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Home > Bankruptcy News

Bankruptcy News Feb 2009

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City disappointed in Renew Energies bankruptcy filing
JEFFERSON - This week's Chapter 11 bankruptcy filing of Renew Energies is a disappointment for the city of Jefferson, but the city's mayor, Gary Myers, said Friday it is something he believes the mammoth ethanol producer can withstand. (Sun, 01 Feb 2009 01:09:12 GMT)

Bankruptcy Filings Rise 75 Percent
With the isle economy faltering, bankruptcy filings in Hawaii are rising quickly, but the rate still remains among the lowest in the nation. (Sun, 01 Feb 2009 01:42:00 GMT)

Wellman Emerges from Bankruptcy as a Strong PET Resins Company
HANCOCK COUNTY, Miss.----Wellman, Inc. announced today that it has completed the necessary requirements to emerge from bankruptcy and has filed a "Notice of Effective Date" with the Bankruptcy Court for the Southern District of New York. (Sun, 01 Feb 2009 02:28:00 GMT)

The Bankruptcy Option
If you're trying to hold on to a house you can't afford, you might consider filing Chapter 7 bankruptcy. If your petition is accepted by a bankruptcy court, your assets, including your house, would be sold to satisfy creditors but all debts would be discharged at the end. Then you could rent for two years and buy again in a saner market. (Sun, 01 Feb 2009 05:00:00 GMT)

The Bankruptcy Option
If you're trying to hold on to a house you can't afford, you might consider filing Chapter 7 bankruptcy. If your petition is accepted by a bankruptcy court, your assets, including your house, would be sold to satisfy creditors but all debts would be discharged at the end. Then you could rent for two... (Sun, 01 Feb 2009 05:00:00 GMT)

Tappan iron company files for bankruptcy protection
A Rockland County company that makes and installs ironwork in commercial buildings and schools is having trouble collecting money from property owners, forcing the company to file for bankruptcy protection from its own creditors. (Sun, 01 Feb 2009 07:46:02 GMT)

Smurfit files for bankruptcy
Smurfit-Stone Container Corp. operations, including the mill and box plant in Fernandina Beach, were continuing normally Tuesday after the company announced that it had filed for bankruptcy protection. (Sun, 01 Feb 2009 13:37:22 GMT)

DRAM Prices Spike After Qimonda Bankruptcy
DRAM chip prices spiked last week over supply concerns after chip maker Qimonda filed for bankruptcy protection in Germany, and prices will likely continue to climb, Gartner said Monday. (Mon, 02 Feb 2009 01:10:12 GMT)

Give bankruptcy judges a chance to fix home loans
You know you're in a tight spot when Bankruptcy Court begins to look like the least bad solution to a pressing economic problem. But the housing foreclosure situation is pretty ugly, so there we are. (Mon, 02 Feb 2009 04:26:15 GMT)

DRAM Prices Spike After Qimonda Bankruptcy
DRAM prices spiked last week over supply concerns after Qimonda filed for bankruptcy protection. (Mon, 02 Feb 2009 08:33:20 GMT)

Update: DRAM prices soar after Qimonda bankruptcy
DRAM chip prices soared in Asia on Monday after traders returned from the week long Lunar New Year holiday in China and Taiwan and faced up to supply chain concerns after chip maker Qimonda's bankruptcy filing. The price of the benchmark chips, 1-gigabit DDR2 (double data rate, second generation) DRAM chips that run at 667MHz, rose 27 percent to US$1.08 each, DRAMeXchange Technology ... (Mon, 02 Feb 2009 13:08:35 GMT)

Renew Energy, Wisconsin Ethanol Producer, Files for Bankruptcy
Feb. 2 (Bloomberg) -- Renew Energy LLC , the ethanol producer based in Jefferson, Wisconsin, filed for bankruptcy protection from creditors and plans to sell itself amid falling prices for the grain-based fuel and rising costs for corn. (Mon, 02 Feb 2009 15:27:53 GMT)

Rockett, Burkhead & Winslow files for bankruptcy
Advertising agency Rockett, Burkhead & Winslow Inc. has filed for Chapter 11 bankruptcy protection. (Mon, 02 Feb 2009 15:53:00 GMT)

Growing number resorting to bankruptcy
As job losses mount, home prices fall and consumers find themselves unable to keep up with their bills and debt, a growing number are resorting to bankruptcy. (Mon, 02 Feb 2009 16:21:41 GMT)

Game publisher Brighter Minds files for bankruptcy
Game publisher Brighter Minds Media has filed for Chapter 11 bankruptcy. In so doing they retain control of the business, but have a chance to sort themselves out and possibly continue with their business. Brighter Minds concentrated on publishing family friendly and multimedia titles. Their biggest recent publishing deal was for the indie hit World of [...] (Mon, 02 Feb 2009 16:41:27 GMT)

Raleigh ad agency seeks bankruptcy protection
The Raleigh advertising agency RBW, formerly known as Rockett Burkhead & Winslow, has filed for bankruptcy protection. (Mon, 02 Feb 2009 16:44:34 GMT)

The Business of Bankruptcy
Bankruptcy. It’s a word that strikes fear in the hearts of creditors and even debtors. But it’s also a word that means business—more business than you can shake a stick at for attorneys specializing in that practice area these days. (Mon, 02 Feb 2009 16:49:08 GMT)

Lehman bankruptcy judge charged with assaulting wife
A New York judge assigned to the Lehman Brothers bankruptcy case was charged early on Sunday morning with attempted assault and harassment against his wife, a court spokeswoman said. (Mon, 02 Feb 2009 22:38:42 GMT)

