CollectionsBankruptcy
IN THE NEWS

Bankruptcy

FEATURED ARTICLES
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.
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
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
BUSINESS
August 16, 2016
Dowling's Palace Inc., 1310 N. Broad St., Philadelphia; Chapter 11; no schedules available. Allcare Dental Group L.L.C., 90 Wood Dr., Southampton; Chapter 7; no schedules available. Thomas Edward Messina, formerly doing business as T.M. Appliance Sales Inc. and Donna Marie Messina , 1815 Jericho Dr., Warrington; Chapter 7; no schedules available. Total Comm Systems Inc. , 2480 Durham Rd., Unit A, Bristol; Chapter 11; no schedules available. Metropolitan Steel Industries Inc. , 16-15510; no schedules available.
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.
BUSINESS
June 18, 2016 | By Suzette Parmley, Staff Writer
The final buzzers will begin sounding for Sports Authority on Sunday as its Cherry Hill sporting-goods store closes for good. Other Sports Authority stores will soon follow. The one in Langhorne, Bucks County, on East Lincoln Highway, will close sometime in August. The retailer's predicament reflects the broader trend of bricks-and-mortar stores struggling against the migration of shoppers to the internet. Competitive sports may be cutthroat, but sports retailing is too, experts say. "Sports Authority had seriously large debt issues, but their bigger problem was not adapting and separating themselves from the other big-box retailers like Dick's," said Mark Torres of the Play It Again Sports chain in Deptford, about 12 miles from the Cherry Hill Sports Authority store.
1 | 2 | 3 | 4 | 5 | Next »
|
|
|
|
|