Reorganizations

California retailer Treasures Furniture in Chapter 11 - Furniture Today

05/11/12

SAN DIEGO — High-end retailer Treasures Furniture has filed for Chapter 11 bankruptcy protection, owing its largest creditors in the industry about $2.1 million. The retailer, led by CEO Alan Glass, with stores listed online in San Diego and Irvine, Calif.

[more]

Betsey Johnson chain starts liquidation sale - Reuters

05/11/12

May 11 (Reuters) - U.S. fashion designing house Betsey Johnson LLC, which filed for Chapter 11 bankruptcy protection last month, has commenced a going-out-of-business sale at its stores and outlets. Gordon Brothers Group and Hilco Merchant ...

[more]

Wolf Creek resort up for auction - Ogden Standard-Examiner

05/10/12

EDEN -- Wolf Creek Resort will be sold to the highest bidder June 1 to pay creditors as part of a Chapter 11 bankruptcy plan filed in 2010. The auction will take place at 1 p.m. at the resort at 3926 N. Wolf Creek Drive in Eden. Bidders must ...

[more]

Fort Wayne Hostess Facility on the Chopping Block - msnbc.com

05/10/12

Hostess made the announcement Thursday morning saying that the company is trying to emerge from Chapter 11 as a viable company but if needed they would sell all or portions of its business to make that happen.

[more]

Broadband parent company files Chapter 11 - Orange County Register

05/10/12

Connexion Technologies filed for Chapter 11 bankruptcy protection on April 26, 2012. Connexion is the parent company of Broadband Services, which provides cable television and digital phone services to Laguna Woods Village. Connexion ...

[more]

Pfizer’s Quigley Still Seeks to Reorganize, Lawyer Says - Bloomberg

05/10/12

Bernstein had ruled in bankruptcy court that Quigley’s Chapter 11 case barred certain lawsuits against Pfizer. A May 2011 decision in district court reversed the order, and Pfizer had appealed that ruling. “We affirm the district court ...

[more]

Unfairness to homeowners blocks recovery - Marketwatch

05/08/12

When this happens to commercial property owners, our law gives them an escape route. They can file a Chapter 11 reorganization. While Chapter 11 filings are expensive, risky and uncertain, Chapter 11 gives commercial property owners the power of ...

[more]

Utah developer Terry Diehl has initial bankruptcy hearing - Salt Lake Tribune

05/08/12

At his first hearing following his bankruptcy filing, Salt Lake County developer and political deal-maker Terry Diehl said he filed for Chapter 11 bankruptcy on March 30 because he was about to lose his homes in Utah and Coronado, Calif.

[more]

Hostess warns 250 Washington employees of possible layoffs - Seattle Times

05/08/12

The maker of Twinkies and Wonder bread is in Chapter 11 bankruptcy and trying to renegotiate its contracts with the Teamsters and bakery workers unions. Hostess's 111 employees in Seattle, 17 in Kent, and 56 in Lakewood and Tacoma could be laid ...

[more]

Tribune Seeks To Block Appeal, Ward Off Delay In Chapter 11 - FOXBusiness

05/08/12

Tribune Co. (TRBCQ) has moved to block an appeal that could prolong a stay in bankruptcy that began in 2008 and might not be over until next year. The Chicago broadcaster and publisher of the Chicago Tribune, Los Angeles Times and other ...

[more]