Carlyle-Owned Auto Parts Maker Enters Bankruptcy
A German auto parts manufacturer owned by Carlyle Group declared bankruptcy yesterday, causing the District-based private-equity giant to lose its $180 million investment, a Carlyle spokesman said yesterday. (Tue, 03 Feb 2009 05:00:00 GMT)

More Toledo firms pick closure, not bankruptcy court
When Toledo's Plabell Rubber Co. folded in 2006 after six decades, it didn't so much implode as quietly fade away. The rubber-products producer that was founded in 1945 by two World War II veterans shut its doors without filing for bankruptcy or paying thousands of dollars owed to the state of Ohio, Columbia Gas, and other creditors. The stealth with which the firm disappeared is not ... (Tue, 03 Feb 2009 09:46:43 GMT)

Dana fights to distance itself from bankruptcy
A year after emerging from the shelter of bankruptcy protection, Dana Holding Corp. is spending its first birthday trying to figure out a way to get to its second. The Toledo auto parts manufacturer has cut 6,000 jobs, closed four factories, and undergone an executive shuffle since emerging from 23 months of Chapter 11 bankruptcy protection on Jan. 31, 2008. Meanwhile, its common stock - ... (Tue, 03 Feb 2009 11:01:46 GMT)

Governor says budget delays could prompt bankruptcy
ALBANY -- Gov. David A. Paterson, trying to blunt special interests looking to delay his plan to drive through budget cuts this week, said the state must act quickly to resolve its fiscal problems or risk “economic crisis if not bankruptcy.” (Tue, 03 Feb 2009 13:55:55 GMT)

States Biggest Ethanol Plant Files for Bankruptcy Protection
The company that runs Wisconsin's biggest ethanol plant has filed for bankruptcy reorganization. (Tue, 03 Feb 2009 14:16:01 GMT)

The Business of Bankruptcy
Bankruptcy. It’s a word that strikes fear in the hearts of creditors and even debtors. But it’s also a word that means business—more business than you can shake a stick at for attorneys specializing in that practice area these days. (Tue, 03 Feb 2009 15:03:27 GMT)

Bankruptcy Becomes More Appealing To Many
A shrinking U.S. workforce and an unstable banking industry has Americans desperate for options to remain financially afloat. For many, it means considering bankruptcy. More than a million Americans filed for the special protection in 2008, according to U.S. court records. Money coach Alvin Hall discusses when bankruptcy should be an option, and when shorter-term measures will do. (Tue, 03 Feb 2009 15:17:52 GMT)

Bankruptcy lawyers find profit in bad times
The dismal economy has created a demand for bankruptcy lawyers, who in some cases have seen their business rise 30 percent in the last year. (Tue, 03 Feb 2009 15:36:06 GMT)

Boomer Bankruptcy Strains Retirement
Having to file for bankruptcy adds risk and steals the luster from your golden years. (Tue, 03 Feb 2009 16:07:15 GMT)

Spectrum Brands files for bankruptcy protection
Spectrum Brands Inc., the maker of Rayovac batteries and Remington shavers, filed for Chapter 11 bankruptcy protection Tuesday under a heavy debt load. (Tue, 03 Feb 2009 22:04:00 GMT)

Station Casinos Proposes Prepackaged Bankruptcy to Cut Debt
Feb. 4 (Bloomberg) -- Station Casinos Inc. , the Las Vegas gambling company taken private by management and Colony Capital LLC in 2007, proposed filing for bankruptcy in collaboration with lenders as it struggles to pay the debt from the buyout. (Wed, 04 Feb 2009 05:56:18 GMT)

Maerklin files for bankruptcy
German model railway maker Maerklin has sought bankruptcy protection from creditors. The company says it failed to secure new credit from banks. (Wed, 04 Feb 2009 11:09:43 GMT)

Carlyle Hit by Edscha Bankruptcy Filing
Edscha , a German auto parts manufacturer owned by Carlyle Group , sought bankruptcy protection this week, causing Carlyle to lose its $180 million investment. (Wed, 04 Feb 2009 12:54:26 GMT)

Interstate Bakeries emerges from bankruptcy
Interstate Bakeries Corp. on Tuesday emerged from four-and-a-half years of Chapter 11 bankruptcy. (PBG) (Wed, 04 Feb 2009 14:18:16 GMT)

Fortunoff shutters NYC store, stoking bankruptcy rumors
The Manhattan location of Fortunoff, a beloved Long Island retailer and anchor for The Source mall in Westbury, is closing, fueling speculation that the Westbury-based store is headed for bankruptcy - again. (Wed, 04 Feb 2009 14:18:26 GMT)

Retail giant Baugur applies for bankruptcy protection
Icelandic retail investor Baugur, which holds stakes in British high street stores House of Fraser, French Connection and Debenhams, said Wednesday it had applied for bankruptcy protection. (Wed, 04 Feb 2009 15:55:52 GMT)

Lyondell Case Shows Bankruptcy Loans Are Available for a Price
Feb. 4 (Bloomberg) -- Lyondell Chemical Co. obtained the biggest bankruptcy loan in history last month, the product of an eight-hour hearing running past midnight in a darkened Manhattan courthouse where hedge funds and banks fought to join the deal. (Wed, 04 Feb 2009 16:31:08 GMT)

Retail giant Baugur seeks bankruptcy protection
Icelandic retail investor Baugur, which has stakes in British high street stores including French Connection, House of Fraser and Debenhams, said Wednesday it had applied for bankruptcy protection. (Wed, 04 Feb 2009 16:49:44 GMT)

