Tag Archives: Chicago Chapter 11 Bankruptcy Lawyers
Marsh Files Chapter 11; Seeks Buyer
Since 1931, thousands of Hoosiers have done most or all of their grocery shopping at a local Marsh Supermarket. But now, the company says it will close its 44 remaining locations if no one buys the chain within the next two months. As recently as 2006, Marsh operated 120 stores in three states. But… Read More »
New Republic Airways To Emerge From Bankruptcy
The Indianapolis-based regional airline submitted a Chapter 11 reorganization plan to a bankruptcy judge, and if it is approved, Republic should emerge from bankruptcy sometime in the first quarter of 2017. A protracted contract dispute with its pilots meant that the carrier could not fulfill its obligations to United, American, and Delta, forcing the… Read More »
What Happens During Bankruptcy?
Trilogy Capital Management, one of the last holdout creditors in the ongoing Caesar’s Entertainment Corp. bankruptcy, agreed to support the reorganization plan. This development is good news for the newly-christened Caesars Entertainment Operating Company Inc., because it will probably allow the company to emerge from Chapter 11 and return to business as usual. In… Read More »
Arch Coal’s Bankruptcy Disclosure Statement Under Scrutiny
Arch Coal, Inc., America’s second largest coal mining company, filed for Chapter 11 (or “reorganization”) bankruptcy in January of 2011. This is a massive company that even has a mine located nearby in the Illinois Basin. According to Arch Coal’s website, the company plans to eliminate over $4.5 billion in debt from their balance… Read More »
