101 bankruptcy Online Bankruptcy Resources
Home Bankruptcy Guide Bankruptcy Resources Links About
Bankruptcy News Archive
Apr 2015 | Mar 2015 | Feb 2015 | Jan 2015 | Dec 2014 | Nov 2014 | Oct 2014 | Sep 2014 | Aug 2014 | Jul 2014 | Jun 2014 | May 2014 | Apr 2014 | Mar 2014 | Feb 2014 | Jan 2014 | Dec 2013 | Nov 2013 | Oct 2013 | Sep 2013 | Aug 2013 | Jul 2013 | Jun 2013 | May 2013 | Apr 2013 | Mar 2013 | Feb 2013 | Jan 2013 | Dec 2012 | Nov 2012 | Oct 2012 | Sep 2012 | Aug 2012 | Jul 2012 | Jun 2012 | May 2012 | Apr 2012 | Mar 2012 | Feb 2012 | Jan 2012 | Dec 2011 | Nov 2011 | Oct 2011 | Sep 2011 | Aug 2011 | Jul 2011 | Jun 2011 | May 2011 | Apr 2011 | Mar 2011 | Feb 2011 | Nov 2010 | Oct 2010 | Sep 2010 | Aug 2010 | Jul 2010 | Jun 2010 | May 2010 | Apr 2010 | Mar 2010 | Feb 2010 | Jan 2010 | Dec 2009 | Nov 2009 | Oct 2009 | Sep 2009 | Aug 2009 | Jul 2009 | Jun 2009 | May 2009 | Apr 2009 | Mar 2009 | Feb 2009 | Jan 2009 | Dec 2008 | Nov 2008 | Oct 2008 | Sep 2008 | Aug 2008 | Jul 2008 | Jun 2008 | May 2008 | Apr 2008 | Mar 2008 | Feb 2008 | Jan 2008 | Dec 2007 | Nov 2007 | Oct 2007 | Sep 2007 | Aug 2007 | Jul 2007 | Jun 2007 | May 2007 | Apr 2007 | Mar 2007 | Feb 2007 | Jan 2007 | Dec 2006 | Nov 2006 | Oct 2006 | Sep 2006 | Aug 2006 | Jul 2006

Home > Bankruptcy News

Bankruptcy News Jul 2009

1 2 Next

GM CEO makes case for bankruptcy asset sale
General Motors Corp's chief executive told a U.S. bankruptcy court on Tuesday that the sale of GM's main assets to government-backed "New GM" must win court approval in order for the automaker to survive. (Wed, 01 Jul 2009 00:32:55 GMT)

GM returns to court to seek speedy bankruptcy exit
General Motors is set to head back to court to seek approval for a speedy exit from bankruptcy protection by selling off its best assets to a new company in which the US government will hold a majority stake. (Wed, 01 Jul 2009 01:50:38 GMT)

Vick revises bankruptcy plan
Michael Vick's revised bankruptcy plan would funnel more of his future pay to his creditors and ensure that they receive a portion of his earnings even if the suspended NFL star doesn't return to the league. (Wed, 01 Jul 2009 05:53:48 GMT)

GM makes its case in bankruptcy court for 'new GM'
General Motors returns to bankruptcy court on Wednesday to seek approval of its plan to restructure and create a "new GM." (Wed, 01 Jul 2009 13:24:00 GMT)

Crabtree firm in bankruptcy move
The Crabtree & Evelyn business in the US, which specialises in premium natural skincare products, files for bankruptcy protection. (Wed, 01 Jul 2009 14:00:56 GMT)

A leaner Stock Building Supply exits Chapter 11 bankruptcy
Stock Building Supply emerged from Chapter 11 bankruptcy Wednesday with no debt, a smaller footprint and no lack of confidence. (Wed, 01 Jul 2009 14:42:29 GMT)

Crabtree & Evelyn, Retailer, Files for Bankruptcy (Update1)
July 1 (Bloomberg) -- Crabtree & Evelyn Ltd. , the maker of soaps, gifts and toiletries sold in 126 stores in 34 states, filed for bankruptcy protection in New York, citing a decline in consumer spending. (Wed, 01 Jul 2009 15:28:42 GMT)

Gruma to Reach Bank Deal in July, Avert Bankruptcy (Update1)
July 1 (Bloomberg) -- Gruma SAB , the largest maker of tortilla corn flour in Mexico, expects to reach an agreement with banks this month on $668.3 million of loans needed to cover derivatives losses and avoid bankruptcy, a spokesman said. (Wed, 01 Jul 2009 15:30:48 GMT)

Lear to File for Chapter 11 Bankruptcy
The Lear Corporation, a maker of car seats, said Wednesday that it would file for bankruptcy protection in a reorganization supported by crucial secured lenders and bondholders and that it had obtained $500 million in bankruptcy financing. (Wed, 01 Jul 2009 22:46:12 GMT)

Auto supplier Lear to file for bankruptcy, obtains financing
Auto seating supplier Lear Corp said on Wednesday it would file for Chapter 11 in a reorganization supported by key secured lenders and bondholders and had obtained $500 million in bankruptcy financing. (Wed, 01 Jul 2009 22:59:12 GMT)

Auto parts supplier Lear to file for bankruptcy, obtains financing
Automotive parts supplier Lear Corp. said Wednesday it is preparing to file for Chapter 11 bankruptcy protection and has lined up financing to fund its operations while under court protection. (Thu, 02 Jul 2009 00:11:50 GMT)

Crabtree & Evelyn Files for Bankruptcy Protection
Crabtree & Evelyn , the purveyor of specialty soaps, fragrances and lotions, became the latest retailer to fall victim to the economic downturn, filing for Chapter 11 bankruptcy protection on Wednesday in the United States. (Thu, 02 Jul 2009 09:01:53 GMT)

Lear to File Bankruptcy After Lenders Agree to Terms (Correct)
(Corrects to say yesterday instead of today in second paragraph.) July 2 (Bloomberg) -- Lear Corp. , the world’s second- largest maker of automotive seats, plans to file for Chapter 11 bankruptcy after reaching an agreement with representatives of secured lenders and bondholders. (Thu, 02 Jul 2009 10:33:29 GMT)

