Bankruptcy Archieved News - Files for Bankruptcy

Bankruptcy News Archive
08/14/2002	Customers enter the Ames Discount Store in Berlin, Vt., Wednesday, Aug. 14, 2002. The struggling Ames chain is throwing in the towel. A year after seeking bankruptcy protection, company officials announced this morning they are closing all 327 stores, including 12 in Vermont. (AP Photo/Toby Talbot)
8/11/2002	US Airways Group Inc. filed for bankruptcy Sunday, saying it will continue to operate while it tries to restructure its finances and emerge from protection early next year. US Airways, crippled by the attacks on Sept. 11 and burdened by high costs, filed yesterday for Chapter 11 bankruptcy protection, the first major carrier to do so since the events last fall.
7/29/2002	NEW YORK (Reuters) - Car-rental company Budget Group Inc. succumbed to its heavy debt burden and filed for bankruptcy protection on Monday, as the recession in business travel that has plagued the sector since Sept. 11 claimed another victim.
6/18/2002	XO Communications Files for Bankruptcy Tue Jun 18. RESTON, Va. (Reuters) - XO Communications Inc. on Monday filed for bankruptcy protection, and again said it would try to have an investor group led by financier Ted Forstmann deliver on an earlier deal to inject $800 million into the struggling telecom company.
06/08/2002	Daewoo Files For Bankruptcy. Saturday June 08. A popular automobile manufacturer has gone bankrupt. Daewoo Motor America, part of the Korean car maker, filed for bankruptcy after the devastating economic crisis in Asia.
05/14/2002	Roanoke Steam Files for Bankruptcy Tue May 14. ROANOKE, Va. (AP) - The Roanoke Steam, who have the worst attendance in arenafootball2, has filed for bankruptcy, and the league has taken over the franchise.
05/13/2002	Bankruptcy Master- The Empty Truth about Bankruptcy Stocks Funny thing about the shares of bankrupt companies: Many continue to trade long after the issuer has declared bankruptcy. In many cases, the companies fall below capital requirements necessary to continue trading on the New York Stock Exchange or on Nasdaq, so their stocks are relegated to the over-the-counter market. Even there, however, trading volume often remains brisk.
	Mon May 13,10:27 AM ET NORTH CHARLESTON, S.C. (AP) - Polymer Group Inc., which makes the fabric used in Handi Wipes and other products, said Monday it filed for Chapter 11 bankruptcy-law protection from its creditors.
05/08/2002	Bankruptcy Master- half million people filed for personal bankruptcy protection
05/03/2002	For more than a decade, the new film 'Spider-man' was mired in bankruptcies, lawsuits, director changes and even a Sept. 11 controversy over advertisements showing the World Trade Center twin towers. Actor Tobey Maguire stars in the title role in the action adventure film, which opens in the United States May 3, 2002.
04/30/2002	Bankruptcy Master- Abortion Issue Holds Up Bill On Bankruptcy By PHILIP SHENON (NYT) 871 words A five-year struggle in Congress to rewrite the nation's bankruptcy laws by making it harder for people to escape their debts has come down to a debat...
04/30/2002	Bankruptcy Master- At Center of Enron Bankruptcy, Dispute Over Big Bank Creditors By LESLIE WAYNE (NYT) 1510 words. In a Manhattan bankruptcy court, where hundreds of lawyers are trying to carve up what remains of Enron, the first order of business is finger-pointin...
04/24/2002	Bankruptcy Master- Banks and other lenders
12/02/2001	NEW YORK (CNN/Money) - Enron Corp., the financially plagued energy-trading company, filed for Chapter 11 bankruptcy protection Sunday, filed a related $10 billion breach of contract suit against former merger partner Dynegy Inc., and said it plans a reorganization program that includes substantial work force reductions.
11/14/2001	NEW YORK (CNN/Money) - Chiquita Brands International Inc. said Monday it will file for Chapter 11 bankruptcy protection with a pre-arranged plan to reduce its debt and accrued interest by $700 million.
10/03/2001	NEW YORK (CNNfn) - Auto parts maker Federal Mogul Corp. filed Monday for bankruptcy court protection in the United States and Britain due to liabilities from asbestos.
	BIRMINGHAM, Ala., Oct 2 (Reuters) - Restaurant operator Wall Street Deli Inc. (OTC BB:WSDI.OB - news) on Tuesday said it filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code.
09/28/2001	Burned by the dot-com blowout and costly growth, Web hosting giant Exodus Communications Inc. filed for bankruptcy protection Wednesday but said its business will continue to operate.
