Bankruptcy
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ATLANTIC CITY, N.J.-- Just over a year after it opened, Atlantic City's newest casino has gone into bankruptcy and gotten out of it, ready to start again.
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ATLANTIC CITY, N.J.-- Just over a year after it opened, Atlantic City's newest casino has gone into bankruptcy and gotten out of it, ready to start again.
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There's a lot on the agenda as Detroit's emergency financial manager tries to meet a deadline to decide whether the city and escape a bankruptcy filing.
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DETROIT, May 19- Bond restructurings, negotiated settlements with bondholders and bond insurers, and tough talk with unionized workers are on the agenda as Detroit's emergency financial manager tries to meet a self-imposed, six-week deadline to decide whether the city can get through its financial crisis without a bankruptcy filing.
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MONTERREY, Mexico, May 16- Struggling with slowing home sales and a lack of liquidity, Mexico's top three homebuilders may have to seek bankruptcy protection if they fail to reach an agreement with creditors in the short term.
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DETROIT, May 12- Six weeks into his work as Detroit's emergency manager, former bankruptcy lawyer Kevyn Orr has found the city's finances in worse shape than expected, with long-term debt at $15 billion, $2 billion worse than figures disclosed before he took the job.
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BIRMINGHAM, Ala., May 9- Alabama's Jefferson County expects to file a plan by late June to exit its landmark $4.2 billion municipal bankruptcy, a lawyer for the county said on Thursday.
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According to filings late Wednesday in Manhattan bankruptcy court, MSR Hotels& Resorts Inc. sought Chapter 11 protection from creditors to sell its remaining assets and wind down.
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NEW YORK-- A bankruptcy judge has given American Airlines permission to seek up to $3.25 billion in financing to emerge from Chapter 11 protection. American parent AMR Corp., which is trying to merge with US Airways, would secure the borrowing with takeoff and landing rights and routes between the U.S. and Latin America.
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BIRMINGHAM, Ala. May 9- Alabama's Jefferson County expects to file a "largely consensual" plan by late June to exit its record $4.2 billion municipal bankruptcy, a lawyer for the county said on Thursday.
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BIRMINGHAM, Ala., May 9- Alabama's Jefferson County is close to an agreement with some creditors and expects to file a plan by late June to exit its $4.2 billion municipal bankruptcy, a lawyer for the county said on Thursday. Jefferson County appears likely to become the first big U.S. local government to impose losses on bondholders since 1930 s.
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*On May 6 the bankruptcy court entered a confirmation order confirming the. company's reorganization plan- SEC filing. *Source text for Eikon:* Further company coverage.
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The SEC has charged the city of Harrisburg, PA for making fraudulent public statements, with CNBC's Scott Cohn.
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May 6- Ledgemont Capital Group LLC, a boutique investment bank, filed for Chapter 7 bankruptcy to liquidate its assets, which it estimated at between $10 million and $50 million, according to court documents.
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ST. LOUIS, May 3- A lawyer for the United Mine Workers of America on Friday told a bankruptcy judge it would be forced to strike if Patriot Coal Corp succeeds in voiding its contract with the union, as five days of contentious court hearings came to an end.
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If a Florida state court recognizes the joint bankruptcy filing of two men married in Vermont, their lawyer said, it could put the Defense of Marriage Act in question.
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MELBOURNE, May 2- Liquidators of one of Australian coal magnate Nathan Tinkler's companies have launched a lawsuit against the struggling tycoon and fellow directors for insolvent trading, one of his creditors, Blackwood Corp Ltd, said on Thursday.
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MELBOURNE, May 2- Liquidators of one of Australian coal magnate Nathan Tinkler's private companies have launched a legal action against the struggling tycoon and fellow directors for insolvent trading, one of his creditors, Blackwood Corp Ltd, said on Thursday.
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The filing with U.S. Bankruptcy Court in Delaware will allow the Los Angeles company to exit the auto sector and refocus on energy storage, a far less capital-intensive business.
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The filing with U.S. Bankruptcy Court in Delaware will allow the Los Angeles company to exit the auto sector and refocus on energy storage, a far less capital-intensive business.
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The filing with U.S. Bankruptcy Court in Delaware will allow the Los Angeles company to exit the auto sector and refocus on energy storage, a far less capital-intensive business.