Bankruptcy Types As a distressed company approaches default and previous attempts at restructuring existing debt and other forms of out-of-court workouts have failed, bankruptcy filing emerges as an option. U.S. corporates can seek bankruptcy protection under Chapter 7 or Chapter 11 of the U.S. Bankruptcy Code. Intel was founded in Mountain View, California, in by Gordon E. Moore (known for "Moore's law"), a chemist, and Robert Noyce, a physicist and co-inventor of the integrated circuit. Arthur Rock (investor and venture capitalist) helped them find investors, while Max Palevsky was on the board from an early stage. Moore and Noyce had left Fairchild Semiconductor to found Intel. Source Interlink Files for Bankruptcy, Will Privatize (Update3) April 28 (Bloomberg) -- Source Interlink Cos., the publisher of Motor Trend, Hot Rod and Street Chopper magazines controlled by billionaire Ron Burkle ’s Yucaipa Cos., sought bankruptcy protection as it moves to become a private company. (Tue, 28 Apr GMT).
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Veronis and fellow co-founder John Suhler formed the firm in The company says it has reached an agreement with its lenders to eliminate more than 50 percent of its debt. Longtime president Cathie Black is named chairman. In , the Web generated only 13 percent of subscription sales. According to PIB , a whopping titles increased ad pages during the second quarter.
The three-month period marked the first time in nine quarters that consumer magazines reported gains in both rate card-reported revenue and pages. President Steven Kotok says the print magazine is gearing up to raise its rate base again in from , to , Holiber continues in his role at U. Editor Josh Jackson announces that the music magazine is suspending its print publication. Kenehan , a sheetfed and web printer of digests, catalogs, inserts, books and other special projects. He was Meanwhile, a report from mobile ad network Millennial Media , e-media conference producer DIGIDAY and financial services company Stifel Nicolaus , finds that 31 percent of publishers surveyed expect their applications to increase percent or more in However, the association says several former members returned to the fold over the past year.
Enter your email. Anderson News, LLC v. Justia Opinion Summary The Second Circuit affirmed the district court's grant of summary judgment for defendants in an action alleging that defendants conspired to boycott Anderson and drive it out of business, in violation of section 1 of the Sherman Act.
Download PDF. Justia Legal Resources. Michigan Attorney General Mike Cox has urged chief executives of General Motors and Chrysler to consider filing for bankruptcy in Michigan because it would be more convenient for creditors in Michigan.
Thu, 23 Apr GMT. Chrysler bankruptcy a near guarantee, analyst says Chrysler LLC has a 95 percent probability of entering bankruptcy as time dwindles before next week's deadline to cut debt and complete an alliance with Italy's Fiat SpA, an industry analyst said Wednesday. Statler bankruptcy hearing today U. Bankruptcy Court Judge Carl L. Bucki will hold a hearing today to determine whether the company that operates the Statler Towers building should be forced into bankruptcy.
Quebecor expected to emerge from bankruptcy No jobs lost in Fairfield plant. Quebecor World, a Montreal-based printing company with a plant in Fairfield, is expected in mid-July to come out of bankruptcy protection. But there are increasing signs the company may end up in court anyway. Opus South Corp.
City fights bankruptcy bill Bankruptcy has been described as an unlikely and unpleasant last resort to settle the Beachwood crisis, but Half Moon Bay city leaders want to ensure the option of protection from creditors is available if all else fails. As a result, they are considering formally opposing state legislation that would make Chapter 9 bankruptcy more difficult for municipalities. Auto Retirees Brace for Hardship; Pension Benefits May Suffer in Bankruptcy As the Obama administration prepares to send Chrysler into bankruptcy court, with General Motors possibly to follow, one of the biggest losers may be the automakers' current and future retirees, a group of nearly 1 million people who could see their pensions and health-care funds slashed by tens of billions of dollars.
