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{ Monthly Archives } May 2009

LEGISLATIVE: Opinion – Voices Sunday, May. 31, 2009 Senate whiffs on bankruptcy, mortgage reform

http://www.ledger-enquirer.com/sunday_voices/story/733496.html

2009 05 30 Baxter & Baxter, LLP Uncategorized Comments (0)

BANKRUPTCY: Isle bankruptcies soar

http://www.starbulletin.com/business/20090530_Isle_bankruptcies_soar.html

2009 05 29 Baxter & Baxter, LLP Uncategorized Comments (0)

Shelby assails large gov’t role in General Motors

WASHINGTON – (AP) Sen.

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2009 05 29 Baxter & Baxter, LLP Uncategorized Comments (0)

R.H. Donnelley to reorganize under Chapter 11

CARY, N.C. – (AP) Yellow pages publisher R.H. Donnelley Corp., which has been struggling to service its debt as the recession slashes its revenue, said Friday it voluntarily filed to reorganize under Chapter 11 bankruptcy law

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2009 05 29 Baxter & Baxter, LLP Uncategorized Comments (0)

Visteon files for Chapter 11 bankruptcy protection

NEW YORK – (AP) Visteon Corp., the top auto parts supplier and former subsidiary of Ford Motor Co., has filed for Chapter 11 bankruptcy protection as it struggles with a drop in sales to ailing automakers.   Ford, which buys Visteon’s climate control, powertrain and

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2009 05 29 Baxter & Baxter, LLP Uncategorized Comments (0)

Toys R Us acquires high-end retailer FAO Schwarz

NEW YORK – (AP) Geoffrey the Giraffe became a knight in shining armor for toy retailer FAO Schwarz, as Toys R Us Inc. said it acquired the troubled high-end retailer, which has struggled for years through bankruptcies amid tough competition from discount stores.   Analyst

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2009 05 29 Baxter & Baxter, LLP Uncategorized Comments (0)

Chrysler faces more hearings to get Fiat deal OK’d

NEW YORK – (AP) It may take two more days of testimony for Chrysler to convince a bankruptcy judge that a deal with Italian automaker Fiat is the best way to save itself from liquidation.   The automaker needs U.S

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2009 05 29 Baxter & Baxter, LLP Uncategorized Comments (0)

GM says bondholder panel supports sweetened offer

DETROIT – (AP) General Motors Corp. said Thursday a committee of bondholders has agreed to a sweetened deal proposed by the U.S. government to erase the automaker’s unsecured debt in exchange for company stock

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2009 05 29 Baxter & Baxter, LLP Uncategorized Comments (0)

In re City of Vallejo, 403 B.R. 72; 2009 Bankr. LEXIS 705 (Bankr. E.D. Cal. Mar. 13, 2009)

  John Gallagher & Todd Duffield, of Paul, Hastings, Janofsky & Walker LLP, consider the ruling by a California bankruptcy court that a chapter 9 debtor is not bound by the requirements of Code section 1113 or any state law in rejecting a collective bargaining agreement. The decision, however, leaves some important issues unresolved, including wh

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2009 05 28 Baxter & Baxter, LLP Uncategorized Comments (0)

GM all but certain to file for Chapter 11

DETROIT – (AP) General Motors, the company that put tail fins on a Cadillac and was once the nation’s largest employer, moved to the edge of bankruptcy Wednesday as debtholders refused a last-ditch deal. Crosstown rival Chrysler hoped to pull off a quick exit from Chapter 11 and prove there is hope yet for a leaner Detroit

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2009 05 28 Baxter & Baxter, LLP Uncategorized Comments (0)