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Home > Bankruptcy News

Bankruptcy News Mar 2009

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Task Force Open to Auto Aid, Avoiding Bankruptcy, Rattner Says
March 17 (Bloomberg) -- The Obama administration is “open minded” about giving General Motors Corp. and Chrysler LLC more aid and will use “all the resources” of the federal government to avoid bankruptcy for the automakers, said Steven Rattner , chief adviser to the U.S. Treasury’s autos task force. (Tue, 17 Mar 2009 12:08:56 GMT)

MatlinPatterson Exits Thornburg Stake, Cites Possible Bankruptcy
March 17 (Bloomberg) -- MatlinPatterson Global Advisers LLC returned its common stock in Thornburg Mortgage Inc. amid discussions about a restructuring of the home lender that may include bankruptcy. (Tue, 17 Mar 2009 14:56:33 GMT)

In a First, Bankruptcy Judge Rules Calif. City Can Void Union Contracts
In the first ruling of its kind, a bankruptcy judge held the city of Vallejo, Calif. has the authority to void its existing union contracts in its effort to reorganize, holding public workers do not enjoy the same protections Congress gave union workers at private companies. (Tue, 17 Mar 2009 14:57:01 GMT)

Aventine says it may seek bankruptcy protection
Ethanol producer Aventine Renewable Energy Holdings Inc. said late Monday it may need to seek Chapter 11 bankruptcy protection if it cannot raise sufficient cash in the very near-term. (Tue, 17 Mar 2009 15:04:34 GMT)

Thornburg Considers Bankruptcy, MatlinPatterson Says (Update1)
March 17 (Bloomberg) -- Thornburg Mortgage Inc ., the jumbo mortgage lender trying to restructure its debt, is considering options that include bankruptcy, according to MatlinPatterson Global Advisers LLC, formerly the company’s biggest shareholder. (Tue, 17 Mar 2009 15:15:24 GMT)

Thornburg Mortgage may file Chapter 11 bankruptcy
Thornburg Mortgage Inc , a large and troubled provider of "jumbo" mortgage loans, on Tuesday said it may file for Chapter 11 bankruptcy protection. (Tue, 17 Mar 2009 15:36:47 GMT)

GM CEO says bankruptcy would cause liquidation
If General Motors Corp. were forced into bankruptcy protection, the company would end up being liquidated because a long bankruptcy would scare customers away, CEO Rick Wagoner said Tuesday. (Tue, 17 Mar 2009 22:06:57 GMT)

GM CEO says bankruptcy would cause liquidation
If General Motors Corp. were forced into Chapter 11 bankruptcy protection, the company would end up being liquidated because a long bankruptcy would scare customers away, Chief Executive Rick Wagoner said Tuesday. (Tue, 17 Mar 2009 22:19:49 GMT)

Morgan & Finnegan Files for Bankruptcy
Morgan & Finnegan, the New York IP boutique that dissolved in February after a raft of partner departures, filed for bankruptcy Tuesday. The Chapter 7 filing came six days after a New York state judge placed the firm into receivership in response to a lawsuit by lender JPMorgan Chase. (Wed, 18 Mar 2009 07:03:02 GMT)

Central Valley bankruptcy filings up 79 percent in 2008
Bankruptcy filings in Sacramento and the Central Valley continue to soar as weary residents seek relief from the grip of foreclosures and wage cuts, crippling health care costs and rising unemployment. (Wed, 18 Mar 2009 07:11:27 GMT)

Wagoner: Bankruptcy's consequences severe
If General Motors Corp. were forced into Chapter 11 bankruptcy, the company would end up being liquidated because a long reorganization would scare customers away, Chief Executive Rick Wagoner said yesterday in Washington. (Wed, 18 Mar 2009 08:44:47 GMT)

CEO: Forced bankruptcy could lead to end of GM
WASHINGTON - Facing a March 31 deadline for the government to accept its restructuring plan and provide more taxpayer rescue money, Rick Wagoner, chief executive officer of General Motors Corp., said yesterday that a forced bankruptcy could spell the end of the car maker. Mr. Wagoner told reporters that many industry analysts expect GM to be forced into a form of prepackaged bankruptcy from ... (Wed, 18 Mar 2009 10:33:02 GMT)

Thornburg Mortgage May File Chapter 11 Bankruptcy
Thornburg Mortgage , a large and troubled provider of “jumbo” mortgage loans, on Tuesday said it may file for Chapter 11 bankruptcy protection. (Wed, 18 Mar 2009 12:01:03 GMT)

Trump wins round in Bankruptcy Court
A Bankruptcy Court judge says he agrees with Donald Trump that bondholders who pushed his former casino company into Chapter 11 should not have their fees paid by the company. (Wed, 18 Mar 2009 12:08:34 GMT)

GM CEO: Bankruptcy means liquidation
—If General Motors Corp. were forced into Chapter 11 bankruptcy protection, the company would end up being liquidated because a long bankruptcy would scare customers away, Chief Executive Rick Wagoner said Tuesday in Washington, D.C. (Wed, 18 Mar 2009 12:48:17 GMT)

