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Home > Bankruptcy News

Bankruptcy News May 2010

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Boulder's Simple Solar files for Chapter 11 bankruptcy protection
Jason Gundersen, left, and Jared Schue, of Simple Solar, install a 8.2-kilowatt system earlier this month at the Boulder Friends Meetinghouse and New Horizon Co-Op Preschool in Boulder. The Boulder-based Solar company has filed for Chapter 11 bankruptcy protection. (Fri, 21 May 2010 08:37:21 -0700)

Salt Island files for Chapter 11 bankruptcy protection
Salt Island Chophouse Fish Market Wave Bar on International Drive has filed for Chapter 11 bankruptcy protection. (Fri, 21 May 2010 08:52:29 -0700)

Chrysler shows off 1st new vehicle post-bankruptcy
The new Chrysler did something on Friday it hasn't done for a while -- shown off a new vehicle. CEO Sergio Marchionne and a number of federal, state and local officials were on hand as the automaker introduced its first new offering since emerging from bankruptcy protection last year. (Fri, 21 May 2010 12:30:14 -0700)

Soup Kitchen Creditors File to Force Bankruptcy
Soup Kitchen International Inc., the business that grew out of the Soup Nazi character on the television sitcom Seinfeld, faces an attempt to force it into bankruptcy. (Fri, 21 May 2010 17:08:00 -0700)

US FDIC, WaMu reach agreement on bankruptcy plan
* FDIC, WaMu, JPMorgan reach deal on WaMu bankruptcy (Fri, 21 May 2010 21:34:40 -0700)

US FDIC, WaMu reach agreement on bankruptcy plan
US FDIC, WaMu reach agreement on bankruptcy planUS FDIC, WaMu reach agreement on bankruptcy plan (Fri, 21 May 2010 21:59:00 -0700)

Free bankruptcy seminar scheduled
Sussex Project Self-Sufficiency will sponsor a free seminar about issues related to bankruptcy at the Sussex Middle School, on Wednesday, May 26, from 7 to 9 p.m. (Fri, 21 May 2010 23:28:24 -0700)

Simple Solar Systems files for bankruptcy.
Boulder- based Simple Solar Systems LLC has filed for Chapter 11 bankruptcy protection, but the solar-energy system installer says operations will continue. (Sat, 22 May 2010 00:04:17 -0700)

FDIC, WaMu reach agreement on bankruptcy plan
Washington Mutual Inc and the Federal Deposit Insurance Corp have reached a global settlement that will return $7 billion to the bank's creditors, a critical step in the bankruptcy involving the biggest bank failure in U.S. history. (Sat, 22 May 2010 03:53:28 -0700)

RI boat builder files for Ch. 7 bankruptcy
Associated Press - May 22, 2010 10:45 AM ET BRISTOL, R.I. (AP) - The Bristol-based boat building company Goetz Custom Technologies has filed for Chapter 7 bankruptcy. (Sat, 22 May 2010 07:49:17 -0700)

RI boat builder files for Ch. 7 bankruptcy
The Bristol-based boat building company Goetz Custom Technologies has filed for Chapter 7 bankruptcy. Goetz revealed this week that it owes about 100 creditors an estimated $3.5 million. Chapter 7 Title 11 United States Code - Bankruptcy - Law - United States - Services (Sat, 22 May 2010 08:07:13 -0700)

RI boat builder files for Ch. 7 bankruptcy
BRISTOL, R.I. - The Bristol-based boat building company Goetz Custom Technologies has filed for Chapter 7 bankruptcy. Goetz... (Sat, 22 May 2010 09:51:18 -0700)

RI boat builder files for Ch. 7 bankruptcy
The Bristol-based boat building company Goetz Custom Technologies has filed for Chapter 7 bankruptcy. (Sat, 22 May 2010 10:17:23 -0700)

Before bankruptcy filing, legal maneuvers swirled around Highland Mall
Before bankruptcy filing, legal maneuvers swirled around Highland Mall (Sat, 22 May 2010 18:23:08 -0700)

US FDIC, WaMu reach agreement on bankruptcy plan
WASHINGTON, May 22 (Reuters) Washington Mutual Inc and the Federal Deposit Insurance Corp have reached a global settlement that will return $7 billion to the bank's creditors, a critical step in the bankruptcy involving the biggest bank failure in U.S. history. (Sat, 22 May 2010 18:49:15 -0700)

