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July 16, 2007 |
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CATHOLIC CHURCH: San Diego Wants Exclusive Periods Extended A month after filing its Chapter 11 case, The Roman Catholic Bishop of San Diego started disclosure and confirmation processes by filing a plan of reorganization and an accompanying disclosure statement. The Plan is a substantial and serious effort... Read More |
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COLLINS & AIKMAN: Court Confirms Amended Ch. 11 Liquidation Plan The U.S. Bankruptcy Court for the Eastern District of Michigan confirmed Collins & Aikman Corporation and its debtor-affiliates Amended Joint Plan of Liquidation. The Amended Plan provides for the full recovery by holders of secured claims... Read More |
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DURA AUTOMOTIVE: Files Plan Term Sheet and Backstop Agreement DURA Automotive Systems, Inc., Friday, filed with the U.S. Bankruptcy Court for the District of Delaware a plan of reorganization term sheet and backstop purchase agreement for an equity rights offering. The rights offering will provide capital to... Read More |
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EARTH BIOFUELS: Five Creditors File Involuntary Chapter 7 in Del. Five creditors, last July 11, 2007, filed an involuntary chapter 7 petition against Earth Biofuels, Inc. According to documents filed with the U.S. Bankruptcy Court for the District of Delaware, the creditors, with claims amounting to $33 million,... Read More |
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POINT THERAPEUTICS: Cuts Workforce from 33 to 8 Employees Point Therapeutics, Inc. disclosed that to conserve its remaining cash balance, the company in June and July reduced its work force from 33 employees to 8 employees... Read More |
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PUREBEAUTY INC: Court Confirms Amended Joint Reorganization Plan The Honorable Kathleen Thompson of the United States Bankruptcy Court for the Central District of California confirmed PureBeauty Inc. and its debtor-affiliate, Pure Salons Inc.'s Amended Joint Chapter 11 Plan of Reorganization... Read More |
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SOLUTIA INC: Files Second Amended Plan and Disclosure Statement Solutia Inc., and its debtor-affiliates delivered to the United States Bankruptcy Court for the Southern District of New York, on July 9, 2007, their Second Amended Plan of Reorganization and accompanying Disclosure Statement... Read More |
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TWEETER HOME: Court Approves Asset Sale to Schultze for $38 Mil. Tweeter Home Entertainment Group, Inc., disclosed Friday that the U.S. Bankruptcy Court for the District of Delaware has approved the "going concern" bid by Schultze Asset Management, LLC to acquire substantially all of Tweeter's assets for $38 million... Read More |
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