Blog Posts in September, 2010
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Posted on Sep 30, 2010
Oriental Trading Company Inc. has filed for Chapter 11 bankruptcy protection in Delaware. The company claims that it has reached an agreement with its first lien holders on the terms of the ...
Posted on Sep 29, 2010
A plant and flower seed distributor, Park Seed, has been bought by Blackstreet Capital at a bankruptcy hearing. Blackstreet ended up offering $12.9 million for the company. The 200 employees were also ...
Posted on Sep 28, 2010
In Maryland, bankruptcy filings are almost up 36 percent in the last year. Both businesses and individuals are up in filing for bankruptcy. The increase in Maryland has outpaced the 20 percent ...
Posted on Sep 28, 2010
Specialized Legal Solutions has become a member of Find a Bankruptcy Lawyer. We are pleased to inform you that Wilmington Bankruptcy Lawyer, Specialized Legal Solutions, has become a member of our ...
Posted on Sep 28, 2010
As reported by Bloomberg, a $20 million dollar loan has been approved by U.S. Bankruptcy Judge Burton Lifland to assist the video retail chain, Blockbuster, reorganize and operate during its recent ...
Posted on Sep 27, 2010
Jackson, Michigan may face filing for bankruptcy unless its city council can rein in its spending. The city will likely run out of money in two years otherwise. Warren Renando, the interim city ...
Posted on Sep 26, 2010
National Envelope Corp. has won court approval to sell almost all of its assets for around $208 million to an affiliate of the private-equity firm Gores Group LLC. The company originally held an ...
Posted on Sep 25, 2010
Professional Veterinary Products, Ltd. has filed for bankruptcy and is now seeking a buyer. The company has decided to pursue a sale of substantially all of its assets. They believe that this decision ...
Posted on Sep 24, 2010
Old Time Pottery has emerged from Chapter 11 bankruptcy in less than three months after receiving approval of its reorganization plan. The company originally entered Chapter 11 bankruptcy in August of ...
Posted on Sep 24, 2010
The bankruptcy of Montana's private Yellowstone Club is being blamed on its founder, Tim Blixseth, and his fraudulent deals, per a federal judge and reported Google News. U.S. Bankruptcy Judge Ralph ...
Posted on Sep 23, 2010
Amcore Financial Inc. has filed for bankruptcy protection. The company has listed assets at $7.2 million with a debt of $75.4 million. The Chapter 11 filing comes four months after regulators closed ...
Posted on Sep 22, 2010
Hawaii Medical Center has emerged from Chapter 11 bankruptcy reorganization. The hospital had its joint reorganization plan approved by a bankruptcy court in May. The action has now cleared the way ...
Posted on Sep 21, 2010
EBG Holdings LLC, which operates Boston Generating LLC, has voluntarily filed Chapter 11 bankruptcy. The company is seeking a sale of its assets under Section 363 of the U.S. Bankruptcy Code. The ...
Posted on Sep 20, 2010
The real estate investment firm, JER Partners, is currently thinking about having Highland Hospitality file for bankruptcy. One of the chain's creditors acquired nearly $300 million of Highland debt ...
Posted on Sep 19, 2010
Apex Digital, which provides TVs, DVD players, Blu-ray players, converter boxes and other items, has filed for Chapter 11 bankruptcy. The company is currently working with a new licensee and intends ...
Posted on Sep 18, 2010
American Apparel clothing has announced that weak business and loans may lead the company to file for bankruptcy as they may not have sufficient liquidity necessary to continue operating for the next ...
Posted on Sep 17, 2010
The Arizona grocer Bashas' Inc. has been approved to emerge from bankruptcy protection by a federal judge. Banks and insurance companies holding the company's secured debt objected to the decision. ...
Posted on Sep 16, 2010
Jim Cullen, a bloodstock agent, has filed for Chapter 7 bankruptcy in Kentucky after being banned from all North American auctions through 2010. Cullen and his wife have listed assets under $193,000 ...
Posted on Sep 15, 2010
In Tahoe, the authority responsible for the BlueGo bus system is filing for bankruptcy protection. The company hopes that it will prompt a Douglas County judge to release $667,000 frozen in a lawsuit. ...
Posted on Sep 14, 2010
Gracious Home, a New York home goods retailer that was once a hardware store has filed for bankruptcy protection. The company will continue to operate during this time of bankruptcy. Now, the company ...
Posted on Sep 13, 2010
The developers of two Baltimore officer buildings that were becoming hotels have decided to file for Chapter 11 bankruptcy protection. The company has cancelled the plans. Originally the hotels were ...
Posted on Sep 12, 2010
Sea Island Co. in the Boston area has reached a deal to sell almost all of its assets. The company will be selling to a partnership formed by Oaktree Capital Management LA and Avenue Capital Group. ...
Posted on Sep 11, 2010
ISE Limited has announced that it is filing to reorganize under Chapter 11 bankruptcy protection. The filing was made in California. The company is allegedly seeking to raise additional capital ...
Posted on Sep 10, 2010
Stuyvesant Town/Peter Cooper Village Manhattan apartment complexes may go into bankruptcy if they can't work out a deal with the mortgage lenders. The investor William Ackman and Winthrop Realty Trust ...
Posted on Sep 9, 2010
At this time, MGM Studios may be forced into bankruptcy if they do not pay their debt interest. Due to lack of funding, the studio has had to halt the production of several film projects. If a force ...
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