CollectionsBankruptcy
IN THE NEWS

Bankruptcy

FEATURED ARTICLES
BUSINESS
November 22, 1995 | By Julie Stoiber, INQUIRER STAFF WRITER
Loyal buyers of Reisman pretzels need not worry: Although J. Reisman & Sons Inc., of Pennsauken, has filed for Chapter 11 bankruptcy, its pips, twists, rings, rods and minis won't disappear from store shelves. The family-owned company, which has been making pretzels for more than 75 years, received approval yesterday from U.S. Bankruptcy Judge Gloria M. Burns in Camden to use future receivables to keep the company rolling. "From what I understand, it's business as usual," said Arthur J. Abramowitz, a Cherry Hill lawyer who is representing the company in the bankruptcy proceedings.
NEWS
September 27, 2011
WILMINGTON - The Roman Catholic Diocese of Wilmington has emerged from bankruptcy with the funding of a $77.4 million trust for victims of priest sex abuse. Attorneys told a Delaware bankruptcy judge that a check deposit and wire transfers had been made in compliance with Monday's deadline for funding of the trust. Under the diocese's reorganization plan, about 150 alleged abuse victims will share proceeds of the trust in return for releasing all legal claims against the diocese, its parishes, and affiliated entities.
NEWS
August 5, 2009 | By CHRISTINE OLLEY, olleyc@phillynews.com 215-854-5184
The bankruptcy proceedings involving the owner of the Daily News and Inquirer have been assigned to a new judge, according to a filing made yesterday in federal bankruptcy court. Judge Jean K. FitzSimon had been handling the case since the company filed for Chapter 11 bankruptcy protection in February. Stephen Raslavich, chief judge of the Eastern District of Pennsylvania's U.S. Bankruptcy Court, will now preside over the case, according to the filing. Sources said that they believe that the case was reassigned because FitzSimon had health issues.
NEWS
October 3, 1991 | By Michael L. Rozansky, Inquirer Staff Writer
A federal bankruptcy judge yesterday approved an unusual reorganization plan for Suburban Furniture Galleries, a Cheltenham store that shut its doors last fall after taking thousands of dollars in deposits from consumers. The Chapter 11 plan was written by lawyers for customers who contended that they had been ripped off by the store and was designed to maximize the money returned to the consumers. The plan sailed through without discussion. "I think it's a done deal," said U.S. Bankruptcy Court Judge David I. Scholl.
BUSINESS
February 5, 1991 | From Inquirer Wire Services
The troubled retail sector suffered another blow yesterday when Hills Department Stores Inc., the nation's fifth-largest discount chain, filed for bankruptcy court protection. The announcement came a month after Hills, of Canton, Mass., said it would close 28 of its 214 stores as part of a restructuring that would cost the company $125 million. Hills stock fell 12.5 cents a share to 62.5 cents yesterday in New York Stock Exchange trading. A Hills statement said the company's operations continued to be profitable, but "the burden of its interest and debt-repayment obligations requires the restructuring of its balance sheet.
1 | 2 | 3 | 4 | 5 | Next »
ARTICLES BY DATE
NEWS
January 30, 2016 | By Barbara Boyer, Inquirer Staff Writer
The property and liquor license for the defunct Coastline Bar & Grill, a popular Cherry Hill landmark, is expected to change hands soon after a federal bankruptcy judge approved the sales. According to court records, Judge Andrew B. Altenburg approved the sale of the liquor license for more than $1 million to the Village at Woodcrest, the company that owns and operates the Woodcrest Country Club and golf course, also in Cherry Hill. Altenburg approved the sale of Coastline's property at 1240 Brace Rd. for more than $2.5 million to Orens Development Inc., which builds senior living facilities.
NEWS
January 28, 2016 | By Jonathan Lai, Maddie Hanna and Amy S. Rosenberg, STAFF WRITERS
TRENTON - Back from the campaign trail, Gov. Christie announced a plan Tuesday for the state to take control of Atlantic City's finances. Christie, flanked by Senate President Stephen Sweeney (D., Gloucester) and Atlantic City Mayor Don Guardian at a Statehouse news conference, said "all three of us up here agree" that greater state involvement is needed in Atlantic City, which has been rocked by casino closures. Guardian's presence in Trenton alongside Christie and Sweeney represented a d├ętente in a high-stakes standoff that had state officials threatening a hostile takeover while city officials considered bankruptcy.
BUSINESS
January 26, 2016
Johnny Manana's L.L.C. , 4201 Ridge Ave.; Philadelphia; Chapter 11; no schedules available. Steakhouse Hospitality Associates, I.L.P., Reading; Chapter 7; no schedules available. Baltimore Grill, Inc., formerly known as Tony's Baltimore Grill , 2800 Atlantic Ave., Atlantic City; Chapter 11; no schedules available. Richard T. Hess , 52 Scenic View Dr., Sicklerville; Chapter 7; no schedules available. SOURCE: The Legal Intelligencer; U.S. Bankruptcy Court for the District of New Jersey
NEWS
January 22, 2016 | By Andrew Seidman, TRENTON BUREAU
TRENTON - Atlantic City is considering filing for bankruptcy, Mayor Don Guardian said Wednesday, even though the state is likely to block such a move and is pushing a plan to take control of the local government's finances. Guardian said he planned to hold an emergency meeting of the City Council next week to discuss a possible bankruptcy amid a fiscal crisis. Senate President Stephen Sweeney said that would be reckless and has attacked the city's government as incapable of reining in spending.
NEWS
January 19, 2016 | By Maddie Hanna, Staff Writer
Campaigning in Iowa during the weekend, Gov. Christie wouldn't say whether he supports Senate President Stephen Sweeney's plan for a state takeover of Atlantic City. But he said the local government hadn't done enough to turn around the beleaguered Shore resort's finances. "We now need to get the government under control in Atlantic City," Christie said after a town hall meeting in Fort Dodge. "The government in Atlantic City - and I've said this under the previous mayor, many times, and the current council - they cannot control themselves to do the job the right way," Christie said.
1 | 2 | 3 | 4 | 5 | Next »
|
|
|
|
|