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Home > Bankruptcy News

Bankruptcy News Nov 2006

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Jeweler Fabrikant files for bankruptcy
The privately owned company, which also placed its domestic unit Fabrikant-Leer International into Chapter 11, listed current assets of $225.9 million and current debts of $363 million in its bankruptcy petition, filed Friday. (Mon, 20 Nov 2006 15:42:02 GMT)

Troubled French paper clinches rescue deal
France's troubled left-wing newspaper Liberation clawed its way back from the verge of bankruptcy on Monday after clinching a boardroom deal on a wide-ranging rescue and investment package. (Mon, 20 Nov 2006 18:45:38 GMT)

Northwest Airlines to hire 200 groundworkers
Northwest Airlines, which is operating under bankruptcy protection, announced Monday that it would hire 200 ground workers to handle baggage, de-ice planes and push aircraft among other tasks. (Mon, 20 Nov 2006 18:56:35 GMT)

Fabrikant files voluntary petitions for Chapter 11 bankruptcy
New York—M. Fabrikant and Sons Inc. and its domestic subsidiary Fabrikant-Leer International Ltd. have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code. (Mon, 20 Nov 2006 20:06:48 GMT)

Bankruptcy closes doors of historic Pig Stands
It's reputed to be the world's first drive-through restaurant chain and the place where the onion ring was invented, the result of a cooking accident. (Tue, 21 Nov 2006 06:51:13 GMT)

Cornerstone bankruptcy questioned Post a Comment
WILKES-BARRE -- Cornerstone Technologies LLC, a firm controlled by U.S. Rep. Paul E. Kanjorski’s nephews, filed bankruptcy recently to forestall the congressman’s deposition in a series of lawsuits, one of the company’s legal opponents said during a federal proceeding Monday morning. (Tue, 21 Nov 2006 08:06:33 GMT)

Winn-Dixie emerges from bankruptcy
Winn-Dixie Stores Inc. emerged from bankruptcy Tuesday, 21 months after the grocery chain filed for Chapter 11 protection due to huge financial losses caused by competitive pressures. (Tue, 21 Nov 2006 18:54:54 GMT)

Leaner Winn-Dixie Satisfies Bankruptcy
JACKSONVILLE - Winn-Dixie Stores emerged from bankruptcy Tuesday, 21 months after the grocery chain filed for Chapter 11 protection after suffering huge financial losses from competitive pressures. (Wed, 22 Nov 2006 03:15:41 GMT)

Smaller Winn-Dixie emerges from bankruptcy
Almost two years after filing for protection, Winn-Dixie emerges from bankruptcy. (Wed, 22 Nov 2006 06:18:58 GMT)

Bankruptcy Lawyers Adjust to Drought
An improving economy isn't good news for everyone. With fewer businesses going broke, the pace of traditional work for bankruptcy lawyers has slowed considerably -- for now. Industry experts say a big reason is that money is flowing more freely, especially from hedge funds and private equity groups, helping to keep businesses afloat. (Wed, 22 Nov 2006 07:53:36 GMT)

Winn-Dixie Stores back from bankruptcy
Winn-Dixie Stores Inc. emerged from bankruptcy Tuesday and began implementing a plan to give new stock to creditors and use $725 million in loans to add stores and revamp existing outlets in the Southeast. The Jacksonville, Fla.-based company filed for bankruptcy in February 2005 and shut 127 stores across the Carolinas, including 31 in Mecklenburg and nearby counties.Winn-Dixie said it will (Wed, 22 Nov 2006 08:11:50 GMT)

Leaner Winn-Dixie emerges from bankruptcy with promise of 'dramatic difference'
Winn-Dixie Stores Inc. emerged from bankruptcy Tuesday as a much smaller grocery chain than the troubled one forced to file for Chapter 11 protection 21 months ago. (Wed, 22 Nov 2006 08:15:37 GMT)

