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bankruptcy plan

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Week in Review.(Review)(Kmart Corp.'s bankruptcy plan delayed)
Objections delay approval of Kmart's revival plan Confirmation of Kmart Corp.'s bankruptcy plan has been delayed until at least this week. The Troy-based retailer had hoped for a decision on its reorganization plan from U.S. Bankruptcy Judge Susan Objections delay approval of Kmart's...
Tags: bankruptcy, company, K Mart, revenue, SBC Communications Inc.
Research articles 2003-04-21
Bankruptcy Plan Changes Ownership of Hilton in Fort Wayne, Ind.,. (Originated from The News-Sentinel, Fort Wayne, Ind.)
FORT WAYNE, Ind.--Aug. 10--Lincoln National Corp. will lose partial control of Fort Wayne's downtown Hilton hotel under a bankruptcy plan conditionally approved by a bankruptcy court in Florida. Servico Inc., which has been co-owner of the 251-room hotel with a Lincoln subsidiary, Lincoln National Realty Corp.,...
Tags: bankruptcy, Hilton Hotels Corp., Lincoln National Corp., Litigation
Research articles 1993-08-09
Claim Delays Approval of Charleston, S.C., Polymer Firm's Bankruptcy Plan.
By Jim Parker, The Post and Courier, Charleston, S.C. Knight Ridder/Tribune Business News Dec. 28--The court endorsement of Polymer Group's $500 million-plus bankruptcy plan is going to take a little while longer. When a disputed claim could not be resolved Friday,...
Tags: The Post Co.
Research articles 2002-12-28
ABB closer to US asbestos agreement, announces bankruptcy plan for Combustion Engineering
NORDIC BUSINESS REPORT-17 January 2003-ABB closer to US asbestos agreement, announces bankruptcy plan for Combustion EngineeringC1994-2003 M2 COMMUNICATIONS LTD http://www.m2.com
Tags: ABB, agreement, bankruptcy
Research articles 2003-01-17
Icahn in fresh attempt to block CIT plan
Carl Icahn, the activist investor, on Tuesday offered to limit losses for bondholders that join him in an 11-hour attempt to block a restructuring plan for CIT, the US commercial lender. The offer from Mr Icahn, who claims to be the largest holder of debt issued by CIT, is the...
Tags: Carl Icahn, Bondholder
News items 2009-10-27
CIT Moves Closer to Pre-packaged Bankruptcy Approval
By Elinor Comlay and Walden Siew NEW YORK (Reuters) - CIT Group CIT has met at least one of the hurdles necessary to file for a prepackaged bankruptcy, sources said, bringing the commercial lender one step closer to the fast bankruptcy process it is seeking to lower its liabilities and...
Tags: Bankruptcy, CIT Group
News items 2009-10-31
CIT Bankruptcy Plan May Win OK at December 8 Hearing
By Jonathan Stempel NEW YORK (Reuters) - A U.S. bankruptcy judge set a December 8 hearing to consider approval of CIT Group Inc's CITGQ reorganization plan, aiding the large commercial lender's effort to emerge from bankruptcy by year's end. "We are on a very fast track," Judge Allan Gropper said...
Tags: Bankruptcy
News items 2009-11-03
CIT in bankruptcy filing after bail-out move fails
CIT Group, the troubled US commercial lender that has been in business for more than a century, on Sunday filed for bankruptcy after attempts at a restructuring or bail-out failed. In a statement, CIT said it had asked the bankruptcy court to quickly confirm its prepackaged bankruptcy plan, which has...
Tags: Bankruptcy, CIT Group
News items 2009-11-01
CIT bankruptcy plan may win OK at Dec. 8 hearing
By Jonathan Stempel of Reuters NEW YORK - A US bankruptcy judge set a December 8 hearing to consider approval of CIT Group Inc's reorganization plan, aiding the large commercial lender's effort to emerge from bankruptcy by year's end. "We are on a very fast track," Judge Allan Gropper said...
Tags: Bankruptcy
News items 2009-11-03
CIT, Icahn Agree on Restructuring Plan
NEW YORK (Reuters) - Billionaire investor Carl Icahn, who had challenged CIT Group Inc's restructuring plan, said on Friday he was now backing the company's pre-packaged bankruptcy and would provide an additional $1 billion in credit to the lender. CIT shares slumped almost 17 percent to 79 cents, after being...
Tags: Bankruptcy, Restructuring, Restructuring Plan, Carl Icahn
News items 2009-10-30
Apex One, Inc. bankruptcy plan confirmed
NORTH READING, Mass.--BUSINESS WIRE--Feb. 12, 1997-- Converse Inc. (NYSE:CVE) today announced that the United States Bankruptcy Court for the District of New Jersey confirmed a plan of orderly liquidation in the Chapter 11 Bankruptcy proceedings involving Converse's subsidiary, Apex One, Inc. As previously announced, the plan includes...
