Freedom creditors meeting postponed, document production subject of hearingOctober 5th, 2009 Freedom creditors meeting postponedWILMINGTON, Del. — An initial creditors meeting in the bankruptcy of Freedom Communications Holdings Inc.
Philadelphia newspapers try to rally public support in bid to fight off creditor takeoverSeptember 3rd, 2009 Philly papers seek local support against creditorsPHILADELPHIA — The owners of Philadelphia's two daily newspapers are trying to rally support for local ownership as they fight creditors for control of the company. But creditors object to the "Keep It Local!" publicity blitz and want a bankruptcy judge to shut it down.
Former Rep. Jefferson, convicted in freezer cash corruption case, files for bankruptcyAugust 31st, 2009 Ex-lawmaker in freezer cash case files bankruptcyNEW ORLEANS — A former Louisiana congressman convicted of corruption after federal agents found cash in his freezer has filed for Chapter 7 bankruptcy liquidation. The bankruptcy petition filed last week by former Rep.
Creditors to vote on Hawaiian Telcom reorganization planAugust 28th, 2009 Creditors to vote on Hawaiian Telcom planHONOLULU — A U.S. Bankruptcy Court judge has approved the disclosure statement for Hawaiian Telcom's reorganization plan.
Iceland's former 2nd richest man files for bankruptcy; largest in country's historyJuly 31st, 2009 Man who was Iceland's 2nd richest is bankruptREYKJAVIK, Iceland — The second richest man in Icelandic history has filed for bankruptcy, his spokesman said Friday. Bjorgolfur Gudmundsson, the brewer-turned-billionaire and former owner of the West Ham soccer club, applied for bankruptcy protection at Reykjavik district court, 96 billion Icelandic kronur ($759 million) in debt, Asgeir Fridgeirsson said.
Fire destroys replica of 17th-century Dutch flagship, a major tourist attractionJuly 30th, 2009 Fire guts replica of 17th-century tall shipAMSTERDAM — Fire consumed a replica of the 17th-century flagship of the Dutch East India Company in the northern Netherlands on Thursday. The three-mast tall ship, which was built in the 1980s, was moored at Holland Village in Nagasaki, Japan, for many years before it returned to the northern Dutch port of Den Helder in 2003 and became a tourist attraction.
Administrators for Lehman's European unit plan to return frozen assets as soon as next yearJuly 15th, 2009 Lehman administrators reveal asset return planLONDON — Administrators for the main European unit of bankrupt U.S. investment bank Lehman Brothers Holding Inc.
Setanta files for bankruptcy protection, to cease broadcasting shortlyJune 23rd, 2009 Setanta files for bankruptcy protectionLONDON — Sports broadcaster Setanta has filed for bankruptcy protection and says it will shortly cease broadcasting to its customers in the U.K. Setanta says it has also suspended the collection of subscription payments after Tuesday's appointment of accounting firm Deloitte to run the collapsed company.
Dutch defense ministry says a hijacked cargo ship has been freed; 1 crew member deadJune 23rd, 2009 Pirates free cargo ship near Somalia, crewman deadTHE HAGUE, Netherlands — The Dutch Defense Ministry says Somali pirates have released a hijacked cargo ship aboard which one crew member was fatally shot. The ministry says Dutch marines are escorting the MV Marathon to a safe port.
Fraser Papers seeks protection from creditors; Maine, NH mills will maintain operationsJune 18th, 2009 Fraser Papers seeks protection from creditorsPORTLAND, Maine — Fraser Papers Inc. is filing for protection from creditors in courts in Canada and the U.S., and says its mills in Maine and New Hampshire will continue to operate without disruption.
Saab's creditors accept write-down of $1 bln debt after news about new ownerJune 17th, 2009 Saab's creditors accept $1 bln debt settlementSTOCKHOLM — GM unit Saab's creditors on Wednesday approved the write-down of 8.1 billion kronor ($1 billion) of the Swedish car maker's debt as part of the company's reconstruction. Saab Automobile AB spokeswoman Gunilla Gustavs said 81.5 percent of creditors approved the settlement at a hearing in the Vanersborg district court in southwest Sweden.
German retailer Arcandor files for protection from creditors in effort to restructureJune 9th, 2009 Arcandor files for bankruptcyBERLIN — German retailer Arcandor AG filed for bankruptcy protection Tuesday in an effort to salvage its department stores and its mail-order arm, a day after the government rejected its bid for state-backed emergency credit. Arcandor said in a statement it filed with the district court in Essen, where it is based.
Chrysler, UAW, other supporters say sale to Fiat is fair despite claims from Indiana fundsJune 4th, 2009 Chrysler, supporters argue sale to Fiat is fairNEW YORK — The sale of Chrysler LLC to Italian automaker Fiat Group SpA is fair, has the backing of a majority of Chrysler's creditors and should proceed quickly, Chrysler and other supporters of the sale said in court briefs filed Thursday. The groups include Chrysler, its finance arm, its unsecured creditors, the United Auto Workers and Fiat.
Creditors pave way for Chrysler to exit bankruptcyMay 9th, 2009 WASHINGTON - Chrysler took a giant step towards emerging from bankruptcy and joining Italy's Fiat Spa after a group of the US carmaker's creditors Friday gave up their hopes for a better deal. Chrysler last week filed for bankruptcy protection after failing to strike an agreement with about one quarter of its smaller debt holders.
Nortel seeks court nod for bonuses to top honchosMarch 20th, 2009 TORONTO - Even as the US House Thursday passed a bill to heavily tax bonuses for executives of companies bailed out with government money, global telecom giant Nortel is seeking court approval for its bonus plans. The company, which was granted bankruptcy protection in Canada and the US in January, will move court here Friday for permission for its $23-million bonus plan for top executives.
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