Recent Posts in chapter 11 Category

Famous Bankruptcies: Donald Trump

"I don't like the 'b' word," Donald Trump said from the witness stand in a New Jersey bankruptcy courtroom in 2010. Oddly enough, it was during the third time that Trump Entertainment Resorts Inc. was ...
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Marie Callender and Perkins Restaurant Chain File Chapter 11 Bankruptcy

The owner of Perkins and Marie Callender restaurant chains filed for bankruptcy on June 13, 2011. Court documents show that the company plans to shutter 65 of its 600 locations and eliminate 2,500 ...
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Battle for Control of Rookwood Pottery Takes a Surprising Turn

Rookwood Corporation filed an involuntary chapter 11 bankruptcy in May, 2011, forced into filing by their creditors. Shareholders voted on June 21, 2011 for a change in leadership and restore former ...
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Vacant Lots Owned by Gas City to be Auctioned by Bankruptcy Court

Gas City, LTD is putting five vacant properties up for auction in June 2011. The company filed for Chapter 11 bankruptcy protection in October of 2010. The properties going for auction range in size ...
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Borders Gains More Time to Handle Its Bankruptcy Case

On June 2, 2011, a bankruptcy judge gave Borders more time to work on organizing its Chapter 11 case. A lawyer for the bookseller said the company hopes to have a plan in place to sell all of the ...
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Industrial Surfacing Corp. of Urbana Files for Chapter 11

Industrial Surfacing Corp. of Urbana, Ill has filed for Chapter 11 bankruptcy protection. The business is a rock surfacing company that works with electrical and petroleum firms to provide drainage ...
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Wisconsin Ethanol Pioneers File Bankruptcy with a Debt Load of $100 Million Plus

Two Wisconsin brothers who pioneered ethanol production in the state now have outstanding debts of over $100 million after their agricultural holdings fell apart. Paul and David Olsen owe money to ...
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