Bankruptcy Filings

Leading Beef Processing Company Files Bankruptcy

AFA Foods, Inc., a leading ground beef processing company out of Pennsylvania, filed chapter 11 bankruptcy in Delaware on April 2, 2012. Its bankruptcy case is consolidated in Case No. 12-11127, which includes the cases of its affiliates. AFA is… Read More ›

Fort Worth O&G Independent Files Bankruptcy

On March 7, 2012, Cano Petroleum, a Forth Worth–based, independent oil and gas company filed chapter 11 bankruptcy in Dallas. The Company announced that the cause was its continued losses and loan defaults, rendering it unable to raise capital and… Read More ›

Leading Baby Stroller Company Liquidating

Connecticut–based Maclaren USA, which produced the Maclaren-line of baby strollers, at one time, saw its fair share of the toddler-toting industry. After a list of babies losing their fingers and related suits had accumulated, however, a mass recall of strollers… Read More ›

Liquidation of Broker-Dealer Related to 8th Largest Bankruptcy

On October 31, 2011, MF Global Holdings Ltd. filed the eigth largest chapter 11 bankruptcy in U.S. History.  MF Global, Inc. was the broker-dealer unit of MF Global Holdings, Ltd. and, by law, could not legally file for bankruptcy or even be included… Read More ›

Where Are the Bankruptcy Filings (Part II)?

The 4th quarter of 2011 was the quarter of massive bankruptcies. A variety of economic pressures, such as decreased demand, the impact of rising commodity prices, and concern over the Euro zone contagion, became too much for even some of… Read More ›

Where Are The Tidal Wave of Chapter 11 Bankruptcies?

Three years after the collapse of Lehman Brothers started a tidal wave of bankruptcies, corporate filings have been down.  But, there is reason to believe that corporate bankruptcies may pick up again, with some big name companies struggling or having recently… Read More ›