News

More Professionals May Join SME Bankruptcy Payroll - KFBB NewsChannel 5

03/28/12

Details in the Southern Montana Electric bankruptcy case continue to come out. The co-op is about 20 million dollars in the red and the bill for the case continues to pile up. The trustee running the co-op during the litigation has hired a team ...

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Fans celebrate Los Angeles Dodgers $2 billion sale to Magic Johnson’s group, but some Major League Baseball owners not thrilled with Frank McCourt - New York Daily News

03/28/12

Walter in New York, just as the bankruptcy judge overseeing the sale told the 29 other club owners in a conference call that he would personally oversee an auction among three MLB-approved finalists scheduled for 10 a.m. on Wednesday.

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Exclusive: Hawker Beechcraft readies bankruptcy filing - Reuters

03/28/12

NEW YORK/WASHINGTON (Reuters) - Hawker Beechcraft Inc, the aircraft manufacturer owned by Goldman Sachs Group Inc's (GS.N) private equity arm and Onex Corp (OCX.TO), is preparing to file for bankruptcy protection in the next several weeks ...

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UPDATE 3-Bankrupt Alabama county to skip GO bond payments - Reuters UK

03/28/12

The county had defaulted on $3 billion of sewer system debt at the heart of its landmark municipal bankruptcy filing in November and must now protect its limited cash, skipping upcoming debt payments to provide police and basic government ...

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Reuters reports Hawker preparing for bankruptcy - KSN.com

03/28/12

WICHITA, Kansas --Reuters and other news organizations that Hawker Beechcraft is preparing to file for bankruptcy over the next few weeks. Hawker is negotiating a prearranged bankruptcy with its largest lenders, which include Centerbridge Partners ...

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American Airlines dealing with bankruptcy, new competition - WFAA

03/28/12

Meiners said American has to cut costs to compete with traditional low-cost carriers on the same routes. In its latest bankruptcy filing, American named 28 routes that used to be exclusive from Dallas/Fort Worth International Airport to ...

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Exclusive: Hawker Beechcraft readies bankruptcy filing - Yahoo Finance

03/28/12

The Wichita, Kansas-based manufacturer of business jets, general aviation turboprops and military trainers has seen sales of its small and medium ... to finalize the details of a prearranged bankruptcy with the main lenders, the sources said.

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MLB expected to approve Dodgers sale - Los Angeles Times

03/28/12

Magic Johnson cannot become the face of the Dodgers until the sale of the team closes, which is scheduled for April 30. The U.S. Bankruptcy Court is set to approve the sale agreement on April 13. Major League Baseball retains the right to review ...

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Magic Johnson Group to Buy L.A. Dodgers for $2 Billion - Bloomberg

03/28/12

McCourt won that and other concessions from MLB as part of a settlement that ended a months-long bankruptcy court fight. McCourt has until April 6 to make public details of the sale as part of the team’s bankruptcy-exit plan. U.S. Bankruptcy ...

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Tracy Press sale approved in court - Tracy Press

03/28/12

SACRAMENTO — Sale of the Tracy Press and two other newspapers for $1.25 million was approved Wednesday, March 28, by a federal bankruptcy judge in Sacramento. The sale to H. Lee Wilcox of JP Media Partners in San Angelo, Texas, is part of a package that ...

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