PR Pharmaceuticals Inc. has filed for Chapter 11 bankruptcy protection, according to court documents. (SRDX)
Written by tom on November 18th, 2008 with no comments.
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Sterling Heights-based Getrag Transmission has filed for Chapter 11 bankruptcy protection for its planned Getrag Transmission Manufacturing L.L.C. operation in Indiana, after Chrysler L.L.C.’s pullout from the joint venture.
Written by tom on November 18th, 2008 with no comments.
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The company that owns the Vino Piazza winery complex near Lodi has filed for Chapter 11 bankruptcy protection.
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STERLING HEIGHTS, Mich — Getrag Transmission Manufacturing LLC, which planned to build transmissions for Chrysler, has canceled its Tipton project. The limited liability corporation filed for Chapter 11 bankruptcy protection, it said Monday morning.
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A second question is: If the situation is so dire that the Big 3 would have to go into Chapter 7 bankruptcy (basically, cease operation immediately) instead of Chapter 11 bankruptcy (basically, continue operations while a bankruptcy …
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GETRAG Transmission Manufacturing LLC (GTM LLC), a subsidiary of GETRAG Corporation, filed a voluntary chapter 11 petition today in the United States Bankruptcy Court for the Eastern District of Michigan. …
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The proposition that a company is too big or too distressed to file for bankruptcy seems illogical on several levels. Chapter 11 of the US Bankruptcy Code was specifically designed to allow an overleveraged company with a viable …
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12) The Court finds these contentions to be unpersuasive and concludes that the subject policy directly conflicts with the policies underlying the Bankruptcy Code in general and the reorganization provisions of Chapter 11 in particular …
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But normally Chapter 11 bankruptcy is precisely the means through which such restructuring is done. If unusual circumstances mean we can’t do Chapter 11 and we need extraordinary congressional intervention, then it seems to me that the …
Written by tom on November 18th, 2008 with no comments.
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Keep in mind that huge spike in the graphic is when your favorite credit card companies (some of which will now be sucking off your tax dollars) lobbied to have the bankruptcy laws changed to make it much more difficult (read: …
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