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| | Chapter 11, Title 11, United States Code - Wikipedia, the free encyclopedia |
 | | A Chapter 7 filing means that the business intends to sell all its assets, distribute the proceeds to its creditors, and then cease operations. | | | Typical debts and contracts cancelled in a Chapter 11 bankruptcy include unsecured loans and, if cancelling them would be financially favorable to the company, union contracts, supply or operating contracts (with both vendors and customers) and long-term real estate leases. | | | It is thought that the value of a typical business as a going concern is far higher than the value of the sum of its parts if the business's assets were to be sold off individually. |
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http://en.wikipedia.org/wiki/Chapter_11_bankruptcy_protection
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| | Filing Bankruptcy - Alternatives to filing for chapter 7, chapter 11 or chapter 13 bankruptcy |
| | Chapter 7 11 13 and its affiliates are not advocating that you stop paying your creditors to force them into settlements. | | | The consequences of filing bankruptcy are obvious, in short you have just told every creditor in the world that you are not worthy of offering credit to. | | | Your employers, your insurance company, your auto loans, landlords, even your cell phone provider may use your credit report as the basis to give you a job, determine what to charge you, or if they will even provide you with their service. |
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http://www.chapter7-11-13.net
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| | Corporate Bankruptcy |
| | Chapter 11 provides a process for rehabilitating the company's faltering business. | | | Although a company may emerge from bankruptcy as a viable entity, generally, the creditors and the bondholders become the new owners of the shares. | | | Under a Chapter 11 reorganization, a company usually keeps doing business and its stock and bonds may continue to trade in our securities markets. |
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http://www.sec.gov/investor/pubs/bankrupt.htm
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| | Enron Files for Chapter 11 Bankruptcy Protection |
| | Such transaction allow trading parties to offset all debits and credits between them even though they may be governed by different contracts. | | | According to Bankruptcy Creditors Service, Enron owes Citigroup (C:NYSE - news - commentary - research - analysis) at least $3 billion, J.P. Morgan Chase (JPM:NYSE - news - commentary - research - analysis) nearly $2 billion and Bank of New York (BK:NYSE - news - commentary - research - analysis) at least $2 billion. | | | The bankruptcy filing does not list off-balance sheet and contingent liabilities. |
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http://www.thestreet.com/comment/chrisedmonds/10004757.html
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| | [No title] |
| | Schubert says that WGC intends to prepare and file the Chapter 11 Plan and related disclosure statement in the immediate future, obtain confirmation of the Chapter 11 Plan pursuant to the procedures set forth in the Bankruptcy Code, and emerge from chapter 11 as expeditiously as possible. | | | The Road Out of Bankruptcy -------------------------- The Restructuring Agreements are to be further implemented through a chapter 11 plan of reorganization supported by these key creditors, as well as through certain amendments to the Credit Agreement. | | | After the Company files the proposed plan of reorganization, the court must first approve the proposed plan and disclosure statement, which will then be distributed to all members of the principal creditor groups for approval. |
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http://bankrupt.com/williams.txt
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| | chapter 11 bankruptcy Bankruptcy Help |
| | Bankruptcy chapter 11 is for reorganizing your business debts! | | | Chapter 11 Bankruptcy for reorganizing your business debts! | | | However, they can have their downsides and credit card debt can be difficult and costly. |
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http://www.bankruptcy-aid.us/debt/chapter-11-bankruptcy.html
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| | Kmart Files for Chapter 11 Bankruptcy Protection - Babson Free Press - BUSINESS & TECHNOLOGY |
| | In its bankruptcy filing, Kmart and its US subsidiaries listed $17 billion in total assets at book value and total liabilities of $11.3 billion as of the quarter ended October 31. | | | Also during the period, the company took on a little under $2 billion in long-term debt, had negative operating cash flows of $442 million and negative investing cash flows of $1.1 billion. | | | Since the filing date on January 22nd, Kmart has announced that it will be closing a large number of its 2,114 total stores, a major blow to its annual $37 billion in revenues and its 250,000 employees. |
