Chapter 11 Bankruptcy, Bankruptcy | featured news

Twinkies maker Hostess seeks bankruptcy protection

The maker of Twinkies, Sno Balls and Wonder Bread is trying to lose the fat. Hostess Brands is hoping to cut its high costs as it heads back into bankruptcy protection for the second time in less than a decade.


Kodak prepares for Chapter 11 filing: report


Eastman Kodak is preparing a Chapter 11 bankruptcy protection filing in case it is unable to sell its digital patents to raise capital, The Wall Street Journal reported on Wednesday. The once-iconic photographic film pioneer is in talks with potential lenders to secure about $1 billion in debtor-in possession financing to sustain Kodak through bankruptcy proceedings, the Journal reported, citing unidentified sources.

Senh: The irony: Kodak invented the digital camera as early as 1975, but couldn't capitalize on it. Now, they're playing catch-up with rivals selling digital cameras.


American Airlines parent seeks Ch. 11 protection

American Airlines Bankruptcy

American Airlines' parent company is seeking Chapter 11 bankruptcy protection as it seeks to unload massive debt built up by years of accelerating jet fuel prices and labor struggles.


WaMu Chapter 11 Plan Rejected Again, in Part

A bankruptcy judge rejected Washington Mutual's Chapter 11 plan for a second time, finding the company was too generous with senior creditors but not dismissing the central details of the plan.


Executive of Bankrupt Airline Liable for Millions in Excise Tax

Michael Conway was the founder and CEO of National Airlines. The mission of the airline was to bring tourists to Las Vegas, to visit their money I suppose. The airline started service in 1999, but was never profitable. In December 2000 it went into Chapter 11.


Borders files for Ch. 11 bankruptcy protection

Borders files for Ch. 11 bankruptcy protection

Bookseller Borders, which helped pioneer superstores that put countless mom-and-pop bookshops out of business, filed for bankruptcy protection Tuesday, sunk by crushing debt and...


National Enquirer publisher files for bankruptcy

American Media Inc, publisher of the National Enquirer and Star supermarket tabloids, on Wednesday filed for Chapter 11 bankruptcy protection.


Tribune Co. CEO Resigns Amid Raunchy Tales

Tribune Co. CEO Resigns Amid Raunchy Tales

Tribune Co. CEO Randy Michaels resigned Friday amid tales of raunchy behavior as one of America's biggest media companies looked to shift attention back to its efforts to emerge from bankruptcy protection. Hours later, the company filed its latest reorganization plan in court.


MGM To Declare Chapter 11

MGM To Declare Chapter 11

Executives from Spyglass Entertainment will take over the company once it emerges from bankruptcy.


Debt, changing media habits topple Blockbuster

Debt, changing media habits topple Blockbuster

Blockbuster Inc., once the dominant movie rental company in the U.S., filed for Chapter 11 bankruptcy protection on Thursday, reeling from mounting losses, rising debt and competitors that have better catered to Americans changed media habits.

Senh: Blockbuster was too arrogant. When Netflix started gaining popularity several years ago, the CEO back then called it a niche market, and that they're not worry about it at all. Now, Netflix has 15 monthly subscribers, and Blockbuster is bankrupt.


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