Free bankruptcy seminar scheduled
Sussex Project Self-Sufficiency will sponsor a free seminar about issues related to bankruptcy at the Sussex Middle School, on Wednesday, May 26, from 7 to 9 p.m. (Sat, 22 May 2010 23:31:25 -0700)

'Soup Nazi' faces bankruptcy
Soup Kitchen International Inc., the business that grew out of the "Soup Nazi" character on the television sitcom "Seinfeld," faces an attempt to force it into bankruptcy. (Sun, 23 May 2010 02:52:28 -0700)

Western Utah Copper Co. shuts down and files for bankruptcy
SALT LAKE CITY -- A mining outfit in Utah's West Desert has shut down operations, furloughed employees and filed for bankruptcy protection after just a year of operation. read more (Sun, 23 May 2010 04:37:34 -0700)

Cabinet of Ministers suggests Verkhovna Rada should introduce strict procedures for nuke enterprises bankruptcy
The Cabinet of Ministers proposes the Verkhovna Rada to qualify nuclear energy enterprises as highly dangerous if they are declared bankrupt. Correspondingly, special bankruptcy proceedings should be introduced, reads government resolution No 6413 registered in the parliament on May 20. (Sun, 23 May 2010 06:08:20 -0700)

FDIC and WaMu agree to bankruptcy plan
Washington Mutual Inc and the Federal Deposit Insurance Corp have reached a global settlement that will return $7 billion to the bank's creditors. Washington Mutual - Federal Deposit Insurance Corporation - Bankruptcy - United States - JPMorgan Chase (Sun, 23 May 2010 12:12:25 -0700)

The Morality of Bankruptcy, Part II
http://www.JewishWorldReview.com | Last time we discussed the Torah law foundations of the Jewish approach to insolvency. In this column we will expand on one application: a payments arrangement for an insolvent debtor. This is one possible outcome of bankruptcy. (Sun, 23 May 2010 22:51:11 -0700)

Pocklington inks plea bargain, could avoid jail on bankruptcy fraud charges
Former Edmonton Oilers owner Peter Pocklington has signed a plea bargain on bankruptcy fraud charges that might keep him out of prison. (Mon, 24 May 2010 07:17:00 -0700)

Rangers: Sale to proceed through bankruptcy plan
The Texas Rangers say the club's sale will be accomplished by midsummer through a voluntary bankruptcy plan that will fully pay the lenders of Tom Hicks' financially strapped ownership group. The club said Monday the plan was previously negotiated between Hicks and the new ownership group led by Pittsburgh attorney Chuck Greenberg and team president Nolan Ryan. (Mon, 24 May 2010 08:05:36 -0700)

Smurfit-Stone strikes deal with shareholders to exit bankruptcy
(Reuters) Smurfit-Stone Container Corp. has reached an agreement that would allow shareholders to recover some of their investment and clear the way for the packaging maker to exit bankruptcy. The company said on Monday that it would distribute 2.25 percent of the stock in the reorganized ... (Mon, 24 May 2010 08:10:23 -0700)

Smurfit Says It Settled Shareholder Bankruptcy Fight
May 24 (Bloomberg) -- Smurfit-Stone Container Corp. resolved a conflict with shareholders over its reorganization plan, which may allow the box and packaging maker to exit bankruptcy within weeks. (Mon, 24 May 2010 08:10:57 -0700)

Rangers: Sale to proceed through bankruptcy plan
Associated Press - May 24, 2010 11:45 AM ET ARLINGTON, Texas (AP) - The Texas Rangers say the club's sale will be accomplished by midsummer through a voluntary bankruptcy plan that will fully... (Mon, 24 May 2010 08:49:25 -0700)

Texas Rangers Baseball Team Files for Bankruptcy in Fort Worth
The Texas Rangers, the Major League Baseball team controlled by billionaire Thomas Hicks, filed for bankruptcy after the planned sale of the team fell through. (Mon, 24 May 2010 08:53:28 -0700)

Rangers: Sale to proceed through bankruptcy plan
ARLINGTON, Texas -- The Texas Rangers say the club's sale will be accomplished by midsummer through a voluntary bankruptcy plan that will fully pay the lenders of Tom Hicks' financially strapped ow (Mon, 24 May 2010 08:54:12 -0700)

