Content about Insolvency law

December 20, 2011

Borders Group Inc. won court approval of the final details of its plans to dissolve, according to Bloomberg.

July 29, 2011

According to court papers filed with the U.S. Bankruptcy Court in Manhattan, Borders Group is planning to auction off its intellectual property, including the Borders brand name and the Borders.com website, in a move that will enable the brand to live on after liquidation in a limited fashion.

July 20, 2011

Borders Group said objections from creditors are irrelevant because the company’s liquidation means it will not carry on any contracts with business partners, Bloomberg reported.

July 18, 2011

Borders Group inched closer to liquidation after a 5 p.m. Sunday deadline passed and no bidders emerged to keep the bankrupt chain in business.

July 14, 2011

Borders Group moved closer to liquidation after a judge on Thursday approved its motion to auction itself off with an offer from liquidators as its opening bid.

June 17, 2011

Borders Group has reached agreements with its landlords to extend the leases on 11 stores it had previously asked a bankruptcy court to shutter, the Associated Press reported.

April 25, 2011

Borders Group won approval of an amended executive bonus plan after a judge sought changes to resolve objections from an arm of the U.S. government that oversees bankruptcies, Bloomberg reported.

April 21, 2011

Borders is seeking at least $50 million in additional financing as sales trail expectations and publishers demand cash in advance, according to two people who have seen the chain’s plans to reorganize, Bloomberg reported.

March 29, 2011

A Wall Street Journal report on Monday said that, according to court filings, Blockbuster will start closing 186 more stores by the end of the month, bringing the number of its U.S. locations closed or slated for closure to 1,145, or more than a third of its total, since the video-rental chain filed for bankruptcy protection in September.

March 11, 2011

A Manhattan bankruptcy judge on Thursday has cleared the path for Blockbuster to sell itself to a group of hedge funds, preventing the movie rental chain from having to liquidate its assets.

March 9, 2011

The sale of the financially-beleaguered furniture retailer Robb & Stucky to liquidation firm Hudson Capital Partners of Massachusetts was approved Tuesday at a bankruptcy hearing in Tampa, the South Florida Sun-Sentinel reported.

March 3, 2011

Some landlords, vendors and other unsecured creditors of Blockbuster are objecting to Blockbuster's plan to sell itself because they fear they won't be paid what they are owed, according to the Associated Press.

February 22, 2011

Blockbuster said on Monday that it reached a $290 million deal to be bought out of bankruptcy by a group of investors.

February 16, 2011

Borders Group filed for Chapter 11 bankruptcy on Wednesday.

February 10, 2011

Blockbuster plans to put itself up for sale after a disagreement with its creditors, according to a Wall Street Journal report.

January 21, 2011

After filing for Chapter 11 reorganization bankruptcy in September, then winning an extension until Feb. 4 to file its restructuring plan to emerge from bankruptcy, Blockbuster now has until March 21 to file the plan and until May 20 to round up enough votes among its creditors for approval.

January 18, 2011

Blockbuster has received an extension to Feb. 4 to file its restructuring plan in order to emerge from bankruptcy protection, according to a regulatory filing with the Securities and Exchange Commission,

November 16, 2010

Loehmann’s on Monday filed for bankruptcy.

November 10, 2010

Exiting what was labeled the biggest real estate bankruptcy in U.S. history, General Growth Properties has emerged from Chapter 11 protection as two separate companies.

November 9, 2010

Exiting what was labeled the biggest real estate bankruptcy in U.S. history, General Growth Properties...

October 26, 2010

U.S. Bankruptcy Judge Burton Lifland in New York approved a loan on Wednesday that will...

October 12, 2010

A report released Wednesday said that the Great Atlantic & Pacific Tea Co. has reached...

September 22, 2010

Blockbuster filed for bankruptcy early Thursday morning in its latest attempt to overcome nearly $1...

August 26, 2010

Blockbuster is preparing to file for bankruptcy next month, The Los Angeles Times reported on...

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