Entries tagged "Bankruptcy"

Gordian Group's Kaufman on CIT's reorganization

Gordian Group's Peter Kaufman says its unclear if regulators will approve CIT Group's prepackaged bankruptcy reorganization plan, which includes transferring its core businesses to CIT Bank.

KCC's Carson on prepackaged bankruptcies

Kurtzman Carson's managing director Jonathan Carson says prepackaged bankruptcy cases are bound to grow this year due to liquidity limitations and timing restrictions imposed by bankruptcy reform.

Maclaren riding into receivership, again?

British baby products maker Maclaren is facing a massive recall on its leading product, strollers. The last time it faced a challenge, it stumbled into receivership.

FairPoint bond brawl

The telecom denies wrongdoing, as bondholders call for an examiner to investigate FairPoint's prebankruptcy maneuvers.

CIT files for bankruptcy

CIT Group files for bankruptcy, one of the biggest Chapter 11 filings in U.S. history.

Silver Point ponies up even more for CIT?

Middle-market lender CIT Group is in the process of securing a $4.5 billion lifeline from a group of bondholders that reportedly includes Silver Point Partners.

SL Green to give Tishman, BlackRock room

SLG and a subsidiary say they want to be involved in the restructuring of debt for Manhattan residential complex Stuyvesant Town Peter Cooper Village, which was purchased in 2006.

Z Gallerie's road ahead may be rocky

Z Gallerie emerged from Chapter 11 just in time for the Christmas season, but the latest signs on the pulse of the economy seem to show it will have a tough time luring shoppers.

Capmark exemplifies commercial real estate market

The commercial real estate market has claimed PE-backed Capmark, and things look like they'll be worse before they get better for the sector.

CIT warns bankruptcy may leave next to nothing

As the 11th hour approaches on CIT's debt exchange, the troubled lender's CEO warned bondholders that it could go into a messy 'free-fall bankruptcy' if they don't vote for an exchange or prepack filing plan.

Buyer's remorse for Tishman, BlackRock?

A New York state court judgment ruled that Tishman, BlackRock and previous owners of Stuyvesant Town raised rents on tenants illegally. The ruling could cost the current and previous owners millions in back rent.

With IP sales, retailer names fade but never die

Goody's is being reborn. The company, which went out of business in January, is reopening its first store in November.

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