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Latest Insolvency Stories

2014-04-14 04:20:47

Worldwide Operations and Telecommunications Services Continue Through Restructuring Process MARLBOROUGH, Mass., April 14, 2014 /PRNewswire/ -- TelexFREE LLC today announced that it and certain of its subsidiaries and affiliates filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code, in an effort to address certain operational challenges. The petitions were filed in the U.S. Bankruptcy Court for the District of Nevada. TelexFREE intends to use the Chapter...

2014-04-07 16:21:54

-- Receives Commitment for $110 Million in DIP Financing RICHMOND, Va., April 7, 2014 /PRNewswire/ -- James River Coal Company (NASDAQ: JRCC), today announced that the Company and its subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Eastern District of Virginia Richmond Division. James River intends to use the Chapter 11 process to continue implementing a comprehensive turnaround plan aimed at...

2014-04-01 08:32:27

Cole Schotz Partners with UpShot Services to Bring Technology to Chapter 11 Voting Process DENVER, April 1, 2014 /PRNewswire/ -- Marking a significant first in Chapter 11 history, the U.S. Bankruptcy Court for the District of Delaware approved electronic balloting procedures in the Pitt Penn Holding Company, Inc., et al. matter. Cole, Schotz, Meisel, Forman & Leonard, P.A. ("Cole Schotz"), counsel to the Chapter 11 Trustee, and claims & noticing agent UpShot Services LLC...

2014-03-18 23:29:08

Debt Consolidation USA published an article on their website to provide new graduates with some relevant financial management tips. New York, NY (PRWEB) March 18, 2014 Debt Consolidation USA targeted new graduates in a recent article published on their website. The article released last March 14, 2014 and titled “10 Essential Money Tips For New Graduates,” focused on the important tasks that should be done right after college. The debt relief company wanted to encourage young adults...

2014-03-15 23:02:38

Debt Consolidation USA published an article that provided consumers with tips about the 5 areas in their life that can be downsized financially. Dallas, TX (PRWEB) March 15, 2014 Debt Consolidation USA published “5 Areas In Your Life That You Can Financially Downsize” last March 12, 2014. The article sought to educate consumers about downsizing so they will not spend as much as they used to. The article discussed how consumers are trying to budget and save but that there are times...

2014-02-25 08:43:36

GREENVILLE, S.C., Feb. 25, 2014 /PRNewswire-iReach/ -- A free debt Consolidation and Reduction program is newly available in Greenville, SC. Debt Help Online (DHO) offers the free consumer service to assist customers dig their way out of crushing debt burdens. To achieve the objective of giving each client that completes the plan a fresh start, DHO first matches customers with expert debt counselors. Together they tailor a disciplined step-by-step plan focused on discharging any...

2014-02-11 23:30:26

Debt Consolidation USA published an article on their website to discuss the three important stages of debt consolidation loans. New York, NY (PRWEB) February 11, 2014 Debt Consolidation USA is certain that all debt solutions are effective. This time, the debt relief company focused on debt consolidation loans to teach consumers how to make it a successful solution for their problems. In an article published last February 8, 2014 and titled “3 Debt Consolidation Loan Stages People...

2014-02-10 08:30:53

TEL AVIV, Israel, February 10, 2014 /PRNewswire/ -- Elbit Imaging Ltd. (the "Company") (TASE, NASDAQ: EMITF) announced today, further to the Company's announcements on September 18, 2013 and January 2, 2014 (the "Previous Announcement"), the results of the meeting of the Company's unsecured financial creditors (the "Meeting") that voted on the postponement of the creating and registering of the collaterals securing the new notes ("New Notes") which shall be issued under the...

2014-02-01 00:20:25

Stipulation for the Dismissal of the Chapter 7 to be Executed GEORGE TOWN, Cayman Islands, Jan. 31, 2014 /PRNewswire/ -- Suntech Power Holdings Co., Ltd. (OTC: STPFQ) (the "Company" or "Suntech") today announced that it has signed a Restructuring Support Agreement (the "RSA") relating to the petition for involuntary bankruptcy filed against it under chapter 7 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York. Under the RSA signed by the...

2014-01-17 16:25:21

Plexcore® Inks and Materials Remain Commercially Available PITTSBURGH, Jan. 17, 2014 /PRNewswire/ -- Plextronics, Inc. ("Plextronics") announced today that it has filed a voluntary petition under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"). Plextronics also filed a motion seeking authorization to pursue a sale process under Section 363 of the U.S. Bankruptcy Code. To this end, Plextronics has entered into an...


Word of the Day
snash
  • To talk saucily.
  • Insolent, opprobrious language; impertinent abuse.
This word is Scots in origin and probably imitative.