Reorganizations

US Trustee also wants Fund Chapter 11 petition junked - Saipan Tribune

05/06/12

The U.S. Trustee has asked the U.S. District Court for the NMI Bankruptcy Division to dismiss the NMI Retirement Fund's Chapter 11 bankruptcy petition. Assistant U.S. Trustee Curtis Ching echoed the position of two unnamed retirees represented ...

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Millville boat manufacturer files for Chapter 11 - NJ.com

05/06/12

MILLVILLE — Morgan Industries Corporation, the parent company of boat manufacturer Silverton Marine, announced today that it and all of its U.S. subsidiaries filed for Chapter 11 bankruptcy. Once the city’s largest employer — with more ...

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The Threshold Bookcast : Chapter 11 : The Preacher The Teach - Salon

05/05/12

This week's instalment of The Threshold Series revolves around Bernard Sturn and features Veshtar, the almost barren land also known as the radioactive planet. As the chapter begins, the illustrious physicist is enjoying a cup of green tea in ...

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Long-running lumber company to lay off 65 workers - Portland Tribune

05/04/12

Blaming a downturn in the economy and business operations, Lumber Products Inc., 19855 S.W. 124th Ave., has filed for Chapter 11 bankruptcy. In an effort to reorganize and rebuild its financial base, the wholesale wood distributor plans to eliminate 15 ...

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Hawker Beechcraft Receives Court Approval of First-Day Motions - Yahoo Finance

05/04/12

Among the first-day motions granted today, Hawker Beechcraft received approval to continue to pay employees, and to pay all vendors and suppliers in the ordinary course for goods and services delivered after the commencement of the Chapter 11 case.

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General Motors: Towering China Demand Has Investors Buying Now - Seekingalpha.com

05/04/12

Chapter 11 in the U.S. bankruptcy code is intended to temporarily shield companies from creditor lawsuits, allowing them to restructure their business and get back to sustainable operations. The business would then use its profits to gradually pay off its debts.

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Hawker Beechcraft files for Chapter 11 bankruptcy - The Business Journal

05/04/12

Hawker Beechcraft Inc. filed for Chapter 11 bankruptcy Thursday, after reaching agreements with a significant number of it senior secured lenders and senior bondholders, according to a news release. The terms of the filing will eliminate about $ ...

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Hawker Beechcraft to stay open, keep paying workers and suppliers during bankruptcy - Kansas City Star

05/04/12

Financially troubled Hawker Beechcraft filed for Chapter 11 bankruptcy protection Thursday, saying it would emerge from the financial restructuring “a stronger company.” The struggling plane maker filed the pre-arranged restructuring ...

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Hawker Beechcraft to stay open, keep paying workers and suppliers during bankruptcy - Wichita Eagle

05/04/12

Financially troubled Hawker Beechcraft filed for Chapter 11 bankruptcy protection Thursday, saying it would emerge from the financial restructuring “a stronger company.” The struggling plane maker filed the pre-arranged restructuring ...

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General Maritime Announces Confirmation of Plan of Reorganization - Yahoo Finance

05/04/12

General Maritime currently expects to emerge from Chapter 11 in May 2012 after the conditions to effectiveness of the Plan are satisfied.  The Plan reflects the terms of a global settlement among the Company's main creditor constituencies that ...

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