Lear to File Bankruptcy After Lenders Agree to Terms (Update1)
July 2 (Bloomberg) -- Lear Corp. , the world’s second- largest maker of automotive seats, plans to file for Chapter 11 bankruptcy after reaching an agreement with representatives of secured lenders and bondholders. (Thu, 02 Jul 2009 11:13:11 GMT)

GM bankruptcy hearing in 3rd day
General Motors returned to bankruptcy court Thursday seeking approval of its plan to restructure and create a "new GM." (Thu, 02 Jul 2009 14:22:00 GMT)

Treasury official: If GM bankruptcy is delayed, U.S. will withdraw
The only viable option to save General Motors is a sale of its main assets to a "New GM" backed by the federal government, a U.S. Treasury official told a bankruptcy court Wednesday as the automaker sought approval for the deal. (Thu, 02 Jul 2009 15:09:59 GMT)

GM bankruptcy hearing in 3rd day
General Motors returned to bankruptcy court Thursday for closing arguments seeking approval of its plan to restructure and create a "new GM." (Thu, 02 Jul 2009 15:49:00 GMT)

Judge closes Jockeys' Guild bankruptcy case
A federal bankruptcy judge has closed the case of the Jockeys' Guild, ending the long-running court supervision of the riders' trade association. (Thu, 02 Jul 2009 15:52:21 GMT)

GM bankruptcy exit hearing closes
The fate of General Motors was placed in the hands of a New York judge Thursday who must decide whether the largest US automaker can execute a swift exit from bankruptcy protection by selling its best assets to a new company. (Thu, 02 Jul 2009 21:07:35 GMT)

Fate of GM in hands of bankruptcy judge
A federal bankruptcy judge will decide the immediate fate of General Motors Corp's effort to quickly sell its best assets to a group funded by the U.S. government, after a three-day court hearing concluded on Thursday. (Thu, 02 Jul 2009 21:57:14 GMT)

Vick files revised bankruptcy plan; no ruling yet
RICHMOND, Va. (AP) -- Suspended NFL star Michael Vick has submitted a revised bankruptcy plan that funnels more of his future earnings to creditors, though a judge did not immediately rule on the proposal. (Thu, 02 Jul 2009 22:08:58 GMT)

Vick files revised bankruptcy plan in Va. court
Suspended NFL star Michael Vick would keep one vehicle, one home and a large assortment of furniture and personal items if his creditors and the judge who rejected his previous bankruptcy plan approve a revised one filed Thursday. (Thu, 02 Jul 2009 23:15:28 GMT)

Michael Vick proposes more money for creditors in new bankruptcy plan
Suspended NFL star Michael Vick has submitted a revised bankruptcy plan that funnels more of his future earnings to creditors, though a judge did not immediately rule on the proposal. Vick filed the new Chapter 11 plan Thursday in U.S. Bankruptcy Court in Newport News. (Fri, 03 Jul 2009 00:04:04 GMT)

Lear to File Bankruptcy After Lenders Agree to Terms (Update2)
July 2 (Bloomberg) -- Lear Corp. , the world’s second- largest maker of automotive seats, plans to file for Chapter 11 bankruptcy after reaching an agreement with representatives of secured lenders and bondholders. (Fri, 03 Jul 2009 03:53:32 GMT)

BANKRUPTCY PLAY
RICHMOND, Va. -- Suspended NFL star Michael Vick has submitted a revised bankruptcy plan that funnels more of his future earnings to creditors, though a judge did not immediately rule on the proposal. Vick filed the new Chapter 11 plan yesterday... (Fri, 03 Jul 2009 10:21:44 GMT)

GM Bankruptcy Judge Ends Hearing, Will Weigh Automaker’s Sale
July 3 (Bloomberg) -- General Motors Corp. ’s battle with creditors over its reorganization neared an end yesterday, leaving it up to a bankruptcy judge to decide the fate of a plan to create a streamlined carmaker by selling its best assets to a group led by the U.S. Treasury. (Fri, 03 Jul 2009 14:11:36 GMT)

NSW leads nation in bankruptcy
THE number of Australians filing for bankruptcy and entering into other forms of debt agreements has increased in the past three months, compared with this time last year. (Fri, 03 Jul 2009 14:23:18 GMT)

Tropicana Las Vegas emerges from bankruptcy
Tropicana Las Vegas has emerged from Chapter 11 bankruptcy with new owners. Toronto-based Onex Corporation and former MGM Mirage President Alex Yemenidjian acquired a majority stake in the Las Vegas hotel-casino this week, as it completed its yearlong bankruptcy process. (Fri, 03 Jul 2009 21:39:32 GMT)

Tropicana Las Vegas emerges from bankruptcy
Tropicana Las Vegas has emerged from Chapter 11 bankruptcy with new owners. (Fri, 03 Jul 2009 21:41:35 GMT)

Tropicana Las Vegas emerges from bankruptcy
Tropicana Las Vegas has emerged from Chapter 11 bankruptcy with new owners. Toronto-based Onex Corporation and former MGM Mirage President Alex Yemenidjian acquired a majority stake in the Las Vegas hotel-casino this week, as it completed its yearlong... Sponsored Topics: Las Vegas Strip - Onex Corporation - Alex Yemenidjian - Las Vegas - United States (Fri, 03 Jul 2009 22:18:13 GMT)

Tropicana Las Vegas emerges from bankruptcy
Tropicana Las Vegas has emerged from bankruptcy protection with new owners. Toronto-based Onex Corporation and former MGM Mirage President Alex Yemenidjian acquired a majority stake in the Las Vegas hotel-casino this week, as it completed its yearlong bankruptcy process, the Las Vegas Sun reported. (Sat, 04 Jul 2009 00:08:24 GMT)

Bankruptcy in over-65s 'triples'
The number of pensioners filing for bankruptcy has increased threefold over the past five years, research shows. (Sat, 04 Jul 2009 01:16:23 GMT)

