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BUSINESS
February 6, 2008 | From Times Wire Services
Sirva Inc., a provider of moving services and parent of Allied Van Lines, filed for bankruptcy protection after struggling with too much debt in the U.S. housing downturn. The Westmont, Ill.-based company and nearly 60 affiliates filed for protection in U.S. Bankruptcy Court in Manhattan. Sirva has $924.5 million of assets, $1.23 billion of debt and more than 100,000 creditors, according to the filing. It said the bankruptcy covered only its U.S. operations. Sirva expects to stay in business while it restructures, and emerge from bankruptcy within 60 to 90 days.
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SPORTS
April 4, 2014 | By Bill Shaikin
Four minutes before Hyun-Jin Ryu threw the first pitch of the Dodgers' home opener Friday, Time Warner Cable hit the send button. Vin Scully had just handed the ceremonial first pitch to Sandy Koufax, two of the most beloved sports figures in Los Angeles history teaming up to welcome baseball back to Dodger Stadium. It was a goosebump moment in person and on television, except that most of Southern California cannot see the Dodgers on television. In an email blast to DirecTV subscribers demanding their Dodgers, TWC put the blame on DirecTV.
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BUSINESS
March 21, 2008 | From Times Staff and Wire Reports
Aloha Airlines has filed for Chapter 11 bankruptcy protection a little more than two years after emerging from a previous bankruptcy. Aloha Airgroup Inc. said it was unable to generate sufficient revenue because of what it called "predatory pricing" by Mesa Air Group's Go airline. Mesa Air Group Inc., based in Phoenix, launched Go into the inter-island market in 2006 to compete with Aloha and Hawaiian Airlines Inc. All three airlines have reported losses totaling $85 million.
BUSINESS
March 25, 2014 | By Jerry Hirsch
Margie Beskau would seem to have a strong lawsuit against General Motors for millions in damages. Eight years ago, her 15-year-old daughter, Amy Rademaker, died in a Chevrolet Cobalt - one of the cars the automaker has now admitted had a deadly safety defect. A faulty ignition switch shut off the car, leaving its teenage driver without power steering, brakes or air bags. But Beskau probably will never collect in the civil courts, legal experts say, because GM has been absolved of all responsibility for crashes before the automaker's 2009 bankruptcy and federal bailout.
BUSINESS
July 30, 2008 | From Times Wire Services
Restaurant chains Bennigan's and Steak & Ale have filed a bankruptcy petition and will shut their doors and liquidate their assets. The chains' owner, privately held Metromedia Restaurant Group of Plano, Texas, said recently that it was not preparing to put the chains in bankruptcy.
BUSINESS
April 2, 2009 | TIMES WIRE REPORTS
Thornburg Mortgage Inc., a specialist in so-called jumbo home loans that also invested in mortgage-backed securities, said it would file for bankruptcy protection and shut down. Assets will be sold to pay bondholders and creditors, the Santa Fe, N.M., company said.
BUSINESS
June 7, 2008 | From the Associated Press
A Silicon Valley financier who owns a stake in the NHL's Nashville Predators has filed for personal bankruptcy two weeks after being accused of loan fraud. William "Boots" Del Biaggio III, 40, scion of a prominent San Jose banking family, has at least $57 million in unpaid personal and business loans, credit card bills and other financial obligations, according to the Chapter 11 filing in U.S. Bankruptcy Court for the Northern District of California. The filing didn't enumerate Del Biaggio's assets or debts.
BUSINESS
December 31, 2004
US Airways Group Inc. said it hoped to file its bankruptcy reorganization plan by Feb. 15.
BUSINESS
December 23, 2008 | Times Staff and Wire Reports
A bankruptcy judge on Monday approved the sale of Lehman Bros. Holdings Inc.'s prized investment management unit to a group of managers and employees. The sale was worth $922 million to the Lehman bankruptcy estate, a Lehman lawyer said, and includes the Neuberger Berman money management business.
