Thirteen months after entering Chapter 11, the Philadelphia Orchestra Association on Wednesday night filed its plan for exiting bankruptcy. With consent - sometimes hard-won - now in place from key creditors, the orchestra's blueprint for ...
PHILADELPHIA, May 23, 2012 /PRNewswire/ -- The Philadelphia Orchestra Association (POA) and its wholly owned subsidiary, the Academy of Music, Inc. (AOM), today announced it has filed with the United States Bankruptcy Court its Plan of ...
In filing for reorganization on April 16, 2011, The Philadelphia Orchestra Association detailed several goals that needed to be accomplished to ensure long-term financial health for the organization, including preserving artistic excellence. These goals ...
American Eagle may still be spun off to shareholders after the feeder airline for American Airlines emerges from Chapter 11 bankruptcy protection, its CEO said on Wednesday. It's not clear yet what structure either American or Eagle will have after Chapter 11.
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NEW YORK (AP) -- Ally Financial Inc.'s mortgage division known as ResCap is seeking Chapter 11 bankruptcy protection. The government-owned lender had been weighing a bankruptcy filing for Residential Capital LLC for some time, as the division ...
Prospect Capital Corp. had planned a foreclosure sale for May 1 on the undrilled gas wells securing the more than $88.8 million in debt H&M Oil & Gas owed it. But when H&M filed for Chapter 11 on April 30, halting the sale, all the private ...
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The bankruptcy court granted the owner of several well-known luxury resorts continued control over its case by giving the company until June 24 to exclusively file a plan of reorganization. The extension, MSR Resort Golf Course LLC's third ...
The French-born businessman amassed his fortune by co-founding Guess Inc. with his brothers, but recently has run into financial difficulty, prompting the sale of his Italian revival home under Chapter 11 bankruptcy, subject to court approval.