Fri, 24 Apr GMT. US seeking Chrysler bankruptcy plan: reports The US Treasury is pressing Chrysler to prepare to file for bankruptcy as early as next week, regardless of whether the troubled automaker ties up with Italy's Fiat before an April 30 deadline, US media reported.
Chrysler bankruptcy protection not favored: Clement Canadian Industry Minister Tony Clement said on Thursday that bankruptcy protection is not the preferred option for Chrysler, which the automaker itself has said is a possibility. Clement says Chrysler bankruptcy not best option Canadian Industry Minister Tony Clement said on Friday that bankruptcy protection is not the government's preferred option for Chrysler, although it is a possibility.
Obama Administration Seeks to Keep Chrysler Out of Bankruptcy In a new proposal sent to the Obama administration's auto task force, Chrysler's creditors are offering to further shrink the amount the troubled automaker owes them, but the company and its lenders are still far from an accord that could save it from bankruptcy. Union denies deal on Chrysler bankruptcy The United Auto Workers on Friday dismissed speculation on a deal with the Obama administration for Chrysler to undergo a "quick rinse" bankruptcy that could lead to a merger with Fiat.
AP sources: Chrysler could still avoid bankruptcy With a government-imposed deadline for massive restructuring less than a week away, Chrysler LLC and Treasury Department officials are still holding out hope that they can reach deals to keep the troubled automaker out of bankruptcy court, two people briefed on the talks said Friday. After Steven Good's Jan. Good, without authority, had withdrawn substantial monies from the Sat, 25 Apr GMT. Task Force Refines Bankruptcy Plan for Chrysler The Obama administration's autos task force is racing to complete a bankruptcy plan for Chrysler by Monday after the company's creditors -- a fractious collection of 45 banks, hedge funds and financial firms -- balked at a deal to keep the automaker out of court.
In seeking Chapter 11 protection from its creditors, the company said it hopes to reorganize and that it will continue business as usual. The firm turned to Consumer bankruptcy: A guide Bankruptcy can help free you from crushing debts and provide a fresh start, but if you're not careful and completely honest, you could end up in worse shape.
Here's a look at how it works. As popular as bankruptcy is today, it's nothing new, going at least all the way back to the Bible's Book of Deuteronomy, which simply states: "At the end of every seven years you must cancel debts. Sources: Chrysler could still avoid bankruptcy DETROIT -- With a government-imposed deadline for massive restructuring less than a week away, Chrysler LLC and Treasury Department officials are still holding out hope that they can reach deals to keep the troubled automaker out of bankruptcy court, two people briefed on the talks said Friday.
Sun, 26 Apr GMT. Bankruptcy Proceedings U. Bankruptcy is invisible to mall shoppers The bankruptcy of General Growth Properties, the second-largest owner of shopping malls in the nation, has communities wondering what's next for their local shopping center.
Salem Center is among the many regional malls pulled into a Chapter 11 reorganization by parent company General Growth. Charter faces objections to bankruptcy plan Charter Communications Inc.
Alamance golf course owners file bankruptcy Almost a year after dozens of neighbors filed a class-action suit against the owners of an Alamance County golf course for allegedly violating covenants meant to keep the property as an hole golf course, the owners have filed for bankruptcy. Mon, 27 Apr GMT. State bankruptcy bill is designed to protect labor contracts Having driven the state to the brink of bankruptcy, legislators are now moving to make it more difficult for California's cities and counties to put their shaky fiscal houses in order.
Southaven auto dealer files for bankruptcy A Southaven auto dealership has filed for Chapter 11 bankruptcy. Detroit chases grim bankruptcy pickings Detroit, which could lose a car maker to bankruptcy, hopes to console itself with a big piece of the legal action.
Lawyers Challenge Limits of Bankruptcy Act As the economy tanks and bankruptcy filings soar , bankruptcy lawyers challenging a law's restrictions on how they can assist debtors contend that there is an urgent need for guidance from the nation's highest court.