Bankruptcy News

9:49 AM EST
1/19/2012 Eastman Kodak files for Chapter 11 bankruptcyIt's the end of a storied era for the iconic film and camera company Eastman Kodak, which Thursday filed for Chapter 11 bankruptcy. The company will focus on its most valuable business lines and expects to complete the restructuring by 2013. Eastman Kodak has obtained $950 million in financing from Citigroup.

Source:AHN Topics:Economy, Business And Finance, Company Information, Bankruptcy

2:02 PM EST
1/10/2012 Hostess prepares for Chapter 11Hostess Brands, maker of Twinkies and Wonder Bread, is preparing for Chapter 11, according to reports.

Source:AHN Topics:Economy, Business And Finance, Company Information, Bankruptcy

5:20 PM EST
1/5/2012 Kodak shares plunge on report company might seek bankruptcy protectionEastman Kodak Co. stock shares plunged 28 percent in value on speculation that the 131-year-old photography company is preparing to seek bankruptcy protection.

Source:AHN Topics:Economy, Business And Finance, Company Information, Bankruptcy

6:30 PM EST
12/19/2011 Saab files for bankruptcy after Chinese deal failsSwedish carmaker Saab is filing for bankruptcy after a deal to infuse Chinese funds fell through over technology licencing objections from American shareholders. The Chinese deal was the last hope for Saab, which has suspended work at its main factory and has failed to pay employees.

Source:AHN Topics:Economy, Business And Finance, Company Information, Bankruptcy, Manufacturing And Engineering, Automotive Equipment

8:45 AM EST
12/19/2011 Nine months after halting production, Saab files for bankruptcyCash strapped car maker Saab Automotive filed for bankruptcy Monday nine months after halting production due to lack of funds.

Source:AHN Topics:Economy, Business And Finance, Company Information, Bankruptcy, Manufacturing And Engineering, Automotive Equipment

3:59 PM EST
12/12/2011 Two major publishers announce bad news for newspaper industryIt's beginning to be a tough week for newspapers, with one major publication announcing a round of lay-offs, while another publisher announces bankruptcy.

Source:AHN Topics:Economy, Business And Finance, Company Information, Bankruptcy, Layoffs And Downsizing, Media, Newspaper And Magazine

9:38 AM EST
11/29/2011 American Airlines files for bankruptcyAMR, the parent company of American Airlines, announced on Tuesday that it has filed for Chapter 11 bankruptcy.

Source:AHN Topics:Economy, Business And Finance, Company Information, Bankruptcy

8:06 PM EDT
11/5/2011 Dippin' Dots files for Chapter 11 bankruptcy protectionDippin' Dots, the futuristic ice cream, filed for bankruptcy protection Friday. The manufacturer of the colorful ice cream beads, frozen using liquid nitrogen, owes $12 million, the majority of it to Regions Financial Corp., which moved to foreclose on the loan this week.

Source:AHN Topics:Economy, Business And Finance, Company Information, Bankruptcy

6:11 AM EDT
11/1/2011 MF Global files for bankruptcy protectionU.S. brokerage firm MF Global filed for bankruptcy protection on Monday over its $6.5 billion eurozone debt exposure.

Source:AHN Topics:Economy, Business And Finance, Company Information, Bankruptcy, Financial And Business Service, Investment Service

8:13 PM EDT
10/12/2011 Harrisburg, Pennsylvania bankrupt, files for court protectionPennsylvania’s capitol of Harrisburg has filed for bankruptcy protection as the cash-strapped city government can no longer pay its bills and workers by the fourth quarter.

Source:AHN Topics:Economy, Business And Finance, Company Information, Bankruptcy, Politics, Local Authority