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Georgia Luxury Resort Owner Files For Bankruptcy

Sea Island Co. is seeking federal bankruptcy protection and says it plans to emerge from Chapter 11 by selling its coastal Georgia resorts, golf courses and private clubs for $197.5 million. Court filings say the company is unable to pay more than $482 million in debt used to finance …

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2010 08 11 Baxter & Baxter, LLP Uncategorized Comments Off

Neff Rental files for Chapter 11 bankruptcy

(Reuters) – U.S. equipment rental company Neff Rental Inc filed for a prearranged Chapter 11 bankruptcy protection late Sunday in order to shrink its balance sheet and eliminate more than $400 million of debt.

Also tagged 400-million, and-eliminate, balance-sheet, businessnews, chapter, equipment-rental, filed-for, rental, shrink-its, sunday

2010 05 16 Baxter & Baxter, LLP Uncategorized Comments Off

Air America to close, files for bankruptcy – Reuters

New York Daily News Air America to close, files for bankruptcy Reuters NEW YORK (Reuters) – Air America, a politically liberal talk-radio network, said on Thursday it would cease operations and file for Chapter 7 bankruptcy protection to begin an orderly wind down of its business. The radio network … Read …

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2010 01 22 Baxter & Baxter, LLP Uncategorized Comments (0)

Air America to close, files for bankruptcy

NEW YORK (Reuters) – Air America, a politically liberal talk-radio network, said on Thursday it would cease operations and file for Chapter 7 bankruptcy protection to begin an orderly wind down of its business. Read more from the original source: Air America to close, files for bankruptcy See the article here: …

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2010 01 22 admin Uncategorized Comments (0)

Morris Publishing files for bankruptcy protection

AUGUSTA, Ga. – (AP) Daily newspaper owner Morris Publishing Group said Tuesday that it filed for Chapter 11 bankruptcy protection and plans to lower its debt by approximately $288.5 million Read the original here: Morris Publishing files for bankruptcy protection

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2010 01 20 Baxter & Baxter, LLP Uncategorized Comments (0)

Denver Post owner plans prepackaged Ch. 11 filing (AP)

AP – The holding company for MediaNews Group Inc. newspapers, including The Denver Post and San Jose Mercury News, says it plans to file for Chapter 11 bankruptcy protection. Continued here: Denver Post owner plans prepackaged Ch. 11 filing (AP)

Also tagged chapter, denver, group-inc-, media, mercury, mercury-news, owner-plans

2010 01 16 Baxter & Baxter, LLP Uncategorized Comments (0)

Tribune names a new chief executive

The media firm’s chief operating officer, Randy Michaels, takes over for Sam Zell, who remains chairman. Randy Michaels was named chief executive of Tribune Co., succeeding Sam Zell, who remains chairman of the Chicago media concern that has been operating under Chapter 11 bankruptcy protection for nearly a year. … Excerpt …

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2009 12 03 admin Uncategorized Comments (0)

General Growth restructures $9.7 billion in debt (AP)

AP – General Growth Properties Inc. said Wednesday lenders have agreed to restructure about $9.7 billion in debt under a plan that will allow 92 of its properties to emerge from bankruptcy protection by the end of the year. Excerpt from: General Growth restructures $9.7 billion in debt … See more …

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2009 12 03 admin Uncategorized Comments (0)

General Growth to emerge from Ch. 11 bankruptcy (AP)

AP – General Growth Properties Inc. said Wednesday lenders have agreed to restructure about $9.7 billion in debt under a plan that will allow the nation’s second-largest shopping mall operator to emerge from bankruptcy protection by the end of the year. See the rest here: General Growth to emerge from Ch. …

Also tagged debt-under, emerge-from, general-growth, nation, properties, rest, shopping-mall, the-rest, wednesday, will-allow, year

2009 12 02 Baxter & Baxter, LLP Uncategorized Comments (0)

CIT Group Says 3Q Loss Widened to $1.07 Billion

Small business lender filed for bankruptcy protection earlier this month. CitGroup – Bankruptcy – Law – Services – Lawyers and Law Firms Originally posted here: CIT Group Says 3Q Loss Widened to $1.07 Billion View original post here: CIT Group Says 3Q Loss Widened to $1.07 Billion

Also tagged bankruptcy, billion-view, business-lender, filed-for, firms, firms-originally, group, group-says, lawyers, month, original-post, services, widened

2009 11 17 admin Uncategorized Comments (0)

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