Retail giant Baugur seeks bankruptcy protection
Icelandic retail investor Baugur, which has stakes in British high street stores including French Connection, House of Fraser and Debenhams, said Wednesday it had applied for bankruptcy protection. (Wed, 04 Feb 2009 16:49:44 GMT)

Maerklin files for bankruptcy protection
Famed German model railway maker Maerklin filed for bankruptcy protection from creditors on Wednesday after it failed to secure new credit from banks. (Wed, 04 Feb 2009 16:52:11 GMT)

Merita's owner rises from bankruptcy
The maker of Hostess Twinkies and Wonder Bread has emerged from more than four years of bankruptcy. (Thu, 05 Feb 2009 11:02:22 GMT)

Noble Denton Withdraws Bankruptcy Petition Against Thule Drilling
The Administration and Board of Directors of Thule Drilling have announced that Noble Denton last night withdrew its bankruptcy petition against the Company. (Thu, 05 Feb 2009 15:17:52 GMT)

Bruno’s Supermarkets Files for Bankruptcy Protection in Alabama
Feb. 5 (Bloomberg) -- Bruno’s Supermarkets LLC, owner and operator of 23 Bruno’s and 43 Food World grocery stores, sought bankruptcy protection from creditors. (Thu, 05 Feb 2009 15:20:08 GMT)

Bruno's Supermarkets Files for Bankruptcy
Birmingham-based Bruno's Supermarkets is filing for bankruptcy... (Thu, 05 Feb 2009 15:29:07 GMT)

Fortunoff, Luxury Goods Retailer, Seeks Bankruptcy Protection
Feb. 5 (Bloomberg) -- Fortunoff Fine Jewelry & Silverware LLC, the luxury goods chain that closed its flagship Manhattan store last month, filed for bankruptcy a year after it last sought Chapter 11 court protection. (Thu, 05 Feb 2009 15:43:37 GMT)

Alabama grocer Bruno's files for bankruptcy court protection
Birmingham-based Bruno's Supermarkets LLC said this morning that it would file for Chapter 11 bankruptcy protection, but would continue its business operations. The company said it believed cash from operations would be enough to meet normal business obligations but is... (Thu, 05 Feb 2009 16:08:21 GMT)

The Business of Bankruptcy
Bankruptcy. It’s a word that strikes fear in the hearts of creditors and even debtors. But it’s also a word that means business—more business than you can shake a stick at for attorneys specializing in that practice area these days. (Thu, 05 Feb 2009 16:33:22 GMT)

Fortunoff, Luxury Goods Seller, Files for Bankruptcy (Update1)
Feb. 5 (Bloomberg) -- Fortunoff Holdings LLC, the luxury goods chain that closed its flagship Manhattan store last month, filed for bankruptcy a year after it last sought Chapter 11 court protection. (Thu, 05 Feb 2009 16:55:57 GMT)

Fortunoff Files for Bankruptcy Again
Fortunoff , the jewelry store chain that sold itself to the owner of Lord & Taylor last year, is again seeking bankruptcy. The company on Tuesday filed for Chapter 11 bankruptcy protection in federal court in southern Manhattan, on a day that many retailers reported a veritable sea of red ink. (Thu, 05 Feb 2009 17:39:13 GMT)

Fortunoff jewelry, home chain files for bankruptcy
Fortunoff, a chain of housewares stores in the Northeast, said Thursday it has filed for Chapter 11 bankruptcy protection and is seeking a buyer. (Thu, 05 Feb 2009 18:16:11 GMT)

CORRECTED: Fortunoff files for Chapter 11 bankruptcy
U.S. regional retailer Fortunoff filed for Chapter 11 bankruptcy protection on Thursday and said it will try to sell the business, but if it cannot it will close its doors. (Thu, 05 Feb 2009 21:07:04 GMT)

Fortunoff files for Chapter 11 bankruptcy
U.S. regional luxury retailer Fortunoff filed for Chapter 11 bankruptcy protection on Thursday and said it will try to sell the business, but if it cannot it will close its doors. (Thu, 05 Feb 2009 22:56:51 GMT)

The Maker of Twinkies Is Fresh From Bankruptcy
Interstate Bakeries, the maker of Twinkies and other snack foods, had powerful help emerging from bankruptcy protection. (Fri, 06 Feb 2009 04:11:10 GMT)

Ssangyong wins bankruptcy protection
Ssangyong Motor Company bought itself time to attempt a turnaround on Friday, receiving court approval for bankruptcy protection. (Fri, 06 Feb 2009 07:50:33 GMT)

The Maker of Twinkies Is Fresh From Bankruptcy
They survived everything from the Great Depression to the Atkins Diet. And now Twinkies have even endured bankruptcy. After more than four years, their maker, Interstate Bakeries , emerged from bankruptcy protection this week, The New York Times’s Michael J.de la Merced reports. (Fri, 06 Feb 2009 12:40:34 GMT)

Monterey's Pasadera Country Club files for bankruptcy protection, citing $1 million in annual losses
Citing annual losses of more than $1 million in recent years, the owners of Pasadera Country Club plan to file for bankruptcy reorganization today. (Fri, 06 Feb 2009 16:09:43 GMT)

Milwaukee bus broadcast operator in bankruptcy
The company that broadcasts news, weather, advertisements and other material on Milwaukee County buses has filed for bankruptcy. (Fri, 06 Feb 2009 16:19:06 GMT)

Treasury hires bankruptcy firms to advise on auto plans
WASHINGTON — The U.S. Treasury has hired two law firms with extensive experience in bankruptcy to advise it on the restructuring of General Motors Corp. and Chrysler LLC. (Fri, 06 Feb 2009 16:56:23 GMT)

