Entries tagged "Chapter 11"

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.

Hilco's Cory Lipoff on the retail reorg challenge

Hilco's Cory Lipoff says the inventories of many retailers are so highly leveraged that there's little if any money available for a reorganization.

Oppenheimer's Heinberg on a CIT Group bankruptcy

A CIT Group Inc. (NYSE:CIT) bankruptcy would have an impact on middle market lending says Marshall Heinberg, the head of investment banking at Oppenheimer & Co.

Buzz kill for Jolt Cola

Jolt, which makes Jolt Cola, filed for Chapter 11 bankruptcy protection this week.

Brockovich law firm felled by litigation

The personal injury law firm immortalized in the 2000 film Erin Brockovich has itself been afflicted by financial peril as a result of ongoing litigation and has succumbed to Chapter 11 protection.

Reader's Digest Ch. 11 petition filing

See Reader's Digest Association's bankruptcy protection petition filing.

In bankruptcy, a deal isn't always a deal

Bankrupt Coal Financing is trying to keep a creditor named Mon View Mining from winning relief from the automatic stay afforded debtors in Chapter 11.

Chang-Lima Studios joins bankrupt retailers

Rising operating costs and $1.58 million in liabilities drove fashion house Chang-Lima Design Studio into Chapter 11 on Tuesday.

Gordian's Kaufman on GM's rebirth

Gordian Group's Kaufman feels GM will have many challenges following its re-emergence from Chapter 11.

GM speeds out of bankruptcy

The carmaker has reportedly emerged from Chapter 11 after only 40 days.

Lear files for Ch. 11

As expected Lear filed for Chapter 11.

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