Category Archives: News and updates

LightSquared Announced It Was Filing Bankruptcy

Posted on May 16, 2012 by admin

Today, it was announced that LightSquared Inc. was filing bankruptcy in hopes of resolving the concerns of US regulators who have been blocking the build out of their high-speed wireless Internet. The company believed they would be able to service … Continue reading →

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Hawker Beechcraft Announced It Was Filing Bankruptcy Last Thursday

Posted on May 8, 2012 by admin

On Thursday, May 3, Hawker Beechcraft announced it was filing bankruptcy to eliminate $2.5 billion in debt. The aircraft manufacturer that is based in Wichita, Kansas, filed for Chapter 11 bankruptcy on Thursday at the U.S. Bankruptcy Court in New … Continue reading →

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Alabama Produce Company Is Filing Bankruptcy

Posted on May 1, 2012 by admin

 Today, it was announced that the Adams Produce Company LLC was filing bankruptcy under Chapter 11. Adams produce is more than 100 years old and based in Birmingham, Alabama. According to court records, the company filed for bankruptcy under Chapter … Continue reading →

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Unions Going after American Airlines in Bankruptcy

Posted on April 29, 2012 by admin

Many large corporations have figured out a way to use the bankruptcy code to get unions back to the bargaining table. This seems to be true for American Airlines who has been busy filing bankruptcy to reduce overall operating costs … Continue reading →

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American Airlines in Bankruptcy Is Pushing to Get Rid of Union Contracts

Posted on April 24, 2012 by admin

On Monday, more than 300 American Airlines employees protested the attempt by American Airlines to eliminate the union contracts in their bankruptcy filing. The employees showed up in force at the U.S. Bankruptcy Court where the hearing was going on. … Continue reading →

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Hostess Employee Union Contesting Bankruptcy

Posted on April 19, 2012 by admin

  Hostess Brands, iconic maker of Twinkies is in a heated battle with the Teamsters union regarding their bankruptcy filing. The employee union, which represents 7500 Hostess employees, has had trouble coming up with a feasible contract agreement with the … Continue reading →

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Fox Sports Objects to Dodgers Bankruptcy Exit Plan

Posted on April 11, 2012 by admin

Fox Sports Objects to Dodgers Bankruptcy Exit Plan Today, News Corp., the parent company for Fox Sports filed an objection against the Los Angeles Dodgers bankruptcy reorganization plan. The recent sale of the Dodgers hinges on the team being able … Continue reading →

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Pinnacle Airlines Corp. Announced Its Filing Bankruptcy

Posted on April 5, 2012 by admin

On April 1, 2012, Pinnacle Airlines Corp. announced it would be filing bankruptcy under Chapter 11. Many have been worrying at the airports where the airline services would be affected. Officials at the Northern Maine Regional Airport stated they don’t … Continue reading →

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The Bankruptcy Filing by Providence, Rhode Island Seen As Unavoidable

Posted on March 28, 2012 by admin

It’s looking like the capital and largest city of Rhode Island, Providence will be looking into filing bankruptcy because of a budget deficit. A state appointed receiver, Robert Flanders said there is no way around it just as it wasn’t … Continue reading →

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American Airlines in the Process of Filing Bankruptcy is Looking to Void Union Contracts

Posted on March 23, 2012 by admin

Today, it was announced that American Airlines while in the process of filing bankruptcy plans to try and get the bankruptcy court to retract the union employee contracts next week. They tried to negotiate with the employee unions and have … Continue reading →

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