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Bankruptcies News
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A New York investment firm, Bay Harbour Management LC, is said to be the leading candidate to purchase out of bankruptcy the assets of discount retailer Steve & Barry’s LLC, according to a report in the Wall Street Journal.
Bankruptcy News - Bankruptcy News Headlines | Bizjournals.com
A trio of contractors is seeking to block the foreclosure sale of The Park condo project in uptown Charlotte, filing an involuntary bankruptcy petition against its developer.
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Lumera Corp. said it’s received a letter from the NASDAQ stock exchange, warning that the company is in danger of being delisted because its shares don’t meet the exchange’s minimum bid price of $1. (LMRA)
Bankruptcy News - Bankruptcy News Headlines | Bizjournals.com
The International Brotherhood of Teamsters is asking secured creditors of bankrupt Interstate Bakeries Corp. to work with investor Ripplewood Holdings to help IBC emerge from bankruptcy while protecting its employees’ jobs.
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On the heels of an $8.3 million lawsuit, Louisville businessman Charlie Johnson has closed his trucking business, putting 146 people out of work.
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Two executives have been named to leadership posts within Bennigan’s Franchising Co. LP, the business entity responsible for supporting the remaining chain of independently owned Bennigan’s franchisees in the wake of the parent company’s bankruptcy filing.
Bankruptcy News - Bankruptcy News Headlines | Bizjournals.com
Frontier Airlines posted an increased loss in the second quarter as it grappled with a double-digit rise in fuel prices.
Bankruptcy News - Bankruptcy News Headlines | Bizjournals.com
Two executives have been named to leadership posts within Bennigan’s Franchising Co. LP, a business entity that is responsible for guiding the remaining chain of independently owned Bennigan’s franchisees.
Bankruptcy News - Bankruptcy News Headlines | Bizjournals.com
WellCare Health Plans Inc. said it has an agreement with state and federal officials to pay $32.5 million as part of an investigation into the company's Medicaid contract with the state of Florida. (WCG)
Bankruptcy News - Bankruptcy News Headlines | Bizjournals.com
Miami supply company Tiles and Stones has filed for Chapter 11 bankruptcy protection.
Bankruptcy News - Bankruptcy News Headlines | Bizjournals.com
Frontier Airlines posted an increased loss in the second quarter as it grappled with a double-digit rise in fuel prices.
Bankruptcy News - Bankruptcy News Headlines | Bizjournals.com
Promenade at Doral II LLC, an affiliate of Boca Raton-based E.B. Developers, has filed a counterclaim in Miami-Dade County Circuit Court against Wachovia Bank.
Bankruptcy News - Bankruptcy News Headlines | Bizjournals.com
On the heels of an $8.3 million lawsuit, a prominent Louisville businessman plans to close his trucking business.
Bankruptcy News - Bankruptcy News Headlines | Bizjournals.com
Northern Kentucky hotel mogul Bill Yung stands to lose more than $500 million from the bankruptcy of Tropicana Entertainment LLC, which is relocating its headquarters to Las Vegas and canceling management-services contracts worth more than $1 million a year with Yung’s hotel company, Columbia Sussex Corp.
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An Atlanta lender wants to revive a $140 million retail center project in south Orlando that stalled just four months after breaking ground in January.
Bankruptcy News - Bankruptcy News Headlines | Bizjournals.com
The housing market woes claimed another Central Florida homebuilder -- Minneola-based Southern Luxury Homebuilders Inc. -- which filed for Chapter 7 bankruptcy liquidation on July 31.
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Two financially strapped homebuilders who late last year halted work at several Lake County subdivisions appear close to selling off those holdings. (LEV)
Bankruptcy News - Bankruptcy News Headlines | Bizjournals.com
NetSpend Corp. this month filed a lawsuit against MPower Labs Inc., alleging the competitor took confidential information, trade secrets and employees.
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Two days before John Steffen held a holiday party in the ballroom of the Missouri Athletic Club last December, he was scouring for loans to keep his development company afloat.
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J-C Hauling Co., a Metro East trucking company that transports building materials, has sunk into bankruptcy again two years after emerging from it.
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A Silver Spring woman who defaulted on a subprime loan has been awarded $1.25 million in damages from her lender, Wells Fargo Bank N.A. The borrower, Kimberly Thomas, was awarded $250,000 in damages and $1 million in punitive damages in Montgomery County Circuit Court July 31. A six-member jury convicted Wells Fargo of fraud, negligence and other charges for inflating Thomas’ income and assets on her mortgage application, and locking her into a bigger loan than she had applied for — one she couldn’t afford.
Bankruptcy News - Bankruptcy News Headlines | Bizjournals.com
Sales of new boats in Washington have sunk more than 40 percent this season, thanks to a soft economy that has consumers thinking twice about committing tens of thousands of dollars for a recreational watercraft.
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A local motorcycle dealership this week purchased the eastside Fox Collision body shop out of bankruptcy.
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Former Baltimore nonprofit executive Alan Fabian, who pleaded guilty to fraud and tax evasion charges in May, has agreed to allow the U.S. Marshals Service to sell a North Carolina beachfront lot that his family controls.
Bankruptcy News - Bankruptcy News Headlines | Bizjournals.com
Payday loan services are a trap to some and a savior to others.
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With the four-month-old bankruptcy case for fallen real estate developer Scott Fergus entering its final stage, it’s becoming increasingly clear that most of his creditors will be left empty-handed.
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Print company heir Harry Richard Quadracci filed a personal Chapter 11 bankruptcy this week in U.S. Bankruptcy Court in West Palm Beach, Fla.
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Ten months after the owner of the Westwood Golf Club filed for Chapter 11 bankruptcy protection, there is an agreement of sale for the property.
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A Coraopolis manufacturer of customized display cases for retailers has filed for Chapter 11 bankruptcy protection after a bank attempted to seize the company’s machinery to pay off a debt, attorney Robert Lampl said.
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Less than one month after a judge freed Christopher Koob from his personal debts in U.S. Bankruptcy Court in Milwaukee, the beleaguered single-family home builder has filed a Chapter 7 petition on behalf of his five-year-old Tailor Made Homes LLC.
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The Colorado businessman who bought the Pittsburgh Renaissance Festival out of bankruptcy in 2007 said he is expecting a 20 percent increase in both attendance and revenue for the six-weekend run beginning Aug. 23.
Bankruptcy News - Bankruptcy News Headlines | Bizjournals.com
TAMPA — The swooning economy is providing lucrative opportunities for some law practices, especially those focused on debt collection activity.
Bankruptcy News - Bankruptcy News Headlines | Bizjournals.com
A lawsuit over up to $800 million is now hanging over the largest homebuilder bankruptcy in Florida.
Bankruptcy News - Bankruptcy News Headlines | Bizjournals.com
TAMPA — After nine consecutive years of growth, tortilla manufacturer La Bonita Ole is seeking to reorganize under Chapter 11 bankruptcy protection.
Bankruptcy News - Bankruptcy News Headlines | Bizjournals.com
A once-tiny Rhode Island bank now holds nearly $500 million of risky student loans that it can’t sell, thanks to a finance maneuver engineered by its parent company, First Marblehead Corp. of Boston.
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Oregon’s largest assisted living operator is teetering on the edge of bankruptcy, threatening upheaval for thousands of senior citizens and potentially leaving company investors empty-handed.
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The developer of The International Village at Chamblee has declared bankruptcy, but is hopeful the $145 million project will still be built.
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The major produce supplier for Bennigan’s Grill & Tavern and Steak & Ale cut off distribution about six weeks before their parent company filed for bankruptcy.
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