Highlights
A collection of news and information related to Financially Distressed Companies published by this site and its partners.
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Patriot Coal's bid to cut retiree benefits now in hands of bankruptcy judge
ST. LOUIS, Mo. -- A bankrupt St. Louis-based coal company's push to significantly cut thousands of retirees' health care and pension benefits is in the hands of a judge. U.S. Bankruptcy Judge Kathy Surratt-States has until May 29 to decide the matter...
Tags: Justice System, Crime, Law and Justice, Economy, Business and Finance, Peabody Energy Corporation, Bankruptcy
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New manager keeps Gillioz Theater busy, raising hopes it can emerge from bankruptcy
lrussell@ky3.comSPRINGFIELD, Mo. -- A little more than two years ago, the Gillioz Theater was barely hanging on, as it faced a bank foreclosure. Now the historic venue is bouncing back. The owners of Gillioz Theater filed for bankruptcy just before it was to be sold...Tags: Arts and Culture, Bankruptcy
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Trucking company of ex-mayor of Springfield files for bankruptcy
ghartley@ky3.comSPRINGFIELD, Mo. -- O&S Trucking, the company owned by former Springfield Mayor Jim O'Neal and his wife, filed for bankruptcy on Wednesday. The company asked a bankruptcy judge to let it affiliate with a larger trucking company based in Springfield,...Tags: Justice System, Crime, Law and Justice, Economy, Business and Finance, Bankruptcy, Judges
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Springfield-Branson National Airport sees another airline file for bankruptcy
jscherder@ky3.comSPRINGFIELD, Mo -- Since 2001 United, U.S. Airways, and Continental Airlines have filed for bankruptcy. Now American Airlines joins that list. All of the so-called legacy airlines have fallen over the last decade and American was the only one to hold...Tags: Travel, Continental Airlines, Air Transportation Industry, Trips and Vacations, Bankruptcy
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Banker, business owner Buerge files for bankruptcy
crestelli@ky3.comSPRINGFIELD, Mo. -- Banker and former TV "Bachelor" Aaron Buerge has filed for personal bankruptcy. Court documents show Buerge and his businesses are $7 million in debt. Among Buerge's largest liabilities are Trolley's restaurant and the Vandivort...Tags: Elections, Banking, Lifestyle and Leisure, Bankruptcy, Dining and Drinking
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Justice Department opposes AMR's $20 million severance for CEO Horton
Reuters(Reuters) - A plan by American Airlines' parent to exit bankruptcy and merge with US Airways Group is coming under fire from the U.S. Department of Justice over nearly $20 million in severance pay earmarked for outgoing boss Tom Horton. In court papers...Tags: Justice System, Mergers, Acquisitions and Takeovers, Restructuring and Recapitalization, U.S. Department of Justice, Manhattan (New York City)
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Henrik Fisker joins Hong Kong tycoon to salvage Fisker: sources
ReutersDETROIT/BEIJING (Reuters) - Henrik Fisker is working with an investor group to salvage Fisker Automotive, the "green" car company he co-founded nearly six years ago that is now struggling to stave off bankruptcy, people familiar with the matter said...Tags: Fuel-efficient Vehicles, Aston Martin, Hong Kong, Manufacturing and Engineering, Economy, Business and Finance
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Battling a Motion to Strip or Motion to Value in Bankruptcy Court
Blog Sponsored by Taylor & Carls, P.A. The association has finally obtained its foreclosure judgment for nonpayment of assessments. A sale date has been set. Then, the owner files bankruptcy. What does the association then do? Historically, and...Tags: Financial and Business Services, Tampa, Mortgages, Orlando, St. Petersburg (Pinellas, Florida)
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RPT-Henrik Fisker joins Hong Kong tycoon to salvage Fisker -sources
Reuters* One of two competing offers in play * Fisker cofounder teams up with investors trying to buy U.S. loan * Group may offer between $25 mln and $30 mln for loan * Sources caution figures are changing, on the rise * DOE considering ramifications of...Tags: Fuel-efficient Vehicles, Hong Kong, Manufacturing and Engineering, Economy, Business and Finance, Vehicles
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U.S. Justice Dept opposes AMR's $20 mln severance for CEO Horton
Reuters* Says severance payment violates bankruptcy law * Horton's proposed severance has been controversial By Nick Brown May 24 (Reuters) - A plan by American Airlines' parent to exit bankruptcy and merge with US Airways Group is coming under fire from...Tags: Mergers, Acquisitions and Takeovers, Restructuring and Recapitalization, U.S. Department of Justice, Manhattan (New York City), Air Transportation Industry
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Christian Brothers settle suit with 400 sex abuse victims
The Roman Catholic religious order that runs Brother Rice High School in Chicago and St. Laurence High School in Burbank didn't want Brother Edward Chrysostom Courtney in Chicago any longer. So in the early 1970s, the Irish Christian Brothers shipped...Tags: Cook County Government, Justice System, Abusive Behavior, Crime, Law and Justice, Religion and Belief
May 6, 2013
|Story| KY3-TV
Feb 15, 2013
|Story| KY3-TV
May 31, 2012
|Story| KY3-TV
Jan 27, 2012
|Story| AP Missouri
Nov 29, 2011
|Story| KY3-TV
Feb 15, 2011
|Story| KY3-TV
May 24, 2013
|Story| Reuters
May 24, 2013
|Story| Reuters
May 24, 2013
|Story| Orlando Sentinel
May 24, 2013
|Story| Reuters
May 24, 2013
|Story| Reuters
May 23, 2013
|Story| Chicago Tribune
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