Delphi Value May Be Too Low to Pay Bankruptcy Lenders (Update1)
Feb. 6 (Bloomberg) -- Delphi Corp. , the biggest supplier to General Motors Corp. , said its value has fallen so much that the company may not be able to cover debts accrued since filing for bankruptcy in 2005, including a $4.35 billion loan. (Fri, 06 Feb 2009 21:25:57 GMT)

U.S. hires bankruptcy firms for automakers
DETROIT, Feb. 6 (UPI) -- U.S. officials have hired two law firms with bankruptcy expertise to advise on the restructuring of General Motors Corp. and Chrysler LLC, the companies said. (Sat, 07 Feb 2009 01:24:00 GMT)

Bowl & Board in bankruptcy
Bowl & Board, the housewares chain best-known for the Harvard Square store that operated for four decades, has filed for Chapter 11 bankruptcy protection. Owner Mark... (Sat, 07 Feb 2009 05:06:22 GMT)

REAL ESTATE: Couple known for high-end real estate fall into bankruptcy
A couple who made a name and fortune in high-class coastal real estate have crashed into bankruptcy and are asking a court to erase more than $40 million in debt, including $625,000 that stemmed from alleged misuse of a helicopter loan. (Sat, 07 Feb 2009 08:31:21 GMT)

Charter Hires Bankruptcy Lawyer
Charter Communications has hired a lawyer with expertise in assisting corporations through bankruptcy reorganizations, according to published reports. (Sat, 07 Feb 2009 11:29:45 GMT)

Two Queens Hospitals File for Bankruptcy
Two Queens hospitals that employ 2,500 workers have filed for bankruptcy and could close within a matter of weeks. READ MORE>> (Sat, 07 Feb 2009 12:55:20 GMT)

St. John’s, Mary Immaculate to file for bankruptcy
After a week of frantic negotiations failed, the cash-strapped St. John’s Hospital in Elmhurst and Mary Immaculate Hospital in Jamaica announced they would file for Chapter 11 bankruptcy and close down over the next few weeks. (Sat, 07 Feb 2009 16:38:25 GMT)

The Business of Bankruptcy
Bankruptcy. It’s a word that strikes fear in the hearts of creditors and even debtors. But it’s also a word that means business—more business than you can shake a stick at for attorneys specializing in that practice area these days. (Sat, 07 Feb 2009 16:48:22 GMT)

Bankruptcy court hearing Monday for SE La hospital
BATON ROUGE, La. -- The state health department, Iberville Parish and other creditors want the federal bankruptcy court in Baton Rouge to take over a struggling southeast Louisiana... (Sat, 07 Feb 2009 20:45:59 GMT)

LyondellBasell bankruptcy could be problem for schools
Not only did LyondellBasell Industries' bankruptcy filing last month create worries about the fate of thousands of jobs in Texas, it left the state with another unwelcome burden: $113 million in unpaid property taxes. (Sun, 08 Feb 2009 06:00:08 GMT)

LaBarge Purchase, Customer Bankruptcy Decrease Earnings
SPRINGDALE -- The December purchase of one firm and the bankruptcy of another affected second-quarter and six-month sales for defense contractor and manufacturer LaBarge Inc. (Sun, 08 Feb 2009 06:37:00 GMT)

File 11 for hope: In today's economy, bankruptcy protection can be a tool to become stronger
Lonnie Wallace, president of Jim Palmer Trucking, flips through the company's new business plan last week in his office. The company filed for Chapter 11 bankruptcy six months ago. “We didn't see our bankruptcy coming,” says Wallace. “But now that we are in it, we realize it's a good thing.” (Sun, 08 Feb 2009 06:50:14 GMT)

Fortunoff files for bankruptcy protection
Fortunoff, a jewelry and home furnishings retailer with stores in White Plains and Nanuet, is seeking bankruptcy protection for the second time. The Chapter 11 filing comes one year after a Westchester County equity firm rescued the company from an earlier bankruptcy filing. (Sun, 08 Feb 2009 07:46:20 GMT)

Fortunoff jewelry, home chain files for bankruptcy
WESTBURY, N.Y. - Fortunoff, a chain of housewares stores in the Northeast, said today that it has filed for Chapter 11 bankruptcy protection and is seeking a buyer. (Sun, 08 Feb 2009 07:48:11 GMT)

'The Hitch' declares bankruptcy
CHEYENNE -- Long a hotspot for Wyoming legislators and lobbyists, Cheyenne's Ramada Hitching Post Inn faces an uncertain future after filing for Chapter 11 bankruptcy protection this week, midway through the legislative session. (Sun, 08 Feb 2009 10:01:07 GMT)

'City' bankruptcy will short-circuit economy
Circuit City will finally flicker out when its last 567 stores close this year, but the bankruptcy of the nation's second-largest electronics retailer will ripple across the U.S. economy for years. (Sun, 08 Feb 2009 10:39:59 GMT)

Twinkies bounce back from bankruptcy
They survived everything from the Great Depression to the Atkins Diet. And now Twinkies have even endured bankruptcy. (Sun, 08 Feb 2009 11:03:10 GMT)

The Business of Bankruptcy
Bankruptcy. It’s a word that strikes fear in the hearts of creditors and even debtors. But it’s also a word that means business—more business than you can shake a stick at for attorneys specializing in that practice area these days. (Sun, 08 Feb 2009 16:33:22 GMT)

It Holding’s Ittierre Unit to File for Bankruptcy (Update1)
Feb. 9 (Bloomberg) -- IT Holding SpA , owner of the Gianfranco Ferre fashion label, said its main production and licensing unit, Ittierre SpA, will file for bankruptcy protection after failing to find adequate funding. (Mon, 09 Feb 2009 07:58:24 GMT)

