News

Springfield’s Fischer Hardware battles to survive; says Ace Hardware led it on path to bankruptcy - Washington Post

05/07/12

And then the store spiraled straight down a financial sinkhole into bankruptcy, for which the Ewerses filed ... the counter-claim states. The Ewerses filing argues that an Ace official told one of his marketing development managers to ...

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Drumm's wife to walk away with €1m after bankruptcy deal in US - Independent

05/07/12

As part of a bankruptcy case court deal agreed in the US, Lorraine Drumm will pay a settlement of almost €1m to the official managing her husband's bankruptcy case. She will then be entitled to keep a share of the rest of the assets owned jointly with her husband.

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Puzzling plea deal for former federal bankruptcy trustee - Seattle Times

05/07/12

The criminal case against Steinberg began in 2009 when the whistle-blowers — whose 2006 bankruptcy was overseen by Steinberg — took their concerns to the U.S. Office of the Trustee in Seattle, which examined dozens of his cases, one of which ...

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HUSA Liquidating Corporation Announces Bankruptcy Court Approval of Liquidation Plan - Miami Herald

05/07/12

... under Chapter 11 of the United States Bankruptcy Code in the Bankruptcy Court. Subsequently, on July 29, 2011, the Company conducted a Section 363 auction for the sale of substantially all of its assets and, as a result of that auction ...

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Preliminary Deal for Sale of Coyotes - New York Times

05/07/12

The N.H.L. bought the Coyotes out of bankruptcy in 2009 for about $140 million and plans ... attend Game 5 of the team’s series with the Nashville Predators. Any sale of the team is contingent on receiving financing from the city of Glendale ...

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Bankruptcy doesn't affect Betty's Pies flagship shop - Minneapolis Star Tribune

05/07/12

A Chapter 7 filing permits a liquidation of assets under the U.S. Bankruptcy Code. Martha Sieber and a co-partner, Carl Ehlenz, opened a Betty's Pies outlet in Mahtomedi in 2008, but the store closed late last year after a Washington County ...

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Market Street bankruptcy hearing moved to May 29 - nola.com

05/07/12

Market Street Properties filed for Chapter 11 bankruptcy protection in December 2009 to deal ... of the size of the pool of unsecured creditors. In the original filing, Market Street had estimated that unsecured creditors had about $23.9 million ...

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Ally Said to Receive Treasury Assent on ResCap Bankruptcy - Bloomberg

05/07/12

Detroit-based Ally, formerly known as GMAC, confirmed last month that ResCap is considering bankruptcy and said Ally’s loss ... held by a trust for General Motors Co. (GM) and 8.7 percent owned by Cerberus Capital Management LP, the New ...

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Phoenix-area bankruptcy filings decline in April - AZCentral.com

05/07/12

Valley bankruptcies in April fell 27 percent from the same month in 2011, continuing what has become a two-year improvement trend. The 1,999 filings for April reported by the U.S. Bankruptcy Court in Phoenix compared with 2,748 in April 2011.

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'Business as usual' despite Chapter 11 bankruptcy - Hawker Beechcraft - Flight Global.com

05/07/12

Senior company executives say it is "business as usual" at Hawker Beechcraft, which on 3 May opted to enter Chapter 11 bankruptcy protection in an attempt to eliminate more than $2.5 billion of debt, restructure its balance sheet and renegotiate contracts ...

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