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    Mar 22, 2013 |Story| WSBT-TV

  1. Judge rules against company trying to stop ethanol plant sale

    <span style="font-size: small;">A judge has denied a Texas company's effort to stop the sale of the ethanol plant in South Bend to two liquidators.</span>
    A judge has denied a Texas company's effort to stop the sale of the ethanol plant in South Bend to two liquidators. The sale was finalized in federal bankruptcy court earlier this week. But a company called Natural Chem argued the liquidators bought the...

    Tags: Judges, Biofuels, Environmental Issues, Economy, Business and Finance, Ethanol

    2. Apr 16, 2013 |Story| Los Angeles Times

  2. American Airlines' flights grounded by computer problems

    Computer problems have forced American Airlines, one of the nation's largest air carriers, to keep hundreds of its flights from departing across the country.
    This post has been updated. See the note below for details.
    Computer problems have forced American Airlines, one of the nation's largest air carriers, to keep hundreds of its flights from departing across the country. The Fort Worth-based airline said it has been struggling with intermittent computer problems...

    Tags: American Airlines, Inc., Bankruptcy, Los Angeles International Airport, U.S. Airways, Air Transportation Industry

    3. Apr 16, 2013 |Story| Coastline Pilot

  3. Asada files for bankruptcy

    A judge earlier this week granted two motions on behalf of a Laguna Beach restaurant seeking bankruptcy protection.
    A judge earlier this week granted two motions on behalf of a Laguna Beach restaurant seeking bankruptcy protection. Attorneys for Asada Laguna Beach filed for bankruptcy protection April 8 and then filed two motions — one that allows the company...

    Tags: Judges, Economy, Business and Finance, Justice System, Bankruptcy, Crime, Law and Justice

    4. Apr 15, 2013 |Story| Coastline Pilot

  4. Chief administrative officer of O.C. when it declared bankruptcy dies

    Ernie Schneider, the chief administrative officer of Orange County when it declared bankruptcy in 1994 because of its disastrous investment practices, died Saturday<strong> </strong>at his home in San Juan Capistrano. He was 66.
    Ernie Schneider, the chief administrative officer of Orange County when it declared bankruptcy in 1994 because of its disastrous investment practices, died Saturday at his home in San Juan Capistrano. He was 66. His death, related to liver and kidney...

    Tags: Finance, Economy, Business and Finance, Politics, Physical Fitness and Exercise, Science and Technology

    5. Apr 10, 2013 |Story| Los Angeles Times

  5. American Airlines expanding LAX service with eight new destinations

    <em>This post has been corrected. See the note at the bottom for details.</em>
    This post has been corrected. See the note at the bottom for details. For a carrier whose parent company is still in bankruptcy, American Airlines doesn’t show signs of retrenching. The airline announced plans Wednesday to expand to eight new...

    Tags: American Airlines, Inc., Boeing Co., Economy, Business and Finance, International Travel, Travel

    6. Apr 10, 2013 |Column| Allentown Morning Call

  6. Contractor accused of not finishing jobs

    The front of Naomi Schachter's scenic home is lined with sliding glass doors, which normally would provide an awesome view of her wooded property and access to her large deck.
    The front of Naomi Schachter's scenic home is lined with sliding glass doors, which normally would provide an awesome view of her wooded property and access to her large deck. But for several months that view has been cluttered with yellow caution tape,...

    Tags: Home Improvement, Media Industry, Criminal Laws, Crime, Law and Justice, Trials

    7. Apr 11, 2013 |Story| Los Angeles Times

  7. Blame all around in Stockton

    After a federal judge ruled last week that the city of Stockton can reduce its debt through bankruptcy, observers began to frame the battle as one of municipal bondholders against public employees. But it's hard to shed tears for either of them.
    After a federal judge ruled last week that the city of Stockton can reduce its debt through bankruptcy, observers began to frame the battle as one of municipal bondholders against public employees. But it's hard to shed tears for either of them....

    Tags: Manhattan (New York City), Judges, Politics, Justice System, Bankruptcy

    8. Apr 10, 2013 |Story| Los Angeles Times

  8. New Orleans asks judge to seize troubled prison from sheriff

    Conditions have gotten so bad at a New Orleans prison that city officials have asked a judge to appoint a replacement for the sheriff in charge, according to a federal court filing.
    Conditions have gotten so bad at a New Orleans prison that city officials have asked a judge to appoint a replacement for the sheriff in charge, according to a federal court filing. For years, the Orleans Parish Prison has been criticized by the U.S....

    Tags: Prisons, Judges, Politics, Justice System, Bankruptcy

    9. Apr 9, 2013 |Story| Baltimore Sun

  9. AccuPay president refuses to testify in bankruptcy court

    The nearly two dozen creditors of payroll firm AccuPay Inc. who jammed a hearing room in Baltimore's federal courthouse Tuesday left with no more answers than when they arrived.
    The nearly two dozen creditors of payroll firm AccuPay Inc. who jammed a hearing room in Baltimore's federal courthouse Tuesday left with no more answers than when they arrived. Bel Air-based AccuPay, which filed for Chapter 7 bankruptcy in March, is...

    Tags: Harford County, Economy, Business and Finance, Politics, Alan Cohen, Bankruptcy

    10. Apr 8, 2013 |Blog| Cars.com

  10. Fisker Lays Off 75% of Workforce as Bankruptcy Looms

    KickingTires
    Leonardo DiCaprio may love his Fisker Karma, but the California automaker is listing like the Titanic. Less than a month after founder Henrik Fisker quit, the boutique car company laid off some 160 employees, the Detroit News reports, as it......

    Tags: Automotive Equipment, Career and Workplace, Passenger Cars, Tesla, Leonardo DiCaprio

    11. Apr 8, 2013 |Story| WSBT-TV

  11. City: New ethanol plant owners actively marketing plant in three countries

    <span style="font-size: small;">SOUTH BEND &ndash; The former New Energy ethanol plant is costing South Bend taxpayers about $12,000 a month and the city doesn&rsquo;t even own it. And some city council members have big questions about the plant&rsquo;s future.</span>
    WSBT TV
    SOUTH BEND – The former New Energy ethanol plant is costing South Bend taxpayers about $12,000 a month and the city doesn’t even own it. And some city council members have big questions about the plant’s future. Council Vice...

    Tags: Judges, Biofuels, Economy, Business and Finance, Environmental Issues, Ethanol

    12. Apr 8, 2013 |Story| Baltimore Sun

  12. Baltimore Museum of Art lays off 14 employees

    More than five years after a financial crisis ravaged the U.S. economy, the <a href="http://findlocal.baltimoresun.com/baltimore-city/art/art/baltimore-museum-of-art-baltimore-museum">Baltimore Museum of Art</a> has finally run out of options.
    More than five years after a financial crisis ravaged the U.S. economy, the Baltimore Museum of Art has finally run out of options. Museum administrators announced Monday that after exhausting other cost-cutting measures, they have laid off 14 employees,...

    Tags: Baltimore Museum of Art, Economy, Business and Finance, Arts and Culture, Washington, DC, Career and Workplace

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Financially Distressed Companies Photos
George R. Mesires has been named co-chair of the Financ...
(February 4, 2013)
George R. Mesires , Finance and Restructuring practice co-chair, Ungaretti & Harris
He also has experience representing debtors in Chapter...
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Matthew V. Wargin, partner, Mayer Brown
Thomas M. Lynch of Faegre Baker Daniels LLP has been ap...
(October 31, 2012)
Thomas Lynch, U.S. Bankruptcy Judge, Northern District of Illinois
 » All 19 Financially Distressed Companies photos