ENTERTAINMENT
March 19, 2014 | By Saba Hamedy
In 1958, Ed Michelson started a motion picture catering company - Michelson Food Services - and made food for the cast and crew on such classic films as "West Side Story" and "Some Like it Hot. " Michelson was one of the first to operate a food service truck on film sets, and for decades business boomed, back when virtually all the big studio movies were filmed in Los Angeles. Today, son Steve Michelson said that's no longer the case. When his father died, Michelson decided to start his own catering company, Sylmar-based Limelight Catering, which employs about 50 people and has been in business for 14 years.
SPORTS
March 17, 2014 | By Dylan Hernandez
PHOENIX -- Sometime in the relatively near future, perhaps even this year, Zach Lee could take the mound for the Dodgers in a regular-season game. Or Joc Pederson could step into the batter's box. If it happens, fans at Dodger Stadium might consider raising their plastic cups in a tribute to the man responsible: Frank McCourt. If not for the team's unpopular former owner, the Dodgers' two top prospects would be somewhere else. Lee might be counting down the days until the NFL draft.
SPORTS
March 17, 2014 | By Bill Shaikin
The greatest stain on the history of a proud franchise was officially dissolved Monday, when U.S. Bankruptcy Judge Kevin Gross signed a final decree ending the Dodgers' time in his court. The bankruptcy cases of the Dodgers and related entities "are hereby closed," Gross wrote in an order that ended the team's stay in bankruptcy court at 995 days. Gross signed the order as the Dodgers flew over the Pacific Ocean en route to Australia for Saturday's season opener against the Arizona Diamondbacks.
BUSINESS
March 14, 2014 | By Ricardo Lopez
Quiznos, the Denver-based sandwich chain, said Friday it had filed for Chapter 11 bankruptcy in Delaware, the second quick-service restaurant chain in a week to do so. The filing is expected to be speedy, as Quizno's senior leadership had already secured a "pre-packaged" restructuring plan with its creditors, the company said in a statement. The move will cut the company's debt by more than $400 million. Quizno's bankruptcy filing comes just days after Sbarro, the New York-based pizza chain, filed for court protection in Manhattan on Monday, the second time in three years.
ENTERTAINMENT
March 10, 2014 | By Meg James
Prospect Park Networks -- the production company that launched with high hopes of bringing two canceled ABC soap operas back to life -- has put itself on legal life support. The production firm based in Century City, headed by veteran producers Jeff Kwatinetz and Rich Frank, said Monday that it has filed for Chapter 11 bankruptcy protection. The group spent nearly three years and more than $10 million trying to revive two canceled daytime dramas, "All My Children" and "One Life to Live," that ran for four decades on the ABC television network.
BUSINESS
March 10, 2014 | By Tiffany Hsu, This post has been updated, as indicated below.
Sbarro filed for bankruptcy for the second time in three years as the pizza chain watches foot traffic slow in the malls many of its restaurants occupy. The Melville, N.Y., company filed for Chapter 11 protection in U.S. Bankruptcy Court in Manhattan on Monday along with more than 30 affiliates. Sbarro had sought bankruptcy in April 2011, emerging the next November. This time, the Italian-style eateries has racked up between $100 million and $500 million in both assets and liabilities, according to the company.
BUSINESS
March 2, 2014 | By Stuart Pfeifer
Newport Beach home builder William Lyon Homes has a history almost as interesting as its founder and namesake. William Lyon flew combat missions in the Korean War, commanded the Air Force Reserve and was chief executive and chairman of AirCal in the 1980s before selling the regional airline to American Airlines. Known as "the General," Lyon was a key player in the post-war Southern California housing boom. He got his start in home building in 1954 with Luxury Homes, a company he launched to build homes for military veterans.
BUSINESS
February 28, 2014 | By Chris O'Brien
Bitcoin exchange Mt. Gox announced Friday that it has filed for bankruptcy protection, admitting that it had lost 850,000 bitcoins. "There was some weakness in the system, and the bitcoins have disappeared. I apologize for causing trouble," said Mt. Gox Chief Executive Mark Karpeles at a news conference in Tokyo, the Wall Street Journal reported . The company said it lost 750,000 bitcoins belonging to customers, and an additional 100,000 of its own bitcoins. Those bitcoins today would be worth more than $450 million.
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