Rangers: Sale to proceed through bankruptcy plan
The Texas Rangers say the club's sale will be accomplished by midsummer through a voluntary bankruptcy plan that will fully pay the lenders of Tom Hicks' financially strapped ownership group. (Mon, 24 May 2010 08:57:29 -0700)

Rangers seek bankruptcy protection to help finalize sale
ARLINGTON, Texas (AP) -- The Texas Rangers have sought bankruptcy protection in hopes of getting the the baseball team's $575 million sale to a team of investors cleared by midsummer. (Mon, 24 May 2010 11:19:32 -0700)

Rangers seek bankruptcy protection to spur sale
ARLINGTON, Texas (AP) -- The Texas Rangers filed for Chapter 11 bankruptcy protection on Monday in hopes of getting its $575 million sale to a team of investors cleared by midsummer. (Mon, 24 May 2010 11:43:12 -0700)

Texas Rangers seek bankruptcy protection to spur $575M sale
The Texas Rangers filed for Chapter 11 bankruptcy protection on Monday in hopes of getting its $575 million sale to a team of investors cleared by midsummer. The 21-page filing in U.S. Bankruptcy Court in Fort Worth, included a list of unsecured creditors headed by Alex Rodriguez, who's owed $24.9 million in deferred compensation six years since he was traded. (Mon, 24 May 2010 11:57:25 -0700)

Texas Rangers in bankruptcy filing; Ryan to buy team
Baseball great Nolan Ryan and a group of investors announced plans Monday to buy the Texas Rangers in a bankruptcy deal valued at $575 million. (Mon, 24 May 2010 12:58:43 -0700)

Texas Rangers Enter Bankruptcy to Expedite Sale
The Texas Rangers voluntarily filed for bankruptcy on Monday to facilitate the teams sale to a group of investors led by Chuck Greenberg and the teams president, Nolan Ryan , for about $575 million, The New York Timess Ken Belson reported. (Mon, 24 May 2010 13:13:36 -0700)

Texas Rangers file bankruptcy
The Texas Rangers baseball team filed for Chapter 11 bankruptcy protection on Monday to ease the sale of the team to a group led by team president and Hall of Fame pitcher Nolan Ryan for about $575 million. (Mon, 24 May 2010 17:07:37 -0700)

Rangers seek bankruptcy protection to spur sale
The Texas Rangers filed for Chapter 11 bankruptcy protection Monday in hopes of spurring completion of the stalled $575 million sale of the team and maybe clear the decks for the new owners to make pennant-chasing decisions this summer. (Mon, 24 May 2010 18:03:27 -0700)

Texas Rangers file for bankruptcy protection
The Texas Rangers baseball team filed for Chapter 11 bankruptcy protection on Monday to ease the sale of the team to a group led by team president and Hall of Fame pitcher Nolan Ryan for about $575 million. (Mon, 24 May 2010 19:15:23 -0700)

Former Edmonton Oilers owner Peter Pocklington to plead guilty in bankruptcy fraud case
Federal prosecutors say former Edmonton Oilers owner Peter Pocklington has agreed to plead guilty to perjury in a bankruptcy fraud case. (Mon, 24 May 2010 20:36:04 -0700)

Ex-Oilers owner admits perjury in bankruptcy case
RIVERSIDE, Calif. (AP) -- Former Edmonton Oilers owner Peter Pocklington has agreed to plead guilty to perjury in a bankruptcy fraud case, the U.S. attorney's office said. (Mon, 24 May 2010 22:49:33 -0700)

Rangers Bankruptcy Should Be Traditional, U.S. Says
May 25 (Bloomberg) -- The Texas Rangers prepackaged bankruptcy plan should be treated as a traditional filing because some of the baseball teams creditors wont be fully paid under the proposal, a U.S. Trustee said. (Tue, 25 May 2010 11:10:49 -0700)

Rangers' bankruptcy case may not find resolution quickly
A bankruptcy judge says he doesn't want the Texas Rangers 'to go hungry' during the team's bankruptcy case but that a resolution may not come as quickly as the baseball club wants. Texas Rangers - Bankruptcy - Law - United States - Baseball (Tue, 25 May 2010 17:09:36 -0700)

