Five hotels owned by investment fund Shamrock-Hostmark Hotel Fund LP filed for Chapter 11 bankruptcy Wednesday after they were unable to pay or negotiate an extension on loans that matured May 31. Each hotel has its own credit facility ranging ...
which was acquired by Rosneft as part of the Yukos bankruptcy proceedings. "The verdict of the court of the first instance in Moscow today is hardly surprising given the track record it has in relation to cases featuring Yukos since 2004 ...
A credit card company that I did not owe any money to and that was not included in my bankruptcy case canceled my card. I suddenly began getting a bunch of offers in the mail from auto dealerships and credit card companies offering to help me ...
Assante expects the sale will raise enough money to satisfy Eastern’s debt, which he listed as $1.85 million in court papers last fall, and even have some left over for unsecured creditors. Chief U.S. Bankruptcy Court Judge Cecelia G.
GM, the world’s top-selling automaker, just returned to public trading on the NYSE in 2010, after filing for and emerging from Chapter 11 bankruptcy, with the help of the U.S. government. Then, GM posted the largest annual profit in its ...
This guest post comes from Andrea Whitmer at So Over Debt. I've posted about my experience with Chapter 7 bankruptcy several times, including a detailed explanation of how bankruptcy works. One thing I haven't done, though, is talk much about how that ...
Tempe-based US Airways Group Inc. (NYSE: LCC) wants to merge with American before it comes out of Chapter 11 bankruptcy. "These negotiations have one goal in mind - to protect our members," Mayo said. "We return to the table knowing that the ...
Stockton, just 85 miles (135 km) east of San Francisco, is on the verge of bankruptcy after its housing boom went bust. Officials of this city of nearly 300,000 people say the court filing for Chapter 9 bankruptcy is likely by Friday afternoon.
The economic and social fallout will last for years. After the Chapter 9 bankruptcy filing, Stockton will find it hard - if not impossible - to tap America's $3.7 trillion municipal bond market. Although Stockton is poised to make history as the ...
As Loral fell into Chapter 11 bankruptcy protection, mainly as a result of its involvement with the original failed Globalstar business plan, Space Systems/Loral also thus fell into Chapter 11. However during this time Space Systems/Loral had been ...