GM CEO: Bankruptcy Would Cause Liquidation
General Motors Chief Executive Rick Wagoner says the automaker would end up being liquidated if it enters Chapter 11 bankruptcy protection. (Wed, 18 Mar 2009 13:32:19 GMT)

Chemtura Files for Bankruptcy
Chemtura , a troubled maker of specialty chemicals, filed for bankruptcy protection for its United States operations on Wednesday after it failed to sell enough assets to raise cash for its debt obligations. (Thu, 19 Mar 2009 12:00:52 GMT)

Greenbrier Files for Bankruptcy as CSX Plans Sale (Update1)
March 19 (Bloomberg) -- The Greenbrier luxury resort filed for Chapter 11 bankruptcy protection and said Marriott Hotel Services Inc. will purchase it from owner CSX Corp. (Thu, 19 Mar 2009 14:05:51 GMT)

Greenbrier resort files for Chapter 11 bankruptcy
The posh Greenbrier resort that has housed presidents and royalty in West Virginia has filed for Chapter 11 bankruptcy and signed a deal to sell itself to hotel giant Marriott International. (Thu, 19 Mar 2009 14:16:59 GMT)

Greenbrier resort files for Chapter 11 bankruptcy
The posh Greenbrier resort that has housed presidents and royalty in West Virginia has filed for Chapter 11 bankruptcy and signed a deal to sell itself to hotel giant Marriott International. The four-star resort said Thursday its owner, Jacksonville, Fla.-... (Thu, 19 Mar 2009 14:23:12 GMT)

Fairchild files for Chapter 11 bankruptcy
Fairchild Corp., which makes aerospace components and motorcycle apparel, said it filed for Chapter 11 bankruptcy protection, but says it intends to continue to operate business as usual. (Thu, 19 Mar 2009 14:25:25 GMT)

Historic Greenbrier Hotel Files for Bankruptcy
The Greenbrier Hotel, the iconic West Virginia resort that has hosted presidents and princes and even has a once-secret bunker for shelter against nuclear attacks, has filed for Chapter 11 bankruptcy and may be sold to Marriott International. (Thu, 19 Mar 2009 14:46:02 GMT)

Luxury resort Greenbrier files bankruptcy
A luxury resort that has hosted 26 presidents and once was home to a secret underground emergency bunker reserved for members of Congress filed Chapter 11 bankruptcy today in U.S. Bankruptcy Court in Richmond. The Greenbrier Hotel Corp., owner of the Greenbrier resort in White Sulphur Springs, West Virginia, filed for bankruptcy protection and announced plans to sell the four-star resort to ... (Thu, 19 Mar 2009 14:59:43 GMT)

Greenbrier resort files for Chapter 11 bankruptcy
The posh Greenbrier resort, which has gone from hosting presidents and royalty to posting losses, filed for Chapter 11 bankruptcy protection Thursday and unveiled a deal to sell itself to hotel giant Marriott International Inc. for up to $130 million. (Thu, 19 Mar 2009 15:01:27 GMT)

Posh US resort The Greenbrier files for bankruptcy
The posh Greenbrier resort, which has gone from hosting presidents and royalty to posting losses, filed for bankruptcy protection Thursday and unveiled a deal to sell itself to hotel giant Marriott International Inc. for up to $130 million. (Thu, 19 Mar 2009 15:11:14 GMT)

Greenbrier resort files for Chapter 11 bankruptcy
CHARLESTON, W.Va. — The posh Greenbrier resort, which has gone from hosting presidents and royalty to posting losses, filed for Chapter 11 bankruptcy protection today and unveiled a deal to sell itself to hotel giant Marriott International Inc. for up to $130 million. (Thu, 19 Mar 2009 15:45:03 GMT)

Posh Greenbrier seeks bankruptcy, sale to Marriott
The historic Greenbrier resort, which has gone from hosting presidents and royalty to posting losses, filed for Chapter 11 bankruptcy protection Thursday and unveiled a plan to sell itself to hotel giant Marriott International Inc. for up to $130 million. (Thu, 19 Mar 2009 21:38:04 GMT)

Greenbrier Resort Files for Bankruptcy
The company that runs the 231-year-old resort, which is on the National Register of Historic Places, filed for Chapter 11 bankruptcy protection in federal court on Thursday. (Fri, 20 Mar 2009 00:33:51 GMT)

Greenbrier Resort Files for Bankruptcy
It took a 21st century recession to do what the Great Depression and the Cold War could not: drive the historic Greenbrier resort, the playground of presidents and royalty, into bankruptcy. (Fri, 20 Mar 2009 11:00:21 GMT)

Newsprint Firm Tries to Revamp Debt to Avoid Bankruptcy
First the newspaper industry began suffering. Now it is newsprint. AbitibiBowater , the giant purveyor of newsprint, was struggling Thursday to restructure its debt and avert bankruptcy, The New York Times’s Michael J. de la Merced and Geraldine Fabrikant reported. (Fri, 20 Mar 2009 11:00:31 GMT)

