Belgian retailer Delhaize to pay $425 mln for assets of bankrupt southern grocery chain BI-LOOctober 5th, 2009 Belgium's Delhaize to acquire BI-LO assetsBelgian international food retailer Delhaize Group is in talks to buy shops and inventory worth $425 million from South Carolina-based BI-LO, a grocery chain that entered bankruptcy proceedings earlier this year. In a statement Monday, Delhaize Group said it was in non-binding talks to acquire "a substantial majority" of BI-LO's assets.
Judge puts final stamp of approval on Boscov's emergence from bankruptcySeptember 17th, 2009 Judge confirms BoscovWILMINGTON, Del. — A Delaware judge has approved regional department store chain Boscov's emergence from Chapter 11 bankruptcy protection.
Eclipse Aerospace says no other bidders appeared for closed EclipseAugust 14th, 2009 Company wants to take over Eclipse Aviation assetsALBUQUERQUE, N.M. — A company that wants to buy the assets of now-closed Eclipse Aviation hopes to close on the sale by the end of the month.
Judge tentatively approves deal to shift some Delphi assets to the new General MotorsJuly 13th, 2009 Judge OKs shift of some Delphi assets to new GMNEW YORK — A bankruptcy judge has approved a deal to shift some of auto parts supplier Delphi's assets to the General Motors Co. that emerged from Chapter 11 bankruptcy protection last week.
AP Source: GM has emerged from bankruptcy after signing paperwork to transfer assetsJuly 10th, 2009 AP Source: GM emerges from bankruptcyDETROIT — A person briefed on the matter says General Motors Corp. has emerged from bankruptcy protection after signing papers to transfer the bulk of its assets to a new, leaner company majority-owned by the U.S.
Tropicana Las Vegas emerges from bankruptcy with new ownersJuly 3rd, 2009 Tropicana Las Vegas emerges from bankruptcyLAS VEGAS — Tropicana Las Vegas has emerged from Chapter 11 bankruptcy with new owners. Toronto-based Onex Corporation and former MGM Mirage President Alex Yemenidjian acquired a majority stake in the Las Vegas hotel-casino this week, as it completed its yearlong bankruptcy process.
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.
Star Tribune Co. files reorganization plan with goal of emerging from bankruptcy in fallJune 19th, 2009 Star Tribune Co. files bankruptcy reorganizationMINNEAPOLIS — The Star Tribune Co.
Bankruptcy judge OK's GM motion to terminate aircraft leasesJune 18th, 2009 Judge approves termination of GM aircraft leasesNEW YORK — A bankruptcy judge ruled Thursday that General Motors Corp. can terminate its aircraft leases as part of its ongoing restructuring.
Judge consolidates Madoff's business, personal assets to streamline bankruptcy processJune 9th, 2009 Judge consolidates Madoff bankruptcy casesNEW YORK — A federal judge has consolidated two bankruptcy cases involving Bernard Madoff's business and personal assets. The decision Tuesday by U.S.
Frozen assets: Bankrupt Mass. medical device maker lists human cadavers among its propertyJune 3rd, 2009 Mass. company lists cadavers among its assetsMANSFIELD, Mass. — A bankrupt Massachusetts medical device maker left behind some gruesome assets when it shut down earlier this year.
Obama: Chrysler-Fiat deal gives US company 'new lease on life'June 1st, 2009 Obama applauds Chrysler-Fiat dealWASHINGTON — President Barack Obama says a court's decision to approve the sale of Chrysler's assets has given the automaker "a new lease on life."
A judge approved the sale of most of Chrysler's assets to Italy's Fiat on Sunday. In a statement, the president said the deal will allow Chrysler to "successfully emerge from bankruptcy as a new, stronger, more competitive company for the future."
Chrysler filed for bankruptcy in April.
Bankruptcy judge asked to approve proposed sale of Magna Entertainment assetsMay 4th, 2009 Judge weighs Magna Entertainment asset saleWILMINGTON, Del. — Horse track owner Magna Entertainment Corp.
Bankruptcy judge approves proposed sale of Magna Entertainment assetsMay 4th, 2009 Judge approves Magna Entertainment asset saleWILMINGTON, Del. — A Delaware bankruptcy judge has approved proposed sale procedures for certain assets of horse track owner Magna Entertainment Corp.
New Jersey regulators authorize bankruptcy sale for Atlantic City's TropicanaApril 29th, 2009 Bankruptcy sale authorized for NJ casino TropicanaATLANTIC CITY, N.J. — The Tropicana Casino and Resort in Atlantic City, N.J., is about to enter bankruptcy court, where it will be auctioned off to the highest bidder.
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