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Fewer bankruptcies in WNY
Bankruptcy filings in the Western District of New York state fell for the September period by 6 percent compared to a year ago. Through the first nine months of the 2011, filings declined by 18.6 percent. That's according to compilations released by
Updated: 10/07/2011 10:18A
DUNE ENERGY, INC. : Announces Financial Restructuring Plan
As an alternative to the out-of-court exchange offer, Dune has also agreed in the support agreements to solicit consents from its noteholders to approve a prepackaged plan of reorganization in a bankruptcy proceeding (the "prepackaged plan").
Updated: 10/07/2011 10:11A
Philadelphia Orchestra, union strike accord
With representatives from the American Federation of Musicians Local 77, the Orchestra said the two sides have agreed on “principal economic terms,” though it is subject to approval by the musicians, the Orchestra board and US Bankruptcy Court.
Updated: 10/07/2011 10:07A
Tidbits from Casa Gallardo, the Food Truck Scene and More
Here are a few more items that we've come across this week: - Real Mex Restaurants Inc., the parent company of Casa Gallardo and Chevy's Fresh Mex, has filed for bankruptcy, the St. Louis Business Journal reports. The California-based company claims to
Updated: 10/07/2011 10:07A
Most say Kodak is important to the local economy's future
Kodak's stock plunged Friday after published reports said the company was considering bankruptcy. It has been a roller coaster ride since. Kodak stock lost more than half its value on Friday but regained most of that ground Monday.
Updated: 10/07/2011 09:47A
Restaurant bankruptcies: Friendly's, Real Mex and Chef Solutions file Chapter 11
On October 4, 2011, Real Mex Restaurants and Chef Solutions Holdings filed for bankruptcy relief in Delaware under Chapter 11 of the Bankruptcy Code. The very next day, Friendly's Ice Cream, known for its old-style East Coast ice cream parlors and
Updated: 10/07/2011 09:44A
Loan program official linked to Solyndra departs
Silver was in charge of the program that awarded a $535 loan guarantee to Fremont-based solar company Solyndra LLC , which filed for bankruptcy protection and laid off 1100 employees. Silver is a former venture capital investors and was "appointed
Updated: 10/07/2011 09:38A
Madoff, WaMu, Lehman, Inspirada, Point Blank: Bankruptcy
Hudson Healthcare Inc., the non-profit operator of the Hoboken University Medical Center in Hoboken, New Jersey, negotiated a settlement among the Hoboken hospital authority, the official creditors' committee, and the City of Hoboken to permit sale of
Updated: 10/07/2011 09:33A
Dune Energy, Inc. Announces Financial Restructuring Plan
As an alternative to the out-of-court exchange offer, Dune has also agreed in the support agreements to solicit consents from its noteholders to approve a prepackaged plan of reorganization in a bankruptcy proceeding (the "prepackaged plan").
Updated: 10/07/2011 09:31A
Bankruptcy application filed at Sofia City Court for Alma Tour Fly
to draw up a plan to deal with Alma Tour's debts. The company's previous management have remained uncontactable, their mobile phones switched off, Bulgarian National Television said. Bankruptcy application filed at Sofia City Court for Alma Tour Fly.
Updated: 10/07/2011 09:29A
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