Reorganizations

Prince Sports, Inc. and U.S. Affiliates Commence Voluntary Chapter 11 Business Reorganization Proceedings - Financial Post

05/01/12

Prince Sports, Inc. and its U.S. affiliates (“Prince” or the “Company”) announced today that they have filed voluntary petitions for Chapter 11 reorganization in the U.S. Bankruptcy Court for the District of Delaware. Prince has also ...

[more]

Judge approves Kodak retention bonuses - Democrat and Chronicle

05/01/12

The unsecured creditors committee — representing all the various companies to whom Kodak owes money in its Chapter 11 bankruptcy — came out in support of the retention plan on Monday. Kodak declined a reporter’s request to provide specific ...

[more]

Harborside Nursing parent files for Chapter 11 bankruptcy - Baltimore Sun

04/30/12

The parent company of Harborside Nursing & Rehabilitation Center in Baltimore, which faced state sanctions for air-conditioning failures more than two years ago, has filed for reorganization under Chapter 11 bankruptcy, according to court documents.

[more]

Pressed financially, Tampa's Savtira seeks Chapter 11 and possibly a new city - St. Petersburg Times

04/30/12

From hot property to likely flameout, the trajectory of Tampa tech company Savtira has skidded into Chapter 11 bankruptcy reorganization. Soon after initial bankruptcy papers were filed Friday with the court, Savtira CEO Tim Roberts emailed a ...

[more]

Clinton business closes putting 62 out of work - msnbc.com

04/30/12

A produce company has closed in Clinton, putting 62 out of work. Adams Produce Company, of Birmingham, filed for reorganization under Chapter 11 in bankruptcy court on Friday, according to court records. The company employs 400 workers and has distribution ...

[more]

Security Firm Handled White House’s ‘Burn Bag’ - Wall Street Journal

04/30/12

That admission came spilling out into bankruptcy court less than a week after Maryland-based security-guard provider TW & Co. filed for Chapter 11 protection owing nearly $3 million on its federal tax bill. The 617-worker company said it would ...

[more]

Barnes & Noble, Microsoft Partnership: Desperate Meets Hopeless - Yahoo Finance

04/30/12

The past few years have been tough ones for bookstores. Borders closed hundreds of stores last year as the company filed for Chapter 11 bankruptcy protection. Cheaper book prices from online competitor Amazon.com have significantly cut into ...

[more]

Eircom examiner rejects offer, unveils $3.8 billion loss - Reuters

04/30/12

Irish examinership is a process akin to Chapter 11 bankruptcy protection in the United States and administration in Britain, allowing a company to continue operating as a going concern. Eircom examiner, Michael McAteer from insolvency specialist ...

[more]

UPDATE 1-Eircom examiner rejects offer, unveils $3.8 bln loss - Reuters India

04/30/12

Irish examinership is a process akin to Chapter 11 bankruptcy protection in the United States and administration in Britain, allowing a company to continue operating as a going concern. Eircom examiner, Michael McAteer from insolvency specialist ...

[more]

Magic's Group to Close on Dodgers Deal - msnbc.com

04/30/12

Attorneys for McCourt and Major League Baseball squared off during the summer in a Delaware bankruptcy court, arguing over the Chapter 11 reorganization. MLB attorneys argued successfully that the team accept bankruptcy financing from the league ...

[more]