It Holding’s Ittierre Unit to File for Bankruptcy (Update2)
Feb. 9 (Bloomberg) -- IT Holding SpA , owner of the Gianfranco Ferre fashion label, said Ittierre SpA, its main production and licensing unit, will file for bankruptcy protection after failing to find adequate funding. (Mon, 09 Feb 2009 09:16:32 GMT)

Gianfranco Ferre group sees 'probable' bankruptcy
Italian fashion group IT Holding, home to the Gianfranco Ferre label, said on Monday it would probably file for bankruptcy protection after one of its main units ran into financial difficulties. (Mon, 09 Feb 2009 11:06:36 GMT)

Subhiksha To Sell Stake; Rules Out Bankruptcy
(RTTNews) - Retail Chain Subhiksha's Trading Services Managing Director, R Subramanian said that the company which is short of cash would consider a stake sale to arrange Rs.300 crore to meet immediate operational requirements and ruled out bankruptcy, reported the PTI. (Mon, 09 Feb 2009 12:01:40 GMT)

Mimi back from bankruptcy brink
WE wondered how she planned on bouncing back from bankruptcy - now we hear Mimi Macpherson has been recruited to co-present a breakfast radio show. (Mon, 09 Feb 2009 13:00:00 GMT)

Amid ailing economy, payday loans pushing some into bankruptcy
Billie Kroeker and her husband once chased easy payday loans with more loans. They fell into bankruptcy when their financial hole became too deep. (Mon, 09 Feb 2009 14:28:11 GMT)

S&K Famous Brands files for bankruptcy protection
NEW YORK, Feb 9 (Reuters) - S & K Famous Brands Inc , which operates men's clothing stores mostly in mid-Atlantic states and the Carolinas, filed for Chapter 11 bankruptcy protection on Monday, hurt by sagging sales and the U.S. credit crunch, according to court documents. (Mon, 09 Feb 2009 16:29:43 GMT)

GM, Chrysler May Face Bankruptcy to Protect U.S. Debt (Update3)
Feb. 9 (Bloomberg) -- General Motors Corp. and Chrysler LLC may have to be forced into bankruptcy by the U.S. government to assure repayment of $17.4 billion in federal bailout loans, a course of action the automakers claim would destroy them. (Mon, 09 Feb 2009 16:43:47 GMT)

The Business of Bankruptcy
Bankruptcy. It’s a word that strikes fear in the hearts of creditors and even debtors. But it’s also a word that means business—more business than you can shake a stick at for attorneys specializing in that practice area these days. (Mon, 09 Feb 2009 16:48:22 GMT)

S&K Famous Brands, Menswear Seller, Seeks Bankruptcy (Update1)
Feb. 9 (Bloomberg) -- S&K Famous Brands Inc. , a menswear retailer with 136 stores throughout the U.S., sought bankruptcy protection from creditors after it failed to restructure outside of bankruptcy. (Mon, 09 Feb 2009 16:58:33 GMT)

GM bankruptcy could speed restructuring: analyst
A bankruptcy filing by General Motors Corp could allow the struggling automaker to reduce its debt more aggressively than an out-of-court restructuring and might not be as damaging as it would have been just a few months ago, an analyst said on Monday. (Mon, 09 Feb 2009 20:28:44 GMT)

Ferre bankruptcy warning as luxury market falls
The Italian owner of the Gianfranco Ferre fashion label warned Monday it may be forced to file for bankruptcy protection because of financial trouble as the economic crisis cuts into the global luxury market. (Mon, 09 Feb 2009 22:01:48 GMT)

Lehman Units Structured Asset, LB Rose File for Bankruptcy
Feb. 10 (Bloomberg) -- Lehman Brothers Holdings Inc. ’s asset securitization unit Structured Asset Securities Corp. and LB Rose Ranch LLC filed for bankruptcy, seeking to wind down with their parent company. (Tue, 10 Feb 2009 06:20:21 GMT)

Chipmaker Spansion Japan files for bankruptcy protection: company
The Japanese subsidiary of flash memory chip maker Spansion Inc. filed for bankruptcy protection Tuesday with debts of more than 800 million dollars, the company said. (Tue, 10 Feb 2009 07:17:41 GMT)

Bankruptcy Boom Is Big Business For Lawyers
As the U.S. economy sours, a growing number of people are being forced into bankruptcy. More than 1 million people filed for bankruptcy last year. This trend is attracting new attorneys to one part of the legal profession — consumer bankruptcy law. (Tue, 10 Feb 2009 10:17:42 GMT)

Spansion Japan Files for Bankruptcy Protection
Spansion Japan filed for bankruptcy protection, parent company Spansion said Monday. (Tue, 10 Feb 2009 10:58:29 GMT)

Spansion subsidiary files for bankruptcy
Spansion Inc., one of the world's largest makers of flash memory chips used in digital cameras and other gadgets, said Tuesday its Japanese subsidiary, Spansion Japan Ltd., has filed for bankruptcy. (Tue, 10 Feb 2009 12:49:00 GMT)

Flash Maker Spansion Japan Files for Bankruptcy
The Japanese unit of flash memory maker Spansion said on Tuesday it has filed for bankruptcy protection, becoming the biggest failure of a manufacturer in Japan this year. (Tue, 10 Feb 2009 14:29:34 GMT)