WA has biggest rise in bankruptcy cases
WA has posted the biggest jump in bankruptcy cases of any State in the past financial year as more people fall victim to the global recession, Federal Government figures have revealed. More than 160 (Sat, 04 Jul 2009 01:50:19 GMT)

Lear to file for bankruptcy protection
Auto seating supplier Lear Corp said on Wednesday it would file for Chapter 11 bankruptcy protection in a reorganization supported by key secured lenders and bondholders and that it had obtained US$500-million in bankruptcy financing. (Sat, 04 Jul 2009 08:56:02 GMT)

Judge has yet to rule on GM's bankruptcy plan
General Motors Corp. may have to wait out the long holiday weekend to learn if its bankruptcy plan is moving forward, after U.S. Judge Robert Gerber adjourned a three-day hearing without indicating when he will rule on GM's plan to sell its good assets to a new company. (Sat, 04 Jul 2009 12:42:35 GMT)

Trustee: annul clinic bankruptcy
The court-appointed trustee for the Coastside Family Medical Center has formally objected to providing bankruptcy protections for the shuttered clinic, alleging the nonprofit’s directors filed for bankruptcy only to evade their responsibilities to secure and distribute records of abandoned patients. (Sat, 04 Jul 2009 18:34:59 GMT)

Kern personal bankruptcy filings up 92 percent
Faced with crushing debt from various sources, more and more Kern residents are throwing in the towel and declaring bankruptcy. Nearly twice as many people in the county filed for personal bankruptcy protection in the 12 months ended March 31 as compared with the same period a year before, court records show. (Sat, 04 Jul 2009 19:15:20 GMT)

Lear to file for bankruptcy protection
Auto seating supplier Lear Corp said on Wednesday it would file for Chapter 11 bankruptcy protection in a reorganization supported by key secured lenders and bondholders and that it had obtained US$500-million in bankruptcy financing. (Sat, 04 Jul 2009 20:41:18 GMT)

Stock Building Supply Emerges from Chapter 11 Bankruptcy
RALEIGH, NC -- Stock Building Supply Holdings, LLC last week announced that it has successfully completed its financial restructuring and has emerged from Chapter 11. The company's Plan of Reorganization was confirmed by the United States Bankruptcy Court for the District of Delaware on June 15, 2009. (Sat, 04 Jul 2009 23:52:18 GMT)

Financial mistakes led to bankruptcy, sale of title rings
Randy Brown can join fellow athletes Joe Louis, Mike Tyson, Evander Holyfield, Bjorn Borg and Johnny Unitas, among others, in testifying that bankruptcy is no fun. Brown, a Chicago native and former Bulls point guard, filed for bankruptcy in January 2008. This past April, when a federal bankruptcy judge was settling Brown's debts, Brown lost his house, cars, credit cards and precious jewels. ... (Sun, 05 Jul 2009 05:30:44 GMT)

Bankruptcy filings increase locally
With the economy struggling to find hints of recovery, California’s budget in crisis and job losses mounting, more Central Coast residents, business owners — and now government employees and teachers — are finding relief in bankruptcy court. The number of all bankruptcies in the first four months of the year rose nearly 63 percent from the same period last year, according to the most recent ... (Sun, 05 Jul 2009 07:53:59 GMT)

Psystar bails on bankruptcy, promises to 'battle Goliath'
Computerworld - Psystar, the Mac clone maker embroiled in a legal dispute with Apple, asked a federal judge last week to dismiss its bankruptcy case, saying that it had been unable to reach a payment agreement with its law firm. (Sun, 05 Jul 2009 12:35:08 GMT)

US bankruptcy judge approves GM's restructuring
A bankruptcy judge granted General Motors permission to sell its best assets to a new automaker in which the US government will hold a majority stake. (Mon, 06 Jul 2009 05:03:03 GMT)

Bankruptcy judge OKs GM sale plan
A bankruptcy judge says General Motors can sell the bulk of its assets to a new company, clearing the way for the automaker to quickly emerge from bankruptcy. (Mon, 06 Jul 2009 05:07:53 GMT)

Bankruptcy judge OKs GM sale plan
NEW YORK -- A bankruptcy judge said late Sunday that General Motors Corp. can sell the bulk of its assets to a new company, potentially clearing the way for the automaker to quickly emerge from bankruptcy protection. (Mon, 06 Jul 2009 06:37:54 GMT)

US judge approves GM plan to exit bankruptcy
General Motors won approval from a bankruptcy judge to sell its best assets to a new automaker in which the US government will hold a majority stake. (Mon, 06 Jul 2009 07:27:10 GMT)

GM bankruptcy plan approved
General Motors' plan to emerge from bankruptcy, with a lot of help from the federal government, has been approved by a federal judge. (Mon, 06 Jul 2009 07:57:41 GMT)

GM bankruptcy plan approved
General Motors' plan to restructure, with a lot of help from the federal government, has been approved by a bankruptcy judge. (Mon, 06 Jul 2009 08:12:56 GMT)

Bankruptcy Judge OKs GM Asset Sale
Judge OKs General Motors plan to sell assets, could emerge from bankruptcy soon. (Mon, 06 Jul 2009 11:15:07 GMT)

Lear Seeks Lenders’ Support to Restructure Debt in Bankruptcy
July 6 (Bloomberg) -- Lear Corp. , the world’s second- largest maker of automotive seats, is seeking lender approval to file for bankruptcy and restructure about $2.3 billion of loans and $1.3 billion in bonds due after 2012. (Mon, 06 Jul 2009 14:23:34 GMT)

GM clears hurdle as bankruptcy plan approved
General Motors cleared a major hurdle toward a quick exit from bankruptcy as a judge approved a government-backed plan to create a "new GM" that sheds major debts of the ailing Detroit automaker. (Mon, 06 Jul 2009 14:56:46 GMT)

Bankruptcy judge OKs GM sale plan, appeal looms
A bankruptcy judge has ruled that General Motors Corp. can sell the bulk of its assets to a new company, potentially clearing the way for the automaker to quickly emerge from bankruptcy protection. (Mon, 06 Jul 2009 15:31:29 GMT)

