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Business Bankruptcy Options for Business Owners

2022-07-21T06:07:33+00:00

Did you know that the average business lasts about ten years? When businesses reach this milestone, the owners must determine whether the company has a chance of surviving the next decade. It may be an option to file for bankruptcy, but this isn't always as bad as it sounds. When a business files for bankruptcy, [...]

Business Bankruptcy Options for Business Owners2022-07-21T06:07:33+00:00

Battery maker bankruptcy bad news for luxury car manufacturer

2012-11-05T20:53:58+00:00

Fisker Automotive could potentially be in financial danger after its sole electric battery manufacturer filed for bankruptcy last month. A123 Systems, which made all of Fisker's electric car batteries for its Karma model, filed for Chapter 11 protection in October with $376 million in debt. According to the Washington Times, A123 Systems is now requesting that [...]

Battery maker bankruptcy bad news for luxury car manufacturer2012-11-05T20:53:58+00:00

Contec Holdings Ltd. files for bankruptcy

2012-09-04T19:34:35+00:00

The cable-box repair company Contec Holdings Ltd., owned by Bain Capital, has filed for bankruptcy protection due to low demands for its services. Contec officials say operations will continue as normal during the bankruptcy process, which is expected to be completed in 60 days. The Huffington Post reports that lenders have agreed to loan the [...]

Contec Holdings Ltd. files for bankruptcy2012-09-04T19:34:35+00:00

Dynegy Inc. more than $5 billion in debt

2012-07-09T20:30:41+00:00

Dynegy Inc., a Houston-based power company, has filed for bankruptcy protection in order to merge with its bankrupt subsidiary Dynegy Holdings as part of a reorganization plan. Last year, Dynegy had more than $5 billion in debt. According to the Wall Street Journal, the company's coal and natural gas power plants will continue to operate [...]

Dynegy Inc. more than $5 billion in debt2012-07-09T20:30:41+00:00

Ritz Camera files for its second bankruptcy

2012-06-25T20:25:34+00:00

The Washington Post announced last Friday that Ritz Camera has filed for Chapter 11 bankruptcy protection, just three years after it emerged from its first bankruptcy filing. Officials say stiff competition with cellphone cameras has caused Ritz to struggle. The film and camera business plans on closing 128 of its 265 retail locations and laying [...]

Ritz Camera files for its second bankruptcy2012-06-25T20:25:34+00:00

Tribune nears the end of its bankruptcy proceedings

2012-06-11T21:16:43+00:00

Tribune Co. is nearing the end of its three-year bankruptcy proceedings after it submitted its second reorganization plan last week. The failing newspaper, radio and television station company filed for Chapter 11 protection in 2009. Under its plan, Tribune would leave bankruptcy protection with all of its assets. Should it be approved by the court, [...]

Tribune nears the end of its bankruptcy proceedings2012-06-11T21:16:43+00:00

Dewey & LeBoeuf LLP files for bankruptcy protection

2012-05-29T17:25:38+00:00

One of the largest law firms in the United States, Dewey & LeBoeuf LLP, has filed for Chapter 11 bankruptcy protection this week in Manhattan. The New York-based firm has listed $193 million in assets with $245 million in liabilities. Dewey & LeBoeuf, which advised the Los Angeles Dodgers during its bankruptcy process, decided to [...]

Dewey & LeBoeuf LLP files for bankruptcy protection2012-05-29T17:25:38+00:00
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