by Paula Greenway | Jul 1, 2010 | Alabama Bankruptcy, Bankruptcy Filing, Bankruptcy Law, Birmingham Bankruptcy, Greenway Bankruptcy Law
Al.com reports that “bankrupt Bessemer Funeral Home will be sold to a new company that has promised to honor all burial contracts, according to testimony at a court hearing Wednesday.”The company’s old owner, Elizabeth Anne Modder Wallace, formed a new company to buy...
by Paula Greenway | Jun 23, 2010 | Celebrity Bankruptcy Filings, Chapter 11 Bankruptcy
The Texas Rangers’ reorganization plan was challenged in bankruptcy court earlier this week. According to court reports, a bankruptcy judge said that while the lenders cannot veto a sale they do have a say in the sale process.As a result of the ruling, the current...
by Paula Greenway | Jun 16, 2010 | Chapter 11 Bankruptcy, Greenway Bankruptcy Law
Corus Bankshares Inc. filed for Chapter 11 bankruptcy earlier this week. According to court reports, the case was filed in the Northern District of Illinois Bankruptcy Court.Corus Bankshares Inc. was a holding company that had its bank transferred to MB Financial Inc....
by Paula Greenway | Jun 10, 2010 | Chapter 11 Bankruptcy
Pacific Ethanol subsidiaries will emerge from bankruptcy. According to court reports, the subsidiaries of Pacific Ethanol, Inc. will reorganize as Pacific Ethanol Holding Co., LLC.The reorganization plan was approved by the firms’ secured lenders. The plan will...
by Paula Greenway | Jun 3, 2010 | Chapter 11 Bankruptcy
Midway Games continued its liquidating Chapter 11 plan this past week. According to court reports, the company’s creditors’ committee agreed to settle claims against the company’s owner Summer Redstone.The settlement will likely allow unsecured creditors to recover 25...