Hong Kong bankruptcy filings hit five-year high
Bankruptcy applications in Hong Kong hit a five-year high in February, marking the highest level of petitions seen since the territory's economy was devastated by the fallout from the Severe Acute Respiratory Syndrome (SARS) crisis. (Fri, 20 Mar 2009 11:42:19 GMT)

Orlando bankruptcy court: Bad choices, bad luck lead to here
Financial absolution unfolds in a stuffy sixth-floor conference room with a couple of dozen chairs, a fire extinguisher and a sign on the wall that warns, "The FBI investigates bankruptcy crimes." (Fri, 20 Mar 2009 14:44:59 GMT)

Bankruptcy filings show The Greenbrier's problems
Associated Press - March 20, 2009 11:25 AM ET CHARLESTON, W.Va. (AP) - Bankruptcy filings show CSX Corp.'s decision to seek Chapter 11 protection for The Greenbrier comes after it lost up to... (Fri, 20 Mar 2009 15:27:55 GMT)

Bankruptcy filings show The Greenbrier's problems
CHARLESTON, W.Va. (AP) - Bankruptcy filings show CSX Corp.'s decision to seek Chapter 11 protection for The Greenbrier comes after it lost up to $90 million over the past five years at the famed resort. (Fri, 20 Mar 2009 15:32:17 GMT)

Nortel May Pay Executive Bonuses During Bankruptcy (Update2)
March 20 (Bloomberg) -- Nortel Networks Corp. , once the largest telephone-equipment maker in North America, won U.S. and Canadian approvals to pay eight executives bonuses of as much as $7.3 million as the company tries to reorganize in bankruptcy. (Fri, 20 Mar 2009 18:19:43 GMT)

Greenbrier owner cut off funds before bankruptcy
The economy caught up with the historic Greenbrier resort just as its owner cut off long-standing access to easy cash, sending it into the arms of would-be buyer Marriott International, according to bankruptcy records. (Fri, 20 Mar 2009 21:07:59 GMT)

Greenbrier Resort Files for Bankruptcy
The company that runs the 231-year-old resort, which is on the National Register of Historic Places, filed for Chapter 11 bankruptcy protection in federal court on Thursday. (Fri, 20 Mar 2009 21:51:05 GMT)

LI temp business files for bankruptcy
Amid a downturn in the temporary-staffing industry, a Massapequa company has filed for Chapter 11 bankruptcy protection. (Sat, 21 Mar 2009 03:14:11 GMT)

Frontier lands a break on its bankruptcy loan
Frontier Airlines Inc., the Denver-based discount carrier reorganizing in bankruptcy, has won approval of revisions to its bankruptcy loan that will provide an additional $10 million and lower the company's borrowing costs. (Sat, 21 Mar 2009 06:49:02 GMT)

Preds investor hires attorney in wake of Del Biaggio bankruptcy
A member of the Nashville Predators local ownership group has retained a well-connected city law firm to personally represent him as the team navigates its complicated finances and relationships in the wake of the William "Boots" Del Biaggio bankruptcy. (Sat, 21 Mar 2009 07:25:50 GMT)

Three Rivers Infusion fails to satisfy bankruptcy court
COSHOCTON - Citing "gross mismanagement of the estate" as a cause to dismiss, a trustee acting for the U.S. Bankruptcy Court made a recommendation to dismiss a Chapter 11 bankruptcy protection case filed by a Main Street business. (Sat, 21 Mar 2009 12:07:26 GMT)

(AFX UK Focus) 2009-03-21 13:35 Sportsman's Warehouse files for bankruptcy
NEW YORK, March 21 (Reuters) - Sportsman's Warehouse, a Utah-based sporting goods retailer, on Saturday filed for Chapter 11 bankruptcy protection citing a liquidity crisis triggered by declining sales and the global economic slowdown. The company, which sells goods relating to fishing, hunting, camping and other outdoor activities, said it intends to operate 29 stores as a going concern, after ... (Sat, 21 Mar 2009 13:55:05 GMT)

Sportsman’s Warehouse, Sporting-Goods Retailer, in Bankruptcy
March 21 (Bloomberg) -- Sportsman’s Warehouse Inc. , an operator of retail sporting-goods stores, sought bankruptcy protection from its creditors citing the economy for its action. (Sat, 21 Mar 2009 20:30:43 GMT)

Attorney is disbarred after cheating bankruptcy clients
Two local attorneys are facing disciplinary action from the state ethics  commission. Aurora attorney Edward Varga was disbarred for neglecting 18 bankruptcy cases and failing to refund the clients' fees in those cases. (Sun, 22 Mar 2009 09:04:48 GMT)

Morton Industrial Group Files for Bankruptcy Protection
March 23 (Bloomberg) -- Morton Industrial Group Inc., a maker of metal components used in tanks and tractors, sought bankruptcy protection from creditors. (Mon, 23 Mar 2009 04:48:04 GMT)

Morton Industrial, Metal Parts Maker, in Bankruptcy (Update1)
March 23 (Bloomberg) -- Morton Industrial Group Inc., a maker of metal components used in tractors, sought bankruptcy protection from creditors citing a 32 percent drop in sales in January and February 2009 compared with the same period in 2008. (Mon, 23 Mar 2009 05:03:11 GMT)

