U.S. Bankruptcy Judge Kevin Carey in Wilmington, Delaware, today approved guidelines that will govern the asset sale. Carey also gave RG Steel permission to borrow $50 million to help fund operations while it pursues a sale. RG Steel resolved ...
RG Steel LLC has reached an agreement with its unsecured creditors committee to extend the sale of the bankrupt steelmaker's assets. Privately held RG Steel is the nation's fourth-largest flat-rolled steel manufacturer. It sought bankruptcy ...
An initial bankruptcy financing agreement with secured lenders who are owed some $450 million and have liens on most of RG Steel's assets required a quick sale process, including selling a steel mill in Sparrows Point, Md., by July 27.
The company will now have up to Aug. 24 to close the sale of the mills, rather than July 27 as originally proposed, Shaunna Jones, another Willkie Farr attorney, said at the hearing. The deadline was set by terms in the company's bankruptcy loan ...
Law360, New York (June 21, 2012, 4:48 PM ET) -- Bringing an end to a yearlong stint in New York bankruptcy court, a judge on Thursday closed Sbarro Inc.'s Chapter 11 case following her November confirmation of the pizza chain's restructuring plan, which ...
Salazar focuses his practice on bankruptcy, litigation, new media and data privacy. He recently led the Chapter 11 reorganization efforts of numerous well-known companies, including Fine Air and First Foliage, and spear-headed litigation clients ...
This is the standard that is used to determine if you can file for a Chapter 7 bankruptcy -- where your debt is forgiven -- or not. You'll be better off if you can work something out with the lender. I understand your desire not to work with your lender.
Black, of Graydon, Head and Ritchey, has been an attorney for 37 years, working in areas including estate and trust litigation, bankruptcy, and environmental litigation. His community involvement includes stints as board president of the ...
U.S. Bankruptcy Judge Sean Lane is supposed to rule by the end ... But because the parties took a two-week break between American’s presentation of its case and the beginning of the unions’ presentations, the decision deadline was extended two weeks ...
