News

Residential developer files for bankruptcy - The Business Journal

03/27/12

Angier-based Austin Construction & Development LLC filed for Chapter 11 bankruptcy reorganization on March 23, listing $2.4 million in assets and $1.7 million in liabilities. The filing values the company’s two properties at about $2.2 million ...

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Russia to issue $7 bln in Eurobonds - sources - Reuters

03/27/12

MOSCOW, March 27 (Reuters) - Russia plans to raise $7 billion in Eurobonds in three tranches, fully covering its foreign borrowing plan for 2012 as demand for the paper exceeded $17 billion, sources close to the deal told Reuters on Tuesday.

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Sale of Dodgers Nears a Resolution - New York Times

03/27/12

If, indeed, the Dodgers’ sale is completed — which is the key to emerging from bankruptcy — Selig will have seen the resolution of big financial headaches in Major League Baseball’s top two markets. Last week the Mets’ owners settled ...

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Tired of Harassment by Creditors? How Seattle Chapter 7 Bankruptcy Lawyers Can Help - PR Inside

03/27/12

2012-03-27 16:21:22 - Are creditors hounding you non-stop? The stress can be enough to drive you crazy, and you don't see how it's ever going to end. When you have no resources to pay the debts you owe, a Seattle chapter 7 bankruptcy lawyer can help.

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East Windsor welcomes return of Charlie Brown's Steakhouse - NJ.com

03/27/12

The company’s bankruptcy filing forced the closure of 47 eateries throughout the region. Newly emerged from Chapter 11, the company is looking to reestablish itself as a presence on the restaurant scene. “We are pleased to have Charlie Brown ...

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United Retail Group to be Acquired by Versa Capital Management - Business Wire

03/27/12

“I have enjoyed developing the new strategy for Avenue and leading it through the Chapter 11 proceedings and the sale process as quickly as possible. Avenue’s operating business is now positioned on a sustainable path forward.” Pending court approval ...

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Feds probe ex-UGA coach - Augusta Chronicle

03/27/12

ATHENS, Ga. -- The Securities and Exchange Commission has intervened in the bankruptcy case of former University of Georgia football coach Jim Donnan. The federal agency has asked a bankruptcy judge to deny Donnan’s plan to pay back creditors ...

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Dewey Law Firm Adds Four Partners to Chairman’s Office - Businessweek

03/27/12

The new members include the heads of its bankruptcy, corporate, litigation and public policy practice groups, according to the letter, which also provides current revenue data. Current Chairman Steven Davis, who will relocate to London ...

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CEO: We need to make American Airlines succeed - CharlotteObserver.com

03/27/12

On the same call, the company’s board finalized the decision to file for Chapter 11 the next morning. Horton says he got little sleep, knowing he would have to explain the move to thousands of investors, employees, business partners and reporters.

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FastShip bankruptcy hits DRPA, rich investors - Philadelphia Daily News

03/27/12

Last week's federal bankruptcy filing by FastShip in Wilmington listed hundreds of common stock investors, including heirs to the DuPont Co., Campbell's Soup and Rome and Haas family fortunes, who are unlikely to see their investment dollars again.

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