News

Tribune Creditors Drop Claims Against Small Shareholders - Bloomberg

05/07/12

Tribune, valued earlier this year by the company at more than $7 billion, owes creditors about $13 billion. The bankruptcy case is In re Tribune Co., 08-bk-13141, U.S. Bankruptcy Court, District of Delaware (Wilmington). To contact the reporter ...

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Treasury Throws Support Behind a ResCap Bankruptcy - Wall Street Journal

05/07/12

WASHINGTON—The Treasury Department has agreed to support a bankruptcy filing for the home-loan unit of government-owned lender Ally Financial Inc., if the company chooses to take that route, an official said Monday. A bankruptcy filing for ...

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Energy Conversion Devices Cancels Bankruptcy Auction, Plans Layoffs - Businessweek

05/07/12

The company said it will cut its workforce by about 300 employees world-wide and keep a small workforce to support the bankruptcy process and sale of its solar and other assets. The company said its investment banker, Quarton Partners ...

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Roberts' Tampa hotel files for bankruptcy - St. Louis Post-Dispatch

05/07/12

in Tampa is closed. The hotel's estimated assets range between $1 million and $10 million and its liabilities range between $10 million and $50 million, according to the bankruptcy filing. The Roberts Cos., led by brothers Michael and Steven Roberts ...

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Uni-Solar parent Energy Conversion Devices cancels bankruptcy auction, will lay off 300 - MLive.com

05/07/12

The company, which filed for Chapter 11 bankruptcy protection in February, said it is discontinuing the court-approved sale process after being unable to find an “acceptable, qualified bid” by the deadline. The company made the announcement ...

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Float Tech to be sold as part of Chapter 11 bankruptcy - Albany Times Union (blog)

05/07/12

Float Tech, the Troy company that makes a line of inflatable  life jackets, is being sold for roughly $1.5 million to the sister of CEO Judith Wheeler part of a Chapter 11 reorganization plan. Jacqueline Eastwood of Durham, N.H. who is buying Float Tech ...

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AP Source: Announcement expected on Coyotes sale - YAHOO!

05/07/12

Jamison still must complete negotiations on a lease with the city of Glendale, always the nagging issue in the league's attempts to sell the team, which the NHL purchased out of bankruptcy. The sale also would have to be approved by the league's board of governors.

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Treasury Would Support Bankruptcy Of Ally's ResCap Unit-Official - NASDAQ

05/07/12

WASHINGTON -(Dow Jones)- The U.S. Treasury Department has agreed to support a bankruptcy filing for the struggling home-loan unit of government-owned lender Ally Financial Inc., if the company chooses to take that route, an official said Monday.

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Sale of 'Octomom' house is delayed again - Wichita Eagle

05/07/12

This is the second sale postponement. Suleman recently began bankruptcy proceedings. Her case is scheduled for a hearing in Santa Ana's federal courthouse next month. A handful of buyers, on the steps of City Hall here, were outnumbered by ...

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Mortgage Investors Rebuffed in WaMu Bankruptcy - ABC News

05/07/12

The judge in Washington Mutual's bankruptcy case ruled Monday that a group of investors who are plaintiffs in a federal mortgage-backed securities lawsuit against WaMu cannot file a claim in the company's bankruptcy case until distributions are ...

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