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Special Report on

Files for Bankruptcy, Liquidation

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KENTWOOD -- After years of struggles capped by the bankruptcies this year of General Motors Corp. and Chrysler Group LLC, auto parts maker Meridian Automotive Systems filed for Chapter 7 bankruptcy liquidation Friday. The Allen Park-based company has been selling off its remaining assets and contracts, including former Lescoa and American Bumper operations in Kentwood and Ionia. In July, Meridian sold two plants in Ionia, at 14 and 29 Beardsley St., and plants at 3075 Breton Ave. SE and 2890 29th St. SE in Kentwood to Flex-N-Gate Corp. , of Urbana, Ill. Plants in Fowlerville and Angola, Ind., also were part of the sale. ...
The series was based mostly on the 1960s Astro Boy anime series, but begun to include elements from the 1980s series in later issues. The comic went through three writers and artists, and embellished the original plotline, despite only covering the first episode of the 1960s series.
Bankruptcy Definitions | financemanagement
Bankruptcy means an official declaration of economic failure or mutilation of ability of a person or company to pay their creditors. A bankruptcy petition may be filed against a debtor. Sometimes creditors file this kind of “involuntary bankruptcy” petition to recover their due payment. Body:- Bankruptcy means an official declaration of economic failure or mutilation of ability of a person or company to pay their creditors. A bankruptcy petition may be filed against a debtor. Sometimes creditors file this kind of “involuntary bankruptcy” petition to recover their due payment. In most of the ... market research, surveys and trends
Bankruptcy in Hawaii | New Health Care Bill Facts
While there’s no simple equation that would allow borrowers in Hawaii to figure out whether or not bankruptcy protection would be a proper fit for their own family, any consumer who finds him or herself struggling to afford the minimum monthly payments from their credit cards should at the least see what other options are available. For that matter, Hawaiian debtors who have looked at their assembled bills with a realistic and clear eyed appraisal only to discover that their household capacity for gross income in the next few years put against the family cost of living expenses and utility obligations would not allow for the ... market research, surveys and trends


Birmingham's City Stages files for bankruptcy liquidation, leaving ...
The Birmingham Cultural & Heritage Foundation, the music festival's nonprofit parent company, filed for Chapter 7 liquidation in U.S. Bankruptcy Court in Birmingham. The group said after this year's June festival it planned to cease operations. City Stages President George McMillan, who helped found the festival on blocked-off downtown streets 21 years ago, said the late Friday filing was inevitable. "The foundation regrets that its financial condition left no other viable alternative," McMillan said in a statement Tuesday night . The festival cited debts of $1.3 million and assets of $115,831 in its filing. ... industry trends, business articles and survey research
Compudyne Inc. Files For Bankruptcy Liquidation - Hartford Courant
CompuDyne Inc., an inactive Hartford-based company whose businesses once ranged from boilers to billboards, is seeking to be liquidated in bankruptcy court. The company, which has no employees, has no income. But it has immense legal costs, stemming from asbestos and hazardous-waste claims against it, said Millard H. Pryor Jr., vice chairman of the parent CompuDyne Corporation. "The directors of the corporation simply reached a point and said, `Why are we funding this?' ' Pryor said. CompuDyne Corporation hasn't filed for bankruptcy. CompuDyne Inc. used to have a boiler-manufacturing business, York Shipley, ... industry trends, business articles and survey research
Furniture Factory Warehouse Files for Chapter 11 Bankruptcy
Furniture Factory Warehouse, a leading home furnishings retailer operating 12 stores in South Texas since 1989, announced it has filed for Chapter 11 Bankruptcy protection in the United States Bankruptcy Court for the Northern District of Texas.  The company�s decision comes as a result of unfavorable financial conditions, including a sustained decline in furniture sales, according to Paul Thompson, one of the company�s managers. Furniture Factory Warehouse expects its 12 stores and distribution facilities to remain closed for the short term, pending the Bankruptcy Court�s approval of the company�s Bankruptcy Going Out of ... market trends, news research and surveys resources
'Real Housewives' Star Teresa Giudice Files For Bankruptcy
Wooo, lawdy! We've got a lot of fun stuff to get into about the insanely tacky yet deliciously entertaining castmembers of Bravo TV 's Real Housewives series. First, you may recall that last week we learned that it was reported that Teresa Giudice , who stars on The Real Housewives of New Jersey , and her family are $11+ million dollars in debt despite the lavish lifestyle they purport to enjoy on the reality TV show . Today we learn that the Giudice family has been forced to file for bankruptcy because they are B-R-O-K-E: The Real Housewives of New Jersey star Teresa Giudice is breaking her silence after it was ... market trends, news research and surveys resources


Past and Future of the Bankruptcy Law in Brazil and Latin America
When a firm files for bankruptcy liquidation, the bankruptcy court appoints a trustee who shuts the firm down and sells its assets. ... technology research, surveys study and trend statistics
Corporate Bankruptcy
What happens when a public company files for protection under the federal bankruptcy laws? Who protects the interests of investors? Do the old securities have any value when, and if, the company is reorganized? We hope this information answers these and other frequently asked questions about the lengthy and sometimes uncertain bankruptcy process. Secured Creditors - often a bank, is paid first. Unsecured Creditors - such as banks, suppliers, and bondholders, have the next claim. Stockholders - owners of the company, have the last claim on assets and may not receive anything if the Secured and Unsecured Creditors' claims are ... technology research, surveys study and trend statistics
The Costs of Bankruptcy: Chapter 7 Liquidation versus Chapter 11 ...
Our sample consists of all corporate bankruptcies filed under Chapter 7 ...... White, Michelle J., 1984, Bankruptcy, liquidation, and reorganization, ...
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What is Motors Liquidation Company (MTLQQ.PK)? - Yahoo! Answers
What is MTLQQ.PK? is that actually General Motors under a different name? Would buying stock in MTLQQ.PK equate to or convert to GM stock once GM returns to being publicly traded on the market? I understand MTLQQ is all that's left of the old GM emerging out of bankruptcy protection. But what is the purpose of even having Motors Liquidation Company? 2 months ago When General Motors Corporation entered bankruptcy and went out of business (the new GM is a Company, not a Corporation so it is a different company), many bond holders were (and are) stilled owned money. They want their money which will be received from the ...
What happens when a stock company files bankruptcy? - Yahoo! Answers
1. If publicly traded, the stock (equity) almost ALWAYS gets wiped out. This is not instantaneous, meaning just because a company files BK does not mean the stock goes to zero right away. 2. Upon a BK filing the stock tends to lose 70-90%+ of its remaining value immediately. 3. The stock generally will get D-Listed and trade OTC, OTC BB with the other worthless penny stocks. There, the stock continues to trade while the bankruptcy court handles the case. 4. Generally when the case is settled and closed, a stroke of a pen and approval from the BK Trustees and the Court will then cease to permanently cancel the existing stock, and ...