Content Tagged As chapter_11

3 years 3 months ago

Kodak moment; bankruptcy protection

ROCHESTER, N.Y. (AP) -- The ripple effect from Eastman Kodak Co.'s bankruptcy reorganization extends in many directions: Employees brace again for layoffs, retirees fret over health care coverage, and the photography icon's biggest creditors and stakeholders - from movie studios and big-box retailers to CEO Antonio Perez - are preparing...

3 years 3 months ago

Hostess Twinkies maker files for bankruptcy

NEW YORK (AP) -- Hostess Brands Inc., the maker of Twinkies and Wonder Bread, is seeking bankruptcy protection, blaming its pension and medical benefits obligations, increased competition and tough economic conditions. The Chapter 11 filing on Wednesday comes just two years after a predecessor company emerged from bankruptcy proceedings....

3 years 9 months ago

All Borders bookstores could close

Borders Group is edging closer to extinction after no new bids surfaced in an auction process for the bookstore chain other than the opening bid from two liquidation firms. Borders Group last week assigned the opening bid in its auction process set for Tuesday to two liquidation firms, Hilco...

5 years 3 months ago

Citadel Broadcasting files Chapter 11 bankruptcy

Citadel Broadcasting Corp., the nation's third-largest radio broadcasting company, filed for Chapter 11 bankruptcy protection on Sunday in an effort to restructure its hefty debt load. In documents filed in U.S. Bankruptcy Court for the Southern District of New York, Las Vegas-based Citadel listed total assets at Oct. 30 of...

5 years 4 months ago

Majestic Star casino company files for Chapter 11

Majestic Star Casino LLC is seeking bankruptcy protection after defaulting on debt obligations involving casinos and hotels in Indiana, Colorado and Mississippi. The Las Vegas-based company made its Chapter 11 bankruptcy filing Monday in Delaware. Company chairman Don Barden blamed its financial troubles on the recession and increased competition. He...

5 years 7 months ago

Bankruptcy rumors surface for Gazette owner

Freedom Communications, the parent company of the Colorado Springs Gazette, is reportedly close to filing for Chapter 11 bankruptcy protection. A report by the Wall Street Journal Sunday stated that the company has reached an agreement with its lenders to restructure its debts. However, a report published in...

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