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http://www.babsonfreepress.com/news/2002/02/14/BusinessTechnology/Kmart.Files.For.Chapter.11.Bankruptcy.Protection-184565.shtml
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| | Lechters files for Ch. 11 protection - May 21, 2001 |
| | When a company files for federal bankruptcy protection under Chapter 11, it is protected from creditors while it tries to reorganize its business and work out a plan to pay its debts. | | | But concerns about the company's future operability prevented it from securing the needed financing, the company said, forcing it to file for Chapter 11. | | | NEW YORK (CNNfn) - Home goods retailer Lechters Inc. filed for Chapter 11 bankruptcy protection Monday citing difficulty in obtaining financing for a previously announced restructuring plan. |
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http://cnnfn.cnn.com/2001/05/21/companies/lechters/index.htm
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| | WorldCom files largest bankruptcy ever - Jul. 19, 2002 |
| | The company has struggled with its $41 billion in debt, $24 billion of which is in bonds. | | | The bankruptcy would have no immediate effect on its customers, according to statements from both the company and Michael Powell, chairman of the Federal Communications Commission. | | | Nation's No. 2 long-distance company in Chapter 11 -- largest with $107 billion in assets. |
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http://money.cnn.com/2002/07/19/news/worldcom_bankruptcy/index.htm
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| | Sunbeam files Chapter 11 - Feb. 6, 2001 |
| | It said the bankruptcy filing has the support of banks holding $1.7 billion of the company's debt. | | | The company said it has reached an agreement with its banks to convert most of its bank debt into other forms of debt as well as equity interest in the reorganized Sunbeam. | | | It also said Bank of America, First Union and Morgan Stanley have agreed to support Sunbeam through the reorganization by issuing a new $285 million line of credit, while GE Capital Corp. is providing $200 million in financing backed by the company's domestic accounts receivable. |
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http://cnnfn.cnn.com/2001/02/06/news/sunbeam/index.htm
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| | USi files for Chapter 11 |
| | The ASP is, however, entering the Chapter 11 process with a majority of leaseholders and two-thirds of its bondholders on board, a USi spokesman said. | | | USinternetworking, which led the application service provider market in 2000 with more than $100 million in revenue, filed for Chapter 11 bankruptcy protection on Monday as part of a pre-negotiated plan to reduce debt and receive additional funding. | | | Under terms of the agreement, once USi emerges from Chapter 11, USi Holdings - a Bain affiliate -- will initially invest $81 million in USi, with an additional $25 million to be invested once certain business milestones are met. |
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http://www.nwfusion.com/news/2002/0107USI.html
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| | Chapter 11 filing - PittsburghLIVE.com |
| | A Chapter 11 filing allows businesses to reorganize their debt while continuing to operate. | | | On June 23, the letter said, the results of a recent ballot vote on the options were tabulated by an independent group of board members. | | | Sources familiar with the club's financial woes said those options include having the members ante up more money, opening the country club to the public or selling the facility, which is located along Route 130 in Hempfield Township. |
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http://www.pittsburghlive.com/x/tribune-review/trib/westmoreland/s_201577.html
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| | Enron: Enron Corp. -- Press Release |
| | In connection with the company’s Chapter 11 filings, Enron is in active discussions with leading financial institutions for debtor-in-possession (DIP) financing and expects to complete these discussions shortly. | | | Upon the completion and court approval of these arrangements, the new funding will be available immediately on an interim basis to supplement Enron’s existing capital and help the company fulfill obligations associated with operating its business, including its employee payroll and payments to vendors for goods and services provided on or after today’s filing. | | | The discussions currently underway with various leading financial institutions are aimed at obtaining credit support for, recapitalizing and revitalizing Enron’s North American wholesale energy trading operations under a new ownership structure in which Enron would continue to have a significant ownership interest. |
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http://www.enron.com/corp/pressroom/releases/2001/ene/PressRelease11-12-02-01letterhead.html
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| | Chapter 11 Bankruptcy Protection - Big Bankruptcy Guide |
