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Bankruptcies: headlines from the week of June 7, 2010
Updated: 12 weeks 23 hours ago

Senior lenders win bidding for Inquirer, Daily News

Wed, 04/28/2010 - 2:47pm
Senior lenders have won the auction to buy the Philadelphia Inquirer and Daily News after bidding $135 million.

Atrium Cos. to emerge from Chapter 11 reorganization

Wed, 04/28/2010 - 11:37am
Atrium Cos. Inc., one of the largest manufacturers of residential vinyl and aluminum windows and patio doors in North America, said today it plans to emerge from Chapter 11 reorganization by April 30.

Schwing America to pay Wells Fargo $27 million in reorganization

Tue, 04/27/2010 - 3:59pm
Schwing America Inc. — a concrete-pump manufacturer fighting against liquidation — filed a reorganization plan that includes paying off $27 million owed to Wells Fargo & Co.

AIG Baker puts Vestavia Hills City Center in bankruptcy

Tue, 04/27/2010 - 3:45pm
The fate of Vestavia Hills City Center is now in the hands of the court.

Economy Hardware files for bankruptcy protection

Tue, 04/27/2010 - 2:44pm
Economy Hardware Inc., a fixture in Cambridge’s Central Square, has voluntarily filed for Chapter 11 bankruptcy protection.

Golden Gate Fields owner set to exit Chapter 11 bankruptcy

Tue, 04/27/2010 - 2:30pm
The bankrupt owner of Golden Gate Fields won court approval for its reorganization plan.

Former Gottschalks chairman to open similarly named chain

Tue, 04/27/2010 - 12:03pm
Gottschalks Inc.’s former chairman and a relative of its founder wants to bring back the name with a new department-store chain. (GOT)

GunnAllen files for bankruptcy protection

Tue, 04/27/2010 - 10:44am
GunnAllen Financial Inc. filed a voluntary petition for Chapter 11 bankruptcy protection.

Chrysler sues Colorado over dealer law

Mon, 04/26/2010 - 4:57pm
Chrysler Group LLC has sued the state of Colorado, claiming a new law that gives terminated dealers the right of first refusal if automakers want to reopen franchises that were closed in bankruptcy is unconstitutional.

BankUnited Financial sues FDIC

Mon, 04/26/2010 - 4:11pm
Nearly a year after the Federal Deposit Insurance Corp. closed its BankUnited, BankUnited Financial Corp. filed a lawsuit against the FDIC seeking to recover more than $400 million.

Court OK's Fuddrucker's bankruptcy plan

Mon, 04/26/2010 - 2:48pm
Fuddruckers owner Magic Brands LLC garnered court approval for its bankruptcy plan on Friday, allowing the company to move forward with selling its restaurants.

Tavistock to pay $40M for Fuddruckers’ parent

Mon, 04/26/2010 - 2:43pm
Tavistock Group Inc. is poised to buy the parent company of Fuddruckers restaurant for $40 million this summer in a bankruptcy sale.

Evergreen sells stake in German venture

Mon, 04/26/2010 - 9:25am
Evergreen Solar Inc. has completed the sale of its stake in a struggling Germany-based solar-panel manufacturer, ending an expensive chapter in Evergreen’s efforts to export its solar-cell manufacturing technologies abroad.

Court OKs Fuddruckers bankruptcy plan

Mon, 04/26/2010 - 8:51am
Fuddruckers owner Magic Brands LLC Friday garnered court approval for its bankruptcy plan, allowing the company to move forward with selling its restaurants.

KIOGA offers new credit insurance after SemGroup’s Oklahoma bankruptcy case

Mon, 04/26/2010 - 12:00am
The Kansas Independent Oil and Gas Association is taking a step toward protecting its members from the kind of multi-million dollar losses suffered as a result of the SemGroup LP bankruptcy.

Developer Meruelo sues Ocean Bank over no construction loan

Mon, 04/26/2010 - 12:00am
Developer Richard Meruelo has filed a lawsuit against Miami-based Ocean Bank, seeking $9 million in damages after he and his family members were hit with foreclosure actions.

Brasota scheme asset recovery continues, properties remain to be sold

Mon, 04/26/2010 - 12:00am
BRADENTON — Five years after Brasota Mortgage Co. filed for Chapter 11 bankruptcy protection, the case is winding to an end with only three parcels of property remaining unsold.

Fund giant grabs 30% share in Dex

Mon, 04/26/2010 - 12:00am
CARY – As the company that was R.H. Donnelley emerged from bankruptcy shedding its Yellow Pages legacy for a focus on online business, one of the largest mutual fund institutions in the world surfaced as the publisher’s largest shareholder.

Schwing America tries to avoid liquidation

Mon, 04/26/2010 - 12:00am
Schwing America Inc.’s concrete-pumping equipment helped rebuild the fallen Interstate 35W bridge in Minneapolis and buildings where New York’s World Trade Center once stood.

Lake Burton muddied by lawsuits, bankruptcies

Mon, 04/26/2010 - 12:00am
Lake Burton, a North Georgia getaway for many of metro Atlanta’s business elite, is being muddied by a series of controversial court battles and bankruptcies, the flow of which shows little sign of ending. (CUZ) (SO)