Business Bankruptcy Filings Are Down Substantially

It appears that businesses are not filing bankruptcy at a pace that was predicted earlier this year, after Kodak and Hostess filed their bankruptcy cases, and following AMR‘s fourth quarter filing in 2011.  See Where Are the Tidal Waves of Chapter 11 Bankruptcies and Where Are the Bankruptcy Filings (Part II).  Indeed, in May 2012, the American […]

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Reddy Ice to Exit Bankruptcy

On May 18, 2012, the Bankruptcy Court for the Northern District of Texas confirmed Reddy Ice’s chapter 11 plan, paving the way for the Company to exit bankruptcy.  The Company announced that it would be prepared to exit bankruptcy in the next week or so.  Reddy Ice filed for chapter 11 bankruptcy on April 12 […]

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Leading Ice Company Trying to Expand while in Bankruptcy

On April 12, 2012, Reddy Ice filed for chapter 11 bankruptcy in the Northern District of Texas, revealing that it has secured $70 million in debtor-in-posssion financing, which will allow the Company to pay for operating and restructuring costs during its bankruptcy case.  Reddy Ice is the largest manufacturer and distributor of packaged ice in the United States. […]

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