News

Lumber Products lays off 65 workers - The Business Journal

05/03/12

Lumber Products Lumber Products Latest from The Business Journals Lumber Products agrees to Chapter 11 filing Buzz Oates buys former lumber warehouse for .25M Huntair Inc. and Lumber Products swap buildings Follow this company, which filed for ...

[more]

Chapter 11 - Aviation International News

05/03/12

Hawker Beechcraft announced at 3:30 p.m. EST today that it has reached an agreement with a “significant number” of its senior secured lenders and senior bondholders on the terms of a financial restructuring plan that will “strengthen the company for ...

[more]

Hawker Beechcraft Files For Chapter 11 Bankruptcy - FOXBusiness

05/03/12

Aircraft manufacturer Hawker Beechcraft Inc. filed for bankruptcy protection Thursday, after striking a deal with creditors to swap some $2 billion in debt for control of the reorganized company. Hawker, based in Wichita, Kan., and 17 affiliates ...

[more]

Hawker Beech Files for Chapter 11 Bankruptcy Protection - Aviation International News

05/03/12

Hawker Beechcraft announced at 3:30 p.m. EDT today that it has reached an agreement with a “significant number” of its senior secured lenders and senior bondholders on the terms of a financial restructuring plan that will “strengthen the ...

[more]

Hawker Beechcraft Files for Chapter 11 - Wall Street Journal

05/03/12

Aircraft manufacturer Hawker Beechcraft Inc. sought bankruptcy protection Thursday, after striking a deal with creditors to swap some $2 billion in debt for control of the reorganized company. Hawker, based in Wichita, Kan., and 17 affiliates filed for ...

[more]

UPDATE 1-General Maritime expects to emerge from bankruptcy in May - Reuters UK

05/03/12

The reorganization plan, filed with the U.S. Bankruptcy Court for the Southern District of New York, was unanimously approved by the company's senior lenders. The New York-based company had filed for Chapter 11 bankruptcy protection in November ...

[more]

Hawker Beechcraft files for Chapter11 bankruptcy - YAHOO!

05/03/12

Once the Chapter 11 filing is approved, equity ownership in Hawker Beechcraft will be transferred to holders of the secured debt, bond debt and certain other unsecured creditors. Reuters reported in March that Hawker was negotiating a prearranged ...

[more]

Hawker Beechcraft files for Chapt.11 bankruptcy - Reuters

05/03/12

Once the Chapter 11 filing is approved, equity ownership in Hawker Beechcraft ... Reuters reported in March that Hawker was negotiating a prearranged bankruptcy with its largest lenders, which include Centerbridge Partners, Angelo Gordon and ...

[more]

Report: Hawker Beechcraft close to filing bankruptcy - Kansas City Star

05/03/12

Hawker Beechcraft could file for Chapter 11 bankruptcy as early as today, a Wall Street Journal article said Wednesday. The company is in the final stages of preparing a “pre-arranged bankruptcy” and is expected to hand ownership over to ...

[more]

Hawker Beechcraft files for Chapter 11 bankruptcy - KWCH.com

05/03/12

Other airlines, including Delta and United have undergone reorganization to cut costs and restructure. Chapter 11 is different than Chapter 7. In a Chapter 7 bankruptcy, a company ceases all operations and assets are sold off.

[more]