At one time, bankruptcy was regarded as shameful—something that left the doors of bankrupt businesses shuttered and forlorn, while individuals huddled penniless on the streets or in jail, unable to face their friends. Today bankruptcy doesn’t carry quite that stigma. With business being covered far more broadly and intently by...
ST. LOUIS -- Electro-Chemical Technologies Ltd. (Pink Sheets: ELCHQ) announced today that Electro-Chemical Technologies Ltd. ("ECT") has sold its assets pursuant to Order of Court in its pending chapter 11 proceeding in the United States Bankruptcy Court, Eastern District of Missouri. The closing of the sale was effective as of...
Receives a Commitment for $35 Million of Debtor-in-Possession Financing Operations Will Continue As Normal Pierre Remains Focused on Quality and Customer Satisfaction CINCINNATI, July 15 /PRNewswire/ -- Pierre Foods, Inc. (the "Company" or "Pierre") announced today that it and its subsidiaries filed voluntary...
ActionView International, Inc. (OTCBB: AVWI)today issued further comment regarding the recent filing of Chapter 11bankruptcy protection by Jim Palmer Equipment, Inc. and Jim PalmerEquipment II, LLC, entities related to Jim Palmer Trucking, Inc., withwhich ActionView had entered into a letter of intent for an acquisitiontransaction. As part of the...
* Plan Approved by Vertis Noteholders * Plan Will Implement Vertis Merger with American Color Graphics * Debt of Combined Company to be Reduced by Approximately $1 Billion * Operations to Continue Uninterrupted and Allowed Claims of Trade Creditors Expected to be Paid in...
Operations to Continue Uninterrupted, Trade Creditors Expected to Be Paid in Full Commitment for up to $135 Million in New Financing Received NASHVILLE, Tenn. -- American Color Graphics, Inc. ("the Company"/ "American Color") today filed voluntary petitions for reorganization under Chapter 11 of the Bankruptcy Code,...
TEMPE, Ariz. -- Syntax-Brillian Corporation (Nasdaq: BRLC), a leading manufacturer and marketer of LCD HDTVs, digital cameras and consumer electronics products, today announced that on July 9, 2008, it obtained interim Bankruptcy Court approval for, and entered into, a debtor-in-possession DIP financing agreement with various lenders and Silver Point Finance,...
CARSON, Calif. -- Western Nonwovens, Inc. and certain of its affiliates ("WNI" or the "Company") announced today that it has agreed to sell a substantial portion of its assets to SBC Manufacturing Co. LLC ("SBC"). The sale includes WNI's plants in Orlando, FL, Sauget, IL, and an option to purchase...
ActionView International, Inc. (OTCBB: AVWI)today issued a comment regarding the recent filing of Chapter 11 bankruptcyprotection by Jim Palmer Equipment Inc. and Jim Palmer Equipment II, LLC,entities related to Jim Palmer Trucking, Inc. In May 2008, ActionViewannounced a letter of intent to acquire Jim Palmer Trucking to become thefocus...
MONTREAL, July 11 /PRNewswire/ -- French Dressing Jeans, the iconic Montreal jean brand that built its reputation and business on a "Real Fit for Real Women" is poised for a major comeback this summer. FDJ Monde Inc, the former owner of the French Dressing Jeans brand, filed...
NORTHBROOK, Ill. -- Hilco Corporate Finance LLC and Hilco Real Estate LLC have been retained to market and sell the business assets of National Dry Cleaners, Inc. ("NDCI"), the largest group of affiliated dry cleaners in the United States. NDCI filed a voluntary petition for relief under chapter 11 of...
SIOUX FALLS, S.D., July 10 /PRNewswire-FirstCall/ -- NorthWestern Corporation d/b/a NorthWestern Energy ("NorthWestern") today announced that the U.S. Bankruptcy Court for the District of Delaware has approved a settlement agreement by and among, inter alia, NorthWestern, Magten Asset Management ("Magten"), Law Debenture Trust Company of New York ("Law...
Closes on Sale of Equity of Reorganized Company Pursuant to Plan of Reorganization Emerges from Chapter 11 with Stronger Balance Sheet, New Financing and Better Ability to Serve Customers and Grow Business CINCINNATI -- The Wornick Company, a leading manufacturer of ready-to-eat shelf stable food, announced...
Judge Approves Bid Protections For Sterlite ALBUQUERQUE, N.M. & MUMBAI, India -- The unions representing the workers of ASARCO LLC ("ASARCO"), and Sterlite Industries India Limited ("Sterlite") (NYSE:SLT), a subsidiary of Vedanta Resources plc and a party to an agreement to acquire substantially all assets of ASARCO, jointly...
Steve & Barry's Stores Open and Serving Customers as Usual Taking Steps to Reduce Operating Expenses PORT WASHINGTON, N.Y. -- Steve & Barry's LLC and 63 of its affiliates announced today that they have initiated cases under Chapter 11 of the U.S. Bankruptcy Code in the...
HARTSVILLE, S.C., July 9 /PRNewswire/ -- Hilex Poly Co. LLC, ("Hilex" or "the Company"), the world's largest plastic bag company, today announced that it has successfully emerged from its pre-packaged Chapter 11 restructuring as a healthy company with a solid financial structure. Hilex officially concluded its Chapter 11 reorganization...
TEMPE, Ariz. -- Syntax-Brillian Corporation (Nasdaq: BRLC), a leading manufacturer and marketer of LCD HDTVs, digital cameras and consumer electronics products, today announced it has received approval from the United States Bankruptcy Court for the District of Delaware for its first day motions. These motions were submitted July 8, 2008,...
NEWPORT NEWS, Virginia AFP — Former American football star Michael Vick filed for bankruptcy at a US Bankruptcy Court here, seeking Chapter 11 protection and citing debts between 10 million and 50 million dollars. The former Atlanta Falcons quarterback has served seven months of a 23-month sentence on...
Utah 7000 LLC, the owner of a 7,224-acre community in Summit County called Promontory, has won court permission to borrow as much as $25 million from Pivotal Financing LLC, over the objections of a Credit Suisse Group unit. Pivotal's loan would be paid before all other claims,...
High Velocity Alternative Energy, Inc.(PINKSHEETS: HVAG) is pleased to announce that on June 27, 2008, the UnitedStates Bankruptcy Court for the Southern District of New York has approvedthe Settlement Agreement between the Company and Highgate House Funds,Ltd., with a one time "lump sum" payment of $750,000, in full settlement ofall...
Articles 2008-07-02
<< Previous
page 1 of 1
Next >>
Premier Vendor Content
Whitepapers, webcasts & resources from our Power Center Sponsors
