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Idearc Inc. filed for chapter 11 bankruptcy today at the United States Bankruptcy Court for the Northern District of Texas. The debtor's petition lists $1.8 billion in assets and $9.5 billion in debt, approximately $6.6 billion of it secured.
Idearc Inc. manages and delivers print, on-line and wireless publishing and advertising services. They are represented by Fulbright & Jaworski L.L.P.
The parent company of the Chicago Sun-Times filed for chapter 11 bankruptcy protection this morning at the United States Bankruptcy Court for the District of Delaware. Sun-Times Media Group, Inc. listed $479 million in assets on its petition. The largest equity security holder is listed as Hollinger Inc. of Toronto.
Zounds, Inc. filed for chapter 11 yesterday at the United States Bankruptcy Court for the District of Arizona. The debtor, based in Phoenix, listed between $10 and $50 million in assets and liabilities.
Nova Biosource Fuels, Inc. filed for chapter 11 yesterday at the United States Bankruptcy Court in DE. The debtor's petition lists approximately $110 million in assets and $111 million in debts. The debtor is an energy company that markets bio-diesel fuel and related co-products from feed-stocks.
North Port Gateway, LLC filed for chapter 11 today at the United States Bankruptcy Court in Tampa. The Sarasota company listed between $10 and $50 million in assets and liabilities.
SeeqPod, Inc. filed for chapter 11 bankruptcy today at the United States Bankruptcy Court for the Northern District of California. The debtor is based in Saratoga, CA. The petition lists $2 million in assets and $1.6 million in debts.
Crusader Energy Group Inc. filed for chapter 11 bankruptcy today at the United States Bankruptcy Court in Dallas. The debtor, based in Oklahoma City, listed $750 million in assets.
Crusader Energy Group Inc. is engaged in the exploration, development and production of oil and natural gas. They are represented by Vinson & Elkins LLP.
M.W. Sewall & Co., of Bath, ME, filed for chapter 11 bankruptcy yesterday at the United States Bankruptcy Court for the District of Maine. Citgo Petroleum (Energy)-EFT is listed as the largest unsecured creditor with an approximate $1.2 million claim.
The debtor operates 11 "Clipper Mart" stores, sells heating oil and propane and sells oil and propane heating equipment. M.W. Sewall & Co. employs roughly 150 individuals in Maine and is represented by Marcus, Clegg & Mistretta, P.A.
Restaurant chain, Tumbleweed, Inc. filed for chapter 11 bankruptcy protection yesterday at the United States Bankruptcy Court for the Western District of Kentucky. The debtor, based in Louisville, listed between $10-$50 million in assets on its filing. The top unsecured creditor is listed as GE Capital with a $18 million claim ($10 secured).
The debtor operates casual "Tex-Mex" style restaurants in Ohio, Kentucky and Indiana.
It's no easy task selling a Bentley or Lamborghini nowadays. Champion Motor Group, Inc. filed for chapter 11 bankruptcy protection on Thursday at the United States Bankruptcy Court for the Eastern District of New York. The debtor is based in Jericho, New York and represented by Robinson Brog Leinwand Greene et. al.
Bentley Long Island and Lamborghini Long Island are divisions of Champion Motor Group. The debtor has been in business since 1988. Court documents indicate that the debtor's financial difficulties were caused by the general economic climate and litigation by Manufacturers and Traders Trust Company, seeking seizure of automobiles.
Meruelo Maddux Properties, Inc. filed for chapter 11 at the Central District of California. The debtor's petition lists $682 million in assets and $342 million in debts.
St. Louis based, Charter Communications, Inc., filed for chapter 11 bankruptcy protection today at the United States Bankruptcy Court for the Southern District of New York. The debtor's petition lists $13.9 billion in assets and $24.2 billion in debts.
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Kitchen-Quip, Inc. filed for chapter 11 today at the United States Bankruptcy Court for the Northern District of Indiana. The debtor is based in Waterloo, IN. Assets are listed as less than $10 million.
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The Hammocks, LLC d/b/a Richmond Hill Inn filed for chapter 11 today at the United States Bankruptcy Court for the Western District of North Carolina. The debtor is based in Asheville, North Carolina. The debtor's schedules list $16.4 million in assets.
Las Vegas Casino Lines, LLC filed for chapter 11 yesterday at the United States Bankruptcy Court for the Middle District of Florida. The debtor, based in Cape Canaveral, listed less than $10 million in assets on its petition.
From the debtor's website: Las Vegas Casino Lines is the newest and fastest casino ship in Port Canaveral. Come aboard "Liquid Vegas" and enjoy the true feel of a Las Vegas Casino in a fun cruise ship atmosphere. The quick four-hour, twice-daily cruises, fit any schedule. Las Vegas Casino makes company parties, family reunions, birthdays, or just a gathering of friends an exciting and fun event.
The Active Wallace Group filed for chapter 11 yesterday at the United States Bankruptcy Court for the Central District of California. Nike USA is listed as the largest unsecured creditor. The debtor is based in Mira Loma, CA.
