Judge OKs $15M in debtor loans for Philadelphia Newspapers; hearing on auction rules delayedSeptember 21st, 2009 Philadelphia Newspapers gets $15M in debtor loansPHILADELPHIA — A key hearing on rules to govern the bankruptcy auction for Philadelphia Newspapers is on hold while negotiations continue. Senior lenders hope to win The Philadelphia Inquirer, Philadelphia Daily News and Philly.com with a "credit bid." That means they could use some of the $400 million owed them to bid.
US, Canadian authorities set Nov. 13 filing deadline for AbitibiBowater creditor claimsSeptember 4th, 2009 AbitibiBowater creditors get filing deadlineNEW YORK — U.S. and Canadian authorities set a Nov.
Reader's Digest files for prearranged Ch. 11 bankruptcy protection as part of restructuringAugust 24th, 2009 Reader's Digest files prearranged Ch. 11 papersPLEASANTVILLE, N.Y.
Bankruptcy auction Thursday as Southwest Airlines seeks to buy Frontier AirlinesAugust 13th, 2009 Southwest seeks to buy Frontier, auction ThursdayDALLAS — Southwest Airlines is getting its chance to take over bankrupt Frontier Airlines. A bankruptcy court auction was scheduled Thursday.
GM and Chrysler may become bankruptcy lenders to auto parts supplier VisteonJuly 16th, 2009 GM, Chrysler among possible lenders to VisteonDOVER, Del. — Fresh from bankruptcy reorganization themselves, General Motors and Chrysler Group LLC now may become bankruptcy lenders to auto parts supplier Visteon Corp.
What happens when a country is bankrupt? UN trade chief calls for global answerJune 26th, 2009 UN seeks answer to bankruptcy of a countryUNITED NATIONS — The U.N. trade chief said Thursday there is a "missing link" in the international financial system that is becoming more critical as the global economic crisis drags on: What happens when a country is bankrupt and can't pay its debts?
Supachai Panitchpakdi told a U.N.
Judge gives final approval to GM's use of bankruptcy financingJune 25th, 2009 Judge gives final OK to bankruptcy financingNEW YORK — A bankruptcy judge says GM can have access to its full $33.3 billion in bankruptcy financing. Judge Robert Gerber gave final approval to the financing on Thursday.
Visteon attorney says company making good progress on bankruptcy financingJune 19th, 2009 Attorney says Visteon making progress on financingWILMINGTON, Del. — Auto-parts supplier Visteon Corp.
Bankruptcy judge gives interim approval for GM to access $33.3 billion in financingJune 2nd, 2009 Judge OKs use of GM bankruptcy financingNEW YORK — A bankruptcy judge says General Motors can have immediate access to $15 billion in government financing as it attempts to quickly restructure under court protection. U.S. Judge Robert Gerber gave interim approval to the Detroit-based automaker's use of a total of $33.3 billion in financing, with the $15 billion available for use over the next three weeks.
Bankruptcy judge authorizes Visteon to pay critical vendors, other obligationsMay 29th, 2009 Judge approves motions in Visteon bankruptcyWILMINGTON, Del. — A Delaware bankruptcy judge has approved several first-day motions in the Chapter 11 bankruptcy case of automobile parts supplier Visteon Corp.
Chrysler gets urgent court approval for loanMay 6th, 2009 WASHINGTON - Perched on the brink of collapse, Chrysler LLC. crept forward Tuesday with approval by a US bankruptcy judge to start drawing down from a government loan to pay outstanding bills.
Chrysler Financial to immediately stop dealer wholesale financingMay 2nd, 2009 Chrysler Financial to suspend dealer financingFARMINGTON, Mich. — Chrysler Financial says it's temporarily suspending financing for Chrysler dealers effective immediately.
Canadian, Ontario governments provide financing, get 2 pct stake in retooled Chrysler CanadaApril 30th, 2009 Canadian governments to lend to Chrysler CanadaTORONTO — The Canadian and Ontario governments will jointly hold a 2 percent equity stake in a restructured Chrysler Canada and will lend about 3 billion Canadian dollars (US$2.42 billion) to help the beleaguered company while it is in bankruptcy proceedings. Prime Minister Stephen Harper's office said Thursday that the loan will cover debtor-in-possession financing and exit financing needed when the automaker emerges from court protection.
Frontier Airlines reports $161M 4Q loss on bankruptcy items, but had an operating profitApril 28th, 2009 Frontier Airlines lost $161M in 4QMINNEAPOLIS — Bankruptcy expenses drove Frontier Airlines Holdings Inc. to a fourth-quarter loss of almost $161 million, but it reported an operating profit.
World's biggest newsprint co. files for bankruptcyApril 18th, 2009 TORONTO - AbitibiBowater Inc., the world biggest newsprint producer and one of Canada's oldest companies, has filed for bankruptcy. The newsprint giant, which has been refused a rescue package by the Canadian government, faces a debt burden of $6 billion.