Blog Posts in September, 2010

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Oriental Trading Company Files for Chapter 11

Oriental Trading Company Inc. has filed for Chapter 11 bankruptcy protection in Delaware. The company claims that it has reached an agreement with its first lien holders on the terms of the ...

Seed Company Gets Bought At Bankruptcy Hearing

A plant and flower seed distributor, Park Seed, has been bought by Blackstreet Capital at a bankruptcy hearing. Blackstreet ended up offering $12.9 million for the company. The 200 employees were also ...

Bankruptcy on the Rise in Maryland

In Maryland, bankruptcy filings are almost up 36 percent in the last year. Both businesses and individuals are up in filing for bankruptcy. The increase in Maryland has outpaced the 20 percent ...

Specialized Legal Solutions becomes a member of Find a Bankruptcy Lawyer

Specialized Legal Solutions has become a member of Find a Bankruptcy Lawyer. We are pleased to inform you that Wilmington Bankruptcy Lawyer, Specialized Legal Solutions, has become a member of our ...

Blockbuster Bankruptcy Gets A Loan

As reported by Bloomberg, a $20 million dollar loan has been approved by U.S. Bankruptcy Judge Burton Lifland to assist the video retail chain, Blockbuster, reorganize and operate during its recent ...

Michigan City May Face Bankruptcy

Jackson, Michigan may face filing for bankruptcy unless its city council can rein in its spending. The city will likely run out of money in two years otherwise. Warren Renando, the interim city ...

Envelope Maker Wins Bankruptcy Court Approval

National Envelope Corp. has won court approval to sell almost all of its assets for around $208 million to an affiliate of the private-equity firm Gores Group LLC. The company originally held an ...

Veterinary Product Distributor Files for Bankruptcy

Professional Veterinary Products, Ltd. has filed for bankruptcy and is now seeking a buyer. The company has decided to pursue a sale of substantially all of its assets. They believe that this decision ...

Old Time Pottery Emerges from Bankruptcy

Old Time Pottery has emerged from Chapter 11 bankruptcy in less than three months after receiving approval of its reorganization plan. The company originally entered Chapter 11 bankruptcy in August of ...

Deceptive Yellowstone Club Founder Responsible for Some Debt

The bankruptcy of Montana's private Yellowstone Club is being blamed on its founder, Tim Blixseth, and his fraudulent deals, per a federal judge and reported Google News. U.S. Bankruptcy Judge Ralph ...

Amcore Financial Files for Bankruptcy Protection

Amcore Financial Inc. has filed for bankruptcy protection. The company has listed assets at $7.2 million with a debt of $75.4 million. The Chapter 11 filing comes four months after regulators closed ...

Medical Center Emerges from Bankruptcy

Hawaii Medical Center has emerged from Chapter 11 bankruptcy reorganization. The hospital had its joint reorganization plan approved by a bankruptcy court in May. The action has now cleared the way ...

EBG Holdings Files for Chapter 11

EBG Holdings LLC, which operates Boston Generating LLC, has voluntarily filed Chapter 11 bankruptcy. The company is seeking a sale of its assets under Section 363 of the U.S. Bankruptcy Code. The ...

Hotel Chain May File for Bankruptcy

The real estate investment firm, JER Partners, is currently thinking about having Highland Hospitality file for bankruptcy. One of the chain's creditors acquired nearly $300 million of Highland debt ...

Apex Digital Files Chapter 11

Apex Digital, which provides TVs, DVD players, Blu-ray players, converter boxes and other items, has filed for Chapter 11 bankruptcy. The company is currently working with a new licensee and intends ...

The Bronson Law Offices, P.C. becomes a member of Find a Bankruptcy Lawyer

The Bronson Law Offices, P.C. has become a member of Find a Bankruptcy Lawyer. We are pleased to inform you that Fresh Meadow Bankruptcy Lawyer, The Bronson Law Offices, P.C., has become a member of ...

American Apparel Close to Bankruptcy

American Apparel clothing has announced that weak business and loans may lead the company to file for bankruptcy as they may not have sufficient liquidity necessary to continue operating for the next ...

Bronson Law Offices, P.C. becomes a member of Find a Bankruptcy Lawyer

Bronson Law Offices, P.C. has become a member of Find a Bankruptcy Lawyer. We are pleased to inform you that Harrison Bankruptcy Lawyer, Bronson Law Offices, P.C. , has become a member of our ...

Grocer OK to Exit Bankruptcy

The Arizona grocer Bashas' Inc. has been approved to emerge from bankruptcy protection by a federal judge. Banks and insurance companies holding the company's secured debt objected to the decision. ...

Bloodstock Agent Files Chapter 7 Bankruptcy

Jim Cullen, a bloodstock agent, has filed for Chapter 7 bankruptcy in Kentucky after being banned from all North American auctions through 2010. Cullen and his wife have listed assets under $193,000 ...

Transit Authority Filing for Bankruptcy

In Tahoe, the authority responsible for the BlueGo bus system is filing for bankruptcy protection. The company hopes that it will prompt a Douglas County judge to release $667,000 frozen in a lawsuit. ...

Home Goods Retailer Files for Bankruptcy

Gracious Home, a New York home goods retailer that was once a hardware store has filed for bankruptcy protection. The company will continue to operate during this time of bankruptcy. Now, the company ...

Developers File for Bankruptcy

The developers of two Baltimore officer buildings that were becoming hotels have decided to file for Chapter 11 bankruptcy protection. The company has cancelled the plans. Originally the hotels were ...

Sea Island Files for Bankruptcy

Sea Island Co. in the Boston area has reached a deal to sell almost all of its assets. The company will be selling to a partnership formed by Oaktree Capital Management LA and Avenue Capital Group. ...

ISE Files for Chapter 11 Protection

ISE Limited has announced that it is filing to reorganize under Chapter 11 bankruptcy protection. The filing was made in California. The company is allegedly seeking to raise additional capital ...
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