Bankruptcy judge approves Dayton Superior disclosure statement; confirmation hearing setAugust 25th, 2009 Bankruptcy judge OKs Dayton Superior statementDAYTON, Ohio — Dayton Superior Corp., which makes products used in concrete construction, said a federal bankruptcy judge in Delaware has approved the company's disclosure statement. The company said late Monday the order signed by U.S.
GM asset sale breaks free of appeals, clearing way for quick exit from Chapter 11July 9th, 2009 GM sale cleared, path opens to exit Chapter 11DETROIT — The path is now clear for General Motors Corp. to leave bankruptcy protection in record time as a leaner company that is better equipped to compete in a brutal global auto market.
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.
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.
GM has viable plan to exit bankruptcy: ObamaJune 1st, 2009 WASHINGTON - US President Barack Obama Monday said he believed General Motors (GM) had developed a viable plan that will allow it to quickly exit bankruptcy. His comments came after GM, the country's largest carmaker, filed for bankruptcy Monday morning in a New York court.
54 percent of GM bondholders accept offer to swap $27 billion in debt for equityMay 31st, 2009 Majority of GM bondholders accept exchange offerDETROIT — More than 50 percent of General Motors Corp. bondholders said Sunday they would support a sweetened deal to swap the company's $27 billion debt for stock in a restructured, leaner GM.
Delphi says no agreement yet with Treasury and GM over fate of bankruptcy, remains in talksMay 29th, 2009 Delphi in talks with GM, Treasury over bankruptcyNEW YORK — Auto parts supplier Delphi Corp. says it hasn't reached an agreement yet with the Treasury Department and its former owner General Motors Corp.
GM stock falls below $1, lowest trade since 1933 as Chapter 11 filing appears likelyMay 29th, 2009 GM shares fall below $1 as deadline approachesNEW YORK — Shares of General Motors Corp. fell below $1 on Friday for the first time in 76 years as the struggling automaker approached a government-imposed restructuring deadline and a likely filing for Chapter 11 bankruptcy protection.
Frontier Airlines seeks to extend bankruptcy plan deadline; says on track to emerge this yearMay 9th, 2009 Frontier seeks to extend bankruptcy plan deadlineNEW YORK — Frontier Airlines is asking for more time to propose its bankruptcy reorganization plan. The Denver-based airline currently has until June 4 to propose a plan before creditors would be allowed to propose their own.
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.
GM posts $6B 1Q loss, spends $10.2B more cash than it took in as bankruptcy deadline loomsMay 8th, 2009 GM posts $6 billion loss for first quarterDETROIT — General Motors Corp. says it lost $6 billion in the first quarter and spent $10.2 billion more cash than it took in, as a sales slump cut revenue by $20 billion.
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.
Owner of ritzy Mont. club seeking bankruptcy protection has personal debts exceeding $150MApril 30th, 2009 Debts of ritzy Mont. club's owner exceed $150MBILLINGS, Mont.
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.
Obama says not clear Chrysler will make Thursday deadline to meet restructuring requirementsApril 29th, 2009 Obama says not clear Chrysler will meet deadlineARNOLD, Mo. — President Barack Obama says it isn't clear whether Chrysler LLC will be able to meet the government's Thursday restructuring deadline.
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