| | MCI emerged from Chapter 11 bankruptcy protection last week with a mere $6 billion in debt, 27000 fewer employees and cash in the bank.www.nwfusion.com/news/2004/0426mci.html | | | is a debt to family benefits cleared under bankruptcy canada | | | Kmart Corp., the second largest discount retailer in the United States, filed for Chapter 11 bankruptcy protection Tuesday, ending weeks of speculation... |
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http://www.bigbankruptcyguide.com/chapter-11-bankruptcy-protection.html
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| | Airline's saga at Chapter 11 - PittsburghLIVE.com |
| | In its filing, the company listed $8.8 billion in assets, including $1.45 billion in cash, and $8.7 billion in liabilities. | | | Because most of its hard assets, such as airplanes, already are pledged as loan collateral, the company has said that it will not seek additional investors at this time. | | | US Airways said yesterday that it has an agreement in place with the government and with other lenders to use some of its cash reserves to continue operations while in bankruptcy. |
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http://www.pittsburghlive.com/x/tribune-review/trib/regional/s_250596.html
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| | Enron files for protection, seeks $10B in Dynegy suit - Dec. 2, 2001 |
| | The company expects to use the financing to help meet employee payrolls and pay vendors for goods and services provided on or after the bankruptcy filing. | | | The company said it is in talks with financial institutions for a recapitalization of its wholesale energy trading business under a new ownership structure. | | | Adjusted for inflation, that amount would be about $56.4 billion today, the Boston-based company said. As of Sept. 30, Enron had $62.8 billion in assets, though that figure may be substantially less, given developments over past several weeks. |
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http://money.cnn.com/2001/12/02/companies/enron_filing
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| | Long Bets [ 13: By 2007, the U.S. Government will intervene to prevent at least one of the Incumbent Local Exchange ... |
| | Their capital structure insures that, as true broadband networks are developed by cable and/or wireless alternative carriers which can provide business grade services to currently captive, high margin producing small and medium sized enterprises, even modest market share losses in this sector alone will cause them to lose creditworthiness and, thus, access to debt capital. | | | Outright default on existing debt plus the forced suspension of dividend payments as the negative effects of leverage begins to manifest themselves will wipe out equity value and force a bankruptcy filing(s). | | | Given the current mistaken obsession with telephone companies as key players in delivering broadband services and supporting future economic growth, and given the ILECs penchant for competition by means of lobbying governments, the political reaction to this turn of events will make the Penn Central bankruptcy look like a tea party in comparison. |
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http://www.longbets.org/bet/13
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| | Owens Corning Chapter 11 bankruptcy protection from the courts |
| | The company has assets of $7 billion and liabilities of $5.7 billion; however, the number of asbestos claims against the company continues to grow and the trust fund it set aside to pay those claims now appears inadequate. | | | Bank of America loaned the corporation $500 million so that it may continue operations while the court system helps sort out which creditors will be paid, in what order, and how much. | | | "To date, the company has received more than 460,000 asbestos personal injury claims and has paid or agreed to pay more than $5 billion for asbestos-related awards and settlements, legal expenses and claims processing fees," according to an Owens Corning press release announcing the bankruptcy filing. |
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http://www.sustainableenterprises.com/fin/News/bankrupt.htm
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| | What Happens in Chapter 11 Bankruptcy? Chris Suellentrop |
| | For 120 days after filing for Chapter 11, the business has the exclusive right to file a reorganization plan, and the business has 180 days to persuade creditors to accept its plan. | | | The business must file a written disclosure statement and a plan of reorganization with the bankruptcy court. | | | The plan's confirmation discharges the company from its old debts, but the company is bound by the plan to make payments to its creditors. |
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http://www.slate.com/id/1008152
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| | O'Sullivan Industries Holdings, Inc. :: O'Sullivan Industries to File for Chapter 11 Bankruptcy Protection |
