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CHAPTER 11 BANKRUPTCY
Chapter 11 Bankruptcy is the form of bankruptcy, sometimes called "reorganization,” available to companies in financial distress under Title 11 of the U.S. Code. Through imposition of an "automatic stay" to suspend collection efforts against the debtor, Chapter 11 offers a "breathing spell" to businesses (and individuals) needing some extra time to put their financial house in order and can give them a "fresh start" to achieve financial success.
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inheriting the pact with the heirs. In April, the mall owner, struggling under $27 billion of debt, sought Chapter 11...
After a rash of high-profile retail bankruptcies in the first half of 2009, the number of filings has slowed.
In a recent column on enterprise communications equipment maker Avaya Inc., I talked about one of the company's main...
Lance Inc. has proved that one can have its cake (or cookie) and eat it too. The Charlotte, N.C.-based snack food...
other products. Italian auto major Fiat acquired a 20% stake in Chrysler after the Michigan-based company filed for...
Now that the dust has settled on Ciena Corp.'s (NASDAQ:CIEN) announcement Wednesday that it has tentatively agreed to...
He sure is "the Turnaround Kid." Now that Delphi Corp. has finally emerged from its four-year bankruptcy, the...
If this article is confusing, that is, at least in part, the point. Orlando-based Telligenix Corporation bought what...
(Crain’s) — A U.S. Bankruptcy Court judge on Thursday approved the sale of the Sun-Times Media Group to an investment...
NEW YORK (Dow Jones)--Citigroup Inc. (C) and UBS have joined JPMorgan Chase & Co. (JPM) as lead arrangers on Lear...
Intrigue is mounting in the bankruptcy of Philadelphia's daily newspapers. Early in the case, Philadelphia Newspapers...
"Simmons has been a cash cow. It's made a lot of people a lot of money. But there's a growing question in the...
Actor Bruce Willis signed a deal in April to be the pitch man for Sobieski vodka - a brand of Belvedere SA - in print...
Pay czar Kenneth Feinberg is gearing up to restructure the way top executives at the seven companies under his purview...
Sergio Marchionne is shuffling the management ranks and organizational chart at Chrysler Group LLC for the second time...
Looks like staffers of The Deal will no longer have impromptu elevator rides with Jon Bon Jovi to look forward to.
This wouldn't have happened during the Cold War. On Monday, Russian gun maker OAO Izhmash, the creator and manufacturer...
on Wednesday by the company's unsecured creditors, was approved by Judge Peter Walsh. MagnaChip Semiconductor filed for...
After two months of testimony and cross examination, lawyers for Charter Communications Inc. and its creditors will...
Acclaimed fashion designer Marc Ecko, who garnered attention in 2007 when he paid $752,467 for Barry Bonds'...
A group of Six Flags Inc.'s noteholders are hoping to have the same luck that the bondholders in Trump Entertainment...
These days must be tough for fans of pro hockey's Phoenix Coyotes. Or is it the other way around? The bankrupt team,...
American Axle & Manufacturing Holdings Inc. appears to have avoided the fate of many of its auto parts brethren,...
Nomura Holdings Inc. (NYSE:NMR) is apparently more keen on Facebook then LinkedIn when it comes to recruiting.
Top Sources: Chapter 11 Bankruptcy
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