Lear Corp files for bankruptcy
U.S. auto parts maker Lear Corp , which has been weighed down by heavy debts and a sharp decline in automobile demand, filed for Chapter 11 bankruptcy protection on Tuesday. (Tue, 07 Jul 2009 06:16:56 GMT)

Lear Files for Bankruptcy, Aiming for Quick Exit
Lear , the auto parts and car seat maker, filed for bankruptcy Tuesday along with its U.S. and Canadian subsidiaries after winning the necessary support from its creditors, the company said. (Tue, 07 Jul 2009 08:31:32 GMT)

Automakers’ Swift Cases in Bankruptcy Shock Experts
That didn’t take long. In fewer than 45 days each, General Motors and Chrysler swept through government-sponsored sales in bankruptcy court — quick tours that most people in the legal community thought impossible not long ago. (Tue, 07 Jul 2009 09:31:22 GMT)

Bankruptcy judge OKs GM sale plan, but appeals are planned
Opposition already is brewing after a bankruptcy judge gave General Motors a green light to sell its best assets to a "New GM," leaving unwanted assets to be liquidated, but delayed his ruling to give time for appeals. (Tue, 07 Jul 2009 12:47:11 GMT)

Auto parts maker Lear Corp files for bankruptcy
U.S. auto parts maker Lear Corp filed for Chapter 11 bankruptcy protection on Tuesday, a day after setting out plans to restructure its $3.6 billion debt burden under a proposed deal with creditors. (Tue, 07 Jul 2009 14:50:04 GMT)

Lear files for Chapter 11 bankruptcy protection
Struggling automotive parts supplier Lear Corp. filed for Chapter 11 bankruptcy protection on Tuesday after receiving the support it needed from lenders and bondholders. (Tue, 07 Jul 2009 14:53:29 GMT)

Lear files for bankruptcy protection
Struggling automotive parts supplier Lear Corp. filed for bankruptcy protection on Tuesday after receiving the support it needed from lenders and bondholders. (Tue, 07 Jul 2009 15:01:54 GMT)

Lear Files for Bankruptcy After Creditors Back Reorganization
July 7 (Bloomberg) -- Lear Corp. , the world’s second- largest maker of car seats, sought bankruptcy protection after winning support from the majority of creditors for a reorganization plan. (Tue, 07 Jul 2009 15:48:17 GMT)

Lear Files for Bankruptcy With Backing From Creditors (Update1)
July 7 (Bloomberg) -- Lear Corp. , the world’s second- largest maker of car seats, filed for bankruptcy after winning support from a majority of creditors on a plan to restructure about $2.3 billion of loans and $1.3 billion in bonds. (Tue, 07 Jul 2009 15:53:02 GMT)

Hearing on examiner in Magna bankruptcy postponed
A judge has agreed to postpone a hearing on the appointment of an examiner in horse track owner Magna Entertainment's Chapter 11 bankruptcy case. (Tue, 07 Jul 2009 15:56:31 GMT)

Lear Files for Bankruptcy Protection
The automotive-parts supplier filed for bankruptcy protection after receiving support it needed from lenders and bondholders to reorganize its struggling business. (Tue, 07 Jul 2009 16:40:54 GMT)

Hearing on examiner in Magna bankruptcy postponed
A bankruptcy judge agreed Tuesday to postpone a hearing on a hedge fund's request for the appointment of an examiner in horse track owner Magna Entertainment's Chapter 11 bankruptcy case. (Tue, 07 Jul 2009 16:53:15 GMT)

GM's uphill climb out of bankruptcy
General Motors' rapid trip through bankruptcy is almost done. Now comes the hard part. (Tue, 07 Jul 2009 21:45:22 GMT)

U.S. car parts maker Lear Corp files for bankruptcy
U.S. auto parts maker Lear Corp filed for Chapter 11 bankruptcy protection on Tuesday, a day after setting out plans to restructure its $3.6 billion debt burden under a proposed deal with creditors. (Tue, 07 Jul 2009 22:47:46 GMT)

Bidder in Hilo Hattie bankruptcy case bows out
Maui Divers Jewelry has withdrawn its $1 million offer to buy Hilo Hattie out of bankruptcy. (Wed, 08 Jul 2009 01:34:26 GMT)

Auto parts maker Lear Corp. files for bankruptcy
Automotive parts supplier Lear Corp. filed for bankruptcy protection on Tuesday after receiving support from lenders and bondholders to reorganize its struggling business. (Wed, 08 Jul 2009 01:39:57 GMT)

GM and Chrysler's bankruptcy cases at a glance
A summary of developments in the Chapter 11 bankruptcy cases of General Motors Corp. and Chrysler Group LLC GENERAL MOTORS -- DAY 37 (Wed, 08 Jul 2009 05:37:38 GMT)

TOM WALSH: Lear bankruptcy may signal a trend
Lear Corp., as expected, filed for Chapter 11 bankruptcy protection Tuesday, in a largely prearranged deal that may become an auto industry trend, now that the U.S. government has hustled General Motors and Chrysler through bankruptcy at warp speed. (Wed, 08 Jul 2009 07:30:45 GMT)

Ex-baseball star Lenny Dykstra files bankruptcy
Lenny Dykstra, the former star center fielder for the New York Mets and Philadelphia Phillies Major League Baseball teams, has filed for Chapter 11 bankruptcy protection, court records show. (Wed, 08 Jul 2009 15:50:14 GMT)

Ex-baseball star Lenny Dykstra files bankruptcy
Lenny Dykstra, the former star center fielder for the New York Mets and Philadelphia Phillies Major League Baseball teams, has filed for Chapter 11 bankruptcy protection. (Wed, 08 Jul 2009 20:44:28 GMT)

GM to go green, cut execs, as it exits bankruptcy
General Motors could literally turn green as it readies itself for major management and cultural changes that will coincide with its escape from bankruptcy protection. (Wed, 08 Jul 2009 21:25:07 GMT)