| | As a result of obtaining the support of a clear majority of our senior secured note holders in advance of the filing, we are in a position to complete the reorganization process in less time than is customary in many Chapter 11 proceedings. | | | O'Sullivan said it has received a commitment for up to $35 million of debtor-in-possession (DIP) financing from CIT Group/Business Credit, Inc. The DIP facility, together with funds from operations, should provide the liquidity necessary to enable O'Sullivan to meet its obligations to its suppliers, customers and employees during the Chapter 11 reorganization process. | | | He assured O'Sullivan's customers that it has sufficient inventory to keep them supplied and intends to provide uninterrupted service throughout the reorganization process. |
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http://sev.prnewswire.com/retail/20051014/CGF04714102005-1.html
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| | SignOnSanDiego.com > News > Business -- Oglebay Norton seeks bankruptcy court protection from creditors |
| | That and plans for new equity investments and a new line of credit should allow the company to emerge from Chapter 11, Oglebay Norton said. | | | The company said it reached agreement in principal before the filing with most of its senior lenders to exchange notes for stock. | | | The company has been losing money and recently fell behind on loan payments. |
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http://www.signonsandiego.com/news/business/20040223-0639-oglebaynorton-bankruptcy.html
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| | Steel Industry Bankruptcies |
| | January 11, 2002—U.S. Commerce Dept. concludes that the U.S. produces sufficient quantities of iron ore and semi-finished steel domestically to satisfy national security requirements. | | | June 2001—President Bush announces a comprehensive, three-pronged plan to reduce global excess steelmaking capacity; to eliminate subsidies and market distorting practices globally; and to request the initiation of a Section 201 (1974 Trade Act) investigation. | | | April 23, 2001—Algoma Steel Inc. announced initiation of restructuring, a process that includes an Order for protection under the Companies' Creditors Arrangement Act (CCAA). |
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http://www.steelnews.com/companies/chapter11/steel_timeline.htm
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| | Excite@Home files for bankruptcy CNET News.com |
| | "This filing is a tool to protect the value of the broadband business for the benefit of the company's financial stakeholders and will help reassure our customers that service will continue uninterrupted through the restructuring process," Patti Hart, Excite@Home chairman and chief executive, said in a statement. | | | "ATandT remains committed to working with Excite@Home's management and the bankruptcy court to provide uninterrupted high-speed cable Internet service to existing Excite@Home customers, as well as continuing relationships with other cable companies to ensure seamless service to their customers on the @Home network," the company said in a statement on its Web site. | | | Meanwhile, ATandT and Comcast signed a confidentiality agreement Friday that could result in Comcast paying $37.8 billion for ATandT Broadband, a deal that would likely include the Excite@Home assets. |
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http://news.com.com/2100-1033-273689.html
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| | Excite@Home Pulls The Plug |
| | The decision to choose Chapter 11 protection lets Excite@Home maintain operation of its high-speed cable Internet access services and other related services during the sale approval process. | | | Excite has about $150 million in cash and $1.1 billion in debt, according to its latest filings. | | | "This filing is a tool to protect the value of the broadband business for the benefit of the company's financial stakeholders and will help reassure our customers that service will continue uninterrupted through the restructuring process," says ExciteAtHome chairman and CEO Patti Hart. |
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http://www.internetnews.com/xSP/article.php/8_894301
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| | Forbes.com: NRG says exits Chapter 11 bankruptcy protection |
| | Under Chapter 11, Minneapolis-based NRG eliminated debt and claims totaling more than $6 billion. | | | It emerges with $510 million of corporate debt and about $4.4 billion in project level debt, including the newly-issued notes. | | | Creditors will receive a combination of cash, common stock and $500 million of newly-issued corporate notes. |
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http://www.forbes.com/markets/commodities/newswire/2003/12/05/rtr1171715.html
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| | LORAL REACHES AGREEMENT TO SELL SIX SATELLITES TO INTELSAT FOR UP TO $1.1 BILLION; FILES VOLUNTARY CHAPTER 11 PETITION ... |
