The Deal
Saturday, November 21, 
4:23 pm

Bankruptcy Update: Goen Technologies, American Halal and Greektown

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Here are some of the latest bankruptcy stories our reporters have been covering Friday morning on TheDeal.com. For more check out the bankruptcy channel on TheDeal.com or visit Bankruptcy Insider.

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TrimSpa distributor to file plan
Unsecured creditors of bankrupt Goen Technologies Corp. are slated to receive an 8.1% recovery under the diet company's plan of reorganization. The disclosure statement outlining the reorganization plan will be considered at an Aug. 22 hearing. - Jamie Mason

American Halal seeks extension
Liquidating Texas meat packer American Halal Meat Processors Inc. wants a 60-day extension of its sole right to file a plan that would pay all creditors in full. The Chapter 11 petition of the operator of a single meat packing plant was converted to Chapter 7 liquidation in April, and American Halal wants to extend its exclusivity past its current June 30 deadline. - Terry Brennan

Greektown can tap $150M
Bankrupt Detroit casino operator Greektown Holdings LLC has been permitted to use all of a $150 million debtor-in-possession loan that maps out a timeline for a sale or a reorganization in mid-2009. - Ben Fidler



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