Winn-Dixie exits bankruptcy
Winn-Dixie Stores emerged from bankruptcy, 21 months after the grocery chain filed for Chapter 11 protection due to huge financial losses caused by competitive pressures. (Wed, 22 Nov 2006 08:41:46 GMT)

Winn-Dixie Stores Out of Bankruptcy
Winn-Dixie Stores Inc. emerged from bankruptcy Tuesday, 21 months after the grocery chain filed for Chapter 11 protection because of huge financial losses caused by competitive pressures. The new Winn-Dixie is much smaller than the troubled company that filed for bankruptcy on Feb. 20, 2005. It has 522 stores in five states and employs about... (Wed, 22 Nov 2006 11:10:43 GMT)

Winn-Dixie emerges from bankruptcy after 21 months
JACKSONVILLE, FLA. — Winn-Dixie Stores Inc. emerged from bankruptcy Tuesday, 21 months after the grocery chain filed for Chapter 11 protection due to huge financial losses caused by competitive pressures. (Wed, 22 Nov 2006 11:12:52 GMT)

Winn-Dixie emerges from bankruptcy
Winn-Dixie Stores Inc. emerged from bankruptcy Tuesday, nearly two weeks after U.S. Bankruptcy Judge Jerry Funk approved the grocer's reorganization plan. (Wed, 22 Nov 2006 11:29:00 GMT)

Smaller Winn-Dixie out of bankruptcy
Winn-Dixie Stores Inc. emerged from bankruptcy Tuesday, 21 months after the grocery chain filed for Chapter 11 protection after it suffered huge financial losses caused by competitive pressures. (Wed, 22 Nov 2006 13:15:41 GMT)

Winn-Dixie emerges from bankruptcy, obtains credit facility for operations
Winn-Dixie Stores Inc. has emerged from Chapter 11 bankruptcy, the company announced this week, and has closed on its post-bankruptcy credit facility of $725 million with Wachovia Corp. (Wed, 22 Nov 2006 17:08:45 GMT)

Winn-Dixie Emerges from Bankruptcy
NOVEMBER 22, 2006 -- Twenty-one months after the grocery chain filed for Chapter 11 protection due to huge financial losses caused by competitive pressures, Jacksonville, Fla.-based Winn-Dixie Stores Inc. has emerged from bankruptcy, according to the Associated Press. (Wed, 22 Nov 2006 18:08:50 GMT)

J&K reeling in bankruptcy: Omar
Opposition National Conference president Omar Abdullah has said that the state government had reached unprecedented financial and economic bankruptcy and was sustaining on the J&K Bank's overdrafts. (Thu, 23 Nov 2006 12:01:54 GMT)

Bankruptcy numbers rise slightly in Q3
Ottawa's bankruptcy numbers in the third quarter have increased very slightly since the same time last year. (Thu, 23 Nov 2006 19:51:09 GMT)

Local bankruptcy filings fall 84 percent
Changes made to federal bankruptcy laws last year have not had as much of an impact on businesses as they have had on individual consumers, according to bankruptcy attorneys. (Fri, 24 Nov 2006 07:50:23 GMT)

Debt pushes up bankruptcy cases
The number of Lancashire people who have applied for bankruptcy due to spiralling debt has increased. (24/11/2006 10:20:01) (Fri, 24 Nov 2006 10:27:26 GMT)

Indian Diamonds’ Biggest U.S. Buyer Files for Bankruptcy
Mumbai: One of the largest importers of Indian cut and polished diamonds, the U.S. based and privately owned Fabrikant has filed for bankruptcy protection as it is unable to pay off its debts, amounting to $363 million. (Fri, 24 Nov 2006 11:40:36 GMT)

Delta Connection Comair Pilots to Informational Picket New York Bankruptcy Court
The pilots of Comair, represented by the Air Line Pilots Association, International , will conduct informational picketing at the U.S. Bankruptcy Court, Southern District of New York. (Fri, 24 Nov 2006 22:02:00 GMT)

