A judge has given bankrupt Global Home Products LLC more time to use its cash collateral to secure a lender’s claim, allowing it to avoid the expenses of negotiating a new credit agreement with different lenders.
The committee of unsecured creditors has asked a bankruptcy court to allow it to challenge certain liens in the Chapter 11 case of Calpine Corp.
Putting an end to a 444-day strike, mechanics at beleaguered Northwest Airlines have agreed to accept a settlement offer with the carrier, the union representing Northwest's mechanics and technicians said Monday.
The creditors of beleaguered Eurotunnel PLC are reportedly debating whether forcing the company into liquidation would be the best way to recoup money from the bankrupt channel operator.
Foamex International Inc. sued its senior noteholders Friday to stop them from demanding more than the $312 million they are already scheduled to receive as part of the foam product maker’s amended reorganization plan.
Arguing that it has already given Adelphia Communication Corp. all necessary documents, Lucent Technologies Inc. is fighting to keep the bankrupt telecommunications company away from e-mails and documents kept private under attorney-client privileges.
The New York Racing Association Inc., which sought bankruptcy protection Thursday, has asked the court to grant a $50 million debtor-in-possession loan as it works to continue operating the state’s three thoroughbred racetracks.
Shareholders of bankrupt tool maker Global Power Equipment Group Inc. will soon have a louder voice in the company’s Chapter 11 proceedings, after the U.S. Trustee involved in the case agreed to appoint an official shareholders committee.
JPMorgan Chase Bank NA has filed a statement telling the federal bankruptcy court overseeing Adelphia Communications Corp.’s Chapter 11 case that Adelphia’s reorganization plan must be clarified.
With Tower Records currently in liquidation mode, lawyers for the beleaguered music chain have asked a bankruptcy judge to cut ties with founder Russell Solomon, the empire’s head for more than four decades.
The federal bankruptcy judge overseeing Delta Air Lines Inc.’s bankruptcy proceedings has granted the debtors’ request to extend the periods during which Delta has exclusive rights to file and solicit support for its plan of reorganization.
After months of wrangling, one of the banks that financed Enron Corp. has reached an agreement with the beleaguered energy giant to settle litigation stemming from the company’s collapse.
As short-term mortgage lender USA Commercial Mortgage Co. gears up for an auction, a Nevada judge has approved bidding procedures and set an auction date, but tossed a U.S. Trustee's attempt to convert the Chapter 11 case to a Chapter 7 liquidation.
The bankruptcy judge in Refco Inc.’s Chapter 11 case has granted a motion seeking the appointment of a consumer privacy ombudsman, bringing the bankrupt commodities brokerage a step closer to selling off a list of Refco F/X Associates' foreign exchange customers.
Trimming surplus fat off of Silicon Graphics Inc.’s recent emergence from bankruptcy, a federal judge on Wednesday granted the company’s requests to eliminate invalid claims and reduce excessive ones.
As EG Liquidating Co. Ltd. takes steps toward winding down, the city of Waco has raised objections to the gardening company’s first amended joint plan of liquidation.
A Manhattan bankruptcy court has expunged hundreds of claims against Calpine Corp., relieving the embattled energy provider of potentially billions of dollars in liabilities.
Bankrupt snack cake maker Interstate Bakeries Corporation said Thursday that it had agreed to settle an investigation brought by the U.S. Securities and Exchange Commission over its workers compensation reserves.
A former account manager at bankrupt real estate company NJ Affordable Homes Corp. has pled guilty to submitting fake loan documents in a bid to help the beleaguered company obtain mortgages as part of a Ponzi scheme that netted more than $40 million from investors.
With the deadline set by the Paris Commercial Court finally reached, beleaguered channel operator Eurotunnel has shipped off its restructuring plan proposal to creditors after months of negotiation.