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BUSINESS
December 25, 2001 | Reuters
Instant film and camera maker Polaroid Corp., which filed for bankruptcy protection in October, said it is seeking court approval for $3.3 million in severance payments for up to 500 workers whose jobs will be eliminated over the next few months, recent Bankruptcy Court filings show. Cambridge, Mass.-based Polaroid, whose cameras deliver pictures in just seconds, expects to eliminate those jobs by March 31, according to Bankruptcy Court papers filed Friday.
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BUSINESS
April 12, 2000 | Bloomberg News
Hedstrom Corp., a unit of leveraged buyout firm Hicks, Muse, Tate & Furst Inc., filed for Bankruptcy Court protection after slumping sales and mounting debts left the maker of children's outdoor toys struggling to survive. Hedstrom, best-known as a maker of swing sets and slides, listed $399 million in assets and $337 million in debts in its Chapter 11 petition filed in U.S. Bankruptcy Court in Wilmington, Del.
BUSINESS
June 22, 2013 | By Minh Dang, Los Angeles Times
The trouble started with the inheritance. Eight years ago, the economy was booming and Jane Osick was on solid ground. She had manageable student loans, a stable job and excellent credit. Then, in less than two years, she racked up $120,000 in credit card debt. How did a sensible schoolteacher dig such a hole? Blame it on the inheritance - a house she helped refinance when her mother was ailing and then remodeled after her mother died. "Looking back, what I should have done was stay out of it," said Osick, 48. "We should have let her lose the house, because what difference would it have made?
BUSINESS
February 27, 1986 | BILL RITTER, San Diego County Business Editor
A San Diego man whose real estate investment and management company went bankrupt more than four years ago was indicted by a federal grand jury Tuesday on 18 counts of mail and bankruptcy fraud, as well as filing false declarations in bankruptcy court. Lewis W. Shurtleff, 65, was charged with transferring title to two apartment complexes from his company, Frontier Properties, to himself, his wife and his brother in July, 1981, one month before the company filed for bankruptcy.
BUSINESS
September 15, 2004 | From Bloomberg News
US Airways Group Inc.'s unions, defying management's efforts to win labor concessions to keep the company afloat, are unlikely to give up pay and benefits despite a threat of court-imposed cuts, a labor leader and consultants said Tuesday. US Airways sought bankruptcy protection from creditors Sunday after failing to win agreements for $800 million in concessions from the unions, including pilots, who refused to vote on a proposal, and mechanics, who declined to discuss the request.
SPORTS
March 7, 2012 | By Bill Shaikin
U.S. Bankruptcy Judge Kevin Gross on Wednesday urged attorneys for Bryan Stow and the Dodgers to settle their dispute without his intervention. Stow is the San Francisco Giants fan who was beaten and critically injured in the Dodger Stadium parking lot on opening day last year. His attorneys filed a civil suit against the Dodgers in Los Angeles Superior Court and a subsequent claim against the team in Bankruptcy Court. They have said Stow will need lifelong medical care and cited $50 million as a "conservative total estimate" of his damages.
BUSINESS
August 2, 1985
The Houston-based high-fashion speciality store--one of the last still owned by its founding family--reported that it will seek protection from its creditors under the U.S. Bankruptcy Code rather than sell to a competitor. The 83-year-old business filed a petition with the U.S. bankruptcy court seeking time to scale down its operations, reorganize and return to profitability.
BUSINESS
May 19, 1999 | (Bloomberg News)
Imagyn Medical Technologies Inc. wants a judge to reject creditors' bids to liquidate the struggling medical-device maker, allowing the company instead to reorganize in bankruptcy court and pay off more than $160 million in bond debt. Imagyn executives filed papers Tuesday in U.S. Bankruptcy Court in Wilmington, Del., to convert its creditors' bankruptcy petition to a Chapter 11 bankruptcy reorganization that would allow the company to come up with a plan to regain profitability.
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