News

Kodak’s 1st Quarter Results Show Improvement in Segment Profitability and Reduced Operating Costs - Yahoo Finance

04/27/12

Kodak’s liquidity improved, ending the first quarter with a cash balance of $1.4 billion, up $500 million from year-end 2011, as a result of $600 million in net new financing, utilization of the Chapter 11 process, and reduced year-over-year ...

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Capitol Infrastructure, Pay TV Provider, Files Bankruptcy - Bloomberg

04/27/12

Capitol listed debt of as much as $500 million, including at least $87.7 million in secured loans, in court papers filed yesterday in U.S. Bankruptcy Court in Wilmington, Delaware. After a five-year turnaround effort, the company concluded ...

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Eastman Kodak posts 1Q loss of $366M, revenue falls - Washington Post

04/27/12

The Rochester, N.Y.-based company, which is in the process of restructuring under Chapter 11 bankruptcy protection, says it net loss was $366 million, or $1.35 per share, for the January-March period. That is larger than its net loss of $246 million ...

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Lehman elite stood to get $700 million - Los Angeles Times

04/27/12

The documents, which were among the millions of pages submitted in Lehman's bankruptcy, show the list of top earners each were pledged $8 million to $51 million in cash, stock and other compensation. How much, if any, of the stock was cashed in ...

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Ex-Congress candidate Bill Hudak declares bankruptcy, blames Obama - Boston Herald

04/27/12

Bill Hudak of Boxford, who mounted an unsuccessful bid for Congress in 2010, filed for Chapter 7 bankruptcy protection Thursday. According to bankruptcy documents, Hudak’s average monthly income is about $13,900, while his monthly expenses are just under $20,000.

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Report: Betsey Johnson Label Files For Chapter 11 - NY1

04/27/12

Declining sales and poor performance at its chain stores are forcing funky fashion designer Betsey Johnson's namesake company to file for chapter 11 bankruptcy protection. A source tells the Wall Street Journal the company will have to close 63 stores.

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James Scott Farrin Launches Bankruptcy Section of Web Site - YAHOO!

04/27/12

Consumers will be able to find information on the site about bankruptcy procedures in North Carolina. Anyone who is considering filing for bankruptcy in North Carolina can find an array of useful information and resources to become more informed.

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The Daily Docket: Betsey Johnson Enters Bankruptcy - Wall Street Journal

04/27/12

the Federal Reserve Bank of New York sold $7.5 billion in securities to Deutsche Bank AG and Barclays PLC, WSJ reports. Now that it’s filed for bankruptcy, Pinnacle Airlines is facing more scrutiny from federal aviation safety inspectors ...

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New Bankruptcy Documents Reveal Outsize Pay at Lehman Before Collapse - New York Times

04/27/12

But new documents from the Lehman bankruptcy case reveal the extraordinary compensation bestowed upon dozens of the bank’s employees in the years leading up to its demise in September 2008. Wall Street critics blame the outsize salaries of ...

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Ex-Congress candidate Bill Hudak declares bankruptcy, blames Obama - Boston Herald

04/27/12

Bill Hudak of Boxford, who mounted an unsuccessful bid for Congress in 2010, filed for Chapter 7 bankruptcy protection Thursday. According to bankruptcy documents, Hudak’s average monthly income is about $13,900, while his monthly expenses are ...

[more]