Reorganizations

So Long, Peter Nero? - Wall Street Journal

06/07/12

The Philadelphia Orchestra Association is in the final stages of its Chapter 11 case after hashing out a new labor deal and coming to a lease agreement with the Kimmel Center. So far, the process has left few audience-visible battle scars.

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Chapter 11 filed by local business - Wichita Falls Times Record News

06/07/12

The 92-year-old Wichita Falls accounting firm Freemon, Shapard & Story will continue operating in its four Texas locations, despite filing Chapter 11 bankruptcy on May 21 following a $4.5 million jury verdict. The jury award is one of the ...

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Huntington headache Franklin Holding files for Chapter 11 - The Business Journal

06/07/12

The holding company of a subprime mortgage lender, whose troubles cost Huntington Bancshares Inc. hundreds of millions of dollars, has filed for Chapter 11 bankruptcy. So it’s no surprise who remains the main creditor in this bankruptcy ...

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American trims July schedule as pilots take sick days - USA Today

06/07/12

American parent AMR, of course, filed for Chapter 11 bankruptcy protection in November. As part of its reorganization plan, the company has asked the bankruptcy court to allow it to break its union labor contracts and impose new terms, which could include ...

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4 reasons American should merge with US Airways - MSN Money

06/07/12

Back in 2005, America West came to the rescue of US Airways, which had filed for Chapter 11 bankruptcy the previous year. Now, US Airways is ready to take up a similar opportunity with bankrupt American Airlines. US Airways has not yet made an official bid ...

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Strauss Auto shuts stores and files for Chapter 11 - NorthJersey.com

06/06/12

Strauss Discount Auto has filed for Chapter 11 bankruptcy protection for the fourth time, closing 46 of its stores, according to Bloomberg News. The latest Chapter 11 petition was filed was made in Newark, Bloomberg reported. The company, now ...

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Jamal Lewis Bankruptcy: Former NFL Star’s Bankruptcy Hearing Rescheduled - The Inquisitr

06/06/12

According to CBS, Lewis, who retired from the NFL in 2009 after nine seasons with the Ravens and Cleveland Browns, filed for Chapter 11 bankruptcy protection back in April after being unable to liquidize his assets in a way that would allow him ...

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The ins-and-outs of Chapter 11 - The Business Journal

06/06/12

Chapter 11 bankruptcy reorganizations, the recession was full of them. There was no industry type that remained immune to the hardships of the recession and many found themselves in the bankruptcy court working out debt to avoid closure.

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Tribune Considers Jeff Zucker, Mark Shapiro as Possible CEO Candidates (Report) - Hollywood Reporter

06/05/12

The media firm has been in Chapter 11 bankruptcy for more than three years following its debt-driven acquisition by real estate mogul Sam Zell. Bankruptcy court hearings at the end of the week will discuss Tribune's latest amendments to its bankruptcy ...

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Prominent metro Detroit real estate broker Ralph Roberts files for Chapter 11 - Detroit Free Press

06/05/12

Ralph Roberts, author and local real estate broker, has filed for Chapter 11 bankruptcy protection from creditors including his mother. Roberts, 55, a prolific author of real estate books including "Foreclosure Self-Defense for Dummies" and ...

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