Thursday, June 21, 2012

Bankrupt companies

  • The holding company behind the failed First Regional Bank in Los Angeles, whose $2.
  • (Wall Street Journal)
  • rebuild Arcadia declares bankruptcy Manufacturer Arcadia declares bankruptcy Follow this company has successfully reworked debt payments and exited bankruptcy—enabling its 55 employees to remain in Green Island.
  • (The Business Journal)
  • Several other 2011 nominees are also no longer.
  • (Huffington Post)
  • David Netto, a former design consultant for stroller maker Maclaren USA, is suing his old boss CEO Farzad Rastegar for fraud.
  • (Huffington Post)
  • Subject to Bankruptcy Court approval, the DIP loan will be secured by a super-priority lien on property and other assets at LightSquared Inc, the holding company for LightSquared.
  • (Reuters)
  • Einck, owe nearly 200 creditors, according to documents filed Tuesday in U.S. Bankruptcy Court in Minneapolis. Eckberg and his wife own St. Croix Events Inc., a festival promotions company that has coordinated Lumberjack Days since 1994.
  • (Minneapolis Star Tribune)
  • Behringer Harvard Residences at Hotel Palomar may revert to Westdale Capital Follow this company has filed Chapter 11 bankruptcy on Frisco Square after it was unable to restructure its debt with the lender on the property.
  • (The Business Journal)
  • VENTURA, Calif. (KABC) -- A whole lot of people in Ventura County could find themselves stranded at the end of this month because several major bus lines are about to stop running.
  • (Abc Local Web)
  • In this instance, Vitro has subsidiaries in the U.S. that are guarantors of the company's debt and which are not in bankruptcy." If upheld, the decision could allow creditors to pursue those assets.
  • (Investors Business Daily)
  • Adams Produce filed for bankruptcy protection on April 27, later citing $19.5 million in assets and $41.6 million in debt to hundreds of creditors, including truckers, lenders and produce suppliers.
  • (Everything Alabama Blog)

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