Flow of Goods and Services to Customers to Continue Globally in Ordinary Course Non-U.S. Subsidiaries Are Not Included in U.S. Filing and Are Not Subject to Court Supervision Company Negotiating Debtor-in-Possession Financing AUSTIN, Texas, July ...
Valence Technology, Inc. (Nasdaq: VLNC) announced today that it filed a voluntary petition for a chapter 11 business reorganization in the U.S. Bankruptcy Court for the Western District of Texas. The business reorganization is intended to bolster the ...
Irvin Capital LLC offered to invest $6 million in DIP financing and Letters of Credit in the Connaught Group and provide up to $20 million in financing upon emergence from Chapter 11 bankruptcy. Irvin Capital LLC offered to invest $6 million in ...
Fowler's Furniture Inc. has filed for Chapter 11 bankruptcy protection according to documents filed with the U.S. Bankruptcy Court Eastern Division of Tennessee. The petition, filed July 3, will be heard on July 26 at the Bankruptcy Court in ...
Such bonus programs are common in Chapter 11 cases of publicly held companies, said Robert Rock, senior bankruptcy attorney with Albany-based law firm Tully Rinckey. "The concept is that these bonuses are given to key executives in order to keep ...
Fowler's Furniture Inc. has filed for Chapter 11 bankruptcy protection according to documents filed with the U.S. Bankruptcy Court Eastern Division of Tennessee. The petition, filed July 3, will be heard on July 26 at the Bankruptcy Court in ...
Chapter 11 is getting more expensive, but top-dollar attorney fees aren’t the reason…this time. Starting Nov. 1, it will cost a company $1,213 to file a Chapter 11 petition, or nearly $200 more than the current filing fees. The extra cash ...
Tribune's bankruptcy exit plan puts newspaper publisher and broadcaster into hands of creditors The judge overseeing Tribune Co.'s Chapter 11 case disposed of two minor sticking points and indicated Wednesday he is prepared to sign off on the ...
Horton's comments, which he made in a letter to employees, come as AA parent AMR enters its seventh month of reorganizing under Chapter 11 bankruptcy protection. "We are approaching the point where we have greater clarity on our revenue outlook and cost ...
The Blaubeuren-based company filed for Chapter 11-type protection in Ulm’s district court to start insolvency proceedings, Centrotherm said in a statement late yesterday. For three months, it will be shielded from creditors while its ...
