Blog Posts in January, 2011
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Posted on Jan 31, 2011
The residential land development and home building company California Coastal Communities has reportedly filed to exit Chapter 11 bankruptcy. The company has a plan that is supported by senior ...
Posted on Jan 30, 2011
Townsends Inc., which operates chicken and egg farms in various states, has reportedly filed for Chapter 11 bankruptcy. According to reports, the company listed assets at $131 million and debts at ...
Posted on Jan 29, 2011
Metro-Goldwyn-Mayer has reportedly emerged from Chapter 11 bankruptcy. Two men will reportedly take over as co-chairmen and chief executives. Now, as the company is reorganized, it has about 320 ...
Posted on Jan 28, 2011
Shane Co. jeweler has reportedly emerged from their Chapter 11 bankruptcy. According to reports, the company filed for Chapter 11 in January 2009 as they had suffered from the economy and a pricey fix ...
Posted on Jan 27, 2011
Tally's Construction Co. Inc. has reportedly filed for bankruptcy. The company has recently been criticized for not finishing home renovations. According to reports, the company listed liabilities at ...
Posted on Jan 26, 2011
Leon Sugar's men's store in the Fayetteville, North Carolina area has reportedly filed for Chapter 11 bankruptcy protection. The company reportedly plans on restructuring its debt. As of now, debt is ...
Posted on Jan 26, 2011
FairPoint Communications Inc., a Charlotte, North Carolina based telecommunications company, completed 15 months of bankruptcy reorganization on January 24, as reported by the Associated Press for ABC ...
Posted on Jan 25, 2011
The bankruptcy filing of Project Homestead has been approved. According to reports, this will end the almost seven-year legal battle. The company has reportedly proposed a distribution of the agency's ...
Posted on Jan 24, 2011
Former East Chicago Mayor Robert Pastrick has reportedly filed for bankruptcy. This filing will reportedly affect the state's attempts to collect more than $100 million civil judgment against him for ...
Posted on Jan 23, 2011
Windowizards will reportedly not be filing for bankruptcy despite the fact that it abruptly closed its doors recently. The window-replacement sales and installation business will reportedly continue ...
Posted on Jan 22, 2011
The Herbst family has had their bankruptcy reorganization plan approved. The family that operates gambling operations in Las Vegas will reportedly hand over 15 casinos to a new company. The bankruptcy ...
Posted on Jan 21, 2011
The Tennessee restaurant Mad Donna's is reportedly filing for Chapter 11 bankruptcy protection. The owners reportedly hope to keep the restaurant and lounge open at this time, operating while the ...
Posted on Jan 20, 2011
Advanta Corp. has been successful in winning a bankruptcy plan extension. The company has reportedly been able to resolve significant conflicts with the creditors' committee. With the extension, ...
Posted on Jan 19, 2011
Central Falls, Rhode Island is reportedly facing possible bankruptcy due to more than $25 million in budget deficits. The city has to make reforms in order to avoid bankruptcy, but may have to file ...
Posted on Jan 19, 2011
A Delaware Bankruptcy court is still working with Gottschalks' creditors as they are waiting to see if they will be able to receive any of the money owed to them since Gottschalks entered bankruptcy ...
Posted on Jan 18, 2011
Junk Cars R Us in the Bronx has reportedly filed for bankruptcy as they are facing six lawsuits just from this year. The company reportedly filed for Chapter 7 bankruptcy and listed assets at around ...
Posted on Jan 17, 2011
An Idaho-based contractor that reportedly has unfinished work in North Dakota has filed for bankruptcy. The company was paid about $70,000 to fix a roof, but hasn't done the job. The contractor, Two ...
Posted on Jan 16, 2011
MMFX Technologies Corp. has reportedly filed for bankruptcy protection due to excess debt accumulated while it purchased a Canadian steel mill. The company will reportedly continue to operate as ...
Posted on Jan 15, 2011
The designer sale merchandise store Loehmann's reportedly has plans to exit bankruptcy soon. The store filed Chapter 11 bankruptcy in November and plans to exit in February 2011. It is unknown if any ...
Posted on Jan 14, 2011
Mount Diablo School District in the Concord, California area is reportedly facing bankruptcy. The school district has already gone through recent cuts of jobs and after school problems in order to ...
Posted on Jan 13, 2011
Penzance Cascades North LLC has reportedly filed for bankruptcy protection in the Virginia area. The company has reportedly listed debt at $100 million to $500 million while assets are at $10 million ...
Posted on Jan 12, 2011
Great Atlantic & Pacific Tea Co. is reportedly considering filing for bankruptcy protection. The grocery store chain may file for Chapter 11 in order to restructure debt. The matter, at this time, ...
Posted on Jan 11, 2011
The owners of the Baymont Inn & Suites in Port Columbus have reportedly filed for bankruptcy. The inn does remain open at this time as it is trying to protect itself from the struggles of its ...
Posted on Jan 11, 2011
The Las Vegas Sun has reported that the Las Vegas restaurant and nightclub owned by Eva Longoria and her co-investors, Beso, has filed for bankruptcy protection in an effort to restructure debts of ...
Posted on Jan 10, 2011
Molecular Insight Pharmaceuticals Inc has reportedly had to file for Chapter 11 bankruptcy after bondholders rejected a $45 million rescue package. The package reportedly came from Savitr Capital LLC. ...
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