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Here are some of the latest bankruptcy stories our reporters have been covering Monday morning on TheDeal.com. For more bankruptcy coverage, check out the bankruptcy channel on TheDeal.com or visit Bankruptcy Insider.
Steakhouse Partners has new beef Steakhouse Partners Inc. is overcooked again. The San Diego restaurant operator, which does business as Texas Loosey's Steakhouse & Saloon Inc. and Galveston's Steakhouse Corp., has filed for bankruptcy for the second time in six years. - Jamie Mason Winstar Comm gets use of cash Twice-bankrupt telecom Winstar Communications LLC has been able to dial into a cash collateral pool that will keep it operating as it reorganizes. Winstar has been permitted to tap the cash on a permanent basis or for the life of its bankruptcy to pay its employees and pay for the telecom services that it resells to customers. - Ben Fidler Tango girds for battle with Chrysler Tango Branded Entertainment LLC's reorganization plan has been confirmed, but the advertising company is still battling Chrysler LLC over a breach of contract. TBE was supposed to receive $3 million from Chrysler to develop a radio and Internet program called "Totally Mom." It was also going to get an additional $2 million in advertising support from Chrysler. However, in 2006, TBE received only $1 million from Chrysler, which then canceled the contract. This led to TBE defaulting on its payments to creditors. - Jamie Mason -The editors
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