Liberty
McClatchy files for bankruptcy
McClatchy Co.—publisher of the Charlotte Observer and the Raleigh News & Observer—has filed for bankruptcy: The Chapter 11 filing will allow McClatchy to restructure its debts and, it hopes, shed…
Chapter 11, Title 11, United States Code
section of the United States Bankruptcy Code
Liberty
Morehead Hospital ‘burning cash’
The bankruptcy hearing for Eden’s Morehead Hospital was once again continued in order to give attorneys to further review financial documents related to the proposed sale to aFlorida-based for-profit healthcare…
Energy
Another solar company reaching its failure tipping point
An Investors Business Daily report carries the headline “SunEdison Bankruptcy Whispers Char SolarCity, First Solar, SunPower“: SunEdison’s (SUNE) inferno continued Wednesday, a day after rumors flared that it might be in debtor-in-possession…
Liberty
DesignLine files for Chapter 11
So reports the UPoR. The bankruptcy filing lists assets of $11 million and debts of $37.5 million. Guess Anthony Foxx really did change jobs at the right time.
Liberty
Aviation potpourri, March 2012 edition
Just the highlights: • Bloomberg is reporting that US Airways is talking to American Airline creditors about buying American out of bankruptcy. This does not comes as a surprise; US…
Liberty
US Airways may bid on American Airlines
Not a surprise, given that they also bid on Delta Air Lines when Delta was in Chapter 11. Bloomberg reports that Delta is also considering making a bid on American…
Liberty
American Airlines files for Chapter 11
Not a surprise really, as they have been losing money for years. The big issues American Airlines (AA) will want to address while in bankruptcy are their labor costs and…
Liberty
EpiCentre: Bankrupt
CBJ reports that EpiCentre developer Afshin Ghazi — in the form of his Pacific Ave. I & II LLCs — has filed for Chapter 11. And we’ll leave right damn…
Liberty
Mesa in Chapter 11
Looks like US Airways attempts to consolidate to its core strengths may kick up some extra moving pieces. Mesa Air Group filed for Chapter 11 today. Who, you ask, is…
Liberty
Publisher of 19 NC Newspapers in Chapter 11
Heartland Publications, which publishes some 50 community papers mostly in the Southeast, is in bankruptcy. Operations at the papers will continue as normal, according to The Anson Record one of…
Liberty
Chrysler, BofA
In an editorial on Chrysler’s tussle with the Obama administration over the carmaker’s Chapter 11 filing, National Review brings up the travails of a local banker: BofA’s Ken Lewis. Liberals…
Liberty
Carolina Place Mall Owner Bankrupt
Financial trouble we told you about back in December has sunk General Growth Properties. Bloomberg reports that GGP, the nation’s second-largest mall owner, has filed for Chapter 11, unable to…