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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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With billions of dollars and thousands of jobs at stake, it's no surprise that the restructuring of Chrysler LLC has...
Visteon Corp.'s descent into bankruptcy presents yet another challenge to Ford Motor Corp. (NYSE:F), the only U.S.
After dealmaking and a downturn, Yellow Pages publisher R.H. Donnelley Corp. (OTC:RHDC) is reorganizing under Chapter...
To help put the minds of GM employees at ease, the troubled automaker paid 90,000 workers early this week so that no...
With more than 100 objections to the sale filed by the automaker's dealers, bondholders, former employees and others,...
One of the more peculiar aspects of the bankruptcy proceedings of the National Hockey League's Phoenix Coyotes is the...
...have filed for Chapter 11. The reason they’re filing for bankruptcy protection is...
Bankrupt Chrysler LLC on Wednesday afternoon named a new chairman: C. Robert Kidder, the former chair of Duracell...
Bankruptcy in the News - Chrysler Files Bankruptcy - Part II: Testing The Limits Of Section 363 Sales - Thursday, April...
The Sun-Times Media Group, which publishes The Sun-Times newspaper in Chicago, said on Tuesday that it had filed for...
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