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Facts about business bankruptcy. (Selected Topic).
If you thought 2002 was a bad year for bankruptcy filings, you were right. Five of the ten largest bankruptcy filings in U.S. history occurred in 2002. More than 180 publicly traded companies filed for Chapter 7 or Chapter 11 bankruptcy in 2002, with debts of more than $360 billion.
Some of the more common causes for these bankruptcies included:
* accounting irregularities (and in some instances accounting fraud);
* a weakening U.S. economy;
* the bursting of the high-tech bubble; and
* a crisis of confidence resulting in investors and banks pulling back when corporations ask either for "help," or possibly even a financial ...
- Jamesway's creditors to seek end to exclusivity today. (unsecured creditors to...
- Magazine article from: Daily News Record Siegel, Jeff July 28, 1994 700+ words
...Jamesway Corp.'s unsecured creditors committee, unhappy over...Jamesway's exclusivity in bankruptcy court today. The two sides have...Jamesway's plan offers unsecured creditors a $102 million package of...
- BANKRUPTCY COURT ASI says it's found 2 buyers Unsecured creditors want...
- Newspaper article from: The Milwaukee Journal Sentinel PRADNYA JOSHI August 25, 1996 700+ words
...he hopes bankruptcy court will accept...liquidation. Unsecured creditors filed a motion...000. The unsecured creditors were to be...committee of unsecured creditors, said...the next bankruptcy court hearing...
- Vlasic Foods to Sell its Pickle, Frozen Food, and BBQ Sauce Businesses To...
- Press release article from: PR Newswire April 3, 2001 700+ words
...approval of the U.S. Bankruptcy Court at a hearing scheduled...official committee of unsecured creditors. The Bankruptcy Court also set a hearing date...bondholders and other unsecured creditors. It will enable the businesses...
- Planet Hollywood Files Reorganization Plan; Unsecured Creditors Seek Probe.
- Newspaper article from: The Orlando Sentinel (Orlando, Florida) (via Knight-Ridder/Tribune Business News) May 14, 2002 700+ words
...restaurant chain, but unsecured creditors are asking the bankruptcy court for a probe of possible...Orlando, representing unsecured creditors, said Monday that Planet...filed a motion with the bankruptcy court last week asking the...
- Area firms among unsecured creditors.(Business)
- Newspaper article from: The Register-Guard (Eugene, OR) March 15, 2009 700+ words
...Coach to file a list of its top 20 unsecured creditors. In U.S. Bankruptcy Court in Delaware, Monaco filed a list of its top 30 unsecured creditors. Unsecured creditors are those who don't have any legal...
- Bedford Computer files innovative joint plan of reorganization with its bank...
- Press release article from: PR Newswire July 9, 1987 700+ words
...BANK AND UNSECURED CREDITORS CONNVERTING...United States Bankruptcy Court that converts...appointed by the Bankruptcy Court to represent...benefit to the unsecured creditors." The plan requires Bankruptcy Court approval...
- Chrysler Unsecured Creditors' Committee Launches Bankruptcy Website.
- Press release article from: PR Newswire August 13, 2009 700+ words
...Official Committee of Unsecured Creditors of Old Chrysler...Chrysler's general unsecured creditors. On July 16, 2009, the Bankruptcy Court authorized the Committee...opportunity for general unsecured creditors of Old Chrysler to...
- General Motors Unsecured Creditors' Committee Launches Bankruptcy Website.
- Press release article from: PR Newswire August 20, 2009 700+ words
...Official Committee of Unsecured Creditors of Old GM. One of...Old GM's general unsecured creditors. On August 3, 2009, the Bankruptcy Court authorized the Committee...opportunity for general unsecured creditors of Old GM to submit...