The owners of an Alabama landfill filed for bankruptcy Tuesday. According to the bankruptcy filing, Perry Uniontown Ventures LLC and Perry County Associates filed for Chapter 11 bankruptcy protection.The filing comes on the heels of the owners accepting a multimillion...
Chapter 11 Bankruptcy
Alabama’s Colonial BancGroup Soldiers Through Bankruptcy
Alabama’s Colonial BancGroup, the holding company that controlled Colonial Bank, is working its way out of bankruptcy. Colonial was one of three Alabama banks which failed during the recent economic meltdown; when it went under, it had approximately $25 billion in...
Santa Fe Cattle Co. closes restaurants in bankruptcy reorganization plan
Santa Fe Cattle Co. closed three of its restaurants recently, including one in Tuscaloosa. The restaurant chain, which is known for its Southwestern food, filed for Chapter 11 bankruptcy in July.The plan to close some of its restaurants is part of the...
Selma alternative fuel plant files for Chapter 11
Dixie Pellets filed for Chapter 11 bankruptcy earlier this week. The alternative fuel plant in Selma laid off employees earlier this month and cited more than $100 million in debts, according to the bankruptcy filing.The plan is an affiliate of Harbert Management...
Bluewater Broadcasting Bankruptcy
Montgomery based Bluewater Broadcasting has filed for Chapter 11 bankruptcy protection. The filing followed Landmark Bank calling for immediate repayment of its $4.5 million loan to the company.In its filing, the company listed $10 million in debts. It will continue...
Colonial BancGroup Bankruptcy
Montgomery based Colonial BancGroup Inc has filed for Chapter 11 bankruptcy protection just 11 days after being taken over by BB&T Corp. The filing listed assets of $45 million and liabilities of $380 million.The company’s two largest creditors are the Bank of New...