GM plan won't stop bankruptcy, bondholders say
General Motors Corp. bondholders challenged the automaker's viability plan in a rare public letter to President Barack Obama's task force Sunday, saying it might not keep GM out of bankruptcy. (Mon, 23 Mar 2009 07:15:40 GMT)

GM Bondholders Say Debt-Swap Plan Risks Bankruptcy (Update1)
March 23 (Bloomberg) -- Bondholder representatives said General Motors Corp. ’s formula to swap debt for equity is likely to lead to “a bankruptcy that would have dire consequences,” and the advisers urged agreement on an alternative. (Mon, 23 Mar 2009 12:10:50 GMT)

SARAH A. WEBSTER: Bankruptcy for automakers a question of pure politics
Whether the automakers should file for bankruptcy seems to have found its way onto a long list of divisive political issues. (Mon, 23 Mar 2009 12:20:26 GMT)

GOP says Obama's budget could lead to bankruptcy
WASHINGTON -- Congressional Republicans on Sunday predicted a doomsday scenario of crushing debt and eventual federal bankruptcy if President Obama's massive spending blueprint wins passage. (Mon, 23 Mar 2009 12:47:45 GMT)

Herbst Gaming files bankruptcy plan in Nevada
Herbst Gaming Inc. filed a Chapter 11 bankruptcy reorganization plan Sunday. Company officials say the plan will result in the Las Vegas-based company losing ownership of its 15 casinos in Nevada, Iowa and Missouri, but will let it to retain control of its Nevada slot machine route. (Mon, 23 Mar 2009 14:07:56 GMT)

Herbst Gaming Files for Chapter 11 Bankruptcy
Herbst Gaming Inc. has filed a Chapter 11 bankruptcy reorganization plan. (Mon, 23 Mar 2009 14:43:43 GMT)

Sportsman's Warehouse files for Chapter 11 bankruptcy
MIDVALE, Utah (AP) - Midvale-based national outdoor retailer Sportsman's Warehouse has filed for Chapter 11 bankruptcy protection. (Mon, 23 Mar 2009 15:19:35 GMT)

Osceola casino owners proceed with bankruptcy filing
Herbst Gaming Inc., the parent company of Terrible’s Lakeside Casino in Osceola, said today it has filed for financial reorganization under federal bankruptcy laws. (Mon, 23 Mar 2009 15:36:47 GMT)

Spansion, in Bankruptcy, May Sell Itself
Spansion , a flash memory chip maker operating in bankruptcy, said Monday it is in talks with multiple companies about a possible sale of some or all of its assets, The Associated Press reported. (Tue, 24 Mar 2009 09:45:21 GMT)

Bankruptcy filing slows refinancing
It's possible to refinance while in bankruptcy, but lenders rarely do it until the case is closed. (Tue, 24 Mar 2009 10:00:00 GMT)

Bi-Lo chain files for bankruptcy
Bi-Lo LLC, the Southeastern grocery chain with 34 stores in the Charlotte region, filed for bankruptcy protection on Monday, three days before a big debt payment was due. (Tue, 24 Mar 2009 11:04:01 GMT)

Mark Shale files for bankruptcy
Out-of-state stores to close; 3 in Chicago area to remain open The family-owned operator of Mark Shale stores filed for Chapter 11 bankruptcy protection Monday, citing a "dramatic revenue decline" amid the worst retail environment in decades. (Tue, 24 Mar 2009 11:45:48 GMT)

Dial-a-Mattress, 1-800-Mattress File For Bankruptcy Protection
March 24 (Bloomberg) -- Dial-a-Mattress and its brand-name retailer 1-800-Mattress filed for bankruptcy court protection after creditors tried to force it into court protection last week. (Tue, 24 Mar 2009 13:18:03 GMT)

Dial-a-Mattress, 1-800-Mattress File for Bankruptcy (Update1)
March 24 (Bloomberg) -- Dial-a-Mattress International Ltd., and its brand name-retailer 1-800-Mattress Corp., filed for bankruptcy after creditors last week tried to force the firm into court protection. (Tue, 24 Mar 2009 13:46:16 GMT)

Tropicana Entertainment could emerge from bankruptcy by April
Tropicana Entertainment has reached agreements with creditors that could see the once-embattled casino company emerge from Chapter 11 bankruptcy in late April or May. (Tue, 24 Mar 2009 14:01:11 GMT)

Bi-Lo declares bankruptcy; all stores still open
Published: Tuesday, March 24, 2009 at 3:15 a.m. Last Modified: Tuesday, March 24, 2009 at 10:37 a.m. Mauldin-based grocery store chain Bi-Lo announced Monday it has filed for Chapter 11 protection in U.S. Bankruptcy Court in Spartanburg. (Tue, 24 Mar 2009 15:27:46 GMT)

