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- Vectra Announces Purchase Agreement for Sale of Fuel Services Business, Filing for Bankruptcy Protection and NASDAQ Delisting
- SAN JOSE, Calif.--BUSINESS WIRE--Oct. 2, 1997--VECTRA Technologies, Inc. (NASDAQ:VCTR), a supplier of technologies and services to the nuclear power industry, reported today that it has signed a purchase agreement with Chem-Nuclear Systems LLC (a division of Waste Management Inc.) which is anticipated to lead to the sale of assets associated...
- Research articles 1997-10-02
- US Airways May Seek Bankruptcy Protection If It Can't Get New Labor Agreement.
- By Scott Bernard Nelson, The Boston Globe Knight Ridder/Tribune Business News By Scott Bernard Nelson, The Boston Globe Knight Ridder/Tribune Business News
- Research articles 2002-05-11
- Waivers Of Bankruptcy Protections Contained In Workout Agreements
- The article says that when it is clear that the essential deal is additional time or other concessions to the debtor in exchange for an agreement not to file bankruptcy. It may be useful to make that situation clear in the workout agreement and also to provide carefully considered stipulations...
- White papers 1997-12-01
Additional Resources
- Air Canada Might Face Bankruptcy Protection
- FP Trading Desk submits: Air Canada (AIDIF.PK) could be forced to file for bankruptcy protection if it does not obtain additional financing through asset sales and renegotiate its credit card agreement covenants, according to UBS analyst Fadi Chamoun. The airline filed for bankruptcy protection in 2003 and emerged 18...
- External links 2009-02-19
- Tropical Sportswear Agrees to Be Acquired by Perry Ellis in 363 Asset Sale; Files for Voluntary Bankruptcy Protection
- TAMPA, Fla. -- Company Secures Financing From CIT and Fleet to Allow Business Operations to Continue as Normal Tropical Sportswear Int'l Corporation (Nasdaq:TSIC) ("TSI"), a designer, producer and marketer of high-quality branded and retailer private branded apparel, announced that it has filed for voluntary Chapter 11 bankruptcy protection and...
- Research articles 2004-12-16
- Photocopier Firm Danka May Seek Bankruptcy Protection.
- Knight Ridder/Tribune Business News Nov. 20 -- Danka Business Systems PLC has acknowledged for the first time that it may seek bankruptcy protection if the photocopier distributor does not fix several key problems, including its supplier agreement with Eastman Kodak Co. ...
- Research articles 1998-11-20
- Group Long Distance Announces Termination of Agreement and Plan of Merger with Quentra Networks, Inc
- Business Editors POMPANO BEACH, Fla.--BUSINESS WIRE--Dec. 15, 2000 GROUP LONG DISTANCE, INC. ("Group Long Distance" or the "Company") (Pink Sheets:GLDI) announced today that it had terminated its previously announced Agreement and Plan of Merger with Quentra Networks, Inc. ("QUENTRA") (formerly Coyote Network Systems, Inc.). QUENTRA has today...
- Research articles 2000-12-15
- LyondellBasell's options include bankruptcy: spokeswoman
- NEW YORK (Reuters) - LyondellBasell Industries AF SCA ACCEIN.UL has told lenders it is considering filing for bankruptcy protection, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The privately-held chemical firm has hired a bankruptcy counsel and may file for Chapter 11 shortly, these people...
- News items 2009-08-07
- Globalstar seeks Chapter 11 protection. (News).
- SAN JOSE, Calif.--Globalstar L.P. filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court in Delaware after reaching an agreement with several of its major creditors. Normal operations and customer support will continue uninter SAN JOSE, Calif.--Globalstar L.P....
- Research articles 2002-02-18
- General Growth Reaches Agreement With Lenders
- By Ilaina JonasNEW YORK (Reuters) - General Growth Properties GGWPQ, the giant mall operator that filed for bankruptcy in April, said on Thursday it reached an agreement with lenders that extends maturities on 70 loans and enables the lenders to get their money back.The agreement applies mostly to mortgages and...