| | Loral expects to use most of the proceeds from the sale of the North American satellites to repay all $959 million of its outstanding secured bank debt. | | | The company believes that its plan to substantially reduce long-term debt and interest expense going forward should help address concerns customers and suppliers may have had about its financial condition. | | | "Loral's senior management has worked ceaselessly to try to avoid such a filing, but we have reluctantly concluded that the asset sale and debt reduction could only be achieved through the Chapter 11 reorganization process. |
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http://www.loral.com/inthenews/030715.html
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| | Interstate Bakeries files for bankruptcy - Sep. 22, 2004 |
| | "By filing for protection under Chapter 11 and obtaining the DIP (bankruptcy) financing, the company should have the liquidity, time and resources necessary to thoroughly identify, assess and address the issues that will enable this company to be successful in the future." | | | The company, which operates 57 bakeries throughout the United States and employs more than 33,000 people, listed assets of $1.6 billion and liabilities of $1.3 billion. | | | For the fiscal third quarter, the company reported a loss of $6.6 million, or 15 cents a share, little changed from the year-earlier loss in the period. |
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http://money.cnn.com/2004/09/22/news/fortune500/interstate_bankruptcy
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| | SONICblue Seeks Chapter 11 Protection |
| | The company intends to file motions with the court to support its employees, vendors and customers and to retain Houlihan Lokey Howard & Zukin Capital as financial advisors and Pillsbury Winthrop LLP as legal counsel. | | | The embattled Santa Clara, Calif. maker of consumer electronics, which has been bleeding cash for more than a year and trying to get in the black, also agreed to sell its ReplayTV and Rio business units to D&M Holdings for $40 million in a non-binding agreement. | | | But the firm didn't stop there in its effort to get leaner, as it definitively agreed to sell its GoVideo unit to consumer products concern Opta Systems for approximately $12.5 million. |
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http://www.internetnews.com/bus-news/article.php/2168541
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| | Iridium declares Chapter 11 bankruptcy protection [Free Republic] |
| | 11: Iridium concedes it has defaulted on $ 1.55 billion in loans. | | | The company is not ending operations, but rather seeking a court-approved workout plan. | | | Under Chapter 11, companies are allowed to keep operating under court protection from creditors. |
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http://www.freerepublic.com/forum/a37b4aed835d2.htm
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| | BusinessDebt-Consolidation.com - Home |
| | Congress recommends mandatory debt counseling before filing bankruptcy. | | | You receive a fresh start so that you can restore your business to debt-free financial health. | | | • Protect your assets, maintain vendor relationships and improve your creditworthiness |
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http://www.BusinessDebt-Consolidation.com
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| | AP: Allied Holding Files For Chapter 11 Bankruptcy Protection |
| | Allied Holdings will attempt to use the Chapter 11 process to obtain more favourable financial terms under its union contracts and from its customers, and to reduce its debt burden. | | | According to a report in the Wall Street Journal, Allied has been struggling with rising labour and fuel costs, a high debt ration and a decrease in delivery volume from General Motors (GM), Ford and DaimlerChrysler. | | | Significance: Allied Holdings applying for Chapter 11 protection is the latest in a raft of car manufacturing supply companies that have gone down the same route, indicative of the wider financial malaise that the US industry is in. |
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http://www.teamster.org/05news/hn_050801_5.htm
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| | Tommy Armour Golf parent Huffy files for Chapter 11 bankruptcy protection |
| | He added that management has sought court approval to pay vendors, suppliers and other business partners under normal terms for goods and services they provide during the reorganization process and to pay its employees in the usual manner. | | | Concurrent with the filing, Huffy Corp., based in Miamisburg, Ohio, said that it has received a commitment for $50 million in debtor-in-possession financing from Congress Financial Corporation to fund post-petition operating expenses, supplier and employee obligations, subject to Court approval. | | | The company cited liquidity issues, significant operating losses associated with portions of its former Canadian operations, increasing public company costs and mounting legacy costs associated with discontinued operations dating back to the 1950s, as major factors in its decision to seek bankruptcy protection. |
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http://www.pga.com/news/industry/huffy102004.cfm
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| | Wherehouse files for Chapter 11 bankruptcy protection |