Bi-Lo files for bankruptcy protection
Published: Monday, March 23, 2009 at 4:41 p.m. Last Modified: Monday, March 23, 2009 at 4:41 p.m. GREENVILLE — Southern grocery chain Bi-Lo filed a voluntary petition today for bankruptcy protection to address an upcoming debt maturity. (Tue, 24 Mar 2009 15:29:03 GMT)

Carns, Humphryes release new statement favoring Jefferson County bankruptcy
The two commissioners maintain that Chapter 9 bankruptcy is the county's best option. (Tue, 24 Mar 2009 15:55:46 GMT)

U.S. bill offers bankruptcy relief from card lenders
Abusive credit card practices were criticized on Tuesday by a U.S. senator who has introduced legislation prohibiting lenders from making claims on consumers in bankruptcy if interest rates are excessive. (Tue, 24 Mar 2009 17:28:53 GMT)

Dems seek bankruptcy changes on credit card debt
Republicans and the banking industry are railing against legislation being pushed by key Democratic lawmakers that would block credit card companies charging high interest rates from collecting from consumers in bankruptcy proceedings. (Tue, 24 Mar 2009 19:11:35 GMT)

Dial-a-Mattress, in Bankruptcy, Plans Sale to a Rival
The company, owned by Napoleon Barragan, has had a steep drop in sales and more stringent terms from vendors, according to court documents. Creditors filed an involuntary Chapter 7 bankruptcy petition against Dial-a-Mattress last week, seeking $1.7 million. (Wed, 25 Mar 2009 10:31:14 GMT)

Tropicana May Emerge from Bankruptcy This Spring
Tropicana Entertainment , the owner of the 51-year-old Tropicana Resort & Casino on the Las Vegas Strip, said Tuesday it could emerge from Chapter 11 bankruptcy protection this spring. (Wed, 25 Mar 2009 10:31:56 GMT)

Filene's Basement could be at bankruptcy risk
Women's Wear Daily trade magazine is reporting Wednesday that Filene's Basement Inc. could be at risk for an involuntary bankruptcy because it appears that the discount retailer is allegedly not paying its vendors. (Wed, 25 Mar 2009 14:12:57 GMT)

Delphi CEO: Bankruptcy no good for automakers
Brent Snavely, an automotive reporter at the Detroit Free Press, will be blogging today from the Turnaround Management Association's automotive conference in Detroit, where hundreds of bankruptcy attorneys and turnaround experts will be discussing the rapid restructuring of the U.S. automotive industry. (Wed, 25 Mar 2009 15:25:33 GMT)

Vick in transit to Virginia for bankruptcy case
Michael Vick is on his way back to Virginia. The imprisoned Falcons quarterback is in transit from Leavenworth, Kansas to Norfolk, Virginia, where he is scheduled to appear at a court hearing in his bankruptcy case on April 2-3. On March 12, U.S. Bankruptcy Judge Frank Santoro order Vick's appearance at the April 2 hearing. He also ordered Vick to pay his own way from the federal prison at ... (Wed, 25 Mar 2009 15:26:05 GMT)

Michael Vick leaves federal prison for bankruptcy hearing
RICHMOND, Va. - Suspended NFL star Michael Vick has left a federal lockup in Kansas, apparently bound for Virginia for a bankruptcy hearing next week. The U.S. Bureau of... (Wed, 25 Mar 2009 15:40:41 GMT)

Vick leaves prison, likely for bankruptcy hearing
Suspended NFL star Michael Vick has left a federal lockup in Kansas, apparently bound for Virginia for a bankruptcy hearing next week. The U.S. Bureau of Prisons Web site shows that Vick is no longer at the federal penitentiary in Leavenworth, Kan. It lists his status as "in transit." It's not clear when he left, or where he is right now. But two weeks ago, a bankruptcy judge in Newport News, Va. (Wed, 25 Mar 2009 15:49:27 GMT)

Vick out of prison; en route to bankruptcy hearing?
Suspended NFL star Michael Vick has left a federal lockup in Kansas, apparently bound for Virginia for a bankruptcy hearing next week. (Wed, 25 Mar 2009 15:51:25 GMT)

Gottschalks faces Monday deadline in bankruptcy court
The future of Gottschalks is expected to be decided Monday, when the 58-store department store chain will be put up for auction in federal bankruptcy court in Wilmington, Del. (Thu, 26 Mar 2009 08:45:26 GMT)

Churches also dealing with bankruptcy problems
RALEIGHChurches are not immune to the bankruptcy problems facing many in North Carolina as the economic downturn continues. (Thu, 26 Mar 2009 10:20:44 GMT)

N.C. churches deal with bankruptcy problems
The News & Observer of Raleigh reported Thursday that at least seven religious institutions have filed for bankruptcy in the Eastern District of North Carolina since 2006. (Thu, 26 Mar 2009 13:56:10 GMT)

Songbird Estates near bankruptcy
LONDON, March 26 (UPI) -- Owners of London's modern office and shopping complex Canary Wharf said it was nearing bankruptcy, putting the development at risk for the second time. (Thu, 26 Mar 2009 14:05:13 GMT)

