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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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Munich-based fashion house Escada AG has fallen prey to the same financial pressures that have made many of its global...
A major Brooklyn Burger King franchisee, AJA New York Restaurant Holdings, filed for Chapter 11 bankruptcy protection.
What if ordering a Buick were more like ordering a laptop computer from Dell Inc. (NASDAQ:DELL)? You might like it.
With the new, streamlined General Motors Co. now out of bankruptcy, attention has turned to when the government-owned...
A down market is often the best time to acquire a business, snap up strategic assets, or simply recapitalize or...
As Arcandor's self-administration unravels, does debtor-in-possession bankruptcy have a future in Germany? One expert...
The Smith brothers controlling Sinclair Broadcasting may be sincere about dealing with a debt problem at a closely held...
With a little help from the government, it looks like retailer Boscov's Inc. will be able to exit from Chapter 11.
Misinformation can often spread like a bad game of telephone, and this week's news of Donald Trump's move to recapture...
A Ford Motor Co. (NYSE:F) executive on Friday delivered a stern message to the automaker's suppliers: Get healthy now,...
Computer Sciences Corp. (NYSE:CSC) has completed its acquisition of BearingPoint Inc.'s Brazil consulting business.
It looks like it's time for Wall Street lawyers and bankers to collect fees from Lehman Brothers Holdings Inc.
Sweden's Ericsson AB may have been the high bidder for the wireless assets of bankrupt Nortel Networks Corp.
While Detroit officials may be looking toward a Chapter 9 filing to steer the Detroit Public School System away from...
Bids are due Monday to buy Frontier Airlines Holdings Inc. out of bankruptcy, with at least two potential suitors...
On Saturday, the Financial Times' John Kay conveniently read some 10 books about the credit crunch and reviewed them...
On Wednesday we were among those commenting on a Tuesday blog post by General Motors Co. group VP John Smith about the...
Former Lehman Brothers Inc. trader Lawrence McDonald, the author of "A Colossal Failure of Common Sense," not...
Recent earnings reports show companies are slashing costs, paying off debt, and stockpiling cash. Meanwhile, economists...
Stop us if you've heard this: Big Japanese company tries to globalize, is undermined by culture clash resulting from...
Ever heard of an auction where the seller's chief negotiator writes a blog post complaining that a bidder has submitted...
Bank of America Corp. (NYSE:BAC) will pay formerly bankrupt Italian food group Parmalat Finanziaria SpA $98.
Nortel Network Corp.'s widely publicized auction of its mobile infrastructure assets is an example of how distress is...
A few retailers are coming off a good week -- in bankruptcy court. The sales of both Eddie Bauer Holdings Inc.
Top Sources: Chapter 11 Bankruptcy
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- Reuters
- Wall Street Journal Online
- BusinessWeek
- Crains ChicagoBusiness
- St. Petersburg Times
- Chicago Tribune
- Crains NY Business
- New York Times
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