BANKRUPTCY RECOVERY
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Interstate Bakeries creditors trust reaches $56M settlement
Posted in February 8th, 2010
A federal judge has approved a $56 million settlement involving the former treasurer of Interstate Bakeries Corp.
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Issa building sold — no, not the Statler
Posted in February 8th, 2010
A prominent downtown building that had been owned by British investor Bashar Issa has been sold.
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Plaza condo association suing Orlando Utilities Commission
Posted in February 8th, 2010
The association representing office condo and retail space owners at downtown Orlando’s The Plaza filed a suit in Orange County Circuit Court Jan. 29 to stop Orlando Utilities Commission from turning off the system that cools the mixed-use complex.
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Dynetech to file reorganization plan this month
Posted in February 8th, 2010
Dynetech Corp.’s parent company, Telligenix Corp., said it will file a bankruptcy reorganization plan within two weeks, revealing how the firm plans to save itself.
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Even law firms face legal difficulties in big layoffs
Posted in February 8th, 2010
As a prominent West Coast law firm, Heller Ehrman LLP helped its corporate clients deal with a range of matters, including prickly labor and employment issues.
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MediaNews: Bankruptcy plan to have little impact on NM pubs
Posted in February 8th, 2010
It seems like a huge amount of debt – $179 million. But it’s a lot less than $930 million, and it’s quite manageable for a large company.
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New-look Muzak regroups as three-pronged business
Posted in February 8th, 2010
Muzak Holdings, having restructured its debt in U.S. Bankruptcy Court, has reorganized its business lines into three divisions. It also is creating a new executive post to spearhead its sales and customer service.
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Failed Charlotte condo project has new ownership
Posted in February 8th, 2010
A Charlotte investment company has acquired the rights to build a tower at the site of the failed 210 Trade condo project atop uptown’s EpiCentre complex.
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Giant Eagle debuting discount chain
Posted in February 8th, 2010
Giant Eagle Inc. is bringing its Valu King discount grocery stores to Central Ohio.
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Downsized Crescent Resources eyes profit in 2011
Posted in February 8th, 2010
Crescent Resources expects to turn a profit again in 2011, but the company’s restructured balance sheet will reflect a dramatic decline in real estate values.
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