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Highlights

A collection of news and information related to Bankruptcy published by this site and its partners.

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    May 17, 2013 |Story| Burbank Leader
  1. Leader Editorial: Colony show's success is a boon for the city

    With the Colony Theatre teetering on the edge of insolvency, many feared its latest production, "Falling For Make Believe," might very well be its last. In a turnabout worthy of Hollywood, the show, which has garnered spectacular reviews —...
  2. Mar 23, 2013 |Story| Burbank Leader
  3. Leader endorsements for Burbank City Council: Nos, Talamantes

    With the election of Bob Frutos to the City Council last month, Burbank stated that it wants change on the dais. With the general election fast approaching, voters should continue that trend. We endorse David Nos and Jess Talamantes for City Council....

    Tags: Politics, Local Elections, Elections

  4. Dec 26, 2012 |Story| Burbank Leader
  5. Burbank City Council candidate says bankruptcy was a 'business decision'

    City Council candidate David Nos filed for Chapter 13 bankruptcy last December -- a "business decision" he said he was forced to make after encountering circumstances beyond his control amid a rough recession. Nos had been running his printing...

    Tags: Companies and Corporations, Donald Trump, Local Elections, Financially Distressed Companies, Trials

  6. Jun 27, 2012 |Story| Burbank Leader
  7. Burbank City Council settles on interview process for appointing city clerk, treasurer

    The City Council on Tuesday agreed to the framework for how they will make two interim appointments for the office of city clerk and treasurer during a special meeting on Thursday, including sequestering candidates during the televised interview process.
    The City Council on Tuesday agreed to the framework for how they will make two interim appointments for the office of city clerk and treasurer during a special meeting on Thursday, including sequestering candidates during the televised interview process....

    Tags: Politics, Local Elections, Financially Distressed Companies, Elections

  8. Jan 10, 2012 |Story| Burbank Leader
  9. Bob Hope dealt blow by carrier's departure

    The decision by American Airlines to pull out of Bob Hope Airport might further harm an airfield that has been grappling with a yearlong slide in passenger numbers, which gained the notice of an important credit rating agency.
    The decision by American Airlines to pull out of Bob Hope Airport might further harm an airfield that has been grappling with a yearlong slide in passenger numbers, which gained the notice of an important credit rating agency. American, which made up 7....

    Tags: Bob Hope, Los Angeles International Airport, Financial and Business Services, Credit and Debt, Air Transportation Industry

  10. Jan 9, 2012 |Story| Burbank Leader
  11. American Airlines to close operations at Bob Hope

    <a id="PLENT000002" class="taxInlineTagLink" title="American Airlines, Inc." href="http://www.latimes.com/topic/economy-business-finance/transportation-industry/air-transportation-industry/american-airlines-inc.-PLENT000002.topic">American Airlines</a>, which filed for bankruptcy protection in November, is closing its operations at <a id="PECLB002429" class="taxInlineTagLink" title="Bob Hope" href="http://www.latimes.com/topic/entertainment/bob-hope-PECLB002429.topic">Bob Hope</a> Airport in Burbank and ending flights from Dallas-Fort Worth to <a id="PLGEO100100602011350" class="taxInlineTagLink" title="New Delhi (India)" href="http://www.latimes.com/topic/intl/india/new-delhi-%28india%29-PLGEO100100602011350.topic">New Delhi</a>.
    American Airlines, which filed for bankruptcy protection in November, is closing its operations at Bob Hope Airport in Burbank and ending flights from Dallas-Fort Worth to New Delhi. In addition to closing operations at those two airports, the airline...

    Tags: New Delhi (India), Bob Hope, Financially Distressed Companies, India, Los Angeles Times

  12. Nov 29, 2011 |Story| Burbank Leader
  13. American Airlines bankruptcy: 'Business as usual' for passengers

    The parent company for American Airlines, the nation's third largest  carrier, filed for bankruptcy, citing high labor costs and a volatile  economy.
    The parent company for American Airlines, the nation's third largest carrier, filed for bankruptcy, citing high labor costs and a volatile economy. American Airlines, the largest carrier at Los Angeles International Airport, and a carrier at Bob Hope...

    Tags: Bob Hope, Los Angeles International Airport, Unrest, Conflicts and War, Transportation, Travel

  14. Nov 1, 2011 |Story| Burbank Leader
  15. City works to smooth recycling center woes

    Burbank officials have set a self-imposed Nov. 15 deadline to hammer out a deal with a new operator for the city&rsquo;s recycling center &mdash; even if the prospective newcomer was selected by the current contractor who is accused of making almost $33 million in fraudulent claims.
    Burbank officials have set a self-imposed Nov. 15 deadline to hammer out a deal with a new operator for the city’s recycling center — even if the prospective newcomer was selected by the current contractor who is accused of making almost $33...

    Tags: Companies and Corporations, Politics, Public Officials, Crimes, Waste Industries Incorporated

  16. Jun 17, 2011 |Story| Burbank Leader
  17. Cheers to Granada's reopening

    There’s been too many stories in recent years of businesses folding, of employees left to scramble for another career while standing in the unemployment line. It could have been the case again when Alfredo’s Granada restaurant on Victory...

    Tags: Restaurants, Dining and Drinking, Employees, Restaurant and Catering Industry, Lifestyle and Leisure

  18. Jun 14, 2011 |Story| Burbank Leader
  19. Employees buy, reopen bankrupt restaurant as part-owners

    The Granada restaurant, a Victory Boulevard landmark for nearly 40 years, re-emerged from an eight-month closure Monday with sizzling fajitas, cold margaritas and new owners who will probably look familiar to longtime patrons.
    The Granada restaurant, a Victory Boulevard landmark for nearly 40 years, re-emerged from an eight-month closure Monday with sizzling fajitas, cold margaritas and new owners who will probably look familiar to longtime patrons. A group of employees bought...

    Tags: Restaurants, Dining and Drinking, Employees, Los Angeles, Financially Distressed Companies

  20. Aug 28, 2010 |Story| Burbank Leader
  21. B-movie producer charged in Ponzi scheme

    A Burbank business owner was arraigned this week on 89 felony counts related to a $9-million Ponzi scheme. Mahmoud Karkehabadi — also known as Mike Karkeh — is accused of promising investors up to 35% returns for making loans to his B-movie...

    Tags: Entertainment, Crimes, Fraud, Newport Beach, Corporate Crime

  22. Oct 6, 2010 |Story| Burbank Leader
  23. Granada closes after 39 years

    Alfredo's Granada, a Burbank restaurant, bar and civic institution for nearly 40 years, closed down Saturday night, to the sorrow and surprise of longtime patrons.
    Alfredo's Granada, a Burbank restaurant, bar and civic institution for nearly 40 years, closed down Saturday night, to the sorrow and surprise of longtime patrons. Owner Alex Bernal said a host of legal, business and family problems forced the Victory...

    Tags: Dining and Drinking, Restaurants, Entertainment, Labor Legislation, Restaurant and Catering Industry

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Bankruptcy Photos
An estimated 400 depositors line up outside the Des Pla...
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Michael: [screaming into the office] "I DECLARE BANKRUP...
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George R. Mesires , Finance and Restructuring practice co-chair, Ungaretti & Harris