| | They reviewed the company's finances and opted for bankruptcy to strengthen the balance sheet, Wherehouse said. | | | The company said the decline was in part due to large retail chains and specialty retailers selling new CDs and DVDs at or below cost, undercutting its sales of used items. | | | In its bankruptcy filing, Wherehouse listed $227.9 million in assets and $222.5 million in debt. |
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http://www.sfgate.com/cgi-bin/article.cgi?file=/news/archive/2003/01/21/financial1919EST0120.DTL
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| | ABC News: Trump Casinos Seek Bankruptcy Protection |
| | Trump said he would personally invest $55 million in cash and $17 million in notes he already holds in the restructuring. | | | Trump Casinos Seek Bankruptcy Protection Over $1.8 Billion in Debts; Mogul's Stake to Shrink | | | But the bondholders, led by several New York investment banks, will be able to appoint five board members, while Trump can name three. |
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http://abcnews.go.com/Business/wireStory?id=274589
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| | Artifact Entertainment files for Chapter 11 Bankruptcy Protection - PC News |
| | This resulted in our decision to seek protection under Chapter 11 to improve the company’s financial situation. | | | We took all the necessary steps to cut improve cash flow and reduce expenses. | | | Continental Airlines and May Company department stores are two examples of companies that successfully used Chapter 11 protection to get their businesses into better financial health. |
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http://pc.gamezone.com/news/07_20_04_01_58PM.htm
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| | Huffy Files for Bankruptcy Protection (phillyBurbs.com) General |
| | The company said it expects to pay its employees in the usual manner and has sought permission from the bankruptcy court to pay vendors, suppliers and other business partners during the reorganization. | | | Huffy recently sold its basketball-backboard unit, its customer service division and part of its Canada-based Gen-X business, which makes equipment for golf, snowboarding, inline skating, skiing and hockey. | | | Huffy said it has received $50 million in financing from Congressional Financial Corp. to fund operating, supplier and employee expenses. |
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http://www.phillyburbs.com/pb-dyn/news/24-10202004-386130.html
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| | ABCQ.ORG - Your Financial Resources Guide |
| | Receive a loan or credit card even with bankruptcy! | | | Loans for people with impossible credit AND a List of Non-ChexSystems Banks! |
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http://abcq.org/bankruptcy/15/chapter-11-bankruptcy-protection.html
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| | Web Host News Allegiance Telecom Files for Chapter 11 |
| | October 26, 2005 -- Web hosts and pure-play colocation providers have expanded and introduced new offerings in recent weeks, pushed by the growing requirements of the enterprise customer and a thirst for new revenue sources. | | | We believe this move is the best way to safeguard the value of our enterprise, reduce costs, and increase our competitive advantage in the market as we continue negotiations with our creditors." | | | "With approximately a quarter billion dollars of cash, Allegiance is free of the liquidity problems experienced by other telecom companies that have filed under Chapter 11. |
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http://thewhir.com/marketwatch/all051503.cfm
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| | ATG Files for Chapter 11 Bankruptcy Protection |
| | Hayward, Calif. -- ATG Inc., a radioactive and hazardous waste management company, has filed for Chapter 11 bankruptcy protection because of unexpected freezing of cash accounts by its primary lender, according to Doreen Chiu, president and CEO. | | | --> ATG Files for Chapter 11 Bankruptcy Protection |
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http://wasteage.com/news/waste_atg_files_chapter/index.html
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| | Awrey Bakeries files for Chapter 11 bankruptcy protection |
| | The filing is intended to allow Awrey to restructure its finances and continue operating, the company said. | | | But she said the Chapter 11 filing was prompted by the failure of another local bakery, Oak Park-based Koepplinger's Bakery Inc., to pay Awrey money it was owed. | | | Company vice president Betty Jean Awrey, wife of chairman Robert Awrey, said the maker of bread, cakes, cookies and pastries has struggled financially for several years. |
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http://www.freep.com/news/statewire/sw111194_20050204.htm
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| | ZiLOG Files for Chapter 11 Bankruptcy Protection - ticalc.org |
