Chapter 9 no ‘panacea’ for cities The RIPEC study offers only a lukewarm endorsement of the bankruptcy option for municipalities. Filing for Chapter 9 would offer Providence and other places “some advantages,” the study says, mostly ...
THE HEADLINE: Ground beef processor AFA Foods is filing for Chapter 11 bankruptcy protection and selling its assets after the public outcry over the beef filler known as "pink slime" derailed its efforts to save its struggling business. THE BACKGROUND ...
In a news release, Pinnacle Airlines Corp. says that it and its subsidiaries have filed for Chapter 11 bankruptcy protection. A prominent U.S. investment bank and one of Israel’s biggest banks face lawsuits demanding the return of nearly $54 ...
A California solar energy company that was unable to meet a deadline for an Energy Department loan guarantee last year has sought bankruptcy protection in Delaware. Solar Trust of America's Chapter 11 filing on Monday listed assets between $1 million and $ ...
The main case is In re Solar Trust of America LLC, 12-11136, U.S. Bankruptcy Court, District of Delaware (Wilmington). To contact the reporters on this story: Dawn McCarty in Wilmington at [email protected]; Phil Milford in Wilmington ...
The sale results will go before a U.S. Bankruptcy Court judge for consideration on Thursday afternoon. After an hour of bidding, Dr. Scott Rifkin, who was heading Baltimore Community Publishing, LLC, made no offer after his $1.25 million ...
WILMINGTON, Del. (AP) — A California solar energy company that was unable to meet a deadline for an Energy Department loan guarantee last year has sought bankruptcy protection in Delaware. Solar Trust of America's Chapter 11 filing on Monday ...
Beef products company AFA Foods said Monday that it is filing for Chapter 11 bankruptcy protection and selling its assets after the public outcry over the beef filler known as "pink slime" derailed its efforts to save its already struggling business.
It has secured $56 million in bankruptcy financing, which it said will allow it to continue the rest of its operations during its Chapter 11 case. The company had struggled to return to profitability, it said, but had negotiated a debt extension ...
set up what General Maritime hopes is a rapid exit from bankruptcy in a case that a company lawyer called "a melting ice cube" at a February hearing. General Maritime is rushing to get confirmation of its bankruptcy plan, which is backed by a $ ...
