News

Hawker Beechcraft files restructuring plan - Reuters

07/02/12

Hawker Beechcraft, which was bought by Goldman Sachs Group Inc's (GS.N) private equity arm and Onex Corp (OCX.TO) in a leveraged buyout in 2007 for $3.3 billion, filed for Chapter 11 bankruptcy protection in early May. Both owners stand to lose ...

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Hawker Beechcraft files restructuring plan - msnbc.com

07/02/12

The PBGC is on the Official Committee of Unsecured Creditors and is the largest unsecured creditor in this bankruptcy case. The size of the pension claim could influence the success of the reorganization plan and help to allocate the equity that the ...

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PA lawmakers again deny bankruptcy option for state's capital - YAHOO!

07/02/12

were thwarted by state legislators over the weekend who extended the bankruptcy filing ban until November 30. "The legislature made a decision," Governor Tom Corbett told reporters late on Saturday after signing the bill and Pennsylvania's new $27.7 ...

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Syms Adds Rights Offering to Exit Plan, Wins Support - FOXBusiness

07/02/12

Syms Corp. (SYMSQ) said it struck a deal that will bring peace to its Chapter 11 case and propel the defunct discount retailer toward a bankruptcy exit, with a $25 million equity rights offering fronting the bill. After months of protests--most ...

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Sanko Steamship, Elpida Memory, PGB, China Medical: Bankruptcy - Bloomberg

07/02/12

Commerzbank’s Maritime Exit Raises Threat of Shipping Bankruptcy Commerzbank AG’s decision to ... equity in the coming three years to cover orders for new ships and sales and purchases of existing vessels, according to a January 26 ...

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Albany bankruptcy filings fall in first half of 2012 - The Business Journal

07/02/12

There were 51 business cases filed in the first half of 2011. About 40 were filed in the first part of this year. Overall, the bankruptcy court in Albany had 1,858 new cases through the first six months of this year. That marks a 17 percent drop ...

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Hawker Beechcraft files plan with bankruptcy court - Wichita Eagle

07/02/12

For several months leading up to the bankruptcy filing, the company and its investment banker, Perella Weinberg Partners, developed a comprehensive list of potential buyers and investors that could buy the company’s assets. Since the filing ...

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Dewey Docket Roundup: It Takes a Village, Part II - Wall Street Journal

07/02/12

Among the former Dewey folks now at Proskauer: bankruptcy lawyer Martin Bienenstock, architect of the firm’s restructuring efforts in the weeks leading up to its Chapter 11 filing. Dewey also owes the firm an estimated $36,300 for prior work ...

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Bankruptcy or Receivership, Triggering Events That Accelerate or Incre - Yahoo! Finance

07/02/12

The Company believes that any efforts to enforce the payment or other obligations under the Loan Agreement are stayed as a result of the bankruptcy filings. The Company also believes that the Chapter 11 filings described in Item 1.03 above will provide it ...

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Hawker Beechcraft filing hints at possible sale - The Business Journal

07/02/12

Follow this company — or some part of it — according to a weekend filing by the company in bankruptcy court. The June 30 filing, which became available to the public Monday, outlines steps the company has taken since its initial filing for ...

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