Creditors voice concerns over Rangers' bankruptcy
A bankruptcy judge said Tuesday that the Texas Rangers can pay employees and conduct other normal business operations so the team won't "go hungry," but he delayed some decisions after creditors criticized the baseball club's legal tactics. A day after the Rangers filed for Chapter 11 bankruptcy protection, U.S. (Tue, 25 May 2010 18:05:43 -0700)

Creditors voice concerns over Rangers' bankruptcy
A bankruptcy judge said Tuesday that the Texas Rangers can pay employees and conduct other normal business operations so the team won't "go hungry," but he delayed some decisions after creditors criticized the baseball club's legal tactics. (Tue, 25 May 2010 18:36:49 -0700)

Rangers See No Viable Option Except Bankruptcy Sale of Team
The Texas Rangers said there is no viable option for the team except a $575 million bankruptcy sale, while a group of secured lenders said the club could get a better deal. (Tue, 25 May 2010 21:23:54 -0700)

Bankruptcy moves Rangers closer to legitimacy
United States - Law - Services - Lawyers and Law Firms - Bankruptcy Law (Wed, 26 May 2010 01:54:08 -0700)

Creditors Concerned Over Rangers Bankruptcy
The Texas Rangers voluntarily pushed themselves into bankruptcy on Monday to facilitate the teams sale to a group of investors led by Chuck Greenberg and the teams president, Nolan Ryan, for about $575 million. (Wed, 26 May 2010 03:28:36 -0700)

More Cities on Brink of Bankruptcy
The chance of a bankruptcy filing by the Pennsylvania capital of Harrisburg looms large these days-and it could be just the tip of the iceberg. Some on Wall Street expect more to come this year-as many at 10 municipal bankruptcies. (Wed, 26 May 2010 10:31:19 -0700)

Ex-Oilers owner pleads guilty to bankruptcy perjury
Former Edmonton Oilers owner Peter Pocklington pleaded guilty Thursday to perjury in a Southern California bankruptcy fraud case. Edmonton Oilers - Peter Pocklington - National Hockey League - Sports - Bankruptcy (Thu, 27 May 2010 10:36:26 -0700)

Ex-Oilers owner pleads to bankruptcy perjury
Former Edmonton Oilers owner Peter Pocklington pleaded guilty Thursday to perjury in a Southern California bankruptcy fraud case. Pocklington, 68, entered the plea to a single perjury count in U.S. District Court under a deal that allowed him to avoid a possible 10-year prison term for making false statements and oaths in bankruptcy. (Thu, 27 May 2010 11:05:36 -0700)

Ex-NHL team owner pleads to bankruptcy perjury
Former Edmonton Oilers owner Peter Pocklington pleaded guilty Thursday to perjury in a Southern California bankruptcy fraud case. (Thu, 27 May 2010 12:41:41 -0700)

Bankruptcy talk spreads among Calif. muni officials
Two years after Vallejo, California, filed for bankruptcy protection, officials in nearby Antioch are also tossing around the 'B' word. (Thu, 27 May 2010 13:51:41 -0700)

Cooper-Standard exits bankruptcy protection
Novi-based auto supplier Cooper-Standard emerged from bankruptcy protection Thursday under the ownership of its bondholders. "The company has emerged with an exceptionally strong balance sheet that will enable us to maintain our leadership position and grow in the industry," said James McElya, Cooper-Standard's chairman and CEO, in a statement. (Fri, 28 May 2010 06:28:02 -0700)

Ex-Oilers owner pleads guilty to bankruptcy perjury
Former Edmonton Oilers owner Peter Pocklington pleaded guilty Thursday to perjury in a Southern California bankruptcy fraud case. Peter Pocklington - Edmonton Oilers - Sports - Teams - Leagues (Fri, 28 May 2010 08:36:47 -0700)

Tribune Delays Sending Bankruptcy Plan to Creditors
May 28 (Bloomberg) -- Tribune Co. delayed sending its bankruptcy plan to creditors for a vote, saying the newspaper publisher needs a few more days to settle a dispute with a group of junior lenders about how to describe their payment. (Fri, 28 May 2010 10:25:56 -0700)

Tribune Delays Sending Bankruptcy Plan to Creditors
May 28 (Bloomberg) -- Tribune Co. delayed sending its bankruptcy plan to creditors for a vote, saying the newspaper publisher needs a few more days to settle a dispute with a group of junior lenders about how to describe their proposed payment. (Fri, 28 May 2010 10:41:05 -0700)