Candido Castro files for bankruptcy
Land surveyor Candido Igibarz Castro filed yesterday a bankruptcy petition in the U.S. District Court for the NMI. Under a Chapter 7 bankruptcy petition, Castro estimated $0 to $50,000 assets, but claimed $1 million to $10 million in liabilities. (Thu, 26 Mar 2009 14:12:21 GMT)

Churches also dealing with bankruptcy problems
Churches are not immune to the bankruptcy problems facing many in North Carolina as the economic downturn continues. (Thu, 26 Mar 2009 14:15:01 GMT)

Songbird Estates near bankruptcy
Owners of London's modern office and shopping complex Canary Wharf said it was nearing bankruptcy, putting the development at risk for the second time.Songbird Estates, which bought most of the complex in 2004, said there was material risk its financing could collapse, The Times of London reported Thursday.The three-skyscraper complex includes Bank of America and Japanese bank Nomura as two of ... (Thu, 26 Mar 2009 14:38:40 GMT)

Mountain Top facility’s parent company files for bankruptcy
— KRISTEN GAYDOS Indalex, an international aluminum extrusion company with a facility in Mountain Top, announced Friday it has filed for voluntary Chapter 11 bankruptcy for its American operations. (Thu, 26 Mar 2009 14:55:22 GMT)

MGM Mirage’s City Center Hires Bankruptcy Counsel
CityCenter, the troubled residential and casino development in Las Vegas, has hired the law firm Dewey & LeBoeuf to prepare for a potential bankruptcy filing, people briefed on the matter told DealBook on Thursday. (Fri, 27 Mar 2009 02:30:21 GMT)

Las Vegas project considers bankruptcy: report
City Center, an $8 billion Las Vegas project owned by MGM Mirage and Dubai World, has hired counsel to advise on a possible bankruptcy filing, the Wall Street Journal reported on Thursday, citing people familiar with the matter. (Fri, 27 Mar 2009 03:58:55 GMT)

Charter files for prearranged bankruptcy
Charter Communications Inc. says it filed for prearranged bankruptcy protection in the United States Bankruptcy Court for the Southern District of New York. (Fri, 27 Mar 2009 12:51:22 GMT)

Charter files for bankruptcy reorganization
Charter Communications Inc., the fourth-largest U.S. cable operator, said Friday that it filed for prearranged bankruptcy reorganization. (Fri, 27 Mar 2009 13:27:29 GMT)

Charter Communications files for Chapter 11 bankruptcy
Cable-TV systems operator Charter Communications has filed for Chapter 11 bankruptcy protection, following through on intentions announced in February, under the terms of an agreement with some of its creditors. (Fri, 27 Mar 2009 13:42:12 GMT)

Charter files for prearranged bankruptcy
ST. LOUIS -- Charter Communications Inc. today filed for a prearranged Chapter 11 bankruptcy to get relief from its creditors, as the nation's fourth largest cable operator strives to keep its head above water and still compete with phone companies and satellite TV providers. (Fri, 27 Mar 2009 13:55:16 GMT)

Las Vegas CityCenter may file for bankruptcy: reports
Las Vegas’ CityCenter, an $8.6 billion joint project between gambling giant MGM Mirage and Dubai World, may file for bankruptcy protection, according to published reports. (Fri, 27 Mar 2009 14:27:22 GMT)

CityCenter venture may file for bankruptcy: sources
CityCenter, an $8 billion Las Vegas project owned by MGM Mirage and Dubai World , is considering filing for bankruptcy, two sources familiar with the matter said on Friday. (Fri, 27 Mar 2009 14:28:56 GMT)

Charter Communications Enters Bankruptcy Protection (Update1)
March 27 (Bloomberg) -- Charter Communications Inc. , the fourth-biggest U.S. cable television company, filed a prearranged bankruptcy reorganization plan. (Fri, 27 Mar 2009 14:58:06 GMT)

Charter files for prearranged bankruptcy
Charter Communications Inc. on Friday filed for a prearranged Chapter 11 bankruptcy to get relief from its creditors, as the nation's fourth largest cable operator strives to keep its head above water and still compete with phone companies and satellite TV providers. (Fri, 27 Mar 2009 15:13:03 GMT)

Las Vegas venture CityCenter may file for bankruptcy
CityCenter, an $8 billion Las Vegas project owned by MGM Mirage and Dubai World , is considering filing for bankruptcy, two sources familiar with the matter said on Friday. (Fri, 27 Mar 2009 16:29:49 GMT)

Charter Files for Bankruptcy in Reorganization Effort
Charter Communication s, the big cable TV company, finally filed for bankruptcy on Friday, the latest step in its plan to clean up its balance sheet. (Fri, 27 Mar 2009 17:31:17 GMT)

MGM Mirage Averts CityCenter Bankruptcy
MGM Mirage , the embattled casino operator, staved off a bankruptcy filing for its CityCenter development in Las Vegas by making a $200 million interest payment on Friday. (Fri, 27 Mar 2009 18:45:22 GMT)

