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chapter 11

Oct 22, 2012

Officials vow fight to save Hickey Freeman jobs

While company leadership was in bankruptcy court Monday morning, Hickey Freeman workers, joined by U.S. Sen. Charles E. Schumer, D-N.Y,, and U.S. Rep. Louise Slaughter, D-Fairport, for a rally in support of the high-end suit maker. The parent company, HMX Group, announced last week it was seeking Chapter 11 bankruptcy protection. Although he wouldn’t name […]

Sep 10, 2012

Kodak job cuts continue as it aims to exit Ch. 11

NEW YORK — Kodak is reshuffling some executives and continuing to cut jobs as the pioneering photography company tries to emerge from bankruptcy protection. Eastman Kodak Co. said it cut approximately 2,700 employees worldwide since the beginning of the year, and plans to eliminate roughly 1,000 more by 2012’s end. Annual savings from these cuts […]

Dec 13, 2011

Washington Mutual agrees to settlement

SEATTLE  — Bank holding company Washington Mutual Inc. has agreed to a settlement with some creditors involved in its Chapter 11 bankruptcy case and has filed a new reorganization plan. Washington Mutual said in a statement late Monday that the settlement will allow it to distribute more than $7 billion to its creditors. The settlement […]

Mar 28, 2011

Harry & David files for Ch. 11 protection

Fruit basket and gift seller Harry & David filed for Chapter 11 bankruptcy protection Monday, brought down by a weak economy and a proliferation of competitors. The 75-year-old Medford, Ore., company agreed with a majority of its senior creditors ...

Mar 10, 2011

Judge expected to rule on Blockbuster’s future

NEW YORK CITY — A judge Thursday is set to rule on whether movie-rental chain Blockbuster Inc., operating under Chapter 11 bankruptcy protection can sell itself to a group of investors or will be forced to liquidate.

Dec 13, 2010

Grocer A&P files for Chapter 11 reorganization

PORTLAND, Ore. — The Great Atlantic & Pacific Tea Co., once the nation's largest grocer, filed for Chapter 11 bankruptcy protection Sunday after years of struggling with enormous debt and rising competition from low-priced peers.

Aug 3, 2010

Bankruptcy court can hear legal malpractice suit

A bankruptcy court had jurisdiction to decide claims of legal malpractice relating to a debtor’s Chapter 11 case, the U.S. Court of Appeals for the Second Circuit has ruled in affirming judgment.

May 3, 2010

Six Flags emerges from Chapter 11

NEW YORK CITY — Six Flags Entertainment says it has emerged from Chapter 11 bankruptcy protection. The amusement park operator sought bankruptcy protection in June, burdened by high debt

Mar 29, 2010

Chapter 11: In Re WestPoint Stevens Inc.

U.S. Court of Appeals, Second Circuit Chapter 11 Stay Stipulations In Re WestPoint Stevens Inc. 07-4772-bk Appealed from the Southern District of New York Background: WestPoint Stevens Inc., the debtor, is a domestic company engaged in the manufacture and distribution of textiles. Beginning in 2000, due to “an overleveraged debt structure and an increase in […]

Mar 24, 2010

Chapter 11: In Re Successor Borrower Services LLC

U.S. Bankruptcy Court, Western District of New York Chapter 11 Collateral — Legal Fees In Re Successor Borrower Services LLC 09-13505 Judge Bucki Background: In a Chapter 11 case, the trustee objected to the terms of a retainer agreement between the debtor and its counsel. The central issue involves the propriety of a security interest […]

Mar 23, 2010

Chapter 11: In Re Johns-Manville Corp.

U.S. Court of Appeals, Second Circuit Chapter 11 Due Process — Notice of Order In Re Johns-Manville Corp. 06-2103-bk Appealed from the Southern District of New York Background: For almost 30 years, the Johns-Manville Corp. and its insurers have been navigating the monumental liability arising out of its production of asbestos. The appeals are yet […]

Mar 12, 2010

WaMu reaches settlement with JPMorgan, FDIC

WILMINGTON, Del. — Washington Mutual Inc. says it has resolved disputes with JPMorgan Chase & Co. and the Federal Deposit Insurance Corp. over some $4 billion at issue in the bank ...

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