News

Sino-Forest files for bankruptcy protection, plans sale or restructuring - News1130.com

03/30/12

TORONTO - Troubled Chinese timberland company Sino-Forest Corp. (TSX:TRE), which has been accused of fraud, is filing for bankruptcy protection and putting itself up for sale. Sino Forest said Friday if it doesn't receive a suitable takeover ...

[more]

AMR Corp. has lost $1.76B since filing for bankruptcy - The Business Journal

03/30/12

The loss in February included $375 million in expenses related to its bankruptcy case, the Morning News reported. AMR, parent to American Airlines and regional carrier American Eagle, has proposed a plan to return to profitability that includes ...

[more]

Emanuel pushing $7.3 billion plan to rebuild Chicago’s infrastructure - Chicago Sun-Times

03/30/12

We are under court-supervised Chapter 11. We are very willing to listen to the city and engage in conversation but our immediate focus is on coming out of restructuring a strong and vigorous competitor in the Chicago market.” Emanuel is giving his ...

[more]

Azure Dynamics files for protection, Transit Connect Electric production halted - Autoblog

03/30/12

The Board of Directors of the Company has also authorized the filing of a voluntary petition under Chapter 15 of title 11 of the United States Bankruptcy Code to seek recognition and enforcement in the United States of the Initial Order ...

[more]

Legal malpractice claims rise as need for specialization increases - The Business Journal

03/30/12

For the company’s three branches and about 40 to 50 employees, Bingham calls on the expertise of no less than seven attorneys for aid with construction law, bankruptcy and general litigation, among others. That type of legal expertise is necessary to ...

[more]

Elpida Bid, Eircom Protection, MF Global U.K. Cash: Bankruptcy - BusinessWeek

03/30/12

(This report contains items about companies both in bankruptcy and not in bankruptcy ... Co. and fend off Micron Technology Inc. as chip prices are damped by slowing PC sales. “Participating in the initial stage of bidding was a must for Hynix because ...

[more]

AMR Corp. has lost $1.76B since filing for bankruptcy - The Business Journal

03/30/12

The loss in February included $375 million in expenses related to its bankruptcy case, the Morning News reported. Earlier this month, American Airlines asked the bankruptcy court to allow it to reject its labor agreements with unions representing workers ...

[more]

Hawker Beechcraft Bankruptcy Rumors Growing - Aviation Week

03/30/12

Wall Street remains wary and rumors are heightening about a potential Chapter 11 bankruptcy filing in the wake of Hawker Beechcraft’s announced agreement with lenders that provides a short-term reprieve from upcoming interest payments.

[more]

Hawker Beechcraft Bankruptcy Rumors Growing - Aviation Week

03/30/12

Wall Street remains wary and rumors are heightening about a potential Chapter 11 bankruptcy filing in the wake of Hawker Beechcraft’s announced agreement with lenders that provides a short-term reprieve from upcoming interest payments.

[more]

Hawker Beechcraft Bankruptcy Rumors Growing - Aviation Week

03/30/12

Wall Street remains wary and rumors are heightening about a potential Chapter 11 bankruptcy filing in the wake of Hawker Beechcraft’s announced agreement with lenders that provides a short-term reprieve from upcoming interest payments.

[more]