EAGEN, Del. - Buffets Restaurants Holdings Inc. has filed for Chapter 11 bankruptcy protection for a second time and plans to shut 81 underperforming restaurants as it tries to cope with its debt. The company, based in Eagan, Minn., operates 494 ...
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The story of one man' s tale of rags to riches and then back to rags is epitomized by the person once regarded as the richest man is Ireland. Lawyers for entrepreneur Sean Quinn rescinded his opposition to a Republic of Ireland bankruptcy order which was ...
Ohio bankruptcy courts got a chance to catch their breath in 2011 as filings fell to their lowest levels since 2008. In Ohio's southern district, which includes Columbus, Cincinnati and Dayton courts, filings were down about 14 percent to ...
As if the squabble between Troubleshooter Tom Martino and the trustee assigned to handle his Chapter 7 bankruptcy couldn't get any more heated, the trustee now wants to depose Martino's wife. In the latest of what seems to be weekly salvos ...
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At the end of January, Springettsbury Township, Pa., bankruptcy attorney Timothy Baker sees an influx of clients hoping to clean financial house. "All of a sudden, there's this shift. Like, 'Oh my god. I have all these bills to pay,'" Baker said ...
As the Giordano's pizza chain struggled to pay its debts, the former owners were "looting" the company of millions of dollars through "large and unjustified" salary increases as well as payments that covered their personal debts, according to a ...
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(Reuters) - Canada's Catalyst Paper Corp filed for Chapter 15 protection in a U.S. court on Tuesday as the specialty paper and newsprint producer grappled with rising costs of raw materials and lower demand. Catalyst is the latest in line of paper ...
Grab your cheeseheads, Bankruptcy Beat readers. We've got a new Chapter 11 filing on tap that blends together two of Wisconsinites' favorite things: beer and the Green Bay Packers. BC Pabst Holdings LLC, which court papers show filed for ...
Jan. 18 (Bloomberg) -- A federal judge's ruling in Jefferson County's record bankruptcy threatens water and sewer bonds, which have beaten the $3.7 trillion municipal market for more than 20 years. The revenue debt produced annualized returns of ...
Jan. 11 (Bloomberg) -- Hostess Brands Inc., the maker of Twinkies snack cakes and Wonder bread, fell back into bankruptcy less than three years after completing an earlier restructuring. The baker ended an earlier trip through bankruptcy court ...