Platinum Motors LLC filed for chapter 11 yesterday at the United States Bankruptcy Court for the Central District of California. The debtor, based in Santa Ana, listed between $10 and $50 million in assets on its petition.
BI-LO, LLC filed for chapter 11 bankruptcy today at the United States Bankruptcy Court in South Carolina. The debtor is located in Greenville, South Carolina and represented by Vinson & Elkins LLP. The petition lists assets and liabilities as between $500 million and $1 billion.
Click here to download the petition, including the list of the largest unsecured creditors.
The Bankruptcy Court in Delaware has appointed the Unsecured Creditors Committee in the Monaco Coach Corporation case. Click here to download the notice.
On Tuesday, the State of New Jersey sued former Lehman executives and directors at the Superior Court in Trenton, New Jersey. The complaint alleges fraud and misrepresentation which led to the loss of $118 for the state's pension fund.
Auto Center, Inc. of Auburn, Maine filed for chapter 11 today at the United States Bankruptcy Court for the District of Maine. The debtor is represented by Bernstein, Shur, Sawyer & Nelson. The bankruptcy petition lists assets and liabilities as less than $10 million.
Primus Telecommunications Group, Incorporated filed for chapter 11 today at the United States Bankruptcy Court for the District of Delaware. The debtor is based in McLean, Virginia and represented by Skadden Arps.
Click here to download the petition, including the list of the largest unsecured creditors.
From the debtor's website: Company Profile
PRIMUS Telecommunications Group, Incorporated (OTCBB:PRTL) is a global facilities-based Total Service Provider offering bundled data, Internet, digital subscriber line (DSL), e-commerce, web hosting, enhanced application, virtual private network (VPN), voice and other value-added services. The Company owns and operates an extensive global network of owned and leased transmission facilities, including over 300 IP points-of-presence (POPs) and Internet peering relationships throughout the world, ownership interests in over 23 undersea fiber optic cable systems, 19 international gateway and domestic switches, a satellite earth station and a variety of operation relationships that allow the company to deliver traffic worldwide. PRIMUS has been expanding its e-commerce and Internet capabilities with the deployment of a global state-of-the-art broadband fiber optic ATM+IP network. Founded in 1994 and based in McLean, VA, the Company serves corporate, small- and medium-sized business, residential and data, ISP and telecommunication carrier customers primarily located in the North America, Europe and Asia-Pacific regions of the world.
Forum Health filed for chapter 11 bankruptcy protection today at the United States Bankruptcy Court for the Northern District of Ohio. The nonprofit is based in Warren, Ohio and represented by McDonald Hopkins LLC. Affiliated debtors include Trumbull Memorial Hospital, among others. Forum Health Holding Company owns a 100% membership interest in Forum Health. The debtors employ roughly 4000 people.
According to a company press release, the debtors' total debt has been reduced from $176 million in 2006 to approximately $84 million as of the date of filing, including a $55 million debt service reserve fund.
Plan confirmed in Kimball Hill, Inc. case on 3/12/09. Case filed on 4/23/2008 at the United States Bankruptcy Court for the Northern District of IL. http://tinyurl.com/denv2n
Reports this weekend indicate that Six Flags has hired investment bank, Houlihan Lokey and law firm, Paul Hastings. Does this mean chapter 11 is imminent? Possibly, unless Six Flags can reach out of Court agreements with bondholders.
It seems to me that a chapter 11 filing would likely hurt park attendance in an already brutal economic environment. Would you ride a roller coaster at a bankrupt park? How about fly on a bankrupt carrier? Eat at a bankrupt restaurant? Buy a car from a bankrupt company?
Personally, I would fly and buy but not eat and ride. Thoughts?
Global Outreach, S.A. filed filed for chapter 11 yesterday at the United States Bankruptcy Court for the District of New Jersey. The debtor is based in Morristown, New Jersey. The petition lists assets as between $100 and $500 million. The debtors are represented by Kasen & Kasen of Cherry Hill, New Jersey.
North American Wire, LLC filed for chapter 11 yesterday at the United States Bankruptcy Court, Western District of PA. The debtor is based in Butler, PA. The petition lists less than $10 million in assets and liabilities.
From the debtor's website: North American Wire (NAW) produces high quality copper and zinc electroplated low carbon content steel wire using state-of-the-art machinery and galvanic treatments. The drawing mill reaps the benefits of more than a half century of master craftsmanship in the wire-making process. NAW provides the world with superior quality steel products, customized to suit individual customer's needs and requirements.North American Wire (NAW) produces high quality copper and zinc electroplated low carbon content steel wire using state-of-the-art machinery and galvanic treatments. The drawing mill reaps the benefits of more than a half century of master craftsmanship in the wire-making process. NAW provides the world with superior quality steel products, customized to suit individual customer's needs and requirements.