Dorsey Trailer Bankruptcy Hearing
The sale of Coffee County’s one-time largest private employer appears to be one-step closer to reality. This week a hearing was held on Dorsey Trailer in Montgomery bankruptcy court. (Fri, 24 Nov 2006 23:56:43 GMT)

Bankruptcy is weak hand as online gambling debt rises
UNTIL recently gamblers at least had to make a little effort in order to lose their hard earned cash. For a start they had to leave the comfort of their own homes before withdrawing cash and heading to the nearest bookies. (Sat, 25 Nov 2006 00:32:48 GMT)

Simpson County ranks fourth on bankruptcy list
If you were to fill a room with 1,000 people from Simpson County, you could guess about 11 of them filed for personal bankruptcy in 2003, according to a study by the Federal Reserve Bank of St. Louis. (Sat, 25 Nov 2006 06:08:59 GMT)

Fire-ravaged mill was built from ashes of bankruptcy
HAMMOND | Dietrich Gross bought Advanced Aluminum Products Inc. out of bankruptcy in 1992 and set about rebuilding its Hammond mill through technical innovation and aggressive business tactics. (Sat, 25 Nov 2006 07:25:43 GMT)

South Bend musical instrument seller files bankruptcy
South Bend, Ind. - A California company has offered to buy one of the country's largest sellers of musical instruments after it filed for bankruptcy protection. (Sat, 25 Nov 2006 18:36:25 GMT)

Winn-Dixie emerges from bankruptcy
JACKSONVILLE, Fla. — Grocery chain Winn-Dixie exited bankruptcy protection 21 months after it filed for protection due to huge losses. The new Winn-Dixie has about one-third fewer employees and operates in just five states. Among those dropped was South Carolina. Shares in Winn-Dixie will soon begin trading on Nasdaq under the WINN stock symbol. (Sun, 26 Nov 2006 05:04:29 GMT)

Fabrikant files voluntary petitions for Chapter 11 bankruptcy
New York—M. Fabrikant and Sons Inc. and its domestic subsidiary Fabrikant-Leer International Ltd. have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code. (Sun, 26 Nov 2006 05:10:09 GMT)

Simpson County ranks fourth on bankruptcy list
If you were to fill a room with 1,000 people from Simpson County, you could guess about 11 of them filed for personal bankruptcy in 2003, according to a study by the Federal Reserve Bank of St. Louis. (Sun, 26 Nov 2006 06:08:59 GMT)

Hunt: Bounce back from bankruptcy by using cash only
Dear Mary: Please give me some pointers on bouncing back from bankruptcy. Will this have any effect on future employment opportunities? – Henry S., e-mail (Sun, 26 Nov 2006 07:30:24 GMT)

TOM WALSH: Michigan ought to look for upside of upheaval
My buddy at the gym in Farmington Hills was bemoaning the dreadful Michigan housing market a few days ago. Sales at his building supplies business are down 56% this year. He knows plumbers in bankruptcy, guys who have left town to work on New Orleans reconstruction or other projects down South, just to scrape up a few bucks to send to families back home. (Sun, 26 Nov 2006 09:31:14 GMT)

Owner of Selen's restaurant files for bankruptcy
Demo Corp., which ran Selen's House of Prime restaurant in Cudahy, has filed voluntarily for Chapter 7 bankruptcy. (Mon, 27 Nov 2006 06:21:17 GMT)

Bankruptcy filings
This bankruptcy was filed Nov. 17 in U.S. District Court, Indianapolis, for the Southern District of Indiana. D-debt; A-assets. (Mon, 27 Nov 2006 07:48:35 GMT)

Bankruptcy Risk for Divorced, Separated and Single Parents
Single parents and people who are divorced or separated are particularly vulnerable to bankruptcy, insolvency and other problems associated with serious debt, say debt help experts The Debt Counsellors following analysis of their Annual UK Debt Survey 2006. (PRWeb Nov 27, 2006) Trackback URL: http://www.prweb.com/chachingpr. (Mon, 27 Nov 2006 08:26:16 GMT)

