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BANKRUPTCY REORGANIZATION
Trump weighs Spirit Airlines takeover, eyes resale after oil price drop report saysPresident Donald Trump is exploring a government takeover of Spirit Airlines. The plan involves buying the struggling airline with taxpayer...- Donut Chain Files Chapter 11 Bankruptcy: Jack’s Donuts of Indiana faces $14.2 million in liabilities. Here's financial assets, has franchise locations claimed independence, what chapter 11 means?Donut chain files Chapter 11 bankruptcy as Jack’s Donuts of Indiana Commissary seeks court protection. The company owes over $14 million to...
- China Evergrande's EV arm units to enter bankruptcy, reorganization proceedingsChina Evergrande New Energy Vehicle announced on Monday that a local court had directed two of its units to undergo bankruptcy and reorgani...
- Crypto lender Celsius Network cleared to exit bankruptcyUS Bankruptcy Judge Martin Glenn in Manhattan signed off on the restructuring in an order published on Thursday. The reorganized business w...
- Crypto lender Celsius Network cleared to exit bankruptcyNew Jersey-based Celsius filed for Chapter 11 protection in July 2022, one month after freezing customer accounts to prevent withdrawals. C...
- Hertz orders 100,000 Tesla electric autosThe car rental giant, which emerged from a bankruptcy reorganization earlier this year, said the electric vehicles (EV) would be available ...
- A flood of business bankruptcies likely in coming monthsCompanies forced to close or curtail business due to government attempts to stop the virus's spread have mounting debts and uncertain prosp...
- Lehman to sell 50 pct in reorganized Innkeepers for $108 mnLehman Brothers Holdings Inc said it agreed to sell 50 per cent of the equity it would receive under Innkeepers USA Trust's reorganization ...
- CIT Group says CEO Peek plans to resignCIT Group Inc., struggling as it continues efforts to restructure its debt, said Tuesday chairman and CEO Jeffrey M. Peek will resign at th...
- Former AT&T CEO to become new GM chairmanGeneral Motors Corp said on Tuesday the former chairman and chief executive of AT&T Inc will become chairman of the reorganized automaker l...
- GM says US to own 72 per cent under bankruptcy planThe US government would own 72.5 percent of General Motors under a proposed bankruptcy reorganization outlined by the ailing automaker, a r...
- Washington Mutual sues JPMorgan ChaseLawyers for Washington Mutual Inc have filed a bankruptcy court complaint against JPMorgan Chase & Co. over some $4 billion in disputed ass...
- Frontier Airlines lost $161 mn in 4QBankruptcy expenses drove Frontier Airlines Holdings Inc to a fourth-quarter loss of almost $161 million, but it reported an operating prof...
- Big US mall operator files for bankrutpcyGeneral Growth Properties filed on Thursday for bankruptcy protection, saying "broken credit markets" made it impossible to otherwise restr...
- GM CEO softens company's opposition to bankruptcyGeneral Motors Corp. is softening its opposition to bankruptcy reorganization a little more.
- GM to ask for more govt aid or file for bankruptcy: ReportGeneral Motors plans to ask the Barack Obama administration for billions of dollars more in financial aid, saying that the only alternative...
- Hurdles still await GM, ChryslerGeneral Motors Corp and Chrysler LLC have averted a much-feared collapse, for now.
- Paulson: 'Orderly' auto bankruptcy might be bestThe Bush administration is convinced the ailing U.S. economy could not withstand the demise of Detroit's Big Three and is looking at ``orde...
- Want a federal bailout? Why not bankruptcy, too?What's so bad about bankruptcy as an alternative to big bailouts for automakers or other critical U.S. companies? Frozen credit and the har...
- What is Chapter 11 bankruptcy?The US bankruptcy code 11 is usually the path taken by organizations, when faced with crippling debt. Code 11 gives the organization ample ...
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