Highlights
A collection of news and information related to Financially Distressed Companies published by this site and its partners.
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NZ broadcaster MediaWorks in receivership, new owners lined up
ReutersWELLINGTON (Reuters) - New Zealand broadcaster MediaWorks Ltd was placed in receivership on Monday after its private equity owners and bankers failed to agree on a refinancing deal, but new owners have been lined up. Investors led by Australian...Tags: Television Networks, Finance, Companies and Corporations, Bankruptcy, Private Equity
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06/17: Bankruptcies
Chapter 7 Central Florida individuals and businesses that have filed for liquidation under Chapter 7 of the U.S. Bankruptcy Code include: Clermont Animal Hospital South Four Corners LLC, 24021 Ranch Road, Astatula. Filed: June 6. Assets: $39,079....
Tags: Companies and Corporations, Bankruptcy, Business, DeLand, Economy, Business and Finance
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Analysis: Why bankrupt W.R. Grace is thriving
ReutersCOLUMBIA, Md./NEW YORK (Reuters) - A company stuck in bankruptcy for 12 years may not seem like much of a catch, but investors have fallen in love with U.S. specialty chemical manufacturer W.R. Grace & Co and its surging sales to the energy sector. One...Tags: Thomson Corporation, Credit Ratings, Bankruptcy, U.S. Supreme Court, Trials
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After opening gambit, Detroit manager's next move vexes creditors
Reuters(Reuters) - Now that Detroit's emergency manager has laid out a tough road that could include a bankruptcy filing for the city, the bondholders, pension managers and others with a stake in the outcome are left to assess his next steps while seeking to...Tags: Pension and Welfare, Interior Policy, Car Safety Tips and Advice, Justice System, Bankruptcy
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Bankruptcies: June 16
Here are bankruptcy filings in U.S. Bankruptcy Court, District of South Dakota, for June 6-12. Individuals can file Chapter 7 petitions (asking that debts be liquidated); Chapter 12 (a simplified reorganization method for farmers and ranchers whose...Tags: Bankruptcy
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ANALYSIS-Why bankrupt W.R. Grace is thriving
ReutersBy Ernest Scheyder and Nick Brown COLUMBIA, Md./NEW YORK, June 16 (Reuters) - A company stuck in bankruptcy for 12 years may not seem like much of a catch, but investors have fallen in love with U.S. specialty chemical manufacturer W.R. Grace & Co and...Tags: Thomson Corporation, Credit Ratings, Bankruptcy, Trials, Finance
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Detroit creditors brace for haircuts, or worse, at meeting to avoid bankruptcy
ReutersDETROIT (Reuters) - Detroit's creditors will begin to learn on Friday morning what they can recover without driving the financially troubled city into bankruptcy when the city's emergency manager unveils his restructuring plan. Manager Kevyn Orr has...Tags: Credit Ratings, Moody's Corporation, Justice System, MBIA Incorporated, Bankruptcy
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Former Nazi commander lives in Minneapolis
BERLIN (AP) — A top commander of a Nazi SS-led unit accused of burning villages filled with women and children lied to American immigration officials to get into the United States and has been living in Minnesota since shortly after World War II,...Tags: Murder, Justice System, International Court or Tribunal, Bankruptcy, Freedom of Information Act
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RPT-Detroit creditors brace for haircuts, or worse, at meeting to avoid bankruptcy
ReutersDETROIT, June 14 (Reuters) - Detroit's creditors will begin to learn on Friday morning what they can recover without driving the financially troubled city into bankruptcy when the city's emergency manager unveils his restructuring plan. Manager Kevyn Orr...Tags: Credit Ratings, Moody's Corporation, Standard & Poor's Financial Services LLC, MBIA Incorporated, Justice System
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FACTBOX-Distressed Detroit lays out restructuring plan
ReutersJune 14 (Reuters) - Detroit's emergency manager on Friday said the city, trying to avoid what would be America's biggest municipal bankruptcy, was halting payments to owners of Detroit's unsecured debts. As part of a sweeping plan to restructure city...Tags: Barack Obama, Pension and Welfare, Interior Policy, Finance, Bankruptcy
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Detroit emergency manager lays out painful path on city finances
Detroit Free PressDETROIT Detroit emergency manager Kevyn Orr laid out Friday an extraordinary, complex and painful path back to solvency for the City of Detroit in a proposed plan to creditors that promises at the same time a way out of the financial mess that has...Tags: Pension and Welfare, Arbitration, Interior Policy, Bankruptcy, Detroit Free Press
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Detroit to stop paying some debt, putting it in default
ReutersDETROIT (Reuters) - Detroit said on Friday it would stop making payments on some of its about $18.5 billion debt, which would put it in default, and the "insolvent" city called on most of its creditors to accept pennies on the dollar to help it avoid...Tags: Pension and Welfare, Interior Policy, Moody's Corporation, MBIA Incorporated, Justice System
Jun 16, 2013
|Story| Reuters
Jun 17, 2013
|Story| Orlando Sentinel
Jun 16, 2013
|Story| Reuters
Jun 16, 2013
|Story| Reuters
Jun 15, 2013
|Story| Aberdeen News
Jun 16, 2013
|Story| Reuters
Jun 13, 2013
|Story| Reuters
Jun 14, 2013
|Story| Aberdeen News
Jun 14, 2013
|Story| Reuters
Jun 14, 2013
|Story| Reuters
Jun 14, 2013
|Story| McClatchy-Tribune
Jun 14, 2013
|Story| Reuters
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