Blog Posts in October, 2010

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Hotel Owner Files for Bankruptcy

The owner of the Sheraton St. Louis City Center Hotel & Suites has filed for Chapter 11 bankruptcy. The hotel was going to face a foreclosure auction, but the bankruptcy filing will put that off ...

Home Builder to Exit Bankruptcy

Gemcraft Homes, which is a home builder, has had their reorganization plan approved by a judge so that they will be able to exit bankruptcy. The decision comes less than a year after they filed for ...

Hudson & Keyse Files for Bankruptcy

Hudson & Keyse LLC has filed for bankruptcy as it lists more than 200 creditors and owes $63 million while it only has $288,000 in assets. The company terminated the rest of its employees in the ...

Blockbuster Files for Chapter 11

Blockbuster has filed for Chapter 11 bankruptcy and will be closing hundreds of stores soon while the company works on restructuring. The company will be trying to eliminate $900 million in debt. As ...

Sea Island Moves Forward with Bankruptcy Case

In Brunswick, Georgia, Sea Island Company has moved forward with its bankruptcy case as a judge cleared the way for creditors to vote on the company's plan to emerge. The company reportedly wants to ...

Rialto Theater May File Bankruptcy

In the Tucson, Arizona area, the Rialto Theater may be filing Chapter 11 bankruptcy. The theater is currently at odds over the rent and restoration fees that are being required. The Rialto reportedly ...

Hawaiian Telcom Will Emerge from Bankruptcy

Hawaiian Telcom, which is the largest telephone company in Hawaii, will be emerging from bankruptcy in a matter of days. The company has announced that its reorganization plan has been approved by the ...

Downtown Café Files for Bankruptcy

In Fredericksburg, Virginia, a downtown café has filed for bankruptcy in order to find a way to stay open. Las Palmas Café filed for Chapter 11 bankruptcy. The restaurant will be open for dinner and ...

Construction Equipment Provider Files for Chapter 11

Coast Crane Co. in Seattle has filed for Chapter 11 bankruptcy protection as the construction industry has been struggling. The company provides cranes, forklifts and more to the industry. As the ...

Hotel Developer Files for Bankruptcy

The hotel developer who was planning on building a Starwood Aloft Hotel at Queens Plaza in Long Island City has filed for bankruptcy protection. The hotel developer planned to build a 16-story ...

Thompson Publishing Group Files for Bankruptcy

Thompson Publishing Group, which is backed by Avista Capital Partners, has filed for Chapter 11 bankruptcy protection. The company has listed assets at $10 million to $50 million while liabilities are ...

Riviera Marine Files for Bankruptcy Protection

Riviera Marine Pty Ltd. has filed for bankruptcy protection in the United States. In the filing, the company has listed assets and debts at as much as $50 million each. The Chapter 15 filing was done ...

Part of Texas Drops in Bankruptcy Filings

In South-Central Texas, bankruptcy filings have fallen about 10 percent in August from one year ago. However, from July of this year to August, bankruptcy filings have not changed much. While Chapter ...

Entrepreneur Files for Bankruptcy Protection

Csaba Bokros, of Sarasota, Florida, originally bought land and built a school there, but after many years of struggles with his personal and professional life, he changed his plan. Bokros then tore ...

An Ultimate Bankruptcy Without Escape

The New York Times Deal Book section has reported that while Ultimate Escapes, a provider of luxury travel services, undergoes bankruptcy, it's members will not lose their status as the company's ...

Orange County Bankruptcies Increase

In Orange County, California, bankruptcy filings have increased 19.3 percent since August 2009. However, since July of this year, bankruptcy filings have fallen 3.5 percent. Most of the bankruptcy ...

Island One Files for Bankruptcy

Island One Inc. five affiliates of the company have filed for bankruptcy protection in Florida. The resort company has cited falling sales and declining property values as part of the reason. The ...

Claim Jumper Restaurants Filing for Bankruptcy

Claim Jumper Restaurants has filed for bankruptcy in an arrangement that will have a Los Angeles private equity firm buy all of its assets. The restaurant chain filed for pre-packaged Chapter 11 ...

Resort Club Files for Bankruptcy

Ultimate Escapes, which is a resort club that includes villas and yachts, has filed for bankruptcy. The company has reportedly defaulted on a sizeable loan. The company has reportedly listed assets at ...

Homebuilder Files for Chapter 11

A Millersville, Maryland homebuilder is filing for Chapter 11 bankruptcy protection on behalf of its seven affiliated businesses. The company has creditors in many states including Maryland, Illinois, ...

Clothing Company Files for Chapter 11

Urban Brands Inc, a women's clothing company, has filed for Chapter 11 bankruptcy protection after three years of losses. The company is the parent company of the Ashley Stewart chain. Urban Brands ...

Former Asbestos Maker Denied Bankruptcy Exit

A judge has rejected Quigley's fourth reorganization plan and also recommended that all parties involved should discuss dismissing the case altogether. The judge believed that the plan was filed in ...

Medical Center Files for Chapter 11

Kentuckiana Medical Center, which is a private hospital, has filed for Chapter 11 bankruptcy protection. The filing is a move meant to stave off its lender First Tennessee Bank. Assets and debts are ...

“Hour of Power” Dims for Crystal Cathedral

The Crystal Cathedral, a mega church known for its televangelist show "Hour of Power", has filed bankruptcy, as reported by Yahoo News from Garden Grove California. The church's debt includes a $36 ...

Mall Forced Out of Chapter 11

Highland Mall in the Austin, Texas area has had its Chapter 11 bankruptcy case dismissed by a federal judge. The judge sided with Dillard's in the claim that the Chapter 11 filing was a way of ...
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