Blog Posts in January, 2011

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California Coastal Communities to Exit Bankruptcy Protection

The residential land development and home building company California Coastal Communities has reportedly filed to exit Chapter 11 bankruptcy. The company has a plan that is supported by senior ...

Chicken and Egg Farm Operator Files Chapter 11

Townsends Inc., which operates chicken and egg farms in various states, has reportedly filed for Chapter 11 bankruptcy. According to reports, the company listed assets at $131 million and debts at ...

MGM Emerges from Bankruptcy

Metro-Goldwyn-Mayer has reportedly emerged from Chapter 11 bankruptcy. Two men will reportedly take over as co-chairmen and chief executives. Now, as the company is reorganized, it has about 320 ...

Jeweler Emerges from Chapter 11

Shane Co. jeweler has reportedly emerged from their Chapter 11 bankruptcy. According to reports, the company filed for Chapter 11 in January 2009 as they had suffered from the economy and a pricey fix ...

Home Renovator Files for Bankruptcy

Tally's Construction Co. Inc. has reportedly filed for bankruptcy. The company has recently been criticized for not finishing home renovations. According to reports, the company listed liabilities at ...

Leon Sugar’s Files for Bankruptcy

Leon Sugar's men's store in the Fayetteville, North Carolina area has reportedly filed for Chapter 11 bankruptcy protection. The company reportedly plans on restructuring its debt. As of now, debt is ...

FairPoint Telephone Company Completes Bankruptcy

FairPoint Communications Inc., a Charlotte, North Carolina based telecommunications company, completed 15 months of bankruptcy reorganization on January 24, as reported by the Associated Press for ABC ...

Project Homestead Bankruptcy Filing Approved

The bankruptcy filing of Project Homestead has been approved. According to reports, this will end the almost seven-year legal battle. The company has reportedly proposed a distribution of the agency's ...

Robert Pastrick Files for Bankruptcy

Former East Chicago Mayor Robert Pastrick has reportedly filed for bankruptcy. This filing will reportedly affect the state's attempts to collect more than $100 million civil judgment against him for ...

Windowizards Won’t File for Bankruptcy

Windowizards will reportedly not be filing for bankruptcy despite the fact that it abruptly closed its doors recently. The window-replacement sales and installation business will reportedly continue ...

Bankruptcy Reorganization Approved for Herbst

The Herbst family has had their bankruptcy reorganization plan approved. The family that operates gambling operations in Las Vegas will reportedly hand over 15 casinos to a new company. The bankruptcy ...

Mad Donna’s Filing for Bankruptcy

The Tennessee restaurant Mad Donna's is reportedly filing for Chapter 11 bankruptcy protection. The owners reportedly hope to keep the restaurant and lounge open at this time, operating while the ...

Advanta Wins Bankruptcy Plan Extension

Advanta Corp. has been successful in winning a bankruptcy plan extension. The company has reportedly been able to resolve significant conflicts with the creditors' committee. With the extension, ...

Rhode Island Town Facing Bankruptcy

Central Falls, Rhode Island is reportedly facing possible bankruptcy due to more than $25 million in budget deficits. The city has to make reforms in order to avoid bankruptcy, but may have to file ...

Gottschalks Bankruptcy Adds Up

A Delaware Bankruptcy court is still working with Gottschalks' creditors as they are waiting to see if they will be able to receive any of the money owed to them since Gottschalks entered bankruptcy ...

Junk Cars R Us Files for Bankruptcy

Junk Cars R Us in the Bronx has reportedly filed for bankruptcy as they are facing six lawsuits just from this year. The company reportedly filed for Chapter 7 bankruptcy and listed assets at around ...

Contractor Files for Bankruptcy

An Idaho-based contractor that reportedly has unfinished work in North Dakota has filed for bankruptcy. The company was paid about $70,000 to fix a roof, but hasn't done the job. The contractor, Two ...

MMFX Steel Files for Bankruptcy Protection

MMFX Technologies Corp. has reportedly filed for bankruptcy protection due to excess debt accumulated while it purchased a Canadian steel mill. The company will reportedly continue to operate as ...

Loehmann’s Plans to Exit Bankruptcy

The designer sale merchandise store Loehmann's reportedly has plans to exit bankruptcy soon. The store filed Chapter 11 bankruptcy in November and plans to exit in February 2011. It is unknown if any ...

School District Facing Bankruptcy

Mount Diablo School District in the Concord, California area is reportedly facing bankruptcy. The school district has already gone through recent cuts of jobs and after school problems in order to ...

Penzance Cascades North Filing for Bankruptcy

Penzance Cascades North LLC has reportedly filed for bankruptcy protection in the Virginia area. The company has reportedly listed debt at $100 million to $500 million while assets are at $10 million ...

A&P May Consider Filing for Bankruptcy

Great Atlantic & Pacific Tea Co. is reportedly considering filing for bankruptcy protection. The grocery store chain may file for Chapter 11 in order to restructure debt. The matter, at this time, ...

Baymont Inn & Suites Owners File for Bankruptcy

The owners of the Baymont Inn & Suites in Port Columbus have reportedly filed for bankruptcy. The inn does remain open at this time as it is trying to protect itself from the struggles of its ...

Eva Longoria’s Beso Club in Bankruptcy

The Las Vegas Sun has reported that the Las Vegas restaurant and nightclub owned by Eva Longoria and her co-investors, Beso, has filed for bankruptcy protection in an effort to restructure debts of ...

Molecular Insight Pharmaceuticals Inc Files for Bankruptcy

Molecular Insight Pharmaceuticals Inc has reportedly had to file for Chapter 11 bankruptcy after bondholders rejected a $45 million rescue package. The package reportedly came from Savitr Capital LLC. ...
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