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NewPage Enters Chapter 11 Restructuring Process
The cases are pending in the US Bankruptcy Court for the District of Delaware. The company's Consolidated Water Power Company subsidiary is not part of the filing. Separately, the company's Canadian subsidiary, NewPage Port Hawkesbury Corp.,
Updated: 09/07/2011 02:41P
Bankruptcy protection is Saab's last hope
The Swedish carmaker, which is seeking to stave off its creditors, has filed for bankruptcy protection with a local court. That is intended to buy it time to get more money from Chinese investors in deals which are still awaiting approval from the
Updated: 09/07/2011 02:30P
Court filings outline how mill sale would unfold
On the same day, its parent company NewPage Corp. filed for Chapter 11 bankruptcy protection in the US The Canadian filings include an 88-page affidavit by NPPH president Tor Suther. The plan includes a $25 million transfer from NewPage Corp. to the
Updated: 09/07/2011 02:26P
With NewPage Corp. voluntarily filing for Chapter 11 protection today in US- 1
With NewPage Corp. voluntarily filing for Chapter 11 protection today in US Bankruptcy Court, local community members are reacting to the announcement. The Chapter 11 process will allow the Miamisburg, Ohio-based papermaker to undergo a restructuring
Updated: 09/07/2011 02:22P
Saab drives into bankruptcy
THE owner of cash-strapped carmaker Saab filed for bankruptcy protection yesterday in a last-ditch attempt to salvage a brand crippled by production stoppages, withheld salary payments and mounting debt. Swedish Automobile, formerly known as Spyker
Updated: 09/07/2011 02:20P
Dallas-Fort Worth Economy Falters – Bankruptcies Projected to Increase
Joblessness and foreclosures offer the most dismal numbers despite claims in Washington that the recession has ended and that the economy is in a recovery. Over 12000 job losses in Texas this year alone paints a different picture of the local economy
Updated: 09/07/2011 02:17P
Communities react to NewPage Chapter 11 protection filing
With NewPage Corp. voluntarily filing for Chapter 11 protection today in US Bankruptcy Court, local community members are reacting to the announcement. The Chapter 11 process will allow the Miamisburg, Ohio-based papermaker to undergo a restructuring
Updated: 09/07/2011 02:15P
If Enthusiasm and Optimism Paid Dividends, Saab Would be Thriving
This isn't Ingmar Bergman's “The Seventh Seal,” though one could imagine Victor Muller playing a game of chess with Death to save the life of his company. Everyone from the chairman and CEO on down has a tenacious grip on Saab Automobile.
Updated: 09/07/2011 02:14P
Letter: Advocates worked to protect homeowners
There was a much-publicized issue of SunCor possibly declaring bankruptcy and saddling the homeowners with their share of the CFD bond service debt. This would have effectively doubled the tax burden on the property owners. The Prescott Valley Town
Updated: 09/07/2011 02:12P
Lehman asks US judge for $500 mln Barclays payback
The Lehman bankruptcy in September 2008, with $639 billion in assets, was by far the largest in US history and a major catalyst of the financial crisis. Lehman told a hearing in US Bankruptcy Court in Manhattan that Barclays agreed to pay $2 billion in
Updated: 09/07/2011 02:07P
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