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{ Monthly Archives } June 2009

GM seeks court approval to become "New" company

NEW YORK – (AP) General Motors Corp., hoping for a quick exit from Chapter 11, on Tuesday will ask a bankruptcy judge to approve its plan to refashion itself as a leaner automaker owned mostly by the government. The nation’s largest automaker still faces hundreds of objections from bondholders, state officials, unions a

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2009 06 30 Baxter & Baxter, LLP Uncategorized Comments (0)

Quelle gets government credit to stay afloat

BERLIN – (AP) German authorities have agreed to give a euro50 million ($70 million) credit line to Quelle GmbH, the mail-order unit of insolvent department store owner Arcandor AG, to keep its business afloat. The federal Economy Ministry and Bavaria’s state finance minister, Georg Fahrenschon, sai

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2009 06 30 Baxter & Baxter, LLP Uncategorized Comments (0)

GM and Chrysler’s bankruptcy cases at a glance

(AP) A summary of developments in the Chapter 11 bankruptcy cases of General Motors Corp. and Chrysler LLC: GENERAL MOTORS DAY 26 WHERE DOES IT STAND?: Friday marked Detroit-based GM’s 26th day under court protection. GM said Friday it would use an idled midsize car plant in

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2009 06 29 Baxter & Baxter, LLP Uncategorized Comments (0)

NACBA President Carey Ebert testifies before House Judiciary Subcommittee

http://www.nacba.org/s/76_820592b598c5147

2009 06 28 Baxter & Baxter, LLP Uncategorized Comments (0)

BANKRUPTCY: Personal bankruptcies surge in Southern California

http://www.latimes.com/business/la-fi-cover-bankruptcy28-2009jun28,0,183018.story

2009 06 27 Baxter & Baxter, LLP Uncategorized Comments (0)

UN seeks answer to bankruptcy of a country

UNITED NATIONS – (AP) The U.N.

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2009 06 26 Baxter & Baxter, LLP Uncategorized Comments (0)

Woolworths resurrected as online store

LONDON – (AP) The 100-year-old Woolworths brand was resurrected on Thursday as an online store almost six months after the retailing stalwart went bankrupt and shut down its high street shops.   The new brand owne

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2009 06 26 Baxter & Baxter, LLP Uncategorized Comments (0)

Delphi defends asset sale to private-equity firm

NEW YORK – (AP) Auto parts maker Delphi Corp. defended the sale of a portion of its assets to a private equity firm on Thursday, saying it has been open to other buyers since it first entered bankruptcy protection four years ago

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2009 06 26 Baxter & Baxter, LLP Uncategorized Comments (0)

Journal Register hits bankruptcy plan objections

NEW YORK – (AP) The Journal Register Co. faced objections to its Chapter 11 reorganization plan on several fronts Thursday, as the newspaper publisher submitted its proposal to a U.S

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2009 06 26 Baxter & Baxter, LLP Uncategorized Comments (0)

Judge gives final OK to GM’s bankruptcy financing

NEW YORK – (AP) A bankruptcy judge ruled Thursday that General Motors Corp. can have access to its full $33.3 billion in bankruptcy financing.   Judge Robert Gerber gave final approval to the financing after he had given preliminary approval

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2009 06 26 Baxter & Baxter, LLP Uncategorized Comments (0)