Chapter 11, Chapter 13 Bankruptcy. Legal news and articles for January 20 - 20, 2012

Local HomeTown Buffet closesBankruptcy may be best option, CEO of troubled Memphis-based Pinnacle Airlines ...Pinnacle's CEO Warns of Chapter 11 Amid Worsening FinancialsStanford Investors Endure 'Living Hell' on Eve of TrialSOUTHGATE: Old Country Buffet closes, company files bankruptcyControversial sewer line firm liquidated in bankruptcyFriendly's to offer free FribblesGerman drugstore chain to file for bankruptcy protectionUncertain future for Kodak in days aheadDeals of the Day: Meet the FBI Agent Who 'Flips' Insider-Trading WitnessesHostess, Kodak, AES Eastern, Lehman, QualTeq: BankruptcyKodak files for bankruptcy, Cuomo explains the convention center and the ...Do you marry someone who has big debt?NutraCea Makes Final Payments Under Plan of ReorganizationGM back on top 2 years after bankruptcy

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AES files for bankruptcy; sale possible
Niagara GazetteJanuary 1, 2012

By Bill Wolcott bill.wolcott@niagara-gazette.com Niagara Gazette NIAGARA FALLS — AES Eastern Energy LP, which controls AES Somerset, has filed for Chapter 11 bankruptcy protection, Supervisor-elect Dan Engert learned Friday. AES Somerset, a coal-fired ...more »

Zimmerman regards appellate law, opens law firm
KSL-TVJanuary 2, 2012

Booher has a Ph.D. in philosophy in addition to his law degree and always planned to teach. But Zimmerman said Booher has been the most appellate-oriented, going straight into appeals after obtaining his law degree. "I like doing everything, bankruptcy...more »

Chapter 11, Chapter 13 Bankruptcy. News and Stories

Local HomeTown Buffet closes
Providence Eyewitness NewsJanuary 20, 2012

By Matt Smith It marks the second time in four years that the company has filed for bankruptcy protection. The HomeTown Buffet is located on Bald Hill Road in the same plaza as Target and TJ Maxx. Reports claim the company is closing 81 HomeTown Buffet ...more »

Bankruptcy may be best option, CEO of troubled Memphis-based Pinnacle Airlines ...
Memphis Commercial AppealJanuary 20, 2012

s chief outlined efforts to stop the company's bleeding but said Chapter 11 bankruptcy may be the best solution. President and CEO Sean Menke didn't say how negotiations were going with labor unions, suppliers, lenders and mainline airline partners, ...more »

Pinnacle's CEO Warns of Chapter 11 Amid Worsening Financials
BloombergJanuary 20, 2012

Menke's warning of a possible Chapter 11 filing followed Memphis, Tennessee-based Pinnacle's hiring of advisers including Seabury Group LLC last year to review its business plan and rework debts. The CEO said in December that 2012 would be “extremely ...more »

Stanford Investors Endure 'Living Hell' on Eve of Trial
BusinessWeekJanuary 20, 2012

The US Securities Investor Protection Corp., or SIPC, had previously taken the position that the Stanford investors weren't covered by its enabling Securities Investor Protection Act. SIPC committed to pay Madoff claimants almost $800 million, ...more »

SOUTHGATE: Old Country Buffet closes, company files bankruptcy
Southgate News HeraldJanuary 20, 2012

By Alan Burdziak The restaurant's parent company, Buffets, Inc., filed for Chapter 11 bankruptcy protection, according to a statement. The shuttering of the restaurant leaves another address in the Southgate Shopping Center at Eureka and Trenton roads ...more »

Controversial sewer line firm liquidated in bankruptcy
Pittsburgh Post GazetteJanuary 20, 2012

Several plumbers had filed mechanics liens against the owners of homes at which they'd done work at ULS's behest, but those will be voided as part of the settlement. "While we aren't turning water and sewer lines into wine, we are completing a plan ...more »

Friendly's to offer free Fribbles
Boston HeraldJanuary 20, 2012

By Ira Kantor Despite a Chapter 11 bankruptcy shake-up that shuttered 30 of its Bay State locations last October, Friendly's plans to soften the situation by offering customers free Fribbles tomorrow to say thanks for 76 years of support and loyalty. ...more »

German drugstore chain to file for bankruptcy protection
Deutsche WelleJanuary 20, 2012

Schlecker, Germany's biggest drugstore chain, has said it plans to file for bankruptcy protection, after talks on fresh financing have failed. Stores are to remain open for the time being, the company has said. German drugstore chain Schlecker said ...more »

Uncertain future for Kodak in days ahead
Rochester Democrat and ChronicleJanuary 20, 2012

Eastman Kodak Co., running short of cash and having no real alternatives, has filed for protection from its creditors under Chapter 11 of the US Bankruptcy Code. Although much work remains to be done, the track record for companies emerging from ...more »

Deals of the Day: Meet the FBI Agent Who 'Flips' Insider-Trading Witnesses
Wall Street Journal (blog)January 20, 2012

Legal mergers: Business is slow. Clients demand discounts. And top partners are being poached by rivals. For many law firms, these factors have created a stark choice: Merge or die. [WSJ] Related: Pinsent Masons, the UK's 16th-biggest law firm by ...more »

Hostess, Kodak, AES Eastern, Lehman, QualTeq: Bankruptcy
BusinessWeekJanuary 20, 2012

The case is Lyondell Chemical Co., 09-10023, US Bankruptcy Court, Southern District of New York (Manhattan). The Las Vegas Mobster Experience, claiming to have the “world's largest collection of organized crime artifacts,” confirmed a Chapter 11 plan ...more »

Kodak files for bankruptcy, Cuomo explains the convention center and the ...
Capital New YorkJanuary 20, 2012

By Azi Paybarah The bankruptcy filing yesterday by Kodak, the iconic photography company based in Rochester, takes over the entire front page of the local newspaper. There's been an outpouring of supportive statements from elected officials saying ...more »

Do you marry someone who has big debt?
CreditCards.comJanuary 20, 2012

I filed for a Chapter 7 bankruptcy two years ago, but now I have no new or old debt and am on the right track. My boyfriend has a great career and makes about $80000 a year. We live together, and he is responsible with his bills. ...more »

NutraCea Makes Final Payments Under Plan of Reorganization
MarketWatch (press release)January 20, 2012

I want to offer special thanks to Cary Forrester, bankruptcy counsel who represented NutraCea throughout the proceedings, for his guidance and wise counsel in guiding us through this complex process." The Company's bankruptcy counsel, S. Cary Forrester ...more »

GM back on top 2 years after bankruptcy
CBC.caJanuary 20, 2012

General Motors has reclaimed the title of the world's top-selling automaker. It sold more than nine million vehicles last year, up eight per cent from 2010. That beat Toyota, which took the crown away from GM in 2008. Toyota sold 7.9 million vehicles ...more »

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