Reorganizations

Betsey Johnson files Chapter 11, will close most stores - Pioneer Press

04/27/12

Women's clothier Betsey Johnson has filed for bankruptcy protection and plans to close most of its 63 freestanding stores. Mall of America is home to the only Betsey Johnson store in Minnesota. A mall official said Friday, April 27, that it hasn ...

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The Broke and the Beautiful: In Da (Bankruptcy) Club Edition - Wall Street Journal

04/27/12

Comme ci, comme ça? The Los Angeles Dodgers may be leading Major League Baseball’s NL West, and the ballclub’s Chapter 11 plan was confirmed earlier this month. But it’s not quite a home run for the baseball team. According to the Boston ...

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Historic Chapter 11 case could trigger wave of public-pension bankruptcies - InvestmentNews

04/27/12

Lawyers representing participants in the Northern Mariana Islands Retirement Fund have filed a motion to dismiss the pension plan's Chapter 11 bankruptcy filing. And experts say the outcome could have widespread implications for other public ...

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Connexion Technologies Files For Chapter 11 Amid DirecTV Dispute - NASDAQ

04/27/12

Real estate and telecommunications company Connexion Technologies filed for Chapter 11 bankruptcy Thursday with the intention to sell itself after DirecTV Group Inc. (DTV) terminated its contracts with the company, pushing the already cash ...

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Settlement submitted in Deuce McAllister/Nissan lawsuit - Jackson Clarion-Ledger

04/27/12

The dealership operated in Chapter 11 for a time and agreed to liquidate its remaining assets through Chapter 7 bankruptcy. NMAC sued for more than $1.5 million, alleging the dealership defaulted on payments and exceeded credit limits.

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A Consensus Begins to Emerge on Derivatives in Bankruptcy - New York Times

04/27/12

Financing decisions are distorted by the exemptions, and then the very purpose of Chapter 11 is thwarted when creditors don’t have to incur costs associated with the communal system that Chapter 11 entails. Chapter 11 is admired the world over ...

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Betsey Johnson files for bankruptcy - MSN Philippines News

04/27/12

The designer - who showcased her latest collection at New York Fashion Week in February - used the Chapter 11 US Bankruptcy to file her case and although she will remain creative director of her brand, the majority of its 63 stores and 350 employees will ...

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BANKRUPTCY WEEK AHEAD: Dynegy Probe Fallout Continues - Wall Street Journal

04/27/12

On the Poughkeepsie, N.Y., court's agenda are requests for a trustee to take the power company's helm for the duration of its Chapter 11 case and to make public an independent examiner's full report on his investigation into Dynegy's pre-bankruptcy conduct.

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Kodak’s 1st Quarter Results Show Improvement in Segment Profitability and Reduced Operating Costs - Yahoo Finance

04/27/12

Kodak’s liquidity improved, ending the first quarter with a cash balance of $1.4 billion, up $500 million from year-end 2011, as a result of $600 million in net new financing, utilization of the Chapter 11 process, and reduced year-over-year ...

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Eastman Kodak posts 1Q loss of $366M, revenue falls - Washington Post

04/27/12

The Rochester, N.Y.-based company, which is in the process of restructuring under Chapter 11 bankruptcy protection, says it net loss was $366 million, or $1.35 per share, for the January-March period. That is larger than its net loss of $246 million ...

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