Source: Trucker bankruptcy rumors 'overblown'
An executive from one of the companies called upon to offer a restructuring plan for YRC Worldwide Inc. said Wednesday the prediction the beleaguered trucker will soon file for bankruptcy is "overblown." (Wed, 08 Jul 2009 21:48:48 GMT)

GM could exit bankruptcy very soon
General Motors could exit bankruptcy protection very soon by selling its best assets to a new, leaner company in which the US government will hold a majority stake. (Thu, 09 Jul 2009 03:24:38 GMT)

Lehman Pays Its Bankruptcy Advisers $262.6 Million for 9 Months
July 9 (Bloomberg) -- Lehman Brothers Holdings Inc. , the investment bank liquidating in bankruptcy, paid its advisers $262.6 million for nine months of work, according to a filing with the U.S. Securities and Exchange Commission. (Thu, 09 Jul 2009 06:05:05 GMT)

Lenny Dykstra files for bankruptcy in Los Angeles
Former New York Mets outfielder Lenny Dykstra has sought bankruptcy protection in Los Angeles, citing more than $31 million in debts. (Thu, 09 Jul 2009 06:34:06 GMT)

RBC Information Says Debt Agreement Will Remove Bankruptcy Risk
July 9 (Bloomberg) -- OAO RBC Information Systems , the owner of Russia’s only business television channel, said the preliminary debt restructuring agreement reached yesterday will remove the risk of bankruptcy should it be completed. (Thu, 09 Jul 2009 06:42:58 GMT)

GM and Chrysler: The End of Bankruptcy as We Know It?
Almost every bankruptcy expert The Am Law Daily talks to agrees that the super-fast General Motors and Chrysler bankruptcies diverted from traditional bankruptcy law because of the government's huge role in each case and the danger that liquidation might have posed to the broader economy. (Thu, 09 Jul 2009 07:02:29 GMT)

GM Will Exit Bankruptcy With $48 Billion in Debt (Correct)
(Corrects date of bankruptcy in fourth paragraph.) July 9 (Bloomberg) -- General Motors Corp. , which is preparing to sell its best assets to a streamlined new entity, will carry with it liabilities of $48.4 billion, a bankruptcy judge said. (Thu, 09 Jul 2009 13:18:31 GMT)

GM Will Exit Bankruptcy With $48 Billion in Debt (Update1)
July 9 (Bloomberg) -- General Motors Corp. , which is preparing to sell its best assets to a streamlined new entity, will carry with it liabilities of $48.4 billion, a bankruptcy judge said. (Thu, 09 Jul 2009 13:27:00 GMT)

"New GM" ready to exit bankruptcy
General Motors on Friday prepared to exit bankruptcy with the message that a leaner and meaner automaker ready to win back American consumers and pay back taxpayers has emerged from its failure. (Fri, 10 Jul 2009 04:13:30 GMT)

G.M. Completes Its Turnaround in Bankruptcy
General Motors completed a major step in its turnaround on Friday and closed the sale of its good assets to a new, government-backed carmaker, at a speed unimagined by auto and bankruptcy experts even six months ago. (Fri, 10 Jul 2009 10:52:18 GMT)

GM expected to exit bankruptcy Friday
General Motors is expected to announce its speedy exit from bankruptcy protection Friday through the sale of its best assets to a new automaker in which the US government will hold a majority stake. (Fri, 10 Jul 2009 11:06:42 GMT)

"New GM" exits bankruptcy: source
General Motors Corp signed a deal on Friday to sell its best assets to a new company that will be majority-owned by the U.S. government, essentially taking the vast majority of the company out of bankruptcy, a source familiar with the matter said. (Fri, 10 Jul 2009 12:22:54 GMT)

New GM emerges from bankruptcy protection
The new General Motors will be faster and more responsive to customers than the old one, and it will make money and repay government loans faster than required, CEO Fritz Henderson said Friday as a leaner version of the automaker emerged from bankruptcy protection. (Fri, 10 Jul 2009 14:14:24 GMT)

New government-backed GM exits bankruptcy
A new General Motors emerged from bankruptcy Friday under a government-backed plan to rescue the troubled US auto giant, the company announced. (Fri, 10 Jul 2009 14:37:16 GMT)

General Motors emerges from bankruptcy
Chief Executive Fritz Henderson says the new, smaller GM will focus on customers, cars and changing the company's culture. It plans to sell vehicles on EBay. 'Business as usual is over,' he says. A new, smaller General Motors Corp. emerged today from a lightning-fast bankruptcy, humbled by a taxpayer bailout but with its chief executive vowing a brash, innovative, nimble company determined to ... (Fri, 10 Jul 2009 14:44:13 GMT)

With good assets sold, "New GM" exits bankruptcy
A new General Motors emerged from bankruptcy protection on Friday -- far more quickly than most industry-watchers had expected -- as a leaner automaker pledging to win back American consumers and pay back taxpayers. (Fri, 10 Jul 2009 15:13:47 GMT)

A 'New' GM Emerges From Bankruptcy
The new General Motors will be far faster and more responsive to customers than the old one, and it will make money and repay government loans faster than required, CEO Fritz Henderson said Friday as the company emerged from bankruptcy protection. (Fri, 10 Jul 2009 15:15:29 GMT)

GM exits bankruptcy, CEO vows better performance
A leaner General Motors arose on Friday, making an unusually quick exit from bankruptcy with ambitions of making money and building cars people are eager to buy. (Fri, 10 Jul 2009 15:15:58 GMT)

GM Emerges From Bankruptcy After Landmark Government Bailout
General Motors emerged from bankruptcy this morning, with chief executive Fritz Henderson promising that the fallen corporate giant will be reformed and that "business as usual is over." (Fri, 10 Jul 2009 21:06:00 GMT)

GM exits bankruptcy; CEO vows better performance
General Motors completed an unusually quick exit from bankruptcy protection on Friday with ambitions of making money and building cars people are eager to buy. (Fri, 10 Jul 2009 21:25:28 GMT)