3 bankruptcy lawyers said to quit Winston & Strawn for Proskauer Rose
Jeff Marwil, Mark Thomas, Paul Possinger making 3rd move in 7 years Two years after joining Winston & Strawn LLP to co-chair its bankruptcy group, attorney Jeff Marwil has decided to leave for a rival law firm. (Tue, 10 Feb 2009 15:34:00 GMT)

Muzak files for Chapter 11 bankruptcy protection
(By Adam Bell, [email protected]) Muzak Holdings LLC, the Fort Mill, S.C. provider of background music to businesses, today announced it has filed for Chapter 11 bankruptcy protection so it can restructure its debt. The company had $105 million in secured bank debt that was due today, part of $440 million worth of debt due between February and March. Last month, Muzak said it ... (Tue, 10 Feb 2009 16:51:06 GMT)

Elevator music maker Muzak files for Chapter 11 bankruptcy
Muzak Holdings, the maker of elevator music, filed for Chapter 11 bankruptcy protection Tuesday. (Tue, 10 Feb 2009 23:05:05 GMT)

Report: Sirius XM prepares for possible bankruptcy
Sirius XM Radio Inc. has hired advisers to prepare for a possible bankruptcy filing, which could come in days, according to a news report. (Tue, 10 Feb 2009 23:59:29 GMT)

Report: Sirius Radio prepares bankruptcy filing
Sirius XM Satellite Radio, the financially troubled radio service, is busy preparing for a possible bankruptcy filing, according to a published report. (Wed, 11 Feb 2009 02:06:00 GMT)

Sirius preparing possible bankruptcy filing: report
Sirius XM Radio Inc has been working with its advisers to prepare for a possible bankruptcy filing, the New York Times reported on its website on Tuesday, citing people close to the company. (Wed, 11 Feb 2009 07:40:05 GMT)

Italy to Name Bankruptcy Administrators for IT Holding Unit
Feb. 11 (Bloomberg) -- Italy’s Industry Ministry is set to name three bankruptcy administrators for IT Holding SpA ’s main production and licensing unit, making the fashion company the third to use an Italian law to help restructure businesses. (Wed, 11 Feb 2009 13:37:53 GMT)

The Takeaway: Sirius Headed for Bankruptcy?
NY Times: Andrew Ross Sorkin and Zachery Kouwe broke the news yesterday that Sirius XM Radio, staggering under a $3.25 billion debt load, had hired bankruptcy advisers in anticipation of a possible Chapter 11 filing. (Wed, 11 Feb 2009 14:06:00 GMT)

Sirius XM may file for bankruptcy protection
The satellite radio company has hired advisers to prepare for a possible bankruptcy protection filing to get protection from creditors while it restructures its finances, people involved in the process said. (Wed, 11 Feb 2009 14:51:21 GMT)

Sirius XM shares drop on reports of possible bankruptcy
Shares of Sirius XM Satellite Radio drop 31% on reports that the company could be close to filing for bankruptcy protection. (Wed, 11 Feb 2009 15:29:02 GMT)

Sirius XM Radio may file for bankruptcy: NYTimes
US satellite radio giant Sirius XM is considering filing for bankruptcy, The New York Times reported Wednesday. (Wed, 11 Feb 2009 15:33:14 GMT)

Sirius tumbles on bankruptcy report
Shares of Sirius XM Radio Inc fell 28 percent on a report about the satellite radio provider's ability to meet its looming debt payments and the possibility that it might seek bankruptcy protection. (Wed, 11 Feb 2009 15:41:34 GMT)

Sirius XM Radio may file for bankruptcy: NYTimes
US satellite radio giant Sirius XM is considering filing for bankruptcy, The New York Times reported Wednesday. (Wed, 11 Feb 2009 16:56:10 GMT)

As Debt Piles Up, Sirius Prepares to Declare Bankruptcy
Sirius XM Radio is preparing for bankruptcy as the satellite radio operator for shock jock Howard Stern struggles to pay off $175 million in debt due next week, according to a source familiar with the company's planning. (Wed, 11 Feb 2009 17:36:01 GMT)

Muzak files for bankruptcy
Muzak, the company that put pop, string-filled arrangements of rock songs in your elevator, filed bankruptcy papers Tuesday after it missed a $105 million payment to creditors. (Thu, 12 Feb 2009 00:08:48 GMT)

Bill Would Let Bankruptcy Judges Block Foreclosures
On Capitol Hill, Democrats are supporting a bill that would let judges block home foreclosures. The measure would allow bankruptcy judges to alter home loans. Industry insiders say that would cause more harm than good, but economists disagree. (Thu, 12 Feb 2009 11:18:56 GMT)

Muzak firm files for bankruptcy
Muzak Holdings, the US company known for providing background music in lifts, files for bankruptcy. (Thu, 12 Feb 2009 15:10:34 GMT)

More Americans turning to bankruptcy
More Americans are turning to, or thinking of turning to, bankruptcy as a way out of their financial distress. (Thu, 12 Feb 2009 15:11:05 GMT)

Mass. bankruptcy filings soar 41 percent in 2008
A new report shows personal bankruptcy filings in Massachusetts soared 41 percent in 2008 compared with the previous year and more than doubled in the past two years. (Thu, 12 Feb 2009 15:50:07 GMT)

Midway, 'Mortal Kombat' creator, files bankruptcy
Midway Games Inc., the creator of the Mortal Kombat video game series, sought bankruptcy protection from creditors to avoid a default under certain loans. (Thu, 12 Feb 2009 16:16:31 GMT)

'Mortal Kombat' publisher files for bankruptcy
Chicago-based video game publisher Midway Games and its U.S. subsidiaries have filed for bankruptcy under Chapter 11, the company said Thursday. (Thu, 12 Feb 2009 16:33:43 GMT)

