Bizjournals Green

Personalized gift retailer Swoozie’s is going out of business and closing 43 U.S. locations, including two in the Houston-area.

National Hockey League Deputy Commissioner Bill Daly told a Toronto radio station Monday evening that the owner of the Phoenix Coyotes has a window of time to void the team’s lease at Jobing.com Arena and perhaps move the team to another market.

The struggling Sheraton Braintree Hotel recently fetched $9.13 million in a deal that could translate into a major overhaul for the South Shore property. (HST)

Swoozie’s Inc., which filed for Chapter 11 in early March, reported Tuesday it is going out of business and closing its 43 stores.

Shares of Pacific Ethanol Inc. continued to drop Tuesday, a day after the ethanol-maker and marketer filed a bankruptcy reorganization plan that would give ownership of its four plants to lenders but remain the operator.

Raleigh-based Xerium Technologies, Inc. (NYSE:XRM) said Tuesday that will enter Chapter 11 bankruptcy reorganization under a pre-packaged agreement that will give its major creditors a controlling interest – 82.6 percent of the common shares – of the industrial textile firm. (XRM)

National Hockey League Deputy Commissioner Bill Daly said Monday afternoon the league is continuing to work toward finding a new owner for the Phoenix Coyotes that will keep the team in Glendale and downplayed an earlier Phoenix Business Journal report of a back-up plan that could move the Coyotes back to Winnipeg.

The National Hockey League is working on a backup plan with Toronto billionaire David Thomson and Winnepeg-based True North Sports and Entertainment that could send the Phoenix Coyotes back to Canada if a deal with Ice Edge Holdings or Jerry Reinsdorf to keep the team in Arizona falls through.

Pacific Ethanol Holding Co. LLC, a wholly owned subsidiary of Pacific Ethanol Inc., along with its four ethanol production plants, on Friday filed a reorganization plan in U.S. Bankruptcy Court in Delaware, the company announced Monday.

Two foreclosure rescue companies have been ordered to pay $139,000 in restitution and penalties to settle lawsuits filed by Missouri Attorney General Chris Koster.

One of Cincinnati’s most prolific entrepreneurs, Rick Brunsman, has filed for Chapter 11 bankruptcy reorganization and plans to liquidate his business interests.

A law that was intended to reduce bankruptcy filings by eliminating fraudulent claims appears to be producing mixed results.

One struggling Seminole County retail center was sold at bankruptcy auction and another reportedly may go back to the lender — something tenants at both centers appear to welcome. (GGP) (SPG)

Sullivan & Worcester LLP essentially doubled the size of its bankruptcy group last week with five hires from Edwards Angell Palmer & Dodge LLP.

Chicago White Sox owner Jerry Reinsdorf could parlay his opposition to a stadium financing plan for the rival Chicago Cubs into the creation of a special tax district around Jobing.com Arena in Glendale — a move that could help him and business partner John Kaites buy the financially troubled Phoenix Coyotes.

It didn’t work too well for him in the past, but Charles Monroe III is hoping this time the bankruptcy court will be able to help him keep a South Florida retail center. (WFC) (BBY) (TJX) (JAS)

A new front has opened in the war of attrition between Georgetown developers Anthony Lanier and Herb Miller.

BRADENTON — Elite Vinyl Products Inc., a manufacturer of fencing materials, is seeking to reorganize under Chapter 11 of the U.S. Bankruptcy Code, alleging its principal lender has tied up its assets since its credit line expired in February. (BBT)

A pending criminal plea deal on an arms export charge won’t end the legal issues facing a Lafayette military and industrial technology maker as it tries to emerge from bankruptcy.

The joint venture that bought most of Village Homes of Colorado Inc.’s assets last year is purchasing another pool of the Englewood homebuilder’s assets for $2.33 million.