Reorganizations

The College Store to close; parent company files for Chapter 11 protection - Maine Campus

03/29/12

The bankrupt parent company of The College Store in Orono has announced it will close nearly 40 of its non-university-affiliated college bookstores by March 31, including its Park Street location. Barry Major, Nebraska Book Company’s president ...

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Hawker Beechcraft Readies Chapter 11 - Aviation Week

03/28/12

Hawker Beechcraft, the aircraft manufacturer owned by Goldman Sachs Group’s private equity arm and Onex, is preparing to file for bankruptcy protection, according to people familiar with the matter. Hawker, which was bought in 2007 for $3.3 ...

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Quote from AA filing: Our pilot proposal pre-Chapter 11 wouldn't have worked - Dallas Morning News (blog)

03/28/12

I'm still reading through the various American Airlines filings from Tuesday, but one item caught my eye in American's memo in support of its motion to reject the Allied Pilots Association contract: "With the perspective of hindsight, it is now clear that ...

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Court Confirms TBS International Plan of Reorganization - StreetInsider.com

03/28/12

Upon emergence from chapter 11, the Company will have eliminated any possibility of valid vessel arrest due to the bankruptcy process. Gregg McNelis, Senior Executive Vice President and Chief Operating Officer, remarked on the loyalty of key clients ...

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Court Confirms TBS International Plan of Reorganization - SYS-CON Media

03/28/12

Upon emergence from chapter 11, the Company will have eliminated any possibility of valid vessel arrest due to the bankruptcy process. Gregg McNelis, Senior Executive Vice President and Chief Operating Officer, remarked on the loyalty of key clients ...

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The Story Behind Today's MF Global Congressional Testimony - Forbes

03/28/12

The plan was to put those assets back in the accounts when the buyer paid. Unfortunately for everyone, MF Global was forced to file Chapter 11 on Monday October 31. General Counsel Laurie Ferber did not admit until later that day that executives ...

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Bahrain-based Arcapita Bank Files Ch. 11, Protecting $2 Billion in U.S. Properties - CoStar Group

03/28/12

Arcapita Bank BSC, an international investment firm based in Bahrain, put itself and some of its affiliates into Chapter 11 bankruptcy reorganization in the United States. Included in the Chapter 11 filings is Arcapita Investment Holdings Ltd., which ...

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Hurdles remain before sale of Los Angeles Dodgers is complete - CNN Sports Illustrated

03/28/12

Shortly thereafter, the Dodgers filed for Chapter 11 bankruptcy protection, which McCourt hoped would buy him time to pay off creditors and secure additional financing for the team. McCourt's desire to use bankruptcy protection to the keep team ...

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$2 Billion Dodgers Price Tag Shatters Records - Wall Street Journal

03/28/12

In a statement, Earvin Magic Johnson said, "I am thrilled to be part of the historic Dodger franchise and intend to build on the fantastic foundation laid by Frank McCourt as we drive the Dodgers back to the front page of the sports section in ...

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Judge: Former Chrysler dealerships closed in bankruptcy don't have right to reopen - Detroit Free Press

03/28/12

He also ruled that the dealers are not owed monetary damages. The judge noted that after Chrysler emerged from Chapter 11 bankruptcy, it was established as a new company. “Because the rejected dealers have never had franchise agreements with ...

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