- News items 2009-11-19
- Travel Roundup: Wynn Divorces Board Member, US Airways' $1 Million Xbox Lawsuit, Herbst Gaming Bankruptcy and More
- Billionaire Steve Wynn and wife headed for divorce -- Divorce papers for Wynn Resorts Ltd. chief executive Steve Wynn and his wife were filed March 5 and sealed by a judge in Nevada. It is unknown how the divorce could affect the company -- Elaine Wynn is an active board member and...
- Blog posts 2009-03-11
- TRIBUNE FILES FOR CH. 11 BANKRUPTCY PROTECTION; Cubs Not Included In Filing
- Tribune has filed for Chapter 11 protection this morning, in bankruptcy court in Wilmington, Delaware. This comes after the news yesterday that the debt-laden newspaper company and owner of LA Times and Chicago Tribune had hired investment bank Lazard and the law firm Sidley Austin to try and help...
- External links 2008-12-08
- Energy Roundup: Prius Goes Solar, Shell Investors Reject Exec Bonuses, Pacific Ethanol Bankruptcy, and More
- Shell investors say 'No' to senior executive pay packages -- A majority of Royal Dutch Shell shareholders, angry with plans to award bonuses in a year of missed performance targets, rejected the senior executive pay package at its annual general meeting. The vote is advisory and the pay package including the...
- Blog posts 2009-05-19
- Some Canwest Properties File For Bankruptcy
- Candian media giant Canwest has asked a court for bankruptcy protection for some of its flagship holdings, including the National Post newspaper and the Global Television Network. The move was expected. Canwest’s finances have been unraveling (Revenue dropped 14 percent last quarter, while losses jumped) and the company was...
- External links 2009-10-06
- United Airlines gets creditor approval for bankruptcy exit
- CHICAGO AFP — United Airlines' parent UAL Corp said it had reached a consensual agreement with all its creditors that will allow it to emerge from bankruptcy protection in February. The agreement resolves a number of outstanding issues with the airline's reorganization plan and its decision to default on...
- Research articles 2006-01-12
- Northwest reaches tentative agreement with flight attendants
- CHICAGO AFP — Northwest Airlines reached a tentative agreement with its flight attendants union on pay cuts that will help the struggling airline emerge from bankruptcy protection, company and union officials said. "With the airline in bankruptcy, this deal was always going to be about survival," the new union...
- Research articles 2006-07-17
- Delta reaches agreement with retirees
- ATLANTA -- Delta Air Lines Inc., which is operating under bankruptcy protection, reached an agreement Thursday with thousands of retirees on changes to medical benefits that will save the nation's No. 3 carrier about $50 million annually. The deal, which would need to be approved by a bankruptcy...
- Research articles 2006-10-06
- McLane To Acquire AmeriServe Tricon Extends Supply Agreement To 2010.(Brief Article)
- McLane Co., Inc., the only nationwide distributor to convenience stores and subsidiary of Wal-Mart Stores, Inc., has signed a definitive agreement with AmeriServe Food Distribution, Inc. to acquire certain assets of the Addison, TX-based firm's U.S. distribution business -- subject to approval by the U.S. Bankruptcy...
- Research articles 2000-08-21
- Delphi Corp. Signs Agreements With GM To Exit Bankruptcy
- Automotive parts supplier Delphi Corp. signed settlement and restructuring agreements with former parent General Motors Corp., clearing a major obstacle to Delphi's emergence from bankruptcy protection.Delphi filed its reorganization plan Sept. 6 with a federal bankruptcy judge in New York in its quest to end nearly two years under Chapter...
- Research articles 2007-09-24
- CIT Group's Bankruptcy Plan: Goodbye Common and Preferred Stock
- Kirk Lindstrom submits: On Sunday, CIT Group CIT filed for bankruptcy protection with nearly 90% of its debt holders voting in favor of the agreement. The key provisions of the agreement are: Emergence sought by year-endOperating entities remain unaffected and highly liquidContinue lending to small and middle market businesses"Under the...
- External links 2009-11-02
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