Debt load pushes Charter into bankruptcy
Charter Communications , the fourth largest-cable operator, filed for bankruptcy on Friday under pressure from a massive debt load built up over years of borrowing to pay for technology and acquisitions. (Fri, 27 Mar 2009 20:57:44 GMT)

Charter files for prearranged bankruptcy
Charter Communications Inc. on Friday filed for a prearranged Chapter 11 bankruptcy to get relief from its creditors, as the nation's fourth-largest cable operator strives to keep its head above water and still compete with phone companies and satellite TV providers. (Fri, 27 Mar 2009 23:04:41 GMT)

Yellowstone Club Owner Blixseth Files for Bankruptcy (Update3)
March 27 (Bloomberg) -- Edra Blixseth , who controls the Yellowstone Club, a bankrupt ski resort for millionaires, filed her own bankruptcy case in an effort to prevent some of her property from being seized by creditors. (Fri, 27 Mar 2009 23:48:07 GMT)

With Deal in Hand, Charter Files for Bankruptcy
The cable company said it sought bankruptcy protection because of the debt it had accrued over years of expansions and acquisitions. (Sat, 28 Mar 2009 01:18:31 GMT)

MGM Averts Bankruptcy at Project in Las Vegas
The casino operator staved off a bankruptcy filing for its CityCenter development by making a $200 million construction payment. (Sat, 28 Mar 2009 02:33:42 GMT)

Heller Estate, Creditors Pursue Banks Blamed for Firm's Bankruptcy
Like a pack of hounds, the Heller Ehrman estate and its creditors teamed up Friday to go for the jugular of the banks blamed for the firm's bankruptcy. The creditors, with the estate's support, are asking for standing to sue Bank of America and Citibank to get back $50 million Heller paid them in the months leading up to its bankruptcy. And while lawyers for both sides begged, cajoled and argued ... (Sat, 28 Mar 2009 03:15:14 GMT)

Owner Allen loses control of Charter in bankruptcy filing
Charter Communications on Friday filed for a prearranged Chapter 11 bankruptcy, effectively stripping billionaire Seahawks owner Paul Allen of control of the company. (Sat, 28 Mar 2009 07:11:14 GMT)

Bankruptcy part of Charter financial plan
ST. LOUIS, March 28 (UPI) -- The U.S. cable TV company Charter Communications says it has filed for bankruptcy as part of its plan to restructure its financial situation. (Sat, 28 Mar 2009 16:04:32 GMT)

Pilgrim's Pride gets bankruptcy extension
Pilgrim's Pride received a bankruptcy extension this week ahead of a Monday deadline to come up with a reorganization plan, according to online news reports. (Sun, 29 Mar 2009 03:03:19 GMT)

Bankruptcy Proceedings
U.S. BANKRUPTCY COURT (Sun, 29 Mar 2009 05:48:23 GMT)

Free bankruptcy classes overflowing
Hiring a personal bankruptcy attorney could cost a couple thousand dollars. (Sun, 29 Mar 2009 05:54:39 GMT)

Bankruptcy won't halt Hatchet Ridge wind turbine project
Despite a bankruptcy declaration filed by its financier, the Hatchet Ridge Wind Project will continue with plans to set 43 windmills in eastern Shasta County, representatives of the business said. (Sun, 29 Mar 2009 07:08:43 GMT)

Yellowstone club owner files for bankruptcy
BILLINGS, Mont. -- The owner of one of the world's most exclusive resorts, the Yellowstone Club, has filed for personal bankruptcy protection. (Sun, 29 Mar 2009 09:09:50 GMT)

Charter files pre-packaged bankruptcy filing
Charter Communications, Inc. filed for Chapter 11 bankruptcy protection in New York City. It's part of a previously announced financial restructuring, which is expected to reduce the Company's debt by approximately $8 billion. (Sun, 29 Mar 2009 13:45:31 GMT)

Sources: Chadbourne Bankruptcy Partner Jumps to Weil Gotshal
Chadbourne & Parke bankruptcy partner Joseph Smolinsky has agreed to move to the high-powered bankruptcy unit at Weil, Gothshal & Manges, say sources familiar with the move. Smolinsky is said to have a book of business in the millions, and sources say his move is a significant blow to Chadbourne's bankruptcy group. (Mon, 30 Mar 2009 07:02:53 GMT)

Heller Estate, Creditors Pursue Banks Blamed for Firm's Bankruptcy
Like a pack of hounds, the Heller Ehrman estate and its creditors teamed up Friday to go for the jugular of the banks blamed for the firm's bankruptcy. The creditors, with the estate's support, are asking for standing to sue Bank of America and Citibank to get back $50 million Heller paid them in the months leading up to its bankruptcy. (Mon, 30 Mar 2009 07:02:53 GMT)

Yen, Dollar Gain on Concern U.S. Carmakers May Face Bankruptcy
March 30 (Bloomberg) -- The yen and the dollar rose against the euro after an Obama administration official said bankruptcy may be the best option for General Motors Corp. and Chrysler LLC, spurring investors to seek the shelter of the two currencies. (Mon, 30 Mar 2009 07:15:35 GMT)

