News

China’s Sino-Forest files for bankruptcy protection, plans sale or restructuring - Washington Post

03/30/12

TORONTO — Troubled Chinese timberland company Sino-Forest Corp., which was accused of fraud last year, is filing for bankruptcy protection and putting itself up for sale. Sino-Forest said Friday that if the company doesn’t receive a suitable takeover ...

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Ener1, Inc. Completes Financial Restructuring and Emerges From Chapter 11 - PR Newswire

03/30/12

NEW YORK, March 30, 2012 /PRNewswire/ -- Ener1, Inc. (the "Company") today announced it has completed its financial restructuring and successfully emerged from Chapter 11 bankruptcy as a privately-held company.  The U.S. Bankruptcy Court in the Southern ...

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Most Swisshelm restaurants open after bankruptcy filing - News-Leader.com

03/30/12

Documents included in the bankruptcy filing indicate Swisshelm sold his stake in the Ebbets Field properties in November to Rob Bolks of Springfield. Bolks declined to comment about whether a sale had occurred, but told the News-Leader Thursday ...

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American Air parent reports $619 mln February loss - Reuters

03/30/12

The company filed for Chapter 11 on Nov. 29, citing a need to cut its labor costs to better compete with profitable rivals. AMR said its operating revenue amounted to $1.8 billion for the month and it spent $682 million on fuel. The company said ...

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Philadelphia papers' sale could be announced Monday - The News & Observer

03/30/12

PHILADELPHIA The sale of the Philadelphia Inquirer ... hedge funds acquired the media company for $139 million in a 2010 auction overseen by U.S. Bankruptcy Court. The company, which had been purchased for $515 million in June 2006 by a ...

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Kodak Theatre Needs a New Name - Daily Finance

03/30/12

When Eastman Kodak (OTC: EKDKQ.PK) filed for Chapter 11 bankruptcy protection in January, the photo veteran needed to find cash and cut costs -- fast. One of its first actions was to cancel the sponsoring relationship with the Kodak Theatre ...

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Sino-Forest plans bankruptcy filing - Financial Times

03/30/12

Sino-Forest, the Chinese forestry company plagued by accusations of overstating its assets, intends to file for bankruptcy protection and sue research group Muddy Waters for $4bn in damages over the claims of fraud that preceded its failure. The group ...

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Sino-Forest seeks approval for sale or restructure - Reuters

03/30/12

(Reuters) - Sino-Forest Corp (TRE.TO) has asked a Canadian bankruptcy court to approve an agreement providing for either the sale of the embattled Chinese forestry company to a third party, or a restructuring enabling note holders to acquire ...

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Restaurant owner's bankruptcy filing lists gambling debts - KYTV

03/30/12

SPRINGFIELD, Mo. -- The owner of several area restaurants faces major gambling debts, which appears to be a major reason that he filed for bankruptcy this month. Bruce Swisshelm operated a variety of restaurants including the now-closed Fog City ...

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Sino-Forest May Seek Sale of Company, Files for Bankruptcy - Bloomberg

03/30/12

Sino-Forest Corp. (TRE) said it plans either a sale of the company or a restructuring under which noteholders would acquire substantially all of its assets. The company filed for approval for a court-supervised restructuring process to stay some ...

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