Midway Games files for bankruptcy protection
Midway Games Inc., best known for its "Mortal Kombat" video games, said Thursday that it filed for Chapter 11 bankruptcy protection. (Thu, 12 Feb 2009 16:43:22 GMT)

"Mortal Combat" videogame maker seeks bankruptcy protection
US videogame veteran Midway Games on Thursday said it has filed for bankruptcy despite strong sales of hot titles such as "Mortal Kombat vs. DC Universe." (Thu, 12 Feb 2009 21:58:10 GMT)

Huge Debt Prompting Bankruptcy of Charter
Charter Communications said that it would file for bankruptcy by April 1 as part of an effort to handle $21 billion in debt. (Fri, 13 Feb 2009 03:24:47 GMT)

Charter Communications to file prearranged bankruptcy
The cable operator says it has reached an agreement with holders of $8 billion in debt, who will accept common shares in lieu of repayment. The filing will not affect subscribers, the company says. . Struggling Charter Communications Inc., the nation's fourth-largest cable operator, said Thursday that it planned to file a prearranged Chapter 11 bankruptcy by April 1. (Fri, 13 Feb 2009 06:55:10 GMT)

Video game publisher Midway Games files for bankruptcy protection
The company known for its Mortal Kombat series took the step after it was sold to an investor, allowing creditors to call in their loans. Seeking to avoid mortal combat with its creditors, Midway Games Inc. filed for Chapter 11 bankruptcy protection Thursday. (Fri, 13 Feb 2009 08:19:04 GMT)

Sirius XM Satellite Radio Faces Bankruptcy
Sirius XM Radio Inc., which has $3.25 billion in debt, faces a deadline next week to repay $175 million. With credit hard to come by, the satellite radio company has few options and could be forced into bankruptcy. (Fri, 13 Feb 2009 10:48:10 GMT)

Ahead of the Bell: Circuit City bankruptcy hearing
Circuit City Stores Inc. is heading back to U.S. Bankruptcy Court Friday to seek approval to auction leases for its remaining properties, including 567 U.S. stores, its corporate headquarters and various distribution centers. (Fri, 13 Feb 2009 11:16:42 GMT)

CanWest bankruptcy a 'possibility'
THE pressure on Network Ten's majority owner, CanWest, is not letting up, and analysts are raising the spectre of bankruptcy for the cash-strapped media group. (Fri, 13 Feb 2009 13:13:09 GMT)

Aleris International files for bankruptcy
Aleris International Inc. said Friday it filed for Chapter 11 bankruptcy as the aluminum product producer seeks to reorganize "in the midst of a significant economic downturn characterized by a marked decrease in demand," particularly from car makers. (Fri, 13 Feb 2009 14:07:42 GMT)

Aleris International US unit files for bankruptcy
Aleris International Inc. said Friday its U.S. operations filed for Chapter 11 bankruptcy as the aluminum product producer seeks to reorganize "in the midst of a significant economic downturn characterized by a marked decrease in demand," particularly from car makers. (Fri, 13 Feb 2009 15:07:10 GMT)

Sirius XM in Talks to Refinance, May File Bankruptcy (Update1)
Feb. 13 (Bloomberg) -- Sirius XM Radio Inc. said it’s in discussions to refinance debt and may be forced to file for bankruptcy as early as Feb. 17 if it fails to complete a transaction. (Fri, 13 Feb 2009 16:26:20 GMT)

Bankruptcy for tainted peanut company
The peanut processing company at the heart of a national salmonella outbreak, Peanut Corp. of America, filed Friday for Chapter 7 bankruptcy liquidation in court in Lynchburg, Va. (Fri, 13 Feb 2009 21:56:26 GMT)

Salmonella-hit peanut company files for bankruptcy
Peanut Corporation of America sought bankruptcy protection on Friday after a salmonella outbreak traced to one of its plants led to one of the biggest product recalls in U.S. history. (Fri, 13 Feb 2009 22:14:06 GMT)

Sirius could file bankruptcy as early as Tuesday
Financially strapped Sirius XM Radio Inc. said Friday that it could file for bankruptcy as early as Tuesday if it cannot successfully negotiate with the holders of its debt. (Fri, 13 Feb 2009 22:36:45 GMT)

Peanut firm in salmonella outbreak files for bankruptcy
Peanut Corp. of America, the peanut processing company at the heart of a national salmonella outbreak, has filed for bankruptcy. (Fri, 13 Feb 2009 23:55:35 GMT)

Peanut Corp. of America files for bankruptcy
The peanut processing company at the heart of a national salmonella outbreak is going out of business. The Lynchburg, Va.-based Peanut Corp. of America filed for Chapter 7 bankruptcy in U.S. Bankruptcy Court in Virginia Friday, the latest bad news for the company that has been accused of producing tainted peanut products that may have reached everyone from poor school children to disaster ... (Sat, 14 Feb 2009 02:24:23 GMT)

Peanut Corp. of America files for bankruptcy
ATLANTA -- The peanut processing company at the heart of a national salmonella outbreak is going out of business. The Lynchburg, Va.-based Peanut Corp. of America filed for Chapter 7 bankruptcy in U.S. Bankruptcy Court in Virginia Friday, the latest bad news for the company that has been accused of... (Sat, 14 Feb 2009 02:24:23 GMT)

Sirius May File for Bankruptcy Protection
Sirius XM Radio said that it could file for bankruptcy protection as early as Tuesday if it could not successfully negotiate with the holders of its debt. (Sat, 14 Feb 2009 04:24:37 GMT)

