Ritz 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 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 […]
Read MoreStockton, California has filed for Chapter 9 protection, making it the largest American city ever to declare bankruptcy. The filing comes after officials were unable to reach a deal with the city’s creditors to restructure hundreds of millions of dollars of debt under a new state law designed to help municipalities avoid bankruptcy. A detailed […]
Read MoreYesterday, Houghton Mifflin Harcourt Publishing Company and its affiliates (HMH), the leading provider of educational material to the elementary and secondary school market in the United States, filed bankruptcy in the Southern District of New York. The consolidated cases are docketed under Case No. 12-12171. The Company, which has published authors such as Mark Twain and J.R.R. Tolkien, sought […]
Read MoreConnexion Technologies, a real estate and telecommunications company out of North Carolina, filed for chapter 11 bankruptcy April 26, 2012, with the intention to sell itself after DirecTV Group Inc. (DTV) terminated its contracts with the Company, pushing the already cash-depleted Company over the edge. Connexion filed for bankruptcy along with 11 subsidiaries, including […]
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