On July 12, 2012, Valence Technology, Inc., a developer and manufacturer of advanced energy storage solutions that is headquartered in Austin, filed for chapter 11 bankruptcy in the Western District of Texas. It has been assigned Case No. 12-11580. Valence is a global leader in the development of patented lithium iron magnesium phosphate advanced energy storage systems, and […]
Read MoreJuly 12 – Dallas. KRLD Radio was interested in American Airline‘s recent announcement that it would start considering merger options with several other airlines; not just US Airways. A portion of the interview is attached to this link: KRLD Interview. Related articles Now American Airlines says it will consider merger (bizjournals.com) Bankrupt American Airlines May […]
Read MoreRitz Camera & Image, the Washington, D.C. based photography retail chain, filed for chapter 11 bankruptcy protection last month for the second time in just 3 years. Founded in 1936, Ritz built a profitable business by selling cameras and then processing film for its consumers. As discussed an earlier submission to this blog, Kodak similarly filed the […]
Read MorePatriot Coal Corp. filed for bankruptcy on Monday, and was the first U.S. coal producer to seek court protection since prices began to plummet as electricity producers turned to cheaper natural gas. The Company and nearly 100 affiliates were part of the chapter 11 filing in the U.S. bankruptcy court in Manhattan. Patriot said it had $3.57 […]
Read MoreIn In re Heritage Highgate, Inc., No. 11-1889 (3d Cir. March 20, 2012), the Third Circuit Court of Appeals recently determined how bankruptcy courts should value collateral retained by a chapter 11 debtor in order to establish the amount of the creditor’s secured claim pursuant to section 506(a) of the Bankruptcy Code. In doing so, the […]
Read MoreDynegy Inc. (DYN: News ) said it filed a voluntary petition to reorganize under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York, Poughkeepsie Division. The Chapter 11 case of Dynegy’s wholly-owned subsidiary, Dynegy Holdings, LLC is pending in the same court. Among other things, the […]
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