 - Financial Times

07/06/12

Dynegy, the Texas power generator that has been the subject of a prolonged battle for control, has filed for Chapter 11 bankruptcy protection as it attempts to resolve one of the most complex and acrimonious corporate situations of recent years. The ...

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NYSE suspends Dynegy after bankruptcy filing - Marketwatch

07/06/12

NEW YORK (MarketWatch) -- The New York Stock Exchange on Friday suspended trading in Dynegy Inc. after a unit of the power producer filed a reorganization plan under Chapter 11 of the U.S. Bankruptcy Code in the Southern District of New York ...

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Specialty Products Trustee Objects To More Asbestos Attys - site.law360.com

07/06/12

Law360, New York (July 06, 2012, 2:22 PM ET) -- The trustee in Specialty Products Holdings Corp.'s bankruptcy told a Delaware bankruptcy ... and Simon Greenstone Panatier Bartlett PC as special litigation counsel for a hearing to estimate the bankrupt ...

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Bankruptcy or Receivership, Financial Statements and Exhibits - Yahoo! Finance

07/06/12

Pursuant to the Amended Agreements, on June 8, 2012, the Plan Proponents filed a Third Amended Chapter 11 Plan of Reorganization (the "Third Amended Plan") and a related disclosure statement for DH with the Bankruptcy Court. On June 18, 2012, the Plan ...

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Bankruptcy Looming for Artega Sports Car Manufacturer - Automobile

07/06/12

Artega is filing for bankruptcy after talks with an Asian investor fell through, according to the automaker’s website. The sports car maker plans to resume normal operation with its 34 employees while talks with other investors carry on. Artega’s ...

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Americans Too Broke To Go Bankrupt? US Bankruptcy Filings On Pace To Fall To Pre-2008 Level - International Business Times

07/06/12

But this year, with weak job gains and stagnant wage growth, many Americans may find themselves too broke to even file for Chapter 7 bankruptcy protection -- the most common way that consumers seek protection from their creditors. As a result ...

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