Highlights
A collection of news and information related to Bankruptcy published by Tribune Company sources.
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Borders Group names Ron Marshall chief executive, Mark Bierley chief financial officer
Borders Group Inc., the money-losing U.S. bookstore chain that tried to sell itself last year, replaced top management after holiday sales fell 12 percent. Ron Marshall, who ran private-equity firm Wildridge Capital Management, was named chief executive,...Tags: Tyson Foods Incorporated, Texas, Financially Distressed Companies, Management Change, Borders Group Incorporated (MI)
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Greektown Casino hires Las Vegas turnaround firm
Greektown Casino in Detroit has hired a Las Vegas-based turnaround firm as the casino works to emerge from bankruptcy protection. The Detroit Free Press reports Tuesday the Fine Point Group will try to boost revenue and improve operations at the...Tags: Michigan, Casino and Gambling Industry, Gaming and Lotteries, Casino and Gambling, Freedom of the Press
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Waterford Wedgwood in bankruptcy
Waterford Wedgwood PLC filed for bankruptcy protection Monday after losing money for five years and failing to find a buyer, threatening an Irish crystalmaking heritage that dates to 1759. As many as 2,700 Irish and British jobs may be at risk if no...Tags: Times Square, Waterford, Financially Distressed Companies, HJ Heinz Company, New Year's Day
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Credit lines help law firms cover lag in collections
Tribune reporterLaw firms tend to be debt-averse. But in challenging economic times more are turning to their lines of credit as a financial backstop should the recession worsen, according to a leading banker to the legal industry. Steve Gilland, a Chicago-based...Tags: Business Enterprises, Financially Distressed Companies, Credit and Debt, Legal Services, General Growth Properties Incorporated
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Bidding for Chicago Cubs may be near a conclusion
Tribune reporterTribune Co., owner of the Chicago Cubs, is close to selecting a winning bid for the team from three finalists, according to people familiar with the sales talks. The Chicago-based media conglomerate has been evaluating bids since the beginning of...Tags: Wrigley Field, Real Estate Buyers, Sales, Major League Baseball, Ameritrade Holding Corporation
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Bankruptcy
U.S. consumer bankruptcy filings jumped almost 33 percent in 2008 during an apparent recession. Overall consumer filings reached 1,064,927 last year, up from 801,840 in 2007, according to data collected by the National Bankruptcy Research Center and...Tags: Financially Distressed Companies
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Crystal, china maker files for bankruptcy
Waterford Wedgwood PLC, the maker of classic china and crystal, filed for bankruptcy protection on Monday after attempts to restructure the struggling business or find a buyer failed. Four administrators from business advisory firm Deloitte were...Tags: Waterford, Financially Distressed Companies
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Bankrupt Company To Pay $1.5 Million For Polluting River
The Hartford CourantA company that repeatedly dumped toxic chemicals into the Branford River has agreed to pay the state $1.5 million in penalties and spend nearly $900,000 to clean up the site of the now bankrupt firm. The agreement between Atlantic Wire Co. of Branford...Tags: Connecticut, Richard Blumenthal, Industrial Production, Pollution, Water Pollution
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Crystal, china maker cracks under economic pressure
The associated pressWaterford Wedgwood PLC, the maker of classic china and crystal, filed for bankruptcy protection Monday after attempts to restructure the struggling business or find a buyer failed. Four administrators from business advisory firm Deloitte were appointed...Tags: Waterford, Financially Distressed Companies, Josiah Wedgwood
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IN BRIEF
U.S. consumer bankruptcy filings jumped nearly 33 percent in 2008 amid a recession that's expected to keep filings rising into the new year. Overall consumer filings reached 1,064,927 last year, up from 801,840 in 2007, according to data published by...Tags: Cigna Corporation, JetBlue, Consumers, American Airlines, Inc., Real Estate Buyers
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Twins owner Pohlad is dead at age 93
Carl Pohlad, a billionaire banker whose Minnesota Twins won two World Series titles during nearly his nearly quarter-century as owner, died yesterday. He was 93. When Pohlad paid Calvin Griffith $38 million for the Twins in 1984, he was widely credited...Tags: Minnesota Vikings, National Hockey League, Michael Vick, Kirby Puckett, Trials
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Cable firm Broadstripe files for bankruptcy
Broadstripe LLC, a cable operator serving customers in northern Anne Arundel County, filed for Chapter 11 bankruptcy protection yesterday to restructure debt. The St. Louis-based company, which also provides Internet and phone service, said it expects...Tags: Michigan, Severna Park, Linthicum, Oregon, Financially Distressed Companies
Jan 6, 2009
|Story| Chicago Tribune
Jan 6, 2009
|Story| Associated Press
Jan 6, 2009
|Story| Chicago Tribune
Jan 6, 2009
|Story| Chicago Tribune
Jan 6, 2009
|Story| Chicago Tribune
Jan 6, 2009
|Story| South Florida Sun-Sentinel
Jan 6, 2009
|Story| Hampton Roads Daily Press
Jan 6, 2009
|Story| Hartford Courant
Jan 6, 2009
|Story| Orlando Sentinel
Jan 6, 2009
|Story| Newsday
Jan 6, 2009
|Column| Baltimore Sun
Jan 6, 2009
|Story| Baltimore Sun