Bashas' still plans bankruptcy exit
Attorneys for Chandler-based Bashas' Inc. said Friday that the company continues to plan to exit from bankruptcy in late July, but it may not have all the financing it needs to immediately pay off banks, note holders and unsecured creditors when it emerges. (Fri, 28 May 2010 16:12:18 -0700)

Rangers Creditors Consider Pursuing Forced Bankruptcy
Lenders to the Texas Rangers are considering forcing into bankruptcy the teams equity owners, entities controlled by Dallas millionaire Tom Hicks, to help attract a higher bid for the baseball team, a lawyer said. (Fri, 28 May 2010 17:49:42 -0700)

Rangers Lenders File Bankruptcy Against Equity Owners
May 28 (Bloomberg) -- Lenders to the Texas Rangers sought to force the baseball teams equity owners, entities controlled by Dallas millionaire Tom Hicks , into bankruptcy court protection. (Fri, 28 May 2010 20:40:49 -0700)

Texas Rangers Lenders File Bankruptcy Against Equity Owners
Lenders to the Texas Rangers sought to force the baseball teams equity owners, entities controlled by Dallas millionaire Tom Hicks, into bankruptcy court protection. (Fri, 28 May 2010 21:34:22 -0700)

Bankruptcy judge gives Tribune more time
WILMINGTON, Del., May 29 (UPI) -- A U.S. bankruptcy judge has given Tribune Co. more time to put together key pieces of its Chapter 11 restructuring plan. (Sat, 29 May 2010 07:54:08 -0700)

Texas Rangers lenders sue to force bankruptcy
A group of lenders to the Texas Rangers sued on Friday to put the baseball team's equity owners, controlled by private equity investor Thomas Hicks, into bankruptcy. (Sat, 29 May 2010 09:53:43 -0700)

Rangers creditors seek to expand bankruptcy case
Creditors for the Texas Rangers are seeking to expand the baseball team's recently filed Chapter 11 bankruptcy by forcing two of the club's equity holding firms into the case. A group of creditors that holds some of the $525 million in team debt filed... Texas Rangers - Baseball - Chapter 11 Title 11 United States Code - Law - Bankruptcy (Sat, 29 May 2010 12:28:41 -0700)

Rangers creditors seek to expand bankruptcy case
Creditors for the Texas Rangers are seeking to expand the baseball team's recently filed Chapter 11 bankruptcy by forcing two of the club's equity holding firms into the case. (Sat, 29 May 2010 12:35:41 -0700)

Rangers creditors seek to expand bankruptcy case
Creditors for the Texas Rangers are seeking to expand the baseball team's recently filed Chapter 11 bankruptcy by forcing two of the club's equity holding firms into the case. Texas Rangers - Baseball - Chapter 11 Title 11 United States Code - Law - Bankruptcy (Sat, 29 May 2010 12:39:31 -0700)

Bankruptcy filings: Paradise Estates, Style Gymnastics, Signs and Graphics
These firms recently filed with the U.S. Bankruptcy Court's local clerk of court offices. Bankruptcy - United States - Law - Services - Lawyers and Law Firms (Sun, 30 May 2010 21:00:00 -0700)

Ohioans writing off debt via bankruptcy
Ryan Foor is only slightly apologetic about writing off $30,000 in debts by going bankrupt. (Mon, 31 May 2010 05:40:36 -0700)

After Vallejo, City Of Antioch Officials Consider Bankruptcy Filings
Two years after Vallejo, California, filed for bankruptcy protection, officials in nearby Antioch are also tossing around the 'B' word. (Mon, 31 May 2010 09:29:50 -0700)

Eurofreshout of bankruptcy
Although Eurofresh Farms has emerged from bankruptcy protection and is planning expansion the tomato grower still owes Graham County and other taxing authorities millions of dollars. (Mon, 31 May 2010 14:43:20 -0700)

Back on stock market after bankruptcy protection
A handful of companies have done something returned to the stock market after a visit to bankruptcy protection. (Mon, 31 May 2010 16:58:37 -0700)

After bankruptcy, GM, Chrysler turn the corner
We don't need an aircraft carrier and "Mission Accomplished" banner, but isn't it time to agree that the auto rescue has been a success? A year after the government-sponsored bankruptcies of GM and Chrysler, both patients are alive and progressing well toward recovery. (Mon, 31 May 2010 21:00:00 -0700)

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