| | You can change the number of comments per page in Account Preferences. | | | I know very little about the rules of our economy, but what IF this license expires? | | | Possibly TI could be allowed to use the design inside their future calcs. |
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http://www.ticalc.org/archives/news/articles/5/55/55568.html
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| | Marvel files for Chapter 11 bankruptcy protection |
| | The company said the filing was necessitated by the failure of the holders of bonds issued by Marvel's holding companies to reach agreement regarding any alternative plans for its future. | | | Under Chapter 11, a company seeks court protection from creditors as it continues operating and attempts to reorganize its finances. | | | Marvel Entertainment Group said it filed the voluntary Chapter 11 petition to implement a proposed $525 million recapitalization plan to return the company to profitability. |
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http://www.lubbockonline.com/news/122896/marvel.htm
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| | Cannondale To File For Chapter 11 Bankruptcy Protection |
| | Cannondale and its lenders continue, however, to look for buyers for either or both of the businesses. | | | Another company, or companies, could make a higher offer and acquire the company. | | | As part of the plan, Pegasus Partners, one of Cannondale's creditors, will acquire all the bike and motorcycle maker's assets, including intellectual property, manufacturing facilities, inventory and subsidiaries in Japan, Australia and the Netherlands. |
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http://www.bicycleretailer.com/bicycleretailer/headlines/article_display.jsp?vnu_content_id=1805068
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| | Garden Botanika Files for Chapter 11 Bankruptcy Protection |
| | Early in 1998 the company reported that its annual mail-order sales had dropped 41% due to a planned reduction in catalog circulation. | | | The bankruptcy filing comes on the heels of more than a year of declining fortunes for the retail and catalog company, which sells botanically based skin care products and cosmetics. | | | The total list of creditors, according to the court papers, is between 200 and 999. |
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http://directmag.com/news/marketing_garden_botanika_files/index.html
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| | Graham-Field Opts for Chapter 11 Protection |
| | As a result of the filing, Graham-Field has been able to secure a $38.75 million debtor-in-possession credit facility from various financial institutions to finance its reorganization. | | | Ross did say that it was likely that the company will have to spin off some business lines. | | | Click here for information on products and services featured in HomeCare |
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http://homecaremag.com/mag/medical_grahamfield_opts_chapter/index.html
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| | Exodus seeks Chapter 11 bankruptcy protection - Computerworld |
| | "I believe by filing for Chapter 11, they can shed nonperforming assets and perhaps put themselves in a position to be attractive for purchase by a financially stronger company." | | | Yesterday, Exodus issued a statement that it had ceased trading on the Nasdaq stock exchange because of rumors that it would file for Chapter 11. | | | More information about the company's restructuring plans is available online at a special Exodus Web site. |
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http://www.computerworld.com/printthis/2001/0,4814,64257,00.html
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| | RCN Files For Bankruptcy Protection > RCN Files For Bankruptcy Protection > May 27, 2004 |
| | The filing wipes out much of the firm's debt, reducing it to $480 million from $1.7 billion, with bondholders now to hold the largest portion of equity in the company. | | | The Chapter 11 filing has already been worked out between RCN and its chief creditors, led by Deutsche Bank Securities. | | | Fiber-network firm RCN Corp. filed for Chapter 11 bankruptcy protection Thursday, all the while vowing that its restructuring will make it stronger than ever to take on cable companies. |
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http://www.techweb.com/wire/story/TWB20040527S0002
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| | AM Communications Files for Chapter 11 Bankruptcy Protection |
| | During the last several months the Company has explored various strategic options to restructure its financing and reorganize its business units in order to return to profitability. | | | The Company has concluded that it will be best to complete its restructuring and reorganization within the bankruptcy process. | | | , today announced that it has filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. |
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http://www.forrelease.com/D20030828/phth039.P1.08282003181059.16311.html
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