News

Hearings scheduled on reopening Cheboygan hospital - Syracuse Post-Standard

04/29/12

The hospital announced March 1 that it was filing for Chapter 11 bankruptcy protection after losing more than $7 million last year. It closed unexpectedly April 3 after a $5 million sale to McLaren fell through over licensing issues for Medicare and Medicaid services.

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Law firm Dewey dumps executive; talks with rival end - msnbc.com

04/29/12

Dewey, saddled by high debt, has been considering filing bankruptcy as a vehicle to merge with or be acquired by one or more firms. A person close to the firm told Reuters before news of Davis's ouster, that Dewey was close to securing a 90- to 120-day ...

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Hearings Monday on reopening Cheboygan hospital - Syracuse Post-Standard

04/29/12

CHEBOYGAN, Mich. (AP) — A federal bankruptcy judge has scheduled hearings Monday that could lead to reopening of Cheboygan Memorial Hospital, which closed after federal regulatory issues halted its sale four weeks ago. The hearings before Judge Daniel ...

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Dippin' Dots hopes for a comeback - AZCentral.com

04/29/12

on Wednesday for permission to take over the operations of Dippin' Dots Inc., which filed for Chapter 11 reorganization late last year. "We're going to keep making Dippin' Dots, so nobody needs to worry," said Curt Jones of Nashville ...

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Dewey LeBoeuf Said to End Greenberg Merger Talks - Businessweek

04/29/12

A bankruptcy plan approved in advance by creditors could ... Bienenstock, whose restructuring team represented Los Angeles Dodgers LLC in its sale to a group including former professional basketball player Magic Johnson, didn’t respond to ...

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Dan Knott, respected Chrysler purchasing chief, dies at age 51 after battle with cancer - Detroit Free Press

04/29/12

Knott became purchasing chief in December 2009 a few months after Chrysler emerged from Chapter 11 bankruptcy. At the time, many in the industry were skeptical about Chrysler's future. Chrysler’s relationship with parts suppliers also had ...

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Tax debt relief through bankruptcy discharge - Examiner

04/29/12

Despite the relief the bankruptcy code offers for individuals owing taxes, the code is not quite as forgiving for those who owe other types of taxes. For those who are liable for trust fund taxes — such as payroll tax withholding, sales tax ...

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Glendale could pay millions a year to keep Coyotes - Associated Press

04/29/12

Moyes' eventually put the team into bankruptcy protection in May 2009 ... A 2009 study the consultant completed for Glendale assumed all city sales-tax hauls at Westgate and fees from the arena would halt if the team left, adding up to a ...

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A Humbled Gap Tries a Fresh Coat of Pep - New York Times

04/29/12

In February and March, same-store sales shot past analysts’ expectations ... The company was close to bankruptcy, and Paul Pressler, a Disney executive, was brought in as C.E.O. Yet by then, rivals like Zara and Juicy Couture were challenging ...

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Shareholder tries to stop Uni-Solar sale by bankrupt parent Energy Conversion Devices - MLive.com

04/29/12

Shareholder John Austin Murphy of Lake Orion filed papers in federal bankruptcy court in the Eastern District of Michigan this week, saying the February Chapter 11 filing by ECD “destroyed the substantial value of the common stock.”

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