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Financially Distressed Companies

A collection of news and information related to Financially Distressed Companies published by this site and its partners.

Top Financially Distressed Companies Articles

Displaying items 111-121
  • Spencer buying Brookstone out of bankruptcy

    Spencer buying Brookstone out of bankruptcy
    Retailer Brookstone Inc said it would be bought by the owner of Spencer's retail chain for about $147 million as part of a prepackaged bankruptcy plan. Brookstone sells products ranging from massage chairs to bathroom slippers through stores in malls...
  • Apartment tower proposed for Inner Harbor site

    Apartment tower proposed for Inner Harbor site
    A Pikesville developer will present plans to the city next week to build one of Baltimore's tallest buildings on the site of the former McCormick & Co. spice factory at the Inner Harbor, transforming the skyline with a luxury apartment tower. The Questar...
  • For Grace, a long road out of bankruptcy court

    For Grace, a long road out of bankruptcy court
    Chemical maker W.R. Grace & Co. is about to go where it hasn't been for nearly 13 years: out of bankruptcy. The Chapter 11 case, one of the longest on record, got underway as the Columbia-based company faced more than 100,000 asbestos-related claims....
  • Women's clothier Coldwater Creek files bankruptcy, to close all stores

    Women's clothier Coldwater Creek files bankruptcy, to close all stores
    Women's clothing retailer Coldwater Creek Inc. on Friday filed for Chapter 11 bankruptcy after failing to find a buyer said it plans to close its stores by early summer. Coldwater Creek joins other retailers to seek protection from creditors in recent...
  • Coldwater Creek retailer files bankruptcy, will close stores

    Coldwater Creek retailer files bankruptcy, will close stores
    Women's clothing retailer Coldwater Creek Inc. on Friday filed for Chapter 11 bankruptcy after failing to find a buyer said it plans to close its stores by early summer. Coldwater Creek joins other retailers to seek protection from creditors in recent...
  • Pennsylvania bank submits highest bid for 1st Mariner

    Pennsylvania bank submits highest bid for 1st Mariner
    A regional Pennsylvania bank submitted the highest bid at the auction for Baltimore's 1st Mariner Bank in a deal that must still be approved by a federal bankruptcy court judge and banking regulators. National Penn Bank offered $19.1 million for 1st...
  • Two bidders will vie for 1st Mariner Bank

    Two bidders will vie for 1<sup>s</sup><sup>t</sup> Mariner Bank
    1st Mariner Bank, Baltimore's largest independent bank, will go to auction Thursday morning with two bidders vying for the bank. Parent company First Mariner Bancorp is selling the bank as part of the parent's Chapter 11 bankruptcy, filed Feb. 10. The...
  • 1st Mariner Bank heads to auction

    1st Mariner Bank heads to auction
    The future of 1st Mariner, Baltimore's largest independent bank, could be decided this week. A bankruptcy judge approved First Mariner Bancorp's request last month to sell its bank as part of the parent company's Chapter 11 bankruptcy filing. Bids for...
  • 1st Mariner Bank auction set for April

    1st Mariner Bank auction set for April
    A bankruptcy judge approved First Mariner Bancorp's request to auction off its Baltimore bank quickly, a process that drew heated objections from creditors and the U.S. trustee. Judge David E. Rice set the deadline to bid on 1st Mariner Bank for April 7,...
  • First Mariner swung to loss in 2013

    First Mariner swung to loss in 2013
    First Mariner Bancorp's losses mounted last year before the parent of 1st Mariner Bank filed for bankruptcy protection in February. The bank itself is not included in the Chapter 11 bankruptcy, and its Baltimore-based parent has stressed that bank...
  • Bidders battle over 1st Mariner Bank

    Bidders battle over 1st Mariner Bank
    An all-out battle over Baltimore's last major independent bank broke out Monday in federal bankruptcy court, leaving a judge to decide — potentially later this week — whether the institution is sold to an investment group with local ties or to...