News

Federal Bankruptcy Court Dismisses Petition Against VitaminSpice, Inc. - Yahoo Finance

04/25/12

April 25, 2012 /PRNewswire/ -- VitaminSpice, Inc. (VTMS.PK)  announces that the Federal Bankruptcy Court for the Eastern ... to hear VitaminSpice's "Bad Faith" Motion regarding the Filing of the petition.  The Motions filed before this ...

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Four-Time Chapter 11 Champ Donald Trump: ‘Monstrous’ Wind Turbines Will Make Scotland ‘Go Broke’ - Think Progress

04/25/12

Donald Trump is on a warpath against wind turbines, because they may obstruct the view of his billion-dollar golf resort in Scotland. Protesters greeted Trump today as he asked Scotland to abandon a project to build 11 offshore turbines.

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Maclaren Bankruptcy Trustee Demands Answers - Wall Street Journal

04/25/12

When Maclaren USA entered bankruptcy in December, its Chapter 7 filing made for a lot more questions about what the company was doing in bankruptcy than it provided answers—questions that have remained largely unanswered since. Why did sales ...

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Onion Company’s President Cries Out Against Lender - Wall Street Journal

04/25/12

Larson said that he “would not voluntarily convert to Chapter 7 and that he was not willing to do a ‘f—ing’ thing to help,” a federal bankruptcy watchdog wrote in a court filing after discussing the situation with one of the company’s lenders.

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AMR needs standalone bankruptcy plan: adviser - Reuters

04/25/12

"In my view, it makes no sense to put all your eggs in one basket, to pursue one alternative without looking at an array of options," Resnick said during testimony in U.S. Bankruptcy Court in Manhattan. "The base case against which to compare ...

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Fees in AMR/AA bankruptcy have gone over $30 million - Dallas Morning News (blog)

04/25/12

With the filing of a monthly fee request from law firm Paul Hastings, the total requested so far in the AMR/American Airlines bankruptcy case has now surpassed $30 million -- $30,333,128.98, to be precise, by our counting. Of course, there's a lot more to ...

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Redwood City-based Shutterfly close to buying Kodak Gallery, stock leaps - San Jose Mercury News

04/25/12

Shutterfly offered to buy Kodak Gallery after Eastman Kodak filed for Chapter 11 bankruptcy protection in January. Other bidders had until April 20 to come forward. Kodak has said it is narrowing its focus to its core printer businesses.

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WRAPUP 3-Delta, US Air post losses, but say demand solid - Reuters UK

04/25/12

The results at Delta and US Airways follow operating losses reported last week by Southwest Airlines Co and American Airlines parent AMR Corp, which had heavy expenses tied to its reorganization as it operates under Chapter 11 bankruptcy protection.

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Americans Struggle With Student Debt, Even After Filing For Bankruptcy - Huffington Post

04/25/12

-- The misfortunes that brought schoolteachers Devin and Sarah Stang and their four young children to bankruptcy – and the loss of their house and a car in the process – were their own unique story. They bought the house at just the wrong time.

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US Airways execs: American Airlines merger would bring $1.2 billion-plus in benefits - Dallas Morning News (blog)

04/25/12

creditors in the case of AMR, both companies' employees, our customers and the communities we serve. AMR, however, has made it clear, they would like to focus only on their standalone emergence from bankruptcy. So while we would prefer to be working in ...

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