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Content Tagged As bankruptcy

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  • Gawker Media files for Chapter 11 bankruptcy protection

    June 10, 2016 2:56 PM

    NEW YORK - Gawker Media has filed for Chapter 11 bankruptcy protection, about three months after pro wrestler Hulk Hogan won a $140 million lawsuit against the online gossip and news publisher. The New York company says in the filing that it has as much as $500 million in... more »
  • Aeropostale, one-time mall king, seeks bankruptcy protection

    May 4, 2016 10:10 AM

    NEW YORK - Aeropostale, once the vibrant epicenter of the U.S. mall scene, is seeking Chapter 11 bankruptcy protection. The New York company said Wednesday that it is closing 113 of its 739 U.S. stores and all 41 locations in Canada. Going-out-of-business sales at those U.S. stores will begin... more »
  • 50 Cent arrives in court to explain cash piles

    March 9, 2016 4:32 AM

    HARTFORD, CT - Rapper 50 Cent has arrived at a Connecticut courthouse to explain photos of him with piles of cash to the judge in his bankruptcy case. Judge Ann Nevins ordered the rapper, whose name is Curtis Jackson III, to appear at a hearing in U.S. Bankruptcy Court... more »
  • Movement in the RadioShack bankruptcy

    August 26, 2015 9:11 PM

    WILMINGTON, NORTH CAROLINA- RadioShack says it reached a tentative settlement in treatment over gift cards in the company's bankruptcy case. Holders of roughly a third of the $46 million in outstanding gift cards would receive priority status and be paid in full. Other gift card holders would be paid... more »
  • 50 Cent's bankruptcy papers show 7 cars, businesses in red

    August 4, 2015 12:11 PM

    HARTFORD, CT - Rapper 50 Cent says in a Connecticut bankruptcy filing that he owns seven cars valued at more than $500,000, including a 2010 Rolls Royce and a 1966 Chevrolet Coupe. His Farmington property is his most valuable property. It's listed in papers filed Monday at nearly $8.3 million.... more »
  • LSU exploring bankruptcy options, not there yet

    April 24, 2015 11:27 AM

    BATON ROUGE - An LSU spokesperson said Friday that LSU has taken several steps to prepare for the possible budget fallout from the legislative session, but they've not actually taken the step of filing for academic bankruptcy yet. LSU released a statement from LSU Board Chair Ann Duplessis to... more »
  • RadioShack files for Ch. 11 bankruptcy protection

    February 5, 2015 4:31 PM

    NEW YORK - Struggling electronics retailer RadioShack has filed for Chapter 11 bankruptcy protection and says it will sell up to 2,400 stores. The Fort Worth, Texas company has suffered from years of losses. RadioShack Corp. introduced the first mass-market personal computer and used to be the go-to stop for... more »
  • SkyMall files for bankruptcy

    January 23, 2015 4:09 PM

    NEW YORK - Apparently, airline passengers aren't buying enough garden gnomes, superhero pajamas and heated cat shelters. SkyMall has filed for bankruptcy. The quirky in-flight shopping catalog has been a mainstay on airlines for more than three decades. Passengers with nowhere to go would pull it from the seatback and... more »
  • Detroit's elected officials regain control of city

    September 26, 2014 2:12 AM

    DETROIT, MI - The day-to-day operations of Detroit's city government are back in the hands of its elected mayor and City Council. State-appointed emergency manager Kevyn Orr said Thursday that "the city is more than ready" before signing Order 42. The measure puts the nine-member council and Mayor Mike Duggan... more »
  • Kodak out of bankruptcy

    September 3, 2013 7:40 PM

    ROCHESTER, NEW YORK- An icon of American business is out of bankruptcy and Kodak now says its a new commercial imaging company serving business markets like packaging and graphics. The chairman and CEO says Kodak is on track for profitable growth. Kodak says its old stock is canceled as of... more »
  • Hostess sale of Wonder bread nears completion

    February 27, 2013 11:02 AM

    NEW YORK- Wonder bread is one step closer to getting a new owner. A person familiar with the situation who requested anonymity because the auction process is private says there will be no competing offers Thursday to a bid by Flowers Foods to buy several bread brands from Hostess. The... more »
  • Hawker Beechcraft says its closer to getting out of bankruptcy

    January 25, 2013 7:47 PM

    A company Louisiana tried to lure to Baton Rouge says its proposed bankruptcy reorganization plan is backed by key creditors. Aircraft manufacturer Hawker Beechcraft says that moves the company closer to exiting bankruptcy and It goes to court next week to seek approval to emerge from Chapter 11 next month.... more »

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