Reorganizations

NYSE suspends Patriot Coal, begins delisting - Marketwatch

07/10/12

The New York Stock Exchange suspended trading in Patriot Coal Corp.'s (NYSE:PCX) shares and began the delisting process a day after the company filed for Chapter 11 bankruptcy protection. The Big Board's regulator determined that Patriot's stock ...

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Stocks slip on earnings worries - MSN Money

07/10/12

A big gain in credit-card debt suggested families a struggling to make ends meet. Patriot Coal (PCX) filed for Chapter 11 bankruptcy protection today. The company is the biggest casualty so far of in a major slump for U.S. coal producers. Coal operators ...

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What Corporate Turnaround Thinks Every Small Business Owner Should Know When Considering Chapter 11 Bankruptcy - Yahoo Finance

07/10/12

PARAMUS, N.J., July 10, 2012 /PRNewswire/ -- Chapter 11 Bankruptcy was introduced in the Bankruptcy Reforms Act of 1978, which became effective on October 1, 1979. The idea behind Chapter 11 was to make it possible for debt-ridden businesses to ...

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Calendar of upcoming business events - Indianapolis Star

07/10/12

Business Network International, Keystone Lunch Chapter, 11:30 a.m. Logan's Roadhouse, 4825 E. 82nd St. Meets Wednesdays. Call (317) 843-1040. Eastside Merchants Association, 2 to 4 p.m. Community Life Center at Washington Park East Cemetery ...

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Hawker Beechcraft in talks with Chinese company for $1.8 billion sale - Reuters

07/10/12

Hawker Beechcraft filed for Chapter 11 bankruptcy in May, unable to support a $2.5 billion debt load amid a weak market. The Wichita, Kansas-based maker of business jets, general aviation turboprops and military aircraft has filed a ...

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UPDATE 4-Hawker Beechcraft in talks with Chinese company for $1.8 bln sale - Reuters

07/10/12

Hawker Beechcraft filed for Chapter 11 bankruptcy in May, unable to support a $2.5 billion debt load amid a weak market. The Wichita, Kansas-based maker of business jets, general aviation turboprops and military aircraft has filed a ...

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Wolfgang Candy may have buyer - msnbc.com

07/10/12

York County's Wolfgang Candy has been in business for 91 years. The business hit a snag this spring when the company filed for Chapter 11 bankruptcy. The family-owned company has since caught the eye of an Alabama food industry tycoon who has put in a bid ...

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RG Steel bonus plan draws objection - Warren Tribune Chronicle

07/09/12

WARREN - Government attorneys monitoring RG Steel's Chapter 11 bankruptcy case have objected to a company plan to pay bonuses totaling more than $20 million to 10 key management officials. In a bankruptcy court filing, United States Trustee Roberta ...

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Darrell Lea Appoints Administrators in Australia Seeking Sale - Bloomberg

07/09/12

The appointment of administrators in Australia is similar to a Chapter 11 bankruptcy filing in the U.S., designed to protect a company from lawsuits as it reorganizes and keeps operating. “We are undertaking an urgent review of the business ...

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Chinese Group to Buy Hawker Beechcraft - CNBC

07/09/12

Hawker in May filed for Chapter 11 bankruptcy protection and began reviewing options, including continuing as a standalone business or an outright sale. A reorganization plan filed in June would give control of the company to secured creditors, canceling ...

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