Keys to GM's success after bankruptcy protection
Even after emerging from bankruptcy protection, the new General Motors still faces some of the same troubles that haunted the old one, which piled up more than $80 billion in losses during the past four years and still needs government aid to survive. (Fri, 10 Jul 2009 22:14:28 GMT)

GM exits bankruptcy
A new General Motors emerged from bankruptcy protection on Friday -- far more quickly than most industry watchers had expected -- as a leaner automaker pledging to win back American consumers and pay back taxpayers. (Fri, 10 Jul 2009 23:20:22 GMT)

CEO vows better performance as GM exits bankruptcy
General Motors completed an unusually quick exit from bankruptcy protection on Friday with ambitions of making money and building cars people are eager to buy. Once the world's largest and most powerful automaker, new GM is now leaner, cleansed of massive debt and burdensome contracts that would have sunk it without federal loans. (Fri, 10 Jul 2009 23:20:33 GMT)

Notebook: NASCAR happy GM out of bankruptcy
JOLIET, Ill. (AP) -- The swift exit of General Motors from bankruptcy protection was good news for NASCAR's industry leaders, who count on the automaker's financial support to fund their pricey race teams. (Fri, 10 Jul 2009 23:35:58 GMT)

With Bankruptcy Behind It, GM Focuses on a Culture Change
General Motors emerged from bankruptcy yesterday, with chief executive Fritz Henderson promising that the fallen corporate giant will be revived and that "business as usual is over." (Sat, 11 Jul 2009 04:00:00 GMT)

CIT Hires Skadden for Possible Bankruptcy, WSJ Says (Update1)
July 11 (Bloomberg) -- CIT Group Inc. hired Skadden, Arps, Slate, Meagher & Flom LLP as an adviser as it prepares for a possible bankruptcy filing after so far failing to win access to government guarantees for its borrowing, the Wall Street Journal reported, citing people familiar with the matter. (Sat, 11 Jul 2009 15:40:29 GMT)

CIT Group hires premier bankruptcy adviser
CIT Group Inc. has hired a premier bankruptcy firm as the troubled commercial lender awaits word on whether it will receive funds from a federal program designed to help banks, the company confirmed Saturday. (Sat, 11 Jul 2009 15:42:57 GMT)

CIT confirms it hires bankruptcy adviser as lender awaits word on federal bailout program
NEW YORK - CIT Group Inc. has hired a premier bankruptcy firm as the troubled commercial lender awaits word on whether it will receive funds from a federal program designed to help banks. (Sat, 11 Jul 2009 15:43:27 GMT)

CIT Group said to hire bankruptcy adviser
CIT Group Inc. is working with a premier bankruptcy firm as the troubled commercial lender awaits word on whether it will receive funds from a federal program designed to help banks, the company confirmed Saturday. (Sat, 11 Jul 2009 20:28:15 GMT)

CIT Group said to hire bankruptcy adviser
NEW YORK -- CIT Group Inc. is working with a premier bankruptcy firm as the troubled commercial lender awaits word on whether it will receive funds from a federal program designed to help banks, the company confirmed Saturday. (Sat, 11 Jul 2009 20:28:15 GMT)

Bankruptcy is an option for homeowners trying to avoid foreclosure
If nothing else, the legal maneuver will buy them some breathing room. But it also will destroy their credit rating, and it may not even be necessary. To most people, bankruptcy is a four-letter word. But when all else fails, declaring bankruptcy can be an honest and time-tested legal maneuver to save your house from foreclosure. (Sun, 12 Jul 2009 01:44:03 GMT)

File bankruptcy or try to settle debts?
Also: What to do when credit limits suddenly drop, and whether IRAs offer protection from legal claims. Dear Liz: My question is whether I should file for bankruptcy or try to settle my debts. (Sun, 12 Jul 2009 01:44:13 GMT)

Gretzky fights to keep tax return out of Coyotes' bankruptcy case
Lawyers for Phoenix Coyotes coach Wayne Gretzky are trying to keep his personal finances out of the NHL team's bankruptcy case. (Sun, 12 Jul 2009 03:40:23 GMT)

GM Emerges from the Rubble of Bankruptcy. Now What?
GM returned from the black hole of bankruptcy today with promises of impending change in its corporate structure and products. The company's press release is, as expected, filled with nonspecific ideas like "a fresh lineup of Chevrolet, Cadillac, Buick and GMC cars, trucks and crossovers, each with leading-edge designs and technologies that matter to both consumers and the environment" and a new ... (Sun, 12 Jul 2009 06:04:38 GMT)

CIT Group retains bankruptcy counsel: Journal
CIT Group Inc., which specializes in lending to small and medium-sized U.S. businesses, has retained counsel to prepare for a possible reorganization in bankruptcy court, people familiar with the matter told The Wall Street Journal. (Sun, 12 Jul 2009 07:55:20 GMT)

Foreclosure, bankruptcy: 7-year blemish
Q: How long will a foreclosure or bankruptcy show up on your credit report? A: A foreclosure can be reported on your credit report for seven years from the date the foreclosure was filed in the court, according to Gerri Detweiler, author of Reduce Debt, Reduce Stress. (Sun, 12 Jul 2009 09:58:26 GMT)

Keys to GM's success after bankruptcy protection
Even after emerging from bankruptcy protection, the new General Motors still faces some of the same troubles that haunted the old one, which piled up more than $80 billion in losses during the past four years and still needs government aid to survive. (Sun, 12 Jul 2009 14:59:14 GMT)

J.L. French, Auto-Parts Maker, Files for Bankruptcy (Update2)
July 13 (Bloomberg) -- J.L. French Automotive Castings Inc. , which makes transmission casings for Ford Motor Co. and General Motors Co., filed for bankruptcy protection, listing debt of as much as $500 million. (Mon, 13 Jul 2009 08:33:18 GMT)

Chicago Cubs Bankruptcy Looms as Way to Finish Sale by Tribune
July 13 (Bloomberg) -- The Chicago Cubs may become the first Major League Baseball team in 39 years to file for bankruptcy as Tribune Co. seeks to sell the franchise after months of negotiations. (Mon, 13 Jul 2009 10:58:57 GMT)

