News

Hostess Brands bankruptcy could cost 300 Bay State jobs - Boston Herald

05/10/12

The notices were sent to alert employees that a sale or wind down of the company is possible in the future,” the Irving, Texas-based company said in a statement. “However, our goal is still to emerge from bankruptcy as a growing company and there are ...

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Hostess warns of job cuts if bankruptcy exit fails - Winston-Salem Journal

05/10/12

Hostess, which makes Twinkies, Sno Balls and Wonder Bread, re-entered Chapter 11 bankruptcy protection on Jan. 11 – its second filing in less than a decade – as part of a tactic to lower labor and operational costs amid increased competition.

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Hostess Brands, amid bankruptcy proceedings, sends layoff warnings to 381 Michigan employees - MLive.com

05/10/12

The company entered Chapter 11 bankruptcy in January. “The notices were sent to alert employees that a sale or wind-down of the company is possible in the future,” spokesman Erik Halvorson said in a statement. “However, our goal is still ...

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The Law Office of James C. White Releases Podcast About How Loan Modifications Can be Risky - PR-USA.net

05/10/12

The Law Office of James C. White (http://jcwhitelaw.com), a law firm based in Durham, N.C., focusing on civil litigation and bankruptcy, has announced the release of a podcast on home loan modifications and mortgage options. In the podcast, James C.

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Jeremy Mayfield’s wife files for bankruptcy - Sporting News

05/10/12

Mayfield’s wife filed the Chapter 7 bankruptcy petition Wednesday in U.S Bankruptcy Court in North Carolina. She lists assets (not including any exempt property) of under $50,000 and liabilities of between $1 million and $10 million.

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Broadband parent company files Chapter 11 - Orange County Register

05/10/12

Connexion Technologies filed for Chapter 11 bankruptcy protection on April 26, 2012. Connexion is the parent company of Broadband Services, which provides cable television and digital phone services to Laguna Woods Village. Connexion ...

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Pfizer’s Quigley Still Seeks to Reorganize, Lawyer Says - Bloomberg

05/10/12

Bernstein had ruled in bankruptcy court that Quigley’s Chapter 11 case barred certain lawsuits against Pfizer. A May 2011 decision in district court reversed the order, and Pfizer had appealed that ruling. “We affirm the district court ...

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Bidders make offers to buy bankrupt Hostess - New York Post

05/10/12

Privately owned Hostess filed for bankruptcy in January — the second time in the past decade. Hostess owes more than $860 million to lenders, mainly hedge funds that have the right to block the sale of the company. Hostess and the powerful Teamsters ...

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The Daily Docket: Vegas Developer Looks to Shed $500M Debt - Wall Street Journal

05/10/12

Ally Financial Inc. subsidiary Residential Capital LLC is nearing a bankruptcy filing, The Wall Street Journal reports. According to WSJ, Micron Technology Inc. said it’s talking with Elpida Memory Inc.’s trustees about acquiring the Japan ...

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Bankas Snoras AB : Update on the sale of Finasta Group and SNORO Lizingas - 4-traders (press release)

05/10/12

The Bankruptcy Administrator of BAB Bankas SNORAS can today confirm that final negotiations with investors are taking place over the sale of Finasta Group and SNORO Lizingas. The Finasta Group negotiations concern the sale of seven companies including the ...

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