News

U.S. Bankruptcy Administrator recommends three Jefferson County creditors for committee - Everything Alabama Blog

05/13/12

... a three-member committee be appointed to represent the interests of unsecured creditors in Jefferson County's bankruptcy case. J. Thomas Corbett, Bankruptcy Administrator for the Northern District of Alabama, last week filed the ...

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Report: LightSquared Preparing for Bankruptcy Filing - PC World

05/13/12

Negotiations between LightSquared and its lenders remained "far apart" over the weekend, leaving the beleaguered would-be data carrier likely to file for bankruptcy protection Monday, The Wall Street Journal reported Sunday, citing anonymous sources ...

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Phil Falcone's LightSquared preparing for potential bankruptcy filing: sources - New York Post

05/13/12

Hedge-fund manger Philip Falcone's LightSquared Inc. venture is preparing for a potential bankruptcy-protection filing, as negotiations with lenders to avoid a potential default faltered, according to people familiar with the matter. The two sides still ...

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Falcone's LightSquared Preps Bankruptcy Filing: Report - CNBC

05/13/12

Hedge-fund manger Philip Falcone's LightSquared venture is preparing for a potential bankruptcy protection filing, according to a report in the Wall Street Journal, citing people familiar with the matter. According to the report, negotiations with lenders ...

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One Million Americans Are “Too Poor” To Go Bankrupt - The Inquisitr

05/13/12

... Bankruptcy Abuse Prevention and Consumer Protection Act the cost of a bankruptcy continues to increase as government entities attempt to reign in the number of cases filed on an annual basis. Since that law took effect the number of ...

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Hawker: Plan to emerge from Chapter 11 by year end - Marketwatch

05/13/12

GENEVA -(MarketWatch)- U.S. business aircraft builder Hawker Beechcraft expects to emerge from its Chapter 11 protection from creditors by year-end and will be a much stronger company than it is now, a senior company official said Sunday.

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Hawker Beechcraft expects to emerge from Chapter 11 by year-end - My Fox Boston

05/13/12

GENEVA -- US business aircraft builder Hawker Beechcraft expects to emerge from its Chapter 11 protection from creditors by year-end and will be a much stronger company than it is now, a senior company official said Sunday. Speaking to journalists at the ...

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Hawker Beechcraft Expects To Emerge From Chapter 11 By Year-End - Executive - NASDAQ

05/13/12

GENEVA -(Dow Jones)- U.S. business aircraft builder Hawker Beechcraft expects to emerge from its Chapter 11 protection from creditors by year-end and will be a much stronger company than it is now, a senior company official said Sunday.

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Corporate Restructuring & Litigation Partner Todd Padnos Brings Insurance and Bankruptcy Expertise t - Melodika.net

05/13/12

Todd L. Padnos has joined Sheppard, Mullin, Richter & Hampton LLP as a partner in the firm's Business Trial and Finance and Bankruptcy practice groups, based in the firm's 90-attorney San Francisco office. Padnos joins from Dewey & LeBoeuf in Silicon Valley.

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Hawker Beechcraft To Exit Chapter 11 This Year - Aviation Week

05/13/12

Hawker Beechcraft expects to exit Chapter 11 bankruptcy protection before year-end. The May 3 filing will lead to the eliminaton of $2.5 billion in debt and will result in the company shedding $125 million in annual debt servicing requirements.

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