Reader’s Digest says 80 percent of senior lenders have agreed to planned Chapter 11 filing

September 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.

September 22nd, 2009 Visteon asks bankruptcy court for more timeWILMINGTON, Del. — Auto parts supplier Visteon Corp.

August 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.

August 24th, 2009 Reader's Digest files prearranged Ch. 11 papersPLEASANTVILLE, N.Y.

August 17th, 2009 Chapter 11 plan cedes Reader's Digest to lendersNEW YORK — The publisher of Reader's Digest, the country's most popular general interest magazine, said Monday it will file for Chapter 11 protection with a plan to swap a portion of its debt for ownership of the company. Reader's Digest Association Inc., which also markets books and publishes dozens of other magazines and Web sites, said it has reached an agreement in principle with a majority of lenders to erase a portion of $1.6 billion in senior secured notes.

August 17th, 2009 Reader's Digest files for Chapter 11 protectionNEW YORK — The publisher of Reader's Digest, the country's most popular general interest magazine, said Monday it will seek Chapter 11 protection from creditors amid declining circulation, an industrywide advertising slump and large debts. Reader's Digest Association Inc.

August 17th, 2009 Reader's Digest to file for Chapter 11 protectionNEW YORK — The publisher of Reader's Digest, the country's most popular general interest magazine, said Monday it will file for Chapter 11 protection with a plan to swap a portion of its debt for ownership of the company. Reader's Digest Association Inc., owned by the New York private equity firm Ripplewood Holdings since 2007, said Monday it has reached an agreement in principle with a majority of secured lenders to erase a portion of the $1.6 billion they hold in senior secured notes.

July 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.

July 1st, 2009 Lear prepping for bankruptcy, has creditor supportNEW YORK — Automotive parts supplier Lear Corp. said Wednesday it is preparing to file for Chapter 11 bankruptcy protection and has lined up financing to fund its operations while under court protection.

June 26th, 2009 Lear shares plunge on Chapter 11 worriesNEW YORK — Shares of Lear Corp. tumbled for a third straight day Friday on worries that a Chapter 11 bankruptcy filing at the auto supplier was imminent.

June 25th, 2009 Delphi defends asset sale to private-equity firmNEW YORK — Auto parts maker Delphi Corp. defended the sale of a portion of its assets to a private equity firm on Thursday, saying it has been open to other buyers since it first entered bankruptcy protection four years ago.

June 19th, 2009 Reader's Digest reduces publication frequencyNEW YORK — Reader's Digest Association Inc. is embracing multimedia content and in the process reducing the number of times it will publish its flagship magazine.

June 10th, 2009 Fontainebleau Las Vegas files for Chapter 11MIAMI — Casino-resort developer Fontainebleau Las Vegas LLC said Tuesday it has filed for Chapter 11 bankruptcy protection after failing to get certain lenders to provide about $800 million in construction funding to complete the company's $2.9 billion property on the Las Vegas Strip. Fontainebleau Las Vegas had filed a $3 billion lawsuit in April against Bank of America, JPMorgan Chase Bank, Deutsche Bank Trust Company Americas and eight other lenders in an effort to access the prearranged financing to pay its 3,000 construction workers and finish the project, which is 70 percent complete and had eyed an October opening.

June 1st, 2009 MUMBAI - CEAT is the winner of the Reader's Digest Trusted Brands Gold AwardT 2009 for Tyres category in India. The Reader's Digest Trusted Brand Survey was launched in 1999 and has been carried out annually for the past ten years.

April 22nd, 2009 Troubled Humboldt Creamery files Chapter 11FORTUNA, Calif. — The troubled Humboldt Creamery is looking for a buyer after officials filed to reorganize under Chapter 11 bankruptcy protection.