Court OKs bankruptcy reorganization plan for major Hawaiian souvenir retailer Hilo HattieSeptember 14th, 2009 Court OKs Hilo Hattie bankruptcy planHONOLULU — U.S. Bankruptcy Court Judge Robert Faris has approved a plan to reorganize Hilo Hattie.
Bankruptcy judge approves Frontier Airlines reorganization plan, will emerge around Oct. 1September 10th, 2009 Frontier Airlines wins approval of bankruptcy planDENVER — A bankruptcy judge has confirmed the plan of reorganization for Frontier Airlines, moving the Denver-based carrier a step closer to emerging from Chapter 11 protection. Frontier says it resolved the few objections to its reorganization plan before winning approval from the judge in New York on Thursday.
Baseline Oil & Gas files for Chapter 11 bankruptcy protection under prepackaged planAugust 31st, 2009 Baseline Oil & Gas files for bankruptcy protectionHOUSTON — Energy producer Baseline Oil & Gas Corp., citing turmoil in the economy and global credit markets, said Monday it has filed for Chapter 11 bankruptcy protection after securing agreements with some creditors. The filing was in U.S.
Philly newspapers file Ch. 11 reorganization plan, hope to emerge debt-freeAugust 20th, 2009 Philly newspapers file debt-free bankruptcy planPHILADELPHIA — Philadelphia's two large daily newspapers hope to emerge from bankruptcy protection debt-free by paying creditors $67 million in cash and real estate to settle nearly $400 million in debt. Philadelphia Newspapers filed its reorganization plan Thursday, six months after filing for Chapter 11 bankruptcy.
Bankruptcy judge lets Bashas' tap funds; employees and vendors to be paidJuly 16th, 2009 Judge says Bashas' can pay vendors, employeesMESA, Ariz. — A federal bankruptcy judge is allowing bankrupt Bashas' food stores to tap $27.3 million from various accounts to pay wages and benefits earned by employees last week.
GM close to bankruptcy exit, sale to governmentJuly 9th, 2009 NEW YORK - US carmaker General Motors could exit bankruptcy in record time and come under the control of the US government by the end of this week, as a Thursday deadline for challenges expired. A New York judge Sunday night approved GM's plan to sell its best assets into a new company that would be majority owned by the US Treasury.
GM's path to exit bankruptcy protection apparently clear as deadline passesJuly 9th, 2009 GM's path to leave Chapter 11 apparently clearedDETROIT — It looks like the path is now clear for General Motors to exit bankruptcy protection as a new government-controlled company. A judge's order approving a plan to sell most of GM's assets to a new company was to take effect at noon Thursday.
Obama says both GM and Chrysler will survive current financial convulsions, will prosperJune 1st, 2009 Obama: Taxpayer are reluctant shareholders in GMWASHINGTON — President Barack Obama is defending the government's intervention in the auto industry, saying the collapse of GM and Chrysler would have been devastating for the economy and American workers. Obama said his policies will help both General Motors Corp.
General Motors CEO Henderson says automaker will be leaner, quicker after bankruptcy courtJune 1st, 2009 GM CEO says reinvented company will be lean, quickNEW YORK — General Motors CEO Fritz Henderson says the new GM will be a leaner and quicker company that's more focused on its customers and its products. Henderson spoke Monday at a news conference in New York after the fallen icon of American industry filed for bankruptcy protection.
Labour union ratifies deal with General MotorsMay 30th, 2009 WASHINGTON - Members of the US carmaker General Motors top labour union ratified a new agreement Friday that could make it easier for the company to survive the court process related to bankruptcy. The United Auto Workers (UAW) union said 74 percent of its members voted in favour of an agreement, reached last week, which modifies its labour contract and retiree health-care plan.
White House says Obama thinks progress is being made toward GM restructuringMay 29th, 2009 White House: Obama sees progress for GMWASHINGTON — The White House says President Barack Obama thinks progress is being made toward restructuring General Motors Corp. and putting it on a path to being a viable auto company.
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.
Judge gives Delphi additional time to come up plan for exiting bankruptcy protectionMay 8th, 2009 Delphi gets more time to come up with planNEW YORK — A judge says Delphi can have more time to come up with a plan to exit from Chapter 11 bankruptcy protection. U.S. Judge Robert Drain gave Troy, Mich.-based Delphi Corp.
Bankruptcy court sets date for Charter Communications reorganization plan hearingMay 5th, 2009 Date set for Charter reorganization plan hearingST LOUIS — A date has been set for the confirmation hearing of Charter Communications Inc.'s reorganization plan as it seeks to emerge from bankruptcy, but lender objections remain. The St. Louis-based cable TV operator, which is controlled by Microsoft co-founder Paul Allen, said the U.S.
Obama hopeful for resolution that keeps Chrysler viableApril 30th, 2009 Obama hopeful for resolution in Chrysler caseWASHINGTON — President Barack Obama says he is "very hopeful" for a resolution that keeps Chrysler a viable auto company. Chrysler has borrowed $4 billion from the government since the beginning of the year and could soon be in danger of running out of cash without more help.
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