The previously Swedish automaker, Saab, was bought by General Motors in 2000. However, GM has struggled to maintain profitability in all of their brands in recent years. After being sold to Dutch owners in 2010, the new Saab owner has found themselves unwillingly in bankruptcy court in December of last year. Competition Sparks Controversy The  … Read more

If you’re staring down business bankruptcy, just waiting for the day you have to file, there are a few things you need to know about what’s headed your way so that you can turn this experience into a positive event that will propel you into the future with confidence. Firstly, there are two main types  … Read more

If you are employed by a major corporation undergoing Chapter 11 bankruptcy, you may be relieved to find out that things aren’t necessarily as bad as you expect.  Chapter 11 bankruptcy is a form of bankruptcy that results in reorganization, not liquidation.  The difference between these two types of bankruptcy is key.  Let’s spend a  … Read more

If you are concerned about having to file bankruptcy in the near future, you probably want to know what options are available to you, and which one is best for you.  While bankruptcy is always an unpleasant experience, having the right knowledge can relieve some of the stress and worry associated with this process. Chapter  … Read more

The Hostess brand snack cake maker filed for Chapter 11 bankruptcy earlier this year and has since been working towards debt reorganization. Earlier plans for managing their near $945 million debts were driven away from employees in efforts to disrupt operations. However, issues surrounding pension and union obligations have surfaced and are now jeopardizing the  … Read more

LightSquared is a tech company who provides high speed wireless internet to customers around the U. S. After their service plans were thwarted by federal regulators the company has found themselves in financial trouble. Yesterday, LightSquared filed for Chapter 11 bankruptcy protection. High Speed Relief LightSquared Inc. is just one of several companies offering 4G  … Read more

The airlines industry has had a rough go over the last few years. As the economy pushes more airlines into bankruptcy protection, even aircraft manufacturers are succumbing to the financial pitfalls of a sinking market. Yesterday, a well known aircraft maker, Hawker Beechcraft, announced their Chapter 11 filing. Flying Low A drop in demand for  … Read more

After months of negotiations in bankruptcy court, the LA Dodgers Chapter 11 case was supposed to come to a close last week. A decision was originally expected by April 6th, but was pushed to 27th after additional bids on the team were being considered.  As team fans and players wait patiently for the sale, further  … Read more

The packaged ice manufacturer and distributor, Reddy Ice Inc., filed for Chapter 11 earlier this month in efforts to pursue debt restructuring with its creditors. Now that steps have been made towards resolving some of their near $530 million in debts, Reddy Ice faces additional challenges as they are now tied up in a court  … Read more

Many businesses are hitting headlines as they enter bankruptcy protection after years in a tough economy. American Airlines, Hostess Brands Inc. and The RoomStore are all names that have gained attention as business bankruptcy filings become more commonplace. However, what hasn’t been heard of until recently is the increase in case conversions from Chapter 11  … Read more