Tags: bankruptcy, Business Wire, cancellation, creditor, liquidation, Litigation, Manufacturing
Research articles 1997-02-12
Court approves Leap's bankruptcy plan.(News)
Leap Wireless International Inc.'s amended joint plan of reorganization has been confirmed by the U.S. Bankruptcy Court for the Southern District of California. The plan, still subject to regulatory approval from the Federal Communications Co Leap Wireless International...
Tags: bankruptcy, Leap Wireless International Inc.
Research articles 2003-10-27
Senate drops plan to aid homeowners in bankruptcy court
WASHINGTON -- Republicans and business-friendly Democrats on Thursday scuttled a plan to give people threatened with losing their homes more leverage in winning favorable loan terms from their lenders in bankruptcy courts. The Senate killed the bankruptcy plan by a 58-36 vote on the first full day...
Tags: bankruptcy, Democrat, FINANCE, homeowner, Litigation, Taxes, U.S. Senate
Research articles 2008-04-04
Senate drops plan to help homeowners in bankruptcy
WASHINGTON -- Republicans and business-friendly Democrats on Thursday scuttled a plan to give people threatened with losing their homes more leverage in winning favorable loan terms from their lenders in bankruptcy courts. The Senate killed the bankruptcy plan by a 58-36 vote on the first full day...
Tags: bankruptcy, benefit, Democrat, FINANCE, homeowner, Litigation, Sen., Taxes, U.S. Senate
Research articles 2008-04-04
Armstrong World Industries Seeks to Toss Six Bankruptcy Plan Objections.
By Tim Mekeel, Lancaster New Era, Pa. Knight Ridder/Tribune Business News Oct. 28--Two-thirds are down; the other third ought to go. So says Armstrong World Industries, as it deals with objections to its bankruptcy reorganization plan. Facing a...
Tags: Armstrong World Industries Inc.
Research articles 2003-10-28
Ugly Duckling Corp. Announces Approval and Confirmation of First Merchants Acceptance Corp.'s Bankruptcy Plan
PHOENIX--AutomotiveWire--March 4, 1998--Ugly Duckling Corp. (Nasdaq NM:UGLY) Wednesday announced that First Merchants Acceptance Corp.'s (Nasdaq NM:FMAC) Second Amended Joint Plan for reorganization under Chapter 11 of the Federal Bankruptcy Code was approved Tuesday by those entitled to vote under the plan and confirmed by the United States Bankruptcy Court for...
Tags: bankruptcy, car, FINANCE, FSA, Nasdaq Stock Market Inc., Phoenix Technologies
Research articles 1998-03-04
Motient files bankruptcy. (Business).
RESTON, Va.--Wireless data carrier Motient Corp. announced plans to restructure its debt under a Chapter 11 bankruptcy plan the company filed with the Eastern District of Virginia Bankruptcy Court, a move Motient said will eliminate more than $40 m RESTON, Va.--Wireless data carrier Motient...
Tags: bankruptcy
Research articles 2002-01-14
Woods's five TV stations to go to banks. (Bank of America, Chemical Bank might take over stations owned by Woods Communication as part of bankruptcy plan) (Brief Article)
Bank of America and Chemical Bank would take over five network-affiliated television stations under a bankruptcy reorganization plan. Bank of America and Chemical Bank would take over five network-affiliated television stations under a bankruptcy reorganization plan.
Tags: bank, Bank of America Corp., bankruptcy, TV
Research articles 1993-08-23
Senate drops plan for mortgage aid
WASHINGTON -- Republicans and business-friendly Democrats on Thursday scuttled a plan to give people threatened with losing their homes more leverage in winning favorable loan terms from their lenders in bankruptcy courts. The Senate killed the bankruptcy plan by a 58-36 vote on the first full day of...
Tags: bankruptcy, benefit, Democrat, FINANCE, Litigation, mortgage, Mortgages, Taxes, U.S. Senate
Research articles 2008-04-04
Court to Hear Warren, Ohio-Based Steel Maker Bankruptcy Plan.
By Cynthia Vinarsky, Vindicator, Youngstown, Ohio Knight Ridder/Tribune Business News May 4--WARREN, Ohio -- WCI Steel is expecting plenty of support in federal bankruptcy court today in its fight for the exclusive right to submit a reorganization plan and emerge from bankruptcy...
Tags: Renco Group Inc., WCI Steel Inc.
Research articles 2004-05-04
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