Reorganizations

Houghton Plans Chapter 11 Filing - Wall Street Journal

05/11/12

Houghton Mifflin Harcourt Publishers Inc. plans to file for Chapter 11 bankruptcy protection after reaching a deal with creditors to eliminate more than $3 billion in debt, marking the second major restructuring for the struggling textbook ...

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American Airlines to explore merger options - msnbc.com

05/11/12

AMR, which has been in Chapter 11 since November, had long said it intended to reorganize as a stand-alone carrier, shrugging off interest expressed by rival US Airways Group Inc. The carrier, however, has faced mounting pressure from vocal members of its ...

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American Airlines to explore merger options - Reuters

05/11/12

AMR, which has been in Chapter 11 since November, had long said it intended to reorganize as a stand-alone carrier, shrugging off interest expressed by rival US Airways Group Inc. The carrier, however, has faced mounting pressure from vocal ...

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The Cake Shop in Chapter 11 - MySanAntonio

05/11/12

This isn't anything to celebrate: San Antonio's The Cake Shop LLC filed for Chapter 11 bankruptcy reorganization Friday. Company CEO Perla Salzillo and CFO Jose D. Salzillo, who together own the bakery, also filed for personal bankruptcy reorganization ...

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UCC attorney: We support AMR's plan, even as we consider alternatives - Dallas Morning News (blog)

05/11/12

Jack Butler, attorney for the unsecured creditors committee, gave this statement after AMR announced that it and the UCC have agreed to explore potential consolidatoin: "Much has been said in AMR's chapter 11 cases and in media reports regarding ...

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Hawker Beechcraft laying off another 150 employees - msnbc.com

05/11/12

Hawker Beechcraft announced Friday that 150 hour and non-hourly employees received 60 day WARN notices. Last week, the company filed Chapter 11 Bankruptcy protection. Officials say the company remains in compliance with the employment levels set in the ...

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Judge Won't Make Full Dynegy Examiner's Report Public - FOXBusiness

05/11/12

His findings threw Dynegy Holdings' already contentious Chapter 11 case into more disarray but, after mediation sessions with Kirpalani himself, the company last month disclosed a deal with most objecting groups to shift the coal assets back to creditors.

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Prince Sports files for bankruptcy protection - Yahoo Finance

05/11/12

BORDENTOWN, N.J. (AP) -- Prince Sports, which for more than 40 years has been affiliated with tennis greats like Jimmy Connors, Martina Navratilova, as well as modern stars like Maria Sharapova, has filed for Chapter 11 bankruptcy protection.

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Houghton Mifflin Harcourt Enters Bankruptcy Process - New York Times Blogs

05/11/12

Houghton Mifflin Harcourt, the educational and trade publisher in Boston, has agreed with most of its creditors to eliminate $3.1 billion of debt and enter a prearranged Chapter 11 bankruptcy process, the company said on Friday. The publisher ...

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Houghton Mifflin Harcourt to Restructure $3.1 Billion in Debt - Mediabistro.com

05/11/12

The plan includes “a prompt, court-supervised, chapter 11 process.” Here’s more from the company: “If approved by the requisite percentages and implemented as proposed, HMH will eliminate $3.1 billion of debt and reduce current annual cash interest ...

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