Reorganizations

A typical Chapter 11 allows corporations to default on pension obligations, so the union workers probably wouldn’t have made out so well without the federal government’s involvement in restructuring. Windmills from China Most of the ongoing ...

Taxpayers own about 74 percent of Ally, which did not file for bankruptcy. Ally put ResCap into Chapter 11 on May 14 as a means of addressing the unit's mortgage-related liabilities. On July 18, ResCap asked a judge for permission to pay as much ...

"I made that pitch. We nodded heads to one another." Two months later, on Nov. 29, American's parent company, AMR Corp., filed for Chapter 11 bankruptcy protection. On the same day, former CEO Gerard Arpey stepped down and American named Horton ...

MGM was taken over by Spyglass chiefs Gary Barber and Roger Birnbaum after it exited Chapter 11 in December 2010. At the time, the studio secured some $500 million in exit funding, which it used to help keep operations running and to fund its ...

He has assisted the full spectrum of retailers from troubled to healthy: he successfully created strategy and executed on out-of-court transactions that allowed more than 35 companies to avoid chapter 11, and he has helped more than 100 healthy retailers ...