News

Apple filing could delay Kodak patent sale - in.news.yahoo.com

06/29/12

Kodak is trying to sell it fast, and remain in compliance with a $950 million bankruptcy loan. But in a filing with the U.S. District Court in Manhattan, Apple said the dispute should be reviewed by a jury in a federal district court, not as Kodak wishes ...

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Solyndra asks Delaware judge for more time to file bankruptcy plan - Washington Post

06/29/12

DOVER, Del. — A California-based solar panel manufacturer that received a half-billion dollar loan from the federal government before filing for bankruptcy protection is asking for more time to file a reorganization plan. An attorney for Solyndra LLC ...

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American Airlines Parent Asks Court to Approve Jet Buys - NASDAQ

06/29/12

American Airlines parent AMR Corp. (AAMRQ) has asked its bankruptcy judge for assurance its Chapter 11 case won't get in the way of its plans to purchase as many as 14 airplanes made by Boeing Co. (BA) next year to refresh its aging fleet.

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Stockton, California, Seeks Bankruptcy After Talks Fail - Bloomberg

06/29/12

Ten of 42 cases filed since 1981 came in the past four years, according to court records. The biggest municipal bankruptcy was filed last year by Jefferson County, Alabama, which is trying to restructure $4.2 billion in debt, most of which is ...

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Nebraska Book emerges from Chapter 11, still planning growth - Lincoln Journal Star

06/29/12

Nebraska Book Co. Inc., one of Lincoln's oldest companies, emerged from Chapter 11 bankruptcy Friday, smaller, less debt-ridden and under new ownership, but with a commitment to renew aggressive growth in the tough and changing world of college retailing.

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UPDATE 1-Judge gives a win to Wall St in Alabama bankruptcy - Reuters

06/29/12

fees for its bankruptcy case, and other capital expenses. In a 43-page written ruling issued in Birmingham, Alabama, Bennett said the county had claimed that average monthly operating expenses for the sewer system had risen 92 percent since ...

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Stockton Threatens to be First City to Stiff Bondholders - Bloomberg

06/29/12

Since at least 1981, and possibly as far back as the 1930s, no U.S. municipality has used bankruptcy to force bondholders to take less than the full principal due, according to experts and court records. Before the June 28 court filing ...

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Jersey City community group seeks conditions on Christ Hospital sale - NJ.com

06/29/12

Hudson Holdco, the owners of Bayonne Medical Center and Hoboken University Medical Center, purchased the financially distressed Palisade Avenue hospital for $43.5 million in March after Christ Hospital filed for bankruptcy. The sale, given the ...

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The Broke and the Beautiful: Octomom Redux Edition - Wall Street Journal

06/29/12

Suleman, whose bankruptcy case was dismissed after she failed to file the proper paperwork, wouldn’t talk about the foreclosure but said she’d be grateful for a bit more time in her house. But “the goal is to move as soon as possible ...

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Friendly’s Gets Poor Marks Post-Bankruptcy - Wall Street Journal

06/29/12

The company, known for its signature Fribble milkshakes and hearty SuperMelt sandwiches, capped its three-month-long bankruptcy case with a sale to its prebankruptcy private equity firm owner, Sun Capital Partners Inc. It wasn’t the only ...

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