News

Sonya Dakar’s Famed Hollywood Spa Enters Chapter 11 - Wall Street Journal

05/03/12

The parent company of Sonya Dakar Skin Clinic, swanky West Hollywood spa to the stars, filed for Chapter 11 protection Tuesday. Founded by esthetician Sonya Dakar in 1971, Sonya Dakar Skin Clinic’s first celebrity client was Drew Barrymore.

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Hawker Beechcraft files Chapter 11 bankruptcy - KSN.com

05/03/12

WICHITA, Kansas --Aircraft maker Hawker Beechcraft has filed for Chapter 11 bankruptcy protection in New York as it works to restructure its massive debt amid sluggish demand for the military planes and business jets it makes. Hawker Beechcraft says it ...

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LA collects $2.65M in taxes owed by hotel - San Francisco Gate

05/03/12

The city's collection efforts prompted the owners to seek Chapter 11 bankruptcy protection in April 2011. The hotel was sold to new owners in August 2011. The tax payment comes as part of a settlement reached to settle claims against the bankrupt hotel.

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Hawker Beechcraft seeks protection - Financial Times

05/03/12

Hawker said it had reached the voluntary agreement with the majority of its creditors to eliminate $2.5bn debt and $125m of annual interest payments and raised $400m to fund its operations during the Chapter 11 restructuring process. If the plans are ...

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Judge Confirms General Maritime's Chapter 11 Plan - Smart Money

05/03/12

NEW YORK -(Dow Jones)- A judge on Thursday confirmed General Maritime Corp.'s (GMRRQ) plan to exit bankruptcy controlled by private equity firm Oaktree Capital Management LP, the company's top lender before its Chapter 11 filing. Judge Martin ...

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Hawker Beechcraft Files For Ch. 11 Bankruptcy Protection - KAKE TV

05/03/12

We’re continuing to follow the breaking news of Hawker Beechcraft filing for bankruptcy protection today. The planemaker reached a debt restructuring agreement it says will keep it in business. As horrible as bankruptcy sounds, for Hawker ...

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Hutchison Whampoa Said to Bid EU2 Billion for Eircom - Bloomberg

05/03/12

Eircom on March 30 went into examinership, an Irish variant of U.S. Chapter 11 bankruptcy protection, in the biggest corporate insolvency in Irish history, with about 3.8 billion euros of net debt. Customers have cut spending or ditched their ...

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Hawker Beechcraft files for bankruptcy protection - Times and Democrat

05/03/12

Aircraft maker Hawker Beechcraft filed for bankruptcy protection Thursday after reaching agreement with the majority of its secured lenders and bondholders on a plan to restructure its massive debt. Hawker Beechcraft, which is based in Wichita, Kan.,

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MF Global Trustee Begins Litigation In UK Over Customer Assets - 4-traders (press release)

05/03/12

The trustee unwinding MF Global Holdings Inc.'s (>> MF Global Holdings Ltd) brokerage said Thursday that litigation has begun in the U.K ... has been missing since its parent company filed for bankruptcy Oct. 31. "As the advocate for all former customers ...

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Hawker Beechcraft files Chapter 11 bankruptcy - msnbc.com

05/03/12

Aircraft maker Hawker Beechcraft has filed for Chapter 11 bankruptcy protection in New York as it works to restructure its massive debt amid sluggish demand for the military planes and business jets it makes. Hawker Beechcraft says it entered ...

[more]