News

Court Confirms TBS International Plan of Reorganization - StreetInsider.com

03/28/12

Upon emergence from chapter 11, the Company will have eliminated any possibility of valid vessel arrest due to the bankruptcy process. Gregg McNelis, Senior Executive Vice President and Chief Operating Officer, remarked on the loyalty of key clients ...

[more]

Court Confirms TBS International Plan of Reorganization - SYS-CON Media

03/28/12

Upon emergence from chapter 11, the Company will have eliminated any possibility of valid vessel arrest due to the bankruptcy process. Gregg McNelis, Senior Executive Vice President and Chief Operating Officer, remarked on the loyalty of key clients ...

[more]

Local food company files for bankruptcy - St. Louis Post-Dispatch

03/28/12

Berhanu Enterprises, which launched in 2006, submitted its bankruptcy petition to US Bankruptcy Court ... Among the creditors listed in Berhanu's filing is the St. Louis Economic Council, which runs the centers. The company lists less than $50,000 in ...

[more]

The Story Behind Today's MF Global Congressional Testimony - Forbes

03/28/12

The plan was to put those assets back in the accounts when the buyer paid. Unfortunately for everyone, MF Global was forced to file Chapter 11 on Monday October 31. General Counsel Laurie Ferber did not admit until later that day that executives ...

[more]

Dodgers' sale gives fans cause for excitement - Baltimore Orioles

03/28/12

Most used the words "excited" and "relieved" to describe their feelings about the sale of the team following a year of turmoil that centered around the club's bankruptcy and its impending sale. "It's been a day all Dodgers fans have been waiting ...

[more]

MF Global exec refuses to testify before Congress - The Guardian

03/28/12

Assistant Treasurer Edith O'Brien, believed to have been involved in authorizing a $175 million transfer that may have included customer funds, three days before MF Global's bankruptcy filing on Oct. 31, declined to testify on Wednesday.

[more]

MF Global exec refuses to testify before Congress - Reuters India

03/28/12

Assistant Treasurer Edith O'Brien, believed to have been involved in authorizing a $175 million transfer that may have included customer funds, three days before MF Global's bankruptcy filing on October 31, declined to testify on Wednesday.

[more]

Bahrain-based Arcapita Bank Files Ch. 11, Protecting $2 Billion in U.S. Properties - CoStar Group

03/28/12

Arcapita Bank BSC, an international investment firm based in Bahrain, put itself and some of its affiliates into Chapter 11 bankruptcy reorganization in the United States. Included in the Chapter 11 filings is Arcapita Investment Holdings Ltd., which ...

[more]

Exclusive: Hawker Beechcraft readies bankruptcy filing: sources - Reuters India

03/28/12

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

[more]

Hurdles remain before sale of Los Angeles Dodgers is complete - CNN Sports Illustrated

03/28/12

Shortly thereafter, the Dodgers filed for Chapter 11 bankruptcy protection, which McCourt hoped would buy him time to pay off creditors and secure additional financing for the team. McCourt's desire to use bankruptcy protection to the keep team ...

[more]