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Friendly's entering bankruptcy protection
NEW YORK (AP) -- The parent of the Friendly's restaurant chain filed for Chapter 11 bankruptcy protection on Wednesday and said that it has already closed 63 of its stores. Each store employed about 20 people, so about 1260 jobs were lost.
Updated: 10/05/2011 10:49P
Nashua eatery spared in bankruptcy filing
There were nothing but smiles Wednesday at Friendly's restaurant on Daniel Webster Highway where local customers rejoiced in the news that their favorite eatery was spared from the chopping block after company officials declared bankruptcy.
Updated: 10/05/2011 10:27P
INVESTING: Friendly's bankruptcy chills Realty Income
The bankruptcy filing of Friendly's Ice Cream scooped some earnings from Escondido real estate investment trust Realty Income Corp., the trust said in a statement Wednesday. Friendly's leased 121 properties from Realty Income and provided 3.6 percent
Updated: 10/05/2011 10:09P
Phoenix-area bankruptcy filings continue to drop, but trend could be deceiving
But the eighth straight month of year-over-year improvement has bankruptcy and consumer-finance experts scratching their heads, because it hasn't come against a favorable economic backdrop. "We've seen our own consumer filings down about 20 percent
Updated: 10/05/2011 10:03P
Friendly's not closing Lehigh Valley eateries
Burger and ice cream chain Friendly's filed for Chapter 11 bankruptcy protection on Wednesday and announced the closing dozens of locations as the sluggish economy and slowing consumer spending claimed another restaurant chain. The Wilbraham, Mass.
Updated: 10/05/2011 10:03P
Borders Customers Warned on Bankruptcy ID Transfers
Borders Group Inc. filed for bankruptcy back in July, 2011 and the US Bankruptcy Court approved the sale of Borders' customer information to Barnes & Noble Inc. On October 1, Barnes & Noble sent an e-mail to approximately 45 million Borders customers
Updated: 10/05/2011 10:02P
The Tech Industry Loses One of Its Greatest: Steve Jobs is Dead
If you wondered, after Steve Jobs resigned as CEO just a few short weeks ago how bad his medical condition was, we now know the answer: the man who brought Apple back from the brink of bankruptcy and turned it into the most valuable company in the
Updated: 10/05/2011 09:53P
Editorial | Donation of SSO's sheet music to greatly benefit city, Setnor School
The Syracuse Symphony Orchestra filed chapter seven bankruptcy during its 50th anniversary last spring. The orchestra was millions of dollars in debt and its disbandment creates a massive artistic void in Syracuse. But some hope has risen in the
Updated: 10/05/2011 09:52P
Mayer Brown | Lehman Bankruptcy Court Denies Contractual Right to Three-Party
The Bankruptcy Court for the Southern District of New York has held that a cross-affiliate netting provision in an ISDA swap agreement is unenforceable in bankruptcy. In the SIPA proceedings of Lehman Brothers Inc. (LBI), UBS AG (UBS) sought to offset
Updated: 10/05/2011 09:46P
Milbank, Tweed, Hadley & McCloy LLP | Contractual subrogation in bankruptcy
September 2011 Butterworths Journal of International Banking and Financial Law460 CO N TR AC TU AL S UB RO GA TI ON IN B AN KR UP TC Y AN D TH E RI GH T TO V OT E Feature Contractual subrogation in bankruptcy and the right to vote The US District Court
Updated: 10/05/2011 09:46P
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