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Bankruptcy

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  • Delta Bankruptcy Hearing Set for February Thursday, 28 Dec 2006 | 2:20 AM ET

    Lawyers for Delta Air Lines, the nation's third-largest carrier, said Wednesday they have scheduled a Feb. 7 hearing in bankruptcy court to consider approval of the disclosure statement to the carrier's reorganization plan.

  • "It expects Delta to consider methodically, proactively and fairly strategic alternatives to its proposed stand-alone Chapter 11 plan," said Jefferies & Co., the group's financial advisor.

  • Highland Capital Management proposed a refinancing plan worth up to $4.7 billion to Delphi Corp.'s board on Thursday, competing with a plan already accepted by the nation's largest auto parts maker earlier this week.

  • Delta Rejects US Airways' Bid, Woos Creditors Tuesday, 19 Dec 2006 | 1:38 PM ET

    Delta Air Lines  has rejected US Airways' $8.4 billion hostile bid in favor of a plan to re-emerge from bankruptcy as a standalone company. CNBC's Phil LeBeau says Delta focused today on convincing creditors their plan is best for them.

  • Delphi To Get $3.4 Billion From Private Equity Group Monday, 18 Dec 2006 | 4:37 PM ET

    Delphi laid out a road map for its reorganization on Monday that includes up to a $3.4 billion investment from a private equity group in the bankrupt auto parts maker, potential creditor recoveries and an executive succession plan.

  • Delta to File for $12 Billion Reorg: Paper Monday, 18 Dec 2006 | 12:19 PM ET

    Delta Air Lines, working to beat back an $8.4 billion merger bid from US Airways Group, is expected as soon as Tuesday to file a sweeping bankruptcy reorganization plan, the Wall Street Journal said on its Web site, citing people familiar with the matter.

  • Wilbur Ross, CEO, WL Ross & Co. Tuesday, 12 Dec 2006 | 5:31 PM ET

    The billionaire investor tells CNBC’s Maria Bartiromo why he thinks Asian tigers, private equity buyouts and bankruptcies will keep rising in 2007.

  • One Year Later: Are U.S. Bankruptcy Laws Working? Wednesday, 6 Dec 2006 | 12:36 PM ET

    It has been one year since the U.S. Senate enacted a massive overhaul of laws to regulate filing for bankruptcy. Filings are at a 10-year low since then – but there’s skepticism about whether these reforms are really helping. Robert Lawless – professor at the University of Illinois College of Law – will appear before a Senate judiciary committee today to give his take on just how effective these laws have been.