Tithing in bankruptcy runs into legal roadblock
It took me a while before I had faith enough to tithe. (Mon, 27 Nov 2006 08:35:46 GMT)

USDTV is rescued from bankruptcy
USDTV, the US low-cost digital TV service, has been acquired from bankruptcy by Colorado-based investment group NexGen Telecom, an early investor in the business. Financial terms were not disclosed. (Mon, 27 Nov 2006 09:41:35 GMT)

Eurotunnel creditors vote on financial rescue proposals
Creditors of the debt-ridden Channel tunnel operator Eurotunnel were meeting to vote on proposals to restructure the company's finances to avert a threat of bankruptcy. (Mon, 27 Nov 2006 10:37:12 GMT)

Bankruptcy Risk for Divorced, Separated and Single Parents
The Debt Counsellors Annual UK Debt Survey 2006 has shown that single parents and people who are divorced or separated are particularly vulnerable to bankruptcy, insolvency and other problems associated with serious debt. (Mon, 27 Nov 2006 12:00:00 GMT)

Foamex says bankruptcy court OKs funding plans
CHICAGO, Nov 27 (Reuters) - Bankrupt foam products maker Foamex International Inc. said on Monday that the bankruptcy court has approved its funding commitments and a disclosure statement describing its reorganization plan (Mon, 27 Nov 2006 22:00:56 GMT)

Delta to Allow Retired Pilots to Expand Bankruptcy Claim
Delta Air Lines agreed to give its retired pilots an additional $719 million in unsecured claims in its bankruptcy case. (Tue, 28 Nov 2006 04:29:33 GMT)

Delta bankruptcy: Retirees agree to pension settlement
Some retired Delta Air Lines pilots will get about $800 million in claims in the carrier's bankruptcy case to compensate them for lost pension benefits, airline and retiree representatives said Monday. (Tue, 28 Nov 2006 06:55:39 GMT)

BANKRUPTCY HEARING: Comair: Pilot cuts necessary for survival
Delta Air Lines Inc.'s commuter unit Comair Holdings told a bankruptcy judge it needs to throw out a labor agreement with pilots and impose $15.8 million in pay and benefit cuts to ensure the company's survival. (Tue, 28 Nov 2006 08:46:14 GMT)

Walterman bankruptcy still impacting community, farmers
DIKE --- Uncertainty surrounds the former Walterman Implement more than a year after the farm equipment dealership was forced into bankruptcy. Customers lost thousands of dollars as a result. At least one is still battling creditors due to alleged illegal business practices by owner Leon Walterman. (Tue, 28 Nov 2006 10:10:40 GMT)

What to do when bankruptcy is dismissed
Because you're filing without legal representation, you missed an important deadline, so you'll have to re-file, says the Bankruptcy Adviser. (Tue, 28 Nov 2006 11:00:00 GMT)

Trustee dismisses bankruptcy
Dear Bankruptcy Adviser, We just received a dismissal of our bankruptcy from the trustee. What does this mean? Does this mean my husband's check will not be garnished? We were dismissed due to not sending them copies of our tax return. (Tue, 28 Nov 2006 12:44:26 GMT)

Bankruptcy judge says Comair pilots won't see takeover documents
New York -- A federal bankruptcy judge on Monday quashed subpoenas by a pilots union seeking documents related to a hostile takeover bid for Delta Air Lines Inc. and testimony from its chief executive. (Tue, 28 Nov 2006 12:52:22 GMT)

New Boise Place developer has history of bankruptcy
BOISE - The Tower project in downtown Boise at 8th & Main is certainly no stranger to bankruptcy - and, apparently, neither is its new developer. Now, the man behind the Boise Place admits filing Chapter 11 Bankruptcy several times. (Wed, 29 Nov 2006 06:53:48 GMT)

