Blog Posts in August, 2011

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Crystal Cathedral Wants Donations to Emerge from Bankruptcy

The Crystal Cathedral in California is reportedly hoping for enough donations in order to emerge from bankruptcy. According to reports, the church has more than $50 million in debt and is sticking ...

Decades Old Grocery Store Chain Remains Open During Bankruptcy

An 82-year old gourmet grocery chain, that had aggressively expanded and currently employs 400 people, now seeks Chapter 11 bankruptcy protection, as reported by the Oakland Tribune. Andronico's ...

Apartment Tower Owner Files for Bankruptcy

The New York City real estate company 785 Partners LLC has reportedly filed for bankruptcy protection. The owner of an apartment tower on Eighth Avenue has reportedly filed for Chapter 11. According ...

Indoor Football Team Files for Bankruptcy

Oklahoma City's indoor football team, The Bricktown Brawlers, has reportedly filed for Chapter 7 bankruptcy liquidation. According to reports, the company has listed just over $55 in assets with more ...

Marco Polo Seatrade BV Filing for Bankruptcy

Marco Polo Seatrade BV, a manager of funds and more, has reportedly filed for bankruptcy protection. According to reports, the company has filed Chapter 11 in New York. As of now, the business has ...

Rhode Island City Files for Bankruptcy

The city of Central Falls, Rhode Island has reportedly filed for bankruptcy protection. According to reports, the city has been dealing with debt and financial problems for years. Now, the company has ...

Owner of Hooters Casino Files for Bankruptcy

The owner of a Hooters Hotel and Casino has reportedly filed for Chapter 11 bankruptcy. According to reports, the owner is looking to reorganize millions of dollars in debt. The owner reportedly ...

Saab Tools Files for Bankruptcy

Saab Tools has reportedly announced that it has filed for bankruptcy. According to reports, the company has had an ongoing cash shortage problem as they could not settle a matter with SwePart Verktyg ...

Resort and Spa No Longer in Bankruptcy

Safety Harbor Resort and Spa has reportedly emerged from bankruptcy. According to reports, a judge has confirmed a financial restructuring plan. As a result of the approval, the resort will have ...

Chevys Closes After Filing Bankruptcy

A Columbia, Missouri franchise of Chevys Fresh Mex has reportedly closed down after filing for bankruptcy. According to reports, the business filed for Chapter 11 bankruptcy protection. The closure of ...

1960s Winery and Restaurant Files Bankruptcy

Russian River Vineyards, whose ownership has changed several hands since it was built in 1969, has filed for Chapter 11 bankruptcy in an attempt to protect itself from creditors and restructure its ...

Wisconsin Bankruptcy Filings Down

In Wisconsin, it is reported that bankruptcy filings are down compared to this time last year. According to reports, filings in Wisconsin have fallen by about 8.4%. The filings are the first half of ...

County Close to Bankruptcy

Jefferson County in Alabama is reportedly getting closer to filing for bankruptcy. According to reports, the county is reportedly looking into a Chapter 9 bankruptcy filing in case they end up having ...

Construction Company Files for Bankruptcy

Wiser Construction LLC in Southern Nevada has reportedly filed for Chapter 11 bankruptcy reorganization. According to reports, the company has suffered financial problems that also caused it to stop ...

Hooters Las Vegas Location Files Chapter 11 Bankruptcy

The Las Vegas Hooters resort parent company, 155 East Tropicana LLX, filed for Chapter 11 bankruptcy on August 1 due to the threat of foreclosure, while the staff, including the popular chicken-wing ...

Small Town Trying to Avoid Bankruptcy

The town of Oakridge, Oregon is reportedly trying to avoid having to file for bankruptcy at this time. According to reports, the city is seeking $500,000 in order to avoid bankruptcy. The city is ...

Medic-1 Files for Bankruptcy

Medic-1 Clinics Inc. has reportedly filed for bankruptcy after recently closing its doors for business. The company has reportedly filed for Chapter 7 bankruptcy protection. It is reported that assets ...

Bankruptcy Filings Down in Nebraska

Bankruptcy filings are reportedly to be down by nearly 13% in the first half in 2011 for Nebraska. According to reports, when compared with the first six months of last year, filings have decreased. ...

Trooien to Exit Bankruptcy

Trooien is reportedly set to exit bankruptcy at this time. According to reports, a bankruptcy judge confirmed their reorganization plan which will allow for them to exit. The judge reportedly ...

Bionol Clearfield Filing for Bankruptcy

Bionol Clearfield LLC has reportedly filed for Chapter 7 bankruptcy protection. According to reports, the company filed for Chapter 7 which will allow the company to liquidate. The plant will ...

Borders Liquidation Plan Gets Approval

A bankruptcy judge has reportedly given approval to Borders liquidation plan. According to reports, a number of the stores will be continuing their operations so that an agreement with Books-A-Million ...

Evergreen Solar Close to Bankruptcy

Evergreen Solar is reportedly getting closer to filing for bankruptcy. According to reports, the company has now filed a Form 8-K with the SEC. As a result, the company has suspended payment of $4.1 ...

NextWave Headed Toward Bankruptcy

NextWave, a spectrum holding company, is reportedly possibly headed toward bankruptcy at this time. According to reports, the company is currently negotiating with its creditors to restructure its ...

Trustee Rejected in Beso Bankruptcy Situation

In the bankruptcy case of Eva Longoria and Beso LLC, the trustee has reportedly been rejected by a bankruptcy judge. According to reports, a part-owner in the company asked a judge to place a trustee ...

Assets and Liabilities Vary in Horse Racetrack Bankruptcy

The Prescott Daily Courier, from Arizona, has reported that the financial documents in a bankruptcy case, involving Yavapai Downs horse racetrack and its associated facilities, widely vary depending ...
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