Aspen Development, LLC filed for chapter 11 bankruptcy protection yesterday at the United States Bankruptcy Court in Casper, Wyoming. The debtor's schedules list $3.1 million in assets and $2.7 million in liabilities. Freedom Foods, Inc. and Pinnacle Bank are listed as the largest unsecured creditors.
Global Real Estate and Development, LLC filed for chapter 11 bankruptcy yesterday at the United States Bankruptcy Court for the Central District of CA. The debtor, based in Apple Valley, California, listed $2.75 million in assets and $2.53 million in debts.
The schedules of assets and liabilities have been filed in the Lehman Brothers Holdings case pending in the Southern District of New York
For faster and more frequent chapter 11 posts, visit us on Twitter at http://twitter.com/chapter11lib
ACP Ameri-Tech Holding, LLC filed for chapter 11 yesterday at the United States Bankruptcy Court for the Eastern District of Texas. The debtor is based in Center, Texas. The largest unsecured creditors are listed as Fabral, Lincoln Lumber Co and Steel Building Supply.
For faster and more frequent chapter 11 posts, visit us on Twitter at http://twitter.com/chapter11lib
Amusement park company, Ghost Town Partners, LLC, filed for chapter 11 yesterday at the United States Bankruptcy Court for the Western District of North Carolina. The debtor is based in Maggie Valley, North Carolina. The debtor's schedules list $13 million in assets and $12.3 million in liabilities.
For faster and more frequent chapter 11 posts, visit us on Twitter at http://twitter.com/chapter11lib
Chamatkar Hospitality, LLC filed for chapter 11 yesterday at the United States Bankruptcy Court for the Western District of Louisiana. The debtor is based in Kinder, Louisiana. The petition lists assets as 44.3 million and liabilities as $7.2 million.
Click here to download the petition, including the list of the largest unsecured creditors.
Visit us on Twitter for faster and more comprehensive posts! http://twitter.com/chapter11lib
Fleetwood Enterprises, Inc. filed for chapter 11 bankruptcy today at the United States Bankruptcy Court for the Central District of CA. The debtor is a producer of manufactured housing and recreational vehicles. The petition lists approximately $560 million in assets and $624 million in debts. The largest unsecured creditors are listed as Bank of America, Caspian Capital Management, LCC and Angelo, Gordon & Co., LP.
Manasseh Building Group, Inc. filed for chapter 11 today at the United States Bankruptcy Court, Central District of CA. The debtor is based in Oak Park, CA. Assets and liabilities are listed as between $10 and $50 million.
Milacron Inc. filed for chapter 11 bankruptcy today at the United States Bankruptcy Court for the Southern District of OH. The debtor is based in Batavia, OH. The petition lists assets of $523.3 million and liabilities of $752 million.
Milacron Inc. is a provider to the plastics-processing industries with 2008 sales of approximately $788 million. They employ approximately 3000 people worldwide.
UPDATE: The United States Bankruptcy Court in New Jersey has issued an Interim Financing Order authorizing the debtor to incur post petition indebtedness. Click here for key documents.
St. Mary's Hospital, Passaic, N.J. filed for chapter 11 on 3/9 at the Bankruptcy Court for the District of New Jersey. The debtor's petition lists between $50 and $100 million in assets and liabilities. Click here to download the petition, including the list of top unsecured creditors.
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The United States Bankruptcy Court for the Southern District of New York confirmed the Plan of Reorganization for Apex Silver Mines Limited
Teleplus World, Corp. filed for chapter 11 today at the United States Bankruptcy Court for the Southern District of Florida. The telecommunications company's petition lists $10.8 million in assets.
Click here to download the petition, including the list of largest unsecured creditors
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Magna Entertainment Corp.filed for chapter 11 bankruptcy today in Delaware. The debtor operates or manages numerous high profile race tracks, including Gulfstream Park, Santa Anita, Pimlico, Golden Gate Fields, Laurel, Lone Star Park, Thistledown and others.
The petition lists assets as approximately $1 billion and debts as approximately $959 million. The Bank of New York (as Trustee) is listed as the largest unsecured creditor.
Weil, Gotshal & Manges LLP and Richards, Layton & Finger, P.A. are listed as attorneys.
Deuce McAllister Nissan of Jackson, LLC filed for chapter 11 bankruptcy today at the United States Bankruptcy Court for the Southern District of Mississippi. The Jackson dealership's bankruptcy petition lists between $1 and $10 million in assets and liabilities.
Tuscan based, Extra Room, Inc., filed for chapter 11 bankruptcy protection today at the United States Bankruptcy Court in Arizona. The debtor's petition lists approximately $18 million in assets and $13 million in liabilities.
Hallwood Energy, L.P. filed for chapter 11 bankruptcy protection yesterday at the United States Bankruptcy Court for the Northern District of Texas. The oil and gas company, based in Dallas, listed between $50 and $100 million in assets.
Summitt Logistics & Brokerage, LLC filed for chapter 11 today at the United States Bankruptcy Court for the Southern District of Indiana. The debtor's petition lists assets and liabilities as less than $10 million.
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