Reorganizations

Bank: Church has no right to file Chap. 11 - Boston Herald

04/12/12

Roxbury’s historic Charles Street AME Church — which filed Chapter 11 recently to avoid foreclosure — might not have the right to bankruptcy protection at all, the congregation’s lender claims. Boston’s OneUnited Bank argues in court papers that ...

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Mid-Market Street Dashes Developer - Wall Street Journal

04/11/12

Mr. Addington's company, Fair Market Properties LLC, filed for Chapter 11 reorganization in January. The company owns a vacant, two-story building at 1028 Market St., near Sixth Street, that once was home to businesses including a pool hall and ...

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Lehman plans $22.5 bln payout to creditors - Reuters

04/11/12

Lehman, which ended the largest-ever Chapter 11 bankruptcy in March, will begin making payments April 17, it said in a statement on Wednesday. That date coincides with a tentative payout schedule announced last month. The company said in the ...

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Bank: Church has no right to file Chap. 11 - Boston Herald

04/11/12

Roxbury’s historic Charles Street AME Church — which filed Chapter 11 recently to avoid foreclosure — might not have the right to bankruptcy protection at all, the congregation’s lender claims. Boston’s OneUnited Bank argues in court papers that ...

[more]

PA Medical Center Files for Chapter 11 - HealthLeaders Media

04/11/12

Saint Catherine Medical Center in Ashland, PA filed an emergency petition for Chapter 11 bankruptcy on Monday. The action follows a tumultuous couple of weeks for the medical center. In March an unannounced survey visit by the state Department of Health ...

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UPDATE: Mister Bee To Resume Operations - WTAP

04/11/12

(AP) - Mister Bee Potato Chips Co. is resuming production with the help of a private investor. The Parkersburg company filed for Chapter 11 bankruptcy last November. Since then, Mister Bee says it has restructured its organization and operations.

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UPDATE: Mister Bee To Resume Operations - WTAP

04/11/12

(AP) - Mister Bee Potato Chips Co. is resuming production with the help of a private investor. The Parkersburg company filed for Chapter 11 bankruptcy last November. Since then, Mister Bee says it has restructured its organization and operations.

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Rothschild: AMR will need a lot of money post-bankruptcy - Dallas Morning News (blog)

04/10/12

In summary, its six conclusions include, and we quote: x Upon emergence from Chapter 11, AMR will require significant capital investment to support its restructuring strategy and business plan ("Plan for Success"or "Business Plan"); x AMR's decision to ...

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Hostess pay hikes reversed after Chapter 11 - New York Post

04/10/12

That’s not a lot of dough. Facing an internal revolt, Hostess Brands will roll back pay raises it doled out to top managers just months before filing for bankruptcy. The maker of Twinkies and Ding Dongs is slashing pay for its four highest-paid managers ...

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OneUnited says Charles Street AME parent controls church’s assets - Boston Globe

04/10/12

Charles Street filed for Chapter 11 bankruptcy protection in March after months of failing to get the bank to renegotiate two loans that had come due. Ross Martin, the church’s lawyer at Ropes & Gray, said Charles Street would file its ...

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