Reorganizations

A judge on Thursday confirmed General Maritime Corp.'s (GMRRQ) plan to exit bankruptcy controlled by private equity firm Oaktree Capital Management LP, the company's top lender before its Chapter 11 filing. Judge Martin Glenn of U.S. Bankruptcy Court in ...

ALACHUA - The parent company of Hunter Marine Corp. filed for Chapter 11 bankruptcy reorganization in U.S. Bankruptcy Court for the District of New Jersey. Morgan Industries Corp. is the parent company of Alachua-based sailboat and sailing yacht ...

“The banks know that Chapter 11 will add another whole layer of huge expense and involve years of litigation with little gained,” said Anthony Sabino, a lawyer and professor at the Peter J. Tobin College of Business at St. John’s ...

WICHITA, Kan. (AP) — Hawker Beechcraft filed for bankruptcy protection Thursday in the latest blow to Wichita's beleaguered aircraft industry, with the company saying it had reached an agreement with many creditors on a plan to restructure its debt.

Hawker Beechcraft Inc., the struggling aircraft manufacturer, is in the final stages of preparing to file for bankruptcy protection and hand ownership to several hedge funds, said people familiar with the matter. Hawker, based in Wichita, Kan.