Debt Load Pushes J.L. French Into Bankruptcy
J.L. French Automotive Castings , a United States-based maker of aluminum die-cast auto parts, filed for Chapter 11 bankruptcy protection on Monday, saying it was “over-leveraged with an unmanageable debt load,” Reuters reported. (Mon, 13 Jul 2009 11:37:18 GMT)

Cubs to file bankruptcy to expedite sale?
The Chicago Cubs may file for bankruptcy in an effort to expedite the team's sale, Bloomberg News reported Monday. Tribune Co., owner of the Cubs, filed for Chapter 11 in December. The Bloomberg report said four people familiar with the team's planned sale said the Cubs are considering a separate bankruptcy filing. The news service described the potential Cubs bankruptcy as "a legal maneuver to ... (Mon, 13 Jul 2009 13:14:23 GMT)

Cubs may file bankruptcy
The Chicago Cubs may consider a bankruptcy filing as part of closing the sale of the team, according to sources close to the major league ball club. (Mon, 13 Jul 2009 13:21:41 GMT)

Cubs may consider bankruptcy
The Chicago Cubs may consider a bankruptcy filing as part of closing the sale of the team, according to sources close to the major league ball club. The National League ballclub would be the first team in nearly four decades to do so. The move, first reported by Bloomberg News , comes as Cubs parent Tribune Co. works to sell the team. The prepackaged bankruptcy under discussions by Cubs ... (Mon, 13 Jul 2009 13:24:27 GMT)

Bankruptcy, merger talk could ramp up again in 2009
Don't be surprised if bankruptcy talk resurfaces this year. That's according to The Wall Street Journal, which says "the recession, ... (Mon, 13 Jul 2009 14:38:00 GMT)

Cubs May File For Bankruptcy
According to the Chicago Tribune , the Chicago Cubs may consider a bankruptcy filing as part of closing the sale of the team, according to sources close to the major league ball club. Click here to read the Chicago Tribune story. (Mon, 13 Jul 2009 14:47:13 GMT)

MLB's Chicago Cubs Could File for Bankruptcy
The Chicago Cubs could soon become the first MLB team in almost 40 years to file for bankruptcy (Mon, 13 Jul 2009 15:00:56 GMT)

Bashas' files for Chapter 11 bankruptcy reorganization
Bashas’ Inc. and two related companies -- Bashas’ Leaseco and Sportsman’s LLC -- have filed for Chapter 11 bankruptcy reorganization. The three entities are seeking to have their cases jointly administered by the U.S. Bankruptcy Court for the Arizona District. (Mon, 13 Jul 2009 15:58:04 GMT)

Sources: Cubs exploring bankruptcy filing
CHICAGO (AP) -- The corporate owner of the Chicago Cubs is considering having the team file for bankruptcy protection. People knowledgeable about the process say the move would hasten the club's long-awaited sale by cleaning up its books. (Mon, 13 Jul 2009 19:55:12 GMT)

AP sources: Cubs exploring bankruptcy filing
The corporate owner of the Chicago Cubs is considering having the baseball team file for bankruptcy protection as a legal step to hasten its long-awaited sale, according to two people with knowledge of the process. (Mon, 13 Jul 2009 20:53:53 GMT)

No Reinsdorf deposition in Coyotes bankruptcy
Jerry Reinsdorf and his partners won't be subjected to questioning by attorneys for team owner Jerry Moyes as they work to put together a bid to buy the Phoenix Coyotes in U.S. Bankruptcy Court. (Mon, 13 Jul 2009 21:12:48 GMT)

Oscient files for Chapter 11 bankruptcy protection
Oscient Pharmaceuticals Corp. said Monday it has filed for Chapter 11 bankruptcy protection, and sold its chronic bronchitis drug Factive. (Mon, 13 Jul 2009 21:50:35 GMT)

Cubs consider bankruptcy move to hasten sale: report
A bankruptcy filing is being considered by Major League Baseball's Chicago Cubs to hasten the closing of a sale of the club, the Chicago Tribune reported Monday. (Mon, 13 Jul 2009 23:29:58 GMT)

Bankruptcy filing a possibility for Cubs
Chapter 11 could hasten sale, prevent Tribune Co. creditors from going after future owner The sale of the Chicago Cubs has to be approved by a bankruptcy judge, in addition to Major League Baseball, because the team's owner, Tribune Co., is in bankruptcy. That raises a thorny legal and public relations question: Should Tribune Co. place the Cubs, one of baseball's marquee franchises, in ... (Tue, 14 Jul 2009 03:08:45 GMT)

Cubs considering bankruptcy protection
Cubs considering bankruptcy protection (Tue, 14 Jul 2009 05:47:25 GMT)

Supplier J.L. French back in bankruptcy court
In another example of how the auto industry's sales drop-off has financially crippled auto suppliers, J.L. French Automotive Castings Inc., a maker of aluminum parts, filed for bankruptcy protection early Monday. It is the company's second bankruptcy filing in three years. (Tue, 14 Jul 2009 07:25:35 GMT)

BANKRUPTCY PLAY FOR CUBS
The corporate owner of the Chicago Cubs is considering having the baseball team file for bankruptcy protection as a legal step to hasten its long-awaited sale, according to two people with knowledge of the process. Tribune Co., which itself... (Tue, 14 Jul 2009 10:40:18 GMT)

Triangle Construction files for bankruptcy
Triangle Construction Inc., a Glenville, N.Y., company, filed for bankruptcy protection on Monday. (Tue, 14 Jul 2009 15:51:19 GMT)

Bankruptcy judge OKs Republic plan to buy Frontier
A bankruptcy judge on Monday approved a plan by Republic Airways Holdings to buy Frontier Airlines for $108.8 million, although other bidders could still come forward. (Tue, 14 Jul 2009 19:36:20 GMT)

GM Bankruptcy Frees Up Millions for Buick Marketing (Update2)
July 14 (Bloomberg) -- General Motors Co., benefiting from cost cutting in bankruptcy, plans to spend as much to advertise the new LaCrosse sedan in six months as it previously devoted to all Buick marketing in a year. (Tue, 14 Jul 2009 20:09:10 GMT)

