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Bankruptcy

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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.
BUSINESS
November 11, 2010 | By Diane Mastrull, Inquirer Staff Writer
Chemtura Corp., a Philadelphia-based maker of specialty chemicals, has emerged from Chapter 11 bankruptcy reorganization and expects to have its stock once again trading on the New York Stock Exchange, starting Thursday. Under a plan approved Nov. 3 by the U.S. Bankruptcy Court for the Southern District of New York, Chemtura, formed in 2005, said it would satisfy creditors' claims in cash and/or common stock through $750 million in pre-funded exit financing that has been held in escrow.
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.
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BUSINESS
September 20, 2016
James E. Parrish and Audrey M. Parrish, formerly known as Audrey M. Lehman, formerly doing business as Audrey Parrish , P.O. Box 371, Willow Street; Chapter 7l no schedules available. Gonzalo Patino, also known as First Last and Ivonne Patino , doing business as Mini Mart, 26 Myrtle Lane, Levittown; Chapter 13; no schedules available. Kaleah M. Washington, doing business as Kahleahs Family Child Care , 5425 Saul St., Philadelphia; Chapter 7; no schedules available. Angela Tavia Germany, also known as Angela Germany, doing business as Angie Family Daycare, doing business as Children of Purpose, L.L.C.
BUSINESS
July 18, 2016 | By Jane M. Von Bergen, Staff Writer
Patricia "Trish" Wellenbach, 59, leads a children's museum, but the financial situation the Please Touch Museum found itself in last year was not child's play. Driven into bankruptcy trying to cover costs incurred in its 2008 move from Center City to Memorial Hall in Fairmount Park, the museum owed $60 million. To shed the debt and exit bankruptcy, the museum paid $11.25 million, raising $5.75 million from donors, with a $3.25 million gift from an anonymous donor, and the rest from a 2006 bond sale.
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