Yen, Dollar Gain on Concern U.S. Carmakers May Face Bankruptcy
March 30 (Bloomberg) -- The yen and the dollar rose against the euro after an Obama administration official said bankruptcy may be the best option for General Motors Corp. (Mon, 30 Mar 2009 08:30:50 GMT)

Los Angeles Developer Files for Bankruptcy Protection
Meruelo Maddux Properties , one of the largest developers and landlords in downtown Los Angeles, said it was filing for bankruptcy protection. (Mon, 30 Mar 2009 09:45:47 GMT)

Azel Files for Bankruptcy With 44.2 Billion Yen Debt (Update1)
March 30 (Bloomberg) -- Azel Corp., a Japanese real estate broker, filed for bankruptcy protection with the Tokyo District Court after accumulating 44.2 billion yen ($450 million) in liabilities. (Mon, 30 Mar 2009 11:13:35 GMT)

Obama: Bankruptcy possible for GM, Chrysler
President Barack Obama said Monday that neither General Motors nor Chrysler has proposed sweeping enough changes to justify further large federal bailouts, and demanded "painful concessions" from creditors, unions and others as their price for survival. Obama also raised the possibility of a controlled bankruptcy to help either or both "restructure quickly and emerge stronger" -- uttering the ... (Mon, 30 Mar 2009 13:02:27 GMT)

Shopping Mall Company Working to Avoid Bankruptcy
General Growth, the huge shopping mall owner that is struggling to avoid bankruptcy and is late in its debt payments, said today that it is continuing discussions with bond holders. (Mon, 30 Mar 2009 13:48:52 GMT)

Yen, Dollar Gain on Concern U.S. Carmakers May Face Bankruptcy
March 30 (Bloomberg) -- The yen and dollar rose against the euro after a U.S. government official said bankruptcy may be the best option for General Motors Corp. (Mon, 30 Mar 2009 14:09:29 GMT)

U.S. Stocks Open Down Sharply On Worries Over GM Bankruptcy
U.S. Stocks Open Down Sharply On Worries Over GM Bankruptcy (Mon, 30 Mar 2009 14:10:17 GMT)

Chicago Sun-Times parent files for bankruptcy
Chicago becomes the first U.S. city served by two insolvent newspapers. NEW YORK (Reuters) -- The Sun-Times Media Group, parent of the Chicago Sun-Times newspaper, filed for bankruptcy protection on Tuesday, earning Chicago the distinction of being the first U.S. city served by two insolvent newspapers. (Tue, 31 Mar 2009 13:07:49 GMT)

Chicago Sun-Times parent files for bankruptcy
The Sun-Times Media Group, parent of the Chicago Sun-Times, filed for bankruptcy protection on Tuesday, earning Chicago the distinction of being the first U.S. city served by two bankrupt newspaper publishers. (Tue, 31 Mar 2009 13:50:42 GMT)

Sun-Times Media Seeks Bankruptcy Protection
Sun-Times Media , the parent company of The Chicago Sun-Times newspaper, said Tuesday it filed for Chapter 11 bankruptcy protection and hired an investment bank to explore possible asset sales. (Tue, 31 Mar 2009 14:30:21 GMT)

Chicago Sun-Times owner files for bankruptcy
The Sun-Times Media Group Inc., owner of the Chicago Sun-Times and other newspapers, filed for bankruptcy protection on Tuesday, the latest victim of the crisis gripping the US newspaper industry. (Tue, 31 Mar 2009 14:40:57 GMT)

Sun-Times Media Group files for bankruptcy
The Sun-Times Media Group, owner of the Chicago Sun-Times and dozens of suburban newspapers, filed for bankruptcy reorganization Tuesday, making it the fifth U.S. newspaper publisher to seek protection from creditors in recent months. (Tue, 31 Mar 2009 14:45:15 GMT)

Sun-Times Media Group files for bankruptcy
The Sun-Times Media Group, owner of the Chicago Sun-Times and dozens of suburban newspapers, filed for Chapter 11 bankruptcy Tuesday, making it the fifth newspaper publisher to seek protection from creditors in recent months. (Tue, 31 Mar 2009 14:46:08 GMT)

Sun-Times Media Group Files for Voluntary Bankruptcy (Update2)
March 31 (Bloomberg) -- Sun-Times Media Group Inc. became the second major Chicago newspaper publisher to seek bankruptcy protection as plunging advertising revenue makes debt payments more difficult. (Tue, 31 Mar 2009 15:12:51 GMT)

Riviera Misses Interest Payment; Bankruptcy Possible (Update1)
March 31 (Bloomberg) -- Riviera Holdings Corp. , the operator of Nevada and Colorado casinos, missed a $4 million interest payment and said it may have to seek bankruptcy protection as Las Vegas endures the worst gambling slump on record. (Tue, 31 Mar 2009 15:24:33 GMT)

Sun-Times files for Chapter 11 bankruptcy protection
The company that owns the Chicago Sun-Times and 58 other newspapers and online sites said Tuesday it had filed for Chapter 11 bankruptcy. (Tue, 31 Mar 2009 15:45:00 GMT)

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