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Last updated on April 18, 2014 at 16:41 EDT

Latest Insolvency Stories

2013-11-20 04:20:13

TEL AVIV, Israel, November 20, 2013 /PRNewswire/ -- Elbit Imaging Ltd. (NASDAQ: EMITF) ("Elbit") announced today that its subsidiary, Plaza Centers N.V. (LSE: PLAZ, WSE: PLZ/PLAZACNTR) ("Plaza"), has announced that further to the announcement dated November 14, 2013, that Plaza has filed for reorganization proceedings with the District Court of Amsterdam in the Netherlands (the "Court") and submitted a restructuring plan to the Court. Pursuant to Dutch reorganization...

2013-11-14 08:37:23

FORT LAUDERDALE, Fla., Nov. 14, 2013 /PRNewswire/ -- Affordable Bankruptcy Courses has emerged as a low price leader of the Pre-Filing Credit Counseling and Pre-Discharge Debtor Education courses. The Affordable Bankruptcy Courses platform enables consumers to take the required bankruptcy courses online, 24 hours a day, 7 days a week in English or Spanish, and no phone call is required for certification. The Pre-Bankruptcy Credit Counseling is being offered at only $15 per household...

2013-10-31 16:20:32

Truro drivers make bankruptcy a last resort with assistance from the team at EasyCarMoney.com TRURO, Nova Scotia, Oct. 31, 2013 /PRNewswire-iReach/ -- Bankruptcy often feels like a fresh start or an opportunity to have a clean slate, but it is not an easy or recommended solution in most cases. Most commonly recommended as a last resort, filing for bankruptcy has the ability to destroy a person's credit and, in some cases, cause a person to lose all of his or her assets and...

2013-10-28 08:32:45

LAFAYETTE, La., Oct. 28, 2013 /PRNewswire/ -- Green Field Energy Services, Inc. and its two wholly owned subsidiaries (collectively, "the Company"), today announced that it filed a voluntary petition under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The Company filed Chapter 11 to restructure its existing debt and pursue alternative business strategies for its turbine frac technology. The Company has also...

2013-10-23 23:19:35

To help New Yorkers make good decisions about their financial situations, The Law Office of William W. Waldner has launched a new resource on its website – http://midtownbankruptcy.com New York, NY (PRWEB) October 23, 2013 Years of experience in helping New Yorkers get a fresh financial start have shown bankruptcy attorney William W. Waldner that fear and misunderstanding of bankruptcy are among the biggest challenges people face in handling their financial problems effectively. To...

2013-10-10 00:20:16

- Knighthead agrees to sponsor Patriot's bankruptcy reorganization ST. LOUIS, Oct. 9, 2013 /PRNewswire/ -- Patriot Coal Corporation (OTC: PCXCQ) today announced that it has achieved several major milestones toward successful emergence from bankruptcy, which the Company detailed in a Disclosure Statement and an amended Plan of Reorganization (the Plan) filed today with the U.S. Bankruptcy Court for the Eastern District of Missouri. As described in the documents, the Company...

2013-10-03 08:23:28

MONTREAL, Oct. 3, 2013 /CNW Telbec/ - Greg Struble, President and CEO of Maudore Minerals Ltd. (MAO: TSX-Venture; MAOMF: US OTC; M6L: Frankfurt Exchange) reports that after close of markets on Wednesday October 2nd, the Company received a letter from Cyrus Capital Partners in its capacity as a manager to FBC Holdings S.A.R.L regarding defaults in the Credit Agreement covering FBC's $22 million secured term loan to Maudore and the state of negotiations with two major unsecured...

2013-09-27 08:23:53

WILMINGTON, Del., Sept. 27, 2013 /PRNewswire/ -- GateHouse Media, Inc. (OTC: GHSE) and certain of its subsidiaries (collectively, "GateHouse"), comprising one of the largest publishers of locally based print and online media in the United States, have commenced voluntary chapter 11 bankruptcy proceedings in the United States Bankruptcy Court for the District of Delaware. Concurrently with the bankruptcy filing, GateHouse filed and requested confirmation of a joint prepackaged plan of...

2013-09-11 12:21:33

ST. LOUIS, Sept. 11, 2013 /PRNewswire/ -- Patriot Coal Corporation (OTC: PCXCQ) today announced that its Debtor-in-Possession financing has been extended to December 31, 2013. Separately, the Company today filed a notice with the U.S. Bankruptcy Court for the Eastern District of Missouri setting forth the relevant dates for approval of its forthcoming Disclosure Statement. The Disclosure Statement is expected to be filed on or before October 2, 2013, and the approval hearing is...

2013-09-10 20:24:01

MEXICO CITY, Sept. 10, 2013 /PRNewswire/ -- Maxcom Telecomunicaciones, S.A.B. de C.V. (NYSE: MXT, BMV: MAXCOM.CPO) ("Maxcom," or the "Company") announced that the U.S. Bankruptcy Court for the District of Delaware today entered an order confirming the Company's prepackaged Chapter 11 plan of reorganization (the "Plan"). Confirmation of the Plan was fully-consensual: the only class of creditors entitled to vote overwhelmingly voted in favor of the Plan and no party objected to...