December 25, 2001 |
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.
April 12, 2000 |
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.
February 27, 1986 |
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.
September 15, 2004 |
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.
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.
May 19, 1999 |
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.
January 26, 1999 |
Retailer J. Peterman is seeking Bankruptcy Court protection from its creditors. The catalog company, whose nostalgic, high-priced clothing and accessories have inspired imitation as well as satire on the sitcom "Seinfeld," said holiday sales were poor. The U.S. Bankruptcy Court in Lexington, Ky., where the retailer is based, is to consider motions in the filing today. The petition is under Chapter 11 of the U.S.