Philadelphia Newspapers owners appeal bankruptcy auction ruling that favors creditorsOctober 13th, 2009 Philly newspaper owners appeal credit-bid rulingPHILADELPHIA — The owners of The Philadelphia Inquirer and Philadelphia Daily News are appealing a bankruptcy court ruling that would likely give the company to creditors. A bankruptcy judge ruled last week that senior lenders can use the $300 million they're owed to bid on the company at a planned auction.
Newspaper companies that have emerged from bankruptcy protectionSeptember 30th, 2009 Newspaper companies out of bankruptcy protectionNewspaper companies that have emerged from bankruptcy protection:
— American Community Newspapers LLC — The operator of three daily newspapers, including the Stillwater Gazette near Minneapolis, filed for bankruptcy protection in April, saying it was running out of cash "without any prospect of obtaining additional funding." In June, judge authorized sale of the company to senior creditors, cleared of most debts. Company now operates as American Community Newspapers II LLC.
Visteon says it's close to emerging from bankruptcy, asks court for more timeSeptember 22nd, 2009 Visteon asks bankruptcy court for more timeWILMINGTON, Del. — Auto parts supplier Visteon Corp.
Judge approves Star Tribune reorganization, company to emerge from Chapter 11 by month's endSeptember 17th, 2009 Judge approves Star Tribune reorganizationNEW YORK — A federal judge in New York has cleared the Star Tribune of Minneapolis to emerge from bankruptcy protection by the end of the month. As anticipated, Judge Robert D.
Judge dismisses lawsuit against bankrupt Brooke Corp. that accused insurer of racketeeringAugust 13th, 2009 Judge dismisses suit against bankrupt Brooke Corp.KANSAS CITY, Kan. — A federal judge has dismissed a lawsuit accusing bankrupt Brooke Corp.
Delphi auction postponed until Tuesday, lenders still expected to make credit bidJuly 17th, 2009 Judge postpones Delphi auctionNEW YORK — A bankruptcy judge on Friday postponed the planned auction of struggling auto supplier Delphi Corp.'s assets until Tuesday. U.S. Judge Robert Drain ordered the auction's delay after a chambers conference on Thursday that was attended by Delphi, its creditors committee, General Motors Co.
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.
Judge clears Chapter 11 reorganization plan for newspaper publisher Journal RegisterJuly 7th, 2009 Reorg plan cleared for publisher Journal RegisterNEW YORK — A federal bankruptcy judge in New York has cleared the way for newspaper publisher Journal Register Co. to emerge from Chapter 11 protection.
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.
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.
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.
Judge turns down Chrysler retirees' motion to form committee in bankruptcy proceedingsMay 14th, 2009 Judge denies Chrysler retirees' motionNEW YORK — A judge says there isn't sufficient cause to form a committee of Chrysler's retired white collar workers to take part in the automaker's bankruptcy proceedings. U.S. Judge Arthur Gonzales on Thursday denied the National Chrysler Retirement Organization's motion without prejudice, meaning that attorneys for the group can return to make their request again if circumstances change.
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.
Group of dissident Chrysler lenders files motion to block sale of automaker's assets to FiatMay 5th, 2009 Lenders group objects to sale to FiatNEW YORK — A dissident group of Chrysler lenders is objecting to the sale of the bulk of the automaker's assets to Italian automaker Fiat, saying that the proposed sale process is designed to prevent competitive bidding. In an objection filed Tuesday, the lenders group says the proposed bidding procedures only give the appearance of legitimacy and don't maximize the sale price of the assets.
Delphi receives extension to file term sheet, amends financing agreementApril 23rd, 2009 Delphi gets more time to submit planNEW YORK — Delphi now has more time to come up with a plan to restructure itself without its lenders taking actions that could force the struggling auto supplier into liquidation. U.S. Bankruptcy Judge Robert Drain on Thursday approved a motion extending the deadline for Troy, Mich.-based Delphi Corp.
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