09/25/2001	The chain of 550 Dairy Mart convenience stores in seven states filed for bankruptcy court protection Monday. Dairy Mart said the filing in U.S. Bankruptcy Court in New York will let keep operating while it reorganizes its finances.
09/12/2001	Midway said Wednesday it will go out of business in the midst of the hijackings that led to crashes at the Pentagon and World Trade Center. The decision sent 1,700 employees to the unemployment lines, joining the 700 laid off when the airline filed for Chapter 11 bankruptcy Aug. 13.
09/07/2001	American Tissue, the nation's fourth-largest maker of tissue, filed for Chapter 11 bankruptcy protection Monday, Sept. 10, 2001. The Berlin mill was shut down indefinitely August 2001 and almost all of its workers have been laid off. (AP Photo/Jim Cole, File)
07/16/2001	Schwinn to sell cycling unit, files for bankruptcy (Reuters Securities) Bicycle maker Schwinn/GT Corp. announced on Monday plans to sell its cycling unit to Huffy Corp. for more than $60 million and said it has filed for bankruptcy in the United States.
	Comdisco files for bankruptcy, sells services to HP (Reuters Securities) Computer leasing company Comdisco Inc., hit by investment losses and working to manage a mountain of debt, said on Monday it had filed for bankruptcy protection and would sell its services business to Hewlett-Packard Co.(NYSE: HWP - news ) for $610 million in cash.
	Webvan Files for Bankruptcy, Hit with Shareholder Suit (NewsFactor) Defunct online grocer Webvan (Nasdaq: WBVN) and three of its affiliates -- Webvan Operations, Webvan Bay Area, and HomeGrocer.com -- formally filed for Chapter 11 bankruptcy protection Friday.
	Pacific Power files for Bankruptcy
07/09/2001	Webvan Vice President of Corporate Affairs Bud Grebeyat a news conference in Foster City, Calif., Monday July 9, 2001, as he announces that Webvan, the online grocer, will close it's doors immediately and file for bankruptcy
	Penn Specialty files Chapter 11, to seek buyer
	Online Grocer Webvan Files Chapter 11
	A federal judge threw out a $475 million judgment for former Playboy Playmate Anna Nicole Smith after reviewing a bankruptcy court judgment. (Who says bankruptcy is boring?)
07/03/2001	Laidlaw Files for Bankruptcy (Associated Press) Laidlaw Inc., operator of the Greyhound bus line and a fleet of school buses across North America, has filed for bankruptcy protection while it restructures $3.5 billion in debt.
	AMF Bowling Files for BankruptcyAMF Bowling Worldwide, the world's largest operator of bowling centers, filed for bankruptcy protection Tuesday under a plan that would allow it to repay debt and restructure its operations.
	AMRESCO files for bankruptcy protection (Reuters Securities) Finance and loan firm AMRESCO Inc. on Monday filed for Chapter 11 bankruptcy protection and entered into an agreement to sell its non-cash assets for $309 million.
	Media Grok: Wireless Pioneer Circles the Wagons (Industry Standard) Metricom files for bankruptcy protection when its service turns out to be expensive for consumers -- and for the company.
07/02/2001	Metricom files for Chapter 11 bankruptcy protection
06/28/2001	Texas Town Files for Bankruptcy
06/26/2001	USG files for bankruptcy, blames asbestos claims
	No job, big bills lead to bankruptcy court
06/25/2001	USG, the building products manufacturer filed for federal bankruptcy on Monday, June 25, 2001, citing the high costs of asbestos litigation. Also filing Chapter 11 petitions were the company's major subsidiaries, U.S. Gypsum, USG Interiors, Inc. and L&W Supply Corp.

06/20/2001	U.S. bankruptcy judges may gain power
06/11/2001	No job, big bills lead to bankruptcy court
	Law Could Hurt Counseling Agencies
	Bill to Tighten Bankruptcy Gets a Push
02/28/2001	IronBridge to file for bankruptcy protection
02/27/2001	Phenix Biocomposites Files Ch. 11
02/26/2001	EToys Files for Bankruptcy
02/25/2001	CBA Files for Bankruptcy
02/16/2001	Etown closes and hands its assets over to Best Buy
	Bridge Information Files for Bankruptcy
	Crown Books Again Files for Bankruptcy, Citing Soft Sales
	Stan Lee Media Files for Bankruptcy Protection
02/06/2001	Sunbeam Files for Bankruptcy
02/06/2001	Bridge Files for Bankruptcy