Blixseth's MT bankruptcy lawyer says he's staying
The attorney for Yellowstone Club co-founder Edra Blixseth said Tuesday that he will continue to represent his client -- rejecting accusations the pair may have destroyed or concealed computer documents related to her bankruptcy case. (Tue, 14 Jul 2009 22:55:01 GMT)

Sinclair may seek bankruptcy protection
HUNT VALLEY, Md., July 14 (UPI) -- Sinclair Broadcasting Group said it is considering seeking U.S. bankruptcy protection if it can't pay down its substantial debt that's coming due. (Tue, 14 Jul 2009 23:45:29 GMT)

Sinclair Broadcast Group faces possible bankruptcy
The broadcaster, which is controlled by David Smith and his family and operates 58 television stations, says that if it cannot restructure its heavy debt load, it will have to file for Chapter 11. Another big broadcaster may be on the verge of bankruptcy. (Wed, 15 Jul 2009 02:29:02 GMT)

Auto Parts Makers That Supplied GM Struggle to Steer out of Bankruptcy
General Motors and Chrysler may see a light at the end of the bankruptcy tunnel, but the parts manufacturers that depended on them for business are still struggling. On Monday, J.L. French Automotive Castings filed for Chapter 11 bankruptcy protection in Delaware. The prenegotiated restructuring will swap company equity for more than $200 million in debt forgiveness. One company that may see the ... (Wed, 15 Jul 2009 03:02:22 GMT)

Cubs Nation Laments One More Curse If Team Files for Bankruptcy
July 15 (Bloomberg) -- The Chicago Cubs may not spend much longer in bankruptcy court than it took Steve Bartman to keep Moises Alou from catching a foul ball in the team’s 2003 National League Championship Series defeat. (Wed, 15 Jul 2009 05:28:54 GMT)

Russian developer RTM files for bankruptcy - court
MOSCOW, July 15 (Reuters) - Russian developer RTM , which is struggling to restructure debts, has filed for bankruptcy in the Moscow Arbitration Court, the court said on Wednesday. (Wed, 15 Jul 2009 12:31:26 GMT)

Henry Dunay's creditors, bankruptcy plan revealed
New York--As the Chapter 11 bankruptcy case of jewelry design company Henry Dunay Design continues, court documents show new details on its creditors, the genesis of its financial problems and its plans for the future, which include possibly being sold. (Wed, 15 Jul 2009 15:41:20 GMT)

Former Phillie Dykstra files for bankruptcy
Former Phillie and Met Len Dykstra files for bankruptcy. Until fairly recently, he was a widely quoted stock picker and was written up as a post-baseball financial success story. Of late, however, he has faced numerous lawsuits. (Wed, 15 Jul 2009 15:57:43 GMT)

CIT Group Closer to Bankruptcy as U.S. Denies Aid
CIT Group, an important lender to smaller companies, said last night that it had failed to persuade the federal government to provide further financial assistance to help it avert a likely bankruptcy filing that could hurt thousands of clients ranging from small clothing manufacturers to retailers such as Dunkin' Donuts and Dell. (Thu, 16 Jul 2009 04:00:00 GMT)

CIT talks fall apart, bankruptcy looms
WASHINGTON/NEW YORK (Reuters) - CIT Group Inc , a lender to hundreds of thousands of small and mid-sized U.S. businesses, said bailout talks with the government had ended, a development that could ultimately drive the company into bankruptcy. (Thu, 16 Jul 2009 04:06:44 GMT)

CIT talks fall apart, bankruptcy looms
CIT Group Inc , a lender to hundreds of thousands of small and mid-sized U.S. businesses, said bailout talks with the government had ended, a development that could ultimately drive the company into bankruptcy. (Thu, 16 Jul 2009 12:17:53 GMT)

CIT won't get bailout, raising bankruptcy prospect
WASHINGTON -- CIT Group Inc. shares tumbled more than 75 percent Thursday morning as its inability to get emergency government funding raised expectations that the commercial lender will file for bankruptcy protection. (Thu, 16 Jul 2009 14:14:14 GMT)

CIT Fails to Win U.S. Bailout as Bankruptcy Looms (Update2)
July 16 (Bloomberg) -- CIT Group Inc. , the 101-year-old commercial lender running short of cash, said the U.S. government would not rescue the company, fueling speculation that it may be forced to file for bankruptcy. (Thu, 16 Jul 2009 14:50:41 GMT)

CIT's shares, bonds plunge on bankruptcy fears
Shares of embattled U.S. lender CIT plummeted and its debt sold off steeply on Thursday on escalating fears about a potential bankruptcy after the company said bailout talks with the government had ended. (Thu, 16 Jul 2009 14:52:02 GMT)

CIT Fails to Win U.S. Bailout as Bankruptcy Looms (Update3)
July 16 (Bloomberg) -- CIT Group Inc. , the 101-year-old commercial lender running short of cash, said the U.S. government would not rescue the company, fueling speculation that it may be forced to file for bankruptcy protection. (Thu, 16 Jul 2009 14:55:32 GMT)

CIT Shares Plunge As Investors Gird For Bankruptcy
CIT Shares Plunge As Investors Gird For Bankruptcy (Thu, 16 Jul 2009 15:46:11 GMT)

CIT won't get bailout, raising bankruptcy prospect
CIT Group Inc. shares tumbled more than 70 percent Thursday as its inability to get emergency government funding raised expectations that the commercial lender will file for bankruptcy protection. (Thu, 16 Jul 2009 15:52:35 GMT)

CIT shares slump as investors gird for bankruptcy
SAN FRANCISCO (MarketWatch) - CIT Group Inc. shares slumped more than 75% Thursday as investors girded for what may be the fourth-largest bankruptcy in U.S. history after the troubled lender failed to get a government bailout. (Thu, 16 Jul 2009 15:55:40 GMT)

1 2 Next


Home Bankruptcy Guide Bankruptcy Resources Links About
© Copyright 101Bankruptcy.com. All rights reserved.