Peanut Company at Center of Salmonella Scare Files for Bankruptcy Protection
Peanut Corporation of America, the company at the center of the nationwide salmonella scare, has filed for Chapter 7 bankruptcy protection and will begin liquidating its assets as legal claims pile up against it. (Sat, 14 Feb 2009 05:00:00 GMT)

Peanut processor files for bankruptcy
The peanut processing company at the heart of a national salmonella outbreak, Peanut Corp. of America, filed for Chapter 7 bankruptcy liquidation in court Friday in Lynchburg, Virginia. (Sat, 14 Feb 2009 13:10:21 GMT)

GM to ask for more govt aid or file for bankruptcy: report
General Motors plans to ask the Barack Obama administration for billions of dollars more in financial aid, saying that the only alternative to this is a bankruptcy reorganization also financed in part by the US government, The Wall Street Journal reported Saturday. (Sat, 14 Feb 2009 16:36:44 GMT)

Sirius explains bankruptcy risk to debt holders
Financially strapped Sirius XM Radio Inc. said Friday that it could file for bankruptcy as early as Tuesday if it cannot successfully negotiate with the holders of its debt. (Sun, 15 Feb 2009 07:37:02 GMT)

Trump Entertainment may face forced bankruptcy filing: Journal
Trump Entertainment Resorts Inc., the Atlantic City casino group partly held by the real estate investor Donald Trump, may become the subject of an involuntary-bankruptcy filing by the company's bondholders, people familiar with the matter told The Wall Street Journal. (Sun, 15 Feb 2009 08:58:51 GMT)

When a builder files for bankruptcy, it's only the beginning of bad news for buyers.
When a builder files for bankruptcy, it's only the beginning of bad news for buyers. (Sun, 15 Feb 2009 11:48:47 GMT)

GM to raise specter of bankruptcy with feds: report
DETROIT -- General Motors Corp. plans to ask the Obama administration for billions of dollars more in financial aid, saying that the only alternative to this is a bankruptcy reorganization also financed in part by the U.S. government, the Wall Street Journal reported Saturday. (Sun, 15 Feb 2009 14:14:37 GMT)

NH bankruptcy filings keep pace with '08 increase
Bankruptcy filings increased 32 percent last year in New Hampshire, and it's more of the same so far this year. (Sun, 15 Feb 2009 14:30:52 GMT)

Trump quits board as company stares down barrel of bankruptcy
Donald Trump resigned from the board of debt-laden Trump Entertainment Resorts Inc as the company he founded faces a possible bankruptcy this week. (Sun, 15 Feb 2009 15:18:33 GMT)

Bankruptcy Declared by Concert Association of FL
MIAMI (AP) -- The Concert Association of Florida, which was responsible for bringing classical and world music to South Florida, has filed for bankruptcy. (Sun, 15 Feb 2009 16:08:40 GMT)

The Business of Bankruptcy
Bankruptcy. It’s a word that strikes fear in the hearts of creditors and even debtors. But it’s also a word that means business—more business than you can shake a stick at for attorneys specializing in that practice area these days. (Sun, 15 Feb 2009 16:33:42 GMT)

Sirius on the brink of bankruptcy
Financially strapped Sirius XM Radio Inc. says it could file for bankruptcy as early as Tuesday if it cannot reach a deal with the holders of its debt. (Mon, 16 Feb 2009 09:46:30 GMT)

Bankruptcy filings keep pace with '08
MANCHESTER (AP) -- Bankruptcy filings increased 32 percent last year in New Hampshire, and it's more of the same so far this year. ... (Mon, 16 Feb 2009 13:18:19 GMT)

Exploris, Wood Pile LLC Founder Files For Bankruptcy
The founder of Raleigh’s Exploris and Wood Pile LLC has filed for bankruptcy, according to the Triangle Business Journal. (Mon, 16 Feb 2009 14:01:09 GMT)

Young Broadcasting Files for Bankruptcy
Young Broadcasting filed for Chapter 11 late Friday (Feb. 13) in the United State Bankruptcy Court for the Southern District of New York. During the process, the TV group plans to continue operating its 10 TV stations. (Mon, 16 Feb 2009 14:19:37 GMT)

GM mulls Chapter 11 bankruptcy, report says
General Motors Corp, nearing a Tuesday deadline to present a viability plan to the U.S. government, is considering as one option a Chapter 11 bankruptcy filing that would create a new company, the Wall Street Journal reported on the weekend. (Mon, 16 Feb 2009 15:02:01 GMT)

General Motors Nears Deadline To File For Bankruptcy
General Motors Corp, nearing a Tuesday deadline to present a viability plan to the U.S. government, is considering as one option a Chapter 11 bankruptcy filing that would create a new company, the Wall Street Journal said in its Saturday edition. (Mon, 16 Feb 2009 16:11:59 GMT)

Owner of WBAY-TV in Green Bay files for Chapter 11 bankruptcy
NEW YORK (AP) - Young Broadcasting Inc., owner of 10 TV stations affiliated with the CBS and ABC networks, including WBAY-TV in Green Bay, said it has filed for Chapter 11 protection in U.S. bankruptcy court in the Southern District of New York. The New York-based company said it will continue to operate the stations without interruption. Our decision to restructure through a Chapter 11 filing ... (Mon, 16 Feb 2009 16:38:16 GMT)

Sirius XM Creditors Would Seek to Oust Karmazin in Bankruptcy
Feb. 16 (Bloomberg) -- A group of Sirius XM Radio Inc. creditors will seek the removal of Chief Executive Officer Mel Karmazin if the company files for bankruptcy instead of making a deal to remain solvent. (Mon, 16 Feb 2009 16:43:03 GMT)

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