Kara Homes bankruptcy means end of condo plan
KEYPORT - Now that Kara Homes has filed for bankruptcy, the condo development slated for the corner of West Front and Beers streets has been scrapped. (Wed, 29 Nov 2006 07:16:38 GMT)

South Beach Community Hospital sold for $2.4 million in bankruptcy court
South Beach Community Hospital, a closed facility that has been admonished by federal and state regulators, was sold in bankruptcy court Tuesday to a group that includes a local heart surgeon. (Wed, 29 Nov 2006 08:09:02 GMT)

Start Fresh Today Instructional, LLC Re-approved by U.S. Trustee as Provider of Bankruptcy Debtor Education Courses
Start Fresh Today Instructional, LLC (SFTI) has been providing quality, affordable U.S. Trustee approved Debtor Education Courses to consumer bankruptcy petitioners since May 9, 2006. Now, SFTI has completed the required initial six-month probationary period and is fully approved to provide Debtor Education Courses to bankruptcy petitioners in all jurisdictions under review by the U.S. Trustee. (Wed, 29 Nov 2006 08:41:16 GMT)

Out of bankruptcy, but not court
Winn-Dixie Stores Inc. officially emerged from Chapter 11 bankruptcy last week, but court proceedings in the case are far from over. (Wed, 29 Nov 2006 11:23:52 GMT)

Alleged Shutter Scammer Arrested After Bankruptcy Hearing
The Broward Sheriff?s Office has charged a hurricane shutter contractor with 25 counts of grand theft and 25 counts of contracting without a license during a state of emergency for allegedly taking money from storm victims and giving them nothing in return. (Wed, 29 Nov 2006 16:50:24 GMT)

Comair pilots’ attorneys push executives in U.S. Bankruptcy Court
NEW YORK (AP) — Attorneys for Comair’s pilot union questioned executives in U.S. Bankruptcy Court Tuesday, laying the groundwork to argue the regional carrier fails to meet the legal tests required to impose pay cuts. (Wed, 29 Nov 2006 16:52:42 GMT)

Bankruptcy king: more defaults coming
Wilbur Ross expects bankruptcies in Europe, United States to surge in '07 due to rising debt levels. (Wed, 29 Nov 2006 19:30:50 GMT)

Pilots union begins testimony in Comair bankruptcy case
The union representing Comair pilots testified Wednesday that pilots narrowly ratified a January agreement that contained terms more favorable to the company than those in the proposal now before a bankruptcy court. (Thu, 30 Nov 2006 07:46:24 GMT)

Compromise on bankruptcy laws is blasted
A LAST-MINUTE compromise over new bankruptcy laws was dismissed today by anti-poverty campaigners who said it still meant people could lose their homes for debts of just £3000. (Thu, 30 Nov 2006 12:47:50 GMT)

Bankruptcy Risked By Divorced, Separated And Single Parents
Survey by debt help experts The Debt Counsellors shows divorced or separated people and single parents among groups most at risk from bankruptcy a ... (Thu, 30 Nov 2006 15:14:03 GMT)

Bankruptcy judge approves Delphi SEC settlement
NEW YORK, Nov 30 (Reuters) - A bankruptcy judge approved auto parts maker Delphi Corp.'s settlement with the U.S. Securities and Exchange Commission on Thursday involving civil fraud charges that stemmed from years of accounting improprieties. (Thu, 30 Nov 2006 19:18:50 GMT)

Bankruptcy reforms passed by MSPs
New laws that aim to tackle Scotland's growing debt problem have been backed by MSPs. (Thu, 30 Nov 2006 20:41:01 GMT)

Delphi Bankruptcy Settlement Approved
(TV-5) -- A Federal Bankruptcy Judge has approved a settlement between the Securities and Exchange Commission, Delphi and a handful of people accused of participating in accounting fraud. (Thu, 30 Nov 2006 22:23:23 GMT)

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